XRPHODOR? "3 BIG PROBLEMS RIPPLE INVESTORS CAN NO LONGER IGNORE"

[xrphokay]

Hey XRPHODOR or anybody on here, 

Do you have any words of wisdom on this article? Thanks!

http://bitcoinist.com/3-problems-ripple-investors-cant-ignore/

 

[XRPHdlr]

@Hodor I think he means you 

[SamK]

30 minutes ago, xrphokay said:

Hey XRPHODOR or anybody on here, 

Do you have any words of wisdom on this article? Thanks!

http://bitcoinist.com/3-problems-ripple-investors-cant-ignore/

 

The clue is in the first paragraph - "according to Weiss Ratings"

[Benchmark]

Here are the three "problems" for anyone not wanting to go to the website;

Quote

First, the parent company Ripple is relying heavily on making deals with banks and financial institutions, helping them “tokenize” their fiat to cut costs and time by transacting via the Ripple protocol.

But the Ripple network is merely a transfer vehicle, used to transact from fiat to Ripple and back to fiat. What’s more, banks are not even obligated to use the XRP token for these transactions at all, notes Villaverde. 

[..]

Second, since Ripple is not a public company—and XRP tokens are not shares—the owners of these digital tokens are not entitled to the company’s potential profits. One can even think of XRP tokens as merely “demo” digital tokens to woo banks. That’s it.

[..]

Perhaps one of the biggest challenges facing Ripple is that it is, in fact, a centralized company that’s much less resistant to regulatory clampdowns, unlike Bitcoin. Therefore, it would take “a lot less than it would take to forbid decentralized currencies,” Villaverde notes.

[..]

So even though global networks like SWIFT may be technologically inferior to RippleNet, for example, the XRP token would simply not be needed because supranational institutions and governments certainly will —and some already are — issue their own tokens to maintain full control over their monetary systems.

Bitcoin, on the other hand, is an apolitical, open-access decentralized protocol whose unit of account (BTC) is an inexorable part of its blockchain, the most secure and censorship-resistant public ledger in the world today. 

1) When all banks have their tokens, you need an intermediate token to exchange between all of them (much like all different fiats), that's XRP

2) Non sequitur or just completely irrelevant. Who bought XRP to get Ripple's profits? Nobody. 

3) Yes, a company that is working actively to have more regulation and is prepared for it, is susceptible to regulation, whilst the cryptocoin Bitcoin that is being used by all sorts of criminals, is not.

4) Bitcoin is not needed in the world of blockchain.

[Understandsimplicity]

14 minutes ago, xrphokay said:

Hey XRPHODOR or anybody on here, 

Do you have any words of wisdom on this article? Thanks!

http://bitcoinist.com/3-problems-ripple-investors-cant-ignore/

 

Hey,

First of all welcome to xrp chat. There are so many things wrong with the article you posted, I don't even know where to start, and I just started yesterday... The 3 problems in your article, not to mention, you pulled some xrp and ripple related article from a bitcoin site... (smh) first mistake, but I'll indulge:

1. M. Villaverde, editor at Weiss Ratings "banks are not even obligated to use the XRP token for these transactions at all, notes Villaverde" (not a credible ratings company by the way)

2. "since Ripple is not a public company—and XRP tokens are not shares"

3. the "Glaring problem" a centralized company that’s much less resistant to regulatory clampdowns

 

Just from a quick search, safe to say that I'll be mentioning the monumental support and research in this forum, the answers to these problems are as follows:

1. http://galgitron.net/Post/Heres-how-and-why-XRP-will-be-used-by-banks

2.  ttps://www.reddit.com/r/Ripple/comments/71yhzf/shouldnt_ripple_be_traded_as_a_stock_rather_than/

3. https://ripple.com/insights/ripple-supports-efforts-drive-thoughtful-regulation/

 

To summarize:

 - I wouldn't waste time with random articles from bitcoin sites, that are clearly biased towards bitcoin.

 - Weiss and his "independent" super-formula-rating system are just plain... (smh)

 - take a look at Ripple's insights: FAQ 2017 Top insights etc.; most of the FUD has already be debunked there

 

Again, welcome to xrp chat.

          - Tripple Ripple -

 

[Hodor]

2 hours ago, XRPHdlr said:

@Hodor I think he means you 

I think @Understandsimplicity said it best actually!  All this stuff is the standard FUD you hear from Bitcoin investors / bagholders / POW miners.  They feel seriously threatened after December and January, and they should be. 

So what can they do?  They refer to a disgraced rating agency that rated XRP the same as DOGE.  I don't think anybody in crypto takes them seriously after that mess. 

 

 

1 hour ago, Understandsimplicity said:

To summarize:

 - I wouldn't waste time with random articles from bitcoin sites, that are clearly biased towards bitcoin.

 - Weiss and his "independent" super-formula-rating system are just plain... (smh)

 - take a look at Ripple's insights: FAQ 2017 Top insights etc.; most of the FUD has already be debunked there

 

Again, welcome to xrp chat.

 

[FUD]

?

[Zerponaut]

Without wanting to waste time reading the article, I'd offer a guess the first hint of something wrong with it is in the URL.

Thanks @Benchmark for saving my brain cells with the summary.

[XRPisVELOCITY]

Number 3

Search function actually works.

https://www.xrpchat.com/topic/21435-xrp-fud/?tab=comments#comment-310930

https://www.xrpchat.com/topic/21437-3-big-problems-ripple-investors-can-no-longer-ignore/