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/biz/ - Business & Finance

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21721319 No.21721319 [Reply] [Original]

XRP backed by gold?

NO! Officially BTFO'd by Ripple CEO Brad Garlinghouse. https://www.youtube.com/watch?v=amUze-8qEvU&pp=wgIECgIIAQ%3D%3D

Charlie Ward was a scam. 2K EOY is off the table, niggers.

>> No.21721362

>>21721319
Fud

>> No.21721374

It's always been a scam. This shit coin is going nowhere

>> No.21721399
File: 378 KB, 945x740, 1596642029357.png [View same] [iqdb] [saucenao] [google]
21721399

Smells of curry in here

>> No.21721434

FUCK XRP

>> No.21721473

>>21721399
>>21721374
>>21721362
I admit I had my doubts, it could have been true, but Brad Garlinghouse simply said it couldn't work because XRP is a decentralized, openly traded asset. You can't both pay the market price of gold or the value of XRP.

>> No.21721685

$0.28 EOY

>> No.21721859

>>21721685
2K EOY in sats*

>> No.21722325

>>21721319
STINKY LINKY STOMP HIS FEET
HE KNOW THAT RIPPLE HAS HIM BEAT

HE THRASH AND SCREAM AND CRY AND COPE, ONLY COMFORT WILL BE THE ROPE

>> No.21722383

>>21721859
lol

>> No.21722409

>>21722325
kek

>> No.21722443

>>21722325
kek, I too would be mad if I was a linkie right now

>> No.21722489

>>21721319
Not watching your 16 minute video
Not selling
2K EOY

>> No.21722518

>>21722489
it's better to have earned and lost, than to never have earned before.

>> No.21722535

>>21722325

This is funny as hell. XRP 2K SATS EOY

>> No.21722691

>>21722535
Thinking the 2k est by EOY is being a little conservative. The higher the value the more efficient it would work

>> No.21722856

The 2k EOY is a meme. XRP is a legitimately amazing product and will end up being worth more than the .30 it is hovering at.

>> No.21722929

>>21722777
Check this shit out

>> No.21723105

>>21721473
>I admit!

go back t tel aviv schlomo, ur not gonna buy on my xrp fo cheap days before they pump

>> No.21723161

>>21721319
You are beyond stupid pleb.

XRP going to 2k in 5 to 10 years has nothing to do with gold.

XRP is going to 2k because it is one of the main parts of the new financial system.
It’s already agreed Ripple will be the new swift system.
Let that sink in for a second.

XRP is the payment VEHICLE for the new system. Banks don’t have a use for XRP yet because we are still in the old Breton woods system from WW2.
Every country has their own fiat currency and most banks are just now entering into the digital asset space. So using XRP right now would be useless, but in the future not only the will they have no choice but XRP will be the fastest and most efficient way of payment.
XRP equals classical investing faggot which takes balls.
It’s not for weak handed plebeians like yourself.

>> No.21723227

>>21722325
Kek

>> No.21723260

>>21723161
Rumor has it that SWIFT is going offline this month on the 31st and maybe Ripple is going to take its place? Maybe partly?

>> No.21723310

Xrp won’t be backed by gold but the CBDCs that it exchanges for will be.

>> No.21723395

>>21723260
Yeah I don’t know about that. I mean it would be great for XRP but I doubt they are going to cut swift off like that.
Most likely the process will take a few years.
That’s the most logical way to look at it. It’s why you grab your XRP and leave it alone. That is a long term investment dude.

>> No.21723583
File: 41 KB, 600x600, elrisitas.jpg [View same] [iqdb] [saucenao] [google]
21723583

>>21723161
>>21723260
>>21723395
Imagine banks with 100M+ employees worldwide and no one has heard of SWIFT being replaced besides some bald dude you can hire on Fiverr.

>> No.21723631

>>21721319
August 26th

>> No.21723687

>>21723395
I do think that Covid has sped up the whole process. Will it take a few years, maybe.
If they press the whole "We have to be number one! We have to beat China at their game!" narrative, I think they can pull it off by the end of the year.

>> No.21723697
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21723697

>>21723583
????????
Its public knowledge at this point. Have you really not been paying attention?

>> No.21723726

>>21723161
Alright PLEBBITOR

>> No.21723823
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21723823

>>21723697
I'll let you dream in your little bubble, newfag. It's probably the only happiness you've got left.

>> No.21724415
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21724415

>>21723823
>tfw a newfag calls you a newfag

>> No.21724609

>>21724415
HDK

>> No.21724704

>>21721319
>XRP backed by gold?
NEVER anyone but like 2 or 3 low IQ schizos niggers with no clues about how the economy work and trying to read tea's leaves and contact aylium via Dr Greer ever pretended this. Stop making stuff up.

>> No.21724818

>>21721319
David Schwartz said long ago that it wouldn't be backed by gold but that the value of it all would be transacted and flow freely over the XRP ledger. He has also talked about how the price would have to be high to facilitate this much activity. The only thing that would potentially be backed by gold would be the digital dollar when they roll that out. XRP will be the measuring stick for all other assets and currencies in kind of the same way that Bitcoin currently is for the crypto market. I'm glad to see the retarded "backed by gold" meme finally die.

>> No.21724877

>>21721319
https://www.youtube.com/watch?v=ENbvcTLvSZA

What in the living fuck is going on here, I thought this was a fucking larp?

>> No.21725036

>>21724818
HENCE Y IT IS THE MOST STABLE OF STABLE COINS.

>> No.21725043
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21725043

>>21724877
no its not a larp, we are legitimately excited by the financial system being updated. This is the most legit cryptocurrency project that there is. Its going to kill 99% of cryptocurrencies.

>> No.21725095

>>21725043
thats the new swift pic

>> No.21725161

still not selling anon, you can continue to fud though

>> No.21725182

ITT: people that didn't actually watch the townhall. Garlinghouse only said that at the moment XRP isn't backed. He also said that all it would take to be backed, would be to put it on the ledger. that's it, simple as that, it can happen at any moment

>> No.21725333

>>21725182
as much as that sounds good i didnt watch the video. Why? DR;NS

>> No.21725414

Didn't watch never selling

>> No.21725770

You will literally never EVER convince me to sell a good product. I don't even understand the FUD here. It's not theoretical tech. It exists. It is being used. It is gaining major partnerships and traction. Disregarding the financial reset theories, it is still an amazing long term asset.

>> No.21725979

Stablecoin at best.
3rd most held on normiebase.
Any moon you are enjoying the ride with too many others for you to make it.

>> No.21726311

>>21721473
Baba and Mellon have been saying for months
>do NOT trust the Ripple people giving info on XRP
and then you do exactly that

>> No.21726392

>>21726311
this, I could read between the lines during the townhall. others seem to have taken it too literally

>> No.21726447

xrp is literally the only functional cryptocurrency

>> No.21726775

>>21721399
>Smells of curry in here

Checked

>> No.21726869

>>21725979
5th most held schlomo

i thought u would know better

>> No.21727079
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21727079

>>21726869
>5th most held
we are so early, oh my god. I cant wait for all the shitcoin money from LINK and ETH to fomo into my Zerps at $1

>> No.21727288

>>21727079
Kennedy is gonna be so proud of us

>> No.21728209
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21728209

>>21721319
this comment sums it up perfectly. Also
>red id

>> No.21728370
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21728370

>>21723161
you've been sucking too much dick

>> No.21728574

>>21722325
Fucking kek