CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻
I swear listening to this guy was like 10 articles I found combined. Emaculate performance easy to understand & great explanations, thank you!!! God bless all of you! Love y’all stay safe!!!
Nate, you are the best educator in the complex world of cryptocurrency. Great style, great voice and diction and great delivery of clearly expressed educative information. Thank you for doing this show.
The question of investing is exactly like you said, based on your belief of whether it will be adopted. The good thing is, you can get it for pretty cheap right now...so even if it doesn't go up in value or become adopted, you probably aren't losing much in the first place...unless you go all in on XRP only, which isnt the greatest idea in a currently speculative market. I own some XRP but I'm buying about 10 others as well.
If you dont mind me asking, what else are you buying and in what percentages of your capital? looking at buying XRP and XLM and wondering what else to go for. I didnt pull the trigger and buy bitcoin at $600 :-(
@@craigaudio3592 yeah, there are many good potentials in the space, it just takes some time looking into them. I get a little BTC and Eth every week too for insurance lol
Now only i start to see your video exactly 2.52 im your life time subcriber because i saw lot of videos all informations are explain by you in one single video you are such a gem person
Awesome explanation and because of that I had subscribed this channel just now at early morning. And now i am still not boring. So informative! Very well done and thank you. Anyhow I wonder if anyone comment here from Malaysia? Hehehe ❤💆🏻♂️😊
Subscribed to this channel I like the way he explained everything , so many XRP channels over hyping XRP for years hoping the coin the go to the moon soon but will see what happens. I have 5090 XRP and will just leave it there and forget about it, thinking about investing on other alt coins like ethereum, so far the crypto market has been looking pretty bearish, bitcoin recently hitting $9600 only to fall back to $9100 currently sitting at $9270. Fun to watch these stuff and learn. Have a great day!
Don't understand the part on transaction fee is destroyed. If A pays B 100 XRP, and for this transaction A pays 1 XRP of transaction fee. Then who gets this 1 XRP and when it is destroyed, the person who gets the transaction fee would have nothing? If the validators are not paid for their validating service, then what motivates them to be a validator?
Sir please make a video of future of Bitcoin and other Cryptocurrency in India. As Gov is banning them here so will all my investment will be of no value or what.
XRP makes a lot of sense for how the old world works... but it doesn't really fit in with the world of cryptocurrencies because 1) it's centralized (it's distributed, but it's not decentralized) 2) it's not trustless or permissionless (which is the main reason why it's centralized)
That's exactly the point. This is why banks want to use it for a direct way to send money. Where do majority of people hold their money? You guessed it, the bank. It's solving a problem that 99% of these crypto currencies do not. When you really think about it most of crypto is useless and has no real world utility therefore it's worthless.
@@othxme8901 banks don't care for XRP. Some institutions are working with Ripple because they're interested in the protocol and payment network for their own CBDCs not for XRP. Also, remittance has no bearing on the price of XRP. In fact, XRP would work best as a stablecoin. Too bad many banks are going to come out with their own CBDCs, making XRP even more useless.
@@---GOD--- If these institutions are working with ripple then they will adopt XRP as a means to send money cross border. If there's a coin that has a network to function on already built, banks aren't going out of their way to create a new network.
This project is fantastic. We will soon see more central banks in countries adopting this technology. This currency has ultrafast transfer speed. The value is very outdated in relation to bitcoin and ethereum. Few people are watching this.
Hi Nate, Question:- How is Bitcoin different from Traditional Banking? 2 Can a Bitcoin wallet be stolen, hacked or freezed by your trading partners? Like it happens in Traditional banking for numerous reasons? 3 Do you think it's suitable for Indigenous societies which are largely dependent on Barter economy? Young ones have started using internet primarily for "Entertainment Only". Would you recommend those young ones to use Bit coins? Waiting for your reply. -Smita
Great video as always! Also, thank you for the objective clarity. I see how XRP is certainly a good option in terms of replacing SWIFT but I have a lot of fundamental problems with how XRP functions, who it serves, and what its true “value” is. There are far too many people online who are convinced XRP is THE answer, will ultimately be THE cryptocurrency, and will moon to $5+. But I think the information you provide here makes it more than clear that the problems and limitations of XRP will only take it so far. I see its large volume coupled with its stagnant-to-decreasing price as indicative of how little value the network truly has in the grand scheme of things. Personally, I think Ripple Labs just didn’t have enough knowledge or foresight about incentives when they developed the XRP protocol. Even though Bitcoin and even Ethereum are slower, they still have far more value, far more volume, and have more of a fundamental utility that addresses the importance of incentives.
