/biz/ - Business & Finance

It make sense, i will use my gains on this to buy btc tho

$140 eoy

what makes it centralized garbage?

>>10584445
The fact that it's centralized. Typeiclly that's not a good thing but thanks to its centralization XRP has fast transactions and a high TPS.

>>10583916
Normies look at the price and see how "cheap it is."
I've had family members tell me this can go to Bitcoin prices.
If crypto doesn't take a shit in the next 3 years, I see this easily going to $10 from mere normie mentality.

>>10584571

>Normies look at the price and see how "cheap it is."
>I've had family members tell me this can go to Bitcoin prices.

Do people like this actually exist? You sure they weren't just trolling? How is it even possible to be that stupid?

>>10583916
You should be more interested in the xrapid trials and sbi, thats why this is still #3 with 100 million plus in volume a day. Not cause its "cheap"

people still calling this centralised...

do some research

it's already less centralised than bitcoin and will be even more so soon

>>10584590
He's right people like this exist. When DOGE became tradeable on Robinhood people in the chat were talking about how it was going to crazy prices like a dollar for example. Hell I was talking to my grandpa today about stocks and he loves penny stocks for some reason. Humans just find cheap things appealing. Also most people don't understand you can buy less than one coin so they think it's impossible to buy one bitcoin but 50 XRP is doable.

>>10584600
Im sure it has good usecases too but it being cheap has a psychological influence.

>>10584642
Do you have any proof that I can look at, I always thought it was centralised

>>10584590

they dont understand maths or economics

>>10584537
Can you be more specific? The operation of the ledger itself seems decentralized to me.

>>10584650
Theres plenty of cheap shit in this market, none of them have this much volume a day, especially when the bubble has popped and supposebly everything must drop to zero now cause some boomer said so

The fact that /biz/ has collectively opposed XRP, even before the December bull run, says all you need to know. ALWAYS do the opposite of what /biz/ does or claims to do.

>>10584694
Im not saying ripple is useless you nigger I'm just saying that normies love things that are cheap

>>10584600
Have you even done any reading on xrp??? You do realise the token has literally nothing to do with ripple and the system they are preparing for “banks”. It’s all just a massive shill, making people think they’re buying into something which is actually nothing.
Jesus please read up about it, for your own sake.

>>10584664

5. Is the XRP Ledger centralized?
This is a top misconception with the XRP Ledger. Centralization implies that a single entity controls the Ledger. While Ripple contributes to the open-source code of the XRP Ledger, we don’t own, control, or administer the XRP Ledger. The XRP Ledger is decentralized. If Ripple ceased to exist, the XRP Ledger would continue to exist.

Ripple has an interest in supporting the XRP Ledger for several reasons, including contributing to the longer-term strategy to encourage the use of XRP as a liquidity tool for financial institutions. Decentralization of the XRP Ledger is an ongoing process that started right at its inception. In May 2017, we publicly shared our decentralization strategy.

First, we announced plans to continue to diversify validators on the XRP Ledger, which we expanded to 55 validator nodes in July 2017. We also shared plans to add attested validators to Unique Node Lists (UNLs), and announced over the course of 2017 and 2018, for every two attested third-party validating nodes that meet the objective criteria mentioned above, we will remove one validating node operated by Ripple, until no entity operates a majority of trusted nodes on the XRP Ledger.

We believe these efforts will increase the XRP Ledger’s enterprise-grade resiliency and robustness, leading to XRP’s continued adoption as the best digital asset for payments.

DIRECTLY FROM RIPPLE'S WEBSITE... NOT HARD TO FIND

>>10584735

Bullshit...

Adoption will drive volume which will increase price.

Don't invest and stay poor

>>10584735
XRP is still their priority. They are building Ripplenet because a modern payment system is needed before XRP can be positioned as the settlement asset. Imagine trying to create Twitter or Facebook before the internet existed. Ripple is doing the dirty work because Swift is too retarded to fix their shit after 40 years.

>>10584812
Did you just completely ignore what I said? There’s no doubt you could make money off this but the whole way it’s marketed is to make stupid people ie. you, fall for it. You say bullshit, just a quick google will show that what I said is correct.
If you want me to explain just ask.

Ciao xoxox

>>10584990
I've done some research and I think you're right about XRP not really being used for anything. What was supposed to be its main purpous? Is it just a fast transaction coin?

>>10584990
if you're not loading on xrp before the august alt run you do not deserve to breath, it's the easiest hold to make money on market cycles retard

>>10584445
61% of the supply is controlled by ripple.

>>10584680
ripple holds the entire supply.
besides that i'm not sure i never bothered looking past that.
there might be a difference between ripples nodes and "validator" nodes. i think ripple is completely in control of updating the protocol with no 3rd party input

>>10585208
>61%
you mean 95%?

>>10585071
It’s all about the ripple network, and their data/payment solution for banks for fast transaction at a discounted rate. This is pretty much like that guy said because swift haven’t released theirs YET(it’s confirmed).
Xrp is just their own currency which runs on that network, an unstable one at that. It’s like having an account with money you prepaid onto a card which you might be able to use if the system ever goes live. Also providing that the money you initially put in is worth anything anymore.
You could make money from this and no doubt people have and will, but... the marketing is way off and people don’t understand what they’re actually buying into.

