/biz/ - Business & Finance

JUST

is it about to moon?

>>11215706
It's about to hit the ground, hard.

ETH is headed out of the top 10 - and rightly so.

Eth is lower than it was last November and XRP is double what it was last November before the last bull run.
Ethereum is the most widely used crypto in the world with more than 50% of all crypto transactions being on the Ethereum network, has the biggest network of people developing for them and is the most fairly distributed turing complete smart contract platform.
XRP may or may not have connections to the banking industry and is otherwise useless.

Does anyone have anything to add to this? Crypto is a joke.

is it really habbening again?

>>11215725
It's widely used but mostly for creating shitcoins it seems

>>11215725
Its because of Holo, ETH is going to get flipped and smart money knows.

>>11215784
Explain to me, an ETH maximalist why holo will replace it?

>>11215725
ETH can't scale
hit capacity
top 3 dapps by daily users are on EOS
BitMEX CEO confirmed ETH going to double digits

>>11215796
Because Holo can do everything ether does and more and that 1,000,000 times better. It's just how these things work. ETH has a dominant network effect but if something can do it 1,000,000x better than there's not much incentive for people to hold on to to the dominant network. Would have been a different story if it was just another shitcoin claiming to do it 1000x better or somethign.

ETH needs to scale fast, or bite the dust.

>>11215803
Eth is a mess

>>11215731
The shitcoin shave died so ETH died with them. Chainlink is ETH’s only hope and XRP’s worst nightmare.

>>11215958
*^shitcoins all died

To the retards fudding XRP, without basic knowledge of it.

https://xrpcommunity.blog/the-basics-of-xrp/

>>11215895
Currently holo can do none of that. You’re being swept up by vaporwave advertising like a tron newfag. Don’t say “can” when the coin has not released a working product anywhere near the level of ethereum. Will is the word you’re looking for, pajeet.

>>11215725
2000 developers
1100 git commits in a fucking year
only 3 apps with > 2000 daily users
centralized policymaking
let people vote on mining rewards..they voted for 3 eth? Nah skeleton says 2.
He also hinted supply will be capped at 100m... 108m surprise motherfucker

>>11215972
Might is the word I would use personally.

>>11215908
Eth is a waste

>>11215972
Why would you even reply to holotards? These people are straight up impartial shills, nothing of value will come out from talking to holocels

>>11215689
And it just flipped back down to #3 again
womp womp

>>11216134
so what?

SWELL, xRapid

womp womp

>>11215689
Is this a bait thread? I just checked and XRP is at nr. 3 as always.

>>11216145
it'll still be worthless next year as well, hahahaha

>>11216166

>>11216029
people voted for 1 eth, not 3 nor 2, you nitwit
newfags act surprised eth didn't maintain a literal x100. we're still at x20 compared to jan 1 2017 and that's a ridiculously speculative valuation

>>11216177
impeccable logic fren
it was *designed* to be a bankster coin but most banks will never adopt this thing because the current system works perfectly fine

>>11216188
"perfectly fine", sending money across the globe takes days, without even able to trace where the money is currently in transit, not to mention the transfer cost would feed pajeet family of 10

>>11216222
SEPA payments exist and who cares about the third world.

>>11216251
SEPA still takes days between the EU states, KYS

mETH holders right now....

>>11216256
It never has for me, why would I kill myself if it did?

>>11216188
>down with tha banks buy muh buttcoin

>current system works fine

Lmao

>>11216289
you're fucking Larping, when you send money (you can do this only during the business hours which is already ridiculous) you will see it at the destination country next day (at best)

>>11216312
The current system works well enough that adding what ripple is claiming to do is unnecessarily complex for such a small improvement. The solution to the central banking system is decentralised alternative not a glorified iou service that happens to have a cryptographically secure token stitched on top of it.
>>11216324
What shit tier bank doesn't let you use online banking after business hours to send a sepa transfer next business day

>>11216498
You realize what you're saying is literally contradicted by what the banks themselves have said after testing ripple products right? RBC the biggest Bank in Canada concluded that they could reduce their costs by 50% using xrapid, xvia, and xcurrent. If you don't see the utility on that and how it would force every bank to use ripple in order to stay competitive you truly are a dumb retard

>>11216498
oh they let you, but the transaction will go through next day starting business hour

>>11216551
>Zero token utility

>>11216702
Is this bait or are you genuinely mentally deficient?

