Ripple website updated!

[Anonymous No.11224554]

Get in here boys!

https://ripple.com

No separate products now. All rolled into one.

xRapid is now just called 'on demand liquidity' as part of RippleNet

https://ripple.com/ripplenet/on-demand-liquidity/


Is this xRapid launch? BULLISH

[Anonymous No.11224581]

>>11224554
https://ethereumworldnews.com/ripples-website-gets-updated-ripplenet-showcased-as-sole-payments-solution/

[Anonymous No.11224718]

>>11224581
Shir article by faggots. anything that quotes that dumb bitch tiffany hayden cant be taken seriously

[Anonymous No.11224728]

>>11224718
ok you don't think its relevant that they updated their site to roll their three products into the one commerical product they've already rolled out to banks?

[Anonymous No.11224774]

>>11224728

i still see it.

https://ripple.com/ripplenet/source-liquidity/

[Anonymous No.11224790]

>>11224774
not listed/linked through on main page anymore

clearly they just updated, old links still work

[Anonymous No.11224913]

This is why the fud about banks only using xCurrent is nonsense. Ripple built their whole platform from the ground up to serve XRP. Ripplenet (xCurrent, xRapid, xVia) solves the problem that many banks couldn't directly hold crypto for regulatory reasons. And it solves the payment chicken and egg problem (no payments bridged thru XRP b/c there is no liquidity, no reason to provide liquidity since there are no payments). IMO the only question is how quickly XRP bridging takes off.

[Anonymous No.11224935]

>>11224913
>IMO the only question is how quickly XRP bridging takes off.
exactly

future is bright anon

incidentally if we have a financial crisis in 2019 and the banks can't trust eachother's solvency anymore xrapid will become the defacto replacement for Nostro 100% guarentee

[Anonymous No.11224953]

>>11224913

people say this solves the problem of not needing prefunded money for nostro accounts.

but banks create money from fractional reserve lending anyway.

they can lend out 90% of the money they don't even have and this can go from one bank to another multiplying the money supply.

it seems as tho XRP is trying to solve a problem that doesn't exist with notion of "freeing up funds from pre-funded nostro accounts"

correct me if i'm wrong. just trying to wrap my head around a digital asset that banks put on their ledgers anyway through fractional reserve lending.

[Anonymous No.11224955]

>>11224554
Sorry anon, dump by Monday.

[Anonymous No.11224957]

>>11224554

[Anonymous No.11224975]

>>11224554

centralized shitcoin with no use case

sage

[Anonymous No.11224983]

>>11224955
>Sorry anon, dump by Monday.
monday is Swell brainlet

https://swell.ripple.com/

lol the absolute state of nocoiners

[Anonymous No.11224996]

>>11224975
>centralized shitcoin with no use case
Rofl

what is pic related brainlet

what is codius
what is coil
what is ILP

If you still think XRP has no use-case you haven't been keeping up anon.

Further the use-case for all these other digital 'assets' on CMC is highly questionable.

[Anonymous No.11225003]

if anyone can legitamately answer my question about money creation and fractional reserve lending and why XRP is needed for a balance that banks can freely create maybe i'll buy some

but not a single person can give me a straight forward analytical answer.

[Anonymous No.11225008]

>>11224996

you shills have been at it all day, nobody is buying your heavy ass bags

[Anonymous No.11225032]

Optional*

[Anonymous No.11225061]

>>11225003
it's a scam but more simple than you think. I can explain it using eth and gemini usd (gusd) and tether (usdt).
Assume you already have gusd on an exchange and you want to send usdt to another account on a separate exchange.
Transferring erc20 tokens takes more gas than transferring eth directly.

You can either:
sell gusd for usdt
send usdt to your recipient and pay 60k gas
or
sell gusd for eth
send eth to another exchange and pay 21k gas
buy usdt with your eth there

That's it. That's literally what xRapid does, just xrp rather than eth. Just look at image posted by >>11224996

[Anonymous No.11225093]

>>11225032
>Optional*

Use of RippleNet is optional too anon

It's called living in a free society.

>>11225008
>you shills have been at it all day, nobody is buying your heavy ass bags

Tell that to the 100% price rise week on week retard. Lmfao

>>11225003
>if anyone can legitamately answer my question about money creation and fractional reserve lending and why XRP is needed for a balance that banks can freely create maybe i'll buy some

For two banks inside the same domestic jurisdiction with the same central bank they don't need XRP. For two banks in different jurisdictions they need to trust eachother's solvency and the stability of the fiat currency their nostro is denominated in.

This is fine during bull markets but come 2001 and 2008 for example you have a problem. Banks are reluctant to hold trillions of dollars with eachother if there is any uncertainty about solvency.

Correspondent banking relationships have been declining for years. The IMF writes about it extensively. XRP is very well positioned now to take over this function.

[Anonymous No.11225099]

>>11225093

>buys ripple
>calls other retards

[Anonymous No.11225101]

>>11224953

to lend money you need a bank that wants to borrow money. borrowing money costs money. XRP saves money. Nostro costs are eaten by banks regardless of where the money comes from. XRP saves money.

[Anonymous No.11225103]

>>11225061

People who invest in this don't understand how money today is created through fractional reserve lending. every dollar in circulation has an equal value of debt associated with it.

if banks can freely created these balances through fractional reserve lending I'm desperately trying to find a reason why they would XRP as a place holder

the real problem unilaterally with banks is that they all use swift messaging, a messaging system alone if upgraded can solve the problem with speed and settlement times without the use of a fabricated digital asset, as they can put numbers on a screen at all either way.

[Anonymous No.11225114]

>>11225093

>For two banks inside the same domestic jurisdiction with the same central bank they don't need XRP. For two banks in different jurisdictions they need to trust eachother's solvency and the stability of the fiat currency their nostro is denominated in.

understood but foreign banks, and all banks all use fabricated fractional reserve lending...they all create money out of thin air by requiring to keep less on balance than what they lend out.

this isnt a trust issue. the real problem with currencies today are the governments that freely issue them and abuse their power to debase, censor, and control free trade and the participants within the system.

[Anonymous No.11225118]

>>11225061
XLM is 5 seconds and you can do more with it. Why would you want to use XRP?

[Anonymous No.11225121]

>>11225114

this is dumb.

[Anonymous No.11225134]

>>11225114
>understood but foreign banks, and all banks all use fabricated fractional reserve lending...they all create money out of thin air by requiring to keep less on balance than what they lend out.
>this isnt a trust issue. the real problem with currencies today are the governments that freely issue them and abuse their power to debase, censor, and control free trade and the participants within the system.

This is a different problem than the remittance/nostro problem.

But it's true, fiat currencies are a long term problem for the global economy.

Don't you think maybe with banks using XRP for settlement there might be a monetary premium on XRP for just general transactions too?

[Anonymous No.11225137]

You actually made me buy XRP.. fuck you OP

[Anonymous No.11225142]

>>11225137
>You actually made me buy XRP.. fuck you OP
welcome to 'making it' the club

[Anonymous No.11225145]

>>11225118
Can somebody answer this please.

[Anonymous No.11225151]

>>11225121

it's not dumb. i work at a bank. theirs no cost associated with creating debt and an artificial supply of digits on a screen.

XRP is trying to solve a problem as a place holder that doesn't exist because every bank issues money in a similar fashion.

[Anonymous No.11225167]

>>11225151

are you a janitor at the bank? You should understand where your bank gets it's money and where it spends it. International SWIFT transactions are cost centers for all but the 10 major banks that source liquidity on their own account. I'm not sure what lending has to do with what you;re saying except that banks need to use their own credit with a JPM or similar in order to get access to their Nostro accounts.

