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/biz/ - Business & Finance

File: 152 KB, 1070x794, ripplejewcoin.jpg [View same] [iqdb] [saucenao] [google]

Is XRP shit? Anonymous Tue Oct 2 20:58:51 2018 No.11277024 [Reply] [Original]

Yes, yes it is
>pic related

>>	Anonymous Tue Oct 2 20:59:47 2018 No.11277030 >>11277024 Somebody should shoop the bear jew into a clown

>>	Anonymous Tue Oct 2 21:01:13 2018 No.11277044 wtf why doesn't this monstrosity just shave it's head it just looks like a creepy bozo the clown or something

>>	Anonymous Tue Oct 2 21:01:40 2018 No.11277053 >>11277030 how could you even buy this bonafide shit jew coin with the "creator" who looks like this? Holy shit

>>	Anonymous Tue Oct 2 21:02:45 2018 No.11277063 File: 2.53 MB, 192x333, jewsnarl.gif [View same] [iqdb] [saucenao] [google] >>11277044

>>	Anonymous Tue Oct 2 21:04:44 2018 No.11277082 File: 34 KB, 420x579, world_currency_by_2018.jpg [View same] [iqdb] [saucenao] [google] Will it happen?

>>	Anonymous Tue Oct 2 21:07:20 2018 No.11277105 >>11277024 that guy genuinely looks evil. bad vibes every time I see his picture

>>	Anonymous Tue Oct 2 21:16:17 2018 No.11277189 >>11277024 this is the type of jew that will give you a high interest predatory loan, take your house, break your family, fuck your wife, and send you to prison. this jew probably rapes children, he smells like a democrat.

>>	Anonymous Tue Oct 2 21:17:47 2018 No.11277205 >>11277053 >Basing you investments on how good programmers look Anon I...

>>	Anonymous Tue Oct 2 21:18:56 2018 No.11277217 >>11277189 This is the worst FUD yet. He used to be an Ayn Rand fan. He has written code which still runs today in Bitcoin core. You people are insane lmfao

>>	Anonymous Tue Oct 2 21:20:33 2018 No.11277228 never bought this shit until yesterday and I get burned, fuck sakes

Anonymous Tue Oct 2 21:21:28 2018 No.11277235
File: 30 KB, 578x467, 1528072434081.jpg [View same] [iqdb] [saucenao] [google]

>>11277217

banks using fractional reserve banking don't need XRP shitcoin

they can just lend themselves the money at nearly 0% interest rates and fund a nostro account.

so in essence XRP as a nostro place holder is worthless

>learn how fractional reserve banking works retards

>>	Anonymous Tue Oct 2 21:22:33 2018 No.11277243 File: 137 KB, 620x1429, 1519076935988.jpg [View same] [iqdb] [saucenao] [google] >>11277024 >trusting this fucking kike with anything

Anonymous Tue Oct 2 21:23:54 2018 No.11277257
File: 263 KB, 1131x872, 1519076057125.jpg [View same] [iqdb] [saucenao] [google]

>>11277189
of course, thats the impression we should ALWAYS get when we see jews. they are not western and they dont belong in western countries. it is extremely unfortunate that they look white to the uninitiated, and even more unfortunate, it is extremely unfortunate that they do the fellow whites bit and most goyim cant see past it.

Anonymous Tue Oct 2 21:24:57 2018 No.11277265
File: 28 KB, 496x468, 1519079105070.jpg [View same] [iqdb] [saucenao] [google]

>>11277217
Ayn Rand is jewish and her books are designed to break down white collective action into the false god of individualism. Fuck you.

Its not her fucking name. She is ANOTHER shape shifting kike who is hiding behind white names to push a subversive message.

>>	Anonymous Tue Oct 2 21:26:12 2018 No.11277275 File: 84 KB, 1909x903, 9553e88a24b92ec4b6979c78a13763c90baa1195ac029fd4908e71418bafb816.png [View same] [iqdb] [saucenao] [google] >>11277257 Powerful meme. Very, very powerful. Have a rare jew for your efforts.

>>	Anonymous Tue Oct 2 21:26:37 2018 No.11277279 This guy is an absolute monster. Wonder how big that neaderthall cock is

Anonymous Tue Oct 2 21:27:27 2018 No.11277286

>>11277228
>noooooo why didn't this highly technical and industry changing thing with an actual company behind it making sure it works pump and make me $10,000 after 1 day what is this MOMMMYYYYY PREPARE THE ANGER TENDIES >:(((((

The fuck is wrong with you ADHD retarded bastards? You expect gains from a long term project after 1 day? Are you seriously that dumb?