>>11216551
>>11216734
xvia and xcurrent don't need XRP to function. Brainlets like you are the reason why XRP is milking more and more money outta everyone.

>>11216850
XRP is the future, the incentive for everyone is to free up trillions of dollars in nostro/vostro accounts

if you can't grasp this shit you should KYS

How do you actually USE XRP?

How do you, for instance, cash out?

>>11216941
go back

>>11216935
You literally dont even understand the proejct you are shilling.

>Muh token utility doesn't matter
You are worse than the jews

how much xrp do I need to make it?

>>11216985
oh yeah? please educate me

>>11217049
10 to 20K

>>11216264
How all the fuckers in my office and I'm thinking you also got in at $3-$4 not one of u stupid mothers fuckers had been around long enough to buy at a cheaper price, if you did anyone in this place who believes in this show me... U have 2hrs.... if not then u got fucked and just are coping.

I can admit I got bcash thinking it was the next bitcoin... i sold at a loss and never looked back...but xrp people can't even do a little 5 min research and see the mistake they made. It's madness denial is one mental stop away from crazy.

>>11217114
If you can logically explain why xrp is retarded I would happily drop it in a heartbeat.

same bull trap that happens every XRP pump

this scam has been running for years

>>11217245
Based.

$.35 EOW

>>11216850
Buddy I seriously thought it was bait because I didn't think it was possible for people to be this braindead, but 4chan surprises me once more.

If you actually read the RBC documents ALONE, it clearly states that they intent on using ALL ripple products including Xrapid. Using Xrapid literally creates them real time liquidity, so they don't have to hold billions of dollars in foreign currency sitting in an account doing literally nothing.

It's estimated that Xcurrent saves banks approximately 30%, and then using Xrapid saves them an additional 30%. Why would a bank not cut it's costs by 30% and be more competitive with other banks. Literally basic economic theory tells you that you're a fucking retard, but I would expect 4chan dumbfucks to know shit.

>>11217272
>great, we just saved 30% off our small transaction fees, but now we have to set aside $2 billion for the legal costs of using a fake internet scam token instead of real fiat

>>11217245
This. If you don't know what's going to happen next on this chart you aren't going to make it.

>>11215689
just as planned

>>11217321
Wait wait hold up. Okay so we can concede that everything I'm saying is right and that you people are retarded and now we're moving to the next dumbfuck argument that takes 2 secs of research right? Ok good.

Ripple is literally working with regulators to provide clarity on what they can do. They have Ben Lawsky on their board of directors who's had like 20+ years of experience in financial regulation.

There is absolutely no evidence that anything ripple has done, or will do cause regulatory concerns.

I love how the 2 dumbfucks saying xrp is flawed all of a sudden go silent and don't say shit now. I hope all of you neck yourselves because in my opinion, people who spread misinformation so ignorantly like that without doing any research are like the biggest cancers in society.

>>11217393
They got bored. XRP is a shitcoin and there is no point arguing with swing traders trying to make a quick buck.

>>11217423
this

the amount of retardation on 4chin is horrendous

>>11217423
>all of a sudden go silent
more like you are such a deluded retard it's pointless to respond to you. it's like trying to hold a conversation with a full downy.

>>11217423
It's kind of irrelevant though. XRP might be a legitimate project, but look at >>11217362

It's a Jew pump and dump coin. Anyone who buys without knowing that it's going to pump is going to lose money unless they just get extremely lucky.

