PostsCommentsPayoutsjoelkatz (60)in #cryptocurrency • 7 years agoRE: Why Ripple Token (XRP) is Terribly OvervaluedYou 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.joelkatz (60)in #ripple • 8 years agoRE: Why is xrp such high value when banks can get so much benefit from Ripple's protocol but without using 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…joelkatz (60)in #cryptocurrency • 8 years agoRE: Ripple is now Even More Suspicious: Bernanke Aligns with RippleThe 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.joelkatz (60)in #news • 8 years agoRE: Banks Looking To Make Their Own Cryptocurrency... Is Ripple In Trouble?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…joelkatz (60)in #cryptocurrency • 8 years agoRE: RIPPLE (XRP) Cryptocurrency ReviewWhat 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.joelkatz (60)in #cryptocurrency • 8 years agoRE: RIPPLE (XRP) Cryptocurrency ReviewXRP use for fees is always expected to be negligible. The plan is to generate demand for XRP for use as the settlement asset itself.joelkatz (60)in #ripple • 8 years agoRE: RIPPLE: As with the majority of the other Crypto Currencies it appears that RIPPLE is also taking a breather..!!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…joelkatz (60)in #ripple • 8 years agoRE: XRP/Ripple SummaryYou 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?joelkatz (60)in #ripple • 8 years agoRE: XRP/Ripple SummaryYep, that's where the question was asked and where I first posted a (nearly identical) response.joelkatz (60)in #xrp • 8 years agoRE: RIPPLE: A CALL TO ACTIONYou 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…joelkatz (60)in #anarchy • 8 years agoRE: What makes an anarchist?"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…joelkatz (60)in #steemit • 8 years agoRE: Ripple Cryptocurrency Aims to Make Global Assets Liquid XRPThat's like saying that bitcoin isn't decentralized because it's under the control of Chinese miners.joelkatz (60)in #ripple • 8 years agoRE: RIPPLE - The Importance of Speed and Efficiency in PaymentsXRP 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…joelkatz (60)in #cryptocurrency • 8 years agoRE: Ripple pledges to Lock up $ 14 XRP Cryptocurrency"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.joelkatz (60)in #ripple • 8 years agoRE: FCK/YOU Money: The Rise and Fall of XRPI 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…joelkatz (60)in #ripple • 8 years agoRE: FCK/YOU Money: The Rise and Fall of XRPNobody 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.joelkatz (60)in #ripple • 8 years agoRE: FCK/YOU Money: The Rise and Fall of XRPI 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.joelkatz (60)in #ripple • 8 years agoRE: FCK/YOU Money: The Rise and Fall of XRPI 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…joelkatz (60)in #ripple • 8 years agoRE: FCK/YOU Money: The Rise and Fall of XRPWith 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…joelkatz (60)in #ripple • 8 years agoRE: Ripple / XRP - Central Banking 2.0 or seriously misunderstood?Because BTC is the furthest along and it's a good way to show unintended consequences of misaligned incentives. As I said in my post, all the ideas and employees of Ripple may…