[Anonymous No.11225174]

>>11225103
You're not thinking on the right level, it's very simple and fractional reserve or not doesn't even come into question. There's no 'usd' on ripple. Each bank has its own dollar or other fiat token. It's literally like gemini usd, only it's 'X bank's usd', redeemable to 'fed's usd token'.

Ok, a more direct example. Let's say you have yen and you want to get mexican pesos. The problem is that particular pair has almost no trades. So what you instead do is sell your yen for dollars, and then buy pesos with dollars.

xRapid wants to replace dollar in that scenario with xrp. Get it?

Which is obviously never going to happen, because there's zero reason for anyone to trade anything for xrp really... other than duped speculators

[Anonymous No.11225184]

>>11225167

lol I'm not a janitor. I'm a financial advisor

I am certainly not larping. I'm asking a serious question that needs to be pondered about seriously.

and I know about swift i help customers wire money in and out internationally all the time.

you do realize that SWIFT is also working on their own blockchain right?

[Anonymous No.11225186]

>>11225174

how are you getting from low liquidity corridors to zero reason to trade for xrp?

[Anonymous No.11225194]

>>11225174

>You're not thinking on the right level, it's very simple and fractional reserve or not doesn't even come into question. There's no 'usd' on ripple. Each bank has its own dollar or other fiat token. It's literally like gemini usd, only it's 'X bank's usd', redeemable to 'fed's usd token'.

understood, if everything was on a blockchain, why not use something similar to atomic swaps for traditional currencies instead of having a conduit currency?

[Anonymous No.11225198]

>>11225184

then you should know that lending has literally nothing to do with expenses associated with balance transfers.

do you know how swift works? do you know which banks your banks has correspondent accounts with or do you "just help[ customers send international transfers" from behind the teller desk?

[Anonymous No.11225208]

>>11224554
>hey guys we just changed the wording a bit

lmao it's still a centralized shitcoin that doesn't need XRP used

[Anonymous No.11225209]

>>11225194

XRP is the atomic swap until atomic swap becomes possible - which it wont

[Anonymous No.11225210]

>>11225194
>>11225198

Isn’t World Wire better?
https://www.ibm.com/blockchain/solutions/world-wire

[Anonymous No.11225217]

>>11225210

It could be. But Ripple already beat them to market by years. We'll see what happens. That's why I hold only XLM and XRP.

[Anonymous No.11225220]

>>11225198

it has everything to do with lending, because the money being transferred out was created by fractional reserve lending,

it's basically a transfer of a debit balance technically.

that money that came into existence and transferred out was brought about by lending.

[Anonymous No.11225225]

>>11225186
USD pairs have lot of liquidity because lot of people want usd itself, which creates a base level of liquidity. Only due to that other entities use it as a temporary conduit - because that's _already_ the currency with the most liquidity!
XRP _only_ use is supposed to be as a temporary placeholder. Where's the liquidity coming from? Nowhere.
It's absurd and Ripple knows it.
>>11225194
>why not use something similar to atomic swaps for traditional currencies instead of having a conduit currency?
Yep. That, or some fiat token that's actually in demand - I don't know, like 'JPMorgan USD' is going to be used as a temporary conduit. There's probably lots of people wanting to sell whatever they have into it and out it.
XRP is completely worthless and has no place in this scenario.

Their supposed 'cost savings' are a scam. What they did was assume ZERO spread on XRP pairs, and then compared transfer costs between direct trades and XRP. That situation is never, ever going to occur in real life.

[Anonymous No.11225226]

>>11225217
XLM also has the ability for devs to build on it. Look at all the projects developers are building on it.

[Anonymous No.11225233]

>>11225209

it seems as though you are making too many assumptions about how the world doesn't work

atomic swaps is a real thing by the way.

[Anonymous No.11225235]

If ripple moons, i will invest 1k
All i have is 1k for fucks sake

[Anonymous No.11225247]

>>11225225
>where’s the liquidity coming from

That’s what I’m saying for stellar. If people are using it for regular apps in the ecosystem. Then XLM is naturally going to be desired and wanted. That’s why it’s better than Ripple. Please prove me wrong

[Anonymous No.11225249]

>>11225008
Good cause I’m not sellin. Been in since .26. How are your XLM bags?

[Anonymous No.11225258]

>>11225249
Neither have a working product at the moment so this “gloat” is retarded.

[Anonymous No.11225261]

>>11225145
>PLZ RESPOND

[Anonymous No.11225263]

>>11225225

case in point.

[Anonymous No.11225275]

>>11225261
Lose your money then. XRP pumps are useless. I wouldn’t be surprised if this is a marketing ploy to make their currency appear to be worth something by “pumping” it

[Anonymous No.11225283]

>>11225261
Also you do realize that Ripple thought their coins were almost worthless at some point?

[Anonymous No.11225291]

>>11225258
Except my port is up 100% and yours is up 20(?)

you can get in a pissing contest with me if you want but then everyone is gonna see that I have a MUCH bigger dick. Now won’t that be embarrassing for you retard?

[Anonymous No.11225294]

>>11225220

why do you keep saying factional reserve lending? That is not the issue here. Banks must be sufficiently capitalized... with real money they earn from operations. They do not print money. Any money they lend is limited by their capitalization. Any money they keep with another bank is a real money cost they could use elsewhere. What is your point.

>>11225225
USD is high liquidity for a number of reasons. It is also expensive and slow to transfer any currency into and out of when compared with XRP.

[Anonymous No.11225295]

>>11224953
It's still money that could be better spent elsewhere. Reserve requirements have gone up, and the number of nostro accounts has actually been declining recently despite a huge increase in demand to send money to other countries. Many banks don't even try to pre-fund because it's either too expensive or they don't want to deal with the additional regulatory burden. That means they have to rely on the correspondent banking system, and the mega banks that do have all those pre-funded accounts can charge them absurd fees on every transaction.

[Anonymous No.11225304]

>>11225283
>XLM cope

Classic :^)

[Anonymous No.11225309]

>>11225275

This. It appears painting the tape is quite rampant on this coin if you take a deeper look at the price action.

[Anonymous No.11225317]

>>11225309
You solved it. Tell us how you arrived at your deduction detective Holmes!

[Anonymous No.11225323]

>>11225118
>XLM is 5 seconds and you can do more with it. Why would you want to use XRP?
XLM has no liquidity and you can't do more with it

Name a single thing you can do with XLM you can't with XRP

[Anonymous No.11225325]

>>11225304
https://www.ccn.com/ripple-r3-reach-settlement-in-multibillion-dollar-cryptocurrency-lawsuit/

> 5 billion XRP tokens at $0.0085 per unit through the end of 2019.

XLM is objectively better. You can only prove me speculation prices. I’m not denying it’s higher retard. It’s heavily speculated on and neither have a working commercial product with $$$ going through the system. Tell me how XLM is better than XRP
Pro fucking tip you can’t.

[Anonymous No.11225326]

>>11225294
>USD is high liquidity for a number of reasons. It is also expensive and slow to transfer any currency into and out of when compared with XRP.
What 'USD'?
>some fiat token that's actually in demand - I don't know, like 'JPMorgan USD' is going to be used as a temporary conduit
it's not slow, transferring tokens is exactly as fast as xrp. The fee in xrp in larger, sure - but still tiny and irrelevant.

