/biz/ - Business & Finance

is this good or bad for ripple??

>>10530042
Bad for the brainlets holding XRP

Another thing Banks control Swift it's not a independent entity.
XRP is the biggest Ponzi scheme in the history of crypto.

>>10530110
banks need xrp (which is different from ripple) to use the service look at this pic it's cheaper and faster buy buy buy now so banks can give us their fiat some day I promise it's not the other way around even though they can get free xrp (which is different from ripple) for "testing" it out

>>10530172
XRP was never designed as a store of value. More like a token for international border payments but the marketing team has convinced these brainlets here that XRP is a store of value.
The total market size of international border payments is TINY around 700 million. SWIFT controlls 90% of this market. Swift doesn't like ripple, swift is currently working with Deloitte on their own payment solution.
I am not sure why this coin is valued at 16 million usd.
It cost nothing to mine 1 XRP. no electricity nothing.
Biggest scam in the history of crypto.

Please refrain to post if you don't know how the fuck this thing works.

At the very moment someone says "scam coin" all opinions are discarded.

>>10530475
Swift moves over $5 trillion a day, which means the market Ripple is targeting dwarfs virtually everything else.

Why would you want XRP to be mined? Mining creates the 51% attack vulnerability, massively limits scalability/increases fees, and results in billions of dollars per year being sucked out of the pockets of the users in order to supposedly "secure the network." It's a complete joke all the way around.

>>10530475
Just for you.
https://fudbingo.com

>>10530540

Banks created Swift... Swift controls the international money transfer market for banks.
Swift wants nothing to do with Ripple, they are working on their own ''blockchain'' solution with Deloitte.
XRP marketing team has convinced newbies like you that XRP can be used a store of value.
Noobs are buying it because they think the price will go up when in reality. Majority of the AngloSaxon Judeo banks are building their own crypto crossborder solutions.

XRP has ignorant uninformed noobs like you convinced that banks will eventually adopt Ripple as a third party solution provider.

You got rekt....
When JP morgan announced that were going to invest in XRP, we all thought JPmorgan was planning to adapt ripple.
Instead they forked Ethereum and released their own ''solution'' called quorum for free.

Ripple is so desperate lately with hiring celebrities to try to get any type of excitement going for them

>>10530110
It's not a ponzi scheme.

It's a way ripples and some.banks found to fund themselve.

There is nothing more complicated, if Ripple is bound to succeed in the next years so is XRP.

It's an all win situation.

I'm 100% into XRP I firmly believe this shit will do wonders along with ETH.

The pedo sympathiser coin

>>10530850
Which coin has been used for human trafficking, XRP or Bitcoin?

>>10530830
It's a ponzi scheme just like majority of the cryptos..everybody is playing the greater fool theory.
Learn difference between a security and a utility token.
Buying Ripple doesn't equal ownership of Ripple. You don't get paid in dividends, do you?
It's a worthless premined vehicle for cross border payments. The price doesn't justify the market its trying to capture.
Only bitcoin and bitcoin only can represent a true store of value. It cost 5k to mine 1 bitcoin, in the near future the price of mining 1 bitcoin will grow exponetially. Estimated price for bitcoin is around 100k based on non-linear regression chart.

11000 banks own SWIFT.
You really think these banks allow
Ripple (a third party entity) that also premined and own 50% of the supply to take over Swift?
Ant financial, JP morgan, Barclays they are all filing blockchain patents.
You're all being scammed...

>>10530933
Which coin chose a pedo as a representative?

>>10530954
The coin is not sentient. A company called Ripple chose Clinton. I'm not a fan, but no matter how butthurt you get, virtually no one agrees with your opinion of him.

>>10530718
Who owns SWIFT , name the 11000 banks.
XRP is pre-mined fork from stellar lumens. Just a clone with a great scammy marketing team.

