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/biz/ - Business & Finance

File: 61 KB, 214x300, jacket ripple.png [View same] [iqdb] [saucenao] [google]

8128429

Anonymous Mon Mar 5 02:12:08 2018 No.8128429 [Reply] [Original]

Ripple 1 - Biz 0
You lost.. again..

1.) The opening blocks are missing! 0 -32K (The transactions are still there, the ledger headers are missing)
2.) Ripple Network is Centralized! (No it isnt. Those people dont know how Nodes/Validators Work. Hint: Ripple 0.81)
3.) XRP Coin is Centralized! (Sort of, but ripple keeps it in escrow and its really no more centralized than BTC)
4.) Its not a real crypto! (Its premined and doesnt use POW/POS it uses a concensus algorithm, just as real as BTC/ETH)
5.) Its vulnerable to a 51% attack! (Yeah, so is democracy. The difference is that at 51% attack, the ledger would pause till validators/nodes chose other trusted nodes, BTC frex would just be f--ked)
6.) Its a Bank-sters coin! (Partly but generally we're more for large Financial institutions, including banks and multinational corps, trying to settle cross border payments)
7.) Banks will NEVER use XRP (They already use Ripple's services in which XRP aids in reducing costs even further, something some already do today)
8.) Whales control XRP (No, they dont. We've seen the ledger and who owns what)
9.) XRP will never be over $X because ther are too many coins/marketcap (XRP is trying to solve a Quadrillion $ (yearly) problem. the value of XRP can litterally be anything, no limits)

>>	Anonymous Mon Mar 5 02:19:56 2018 No.8128538 K

>>	Anonymous Mon Mar 5 02:21:27 2018 No.8128560 File: 48 KB, 333x477, 1520140134609.jpg [View same] [iqdb] [saucenao] [google] We moonin bois.

>>	Anonymous Mon Mar 5 02:21:47 2018 No.8128566 Imagine the type of person who shills jew fidget spinner coin on /biz/, but only when it is in the green.

>>	CryptoCalrissian Mon Mar 5 02:22:35 2018 No.8128585 >>8128429 it's no surprise this is centralized. the second the news broke of the first banking institution that planned on using ripple, It was evident no real money would be made by those like us small fish. Oh well

>>	Anonymous Mon Mar 5 02:22:43 2018 No.8128588 File: 48 KB, 500x326, rippleSunrise.png [View same] [iqdb] [saucenao] [google] >>8128566 XRP does not need shilling - just feels good knowing you had it wrong all the time, as usual.

>>	Anonymous Mon Mar 5 02:25:02 2018 No.8128616 ripple will partner chainlink for smart oracles on codius EOY chainlink 100-1000 usd ripple 20-100usd get in or stay with the 1995 haters that said internet is just a fad blockchain is just a fad?? again? ok

>>	Anonymous Mon Mar 5 02:27:32 2018 No.8128652 Ripple is going down down down

>>	Anonymous Mon Mar 5 02:31:43 2018 No.8128712 >>8128652 you wish retard, not till Tue 5 PM EST.

>>	Ripple Fundamentals Mon Mar 5 02:34:34 2018 No.8128753 File: 201 KB, 1234x1170, ripple chainlink sergey.png [View same] [iqdb] [saucenao] [google] >>8128616

>>	Anonymous Mon Mar 5 02:47:46 2018 No.8128924 Did you know Vitalik was going to work for Ripple Inc, but had problems with visas and it never happened? Good, fucks sake we would of have 30 min TX times on Ripple network.

>>

Anonymous Mon Mar 5 02:52:16 2018 No.8128985
File: 6 KB, 211x239, 1511996805842.jpg [View same] [iqdb] [saucenao] [google]

>>8128429
>>8128560
>>8128588
>>8128616
I hope you people aren't actually this retarded, and are just shilling this so you can dump your worthless bags onto the normies who browse this board

>>	Anonymous Mon Mar 5 03:05:55 2018 No.8129166 File: 319 KB, 1698x1645, grief.jpg [View same] [iqdb] [saucenao] [google] >>8128985

>>

Ripple Fundamentals Mon Mar 5 03:12:41 2018 No.8129256
File: 183 KB, 349x517, ripple w3c.png [View same] [iqdb] [saucenao] [google]

[Performance]
-Ripple consistently handles 1,500 transactions per second, 24x7.
-Payment channels can process 10s of 1000s of transactions per second.

.
[Cost]
-A standard transaction costs just 0.00001 XRP.
-The cost is not paid to any party: it's irrevocably destroyed.

.
[Real-world use]
-5 institusions are currently using XRP (MoneyGram, Cuallix, FlashFX, IDT and MercuryFX).
-Many banks are currently using xCurrent. Since xRapid is cheaper (saves up to 60%) and provides final settlement, they are likely to transition to it.
-Bichip will use XRP in its RFID chips.
-A w3c standard that Ripple helped develop (and was demo'd by Microsoft) will be available in all major browsers, it'll facilitate paying with XRP.

.
[Economics]
-The supply is fixed.
-Unlike Bitcoin, there's no inflation. Bitcoin uses PoW which relies on inflation and/or high fees. Bitcoin requires $18M of net new $ flowing in just to maintain the price!!

.
[Security]
-Unlike Bitcoin, double-spending isn't possible. Bitmain (a Chinese company) can rollback Bitcoin's chain and bunkrupt the whole ecosystem.
-An attack could only stop new transactions temporarily. Participants would simply remove bad participants from their list

.
[Decentralisation]
-Each participant can run a validator and use his own list of validators.
-validators role is to agree on an order for new transactions
-10s of reputable public & private entities around the world are currently running validators (e.g., Microsoft, MIT, CGI, WorldLink, Bahnhof,..)
-Consensus for the order of new transactions requires a supermajority of 80%

.
[Incentives]
-XRP is a revenue source for Ripple Labs. This aligns its incentives with XRP hodlers. It uses the revenue to improve the tech and expand XRP's marketshare.
-Ripple Labs share is locked in 55 batches on the network. Only one batch can be unlocked per month. It would take them 5 years to unlock them all. XRP is sold only to long term investors (i.e., they can't dump)