/biz/ - Business & Finance

i do

>>10907252
nice anon how many zerps do you have

It's excel money

>>10907280
>It's excel money


he doesn't know

>>10907266
lol are you asking me my bank acount balance
i have 4 figures of xrp, maybe 5 next month if i dont waste my wagecuck salary

>>10907374
you're gonna make

>>10907151
Security token that not a single NY-licensed exchange is selling.

>>10907151
>fidget spinner

>>10907390
>Security token

No proof that it's a security exists. In fact proof exists that the govt regards it as a currency not a security

>not a single NY-licensed exchange is selling

Ripple have a NY bit-license and sell it to institutional investors all the time.

https://ripple.com/insights/ripple-receives-new-yorks-first-bitlicense-institutional-use-case-digital-assets/

Any more FUD?

>>10907383
i hope it doesn't moon before i get to 20k at least

>>10907435
me too anon keep accumulating

>>10907151

Stellar is better

My IQ ist higher than 70

>>10907151
centralized shitcoin where the owners own over 1/4 of the supply and they only sell it to people who will use the Ripple company thus making the original owners richer

literally
FUCK YOUR KIKE COIN

>>10907151
It's not mineable and thus a shitcoin, that's why.

>>10907619
>KIKE COIN
>FIGHT DA POWAH
>being an emotional investor
You’re not going to make it

>>10907612
isn't higher? that makes sense

>>10907619
>centralized shitcoin where the owners own over 1/4 of the supply and they only sell it to people who will use the Ripple company thus making the original owners richer

97% of BTC are held in 4% of addresses

All coins are heavily centralised


>>10907622
>It's not mineable and thus a shitcoin, that's why.

Mining is a huge drain on the fiat entering a coin. Mining is just giving millions of dollars a day to chinese power companies. Why is this something you want?

>>10907619
source?

>>10907622
Mining -> centralized pools of profitable miners
Consensus -> decentralized as more stake holders enter and have incentive to support the system

>not holding at least 10k XRP
>image related

>>10907619
You=BTFO

>>10907671
>>10907681
based and repilled anons

>>10907731
Keep posting. I’m eagerly waiting for one of these retards to try to argue with what’s been posted.

>>10907797
XLM shills will be along shortly to explain why the west should give all their money to africa

>>10907638
>>10907681
what does BTC have do with anything?


centralized shitcoin where the owners own over 1/4 of the supply and they only sell it to people who will use the Ripple company thus making the original owners richer
centralized shitcoin where the owners own over 1/4 of the supply and they only sell it to people who will use the Ripple company thus making the original owners richer
centralized shitcoin where the owners own over 1/4 of the supply and they only sell it to people who will use the Ripple company thus making the original owners richer

>>10907651
the internet

>>10907812
>the internet
lol, can you provide a link?

>>10907151
facts, litteraly 9/10 ppl are sheep and bash ripple for no reason

>>10907812
The fact that you doubled down on your garbage post tells me just how much of a retard you are when the very first word of your statement is incorrect.

>>10907390
this faggot is gunna fomo so hard in ~2 weeks, everyone else gl load up ur bags before the massive run

It’s fake and gay

>>10907631
>>10907619

normies love centralized. bring on the normie money

>>10907812
>centralized shitcoin where the owners own over 1/4 of the supply and they only sell it to people who will use the Ripple company thus making the original owners richer

who are the owners exactly?

Over 1/4 of the supply of BTC is owned by one person. Prove me wrong.

>>10907869
He’s an idiot. The “owners” don’t own 1/4th of the supply. 55 billion xrp was locked into escrow by ripple.

>>10907881
>owners
my point is this implies there's some other category of ownership other than just owning XRP like a regular person or institution does

there isn't

>>10907891
Exactly. Ripple and xrp are 2 separate entities

>>10907819

>Ripple owns about 60 billion of the 100 billion XRP created
>https://www.cnbc.com/2018/01/16/why-ripple-is-not-cashing-out-its-xrp-holdings.html

>As Ripple CEO, Garlinghouse, 47, has a 6.3% stake in Ripple the company — but that's not how he makes our list. Though Ripple controls 61.3 billion XRP, holdings that total $95 billion in value,
>Like so many operators on this list, it's his personal stash of XRP coins, confirmed "in the nine figures,"
>https://www.forbes.com/sites/laurashin/2018/02/07/ripple-brad-garlinghouse-xrp-coin-crypto-cryptocurrency/#7580509c6ba7

>Ripple co-founder Chris Larson has 5.19 billion XRP and a 17% stake in the company
>https://www.xrpchat.com/topic/16345-anyone-concerned-about-chris-larsen-co-founder-massive-holdings/

talk about a centralized shitcoin, they even give the coin away for free

> As of 18 March 2014, Ripple Labs has given away XRP134,528,800 through the World Community Grid at a rate of XRP1,250,000 per day
>https://heavy.com/tech/2013/12/ripple-xrp-news-purpose/

>>10907914
>talk about a centralized shitcoin, they even give the coin away for free
lmfao

where can I get some for free then?

