/biz/ - Business & Finance

They want the collapse of the dollar and think that XRP will be what is used as currency. They are quite literally insane

imagine bag holding an asset for 2+ years that's done nothing but go down, you'd be ready for a pump too

>>17975253
Lmao

WE
ARE
ALL
IN
THIS
TOGETHER

When you’re so blueballed a gentle breeze makes you cum in your undies

>>17975066
As an incredibly bullish XRP holder it's because the majority of the people in the crypto space (which extends to XRP) are complete and utterly retarded.

>>17975223
No you idiot. People know that it will be a global bridge currency. No one thinks it will replace the dollar, not even the most stupid people in the XRP community.

>>17975358
Hope you're ready for the BoA announcement anons.

>>17975066
It's BSV.

Sorry fags. The reason they don't mention it by name, is because everyone is under strict NDA until it's unveiled to the masses.

It's the only blockchain that can serve the global economy at scale.

If you know, you know. All happening behind the scenes. Seething shills will attack me with low quality ad hominems and other trash, but they all know it's true.

>>17975481
>It's the only blockchain that can serve the global economy at scale.
You are either stupid because you have no idea what you're talking about, or you're stupid because you post stupid bait. Pick one.

>>17975481
>If you know, you know.

>>17975534
it is the only scalable functional blockchain
XRP doesn't even have mining or proof of work

>>17975481
It's really poor bait.
Private rooms can be rented out in the House of Lords.
It's not surprising that there isn't a hint of any large enterprise or bank adopting BSV, but news is leaking all the time about XRP.
There is going to be one clear winner here and it isn't creg.

>>17975729
Why do you need either?

>>17975066
you are nothing short of heartbreakingly pathetic

>>17975729
Thank you for proving my point. Proof of work is incredibly inefficient and doesn't scale. It's also less secure. But anyway proof of work isn't required for it to be a blockchain.

>>17975534
XRP is not even a blockchain fucking brainlet

OH NO NO NO

>>17975883
proof of work is literally the mechanism which makes a blockchain trustless by making it Byzantine fault tolerant
it's also the most efficient use of electricity to secure a network imaginable
it also scales perfectly well
you have no idea what you're talking about

>>17975786
proof of work and mining are what makes the network secure
the security model of Bitcoin is economic in nature, i.e. it works by making attacks against prohibitively expensive, as well as self-defeating
the alternative cost of having to spend money on electricity, manpower, equipment, maintenance, etc., to generate partially inverted hashes, is in fact the reason Bitcoin is valuable to begin with
https://nakamotoinstitute.org/mempool/the-proof-of-work-concept/

>>17975923
This is genuinely like say something stupid like the "Eiffel Tower isn't in Paris". You are just incorrect.

>>17975933
Yeah but it's easily susceptible to a 51% attack. 70% of the mining power is CENTERED in 4 mining pools in China.
Proof of work doesn't scale because of the extremely low TPS for every proof work crypto and the long time you have to wait for transactions to settle. Bitcoin and Ethereum had ridiculous transaction costs and transaction times at ATH (and even in the recent sell off). This was with less than 1% of the population being in crypto.

>>17975933
>it's also the most efficient use of electricity to secure a network imaginable
Are you sure about that?

>>17975969
>proof of work and mining are what makes the network secure
>secure

>>17976043
yea im sure the miners who spend millions on real estate and asics for long term profit with razor thin margins are going to come together and crash their own network

