/biz/ - Business & Finance

Fuck off boomer

nevah

Climbinggg

>>7473239
its mooning right now

Shorted 100k, thanks op

>>7473239
>XRP
>King

still the most hated coin on /biz/.
all of you guys should know what to do........

>>7473922
>Absolutely no real world use case
>Majority of XRP is owned by Ripple company
>Only reason it is #3 is the shilling in the media
>The alleged use case only sounds useful to a brainlet who doesn't know that banks don't need Ripple to do any of it

>>7474003
No it's #3 because they don't disclose how much is actually being traded or released or is on exchanges or any metric to actually evaluate it.

Who initially gives this shit to the exchanges? Or are ripple selling it directly on the exchange?

>>7474052
The entire existence of the Ripple company is propped up by selling off it's supply of it's own coin. If Ripple ever moons for dumbshit reasons, like normies FOMO'ing in, get ready for a massive dump, like what happened when it almost reached $4.

Again, the entire stated purpose of this shitcoin is to solve a problem that banks don't even have.

>>7474003
had to stop by the moment I read no real use case. sorry.
since some in here still haven't noticed: there is only one term that will matter for the whole crypto space in 2018. it is called REGULATION.
ripple has gotten so much shit for being in bed with those responsible for regulation and compliance.
now, whether it was the senate hearing or the ecb president's address regarding crypto .
only those ASSETS compliant to the rules of the financial sector will remain. and if you would have done a little research you would realize that ripple were always looking for the spot as the first fully compliant digital asset to get going.
whether you like ripple or not, you surely can't argue that they do not know what they're doing ffs.

>>7474204
They know exactly what they are doing. My point is that it's not 100% honest, not by a long shot. It's a giant fucking scam, legal or not it's still a fucking scam. Again, the entire purpose of it is to solve a problem that banks don't even have. Ripple moons, the company dumps it's supply onto the market to profit. What you just wrote is a bunch of nonsense that sounds good to a brainlet but not to somebody with an IQ above room temperature. Go ahead and buy Ripple, but don't expect it to perform as well as ETH/BTC or anything else in the top 10. You're going to be dumped on by Ripple Labs any time the price goes into blue sky breakout.

>>7474204
Best ripple related post this year. Thank you anon, may 2018‘s riches be with you.

>>7474385
aaaand another one. had to stop by scam.

It's not that xrp is particularly mooning (in fact bcash is mooning harder) but that king btc is dying.

(It's a blue-light filter on my phone.)

>>7473239
>people unironically hold XRP

>>7474385
>the company dumps it's supply onto the market to profit
You need to dig a little deeper with your research, that's not how it works. I sold my Ripple at a profit because there are better opportunities, it's still not a bad investment though.

>>7474692
What choice do I have?
I bought at $2.32.

>>7473239
>he bought at $3.50

Just cut your losses an buy XLM, it'll be here in less than a week for 500-1000% gains

>>7474385
He can’t keep getting away with this. You should be banned for posting his face

>>7474385
BTC is dying. even the worst shitcoin is faster and cheaper than BTC. the sooner it dies the better. i cant really grasp how it still clings to life.

>>7473239
OP please fuck off back to plebbit with this fuckin kikecoin

SAGED

[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).

China's largest e-commerce payment provider partners with Ripple.

https://ripple.com/insights/lianlian-pay-joins-ripplenet-provide-faster-payments-china/

>>7473239
>>7473651
>mooning
Can you faggots @ the very least learn how to zoom out?

Bread Garlichouse: "The Bank of England is a customer of Ripple."

https://finance.yahoo.com/video/markets-summit-crypto-213249996.html