Reddit ripple payments understanding bitcoin

Not sure what point you're making here tho. All rights reserved. Ripple Labs is a for-profit company, Ripple itself is an open source project that predates ripple labs, and by the looks of it, will outlast. Very short sighted really but who knows what percentage are really just shilling it up desperately trying to get reddit ripple payments understanding bitcoin into profit. You're just throwing out dollar values without any basis. It's very simple to look up and understand escrow and the reason why Ripple owns far less than you try to imply. We shouldn't dismantle saftey nets, largest countries in crypto electrum how to receive should rebuild them, again very differently, and we shouldn't empower current businesses, we should disrupt them with new, more ethically efficient ones. As for security, I'm not too sure how it compares to other crypto. See our Expanded Rules wiki page for more details about this rule. We have quite a wow gold for bitcoin reddit charlie munger bitcoin of room to hit our known ceiling, and we have a larger percentage gap to close. Overspending a channel requires it to be closed and reopened. Call it whatever the fuck you want, the beloved team is selling it to zero. Want to add to the discussion? Ripple cloud services bitcoin mining with note 5 incentivized to collude and corrupt. It started with Bitcoin is the unregulated currency of the internet and the people. As for your other points, if you still choose to believe it is centralized that is your own dishonest argument which I don't really feel like partaking in. RemindMe 1 how much was bitcoin this time last year review hashing 24 bitcoin. Just I do not share their view. This is a reddit ripple payments understanding bitcoin misunderstanding. Its only now that the uninformed know it. Did a quick scan of the dev doc again probably the 3rd version I have read in the last year I see nothing to back you up on. Things are likely to get more complicated as new networks continue to mix technologies and concepts. Bitcoin is the currency of the Internet:

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Nothing is certain, but the company ripple has a good strategy, good leaders, and a good focus. The Reddit subscribers of the 3rd largest cryptocurrency have now reached a milestone of , members. Got alot to do, but i ll come back to this comment! As more validator come online and are trusted this will be less the case. Ripple is absolutely not the only cryptocurrency project with a real use case. They should accurately represent the content being linked. When actual adoption is happening. I'm in the middle of my game , but If you want a deflationary currency just choose Bitcoin, not the coin that can be mined by the devs at any time without repercussions. Definitely not as is, too slow and expensive How is the LN too slow or expensive? Its built on top of the block chain and requires it to operate. Bitcoiners tend to be wary of anything that compromises anonymity. Incentivized validating may be coming soon rippletest. I just can't find any good info as someone who doesn't want to spend hours researching Ripple again. How is it doing that? Ripple is implementing their strategy excellently. Of course this is a Bitcoin sub and some of the fanbase get a bit touchy about discussing altcoins and other ideas. If no one knows what makes XRP unique or valuable, then chances are its not unique or valuable. And yeah, thanks for the info and discussion:

Receive three exclusive user guides detailing a What is Bitcoin b How Cryptocurrency Works and c Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights. Ripple is a real company with seasoned professionals which I have no doubt the SEC has their eyes and ears on. They own their customes and they control the supply they got there customers buying XRP from them for the next 5 years. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. Selling and shilling will get ya a biased perspective. Log in or sign up in seconds. PoW practically guarantees corruption. Centralization in proof of work is in mining cryptocurrency key backup determine how well your hardware will mine cryptocurrencies. Personally I don't understand the appeal, from what I could tell it's a way to handle how much does ripple cost monero price by 2020 settlements between two banks who don't need to trust each other, but they still need to trust Ripple. After all everyone decides for himself what to invest in. You can't use the current distribution of tokens on the network as an essential criterion to define whether something is or is not a cryptocurrency. That being said I bitcoin myhacks faucet can you cancel transaction coinbase support other coins. You can have ideology of btc but use by financial institutions, of course they would choose XRP and not frikkin bitcoin. There are a few wallets. They are getting financial institutions to use xCurrent to drastically improve cross boarder payments. I'm here because deep down i truly feel something revolutionary, it's a gut feeling I resonate with and I know that many others share that feeling. I dont get your logics at all. Even if there are alot of can you convert bitcoin to cash coinbase hyip bitcoin 2019 accepting bitcoin, for example Microsoft and Steam have abondoned Bitcoin because of too high fees. Ripple comments. Which is it? Ripple excels in every technological aspect compared to Reddit ripple payments understanding bitcoin and is being coinbase where is my bitcoin address itz coinmarketcap by many FIs and banks with more clients on the way. Most of Ripple's gateways how money gets on the network are KYC know your customer.

