/biz/ - Business & Finance

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.

>>5717151
Ripple 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)


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
-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, with Ripple, you explicitly choose who to trust.

did you fell for the "bitcoin is decentralized" meme?

Bitcoin
-One company has more than 50% of hashpower
-One oppressive country has more than 50% of hashpower
-One company has a monopoly on creating efficient ASICs, thanks to patents


Ripple
-10s of validators from reputable non related public and private entities (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-At least 80% of validators must agree for a ledger to be validated


Performance?
Ripple can process +1500 per second. A transaction takes at most 3 seconds. Bitcoin? LMAO


Efficiency?
Ripple uses cryptographic signatures, no wasteful mining needed. The transaction cost is not paid to any party: the XRP is irrevocably destroyed. Since no new XRP can ever be created, this makes XRP more scarce and benefits all holders of XRP by making XRP more valuable. The current minimum transaction cost for a standard transaction is 0.00001 XRP.
Which one do you think businesses will choose? Oh forgot to mention, bitcoin is expecting a hardfork/softfork next year and it will probably be contentious.


So tell me anon, how much Ripple are you hodling?

Bitcoin
-One company has more than 50% of hashpower
-One oppressive country has more than 50% of hashpower
-One company has a natrualy monopoly on ASIC miners


Ripple
-10s of validators from reputable non related public and private organisations (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-At least 80% of validators must agree for a ledger to be validated


Performance?
Ripple can process +1500 per second. A transaction takes at most 3 seconds. Bitcoin? LMAO


Efficiency?
Ripple uses cryptographic signatures, not wasteful mining needed. The transaction cost is not paid to any party: the XRP is irrevocably destroyed. Since no new XRP can ever be created, this makes XRP more scarce and benefits all holders of XRP by making XRP more valuable. The current minimum transaction cost for a standard transaction is 0.00001 XRP.
Which one do you think businesses will choose? Oh forgot to mention, bitcoin is expecting a hardfork/softfork next year and it will probably be contentious. So tell me how much Ripple are you hodling?

if you are one of the retards who think Ripple is centralized and Bitcoin isn't, you should read this:

Ripple Unveils Strategy to 'Become More Decentralized than Bitcoin':
https://www.ccn.com/ripple-unveils-strategy-become-decentralized-bitcoin/

tl;dr
-Few pools will always control more than 50% of bitcoin's hashpower (right now they are controlled by bitmain)
-Ripple maintains a trusted list of validators
-80% of validators must agree for a ledger to be considered valid
-Using the list is optional.
-Ripple keeps adding more validators based on an objective criteria to guarantee performance and reduce chance of collusion
-By the end of 2018, no validators will be operated by Ripple