You kind of completely ignored the fact that Ripple is devoted to promoting XRP to settle international payments and that if Ripple is successful at doing that, that would generate demand for XRP.

"Why is xrp such high value when banks can get so much benefit from Ripple's protocol but without using xrp?" Let me try an analogy. If Ripple was Google, the protocol would be the Internet and

The Internet has done more for freedom than perhaps any invention or development in history. Yet it was started by the US government and they were among the first to embrace it.

There's really no explanation about what's new or clever about this. You don't need a blockchain to create a centralized, walled garden. And there's no explanation about how banks will settle. If I receive

What do you mean by "if it becomes expensive"? The cost of a million dollars worth of XRP will always be a million dollars. So it can't become too expensive to use for settlement.

XRP use for fees is always expected to be negligible. The plan is to generate demand for XRP for use as the settlement asset itself.

Ripple, the company, holds about 60% of all XRP that will ever exist. Whether that makes it centralized is a matter of what you mean by centralized. Typically, what you care about are things like censorship

You mean for someone buying an asset in the hopes that it will appreciate in value? Or you mean for an asset to settle international payments?

Yep, that's where the question was asked and where I first posted a (nearly identical) response.

You can use jatchili's minimal ripple client to transfer XRP from your paper wallet to your exchange deposit address. It's an HTML page that you can download and point your browser at locally. Just don't

"Anarchism is actually the belief that people can live peacefully among one another and aggression is not needed unless you or someone you know is physically attacked." Surely I can use aggression

That's like saying that bitcoin isn't decentralized because it's under the control of Chinese miners.

XRP cannot be created. 100 billion XRP existed in the genesis ledger and there is no mechanism to create any more. XRP does not reflect debt in any way, it's a pure asset, so I don't understand the connection

"its already been exposed that they have an embedded algorithm that perpetually generates coins" Citation needed. All the code is open source, so let's see it.

I agree. I'm a huge supporter of both systems. Since XRP doesn't have to fight the inherently centralizing tendency of PoW, XRP should be more decentralized that bitcoin by the end of the year. And, I

Nobody knows how to build a perfect system yet. If you're not interested in an objective comparison of Ripple to its "competitors", I'm not sure what other conversation we can have.

I am the first employee, hired in November of 2011. I was on Ripple's Board of Directors during the Jed fiasco. I am currently Ripple's Chief Cryptographer.

I don't hate on bitcoin security. I just have a realistic, rather than a naive, view of what it can, and has, accomplished. If you don't realistically see the weaknesses of one scheme, you can't rationally

With bitcoin, the actors are whoever has the best price on power and the best ASICs. There's no way to know whether or not such actors will collude and, today, they're all controlled by the government

I don't understand why you keep referring to BTC? There are clearly better technologies out there. You are using one of them now. Because BTC is the furthest along and it's a good way to show unintended