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      "body": "Each transaction burn rate is at a minimum of 10 drops or 0.000001 XRP.  Other transactions may be 60 drops.   The value of the XRP tokens that were made and now owned by Ripple have nothing to do with the value of the company itself.  The price of XRP with be determined by the free market based on all of the considerations they make and how valuable they see that giving its target customer.",
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      "body": "@@ -1315,14 +1315,57 @@\n e of the\n- coin\n+ir xrp token in the future provided it gets used\n .\n",
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      "author": "posetranos",
      "body": "Well we’ll see how things go with 38-billion tokens in circulation, and nearly another 60-billion being locked up supposedly NOV-2017. I think ripple is trying to show the advantages to banks of using xrp in conjunction with xRapid, xVia and RCloud. Ripple is trying to show a lower cost saving advantage when using xrp to replace having banks use nostro/Vostro accounts held in other countries. As much as each transaction will burn off such a small portion of xrp might make the currency deflationary but suspect it will only be a portion. They can only make xrp divisible by only so many decimal places. I do like that the token isn’t mineable so as to avoid the large mining pools to decide the fate of a currency rather than the common public - such as bitcoins forks of bitcoin gold or bitcoin cash that reveal no better use case value than some of the other alt coins out there (ie. ripple)yet people seem to want to pay $1000 for bitcoin-cash? With 100 banks internationally, some of which are the largest in the world, their SWIFT event hosting Ben Bernanke, Vitalek Buterin, Tim Berners-Lee, impressive demos for the federal reserve, google ventures invested, possible sight on over-throwing SWIFT, there just seems to be too much momentum/potential. I only hope their bloc-chain will reflect in the value of the coin.",
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      "author": "posetranos",
      "body": "Lennartbedrage, this is a great article, and some fairly conservative hypothesis to keep things realistic. I suspect ripple will garner more support as time goes on. With the 55-billion xrp lockup, and while they say they'll release 1-billion per month, there is also mention that they'll burn a portion up (1000 sats perhaps?) with each transaction. So I'm unsure about the total circulated supply from the existing 38-billion, but my guess is the 1.75-trillion in revenue will be divided into a lesser number than the total 100-billion xrp which will drive the price on a per xrp token basis. My sense is the xrp token is representative of the entire ripple business irregardless whether or not the xrp backbone connector nodes between countries are used or not, although suspect their use to be in the cards in the future. Ripple just so happens to call their crypto-token....\" xrp\" is all. Currently it appears their focus is on the ripple consensus ledger, interledger protocol and compatibility with other ledgers (banks). Great thoughts on strategy and possible buy-in from other institutions. Future prospects to bring into consumer markets are a little further into the future - for now it's the banks. People can still be the anarchy-capitalists/libertarians and possibly still benefit based on ripples future endeavors.",
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      "author": "kyle.anderson",
      "body": "Welcome to crypto!\n\nWhat makes Bitcoin so special is you can download some code and independently verify all the transactions on the network. You do not need to trust anyone else in the network to provide you with the current ledger, you can form and validate it yourself. \n\nXRP is centeralized in supply - you don't have to trust anyone to send it securely but you do have to trust Ripple regarding the supply of the coin. I.e. that they won't make any more than the 100billion they said. \n\nI would advise looking into the history of a project and look at how well it is decenteralized. Is there only one cartel mining with > 50% mining power? Are all the nodes run by a single entity? These are some of the trust assumptions you must be comfortable with when you are being your own bank. \n\nBe sure to follow up here with more questions: there are probably more answers than you know what to do with.",
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      "author": "posetranos",
      "body": "Hey Kyle,\nI'm just a guy who's trying to figure this out. I'm certainly not an expert but guess i'm asking, irregardless of it being xrp/btc or other, what  are the requirements for making a blockchain system \"trustless\" (whether it's a token or cryptocurrency)? What makes xrp a pseudo crypto...or even point me in the direction if you could so i could do a little research. Again, still learning this stuff myself.",
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      "body": "I'm not sure what to think. I've seen advantages and disadvantages pertaining to Ripple's value but want to be sure this is passed along to XRP token value. I've seen Ripple referred to as both a public and private blockchain so i'm unsure whether it has both centralized and decentralized options. I think Joel Katz appears to be a very standup guy, and has been more than forthcoming about the history that's unfolded although there seems to be a lot of confusion going on and misperceptions with all the ventures Ripple has on the go with the banks signing up and the history that's unfolded. Olyup brings up some interesting information and myself trying to ascertain fact from fiction.  I think there are some advantages/disadvantages to both decentralized and centralized currencies and i do think Ripple has a place in crypto. It may not be favoured by the 'types' that want 'decentralized' cryptos that don't work with big banks/big gov.t. but wouldn't pass on an investment opportunity just because of this.",
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      "body": "I am not sure if I understand exactly what you are getting at, Bitcoin is 'trustless' because I can independently verify the entire transaction history. XRP does not operate in this trustless manner that Bitcoin is founded on. It is a pseudo crypto.",
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      "body": "Just curious now that you mention it but how should one trust a \"blockchain trustless\" exchange. Aren't all blockchains that are focused on trustless relationships operating relatively the same way? I'm only asking is all.",