Man, I just want to say that your way of explaining is awesome. While I was listening to you, I was having feelings that I am sitting in a classroom and listening very important lecture and it is. 👍👏👍👌👏👌😎, please keep doing the very good work. Thanks
That's really great Nate. Not much explanatory sources for the crypto world. You are doing a wonderful job, that too in plain English. Its a great help for persons like me, who are non-English speakers. Thanks.
How do I buy XRP, I guess they’re kept in a wallet, or is it like stock? You see I don’t understand this bitcoin thing, but I want/need to. Anything you can tell or help me with I would appreciate. Thanks Gene
Hi Gene, well Ripple (XRP) and Bitcoin (BTC) are different forms of cryptocurrency. They are kept in digital wallets. For a good introduction, check out the free video series available on our website, 99bitcoins.com
My question is. How could a bank entrust its money to ripplenet then send that money to another bank knowing that the value of xrp could go high or low within a second. That will not make sense because the amount they'd be sending could be lessen or add more values on it while sending?
You're the master of explanation, mate. Even though I'm not a natve English speaker, and my English is not that good, I could get all the thing you said.
Hi, thanks for this video, very interesting. Do you think we will be able to exchange crypto through ripple too? 🤔 This would make decentralized currencies centralized when exchanged so I don't think they were created for that purpose but I still wonder 🤔🤔 I don't know if it is manageable with each blockchain either 🤔🤔🤔
So in order to transfer money internationally through Ripple, one needs to hold XRP to be able to use the system. Or the XRP is like a middle man? Does XRP token has any actual value, ie, can ppl use it to clear transaction or purchase of, say, groceries or furniture as such? Many thanks
Very clear and fact based explanation - thank you. Can you do an update on XRP in terms of the new ODL (vs using IOU and XRP) as well as how does XLM fit into the picture? Also how are transaction fees determined and how can you check transactions on the blockchain to see whether it is real volume or just cross from left to right hand (empty nil transaction)?
Yes, that is more or less what it means. As the company in control of the project is known, the government could at any time exert pressure on the company or its members in order to effect changes in the workings of XRP / Ripple. This is one of the big dangers of centralization.
Businesses depending on the XRP Ledger maintains and preserve the network to partake in the consensus process, so they have internal purpose to guarantee the security and maturity of the network.
@Vi 4 Given the level of *your* English, and the number of letters in *your* username, it's safe to say you're not the sharpest knife in the drawer 🤣 Diarrhea of the mouth and constipation of the ideas is mainly your problem.
I don’t think that’s gone happen cause that basically enslaves the people for good. And trump wants us to go back to a sound money system which is the gold standard
I have found out that due to some litigation with the government many exchanges have suspended trading in ripple at least for the time being until the case is resolved. Do you know some or what exchanges are still trading it presently?
I like all your videos and I do find them helpful. In regards to Ripple Crypto, I can see this Crypto system being more acceptable to the current banking system for now.
Thank you for this one. Told me everything I need to know about XRP. There's no question that it is a centralized form of cryptocurrency. The absence of the "trustless" feature in bitcoin speaks volumes with regards to its role in the financial system. If you're a true cryptocurrency enthusiast, Ripple is the anti-thesis.
I think your video are TO GOOD ! I try to read the comment section to see what people actually think of the subject and all I see is positive comment about how good you explain haha ! i want some debate and personal opinion pls haha
Good explanation, ques - given local banks have invested in technology and now payment transfer between two banks local banks is in real time. There is still a gap for offshore payments/ transfer. Do you reckon ripple is still useable? or Current technologies may join forces and address this issue?
