/biz/ - Business & Finance

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>>25530340
This is unironically bullish for XRP you retard

>>25530340
Man, there is no hope for you

>>25530394
XRP was supposed to be the virtual currency and they got BTFO by USDC

>>25530340
I am 0.067 IQ
Please spoon feed me why this is bad for xrp
Also, what does this mean for crypto as a whole
Bullish? Bearish? Bullshit?

>>25530453
Not really i doubt you have done serious research

>>25530433
XRP IS A STABLECOIN NOW? HAHAHAHAHAHAHAHAHAHAHAHAHHAAHHAHAHAHAHHAHAHAAAHAHAHAHAHAHAHAHAHAHAAHAHHAHAHAHAHAHAHAHAAHAHAHAHAHHAHAHAAHAHHA

This explains the eth pump. Insiders have been buying in. $5k eth be the end of the month.

>>25530453
>>25530340
XRP is made to be the neutral backing to CBDCs. This is the most bullish news possible for XRP. Research ISO20022 and the INATBA quickly or live to regret that choice.

>>25530501
fud
try 20k eom

>>25530497
Stable 2K dumbass

>>25530521
>you need an intermediary between stablecoins

LMFAO. THIS IS HILARIOUS. THE COPE

>>25530501
Holy shit it's about to get wild

>>25530570
Do you how banks get liquidity for crossborder payments? Just curious

>>25530570
Between CBDCs from different nations. This is extremely obvious. It could be something like JPMCoin, but banks other than JPM don’t want to use it, as they are competitors. XRP is the neutral bridge. A level playing field. It is what it is, hope you can put your emotions aside.

>>25530340

>>25530497
>>25530570
Talk about rent free. Stablecoins = CBDCs and CBDCs need interoperability.

>>25530646
>>25530665
You don’t need nostro vostro accounts for stablecoins LMFAO. XRP usecase has been entirely cut out. It is fucking over for XRP. There is no twisting this news.

Fud bros? Why did they describe XRP in the 4th tweet? I don’t feel so good fud bros...

>>25530521

XRP is made to be dumped on people. XRP doesn't do anything.

>>25530714
What? You didn't answer thr question

>>25530340
Bullish for xrp you absolute reject lol

the fact that xrp is not dumping to zero on this news is a testament to just how dumb they all are.

>>25530770
XRP is not a stable coin, it is pegged to nothing. Although it tries to be a stable coin with the Ripple Inc dumps and Jed payouts.

>>25530770
You missed spelled xlm.

>>25530491
US govt gave the seal of approval for banks to use USDC on Ethereum
it's overall bullish, but remember: any government decision like that has insiders. historically every positive US government decision was priced in by the market in the previous 2-3 days. the ETH pump from $770 to $1150 fits the timing to a T

Ignorance is strong in this thread

>>25530770
So we're all about to become absurdly fucking rich then, no matter what shitcoin you throw a few dollars at?

>>25530340
na banks are still gonna use poo token for hundreds of millions in settlements , theyll get their ex are pee then sell it on market to get stable coins

Do cripples ever get tired of being spat in the face by the nwo bankers they constantly simp for?

>>25530992
Oh ok, so we’re gonna use chainlink to transfer value to Japan through distributed ledgers? I can’t wait for Japan to accept USDC, we’ll have digital Nostro/Vostro inside chainlink

>>25530521
https://youtu.be/0aBu4tGI9QQ

>>25531119
Top is from Ripples website. Bottom is from the OCC tweet.

>>25530497
Why do you retards think stable coin automatically means $1?
Do even know the definition of ‘stable’ you could have a $1m stable coin if needed

Coin not needed
>>25530770
Coin not decentralized

>>25531202
Lmfao what more do these retards need to see. There is one guy on Twitter thinking this latest regulation was for rsr lol

>>25531202
Remember the fucking six centilion.

Never. Fucking. Selling. My. XRP.

>>25531202
:o

>>25531202
B-bros..... I thought you said chainlink

>>25531234
Holy shit lmfao. He actually thinks XRP is a stablecoin now.

Z

>>25530340
>>25530453
>>25530570
>>25530795
>>25530497
>>25530714
>>25530992
>>25530867
>>25531182
>>25531262
XRP, a open sourced, decentralized, permission less blockchain which is attempting to replace swift has finally been given the go signal and you fuckers are still confused? This is the most bullish news for XRP yet. Not because we think its a fucking stable coin but because XRP is what is needed to provide liquidity to the currency markets which will be emerging in the crypto space now that stable coins are being pushed into the global financial infrastructure. XRPL is the key for CBDC and stable coin interoperability. None of you gonna make it.

>>25531202
>he actually believes you need an intermediary between two stablecoins and that it would be XRP

The cope and delusion is reaching a fervor. You morons are about to miss the greatest bull run crypto has ever seen.

>>25531436
Yes, you do need a intermediary supranational currency to help mediate the liquidity issue global markets inevitably face. https://en.wikipedia.org/wiki/Bancor

>>25531436
I know right? I’m pretty sure they’ll use USDC in China. Why wouldn’t they?

>>25531364
Keep stacking your shitcoins retard, I used to be you back in 2017 and got rekt. Enjoy it.

>>25531499
that was before digital computers even existed, let alone the internet and blockchain
>>25531318
what was the mcap of btc at 22 cents? holy shit dude lol
>>25531202
those are the three biggest buzzwords of crypto, they’re on every project... and XRP is none of them

>>25531539
They already have their own stable coin. Called the digital chink or something

>>25531499
>>25531539
They’d have plenty of liquidity against each other retards. I cannot fathom how you think going USDC-XRP-DYXN makes sense. It’s going to be USDC-DYXN with an extremely deep forex market.

IT IS OVER. IT IS. THE SEC IS DISMANTLING YOU, BANKS NEVER USED YOU, BANKS HAVE ENTIRELY CUT YOU OUT, YOU PAID FOR EVERY PARTNER AND THEY ALL SAID IT SUCKED.

>xrp
>decentralized

>>25530497
yep it's value is set at 0.20 cents

>>25531648
The guy literally tweeted the picture with xrp on it and the iso20022 coins. Man you know what you can just stay poor we don't care about you seething and roping.

>>25531648
Yes, plenty of liquidity. Thanks for the hopium bro

the fact that xrp hasn't started mooning right now is a bad sign for xrp holders.
bad sign.
another bad sign.

>>25531648

>>25531415
seethe more schizo
your coin is still the same price a year ago while everyone else is up 400%.
banks will never use xrpee. why would they want to hold a shitcoin that keeps on dumping?

>>25531713
>ISO MEME

YOU CAN LITERALLY BUY THEM. THEY MEAN FUCKING NOTHING LMFAOOOO. ISO IS NOT A GOVERNMENT ORGANIZATION AND HAS NO AUTHORITY.

YOU XRP FAGS FALL FOR THE MOST BRAINDEAD SHIT FUCKING LOOOOOOOL

>>25531772
Right? Even when they fud they spread good news

>>25531415
>permission less blockchain
>needs to be added to the UNL
>>25531364
kek

>>25531648
Imagine paying forex fees when you could pay .00001 xerpie for a transaction.

>>25531415
I seriously hope you buy more.

>>25530521
Delusional. Banks will not want to hold a shitcoin that keeps on dumping.
>>25532035
who the fuck will provide the liquidity retard? No one's giving you money without wanting at least a 0.1% premium. also no liquidity provider wants to hold a shitcoin that keeps on dumping like xrpee

>>25532223
>he's never heard of arbitrage

>>25532403
arbitrage only happens when there's shit liquidity. with really good liquidity prices are the same because tons of autists and their programs update prices every millisecond. also no fag will buy xrpee off coinbase and then pay like 0.5% in fees then sell it to some boomer bank.

