/biz/ - Business & Finance

[Anonymous No.7062073]

I made a thread about ripple mooning today but it is closed.

Pipul, don't underestimate normie hype. Ripple sucks, but it's definitely going to bounce after losing 2/3 of its value. Grab your bags while you can.

[Ripple Fundamentals No.7062815]

[Performance]
-Ripple consistently handles 1,500 transactions per second, 24x7.
-Payment channels can process 10s of 1000s of transactions per second.

.
[Cost]
-A standard transaction costs just 0.00001 XRP.
-The cost is not paid to any party: it's irrevocably destroyed.

.
[Real-world use]
-5 institusions are currently using XRP (MoneyGram, Cuallix, FlashFX, IDT and MercuryFX).
-Many banks are currently using xCurrent. Since xRapid is cheaper (saves up to 60%) and provides final settlement, they are likely to transition to it.
-Bichip will use XRP in its RFID chips.
-A w3c standard that Ripple helped develop (and was demo'd by Microsoft) will be available in all major browsers, it'll facilitate paying with XRP.

.
[Economics]
-The supply is fixed.
-Unlike Bitcoin, there's no inflation. Bitcoin uses PoW which relies on inflation and/or high fees. Bitcoin requires $18M of net new $ flowing in just to maintain the price!!

.
[Security]
-Unlike Bitcoin, double-spending isn't possible. Bitmain (a Chinese company) can rollback Bitcoin's chain and bunkrupt the whole ecosystem.
-An attack could only stop new transactions temporarily. Participants would simply remove bad participants from their list

.
[Decentralisation]
-Each participant can run a validator and use his own list of validators.
-validators role is to agree on an order for new transactions
-10s of reputable public & private entities around the world are currently running validators (e.g., Microsoft, MIT, CGI, WorldLink, Bahnhof,..)
-Consensus for the order of new transactions requires a supermajority of 80%

.
[Incentives]
-XRP is a revenue source for Ripple Labs. This aligns its incentives with XRP hodlers. It uses the revenue to improve the tech and expand XRP's marketshare.
-Ripple Labs share is locked in 55 batches on the network. Only one batch can be unlocked per month. It would take them 5 years to unlock them all. XRP is sold only to long term investors (i.e., they can't dump).

[Anonymous No.7062886]

>10s of reputable public & private entities around the world are currently running validators

>10's
>tens
>tens of

>decentralized

[Anonymous No.7062887]

>>7062073

[Anonymous No.7062901]

>pipul
Fucking KEK

[Anonymous No.7062950]

[Anonymous No.7062958]

>>7062886
it's actually more decentralized than bitcoin

.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)
-One company can rollback the chain and bankrupt the entire ecosystem (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, ...)
-double spending not possible (the chain can't be rolled back)
-Consesus requires a supermajority of 80%
-Anyone can run a validator and use his own list of validators
pic related is owner of bitcoin.org and bitcointalk.org

[Anonymous No.7063151]

>Hoping XRP would increase in value
>Ripple will not allow it to increase in value.

[Anonymous No.7063223]

[Anonymous No.7063224]

>>7063151
XRP is a main revenue source for Ripple Labs. They have incentives only to pump the price.


higher price > probably higher volume > less volatility > xRapid saves more money!

https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/

[Anonymous No.7063369]

>>7063224
Yeah, and this "high volatility" was defined when xrp was measured in fractions of cents lol.

[Anonymous No.7064076]

>>7062950
> He who controls the cryptocitties controls the universe

[Anonymous No.7064131]

>>7063151

>The people who hold the most XRP don't want it to rise in value.

How unbelievably stupid do you have to be to imply something so moronic...