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Xrphunter

Is Ripple poised to disrupt bitcoin?

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Hope XRP becomes the standard. But why is it still down even after Bitcoin crossed above 4k and ETH 300? It should b already around 0.23. 

Edited by Vivian

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Second round of fund raising ... higher valuations for Ripple ... like Uber.

Another huge fan of Ripple is David Drake, the chairman of wealth preservation firm LDJ Capital. Drake is also enthusiastic about Ripple. “A lot of people in the beginning question Ripple but now when they are doing the second round of fundraising for Ripple Labs I expect a larger valuation. It is not inconceivable that this may simulate the trajectory of something like Uber down the road.” he says.

Edited by bookworm

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49 minutes ago, Coinseeker said:

Ripple won't displace bitcoin, it will empower it.  Making bitcoin more accessible and useful.

Initially, perhaps. But on the long term, it really remains to be seen if Bitcoin can survive as a store of value alone, when it is no longer used (and needed) for transactions. And at some point, we really will need to answer this question: it really necessary to burn as much energy as Denmark, for something (decentralized money) that can also be done a billion times more efficient? Considering the effects on global warming, in the light of recent hurricane disasters that are probably caused by global warming, is that even ethical?

Edited by lucky

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Guest

“quiet turtle plugging away with its eyes squarely set on the right prize which is revenue” :lol:

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38 minutes ago, lucky said:

Initially, perhaps. But on the long term, it really remains to be seen if Bitcoin can survive as a store of value alone, when it is no longer used (and needed) for transactions. And at some point, we really will need to answer this question: it really necessary to burn as much energy as Denmark, for something (decentralized money) that can also be done a billion times more efficient? Considering the effects on global warming, in the light of recent hurricane disasters that are probably caused by global warming, is that even ethical?

I don't know anything about "global warming" :rolleyes: but the point was that Ripple helps bitcoin become a more useful and accessible value store and payment medium by offering it (and anything of value) a fast payment network and distributed exchange.  Bitcoin may fail in the face of other options, but it won't be because of Ripple.  Ripple's the best thing to ever happen to Bitcoin.    

Edited by Coinseeker

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Once XRP become a "rival" to bitcoin with comparable market cap, it would mean XRP is being used as a bridge asset causing mainstream investments.  It would also mean XRP is already out of the shadows of Bitcoin, and would be seen as something different by everyday investors.  When/if that day comes, it is the proverbial  game set match.  

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Quote

Another huge fan of Ripple is David Drake, the chairman of wealth preservation firm LDJ Capital. Drake is also enthusiastic about Ripple. “.... I expect a larger valuation. It is not inconceivable that this may simulate the trajectory of something like Uber down the road.” he says.

Ripple's IPO would dwarf Uber.  I hope Ripple waits to go IPO until the market is whipped into a literal frenzy for it! 

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On 19/9/2017 at 2:32 PM, stuffie said:

Bitcoin is Symbian, Ripple is Andoid

 

I would say Bitcoin is Symbian, Ethereum is Android and Ripple iOS.

:P

Or, using your analogy but with social network:
Bitcoin is MySpace, Ethereum is Facebook and Ripple is LinkedIn 

 

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