Ripple reaches second place by marketing capitalization
Ripple (XRP) reached second place by marketing capitalization. Before: https://web.archive.org/web/20171227090813/https://coinmarketcap.com/ After: https://web.archive.org/web/20171229110520/https://coinmarketcap.com/ Realtime: https://coinmarketcap.com/ What should investors know before investing in XRP?
A friend mentioned to me that it's queued up to be offered on coinbase, so that may have something to do with the rise in value. I know that eth, ltc went up after appearing on coinbase. Just speculation there. *Joseph Frazier* *Relentlessly Focused Action* On Fri, Dec 29, 2017 at 6:21 AM, Georgi Guninski <guninski@guninski.com> wrote:
Ripple (XRP) reached second place by marketing capitalization.
Before: https://web.archive.org/web/20171227090813/https://coinmarketcap.com/ After: https://web.archive.org/web/20171229110520/https://coinmarketcap.com/ Realtime: https://coinmarketcap.com/
What should investors know before investing in XRP?
On Fri, Dec 29, 2017 at 06:55:27AM -0700, Joseph Frazier wrote:
A friend mentioned to me that it's queued up to be offered on coinbase, so that may have something to do with the rise in value. I know that eth, ltc went up after appearing on coinbase. Just speculation there.
They claim they can do 15K transactions per second and scale to Visa's 50K tps. The issue of trust is not clear to me.
On Fri, Dec 29, 2017 at 8:21 AM, Georgi Guninski <guninski@guninski.com> wrote:
What should investors know before investing in XRP?
https://wikipedia.org/wiki/Ripple_(company) https://wikipedia.org/wiki/Ripple_(payment_protocol) $100M Bank funded, massively Corporate and Government partnered, inflationary, non-p2p centralized gateways, trackable, censorable, selling their own premine / printing, digital fiat / fiat transport, etc. Some people are saying those things, users should research.
Market Cap = current quantity * current price, not necessarily what amount of work / value was actually historically exchanged into it. Given a fixed 2M unit 100% preprinted coin stored and readied for sale in a warehouse, 1M units bought on day one for 1 cow total, then the other 1M units bought 10 years later for 1 cow each, does not make 2M cows worth, it makes 1M cows + 1 cow. Try one possibly better approximation for BTC, what do you get? mkt cap = sum(each block of coins mined * its historical price)
On Fri, Dec 29, 2017 at 03:57:00PM -0500, grarpamp wrote:
On Fri, Dec 29, 2017 at 8:21 AM, Georgi Guninski <guninski@guninski.com> wrote:
What should investors know before investing in XRP?
https://wikipedia.org/wiki/Ripple_(company) https://wikipedia.org/wiki/Ripple_(payment_protocol)
$100M Bank funded, massively Corporate and Government partnered, inflationary, non-p2p centralized gateways, trackable, censorable, selling their own premine / printing, digital fiat / fiat transport, etc.
Some people are saying those things, users should research.
Investors optimize profit, not moral values. What is disadvantage to you well could be an advantage to an investor. Current bitcoin (and likely almost all of the decentralized crowd) is unusable on large scale. Numbers taken from Ripple's site, could be biased: BTC does 3 to 6 transactions per second, ETH 15 tps, XRP 1.5K tps (and claims to scale to Visa's 50K tps). Too bad the Bitcoin founding father(s) didn't think about this outcome and code the solution.
What should investors know before investing in XRP?
Investors optimize profit, not moral values.
The links present some investment risks, including that investors could lose in war brought by decentralists, or lose to subjugation by greater centralists, etc. What the investor does with the information is of course up to them, but fool be they to not consider it.
Current bitcoin (and likely almost all of the decentralized crowd) is unusable on large scale.
Currently BTC is, others... maybe, maybe not. Even were some degree of centralization to be part of some designs, there's nothing that says Bank / Corp / Gov will must or should be the default permitted or rightful places to park, permanently or otherwise, the central parts of the designs. The communities and code could perhaps do reasonably well enough to select and maintain some supernodes. Coinspace is trying all sorts of new models, who knows which will prevail.
claims to scale to Visa's 50K tps).
There are coins already proving out research beyond that, look for them. Beating plastic / global tps, expecting one coin to do it all, all sorts of other single focus arguments... while nice thoughts, aren't neccessarily requisite win conditions of this months or next years battles, or perhaps even the war. Being decentralized censor resistant, able to soak up and store value, to spend it wthin competing costs for similar old world transactions, with enough frequency and widespread uses that users will integrate it into their old world payment mix, freedom to travel from coin to coin via exchange, political, social, and much more to it than just "Visa". Allowing to be focused are traps that will kill you.
Too bad the Bitcoin founding father(s) didn't think about this outcome and code the solution.
Too bad as to luck of a first and one shot kill, though that wouldn't really be a rational expectation and they didn't really have to, they showed cracks in the defense, philosophical, legal, political, financial, operational and technical weaknesses, it's up to you to exploit them and take the fortress... the sooner and harder you roll, with sufficiently vast, advanced, sustained and united armada, the better your odds of winning.
participants (3)
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Georgi Guninski -
grarpamp -
Joseph Frazier