/biz/ - Business & Finance

Ripple 101
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-The supply is fixed. There's no inflation.

-The current transaction cost for a standard transaction is just 0.00001 XRP.

-The transaction cost is not paid to any party: the XRP is irrevocably destroyed.

-Ripple consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.


-Ripple Labs share is locked in 55 batches, only one batch can be unlocked per month. It would take them 5 years to unlock them all. This makes their incentives 100% aligned with XRP holders. Ripple Labs is always working on creating new partnerships (e.g., Amex, Santander, ..) and expanding XRP's marketshare.


-Ripple doesn't use proof-of-work anywhere which requires inflation and/or outrageous fees (as in Bitcoin)


-Ripple is more decentralized than Bitcoin. With Bitcoin, you have no choice but to trust whoever purchased the most hashing power (currently it's a chinese company called Bitmain). With Ripple, you can run your own validator and setup your own trusted validators list. 10s of non related reputable public and private entities around the world are currently running validators (e.g., MIT, Microsoft, ..etc), many more keep joining.

.
-The software is open-source (Stellar was a fork of Ripple).

>>5675435

>>5676404
Wow ripple PR team investing on /biz shill threads !

>>5676404
fuck off paki bot

>>5676551
How is that a shilling exactly?
Explaining how it works = shill?

>>5676533
kek

Bye ripple

>>5676404
Ripple company's profit exist solely on it's shitcoin going up in value. The company owns a huge portion of it's shitcoin. Therefor, in order for the company to stay profitable it needs to dump it's shitcoin on the people dumb enough to buy it.

RIPPLES GET CRIPPLED

>>5676551
I actually researched the tech and I believe in it.


>>5676533
>price in BTC

retarded or trying to get retards to sell?

Anything in the world (even fiat) would have a similar chart because Bitcoin surged.

Now here's the XRP/USD chart.

>>5676758
It sells only to institutional buyers who can't dump in the market because of legal and technical constraints. They also have another sustainable source of revenue, providing support for all the institutions using the protocol.

>>5676819
>They also have another sustainable source of revenue, providing support for all the institutions using the protocol.

So that's stopping the banks from developing their own system apart from Ripple? Also in order to use ripple banks have to gut their systems which us expensive and time consuming.

>>5676758

fuck it sucks how you live on a little world where you just can't trust no one.

must be frustrating.

XRP holders live on a place called Earth, are you familiar with it?

>>5676758

"THEREFOR"

LMAO GO EASY ON THIS ONE HAHA

>>5675435
Ripples pump is over, its dead for the next 6 months. Get out and in to BCH or Ether. If you bought the peak, better hit the Gym, those bags are going to get heavy.

>>5676404
Which tool produced that screenshot?

>>5675435

>>5676644
But that's not how it works. It's a false representation, omitting details and cherry picking. Doesn't even list any problems or cons to XRP

>>5676404
nice try pajeet, how about no fees at all and 7000tx/s ? XRB is here to kill your shitty bankcoin

>>5677156
I saved it from another anon. I guess he just combined them with any photo editing app.

>>5677118
it's just beginning actually. Unlike Bitcoin and Ether, XRP serves a real-world purpose, and Ripple speaks to an industry that is worth trillions of dollars.

considered buying back at literal bottom
didn't do it because I thought I'll get even better opportunity once I wake up
just woke up

just end my suffering already

>>5677187
m8 I don't fucking care about all those shits I'm just daytrading and flipping shitcoins, been doing so for the last 7 months

>>5677215
Suit your self guy. You were warned.

>>5677294
I'm hodling for at least a year. I watched it fall many times below $1 and didn't even consider selling for a second. The fundamentals are solid. This is the first crypto that's actually production ready.

>>5677290
How exactly do you flip shitcoins? I want to make money short term.

>>5677061
>>5677093
Say that to my face fucker not online see what happens

btw I'm a US Navy Seal, combat trained, mother f*cker, you street shitting Indian

>>5675435
>price increase on diminishing volume

Nice try anon, but I don't but dead cat bounces. Let's see which way this moves when momentum starts to pick up again.

>>5677404
see >>5675435

>>5677625
yeah, that's not a dead cat bounce though

>>5677650

>it's da joos xD


you faggots are worse than antifa commie retards

XRP makes no sense for me. I bought low at around 0.75 and I'm in the red with 3 digits

I will close the option
Any idea where I should place the money now? Hold kills my portfolio

>>5677785
XLM and LINK

>>5675435
thats now how you pitchfork lol

you just picked some arbitrary points to make the channels work?

>>5677778
He's right, though.

BUY RIPPLE = GET CRIPPLED

>>5677778

>>5677842
How high will it go before it takes again 3.50?

>>5678102
Your lack of basic English grammar is spewing out Pajeet.

Don't forget to hang yourself soon.

>>5675435
Actually it is not fixed the devs can change the supply as much as they want