/biz/ - Business & Finance

no one wants your bags anon

>>5709946

Kikecoin

Fucking kikes attacking all forums.

Mods! Fuckign ban pastas!

>>5709971
>>5709972
>>5709984

3 replies, not a single rebuttal to the unrefutable fundamentals. The absolute state of biz.

Stay poor.

>>5710086
Ya unfortunately it is the state of /biz

It’s gone downhill since normies have discovered it.

Say it normies “b b but muh marketcap”

>>5710120

sad isn't it? XRP is light years ahead of literally any other crypto out there, and these tards can't see the forest for the trees.

Ripple will dethrone Bitcoin, there's no doubt about it.

>>5709946
Thanks but not thanks, if I wanted a centralized coin, I'd stick to fiat

>>5710773

Of this I have no doubt. And it's not even because I'm *that* big of a believer in XRP, it's because BTC it's such a colossal piece of shit.

dont fall for their tricks, goys. They want you to sell your precious deflationary ETH / BTC / BTH / BTG

>>5710120
>Say it normies “b b but muh marketcap”

Bitcoin's market cap is not the ceiling, because bitcoin is practically useless now. XRP on the other hand serves a real-world purpose, and Ripple speaks to an industry that is worth trillions of dollars.

In 2018/2019, we will all be using it to pay for everything online (pic related) and institutions are already using it to save fees (e.g Cuallix).

>>5710191
>>5710773

both fucking wrong. XRP is good (( im jewish )) , but it's hard to compare to other crypto's. XRP is a product not a 'currency'. There's a single corp behind it, which has it's advantages and disadvantages.

invest how you fucking want, don't let the jew memes get to you.

>>5710835

Ripple: 55 validators
Bitcoin: ~20 mining pools, 80% of the hashing power in China - a communist nation.

Tell me more about "muh decentralization".

>>5709946
The coin isn't required for the network to work. It's literally useless

>>5710086
>3 replies, not a single rebuttal to the unrefutable fundamentals. The absolute state of biz.

The problem is you aren't buying a share of Ripple. You are buying a token generated by Ripple.

>>5710926

Well I'm here to make money. XRP has outperformed every top crypto this year, so.................

>>5710889
they are not deflationary, in matter of fact, Bitcoin's 21 million cap will be removed.

Do you think I'm kidding? Blockstream and other influential people in the space think this is highly likely:
https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-d43bf0cf058a


Mining costs money. The mining reward havles every certain number of blocks, when the mining reward doesn't become enough, fees will skyrocket and Bitcoin will become even less usable.
PoW is such a broken garbage.

F U C K R I P P L E
U
C
K

R
I
P
P
L
E

Op I tried to spread the word when xrp was 23c, the escrow was so obvious as a requirement before big money flows in....
Biz will continue to chase shitcoins with white papers and all talk.
2018 will be the year for real projects delivering and shitcoins being left behind.
Picking a legit coin like xrp was the easiest investment I have ever made, not to mention real coins delivering with actual results will be rewarded 100x more than shitcoins pumpndumps.
4K xrp hodling (got it at 20c)

>>5710926

it's actually more decentralized than bitcoin

.Bitcoin
-One company has more than 50% of the hashpower (Bitmain)
-One oppressive country has more than 50% of hashpower (China)
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents (Bitmain)


Ripple
-10s of validators run by reputable non-related public and private entities in different countries (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-At least 80% of validators must agree for a ledger to be validated
-double spending not possible
-Anyone can run a validator and make his own list of trused validators
.
tldr; with bitcoin you have no choice but to trust whoever purchased the most hashing power, with Ripple, you explicitly choose who to trust.

>>5710990

>you're not contributing to the value of Walmart by buying their products

Tell me you're not actually this dense...

>>5710996

good, if you are investing money without the sole purpose of making money you are a street retard (unless you are so rich you just want to mould the world to your vision in which case why go in this shit forum.

>>5711050

>>5711087

Tell me you aren't actually this dumb.

If you buy products are Wal-Mart, you contribute to their bottom-line, which then increases the stock price.

XRP isn't a stock. If Ripple IPOs, their token will be worthless. You are just giving them free money.

>>5710952
>>5710990

(((no replies)))

>>5711143

>street retard

Tell me, putz - what pays your electric bill? Your mortgage? Your car payment?

Is it BTC or dollars?

Kek, what am I thinking... you probably don't even know what the fuck these things are...

>>5711050
lmao

Where is your tinfoil hat?

>>5709972
If you can't beat the jews then join them

>>5711071

hahahahahahahaha

as an XRP investor this is the stupid fucking shit I have ever heard.

ripple and xrp are two different things. if ripple shut down, ripple would be next to fucking worthless very quickly.

if that's decentralized go fuck your stupid self.

- jew mother fucker who knows better

2018 is the year of ripple
bull run starts now

>>5711183

XRP is the merchandise provided by Ripple.
Everything you buy at Walmart is the same.

Are you fucking stupid or what?

>>5709946
>ranked 16th most powerful woman

Also Ripple isn't a crypto currency.

>>5711244
if Ripple shuts down, the network would continue to function smoothly, price will take a hit because investors will think something is wrong.

If most Core devs quit the project today, what do you think will happen to bitcoin's price?


If China pulls a 51% attack, what do you think will happen to bitcoin's price and all proof-of-work coins?

>>5711418
But but but who cares it says decentralized :O

>>5711326
>XRP is the merchandise provided by Ripple.