>>10585208
What is the problem with this

>>10584664
>thanks to its centralization XRP has fast transactions and a high TPS.
it has fast transactions because of its superior tech

From the XRP deposit page on Poloniex:

"IMPORTANT: The first time you deposit to a Ripple deposit address, 20 XRP will be held there in order to reserve the address. This is because the Ripple network requires a minimum of 20 XRP to be in any active address.

"coinbase will supply everyone with free 20 xrp before they launch"

>>10585323
for this reason XRP will never be adopted. poor countries / poor people will never afford adoption.

>>10585323
I don't really understand what you mean by this, that 20 XRP comes out of the users pocket

>>10585284
>What is the problem with this
nothing, move along

>>10585341
have you ever tried to use a XRP wallet before? LUL this is a given. people shill XRP w/o ever taking it off an exchange.

>>10585341
It mean you buy 20xrp and you get 0

>>10585340
This is a good point, at current prices pajeet literally does not have the money to buy 20 whole XRP

>>10585361
Yeah but the 20 XRP was worth like 5 fucking cents so I literally did not even think about it until just now

>>10585225
They hold 61% of the supply with 88% of that locked in escrow.

Right now there are 21 validators on Ripple's recommended list with 12 of those run by Ripple themselves. It takes 80% support to enable an amendment, so it would require the support of at least 5 non-Ripple validators to update the protocol.

>>10583916
>literally talking about the only thing in crypto that will be around in 10 years
>have to dress up your post and make clear how much you hate Ripple so you don’t get jumped by neckbeards because muh sen-trawl-eyes-ayy-shun
Crypto is a fucking joke, both the current state of it, and the communities that invest in it.

>>10585486
Who holds the other 39%?
Oh and I chuckled at the "they took 88% of that 61% and just put it in another wallet that we promised no one will touch"

>>10585323
This is why you avoid Poloniex. It's completely unnecessary for them to make every user activate a new wallet with the 20 XRP minimum. It would be easy for them to use destination tags like other competent exchanges, but they prefer to screw everyone instead.

>>10585502
>jumping to a conclusion
>expecting to be sponfeed
do your research, we are not giving you free money

>>10585071
>I've done some research...
>What was suppose to be it's main purpose?
So you did no research then?

I'll simplify as best I can how XRP is used by RIPPLE the company. YOU personally can use XRP for whatever the fuck you want. Market making, settlement currency on an exchange, transferring funds between exchanges.

Ripple the company uses it as a utility token for one piece of remittance software they developed: xRapid. xRapid's aim is to facilitate the cross-border, international transmittance of money in minutes and at the cost of pennies. How does xRapid specifically do this and why does it need XRP? I'll use a simple scenario as an example

Client A in the USA wants to send 1 million USD to Client B in Nigeria. On the xRapid system it goes a bit like this:
- Both clients are using the xRapid system
- xRapid sources the equivalent of $1MM USD in XRP from an exchange. The price of XRP at this point is irrelevant. It's $1MM worth of XRP, not 1MM XRP
- xRapid transfers that XRP over to Nigeria and sells it on an exchange there for $1MM USD
- NOTE* This part of the process takes 3-4 seconds. Not minutes, or hours, 3-4 seconds.
- xRapid then settles then $1MM USD in the client accounts

So this whole process takes 2-3 minutes, the XRP leg of the transaction takes only a few seconds.
The expectation of a rise in XRP prices over the next few years DOES NOT stem from the belief that financial institutions are going to personally buy XRP and hold it to physically send it round themselves. It's imperative people begin to understand this key fact.

The increased price of XRP will be a natural result of the increase in VOLUME and DEMAND for XRP on the open market as xRapid is adopted. It is a natural market function that as the demand for a fixed supply or something increases so does it's price. And that is what RIPPLE the company is doing now. They're establishing clients for xRapid, payment rails and sources of liquidity that xRapid can use when in full use

>>10585530
>free money
lmao, I rather not get dumped on by Ripple CEOs because of a failed ICO.
No thanks

>>10585274
100% wrong. You also don't understand how XRP is used.

>>10585502
Users, exchanges, etc.

You don't have to trust them on the XRP in escrow. They don't have a way to release it early. The code enforcing this is open source and run by over 800 nodes.

>>10585538
>not knowing about cryptographic escrows
>not knowing about supply distribution
>not knowing anything about xrp's tech
>expecting 4chan to explain cryptocurrencies from 0
you probably barely know about how to create a wallet

>>10585533
Just a quick question, do you have a constant stream of spit rolling over your bottom lip, you know what I mean, like you’re constantly dribbling?

>>10585590

I saved this from earlier in the year to help some of the brainlets who don't understand the relationship between volume, liquidity, market cap and how it affects a bridge currency like xRapid. Also helps to dismiss the market cap fallacy in cyrpto.