I had a slight issue with verification, they demanded a clear picture of my details as opposed to the ones I kept uploading. A tiny bit stressful, but I got it done when I uploaded a crisp clear picture and it got updated right away. That's the only issue I had, and the customer service personnel was very understanding and responsive
So, if I understood things adequately, Ripple (XRP) is never going to see large rises in its value, such as we saw with BTC? XRP was about 15c, 4 years ago and is now about $1. Maybe it will be $1.50c in another 3 years time, which is still far better than bank interest.
Neither because there is no "staking" of coins nor is there any solving of a computational math problem (Pow) it is just a poll sent out for the validators to vote on. It's one of the main reasons Ripple is considered far less decentralized as there is no reward for voting so there is technically no incentive for "trusted validators" not to commit fraud
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
I understood more from your first 3 minutes than my 1 hour reading 5 different articles! I love your format of explanation, thank you!
It's pretty simple. Invest in it. Unfortunately I actually started to pay attention in December 2017.
The fact is it's 1000
faster than Bitcoin. Didn't mention that did ya? And. Fraction of the cost
Bitcoin was the Ford model-t
Great invention
But now we have Ferrari and Lamborghinis
Ripple explained in plain English. Thanks and keep them coming.
Your videos are some of the clearest and most informative ones out there. Thanks!
Thank you so much for this feedback :) I really appreciate it.
excellent as always, thanks
When you say: ''Let me explain''. He will explain it very satisfying. Love you videos man!
yes yes yesss!
After two years... I just want to say thank you for this absolutely brilliant and stunning presentation.... 👌👌👌☀️
I agree! Great video 🙏
CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers.
Stay safe 🙏🏻🙏🏻🙏🏻
@@khangle1046 WTF... lol
2021
When I have a crypto question or need a crypto technology translator.. this is 100% my first stop on RUclips!! Another excellent video well done sir!
Thank you so much for including subtitles on your videos. It so much better for us non native English speakers.
Liking the video before fully watching it is a common thing I do and never regret. You are the BOSS.
Informative and unbiased video. The way it should be. Great Job!
I swear listening to this guy was like 10 articles I found combined. Emaculate performance easy to understand & great explanations, thank you!!! God bless all of you! Love y’all stay safe!!!
Who’s here in Dec 2024🔥
XRP pasts $2 and takes #3 Marketcap spot
how much do you have
Me. And how much do I have? A lotttttt😁 💰💵💰
Nate, you are the best educator in the complex world of cryptocurrency. Great style, great voice and diction and great delivery of clearly expressed educative information. Thank you for doing this show.
Your explanation is very clear and well organized.
I do find them are very helpful.
PERFECT DELIVERY = PAINLESS EDUCATION! Thanks a bunch Nate, keep going.
2 years since you made this video. How do you feel about it now? Lots of banks are adopted it. Seems like a good buy
its still shit.
Which banks ?
@@DodZz666 Bank of America,American express,Royal Bank of Canada and many more. I just name a few.🔥
And now probably gold.
@@senseimenharachantv1130 good luck to xrp then , I just find their model confusing . They don t seem like they are solving an issue . Just my opinion
The question of investing is exactly like you said, based on your belief of whether it will be adopted. The good thing is, you can get it for pretty cheap right now...so even if it doesn't go up in value or become adopted, you probably aren't losing much in the first place...unless you go all in on XRP only, which isnt the greatest idea in a currently speculative market. I own some XRP but I'm buying about 10 others as well.
I know this is an older post, but you are EXACTLY on point with your comment - it really is that simple...
If you dont mind me asking, what else are you buying and in what percentages of your capital? looking at buying XRP and XLM and wondering what else to go for. I didnt pull the trigger and buy bitcoin at $600 :-(
@@craigaudio3592 XRP, VET, ADA are my main 3. I get a little bit of a few others here and there but those are the 3 I focus on.
@@corylyonsmusic thanks. i will check those out :-)
@@craigaudio3592 yeah, there are many good potentials in the space, it just takes some time looking into them. I get a little BTC and Eth every week too for insurance lol
Your explanation was elegantly simple and helpful! Thank you!