>>17976043
>Yeah but it's easily susceptible to a 51% attack. 70% of the mining power is CENTERED in 4 mining pools in China.
it's not easily susceptible to that at all, since such attacks, while theoretically possible, are economic suicide
also, as soon as Bitcoin becomes more valuable, there will be large mining operations in every developed economy in the world, with any single actor very unlikely to control more than 5% of the hash rate on its own
>Proof of work doesn't scale because of the extremely low TPS for every proof work crypto and the long time you have to wait for transactions to settle.
proof of work has literally nothing to do with throughput, sounds like you don't even understand the basics of Bitcoin
throughput is determined by the blocksize, and it's fully possible to have gigabyte blocks already, withing 5 years at most there will probably be terabyte blocks on the Bitcoin network
also, waiting for transactions to settle is not an issue at all, since
1) for daily usage, double-spending would be very rare, and businesses already take things like credit card fraud into account, and with Bitcoin it would be traceable, so much easier to track people who did try it
2) businesses can very easily be in touch with miners and their mempools, and thus have ways to accept completely secure 0-conf payments (secure as in, again, more secure than current fraudulent payments)
>Ethereum had ridiculous transaction costs and transaction times at ATH (and even in the recent sell off).
yes, ETH is a dysfunctional shitcoin which doesn't scale at all, I don't disagree with that

>>17976059
yes
again, XRP doesn't have mining or proof of work, so no idea what your point is, it's no different from the current fiat system
>>17976076
yes, secure
first of all, you theoretically only need 3 actors in coopetition with each other for the network to be secure
secondly, even now when some actors control a large amount of the hash rate it would not be even remotely in their self-interest economically to attack the network
thirdly, as soon as more people start actually using the Bitcoin network, mining operations will take place in all the developed economies of the world, likely hundreds of data centers each controlling roughly a percentage or less of the total hash rate, with the biggest actors unlikely to control more than 5-10%

>>17976043
IMAGINE THIS COPE HAHAHAHAHA

XRP IS NOT A BLOCKCHAIN

I REPEAT

XRP. IS. NOT. A. BLOCKCHAIN.

IT'S A CENTRALIZED SHITCOIN GARBAGE HEAP, AND YOU SHOULD BE EMBARRASSED TO EVER MENTION IT IN ANY SERIOUS DISCUSSION ABOUT BLOCKCHAIN TECHNOLOGY

>>17976150
exactly
>>17976204
indeed

>>17975481
>If you know, you know
LMAO

>>17976150
The point is that it's not decentralized and anyone with a lot of money can come it and bring down the network. This is not suitable for a largely used global currency, no matter how "unlikely" you believe a malicious attack would be. The point is that no one should have that power and no one will because proof of work will die in a few years.

>>17976155
>it's not easily susceptible to that at all, since such attacks, while theoretically possible, are economic suicide
Well at the moment these 4 mining pools in China don't need to spend any extra money in order to collaborate and double spend. These attacks are more than "theoretically possible".
>there will be large mining operations in every developed economy in the world
You hope. There is no reason to believe that things will significantly change. Why not just move to another more secure network that actually scales? Why not just move to a network where this isn't even a potential problem?
>proof of work has literally nothing to do with throughput. throughput is determined by the blocksize, and it's fully possible to have gigabyte blocks already, withing 5 years at most there will probably be terabyte blocks on the Bitcoin network.
What do you think the reason is for 10 minute block creation time? Get rid of proof of work then this radically decreases.
>also, waiting for transactions to settle is not an issue at all since
You know nothing about finance if you think that settlement times aren't an issue.

>yes, ETH is a dysfunctional shitcoin which doesn't scale at all, I don't disagree with that
And the irony is that it scales better than Bitcoin.

>>17976200
>again, XRP doesn't have mining or proof of work, so no idea what your point is, it's no different from the current fiat system
Apart from the fact is uses blockchain and is completely decentralised (much more than BTC and ETH). Proof of work is not needed for blockchain nor is it needed for decentralisation.

>yes, secure
Look at the picture. It cannot be secure being that centralised and controlled by unelected miners. It's also easily susceptible to a 51% attack.
You can be secure by having proof of consensus just like XRP while having access to faster settlement times and better scalability.

>>17976204
Bait.

The fact that no ones has commented on these just proves you want to stay poor:
>>17975358
>>17975377

Literally LINK, no other piece of technology comes close.