>>10907918
>evidence that xrp baghodlers have 0% reading comprehensions and can't google
99% of you idiots are normies who are baghodling shitcoins

>>10907914
>Ripple owns about 60 billion of the 100 billion XRP created
55 billion of which was locked away into escrow.

>>10907930
>bubbut muh escrow
kek

>>10907939
Are you genuinely fucking retarded?

>>10907948
hey don't get mad at facts normie

>>10907939
https://ledger.exposed/escrow-stats

what other coin in existence has the certainty of supply that XRP does?

97% of BTC are held by 4% of addresses, most of which have unknown owners.

Literally 97% of the entire supply of BTC could be dumped at any moment.

>>10907952
who's talking about bitcoin kek?

>>10907914
anon, im interested to know where did you get 1/4 figure, not how big is the ceo's stake in Ripple the company
you know that the company and the xrp coins are diferent, right?

>>10907960
>who's talking about bitcoin kek?
BTC is generally considered the benchmark for judging coins. If you think a different coin is a better benchmark then lmk and I'll show you how that one is shit compared to XRP instead.

>>10908030
I just gave u 2 names of 1 CEO and a former CEO that hold XRP holdings in the billions.
that's just 2 names

you do know that Ripple the company holds 60% of all the coins and not the CEO's stacks in escrow, right?

>>10908061
>you do know that Ripple the company holds 60% of all the coins
you do know these are locked in cryptographic escrow and can't be access right?

>where could the other coins possibly be?
kek you normies are as dumb as it gets
it's hilarious you even trap the newfags too

>will the baghodlers sell at a loss?
kek, let's see if that 0.25$ support line holds up for the next dump

>>10908079
>kek, let's see if that 0.25$ support line holds up for the next dump

unironically xRapid news will pump XRP past ATH watch

it's already in demand zone it's unlikely to fall much further desu

>>10908061
anon 9 figures means less than a billion

the two ceo combined would have 6.19 billion
and that is 6.19%, 1/4 would be 25%

>>10908090
let's hope for your sake that the Ripple company and it's heavy stackked holdings owners can shill hard enough, kek

>>10908110
>let's hope for your sake that the Ripple company and it's heavy stackked holdings owners can shill hard enough, kek

Everyone who owns large amounts of XRP is under contract to not dump the price. The supply of XRP is unironically a lot more certain than the supply of most coins where you don't know who has what holdings and there's nothing to stop them dumping.

>>10908095
kek, the article 'confirmed' 9 digits
it never argued anything above 9 digits which if we do ask Brad again, I think he'll just come up with something to dodge the question.
>>10908122
do you know what centralization means?

>>10908142
>do you know what centralization means?
Do you?

Is BTC centralised? 3 mining pools control it, 97% of BTC is held in 4% of addresses by an unknown number of people possibly as low as 10-20 people.

Is BTC centralised?

>>10907151
because it is a failed asset of a failed company that is now desperately trying to pivot after its pilot projects with banks were rejected

in summary, its a doomed project

>>10908153
kek if BTC is centralized then XRP is completely owned by a centralized company looking for profit
retarded normie

>>10908142
i still dont get it, 6.19 billions would be 6.19% of the supply
where did you get the 25% figure
>own over 1/4 of the supply

>>10908156
>because it is a failed asset of a failed company that is now desperately trying to pivot after its pilot projects with banks were rejected

Literally running the only plausible SWIFT competitor network currently in production with 200 banks on it.

xCurrent has an option to enable xRapid as a liquidity source all the banks have to do is turn it on.

Tell me that doesn't freak you out. The only cryptocurrency even close to bank adoption is XRP.

>>10908162
>kek if BTC is centralized then XRP is completely owned by a centralized company looking for profit
>retarded normie

BTC is centralised.

XRP is decentralised.

Ripple is one company in the XRP ecosystem.

These are facts.

Your argument is like Linux is centralised because Red Hat is a for profit company.

Since when is everyone in the crypto space a communist btw? You dislike for profit companies?

>>10908179
kek
whatever makes you sleep at night, normie

>>10908168
can you not do math?
I gave u 2 names. I didn't even go through the entire fucking board of directors list
you want the real truth? Go fuck yourself baghodler and do your own research

company owning 60% means 40% is not in the legal hands of the company and since 1 guy owns 5%, and the other guy is ((((confirmed)))) to at least be 1%, we can safely assume the other 24% is split amongst insiders and the inner circle to profit off this scamcoin to 'replace' bitcoin

you normies deserve to baghold for all this greed.
it made u blind

>>10908196
>whatever makes you sleep at night, normie
translation: I don't have a counter to these FACTS therefore I'll make some nigger-tier remarks. Ok buddy.

>company owning 60% means 40% is not in the legal hands of the company

Ripple the company owns it but it's in escrow.