You think banks are gonna buy XRPs and competition between regular users and big institutions will determine the price. Ripple can make XRP out of thin air and charge neonate the cost of service to the bank.

And good job ignoring my point that you aren't buying shares in a company. You are just buying a token that you hope won't be useless and other people will want to buy at a higher price in the future (greater fool).

>>5711376

yes it is you retard. crypto doesn't mean decentralized. it uses cryptography for the purposes of currency therefor its a crypto currency.

don't be fucking dense.

>>5710990
Ripple 101
----------

-The supply is fixed. There's no inflation.

-The current transaction cost for a standard transaction is just 0.00001 XRP.

-The transaction cost is not paid to any party: the XRP is irrevocably destroyed.

-Ripple consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.


-Ripple Labs share is locked in 55 batches, only one batch can be unlocked per month. It would take them 5 years to unlock them all. This makes their incentives 100% aligned with XRP holders. Ripple Labs is always working on creating new partnerships (e.g., Amex, Santander, ..) and expanding XRP's marketshare.


-Ripple doesn't use proof-of-work anywhere which requires inflation and/or outrageous fees (as in Bitcoin)


-Ripple is more decentralized than Bitcoin. With Bitcoin, you have no choice but to trust whoever purchased the most hashing power (currently it's a chinese company called Bitmain). With Ripple, you can run your own validator and setup your own trusted validators list. 10s of non related reputable public and private entities around the world are currently running validators (e.g., MIT, Microsoft, ..etc), many more keep joining.

.
-The software is open-source (Stellar was a fork of Ripple).

>>5710921
>speaks to an industry that hurrr

I don't give a shit about those industries, crypto currencies make them obsolete. Ripple has no use case.

>I need to transfer money
>bitcoin exists
>I'll use this pointless centralized shit instead

>>5711461
Can you please show the line of code?

Can make thin air, please show line of code or just play this here>>5711231

>>5711418
no, if ripple shut down the network would be fucked, don't kid yourself. ripple is the only group offering to support the network.

and yes I agree, if any crypto had no more chance of continued development it would be dead.

>>5711418

>China attack

One thing I've noticed about the corecucks - they have no idea what "chain death spiral" is.

To put it simply: If the Chinese government decided to seize and shutdown all BTC mining hardware tomorrow (which they could do in a goddamn heartbeat) bitcoin dies an instant irreparable death. The remaining hashpower can't match the difficulty which would never re-adjust. By the time you got enough new miners online BTC would have fallen so far in the rankings nobody would give a flying fuck anymore.

YAY COMMUNISM!!!

>>5711461

>You think banks are gonna buy XRPs and competition between regular users

Nope. They buy institutionally at a discount, which is explicitly stated at Ripple.com

If banks are implementing ripple-like systems. then it stands to reason that ripple is fucking worthless and should be shares in a company not a fucking ICO.

>>5711528
>bitcoin
>$50 fees, hours of waiting
>most hashpower belings to one entity in china
>not useless

lmao

here's what the owner of bitcoin.org and bitcointalk.org has to say about bitcoin's centralization and mining. you can't be possibly more dedicated to bitcoin than him.

>>5711520

I don't care about their marketing bullshit. I want real fundamentals with a business plan. And also why the fuck would I want to buy XRP instead of their future IPO?

Now say in English was XRP does? What problem does it solve?

>>5711544
>Can you please show the line of code?

They can make XRP 2.0. There is nothing saying they have to keep using XRP forever. You are being a token.

>>5711639
This. Fucking chinese miners have ruined bitcoin

>>5711580
this scenario was outlined by an early bitcoin adopter.


Stop. Calling. Bitcoin. Decentralized - Egor Homakov
https://medium.com/@homakov/stop-calling-bitcoin-decentralized-cb703d69dc27


faith in all PoW coins would be destroyed forever

>>5711695
No line to show.... quick i need to find another answer, ah yes they can make xrp 2.0.

They already made it called xlm and the dev(mccalb) is dumping billions on the market ;)

>>5711695

>Now say in English was XRP does? What problem does it solve?

saves 60% on remittance costs. next question?

>>5709946
If you support the jew coin you can burn with them. Same for the ad coins. These deserve nothing less than to be utterly shunned. They are the antithesis of the original vision

>>5711071
>with Ripple, you explicitly choose who to trust
You can already do that with actual crypto currencies that aren't just made up tokens distributed entirely to the creators and Ripple Labs and sold to you for literally 100% to you without any obligation or promise to return that value to you.

>>5711780
Please buy mah bags. Ark it is. Please hurry up to my bags.

>>5711732

Yep, and it's totally true. Bitcoin is at the mercy of a communist regime. So many retards on biz are completely clueless of this minor (major) fact.

>>5711780
>distributed entirely to the creators and Ripple Labs

not true
you have to do better than that if you want us to sell below $10.

https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/


Ripple Labs share is locked in 55 batches, only one batch can be unlocked per month. It would take them 5 years to unlock them all. This makes their incentives 100% aligned with XRP holders. Ripple Labs is always working on creating new partnerships (e.g., Amex, Santander, ..) and expanding XRP's marketshare.

.
I'm comfy as fuck because a company is working full time to pump my bags.


Let's see other coins:


Ether: Vitalik is threatening to leave because of memes
Litecoin: Charlie dumped on the noobs and said he will soon.
Bitcoin: Core devs refused to increase the blocksize even temporarily, and as a result, fees skyrocketed, the price crashed, more merchants are dropping and no one is using it for payments anymore


incentives matter.