Now only i start to see your video exactly 2.52 im your life time subcriber because i saw lot of videos all informations are explain by you in one single video you are such a gem person
Wow. 2 years ago still so relevant and resourceful. Thank you mate👍🏽
What a great video! Really crisp content, explained a lot in a short time
Phenomenal summary of the relevant issues. Explains the centralization issue nicely. Thank you!
Awesome explanation and because of that I had subscribed this channel just now at early morning. And now i am still not boring. So informative! Very well done and thank you. Anyhow I wonder if anyone comment here from Malaysia? Hehehe ❤💆🏻♂️😊
Thank you Rezu! Welcome aboard!
I wanted to know what Ripple was, then I saw this dudes face yet again. My worries of never understanding were gone instantly.
Excellent breakdown. Easy to understand. The first of its kind.
What are ripples competitors and how do they stack up ?
Thank you
Subscribed to this channel I like the way he explained everything , so many XRP channels over hyping XRP for years hoping the coin the go to the moon soon but will see what happens.
I have 5090 XRP and will just leave it there and forget about it, thinking about investing on other alt coins like ethereum, so far the crypto market has been looking pretty bearish, bitcoin recently hitting $9600 only to fall back to $9100 currently sitting at $9270.
Fun to watch these stuff and learn.
Have a great day!
This is one of the best RUclips channels I've ever come across!
Amazing explanation, this is definitely the best crypto currencies youtube channel!!!
Don't understand the part on transaction fee is destroyed. If A pays B 100 XRP, and for this transaction A pays 1 XRP of transaction fee. Then who gets this 1 XRP and when it is destroyed, the person who gets the transaction fee would have nothing?
If the validators are not paid for their validating service, then what motivates them to be a validator?
This is the most clear explanation I have heard. Thank you. Love 99 Bitcoins.
Thank you for this amazing explanation about XRP...
Fantastic video and explanation, thank you Nate
Although the video was two years ago, it is very informative and you are a very good teacher.
I watched your video about a year and a 1/2 ago and decided to do some investigating on XRP long story short I invested and I'm a happy camper today
Sir please make a video of future of Bitcoin and other Cryptocurrency in India. As Gov is banning them here so will all my investment will be of no value or what.
XRP makes a lot of sense for how the old world works... but it doesn't really fit in with the world of cryptocurrencies because
1) it's centralized (it's distributed, but it's not decentralized)
2) it's not trustless or permissionless (which is the main reason why it's centralized)
That's exactly the point. This is why banks want to use it for a direct way to send money. Where do majority of people hold their money? You guessed it, the bank. It's solving a problem that 99% of these crypto currencies do not. When you really think about it most of crypto is useless and has no real world utility therefore it's worthless.
@@othxme8901 banks don't care for XRP. Some institutions are working with Ripple because they're interested in the protocol and payment network for their own CBDCs not for XRP. Also, remittance has no bearing on the price of XRP. In fact, XRP would work best as a stablecoin. Too bad many banks are going to come out with their own CBDCs, making XRP even more useless.
@@---GOD--- If these institutions are working with ripple then they will adopt XRP as a means to send money cross border. If there's a coin that has a network to function on already built, banks aren't going out of their way to create a new network.
Who are the validators ? and what are their incentive to validation ?
This project is fantastic.
We will soon see more central banks in countries adopting this technology. This currency has ultrafast transfer speed.
The value is very outdated in relation to bitcoin and ethereum. Few people are watching this.
Hi Nate,
Question:- How is Bitcoin different from Traditional Banking?
2 Can a Bitcoin wallet be stolen, hacked or freezed by your trading partners? Like it happens in Traditional banking for numerous reasons?
3 Do you think it's suitable for Indigenous societies which are largely dependent on Barter economy? Young ones have started using internet primarily for "Entertainment Only". Would you recommend those young ones to use Bit coins?
Waiting for your reply.
-Smita
I admire the way you explain such technical data in a way I can absorb the information.
Can someone explain the incentive to becoming a validator? To me, it seems like there's literally no gain other than a sense of accomplishment.
This channel IS the best and has a bright future indeed
Great video as always! Also, thank you for the objective clarity. I see how XRP is certainly a good option in terms of replacing SWIFT but I have a lot of fundamental problems with how XRP functions, who it serves, and what its true “value” is. There are far too many people online who are convinced XRP is THE answer, will ultimately be THE cryptocurrency, and will moon to $5+.
