/biz/ - Business & Finance

[Anonymous No.5834074]

WHY ARE PEOPLE BUYING THIS???
FUCK THE BIG BANKS!!!

[Anonymous No.5834177]

[Anonymous No.5834225]

[Anonymous No.5834274]

[Anonymous No.5834277]

[Anonymous No.5834313]

http://www.latlmes.com/tech/ripple-is-paring-up-with-wall-street-xi-so-huyn-says-1

This is why

[Anonymous No.5834324]

>>5834277

[Anonymous No.5834341]

>>5834074

easy money, just dont be the last anon to buy in

[Anonymous No.5834412]

Someone at work was telling me it's bitcoin but way cheaper

[Anonymous No.5834438]

>>5834313
Pajeet

[Anonymous No.5834448]

[Anonymous No.5834472]

>>5834177
>>5834225
>>5834274
>>5834324
>centralized
>not mineable
>not anonymous
>teaming up with banks
whats the fucking point of ripple again?

[Anonymous No.5834487]

>>5834074

Part of me is irked by missed gains from XRP.

The other part of me knows it's a central bank ploy to divert capital away from tech that competes with central banking.

I'm usually not moralistic about anything crypto related. XRP is the only exception so far.

Monero vs Ripple, who wins?

[Anonymous No.5834505]

>>5834313
Fuck your virus link faggot.. LAtLmes

[Anonymous No.5834515]

>>5834074

kek

[Anonymous No.5834535]

>>5834472
You just listed the point of Ripple.

[Anonymous No.5834607]

>>5834074
because they are hoes. get in the Big BTC rocket ship.

[Anonymous No.5834611]

[Anonymous No.5834612]

>>5834472
Banks are all MUH TRUST when it comes to currency.

[Anonymous No.5834628]

FUCK THIS KIKE SHITCOIN

[Anonymous No.5834649]

>>5834535
the point is to suck and do nothing new?

[Anonymous No.5834654]

>>5834472
TO. MAKE. MONEY.

[Anonymous No.5834732]

>>5834472
>not mineable
Implying that's a bad thing:

>http://www.nasdaq.com/article/china-wants-to-regulate-energy-use-for-bitcoin-mining-ripple-soars-cm899489

[Anonymous No.5834733]

[Anonymous No.5834734]

>>5834074
Banks investing heavily into it and koreans aswell because it actually has an use in Korea.

When Ripple hits a higher marketcap than ETH you know that there is something wrong.

[Anonymous No.5834788]

>>5834472
I think the point is that you could have made good money on it, like the rest of us, but you're too busy moaning about the concept to see the gainz

Pathetic

[Anonymous No.5834827]

>>5834177
>>5834225
>>5834274
fuck off jew

[Anonymous No.5834912]

>>5834487
Monero:
>Private
>Anti-jewish
>Mineable
>price basically never moves, good store of value
Ripple:
>Jewish, ZOG
>Fuckhuge circulating supply, will never reach 5 dollars
>More can be printed whenever

[Anonymous No.5834975]

>>5834654
you're getting greedy and it's going to fuck you over

[Anonymous No.5834983]

>>5834827
HAHAHAAHAHHAAHA GOYIMS BTFO

[Anonymous No.5835018]

You can FUD us all the way to the bank, we heard them all before.

[Anonymous No.5835046]

>>5835018
You cannot prove anything there wrong

[Anonymous No.5835058]

>>5834788
you dont have to sell out and flush bitcoin's dream down the toilet to make money in crypto, your just a piece of shit who only wants a quick buck vs bitcoin that will change the world and make even more $$$

[Anonymous No.5835071]

>>5834487
I would be mad too except all the shitcoins I did invest in mooned way harder. The market cap is way too big now for this to do another 10x.

[Anonymous No.5835077]

>>5835046
>BUT MUH GAINZ
let them be greedy man, they'll learn their lesson.

[Anonymous No.5835088]

>>5834472
It's going to buy me a new boat simply by sitting on my ass.

[Anonymous No.5835093]

>>5834472
It's not centralized.
BTC isnt anon either. No PoW is a good thing.
I think you may be retarded.

[Anonymous No.5835123]

Small lesson:

Don't get upset when a coin 10xs and you don't own any.

