Ripple XRP: Just Trust

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17 thoughts on “Ripple XRP: Just Trust”

  1. I love this topic oz. Because this is exactly what the globe needs in the cross border movement of money is a trustless system. This i think is why we are all here and love XRP. We see the potential of this value proposition.

  2. I think a lot of people aren't understanding the point of XRP. They seem to use the terms "XRP" and "Ripple" interchangeably, as if they are the same thing. They aren't, and that is why the price will not go up and is made to stay the same. More TA:

    Ripple is a company whos goal is to make cross-country trades much faster by using the blockchain. A bank sends a payment from Tokyo, that payment is converted to XRP, then the receiving bank receives the funds in XRP and translates it into FIAT. There is a reason why this is better than the current system: by using XRP the fees and transfer time is greatly reduced exponentially over the current FIAT system.

    It's important to understand that the main reason this is desirable to banks is because during the transfer time of funds it reduces the fees AND MORE IMPORTANTLY reduces the change in price fluctuations of the FIAT currencies they are sending.

    Example: Say someone from Japan is sending millions of Japanese Yen to USA, and during the time it took to get from Japan to USA using the current FIAT transfer system (can take days) the ratio of Yen to USD has changed by an amount, now someone on one end is going to be either overpaying or being screwed potentially a lot of money because the value of the FIAT they are receiving has changed during the transfer time. What Ripple does, utilizing their blockchain technology by converting the FIAT at either end into near instantaneous XRP exchanges is remove that FIAT value difference.

    So you have to ask yourself, if the whole point of the company (Ripple) that owns the XRP token is to reduce price fluctuations during exchanges, why would Ripple want to have a token that is unstable and changes dramatically? The simple answer: THEY DON'T.

    That is why the price never changes. That is why they inject XRP into the XRP pool. That is why the trade volume is low. The smart money know HODLing XRP is a waste of time.

  3. No offence, but you, Jungle etc are just saying the same things as you were a year ago. I need to take a break form these videos.

  4. Sick, that’s soft oz , I’m sick but I was happy to do my part by listening πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚great job as always hope your feeling better soon πŸ‘πŸ»

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