Quote:
Originally Posted by ToothSoother
So, I just wanted to come back six months in the future and see how this viewpoint went. Ripple has appreciated 800% vs bitcoin in that time. That is, had Tom sold his bitcoin and bought Ripple when he made this post, he would be 400% richer in terms of USD and would own 8x more bitcoin right now. Had you bought after the selloff, you'd be 1200% richer in USD.
Has anyone done rigorous analysis of Ripple? I've spent an hour looking into it, and to me it seems like it could actually could be a 100 bagger with >10% probability. There is an actual demand for what Ripple does among both large financial institutions, consumers and startups. It very intelligently solves a decades old problem that people and corporations want solved with none of the bull**** and risk of bitcoin. It can tap into trillions in global transactions unlike bitcoin. It has serious venture backing from some big name investors including Google Ventures. The negative is talk about security issues I haven't had enough to investigate, and the size of the float held by the venture partners.
Does anyone know of a rigorous published analysis? Have their own thoughts?
I made nice trade on ripple on the recent break out. I got to use it a lot and found it to be very cool. The thing I don't like about it is how there's a huge supply of XRP that still needs to be put into circulation. I feel the deal they made with Jed was all wrong. They limited his selling to like $10k-20k a week for a couple years. IMO, they should have just let him dump them all, ya it would have crashed the price, but it would have got it out of the way and he would have got a lot less money if ripple actually takes off. Now if he hangs onto them for a couple years and the price of XRP rises alot.. they just made Jed richer and delayed all the overhead pressure.
Also.. the actually XRP seems to play a modest role in the whole system so I don't know that it's really necessary to own a bunch. The system works so you can exchange anything for anything else and it kind of routes it through so it takes the most efficient path. Like If I have 5 BTC and want to send USD to someone it will sell the BTC for USD, or if it's cheaper it will sell the BTC for XRP then buy USD.
Or If I have 100 EUR and want to Send USD, it may Sell the EUR for Yen and then buy USD, if that was the most efficient route. The XRP comes into play to fill gaps. When their order books grow I feel like the gaps will become smaller and smaller and the need for xrp will be less.
The no mining thing is a BIG plus and I think this is the type of system that will win in the end. Stellar is what Jed moved to. I think they plan to give away the STR over time as opposed to the owners holding a bunch.