/biz/ - Business & Finance

>>55543153
It's an obvious scam but the team has a lot of connections in higher circles and they spend a lot on advertisement and bot farms to shill.
It's not even crypto. It has no cap. It has no use cases. Etc.

>>55543153
You will find out in a few weeks.
>>55543219
cope.

>>55543153
the selling of tokens to the public is yet to be determined. I read the doc. Summary dismissal was denied. Hence it needs to go to a jury. the Judge simply ruled that the investors directly with ripple is a security. The rest is going to jury trial.
The doc was a ruling on MOTIONS of summary judgment.

>>55543153
>he doesn’t know
YOU HAD 3 years BUT YOU CHOSE TO BUY LINK INSTEAD KEK

>>55543219
It has contracts with all major banks and is up there in klaus schwabs ass wiht the likes of hedera and link.
These are the big player crypto coins. Not meant to give the power back to us, but to keep the power with the banks.

>>55543327
Umm no you fucking dumb nigger. Selling to the public is not deemed an investment contract Nor is algorithmic trading.
>you read the contract
Obviously you didn’t or you can only read Ebonics. Either kys

>>55543388
Go look up why people motions for summary judgment you fucking dumb nigger.
FFS, you don't understand what happened today.
KYS

>>55543153
it only transfers value all over the world in ~4 seconds and for a microscopic fee
stay away, you wouldn't be a good rich person

>>55543153
Nothing good.
Keeps the old banking system.

>>55543530
Updates it to a permissionless ledger

>>55543153
It's a bridge currency. It will be used by everyone to move money but you won't even know it. The way TCP/IP moves data across the internet but you never directly interface with it.

>>55543530
if you say this and you're not a xmr maxis kys nigger

>>55543379
It's not crypto in any sense. It's someone's personal money with full control over it.

>>55543219
How is it a scam? Have you ever transacted xrp? It is incredibly fast and cheap, that is the point.

>>55543153

Makes me rich

>>55543327
so why are exchanges re listing it, i bet thier lawyers know more than u dumbass

>>55543219
Seeing how retarded and sleepy the normies are about XRP makes me bullish as fuck.

>>55543327
straight up wrong. Secondary sales are entirely NOT security sales.

>>55543831
Lie!

>>55544601
Shut up normie! Anyone can create a centralized scamcoin. Just because you can play with a shiny app that doesn't mean anything. You have no clue what crypto is all about.

>>55543153
>>55543379
> It has contracts with all major banks
*Ripple* has contracts with all major banks, and they super duper promise that XRP will be the best asset for cross-border liquidity sourcing. Whether this is the case remains to be seen, might as well be some shitty CBDC...

>>55544730
Just take the L Gary. We know you’re upset rn.

>>55543153
I wouldn't worry about it goyim

>>55543153
You know when you wanna use western union to send from one currencie to another and they slam you their giga huge jew fee for the conversion?
Well XRP doesnt have the fee, its soo fucking low that its meaningless.

How it works?
>send $dollars$ to UK
>they get converted to xrp
>a sec later they are converted to £pounds£
Its that simple, XRP acts as the middle man between transactions while reducing the fees, actually almost removing them.

>>55544920
>Its that simple, XRP acts as the middle man between transactions while reducing the fees, actually almost removing them.
But why can't banks just do the transaction without the middleman for no fees? If ripple is able to do it with little to no fees, surely there is a way to remove xrp from the equation and still have even fewer fees.

>>55545006
Yes XRP bypasses banks because banks slam their jew fee unto anything and evrrything.
Why cant they just do it? Nigger ypu following the news? Major banks are working WITH ripple.
You had 3 fucking years

>>55545036
> Major banks are working WITH ripple
*some major banks are working with ripple. The rest are sticking with SWIFT, so that will be an interesting battle to watch.

>>55544637
Still restricting in some jurisdictions if you bothered to read
>>55544649
>Doesn't understand why motions for summary judgment are filed

>>55545089
But that makes sense, SWIFT in anti JewSA. Last thing they want is their finamcial system supported by a centralized american crypto company.

>>55545036
>You had 3 fucking years
i hold 4000zerps, but I always fud my bags

>>55544920
doesn't btc already do this minus the small fee?

>>55543153
This coin does nothing
Don’t buy it, I’ll buy your shares.
> No spoonfeeding Allowed

>>55544730
>t. assblasted incontinent jew

>>55545201
Xrp is instant(~5seconds), btc is not (10/15min depending on the queu PLUS if you want faster ypu gptta pay even more fees)

>>55543219
>It is a Scam
I just sent 100 dollars in BTC and 100 dollars in ETH and 100 dollars in XRP all to my new Trezor wallet.
>It's not even crypto
The wallet now has 80 dollars worth of BTC, 83 dollars of ETH and 100 dollars worth of XRP.
>It has no use cases. Etc.
XRP settled within seconds, ETH validated and showed up within minutes, BTC surprisingly took minutes with its "Lightning network," but still cost a lot of money to transfer wallet to wallet.

TLDR?
>Cope Faggot

>>55545193
Baglet

>>55546599
>XRP settled within seconds
Yeah it can do that like the banks and paypal. Even I could make a centralized ledger what is super fast and cheap. It's not complex. But it's not decentralized. You don't know what's crypto is about.

>>55548082
>You don't know what's crypto is about.

>>55548082
Shut the fuck up. You lost.

