Quote from: soma13 on May 30, 2013, 11:52:18 PM

There isn't a fixed value for XRP because it will price itself at a rate high enough to support it's ability to handle ripples transaction capacity. Its value is derived from the value of the other IOU's stored and traded within the ripple platform. Outside of ripple it has much less value since it requires trust in the ripple system, which one would not likely be extending if they were not actively using ripple for its intended purpose. Within the ripple system it's extremely versatile though.

i'm pretty sure ripple is exchanged on a platform which is judged by speculative value, unless your saying that the price of ripple is directly influenced by the value of other IOUS' which would mean an exchange is not even needed and ripples should only be issued by Rippe directly as ripple isn't a currency, only a service provider

anyways back to my point of the thread, why is there a speculative value on ripples when the amount of ripples is 100 billion, meaning its impossible for there to be any speculation of the real value of a ripple due to volume, therefore why is there an icnrease in price at all, unless your really telling me that loads of people are adopting ripple in their everyday life to create a threefold increase in price with a 100 billion volume, give me a break,

to be honest i'm not sure why i care so much, i just can't stand loose ends in head, and this ripple business is full of them for somehting thats meant to be hyped