/biz/ - Business & Finance

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 doesn't use proof-of-work anywhere which requires inflation and/or outrageous fees (as in Bitcoin). Bitcoin requires $18M of net new $ flowing in to maintain the price.


-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 (e.g., MoneyGram, Cuallix, IDT, MercuryFX, ..etc)
-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).

Okay guys, let's not forgot about the best crypto there is at the moment. Stay focused.

>>6933402
>only usuable coin in currently used by 5 financial institutions at the moment
>shitcoin

I can feel your terror. Your bags will become useless soon.

XRP will kick ass. Literally the only usable coin today.

>>6814627
Reality is that your shitcoin is not ready for the world and is only used for speculation now. Merchants are dropping it and looking for alternatives.


Let's look at XRP,

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

-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.

>2018 will be about utility

I use it all the time to transfer between exchanges virtually for few. Shit is really fast, even faster and cheaper than Paypal. I hope I can use it for regular payments too.


>>6789436
I bought Sia too. OP is right, utility is king.

>banks
>MIT and Microsoft running validators
>professional company

It's obvious to anyone who isn't retarded. Normies look for security, reliability and convenience. XRP gives them all of that.

>>6723526
because we like to make money

because it will considered a currency and won't be taxed like your precious cryptos

because it's actually useful and be used in real world

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).

> sits on Federal Reserve Task Force
> sits on US Fintech Advisory Board

basically xrp will be the only currency that won't be taxed, even ripple's worst enemies say it's not a crypto.

so bitcoin will have to compete with a non taxed instant almost 0-fee coin. good luck with that.

>>6660320
they will probably adjust that soon. XRP used to be few cents weeks ago. they have no excuse. the network is cheap, there's no transaction aggregation/batching/...etc

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).

>>6159713
litecoin is copy/paste of bitcoin. no one wants to buy a cheap copy


Ripple on the other hand....

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).
.

>>6055081
>scared btrash shill

I understand your fear. Btrash's pitch is "fast and cheap". Ripple is faster, cheaper and even more decentralized.

Btrash will be $10 by EOY.

>>6038323
no, here are the selling points:

-------

-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).

>>6020637
hahaha dream on faggot

Ripple makes Bitcoin Cash obsolete. Faster and cheaper. it's game over once it gets listed on coinbase. Better unload those bags now.

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).

By the way, XRP will be added to BitOasis (arab money), Coinsquare, and Coinjar, and SBI is launching an Exchange, all within weeks.

>>5938249
poltard detected

the real oldfags here bought XRP because they see its potential and don't trade emotionally.
>>5938303
see example in OP and pic related, retard.

Have you idiots ever heard of buying the dip. This is the dip you have been waiting for. Load up on XRP now or forever regret it.

1) $100+ Million in VC funding from Google Ventures, Seagate, Core Innovation Capital, Andreessen Horowitz, IDG Capital Partners, AME Cloud Ventures, Standard Chartered, Accenture Ventures, SCB Digital Ventures, SBI Holdings.
2) 200+ employees, including former SWIFT execs
3) Offices in San Francisco, New York, London, Sydney, Mumbai, Singapore and Luxembourg
4) Sits on Federal Reserve Task Force 5/17/17
5) Sits on US Fintech Advisory Board 10/19/17
6) SEC Registered
7) ~$15 Billion in unrealized assets (~$110 Billion as of 12/31/17)
8) Q1 2017 - $6.7 million in institutional purchases of XRP
9) Q2 2017 - $21 million in institutional purchases of XRP
10) Q3 2017 - $19.6 million in institutional purchases of XRP
11) 100+ Banks testing/implementing Ripple tech as of 10/10/17
12) Confirmed real world use of XRP on 10/10/17 by Cuallix
13) Partnership with AMEX announced on 11/16/17
14) $100 million XRP denominated hedge fund announced on 11/28/17 by Michael Arrington, founder of TechCrunch.
15) 61 Bank Consortium out of Japan announce RippleNet is "Production Ready" on 12/6/17
16) 55 Billion XRP Escrow Lockup announced 12/7/17
17) 12/13/17 - Yoshita Kitao, Chairman at SBI Global Asset Management Co., Ltd., SBI Capital Management Co., Ltd., SBI Financial Services Co., Ltd. and SBI Securities Co., Ltd. tweets they are "All in on XRP".
18) 12/15/17 - 61 Japanese/South Korean banks announce Ripple trials to commence and run through 1/31/18, with intent to use XRP upon completion. .
19) 12/19/17 - Zoe Cruz, Co-president of Morgan Stanley for institutional securities and wealth management, named to Forbes "most powerful women" 2005, 2006, 2007, ranked 16th most powerful woman in the world in 2007 by Fortune.com; added to Ripple's board of directors.
20) 12/29/17 - 3 Japanese credit card companies partner with Ripple: JCB, Sumitomo Mitsui Card, and Credit Saison.