>and since 1 guy owns 5%, and the other guy is ((((confirmed)))) to at least be 1%, we can safely assume the other 24% is split amongst insiders and the inner circle to profit off this scamcoin to 'replace' bitcoin

And 97% of BTC is in 4% of addresses owned by unknown persons. At least you know who owns what XRP. 24% is no split amoung insiders. There have been thousands of institutional buys which are all in lockup agreements to prevent dumping.

Again, unironically, XRP has the best certainty of supply of any top 10 coin.

done replying to you deluded baghodlers

>>10908162
it literally takes 2 phone calls to double spend on bitcoin.
Tell me how you can achieve a double spend on ripple, you absolute mong.

>>10908196
oooohh so you just made it up
wow
why are you so upset?
i don't quite get it
why are you just attacking everyone that tries to discuss
are you trying to spread fud, anon?

>>10908250
Olympic stupidity

>>10908287
>Olympic stupidity
Do you understand how mining pools and double spending work anon?

>>10908250
Double spending is impossible thanks to the lightning network, anon.

>>10908341
i'll believe it when i see it thanks

>>10908263
he's definitely frustrated.

>>10908341
>Double spending is impossible thanks to the lightning network
WRONG

if double spend occurs on the main chain before your pay chan closes you won't be paid

>>10907619

>>10908446
You're talking about a Finney attack.

>>10908489
>You're talking about a Finney attack.
I'm talking about a 51% attack

which is why it matters that mining is so centralised

if mining pools collude to mine a longer chain in secret then release the longer chain they can effect any number of double spends

lightning does not and cannot prevent against this

>>10908512
So what's the solution?

>>10907638
>isn't higher? that makes sense
>fell for my trap
>Doesn't know that ist means "ist" im German
I've actually proven that your IQ in below 70 KEK

>>10908519
>So what's the solution?
POW has been disproved as a viable mechanism for double spend prevention in practice. We can see the centralisation of mining into mining pools and the centralisation of interests in those mining pools toward collusion as well.

You need to give up on POW it will never work long term.

That leaves proof of stake which is also largely untested and consensus as in Ripple Consensus, which are run for years in production without issue or incident.

>>10908553
>I've actually proven that your IQ in below 70 KEK

Anon I...
you got me

Knowledge of German is the original IQ test, gas the Jews I guess.

>>10908567
So what's the solution?

>>10908770
>So what's the solution?
Ripple Consensus

>>10908781
I see what you're saying.

>>10908304
Show me one example of a BTC doublespend in the decade it has existed.

>>10908850
>Show me one example of a BTC doublespend in the decade it has existed.
M T G O X

>>10908853
What? Mt gox wasnt a double spend.
Glad I could clear up that misconception for you.

>>10908868
>Mt gox wasnt a double spend.
>Glad I could clear up that misconception for you.

Would you like to define double spend then

>>10908875
I don't need to define it. "Double spend" means one specific uncontentious thing in cryptocurrency.
It's really bizarre to suggest otherwise, like its some controversial term with loads of definitions.

>>10908929
>"Double spend" means one specific uncontentious thing in cryptocurrency.

Yes it literally means you can spend the same money twice regardless of how you pull that off. Tx malleability was an exploit which allowed you to do this. A 51% attack also would allow you to do this.

https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/

If your argument is that a 51% attack could never happen to BTC then you'll need to explain WHY BTC is so special that exact clones of the code base have had millions stolen by repeated 51% attacks.

There's no physical thing preventing the three/four chinese mining pools from ringing eachother up and saying 'hey lets secretly mine a longer chain so we can double spend'. What stops them from doing that?

>>10908963
Whats this wall of text for? Post a link to a doublespend transaction on BTC.
Just one. In 10 years. Surely there has been one if it is so vulnerable?
Just a little one? Has there been a single doublespend in 10 years? Even a teeny tiny one?

>>10908993
>Post a link to a doublespend transaction on BTC.

Hey anon this model of cesna routinely falls out of the sky.

"OK BUT THIS ONE HASN'T"

"SHOW ME IN THE FLIGHT LOG WHERE THIS ONE FELL OUT OF THE SKY RIGHT NOW"

But anon ... there's these other planes exactly the same as yours that have fallen out of th...

"STOP I DON'T WANT TO HEAR IT SHOW ME RIGHT NOW WHERE THIS ONE FELL OUT OF THE SKY OR SHUT UP"

Anon I...

>>10909008
>Hey anon this model of cesna routinely falls out of the sky.
If doublespends are "routine" you should be able to post one.

>>10909015
>If doublespends are "routine" you should be able to post one.
Are you saying this never happened? https://www.zdnet.com/article/bitcoin-gold-hit-with-double-spend-attacks-18-million-lost/

>>10909035
Bitcoin gold (BTG) is an altcoin, those are succesfully attacked fairly regularly.

Bitcoin (BTC) has never been doublespent. Ever. In 10 years. Not a single cent.
Impressive, right?

>>10909035
Yeah that's definitely BTG, not BTC.

