- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 1/16/25 at 8:01 pm to TigerTatorTots
Posted on 1/16/25 at 8:01 pm to TigerTatorTots
quote:Likewise. It's always some vague explanation that doesn't make sense.
I haven't had someone explain to me why its the 3rd largest coin now. Whats the elevator pitch? What is the coin itself used for in the payments network?
0
Posted on 1/16/25 at 9:22 pm to TigerTatorTots
One of the main drivers is that it’s “iso20022 compliant”
Now whether that even means anything of significance or value is up for debate, but the elevator pitch as I understand it is “banks and financial systems currently use very old and outdated methods of communication. They will need to upgrade to something over the next (arbitrary time frame)”
That “something” is iso20022 and “iso20022 compliant coins” get pumped from that speculation
Now whether that even means anything of significance or value is up for debate, but the elevator pitch as I understand it is “banks and financial systems currently use very old and outdated methods of communication. They will need to upgrade to something over the next (arbitrary time frame)”
That “something” is iso20022 and “iso20022 compliant coins” get pumped from that speculation
Posted on 1/16/25 at 9:53 pm to jefforize
quote:My only follow up in trying to understand where the value comes from - where does the XRP token come into play with all of that? Just a quick google search tells me banks can use RippleNet without needing the token. If that is the case, why is the token pumping? It must be used for something
but the elevator pitch as I understand it is “banks and financial systems currently use very old and outdated methods of communication. They will need to upgrade to something over the next (arbitrary time frame)”
Posted on 1/16/25 at 10:02 pm to TigerTatorTots
XRP is basically “buying stock” in Ripple
But don’t tell Gensler I said that
Mode reading if you are interested
LINK .
But don’t tell Gensler I said that
Mode reading if you are interested
LINK .
This post was edited on 1/16/25 at 10:14 pm
Posted on 1/17/25 at 6:02 am to TigerTatorTots
Anyone thinking we see a big crypto bump this month when trump takes office? Or do you think it's already priced in?
Posted on 1/17/25 at 7:00 am to TheOcean
quote:
Anyone thinking we see a big crypto bump this month when trump takes office? Or do you think it's already priced in?
I really don't think anything is priced in based on where we are at in the cycle.
My guess is during this administration we see a tapered down version of the reserve but it will push other countries to follow.
We also see Bitcoin loan products which in my opinion will be bigger than the reserve. And I am talking about trad fi loan stuff, not all all this silly defi bitcoin wrapped 3rd party shite. Like Fidelity and Charles Schwab..
Posted on 1/17/25 at 7:18 am to I Love Bama
quote:
not all all this silly defi bitcoin wrapped 3rd party shite
But isn't that kind of the point of crypto? To be outside of the "system"?
Posted on 1/17/25 at 7:47 am to jefforize
quote:
XRP is basically “buying stock” in Ripple
No, it’s not. It’s the exchange medium that provides liquidity for cross border exchanges at an institutional volume.
Posted on 1/17/25 at 8:02 am to TigerTatorTots
The short version is that XRP is the intermediate currency in a super high speed cross border exchange platform. That platform allows institutional sized exchanges to occur in milliseconds at a minute fraction of the cost of SWIFT. That’s why all of the buying action over the last 3 months has been largely institutional or governmental and the price has been artificially suppressed through off-exchange direct buying. That’s also why Ripple launched RLUSD stablecoin and created the platform for RLEUR and other CBDC stablecoins.
XRP, because it is finite, is priced at whatever the need for liquidity is. So, a $1M transaction will need 1,000,000 XRP @ $1 or 1,000 @$1,000. That’s what will drive the price of XRP. That’s an oversimplification but is directionally correct.
Trump and team met with the Ripple CEO often over the last 6 months and as recently as last week at Mar a Lago. It’s also completely transparent and all of the players are known so it’s probably going to be part of the “American Digital Asset Reserve” Trump has been talking about.
XRP, because it is finite, is priced at whatever the need for liquidity is. So, a $1M transaction will need 1,000,000 XRP @ $1 or 1,000 @$1,000. That’s what will drive the price of XRP. That’s an oversimplification but is directionally correct.
Trump and team met with the Ripple CEO often over the last 6 months and as recently as last week at Mar a Lago. It’s also completely transparent and all of the players are known so it’s probably going to be part of the “American Digital Asset Reserve” Trump has been talking about.
Posted on 1/17/25 at 8:22 am to Tesla
quote:
The short version is that XRP is the intermediate currency in a super high speed cross border exchange platform. That platform allows institutional sized exchanges to occur in milliseconds at a minute fraction of the cost of SWIFT.
this isn’t really unique to xrp. I think it has more to do with the fact xrp has been artificially suppressed and has a cycles worth of growth to catch up on.
Posted on 1/17/25 at 9:46 am to Tesla
quote:
XRP
Kamala coin
Posted on 1/17/25 at 9:55 am to Odinson
XRP’s Niche
This post was edited on 1/17/25 at 9:56 am
Posted on 1/17/25 at 10:32 am to BottomlandBrew
quote:
But isn't that kind of the point of crypto? To be outside of the "system"?
That ship has sailed with the ETFs.
Posted on 1/17/25 at 10:37 am to I Love Bama
No. Now there are 2 ships.
Posted on 1/17/25 at 11:03 am to jefforize
quote:
XRP is basically “buying stock” in Ripple
No. It isn't. It is one of a handful of tokens that actually have a use case.
Posted on 1/17/25 at 11:14 am to Rtowntiger
quote:
It is one of a handful of tokens that actually have a use case.
and what is it?
Posted on 1/17/25 at 11:31 am to finchmeister08
Making Ripple a lot of money.
Posted on 1/17/25 at 11:48 am to METAL
Definitely possible. But it's also a potentially more efficient store of value and a better platform with a first mover advantage and network effects working in its favor. It's definitely a risk, but that's kind of the point in investing.
Posted on 1/17/25 at 12:34 pm to TigerTatorTots
quote:
Just a quick google search tells me banks can use RippleNet without needing the token. If that is the case, why is the token pumping? It must be used for something
This question is always asked about every project but never really answered. It always devolves into “you just don’t understand the difference between crypto and blockchain”
I see a follow up that it’s “an intermediary currency”. But, that begs the question; what’s the incentive to collect currency associated with a product, but not needed to use said product?
Posted on 1/17/25 at 12:45 pm to I Love Bama
quote:
That ship has sailed with the ETFs.
I guess I worded it poorly. I just take issue with calling defi silly. It's still vital to the ethos of crypto, and it allows people to choose what system they want to be a part of.
Page 2174 of 2206
Popular
Back to top
Follow TigerDroppings for LSU Football News