>>25530433
I was going to ask if you're actually this dumb, but then I realized you're probably fully invested in XRP.

>>25531415
>decentralized
LOOOOOOOOOOOOOOOOOOL

I bought some XRP niggaz. 8.6k or so

>mfw xrp is pegged to the price of an oz of gold

X
RIP
P

>>25530340
this is legit bullish stop regurgitating shit ur told on /biz/

>>25530497
It says public blockchains AND stablecoins, not just stablecoins.

>>25533967

XRP's sole advantage over almost literally any other blockchain was its supposed regulatory edge.

Now it's official that anything can be used. Guess what banks will prefer? Stablecoins, so that when you send $10,000,000, $10,000,000 arrives at the other end.

>>25531856
Yes. You can buy an ISO, but first you have to pass the standardized test. What exactly are you trying to prove? You’re a fucking retarded nigger. Every manufacturing company pays anual for an ISO certificate so they can legally maintain business. Kill yourself.
BTW, ISO is a global standard. I worked for a medical company and they paid around 300k a year for 2 ISO certificates.

>>25530340
AHAHAHHAHAHAHAHAHAHAHAHAJA THEY ARE MORE RETARDED THEN CHAINLINK HOLDERS HOLY FUCK HAHAHAHAHAHHAHAHAHHAHAH

>>25534098
Honestly, I don't see how this benefits any of the coins we trade.

>>25534098
Sooooo slowwwwww

>>25530340
How is XRP neutral? Isn't it controlled by Ripple? A private company?

People are going to go from USDC to XRP to BritishPoundCoin?

I don't get it. If the bank can settle the transactions, then, why a middleman? For instance, on an exchange I can simply trade any coin with any other coin. Liquidity providers provide those two tokens. There are no other tokens or chains involved. Why does XRP need to force itself in?

>>25534187

You know how stablecoins are inflating the big coins? All regulatory uncertainty about them has now been removed. You'll see banks now starting their own stablecoin exchanges and dumping billions into crypto.

>>25534195

Did you know that, since it is no longer 2013, there are actually other blockchain projects than XRP and BTC?

>>25534344

Exactly.

>>25534344
meant to be a reply to
>>25530665

>>25531202
wow never heard of any other projects describing themselves with the three most common terms in crypto

XRP 2K STABLECOIN

>>25534371
what do u think about xlm

>>25534371
So banks are just going to pump and dump Bitcoin even more?

Bullish for ALGO, load your bags.

>HAHA ANYONE CAN BUY AN ISO
yeah and anyone can file a patent application.

>>25534344
What the fuck do you think happens behind the scenes when you do this? Holy shit do linkies really?

can you believe the fudders were right all along
all banks were interested in was xCurrent, never xRapid
>muh flip the switch
>muh ODL
YOU GET WHAT YOU DESERVE

>>25530340
All the XRPtards are all celebrating thinking this is their grand slam moment. This is is massively bullish for XLM because they are working with USDC and basically every other crypto except XRP. The Ripple army only enlists the dumbest recruits.

>>25534533
>he doesn’t understand RippleNet and interledger protocol
Oh no linkie why would you post this? Next you’re gonna ask what open source means

>>25534344
They won't. This is the move to topple chinese control. Watch Stripe absolutely moon.

>>25534344
in theory some pairs are not as liquid as others, so you would need a 3rd intermediary asset. ex: want to trade xyz large amount of rubles for pesos, not enough liquidity for pesos to rubles to have my order filled, but xrp to pesos highly liquid hence i do rubles -> xrp -> pesos. other usecases would be simply holding a neutral asset to hedge against currency instability. of course this is not a usecase exclusive to xrp i must admit

>>25534476
>So banks are just going to pump and dump Bitcoin even more?

Yes. We had a dot com bubble, and then a housing bubble, and now a stock bubble, and allah willing, we're at the beginning of the Bitcoin bubble

>>25534456

It's just Less Bad XRP. The token burn was cool and all, but why would any bank use a third-party volatile token, where Jed owns a huge chunk of the supply, when they could just deploy a stablecoin like JPM and not make other people rich

>>25534654
>of course this is not a usecase exclusive to xrp i must admit

That's the key. XRP was unique in 2014. It's just a generic shitcoin now, except one with absolutely godawful tokenomics that ensure no big money will ever want to use it

>>25534138
>300k
Jeez

>>25534526
If you can explain it to me, I'll listen. I'm legitimately confused. Nor do I think this is a simple concept for people to understand, and it's obvious this board isn't the "in" crowd.

As far as I know a liquidity pool for a transfer of two tokens requires two tokens. Not three.

Take Uniswap for example, I can provide liquidity between trading pairs. But there's never another token that has to be involved, much less involved in every single trading pair. There is never an extra coin that's needed for liquidity.

All of this news just seems to me like banks can custody digital assets, thanks to Brian Brooks, and now they can use the blockchain if they want, thanks to Brian Brooks. I don't even see where XRP comes in. And aren't they being sued as a security? Why would the gov do that if it's just supposed to be a neutral settlement ledger?

>>25534654
Yeah so they will go from DMXN-USDC(or other more liquid pair)-DBP


Banks are literally never going to use XRP, EVER. It makes zero financial sense and zero operational sense.

>>25534654
Yes but aren't liquidity providers incentivized to exist financially? When/if these transactions become ubiquitous enough, do you see the need for a middleman?

Maybe temporarily until enough liquidity is built?

Hmm. It's over my head. Also, I highly doubt CBDC's will use a blockchain lol.

>>25534893
You are correct. It makes absolutely no sense financially or operationally to use XRP. You are thinking through it logically, XRP shills do not think logically, they create narratives to support their bias.

CBDCs will be easily exchanged for eachother, no middle man token needed for 95% of trading volume. For the other 5% they will use the US CDBC or Chinese CBDC because those will be the most liquid pairs. XRP does not fit anywhere into this model

>>25530433
>>25530521
>>25530856
>>25531318
>>25531415
>>25534453
Stop trying to rewrite history, cRipples, we all lurked your general too. Your scenario was that "the switch will be flipped" and XRP was going to be the only token allowed by the Illuminati and the grey aliens for intrabank transfers.
The switch was flipped, but explicitly to deny you your monopoly "But we'll get to partake in bank transfers too!" means dick when better stable coins, not to mention Big Daddy BTC which will probably be used anyway because that's the name everyone recognises, exists.
It's over. You lost. The Reptilians aren't going to save you. Just admit that you made a bad bet, cash out while you're still legally able to, and go BTC. I'm not even a BTC Maxi, but you need to park your money in an adult coin and think about what you've done.

>>25531415
How's the bull run treating you bruh

>>25534893

XRP retards are literally stuck in 2013, when XRP was an interesting concept

Now, it's a shitcoin that doesn't do what almost any other shitcoin does. Except this particular shitcoin is ultra-volatile and the majority of the supply is owned by a third party

Good Lord, Jed has 9 billion XRP. $111 XRP would make him the world's first trillionaire. How likely is this?

>>25535108
Eternally BTFO’d, but nevertheless, queue the schizo wrath in
>3
>2
>1

>>25535108
Lol, do you have a twitter, I would follow you that was very amusing. So many little subtleties in the post. You even distinguished as the *grey* aliens. I remember them being referred to as the "greys" all the time lol.