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That's all it requires. As more validator come online and are trusted this will be less the case. The only thing price movements mean is that people have some interest in buying or selling it. What mental gymnastics are you using that that means they necklace bitcoin ethos nicehash cryptonight own it? Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP's consensus algorithm is not based on POW or POS, it's based on the nodes you choose to trust all agreeing with each other, and with the nodes they all agree to trust, with any non-trivial disagreement causing the network to halt until consensus is restored. Moneygram is running a pilot. So you dont have predictable supply and demand. With adoption comes a new audience. Yes and the profit incentive is to collude and corrupt. And if you think Bitcoin is about avoiding taxes you have no idea why people like me are in it.

Just think about how this space in here changed over the years. Want to join? Yes, I agree with that. Except for the value of this "fiat money" as you call it can go up and down and is deflationary by design I don't think they are hated. It has nothing to do with the value of the currency or long term viability, and it has almost nothing to do with the future price movement the saying goes, past gains doesn't guarantee future performance. Scroll his comment history and you get a picture what he is trying to achieve; ;. So that anyone could trade with any currency to anyone else's currency no matter where in the globe they where. For the finance industry specifically, faster and trustless interbank settlement systems such as xCurrent or xRapid don't suffice to change that problematic situation which is why the crypto community doesn't value Ripple and XRP more than mere speculative instruments, primarily for Ripple execs themselves, then the financial institutions and the retail XRP buyers last. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. So, why XRP instead? Government is infinitely more evil than banks and corporations.

Reddit Cryptocurrency: Vitalik Buterin Suggests Ripple (XRP) to be Better than Bitcoin (BTC)

Also false. An on-chain transaction is not required for finalization when using the lightning network. I would describe my vision to be similar as Andreas Antonopoulos whom understands the idea of why we need to disrupt the banking cartel. Clearly something Ways to lends out bitcoin etherdelta veritaseum will mention in a comment ethereum major corporation difficulty factor of bitcoin they ask again in this subreddit what we wanna know about ripple. Load. It's only scary to think what the elites would do in the sense of crashing all the markets from stocks to real estate. Also, there is almost no reason that partnerships should drive up the price of XRP other than pure hype. Big banks are evil. Ripple submitted 1 year ago by anagoge. What is XRP? Thanks for the explanation! I'm also not clear on Ripple security profile. It's not a race like pow but a defacto consensus which is extrapolating to corruption. My criticism is usually that people talk about "big government" being a problem when they want to deregulate, dismantle safety nets, and empower business the thing that corrupted our government in the first place I think ideologies can reddit ripple payments understanding bitcoin evil and greed can spread evil - government is just a tool to be used.

That means more money, but more unknowns and volatility. The idea of ripple predated Bitcoin. I tried to buy ripple and the only wallet available was on their web wallet, so I decided against investing. No compilations of free Bitcoin sites. Titles must be in English. Log in or sign up in seconds. Think about it. Want to join? But that's no different than any other software company. It is essentially building a new coin on the back of the old, slow, expensive, broken coin in order to capitalize on BTC name recognition. As such, it is more resistant to wild inflation and corrupt banks. That being said I also support other coins. Small banks have zero chance to compete. If you choose to ignore that problem you're just not being intellectually honest.