>>5711482
How about you stop being so dense. Cryptography is what secures the network and makes it trustless. There's no point to Ripple when everything can run on a network in which trust is in the mathematics and not the people.

>>5711894
Bagholding was never easier than with XRP

>>5711639
Sorry I should have said crypto currencies.

>>5711580
BCH solved this.

>>5711899
how dense are you? the data is signed cryptographically, the nodes have cryptographic identity (public key).

you explicitly choose who to trust, which is more anarchist than trusting whoever purchased the most hashing power (that's a chinese company called bitmain).

>>5709946
Quality thread anon. Too bad I didn't diversify like I said I would, maybe later when a correction hits or the market crashes, as it will eventually.

>>5711950

I have nothing against BCH. I have nothing against ANY improvement on technology.

>>5711894
>creators took 20%
>Ripple Labs took 80%
>you gave them bitcoin for these tokens

>>5711974
and the threshold for validating the ledger is 80%. It's impossible to get all these entities around the world to listen to you while Jihan (owner of Bitmain) can simply be ordered by the chinse government, then you can say good bye to the 250 billion cap.

>>5712017
Wahahahah you actually know that 80% of XRP is traded against FIAT??? why you brainlets always lying

>>5712017
lying again, one/two founders donated the share.

Ripple Labs owns only 55 billion, can only be unlocked in 5 years, one at a month. They are working full time to pump my bags.


With other coins, founders and few early adopters/miners hodl most of the coins and refuse to sell, they cripple the market by keeping the liquidity low and companies fear they will get dumped on at any time.

Ripple sells to institutional buyers who can't dump on the market by legal and technical constrains.

>>5712100
>and refuse to sell

or they dump on noobs like Charlie then announce they will leave soon, or dump some of the coins and threaten to leave like vitalik because of mean memes


would they do that if their coins were locked for 5 years?

>>5712153
> noobs like Charlie

ok.

>>5712260
he did dump and said he has to leave the project

great exit scam

bump

>>5712305
are you seriously bumping a fucking dickchan thread..riddle me this r tard, why did he announce he was selling his ltc?

not saying he isn't fucking stupid, but why would he announce it? not an exit scam. might be a scan, but you are too stupid to fathom it (and so am I, cause I can't explain his retarded behavior, unless he's been slowly selling out for months).

OMG stupid pajeet shilling for scamcoin??

XRP is dead, own by the banks and big corps

RIPPLE IS CRIPPLED, sold all of it ath

>>5712877

>HURR DURR I CAN'T REFUTE A SINGLE FUCKING POINT MADE BUT RIPPLE IS CRIPPLE

>>5712922

RIPPLE IS SO CRIPPLE

XRP ended 2017 so badly, OMG embrassed for the bag holders

>>5712808
>copy/pastes bitcoin
>replaces "bitcoin" with "litecoin"
>"I created this because asic is evil. freedom from asic now!!!! buy it"
>bitmain and others creates asic miners for litecoin anyway
>bitmain gifts him asic miners
>he doesn't change asic
>coinbase hires him
>first thing he does is adding litecoin even thought other superior coins weren't added
>litecoin surges like a motherfucker
>he quits his job at coinbase
>later
>litecoin reaches ATH
>"that's it guys I'm cashing out"
>"and oh by the way, I'm leaving the project too"
>"thanks for all the money suckers"
>not an exit scam

>>5712962

>XRP up damn near %30,000 percent on the year
>badly

Are you legitimately brain damaged or what?

>>5712971

*he doesn't pow algorithm
*though

>>5712971
*he doesn't change pow algorithm
*though

2018 will be the year when Bitcoin will be dethroned.

>>5713433
Shots fired

>>5711050
Have fun holding those Bitcoin bags idiot.

I'm 96% in on XRP but I have a gripe. This minimum balance is fucking retarded. I have 25 XRP tied up in gatehub with no way to get it out. I have 4k XRP tied up in Bitfinex, but if I want to trade some for XLM on another exchange like Poloniex, I'd have to either
a) XRP to BTC, transfer and pay the chinks, then BTC to XLM
b) XRP to new XRP account, pay 20 min balance, then get XRP to XLM.

tl;dr Ripples minimum balance is fucking retarded.

>>5710120
It's not the normies. Normies want Ripple.
What ruined /biz/ are /pol/tards.

>>5714174
XRP was few cents when this limit was chosen. It's meant to reduce spam. Imagine someone creating trillions of addresses with 0.000.....1 ripple to inflate the ledger


--
https://ripple.com/build/reserves/

The XRP Ledger applies reserve requirements, in XRP, to protect the shared global ledger from growing excessively large as the result of spam or malicious usage. The goal is to constrain the growth of the ledger to match improvements in technology so that a current commodity-level machine can always fit the current ledger in RAM and the full ledger history on disk.

To submit transactions, an address must hold a minimum amount of XRP in the shared global ledger. You cannot send this XRP to other addresses. To fund a new address, you must send enough XRP to meet the reserve requirement.

The current minimum reserve requirement is 20 XRP. (This is the cost of an address that owns no other objects in the ledger.)

>>5710935
China's ruling party can literally seize control of all of Bitcoin whenever they choose.

>>5710120
protip: you should be muh marketcapping BTC and LTC

you'd notice they have been gaining market while losing value. Not going to spoon feed you on what this means.

