3 Big Problems Ripple Investors can no Longer Ignore

[Aneikei]

If this is true it's a good point - 

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. He states:

In fact, a whole new set of tokens will be issued for each fiat currency, much like gold trusts or funds issue shares of gold. This process, called ‘tokenizing,’ bypasses the need to use the XRP token in the first place.

In other words, investors FOMO-ing into buying up XRP tokens upon every partnership announcementfrom Ripple could be left holding some hefty bags.

 

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

[kenrino]

 tokenizing does not solve  liquidity issue or need for nostro vostro account

Edited March 21, 2018 by kenrino

[rootvegetable]

Every digital currency has the exact same problem. No one has to use it.

Every carton of milk has the exact same problem. No one has to drink it. We do however observe that when people are given the opportunity to drink milk or to not drink milk, some choose to drink milk, without being forced to. This is because they have the expectation, ex ante, that the state of their world will be improved by drinking milk. They may be mistaken in this belief, but this expectation is what causes milk to be drunk.

Back to digital currencies, and this applies to all of them. To the extent that people expect the state of their world to improve by using a specific digital currency, they will, if they don't they won't.

[kenrino]

I think you have to use a digital currency because a token of a fiat won't solve the problem I mentionned above, discuss.

[kenrino]

anyway Joelkatz would explain this better, newb here but this looks like crap

Edited March 21, 2018 by kenrino

[TLG]

hasnt this dead horse been whipped to death already>?

[FUD]

A question, if a person has so much doubt about ripple , what’s the sole point of even joining a dedicated community? 

Not trying to sound like an ***, but why? 

To possibly hear words of encouragement prior to making  an investment, or confirm and solidify even more a doubtful theory ?

 

Edited March 21, 2018 by FUD

[Plikk]

1 minute ago, FUD said:

A question, if a person has so much doubt about ripple , what’s the sole point of even joining a dedicated community? 

Not trying to sound like an ***, but why? 

To possibly hear words of encouragement prior to make an investment, or confirm and solidify even more a doubtful theory ?

 

Says the member called 'FUD' 

[cannylad]

5 minutes ago, TLG said:

hasnt this dead horse been whipped to death already>?

Whipped, Flogged and led away from the ripples of water

[FUD]

Just now, Plikk said:

Says the member called 'FUD' 

It’s just for fun?. 

I am a 100% hodl *****.

[Hodlezerper]

25 minutes ago, Aneikei said:

If this is true it's a good point - 

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. He states:

In fact, a whole new set of tokens will be issued for each fiat currency, much like gold trusts or funds issue shares of gold. This process, called ‘tokenizing,’ bypasses the need to use the XRP token in the first place.

In other words, investors FOMO-ing into buying up XRP tokens upon every partnership announcementfrom Ripple could be left holding some hefty bags.

 

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

Ask yourself how tokenizing any fiat currency is different than the numbers on a bank's ledger right now? 

How does a token change the fact that I still need to convert my fiat to your fiat. Whether or not its a token isn't particularly relevant. It might make the transfer even faster than xCurrent or xRapid currently is. 

You still have to buy one thing and sell another thing. The fastest way to do that is in 2 steps, not 17 .

[knull]

So many threads lacking any kind of quality these days, such a shame.

Threadtitles in all caps deserve an instant mute.

[Aneikei]

Just now, Magicarp said:

So many threads lacking any kind of quality these days, such a shame.

Threadtitles in all caps deserve an instant mute.

Sorry it was a copy and paste directly from the site itself not my doing. But relax a bit.

[Aneikei]

12 minutes ago, FUD said:

A question, if a person has so much doubt about ripple , what’s the sole point of even joining a dedicated community? 

Not trying to sound like an ***, but why? 

To possibly hear words of encouragement prior to making  an investment, or confirm and solidify even more a doubtful theory ?

 

Because the section is called PRESS. As much as I believe in XRP it's not for me to decide to keep what is perhaps relevant information from my fellow investors here on XRPCHAT. And it wouldn't be very cool of me if I arbitrarily decided what people should or should not hear. It's called a Press Section. I saw the article on xrp and duh it seemed like it fit the criteria. I'm heavy on xrp, way more than most. But some on this forum need to lay off the caffeine. 

[BurtMacklin]

Why is this even in the Press forum?