>>10908993
Here you go.
https://bitcointalk.org/index.php?topic=152348.0

Explanation by Vitalik.
https://bitcoinmagazine.com/articles/bitcoin-network-shaken-by-blockchain-fork-1363144448/

>>10909058
>Bitcoin (BTC) has never been doublespent. Ever. In 10 years. Not a single cent.
>Impressive, right?

Not impressive. Lucky perhaps.

The point is there's nothing to stop a 51% attack from happening it just hasn't happened *yet*.

As you see from carbon copies of BTC that have been 51% attacked it's a real thing that could absolutely happen.

Incidentally a cursory google search did provide an example on the BTC mainchain: https://bitcointalk.org/index.php?topic=152348.0

Not that the counter example is needed, you haven't provided any argument as to why BTC is special and why it wouldn't be exactly as subject to a 51% attack as any other chain running running bitcoin-core's code base.

12814b8ad57ce5654ba69eb26a52ddae1bff42093ca20cef3ad96fe7fd85d195

Is the TX hash which you won't find in the main chain because it was in the shorter chain that was discarded.

>>10909058
>>10909065
you guys are fucking daft.
Grey boy definitely just said that those coins are based on the same algorithm as bitcoin and have been successfully attacked.
People have also pointed out that 90% of the hash rate is controlled by 3 mining pools based in china (the land of the financially honest without a shady gov).
Bitcoin is the cesna that hasn't fallen out of the sky and you dummies are doing exactly what based anon said:

> "OK BUT THIS ONE HASN'T"

> "SHOW ME IN THE FLIGHT LOG WHERE THIS ONE FELL OUT OF THE SKY RIGHT NOW"

>>10909068
based anon just gave that link too

>>10909068
>>10909035
Ok I see the gush gallop has started so lets be clear: BTC has never been doublespent, ever.
These articles do not show BTC doublespends.

>>10909058
Bitcoin Gold is a hardfork of BTC. Thats a bit different to the generic altcoin description. They both use PoW and one has been manipulated to be double spent.

Your head in sand attitude is going to cost you anon

>>10909108
The BTG doublespend shows how vulnerable alts are. Useful info.

BTC, in contrast, has never been doublespent. Ever. In 10 years, with literally hundreds of billions up for grabs.

>>10909107
>BTC has never been doublespent, ever.
12814b8ad57ce5654ba69eb26a52ddae1bff42093ca20cef3ad96fe7fd85d195

This is literally a double spend TX HASH on BTC which doesn't appear in the BTC chain because it was spent on the shorter chain that got orpahed.

Do you want me to post it again?

12814b8ad57ce5654ba69eb26a52ddae1bff42093ca20cef3ad96fe7fd85d195


Once more?

12814b8ad57ce5654ba69eb26a52ddae1bff42093ca20cef3ad96fe7fd85d195

>>10909107
>Something that hasnt happened will never happen

https://en.wikipedia.org/wiki/Normalcy_bias

>>10909128
>The BTG doublespend shows how vulnerable alts are. Useful info.
It shows how vulnerable Bitcoin is. It's a copy, another cessna of the same model.

Your thinking is beyond magical.

>>10909139
Bitcoin isn't vulnerable, though.

>>10909134
Who cares about an orphan chain? This is what those confirmations you wait so impatiently for are for.
>>10909139
Because of how it was designed copies of Bitcoin are always more vulnerable. It is kind of magical, in a way.
There can be only one longest chain, and BTC has it.

>>10909168
>There can be only one longest chain, and BTC has it.
This.

>>10909168
>Who cares about an orphan chain? This is what those confirmations you wait so impatiently for are for.

You actually don't know what a 51% attack is do you

>Because of how it was designed copies of Bitcoin are always more vulnerable

Oh do go on. Explain how all the copies of Bitcoin but not Bitcoin itself introduce a fatal flaw into the POW algorithm that causes them to centralise so that 51% attacks are possible but Bitcoin is immune. Please DO continue.

>>10909186
>Because of how it was designed copies of Bitcoin are always more vulnerable

>my shit sandwhich tastes great but all copies of it taste like shit

>>10909168
How long should you wait? If you didn't wait over 53 blocks in 2010, your transactions were wiped out. Another 24 blocks were erased in 2013.The odds of a payment network that can't provide basic transaction finality being adopted on a large scale are essentially 0%.

>>10909221
There can only be one longest chain, and bitcoin has it.

>>10909247
>There can only be one longest chain, and bitcoin has it.
>>10909237
How long should you wait? If you didn't wait over 53 blocks in 2010, your transactions were wiped out. Another 24 blocks were erased in 2013.The odds of a payment network that can't provide basic transaction finality being adopted on a large scale are essentially 0%.

Listen brainlets, kiddies, go do a little bit of research on how 51% attack actually happens.

Hint: you mine a secret longer chain using 51% of the hash power then you release it onto the network ORPHANING the currently longest chain.

I can't believe I have to explain how Bitcoin works to Bitcoin maximalists.

>>10909277
A 51% attack is impossible, so go eat your mother's ass.