>>25530340
OP you're a special kind of retarded

>>25534893
Jesus dude. You really don’t know anything about what you’re talking about. And I’m really not going to sit here and correct you, just go ahead and think what you want. At least look up Nostro/Vostro accounts, and look up what the role of the US dollar is. Then actually try to understand what the fiat currency system is. The world financial system isn’t going to run like uniswap. Banks aren’t going to be burning ETH to make cross border payments. Here. I’ll help you out with this image. These are distributed ledger technologies. I can tell you are extremely new, and have never ever tried to understand XRP.

>>25530992
XRP is a stable 30 cents. Bitcoin is a volatile asset.

>>25535546
All there is to understand is that it is a shitcoin that will bleed back down to .11

>>25535633
If that happens then the Mellon lore is 2 for 2. We've been warned of the great dump before the flip/

>>25535546
>These are distributed ledger technologies.

Those are also known as "blockchain"

They are very common these days

Here is the future, retard:

https://www.jpmorgan.com/solutions/cib/news/digital-coin-payments

It is called JPM. It is a fast, 100% stable DISTRIBUTED LEDGER technology. It is 100% owned by JP Morgan. Every bank will deploy an equivalent. It will be pegged to the USD so interoperability will be a snap.

They will not, in fact, dump trillions of dollars of wealth into a volatile shitcoin from 2013, so they can watch it all evaporate as all the instant XRP millionaires cash out and instant multitrillionaire Jed buys himself a medium-sized country.

>>25530340
ALGO WILL MOON TOMORROW WHEN BURGERS START WAKING UP

>they STILL don't know

>>25535633
I’m sorry you’re too nigger to understate distributed ledger technologies. You’re right in that 300+ banks connected to 1000+ financial institutions don’t use XRP. You’re right that XRP isn’t really crypto. You’ll never understand why it’s a necessity, you’re too nigger. You’re retarded.

>>25535609
Why the fuck does that benefit anyone who owns it? I want coins that go up, dumbass.

>>25535693
If he really cashes everything out he will still have to pay an insane tax, most people that are smart with their money won't cash out too much a few billion is nothing

>>25535693
Ripple PATTENTED DLT technology you fucking retard. They donated it to the World Wide Web consortium so you can have your little shitcoins. DLT is literally the internet of value, no proof of work needed. Only proof of correctness consensus, AND it’s open sourced. Kill yourself.

>>25535248
What the fuck am I reading.

>>25535546
That's why I was being as humble as I could.

So you're saying the XRP ledger will be the TCP of token based transfers?

So the news that came out today is that banks can use the blockchain. Doesn't this just mean that they can move around and settle Bitcoin and BananaCoin if they want? I don't see a reason for XRP in this scenario? Why is XRP needed in this scenario?

Does XRP in your opinion have more to do with future CBDC's? Why is XRP needed in this scenario? Isn't there enough liquidity and arbitrage in currency exchange?

>>25535880
why the fuck do you have that saved

>>25535824

LMAO you don't understand the basic concepts involved. All blockchain is a distributed ledger, you delusional schizo. That's what makes it a blockchain. That's why transactions have to get block confirmations -- because the blockchain is a distributed ledger.

Also, even if what you said was true, which it isn't:

>lol this company patented shitcoins!
>and then they gave the patent away for free, creating an unlimited number of competitors!

Sounds like a wise investment!

>>25535815
>If he really cashes everything out he will still have to pay an insane tax, most people that are smart with their money won't cash out too much a few billion is nothing

Jed's been busily cashing out for years, dumping on you retards and telling you it's bullish. You know what's not bullish? The SEC going after Ripple for what they allege is massive criminal securities fraud, while exchanges everywhere delist it.

>>25536000

>>25535940
>So the news that came out today is that banks can use the blockchain. Doesn't this just mean that they can move around and settle Bitcoin and BananaCoin if they want? I don't see a reason for XRP in this scenario? Why is XRP needed in this scenario?

The news today was the final nail in the coffin. Even assuming that nobody at Ripple goes to jail, there is now literally no use case for XRP. The only people left holding XRP are retards and delusional cultists

>>25535880
Find Christ, anon. The emptiness inside will never be filled without Him, and the feeling of sick heat you've grown to love will fade into the void, too. It is your destiny to be saved.

>>25535940
>So the news that came out today is that banks can use the blockchain. Doesn't this just mean that they can move around and settle Bitcoin and BananaCoin if they want? I don't see a reason for XRP in this scenario? Why is XRP needed in this scenario?
You are beginning to understand. Yes, they will be able to, and they already are. You can look at it here https://dex.xrplapps.com/ tokenized assets are moving on the XRPL as we speak, and yes, Ripple isn’t used to settle between them yet (at least not in a massive scale.
You really think banks will settle cross border payments with bitcoin, a 1MB block size proof of work token centralized in China? You think banks will be paying those thousand dollar fees, and waiting days for transactions to settle? if it were to be used after 3 more hash rate halving that’s what it’s looking like. There’s also a double spending issue. Seriously just look at the implications behind all that, it makes no sense. This is why XRP will be used to make those settlements, I don’t feel like explaining. But I hope the surface information I’m giving you will activate your almonds. Distributed ledgers are/have already been in the process of creation. You can look up Ripple partners and know they’re already connected, just not all of them using XRP.

>>25530340
This is literally the one use case of eRSDL! HOLY SHIT, I'M RICH! SEE YOU POOR FAGS!

>>25536042
>The SEC going after Ripple for what they allege is massive criminal securities fraud, while exchanges everywhere delist it.
This.
i dont know why anyone is still holding or buying XRP. coinbase, Binance, OKCoin, crypto, and 22 other platforms are delisting it this month.

>>25536092
You're going to respawn and be as clueless as you are now.

>>25536071
Always pondered this. Is it sexual or like a primal thing for you?

>>25536193
He’s a /b/ tard, let him be. He must be new. >>25536193

Except XRP is still the fastest and cheapest way to convert from CBDC to CBDC

>>25535117
oh don't worry, he's super comfy
obviously there's all these upper echelon types aware of how much it's going to be worth in the future, and as we all know, those types of people get bored of having too much power and want to give it to the little guy by letting him buy some - especially jeb, he loves selling xrp cheap not because any price for his infinitely printed shitcoin is good because he makes a profit anyway, but because he just really wants the niggers and karens on twitter to be able to benefit from xrp going to $2k dec 12... uh dec 31st.... uh jan 1st... uh i don't know anymore, just trust the plan

>>25536158
>You really think banks will settle cross border payments with bitcoin, a 1MB block size proof of work token centralized in China?

It is really hilarious to talk with Ripple schizos and to realize that they genuinely don't understand that it is not 2013 any more. The alternatives are no longer XRP and BTC.

For example, there's JPM, which I'm sure will be followed by GMS, HSBC, BOAC, etc etc

https://www.jpmorgan.com/solutions/cib/news/digital-coin-payments

Banks are hiring devs to create their own blockchain solutions, because it turns out they can just pay a million bucks to have their own stablecoin that they control 100% of the supply of, rather than make you rich by losing a fortune in a garbage shitcoin from the last decade.

See you at 0.15, before the delistings make it pretty much impossible to buy or sell the shit

the banker coin
the silicon valley coin
that promotes institutions to host validators for decentralization
that has been testing its currency bridge capabilities on literally who exchanges for most of 2020
that recently got a fork that will allow smart contracts and EVM operability
that recently got a black swan shakeout

>bearish

ffs biz

>>25530521
>Dude like you need a stable coin for stablecoins! And this will be worth trillions trust me dude!