No bank will allow a third party entity like ripple who hold 50% of the supply to take over SWIFT.
Not gonna happen. XRP has absolutely no banking ties in the banking world.
The reason why noobs are buying it because they fell for the scam.

>>10530989
>virtually no one agrees with your opinion of him
found the normie!
Have fun hodling your pedo/security coin newfag

>>10531010
What do you expect them to do? Invite Richard Spencer to an event where they're trying to court banks? They chose a mainstream figure. Have fun larping about bitcoin taking over the world even though it can't handle 10 tps.

>>10531004
Now you're just trolling. Stellar was a copy/paste job of XRP, until they modified the code and it unintentionally forked. Now they have a new codebase.

Over 100 banks have already joined Ripple, and they are shooting for 1000 total over the next two years. I don't know quite what to tell you if you're blind to the progress they've made and don't realize that the ability to settle payments with XRP will be built into the platform.

>>10531064
>What do you expect them to do?
For XRP to find its true value
>Invite Richard Spencer to an event where they're trying to court banks?
still believes the XRP/banks meme
>They chose a mainstream figure.
A pedo
>Have fun larping about bitcoin taking over the world even though it can't handle 10 tps
Anon, you do know that there is more than 2 projects in this space at the moment, right?

With all the choices you have why are you delusional about XRP?

i am so glad that biz is smart enough to not fall for the ripple scam. and i urge everybody to not fomo in when it starts to rise to multiple dollar prices.
bitcoin and pow is the only way, that is what naruto uzumaki envisioned.

>>10531117
Why do you keep conflating Ripple and XRP?

The exact project I mention is irrelevant. I already know what a pizzagater on biz believes.

>>10530830
Prepare to hold until this shit goes down to $0.17

>>10531210
>Why do you keep conflating Ripple and XRP?
b/c they are linked, ppl buy XRP b/c of ripple, without ripple, XRP is just a coin....Without ripple you might as well buy doge instead of XRP...Why wouldn't i conflate them?

Again, With all the choices you have why are you delusional about XRP?

>>10531274
>b/c they are linked, ppl buy XRP b/c of ripple, without ripple, XRP is just a coin....Without ripple you might as well buy doge instead of XRP...Why wouldn't i conflate them?
I agree Ripple has a big influence, but they are still separate entities. You are changing the topic to XRP when we're talking about a conference hosted by a company that's made a major breakthrough within the last year or two.

>Again, With all the choices you have why are you delusional about XRP?
I think payments are the biggest use case for a cryptocurrency. XRP is hands down the best for that use case. Here are a few reasons:

It can handle 1500 tps with negligible fees.
Off-chain scalability is unlimited with PayChan.
There is no excessive energy consumption required to run a validator.
It is not vulnerable to a 51% attack.
There is no centralizing influence of PoW or PoS.

Xrp is crap

No one uses it for shit apart from holding it on an exchange. Literal dogshit Normy bait

>>10531617
https://www.finextra.com/pressarticle/74072/currencies-direct-completes-successful-pilot-of-xrp-for-fx-payments

>Brian Harris, Chief Product Officer at Currencies Direct, said of the move “our trial with XRP was a resounding success. We’re currently assessing our next steps, but the evidence we’ve gathered indicates that the use of XRP is a game changer, making payments near-immediate and significantly improving service to our customers.”

And they aren't the only one talking about it like this.

>but they are still separate entities
if you like XRP, as a token Doge is superior as it not a security...
>You are changing the topic to XRP when we're talking about a conference hosted by a company
Nope, you asked me why i am conflating XRP/Ripple, you literally brought it up! again more delusion from you....
>I think payments are the biggest use case for a cryptocurrency.
We all have our own opinions...
>There is no excessive energy consumption required to run a validator.
you fell for the electric use meme, think about all the energy ppl have wasted to keep the fraudulent fiat system going...i am talkin about ppls life times
>It is not vulnerable to a 51% attack.
there is a reason for this...its not really that good..
>There is no centralizing influence of PoW or PoS.
literally what? did you get that from ripple marketing?

