/biz/ - Business & Finance

>>9515018
btw, Luke Dashjr is a prominent Core dev. Cobra Bitcoin is the co-owner of bitcoin.org and bitcointalk.

PoW is a failed experiment. Big companies will never put themselves at the mercy of anonymous chinse miners.

>>9477406
pic related is co-owner of bitcointalk and bitcoin.org

Satoshi's vision for PoW is clearly dead. His vision: one cpu = one vote. Now it's more money = more votes.

With ripple, bad actors can't buy votes, they can't buy power. Every action you make is associated with a public key. Misbehave and you are out.

>>8133260
>>8133330

it's indeed 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 the owner of bitcoin.org and bitcointalk.org

>>8114773
Ripple is 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 the owner of bitcoin.org and bitcointalk.org

Ripple is 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 the owner of bitcoin.org and bitcointalk.org

>>8026387

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 the owner of bitcoin.org and bitcointalk.org

>>8019703
owner of bitcoin.org and bitcointalk.org, who just asked the community to consider changing the proof of work.

Sad thing is, changing PoW won't fix anything. ASICs broke Satoshi's Vision forever. He wanted 1 cpu = 1 vote. even if PoW changes, new ASICs will be manufactured, richest can control most of the hashpower by making ASICs, or purchasing pools, and you won't know it, it can all happen behind the scene, but right now, it's obvious, we know bitmain controls most of the hashpower.

>>8013695
>>8017179
not exaggerating, Bitmain owns several pools, even some of their twitter accounts are run by the same person.

>>8013335
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 the owner of bitcoin.org and bitcointalk.org

>>7920807

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 the owner of bitcoin.org and bitcointalk.org

>>7882735
>>7882815

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 the owner of bitcoin.org and bitcointalk.org

>>7844892
>pre-mined
there's no mining in Ripple


>shitcoin
literally one of the two only useful coins today (the other one is Monero)
>centralized
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 the owner of bitcoin.org and bitcointalk.org

>>7794164

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 the owner of bitcoin.org and bitcointalk.org

>>7707315

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 the owner of bitcoin.org and bitcointalk.org

>>7641482
Yes, it's a positive, if a group of people have a different vision, they don't need have to convince a mining cartel to support it and secure the network. They don't need a $18M of net new $ flowing in just to maintain the price ( to offset inflation). It's up to the market to decide the value this vision.

Pic related is the owner of bitcoin.org and bitcointalk.org


>>7641482
you are the same pajeet that got rekt in a thread a week ago. You are repeating the same retarded points.

xRapid uses public exchanges that trade XRP to source liquidity from speculators and other members of the public who're trading cryptocurrencies for fiat and vice-versa. It pairs trades at different exchanges in real time and transfers the XRP between exchanges.


It automates the following process, which one can do (slower, thereby less profitably) by hand:

Deposit USD at (source exchange)
Trade USD for XRP at (source exchange)
Withdraw XRP from (source exchange), deposit at (destination exchange)
Trade XRP for EUR at (destination exchange)
Withdraw EUR from (destination exchange)
>don't have to expose the network to outside attacks
>Make network private

That shows how ignorant you are. Making it private would make it more insecure. Just as using your cryptographic algorithm.

>>7584430
>centralized
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 the owner of bitcoin.org and bitcointalk.org

>>7526248
better 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 the owner of bitcoin.org and bitcointalk.org

>>7521866
>premined

there's no mining in Ripple


>shitcoin
it's the only usable coin that serves a real world purpose

>centralized
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 the owner of bitcoin.org and bitcointalk.org

>>7521532
>non fungible

unlike bitcoin, it's fungible

>centralized

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 the owner of bitcoin.org and bitcointalk.org

>>7513445
>The point of crypto is decentralization, which XRP is not.


.
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 the owner of bitcoin.org and bitcointalk.org

>>7456026

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 the owner of bitcoin.org and bitcointalk.org

>>7252238

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)
-Consensus 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

>>7132925
>not anonymous

neither XRP nor Bitcoin are anonymous. If you anonymity/privacy, don't be retarded and use Monero.

Bitcoin is actually worse when it comes to privacy/anonymity because it's not fungible like XRP. Google "fungible" if you don't know what it means. Bitcoin's UTXOs can be blacklisted by merchants because they were tainted by criminals.
.
>centralized

Ripple is 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 the owner of bitcoin.org and bitcointalk.org

>>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

>>6985580
>muh academic paper

no one cares, pajeet. One chink can fuck up Bitcoin and bunkrupt the entire ecosystem. His company owns multiple pools that have +50% of hashpower.

No one, not even hardcore bitcoiners beleive that Bitcoin is decentralized. The design in the whitepaper is decentralized (1 cpu = 1 vote). ASIC fucked it up.

Pic related is owner of bitcoin.org and bitcointalk.org


following article is by a bitcoin early adopter:
Stop. Calling. Bitcoin. Decentralized. – Egor Homakov https://medium.com/@homakov/stop-calling-bitcoin-decentralized-cb703d69dc27
With Ripple, double spending is not possible, no one can rollback the chain, with bitcoin, this is possible, whoever purchases the most hashing power controls the network.


That's not it. Bitmain has a patent on exploiting a flaw in the proof-of-work algorithm and it sues anyone that takes advantage of it.