>>10909306
>A 51% attack is impossible, so go eat your mother's ass.
Not impossible

Has happened before on BTC and BTC clones.

Facts are facts anon. Ignore them if you want.

>>10909311
>Not impossible
It won't happen. There.

>>10909315
>It won't happen. There.
Already did happen though

>>10909324
It won't happen again.

>>10907619
>making the original owners richer

and you if you own some too, brainlet

>>10909329
>It won't happen again.
pic related

>>10909341
pic related

>>10909277
>you mine a secret longer chain using 51% of the hash power then you release it onto the network ORPHANING the currently longest chain
LMAO. You want to run the figures on that one sport?

This site argues it would cost 1 billion *per day*.
BTW, there is no guarantee that you would make any money - note how the exchanges reacted to the orphaned chain that your colleague above posted.
https://freedomnode.com/blog/86/cost-of-51-attack-and-security-of-bitcoin-monero-litecoin-and-other-cryptocurrencies

So that's at least 1BN per day for the CHANCE to execute a double spend. And it would probably fail.

The reason I'm confident there's so much money still to flow into crypto...

BBC News Youtube page:

Video explaining what Bitcoin is... 150k views in 6 months

Video of a woman talking about how sex 5 times a day isn't enough... 10million views in a week

When the masses start heading this way, and XRP is a fully working product that they can see being used, then it's time to get excited

>>10909306
>impossible
>>10909315
>possible but never has
>>10909329
>alright it did but not again

Next minute you'll be getting a loan to x100 short BTC

>>10909372
>Next minute you'll be getting a loan to x100 short BTC
You mean last minute anon

>>10909372
>>10909374
Enjoy wage cucking is all I gotta say.

>>10909359
>LMAO. You want to run the figures on that one sport?
Yeah sure here's the figures

4 chinamen get together in a smoke filled room around a game of poker

the first chinaman says the second
"what if we..."
the second cuts him off
"51% attack BTC by combining our mining operations"
the third one lights an opium pipe

2 hours later every major exchange dealing in BTC is bled dry by double spends

Oh so inconceivable this could NEVER EVER EVER happen. Chinamen are the MOST TRUSTWORTHY race of men. And their laws are so AIRTIGHT they would never get away with such a thing.

/COULD/

/NEVER/

/HAPPEN/

perfectly save anon

Shitcoin
Sage
Xlm is what tripe tried to be but failed

>>10909398
Nothing will ever happen to bitcoin. Screencap this.

>>10909398
>Yeah sure here's the figures
>Rambling greentext
Ok.

Sage.

XRP is as credible as VeChain

>>10909403
>Yeah sure here's the figures
>Rambling greentext
>Ok

Sorry I forgot your brain was too small for hypotheticals.

1 + 1 + 1 + 1 = 4 mining pools working together to double spend.

Is that math easy enough for you to understand, I can try explain addition if you like.

>>10909412
Bitcoin will hit a million dollars and then I will be able to retire and watch high definition videos of women spreading their asscheeks allowing me to analyze their anus without having to ever leave the house. That is real happiness.

>>10909429
It could. You’re more likely to strike it big with XRP imho.

>>10908232
This guy fucks

>>10909439
Please explain how ripple is a better bet than bitcoin to me.

>>10909453
Bitcoins fundamentals are not getting better.

XRPs are.

>>10909412
I've already posted a good article examining the actual cost of a 51% attack.
Your scenario is ridiculous, why would they do that?

>>10909464
Profit motive. Why does anyone steal anything.

>>10909459
What is your honest estimation of XRP's price one year from now?

>>10909479
There is no profit motive. They would not profit from that attack.
It would ruin their business, burning all their investment in hardware and infrastructure and their future earnings. They would be blocked from spending it by the exchanges, and in a situation like that there is huge incentive for one of the conspirators to stab the rest in the back.

So huge risk, huge cost for zero gain. Economically senseless.

>>10909480
$589

Have to trust the insiders

Hahahaha. You are definitely going to kys.

>>10909480
>What is your honest estimation of XRP's price one year from now?
$10 at least

>>10909508
>There is no profit motive. They would not profit from that attack.
>It would ruin their business, burning all their investment in hardware and infrastructure and their future earnings. They would be blocked from spending it by the exchanges, and in a situation like that there is huge incentive for one of the conspirators to stab the rest in the back.


naivety thy name is GtyIlhCs

>>10909582
Which statement do you have a problem with?
I'm here giving you facts and data and all you give me back is cheesy insults.
If you're trying to shake my confidence in BTC you're not doing a good job.

Bump for most interesting thread and debate /biz/ has had in a while.

>>10909508
Here is how itll play out

>people try to use BTC as a world wide currency but fees blow out and tx times are measured in days (again)
>BTC community is slow to react and in fighting leads to forks of forks (super bitcoin cash+)
>BTC transactions become less and less as superior tech coins gain traction
>centralized mining pools will see their profits falling
>"hey guys this PoW mining thing isnt going to last ... lets get together and double spend and milk every last drop of cash out of it before we move on to the next scam"
>next day BTC is worth nothing

Marketcap is already too high. I feel I won't get as many gains.

