/biz/ - Business & Finance

>>22403681
why tf would they want to create a fork when they have been distributing xrp and building an ecosystem for years?

if they were to create a fork now they would have to do that all again and in current year it is just not viable.

also don't stress in the future you won't need to transfer back to boomer fiat who cares what the price will be, xrp serves a purpose so it will have value.

>>22403681
Only addressing the dropping the bags element of the question: When transactions start flying on an industrial scale the supply is going to be burned. XRP is deflationary. Banks can do the math at that point and understand in X years XRP will be Y.

>>22403681
First of all Ripple is going to be the next central bank. They have positioned themselves this way. Why would they put all this effort into XRP just to make something new and get everyone over to that? Would be a massive waste of momentum.

Secondly, XRP will not be cashed out like crypto has been conventionally. You will be able to swap that xrp for anything. It's the bridge currency and you have the bridge. If one person wanted to buy a car that was tokenized on the ledger, they would use their new DC which would settle in xrp to get the car. If you wanted to buy a car with xrp you'd just use the xrp. You own the asset of all assets.

>>22403928
is the same amount burned for both micro and macro payments? actually curious micro payments are going to massive in the future.

The price of XRP is irrelevant to its usefulness, but higher volume dictates higher prices. Because its an eXchange Rate Peg its doesn't matter. If I want to trade 40 barrel of oil for an ounce of gold, using 40 or 40000 XRP makes no difference. But when you have high volume, the system becomes more and more pressurized. Because if its useful no matter if you use 40000 or 40 XRP, you will end up having to use 40 XRP rather than the 40000 since the demand will eat it up.

Also banks have to use XRP or they aren't competitive and they will go out of business. Banks aren't in control anymore. We are entering a new financial system.

>>22403880
>date] [Auto] No new posts
perhaps XRP is just for the test run, and they will migrate to the fork once all the banks are onboard

>>22403990
I think for micro payments you should look into Stellar Lumens XLM

>>22404504
Let's be realistic, there's an enormous chance this happens. The bet here really is, if you're willing to invest in the chance they wont. I'm hoping they won't and receive a huge return on my investment, but I've only invested what I can afford to lose.

I'm worried that others have over invested and put themselves in potential harm.

>>22404504
>>22404629
Sorry if I misunderstood, but wouldnt that drop liquidity and possibly a huge red flag for new potential investors?

>>22404684
Yes, but XRP isn't meant for your consumer to use, its to provide on demand liquidity for banks switching between currencies, if all the banks have agreed to use the ripple/XRP then what does it matter if the initial investors get screwed.

>>22404629
Wouldn't the coming spark airdrop get cucked by a fork since that is for xrp?

>>22404730
Just to reiterate, it would be a hit to their reputation in the eyes of the public. but Idk how much they care about that at this point.

>>22404730
True for the liq part, but why would any high end company want to screw initial investors and scare off potential new and why would they be sure banks wouldnt screw Ripple at some point, even tho Ripple allegedly distributes free XRP to their initial investors. It just doesnt seem healthy for a high end company in the longterm?

>>22404846
On top of the flair token drop, it doesn't make a whole lot of sense, the true number of people holding xrp is negligible, discounting the number of wallets for obvious reasons. If you asked the general public what crypto was they would say bitcoin, if you asked what the second biggest crypto was they would say "huh?". So to me them migrating to a new currency is out of the question, unleeeessss that's what flair is supposed to be, but even then that's pinned to xrp. My only real concern is other companies getting in the way of ripple and cunty governments

>>22405126
Fully agree with you
I think Ripple is way ahead of competitors, dont think that should be a concern. Big players never put out half finished products, why Flare seems like the product started rolling out imo
Do you have any opinion on Stellar?

>>22405409
I'm not in it but from what I've seen it's supposed to be a micro / consumer version of xrp, the whole Jeb connection is interesting but I'll have to research it more before I make a proper decision

XRP 2K EOY is FUD
We're really looking at 2MIL EOD
You literally only need ONE single XRP to make it. That's 25 cents right now. Hold a single XRP coin and you'll be a millionaire by 2030.

Remember XPR is designed from its inception to be scalabale specifically to hold such value

XRP = ALL OF THE MONEY
Payments is just the first step
This is spiritual transcendence
Evolution into total digital-human reality
Internet of value is depeer than you think
Global networkof instant value transfer

Of course you can make it much sooner with a larger stack, cause 2K EOY is real.
CBDCs connected bridge asset, instant cross biorder payments. You know.
IYKYK

Lol at all payed ripple shills here. At least pretend you are on 4chan. Nobody here discusses like that

>>22405909
Sounds good, bought 1 (one) xrp.

>>22405867
Stellar is pepsi to ripple's coca cola - controlled opposition, duopoly

>>22405867
>>22405939
Im also starting some more research about it, but seems a nobrainer if youre investing in Ripple imo..
Yeah like visa and mastercard, xrp and xlm
>>22405916
You dont have anything to contribute, but you need atention, so here it is, a (You) fag

>>22405939
>>22406009
I might as well throw some into it at it's current price, what are the projected returns? seeing as 2k ripple is viable given it's relation to banks

>>22406112
Well, as its also an iso20220 coin, and has its own purpose in the grand scheme, and has some competition out with kinda working products and real world usage, it wouldnt be far stretched to see it in range of $20-$200 imo, all those iso220 family coins have been eerie silent and stable just as xrp.

The Jews already own Crypto.
Look at all the surnames...
its fight out betweent he chinese and the Jews.
Sam Bankman Fried... Winklevoss, Draper, Novogratz... All Jews! The list is long, I can give yu 100 famous blockchain names. The jews own the blockchain Kampen fur die Freiheit.

XRP is forkess. Their proof of consensus algorithm is nearly perfect. Over 140 nodes distributed all around the world and they love it

>>22405939
I agree, also XLM will moon later than XRP, so the smart play would be to invest some of XRP gains into XLM.

>>22407313
What makes you think that? Ripple has the major consensus, imo xrp moons last from iso family, last position helps for the fomo shakeout aswell

>>22407467
XRP will be the bankers coin, while XLM will be the pleb coin if you will.
Because of XRP burn rate, XLM will be used by commoners, and it's inflationary as opposed to XRP.

>>22403681
then 100% of crypto currency is fucked, unless you have anarcho-capitalist fantasies

>>22408510
I have a feeling that will be the case in the end.

Somehow I cannot reconcile the idea of these financial elites suddenly growing a conscience or a brain tumour and deciding to start sharing their wealth and influence with a bunch of basement dwelling neck beard man-children who bought the future world reserve currency for pennies on the dollar on a shoddy chink crypto exchange.

>>22408208
Good point. For the sake of clown market, il bag some XLM beforehand
>>22408510
Well, its a zero sum game, someone has to lose

>>22408576
Why would the ‘financial elite’ care? A few thousand nobodys are no threat to them. They have hundreds of years of wealth, connections and intermarrying. We wouldn’t scratch the surface.
On top of that, have a think about the US and the ‘American Dream’. I have some US friends. They’re a couple living in London and even those two - wretched liberal fucks that they are - believe that the US is different because of the American Dream. It’s pure, unbridled fuckwittery. They measure the ‘American Dream’, the ability to pull yourself up by the bootstraps and live a better life. It’s called socioeconomic mobility and the US is pretty much bottom of the league. Yet the idea persists because it’s sold by the elite. It’s Hopium for the masses. A few thousand new millionaires would serve the game - ‘look at the guys, they got rich, so can you; our system works. Now be good plebs and get back to waging until you make it too’. Letting a few through will calm the rest in a time of potentially great upheaval.