/biz/ - Business & Finance

>>5922206

Nice.

Give 10% of your post-(tax, food, clothing, shelter, medical) earnings to a valid charitable cause in your city or state. Then proceed to earn as much as you want, knowing that you are making the world a better place by doing so.

>>5856092

toastwallet

>>5799648

The terms of the escrow is that 1 Billion coins become available each month, for the next 55 months. Ripple is not obligated to sell any. They are merely available for Ripple do do what they want with them. My opinion is that the vast majority of those 55 billion will not be sold. Ripple will either donate them to the IMF, or BIS or a bunch of central banks and let them manage the new world reserve currency, or Ripple itself will register as some kind of non-profit, quasi-government foundation and manage the new world reserve currency.

We're all shills now.

>>5756648

>normies
>finding out

Choose one.

>>5753214

Wow. Thanks for capping that. First time I've seen one of my posts screencapped. That FUD that he posted about the banks conspiring to buy all the BTC and ETH has been going around the past few days, and it is the reason why I stopped lurking and became an XRP shill. It was simply too idiotic and I felt it necessary to intervene.

>>5749389

That's a good idea.

>>5743444

BTC isn't a scam because there are warehouses of powerful computers randomly guessing numbers in order to confirm 7 transactions per second. That right there. That's how you know BTC isn't a scam.

>>5744596

> The wealthiest people in the world who control the global economy suck at making investment decisions.

Got it. What cryptocurrencies and other investments do you recommend?

>>5742772

Technically the currency is called XRP.

>>5737742

Thanks, I'll keep going.

>>5736521

Ripple has great technology. 4 second settlement time, with 1500 transactions per second, scalable to 10,000+ TPS.

However, technology alone will not win the final battle for world crypto supremacy. Lots of cryptos can make fast transactions with 1,000+ TPS. Tomorrow, an even better crypto could be created. The technology is not what people are buying. People are buying the network of users. Ripple has been working with the banks and fortune 500 corporations from the beginning because if they can get the richest people and corporations in the world to use their currency, the rest of the world will follow.

Other cryptos are targeting the thousandaires. Thousandaires control only a small percentage of the world's goods and services. Therefore, any currency used exclusively by the thousandaires gives access to a small percentage of the world's goods and services.

The users are more valuable than the technology. Ripple is creating a currency for the billionaires and trillionaires. The thousandaires will eventually use whatever currency the billionaires and trillionaires use, just like how we all use worthless federal reserve notes, and even measure our crypto gains in FRNs.

>>5730714

There is also no profit motive for the nodes to be dishonest. The XRP validators are not paid. Why then would anyone operate an XRP validator? Most people would not. The billionaires and trillionaires, banks and fortune 500 companies, however, would operate validators because it is a necessary part of operating and securing their new global currency that is made by them and for them. The thousandaires cannot stop this. Load up your bags with XRP and become a millionaire.

>>5730440

Thanks. Know your enemy and know yourself and you have nothing to fear in a thousand battles.

The thousandaires need to pick their battles. We are not going to stop the billionaires and trillionaires from selecting a new global reserve currency and then running it up to $50 Trillion. So load up your bags with XRP, and become a millionaire.

>>5723618

I agree with your general thesis, that bitcoin was subverted and destroyed because it posed a threat to the global banking cartel. However, I think bitcoin was doomed from the beginning because the unnecessary computing of proof of work is very expensive and results in a slow network. You can't run a large-scale economy on 7 TPS. Even increasing the block size doesn't give you high enough TPS.

I'm all in XRP because I believe the billionaires and trillionaires are going to use it to reset the global financial system.

XRP is a coin designed by and for billionaires and trillionaires.

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

$90 Trillion - global paper and electronic money
$70 Trillion - global stock markets
$215 Trillion - global debt
$215 Trillion - global real estate

Asumming a supply of 100 billion coins, if 1% of these assets moves into XRP, that's a $5.9 Trillion market cap, or $59 per coin. For XRP to hit $1000, 17% of global wealth needs to move into XRP. If the circulating supply of XRP is kept at the current level of 38 billion, only 6.5% of global wealth needs to move into XRP.

Ripple is an inside job. Ripple is owned by the same people who own the central banks. Ripple may never release all 100 billion coins into the market. At some point they may "donate" tens of billions of coins to various central banks and then the central banks will use small portions of those reserves to intervene in the markets every few years. They could use XRP as the new global reserve currency for the next 80-100 years until the supply runs out. Then they abandon it in favor of something else.

XRP is a coin designed by and for billionaires and trillionaires.

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

$90 Trillion - global paper and electronic money
$70 Trillion - global stock markets
$215 Trillion - global debt
$215 Trillion - global real estate

Asumming a supply of 100 billion coins, if 1% of these assets moves into XRP, that's a $5.9 Trillion market cap, or $59 per coin. For XRP to hit $1000, 17% of global wealth needs to move into XRP. If the circulating supply of XRP is kept at the current level of 38 billion, only 6.5% of global wealth needs to move into XRP.

Ripple is an inside job. Ripple is owned by the same people who own the central banks. Ripple may never release all 100 billion coins into the market. At some point they may "donate" tens of billions of coins to various central banks and then the central banks will use small portions of those reserves to intervene in the markets every few years. They could use XRP as the new global reserve currency for the next 80-100 years until the supply runs out. Then they abandon it in favor of something else.

>>5715323

Maybe I wasn't clear, but I meant that the people who control the central banks today also control ripple.