[Anonymous No.11225334]

>>11225210
>Isn’t World Wire better?
No

XLM has no liquidity

RippleNet is already used by about 300 banks and now all of those banks have the option to use XRP for on demand liquidity without installing any new system or software, it's already baked into the RippleNet software they've already adopted

[Anonymous No.11225337]

>>11225323
How many third party devs are working on Ripple tech? Exactly.
Also Ripple has been around longer. That’s a fact. also the token is useless right now. It’s only worth something because people are speculating it with banks. It has no value otherwise

[Anonymous No.11225338]

>>11225295

reserve requirements should go up to atleast 50%

fractional reserve banking is the biggest scam on this planet.

banks shouldn't be aloud to send money that has or never will exist.

hard money, a monetary based on owner ship rather than debt is the future right after the system we have no sooner or later collapses on its own weight. and you guys are betting on the next thing that is about to go bust.

[Anonymous No.11225339]

>>11225247
>That’s what I’m saying for stellar. If people are using it for regular apps in the ecosystem. Then XLM is naturally going to be desired and wanted. That’s why it’s better than Ripple. Please prove me wrong

XRP has more development and more liquidity than XLM. What is coil, what is ILP

[Anonymous No.11225342]

>>11225334
Which banks are using XRP now. I would like a factual source

[Anonymous No.11225344]

>>11225325
The business model is fucking quadrillions time better. Business you turbo nigger.

And you’re right I can’t tell you how XLM is better because it isn’t. Great post.

[Anonymous No.11225353]

>>11225334
https://www.cnbc.com/2018/06/05/ripple-ceo-dozens-of-banks-will-use-xrp-product-in-2019.html

>300 using it now
More like none and dozens maybe next year. Not even close

[Anonymous No.11225354]

>>11225032
That's the brilliant thing about it. Ripple has created a platform where there are no technical/regulatory obstacles to settling all payments with XRP, but it clearly does not make sense to do so 100% of the time. In some cases it may not be cheaper, or the payment may be too large for the current XRP markets to handle.

The idea is to get a huge volume of payments on Ripplenet and then begin settling with XRP where it makes sense. As XRP becomes more liquid in more corridors, it will begin handling an ever increasing percentage of all those payments.

Forcing someone to use a cryptocurrency is a losing strategy. I know this is how most of the crypto space operates, but that's only because their tokens are worthless without a gun to the user's head. Ripple wants XRP to be voluntarily adopted because it provides benefits that could not be gained otherwise.

[Anonymous No.11225356]

>>11225326
>What 'USD'?
This is a common mistake among bank newbies

There are physical reserve bank issued notes. 1 USD is one of those notes.

There is also credit produced by fractional reserve lending. This is an IOU for one of those notes.

They are different even though there is usually a 1:1 exchange rate. If there is a run on the bank there may be a different exchange rate.

Banks need real fiat dollars in their reserve account with the reserve bank in order to print IOU dollars (print credit)

[Anonymous No.11225357]

>>11225326

the government can literarally make their own blockchain and crypto dollar and XRP will be BTFO.

but why bet on flawed monetary system that will eventually collapse anyway.

money in circulation should be based on a system of ownership and not debt.

[Anonymous No.11225358]

>>11225342
Do your own fucking research but there are plenty, and some of them are big. More are coming. You backed the wrong horse, it happens.

>Man up and buy xrp buddy

[Anonymous No.11225360]

>>11225342
>Which banks are using XRP now. I would like a factual source
Watch Swell come monday, tuesday they will announce the first banks using RippleNet's on demand liquidity via XRP

[Anonymous No.11225362]

>>11225344
Stellar partnered with Chain not too long ago dumbass. They are also creating liquity for 3rd worlders. XLM will be worth something because of all the damn projects on it. You guys gave me two built off XRP.

[Anonymous No.11225364]

>>11225353
>More like none and dozens maybe next year. Not even close
RippleNet is Ripple's bank software. 300+ banks already use that. They have the *option* to turn on XRP liquidity. We don't know how many have turned it on yet. It's been announced at least 2 will use it this year.

[Anonymous No.11225365]

>>11225356


>Banks need real fiat dollars in their reserve account with the reserve bank in order to print IOU dollars (print credit)

yes but you forget that if every bank only requires 10% in reserves

they can lend out the other 90% indefinitely OVER AND OVER AND OVER again until the money is multipled 100 or 1000 fold. which makes the whole system scammy.

this is why i question XRP

[Anonymous No.11225369]

>>11225356
the fuck are you writing about? nothing you wrote has any relation to what I actually wrote. Did you want to boast you read about how banks work?

[Anonymous No.11225372]

>>11225365
>they can lend out the other 90% indefinitely OVER AND OVER AND OVER again until the money is multipled 100 or 1000 fold. which makes the whole system scammy.

No they can't.

[Anonymous No.11225377]

>>11225364

>RippleNet is Ripple's bank software. 300+ banks already use that.

there is a difference between using it and "testing it"

[Anonymous No.11225378]

>>11225364
>It’s cheaper to use than xcurrent
>banks hate saving/making money

Pick one you absolute stain

[Anonymous No.11225383]

>>11225369
>the fuck are you writing about?
What is your question then

[Anonymous No.11225387]

>>11225372

YES THEY CAN

THIS IS HOW THE WHOLE SYSTEM WORKS. This is how money is created generally. it's called the money multiplier effect.

it scares me that people don't know this.

[Anonymous No.11225388]

>>11225210
Worldwire is the strategy Ripple abandoned about 3 years ago due to problems with privacy, scalability, and adoption. Stellar/IBM don't appear to have offered any improvements on those issues. You can't force banks to hold cryptocurrencies or settle all payments on a public ledger. And you certainly can't force the entire world to adopt a single blockchain, which would be necessary unless you want to seriously limit the reach of your payment network.

[Anonymous No.11225392]

>>11225387
>THIS IS HOW THE WHOLE SYSTEM WORKS. This is how money is created generally. it's called the money multiplier effect.

>banks have an unlimited license to print money
>there isn't an unlimited amount of money

Pick one you absolute brainlet

[Anonymous No.11225393]

>>11225383
'What 'USD'' is what's called a rhetorical question
https://en.wikipedia.org/wiki/Rhetorical_question

[Anonymous No.11225394]

>>11225378
>Pick one you absolute stain
I'm in agreement with you lmao

Banks will obviously start using XRP to settle. I was just correcting the other anon as to what the difference between RippleNet and XRP use is.

[Anonymous No.11225397]

>>11225388
Maybe that’s true, maybe IBM/stellar has shit behind the scenes. I don’t see a century old company being beaten out by some overvalued start up. Thanks for your response though I’m gonna researcch

[Anonymous No.11225399]

>>11225393
>'What 'USD'' is what's called a rhetorical question

You do understand that rhetorical questions need to be used in a clear context otherwise no one understands what you're on about. Let's just say your rhetoric = not great

[Anonymous No.11225401]

>>11225392

go learn economics or read modern money mechanics which the whole fiat system is based on.


and banks do create and abuse their power to print money indefinitely

its called quantitative easing and open money market operations.

>BRAINLET

[Anonymous No.11225407]

>>11225325
You don't know what the terms of the settlement were. I can all but guarantee its not $.0085 for 5 billion tokens. Even if it were, their agreement came with restrictions on how quickly R3 could sell. Someone calculated that it would take 85 years for them to dump their bags.

>XLM is objectively better
That's your opinion. Do you know what the word objectively means?

[Anonymous No.11225409]

>>11225325
>he forgot it

[Anonymous No.11225413]

>>11225399
the context is as clear as possible because it's a response to the quoted text. you're just unironically autistic.

[Anonymous No.11225415]

>>11225401
>its called quantitative easing and open money market operations.


Confusing central banks with banks

Anon

Seriously just kill yourself lmfao.

If a bank sends another bank a cheque for $1000 written against itself with $100 reserves then the receiving bank doesn't generate $1000 worth of reserves with the reserve bank.

Lmfao the absolute state of bizposters

[Anonymous No.11225416]

>>11225387

No man. They Can't. It's called Dodd Frank and the CRD. What country are you from? Nigeria, Uzbekistan, Indonesia?

