/biz/ - Business & Finance

>>23516263

>>22477780
> XRP $0.35 in May 2017
Comfy

>>22465404
My body is ready

>>16473918

> down 38% since Jan 2019

> down 91% since Jan 2018

> same price as April 2017

The biggest pump and dump in this market of shitcoin scams

>>15313220

This. This shit was below a cent for almost 3 1/2 years after it was $0.05 at the end of 2013. The result of no new buyers and consistent dumping. I expect this price range to continue and/or slowly bleed down until the next bull run. But now these scammers have to convince them that after so many years of zero interest from banks.....that banks actually want to use this coin.

>>15059187

May 2017 price: $0.33

https://coinmarketcap.com/historical/20170521/

It's called CRIPPLE for a fucking reason

>>13406457

I am sure you have an excuse for 1 Billion being dumped by the company in a matter of weeks in 2018 too

https://bithomp.com/explorer/rDahLhHJaowRYn4hRkS9S2YpAeiTR8mjBF

>>13392717

Ripple employees continue to dump millions of XRP. That is why you are sitting with zero gains since December while much of the market is recovering

David Schwartz has moved around ~3 Million XRP to Coinbase in the past several days:

https://bithomp.com/explorer/r9fVvKgMMPkBHQ3n28sifxi22zKphwkf8u

Another Ripple employee has moved 7-8 Million XRP to BitThumb, GateHub, etc in the past several days:

https://bithomp.com/explorer/rHBJhToGaESqiV9K1wydyoSPZNn7K2CcM3

>>11091751

> No sources

SEB, Bank of Tokyo, Banco Santander, Western Union, Yes Bank India

- Paula Da Silva - Head of Transaction SEB (2nd largest bank in Sweden)

- Hirofumi Aihara - The Bank of Tokyo (Japan)

- Darmesh Desai - Yes Bank (India)

- Richard Dell- Banco Santander (Largest Spanish Bank, operations all over the world)

Info about the panel @ 4:57


"There is no demand for XRP (31m28s)"

and

" We cannot use XRP (because of regulations, cross border regulations, lack of demand (liquidity)"


"We are always criticized that Western Union is not cost-efficient, blah blah blah, but we did not see that part of the efficiency yet during our tests"

http://fortune.com/2018/06/13/ripple-xrp-cryptocurrency-western-union/

"The practical matter is it’s still too expensive"

>>11091809

One big whale:

1 Billion Dumper between Jan and Feb:

https://bithomp.com/explorer/rDahLhHJaowRYn4hRkS9S2YpAeiTR8mjBF

3 Hundred Million dumper in January:

https://bithomp.com/explorer/rskcAQhZie8mB39FHuJuk1ZmBaF6RYZYNV

Jeb's wallet dumped tens of millions in Jan/Feb:

https://bithomp.com/explorer/rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv

>>10631923

>partnerships

Cuallix and ZipRemit two jokes of a startup are the only ones claiming to be using XRP. Demand for XRP is what counts. Every other "partnership" is crypto vapormentals where Ripple has banks doing pilots since 2016.

> and it is decentralized

Keeping on saying it isn't going to make this true. Ripple owns 60% of the supply. You are trusting them not to dump it. The Koreans documented a list of wallets that dumped. A single wallet dumped 1 Billion in a month.

The Ripple UNL that is the bootstrap contains 5 nodes approved by Ripple. So Decentralized. And all validators have to be approved by a central authority. Ripple can't allow whoever wants to run these nodes to run them because malicious operators can do double spend attacks if they control 80% of UNLs - there might be multiple UNLs overrlapping and connecting to each other. The problem is there is NO INCENTIVE for someone outside Ripple to run a node and if they were given a chance to run a node they have everything to gain by acting malicioulsy and nothing to lose. This is why we have POW and now POS -- there has to be incentive to be a trust-less system. Ripple's is always going to be a centralized-trust system as long as they have that consensus mechanism.

https://ripple.com/files/ripple_consensus_whitepaper.pdf

>>10631927

FUD = Koreans who got billions XRP dumped on exposing Ripple. OK. Muh XRP the Standard

>>10588635

https://ripple.com/files/GB-2014-02.pdf

XRP from by gateways and these include many exchanges like Bitstamp, Kraken, etc can be frozen at any time. You can only move the XRP back to them.

> Ripple Labs is extending the Ripple protocol to enable support for both physicallike and
electroniclike currencies. This will allow gateways additional feature flexibility and in some
cases enable compliance with local laws.

> The freeze protocol extension gives gateways the ability to 1) globally freeze all their issued
funds, or 2) freeze funds issued to a particular user. Frozen funds may only be sent back to
the gateway who issued them

>>10511410

Bullish that Ripple has no use case and no banks are using it but they lining up the pockets of every washed up celebrity to shill their coin?

>>10243212

It's NOT decentralized if it's NOT running on a decentralized network. You're risking that one or more entities can tamper with it, change it, corrupt it, etc.

You're literally running smart contracts on someones web server trusting them. Sure you could maybe build up a consortium of banks or entities that host a contract but you don't have an incentive / punishment mechanism to not fuck over people. You still trust some centralized authorities with your contract.

Banks and financial institutions would be less interested than crypto geeks who want decentralization and trustless immutable contracts. Plain dumb.