/biz/ - Business & Finance

Wow bazingacoin level shill

>>7092090
No the OP is right, probably gonna hit 2.30 - 2.50 in February before another massive dip but after that it's gonna back on a path to sail past ATH.

>>7092109
better than shitchain coins

Comfy as fk with bzc

I bought 5k at 6 cents so Ive been holding. I want to see where this goes, I have a feeling itll go up a decent amount again. Robinhood crypto offering it might bump the price up too.

[Performance]
-Ripple consistently handles 1,500 transactions per second, 24x7.
-Payment channels can process 10s of 1000s of transactions per second.

.
[Cost]
-A standard transaction costs just 0.00001 XRP.
-The cost is not paid to any party: it's irrevocably destroyed.

.
[Real-world use]
-5 institusions are currently using XRP (MoneyGram, Cuallix, FlashFX, IDT and MercuryFX).
-Many banks are currently using xCurrent. Since xRapid is cheaper (saves up to 60%) and provides final settlement, they are likely to transition to it.
-Bichip will use XRP in its RFID chips.
-A w3c standard that Ripple helped develop (and was demo'd by Microsoft) will be available in all major browsers, it'll facilitate paying with XRP.

.
[Economics]
-The supply is fixed.
-Unlike Bitcoin, there's no inflation. Bitcoin uses PoW which relies on inflation and/or high fees. Bitcoin requires $18M of net new $ flowing in just to maintain the price!!

.
[Security]
-Unlike Bitcoin, double-spending isn't possible. Bitmain (a Chinese company) can rollback Bitcoin's chain and bunkrupt the whole ecosystem.
-An attack could only stop new transactions temporarily. Participants would simply remove bad participants from their list

.
[Decentralisation]
-Each participant can run a validator and use his own list of validators.
-validators role is to agree on an order for new transactions
-10s of reputable public & private entities around the world are currently running validators (e.g., Microsoft, MIT, CGI, WorldLink, Bahnhof,..)
-Consensus for the order of new transactions requires a supermajority of 80%

.
[Incentives]
-XRP is a revenue source for Ripple Labs. This aligns its incentives with XRP hodlers. It uses the revenue to improve the tech and expand XRP's marketshare.
-Ripple Labs share is locked in 55 batches on the network. Only one batch can be unlocked per month. It would take them 5 years to unlock them all. XRP is sold only to long term investors (i.e., they can't dump).

>>7092090
They've released a bunch of statements today on their website. Anchoring partnerships and more adoption. Professionally presented and well written.

t. Ripple Mailing List.

just bought 50
am I mooning yet

soon:

>robinhood listing
>coinsquare listing
>uphold listing
>south korea's market recovery
>coinbase (probably)

This thing is nothing but good news, shit is even backed by banks.

>>7092090
> Cripple
kys OP

>>7093513
This pic makes ripple even cooler!