>>10909640
Your last two lines wont happen, for the reasons I posted above.

>>10909619
>Which statement do you have a problem with?

You don't understand mining competition, or that, for example, one person in each mining pool might conspire against the rest of the mining pool.

You also don't realise that double spends can be short and subtle accruing over many years before people figure it out.

>If you're trying to shake my confidence in BTC you're not doing a good job.

It's not possible to shake a fool from his belief in foolish things so I wouldn't dream of trying it.

Simply pointing out 51% attacks are absolutely profitable for the people who pull them off and you are reduced here to trusting the behaviour of 3 or 4 chinamen. This is your great decentralised currency in the hands of 3 or 4 chinamen.

>>10909641
>Marketcap is already too high. I feel I won't get as many gains.
For XRP?

You're joking.

This coin is unironically going after a $27T prefunded nostro account market. Even if it only secures 1% of that market its price is going to be completely ballistic.

>>10909712
>You don't understand
>You also don't realise
>a fool
Insults and personal attacks aren't evidence of a weak argument, but they're generally a good indicator.

>>10909699
You state there is 'no profit motive' for mining pools to collude because it destroys BTC. Im detailing a hypothetical situation where destroying it is in their interest.

Exchanges wont be able to react fast enough to halt all BTC trading if they do.

>>10909767
>Insults and personal attacks aren't evidence of a weak argument, but they're generally a good indicator.

Sorry I can't educate you on the detailed reasons it might be profitable for 3 or 4 chinamen to rip off millions of dollars from exchanges by double spending.

Consider that they could mine a longer chain for 1 hour each day, have the chain exactly mirror the main chain except for one changed transaction and hit a number of exchanges with a double spend, transfering the double spent value into a privacy coin like XMR then withdrawing it.

The exchange would probably never know until they did a manual audit of their wallets. Everyone else would see the chain exactly the same as they saw before it only that one tx would be different.

This is the subtly that I can't explain to you. You could write a four part textbook on how 3 or 4 chinamen with 51% of the BTC network could subvert it quietly and at their leisure for their own profit.

Sorry anon this isn't school I'm not your lecturer, I can't be expected to sit here and teach you everything about blockchain and finance.

>>10909729
Well said.
In your opinion what could be the 2020 price of Ripple if what you say goes right?

>>10909809
I'd be surprised if it doesn't get to at least $100 if it starts to tap the nostro market

>>10909797
>Consider that they could mine a longer chain for 1 hour each day
This is impossible.
>>10909788
>Exchanges wont be able to react fast enough
6 confirmations takes an hour, the entire market and ecosystem would shut down within literally seconds. There is no way they could spend those coins fast enough in the volume needed to fund the attack,

>>10909823
Holy shit I was already bullish on XRP without knowing that... God I love this coin

The fact that everyone in the crypto community (who talks like a bunch of communists sometimes, like you said) and their mother hates it as the "evil corporations coin" made me like it at first

>>10909837
>This is impossible.
That's not impossible LMAO

How do you know so little about your own favourite coin

>6 confirmations takes an hour, the entire market and ecosystem would shut down within literally seconds. There is no way they could spend those coins fast enough in the volume needed to fund the attack,

Not true at all.

During normal operation on occasion the chain will fork at random, then the client / wallet software / node whatever you want to call it will decide that between two completely validly formed chains, the longest chain is the correct version of events.

So in this scenario all that happens is ~55% of hash power is dedicated to mining a longer chain which is kept secret. The longer chain contains the exact same transactions in the exact same order as the shorter main chain. The attacker goes to the exchange, makes a deposit of BTC, waits the 6 confirmations. Sells the BTC and buys XMR then withdraws the XMR.

The new secret longer chain contains every transactions EXCEPT that tx sending the BTC to that exchange. The new secret longer chain is then released onto the network.

All wallets / nodes / clients then will snap to the new longest chain because that is normal operating procedure for Bitcoin. No warning appears, probably no one would notice at all.

The exchange got its 6 confirmations so it's not going to be checking that transaction again. The exchange has just been robbed and doesn't know it.

They can just repeat this every day for years. For all you know they are already doing it now.

>>10908196
say kek and normie 3 more times you pathetic waste of air, you didn't quite managed to convince us you mono neuronic failed abortion

>>10909878
>~55% of hash power is dedicated to mining a longer chain which is kept secret.
Ridiculous. This would cost literally hundreds of billions and the chance of it staying secret is zero.
Consider that it would be cheaper and easier to buy all the major exchanges and have them exit scam at the same time.

>>10909878
It is already happening lol. It's a fuckin merry go round of BTC double spends and USDT. BTC has been hijacked and they're going for the long con. You're only safe buying non mineables and ASIC resistant coins like XRP and XMR.

>>10909919
>Ridiculous. This would cost literally hundreds of billions and the chance of it staying secret is zero.

