/biz/ - Business & Finance

>>5929949

>>5924112
>Doesn't know that global paper and electronic currency is at least $90 Trillion
>Doesn't know that global stock markets are at least $70 Trillion
>Doesn't know that global bond markets are at least $215 Trillion
>Doesn't know that global real estate markets are at least $215 Trillion
>Thinks its delusional that the new world reserve currency would have a market cap of $50 Trillion or more.

>>5898229

Yes. The banks realize that the money printing game is over. They've printed money for the past 100 years and they and their friends have bought up everything of value. Furthermore, they engaged in all kinds of fraudulent financial crimes like naked short-selling, fraudulent record-keeping, opaque and slow foreign exchange markets with huge commissions, overly complex and ambiguous financial contracts and frivolous lawsuits, in order to accumulate more property. Now there is nobody left to scam but themselves. Now there is too much paper and electronic money with nowhere to go, and it threatens hyperinflation, domestic peasant rebellions, collapsing the bond market, and international war. So they built a weapon. It's called XRP. It will kill the paper and electronic money by being an asset that people can buy without overpaying for stocks and bonds, or causing hyperinflation by purchasing commodities. It will kill all of the financial scams, buy being the native currency of Interledger. Interledger will tokenize all assets in the economy. All stocks, bonds, real estate, gold, silver, oil, wheat, etc will be tokenized and tradeable on Interledger for XRP. There will be no more naked shortselling. No more delaying settlement of a transaction in order to short it or loan it out to skim off extra money. No more lying about who owns what assets. No more overly complex financial products where nobody knows who owes what to who and it gets litigated in court at the cost of millions of dollars. XRP will kill all of that. The central banks made XRP because they need to kill all of the financial predators they created, if they are to survive.

XRP will save the West. XRP is a hero.

>>5899319
>The richest, most powerful people in the world, who control hundreds of $Trillions in wealth, governments and armies.
>Hire the world's finest programmers and cryptographers in order to custom-build a new global currency and cryptographic ledger that solves all of their problems, meets their every desire and will serve as the foundation of the global economy for the next 80-100 years.
>Develop a master blockchain to rule all other blockchains, called Interledger, with the end game being the tokenization of all stocks, bonds, real estate, gold, silver, commodities, and even cryptocurrencies, with XRP as the medium of exchange.
>Putting a stop to all the naked short selling scams, exchange rate scams, fraudulent back office paperwork scams, and frivolous lawsuit scams that have been rotting the global financial system from within, and threatening to destroy the Western world.
>Spend years testing it with more than 150 banks in multiple countries, in multiple continents, quietly improving and refining it.
>Don't tell anybody they are transitioning to a new world reserve currency so as not to cause panic
>Release XRP into the free market and let it do its work.

>B...b...bagholders

How many people on this board are over 18? Almost nobody has any real-world life or business experience. Almost all posts are the same one-liners and repetitive insult that only children would make. There is a childlike disdain for factual, logical, historical analysis of the cryptocurrencies and the macroeconomic landscape.

I have no problem with children being on 4 chan but we need to see the situation for what it is.

>>5894834

>>5860769
>considers selling XRP even though he know's it's designed by billionaires, trillionaires, banks and governments to go to war against the $90 Trillion in paper and electronic currency worldwide.

They're just as sick and tired of paper and electronic money as you are. Don't fuck up.

>>5855412

How can they even compete?

>>5802162

Absolutely.

>>5799833

Why in the FUCK does nobody on this board do basic macroeconomic research?

XRP is a coin designed by and for the billionaires and trillionaires.

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

$90 Trillion - global paper and electronic money
$70 Trillion - global stock markets
$215 Trillion - global debt
$215 Trillion - global real estate

Assuming a supply of 100 billion coins, if 1% of these assets moves into XRP, that's a $5.9 Trillion market cap, or $59 per coin. For XRP to hit $1000, 17% of global wealth needs to move into XRP. If the circulating supply of XRP is kept at the current level of 38 billion, only 6.5% of global wealth needs to move into XRP for it to hit $1,000.

