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    Ripple Daily Ripple/XRP Discussion Thread 11/28/17

    November 28, 2017

    Ripple Daily Ripple/XRP Discussion Thread 11/28/17

    Daily Ripple/XRP Discussion Thread 11/28/17

    Posted: 28 Nov 2017 12:11 AM PST

    Hello! It's Tuesday. Welcome to our daily discussion thread. Put your commentary in here.

    We'll probably add more to the body of these threads, but for now, just go read the rules: https://www.reddit.com/r/Ripple/wiki/rules

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    Michael Arrington raising $100 million for a crypto hedge fund - will require partners to invest using $XRP

    Posted: 28 Nov 2017 12:50 PM PST

    Woah!

    Posted: 28 Nov 2017 03:40 PM PST

    Michael Arrington Has a New $100 Million Hedge Fund That Will Be Valued in Ripple's XRP

    Posted: 28 Nov 2017 01:12 PM PST

    Fortune Magazine - XRP now the 'go to digital currency' of a 100 million dollar Hedge Fund!

    Posted: 28 Nov 2017 03:41 PM PST

    To all those Ripple haters that love to say "XRP is not a crypto currency", news flash, yes it is, and no reason why it can't be a store of value too! Apparently, we were right all along!

    http://fortune.com/2017/11/28/arrington-xrp/?utm_campaign=fortunemagazine&utm_source=twitter.com&utm_medium=social&xid=soc_socialflow_twitter_FORTUNE

    submitted by /u/ripcurldog
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    XRP denominated hedge fund

    Posted: 28 Nov 2017 12:53 PM PST

    Oh no

    Posted: 28 Nov 2017 03:27 PM PST

    So, we are currently rocketing toward $0.30...

    Posted: 28 Nov 2017 03:22 PM PST

    $0.2937 at the moment! I'm surprised to get on here and not see a single moon/lambo thread.

    Let's see if XRP can break through!

    submitted by /u/sevans711
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    @Ripple: "I'm more excited about this industry than web 2.0" -- .@arrington discussing his new XRP crypto fund at #ConsensusInvest2017

    Posted: 28 Nov 2017 01:09 PM PST

    TechCrunch Founder Michael Arrington starting a $100 Million Ripple Hedge Fund that only accepts XRP

    Posted: 28 Nov 2017 02:38 PM PST

    MFW When I F5 and see XRP closing in on .30!

    Posted: 28 Nov 2017 04:28 PM PST

    @Ripple: RT @coindesk: TechCrunch founder Michael @Arrington announces $100m crypto fund aimed exclusively at XRP. "If you want to invest in the fund you need to give us XRP." https://t.co/odT4RI0CtE

    Posted: 28 Nov 2017 01:29 PM PST

    Vote For Ripple! XRP In Best Hold of 2018 Poll!

    Posted: 28 Nov 2017 03:32 PM PST

    One more exchange

    Posted: 28 Nov 2017 04:55 PM PST

    Brad is excited

    Posted: 28 Nov 2017 01:34 PM PST

    Axis Bank Launches Global, Real-Time Payment Service With Ripple

    Posted: 28 Nov 2017 02:02 PM PST

    Thought it'd hit 0.30 by end of year, not tonight....

    Posted: 28 Nov 2017 03:59 PM PST

    Let's break resistance wall $.30 then smooth entry $.40. Why ripple most undervalued coin in the market.

    Posted: 28 Nov 2017 04:34 PM PST

    Just want to take a moment and thank ripple the company

    Posted: 28 Nov 2017 03:29 PM PST

    Honestly, who knows where the price will be in 24 hours or 72 hours. But seeing people buy with really no news then seeing it rise with news. I dunno this is awesome. All this is brought to us by the Ripple Team. Its going, take a deep whiff in and enjoy whats going on in the space, its all because of the Ripple team dedicating themselves to expanding and not hyping. I think were going to break .30 by the weekend and to be honest thats crazy. There is going to be alot of FOMO going on.

    submitted by /u/NorthernCanadianGame
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    Imagine if Ripple announces the lock up now

    Posted: 28 Nov 2017 04:15 PM PST

    How much do you think the price will go up? It's crazy!

    submitted by /u/ericalow21
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    Circle to Launch Cryptocurrency Investment App in 2018

    Posted: 28 Nov 2017 12:07 PM PST

    Ripple haters 101: Food for thoughts

    Posted: 27 Nov 2017 09:43 PM PST

    Long time lurker here. Created this account because I was tired of all the lies and FUD about Ripple and wanted to bring back some truth to counter balance the lies. I'm invested in other coins too, but all this hate towards Ripple is just annoying. Instead of doing nothing and letting them do their things I decided I had enough and wanted to help clear some noise. Just doing my part for the community to fight these toxic trolls. I'm not a damn shill, I'm not paid to write this stuff and said it already: you can call me whatever you want if it makes you feel good.