>>5711053
Anon, there are people who can see, people who can be shown, and people who cannot see even when shown.
As soon as I was shown ripple, it was a very easy decision.
I'm in with you since $0.2
Here's to the moon in 2018!

>>5714312
or worse, pull a 51% attack and turn all exchanges and bitcoin bushiness insolvent.

the 250 billion cap would evaporate, even if core developers hardfork and restore the old chain.


Stop. Calling. Bitcoin. Decentralized. – Egor Homakov
https://medium.com/@homakov/stop-calling-bitcoin-decentralized-cb703d69dc27

>>5714290
>What ruined /biz/ are /pol/tards.
>look at me and my special zuper sekret board
Fuck off autism

>>5714305
Like I said, fucking stupid.

Is it possible that Ripple will revise the minimum balance now that it's no longer $0.25 a token?

>>5711151
http://web.archive.org/web/20100708230258/http://people.csail.mit.edu/rahimi/helmet/
Jokes on them. It just amplifies the mind-control waves!

>>5714342
>you'd notice they have been gaining market while losing value. Not going to spoon feed you on what this means.

many of the retards here think they are smart and they can't see it, the normies they hate can see it, and that's why they are running to Ripple.

>>5714375
*businesses


>>5714382
of course they would

>>5714423
>of course they would
Potential timescale?

>>5709946
isnt this just not mineable, centralized, 100 billion supply shitcoin with the hidden agenda as a tool for the kikes of ws to steal btc?

>>5711050
good luck buying a house with bitcoin

>>5714444
they will probably bundle it with other changes in the next release (don't know when).

>>5711757
There's a constant in the code defining the maximum number of tokens as 100 billion.

The amendment process for adding code patches requires that 80%+ of the network validators vote to include any given patch. If they wanted to increase the supply, they'd have to convince everyone running the validators (banks/FIs/corps/universities) to vote for it.

One of the main selling points of XRP is the limited supply.

You're probably just interested in spreading FUD, so I don't expect to convince you. Either way, there are the facts.

>>5714174
They've commented on this. The minimum will very likely be amended in the future as the price goes up. I imagine once it crosses a certain value threshold and stabilizes. Not difficult to fix, but you might have to hang on to those for a while... not that you shouldn't be holding anyway...

>>5714382
/pol/tard detected.

>>5711757

1- XRP's price would collapse immediately
2- Their main source of revenue would be gone.
3- Their reputation, the most important thing you need in this business, would be irrevocably destroyed. No one, not users nor banks would trust you them again
4- they would be sued into oblivion by the institutional buyers who bought directly from them under the fixed supply assumption
https://ripple.com/xrp/buy-xrp/-
5- they would need to convince ALL exchange and validators which are very reputable(like MIT, Microsoft, ..etc) to go along with the scam.

>>5712877
>owned by banks and big corps
>its dead
>banks and big corps
>dead

so which is it faggot? how can it be supported by the people that have access to trillions in assets and be dead?

>>5714581
>... not that you shouldn't be holding anyway...
I'm 96% in XRP, I'd like to be at least 70/30 XRP/XLM for the hold. I understand that they'll be overrun with wallet addresses, but with XRP hitting $2/token, suddenly a $40 speculation is a lot for normies who just want to play with $100.

>>5714598
Damn right.

>>5714629
> how can it be supported by the people that have access to trillions in assets and be dead?

YOU COMPLETELY DO NOT UNDERSTAND THE ENTIRE IDEA BEHIND CRYPTO YOU FUCKING DENSE RETARD. ENJOY HOLDING YOUR JEW BAGS. I LOOK FORWARD TO THE AN HERO THREADS. SCREENCAP THIS.

>>5711695
>future IPO
Why the hell would they do that?

They have $55bn XRP in escrow, in 5 years that'll be >100bn USD if the price remains at $1.9/token. IPOs occur because the owner wants to cash out. With Ripple, they're using their own technology as an ICO in a roundabout way.

>>5714720
>doesn't know that the 21 million cap in bitcoin will be removed and it will inflate forever to subsidize the miners and keep the fees reasonable

I feel sorry for you. See >>5711005

>>5714720
Gee, I wonder (((who))) invented crypto in the first place...

>>5714720
>THE ENTIRE IDEA BEHIND CRYPTO
Literally who gives a fuck about your principles when there is $$$ on the line?

>>5714720
lets see, which is better investment
a coin created by random poor people on the internet with no usability at all or a coin created by a corporation that is used by large banks and corporations?

enjoy staying poor

Just bought 10k Ripple. I believe Ripple will rise.

https://discord.gg/c7VG3Vf

>>5714406
exactly, these guys who hate XRP on principle are actually speeding up XRP's take over because they aren't participating in the dumps like they would any other coin out there.

its hilarious they are actually helping normies get rich.

>>5714804
> Literally who gives a fuck about your principles when there is $$$ on the line?
That's why you will always be a loser. Even if a monkey wears a golden ring, it is still a fucking monkey.

>>5714882
except in this case banks and corporations are the golden ring because they have money and shitcoins like btc and the rest are the useless monkeys

>>5714882
> Even if a monkey wears a golden ring, it is still a fucking monkey.
Careful anon; that knife cuts both ways.

>>5714901
Alright Cheeta.

t. Tarzan

>>5714882
> spotted the Dutch faggot
Honestly, answer me this. Why should a large soulless corporation not hijack/use this technology when it benefits itself?

Their dollar talks more than your mouth does.

>>5714926
>t. poor commie that hates rich corporations

>>5714816
Ripple will bring unimaginable amount of money. Bitcucks don't realize their 250 billion market cap is a drop in the sea.