If xRapid starts to tap into the international remittance market, a multi-trillion dollar a day market...

>>10585617
Any Idea how much moenyhow much money is sent internationally per day?

>>10585691
>I've done some research
>spoon fed me

>>10585691
trillions and trillions and trillions

>>10585691
multiple trillions per day

>>10585756
I said some in relation to XRP not having a particular use case besides liquidity. I've also tried looking up "how much money is sent internationally per day?" and all I found was articles about Mexicans.

>>10585815
https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf

>>10585815
http://www.lmfgtfy.com/?q=xrp+network+transaction+volume

The Bill Clinton thing really makes me think they are planning to make this the world reserve currency after the upcoming dollar collapse

>>10586105
Do yourself a favor and stop thinking.

Bill Clinton is a whore who will speak at anything for enough money.

>>10584711
Thanks, just bought 100k treasuries

>>10585341

it's the activation fee for a wallet. You only need to pay that once if you reuse the same wallet.

XRP works fine in a currency conversion role, but it will never moon to 50$ or whatever cause the supply is just too large and the company owns most of it and who knows when they are going to dump all of it.

>>10583916
#1 coin EOY

>>10586470
Question, how is XRP able to have 3 second transactions 1500+ TPS and low fees while claiming to be decentralized?

>>10586620
The nodes are run by professional organizations, not rice niggers in tin sheds in the mountain side of butt-fuck china and it's not PoW.

>>10586653
So the people who run XRP give out nodes to professional organizations and not rice niggers so over time the system will become decentralized while also remaining fast. That seems decentralized enough to where it would make a secure network IMO.

>>10586692
Exactly. The idea is that Ripple will no longer run any nodes at all. When nodes get added to the network, Ripple deactivate theirs. Right now active nodes are run by the likes of Microsoft, MIT, CGI, Worldlink and various ISPs around the world (Japan, Sweden, Australia etc).

While PoW becomes increasingly centralized like BTC and Bcash are, XRP goes the other direction.

>>10586653
Rice niggers. I like that.

>>10583916
Coinbase Custody looking to add these:

The thing you guys don’t understand about business is the political aspect. Ripple is a direct competitor to SWIFT. Now 11k banks currently trust SWIFT, Ripple needs to get these banks to start trusting their system and to adopt this crazy new software company. Which by itself is a miracle. This would take many, many years for all banks to adopt this system. Or use SWIFT’s upgraded platform. Trusted company like SWIFT vs a >5 year old company.
Let’s look at the opposite scenario. XRapid is the new thing, looks amazing, seems awesome. SWIFT forces a 10 year contract on banks to immediately use them or have funds completely shut down the SWIFT messaging system on the next business day. This would then give SWIFT the opportunity to buy out Ripple.
This isn’t selling the new “iPhone”. This is shaping a new financial system. Ripple is too new for any established bank to use it. Third world is a better shot, but third world banks would have to rely on first worlds to use xRapid. Again, it’s not happening. It is possible that Swift reimplements a Ripple like solution, but using XRP, forget it. Might as well digitize currency.

>>10585557
theres only 21 validating nodes that actually matter, the rest are just observing the network and would simply split off to their own hardfork if they disagree with 80% of validators.
out of those 21 nodes, ripple controls 14 (iirc). but this is deceptive, since ripple (the company) is actually the only one with the write access to ripple (the currency) github rep, and the trusted validators are basically hard-codded into the software, i.e. ripple chooses whos allowed to be validators (permissioned network). its theoretically possible to change your own list of trusted validators, but nobody actually does this.
so ripple can just change the trusted validator list anytime they want, make themselves control all 21 nodes and just release their "escrowed" funds (its not really an escrow if youre the one holding the funds).
btw, did they find the thousands of missing blocks in their "blockchain" or is the network still blindly trusting ripple with what happened between them?

>>10586959
>SWIFT forces a 10 year contract on banks to immediately use them or have funds completely shut down the SWIFT messaging system on the next business day.
you should stop watching movies. this isnt possible and would never happen. even if swift would try doing anything remotely similar, it would only push all of the banks to another system (for example the shit ripple is offering) basically over night.

>>10586470
I believe that in this picture is missing stellar. which is very similar to xrp apart that they bump the coins in existence by 2% every year or something like that

>>10586959
>SWIFT forces a 10 year contract on banks to immediately use them or have funds completely shut down the SWIFT messaging system on the next business day.
What the fuck are you even talking about. You think SWIFT will give ultimatums to the most power financial institutions in the world? That's not just stupid, it's suicide.

>Ripple is too new for any established bank to use it.
SBI group already are and Ripple is already 7 years ahead of swift in this regard.

Evidently you don't really understand what you're talking about and pulled some hyperbolic shit right out of your ass here.
> SWIFT forces a 10 year contract on banks to immediately use them or have funds completely shut down t
Dumbest thing posted on this board this year. Good effort.