>>17976419
>Well at the moment these 4 mining pools in China don't need to spend any extra money in order to collaborate and double spend. These attacks are more than "theoretically possible".
again, it would be economic suicide for them, you don't understand the economic incentives securing the network at all
>You hope. There is no reason to believe that things will significantly change. Why not just move to another more secure network that actually scales? Why not just move to a network where this isn't even a potential problem?
there is no more secure or scalable network than Bitcoin, it's the most secure model possible, and scales perfectly well
>What do you think the reason is for 10 minute block creation time? Get rid of proof of work then this radically decreases.
there are numerous reasons for that, precisely zero of which have anything to do with throughput, please learn how Bitcoin actually works
>You know nothing about finance if you think that settlement times aren't an issue.
I'm actually extremely knowledgeable about finance, and understand perfectly well why a 10 minute block time is not a problem in any way, as I've already stated 0-conf is already more secure than Visa by taking a few seconds to check with miners, just like the few seconds it takes after you've entered your PIN to pay with your Visa card today
>>17976491
>Apart from the fact is uses blockchain and is completely decentralised (much more than BTC and ETH). Proof of work is not needed for blockchain nor is it needed for decentralisation.
it's pointless to use a blockchain when it's not secured by proof of work, other than in a few niche cases where you actually want to model your database like that, but the entire point of Bitcoin is for it to be used economically and actually provide Byzantine fault tolerance, and thus trustlessness
XRP is not decentralized at all
Bitcoin on the other hand is fully decentralized, like I've already said 3 actors in coopetition is theoretically enough

BSV works in 4 dimensions and can run paradoxes on the network. Everything else is a fucking stupid joke.

>>17976609
>again, it would be economic suicide for them, you don't understand the economic incentives securing the network at all
We're going around in circles on this point so I think we'll just agree to disagree.
>there is no more secure or scalable network than Bitcoin, it's the most secure model possible, and scales perfectly well
Almost every shitcoin is more scalable than bitcoin. It has one of the lowest TPS, very bad settlement times and costly transactions. Some, like XRP, are even secure and even more decentralised.
>there are numerous reasons for that, precisely zero of which have anything to do with throughput, please learn how Bitcoin actually works
Please learn how Bitcoin actually works. See I can do it too. Anyway I'm not talking and Bitcoin, I'm talking about PoW in general. I never said the block time caused throughput and I have no idea why you worded your response as if I had. The 10 minute blocktime absolutely contributes to TPS, but no there are other more significant factors. Please learn how Bitcoin actually works.
>I'm actually extremely knowledgeable about finance
Lol
Then you would realise that a small settlement time is essential. If you can't even understand this than we have nothing more to talk about.

>it's pointless to use a blockchain when it's not secured by proof of work
>XRP is not decentralized at all
No. XRP literally proves you wrong time and time again. Ripple controls less than 20% of the validators, and an attacker would need to get above 80% of the validation power. With bitcoin and other PoW cryptos you already have mining pools above the 51% margin. This is less centralised and less secure whether you like it or not.

>>17975358
That is the fakest most shopped piece of shit image I've ever seen before. If you've ever seen it and believed it, then I suppose you do deserve to hold XRP

>>17976818
*I never said block time was caused by throughput

>>17975729
Why wouldn't they use a DAG instead, like Ftm or HBAR?

Ftm has government connections already in the middle east, as well as their client Xar work with central banks already.

>>17976852
It was from Alex Cobb. Multiple XRP youtubers and twitter accounts go this. Stay poor.

They are the ones who bought the top in 2017 and turned out insane.

>>17976894
Sure thing bud. How heavy are those bags of yours? KEK you wanna know how I can tell you bought over $1?

>>17976872
Sure I like HBAR a lot. But the difference is that they not only are they going for different use cases, but it's not just the ability to scale and TPS. It's the scalability in combination with liquidity and partnerships. Once you reach a certain point with transaction time, costs and TPS then liquidity and actual utility matters a lot more. XRP is the only one out of those which has a powerhouse like Ripple which pays Moneygram to provide liquidity in inefficient corridors in order to allow the bigger players (banks) to start to be able to using XRP for cross border payments. XRP has years of a headstart over HBAR or FTM.
https://utility-scan.com/#/dashboard

Ripple also have strong connections banks all over the world, and not just limited to one geographic region.