[Anonymous No.11225419]

>>11225354
>Ripple wants XRP to be voluntarily adopted because it provides benefits that could not be gained otherwise.
In what way does the XRP token provide any type of benefit that you couldn't get with cryptographic tokens not traded publicly? There is no mining or economic incentive for nodes to behave. Its just for speculation ie printing billions of $ for Ripple

[Anonymous No.11225422]

>>11224554

[Anonymous No.11225423]

>>11225413
>unironically autistic.
maybe anon maybe

[Anonymous No.11225425]

>>11225415

the major banks in the US have the same owners that own and control the federal reserve and treasurey, anon.

this isn't even a conspiracy theory.

[Anonymous No.11225428]

>>11225401

Quantitative Easing. LOLOLOL. Get the fuck out of here. Don't by XRP, you dont deserve to reproduce attracting a mate purely by hte money XRP would make you.

[Anonymous No.11225429]

>>11225425
try read an actual book about banking instead of an alex jones podcast

[Anonymous No.11225432]

>>11225357
The point of XRP is that it is free floating rather than pegged to a fiat currency. That means there is no counterparty risk, and gives it the possibility for adoption by many different countries.

What happens when every government in the world issues their own fiat backed token? You will have taken the current liquidity problem and moved it onto 100 different blockchains. That solves nothing. The case for an unbacked asset to move between each of the fiat tokens would be even stronger.

[Anonymous No.11225438]

>>11225377
I can't verify the 300+ number, but Ripple has claimed to be signing 2+ production contracts per week this quarter. These are not tests.

[Anonymous No.11225439]

>>11225432
>The case for an unbacked asset to move between each of the fiat tokens would be even stronger.
this

especially a deflationary asset

[Anonymous No.11225442]

>>11225429
>>11225428


https://www.youtube.com/watch?v=-mejOviGyok

[Anonymous No.11225446]

>>11225442
yes yes fiat fractional reserve banking is a scam

that's still a poor excuse to understand it as badly as you do

[Anonymous No.11225452]

>>11225397
No problem. I wouldn't rule out that they have some tricks up their sleeve, I just think it's the wrong approach in general. Maybe we'll get some more info released soon.

[Anonymous No.11225456]

>>11225442

I have no issue with you saying the federal reserve printing money devalues it. You just have no idea what the fuck your talking about wrt banks and money transfers.

[Anonymous No.11225460]

What’s the point of SWIFT then ? Like obviously currently in a perfect world they would obsolete SWIFT. What’s SWIFT’s strategy? Is it to have their KYC process and everything hooked up with apis to let’s say give you a loan for your house in 5 minutes? Because if that’s the case than XRP doesn’t really step on SWIFTs toes

[Anonymous No.11225468]

>>11225397
>I don’t see a century old company being beaten out by some overvalued start up.
anon...
>a century old tech company

[Anonymous No.11225470]

>>11225468
>a century old tech company
that's not far off desu

But yeah IBM is dead in the water don't expect them to be around too much longer

[Anonymous No.11225483]

>>11225419
>In what way does the XRP token provide any type of benefit that you couldn't get with cryptographic tokens not traded publicly?
The benefit is that you can draw on public pools of liquidity to prevent prefunding accounts. How do you do this with a random token that's not being traded anywhere?

>There is no mining or economic incentive for nodes to behave.
Incentives often lead to behavior you don't really want. I'd prefer to see nodes that are participating because they care about the future of the network. In any case, they don't need to be incentivized in XRP because we can simply ignore them if they misbehave. That's the purpose of the UNL lists.

>Its just for speculation ie printing billions of $ for Ripple
XRP isn't yet being used at scale to bridge payments, so yes the value is currently speculative. Ripple hasn't printed anything close to billions though. And they aren't the only ones capable of making money in a speculative market. This is basically how all cryptocurrencies are operating right now.

[Anonymous No.11225487]

>>11225456

>banks lend and facitlitate thousands of transactions and an inflationary currency,
>banks make mal-investments in mortgage back securies and credit default swaps
>economy collapses
>central banks print trillions of dollars to stimulate spending and lower interest rates
>national debt climbs to new all time highs.
>tax payers are forced by the government to cumulatively pay 16 trillion to bail out failing banks from collapsing


fast forward to 2018
>same tax payers who already got cucked in 2008 buys XRP

[Anonymous No.11225489]

>>11225468
?
It’s a good track record. They’re not using tech from 1900s

https://en.m.wikipedia.org/wiki/History_of_IBM

Also they have customers / reliability. You guys don’t understand how important that is.
>Hey it’s IBM were here to give your bank an upgrade.
>hi we’re ripple we got a cool idea can we try putting your system on it, it’s very experimental

[Anonymous No.11225499]

>>11225487

i still dont get your point. buy XRP if you want to get rich dude. youre a weirdo.

[Anonymous No.11225511]

And IBM isn't going anywhere. Wait for Watson to really take hold in the next 10 years. And I have no doubt their blockchain moves now will pay off greatly in the same time frame.

[Anonymous No.11225512]

>>11225499

don't get me wrong i am "trading" this piece of shit and selling it to the next speculative sucker who wants to buy it at the top.

trading vs investing in something I believe long term are two different things.

[Anonymous No.11225518]

>>11225003
Fractional reserve banking has nothing to do with the nostro accounts needed to readmit money in other countries.

It's hard to pick a spot to begin explaining this because it's a nonsense argument you've just made up out of thin air where the two subjects have nothing to do with each other

Banks need to store large amounts of money (trillions of dollars) in foreign bank accounts in order to transfer money to people in other countries. It's literally trillions of dollars that are just sitting that are just sitting in accounts that can't be touched or used. It's an huge waste of the banks resources and an huge problem in the modern financial world.

What xrapid does is eliminates the need for any money at all to sit in those foreign bank accounts. It eliminates any need at all for those accounts.

This gives the banks access to trillions of dollars they couldn't utilize before. It solves a huge problem in the modern financial world.

Your argument is since banks can create money through fractional reserve banking that money doesn't matter and they have an infinite supply on demand ant any time.

This is wrong. You don't have a good enough understanding of how frb works, the limits to it, and the fact it is only responcible for the creation of 10% of usd created annually.

I literally think you watched a youtube video on the evils of the federal reserve and believe that there are no restictions on banks creating money.

If banks had access to infinite money how the hell would one ever fail via 2008 financial crash? How would the economy exist not succumbing to infinite inflation?

[Anonymous No.11225526]

Nice Chainlink cubes. It actually makes the most sense for XRP to partner with / integrate Chainlink. It their only chance to compete with SWIFT and I've never heard that possibility mentioned.

[Anonymous No.11225527]

>>11225518
STOP SELLING ME ON CRIPPLE. Why do two similar coins have to fucking exist.

[Anonymous No.11225533]

>>11225518

dont waste your time man

[Anonymous No.11225542]

>>11225533
It wasn’t wasted I devoured it

[Anonymous No.11225546]

>>11225518
Please write me a personal essay on Stellar too, kthxbye

[Anonymous No.11225550]

>>11225533
Lol I'm doing it for the people reading this thread, they deserve truth and the opertunity to make sound decisions without someone lying and creating fake easily disprovable arguments

[Anonymous No.11225554]

>all this bait and newfags falling for the banking shitcoin

[Anonymous No.11225560]

>>11225527
brah just go half/half, i personally hold like 60% xrp 40% xlm just in case

[Anonymous No.11225561]

>>11225554
Pls stop

[Anonymous No.11225562]

>>11225518

1. they do have an infinite supply of money that print out of thin air.

