/biz/ - Business & Finance

>>8243277
I think of it as a debt jubilee. The western financial system has too much debt. They can't default on the debt because that would cause mass chaos, starvation etc. They can't hyperinflate it away because that would also result in mass chaos, starvation, etc. They can't announce "Hey everybody! We can't pay the debt! We're starting over with a new currency!" because that would also result in global panic selling, chaos and starvation.

So what they're doing instead, is launching the next world reserve currency as a cryptocurrency created by a little, underdog private corporation. A currency that just so happens to comply with all the financial laws and regulations. A currency which just so happens to undergo years of testing and improvement in 100 banks in different countries and continents.

There is more than $90 Trillion in central bank paper and electronic currency worldwide. When they are ready, they will pump tens of $Trillions into XRP. Ripple labs will be sitting on reserves of XRP worth tens of $Trillions, and it will function as the head central bank of the Western World. The banks and corporations will have valuable XRP that they can use to discharge their debts. The Western Financial system will be saved and can continue functioning for at least another 100 years.

Giving XRP away to the poor is not important to them. Saving the gobal financial system is important to them because it benefits everyone of all social and economic classes. They are doing everything out in the open and giving everyone an opportunity to buy while it is cheap. Many people will always be poor, even if they are given valuable things for free.

>>8106341
So there's enough of it to serve as a world reserve currency without the price per XRP being so high that plebs subconsciously think it's unaffordable.

>>8101694
They're trying to solve a $27 Trillion problem. And let's say they do solve that problem. Won't other corporations and investors hold XRP simply because there's $27 Trillion in demand for it, thereby pushing its value even higher?

>>8015325
>Denial.

Post your finest Ripple memes, shills, pasta and propaganda here.

https://docs.google.com/spreadsheets/d/1E1AcLBd_ykemoDAPwZsbl5f2wyrS7RhlAt94CrHXTAg/htmlview?pli=1#gid=1168577263

To all the no-ripplers, there's still time to load your bags with the next world reserve currency.