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.
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
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 🙏🏻🙏🏻🙏🏻
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 ❤💆🏻♂️😊
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
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!
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.
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
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.
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.
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.
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
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.
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.
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.
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.
This is an amazing channel for a simpleton like me . Thanks yo broke it down to my level (caveman) and I’m not walking away from the video dizzy and more confused
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)?
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.
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!
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
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
@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.
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?
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!
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
After two years... I just want to say thank you for this absolutely brilliant and stunning presentation.... 👌👌👌☀️
I agree! Great video 🙏
When you say: ''Let me explain''. He will explain it very satisfying. Love you videos man!
yes yes yesss!
When I have a crypto question or need a crypto technology translator.. this is 100% my first stop on UA-cam!! Another excellent video well done sir!
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!!!
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.
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😁 💰💵💰
10,000 xrp and still buying
Informative and unbiased video. The way it should be. Great Job!
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.
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
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
Your explanation was elegantly simple and helpful! Thank you!
Phenomenal summary of the relevant issues. Explains the centralization issue nicely. Thank you!
What a great video! Really crisp content, explained a lot in a short time
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!
PERFECT DELIVERY = PAINLESS EDUCATION! Thanks a bunch Nate, keep going.
This is one of the best UA-cam channels I've ever come across!
Best explanation I have seen so far.
Thank you 😊
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
I wanted to know what Ripple was, then I saw this dudes face yet again. My worries of never understanding were gone instantly.
Your presentation of relevant information is impressive & just impeccable -- both as to your delivery & as to your content. Amazing. Thk u.
Who here after XRP hit $2.62 ‼️‼️
that's how u know we have been sleeping on this
Already at $3! I think its gonna skyrocket.
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!
Excellent breakdown. Easy to understand. The first of its kind.
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.
This is the most clear explanation I have heard. Thank you. Love 99 Bitcoins.
Although the video was two years ago, it is very informative and you are a very good teacher.
Wow. 2 years ago still so relevant and resourceful. Thank you mate👍🏽
Amazing explanation, this is definitely the best crypto currencies youtube channel!!!
I admire the way you explain such technical data in a way I can absorb the information.
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
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
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 👍
If I could upvote multiple times, I would send 20. Fantastic video man.
Thank you this really broke it down and explained it very well then other videos I’ve seen
Fantastic video and explanation, thank you Nate
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.
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.
This channel IS the best and has a bright future indeed
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!
Thank you for this amazing explanation about XRP...
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.
Great, easy to understand exclamation the best so far that I’ve come across. Thank you.
You're very welcome!
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
Your exploration was elegantly simply and helpful thank you
All the comments are about how great the presentation was, no actual discussion about ripple? Seems legit...
Your videos are concise and short. I lover it
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.
Thanks a lot for your great and detailed explanation about XRP and the future global Banking transactions.
This is the best of the best contents that I have ever watched cryptocurrency related videos. Very much thanks to teacher~!
Great work. Easy to comprehend what you say
Love the bloopers at the end!
🤑
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.
Wow! Thank you for this wholesome yet simple explanation. Highly appreciated 🙏🏾🙏🏾
You are very welcome
Your presentation and content are awesome as usual.
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".
Just subscribed. Just excellent content. Thanks
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.
Great video one of the best explanations I've seen.
Thank you so much!
Thank you to your explanations
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!
brilliant and clear explanation. thank you and well done
very helpful ive got now basic idea how it works thanks very much appreciate your efforts😊😊
Great Video. The only thing I disagree with is the implied influence Ripple has over its community; therefore defining it as centralized.
This was a sublime explanation. Thank you
Very Good Explaination. 👍
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?
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.
Your videos are amazing. So glad I happened to stumble upon your channel. 🤟💯🚀
Agree very good and to the point content. Thank you
Great explanation well organised
my wife and i now understand this crypto xrp thing better - thanks.
What are ripples competitors and how do they stack up ?
Thank you
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.
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.
Thank you for your simple and effective explanation. Viva Nicaragua!
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.
How is it going now?
@ I sold 50% about a year ago and right now it’s going pretty good.
@@Dakessian yes just hold it and let it sit right there
This is an amazing channel for a simpleton like me . Thanks yo broke it down to my level (caveman) and I’m not walking away from the video dizzy and more confused
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)?
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.
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!
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
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
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
Nice one and great explanation, thank you
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.
Hey man can you please update about the current issue with ripple and the big dip market
Thank you. That was infomrative and gave me the information I was looking for. Perhaps an updated video?
Sure thing!
Great explanation. Thank you so much.
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?
Very clear and concise - so important
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!
Best videos to understand crytocurrencies, thanks!!!
Who are the validators ? and what are their incentive to validation ?
Very good explanation, thanks