>>25536178
>coinbase, Binance, OKCoin, crypto, and 22 other platforms are delisting it this month.
what? sauce?

>>25536277
>that recently got a black swan shakeout

The smart money does tend to rush into companies that are being prosecuted by the SEC, with its top executives likely facing criminal charges, and major exchanges delisting it

>>25536276
>it turns out they can just pay a million bucks to have their own stablecoin that they control 100% of the supply of
That’s literally what XRP is waiting for you fucking retard. Stable coins representing value from different countries, you can just fucking send a yuan to the US and expect the customer to use Yuan for purchases. I already know what JPM is doing, and they’re STILL interoperable. Both XRP and JPM coin can and will pass through each other’s ecosystems. You’re a tranny retard you don’t even understand what you’re fudding or shilling to me.

I love how, suddenly, now that they can leverage it to FUD directly on XRP instead of the crypto asset class in general, USDT and USDC are no longer manipulated scams, but instead XRP killers.

>>25536371
>what? sauce?

https://beincrypto.com/crypto-exchanges-rush-to-delist-xrp-following-sec-charges/

https://markets.businessinsider.com/currencies/news/xrp-delisted-ripple-sec-complaint-coinbase-crypto-okcoin-trading-platform-2020-12-1029926814

just google "XRP delisted"

>>25536394
>Stable coins representing value from different countries

>>25536158
>You really think banks will settle cross border payments with bitcoin, a 1MB block size proof of work token centralized in China? You think banks will be paying those thousand dollar fees, and waiting days for transactions to settle?

Yes, but they're not going to settle every transaction. Wouldn't they just settle at their convenience (end of day/for large transactions).

And by using XRP for this, you're trusting the XRP ledger completely. Isn't it arguably fairly centralized? Bitcoin is trustless, I think we'd all agree. Or maybe you don't if you think it's controlled by China - China are the slaves to Bitcoin. But is XRP truly trustless? Correct me if I'm wrong here. And if XRP isn't a proof of work blockchain, I just feel like we're missing the point here and going around in circles. We end up at the point where the entire financial world is trusting in XRP with the entire worlds wealth.

>>25536440
thanks, selling noaw

>>25536371
learn 2 google you stupid nigger.

>>25536394
>Stable coins representing value from different countries

Not if you peg the stablecoin to 1 USD, like they all do, you absolute delusional moron. Also, any DEX can do token pairs that have differing value. So, even in the retarded situation where someone wanted to have a yuan stablecoin exchange to a USD stablecoin, instead of just using USD, it would be retardedly easy to set up pools, again without making XRP retards rich.

Wait, how much are you still (bag)holding?

>>25536259
Na, been on here longer than I can remember, I think around 2005 actually.

>>25536454
Tell your family you love them, anon. It will make your imminent suicide easier for them to work through if they know that.

Is this Good for Cardano. Because Im all in.

>>25530340
XRP schizos completely and utterly blown the fuck out eternally and forever

>>25536388
smart money has been in for a while, who do you think caused the shakeout?

protip: to push price down, one must sell

Bizlets are painfully ignorant due to their retarded zealously of their market position.
Ripple wants cbdc and stable coins to be a thing. It helps their protocol because not every bank is big enough to throw their weight around and some that can may not always want to. It would be like the company that made the cables in your house being mad at the utility company. Do 5 seconds of fucking research.

>>25534098
GAS FEES on ETH my fucking diccc

>>25536490
>he thinks the world still wants to use the USD as a medium of exchange
>he thinks banks will continue to print USD forever, there for le super epic bitcoin pumperino to kill le bankerinos is the only solution
I hope you die in your sleep tonight

Hi. I rarely post, just lurk and try to learn (I find shutting the fuck and listening works well) so I can separate myself from this fucked up system as best Ican.. Could someone explain something? I get why this would usually be fantastic news for XRP. Doesn't the whole SEC thing kind of render that moot, though? Not trying to argue or make a point. Genuinely want to know why I'm right or why I'm wrongabout that. Thanks, fags.

>>25536708
sec suit is unironically a fugazi

>>25536607
Wrong

>>25536817
excellent counterpoint
im convinced

>>25536595
>smart money has been in for a while, who do you think caused the shakeout?

Or, and perhaps you should consider this, all the smart money is gone, which is why the price has tanked. And smart money will find it difficult to reenter, now that it's being delisted everywhere

>>25536682
>he thinks the world wants to use a dead shitcoin from 2013 with literally the worst tokenomics in the space

1 USD is an arbitrary but agreed on unit of value, you moron. Any stablecoin can be backed by any asset in any quantity, and you just have to peg the value of 1 token to 1 USD. Voila, you don't even need liquidity pools for interoperability.

>>25536708
>I get why this would usually be fantastic news for XRP.

What? It's disastrous news for XRP. All of its competitors just got clear regulatory go-ahead. XRP schizos' whole argument was Ripple's super sekrit connections and partners were going to make it The Standard

Instead its company is about to get assfucked by the SEC, its executives are going to get banned from securities trading of any kind, and exchanges are frantically delisting it

>>25530497
Stablecoins AND public blockchains (ripple)

>>25536448
XRP is completely trustworthy, you can google what Satoshi had to say about Ripple on the bitcoin talks forum. It’s proof of correctness.
I’m not saying the entire worlds wealth will run on XRP, I’m just saying it’s the #1 cross border real time gross settlement system that exists. It’s scalable and it’s already set up to be adopted.

>>25536919
>fiat means arbitrary
You sound like a boomer but you’re really fucking stupid and ignorant you know that? The dollar is fucking dead and nobody in the world wants to deal with it. You realize you’re also implying you WISH bitcoin was that pool of liquidity? It’s useless and centralized in China lmao you fucking retard you want China to win

>>25536158
> There’s also a double spending issue
There sure is, buddy, the one that Satoshi Nakamoto famously solved with Bitcoin and XRP has no decentralized solution for. Read something not by shills some time, you’re in for a few surprises.

>>25537054
>bitcoin! bitcoin!

... you are aware that there are other cryptocurrencies other than XRP and Bitcoin, right? For example, there's JPM:

https://www.jpmorgan.com/solutions/cib/news/digital-coin-payments

It does what XRP's supposed to do. With today's OCC decision, literally every bank is going to create a JPM. Even if Ripple wasn't about to get annihilated by the SEC, today was the day its use case evaporated. It's over, please try to save some of your net worth.

>>25537270
my god you are fucking eons behind. holy fuck this is so fucking bullish.

So if XRP really will moon, when? I still have some and was gonna wait until .30 to sell it all, but I can hold onto it until a specific date.

I literally saved about 5G's to throw into XRP, but after reading the thread it seems like this news is the last bullet to the head for XRP.
So what the fuck do I buy now? XLM? ETH? BTC? GRT? Someone please tell me what to throw my money into, I got 2 kids and I'm just trying to get them their college tuition.

>>25537054
The mining pools are just that, pools. In the past, when even a sniff of shenanigans was even whispered, miners left the pools for others. There's no financial layer on Bitcoin, so there's no way to "cash out". The only motive is to attempt to hard fork/hurt Bitcoin, killing tax revenue streams, rendering hardware useless and becoming the pariah of the world - maybe not the best idea for the one country most dependent on trade. They've tried illegalizing it, only made the price go insane after a slight correction.