That kind of mindset will destroy you.

[Anonymous No.5835125]

>>5834912
Plus, you know, drugs.

[Anonymous No.5835142]

>>5834074
FUCK DA BIG BANKZ!!!!!!!!!!!!!@111111111

You "people" are like niggers.

[Anonymous No.5835179]

>>5835142

[Anonymous No.5835222]

>>5835179
wow you are so woke unlike the sheeple haha are you in the rebel alliance from star wars #RESIST

[Anonymous No.5835232]

>>5835142
Uh, anon? Are you okay? The banks are not there to help you.

[Anonymous No.5835240]

>>5835142
I think some people are just salty they got bailed out twice. Honestly it's their own fault for electing a government that would do it lol

>elects government to bail out banks

>blames banks

[Anonymous No.5835266]

>>5834074
money is amoral Vitalik

[Anonymous No.5835267]

>>5835046
It's just FUD until proven otherwise

[Anonymous No.5835281]

>>5835093

[Anonymous No.5835289]

>>5834983
the correct word you are looking for is "goyim" not goyim(s). Maybe a few lessons of hebrew should be mandatory before entering /bizrael/

[Anonymous No.5835292]

>>5835232
I don't care about "da banks" because I'm not a nigger who blames other people or entities for my own shortcomings. You will die poor.

[Anonymous No.5835299]

>>5835267
Prove that ripple is decentralized

[Anonymous No.5835354]

>>5835292
>>5835123
This was my contribution to the thread, please stop baitposting.

[Anonymous No.5835366]

>>5834074

Because we're in it for the money. Idealism can't and won't feed you or clothe you.

[Anonymous No.5835367]

>>5834827

The banks don't want to collect all of your precious BTC and ETHemon. They don't want your 7 transactions per second, 15 minute block times, and $30 fees. They want you to use a currency that they issue and track. They want to issue it, so they can inflate it and give it to their friends first. And they want to track it so that they can assess sales and income taxes.

There is no "SCARCE" or rare cryptocurrency. It doesn't matter if it only has 16 million units or 16 trillion, especially since they are all divisible by 8 decimals. All that matters is that as many people as possible are willing to trade goods and services for said currency.

XRP is the bank, billionaire, trillionaire, fortune 500, government cryptocurrency. In their mercy for the thousandaires, they've been telegraphing this for a very long time. The market cap of all global paper and electronic currency is about $90 Trillion. If major retailers, such as Amazon, Target, Walmart, Starbucks, McDonalds, etc announce that they will sell products for XRP, market adoption will be very fast and Trillions of dollars will flow into XRP.

Another retarded part of this theory is the claim that the banks want to hoard all the BTC and ETH so they can use it to buy into new ICO's. That would simply result in the banks dis-hoarding their BTC and ETH and releasing it back into the marketplace and they would then be holding bags of various shitcoins.

To summarize this absolutely idiotic theory:
> 1) Banks create Ripple (I agree with only this part)
> 2) Banks trick the market into trading BTC and ETH for XRP, so the banks can hodl the precious BTC and ETH
> 3) Banks then trade the BTC and ETH for shitcoin ICOs.
> 4) ...
> 5) Profit?

[Anonymous No.5835376]

>>5835071
THIS
All I care about is 10x and other coins will get me there sooner
XLM for one

[Anonymous No.5835407]

I bought because it's #2 coinmarketcap and only $3 bucks. BTC is #1 and way more which means the price will likely explode soon. *Dabs on the haters*

[Anonymous No.5835416]

>>5835093
>>5834732
Mining validates the transactions, brainlets. The reward is literally only there to motivate people into to doing it. Advances in mining can bring energy cost down 20% right now.

Ripple there is no game theory to validate transactions. No new Fidgets are created at all every by anyone, except Ripple Labs. Which when the shit token was created took 80% of the supply and the creators took the remaining 20%. All distribution of Ripple has been done entirely one sided, literally just handing Ripple Labs your money for absolutely nothing in return.

[Anonymous No.5835431]

>>5835367
Didn't read
Also everything that you just said is wrong

[Anonymous No.5835446]

what kind of virgin moralcuck doesn’t hold both kinds of coins for dirt cheap and get rich either way? you’re more “empowered” no matter what. it doesn’t even make sense from an activist standpoint.