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      "author": "posetranos",
      "body": "Agreed it's an important check-and-balance and worth spending a few minutes thinking about what you'll say if in squabbles with others. I wonder if human resource offices will start checking to see what you post here before hiring you....scary in some cases!",
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      "author": "posetranos",
      "body": "It seems the whales have been engaging in a great deal of pumps''dumps but I'm not sure I see that with bitcoin - I think a very small number of people probably hold the majority of btc. On poloniex, there seems to be a great deal of panic buying/selling that at times appears irrational.",
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      "body": "Still waiting to see if bytecoin will pickup with their project. It seems digibyte has aligned with mine craft (gaming), and the rest I don't know?",
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      "author": "posetranos",
      "body": "I'm not saying you're correct or incorrect but can you pinpoint for a fact that Ripple is 'in bed' with any new world order or is this an assumption because they're working with the largest banks in the world. I certainly can respect the suspicion but i'm the kind of guy who needs more details on this. The only details about how they're working is as follows: \n\nhttp://www.huffingtonpost.com/entry/591cb3bee4b0b28a33f62915",
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      "author": "posetranos",
      "body": "Much appreciated on the quick'torial.",
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      "author": "posetranos",
      "body": "For bitshares! I look forward to hear what's going on with all bts projects.",
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      "body": "I think SiaCoin has a great idea offering blockchain decentralized storage, use of contracts for storage rental, use of SiaCoin to generate payment and a mechanism to promote use of the altcoin. It seems if you want to offer storage this needs to be done with their Minebox (or Sia-Rig as you put it). I'm curious to know, regardless of contracts specifics, how SiaCoin and mine-box data storage providers guarantee \"quality of service\"? While most users would just keep their mine-box running 24/7/365, what stops a user from power it down for a prolong period or is it specified in the contract. What happens if the minebox fails, does SiaCoin rush a new box to the client providing contracted services, and mines data from the old box (even if data is decentralized-some of the data would still be inaccessible)? How can SiaCoin guarantee quality of the \"minebox providers' internet service\"? While most places have cable-modem/DSL, there are areas even in the most advanced areas of the world that are challenged with poor ISP provisions.  I can only assume that enough redundancy is provided within the solution, that if a minebox went down, that the data is striped/or parity info. available or mirrored somewhere else? I guess i have scalability, redundancy, QoS, load-balancing, and other items like this on my mind when looking at SiaCoin's solution. I really do like what they've got going on.",
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      "author": "posetranos",
      "body": "I too invest in a Goldmoney account....think it's a good way to own gold. I acquired their goldmoney MasterCard but I never use it (usd account). I would probably use it should harder times unfold just as a mechanism for paying for necessities. I do like how schiffgold, bit gold and goldmoney came together on this one.",
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      "body": "I am one of those guys that really....really wished I had more insight to bitcoin years ago. While I have made some cash on btc, would have liked to be one of those who invested for cents (or even a few dollars a share) compared to where it is now. Congrats to all who got in early. It'll be interesting to see what happens with all the discussion around hard-forking into btc and btu or with using segwit. I'd really like to know the benefits (or repercussions) of all this and how it will play out. Great article. It seems with economic chaos such as hyperinflation in Venezuela to the pm of India removing large bills from circulation only seems to put more power into the hands btc community.  Just my two cents.",
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      "body": "Would that teaser be a new movie you're working on? :) Good to see you're in the steem community.",
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      "author": "posetranos",
      "body": "To answer your question at this very second....I would take gold right now as it's $1284.50/usd whereas btc is around $1250/usd. When the trend reverses so would my preferences.",
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      "author": "posetranos",
      "body": "Bitcoin and gold/silver both have their advantages and disadvantages. With the lack of confidence in fiat currency world-wide, there has been more acceptance of cryptocurrencies yet think the average joe still has no clue about them. There is a form of evolution happening with the way block chains are used....from bank-use, to payment transactional-use, to cloud-storage from what it originally was....a digital ledger (starting with bitcoin), and as such have made disruptive technologies such as cryptocurrencies in alignment. I'm still trying to understand it all myself but get the general idea. You also see a lot of the cryptocurrencies doing hard forks, and creating other \"branch-off\" currencies. You see litecoin hard-forked from the bitcoin core protocol, and others that I honestly can't keep track of. When you see a fork of ethereum and ethereum classic, sometimes it's hard to know which one, or if both will benefit. It seems many of them do soft forks using Sedgwick to improve upon their infrastructure as well. It's a very interesting time.\n\nAs for gold it has been money for 5000 years, and empires have risen and fallen with their misuse of it. I'm curious to see what silver does in the future.  One thing I'd like to see is a cryptocurrency backed by gold (or alternate asset).  Lots of interesting things taking place with crypto and the Blockchain.",
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      "author": "posetranos",
      "body": "True enough. Was kidding. :)",
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