Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
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that'd be 3.5M...man I've been on google calculator @ least 10x a day for the last few days playing w/ different variations/scenarios
me too...im think ima get at least 300-500k ripple and just go from there; fuck it; ive spent more this past year on dumb shit so a few racks wont hurt me...and if it gets to $1 dollar ive still made good money...
ya that's how I justify it...so far I've spent what I would've on 2 pairs of jordans...plus this is a 3-5 year investment (I hope)...so that $$$ spent stretches out over 36+ months...shit is less $$$ than HBO GO
I hadnt seen this article before; but maybe someone has already posted it; its old but I just thought it was interesting...
http://www.cnbc.com/2016/09/15/goog...-ripple-raises-55-million-from-big-banks.html
Google-backed blockchain start-up Ripple raises $55 million from big banks
Arjun Kharpal | @ArjunKharpal
Thursday, 15 Sep 2016 | 9:23 AM ETCNBC.com
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Ripple, a Google-backed start-up that uses blockchain technology to settle financial transactions between some of the world's biggest banks, has raised $55 million.
The latest finance round involves Standard Chartered, Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank, and Japan's SBI Holdings. Additional investors include Santander Innoventures, the venture units of CME Group and Seagate Technology, and Venture 51.
The latest funding round has brought some large strategic corporate partners onboard with its existing base of investors which include GV, Google's venture arm, Andressen Horowitz, IDG Capital Partners, and AME Cloud Ventures.
To date, the company has raised over $93 million in total funding.
Ripple's focus is on providing this technology to banks looking to make cross-border payments more efficient.
At the moment, an international payment may take a few days to make with a very high cost. Ripple said that its technology could give banks a 33 percent reduction in their operating costs during this process and allow lenders to move money "in seconds".
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A headache for banks is high-volume, but low-value, transactions - the kind that Facebook might pay out to app makers for example. These can often be expensive and not profitable for the banks because it takes a lot of effort to move the money and the percentage cut won't be as high as for a larger transaction. Ripple says that it can potentially make these transactions profitable.
The start-up is currently working with 15 of the top 50 global banks including UBS and Santander.
Expansion
Chris Larsen, the chief executive of Ripple, said the company was investing the fresh funds in global expansion.
"We have been expanding our office locations. We want to continue that and grow those teams, we want to be hiring so we can have engineers on the ground with local banking partners as you have to get in there with the banks to make sure you have a complete solution and make things as easy as possible," Larsen told CNBC in a phone interview.
The company recently opened an office in Luxemburg and is considering Singapore and Frankfurt as the next locations.
Blockchain - which is the basis for Ripple's technology - works like a huge, decentralized ledger for the digital currency bitcoin which records every transaction and stores this information on a global network so it cannot be tampered with. It's this technology that banks feel can be utilized in areas from remittances to securities exchanges.
In the future, Larsen said that as an increasing number of devices come online in the so-called "Internet of Things", micropayments could rise. This is where Ripple could take advantage.
"With a connected device a hundredth of a penny might need to be sent, that can't happen today. But we are working to make that happen and it opens up a new field of services and revenue for the banks," Larsen said.
Experts said that blockchain could have a cost-cutting impact on many parts of a bank's business. A report from analyst firm Juniper Research claimed "in areas such as transaction settlement, the introduction of a blockchain-based system would substantially reduce both the risk of error and the time taken for error checking", but cautioned that the technology needs to be secure.
"While blockchain technology offers the potential for increased speed, transparency and security across an array of verticals, there has to be rigorous and robust roadtesting in each unique use case before any decision is taken," Windsor Holden, analyst at Juniper Research, wrote in a report last month.
Acquisitions ahead?
Ripple's fresh funds have also given the company ammunition for acquisitions. The slower funding environment for start-ups seen towards the end of 2015 and at the beginning of 2016, has given the start-up an opportunity to keen an eye out for acquisitions.
"We do think there will be opportunities especially with the change of tone of what's getting funded and not. There will be really good companies that can't get to the next round and might be better for them to be bought out. We will look at opportunities about what we can integrate with our business," Larsen said.
Purely for the verification process. It runs more smoothly on the app in comparison to the site.
Ok cool; so after the download; do I log in as the same user or create a different account?
Same user. Same everything
Shit me too. I know I spent 18k on travel last year along.. hell I even made delta gold status but had the miles for platinum just didn't spend enough money on flights for that status
I bought Ethereum through coinbase today
Can somebody give me a quick rundown on where and how to buy this shit?
I admit, I'm too tired to read thru all these pages tonight.
I admit, I'm too tired to read thru all these pages tonight.
I thought about it earlier on in this thread...and it's still a good purchase to invest it...but @ $10 I don't have enough play $$$ to mess w/ it...I'm stick w/ ripple for the long haul for better or for worse...plus some did predict there would be an attack on ripple to damage its perception then when ppl sell it off and the price drops lower they scoop it up
also the article he quoted was from may 2016...yet in sept. he made this post...
the smart play if you have the $$$ is to spread it around...here is a link tho to what is arguably the "best" cryptocurrency to invest in including XRP and ETH...
Well ETH has a better platform than Bitcoin. You can BUILD on it and the potential is pretty much limitless. Some feel $10 is still cheap for ETH
and it will go much much higher. It's all still a risk though
There's three I want to get into XRP, ETH and FCT
All of this is still an infant market so there's a lot of opportunity to G Off on shit
shit I agree
I think I've seen SWIFT on a few online transaction pages. Similar to PayPal going from what I remember. Will research nonetheless.
I took your advice and went to a bitcoin ATM. it WAS easy but they try to rape you with the fees. bitcoins were trading for 829 per but the ATM was selling for 985.
No doubt.
But use that coinradar to search for different bitcoin ATMs in your area and see which ones are selling closest to what bitcoins are trading at.
How would you invest in ETH I see it's on coinbase for about 10 per...
I figure since I'm staring to invest I might as well spread it around like I typically do on the roulette wheel and hope one pops..
I just signed up for coinbase
and bought $50 worth for now. It was 5.15 ETH
My account was at 49.75 cause of the fee
Just a few hours later it's up over $50 now cause it moved
I've been reading about Ethereum.
I read something about the servers being hacked last year & millions of eth being lost.....or some shit like that
I have been seeing a lot of mixed opinions on the future of ethereum
And for the past few weeks the price has been steadily dropping, probably because people dont trust it right now
I read something about the servers being hacked last year & millions of eth being lost.....or some shit like that
I have been seeing a lot of mixed opinions on the future of ethereum
And for the past few weeks the price has been steadily dropping, probably because people dont trust it right now
ya man...y'all got me thinking more seriously about ETH now...I might set up something where maybe I invest $50/100 a month...I need it to stay @ that $10 range for a minute tho
On a side note...
Has anyone seen or heard from that BGOL member who first told us about Bitcoin
I forgot his name
I'm curious of what he thinks about the future of Ripple
You mean Malaki?
he ain't log back on since
That motherfucker probably so rich he ain't got time for this crusty site
He on a yacht with 10 exotic bitches
He probably on some shit like this
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