2. I work for a bank and studied economics.

3. you need to understand that money is created by issuing treasurey bonds which are bid on commercial banks and sold to the federal reserve at a premium who then writes a check to buy those bonds on balance that has zero, aka nothing in its account

in other words the fed is writing checks on money it doesnt have. to buy these bonds. this is essentially how money is created.

MONEY IS DEBT. for every dollar out there in circulation there is an equivalent amount of debt tied to it.

4. moving fabricated numbers created in this fashion is non issue. so why use a place holder like xrp?

[Anonymous No.11225571]

>>11225560
I think I’m betting on the loosing horse. Hexagons man. Fuck I don’t feel good about swift.

[Anonymous No.11225577]

>>11225561
but anon, the token distribution is awful

[Anonymous No.11225578]

>>11225518
based and redpilled

[Anonymous No.11225583]

>225518
Name one unique quality of XRP that makes it desirable over another coin that copy and pastes its code? There's zero unique technology. No one is trying to catch up to Ripple

[Anonymous No.11225584]

>>11225577
But the logo is better

[Anonymous No.11225593]

>>11225577
kek, you are aware Ripple founders all hold like 5 billion each right? Some even hold 10 billion. Jed still has a couple billion

talk about a centralized piece of shit that was designed to be a literal pump and dump

[Anonymous No.11225595]

>>11225562
>MONEY IS DEBT
wrong

just plain wrong

a fiat note doesn't owe anyone

[Anonymous No.11225609]

>>11225526
Ripple will likely use Codius for their smart contract needs. But I don't think this is particularly important for the base payment network which is already superior to anything Swift can offer.

[Anonymous No.11225613]

>>11225593
That’s good. I never liked Jeff Bezos as the richest man on the planet

[Anonymous No.11225614]

>>11225593
5 billion is just 5% of the supply,
the stellar founders hold 93 billion coins ...

[Anonymous No.11225615]

>>11225595

yes it is you brainlet. it is sovereign debt.

every dollar in existence is a tied to a treasury bond that was issued by the treasurey, bid on by the banks and sold to the federal reserve who writes a bogus check

money is debt.

get a clue.

[Anonymous No.11225622]

>>11225593
faggot

[Anonymous No.11225621]

>>11225615
>every dollar in existence is a tied to a treasury bond that was issued by the treasurey, bid on by the banks and sold to the federal reserve who writes a bogus check

Read what it says on your fiat note.

[Anonymous No.11225623]

>>11225583
The consensus algorithm is certainly unique. That's what makes it so fast, cheap, and allows for tons of extra features. There are very few cryptocurrencies that aren't based on some form of POW or POS.

[Anonymous No.11225636]

>>11225614
>your shitcoin is super centralized, see
>but yours is even worse, see!

[Anonymous No.11225637]

>>11225621

>>fiat note.

LOLOL


https://www.youtube.com/watch?v=iFDe5kUUyT0

[Anonymous No.11225640]

>>11225623
>The consensus algorithm is certainly unique. That's what makes it so fast, cheap, and allows for tons of extra features. There are very few cryptocurrencies that aren't based on some form of POW or POS.

This is absolutely correct. Ripple consensus algorithm is one of the best out there but their next upgrade cobalt will be even better

[Anonymous No.11225642]

>>11225637
stop linking stupid propaganda youtube videos and answer the question

[Anonymous No.11225643]

Daily reminder If you're still repeating same FUD from pre 2017 era,
centralized scam coin that noone will use YOU WON'T MAKE IT.

https://theicojournal.com/exclusive-nasdaq-and-ripple-executives-at-ripple-find-match-made-in-heaven-in-nasdaq-exchange-initiative/

[Anonymous No.11225644]

>>11225636
this.
xlm is much more centralized, and it can't do anything xrp can't, i don't see the reason anyone would pick xlm over xrp

[Anonymous No.11225653]

>>11225614
93 billion coins that will be distributed to the world u absolute retard. Not to a handful of founders like they did at the Cripple company over there. Have you read their website or mandate?

Yes you heard it right. Ripple founders HOLD billions of XRP, while the non-profit Stellar holds 93 billion in an escrow wallet. If you read their mandate, you'll know what they will do over the next couple decades as the Stellar economy gets rolling

I'm not here to educate you or shill. You can go waste your own time doing that. I'm only here to laugh at the newfags falling for the cripple coin again

[Anonymous No.11225654]

>>11225644
>i don't see the reason anyone would pick xlm over xrp

XLM is given out to niggers so niggers would naturally pick it over XRP

other than that there's no reason lol

[Anonymous No.11225659]

>>11225642

>propaganda videos

[Anonymous No.11225661]

>>11225643
There’s no source to that article.

>>11225644
Even if XRP is a better protocol. IBM’s involvement is stronger. It’s about who you know. IBM could also include support / hardware to support stellar. Ripple can’t compete on a business scale.

[Anonymous No.11225666]

>>11225643
It's info-graphic, retard.

[Anonymous No.11225668]

>>11225621

i know what it says.

you're betting on a shitcoin thats suppose to move soon to be worthless toilet paper.

if you think the turkis lira was bad, wait until this shit hits the fan on the usd dollar

BTFO CRipplets.

betting on a system thats about to collapse its not a good way to diversify your assets

[Anonymous No.11225671]

>>11225666
Jesus Satan . Hallo

[Anonymous No.11225673]

>>11225661
Over 90% of banks in the world use IBM. Why the fuck are you wasting your time with these idiots? They're betting on a unicorn company to take over the world while trying to downplay Stellar as if they don't realize it's gaining every month and will soon surpass Cripple at this rate

Crypto is all about hype and Cripple is exactly that. Can you imagine if all the banks actually use it? Holy shit, straight to the moon

[Anonymous No.11225675]

>>11225643
Ripple’s token is still a degenerate travesty of shitty digital fiat issued by a single company. The lack of mining on the network should rise all sorts of red and black flags on your very asshole, brainlet, kek

[Anonymous No.11225685]

>>11225668
>betting on a system thats about to collapse its not a good way to diversify your assets


rofl XRP isn't about to collapse fiat is

but you don't even know what fiat is

[Anonymous No.11225687]

>>11225661
>IBM’s involvement is stronger
massive kek

imagine being this fucking stupid

holy shit

when's the funeral for killing yourself

[Anonymous No.11225692]

>>11225673
That’s what I thought too. Ty for letting me rest peacefully.

[Anonymous No.11225697]

>>11225675
he thinks mining is needed for the network to be legit ... please educate yourself before you make these statements brainlet

[Anonymous No.11225698]

>>11225687
What computers do you think the banks run all their software on? Ripple Labs ?

[Anonymous No.11225703]

>>11225483
They better be paying you good money to shill this.
Its the fiat system 2.0.

[Anonymous No.11225707]

>>11225685

you can't be this retarded right? if XRP sole purpose is intended to facilitate movement of fiat and government sanction currencies that will eventually collapse on tis own weight, why would anyone care to use XRP there after.

[Anonymous No.11225709]

>>11225698
>What computers do you think the banks run all their software on? Ripple Labs ?

IBM mainframe have been on their way out for years. No joke I used to work on them. The last IBM guy who understood zOS properly died around 2008.

IBM are just coasting on previous success. They are dead in the water wait for the inevitable collapse.

[Anonymous No.11225720]

>>11225709
I just want to go to sleep man. Stop making it difficult

[Anonymous No.11225722]

>>11225668
chainlink is shit, go back

[Anonymous No.11225724]

>>11225707
People aren't about to stop using fiat but if they did stop using fiat what would they use instead?

Some piece of shit experimental coin or the coin that their banks use to settle between eachother.

Think anon, think.

