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RE: Ripple (XRP) , What is your opinion about Ripple?

in #ripple7 years ago (edited)

Well we’ll see how things go with 38-billion tokens in circulation, and nearly another 60-billion being locked up supposedly NOV-2017. I think ripple is trying to show the advantages to banks of using xrp in conjunction with xRapid, xVia and RCloud. Ripple is trying to show a lower cost saving advantage when using xrp to replace having banks use nostro/Vostro accounts held in other countries. As much as each transaction will burn off such a small portion of xrp might make the currency deflationary but suspect it will only be a portion. They can only make xrp divisible by only so many decimal places. I do like that the token isn’t mineable so as to avoid the large mining pools to decide the fate of a currency rather than the common public - such as bitcoins forks of bitcoin gold or bitcoin cash that reveal no better use case value than some of the other alt coins out there (ie. ripple)yet people seem to want to pay $1000 for bitcoin-cash? With 100 banks internationally, some of which are the largest in the world, their SWIFT event hosting Ben Bernanke, Vitalek Buterin, Tim Berners-Lee, impressive demos for the federal reserve, google ventures invested, possible sight on over-throwing SWIFT, there just seems to be too much momentum/potential. I only hope their bloc-chain will reflect in the value of their xrp token in the future provided it gets used.

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