/biz/ - Business & Finance

>>12378136
the xrp token will be replaced by a centralized FIAT-backed stable coin, it will work as fast as xrp but without the volatiity, its gonna happen 100% it's just a matter of time and demand for any of this shit

>>12378349
XRPs current main function is to settle transactions via xRapid with a 4 second window where banks are exposed to flucuations in price.

Whats the point of having a stable coin for this? Its just a waste of whatever is backing it. Also with updates like cobalt the speed of XRP tx aims to be 1 seconds which lowers the risk even further.

>>12378427
>Also with updates like cobalt the speed of XRP tx aims to be 1 seconds
You know that makes xrp worthless right? Holding xrp for 1 second only results in minuscule demand

>>12378457
The too quick to be worth anything meme

If banks and FIs are buying and selling XRP to facilitate even a small proportion of the global money tx market then it wont matter if its 0.1, 1 or 4 seconds. Huge liquidity will create value and with that comes other use cases like (dare I say) a store of value.

One reason BTC is most valuable now its because of its liquidity

>>12378427
there is always a spread + fees, with a stable coin there is no spread

>>12378532
>If banks and FIs are buying and selling XRP to facilitate even a small proportion of the global money tx market then it wont matter if its 0.1, 1 or 4 seconds.

It absolutely matters, even if xRapid is used to transfer 5 trillions daily, with a 4 second holding time it only generates enough demand for a $231M market cap. Yes that's M not B.
The only effect xRapid is going to have on the price of xrp is hype

>a store of value

banks use us bonds as a store of value and that's not going to change unless america collapses, but ripple is an american company so xrp would collapse too

>>12378557
The spread is semi-fixed cost that with more liquidity will approach zero (not ever reach).

The global correspondent banking tx market is measured in trillions. Why would you bother removing all that money in nostro vostro accounts to then waste it to back up a stable coin?

>>12378575
Im interested in the maths you use to get 5 trillion/daily = 231 million market cap.

>>12378679
The equation of exchange is:
totalSupplyOfXrp*xrpPrice = xrpTransactionVelocity*transactionVolumeInDollars
or
marketCapitalization = howManyTimesEachXrpIsTradedPerSecond*transactionVolumeInDollarsPerOneSecond
(I use 100B xrp as total xrp supply as the difference is negligible)
5T/day = 57.87M/sec
marketCapitalization = 1/4*57.8M
marketCapitalization = $231.4M
Even if only 1B XRP are actually transacting, that gives $23.4B - for the total supply, that is, lower price than the current one - $0.234/xrp.

For 1 sec holding time divide this valuation by 4

>>12378136
enjoy your xrp you dumb faggot. if youre too cucked to understand shit for yourself then you deserve the misery that awaits you.

>>12379217
>Bought XRP below 10 cents
>Sold 60% at 65 cents

Yes I am enjoying my XRP thank you very much.

>>12378136
>sendfriend

A step above JP Morgan.

>>12378136
>>12378427
>>12378532
>>12378802
Tiffany Hayden in a porn with Arthur Hayes?
What do you guys think?
>BLACKED

>>12379383
KYS

>>12379259
Just one on the list. Lets see your portfolio composed of coins that are utility based and are verified to be utility coins by for profit companies publically announcing adoption of your currencies. According to the XRP fudsters These lists of companies using XRapid are actually dumber than the biz dwellers and are making million dollar mistakes even after being vetted by teams of people to verifity XRapids utility. These companies are wrong and the biz dwellers are right. Hmmm

>>12378802
>>12379217
>>12378457
http://galgitron.net/Post/Is-XRP-Too-Fast-to-Be-Worth-Anything
read this article you fucking brainlets.

>>12379403
Dude wtf?
She is a fucking hot sexy milf, he is a pitch black stereotyp big dick nigger.
How beautiful would it be to see how Tiffany gets her pussy black dicked by Arthur.
>I would definitely pay some Ripples or Bitcoin to jerk of to that movie.

>>12378136
>shill for a corporate coin
No thanks.

>>12379514
I would literally sell my soul if I could so people like you just died.

>>12378575
But he banks are not even going to exchange XRP. Why would they?

Here’s why they won’t:
>bank must cash out the XRP upon receipt
>in order for this to be effective, bank has to cash out within their own country (if they cash out in another country they’re back to square one)
>oh shit, but there aren’t liquidity pools so that means they would have to cash out XRP on exchanges within their own country
See the problem here?