>>10586959
it will only take 1 or two major banks to start using xrapid and start saving crazy amount of money and the rest will follow. its the domino effect

https://blog.bitmex.com/the-ripple-story/

I have the same thoughts OP. Also consider bagging up all the hyped coins that had the strongest fanbase during this bear market. Whether you like them or hate them it doesn't matter, they're the ones which will be pumped hard next alt season and you don't even need any insider knowledge to know. It's basic common sense and you most definitely hate money if you aren't buying them soon. XRP, BCH & EOS are the obvious ones...

yep you don't hold any XRP probably because you were negatively influenced by FUD
(yes in the old days BTC fags paid for XRP/Ripple fud)

DYOR or stay poor

CEO promised xRapid in production in banks by EOY.

you know with all the developments and partnerships of Ripple one can say that they are seriously working on to their vision. I'm certain that the price will further go up in the future because of this. One of the guys from Ripple labs, Ryan Terriblini is a CoFounder of a blockchain-based commercial bank in Taiwan - they might team up soon, perhaps.

XRP is centralized garbage, will dump to nothing when it is labelled a security by SEC. There is a large amount of evidence for this. First of all, it is described in entirety by the Howey Test:
1 It is an investment of money (yes)
2 There is an expectation of profits (yes)
3 The investment is in a common enterprise (yes, XRP is distributed by Ripple and Ripple only, Ripple uses profits from the sale of their magic money to improve Ripple)
4 Any profit comes from the efforts of a promoter or third party (Yes, XRP is advertised by Ripple and as previously stated is centrally controlled by it)
I would suggest reading Coffey vs Ripple Labs for more info (Also the SEC chairman stated that they won't be changing the definition of a security), but another nice piece of evidence is there: THREE lawsuits against them claiming XRP to be a security. None have been thrown out of court even after 6+ months.
Third piece of evidence is the chairman of SEC stating that crypto such as bitcoin and ether (sufficiently decentralized) aren't securities, but some ICOs are. Funny how they omitted the third largest 'crypto' XRP. When this gets labelled a security and dumps to fucking nothing I will have no empathy for you dumb cunts that can't see this because you deserve to lose your money.

>>10587710
stop spreading bullshit info, got eny proof for muh centralized fud?

Ripple controls only 58% of validators, you need 80% to control anything.

There are thousands of validators now.

It was declared a currency therefore can't be a security.

There are numerous articles explaining why XRP is not a security.

>>10587710
These XRP fags think there is NO possibility of XRP being a security. As in zero...The issue is 'of sole benefit' Ripple has 'sole benefit' as all the tokens realised come through them.
Hearing for one of the case starts tomorrow. So we wont have to much longer.
>>10587760
>It was declared a currency therefore can't be a security.
Using expired documents as evidence

>>10587710
Retard, by your definition of a security, a 10 years-old girl selling lemonade drinks in front of her house would be illegally selling securities, holy shit how stupid can one human being be

>>10587760
>eny proof for much centralized fud
Of course I have evidence for XRP centralization. Read BitMex's 'The Ripple Story'
"The node operated by downloading a list of five public keys from the server v1.ripple.com, as the screenshot below shows. All five keys are assigned to Ripple.com. The software indicates that four of the five keys are required to support a proposal in order for it to be accepted. Since the keys were all downloaded from the Ripple.com server, Ripple is essentially in complete control of moving the ledger forward, so one could say that the system is centralised."
So there is irrefutable evidence of it being centralized as the servers NEED public keys off Ripple servers to run.
>Ripple controls only 58% of validators, you need 80% to control anything.
I never mentioned validators, I don't know why you did. It's completely irrelevant.
>Declared a currency therefore not a security
FinCEN declared XRP a currency way before the security debate began. That makes the distinction of XRP as currency over security invalid as whether or not it was a security or not was never likely considered. All articles that you read on your reddit circlejerk that say 'XRP declared currency by FinCEN' are actually referring to a fine Ripple paid back in 2015 in which FinCEN loosely stated 'Ripple may continue the sale of its XRP currency'. Not very relevant.
>There are numerous articles...
It's fucking ridiculous how in the same post you said 'much centralized fud' and 'numerous articles explaining'. I'm sure your articles are correct and mine FUD right? Doublethink and delusion.
>>10588034
I'm not sure if I should humor this because it sounds so stupid it has to be bait.

>>10588286
>FinCEN declared XRP
Anon, that FinCEN doc expired this year...Any one using that a 100% fact can't use a calendar. I do agree with the assessment of lack of knowledge on behalf of the FinCEN...

>>10586969
All nodes are validating all transactions. They will not accept invalid transactions (such as releasing funds from escrow early) even if all 21 validators on Ripple's recommended list attempt to do this. In that case, it is actually Ripple (who controls 12) and the other of the 21 validators who would fork themselves off the network. It would require manual intervention from the other nodes to change their UNL to remove the malicious validators. But once they did, they could continue on as usual. Of course, this is all hypothetical because Ripple would never attempt this in a million years.

Yes, Ripple controls their own github repo, but anyone is free to copy it and make any change they want. Anyone is also free to propose amendments to the network that will be voted on. BTW, despite having many contributors, only 28 people are processing pull requests right now for Bitcoin.