Have fun 'investing' in things you don't understand yet, your arrogance is only going to get in the way of you learning. I do hope you understand that XRP has a possibility of being a security... you will probably argue that as you are to new/arrogant.

>>10531783
>if you like XRP, as a token Doge is superior as it not a security...
Your opinion.

>Nope, you asked me why i am conflating XRP/Ripple, you literally brought it up! again more delusion from you....
Read it again. I asked what kind of person you expected a company to bring to a conference full of bankers and you brought up XRP twice.

>We all have our own opinions...
Yep

>you fell for the electric use meme, think about all the energy ppl have wasted to keep the fraudulent fiat system going...i am talkin about ppls life times
I don't care about the energy use itself as much as the millions of dollars per day it transfers from the users to miners and electric companies.

>there is a reason for this...its not really that good..
The reason is that each node chooses the set of validators it wants to listen to. A validator can't come out of the blue to tell them there is a new longest chain of ledgers. This means you have transaction finality, which is a basic requirement of any usable payment system. PoW can't provide it.

>>10531783
>literally what? did you get that from ripple marketing?
PoW becomes more centralized over time due to economies of scale and the continual development of asics. PoS directly centralizes control of the supply of the tokens (which gives you more control of the network). Validators in XRP are not chosen based on the number of asics or tokens they have, but rather their demonstrated ability to function reliably (high uptime, stays in consensus with other validators, does not attempt to censor, etc.) This type of system naturally becomes more decentralized over time as the validators become more diverse. If any misbehave, all honest nodes will simply chose to ignore them.

>Have fun 'investing' in things you don't understand yet, your arrogance is only going to get in the way of you learning. I do hope you understand that XRP has a possibility of being a security... you will probably argue that as you are to new/arrogant.
I'm far from an expert, but I understand it well enough. I think it's unlikely to be found a security, although I'm happy to admit that some judge could make a poor decision. If it happens, Ripple will fight tooth and nail against it. Remember that they have a former SEC chair representing them, and the decision would only affect it's security status in the US.

>>10530019

why is the xrp token even needed??

>>10531004
>XLM fag

>>10532009
>Read it again. I asked what kind of person you expected a company to bring to a conference full of bankers and you brought up XRP twice.
ffs really? what is the ticker called? Oh, XRP, i searched around for the RIPPLE ticker it & it did not exist! FFS

looking @ it you called it XRP first >>10530933

FUCK OFF YOU DELUSIONAL NEWFAG!!!

literally done, night Anon can't talk to someone that nit picky/delusional/new
i truly do wish you overcome your arrogance

>>10530019
>monery transfer market is around 700 million dollars. so xrp's market cap should be lower than that
kek you absolute brainlet

>>10530783
>international monery transfer market is
>around $700 million dollars.
>stellar market cap is $4.736.153.577
how a 5 billion market cap is justified for a coin that wants to capture a 700 million market, which is mostly controlled by swift

>>10530019
>BTC is about to make a proper correct
>ETH is involved in scams and will be killed by legal disputes
>XRP is a bubble
yup, it's coming.
THE BIG ONE.
alt-coin uprising coming soon

>>10532074
it eliminates nostro/vostro accounts

which tie up trillions of dollars world wide because they have to have money in foriegn accounts just sitting around indefinatly

OP is butthurt because xrp>xlm in every aspect

>>10530950
https://fudbingo.com/
I think you got a bingo in one post. Well done!

ripple is going to be remembered as one of the great failures of this first wave of "blockchain", as it becomes apparent that centralized blockchains serve fundamentally no value to those that are looking for private ones

>>10533083
xrp is decentralized
>still parroting the same 2016 fud

>>10532193
>literally done.

Child detected. You sound like a 10 year old dying on fortnight. Please die IRL

>>10531132
the real kek is XRP price will rise bc of xrapid volume not retail speculators. the real decoupling