[Anonymous No.5835465]

>>5835299
Lots of crypto currencies are centralized. xrp is not the only one. People know this yet they're sitll buying it

[Anonymous No.5835467]

>>5835299
Theoretically it was, but if we're to believe the official twitter, one man may hold 17%, but I doubt he'd actually crash the market.

Still doesn't seem to do much more than provide liquidity to banks, which still begs the question why people think it's a currency and not BaaS.

But, I would still recommend buying.

[Anonymous No.5835475]

[Anonymous No.5835509]

>>5835071
You are fucking lying, you salty larping sour grapes NEET lmao. XRP was the best-performing coin of 2017. Nothing beat it. NOTHING.

[Anonymous No.5835524]

>>5835018
Almost all of these are literally true.

[Anonymous No.5835527]

[Anonymous No.5835532]

>>5835416
>Mining validates the transactions
What about PoS coins?

[Anonymous No.5835544]

>>5835446
I already made an asston of cash off of XLM and I have no interest in buying XRP ATH.
>>5835465
It matters when the coin is jewish and evil
>>5835467
>buying a coin that has no more room to grow
foolish

[Anonymous No.5835576]

>>5835509
r u srs? TRX just 40xed, tons of shit is mooning WAY harder than XRP

[Anonymous No.5835598]

>>5835524
>>5835046

All of these reasons are why it will succeed.

[Anonymous No.5835653]

[Anonymous No.5835662]

>>5835299
>it has 10s of validators picked by Ripple Labs
>nepotism would never dictate validators
>100% desentrayzied

[Anonymous No.5835678]

>>5834313
fucking pajeet neck yourself

[Anonymous No.5835692]

we would have too see XRP hyped on the (((media))) just how bitcoin is now, before they (((dump it))).

[Anonymous No.5835699]

>>5834472
>centralized
in fact more decentralized then bitcoin with 80% of all mining pools based in China.
Ripple's CEO has also stated in an interview that increasing network decentralization even more is a top priority for 2018.
>not minable
good because mining is inefficient af as stated above
>not anonymous
same as bitcoin but that's actually a good thing when exchanges have to follow KYC guidelines.
>teaming up with banks
smart move

[Anonymous No.5835709]

>>5835179
cringe

[Anonymous No.5835722]

>>5835709
t. soyboy cuckold

[Anonymous No.5835727]

>>5835532
Same shit different proof. Ripple has no proof. Kind of like PS3 has no gaems.

Crypto is about trusting math, not people.

[Anonymous No.5835738]

>>5835544
Mmhmm, that's not necessarily true. You really underestimate the power of new money.

Look at XVG, there's realistic possibility that it could find a new floor at 600 sats just because investors have zero liquidity.

I'd personally put the project in the trashbin, but it's made me quite a bit by just logically playing against that mindset.

Holding XRP is stupid, yes, but just looking at basic TA tells me that it's got far more growth potential if you find an entry that works for you.

[Anonymous No.5835796]

>>5835662
Don’t forget founder holds 2x as much circulating supply. I could totally see an International intergovernmental exchange based on this. Sike!!

[Anonymous No.5835856]

>>5834074
Because it makes me money

Going to sell it for bitcoin when it hits $10

[Anonymous No.5835924]

>trying to spread the truth about jews on the board with the biggest jewish concentration on 4chan

[Anonymous No.5836049]

>>5834074
XRP will take over thw crypto market, because it is superior. GO BACK TO >>>/pol/ , you anti-semites.

[Anonymous No.5836051]

>>5835856
that actually seems pretty reasonable, I hope it gets there anon

[Anonymous No.5836112]

>>5836049

[Anonymous No.5836131]

>>5835699
>80% of all mining pools in one place but is very decentralized
stop reading there, almost got me

[Anonymous No.5836217]

>>5834074
banks are buying, better transaction means.
why fuck banks? do you not use banks?

[Anonymous No.5836237]

Just watching it go up little by little.

[Anonymous No.5836276]

>>5836049
never said anything about the jewish people but ok. i say banks and you hear jew, you're the real bigot here.

