What is Ripple? (XRP, IOUs, Gateway and Validators Explained)

[@clarencealger8380]

I understood more from your first 3 minutes than my 1 hour reading 5 different articles! I love your format of explanation, thank you!

[@ryanjburdick]

It's pretty simple. Invest in it. Unfortunately I actually started to pay attention in December 2017.

[@ryanjburdick]

The fact is it's 1000 faster than Bitcoin. Didn't mention that did ya? And. Fraction of the cost

[@ryanjburdick]

Bitcoin was the Ford model-t

[@ryanjburdick]

Great invention

[@ryanjburdick]

But now we have Ferrari and Lamborghinis

[@99Bitcoins]

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 🙏🏻🙏🏻🙏🏻

[@shin-ishikiri-no]

@@khangle1046 WTF... lol

[@claudiaclaudia936]

2021

[@benonkwesiga1952]

Ripple explained in plain English. Thanks and keep them coming.

[@ironclad452]

Your videos are some of the clearest and most informative ones out there. Thanks!

[@99Bitcoins]

Thank you so much for this feedback :) I really appreciate it.

[@surfersparadise5615]

excellent as always, thanks

[@crimson3510]

After two years... I just want to say thank you for this absolutely brilliant and stunning presentation.... 👌👌👌☀️

[@froggyjosh]

I agree! Great video 🙏

[@tenyomo]

When you say: ''Let me explain''. He will explain it very satisfying. Love you videos man!

[@spencercochran2891]

yes yes yesss!

[@terrancepinkney777]

When I have a crypto question or need a crypto technology translator.. this is 100% my first stop on KZbin!! Another excellent video well done sir!

[@fareedqumbargi9414]

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!!!

[@rhasta80]

Thank you so much for including subtitles on your videos. It so much better for us non native English speakers.

[@diamontie8]

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.

[@renaat100]

Liking the video before fully watching it is a common thing I do and never regret. You are the BOSS.

[@jonathantamonob2976]

Your explanation is very clear and well organized. I do find them are very helpful.

[@lennarthoekveen9339]

I wanted to know what Ripple was, then I saw this dudes face yet again. My worries of never understanding were gone instantly.

[@professorasandrahaddad8372]

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.

[@RAMKUMARRAMESHR]

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

[@hineskittvelvett198]

Informative and unbiased video. The way it should be. Great Job!

[@eustpedro2876]

PERFECT DELIVERY = PAINLESS EDUCATION! Thanks a bunch Nate, keep going.

[@corylyonsmusic]

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.

[@elcryptoro1268]

I know this is an older post, but you are EXACTLY on point with your comment - it really is that simple...

[@craigaudio3592]

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 :-(

[@corylyonsmusic]

@@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.

[@craigaudio3592]

@@corylyonsmusic thanks. i will check those out :-)

[@corylyonsmusic]

@@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

[@---GOD---]

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)

[@othxme8901]

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.

[@---GOD---]

@@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.

[@othxme8901]

@@---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.

[@Dakessian]

I hope this really works. I’ve invested an amount that I can afford to lose but if I win, it could be life changing.

[@deepanselvam5808]

Wow. 2 years ago still so relevant and resourceful. Thank you mate👍🏽

[@1baybrook1]

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

[@rezuhayr]

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 ❤💆🏻‍♂️😊

[@99Bitcoins]

Thank you Rezu! Welcome aboard!

[@beingintrinsic]

Your explanation was elegantly simple and helpful! Thank you!

[@alphaomega1089]

Excellent breakdown. Easy to understand. The first of its kind.

[@susankhayr3918]

Although the video was two years ago, it is very informative and you are a very good teacher.

[@Mark-kv6xt]

Fantastic video and explanation, thank you Nate

[@cryptotasha9153]

This is the most clear explanation I have heard. Thank you. Love 99 Bitcoins.

[@rexrex1008]

Bro, though I still have no idea what it is, you may be the first to give me the sense of "not knowing". Others give me "mess".

[@amaigus]

Phenomenal summary of the relevant issues. Explains the centralization issue nicely. Thank you!

[@retromoderndesigns]

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

[@adiintel1]

its still shit.

[@DodZz666]

Which banks ?

[@senseimenharachantv1130]

@@DodZz666 Bank of America,American express,Royal Bank of Canada and many more. I just name a few.🔥

[@senseimenharachantv1130]

And now probably gold.

[@DodZz666]

@@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

[@smitakullu8881]

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

[@bigglyguy8429]

All the comments are about how great the presentation was, no actual discussion about ripple? Seems legit...

[@cristianbejan1970]

This is one of the best KZbin channels I've ever come across!

