Official BGOL Crypto Currency Thread ★★★★★

Based off an manuscript by someone who has never been photographed or has known to have lived. Might as well say it was created by Jesus.

None of it really matters to me. Just let me get some bread. I am gonna trust my gut

But @Spectrum yeah I know how krp works but I also know the power off these banks. Banks control all the fiat currency and will get their greedy asses in the crypto game as well.


exactly. shit my money already in the damn bank. Also if they were fucking using xrp along with the ripple system I would have been on xrp to make way more money but the fucking wire transfer took days and days plus the high fees. I need XRP in my life!!!

Look I get with the purist are saying and I salute them from trying to break away from the system, but I am a black man. The system has fucked my culture every which way and those same people didn't cry for me so guess what, I wan't to be just like my fucking avatar. Richard Pryor once said "they had gangs, I was in everyone one of them, whichever one was winning "that's my side."

So basically I am through fighting battles not gonna fight a battle about what currency represents what when the currency I currently use in my daily life has represented nothing but ill will towards my people. FUCK ALL THAT. But I understand their arguments about the bitcoin vs xrp and what they represent.

"Whichever one is winning, that's my side."

Am I the only person who is using there debit card on Coinbase? All of my buys are instant.
 
Why Banks Will Use XRP Inside the Ripple Network and Not Their Own Currency

This is from a banker who's been in the industry for 30+ years. Financial instutions only care about profit and risk. Nothing else matters.


XRP is the native currency of the Ripple network that only exists within the Ripple system. Not dependent on any third party for redemption, XRP is the only currency in the Ripple network that does not entail counterparty risk and it is the only native digital asset on the Ripple network. Any other digital asset (non-XRP) existing on the Ripple network is a debt instrument (a liability) and exists in the form of a balance which entails counterparty risk. Eliminating this risk is why XRP will be adopted over any other digital asset.

A counterparty risk, also known as a default risk, is a risk that a counterparty will not pay as obligated. Financial institutions or other transaction counterparties may hedge, take out credit insurance or, require the posting of collateral. Offsetting counterparty risk is not always possible because of temporary liquidity issues. Counterparty risk increases due to positively correlated risk factors. Accounting for correlation between risk factors and counterparty default in risk management methodology is not trivial. XRP removes both the counterparty risk and the associated costs 100%.

The elimination of counterparty risk IS the reason why XRP will in fact be adopted by everyone who uses the Ripple network. Notice how Ripple (the company) has been focused on implementing their solution globally in the banking sector and not focusing on the promotion of XRP. Why? Because they don't have to. XRP is to the Ripple network as plasma is to the blood in the human body. Focus your attention on Ripple's ability to implement quickly and broadly across the globe and that will translate into XRP strength and growth.

You guys are using opinion pieces. I'm telling you it's a technical fact that you don't need XRP to run Ripple and some of the people in charge of implementations have already said they don't plan to use it.

Banks can and have generated their own IOUs and bypassed using ripple. It's actually one of the selling points that RIPPLE has been using when pitching banks :lol:

I'm not saying some banks won't use XRP. I'm telling you that is a matter of fact that they don't need to use XRP to run Ripple and use it as distributed payment network.

This guy is making an argument as to why he thinks banks will adopt..not that they have to. There is no argument against what i'm saying. it's a technical FACT that you don't need XRP to run Ripple as a distributed payment network.
 
You guys are using opinion pieces. I'm telling you it's a technical fact that you don't need XRP to run Ripple and some of the people in charge of implementations have already said they don't plan to use it.

Banks can and have generated their own IOUs and bypassed using ripple. It's actually one of the selling points that RIPPLE has been using when pitching banks :lol:

I'm not saying some banks won't use XRP. I'm telling you that is a matter of fact that they don't need to use XRP to run Ripple and use it as distributed payment network.

It's always been a fact that you don't need XRP to use the network. It doesn't mean it's a smart decision to not use it.
 
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It's always been a fact that you don't need XRP to use the network. It doesn't mean it's a smart decision to not use it.

You don't need to use XRP to use it as a distributed payment network and that's how they're going to use it. Market Makers are going to hold XRP (and Market Makers aren't banks). Banks can exchange in and out with their own IOUs. It will be MM+RCL. I read a CTO's blog post about how he was implementing it. Technically, there is no advantage of using XRP. Small banks will likely use it because they don't have the bandwidth to take on more control. Many larger banks will absolutely implement ripple without holding xrp BECAUSE IT WILL MAKE THE MOST SENSE NOT TO HOLD A VOLATILE CURRENCY IN RESERVE.

I'm telling you what they are already doing. I'm not speculating. And it's a technical and financial fact that you don't need to hold XRP leverage Ripple. And it would make the most sense for Banks specifically not to hold much in reserve and allow market makers to take the risk. I'll bet you anything that is exactly what's going to happen. Banks are not going to hold large Ripple reserves because they don't need to and against their business model to hold highly speculative currency. MMs will de-risk the system for them.

The real key is what role MMs play in the ecosystem.
 
