[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 125 KB, 615x725, ripple money transfer 33.png [View same] [iqdb] [saucenao] [google]
6283287 No.6283287 [Reply] [Original]

ABANDON BITCOIN CASH NOW

This shit will tank hard. It was supposed to be a trade off between decentralization and cost.

Ripple is both CHEAPER and FASTER and you know who's signing the ledgers. With Bitcoin Cash, 90% of hashpower comes from one anonymous miner (most certainly it's bitmain).

>> No.6283333
File: 228 KB, 1488x996, ripple comp.jpg [View same] [iqdb] [saucenao] [google]
6283333

Ripple 101
----------

-The supply is fixed. There's no inflation.

-The current transaction cost for a standard transaction is just 0.00001 XRP.

-The transaction cost is not paid to any party: the XRP is irrevocably destroyed.

-Ripple consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.


-Ripple Labs share is locked in 55 batches, only one batch can be unlocked per month. It would take them 5 years to unlock them all. This makes their incentives 100% aligned with XRP holders. Ripple Labs is always working on creating new partnerships (e.g., Amex, Santander, ..) and expanding XRP's marketshare.


-Ripple doesn't use proof-of-work anywhere which requires inflation and/or outrageous fees (as in Bitcoin)


-Ripple is more decentralized than Bitcoin. With Bitcoin, you have no choice but to trust whoever purchased the most hashing power (currently it's a chinese company called Bitmain). With Ripple, you can run your own validator and setup your own trusted validators list. 10s of non related reputable public and private entities around the world are currently running validators (e.g., MIT, Microsoft, ..etc), many more keep joining.

.
-The software is open-source (Stellar was a fork of Ripple).

>> No.6283434

bump...

>> No.6283498

True.

>> No.6283676

btrash is a chinse scam

>> No.6283722

>>6283287
Ripple's Twitter sounds like it's being run by a bunch of hopeless, idealistic soyboys.

>> No.6283781

>>6283287

BTC and BCH are both trash

XRP is the future

normies don't give a fuck about "muh decentralization" or "muh jew coins".

They want MONEY - plain and simple. And they want money they can use cheap and fast.

>> No.6283799

>>6283287
That fuckin NYTimes reporter got BTFO so hard now, just annoying that that sjw cunt could crash the market with her fake news but this partnership is really huge, we'll be at 4$ in no time

>> No.6283801

>>6283287
explain to me why it's dumping then

>> No.6283856

keep your centralized shitcoin and just use sql db retards

>> No.6283860

>>6283287
good, good. Let the hate flow through you!

>> No.6283880

>>6283801

it's called profit taking. is this your first day?

>> No.6283998

>>6283880
what profits? it' at the atl since 2017

>> No.6284063

>>6283998

Are you fucking retarded?

>> No.6284110

>>6283998
What?

>> No.6284159

I mean, Ripple is shit and an establishment bankcoin.

But hell, at least it's not bcash.

>> No.6284160

>>6283801
these are sell order that people placed before they saw the news.

this is not wall street. news takes time, I just woke up an hour ago and bought more.

>> No.6284337

>>6284110
>>6284063
>>6284160

zoom out, it' touched 1.60$ today and it would've dumped even lower without the "news"

>> No.6284439
File: 9 KB, 300x300, 4830.png [View same] [iqdb] [saucenao] [google]
6284439

>>6284337
>$1.6
>now above $2
>itz dumpng

>> No.6284527

>>6284337

listen, dumbass: anyone who bought XRP in the past 12-24 hours just saw a 25%+ gain on their money. If they're not in it for the long haul they are cashing out right now.

>> No.6284547

>>6284439
it is now, it's gonna be back sub 2$ in a hour or so and drop to 1.60 in a couple of days

>> No.6284608

>>6284547
You mean 2.60?

>> No.6284683
File: 32 KB, 1038x478, xrpscrn.png [View same] [iqdb] [saucenao] [google]
6284683

>>6284547

Keep telling yourself that.

>> No.6284695

>>6284608
it's 2.07 now

>> No.6284722

>>6284695
Patience

>> No.6284739

>>6284683
>watching btc/xrp pair

how retarded can you be?

>> No.6284834

There are others ways to make money besides being a cuck, I dont understand you xrp guys

>> No.6284909

Faggots are getting ito Cripple because it grew 35000% in 2017

You missed the moon, at best you will get another 3x, which in today's market is peanuts

Good luck holding onto the jewcoin while everything is mooning left and right

>> No.6284998

>>6284739

whatever faggot. the mental gymnastics of you XRP haters never ceases to amaze. stay poor because you're literally too stupid to see the forest for the trees.

>> No.6285052

>>6284998
i'm long xrp and i'm still in profit, but it can't even invert the trend after such a big news.

truly sad

>> No.6285199

>>6283333
>quads of truth
checked

>> No.6285250

>>6285052

IT JUMPED 25% IN 10 MINUTES YOU FUCKING DUMBASS. There's always a selloff when this happens.

Just sell and put your money in a CD or something. You're too stupid to be in this market.

>> No.6285484

>>6285250
yeah, and it dropped 15 in other 10 minutes. that's literally a pnd. and a shitty one.

if moneygram announced a to use eth for money transfers, eth would skyrocket without a correction until 2k

>> No.6285541

>>6285484

>still not getting it

Then FUCKING SELL. What the fuck do you have to prove to me?

>> No.6286003
File: 237 KB, 1338x1358, ripple payment spec 3.png [View same] [iqdb] [saucenao] [google]
6286003

>>6284909
Bitcoin's market cap is not the ceiling. Bitcoin is practically useless now. XRP on the other hand serves a real-world purpose, and Ripple speaks to an industry that is worth trillions of dollars.


In 2018/2019 you will be using it to pay for everything online (pic related), and financial institutions are starting to jump on board too.

.
2018 will be about utility and Bitcoin will be dethroned.

>> No.6286261

BCH not centralized

RIPPLE centralized

/thread

Enjoy holding your bags

>> No.6286374

>>6286261
Ripple is more decentralized than Bitcoin, which is more decentralized than Bitcoin Cash

Ripple > Bitcoin > Btrash


.
.Bitcoin
-One company has more than 50% of the hashpower (Bitmain)
-One oppressive country has more than 50% of hashpower (China)
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents (Bitmain)


Ripple
-10s of validators run by reputable non-related public and private entities in different countries (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-At least 80% of validators must agree for a ledger to be validated (supermajority)
-double spending not possible
-Anyone can run a validator and make his own list of trused validators
.
tldr; with bitcoin you have no choice but to trust whoever purchased the most hashing power, if he misbehaves, you cannot do anything about it, with Ripple, you explicitly choose who to trust, if he misbehaves, you can simply exclude him.

>> No.6286527
File: 3.34 MB, 400x206, lookatthisguy.gif [View same] [iqdb] [saucenao] [google]
6286527

>>6286374
>Explaining how it's not decentralized but uaing that explanation to 'proove' that it is
What did he mean by this

>> No.6286885
File: 88 KB, 729x352, literally the devilcoin.png [View same] [iqdb] [saucenao] [google]
6286885

>>6283287
https://ripple.com/build/freeze/

you realize that this makes XRP worse than what we currently have....

>> No.6286984

hahahaha that is some shit-tier fud

>> No.6287486

>>6284998
That's a mute point in a doggy dog world