[Anonymous No.11225732]

>>11225722

i don't own any chainlink. but keep making deluded assumptions about myself and the world around you.

[Anonymous No.11225739]

>>11225724

governments will eventually issue their own crypto-currencies after a major financial collapse and total restructuring of the financial system

[Anonymous No.11225741]

>>11225732
centralized scam coin

[Anonymous No.11225746]

>>11225739
>governments will eventually issue their own crypto-currencies after a major financial collapse and total restructuring of the financial system


they will but why would people switch back to inflationary fiat after tasting deflationary private currencies with widespread adoption?

[Anonymous No.11225747]

>>11225703
Sadly I work for free.

In what way do you view it as fiat? Every cryptocurrency is created of thin air so I don't see how this uniquely applies to XRP. To me what's important is that all the XRP that will ever exist was created in the genesis ledger, and that no one (including Ripple) has the ability to create more. Just like no one can increase the 21 million cap in Bitcoin.

[Anonymous No.11225749]

>>11225562
>they do have an infinite supply of money that print out of thin air.

Flat out wrong.

>I work for a bank and studied economics.

Anyone can be a teller.

And no, no instatution of higher learning told you that banks can create an unlimited amount of money on demand

What you failed to learn when you "studied economics" is the difference and the divide between the federal reserve and the banks with trillions of dollars uselessly sitting in nostro accounts. You know the same banks that would have trillions of dollars in benefit from using xrapid

[Anonymous No.11225764]

>>11225697
brainlet, look at what systems the swedish banks and associated banking ledger technologies are using, it's not fucking xrp or any other "open source" chain, kek

[Anonymous No.11225773]

>>11225749

And no, no instatution of higher learning told you that banks can create an unlimited amount of money on demand

they do it all the time... first it was QE 1, then 2, then 3, and so forth...the Federal reserve does not take orders from any government agency nor can any of their actions be overruled

THIS IS FUCKING FACT.

GET A DAMN CLUE. GOD DAMN!!!!!!

[Anonymous No.11225774]

>>11225749
ignore the pajeets fudsters, they won't event take 3 minutes to lookup what is nostro/vostro and how Ripple solves this problem, instead they will repeat forever the centralized scam coin FUD without any evidence or technical arguments

[Anonymous No.11225777]

>>11225636
False.

He literally just explained it in the post you are quoting. ripple only controls 5% of xrp, that is not centralized

xlm is still centralized shit though

[Anonymous No.11225782]

>>11224975
o rry

[Anonymous No.11225789]

>>11225749


they do it all the time... first it was QE 1, then 2, then 3, and so forth...the Federal reserve does not take orders from any government agency nor can any of their actions be overruled

THIS IS FUCKING FACT.

GET A DAMN CLUE. GOD DAMN!!!!!!

[Anonymous No.11225793]

>>11225764
I don't give a shit about Swedish banks, what kind of argument is this? Are you in a 3rd grade?

"banking ledger technologies" - hahahaha you made my day

[Anonymous No.11225798]

XRP no.1

All other coins non existent

[Anonymous No.11225806]

>>11225798
the technology aspect will take care of this

POW is unsustainable, under-performing, unscalable pile of dog shit

[Anonymous No.11225818]

>>11225773
>they do it all the time... first it was QE 1, then 2, then 3, and so forth...the Federal reserve does not take orders from any government agency nor can any of their actions be overruled

Okay. ignoring the flaws in this statement.

AGAIN. This has nothing to do with xrapid eliminating the need for banks to hold trillions of dollars in the nostro accounts.

Because you still don't understand the difference and divide between the banks, that waste trillions of dollars being held up in nostro accounts which xrapid will solve, and the federal reserve

[Anonymous No.11225820]

>>11225806

which will be Cardano

[Anonymous No.11225829]

>>11225818

commercial banks and the central banks have the same people and interests working in both those places.

get a clue. they're one and the same.

[Anonymous No.11225837]

>>11225820
possibly also good tech, but Ripple has over 100 business partners from FI sector, unstoppable

[Anonymous No.11225851]

hyperledger could use xrp as their settlement layer, or any other similar coin. chainlink slides suggest link will be used with both xrp and hyperledger.

[Anonymous No.11225867]

>>11225829
Now you're spouting youtube video conspiracies

I'll put it to you a different way.

If money doesn't matter to banks and they can create an infinte amount at any given time, how has any bank, ever, failed?

See banks need money and xrapid freeing up trillions of dollars uselessly held in a banks nostro accounts is revolutionary and in high demand.

[Anonymous No.11225881]

>>11225142
>Welcome to faggots club where they ruin the ideals of cryptocurrency by sucking banks' dicks.

[Anonymous No.11225893]

>Ripple and Bitcoin will be the only two crypto projects that ever matter

[Anonymous No.11225926]

>>11225867

lmao not consipiracies anon,

go do enough digging and you'll come to discover what I am saying is true.

the banks havn't collapsed yet because all that money printing resulted in the national debt to obscene levels and fucking the clueless tax payer.

22 trillion and counting. that is the result of all this money printing essentially

I'm sincerely trying to help you anon. this is not fud. just do more digging and you'll see.

I would not be putting too much faith in this system to be honest.

[Anonymous No.11225940]

>>11225747
Nobody's going to explain it to you thoroughly because it takes too long, but in short:
the minting of PoW coins is tied to the effort required to maintain trustlessness. The value of these coins are backed by energy expenditure and competition (in other words, self interested commitment to secure the network and be rewarded for it).
Fiat currency (including XRP) are minted and released at will by central authorities who more or less decide what it'll be worth based on how much they choose to inflate the currency supply (there is some interaction with projected debt payments in the case of sovereign currencies like USD, EUR, but that's outside the scope here)

[Anonymous No.11225949]

>>11225789
ALSO

every (wrong) argument you've made so far has been against one single use for xrp.

Already other companies are starting to use Xrp as the base of their products (coil) and being that it is the best crypto currency with a team of developers that have a proven track record, xrp will continue to increase in use in a variety of different products and companies

[Anonymous No.11225967]

>>11225867
>If money doesn't matter to banks and they can create an infinte amount at any given time, how has any bank, ever, failed?
It does matter to banks, that's why they play a very careful game of chicken with the amount of leverage that they use when they multiply their reserve amount through debt issued. By the way. They have failed because of this process, see the 2007 default swap crisis.

[Anonymous No.11225994]

>>11225777
>ripple only controls 5% of xrp
Nigger what
They (the company) literally hold the entire escrowed supply, 60B XRP. It's Chris Larsen that personally owns 5.1B XRP in addition to that

[Anonymous No.11226006]

I'm an investment banker at JP Morgan (Chase), you peasants. I think i would know what I was talking about.

[Anonymous No.11226027]

>>11226006
rofl I remember this thread

[Anonymous No.11226033]

>>11225881
>Welcome to faggots club where they ruin the ideals of cryptocurrency by sucking banks' dicks.

What are the ideals of cryptocurrency and how doesn't XRP satisfy them anon?

[Anonymous No.11226039]

>>11226027
Excuse me? I make 6 figures a year, while you cry in your mother's basement. KYS

[Anonymous No.11226048]

Prolly won't make it if you don't hold at least 10 to 20K XRP.

[Anonymous No.11226050]

>>11225217

>cripple beat IBM to the banking market
>actually believing this in 2018

This is just delusion.

>>11225339

>what is coil
>a ripple project run by the former CTO of ripple
>the guy who was better than David schwartz the "genius"

XRP has zero third party development. Zero. They intended it that way. It's called being the gatekeeper you dumbfuck. It's a strategy from the 1990's tech world. Obviously the strategy of Larsen (E-loan) and Garlinghouse (AOL/Yahoo!). The hilarious part is their going to go the way of windows mobile because no one wants to develop that shit with heavy handed oversight.