Almost no one changes the default UNL because it's not necessary. What benefit is there to doing so? If we all want to transact with each other, we should want as much overlap as possible on our UNL's. The purpose of changing is to deal with malicious or poor performing validators. It is not permissioned just because the default and recommended list is working perfectly well. Users can stop listening to Ripple whenever they want. Ripple has no actual authority.

The missing ledger headers are irrelevant. All history is known from the moment XRP was released to the public. What exactly do you think happened in the missing ledgers? It had not been released yet, so the creators were free to do anything they wanted. And keeping history is not necessary since each ledger contains a full set of accounts and balances.

>>10588411
I am worried about the state of the market after XRP drops to nothing. Would non-ico blockchains take the lead? Would the entire market collapse after billions are lost and it is shilled by the media as being a evidence of crypto being a shit investment? Everything seems risky at the moment.
Still doesn't change the fact that anybody who invests in XRP aka Ripple Ltd are mongoloids, it's just basic risk vs reward.

>>10587049
This article is poorly researched and incredibly misleading.

>>10588478
Thanks I guess I'll just take your word for it. You seem like an unbaised source of information. Enjoying this weeks dump?

>>10588286
This is inaccurate and outdated. Validators are needed to order transactions. They can never have "complete control of the ledger moving forward". See below if you want the current state of Ripple's recommended validator list. It no longer consists of the 5 you are referring to.

https://minivalist.cinn.app/

>>10588529
I went to the website and it says 57% ripple dominance lmao.

>>10588472
>just basic risk vs reward.
It seams crazy to hodl a coin that has the potential to drop like crazy if the case goes south. They are literally holding on to risk, the price is not going to rise until the case(s) have a resolution. they should just buy back in if ripple win ffs...
How can you take someone seriously that doesn't even take basic shit like that into consideration. The XRP hodler is the most arrogant about their own ignorance in all of crypto ATM..
Best of luck Anon, fudding this coin is one of my hobbies.

>>10588548
Good luck to you too mate

>>10588542
That number will continue to drop throughout the year. Even when it was 100% dominance, Ripple did not have the ability to double spend. The worst they could do was cause a temporary outage, which is directly against their economic interest.

>>10585373
Is Pajeet really that poor? XRP is only worth like 40 cents!

>>10588572
Yeah, It's against their interest kinda like how it's against any companys interest for their securities to lose price as investors will no longer have incentive to buy their securities. It's actually amazing how you can just prove my point like that!
Also, when it was at 100% Ripple froze some poor cunts account.

>>10588606
You don't believe in economic incentives? PoW breaks down without it. That's what is supposed to keep miners in line.

Ripple didn't freeze anyone's account. Bitstamp froze a USD obligation that they issued because there was a legal dispute about its ownership. Only IOU's can be frozen and only by their issuer. XRP is the native asset on the ledger and has no counterparty, so it can't be frozen.

>>10588286
Bitmex Research into the trash it goes.

>>10588635
Not sure when I said I didn't believe in economic incentives. My post just states that it is ironic that you support Ripple's never ending ICO model (btw, almost all Ripple's revenue comes from here) but claim it not to be a security.
So Ripple didn't freeze any account, but someone else did instead?
>>10588650
Ripple holder into the trash it goes.

>>10585340
True, but Ripple has been built to be the blockchain solutions company for large international financial institutions and enterprise. XRP is literally just a tool for them to transfer money, it is not a store of value. Poor countries and people are not part of the equation here.

>>10588717
It's funny to think that some people believe that a currency designed and controlled by a US private company will become a global currency. Diversity of thought I guess.

>>10588733
kys

>>10588635

https://ripple.com/files/GB-2014-02.pdf

XRP from by gateways and these include many exchanges like Bitstamp, Kraken, etc can be frozen at any time. You can only move the XRP back to them.

> Ripple Labs is extending the Ripple protocol to enable support for both physicallike and
electroniclike currencies. This will allow gateways additional feature flexibility and in some
cases enable compliance with local laws.

> The freeze protocol extension gives gateways the ability to 1) globally freeze all their issued
funds, or 2) freeze funds issued to a particular user. Frozen funds may only be sent back to
the gateway who issued them

>>10588733
I honestly think the XRP holders are the same people holding Tron. Muh internet 4.0

>>10588733
>a currency designed and controlled by a US private company will become a global currency
doesn't know about the US Dollar

>>10588764
XRP can't be frozen even Roger Ver apologized for spreading this FUD on twitter, KYS.

>>10588780
I didn't know the US was a private company lol

>>10588787
>I didn't know the US was a private company lol
it is & so is the FED

XRP is not a security and won't be declared one
XRP can't be frozen by anyone (any digital asset on exchange can be freezed by the exchange, it's not your WALLET)
XRP is now more decentralized than BTC
XRP is currently the best tech in crypto with best prospects for real world usage

DYOR and don't listen to faggots spreading 2017 level FUD.