Only motive I see is trying to stop monetary energy escaping their system. But in this sense it almost makes sense to adopt it as a dependable currency.

>>25537266
>the one that Satoshi Nakamoto famously solved with Bitcoin
Do you seriously believe that? Wow........
I had no idea bitcoin maxies were that out of touch with the news. It’s like you live in your own little bubble and there’s nothing wrong with Bitcoin, it’s al positive. Price go up, that’s it.
Now let’s talk about the 51% attack possibility. I’m saying possibility, not probability.
It’s 100% possible you know that right? More than half of all XRP is in escrow for exactly that reason. Trying not to read shit from fud niggers who literally paid people BTC in 2015 to fud XRP.
>>25537270
We already talked about this, scroll up.

>>25530340

Cant count the number of times i told xrp retards that stable coins literally will replace any usecase for XRP, they always ignored and said bullshit about muh xrapid or some other retard shit. This has been so obvious since stable coins started growing, and when DeFi arrived it was a nail in the coffin for xrp. Im surprised it went on so long but im more surprised how many retards couldn't tell that stable coins fulfil every usecase xrp did but simpler and easier.
Its literally the simplistic and easiest usecase to visualise for blockchains but they didnt get it?

>>25537383
>I'm just trying to get them their college tuition
what you should really do is invest in an SAT prep book for them which will turn into a fat scholarship

>>25537497
Can’t believe how many times we told you retards that we need stable coins for XRP to work
BRB buying more

>>25537327
>a million competitors just got legalized
>including ones that are being created in-house by XRP's only purported customers, one of which is already deployed
>XRP being delisted everywhere
>Ripple goes to court next month for a SEC complaint that literally everyone who isn't a bagholding schizo agrees they are going to get absolutely destroyed on, with certain executives PERSONALLY liable
>bullish

>>25537383

BTC-alt seasonality flips around the end of this month. BTC is cheap in late winter through summer, and becomes expensive in the fall and winter. Spring and summer are the wet seasons in China, when big rains = ridiculously cheap hydroelectric power. In the next month or so, a huge amount of mining capacity is going to start to come back online which should have a price-depressing effect (but if institutions are going full retard on BTC it'll only slow price growth).

I'm buying 60-30-10 ETH/BTC/LINK right now, but I would hold off on all crypto purchases until at least the 7th. It'll suck to buy crypto tomorrow if Trump declares civil war on the 6th

>>25537477
>We already talked about this, scroll up.

Yes, you ranted about China. Did you think you had a point?

>>25537577
Scroll up more, I’m sure I explained to someone about open source
Well I didn’t really explain it, just told them to fuck off and read about it

>>25530340
Were we go one we go all, they guna pay
for what they did.
Look_How_TheyMassacred_My_xrpBoy.webm

>>25530340
Anyone who uses the specific term “delist” is purposely misleading you. Allow that to shade your view of the rest of their comments. How come they are so concerned about your financial wellbeing. So gracious!

>>25534526
Are you fucking stupid? Or just dumb? Why do you need an intermediary to go between 2 crypto native assets? Answer that you stupid fuck. Riptards always give me a hearty kek. You idiots said it’ll be for cross border payments, guess what! USD is the most liquid and deepest market in the world. XRP is dead

>>25537541
Good looks my man, I will take your advice and pull the trigger on the trade after the 6th. Thanks.

>>25537611
>Anyone who uses the specific term “delist” is purposely misleading you.
What do you mean? I'm just a retarded gambler so I don't understand.

>>25537666
>USD is the most liquid and deepest market in the world
Just stop replying

>>25534654
God damn. You know how I know you know absolutely fucking nothing about finance? Almost every single currency in the world has a USD trading pair. Ruble (volatile) to USD (stable relative to native currency) to Pesos (volatile) is volumes more efficient than fucking ruble > XRP > peso. Stop talking about shit you know nothing about fucking basement dweller

>>25537670

I should say that alts SHOULD be the smarter buy until the rains start to dry up in China, and please God do not buy any XRP

>>25537606
>le /g/ buzzword!

So what? How does that change the tokenomics? Or the fact that its sole use case has just evaporated? Before even you consider that in 7 weeks, they're about to have their intestines spooled out of their assholes by the SEC, and in 2 weeks, something like 22 exchanges are delisting it?

>>25535546
HAHAHAHA You learned about the global monetary system from lapping up XRP marketing and /biz/ shills you dumbass. If you actually worked in finance XRP from the jump sounds retarded.

T. MS anon

>>25537744
>le /g/ buzzword
I think I’m done here. Dealing with literal retards. I hope I helped the purple ID anon out at least

>>25537677
Suspending trading while the case plays out is not at all the same as delisting. The emotional subhumans that post these threads are full of lies. DYOR, and ignore FUD

>>25537689
Wait, are you joking?

>>25535042

It's very simple. Using XRP as a middle man allows these banks to not hold the other sides coin in nostro/vostro. Now times this with say 50 different coins. Not needing nostro/vostro frees up trillions and trillions. In the use case of XRP these banks don't have to hold XRP either. On top of this XRP is near instant and fees are cheap.

>>25537834
No, you've only confused me. I don't think anyone here has the slightest clue what they're talking about.

>>25537865
Oil and military sustain the value of the dollar. Do you know where we stand? Nobody wants to use the dollar as the world reserve currency. This is why the G20 as been meeting up talking about a Breton Woods deal.
Over 25% of all circulating USD was printed in 2020.

>>25537847
I see, thank you!

>>25532403
>he thinks banks want to inherit arbitrage risk through an unstable third party asset when transferring between two coins that already have liquid exchange arbitrage solutions

dude. you're retarded. if you want to swap usdc for dai, is it cheaper and easier to do it on binance where there's a low down liquid market with minimal fees, or on uniswap, where fees are higher and your likely to earn a worse exchange rate due to the potential for inefficient routing of swaps via weth or some other intermediary currency?

in this analogy, XRP is weth.
>inb4 goalpost moving about how xrp chain is 'way more efficient than erc networks' or other nit picking without addressing the core of the argument
>ultimately, adding a secondary exchange against an unpegged asset will just make the overall exchange more inefficient and expensive

>>25536426
A hearty kek to you sir. So you’re saying Xrp’s usecase is to be a stable coin? No? So then a transfer mechanism? Why would I go from stable coin > XRP > stable coin when stable coins are crypto native??? You ripple tards are next level lmao

>>25537964
>You ripple tards are next level lmao
That is the goal.

>>25537834

lmfao

>I said all THREE of the buzzwords and they still kept mocking me!

>>25537689
You can’t be serious right?? Are you willingly retarded or is it by birth?

>>25530521
>neutral backing
you realize that a stablecoin is a more neutral backing than XRP, and that XRP introduces additional exchange risk by not being pegged to an existing stable asset, right?

Xrp schizos retards see anything and say it’s bullish
Perma cope

>>25537964
>You ripple tards are next level
we know

>>25537931
And you think XRP is going to take over huh? Not a global sdr basket of currencies and assets? Jesus Christ, you need to stop getting your information from only XRP marketing and /biz/ go outside for once

>>25537931
Yeah, the petrodollar is losing its footing. It's still by far the most disproportionately deepest/liquid though.

Hence CBDC's.

You don't think that puts the spotlight on Bitcoin? CBDC's will be even more manipulatable digital fiat. Wouldn't that just make Bitcoin the de facto store of value for the world? Are you stuck on China? Mining has been moving to Texas/other US states recently. Would those implications change your mind?