>>11225358

>what banks use XRP
>geez I dunno dyor

>>11225470

>IBM
>dead in the water
>just restructured and modernized their entire company
>$70b in revenue
>dead

God you cripples must take it personally when IBM laughs at you.

>>11225777
>ripple only controls 5%

Chris Larsen himself owns over 5% of XRP with no restrictions you deluded faggot

Ripple has gone back to pre pump blaming Jed for all their problems and watching Stellar gain market share. It won't be long before people dump on Swell and pump XLM back up to 30-40% of XRP's MC

[Anonymous No.11226061]

lmao I just calculated the price of xrp if they replace *ALL* of swift transfers with xRapid, given their own statistics for 4 sec per transfer.
It's... $0.0023/xrp
I think I will make a new thread

[Anonymous No.11226067]

>>11226039
>Excuse me? I make 6 figures a year, while you cry in your mother's basement. KYS
I actually make 6 figures while doing very little work

[Anonymous No.11226074]

>>11225967
Nope that explination doens't make any sense as to why banks couldn't have just printed more money to save themselves during the 2008 crisis if the had the ability to print infinite money.

After all the crisis was at it's most base level, the banks running out of money. which wouldn't happen if they could print an infinite amount at any given time.

Banks need money and xrapid offers a much demanded solution to freeing up trillions of dollars being uselessly held in banks nostro accounts
It also doesn't offer

[Anonymous No.11226076]

>>11226050
>when IBM laughs at you.

As I said I worked with IBM mainframes for years and trust me when I say there's nothing positive going on there, it's a long slow decline

[Anonymous No.11226085]

>>11226076

but IBM has been around for years.

what is it about there servers that makes you believe they are in decline?

[Anonymous No.11226098]

>>11226067

>41 posts by this ID

Cope

I find it funny that Stellar is becoming more like Ripple, and Ripple more like Stellar.

The simple truth is Stellar is backed by way smarter people with much larger companies and deeper pockets. It also got governance right regarding being a non profit and focusing on scalability and security over shitty products (xfaggot). A

Anyone can develop on Stellar (and they are). Nobody wants to develop on XRP.

Jed was right. Bringing in Chris Larsen was a fatal mistake. This guy thinks like a 1990's dot com Boomer. He thinks he can corner the market and force the devs on to his term. Nope. The market follows the devs now. Android being the most obvious example.

[Anonymous No.11226104]

>>11225093
except that Ripple is targeting small emerging market banks. Not European large financial institutions.

[Anonymous No.11226105]

>>11224975

>more decentralized than then now chink owned BTC
>more independent validators added every month
>being used right now by money transfer agents

laugh at the poor maximalist

[Anonymous No.11226108]

>>11226061
Brainlet here, is that good or bad

[Anonymous No.11226112]

"I'm not 2 sure what a private key is"

- CryptoNICK

"I'm not 2 sure what a private key is"

- CryptoNICK

"I'm not 2 sure what a private key is"

- CryptoNICK

[Anonymous No.11226119]

>>11226076

>IBM mainframes

https://www.cnbc.com/2018/09/26/ibm-shares-rise-after-ubs-upgrades-tech-giant-due-to-its-cloud-computing-opportunity.html

https://techcrunch.com/2018/01/12/ibm-may-be-prepping-for-massive-changes-at-global-technology-services-group/

https://www.shine.cn/biz/tech/1809272763/

You let your personal experience cloud your judgement.

IBM just went through painful restructuring. They're primed and flush with cash to assimilate an entire tech sector. Lol fuck with big blue boy I tell ya hwat

[Anonymous No.11226128]

>>11226108
the math used to compute that is complete fuckup, don't believe neets doing math in basement

[Anonymous No.11226142]

>>11226074
>After all the crisis was at it's most base level, the banks running out of money.
You must not understand leverage. 'Running out of money' in this case meant that they held more debt obligations than they could afford to pay when their investments (in mortgage backed securities) no longer paid out due to 'unexpected' rates of default. They put themselves in this situation because of their ability to print money on fractional reserve, but they couldn't just keep printing money (initially) because they are legally obligated to hold more than a certain percentage of their outstanding debts in reserve. That last bit is quasi-inaccurate, however, because the central banks eventually did end up printing more currency to fix the problem, but I can tell we're out of your depth so let's stop it there and conclude with this: having comparatively more cash on hand (due to the use of xrp) won't solve the problem that banks have an incentive to have a fraction of the value of outstanding loans on reserve.

[Anonymous No.11226143]

>>11225940
Value isn't tied to the amount of energy wasted. If POW coins could secure the chain in a more efficient way, their inherent value wouldn't decrease a penny. Of course, you will admittedly lose a massive amount of interest from the multi-billion dollar mining industry who won't be pleased that they've lost their method of extracting an endless supply of cash from the ecosystem.

Whales exist in nearly every cryptocurrency. This means they could almost all be considered fiat by your own example. Satoshi himself could completely inflate the supply and control the price of BTC if he wanted. Whether his coins are currently considered part of the circulating supply or not is irrelevant. The effect is the same. Plenty of smaller whales could do something similar. However, that doesn't mean this is likely or that Bitcoin is fiat.

You have to look at the bigger picture and evaluate the risk. How are the coins distributed? Who are the holders and what do we know about their past behavior? Do they have immediate access to their coins or are they limited? How are they likely to behave in the future?

When I ask those question about Ripple, I'm more than comfortable with the answers. If you're not and Ripple's holdings are a deal breaker, that's a perfectly legitimate opinion. But all the evidence and past history suggests that they have never attempted to manipulate the market. Instead they have locked roughly 90% of their holdings in escrow, are transparent by detailing all their sales in quarterly reports, and generally try to minimize or eliminate their impact entirely.

Bottom line, I'm more comfortable with Ripple holding 60% of XRP (and I feel there will be less manipulation of the supply) than with 0.4% of Bitcoin wallets holding 60% of BTC.

[Anonymous No.11226159]

>>11226119
>They're primed and flush with cash to assimilate an entire tech sector.

History disagrees with you

Companies like this inevitably go down the shitter

[Anonymous No.11226167]

>>11226143
this, thanks anon

[Anonymous No.11226179]

>>11226167

[Anonymous No.11226190]

>>11226159

Companies that don't restructure do that. IBM laid off tens of thousands and have shifted entire sectors of thier business around.

UBS just upgraded them to buy today

[Anonymous No.11226217]

>>11226076
My dad works at IBM too and he told me XLM will tale off, he will probably fire you too.

[Anonymous No.11226233]

>>11226190
Every company has some really important MVPs. Restructures tend to undervalue these and piss them off. I would be surprised if IBM has any left.

[Anonymous No.11226268]

Biy the next XRP dip.

Stellar CEO is waiting for his sentence on that lawsuit from japan and the one from the US because of fraud insider trading and running a scam "nonprofit"

ibm will drop stellar like a hotpotato

https://courts.ms.gov/index.php?cn=87490#dispArea

[Anonymous No.11226306]

>>11226268
U larping sir.
Yes larpidarpi

[Anonymous No.11226309]

>>11226268

>links a frivelous lawsuit from two rich Bitcoin holding Mississippi doctors.

They're trying to squeeze a settlement out of him.