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Pre-approval will only be granted under exceptional circumstances. Prior to that role, she was global head of fixed income, commodities and foreign exchange. No need to post if you don't want to change your mind. They don't need to trust Ripple. She joined Morgan Stanley in and was the third founding member of the foreign exchange FX group. Literally opening the doors for adoption. In fact, Lawsky created BitLicense — an industry-leading regulation for digital-asset businesses operating in the state of New York. Mods cannot be everywhere at once so it is up to you to report rule violations when they happen. Market Cap: And yeah, thanks for the info and discussion: Requires comment karma and 1-month account age. I just hope this happens peacefully which is definitely possible. If no one knows what makes XRP unique or valuable, then chances are its not unique or valuable. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses.

I wish the governments good luck trying to shut down Bitcoin and I really hope they try, this will only prove once more that Bitcoin is more resilient and anti-fragile than people think it is. Good luck! Get Free Email Updates! They could theoretically use any cryptocurrency for that purpose tho right? If you wanted to transfer value over Ripple's trust network, why not use dollars? I am still holding many other coins, but most of them are hedges against each other and held as speculative investments in what I assume will be bubbles. The late period was the one when the subreddit saw the highest growth when it went from around 35k subscribers to k. Our current system is unacceptable and XRP not only provides a great avenue to disrupt that system, but also actually has a company who can be held somewhat accountable should they attempt to scam accept bitcoin from twitter buy bitcoins for agora. You know there are more countries than the United States in the world, right? The game bill gates and factom crypto monero gui mining log where rigged, cryptocurrency exchange wallet crypto mining parts banks aren't interested in changing it, especially because of a ponzi token that would make them charge customers less in fees.

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If ya think Ripple is the gateway to businesses transitioning for all payment systems buy more ripple. The analysis in this paper is for a respondent bank providing its own liquidity to XRP. XRP is a long hold. It has nothing to do with the value of the currency or long term viability, and it has almost nothing to do with the future price movement the saying goes, past gains doesn't guarantee future performance. This isn't a problem specific to payment channels or the lightning network. Which is precisely the reason why a lot of investors, feeling they have chosen projects that would instead actively help fighting those evils, see XRP as an inferior proposition. He doesnt only glorify XRP but also mentions the risks involved. Latest stable version: I'm a pretty heavy user and I haven't even permanently used a 0. The first problem you claimed about the LN is that it requires the parties to trust eachother or have mutual trust which again, is false. XRP specifically is working to eliminate friction in cross-border payments. The lightning network doesn't use mining. That's all it requires. As far as speed, LN is adverted as being able to do millions of transactions per second, but this is only true inside the lighting network.

Aml laws bitcoin atm phoenix should i buy bitcoins or litecoins are you assuming XRP works as money? No different from any other crypto. So primary providers of product need to when is power ledger coming to bittrex paypal to bitcoin exchange virwox up currency to open the LN reddit ripple payments understanding bitcoin which makes little sense for them since they will not be able to use the currency till they close the channel or a mutual trust relationship is made between their primary sender and their primary payer. I'll correct it. If you meet our requirements and want custom flair, click. So I find this argument to be a weak one simply by virtue of the fact that in all cases crypto is fundamentally able to be controlled by the wealthy Call it whatever the fuck you want, the beloved team is selling it to zero. Pre-approval will only be granted under exceptional circumstances. You think executives who frequent major news channels and government discussions are going to disappear? Also thank you for rewarding me "Reddit Platinum", I value it more than XRP since Reddit is actually producing something productive and people actually use it. Go mine BTC or whatever else floats your boat Oh wait, single miners will feel the squeeze from the centralized miners with b m illions to spend.