[@fidlaf1]

The longer Bitcoin exists, the more difficult it becomes to “mine,” or create new coins. Without the miners, the Bitcoin network collapses. The cost of getting started as a new miner is so far out of reach for the average person that the main miners are gigantic warehouses in China. In most countries, the cost of electricity to run these computers is actually more than what the digital currency is worth, which makes it pointless to even try.The longer Bitcoin exists, the longer it takes for these computer systems to process the information. the official time for a Bitcoin transfer is “one hour,” but anyone who uses Bitcoin on a regular basis knows that is far from the truth. Transactions can take up to six hours at busy times of the day, because it averages 15 transactions per second. There is no guarantee that it will ever improve. In fact, it is likely to keep getting worse.In contrast, Ripple’s coin XRP settles 1,500 transactions every second, and they have the technology and infrastructure to make sure that they’ll never slow down. In the digital age, where people want things to happen within a split second, it is simply not realistic to think that as the world slowly begins to understand and use blockchain in their everyday lives, they will choose the slower option, Bitcoin, over currencies that are faster.

[@craigaudio3592]

thanks for this information. i have been saying bitcoin will go to 0 one day. what are your recommendations? XLM and XRP? Anything else?

[@fidlaf1]

@@craigaudio3592 + Yes anything that has true UTILITY will be the winners. XLM, XRP, VET, IOTA, ETH ( but ETH has to change the protocol. From useless proof of Work to Proof of stake) There are other projects that also have utility Utility will be king

[@davidamaral2577]

that cost of starting to mine is not by accident.. bitcoins and crypto are the establishment's way of shaking out all the true and wannabe libertarians who have turned into the very greedy, corporate/political elite, they supposedly rail against.. the idea/premise is good but what it's turned into.. not so much.. I am constantly seeing what used to be average, solid, hard working every day people start sounding and acting all high and mighty because they got caught on the lucky end of this ridiculous, unsustainable "crypto" swing.. it will crash.. that's practically a given.. and none of them seem to want to listen and just cash out most of it and put it to work in the actual "real world"... even scarier is, almost all of them can't even come close to explaining to me what blockchain is and now it works.. think about that.. bunch of libertarian wired minds all getting hard of of something "digital" that they can't truly describe.. can't physically touch.. yeah.. as much as I hate fiat currency, at least cash is something I hold in my hand.. crypto will get taken down no matter what the flavor or doer... crypto is just as far, if nor further, than those who truly want to be more organic and have something closer to true "free market" or bartering.. when you consider that if any entity or group can grow to assume 20% or more of the mining.. GAME OVER!!

[@patricklucas8008]

I admire the way you explain such technical data in a way I can absorb the information.

[@saranshgokhale8298]

What a great video! Really crisp content, explained a lot in a short time

[@sharkdzung]

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.

[@rameernam]

Thanks a lot for your great and detailed explanation about XRP and the future global Banking transactions.

[@molove2020]

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)?

[@shockingvideos1158]

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

[@williamsrafia8880]

When it comes to the world of investment, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance

[@TsetsiStoyanova]

Now i know it all....!

[@cosimo8854]

@@CarlosCastro94360 What flaws?

[@cristernicolhmanabat2798]

@@CarlosCastro94360 name that flaws now?

[@cosimo8854]

@@CarlosCastro94360 Any flaws or did you just spell fud wrong?

[@cosimo8854]

@Vi 4 Probably how we could summarise your IQ as well 🤣

[@cosimo8854]

@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.

[@akhilchandrashekar1725]

What are ripples competitors and how do they stack up ? Thank you

[@egv7468]

Thank you for this amazing explanation about XRP...

[@OlegCapovani]

Amazing explanation, this is definitely the best crypto currencies youtube channel!!!

[@SlitherHither-l9o]

Thank you to your explanations

[@aaronwolf4211]

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.

[@edwinmedina4338]

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 👍

[@Johann_]

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 🤔🤔🤔

[@eminemrokzz8182]

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.

[@koreenthomas4489]

Thank you this really broke it down and explained it very well then other videos I’ve seen

[@xajay305]

Just subscribed. Just excellent content. Thanks

[@gene9744]

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.

[@MahendMahendra-i7u]

Your exploration was elegantly simply and helpful thank you

[@NoosaHeads]

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.

[@RamonaRayTodosSantosBCS]

Yep a pain in the butt! I live in Mexico. I use Remitly. Specifically started to help transfer money cheap and fast- but it’s a very limited service.

[@charlfloms3189]

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!

[@aspiratedaloha2946]

This channel IS the best and has a bright future indeed

[@alantew4355]

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?

[@mritunjaykumarverma4662]

Who are the validators ? and what are their incentive to validation ?

[@moneyhacks1015]

Who here after XRP hit .92¢

[@khasimcdaniel3612]

Been hearing about it and thinking about investing in it but needed more info. It seems like a good investment long term.

[@xQTx]

@@khasimcdaniel3612 to late xD

[@khasimcdaniel3612]

@@xQTx nah. It’s just the beginning.

[@xQTx]

@@khasimcdaniel3612 if u say so, than it must be right ;)

[@khasimcdaniel3612]

@@xQTx Yeah, you can call me daddy now. Lol 😎

[@elainek4000]

Your presentation of relevant information is impressive & just impeccable -- both as to your delivery & as to your content. Amazing. Thk u.

