SBI and XRP

[VanHasen]

As a result of the recent announcement of SBI partnering with XDC I wonder -- are they still doing anything with XRP?

 

[princesultan]

Haven’t heard that name in forever. And honestly, who cares. They were a complete non factor

[VanHasen]

1 hour ago, princesultan said:

They were a complete non factor

Yeah, like many other things regarding xrp, unfortunately

But back in 2017/18 SBI's connection with ripple and their 'plans' with xrp was massive to the xrp community (not just to the shills but also well respected community members) 

Crazy seeing such big institutions now go for other chains - same with R3 corda settler...

Another great example of hype and expectations turned out to be wrong, again... 

[thinlyspread]

It was all marketing BS to begin with... like Garlinghouse's 2017 "major banks" lies. 

Same with R3, same with Coil, Interledger, all the crappy microprojects run by ex Ripple employees who got grants and commuity support, with XRPL NFTs (scams for jpegs essentially), sidechains/AMM, you name it. Nothing ever works out. XRPL is a total graveyard of illiquid IOUs and clogged up by token scams – all this even with their 5-10 year head start, mostly due to Ripple's mindblowing stupidity, hubris and greed. Old school crowd (99% gone now) predicted all this and warned back in 2011-2014 (the REAL old school). 

Soon we'll have new orderbook DEXes anyway so XRPL will become irrelevant and 1,500tps is old tech at this point with Solana, Avalanche et al doing tens of thousands. 

Anything even connected with XRP seems sketchy! Each new faux project yes even including Flare with their lies about f-assets (three years and still not even at TESTING phase for their ONE AND ONLY use case, connectivity!).

Edited June 1 by thinlyspread

[VanHasen]

51 minutes ago, thinlyspread said:

so XRPL will become irrelevant and 1,500tps is old tech at this point with Solana, Avalanche et al doing tens of thousands

as David Schwartz revealed recently even the 1500tps aren`t reality

also there's this statement... lol

none of this has been publicly communicated back then - more the opposite - Ripple's public statements suggested there's massive FOMO on banks and FI's to use XRP - that narrative, IMO, soley was the reason for XRP's massive pump in 2017 (not the escrow or coinbase rumors)

And that kind of suggestions has led them and XRP holders to where we are now - lawsuit, XRP locked out of US-markets, and XRP potentially getting deemed a security

Furthermore, those statements and XRP's massive pump in 2017 have attracted influencers and shills making a fortune with selling hopium to the xrp community and while those shills grew massively within the community, institutions and devs turn their back on XRP

[Spartaksus]

In this context the case with SEC was a blessing and not a punishment for Ripple. They can still sell false narrative (and tons of zerps) without delivering anything because bad SEC ,,blocks,, them. High chance they will follow Coil ,,success story,, after ruling with SEC.

[elias]

schwartz only cares about stuffing his fat face and his stupid pedo religion

 

[Gringo]

Quote

Old school crowd (99% gone now) predicted all this and warned back in 2011-2014 (the REAL old school). 

I'm old school then. At the beggining Ryan Fugger's Ripple was still online while the XRPL was already launched. The idea was more focused into having a DEX and nobody was focused on getting ROI through XRP. The idea was to trade safely BTC IOUs or Silver and Gold IOUs or USD and else IOUs.

If RippleTrade wasn't ordered to stop by an US government agency then Binance would have never been what it is now, since at the core it is really a chinese copy of what RippleTrade could have been.

Ripple the company has made many mistakes but it also has been fought by the US government for a decade (because the Federal Reserve considered it a threat to the US dollar and their owners: JP Morgan et all). Without Ripple the company XRP would (in my opinion) have never reached the value it has now, It is not that because BTC surged XRP had anything guaranteed. XRP (once again, my opinion) would had a similar destiny as NXT (if you don't know what NXT is, check here: https://coinmarketcap.com/currencies/nxt/ ).

The type of people that currently controls Ripple the company is the right people to battle government agencies, so the only one with at least a chance for it to continue. This unfortunately means, tech an innovation is not the main focus.

However, XRP has still a chance to multiply its current value in a significant %.