>fucks you in the ass

>>17976957
I first bought in at the end of 2018 at around 33 cents. I've loaded my bags significantly since then. Probably an average of around 25 cents.

But also, not an argument. Screenshot this.

https://www.youtube.com/watch?v=nZarB1gIQMw

>>17976997
>Ripple also have strong connections banks all over the world, and not just limited to one geographic region
Sure but so does fantom. They have central banks in South africa, governments in Afghanistan, banks in Japan, and that's just what's been leaked.

>>17977039
>"Hey it's theoretically possible that we cou-"

>Did you say you were going to launch a CBDC on ripple?

>"No that's not wh-"

>GUYS CBDC'S RUNNING ON RIPPLE

Crypto is pathetic. Watch the Bank of America thing become yet another nothingburger.

>>17976957
Bank of America will announce that they are using XRP through ODL for interbank settlement. This announcement will occur within a couple of months, and maybe even before the end of the quarter.

>>17975066
There is always tons of news about Ripple but not a lot about XRP itself. It’s pretty common knowledge that Ripple doesn’t need XRP to earn profits but if they can use it in conjunction it would be pretty terrific. I hold around 5k XRP I got cheap but I have to admit I wonder if it’ll ever go anyplace.

>>17977045
No, it's nothing when compared to Ripple. It's not even worth my time debating this. Just DYOR.

>>17977061
I have no idea what you're even responding to but you are wrong. BoA will use XRP.

>>17976204
Why would he mention XRP to the hoi polloi and ramp the price before the flippening? Think about it. You guys have no sense of strategy and PR.

>>17977136
>I don't have a counterargument, so I'm just going to tell you to DYOR

I have and I hold exactly 0 Ripple for that reason. I do have over 1 million fantom however. Let's see who's right in the coming days.

>spoiler alert, it's me.
Please Screenshot this.

>>17975066
Becuz they got crippled

>>17975066
It's the only thing keeping them from roping themselves

man, /biz/ decided a long time ago that they wanted to hate xrp. even when retards like digital asset investor and alex cobb become billionaires. /biz/ will still hate it.

there's no point in helping them OP. just be glad you have a bag and leave this forsaken place

>>17977126
>There is always tons of news about Ripple but not a lot about XRP itself.
What is good for Ripple is generally good for XRP. Ripple at first had a problem with convincing banks to use a cryptocurrency because it was a dirty word for them back then. Ripple then creating a payment system that didn't require (but has the option for) XRP usage. This gets them onto Ripplenet and over time they will move onto ODL and start to actually use XRP. We still need to wait for regulations and liquidity to build up before real utility actually happens.

XRP is the only thing that differentiates Ripple from any other company. XRP offers instant settlement and liquidity for those who use it without locking up capital. This is not possible for the standard Nostro/Vostro account system.

I really want to emphasise that Ripple is nothing with XRP. It is their only competitive advantage.

>>17977202
Proof of concept is not the same thing as actual partnerships. Ripple has already announced 300+ banks and financial institutions on Ripplenet and recently leaked 450+ on their website.
Not to mention the connections with IMF and the FED.

>>17977242
I’m hoping you’re correct, fren. I won’t dump my bags for sure, I’ll hodl what I have and have been considering doubling up. I’m also curious what’s gonna come from the lawsuit.

>>17977277
>Ripple founder used to sell pipebombs
>got caught steal from Mt. Gox
let's say you're right and it is Ripple. You think the American people are going to let that happen? You think Ripple can pass due diligence? You actually think you have a chance considering all the shit Ripple has done in the past? I don't. I think you guys are getting smoke blown up your ass and begging for more. But have fun OP, hope you don't get exitscammed.

>>17975066
>they excited over EVERY SINGLE governmant announcement. And none of them namedrop Ripple at all
because all XRP shills bought the fucking top, ngl it's one of the best crypto bullrun i've ever seen.

>>17977420
What are you talking about? Ripple have already passed due diligence. They're literally the most regulatory compliant crypto company today. They've literally got lobbyists in DC and had meetings with both Jay Clayton and Steve Mnuchin. You are also ignoring their work with central banks with the BoE and their connections with the FED and the IMF.