>>10588838
XRP is a security and will be declared one.
XRP can be frozen and has in the past.
XRP is not more decentralized than BTC.
XRP is not the best tech in crypto

DYOR and make your own conclusions. 'Doing your own research' whilst not listening to one side of the argument maybe isn't the best method of doing research.

>>10588892
Kys, Jed.

It won't.
It can't by them.
It already is
It is, and you know it. Name one better

/thread

>>10588892
Snapped this gem for EOY. Thanks.

>>10588892
>>10588920
>>10588931
haha stay poor retards holding your useless obsolete shitcoins

>>10588920
Well we can just wait and see can't we!

I think that any crypto which is not centrally controlled is better, so thats most utxo's such as bitcoin, litecoin, monero, digibyte, dogecoin etc etc because they don't have a chance of FUCKING EVAPORATING OVERNIGHT

>>10588892
>XRP can be frozen and has in the past.

he can't even Internet

https://unhashed.com/cryptocurrency-news/can-xrp-be-frozen-ripples-cto-corrects-roger-ver/

The level of stupidity on /biz/ these days it's really pathetic.

>>10588931
Snap this gem too, XRP < $0.4 USD EOY (2018).

>>10588982
I can cite sources saying the opposite too

https://news.bitcoin.com/ripple-gateways-can-freeze-users-funds-time/

>>10589001
fuck off retard you can't grasp what gateway is

I was watching this chart yesterday for 5 hours straight, some sneaky whale is dumping millions for hours straight in small amounts. Holy fuck this pissed me off. /blog

Freeze a dick

>>10589027
A gateway is a buzzword for an intermediary that handles the sale of Ripple's XRP securities from Ripple to the hipster, like a pyramid scheme. Am I wrong? It's sort of like an exchange, but it's from a single seller.

>>10589097

yep exchange can freeze funds residing on the exchange as with any other coins

and you still claim XRP can be frozen

are you that brain damaged?

To the guy fudding dyor you fucking rice nigger you constantly sprout shit and can't back anything up. Go back to your bitconnect you pajeet

>>10589124
So XRP chooses who it sells its securities to.
These entities, 'gateways', are controlled by a company.
So such companys could choose to stop the sale of XRP, thus 'freezing' the XRP it holds.
Do you understand?

>>10589164
yes you fucking mongoloid exchange can stop selling or can freeze XRP that reside on the exchange

>>10589186
So you agree?

>>10589164
obvious troll, IGNORE

>>10589201
Not obvious enough for you to reply over 5 times lmao fucking dumbass

There is already a large number of xrp in the ecosystem any exchange can freeze any coin. Binance does this regularly when they go offline. Your seriously retarded SFYL.

>>10589124

> Frozen funds may only be sent back to
the gateway who issued them.

https://ripple.com/files/GB-2014-02.pdf

Gateways and some of them are exchanges can freeze XRP issued by them. Even if the balance is in your XRP account, the only option you would have is to send it back to the gateway and meet their compliance requirements, etc.

Also, accounts created by gateways themselves can be frozen. Some places allow you to create accounts and export the private keys. Those accounts themselves can be frozen.

Everyone in here is holding bags and bought XRP at $2.00+ lolllll. It will never break $2.00 again. It also won’t ever be on coinbase. Soz

>>10589213
Check the XRP price. Lmao. Apparently I'm the retarded one.

>>10589201
>>10589200
>>10589212
>>10589213
>>10589234

Let's just pretend and agree on the freeze FUD.

These rice niggers obviously do not want to like XRP, just let them miss out on the long-term gains this coin will provide.

Thanks for the free publicity, NIGGERS.

Buying XRP has the same logic as buying Ugandan shillings and thinking one day, when they're not a 3rd world country, it'll be worth something.

>>10589247
Long term gains = It's doing shit right now but it will go up in the future i swear

reminder that fudsters get paid by post and by reply

>>10588892

>>10589257
it's not security now but it will be declared as one in future I swear

KYS

>>10589273
This is pathetic. I wonder who is behind (((this)))

>>10589331
bitcoin maximalists hahah

pajeets are getting desparate these days

>>10589273
Hey I made it into that! sweet, FYI I am not paid, promise! Are you the one that accused me of LARPing as a banker?

>>10589247

The only reason XRP mooned to $4.00 levels is Koreans went fucking crazy for this shit. And billions of XRP was dumped on them. They no longer buy this shit. You'll notice the volume for XRP is dead. Most of the volume was coming from Korea. The Koreans are not coming back. But be an idiot and keep thinking this shit is going to moon.

>>10583916
>Now I'm no XRP shill
yes, you are, kek

>>10589367
While this may be true, this in no way indicates or proves Ripple nor XRP is a scam in any way.

Chinks made bad investment - that is all.

xRapid promised by CEO in production in banks by EOY
not a security

$5 EOY

>>10589382

It's a scam because it's a marketing scheme that makes people believe that banks are using it or will be using it.

But no fucking banks use this shit. Banks have repeatedly stated that they can't use this shit. 4-5 bankers in the Ripple Swell Conference itself last year stated they can't use it. Fuck, even if they wanted to, there is no fucking volume anywhere in the world to use it. There is no demand, no volume, no liquidity for this garbage.