    This post first started out as a reply to a comment from someone about the « get me rich quick » impatient kids complaining on every social media platform of the ripple price not going up fast enough. It was wayyyyy too long (and still is! Haha!), so I deleted it. Instead I decided to create my own post and add a few things here and there to take the time to explain some things more clearly. It's not perfect but hey, if it helps at least one person to understand where all this hate is coming from and how much pointless it is, my job is done.

    Here it goes, I hope you enjoy it (haters gonna hate I know, it's ok, let's have a conversation below or just downvote me, I don't care):

    Are those people complaining about the current price really "get me rich quick" impatient kids, or are they only fudsters and trolls? There is an army of ripple haters out there, I'll try to explain where they are coming from.

    Did you watch the "banking on bitcoin" documentary? I heard of it before but never really took the time to watch. I just did when someone mentionned Benjamin Lawsky was in it and it's very eye opening, it helps to put things in perspective.

    There is a whole community of people who believe Bitcoin is the solution to the banking system flaws. Wether it is true or not is questionnable, the evolution of Bitcoin has it's own flaws too, but there are a lot of cypher punks, crypto anarchist or whatever you want to call them who believe hard as a rock the original narrative that Bitcoin is a kind a messiah coming to save us from the evil banks. At least that's the narrative they want us to believe. They've been here for a while now. They hate the banks, they just want to destroy and replace them.

    Some of those cypher punks were working on cryptography before the 2008 financial crisis, but it's the crisis that revived the idea of using cryptography to create a decentralized system of exchange to eliminate the middle man (the banks) and replace the actual banking system from which this whole crisis emerged. This is where Bitcoin is coming from.

    Satoshi Nakamoto (whoever he really is) was a part of this community and he got inspired by other projects to create the Bitcoin white paper. He got help from the cypher punks community to put it together and code it. And we all know what's next: Bitcoin was born. The idea of bypassing or just destroying the banks is deeply encrusted in the Bitcoin community from it's very beginning.

    Later matured other projects inspired by this blockchain technology. Here comes Ripple and XRP, which is based on the same blockchain technology, but to actually help the banks get more efficient.

    It's all really hard to accept for this community of cypher punks and crypto anarchists who want to destroy banks in first place.

    You see, Ripple is considered from it's beginning as the enemy by this community because they are working with the banks they want to destroy. They think we are in some kind of war between the good people and the evil banks (as if everything is just black or white) and that Ripple must therefore disappear with the banks they are helping.

    They will do whatever they can to discredit Ripple. That includes spreading false rumours, lies, misconceptions or all kinds of FUD (fear, uncertainty and doubt) and even acting as discouraged "get me rich quick" kids on every social media platform to convince other people it's not worth investing in it. There are probably even a few people who made some nice money on bitcoin who are now paying fake social media accounts to spread this FUD or are literally trying to manipulate the price down on the markets (and why not later accuse Ripple of keeping the price down if it serves the cause!).

    The war must go on you know!

    Some new people coming into crypto see this and understand it's "cool" to hate ripple and fight the banks. Everybody is doing it, so they join the bandwagon to perpetuate those lies and misconceptions further. Fortunately there are also other people who actually do their own research and can use their own judgement to see the actual potential of this technology beyond all the FUD.

    Unfortunately, some crypto anarchists don't seem to realize Bitcoin is not exactly becoming what it was intended. Things are not always what they seem. The original idea expressed in Satoshi's white paper is slowly fading away. It's not as decentralized as what they want us to believe. There are a few people making a lot of money with Bitcoin and they are controlling the fate of the protocol. It was all clear with all the latest forks and the so called "new york agreement" meeting behind closed doors.

    How is it any different from the banks? It's just different people in different positions of power.

    Personal interests and greed always come into play. Some influential people want to push the evolution of the Bitcoin protocol in a particular direction while others disagree because their interest is aligned otherwise, for the good reasons or not. It's just human nature (often only greed).

    Mining is getting more and more centralized in a few big mining facilities, it is consuming an awful amount of energy and will only get worse. The original idea behind bitcoin as a decentralized means of exchange between people, with low fees, is sinking deeper and deeper, being replaced by the idea it is a good store of value (and a very speculative one for sure). But some people following them are so blinded by the original utopian promises and idea behind Bitcoin that they don't see it's flaws. Sometimes you have to let go and accept reality is changing around you and take the blinders off.

    There are also speculators and manipulators in the crypto markets, who simply want to profit from the volatility of any coin and don't really care about the ideology behind it all. So they join the bandwagon too, they do their part to spread lies and FUD in other crypto's communities to convince people to invest somewhere else (of course in the project they are already invested in).

