/biz/ - Business & Finance

XRP is destined for the moon, but there's no point trying to tell these anons it will happen in a few days, when it drops a few points most of them just shit themselves and panic sell.

>>2065742
ftfy

>>2065742

BTC is struggling, should break out later tonight or morning.

i fucking hope so

i feel like a dumb shit for buying at .22

>buying a scamcoin with no usage and no future
Daily reminder that even if banks adopt the ripple protocol AND use a native token for transmittance, they STILL will not be using XRP, as setting up a separate ripple network and distributing the tokens to their members would be quick and facile and cost literally less than 1/1000 of the cost of buying a fuckton of XRP

>>2065792
Firstly, the way I see it, XRP is a vehicle for transactions, the actual cost of an individual XRP is not important, it costs the banks nothing less or more if they buy 1 billion dollars of XRP at 1cents or 1 dollar, the only thing important is that the coin is stable enough for it to be viable, thus the price is of no real concern (more so a benefit), only the volatility is. Again, the important thing is that when a bank dumps 1 billion $ on XRP is that it stays valued at 1 billion $, if that's 1xrp or 1 billion xrp it doesn't really matter at the end of the day.


Secondly, who are these "banks that can just distribute tokens to their members"? There's thousands of banks, do each make their own tokens? How do banks trade these tokens then, if they are issued by each bank individually, and who controls the supply of tokens, if each bank can just issue their own? Will banks accept made up internal tokens from competitive banks? The way I see it you need a 3rd party, not controlled by any individual bank, maybe someone like Ripple labs, to facilitate the use of the same token across different banks, control the supply, and bring different institutions together and form a consensus on the use of XRP as the vehicle for transactions.


Do tell me if I'm seeing it wrong here.

>>2065792
>>2066267
Adding to that, I bought in before it mooned, literally 400% gains so I couldn't give less of a fuck about it being a scam rn