Quote from: manfred on May 27, 2017, 04:48:41 PM

Well, Ripple will most likely do alright but XRP is in major trouble.
Now since the first one has used copy-paste of xrp's code the foot is in the door and opened the floodgates.
Every Bank will create its own token as it is the cheapest way.
Creation and maintenance is next to nothing and lots of Banks already have contractual agreement to work with Ripple and use their services.
It is plain and simply stupid to think an Indian Bank will use the same xrp as a American Bank one or a Nigerian one ......

By no means will it stop at Banks, Tokens/Coins will be as common as email addresses and the common reference point is Bitcoin the "President". Every President has a running mate which obviously must be very similar in every aspect (not from the opposition camp) and "clean" of scams.
You could call it the "Bitcoin Standard".
A system of providing and controlling the exchange of coins, in which the value of the coin is fixed against that of Bitcoin.

If every bank creates their own token, you just reinvent the settlement problem.

If banks create tokens backed by fiat, then each token is tied to a jurisdiction and there's still a huge market in providing liquidity across jurisdictions. (This would be one possible way to improve domestic payments.)

If banks create unbacked tokens, then they have to incentivize all the liquidity themselves and we're way ahead of them with plenty of bank support. They'd have to raise and expend all the funds that we already have.

I have almost no doubt that all of these things will be tried and that some of them will be successful. Bitcoin could also gain significant market share as a settlement currency between inter-ledger exchanges locked in particular jurisdictions (the payment tech Ripple is cooperating to build will, I hope, be good for many cryptos). We think we can position XRP to compete on a level playing field.

You might also start to see more organic growth of XRP. XRP transactions are much faster, cheaper, and more reliable than transactions on any other major blockchain. And XRP has many features that other blockchains don't such as key rotation, native multisign, native support for arbitrary assets, order books, and cross-currency payments, and so on. It may not just be Ripple pursuing international payments for much longer.

Of course, there are no guarantees. These things also might not happen.