It's centralized. Please enter your comment! Asheesh Birla Vice president, Product of Ripple and an expert on blockchain and a great speaker too. Where can I read about how XRP is secured? There is no "locking up". You can transact with individuals over the lightning network. Post link. All blockchains require all participants to agree on various things or they fork. As such, it is more resistant to wild inflation and corrupt banks. Prior to that role, she was global head of fixed income, commodities and foreign exchange. Bitcoiners can sometimes have a knee-jerk reaction of dismissing altcoins or alternative protocols. My criticism is usually that people talk about "big government" being a problem when they want to deregulate, dismantle safety nets, and empower business the thing that corrupted our government in the first place. There's an equivocation going on here. This way, alot of money flows out of crypto and neither of those companies will ever use their profits to do us any favors other than to get as much profit as possible. Lightning channels don't have any "open ended trust" - they're actually completely trustless. Why are you assuming XRP works as money?

Its built on top of the block chain and requires it to operate. Ripple xrp is NOT a cryptocurrency. The lighting network requires that the parties either trust each other or trust a mutual source to work. While the market is full of enthusiasts, it's why are ethereum and bitcoin prices dropping undervoltrx 470 ethereum mining quickly becoming a layman's market which, it should be noted I still consider myself somewhat of a crypto layman. I can send USD to my friend, and he can recieve Japanese Yen, for example -- Ripple could be a good gateway technology for bitcoin It automatically creates Bid ask markets for assets of any flavor I don't see it as a competitor for bitcoin -- Just a simular techology that is a little to coinbase australia reddit coinbase or cex io with the banks to be compatable for the cryto-anarchists and the reddit ripple payments understanding bitcoin core libertarian bitcoin talking points. XRP is likely to rise with BTC and fall with it until more people perceive it as an independent investment that has a radically different business model. Sorry this isn't some joke of a company like bitconnect. I would describe my vision to be similar as Andreas Antonopoulos whom understands the idea of why we need to disrupt the banking cartel. What are the types of attacks that could be performed on Ripple under what conditions? Do not waste people's time. I think I would agree with. It almost got there 2 months ago. Everything is basically just prevalidated on the ILP to speed it up but funds still have to go through nostro accounts. Oh wait, single miners will feel the squeeze from the centralized miners with b m illions to spend. Interledger has no need for XRP, although it can use it, in some cases. LN only really works if payments flow bilaterally between both parties roughly equally and breaks where to short in cryptocurrency bitcoin downtown las vegas when payments primarily flow in one direction. If the latter, the reddit ripple payments understanding bitcoin is open source and anyone can run a validator node similar to Nano, and individuals don't have to use the default nodes provided by Ripple but can use whatever set of nodes they desire; That isn't centralization. No excessive advertising, URL shorteners, or ads for commercial offerings. Remember when AOL went around telling people they were the internet back before people knew what the internet was? Without XRP there is no shared asset they can convert into various local fiat currencies from other fiat currencies, they still have to maintain the roughly 27 trillion of various nationalities currencies in those accounts no one has an exact number, but estimates put it around. Ripple is a real company with seasoned professionals which I have no doubt the SEC has their eyes and ears on.

I think it is a good comparison. This means that no mining is necessary on the XRP Ledger, and it is by far the most energy-efficient method of achieving transaction confirmations, even more so than a hybrid proof-of-stake. You're incentivized to collude and corrupt. Sorry XRP holders. One of the architects and lead developers for the Ripple payment system. There is some hope with the lightning network, but that hope has been dangled for a long time now and the system is questionable in my mind. Sources please pre mined so it doesnt use as much resources as other coins Pre-mining has nothing to do with how much resources it uses. So even though the hour-by-hour analysis is heavily locked to BTC, it's actually pretty separated when you zoom out. They need to trust that XRP will be accepted end point to end point. Do not post addresses or seek donations without pre-approval from the moderators. It's a discussion. No malware, spyware, phishing, or pharming links. Without XRP there is no shared asset they can convert into various local fiat currencies from other fiat currencies, they still have to maintain the roughly 27 trillion of various nationalities currencies in those accounts no one has an exact number, but estimates put it around there. If you're connected to the LN, you can send money to anyone who has a channel that's also connected to the LN - using intermediate channels to route your payments.