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You don't need to use XRP to use it as a distributed payment network and that's how they're going to use it. Market Makers are going to hold XRP (and Market Makers aren't banks). Banks can exchange in and out with their own IOUs. It will be MM+RCL. I read a CTO's blog post about how he was implementing it. Technically, there is no advantage of using XRP. Small banks will likely use it because they don't have the bandwidth to take on more control. Many larger banks will absolutely implement ripple without ripple without holding xrp BECAUSE IT WILL MAKE THE MOST SENSE NOT TO HOLD A VOLATILE CURRENCY IN RESERVE.

My man, stop. After everything that's happened the last few weeks with XRP let's leave people with some kind of hope. If they want to believe XRP is essential to Ripples success, let them. My advice, find a coin you really really love and put 70% of your xrp in it.
 
Am I the only person who is using there debit card on Coinbase? All of my buys are instant.

Not instant when you move the BTC or Eth to another wallet. XRP moves faster. You can refresh your browser and xrp is in your account. Sometimes BTC takes 30 mins or more.
 
My man, stop. After everything that's happened the last few weeks with XRP let's leave people with some kind of hope. If they want to believe XRP is essential to Ripples success, let them. My advice, find a coin you really really love and put 70% of your xrp in it.

XRP is going to do well. I'm just explaining how it's decoupled. I'm not trying to convince anyone to sell. I still think it's going to grow it just way more decoupled from Ripple that people understand for the most part.
 
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spectrum....i still got 100k xrp. i fully understood what you were saying about xrp and ripple being associated but separate. im tryng to figure out what my next investment should be. i am spread pretty even...got everything in the portfolio but i need a come up. any suggestions fellas????
 
Naw. Multiple people had a relationship with him. That's how the project got handed it over once he mined it and knew it worked.

So says the preacher every Sunday. Yet we have not found a single grave site of anyone named in the Bible. But we can find dinosaur bones all the time.

Till I see him he/she/it does not exist. Now i ain't on a mission to find out either. This is all some make believe shit I just want to profit because people can. If there was no profit involved I would dismiss all of this shit.

Let's just figure out ways to navigate the system. If Satoshi is hiding behind the curtain like the wizard of oz or like I think something bigger in play. Doesn't really matter those were just my opinions.

But nobody has proof of this man's existence yet we choose too believe. Hence my Jesus reference.
 
Am I crazy to think about selling all my XRP and using that to get my HMQ. I mean I think the consensus is that HMQ high point will be higher than what XRP will see
 
So says the preacher every Sunday. Yet we have not found a single grave site of anyone named in the Bible. But we can find dinosaur bones all the time.

Till I see him he/she/it does not exist. Now i ain't on a mission to find out either. This is all some make believe shit I just want to profit because people can. If there was no profit involved I would dismiss all of this shit.

Let's just figure out ways to navigate the system. If Satoshi is hiding behind the curtain like the wizard of oz or like I think something bigger in play. Doesn't really matter those were just my opinions.

But nobody has proof of this man's existence yet we choose too believe. Hence my Jesus reference.

We on bgol don't have "proof" of your existence. It's quite fucking obvious you're a real person though. Satoshi didn't just appear out of nowhere and then disappear. he was a long-time contributing member of various tech communities. And the idea that an expert cryptographer would be able to hide his footprint is also obvious.

This isn't some silly as jesus story where there is literally no record. It's a bad example.
 
spectrum....i still got 100k xrp. i fully understood what you were saying about xrp and ripple being associated but separate. im tryng to figure out what my next investment should be. i am spread pretty even...got everything in the portfolio but i need a come up. any suggestions fellas????

It's always about opportunity cost. XRP may rise...but if you can find something that you're reasonably assured has better prospects, you should consider it. I'm not in on Humaniq but i've been watching it for a while and many members here have it.

I wouldn't be surprised if Humaniq did much better than XRP over the short-term... XRP is always batting that high market cap and float.
 
Am I crazy to think about selling all my XRP and using that to get my HMQ. I mean I think the consensus is that HMQ high point will be higher than what XRP will see
Of course it will be, it's almost there now and has a much lower supply. Now, as far as selling all of your XRP I cannot suggest that but most definitely sell some.
 
I wish there was a way to sticky the coin suggestions so that they floated over the thread at all times. Someone here mentioned Humaniq a long ass time ago.

Yeah and I missed it :angry::angry:. What do you think about the Status ICO? The team looks solid to me. They're not about the quick buck. They're even setting limits so whales don't take over their ICO. I downloaded their messenger though and I didn't like it.
 
Guys are sneaking in the backdoor
can't be too mad at that one. this is the 2nd time this coin is coming out it, like influx is getting a 2nd go round but the thing with this one is the team is finished with everything and now are pushing it out.

my only thing with this one is that the supply is limited right now but the max will be 100m which means the market cap on this coin would have to rise considerably in order to maintain that $50 price
reading around the early adopters believe it will.
 
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Not instant when you move the BTC or Eth to another wallet. XRP moves faster. You can refresh your browser and xrp is in your account. Sometimes BTC takes 30 mins or more.

I misread what you were saying. I took you statement about wire transfers to be about getting coins in your Coinbase account after making a payment from your bank.However, you are talking about cashing out (I guess). I haven't cashed out yet, but I really wouldn't care about the 3 days or week it would take. Once you make the sale, its not like its going to cost me more or I'm losing anything.

I'm more concerned about the about I can withdraw weekly. Last I checked, I was limited to 15000 a week from Coinbase.

If I do go between exchanges and I care about the speed, I use ETH or XRP
 
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