It's the old Jed swindled us FUD

>Ripple has gone back to pre pump blaming Jed for all their problems and watching Stellar gain market share. It won't be long before people dump on Swell and pump XLM back up to 30-40% of XRP's MC

Predicted this 10 minutes ago. All too easy cripples

[Anonymous No.11226323]

>>11226268

https://twitter.com/jesselund/status/1040032407636697088?s=19

lol

[Anonymous No.11226331]

>>11226143
You've missed the point, but at least your response was well considered. 'Fiat or not' has to do with how and why new coins are issued, not how the circulating supply is used.
I'll say it again: PoW coins (and by analogy, physical assets like gold) are issued as a consequence of the effort required to secure the network against incorrect entries to the ledger. You call that wasted effort, but it is actually the most important part of the process; it is, in fact, abstracted trust created by the risky commitments of competing economic actors. Further, if more efficiency of securing the network did not matter, then any one of the POS coins would already be more valuable than Bitcoin.
Fiat currency is issued by, if you'll excuse me, fiat. The issuer says 'I've made this unit of account, there will be so many in circulation (pending my whim) and you lot get to compete for it.' Inherent to that is trust in a single party to issue things fairly which is not particularly desirable.

[Anonymous No.11226347]

>>11226323
I would love to know how many stellarcoins jed promised to print for ibm....

Ah yes they are going to use a fork of stellar lmao

[Anonymous No.11226355]

>>11226309


What about the chatlogs lmao with karpeles on mt.gox?....
Where are the 50 thousands BTC he can dump anytime on the market...do buttcoiners know that Jed can fuck their precious buttcoin together with the trustee of mt.gox japan who is dumping millions of btc?

Lmao i bet they dont know that.

[Anonymous No.11226363]

>>11226355
No. I bet they know that but XRP is a bigger problem for them as this scammy stellar "non-profit"

[Anonymous No.11226376]

I need to say .... Jed is the best scammer so far in crypto

[Anonymous No.11226424]

yeah, number 1. Lets vote for #2

I vote for jihan

[Anonymous No.11226437]

>>11226424
I go with scammyponzifatguy monero scamfuck.

Then i nominate Vitalik Buttinhim

[Anonymous No.11226438]

Jed left Ripple because he wanted to give it to African niggers for free, the same he's now doing with XLM.

Good luck investing into XLM when nigger from Africa has the same amount for just being black.

[Anonymous No.11226450]

>>11226438
Thank you Jed mc scam

[Anonymous No.11226456]

>>11226450
kek

[Anonymous No.11226463]

>>11225235
so after it moons you'll invest?

[Anonymous No.11226468]

>>11226128
After further research, he is indeed on meth.

[Anonymous No.11226481]

>>11226468
indeed

[Anonymous No.11226697]

>>11224554
i dont like ripple it burns 20XRP each time a wallet is created.

[Anonymous No.11226807]

>>11226697
how is that a bad thing lamo

[Anonymous No.11226810]

>>11224554
SELL THE NORTHEASTWESTSOUTH

[Anonymous No.11226821]

>>11224554
Thx will buy way more xrp now, fascinating that this technology will make us so much money and decrease the settlement peroid by banks by 98%. Just wow.

[Anonymous No.11226831]

>>11226697
You are retarded mate seriously, you little puny fucking no brain head just cannot comprehend the why. I mean you dont even do no research. Your mom mustve allowed you your 1 hour ipad time or sone shit, hasnt she,,?

[Anonymous No.11226871]

For the less fortunate ones in terms of brain power:

20XRP wallet activation fee is to prevent spammers/scammers flooding the network with new wallets

this amount can be adjusted in the future depending on the XRP price

[Anonymous No.11226877]

>>11226871

20XRP stays in your wallet (you activate the wallet with it)

[Anonymous No.11227831]

>>11224718
she and her beta orbiters really piss me off

[Anonymous No.11227890]

this whole thread is cancer
gtfo with ur leddit spacing
xrp army kek

[Anonymous No.11227956]

>>11226871
This, XLM also already reduced the "price" of a wallet to half of what it originally was

[Anonymous No.11228087]

>>11225061
>it's a scam
>Calls Ripple a Scam
>Gives an example using the king of the shitcoins that only serves as base for other shitcoins and ERC20 based shennanighans
>uses gemini in example (??)
>thether (not even worth memeing)

[Anonymous No.11228314]

>>11225518

>>Banks need to store large amounts of money (trillions of dollars) in foreign bank accounts in order to transfer money to people in other countries. It's literally trillions of dollars that are just sitting that are just sitting in accounts that can't be touched or used. It's an huge waste of the banks resources and an huge problem in the modern financial world.


NO, just no, you fail to understand that this isnt a problem at all in fractional reserve banking, banks can easily leverage themselves and loan themselves the money and create a balance by typing numbers in the screen, this is the biggest issue people fail to understand.

yes trillions are sitting in to prefund a nostro account but it is a non issue to type numbers on a screen am create that balance using a loan.

>xrp claims to solve a problem that doesnt even exist for banks.

[Anonymous No.11228509]

>>11225518

>You don't have a good enough understanding of how frb works, the limits to it, and the fact it is only responcible for the creation of 10% of usd created annually.

Wrong, you have it backwards,
a bank branch is required to keep on average a minimum of 10% OF TOTAL DEPOSITS as reserve.

example: a bank branch has a total of $1Billion USD in deposits from its customers, a 10% reserve ratio means they are only required to keep $100 million "in reserves" and not lend it out.

They may however lend out $900 million of that 1 billion in deposits.

That same $900 million lent out can end up at another bank which becomes being the total deposit that they too also can lend out 90% of granted that their reserve ratio is 10% as well.

This process can continue until that 1 Billion had essentially turned into 100 billion just from banks lending to each other and doing business with one a other. this is fraction reserve banking.

so if banks can lend themselves the money to prefund foreign nostro accounts, XRP really doesnt solve a problem for being a place holder for "locked up funds"

banks also get the best deals on interest rates for issuing themselves loans for such purposes like pre funding a nostro account at virtually little to no cost.

[Anonymous No.11228683]

>>11228509

Are you like 14 years old

[Anonymous No.11229080]

>>11228683

sorry if this is too complicated for you to wrap you head around
just let it sink in...


>xrp is useless.

if the dollar losses its status as the global reserve currency maybe ill fomo buy some of this shit coin.

for now my bets are on cardano and bitcoin.

[Anonymous No.11229129]

>>11225118
Because nobody is going to give a power hungry egomaniac so much power. XLM's biggest enemy is its creator. Ripple is working with the governments to comply and assist as much as they can. XLM wants to be the king, ripple wants to be the kings right hand man.

Excuse the retarded analogy but its the only way I know how to convey the message that would take an essay to explain.

[Anonymous No.11229145]

>>11229129
That's factually false

[Anonymous No.11229176]

>>11229145
Well yes analogies aren't usually factually correct. Very few countries still have kings.

[Anonymous No.11229279]

Crypto faggots wanted to kill banks only to be destroyed by the one true bankercoin. Eat shit ancaps.

[Anonymous No.11229418]

>>11229279

enjoy more years of growing inequality between social classes. 3 billion of the worlds population excluded from traditional finance and banking,

enjoy more wreckless deficit spending by your government without any accountability

continue paying taxes to bailout banks with malinvestments and moral hazards coupled rising national debt to obscene levels. lets see how long that party of sustenance will last for.

all you have to do is buy XRP token

[Anonymous No.11229829]

Stellar is inflationary shit. They will create 2% additional coins every year. Talking about banks creating money out of thin air. So many retards in here. Unbelievable

[Anonymous No.11229847]

Lumenus and illuminati binary machine plus Jed the con man. Good luck brainlets

[Anonymous No.11229865]

>>11229418
All in on XRP buddy. If the banks get rich with it, I might as well come along for the ride.

[Anonymous No.11229869]

>>11229418
Where do you think this trillions of money that have been released from nosotro and vosotro accounts will go? All thanks to XRP!

[Anonymous No.11229913]

>>11225184

how many stinky linkies do you have