The transformation of Ripple continues which is so obviously in a phi fractal so this is the 3rd in a series of pentagram projections as it continues to play out. As it unfolds then it will complete the needed correction onto the crypto space. In simple terms, Ripple will be #1 crypto. We'll likely all have XRP wallets on our devices doing near instant transactions by the end of the year even before Ripple hit their 2018 milestones with the banks. Ripple will become a multi trillion dollar company and banks will happily change their tune and start to positively promote blockchain (See: Japan). Regular mom and dad investors will see little reason to take the risk of moving to Bitcoin when most people are not investors and more desire safety of the banks over a currency which is the favoured coin of terrorists, pedophiles and drug pushers. Bitcoin however will continue to have massive growth, but will be in the shadows for a while as Ripple takes the spotlight. As bitcoin price descends for a period of darkness, new Bitcoin leaders will emerge who can unite the community - long standing debates will start to resolve, while at the same time we will see some kind of partnerships between the leading underdogs such as Ethereum and Ripple to work together and dethrone the current king. All speculation, of course. Buy now.
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Some of those phi guide lines so Alice could follow the yellow brick road again
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Ripple announced Japanese exchange Bitbank Inc has listed XRP and will begin a volume incentive campaign on June 1. (See: twitter.com/Ripple/status/867761149449613313) Currently buys coming from Japan isn't accounting for a huge portion of the growth so lots up upward potential (See: xrpcharts.ripple.com/ Japan's banking adoption currently leads the way with the highest percentages of banks in the country being on board with Ripple.
Keep an eye on this:
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After some uber long sideways period we've clearly broken out. Who's ready for another mega Ripple pump?
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fineregex
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1. If XRP kept growing like this it would only take a few weeks to to overtake the price of VISA, Paypal, SWIFT, XE, Transferwise and more
and even combined those competitiors are not worth a trillion and combined they may stay ahead for years to come ;)
You dont just need a fast database.
That is not that special anymore today. But you also need to arrive in the minds of 100 millions of people convincingly.
(Respect to ripple troll posts identifying themselves quickly at least through throwing around "trillions" all the time.)
2. Ripple is centralized, not meant to be a network of many equals but only ripple + attested third party servers to come.
Therefore syncronisation and speed or a matter of course not a feature.
3. Like cash, digital cash can be stored independently and can also be used annoymously.
Ripple could either remove this feature too and in the end just be a paypal - or they cant avoid it better or completely
If the distribution of crypto is good/bad ( x% developers/coder y% commercialz% private a% annoymous, hard to trace)
then the distribution of ripple must be assume similar as for all crypto. Bitcoin pumps were unloaded on ripple repeatedly over the years.
A currency starting with "airdrop" like stellar is not guaranteed to be well distributed among active users.
All Exchanges/Gateways in most countries need to do KYC (know your customer) to check people / identities.
In short: It is:
Decentralization (equal nodes in a network, bitcoin, ethereum and all others)
VS
Ripple (centralized / hierachical network, only ripple and stellar)
- But both is digital cash so both face the same challenges.
Banks may not be willing to use a public digital cash anytime very soon,
but if so they'd likely be willing to use most crypto currencies.
fineregex
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@fineregex, please dont be naive everyone. Fool me once, shame on you. Fool me twice, shame on me. Pumpers / Manipulators are still unloading. Volume is higher when price falls.
fineregex
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@fineregex, bitcoin is traceable . annoymous users may be escaping into dash, zcash, monero and so on. Annoymity is both dangerous and conceptually/philosophically interesting and benefitial for suppressed good caused too - if any. So this may be an interesting topic for itself. But it is not so much Ripple VS the others. But rather All vs zcash/monero/..
@fineregex, you should put ethereum on centralized list as well. last year hardfork due to badly written contract was intentionally forced by Vitalik Buterin.
So did bitcoin reverse transactions and did hardfork back in 2010. Never happend to ripple and xrp.
Also speaking about centralization check out this study: btc-hijack.ethz.ch 60% bitcoin network goes through 3 ISPs, let alone handful of chinese miners controll majority of network.
If you're talking about centralization put all cards on the table do not be ignorant there
fineregex
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@markus32, they are networks of equals, everyone can add nodes. If something fails everyone can see, gradually but probably people will save it. They are self regulating systems / societys. Hardforks are elected on the fly, not forced.
markus32
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@fineregex, hardforks were forced in the past do some research. also it does not help you much if you can validate but not force rules when small group of miners controls your network. btw same validation can be done on ripple you can run your own ful node and ledger if you want
something similar happened to bitcoin look for the year 2010...
hanzeholdinworth
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@fineregex, Thanks for your comments. Firstly, It's not so easy to compare to the companies you mentioned. None of them have created their own currency / token but they work as exchanges for fiat. Ripple is a method of exchange, and a currency.You can't hold 'paypal' or 'visa' and use it to pay for anything. You can and will be able to with XRP. Finally, your estimate on the real worlds valuation of true decentralisation is not balanced. You are in the 1% of the 1% of people who care about ultimate decentralisation. Many like yourself live in an echo chamber where you have passed around your own values only between yourself and likeminded crypto extremists. In the realworld, the 100's of millions of people you talk about don't care about decentralisation - they simple want lower bank fees and faster cross-border transactions. They want that with the safety and security which banks provide.
and even combined those competitiors are not worth a trillion and combined they may stay ahead for years to come ;)
You dont just need a fast database.
That is not that special anymore today. But you also need to arrive in the minds of 100 millions of people convincingly.
(Respect to ripple troll posts identifying themselves quickly at least through throwing around "trillions" all the time.)
2. Ripple is centralized, not meant to be a network of many equals but only ripple + attested third party servers to come.
Therefore syncronisation and speed or a matter of course not a feature.
3. Like cash, digital cash can be stored independently and can also be used annoymously.
Ripple could either remove this feature too and in the end just be a paypal - or they cant avoid it better or completely
If the distribution of crypto is good/bad ( x% developers/coder y% commercialz% private a% annoymous, hard to trace)
then the distribution of ripple must be assume similar as for all crypto. Bitcoin pumps were unloaded on ripple repeatedly over the years.
A currency starting with "airdrop" like stellar is not guaranteed to be well distributed among active users.
All Exchanges/Gateways in most countries need to do KYC (know your customer) to check people / identities.
In short: It is:
Decentralization (equal nodes in a network, bitcoin, ethereum and all others)
VS
Ripple (centralized / hierachical network, only ripple and stellar)
- But both is digital cash so both face the same challenges.
Banks may not be willing to use a public digital cash anytime very soon,
but if so they'd likely be willing to use most crypto currencies.