It doesn't cost anything if the mining pools already have the hash power, which they do. Have you really not been following this discussion?

>>10909919
It would cost the current centralized mining pools an insignificant amount to collude and combine their hash power.

You are confused by that it would cost an independent a significant amount to 51% attack the current system.

>>10909946
This is interesting. This may be the bit of information that made me buy some XRP and/or XMR.

>>10909945
>>10909946
>>10909954
Really disappointed Im the only one calling out this bullshit but I can't stay reading this thread all day.
Hope biz can recognise shills, but I doubt it.
I'm out.

>>10909965
They're definitely not poor additions to your portfolio. I've accumulated some XRP and XLM. XMR is next. There's a lot of hate for XLM on this board but it's got a smaller mcap than XRP and will ride XRP's coattails in the next bull market imo.

>>10909983
I got into crypto late last year and dabbled in all kinds of alt coins. I currently hold only bitcoin as to not get burnt again by altcoins. With that said, I've been looking for one other solid coin to add to my portfolio and I'm really thinking XRP is the one.

>>10909969
>Really disappointed Im the only one calling out this bullshit but I can't stay reading this thread all day.
>Hope biz can recognise shills, but I doubt it.
>I'm out.

You don't have an argument. Basically you're asking us to trust that 3-4 Chinese mining pools are perfectly rational market actors and that market conditions remain favourable to maintaining BTC.

You ignore that each pool is run by a group of people any one of which could conspire to double spend with just one person from each of the other pools.

You also ignore the fact that they could have their cake and eat it too but double spending in addition to getting profits from mining, by doing it subtly. I've given you an example scenario as to how they might do that.

You can ignore reality all you want. But the reality is clear: BTC rests in the hands of 3-4 chinamen and that is centralised as all fuck.

>>10910000
Nice digits pageet

>>10910000
>BTC rests in the hands of 3-4 chinamen and that is centralised as all fuck.
This really makes me think.

>>10910000
Digits have spoken.

Digit never lies

10000$ XRP 2020 confirmed

>>10910014
You should look into the distribution of validator nodes for XRP. The majority of them don't even belong to Ripple. If they disappeared the network would still be running.

>>10910041
>You should look into the distribution of validator nodes for XRP. The majority of them don't even belong to Ripple.
For someone who is just learning about the details of ripple, I'm assuming this is a great thing?

>>10910014
>>10910037
>>10910041
>>10910050
Disgusting.

>>10910050
>For someone who is just learning about the details of ripple, I'm assuming this is a great thing?
It's something haters were hung up on forever and ever and recently the network became extremely decentralised so first knee jerk reaction of everyone pro-XRP is to remind everyone else that it's the most decentralised coin in the top 10.

Yes it's good :P

>>10910014
https://xrpcharts.ripple.com/#/topology
Here ya go

>>10910058
Take your bitch ass out of here. You haven't won a single argument in this thread. We're sick of talking to you.

>>10910000
Checked, good stuff anon.

>>10910074
You were absolutely destroyed.

>>10910099
Those heavy BTC bags have given you brain damage anon

>>10910070
This is actually really cool to look at. It's a massive web.

>>10910105
lol I fucking cleaned you out.
You had to start posting articles about bitcoin gold and have these two low IQ interns start jerking each other off
>>10910070
>>10910107

>>10910000
I passed out and woke up to read the rest of this thread. You’re dropping knowledge anon, gj. This is one of the best threads ive seen on biz

>>10910000
>by doing it subtly

trust your shit ass bank coin then faggot

>>10907151
Guys, where can I learn everything, and I mean EVERYTHING about Cryptocurrency.
Right now I'm a brainlet in this subjet I wanna learn everything about this by the end of next week.
I wanna learn everything about:
-Crypto coins
-wallets
-trading
-minning
-blockchain
-security
-fud/shill/smartcontracts/node/ICO/hash/eoy/fiat/ etc....

EVERYTHING
So, which sources/pages/videos you guys recommend I should visit/see?

>>10910153
>trust your shit ass bank coin then faggot

t. someone with a bank account

trust your bank account then faggot

>>10910126
Dude you lost. anons are showing up and getting redpilled right and left. Unless that was your intent, you're just bumping this thread kek.

>>10910126
You didn’t clean anything out. You are delusional

>>10910175
>anons
LOL It's just me and your team and maybe some lost skycoin shills lmao. But don't tell your boss or there'll be no more curry!
Biz is dead.
In fact, if any actual anon does come along and read an article about a BTG hack and think it means Bitcoin then I fucking HOPE they don't buy BTC.

>>10910058
I thought you were leaving?

>>10910201
>I lost a debate because I have no arguments
>Biz is dead.

Lol at least be a graceful loser instead of a regular loser. You said you were out, so why are you still here?

>>10910201
>losing every retarded argument you presented
>multiple anons call you out on your stupidity
>s-shills!

Anybody that has been following this thread can see how badly you got shut down

>>10910211
Because having to constantly have the last word is a sign of autism. He had no intention of leaving the thread

>>10910201
>being this delusional
Fucking kek, I can tell you shouldn't be here little anon.