    Creating false anticipation to pump the price, then doing the opposite once they sold to scare other people and create another dump to buy back lower is also all part of their « techniques ».

    Some people are repeating those lies and FUD over and over, maybe without even knowing they are being manipulated by big players. It gets harder to see through all the lies for newcomers.

    Sometimes you have to take a few steps back to put things in perspective. Isn't it evil to spread lies and FUD, manipulating other people's perception to mislead them? Is it really any better than the evil banks these crypto anarchists are supposedly fighting against? Is it the better world they are trying to build, by fighting each other by any means including lies, just to gain control? Does the end really justify the means? Do they even care?

    These people are getting so much toxic for cryptos in general, I sometimes silently wish Bitcoin (or the other projects these trolls are coming from) could die so we could all move along peacefully with other projects. Because it's not only Ripple that is under these attacks. But will it ever change? Is it any different in the stock market?

    You have to understand all this background when you read all the FUD comments. Sometimes it's laughable to read all the same stupid arguments being destroyed again and again, but yet they keep coming back, hoping to influence some more uninformed people.

    Let's be real: the banks are not going away anytime soon, the Bitcoin protocol is not perfect and it's not the only use case for blockchain technology. Other use cases will come to fruition in the future and some of them will work with the banks, yes. Why fight this? There is room for everyone in this whole new market. But I knoooow, they just want to destroy the banks. Good luck with that. You know just like me the banks control everything in this world right now. And it's not all black or white. Banks have a purpose in the real world.

    Why not trying to reform the existing banking system and correct what you don't like one step at a time instead of trying so hard to destroy it all and replace it with the first "solution" proposed that is not necessarily much better? The banks don't have to die, Bitcoin and the banks can co-exist, so does all the other major crypto projects out there with a real world use case. Why don't they simply let people decide what they want to use or invest in without manipulation?

    If they believe in something, why not just work for it to make it prosper in a positive manner and stop manipulating other people's perception against other projects to rise above them.

    They don't like the facts it is premined or working with the banks? They think the banks won't use XRP once the Ripple software network will be implemented? I don't. But that's fine, I can understand all their fears and they are free to believe whatever they want in this free world. I also thought about it all before investing, but after all, nothing stops me to also invest in bitcoin if I want to, just for the cause or because I do believe in it's future. But as long as banks exist why not invest in something they will probably use until Bitcoin changes everything as promised. I know, it's all about principles. I'm such a whore!! If everybody could stick to their principles what a wonderful world we would be living in, right?

    I try not to let too much emotions get in the way of my investments. I think Ripple and XRP hold an immense potential. I guess we all are in the crypto market for different reasons. I respect their dedication to the original Bitcoin idea, but it's not given to everyone to blindly believe a changing narrative or approve something that's openly intended to destroy a big part of the society without any global plan to save us from all the chaos it would create. But I guess they have a plan, right? This community can't even get along together, what kind of a mess would it drive us all in if they actually do destroy banks.

    Sometimes a little centralization and leadership helps get things done, you know.

    All projects have their own strengths and flaws, but why not invest in more than one? Why all the hate?

    Let's put that in perspective, it's a little like yelling at people in a burger king enjoying their burgers just because you decided to become vegan. Just because you believe in the virtues of vegetables and that you may be just right (or not), it doesn't give you legitimacy to go out judging other people, even less in their own « community » if we relate this to social medias hate comments. If you like veggies that's fine, I like 'em too. Just stop the hate and FUD and pure lies. Preach for your solution if you really think it is better, other people can probably understand that too.

    After all, if the Bitcoin concept is really the best solution to everything, why the need to spread lies and FUD to discredit others? Isn't their own project strong enough, why the cheap shots at others? Won't it take over the financial system all by itself if it's so much better for humanity? Or is it just utopia being sold to the masses and they must perpetuate those lies to blind the few people they want to profit from, when they are ready to cash out? Just like any other Ponzi?

    Now don't get me wrong, I'm not necessarily a big fan of banks, fractional reserve system, the FED, the creation of money out of thin air by private entities and the need to pay interest on it, the 1% and all the other inequities around the world. But I am realist and I sure understand the banks control just about everything and even if they are not perfect, they serve a purpose in this world. If you can't beat them, join them. We all could just make some profits by playing their own games and do whatever we want with this money to actually make a real change around us (if what you REALLY want is to build a better world).

    I can't wait for all the bitcoin millionaires to actually use their mountains of money to help humanity. Are they? Or are they just slowly becoming the new 1% they are so critical about? Aren't the big miners, exchange owners, whales or day traders just the equivalent of the old system under a different name? Why can't they see it too? What are they really fighting about?

    I'm afraid the rabbit hole goes way deeper than some people think.