Ripple is an inside job. Ripple is owned by the same people who own the central banks. Ripple is owned by the billionaires and trillionaires. XRP is a crypto designed specifically to meet the needs of the billionaires and trillionaires. They will use XRP as their vehicle to reset the global financial system. Those 55 Billion XRP locked up in escrow may or may not be released into the economy. It doesn't even matter. My opinion is that when they pump up the market cap of XRP to $50 Trillion the company Ripple will "donate" those 55 Billion XRP to the IMF, or BIS or some new ultimate central bank, and they will use that reserve of XRP to manage the global economy for the next 80-100 years. Then they will eventually abandon it in favor of something else.

>>5799419
XRP is a coin designed by and for the billionaires and trillionaires.

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

$90 Trillion - global paper and electronic money
$70 Trillion - global stock markets
$215 Trillion - global debt
$215 Trillion - global real estate

Assuming a supply of 100 billion coins, if 1% of these assets moves into XRP, that's a $5.9 Trillion market cap, or $59 per coin. For XRP to hit $1000, 17% of global wealth needs to move into XRP. If the circulating supply of XRP is kept at the current level of 38 billion, only 6.5% of global wealth needs to move into XRP for it to hit $1,000.

Ripple is an inside job. Ripple is owned by the same people who own the central banks. Ripple is owned by the billionaires and trillionaires. XRP is a crypto designed specifically to meet the needs of the billionaires and trillionaires. They will use XRP as their vehicle to reset the global financial system. Those 55 Billion XRP locked up in escrow may or may not be released into the economy. It doesn't even matter. My opinion is that when they pump up the market cap of XRP to $50 Trillion the company Ripple will "donate" those 55 Billion XRP to the IMF, or BIS or some new ultimate central bank, and they will use that reserve of XRP to manage the global economy for the next 80-100 years. Then they will eventually abandon it in favor of something else.

>>5799448
Good.

>>5795705

When you shill, I shill.

The banks don't want to collect all of your precious BTC and ETHemon. They don't want your 7 transactions per second, 15 minute block times, and $30 fees. They want you to use a currency that they issue and track. They want to issue it, so they can inflate it and give it to their friends first. And they want to track it so that they can assess sales and income taxes.

There is no "SCARCE" or rare cryptocurrency. It doesn't matter if it only has 16 million units or 16 trillion, especially since they are all divisible by 8 decimals. All that matters is that as many people as possible are willing to trade goods and services for said currency.

XRP is the bank, billionaire, trillionaire, fortune 500, government cryptocurrency. In their mercy for the thousandaires, they've been telegraphing this for a very long time. The market cap of all global paper and electronic currency is about $90 Trillion. If major retailers, such as Amazon, Target, Walmart, Starbucks, McDonalds, etc announce that they will sell products for XRP, market adoption will be very fast and Trillions of dollars will flow into XRP.

Another retarded part of this theory is the claim that the banks want to hoard all the BTC and ETH so they can use it to buy into new ICO's. That would simply result in the banks dis-hoarding their BTC and ETH and releasing it back into the marketplace and they would then be holding bags of various shitcoins.

To summarize this absolutely idiotic theory:
> 1) Banks create Ripple (I agree with only this part)
> 2) Banks trick the market into trading BTC and ETH for XRP, so the banks can hodl the precious BTC and ETH
> 3) Banks then trade the BTC and ETH for shitcoin ICOs.
> 4) ...
> 5) Profit?

>>5797029

7 transactions per second is reality. That has real-world consequences for people's ability to use it as medium of exchange for real goods and services.

After that problem is solve, people will then take issue with the massive waste of electricity by all Proof of Work cryptos. The free market tends to eliminate waste, and Proof of Work is incredibly wasteful.

>>5796865

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

$90 Trillion - global paper and electronic money
$70 Trillion - global stock markets
$215 Trillion - global debt
$215 Trillion - global real estate

Post your source so we can compare.

>>5796064
>>5796116

Thanks! First night posting it.

Buy it back. What XRP has done this far was just the live testing phase. Nothing compared to what is yet to come.

Yes, Monero and other privacy coins will be relevant after the global financial reset. But comparatively little capital will flow into those privacy coins. The black market is much smaller than the legal market, and therefore doesn't require as much currency in order to function. Monero also has scaling issues. Can it do enough TPS in order to support the worldwide black market? Is there another privacy coin that can do the job and has enough market adoption? My opinion is to go all-in on XRP and then wait for the dust to settle before going into privacy coins.

>>5770027

Audibly keked.

>>5767828
>But from the ashes, the trillion dollar marketcap coin is there.

Yes, and it's called XRP.

Yes, long gold and silver miners in addition to XRP.