[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 57 KB, 2000x574, Ripple_logo.svg.png [View same] [iqdb] [saucenao] [google]
15304727 No.15304727 [Reply] [Original]

to even remotely understand why would anyone buy XRP. Redpill me, please.
>unlimited supply
this means no matter when, what price and how much you buy the tokens will never be scarce
>literally only one usecase
that is unironically obsolete already and will be completely ancient (maybe a comparison to sms function on smartphones) in the future where transaction of value will be handled solely by BTC
>devs hold the absolute majority of coins in their private wallets
ready to dump at any time
>devs are not the brightest when it comes to blockchain or even computer technology
at all
>the community... jesus christ
its almost as if they were all the lambo and to the moon meme but they are genuinely serious. Like there is no chance xrp will fail, they dont even consider this

>> No.15304740

>>15304727
90% of XRP bagholdings are 2017 crypto newfags who cought XRP because it was "cheap" (completely disregarding circulation) and they thought it would be the new Bitcoin.

>> No.15304762

>>15304727
this is bankers plan b, if things start to get worse and crypto starts to impose as a real payment system

Here's why they don't even consider xrp failure.

>> No.15304771

>>15304740

2017 is being way generous. 2017 is when the pump side of the pump and dump was happening. most XRP bagholders mostly idiots who bought during the dump. they were super later

>> No.15304775

It's a scam

>> No.15304784

>>15304727
it's the hopamine derived from its first pump a couple year's back. same with eth-heads - they think history will keep on repeating itself, always, in the same way.

>> No.15304794

>>15304762
how possibly could a literally printed money by a private company with no regulations or anything become a "payment replacement" ? Bankers going to willingly make random dudes the richest and most powerful people on the planet? If anything, it will be some non-profit coin with zero monetary initial distribution

>> No.15304796
File: 33 KB, 399x399, JAH.jpg [View same] [iqdb] [saucenao] [google]
15304796

>>15304727
One day xrp cryptocurrency will be $589 a coin

>> No.15304826

>>15304794
how could a total shitcoin have a 12 bil market cap?

this is heavily backed from the start

>> No.15304873

>>15304727
Unlimited supply

Nice try. The supply is capped at 100 billion, made to accommodate 10k/XRP, accounting for 1 quadrillion USD of value. It also has a burn mechanism so it is slightly deflationary.