>>11217457
Okay could you give an example on an argument about xrp I made that is completely retarded?

>>11217491
you're failing to grasp that I don't care, at all. I wish you the best with your project though, and please buy as much XRP as you can while it's still cheap.

>>11217523
Ah nice, you simultaneously tell me I'm a deluded retard but when asked to provide an example, you all of a sudden become disinterested in talking about the topic. Okay have fun buddy.

>>11217491
>could you give an example on an argument about xrp I made that is completely retarded?
"buy xrp"

>>11217567
your arguments just proved to be too bulletproof for me friend, please take this as an indicator you should buy more XRP

>>11217574
Nice meme buddy, remember to never actually engage with arguments when it makes you feel bad about yourself

>>11216498
based and redpilled

>>11217607
I'm well stocked up, I luckily got in when it fell to 20~ cents

>>11217619
What's your argument in support of buying XRP? Do you have one?

It's pretty fucking close ...

>>11217636
DYOR lazy cunt

>>11217630
it's such a great product, you really can't have enough, the chart is definitely looking to break out, you should load up while you can

>>11217648
I have. That's why I'm not going to give my money to a bunch of greasy kikes.

>>11215895

To add to that, Holo dapps (including any smart contracts) will be compiled Web Assembly code, with the first main supported development language Rust (and Typescript should work nicely as well). Why is that important? Means that out of the gate there's already a whole ecosystem & toolchain to support Holochain developers. Meanwhile, Ethereum has Solidity, which isn't the worst language ever made - but its still a custom language that only recently has really had enough tooling to be usable. Developer tools are insanely important when it comes to adoption, can't overstate it enough.

>>11217636
My goal is to make money that has high high potential returns with minimal risks. I haven't seen a better choice than xrp at the moment, but I could change my mind in the future. Xrp is ridiculously cheap right now, and with Xrapid launching in less than a month, there is going to be an increase in volume likely driving the price up. In my mind it's all but guaranteed xrp will hit $10 by the end of 2019.

When you look at ripple the company, it's basically too rich to fail at this point. I forget the exact amount, but they have somewhere around 20 billion in cash to spend with absolutely no debt. And they're investing a lot of that money into xpring which basically funds startups that agree to use xrp to solve real world problems.

>>11217703
>the first main supported development language Rust
Failed before it even launched. Rust is an unusable fucking meme language. EOS compiles to web assembly too but uses a sane language that people can actually develop in.

>>11215689

>market cap indicates whether or notsomething is a shitcoin

DIE IN A FIRE

>>11217659
You're right thanks for the suggestion :)

>>11215967

We dont need basic knowledge of the inner workings and tunnels that inhabit a piece of dog shit

Kill yourself and sell your coins for USD faggot

>>11217729
>My goal is to make money that has high high potential returns with minimal risks
>Invests in coin that has been going down for 95% of its life span after a couple sporadic pumps
XRP might be "too big to fail" but that doesn't mean their token will appreciate in value.

Fuck xrp anyways back to good news....

>>11217767
Well yeah it will because todays price is completely based on market speculation and not actual utility. The current system using swift handles about 5 trillion per day. Even if ripple captures a small % of that market the price is guaranteed to go up because of the inherent nature of Xrapid. A cross border transaction would work by a bank using local fiat to buy xrp off an exchange and then selling it to the foreign fiat. It means they must buy xrp which will drive the price up

>>11217844
>todays price is completely based on market speculation and not actual utility.
No, today's price is completely based on banker Jews pumping the price to retarded levels so that they can slowly dump their bags on you True Believers and normies who fomo in at the sight of all the green dildos and slowly cut their losses over the following 6 months.

>>11217844

But xrp will never have utility because nobody will ever trust it but those holding 90% of the coin supply

>>11215689
Is it (((vitalik)))?

>>11217765
>>11217843
>>11217900
>>11217901

kys pajeets

>>11217378
So true. Let's hope worldwide governments fight against each other for their "crypto coin", so one real is accepted my the mass. Even if its btc.