>>5714863
emotional trading/investing always ends with tears.

Dumping fresh OC BEST KOREA NUCLEAR RIPPLE memes!

>>5715127
nice

Dropping fact-fortified pasta on the intellectually malnourished.

XRP is a coin designed by and for 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

Asumming 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.

Ripple may never release all 100 billion coins into the market. At some point they may "donate" tens of billions of coins to various central banks and then the central banks will use small portions of those reserves to intervene in the markets every few years. They could use XRP as the new global reserve currency for the next 80-100 years until the supply runs out. Then they abandon it in favor of something else.

>>5715157

Thanks! That one is my favorite.

Fairx which will be the biggest exchange when released is going to run on stellar xlm...

If you think ripple is king you are deluded

>>5715204

One exchange vs 150 banks.

Maybe you think that a currency with better properties can win simply on its technical merits? No. The currency with more users exchanging goods and services will win, regardless of its technical merits. Although having good technical merits will certainly help. Why hasn't Raiblocks or one of the other lightning fast, scalable cryptos already beaten BTC? Simply because people still want to trade goods and services for BTC, even if it is slow and expensive. If major, fortune 500 companies announce support for XRP it will result in rapid market adoption because of all the customers, goods and services represented by fortune 500 companies.

Look at it this way. A few car dealerships have already announced that they will sell cars for BTC. Compare that to Ford, or GM, or VW announcing that they will sell any and all of their cars for XRP. A local coffee shop accepting BTC, compared to Starbucks accepting XRP. A corner grocery store accepting BTC compared to Costco accepting XRP. Do you see that the scale of customers, goods and services is totally different?

>>5715267
You have literally pulled all of those facts from your arse... you must hold some serious bags

BEST KOREA NUCLEAR RIPPLE BATTALION REPORTING FOR DUTY!!!

>>5715174
>XRP as the new global reserve currency for the next 80-100 years
> Jews giving up control of their central banking systems
Not a chance. I like Ripple, it'll allow banks to move money back and forth, but don't for a second think that the eternal Jew will just give up control of their banks to an external, third corporation like Ripple.

>>5715293

Bro, do you even google?

Ripple is a financial nuclear weapon!!!

Ripple is the debt jubilee!!!

>>5715323
the world is embracing crypto, they have to embrace it too. this is like a second change given to them, and they won't miss it this time.

>>5709946

Serious question: is this going to be the "Phoenix" coin? The NWO shit?

>>5715323
Banks already move money back and forth.

Unlike fags on the internet banks trust each other, so there is no need for them to use any coins.
As long as they are banks they can use their centralized databases to run everything.

>>5715323

Maybe I wasn't clear, but I meant that the people who control the central banks today also control ripple.

>>5715413
If Ripple tech impinges or even nudges the central banking systems, you think every national and supra-national government in the world won't come down on it with the power of 9000 suns? It'd be great for it to happen, but I refer to my earlier comment >>5714804

>>5715465
They don't though. It's owned by a few random McCaleb dweebs.

>>5715455
They do it slowly, with a high error rate via SWIFT.
The current system also requires them to keep $27T in nostro accounts for cross-border currency swaps.
XRP solves both of these.

Saying that "it's just numbers in a database lol" and "banks already move money around" indicates you have done little research on how this aspect of banking is done.

>>5715494

Ripple is an inside job. The same people who own the central banks also own ripple. They're faking a free market crypto revolution. They're going to pump $Trillions into ripple and pretend like it's some amazing cinderella story.

>>5715455
>Banks already move money back and forth.
This is true, but it's expensive and still quicker to jump on a plane than to transfer large sums through clearing houses and what not.

Banks will explicitly move to blockchain for their own ledgers, but I can't see them moving the entire global hegemony into a relatively small company to do transactions.

>>5715494
right now banks are making more money off the booming crypto market than anyone. Not only are they loaning to traders but they are trading themselves.

when they stop making insane profit they will come down on cryptos like death and time

>>5715494
>the world won't come down on it with the power of 9000 suns?

they would push people in other coins that have been already hoarded by founders and early miners and adopters

and they don't want that

>>5715449
Yes. You found out

>>5715531
Why dont you buy instead of bitching?

>>5714342
I'm new at this but it's clear that the market cap is directly tied to the price by definition. You're trying to isolate market cap from price--how?

>>5715449
If you read the article about that "Phoenix" coin you'll notice a few eerie similarities to what XRP does.

>>5715572

The only crypto I have is ripple. I'm trying to alert people to the situation so they load up their bags too.

>>5715585
Market Cap = Price x Supply
That's all.
The supply is fixed, so the demand creates the price.

>>5715540
I think you're wrong and here's why. If a single crypto upsets the order, governments see ALL cryptos as a threat. Why target Ripple today when Stellar is going to fuck them in the arse tomorrow?

Don't get me wrong, I'm 96% of the way in on Ripple to the sum of 5 digit USD, but I don't see it going as viral as you all seem to think.

>>5715538
Again I disagree. If a dweeb like me is able to write bots claiming inefficiencies in the markets, it means that banks have not already shut down even the most obvious or arbitrage possibilities.

>>5715590

Very interesting indeed: https://socioecohistory.wordpress.com/2014/07/26/flashback-1988-get-ready-for-a-world-currency-by-2018%E2%80%B3-the-economist-magazine/


Ripple is helicopter money.