And what you talking about when you say "all the shit Ripple has done in the past". You mean the things that Ripple has actually done, or the shit that BTC maxies make up to shit on their closest competitor?

>>17977277
>MUH PARTNERSHIPS
until those "partners" scrutinize the entire thing and left that project in the gutter

>>17977420
>You think the American people are going to let that happen?
HAHAHAHAHA as if what they think matters in the slightest!!!!! the banking cabal has all the say. wew lad, just for that I just bought more XRP

In the past 5 years I have never seen such a cult as XRP. These mofos are worse than the Japanese army in ww2. On top of that, most of them are quite left-wing. (coincidence?)
Even if XRP gets adopted by the world it will be a shitcoin. Holding a token that is actively dumped on you by billions is just ridiculous. Whatever you say to them they just spin it around and make it sound bullish. Also, 99% of xrp twitter fags have fake profiles with obscure boomer-tier meme profile pics to the point that we can make an boomanontwitter.

If XRP is a shitcoin why is there a 60 reply thread about it? Just shut up and stop bumping this thread. XRP doesnt deserve the attention.

>>17977625
See this is exactly what I mean.

>>17977526
>>17976894
>>17975481
>>17975358
PUBLIC SERVICE ANNOUNCEMENT

DO NOT BUY XRP. IT IS A SCAM. SHITCOIN SCAM. DO NOT LISTEN TO ANY OF THESE SHILLS.

BUY ANY COIN IN CRYPTO. JUST NOT XRP. STAY THE FUCK AWAY FROM IT. IT'S A SCAMCOIN.

SELL YOUR XRP NOW.

>>17977528
You mean these banks and financial institutions don't care about XRP? Ok. See you in a year.

>>17977607
Ripple sells a fraction of XRP when compared to Bitcoin and ETH miners. The money that Ripples gets then goes to expanding the ecosystem and not towards electricity bills and cocaine like the miners.

Update your FUD.

>Even if XRP gets adopted by the world it will be a shitcoin.
Stop being tribalistic.
>Also, 99% of xrp twitter fags have fake profiles with obscure boomer-tier meme profile pics
I agree. Most of the XRP community are boomers and are completely insufferable.

>>17977625
Because I have like half the replies.

Anyway I'll be sure to come back to /biz/ when BoA gets announced.

>>17977277
>Ripple has already announced 300+ banks and financial institutions on Ripplenet and recently leaked 450+ on their website.
Not to mention the connections with IMF and the FED.

imagine still not buying ripple after being spoonfeeded this much. some pole cant be helped. they rather spend their moneys on some fancy iniversity startup instead of XRP

>>17977711
>>17977607
you must be scared. really scared.

wonder why XRP gets always attacked so bad.

>>17977856
It's cringe that people still get suckered into buying it. It's a useless cringe coin that will fall out of the #3 slot at some point and then fade to obscurity.

Xrp is a shitcoin and will only be going down this year. It's a centralized shitcoin. Never understood cultists devotion. Buy BSV instead, the true King. Ripple doesn't use XRP, it's just a funding tool, nothing more. Pay it no attention.

>>17975066
Suterusu is the next XRP. Change my mind. Oh wait, you can't, because it's true. Based Asians will revenge pamp on your ass. We will pump quickly off the floor, leaving most investors in FIAT.

>>17977856
Dude, idgaf about xrp price. If it goes to $1000 good for you. It gets attacked badly because its cult base is so loud. It reminds me of OMG and XVG fags here in 2017. Or maidsafe in 2016-2015. Or even fucking Namecoin in 2014.

>>17978037
The cult base is practically non-existent on /biz/ and even reddit hates it. No idea what you're talking about.

>>17978119
You're hilarious. I wish I'd been screenshotting the posts from November to a month ago.

>>17975066
Its kikes larping as q anons

>>17977856
Because you fucking blaspheme the United States of America with false symbolism, shutting on George Washington to shill your 2017 crypto banker coin. You fucking kikes are evil and just awful.