[Anonymous No.5836279]

>>5835678
got you there didnt i :)

[Anonymous No.5836338]

>>5836217
If I didn't NEED a bank I would never use one

Banks should be for governments and corporations

I technically have no need for one.

[Anonymous No.5836413]

Cup and handle so fucking perfect its like out of a textbook.
Accumulate today because when you wake up tomorrow we will be well on our way to $5.

[Anonymous No.5836432]

>>5835416
PoW is bad because it is an outdated power hungry way of powering the blockchain. Doesn't make Ripple not blockchain you dumbass. Everytime they innovate you retards complain that its not exactly like bitcoin. https://ripple.com/build/xrp-ledger-consensus-process/
Educate yourself.

[Anonymous No.5836535]

I really want to buy some of this, but I'm hard HODLing right now. I'd use fiat, but I can't get authenticated on any of the sites that sell it for fiat. I was about to say fuck it and buy some with eth, but then it started going up.

tfw never gonna make it

[Anonymous No.5836542]

>>5835856
At $10 just one cofounder of ripple would be worth $51.9 billion as he owns 5.19B xrp

http://markets.businessinsider.com/news/stocks/ripple-xrp-co-founder-chris-larsen-worth-37-billion-2018-1-1012408621

It's insane to expect these people not to sell soon. He would be 8th richest person in the whole world at $10.

That's not the locked supply, the locked supply belongs to the Ripple company. Btw every month 1B xrp gets unlocked and distributed among shareholders.

[Anonymous No.5836567]

cucks n muh principals. make money off the jews faggot.

[Anonymous No.5836630]

Why do you hate free money Anon? Trade in the world we currently live in, not the one you believe we should have.

[Anonymous No.5836650]

>>5836542
I know they release one billion XRP monthly but can you show me where it says it’s distributed to shareholders?

[Anonymous No.5836673]

>>5836217
slow and treat you like a criminal from day 1
took me 15 days to transfer $10k from one bank to another both under my name. their system is outdated

[Anonymous No.5836702]

>>5836432
There's literally no reason for these "validators" to play fair. See traditional banking, you fucking mung.

PoW, PoS, PoC, etc take your pick there are plenty of decentralized means to validate transactions and many don't require much power. There is no proof in a Ripple transaction, you're just relying on some faggot Ripple Labs appointed to validate them for you. Which is literally traditional fucking banking. It's not a crypto, it does absolutely nothing.

[Anonymous No.5836826]

>>5836650
On a phone now but what else can they do? Either sell -> profits accrue to shareholders eventually, or distribute xrp to them directly. The net effect is the same, shareholders gain the value of unlocked xrp

[Anonymous No.5836849]

>>5836650
Why the fuck does anyone buy this?
>made up tokens handed out by a company
>the tokens don't give you a stake in the company
>the tokens don't require the company provide any product or service or to even maintain its development

But really the most important part is people are buying one sided distributed tokens, its fucking madness.

[Anonymous No.5836854]

>>5836542
>tfw made 37 billion with shitcoin

[Anonymous No.5836888]

[The Cazador !Sd0Bitezr. No.5837062]

>>5834074
>Built in deflation control to incentivize spending over holding
>literally fiat 2.0

Congrats to those that made a fortune when this shit mooned, but I hope you dump the fuck out of this POS and put those gains into something else.

[Anonymous No.5837066]

>>5836888
kek ripple btfo

[Anonymous No.5837115]

>>5836702
>see traditional banking
Works great desu.
Also you must be illiterate if you think they can cheat it. It's not a single validation by a single source done by pen like you retards think. Not centralized. Hence validatorS

[Anonymous No.5837143]

>get wealthy
>invest in an inflationary currency

pick one cunts

[Anonymous No.5837252]

>>5837115
Gee why didn't I ever think of that! Yes it requires collusion. If you think nepotism and colluding won't happen over a trillion or more market you're out of your mind.

[Anonymous No.5837256]

>>5834074
>>5834277

[Anonymous No.5837273]

There is so much misinformation about Ripple and XRP that it's not even funny anymore. I get it, you don't like Ripple because Jews (lol), but stick to facts or your arguments carry no weight.