>>5715651
do you even have any idea who is sitting on Ripple's board?

>>5715651
>>5715723
read bio of every single one, then tell me if you still hold the same opinion.
https://ripple.com/company/board-of-directors/

>>5709946
+500% in one month

It's going to correct like f

>>5715715
Interesting idea.
From the "Helicopter Money" wiki entry:
> In November 2002, Ben Bernanke, then Federal Reserve Board governor, and later chairman, suggested that helicopter money could always be used to prevent deflation.

Bernanke is one of the ones who has been vocal in his support for Ripple. Just to spell it out for people - this is a FEDERAL RESERVE central banker shilling for RIPPLE.

https://www.coindesk.com/bernanke-blockchain-payments-obvious-area-tech-help/

https://cryptovest.com/news/ex-fed-reserve-chair-ben-bernanke-lauds-ripple-says-bitcoin-will-be-squashed-by-governments/

There are so many bigshots connected to this. It could be an extremely elaborate con (and I'm sure they'll all end up richer like they always do) but something tells me that whoever can read this properly and has the guts to buy in is going to be rewarded big time.

>>5715651
your bots are just part of the ecosystem I'm talking more late game stuff. Like when people will start using privacy coins to avoid paying back taxes and loans.

>>5715777
Yes, I understand there are a few power names in there, but hardly the kind that are going to re-create an entire global financial system.

>>5715788
Already corrected from 2.4 to 1.9. Even last night it was at 2.3. Sorry you missed out anon.

>>5715788
it has already corrected and it will dethrone Bitcoin this year.

read: >>5710921

only the retards here are thinking emotionally, it's really sad that the braindead normies who didn't give a fuck about crypto all these years are making crazy gains and they are not

>>5715788

Ripple is a financial nuclear weapon. They are going to pump $Trillions into it. If you don't buy it you are insane.

>>5715849
>Ripple is a financial nuclear weapon

best description of Ripple so far.

>>5715777
>https://ripple.com/company/board-of-directors/

Not a single black person, are they racists?

Also 6 men and 3 women, i would say that is sexist also.

>>5715899
> 3 women
abandon ship

>>5715899
Ripple is committed to diversity
> in their currency pairings

>>5715899
>Not a single black person
BASED

>>5715788

Nigger it corrected like 60 cents which is more than enough. This is the new floor atm.

>>5715872
Already sold my Ripple. Also, a single person can do global freeze of XRP. There's nothing more centralized than Ripple.

https://news.bitcoin.com/is-the-centralized-ripple-database-with-the-biggest-pre-mine-really-a-bitcoin-competitor/

>>5715921
>Zoe Cruz
>Co-President of Morgan Stanley from 2005 to 2007


>Anja Manuel
>Anja Manuel is Co-Founder and Principal with Condoleezza Rice and others in RiceHadleyGates LLC, a strategic consulting firm that helps U.S. companies navigate international markets

>Susan Athey
> She previously taught at the economics departments at MIT, Stanford and Harvard.
>Susan Athey is Professor of Economics at Stanford Graduate School of Business


quality choices

>>5711326
Can walmart produce millions of goods by clicking a button?

>>5716018
> bitcoin.com
Gee, I wonder what their conclusion will be.

>>5716035
What a bunch of nobodies!
Seriously though - a little spook-y.
This whole thing smells like a project.

I'm in since 77 cents and I'm out the second it hits Coinbase and the normies buy in. This shit is easy money but it has a retarded concept that is clearly aiming to be abused by the banks.

Trade based on logic, not emotion. There's no reason not to have some XRP, simply because it will definitely go up, regardless of whether you support its scummy endgame.

>>5715988
>>5716018
fake news

roger is salty because Ripple is beating the shit out of his pet project btrash.

Only tokens can be frozen by their issuer, which is logical because tokens are inherently centralized. Ripple can't freeze your XRP.

>>5716091

You're not going to wait for it to become the new global reserve currency, with a market cap of $50 Trillion?

>>5716108
Ripple has literally already frozen people's XRP. They can do it to anyone or even everyone at the same time..

>>5716089
they need people with powerful connections to penetrate trillion dollar markets

or you thought a bunch of anonymous developers coding from their basement would be embraced by financial institutions and governments? no, you need connections, you need years of building reputation and trust, you need to lobby.

one of them worked extensively on legislation:
>Ben has over 20 years’ experience in law and financial services regulation at both the federal and state levels, including being the former superintendent of financial services for the state of New York, chief of staff for Governor Andrew Cuomo, and co-chair of Governor Cuomo’s Cyber Security Advisory Board. He also created BitLicense — an industry-leading regulation for digital-asset businesses operating in New York state. Lawsky will be instrumental to helping us increase institutional adoption of XRP.

>>5716140
No, they haven't. You're talking about the situation with Jed, and that is the rumor that got started, and probably by him!
The EXCHANGE froze his assets after he sold $1m worth of XRP.
Ripple cannot freeze your XRP.

>>5716140
you will have to do better than that if you want us to sell below $10

and we aren't buying btash anyway so just give up and go back to shilling it in twitter

>>5716172
> or you thought a bunch of anonymous developers coding from their basement would be embraced by financial institutions and governments?

No. This is how other people think.
I know how it works.

>>5716140

Just like they can with central bank money. Who cares. They're going to run it up to a $50 Trillion market cap. When XRP is done going up, then buy back your crypto whatever.