But I think the information you provide here makes it more than clear that the problems and limitations of XRP will only take it so far. I see its large volume coupled with its stagnant-to-decreasing price as indicative of how little value the network truly has in the grand scheme of things.
Personally, I think Ripple Labs just didn’t have enough knowledge or foresight about incentives when they developed the XRP protocol. Even though Bitcoin and even Ethereum are slower, they still have far more value, far more volume, and have more of a fundamental utility that addresses the importance of incentives.
Your presentation of relevant information is impressive & just impeccable -- both as to your delivery & as to your content. Amazing. Thk u.
If I could upvote multiple times, I would send 20. Fantastic video man.
If xrp coins get destroyed with the transactions, how how long would it take to deplete the pre mined 100b
what does it mean for a bank to keep an open tab using IOU without ever closing it in the facilitation of bank-to-bank transfers?
Thanks a lot for your great and detailed explanation about XRP and the future global Banking transactions.
Man, I just want to say that your way of explaining is awesome. While I was listening to you, I was having feelings that I am sitting in a classroom and listening very important lecture and it is. 👍👏👍👌👏👌😎, please keep doing the very good work. Thanks
Im going back to watching what is bitcoin, this is a lot of info for a day. Subscribed btw. Will be back to this great info all around 👍
Thank you this really broke it down and explained it very well then other videos I’ve seen
That's really great Nate. Not much explanatory sources for the crypto world. You are doing a wonderful job, that too in plain English. Its a great help for persons like me, who are non-English speakers. Thanks.
Ding, ding, ding! I finally understand! Thank you for simplifying this. Keep up the good work and don't stop.
Wow! Thank you for this wholesome yet simple explanation. Highly appreciated 🙏🏾🙏🏾
You are very welcome
What payment providers use it?
How do I buy XRP, I guess they’re kept in a wallet, or is it like stock? You see I don’t understand this bitcoin thing, but I want/need to. Anything you can tell or help me with I would appreciate. Thanks Gene
Hi Gene, well Ripple (XRP) and Bitcoin (BTC) are different forms of cryptocurrency. They are kept in digital wallets. For a good introduction, check out the free video series available on our website, 99bitcoins.com
My question is. How could a bank entrust its money to ripplenet then send that money to another bank knowing that the value of xrp could go high or low within a second.
That will not make sense because the amount they'd be sending could be lessen or add more values on it while sending?
You're the master of explanation, mate. Even though I'm not a natve English speaker, and my English is not that good, I could get all the thing you said.
Hi, thanks for this video, very interesting.
Do you think we will be able to exchange crypto through ripple too? 🤔
This would make decentralized currencies centralized when exchanged so I don't think they were created for that purpose but I still wonder 🤔🤔
I don't know if it is manageable with each blockchain either 🤔🤔🤔
Your videos are concise and short. I lover it
Great, easy to understand exclamation the best so far that I’ve come across. Thank you.
You're very welcome!
So in order to transfer money internationally through Ripple, one needs to hold XRP to be able to use the system. Or the XRP is like a middle man? Does XRP token has any actual value, ie, can ppl use it to clear transaction or purchase of, say, groceries or furniture as such? Many thanks
Doesn't matter, the SEC is bringing Ripple's xrp down.
Nate you are a legend! Thanks for all of the simple yet detailed videos, I like The out takes at the end to 😂
I appreciate that!
Your exploration was elegantly simply and helpful thank you
Very clear and fact based explanation - thank you. Can you do an update on XRP in terms of the new ODL (vs using IOU and XRP) as well as how does XLM fit into the picture? Also how are transaction fees determined and how can you check transactions on the blockchain to see whether it is real volume or just cross from left to right hand (empty nil transaction)?
Agree very good and to the point content. Thank you
Since XRP is somewhat centralized in RippleLabs, does that mean it is subject to Government influence or control?
Yes, that is more or less what it means. As the company in control of the project is known, the government could at any time exert pressure on the company or its members in order to effect changes in the workings of XRP / Ripple. This is one of the big dangers of centralization.