>inb4 b-but the banks will just hold XRP, you fucking idiot
The problem with that is XRP seeks to free up nostro/vostro accounts but by holding XRP versus converting it, the banks wouldn’t free those accounts. At the end of the day they would end up with the same problems as the existing system.

>>12378349

>>12379542
xPool

>>12378427
What's the point of exposing banks to flucautions if you're not going to combat price volatility with a tethered currency.

If I am a bank in the age of high frequency trading why would I voluntarily expose myself to 4 seconds of arbitrage losses on every transaction I make.

Average HFT systems can make trade decisions on the microsecond timeframe, getting transaction speed down to 1 second is the difference between being robbed every 4 seconds or every 1 second.

*SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM*

*CREATES MORE TOKENS BECAUSE INFINITE SUPPLY*

*SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM*

*MAKES UP FAKE MOVEMENT FROM (((BANKS)))*

*SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM*

*DUMPS ON BAGHOLDERS WHENEVER THEY WANT BECAUSE WHY NOT*

*SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM* *SCAM*

>>12379462
literally nothing in that article is a counterargument.
Yes there's some amount needed for given transaction volume and that amount is given by the equation of exchange.

A basic understanding of how inter-bank transfers work reveals why so many XRP maximalists fell for a meme.

>consider the follwoing:
When Bank A sends 1000 bucks to Bank B, what happens is Bank A debits 1000 from their ledger and Bank B credits 1000 to their ledger. If those banks have no relationship, they go to bank C. Regardless, the majority of this system is cashless. This is why SWIFT and Ripples Xcurrent are nothing more than a MESSAGING system that match the banks and keep track of the various ledgers between them.

Ripple's Xcurrent product is very effective but you need to understand that it functions as a cashless transmission, the banks are sending messages, as apposed to actually sending XRP.

>>12378557
Then banks accepting stablecoin issuers have to trust there is no fractional reserve. Being banks they know stablecoins are not really sound money for international transfer.

>>12381189
Those kind of relationships are incredibly expensive (except for banks like Citi who profit off everyone else). That's where XRP comes in. It can give you to have the same cheap, real time transfer you would get if you had a nostro account, without having to tie up any capital or deal with the additional regulatory burden of prefunding.

>>12380254
>*CREATES MORE TOKENS BECAUSE INFINITE SUPPLY*
XRP's supply was set at 100 billion in the genesis ledger. There is no method to create more. An invariant check makes sure not even a bug can create more XRP. It will prevent problems like the value overflow bug that occurred in Bitcoin in 2010 when 180 billion BTC were magically created (requiring mass collusion of miners to rewrite history to delete the extra BTC).

>>12380021
If they are really that concerned about 4 seconds of volatility, they can pay someone else to take the risk for them. Ripplenet allows xRapid users (mostly payment providers to start) to offer to bridge payments on behalf of any other member of the network.

A stablecoin is an unecessary complication. Making fiat to fiat transfers is a simple technical problem to solve (Ripplenet does this). The purpose of a cryptocurrency is to serve as a neutral liquidity tool with no counterparty risk. That's what will allow any and everyone to freely adopt it. Meanwhile, we'll end up with hundreds of incompatible stablecoins that no one except the backer wants to use.

>>12381728
as always in these threads, few have any understanding of how fundamentally embedded SWIFT messaging is in banks. shits deep.

Ripple may make a splash in the market, but for all you young bucks putting money in hoping for some early retirement in 2 years, take it from an old banking cunt, it wont happen in any time frame you zoomers will be happy with. The transition to SWIFT GPI was a 3 year project at the bank i work for, and that preserves existing messaging format (with small changes). Ripple is a 10 year investement, and thats if it ever gets picked up, and SWIFT dont shark them with a blockchain solution in the meantime.

>>12379526
How do we short these faggots?

>>12381728
As was pointed out above...
>you fucking idiot
The problem with banks holding and exchanging XRP is that XRP seeks to free up nostro/vostro accounts. However, by holding XRP versus converting it, the banks wouldn’t free those accounts. At the end of the day they would end up with the same problems as the existing system.

>>12381775
It is a long term play no doubt, but Ripple has already accomplished more than I ever thought possible. And they've recently stated their goal is to expand to 1000 customers with 2 years. It's ambitious, but I think there is going to be a lot of pressure on banks to evolve or get left in the dust.