    I'm not a big fan of Bitcoin, not because I don't like the idea at it's core. I do. I really, really, really like the idea of decentralization but I don't even believe this is really what we are getting. I think it's more like a mirage being sold to us. So this whole war they are waging is pointless. Like I mentioned above, it's just different people in different positions of power who control the protocol and by extension the people investing in it.

    And I don't want to be associated with a toxic anarchists community spreading lies and FUD around to discredit other projects or promote the destruction of the established order. I know it's kind of romantic all this David vs Goliath thing, but be real... There exist institutions, laws and regulations for a reason in the real world. Corruption is the problem we should be fighting. Banks do serve a purpose in the grand scheme of things. If you want to buy a house, at least for now a bank can be really useful... I guess we will have a decentralized blockchain based lending system in the future but will you approve it if it's a new kind of banking system profiting only a few people? Who will be able to lend money if not people already rich enough? Will it be fair enough for your principles if only people with money can make more money? So much questions I know...

    I just prefer putting my money behind a project that can navigate between the existing rules and regulations, collaborate with existing institutions instead of fighting the whole system.

    It's not a zero-sum game. There can be many projects coexisting and the Ripple's interledger protocol is building bridges between each other's cryptos and the real world banks. They also have a solid team with influential people, doing the PR job in the real world to help get the blockchain technology more mainstream or adopted. We should all be thankful for that. Stop the hate.

    I don't think Bitcoin is the solution to everything in it's actual form. I think it is stuck in perpetual conflict within it's own community to keep it evolving and this toxicity is spreading to other communities like cancer. Why don't they just clear their own problems before going in other project's communities to spread FUD? Their time and energy could actually serve a better purpose and the whole community would be thankful.

    So... enough said. Sorry for the long post, but a few things had to be explained to put things back in perspective for some people.

    Wether it's cypher punks, crypto anarchists (conscious of the big picture or not), or just speculators and market manipulators, a lot of people will continue to spread FUD on ripple's back. Mostly because « 'muh they work with the baaaanks!! ». To all the ripple supporters: Get used to it. While they are busy fighting reality and how this world works, we can just be part of the future internet of value. It's fine, to each their own! When you understand the games being played, all this hypocrisy and shortsightedness becomes laughable.

    What's great is that one day, if all goes according to plan for Ripple and XRP, all of this won't matter much. Their FUD attempts won't have any effect on XRP when it will be used as intended at it's full potential once the Ripple network is implemented everywhere. That's the high risk gamble I am invested in: Real world widespread adoption. And yes, I believe it's coming. The future is already here.

    xrpthestandard ;)

    Thanks for reading!

    TLDR: this post is long on purpose to really take the time to explain a few things, if you can't take a few minutes of your precious time to read it, just too bad, move along. ;)

    Edit: typo

    Edit 2: Oh! Thanks for the gold!!

    submitted by /u/Mimomizzz22
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    New to Crypto, but 100% XRP!

    Posted: 28 Nov 2017 07:04 PM PST

    So it was about two months ago, I first started eyeballing cryptocurrency, and my first thoughts were "damn... there is some money to be made here!" Initially I did not invest though, I researched, I watched the markets, and some coins grew on me more than others. Then, I found Ripple XRP. I am currently 100% all in XRP, only holding 1000XRP, but every paycheck no matter what price it is at, I am dumping more and more into this. Yes, I will enjoy a payday sometime in the future, but it also feels good to be putting my money into such an awesome project. Also, first time posting in this subreddit, but you guys are awesome. I come here everyday and checking for updates.

    submitted by /u/FreedomsVoice13
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    Addressing XRP skeptics in a Q&A session

    Posted: 28 Nov 2017 06:57 AM PST

    Is XLM a real threat to XRP?

    Posted: 28 Nov 2017 09:28 PM PST

    I genuinely am curious, because I am all in on XRP and actually bought 4,000 more today. But I've seen XLM jump 67% today, and it kind of made me nervous because I had considered investing in lumens instead. The partnerships seem so strong with Ripple though, AMEX and UBS are some big boy names. Do Lumens have a chance to overtake?

    submitted by /u/PawneeParksDept
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    Bought my first ever cryptocurrency - XRP

    Posted: 28 Nov 2017 06:00 AM PST

    Yey! Just bought around 2700 XRP. Being a equity / forex market investor trader, I have always distanced myself from Cryptos as they scare me and I was unfamiliar with them. Researched bitcoins and ETH, while the technology sounds like something to stay, I wasnt really interested to buy them. However, after bitcoins surges past 8k, I decided to get out of my comfort zone and do serious researching. XRP (ripple) strikes really well with me, its values, technologies etc, and it is the only time I really wanted to take part in cryptos. Here I am with you guys, and I am here to stay! However, I used Bitstamp to puchase XRP (debit card), and my value was immediately down by 5%. Are the fees that high(yes I didnt research about the fees thoroughly)?

    submitted by /u/Karro88
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