The Ripple (XRP) thread

Arthur said:
I wonder if you know what you're talking about. Neither SWIFT nor most intl payment systems transfer "sovereign fiat currency" as you seem to think. They are payment orders reconciled against nostro/vostro ledgers kept by member institutions.

The only government meddling in SWIFT is through surveillance systems and the rare overreach by the CIA in intercepting/rerouting transactions intended for parties they disapprove of.
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Ah duh.. obviously its not an actual crate of currency being moved around. Thats why it is called a Settlement system, wow amazing thanks for clearing that up.

The moment you touch any settlement/physical/digital of a sovereign currency you must adhere to their policies and laws.

I am clearly wasting my time with you as it stands, you dont have a clue how these systems work and likely just tried some google results to refute my claims except you refuted nothing other than copy pasting random gibberish.
 
Sensorei said:
Moneygram just partnered with Ripple. That's a major international payment system. Even supported by FNB and Standard Bank.
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Internet proof of concept testing is as close to actually using ripple as me stating right now that I am configuring an 2 way intranet to test ipv6. Zero real world effect.
 
John Tempus said:
Ah duh.. obviously its not an actual crate of currency being moved around. Thats why it is called a Settlement system, wow amazing thanks for clearing that up.

The moment you touch any settlement/physical/digital of a sovereign currency you must adhere to their policies and laws.

I am clearly wasting my time with you as it stands, you dont have a clue how these systems work and likely just tried some google results to refute my claims except you refuted nothing other than copy pasting random gibberish.
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You are a joke. Can't seem to write without sarcasm, exaggeration, and bile. Not worth engaging further.
 
Arthur said:
How about you click the links under "Citations" in this Wikipedia article.
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Oh I did and I reread your hilarious wikipedia quote again.

Show me where it states in even your wikipedia quote that it is actively used on the current ripple network. Nowhere! The closes it comes to that is that they will be working on formalising rules to connect to the ripple network. Oh boy, you seem to just read what you want to. It does not state it is actually IN use at all.

Now on the subject of XRP vs ripplenetwork. You stated earlier that there is difference between the token(XRP) and the network(Ripple) , in parts it is true but also entirely wrong. The purpose of the current ripplenetwork is to transfer outside funds across the ripplenetwork using XRP and if you dont use XRP then you dont use ripple and you are in fact using a fork of ripple which makes this whole discussion absolutely pointless. In fact if your argument that banks would be using a ripple fork for their transactions it gives even more support that XRP price have zero resemblance to 1 or many banks interested in the ripple network since they would not be utilising XRP at all.
 
Arthur said:
You are a joke. Can't seem to write without sarcasm, exaggeration, and bile. Not worth engaging further.
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I respond to kids in a childlike manner.

You have no clue what you are trying to discuss and that is the problem I am having in responding to you.
 
John Tempus said:
Internet proof of concept testing is as close to actually using ripple as me stating right now that I am configuring an 2 way intranet to test ipv6. Zero real world effect.
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Terrible analogy. It is still a huge step into real world banking. Crypto is in it's infancy All it takes in the crypto trading world for something to take off is hype, resulting in huge short term huge profits for xrp holders. As we all know Ripple's $4 evaluation was mostly hype and speculation.

I can't stand what Ripple represents, but it just takes one positive leak about their partnership with Ripple and we are in big money, plus other big players in the sector will consider using Ripple. Moneygram is a sinking ship and they need Ripple as much as Ripple need them.

http://ir.moneygram.com/releasedetail.cfm?ReleaseID=1054088
 
I reckon it will recover to the $2 range for a while, but I will HODL. I think coinbase will add it at some stage and then it will go past its last ATH
 
I almost missed this.

John Tempus said:
You stated earlier that there is difference between the token(XRP) and the network(Ripple) , in parts it is true but also entirely wrong. The purpose of the current ripplenetwork is to transfer outside funds across the ripplenetwork using XRP and if you dont use XRP then you dont use ripple and you are in fact using a fork of ripple which makes this whole discussion absolutely pointless. In fact if your argument that banks would be using a ripple fork for their transactions it gives even more support that XRP price have zero resemblance to 1 or many banks interested in the ripple network since they would not be utilising XRP at all.
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Fork? Lol. Ripple has 3 main products and only one, xRapid, requires the use of the XRP token. None of the major bank 'partnerships' that were announced are used xRapid yet. They are testing/using the flagship product, xCurrent, which uses the Ripple blockchain for transferring funds within a few seconds, but doesn't require the use of the XRP for transferring funds at all.
 
Sensorei said:
I almost missed this.



Fork? Lol. Ripple has 3 main products and only one, xRapid, requires the use of the XRP token. None of the major bank 'partnerships' that were announced are used xRapid yet. They are testing/using the flagship product, xCurrent, which uses the Ripple blockchain for transferring funds within a few seconds, but doesn't require the use of the XRP for transferring funds at all.
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True, and that is explained quite extensively in Ripple forums.
 
did you guys also see that spike to R40? so weird.. jumped then poof!! down again
 
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