>>55548082
>>55548082
Banks don't settle within seconds. It usually takes days and the banks on both sides front the amount you're sending based on both how much your bank trusts you, and whether or not your bank is trusted by the other. Usually your bank will hold your money in escrow until the funds are properly cleared rather than leaving it in your account which is why it looks instant.
Moving fiat is expensive and time consuming. If you don't understand this or understand why you need to go back.

>>55548135
You dont understand crypto bro. We are supposed to be our own bank with our 7 transactions per second and our 100 dollar fees using our old dino boomer tech

>>55548082
>But it's not decentralized.
And that's where you're wrong kiddo

>>55548144
Even Vitalik Buterin said XRP is completely centralized. There wouldn't be a big race to create zkrollups if there would be a decentralized solution what can settle in seconds and bear hundreds of TPS.
You are objectively wrong in every sense.

It's another $0.5-$1.0 shitcoin.
Pump and dump your 50% as per usual.

>>55548581
a 50% pump once every 5 years or so

>>55548537
Vitalik also argued that owning child porn is less worse than possesion of heroin.

>>55543219
now this is coping

THE MAXIPAD, ETHPEDO AND STINKYLINKY SHITCOINER COPE IS GLORIOUS

>>55548605
>muh whataboutism and misrepresentation
You just admitted that you are wrong by using a fallacy.

>>55548647
Doesnt matter, point is using that ayy looking motherfucker as a bastion of knowledge or even credibility makes a retard, even worse, a redditor.
Simple as

>>55548647
I only admitted that you should not listen to faggots like him because their opinions are worthless.
>my cousin who has a neigbor..well that neigbor has a kid, that kid goes to school, on his school, one grade higher there's a girl, her mom goes to the grocery store, the clerk at the grocery store has a friend that says that XRP is centralized

>>55548135
This is right when I got gifted on a bank outside my country it took a week to transfer it in my main account. Banks are fake and gay.

explain me this, you goddamn ape morons

if XRP is allegedly the next big ''treasury backed currency'' then how are you expecting to make money off of it?

literally no one will want to touch this coin if its evaluation is like 10x or 100x a regular dollar, but with the added value of being volatile as fuck?

i would understand if ripple, the company, made a fuckton of bank on this but why should you? arent you just an advanced bagholder at that point?

this isn't FUD but i would like to see why the rich wouldnt pull the rug under everyone else like they normally would and it would be nice to see someone reflect on this for a change, even if im talking to literal schizos here

>>55543327
This is your brain on ESL. You have it completely the wrong way, monkeynigger.

>>55543153
Retard dumbass, keep asking shit questions.
Already moved some from here to buy my long desires Seekers. Delivering decentralized communication in the open metaverse is such a huge utility.

>>55549131
>xrp settles in ~4 seconds
>price 'volatility' literally means nothing in that time considering swift takes days and in that time entire nations and their currencies can go extinct

>bank wants to move $1 billion
>they are in and out of xrp in ~4 seconds
>the higher the xrp price the cheaper the fees
the whole bAnKs R nOt GuNnA bUy Ur BaGs fud is literally retarded
the amount of money using xrp will unlock is insane
if it's so schizo just move on genius

hoping to suck the bankers cock, but they are actually just sucking cock

>>55543327
you are an absolute bozo, it is already a fact that XRP is not a security. All direct past transactions from Ripple to Institutions are securities but the future sales are not.

But still, XRP is trash and even after winning the case, the shitcoin can't even reach a dollar. You wanna know why? Because XRP is not designed for you to get rich, it is designed to have a value under dollar and be used for massive transactions, its value in the future will be like a stable coin. These XRP schizos are too lazy to find a better alternative of investment and they stick with this jewish coin.

>>55543153
Cross border remitences
>>55543219
Bitter linktard. Check out this pic.

So xrp is just...a Blockchain for moving money around on? That's the most basic shit ever. So the reason banks are supposed to use xrp instead of eth or btc is because xrps chain is faster and cheaper...so what? Blockchains get better all the fucking time. If it's just a fucking Blockchain to move beans around on then why is this so impressive? In 5 years it'll probably be standard for transactions to settle in fractions of a second. What would make xrp better then? Anyone can make a fucking Blockchain to move shit around on. I seriously don't understand why the crypto industry is so hung up on making billions of different blockchains that all do the same thing just at different speeds.

>>55550404
>a-anyone c-c-can make a fucking b-blockain...

>>55550483
In the years since eth exploded, how many new Blockchains have shown up with objectively better speeds and lower fees? A number of them right? It stands to reason that new ones will constantly get created and they're going to keep getting better. So why would xrp's selling point of speed and low fees be impressive then? There are likely chains right now with better stats. Blockchains are the most basic tech in the industry, we're past the point where making new ones is innovative.

>>55543831
Xrp is permissioned though. You can't be added to the UNL unless ripple approves it. The other nodes aren't partaking in verification of tx. They're just echoing the unl consensus.

>>55550878
>. You can't be added to the UNL unless ripple approves it.
Bullshit, every nodes has its own UNL
Ripple just provides a default UNL but that's it, just a default configuration to not have to build your own from scratch.

Lmao @ all the retards in this thread. When next 1000x pump coin bros and don't say xrp :)

>>55550650
You have no idea what you're even talking about. This is XRP and Ripple. Not some fucking random shilled shit from the shitcoin factory. Go do your reasearch and lower your tone when talking to the XRP holders