>>10910210
>>10910211
>>10910216
>Sir buy ripple sir excellent coin $800 surely

>>10907151
No adoption at all. 2 separate transactions of $1000 each were pushed through xrp in total. Absolutely zero other bank activity. There are horrible token economics at play. Banks aren't incentivized to hold xrp and it's inflationary. No signs that banks want to use xrp yet briefly exceeded btc in market cap during the last bull run. Literally any crypto coin can be used to push value from 1 country to the next.

>>10910235
Ripple is an American company, I know you’re trying to be funny but at least try to make sense when doing so nigger

>>10910238
>Banks aren't incentivized to hold xrp
I wonder why there are record institutional purchases this quarter then?

>and it's inflationary.
It's actually deflationary anon. Sorry buddy.

>No signs that banks want to use xrp
Yet over 300 banks are working with Ripple and numerous more attend their conference.

They must be doing something right?

>yet briefly exceeded btc in market cap during the last bull run.

This is a bad thing?

>Literally any crypto coin can be used to push value from 1 country to the next.

Not with finality and not in 4 seconds. Most coins also don't have a decentralised exchange built into the network or escrow, payment routing through multiple tokens etc. XRP Ledger is properly designed for this enterprise use-case.

>>10910233
>>10910216
>>10910211
>>10910210
>>10910176
>>10910248
Does your boss know there is almost no organic traffic on biz?
That you're just shilling to other shill?

>>10910268
>Does your boss know there is almost no organic traffic on biz?
I'm self employed. It would cost too much to hire me full time anon. Blockchain developers aren't cheap.

>>10910275
>Blockchain developers aren't cheap
LMAO. Copy pasting erc20 tokens and shilling them on biz doesn't make you a blockchain developer Ranjesh

>>10910303
>Copy pasting erc20 tokens and shilling them on biz doesn't make you a blockchain developer Ranjesh
Lol! I wouldn't touch Ethereum with a 40 foot pole. I hope you're not in ETH as well as BTC anon...

>>10910322
If you were in ETH or BTC you wouldn't be shilling garbage on biz for 2 plates of curry per day.

>>10910235
Aurumcoin, a coin backed by the awful awful gold reserves, has just done 6600% growth overnight

Still want to question the legitimacy of establishment power?

XRP makes sense for the same reasons as the above

Can't go wrong working with the government and the banks...

>>10907151

holy shit, fucking sage you samefagging proxy faggot

>>10910336
>shilling garbage
because making legitimate arguments about the incredibly centralised POW algorithm used by these coins is apparently a form of shilling

ok anon

reply to this reply you can have the last word I won't stop you

Incidently I didn't mean I'm a developer who develops on blockchains, I meant I'm a developer who develops blockchains. Sorry for the confusion.

>>10910355
I have 66 posts in this thread you brainlet. You think I had time to proxy post all the other posts in the thread too.

The absolute state of biz.

>>10910362

>66 posts
>XRP still sucks

Embarrassing.

>>10910374
>Embarrassing.
Only if you don't know why you think it sucks. If you actually had an argument as to why it sucks then ok.

>>10910360
> I meant I'm a developer who develops blockchains.
The only thing you develop is diarrhea, from drinking out of the Ganges

>>10910378

>67 posts by this ID

http://rippening.watch

Hmmm. This number appears to be getting larger.

>>10910406
>Hmmm. This number appears to be getting larger.
I guess you better buy that then anon. No one is stopping you.

>>10910411

Sitting on a nice stack of XLM since August 2017.

Tell us pajeet. When did you buy your bags of XRP? January? Or do you just get paid in curry?

>>10910431
Well your bags will be worth what you paid for them soon enough don’t worry about that.

>>10910436

Ahh the same old shit from the same old pajeet

>huuuhhh stellar's gonna fail
>XRP will rule the world!

I find it funny that one of the people that voted Jed off the board of Ripple was Roger Ver. Jed was pissed because he thought no one would trust a board who owned billions of XRP. He turned out to be right. Now everyone wants to develop on Stellar. Now XRP is paying Snoop Dogg to hype it's shit. While Stellar just rolled out World wire with IBM.

Oh boy

>>10910537
>Now everyone wants to develop on Stellar.

Who? What projects has stellar got other than IBM?

My most profitable trades on mex have been shorting Ripple on 20x.

>>10910556
I hope you closed your position anon

THIS IS NOW A STELLAR THREAD

>>10910571
have it, I can tell Africa is waking up.

8:51 AM
Saturday, 1 September 2018 (GMT+1)
Time in Nigeria

>>10910571
This is what happens when africa is involved

>>10910571
nothing to see here anymore

>>10907151
I have official clarification from brad himself saying that his will hit beyond $589 eoy! you have my *personal guarantee*

;^]

>>10910571
Close it down then. See you all next time

Christ stellar is unironically only owned and shilled by actual Nigerians

Shit thread for a shitty token.

XLM is where it's at.