Since when did /biz/ become full of Stacey's dissecting a guy's appearance? You're a bunch of faggots. Under his own company, this man patented the idea of distributed computing in the fucking EIGHTIES, before the internet as we know it even existed. Ideas and technologies that underpin Bitcoin and Ethereum. You show this man some respect, he is the original Blockchain Godfather.

>>	Anonymous Tue Oct 2 21:30:16 2018 No.11277305 >>11277279 I actually quite like him, seems relatable in all his talks. I just know me and him would be good frens irl.

>>	Anonymous Tue Oct 2 21:35:18 2018 No.11277352 >>11277279 >neaderthall cock Neanderthals had small pee-pees. Why else do you think niggers (0% neanderthal) have big dicks?

>>	Anonymous Tue Oct 2 21:57:45 2018 No.11277572 >>11277024 I don't give a shit if xrp is shit, they got Clinton to give a speech for them and th rest of their shill talks were 100% normie bait. Ripple is going to be another 5 bagger based on that kind of crap alone.

>>	Anonymous Tue Oct 2 22:01:45 2018 No.11277608 >>11277024 Yall really must not like making money, XRP is going to be huge by eoy, ride the wave faggot

>>	Anonymous Tue Oct 2 22:04:54 2018 No.11277624 >>11277189 Dont take loans dont let strangers into your home protect your wife and kids and stop blaming other jews for the chaos that is your life

>>	Anonymous Tue Oct 2 22:11:57 2018 No.11277672 >>11277624 Good goy. A foreign hostile ethnic group that doesn't belong in our country and who have captured major power institutions are doing no wrong.

>>	Anonymous Tue Oct 2 22:37:09 2018 No.11277862 >>11277024 he is a genius op, you shouldn't mock him when his iq is the double of yours

>>	Anonymous Tue Oct 2 22:40:34 2018 No.11277886 File: 55 KB, 960x540, trillion dollar man forbes.jpg [View same] [iqdb] [saucenao] [google] >>11277105 he is a bearable guy

>>	Anonymous Tue Oct 2 22:42:51 2018 No.11277902 >>11277235 this is the dumbest thing i have ever read

>>	Anonymous Tue Oct 2 22:50:28 2018 No.11277968 File: 44 KB, 385x480, Whut+in+tardation+_ef8dd221936c03a484a1d29b04cb74fb.jpg [View same] [iqdb] [saucenao] [google] >>11277902 >trying to understand money creation and fractional reserve banking for the first time COPE O P E

>>	Anonymous Tue Oct 2 22:53:19 2018 No.11277988 >>11277968 you don't seem to understand it yourself

>>	Anonymous Tue Oct 2 22:55:31 2018 No.11278001 File: 18 KB, 530x298, 105476750-1538130991493gettyimages-1027443254.530x298.jpg [View same] [iqdb] [saucenao] [google] >>11277988

Anonymous Tue Oct 2 22:56:34 2018 No.11278013
File: 14 KB, 1104x331, 1538427940564.png [View same] [iqdb] [saucenao] [google]

Assuming xRapid replaces ALL SWIFT transfers, the price calculated using the equation of exchange [1] is... $0.0023/XRP.

The way xRapid works is that the sender first sells the token (eg. USD from an American bank) he has for XRP, then he sells XRP for a different, target token (eg. EUR issued by one European bank).
The equation of exchange is:
totalSupplyOfXrp*xrpPrice = xrpTransactionVelocity*transactionVolumeInDollars
or
marketCapitalization = howManyTimesEachXrpIsTradedPerSecond*transactionVolumeInDollarsPerOneSecond
The logic is simple: if there are 10 tokens in total, and we know both that the daily transaction volume in tokens is 10 (= daily velocity of 1) and $10 in dollars, then the price of the token is $1. Anything else is mathematically impossible.

SWIFT is used to transfer $5T daily. That's a lot, but for xRapid's 4 second per transaction [3] that's only $231.48M.
When divided by the total supply of XRP (~100B XRP), the fair price is $0.0023/XRP. (That means all 100B xrp are traded each 4 seconds).

Let's be extremely charitable and assume 99B XRP is holded and only 1B XRP is traded by banks. Now the fair price is $0.23/XRP.
Again, that's assuming xRapid fully replaces SWIFT, an extremely unlikely scenario.