>>5836542
There are contracts in place that limit how much employee's can sell and over what timeframes. I don't know the exact details, but there's no chance that they could just crash the market and they don't need to. They're this close to changing the game and they're loaded anyway. People like that have ambitions other than just making money.

1bn is released from the escrow every month, but it's not distributed between shareholders. Those XRP's are meant for FI's. The very force that will drive the XRP price to the moon.

In addition, market cap is a useless metric for crypto's. I guess it's fun to compare different crypto's against each other, but it's definitely not a limiting factor for crypto growth. Crypto's will have a bigger market cap than the biggest Fortune 500 companies.

..and fuck Bitcoin, it's not decentralized by any means, it's controlled by fucking chink miners, it's environmentally extremely exhaustive, it's slow and has ridiculous fee's. Bitcoin had its time and place, but time's are changing now.

[Anonymous No.5837292]

i'll just leave this here..

[Anonymous No.5837406]

>>5837252
So do you still not understand how it works? or are you just retarded?

[Anonymous No.5837460]

>>5834074
Owning XRP means you are profiting from the banks. I do not see how you people cannot fucking understand this. The banks PAY for their transactions and useage of Ripple protocol and XRP.

[Anonymous No.5837485]

>>5837143

[Anonymous No.5837552]

>>5834074
Because it's increasing the amount of wealth they have. Loads of speculators on board. Chill out, people will realize in due time it's literally trash. The moment it starts crashing loads of people are going to get out.

[Anonymous No.5837593]

>>5837485
>screenshotting your own post
lol

[Anonymous No.5837644]

>>5837593

Some people don't read the pasta.

[Anonymous No.5837656]

>>5834649
this >>5834654 be patient young padawan Ripple has no inherent value people new with crypto are literally to stupid to realize it. They see it going up so they buy. Loads of newfag money getting in, whales are already moving in the shadows do dump big time on them.

[Anonymous No.5837670]

What's the best ripple wallet ripfags?

[Anonymous No.5837698]

>>5837670

toastwallet.com

[Anonymous No.5837783]

>>5834074
u morons don't seem to understand how finance works. the banks own all the money. they have all the billions just waiting to be invested in anything they want. if they have picked ripple then it doesn't matter how much money everyone else combined have.
we're talking about trillions of dollars here. it would only take 3-4 of the big wall street banks to put any coin in God status.

[Anonymous No.5837848]

>>5837783

/biz/ hates math and logic.

[Anonymous No.5837893]

ripple is basically digital dollars. its fucking worthless. they can print as many as they want and they control the consensus. its not even a fucking cryptocurrency

[Anonymous No.5837984]

[Anonymous No.5837999]

>>5837273
>People like that have ambitions other than just making money.

Even the most altruistic person would sell billions worth of xrp at $10 to invest in an actual world changing things and not just a better swift network for banks

>but it's not distributed between shareholders. Those XRP's are meant for FI's.

Meant how? Given or sold? If sold, shareholders gain in the same way. If given for free that defeats the whole point of buying xrp, doesn't it? Banks got it for free, they aren't going to buy from you.

[Anonymous No.5838022]

WHY THE FUCK DOESN'T RIPPLE HAVE AN OFFICIAL OFFLINE DESKTOP WALLET LIKE ALL OTHER NORMAL ALTCOINS I WANT OUT OF THIS EXCHANGE ASAP I HAVE TOO MUCH TO LOSE AT THIS POINT AAAAAAAHHHHHHHH

[Anonymous No.5838105]

>>5838022

To keep the poors (You) from loading your bags with it.

[Anonymous No.5838121]

>>5837656
For FI's XRP is a liquidity pool that will offer instant settlement. That is something we don't have right now.

It also has secondary qualities for retail users. Instant transactions on the RippleNet, very low transaction fee's. It's also a better store of value than Bitcoin.

[Anonymous No.5838180]

Ripple about to overtake Dogecoin in my Holdings

[Anonymous No.5838285]

>>5837893
Not true. 100bn tokens were issued at the beginning of the project. Fixed cap. ~38bn is in circulation. Rest will be given/sold to FI's.

If anything, over time there will be less tokens, as small amount is burned with every transaction. That's a marginal amount, though..as the transaction fee is a fraction of a penny and in place to protect from spam attacks.