>>12382750
That's a very simplistic view. It's easy to imagine scenarios where banks and large companies would want to hold XRP even if they couldn't afford to prefund or go though correspondents before. Particularly if XRP is highly liquid to many different markets and would allow them to pay out on demand anywhere in the world. David Schwartz explains it pretty well in this quora answer.

https://www.quora.com/If-a-large-amount-of-banks-were-to-adopt-xrapid-and-started-using-xrp-how-would-that-impact-the-tokens-value/answer/David-Schwartz-9

>>12379237
>Retards playing hot potato with it.
This is unironically XRPs best use case.

>>12383023
And in the meantime while you fools are waiting for years for "adoption", XRP is dumping 100s of millions of XRP on you late buying retards. It's incredible this doesn't bother anyone. Lol.

>>12384105
LOL XD HAHAH

>>12384378
They sell relatively little and make sure to do so in a way that minimizes impact on the price. What's really amazing is that people aren't bothered by miners printing tokens out of thin air and using them to extract billions of dollars from the ecosystem. That dwarfs anything Ripple is doing.

Banker coin!

Have some damm morals. For freedom and liberty:

https://youtu.be/FeNYjYA2lVg

>>12380254
Are you talking about eferium and its free coin printing ability and all the forks called counterfeiting money?


Yeah eferium is a scam

>>12378136
thanks just bought Ripple stock

>holding infinite supply banker coin
Lmao (laughing my ass off)

>>12384442
>Relatively little

This is the funniest shit about XRP that you don't understand. They just sold 144 million dollars with of XRP last quarter. Does that sound like a little to you? It probably does because the coin supply is OUTRAGEOUSLY high to trick you fools into thinking it's "a little". This is called being dumped on. And where exactly does all that money go? No one knows.

>What's really amazing is that people aren't bothered by miners printing tokens out of thin air and using them to extract billions of dollars from the ecosystem. That dwarfs anything Ripple is doing.

Nice completely irrelevant deflection. Classic XRP cope.

Despite all the xrp fud the fud that got me to sell my stack, ~1mil ripple, was unironically the complete retards on twitter who have no idea what it is or does, attempting to shill their $100 stake in it thinking theyll somehow 10000x out of nowhere and become a millionaire

I just cant associate with poorfag low iq idiots buying it. Henceforth i threw my xrp stack into btc

Btc = Berkshire Hathaway 300k stock

xrp = $1 stock share

I realized im just too elitist to hold a infinte supplt shitcoin

>>12384919
Ouuuhh yess nice.

You realise the more xrp is sold the less is available ?

Banks will use bitcoin, is sound money, and not controlled by chinese

Plese buy mah bags wallstreet. Where is muh etf, where is my recognition

>>12384934
So bitcoin the coin the determines if xrp goes up or down is a shitcoin and xrp isnt? kek USA citizens hold the majority of bitcoin we all knew about it early and bought in early. Just because china’s the biggest miner doesnt mean shit. They’re mining drops in the ocean compared to what we already own

>>12384967
Sure.

What will a 51% attack cost a bad actor tp fuck buttcoin up?

>>12384928
Well, at least you realized this. It's unfathomable that so many people can't see this and they think they are on the "inside". Hahaha.

>>12384928
This guy bitcoins!!!! These fags just want to dump on someone but they hold something no one values.

>>12384934
> You realize the more XRP is sold, the people that are selling it to poor fools like you are getting richer?
So the supply goes down when they sell. Why does that matter? I'll start a shitcoin with 1 trillion tokens. You want to buy 1 million tokens off me for $1 a piece? It's a good deal man. There's still 999 million left. Still almost a trillion dollar market cap!

>>12384928
>infinite supply coin

Again... are you guys talking about eferium with no hardcap? And many forking capabilities to print more money/coins?

>>12385076
It means these shitcoins are centralized or can easily be changed. Maybe not right now but it will.

End of month price guys

>>12385096


Can you provide a livestream where ripple creates more xrp?

>>12385133
Kek think in decades mate. It's a company and has leaders. Just buy what you like man. For me that's btc right now.

>>123851433
Kek

Good luck

>>12384442
>miners printing tokens out of thin air
mining costs money and keeps the network up and kicking you doofus butt pirate