What the fair price means is price without speculative money, ie. where it settles at after the bubble ends.
[1] https://en.wikipedia.org/wiki/Equation_of_exchange
[2] https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf
[3] https://ripple.com/xrp/

>>	Anonymous Tue Oct 2 23:18:10 2018 No.11278207 >>11278001 give us your lame explanation

>>	Anonymous Tue Oct 2 23:24:46 2018 No.11278274 File: 117 KB, 500x593, what-in-tardation-when-you-get-given-an-extra-chromosome-15599022.png [View same] [iqdb] [saucenao] [google] >>11277286 >PATENTED the idea of "DISTRIBUTED" computing TOP KEK

>>	Anonymous Tue Oct 2 23:25:23 2018 No.11278282 File: 13 KB, 250x214, brainlet2.jpg [View same] [iqdb] [saucenao] [google] >>11278013 this is even more dumb

>>	Anonymous Tue Oct 2 23:25:59 2018 No.11278285 File: 49 KB, 600x480, 1537954712063.jpg [View same] [iqdb] [saucenao] [google] >>11278013 Great analysis by a 12 year old. Listen to this retard

>>	Anonymous Wed Oct 3 00:01:17 2018 No.11278551 File: 152 KB, 700x953, 5FDEDBAA-8BAD-4185-8806-DE5CCCCB9CAA.jpg [View same] [iqdb] [saucenao] [google] >>11277275 Rare merchant

>>	Anonymous Wed Oct 3 00:03:42 2018 No.11278585 File: 1.04 MB, 2000x1709, 610D8B4D-250C-4762-96E0-32E33A63A9B1.jpg [View same] [iqdb] [saucenao] [google] >>11277624 Fuck the jews anon. Fuck them

>>	Anonymous Wed Oct 3 00:05:57 2018 No.11278610 File: 11 KB, 624x616, 1460247621683.png [View same] [iqdb] [saucenao] [google] >>11278282 >>11278285

>>	Anonymous Wed Oct 3 00:06:34 2018 No.11278613 File: 260 KB, 1500x966, 98D7A8FD-5838-42D2-BF50-4FC12075A902.jpg [View same] [iqdb] [saucenao] [google] >>11277235 This guy fucks

>>	Anonymous Wed Oct 3 00:07:43 2018 No.11278627 File: 13 KB, 264x191, C7188D64-9448-436C-965C-83A4E91D3127.png [View same] [iqdb] [saucenao] [google] >>11277862 >muh IQ

>>	Anonymous Wed Oct 3 00:10:37 2018 No.11278659 >>11277265 based and jewpilled

>>	Anonymous Wed Oct 3 00:12:16 2018 No.11278670 >>11278013 I’m pretty sure banks will go with IBMs crypto project since IBM already handles 95% of the worlds digital transactions

>>	Anonymous Wed Oct 3 00:27:37 2018 No.11278789 >>11278013 >what is a monetary premium fuck me how stupid is /biz/ exactly

Anonymous Wed Oct 3 00:29:21 2018 No.11278806
File: 180 KB, 798x770, 1477118701603.jpg [View same] [iqdb] [saucenao] [google]

>>11278670
>I’m pretty sure banks will go with IBMs crypto project since IBM already handles 95% of the worlds digital transactions

HAHAHAHAHAH
HAHAHA

oh wait you are serious let me laugh even harder
AHAHAHAHAHAHAHAH
AHAHAHAHAHAHAHAHAHAH
AHHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

Anon I'm pretty sure you'll go with your plumber's cooking because he cooks food.

>>	Anonymous Wed Oct 3 01:39:36 2018 No.11279279 File: 395 KB, 2676x407, 8932BE11-2633-4F5A-B40D-925C3A4A876A.jpg [View same] [iqdb] [saucenao] [google] >>11278806 What is it like to be retarded?

>>	Anonymous Wed Oct 3 03:57:58 2018 No.11280180 >>11277862 to be fair its easy to be double OP's IQ when he's a literal retard monkey

>>	Anonymous Wed Oct 3 03:59:01 2018 No.11280188 >>11279279 >What is it like to be retarded? GUYS ALL THE MUSIC STUDIOS IN THE WORLD USE WINDOWS SO I'M SURE THE ZUNE WILL BE SUPER SUPER SUCCESSFUL This is you ^

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