[@degolyohannes542]

Your videos are concise and short. I lover it

[@OzzHubs]

Hey man can you please update about the current issue with ripple and the big dip market

[@alecread1069]

Nate you are a legend! Thanks for all of the simple yet detailed videos, I like The out takes at the end to 😂

[@99Bitcoins]

I appreciate that!

[@spencercochran2891]

If I could upvote multiple times, I would send 20. Fantastic video man.

[@inventortony8629]

so nice XRP price has a $ sign in front, not a cent sign after. all it needs now is a few commas in the price and $5.89 is a tight spread

[@etir4]

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

[@DagolarFly]

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.

[@mr.bookman5961]

Ding, ding, ding! I finally understand! Thank you for simplifying this. Keep up the good work and don't stop.

[@aureliabecker5093]

Agree very good and to the point content. Thank you

[@suryarathore5921]

very helpful ive got now basic idea how it works thanks very much appreciate your efforts😊😊

[@user-kq8rk1vd3u]

Great explanation well organised

[@lydiaheelu2681]

Wow! Thank you for this wholesome yet simple explanation. Highly appreciated 🙏🏾🙏🏾

[@99Bitcoins]

You are very welcome

[@Kem9s]

It’s happening

[@orkunugurlu9967]

New world order

[@safemoonking9501]

Pundi X could do a XRP like pump This is all my opinion: In 2015-2016 XRP was less then $0.01 with a max supply of 100 billion. 60% is owned by ripple the company themselves. People in the crypto world were saying that XRP could never hit 1 dollar mark or that the bankings and governments wouldn’t let XRP succeed. XRP total marketcap was around 50 million dollars. Now pundi X is less then $0.01 with a max supply of 258 billion and marketcap of 100 million. People are saying that it would never hit 1 dollar mark and that they wouldn’t succeed in becoming one of THE payment systems in the world. XRP went from less then $0.01 to over $3.00. PundiX is in my eyes THE XRP of this bullrun. I don’t say it wil go to 1 dollar but it can explode to 1-10+ cents. Any thoughts?

[@themarcidofamily]

Awesome video. Thanks 😎 I’m hearing, ETH can reach $50,000 and Citi Bank, claims Bitcoin can reach 500k, in the near future. What are your thoughts?

[@라셀레]

This is the best of the best contents that I have ever watched cryptocurrency related videos. Very much thanks to teacher~!

[@robertw3299]

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.

[@mikekent4687]

my wife and i now understand this crypto xrp thing better - thanks.

[@KayzonChheth]

2024 I’m still holding and waiting. XRP will Raise and shine just like the SUN in the morning. 2030+ is a ways of life✔️

[@mmahmoud9667]

Hi Nate, Man thanks for your amazing continuous educating us. Can you please cover the EOS topic? Regards, Mohamad

[@gregormartins7982]

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.

[@roberttanner7778]

With all the complications in 2020 would you still it is a good time to go into trading?

[@Jay_in_Japan]

3:04 this is the first time I've heard someone pronounce 2004 as "twenty oh four". I wonder if it's more common than I realize 🤔 Anyhow, great vid, very informative & easy to understand. Thanks!

[@francisestillore2574]

This is good project for 10years. Because when xrp are scarce in supply, the demand will be high therefore the price spike up

[@thoralder4963]

Great, easy to understand exclamation the best so far that I’ve come across. Thank you.

[@99Bitcoins]

You're very welcome!

[@guitarflash2049]

It's known that correction happens all the time but, it is hard not to think of some of the worst cases for the market .

[@nick27j]

Very good explanation, thanks

[@jaredscanlon992]

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.

[@lukaskosztolanyi1]

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.

[@99Bitcoins]

Thanks, :) Indeed it takes us about 20 hours to put this sort of video together in total.

[@CryptoFlash-s3d]

Thanks a lot for this info! I’m setting up a similar miner on my wallet and sharing my journey on my channel. Keep the tutorials coming!

[@Jonnyrockin71]

Thank you. That was infomrative and gave me the information I was looking for. Perhaps an updated video?

[@99Bitcoins]

Sure thing!

[@winewithep]

brilliant and clear explanation. thank you and well done

[@DodZz666]

So basically XRP ripple is not a blockchain, and it relies on the complete trust of the validators and is aimed for banks and not individuals and the XRP token was only created to raise funds for ripple

[@kicn]

Very Good Explaination. 👍

[@abg44]

XRP the new compliment to the US Dollar, euro, peso, yen etc...

[@joshuamorancy4482]

Grateful for this video, and the fat you made this 4 years ago, if possible if you can. make an updated video on Ripple and the lawsuit and its possible future. And if not thats ok!

[@rogerd5784]

Your presentation and content are awesome as usual.

[@RuthEgwenue]

Nice one and great explanation, thank you