What is the incentive for the validators to continue doing what they are doing??
Businesses depending on the XRP Ledger maintains and preserve the network to partake in the consensus process, so they have internal purpose to guarantee the security and maturity of the network.
The incentives is the huge profit margin
All the comments are about how great the presentation was, no actual discussion about ripple? Seems legit...
This is the best of the best contents that I have ever watched cryptocurrency related videos. Very much thanks to teacher~!
Hey man can you please update about the current issue with ripple and the big dip market
very helpful ive got now basic idea how it works thanks very much appreciate your efforts😊😊
What network should I choose in sending xrp to binance?
Now i know it all....!
@@CarlosCastro94360 What flaws?
@@CarlosCastro94360 name that flaws now?
@@CarlosCastro94360 Any flaws or did you just spell fud wrong?
@Vi 4 Probably how we could summarise your IQ as well 🤣
@Vi 4 Given the level of *your* English, and the number of letters in *your* username, it's safe to say you're not the sharpest knife in the drawer 🤣
Diarrhea of the mouth and constipation of the ideas is mainly your problem.
thank you for the clarification, please how can i own a name like usd.123?
What is factor to influnce the price are up and down compare tu usd?
I kinda understand, but what happens to xrp if banking adopts their own digital fiat and blockchain?
I don’t think that’s gone happen cause that basically enslaves the people for good. And trump wants us to go back to a sound money system which is the gold standard
Your presentation and content are awesome as usual.
I have found out that due to some litigation with the government many exchanges have suspended trading in ripple at least for the time being until the case is resolved. Do you know some or what exchanges are still trading it presently?
You can buy on uphold. It’s American too
Can I ask How the validators Get paid if there is no mining ?
Great explanation well organised
I like all your videos and I do find them helpful. In regards to Ripple Crypto, I can see this Crypto system being more acceptable to the current banking system for now.
Thank you for this one. Told me everything I need to know about XRP. There's no question that it is a centralized form of cryptocurrency. The absence of the "trustless" feature in bitcoin speaks volumes with regards to its role in the financial system. If you're a true cryptocurrency enthusiast, Ripple is the anti-thesis.
Great video one of the best explanations I've seen.
Thank you so much!
Just subscribed. Just excellent content. Thanks
brilliant and clear explanation. thank you and well done
I think your video are TO GOOD ! I try to read the comment section to see what people actually think of the subject and all I see is positive comment about how good you explain haha ! i want some debate and personal opinion pls haha
Good explanation, ques - given local banks have invested in technology and now payment transfer between two banks local banks is in real time. There is still a gap for offshore payments/ transfer. Do you reckon ripple is still useable? or Current technologies may join forces and address this issue?
I had a slight issue with verification, they demanded a clear picture of my details as opposed to the ones I kept uploading. A tiny bit stressful, but I got it done when I uploaded a crisp clear picture and it got updated right away. That's the only issue I had, and the customer service personnel was very understanding and responsive
So, if I understood things adequately, Ripple (XRP) is never going to see large rises in its value, such as we saw with BTC?
XRP was about 15c, 4 years ago and is now about $1. Maybe it will be $1.50c in another 3 years time, which is still far better than bank interest.
Thanks Nate. Precise great layman term presentation. May I know when xrp started for sale and initial price. Tqqq
Great work. Easy to comprehend what you say
Love the bloopers at the end!
🤑
Very Good Explaination. 👍
Very very well laid out! Thank you for presenting both sides of the story. Q: do validators make it a PoS (proof of stake) system? Or PoW?
Neither because there is no "staking" of coins nor is there any solving of a computational math problem (Pow) it is just a poll sent out for the validators to vote on. It's one of the main reasons Ripple is considered far less decentralized as there is no reward for voting so there is technically no incentive for "trusted validators" not to commit fraud
I am enjoying your videos. they are clear, well explain. I can see you have to spend some time to put content together. So thank you so much.
Thanks, :) Indeed it takes us about 20 hours to put this sort of video together in total.
How can I buy XRP right now?
This was a sublime explanation. Thank you
I’m confused as to how it’s only 100B? What about the 20B the Founders have, does this not dilute it to $120B?
Thank you to your explanations