>>11215725
Yeah what eth created was a joke, meme cats and what not. Absolutely no real use case emerged what so ever. Same with bitcoin, we all tried it, paid $45 transaction fees and waited 48 hours for the payment to settle. Yes I think crypto as we know it is indeed a mother fucking joke.

>>11217844
$5 trillion per day from swift
Divided by 24 is $208333333333 - per hour
Divided by 60 is $3472222222.22 per minute
Divided by 60 is $57870370.3703 per second

Divide this by total supply of 99 billion is 0.000585c per xrp is needed to perform these transactions per second.
If we multiple this number by 3 to take into account the 1/3 circulating supply we get 0.00175c per xrp is needed.
Now if we become even more generous and say that there must be 50% in reserve in order to allow for safety in transactions and multiple by 2 we get 0.0035c per xrp needed.
Now lets be even more generous and multiple this by 3 as xrp says that it can take 3 seconds for full settlement of a transaction before it recycles and we find ourself at 0.011c per xrp needed.
And remember this is if it replaces all of swifts transactions tomorrow.

>>11219217
based and redpilled

>>11219217
You are very good at math and there is nothing wrong with this model at all. Carry on.

>>11219217
xretards on suicide watch

>>11220000
CONFIRMED
XRP $0 EOY

>>11219217
this logic has at minimum 3 extra chromosomes. dividing the volume by supply to equate value. thats like saying ETH is only worth $1.70 based on today's volume

>>11220389
top kek

too many memes and shitposts ITT, signal to noise ratio is all out of whack. get it together faggots. There's a BCH vs BTC thread up right now with more quality posts than this for fuck's sake

>>11217844
>>11217900
agree with both

>>11220389
>ETH is only worth $1.70
$1.70 is pretty generous desu senpai
it will be lower than that this time next year

Do you seriously think every transaction will be the same size?

>>11220620
epic

>>11215689
Ethereum is superior to Bitcoin and to all other coins,in that it is the mother of all shitcoins, even its own bitcoin.

>>11215725
>>11219173
take the xrp pill anon
>network never clogged, running just fine since the inception,
>present capacity not expected to be topped for years to come
>even if it is, it would have scaled until then like it did, from 525 tps in 2013 to 1k tps in 2015 and 1.5k in 2016
https://bitinfocharts.com/comparison/transactions-btc-eth-ltc-xrp.html#6m
https://xrpcharts.ripple.com/#/metrics

>>11216498

>>11221935
Now compare XRP to EOS.

>>11215689
>BREAKING NEWS

Do you even crypto bro? That shit happened like 3 times in a day last week. It will be back down tomorrow and probably back up, etc etc.

XRP is a shitcoin tho

>>11221975
>completely centralized
>transactions are reversible
>permisioned network
now compare eos to visa

>>11222036
>xrp shill calling another project centralized
HAHAHAHAHAHAHAHAHAHAAHAHAHAHA

>>11222041
>xrp
>centralized
kek
gtfo with your centralized shitcoin eos

>>11222083
>half the network owned by Ripple
>more than half the total coin supply owned by Ripple
>literally have the power to freeze your account
Holy shit the lack of self awareness is incredible. XRP shills truly are the biggest NPC's of them all. I guarantee that you don't even know the first thing about how EOS works and are just repeating what you read on r/cryptocurrency

>>11222114
>literally have the power to freeze your account
kek
that only happens with eos
the XRP Ledger has no administrative functions.
https://developers.ripple.com/freezes.html
>XRP CANNOT be frozen by any entity or individual.

>half the network owned by Ripple
lol that was in 2013, you fell for ancient fud
today ripple only owns 10 out of the 934 nodes and 146 validators

>>11217457
>this

As if xrp doesn't scream jew scam shekel enough, their cto is a literal fat monster kike who's too retarded to realize he's bald.

>>11215689
Mlsss1000eoy