>>10589416
xRapid is already being used in remittance companies in production KYS

How are SBI using it and planing to use it in the future in public documents dumb sand nigger bet you think btc is going to take over to world don't worry you have to wait 2 hours to transfer top kek

>>10589427

xRapid is used by XD

> Cuallix

> ZipRemit

Two startup dogshit companies probably funded by Ripple to say that somebody is using XRP. These are absolute dogshit companies. Look up Cuallix address in Mexico. It's some back alley door behind a pharmacy.

No financial companies are using XRP except dogshit like that. It's a marketing scheme

>>10589416
this, another example, look at what systems the swedish banks and associated banking ledger technologies are using, it's not fucking xrp or any other "open source" chain, kek

>>10589492
pulling info out of his ass again

get lost pajeet

>>10589492
this, and very accurately

>>10583916
i like xrp because it gives the jews something to shill to norman "muh banks" before they pump link to to high heavens at the end of the year

ripple partnerships here
http://rppl.info/

nice paid fud campain

not a single source on anything provided all made up bullshit

>>10589527
kek, what's the first keking thing you hear on episodes of shark tank where the investor likes the idea? "I can do this myself..." Essentially the true crypto adaptation will occur entirely in private sector areas and also will entirely be built and sold by private sector companies.. meanwhile all of you keking keks think you are making some huge future wave in currency and economics, you are absolutely right but just in the absolutely wrong ways. Do you honestly think these Keks and wealthy keks would actually try to simply participate and truthfully integrate in a free open source group of techologies like this and not take it over for themselves? Once they have their fun and make their profits pumping and dumping this goldrush wild west of a market, they will then finally implement their own private chains and consensus methods leaving you all in the dust. And I'm not talking wealthy like your rich uncle wealthy, the people doing this have wealth you could never imagine, kek

>>10589528
>ripple partnerships here
>http://rppl.info/

Thanks for the link. This exactly proves my point. Go to the Columns:

> Testing Xrapid

and

> Using Xrapid

Only two dogshit companies are using xRapid: Cuallix and ZipRemit. They are likely startups propped by Ripple and do nothing.

You'll notice a lot of banks to pilot xRapid tests since 2016 but nobody uses xRapid thus XRP.

>>10589579
this

>>10589595

I wonder who is (((behind this post)))

Sorry Jew, you aren't getting my XRP.

>>10589579
I understand your point, but I don't understand why you don't give Ripple some time ? It's one of the very few crypto projects actually having a working serious product. They were always clear about the gradual stepping up in their business model (adoption of xRapid being only an optional last step)

Take a look at SBI Japan's largest bank consortium recent report on what they want to do with xrp //

reminder to look back at pic related
>>10589273
ignore the fudsters that provide no source of their claims, the fudsters are changing their aproach and using vpns to look like they are more than what they are
ignore claims like
>They are likely startups propped by Ripple and do nothing.
if you use google you can easily see the falsehood of these statements.
xrp funds can't be frozen, holding xrp is like holding bitcoin, nobody can touch your wallet
only issued currencies from gateways can be frozen, like gatehub's gold, bitcoin, ethereum etc

remember to visit https://fudbingo.com/

Paid pajeet rice niggas with an agenda

Notice the FUD stopped after their work day has stopped.

Most obvious paid FUD I've ever seen

>>10590694
LMFAOOOO

Damn you are right. How interesting is this

>>10586896
Man, the coinbase owners are in the camp that accuses anyone who likes XRP of being bootlickers. If XRP actually made their list then there must be something to it.

>>10589234
No one issues XRP on the ledger. XRP cannot be frozen on ledger. Exchanges can freeze funds off ledger for every single cryptocurrency. What about this is so hard to understand?

>>10589164
Ripple sells XRP through its registered MSB called XRP II. This entity is not a gateway. Gateways are issuing IOU's (aka anything other than XRP) on the ledger. Make sense?

>>10590694

Pointless commenting because Ripple shills have no answers for this:

>http://rppl.info/

Go to the Columns:

> Testing Xrapid
> Using Xrapid

> You'll notice a lot of banks to pilot xRapid tests since 2016 but nobody uses xRapid thus XRP.
> Only two dogshit companies are using xRapid: Cuallix and ZipRemit.

NOBODY is using XRP. It's a marketing scheme. Also, Koreans took it to $4.00 range. Korean volume is dead. They are not falling for this shit again since BILLIONS of XRP was dumped on them.

https://steemit.com/kr/@koreancrypter/4pgssf

Good luck thinking this will pump to $4.00 again.

>>10591127
xRapid did not exist in 2016. It is not fully released yet, so clearly no one is using it in production. Many have stated they are going to do so.