>>25531318
Bitcoin was never .06 cents lmaooooo that’s a mistake on cuckbase end

>>25538042

It also creates a capital gains/loss event every time it's used, making it an accounting nightmare and completely unusable for its alleged purpose

And banks are just deploying their own coins, which means XRP's only possible customers are going in-house, because weirdly they'd rather have a stablecoin that they control 100% of the supply of than a volatile token where 60% of the supply is owned by two guys and someone named Jed

And OCC just gave the official, all clear regulatory go-ahead for the deployment and use of those stablecoins

And the SEC is about to annihilate Ripple for its fraudulent practices, including but not limited to duping the retards ITT

And XRP's being delisted everywhere

>bullish!

>>25535940
Banks will use Dogecoin.

>>25538135

I have become genuinely convinced that the last time Ripple bagholders actually heard about anything crypto-related was 2013.

>>25538003
>>25538054
Kek, we got some poor anons over here

>>25537919
Sorry. Here, you’re chill. I’m glad you’re actually trying to understand.
Beware that all of this board knows XRP is spoken about by the WEF, they just refuse to acknowledge because muh price action. http://www3.weforum.org/docs/WEF_CBDC_Policymaker_Toolkit.pdf

>>25538210
Not for long.

>>25537919
Things that make linkies and bitcooners seethe
http://www3.weforum.org/docs/WEF_Cryptocurrency_Uses_Cases_2020.pdf

>>25538223

oh my fucking god

>see, a paper from a year ago mentioned that XRP exists, as an example of something intended for interbank transfers
>therefore it is clearly the replacement for SWIFT!
>why else would they go to all the trouble of mentioning it??
>also we will ignore JPM right next to it, what's that never heard of it
>who cares about JPM lol, so it got mentioned in this paper, that's meaningless

>>25531202
>they say it on their website, it must be true!
the SEC is literally suing them right now because the US government believes the "decentralized" and "permissionless" attributes claimed by ripple are actually not true.

so - what happens when xrp is shown to be centralized and fully owned by ripple labs?
>hmmmm, I wonder - what are the consequences for operating an unregistered security sold to non-accredited investors in the United States of America again?

What if SEC drops that lawsuit right before this info to really protect investors? XRP as "bank coin" would be on their ath right now if not that case. Maybe they really look for investors to protect them?

>>25536708
The SEC suit is going after the leadership and practices they claim were bad. Not xrp. If Ripple went away today XRP would still exist.

>>25538312

LMAO

>they let Brad Garlinghouse submit a brief article on Ripple to a crypto roundup
>XRP IS THE STANDARD!

Did you even look at the "Contributors" list lmfao

>>25538319
Still seething over JPM? I already told you they’re interoperable and open sourced you fucking retard kek you’re visibly foaming at the mouth because you don’t understand

>>25538343
>I still have my Enron stock certificates!

>>25530340
>>25531202
This is great news for 0xBitcoin!

>>25538387
Yes, and we all laughed when we didn’t find chainlink or SirGay in the document. Also lookey here! I think this means XRP might be importan......
>ctrl+f chainlink
>0 results
Top kek

>>25535108
based af

>>25538387
>>25538394

I just want to hand it to both of you, I think I speak for all of us when I say you two have been absolutely brilliant this thread. Most fun I've had on here in a while.

>>25538394
>they’re interoperable and open sourced!

LEL

one is a replacement for the other, friend.

>sure, you could send payments via the blockchain solution you've developed, with a stable value and 100% control of the supply, and it'd be just as fast as my ancient shitcoin
>actually now that I think about it, I can't think of an advantage my ancient shitcoin has over your own solution

>but have you considered just making me rich instead?

What are you going to do at 0.15

>>25538442
>frantically deflecting

What does link have to do with anything? We're talking about your dead shitcoin, remember <3

>>25538476

yw Anon, please do not buy XRP

>>25533644
yeah, that's never happening.

institutional investors are adopting btc as digital gold because it's open source, transparent, ACTUALLY permissionless, and ACTUALLY decentralized.

nice try, good game. USDC as world standard CBDC, bitcoin as digital gold, eth as the interop environment it all runs on.

there will be competitors and sidechains/shards for eth, but there will not be a need for XRP in the long term.

>>25538550
>there will not be a need for XRP in the long term.

lmao there isn't a need for it in the short term

thanks to the SEC, its sole true purpose of "Make Brad Garlinghouse rich" is about to go bye-bye. They want $600 million repaid.

>SCHIZO
>SCHIZO
>SCHIZO

>>25535108
How does it feel to know that Tether manipulation is the only thing propping up your buttcoins, faggot?

>>25538679

https://coinmarketcap.com/headlines/news/who-will-win-sec-or-ripple-an-in-depth-review-of-secs-ripple-lawsuit/

>>25538730
>CMC.

>>25538765
>never selling
>cuz there won't be an exchange left to let you

>>25535108
kek

>>25538730
https://www.forbes.com/sites/michaeldelcastillo/2020/06/17/xrp-isnt-a-security-declares-former-cftc-chairman/?sh=41fe70ca539b
Top kek. SEC is the only branch that implies XRP was being sold as a security. OCC, FinCen and others declare it a currency. It’s already a currency all over the world
Except for in the country that redistributes the world reserve currency.

>>25530702
/thread

>>25530340
bro ive got this very real *hits bong* real ideaa for a crypto. *hits bong again* *starts talking mid-exhale* its called xrp. its a payments network for BIG BUSINESS so they can send moni to each other. even if they are in different countries it works because they just send xrp to each other 8-D

>>25535824
I forget. is ripple the same as XRP?
>People are often surprised to learn that Ripple and XRP (called the Ripple digital asset) are not the same thing. The confusion is understandable, since they share the same name and have similar origins! There are, however, important differences which need to be explained.

>What is Ripple
>First and foremost, Ripple is a private enterprise software company. The company was the founder and creator of the Ripple Protocol, an open-source protocol which includes the Ripple Consensus Ledger (RCL) and RippleNet, a suite of payment solutions products marketed to banks, non-financial institutions and digital currency exchanges.

>What is XRP
>The RCL is often confused with XRP (also called Ripple digital asset). XRP is a native token of the RCL used for facilitating the transfer of money between different currencies across the network.

>There were 100 billion XRP units created at inception, an official number which will not increase or decrease according to its protocol. XRP was created prior to the founding of Ripple Labs, the company. The XRP creators gifted the company 80% of all XRP, keeping 20 billion units for themselves. This aspect of XRP is one of the reasons that banks and businesses have taken to the digital currency; it cannot be mined because it is centrally controlled.
https://www.flash-fx.com/guides/the-difference-between-ripple-and-xrp
oh. so xrp was created before ripple labs and ripple labs doesn't directly use XRP's chain as it's base RCL?

>>25531202
>>25530770
this describes literally every blockchain project on earth that's not btc

>>25538855
>SEC is the only branch that implies XRP was being sold as a security.

lmao allow me to assure you that XRP is about to be very much confirmed as a security, which it obviously is

>Ripple derives 90% of its income from selling XRP
>Ripple controls the supply of XRP
>Ripple execs have publicly committed to actions to pump the price of XRP
>Ripple's internal memos talk about how they'll likely end up being considered a security, especially because of their open price manipulation

Then you get amazing stuff like pic related, which is probably securities fraud

>>25539043
well, then XRP must own the patents for DLT right? which is how the valuation of the currency is so high? well but that can't be true because you just told me that the founders own the patents, not ripple labs or the chain itself, and that the patents are licensed through the W3C.