>>5716183
The “freezing” of McCaleb’s funds revealed an interesting feature tied to the Ripple public database. Ripple Labs can freeze XRP accounts using two possible methods: one can stop the functionality of an individual account while the “global freeze” can bring the entire network to a halt. The global freeze is not a rumor, and Ripple Labs issued a statement about it on August 1, 2014.

>>5716138
Like I said, there's no reason not to have 'some'. I'll probably sell 50 - 75% of my stack. If it does become the world currency, having anything will make great money, but Coinbase is the biggest moon you'll have for a while.

>>5716172
>Lawsky
Lawsky was the first person that fucked crypto in the arse when he was on the NY financial board introducing regulations.

The man is the very definition of a hooked nose kike on the blood trail for money.

>>5716221
this shilling is getting really pathetic,

we told you, for the third time, Ripple can't freeze XRP, only tokens (called IOUs) can be frozen by their issuer.

>>5716271
sounds like the perfect man to increase Ripple adoption and ensure it stays fully complaint with the law.

>>5716221
> The XRP Ledger gives addresses the ability to freeze non-XRP balances
> Because no party has a privileged place in the XRP Ledger, the freeze feature cannot prevent a counterparty from conducting transactions in XRP or funds issued by other counterparties.
https://ripple.com/build/freeze/

Please fuck off and read until you understand the tech, brainlet.

Ripple is a centralized scamcoin that should have died in 2014 the last time they pulled scam shit

Buy Raiblocks and stop being a bitch

>>5716271
Put me on his team, please.

>>5716349
Piss off back to objective poverty Pajeet.

We're actually having a reasonable discussion in here.

>>5711183
wrong.
https://asia.nikkei.com/Markets/Tokyo-Market/Virtual-currency-Ripple-effect-takes-SBI-to-9-year-high

>>5711050

K, just sold 100k

>>5716430
Just bought 100k

>>5711183
Why would Ripple ever have a IPO/ICO?

They're releasing 55bn XRP over 5 years. That's worth a lot more than any IPO/ICO could generate if things go their way.

>Buying a Token issued by a private company
I would rather buy tether, at least it has volume and is traded

>>5716489
"Ugh. I'd never use tokens issued by a privately owned enterprise."
> pays in USD

>>5716533
Because I can't pay rent and tax in bitcoin yet. Good luck selling your bags, and much strength holding them if the hype wears off. btw, I would rather buy ripple company shares, the token has no future, the company, other game

>>5716592
You can buy shares if you're an accredited investor.
I bought XRP early on, so unless it completely implodes, I'm making money.

>>5711528
>I need to transfer money
>bitcoin exists
>my transaction is unconfirmed for weeks
>lost biz opportunity
your turn

>>5716625
>I bought XRP early on, so unless it completely implodes, I'm making money.
thanks for confirming that the hype is over.

>>5716625
>I bought XRP early on, so unless it completely implodes, I'm making money.
This

0.23 my niggers. Price would have to utterly implode.

>>5716685
You'll wish it was if you haven't bought it.
Even if it's over though, I'll take these gains :)

>>5714312
>>5714375
haha this is shit tier fud

i didnt believe in the ripple conspiracies before but now i do, kill yourselves

>>5716788
> muh bitcoin

>>5711520
>-Ripple doesn't use proof-of-work anywhere which requires inflation and/or outrageous fees (as in Bitcoin)
it doesnt require either you fucking retard

>>5716824
That's exactly what he said.

I think you misread anon.

>>5716961
proof of work requires neither

>>5716592
>he token has no future

XRP is literally the only usable production ready coin with a future

>>5712987
>I can't into sarcasm
lad, pls

>>5717044
There is no economic incentive to computer PoW without fees or the system creating and giving you tokens.

Sure you CAN do it out of the good of your heart, but why would you?

>>5716214
Doing God’s work, anon. So how long until $500 per xrp?

>>5717044
it does because miners don't work for free
you pay the miners with fees and/or miner rewards (i.e. inflation)

miner rewards halve every certain number of blocks, at certain point they won't be enough and fees will have to rise even more. one of the two things will happen
1- bitcoin dies
2- core devs remove the 21 millipn cap and increase inflation to subsidize the miner. many people including blockstream think this is highly likely:
https://medium.com/@rusty_lightning/the-three-economic-eras-of-bitcoin-

>>5717157
> digital gold
> limited supply
> there's only 21 million!
Oops!
Literal scamcoin.

>>5717117
You would need a market cap of $19,369,572,423,500.00

Quite a bit away from it's current $84.5bn market cap

>>5714720
>*ideologically loses money*

>>5717095
>>5717157
You guys are either newfags or idiots. The miners reward are still high enough to incentivize mining, the problem you describe won't happen until at least 5 years in the future.

In either case, if the number of transactions increase the fees don't have to increase at all. This is what Craig Satoshi wants to happen this is what we're trying to do with Bitcoin Cash, we need mainstream adoption for fees to stay low.

But to say that pow necessitates high fees is straight up 100% wrong. I'm sure kikestream wants to remove the cap, their bastardized corecoin has less and less resemblance to the original project for every passing day.

>>5717196
Why did you bother doing that calculation?
It's the same as saying it will go from $2 to $500.
Do you think there's something magical about a market cap?
I see people referencing it everywhere as if it gives them some special understanding.

>>5716018
>asking Apple to write a column about how great Microsoft Windows is

>>5715899
>less women
>no negroids
this is a bad thing?

>>5717270
>The miners reward are still high enough to incentivize mining
>reward
This reward you refer to must be monetary right? Thus, it must be in fees or with creation of new tokens, i.e. inflation.