>>10591127
>Only two dogshit companies are using xRapid
From no one using it to two dogshit using it.
lol keep trying

https://ripple.com/solutions/source-liquidity/
xrapid is in "beta"
if a company doesnt fully adopt it for every day transactions then they are only "testing it"
>Using Xrapid
using xrapid means they use it for most of their transactions if not all
there is not enough liquidity and gateways/exchanges from fiat to crypto around the world for companies with massive volume to go live with xrapid
the market needs to mature more.
anyways, ripple has more adoption and use than any other cryptocurrency in the market
everybody uses xrp, source:
https://bitinfocharts.com/comparison/transactions-btc-eth-ltc-xrp.html#6m

>>10591165

Ripple banks doing pilots since 2016 and will be using XRP but here we are in 2018 and nothing. Even earlier this year, they claimed lots of banks and money transfer companies doing pilots and would be moving to production in Q2 - so far NOTHING!

https://ripple.com/insights/q1-2018-xrp-markets-report/

Lets hear it directly from the bankers at Ripple's Swell Conference then:

Bankers on the panel: Info about the panel @ 4:57

> Paula Da Silva - Head of Transaction SEB (2nd largest bank in Sweden)
> Hirofumi Aihara - The Bank of Tokyo (Japan)
> Darmesh Desai - Yes Bank (India)
> Richard Dell- Banco Santander (Largest Spanish Bank, operations all over the world)

https://www.youtube.com/watch?v=9acCnUSLW7Q#t=31m28s

> There is no demand for XRP

> We cannot use XRP (because of regulations, cross border regulations, lack of demand (liquidity))

Every single banker says there is no interest in XRP, they cannot use XRP and they will not be using XRP

>>10591292
Assface.... why should any bank use another digital asset when they cry because of xrp?

Dont tell any fairytales motherfucker

>>10591292
Those banks are not currently the target for xRapid. Ripple is going after remittance companies into exotic corridors where XRP is cheaper. Eventually it will expand, and banks can join in when there is regulatory clarity and more liquidity.

I don't have time to give you a source, but you should look into SBI and their intentions for XRP. This is likely what Brad Garlinghouse was referring to when he guaranteed a bank will use xRapid by the end of the year.

if anything, that swell conference proved that ripple has a bright future,
they admit having problems with payments and 8 to 14 days for settlement @7.50

>>10591321

Some of you who fell for the Ripple marketing are getting real mad but should be thankful because I am presenting research you should have done.

>>10591414

Someone with more sense and are admitting XRP is not being used. But also still failing to understand that Ripple shifted its strategy to money remittance companies since it became clear Banks would never use XRP.

From Joel Katz himself:

> xRapid is our first product that settles with XRP and it's not aimed at banks

https://twitter.com/JoelKatz/status/977752182198910976

> We felt the best first target was the kind of low-value, high-volume remittance-like payments we could get at companies like our xRapid partners.

https://twitter.com/JoelKatz/status/977749802829062144

But the thing is Ripple just has become desperate for anyone or anything to buy XRP and create demand. So desperate to create demand they tried to buy their way into Coinbase and Gemini:

https://www.bloomberg.com/news/articles/2018-04-04/ripple-is-said-to-struggle-to-buy-u-s-listing-for-popular-coin

This is a speculative crypto with no real world usage using marketing gimmicks. Not much different from anything else in the space.

>>10591567
xrapid is aimed to liquidity providers and companies that need to send money instantly and when that is archieved they aim for banks
>hurrrr why dont they target banks now!
because the market is not mature enough

https://www.reddit.com/r/Ripple/comments/6a8ysp/serious_ripplexrp_questionsfor_respected_david/

why would banks use xrapid then?
because xrapid solves the problem of nostro and vostro accounts
banks hold trillions of dollars in other banks account to be able to "send" money, but in reality the money was already there, this is very costly and xrapid solves that problem
but xrapid is not ready yet to transfer trillions of dollars a day, it can transfer some millions for smaller companies and liquidity providers so that is what they are aiming for

>>10591781
Can i ask what other coins you own?

>>10591781
>why would banks use xrapid then?

They don't use xRapid. That is the whole point.

Ripple's XRP would work one day when the market matures and it has the volume, liquidity and penetration in corridors of the world where it is most needed. Right now it has none of those things.

The irony is, the market will mature when/if crypto is adopted by the mainstream. But when that happens XRP will not be needed as that settlement asset. Hell, banks and remittance companies might not be needed to do those transfers.

>>10591900
>They don't use xRapid
they use xrapid more than they have used any cryptocurrency
>the world is going to be the way i say!
>we are going to convince 30, 40, 50 and 60 yo boomers to use our memecoins they havent ever heard of in their life
>come here grandpa, i will show you how to buy and trade cryptocurrencies on bitfinex

>>10591824
some stellar
and a bit of
binance coin, eos, ethereum, etc because of coinbase
and bitcoin when the market is shitting the bed

>>10592027
xrapid is not a cryptocurrency

>>10585815
It's in the trillions iirc. Rippleis a buy up to about .75 or so

>>10592101
i didnt implied xrapid was a cryptocurrency
>>10591900
and by buying into a crypto we are betting on the future adoption and value of it
you are retarded if you are buying because of the current level of adoption/use
because of the fundamentals and what i researched, i believe xrp is the safest bet