Well, I'm sure ripple or it's founders are charging an arm and a leg for licensing that patent out, right?
>In simple terms, the Patent Policy provides that all who participate in the development of a W3C Recommendation must agree to license essential claims (that is, patents that block interoperability) on a royalty-free (RF) basis.
https://www.w3.org/2003/05/patentpolicy-pressrelease
...oh.

so how is jed financing his business ventures, press junkets, 300-person staff, and partnerships?
>The Securities and Exchange Commission announced today that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.
https://www.sec.gov/news/press-release/2020-338#:~:text=The%20Securities%20and%20Exchange%20Commission,ongoing%20digital%20asset%20securities%20offering.
...oh.

>>25539073
Maxi has yet to answer how he feels about Tether.

>>25530497
XRP is literally the most stable coin there is you fucking moron. Cope

>>25539043
>This aspect of XRP is one of the reasons that banks and businesses have taken to the digital currency; it cannot be mined because it is centrally controlled.

I will laugh about that all the way down to 0.001

>big banks are flocking to this premined shitcoin that's majority owned by a few dudes, because it is a premined shitcoin that is majority owned by a few dudes!

>>25539116

Literally who cares? I've got less than 30% of my holdings in BTC. Further
>t-t-t-ether is a ss-s-s-s-cam
>but not XRP, whose parent company is going to court for massive securities fraud

>>25536454
Sorry for your loss , sumbass doesn’t realize that delisting is obviously bullish

>>25538855
so let me get this straight.

the country that literally defines what currencies are, the world over, is essentially disputing that XRP is a currency, and in fact, is claiming that its (US-based) corporate executives are in fact, holding a security, and that this security is being used to perpetrate the largest instance of securities fraud since Enron, and that, somehow, is bullish for the adoption of XRP as a global standard?

>>25539180
>but not XRP, whose parent company is going to court for massive securities fraud

>Allegations are proof.
>No one has ever been able to challenge the US Government in court!
>Having former SEC Officials on the legal team means nothing!

>>25539043
Didn’t read everything but
>oh. so xrp was created before ripple labs and ripple labs doesn't directly use XRP's chain as it's base RCL?
Yes. XRP used to be called Ripple and before that it used to be Open Coin. XRP can live on forever even if Ripple were to disappear, which is why XRP is not a security, a security implies XRPs success is dependent on Ripple but if XRP can exist without Ripple than there is no contest.

>>25530340
Sir this is an API3 board. We don't care about XRP.

>>25539180
>>25539246
Refer to>>25539285
XRP is not a security to multiple countries and multiple US government branches. The lawsuit is against Ripple, they offered to settle but Ripple declined.
Post yfw Ripple defendants are ex JPM and one of the greatest lawyers in the world that won 26 Supreme Court cases

>>25538223
lol so you're a q larp in addition to a crippletard?

why am I not surprised.

>>25539271
>>25539390
>la la la la

Negro have you read the complaint? It's 71 pages long. About 20 pages are internal Ripple communications and interviews with Ripple employees. Including internal Ripple discussions about how they're likely to be regulated as a security, listing the several reasons why.

Their only hope of a defense is to try to claim they're a currency. But SEC has 71 pages of them acting like it's not, and discussing how they're not.

>>Having former SEC Officials on the legal team means nothing!

It does in fact mean literally nothing, you stupid tinfoiler, because law firms that specialize in securities hire ex-SEC lawyers, because of course they do. Did you know that criminal law firms hire former DAs?

What did you think this means, that one of Ripple's lawyers who used to work in the SEC is gonna go have lunch with the SEC team and this'll all go away with a handshake? Because if that were going to happen, it would've been before a complaint was filed and a court date set.

>>25539430
The court case is to gain regulatory clarity first before tethergeddon
Literally the first coin in the world with regulartory clarity
I understand you fud to buy more cheap xrp but common asian pussy

>>25531645
>digital chink

>>25539430
>muh strawman
>muh cognitive dissonance
I’m sorry your BBC addicted coomer smoothbrain can’t understand. The lawsuit is against Ripple, XRP is separate. God damn even the fucking comptroller of the currency said XRP was a currency
I haven’t spoonfed this much since august 2020. Just eat shit ripplet. Don’t buy XRP but understand you fud is actually bullish information. CBDCs are something XRP gang has been talking about for years.

>>25535769
becaues if a coin is stable that means it can be adopted by governments, (especially if it solves instant settlements) you're getting in before it gets adopted, and if the value of one coin initially is 30 cents then it is likely it will increase to ++ an even pleasing number (triple/quad digits)

nobody wants to buy something for 2 dollars if in 20 minutes the 2 dollar bill becomes 50 cents or 90 dollars

>>25536158
So xrp is the globohomo coin?

>>25539520
>regulatory clarity!
>my client looks forward to defending himself against the charges in court!

LMAO

Have you read the complaint? The SEC isn't seeking "regulatory clarity" -- they're pretty clear on XRP's status as an unregistered security, Ripple's awareness that they were selling an unregistered security, and actual specific Ripple executives, including Brad, who are specifically named as liable in the suit.

>f-f-f-f-f-f-ffud

Yes, clearly my laughing at you schizos on /biz/ is going to knock $2 billion off XRP's mcap so I can buy lower.

>>25539601
>God damn even the fucking comptroller of the currency said XRP was a currency

LOL

>comptroller: meh sounds like a currency to me
>SEC: We spent a year-plus investigating and it sure as fuck is not a currency
>schizos: b-b-b-b-but the comptroller

>>25539647
>nobody wants to buy something for 2 dollars if in 20 minutes the 2 dollar bill becomes 50 cents or 90 dollars

This is one of the many, many reasons why XRP will never be used by anyone for anything

>>25539520
tell me, if ripple and its founders are the ones who get nailed, and ripple labs gets shut down - in that scenario, who operates the XRP nodes?

>>25539713

Maybe the whole supply will get dumped to market for free and the community can start running nodes

With a price of 0.0001 cents

>>25539713
There were 117 node operators last time I checked, only 7 of those were from Ripple. Haven’t checked in a while.

>>25535108
BRUTAL

>>25539778
so what happens when ripple no longer manages the UNL? if no one oversees the trust factors dictating on-chain consensus, how does XRP's "trust-based alternative" to algorithmic consensus persist?

yes xrp is dead please keep dumping it and buying those bitties

>>25539768
I literally feel like I'm attempting to get my toddler to understand why he needs sleep

crippletards truly are trapped in a bubble, separated from reality.

>>25536092
Amen

>>25539997

I would like to see a Venn diagram of Ripple victims and QAnon victims

>>25539778
All of those nodes followed Ripples operator nodes. Ripples nodes tell the rest of the system the “truth” XRP is totally centralized and controlled by Ripple.

>>25539928
It’s fucking proof of correctness. It’s permissionless. Look it up yourself, Ripple can die and XRP will still exist.

>>25539132
>yea bro looks stable to me

>>25540160

It's literally not, see
>>25540108

>>25540108
This is 100% cope and made up retardation. You just be medically incapable of dilating.
https://www.thecoinrepublic.com/2020/01/27/sec-will-inaugurate-a-node-on-xrp-ledger-said-ripples-ex/
SBI runs like 20 nodes themselves.