The problem with fees is that those who pay more, get prioritized first. That's basic capitalism and makes sense. So therefore, the more you pay, the quicker your transaction will be processed. This leads to higher fees for everyone so they don't get stuck in a traffic jam waiting days until nobody else pays higher than them.

>problem you describe won't happen until at least 5 years in the future.
tick tock, tick tock

>>5717342
>Why did you bother doing that calculation?
I have my excel sheets done out so I just pushed in the number. It took me under a second.

>Do you think there's something magical about a market cap?
Relative to the current timeframe, I do. There is ~$610 bn in the overall market. I'd like to know where and when, in the short time frame, that XRP is going to but a reign on things and stabalise.

>I see people referencing it everywhere as if it gives them some special understanding.
I see people discounting it everywhere as if it gives them some special understanding.

You're speculating that it can go so high as $50tn, I'm speculating that it won't go so high. Therefore, it gives me an idea of if this pony is stalling and there is another pony I'd like to hedge on.

>>5709946
Ripple is E-coin. Fuck you OP.

>>5717270
>btrash shill

hahahahaaa as expected

btrash has even a bigger problem

its pitch is "low fees", you will need to remove the 21 million cap sooner than bitcoin

every time a miner joins the network, the revenue of existing miners decrease. ASICs of different manufacturers will be released in 2018.


the next halving happens in about 2 years, and by the way, jihan said many times in interviews he likes inflation.


go suck roger's cock, faggot

This shit is designed to stay at a pretty static price. It's a fucking terrible idea to invest in this jewcoin with any tangible amount of money.

>>5717565
I don't think in any other scenario people would call a currency Jewish for maintaining it's stable value.

>>5717565
xrp is a source of revenue for Ripple Labs

saying they want it to stay low is like saying they hate money

I'm comfy as fuck because I've a professional company working full time to pump my bags and create real demand for them. this was announced days ago:


>Cuallix became the first worldwide institution to use xRapid — Ripple’s solution that utilizes XRP as a liquidity tool — to reduce the cost of sending cross-border payments from the U.S. to Mexico.

.
https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/

>>5717270
>until at least 5 years in the future.
are you suggesting to put my hard earned money into a currency that may become completely useless if certain scalability issues are not fixed?
Is there a minimal chance of that happening?

Have a good day, sir. Good bye.

>>5717565
Wrong. They've stated they want it to be as high as possible, while remaining stable over the long-term. So, a steady increase, but no pump and dump.

The markets they're targeting are measured in tens of trillions. If the XRP token is to handle that, the price must rise so that such an amount of value can be transmitted. But, it can't just rise to equal the amount to be transferred - it has to rise to the point where the huge amounts being transferred do not cause swings in the market. Read that again.

That will require quite a large valuation.

>>5709946
All the early crypto peeps know XRP is bad.
This is pretty obvious that (((they))) are trying to replace bitcoin with a centralised pseudo-crypto.

Really fucking bad guys! Fuck the profits, we need to warn everybody about this garbage.

>>5715821
((((News))))


Ripple will redpill us all!

>>5718389
Lay off the meth.

>>5718384
> /biz/
> Fuck the profits

>bitcoin threatens central bankers
>central bankers merge in form of ripple
>proceed to pnd ripple
>meanwhile bitcoin grows, each head cut off grows two more forks in sweet sweet crypto dividends
>individuals get more financially free as money rains on them
>last words of central bankers: b-b-but muh 17000tps for coffveve

>>5718464

>100's of coins mooning each month
>needs bankster XRP to make a profit

Fuck off faggot. I've made 70+ BTC without touching the shit

>>5717505
>The problem with fees is that those who pay more, get prioritized first. That's basic capitalism and makes sense. So therefore, the more you pay, the quicker your transaction will be processed. This leads to higher fees for everyone so they don't get stuck in a traffic jam waiting days until nobody else pays higher than them.
>>5717542
you fucking subhuman retards, this is where number of transactions come in. Miners don't give a fuck if they get 10 transactions paying 100 dollar fees, or if they get 10000 transactions paying 0.1 dollar fees.

>>5717542
fucking kill yourself

>>5718217
there is no scalability issue, there is an adoption issue. yes if bitcoin cash doesn't become widely adopted within a couple of years it will be useless

stick to the stock market boomer

>>5718575

stock market?
I'm all in in xrp. great gainz so far

>>5718638
fucking retarded pajeet

>>5718294
Severely underestimated post

>>5718575
> 100000 transactions of 0.1 fee
> I decide to pay a fee of 0.2
Whose do you think will be processed first?

>>5718649
btrash faggot ching chong cock sucker

>>5718686
Both will be processed in the same block because both are profitable to mine.

A fee market only happens if you have full blocks, if blocks are not full all transactions will be mined in the next block because all the fees big or small are profitable.

>>5718698
go shit in the street

That OP is just a list of reasons to make the Holocaust happen for real this time

>b-b-but muh ripple inefficient central banker swift transactions
>>individual flips off bankers, send btc globally to anyone anywhere, received in seconds, confirmed in a few minutes just now
>>>shills be reeeeee “muh 50 dollar fees, muh 2 weeks wait”

>>5718933
> confirmed in a few minutes
Truly the technology of the future.

>>5718906
go cook rice for your mongoloid masters

>>5718754
You have literally no concept of either the technology or the economics, and therefore it is pointless arguing with you on points already made and justified.