>>25540184
That’s literally the fucking “tokenomics” you literal retard holy shit. That would be like me saying “no, bitcoin isn’t proof of work” lmao get fucked

>>25540212
ALL OF THOSE NODES LOOK AT RIPPLES NODES FOR THE CONSENSUS AND COPY IT. YOU IDIOT.

https://blog.bitmex.com/the-ripple-story/

Extremely detailed report on Ripple, how it works and its history.

this thread is so fucked lmao
fuck ripple

>>25540246

LMAO

>Stuart said XRP is on an open, permissionless ledger. Also adding this, he said he heard evidence that the United States securities and exchange commission (SEC) announced that they are going to inaugurate a node on XRP ledger and also on other open, permissionless ledger.

>guys I totally heard...

Lol turns out SEC decided not to inaugurate an XRP node but instead to sue the company and its executives for securities fraud

>>25540255
>bitcoonniggercocksucker.org
Get fucking shitted on you retard. SEC runs one and SBI runs a ton of nodes. Every single major exchange runs a node. They’re called validators by the way.

>>25540378
AND THEY ALL JUST FOLLOW WHAT RIPPLE NODES SAY. GET IT THROUGH YOUR HEAD YOU THICK FAGGOT.

>>25540378

One of the good things about XRP threads is that after spending a while in one, I no longer feel bad for Ripple's victims

>>25540404
Anon... I don’t think you know what a validator is.... I don’t even know why I’m arguing with you Jesus

>>25540503
You don’t even know how the XRP consensus system works LOL.

>>25540404
I cordially invite you to in your own words explain what a bitcoin block is. I want you to explain to me how 1 chainlink gets to another chainlink address.

>>25540545
We aren’t talking about BITCOIN YOU SMOOTH BRAIN TROGLODYTE. BITCOINS CONSENSUS SYSTEM IS FUNDAMENTALLY DIFFERENT FROM THAT OF XRP.

>>25540517
Refer to>>25540545
XRP is decentralized, proof of correctness, permissionless and open sourced. Listen man I’ve been here for too long just scroll up

>>25538312
>>25538312
>>25538442
https://www.weforum.org/agenda/2020/12/the-missing-link-between-blockchain-and-existing-systems/
https://www.weforum.org/whitepapers/bridging-the-governance-gap-interoperability-for-blockchain-and-legacy-systems
http://www3.weforum.org/docs/WEF_Interoperability_C4IR_Smart_Contracts_Project_2020.pdf

>>25540567
Tell me what your IQ is? You’ve stopped making sense like 30 minutes ago. I have no idea what part you don’t understand that if Ripple disappeared then there are 110 other node operators coming from different banks and financial institutions to update the ledger. And I pointed this out because that detail alone proves that XRP is not a security.

>>25540545
it doesn't matter whether we know how btc or eth chains work because XRP didn't run the same (or even a similar) consensus protocol.

XRP is run using a "trust-based alternative" to algorithmic consensus, predicated upon the UNL, which is managed by ripple labs.

to reiterate: ripple labs dictates consensus by maintaining both the core nodes, and the list of third parties that are "allowed" to validate consensus by running validators.

>>25540724
The validators get to vote for that actually. See how you don’t understand XRP?
The funny part is they recently voted against increasing the minim quantity a wallet could have, they want it to be 22 XRP.
Almost like one of those days you fudding faggots will have to pay a premium to start and XRP wallet away from an exchange lel

>dollar stablecoins

Thread abandoned because OP and fudding faggots didn’t understand the OP is bullish lmao

>Brian Brooks joins treasury
>USDC becomes the main CBDC
wow never saw that coming

ALGO is the play morons.

>>25530770
They’re talking about LINK.

>>25540580
can you link me xrapid's source code on git

>>25539689
>>25539430
>>25539180
>>25539077
>>25539073
>>25538481

The eternal FUDer's eternal posting style. SO easy to recognise. Max attention grab. Max line space taken up per post. Kind of hard to look away once you start reading. All arguments emotionally forced

And guys don't worry majorly about this USDC shitcoin. Way in the past
>Centre
>Circle
All crypto does what it says on the tin. USDC is literally just USD. They're presumably lying about how much they're printing and backing the currency with homegrown blockchain. But nvm

XRP got in on the ground floor, played it cool, did their marketing right, did their NETWORKING right, and are now being set up for coronation. SEC suit is indeed a fugazi. Huge amount of FUD in this bully bearish shitthread

>>25541813
USDC will pass cripple marketcap soon

>>25541955
Haven't you seen the graphs? Or what I just said? The Fed/Treasury are PUMPING this fucking shit

>>25541813
USDC is owned by Goldman Sachs. It is OVER for XRP,. Goldman Sachs decides the winners

>>25542116
I really didn't want to reply to this

>>25542153
They’re literally retarded especially orange ID he fucking smells his fingers after he wipes his ass

>>25531499
>Yes, you do need a intermediary supranational currency to help mediate the liquidity issue global markets inevitably
Creating billions of xrp isn't creating liquidity. Any alt with billions of coins can be made fast and dumped on exchanges. Thats not fixing liquidity issues.

>>25542518
>creating XRP
Lel
>Any alt with billions of coins can be made fast
Name one that has the connections XRP has

>>25530340
O YEAH HAHAHAHA HAHAHA HAHAHS
I'M LITERALLY CHIMPUNG OUT IN MY ROOM RN HAHAHA HAHAHA HAHAHA
DIE XRP FAGGOTS!!!!
I'M LITERALLY SMASHING MY ROOM UP!! HAHAHA HAHAHAHA HAHAHA
TV HAS GONE OUT THE WINDOW AHAHAHAHAHA XRP FAGGOTS!!! DIE!!

>>25535108
>Illuminati and the grey aliens for intrabank transfers
The only crippler I know in life seriously believed "the greys" were running around doing things. Amazing how accurate this post is.

>>25535761
>you’re too nigger
>using that as a slur when you have a literal black guy representing xrpee

>>25542783
Wow you really showed me

>>25531065
Hmmmm intensifies

>>25542639
>Name one that has the connections XRP has
None that seem important or ripple wouldn't be getting sued right now. You have massive bags considering you have been coping this entire thread despite saying several times you were leaving. Schizos will stay poor.

>>25530340
All this does is pave the way for IMF bail outs and Retail and Commercial Bank bail ins once people start trusting banks to accept DC deposits in their banks. They know they are getting killed, so if they can’t best ‘em fool ‘em.

>>25542951
Another settlement..?

>>25530521

People smarter than you studied this and immediately dumped hundreds of millions of XRP ahead of this news. But you are of course going to outsmart everyone. By trusting the jews even more, even after they took your money and left you for dead.

>>25530497
lol'd at the all mad replies
good job, anon

Get fucked, xrp idiots.

>>25530497
XRPTARDS BTFO FOR THE HUNDREDTH TIME
AAAAAAAAAAAAAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>25535108
DESTRUCTION

>in other news, XRP fud thread on /biz/ becomes waking nightmare for creator and associates as new evidence suggest this is in fact bullish
Watching you faggots panic and scramble at schizos saying this is the best news ever is fucken perfect

Oh yeah!

>>25543439
>>25543501

>>25535248
Nice catch, I know him.

Sadly after spending 45 minutes reading this whole thread I am no better off. I need to adjust my research style /biz/ opinions are broke opinions kek

Imo smart money knew the lawsuit was coming and knew it’d be a nothing burger but decided to take profits and buy back in at the bottom that’s why we hit 20 then retraced to 30 they got back in.

>>25544443
Did you try picking out the shills and disregarding what they said? Step 0 on almost any board