/biz/ - Business & Finance

it is a buy at 87 minishekels?

>>8190070
Normans bags are getting heavy.

The absolute state of statists.

>>8190138
It's a buy until you can find another asset that has a better expected rate of return.

>>8190591
Too bad that whole thing will be taken by Chainlink network.
And the best thing is, the banks don't even need a coin to use it.

>>8190625
nah dude it still makes sense for banks to use a blockchain, theres just no reason for it to be xrp. it'll be hyperledger using link for offchain data.

>>8190649
>nah dude it still makes sense for banks to use a blockchain
When they get Chainlink, it won't matter what blockchain they use, they will leech on any blockchain they want.

>>8190625
>>8190649
>>8190780

I can't tell if the chain link shilling is for real or is a joke to trick stupid people. Assuming you're being honest, you should still hold a little XRP in case the 100+ bank partnerships with Ripple turn into mainstream adoption.

>>8190942
Why would anyone need XRP, when there is a networks that makes transactions and executes smart contracts through the existing blockchain of your choice without any need for any coins or tokens?

>>8191033
Cool I guess theyll use that, oh wait theyre already testing this.

>>8191118
Lol no, what they are actually testing is R3 Corda, which is a private banking network, which was endorsed by Microsoft.
Any claims of XRP testing is just a lie.

>>8191033
Money is 1) a unit of account, 2) a medium of exchange, and 3) a store of value. We need money, regardless of what ledger system businesses and individuals use. This was figured out by the markets thousands of years ago. If every bank or corporation uses their own tokens, everything is fine until that bank/corporation/individual wants to do business with someone else who uses their own token. I shouldn't even have to explain what a shitshow this becomes as you add more and more tokens. The need for money becomes obvious. A universal unit of account, medium of exchange, and store of value. XRP is going to be the new money.

>>8190591
Nano will blow XRP out of the water for payments of any kind

>>8191460
They are both not decentralized...but nano is still lightyears more decentralized than cripple and has potential for decentralizing

>>8191415
So you mean like every country has its own currency today?

>>8191415
>ripple the new money

I've been laughing at this for a minute. Oh man, the absolute state of cripple bag holders

>>8191460
It would if banks and corporations were actually using it, but they're not. Are drug dealers and prostitutes even using it? The best technology won't decide who wins the crypto war. The people with the most money will pick the winner. The world's top 1% controls a controls a collective $250 Trillion in wealth, the top 10% controls $500 Trillion, and the bottom 90% controls about $90 Trillion. We all know what coin the top 1% favors. And the top %10 aren't stupid, so they're not going to fight against the coin favored by the top 1%. The bottom 90% don't control enough resource production to choose. They will work, buy and sell for whatever currency prevails. There is no need to be upset.

The black markets are already favoring Monero, and I believe that XMR will be the currency of the black markets and XRP will be the currency of the lawful markets. The black market is at most 20% of the world economy. Furthermore, all participants in the black market have a need for clean money, but not all participants in the legal market have a need for black market money. For example, all drug dealers need food, but not all food sellers need drugs. Therefore the maximum market cap of XRP is much greater than Monero, and the maximum market cap of Monero is much greater than other cryptocurrencies, which will have limited use cases, or will be the playthings of hobbyists.

this is fucking bullshit. ripple will take over the world and coinbase needs to step the fuck up and list it. if they don't they're going to be left in the fucking dust when ripple starts its own exchange that will absolutely DWARF coinbase. either they list or they'll become irrelevant and die in a few short months

>any exchange listing ripple
the absolute state

>>8191792
Ripple isn't used by anyone, it's a literal meme coin

>we are early adopters

>>8191033
source liquidity

>>8191912

>>8191912
>Ripple isn't used by anyone, it's a literal meme coin

Why would a memecoin that isn't used by anyone have the most transactions per day of any cryptocurrency in the world?

https://bitinfocharts.com

It's because banks and corporations are using it right now. They're smart, so they're keeping their mouths shut about it. They're going to let everyone else FOMO in whenever they figure out that XRP is the winner.

>>8192131
yeah, and exchange it for precious BTC
XRP is a banks scam to transfer their money into crypto and make massive profits of normans who don't realize XRP isn't even a crypto currency. trade it for gains, absolutely, just know what you're getting into and don't get caught with bags

>>8192240
>precious BTC

>>8192311
proof of work, same difference

>>8192311

>>8192340
Proof of Work is not the source of a cryptocurrency's value. Market demand is. Just like you cannot make rocks valuable by picking them up and putting them down 1000 times. Monero will survive as the #2 crypto and it is proof of work, but notice how Monero is ASIC resistant. The point of proof of work is not to make the currency valuable, but to prevent the verifiers of transactions from becoming centralized so that they can't double-spend. Ripple solves the double-spend problem by using trusted validators that can stop trusting validators that act against the best interest of the network. At this time, Monero can't un-trust a miner that is acting against the interest of the network, and if there were double-spends, they would need to make a hard-fork.

>>8192708
the dumbest thing i've read today on 4chan and that's saying a lot

>>8191626
Countries are much bigger than individual companies. However, an international currency is still more desirable than national currencies. Thats why we used to use gold and silver, and why the Euro was created. XRP was created specifically to solve the $27 Trillion nostro/vostro problem. XRP will be an international currency with a market cap in the tens of $Trillions, and yes, people, corporations and governments will use it as money. Review the pic in this post:
>>8190591

>>8191792
thanks for explaining this to brainlets

>>8190591
>>8191460
deluded newfags

>>8193048
Your welcome. Load your bags and get rich.

>>8192724
Idk about monero Technology but everything else he said was 100% right

>>8191460
nano is a proof-of-stake garbage and it has security issues

>>8192131
Yeah, banks are adopting their tech, but will privatize the coin - are you retarded?

If banks were going to use XRP, the same XRP you hold in your bags, they would be creating trillionaires out of thin air.

Why would a bank want to do that?

>>8191415
>>8191626
The only reason the concept of "one currency needs to exist, not multiple" is to support the scam that is fractional reserve banking, and this is a fact.

There is absolutely no reason that every state of the US could not have it's own dollar, everything would still work perfectly fine - except banks scheme to literally print and loan money that DOESNT EXIST.

They're going to do the same thing with crypto, and they aren't going to use some coin that people already own, their going to make their own "Tether", control the supply, and get even richer than they already are.

If you daytrade XRP, fine, but if you're holding it - you're not going to make it

>>8193526
Nah.

>>8193423
Lemahieu literally mentions in the nano whitepaper that precomputed pow with a 51% attack is a current issue and says theyre working on it with a few suggestions

That soyboy makes it sound like he just unxovered a big secret when its literally part of the whitepaper for everyone to read in plain english

>>8193593
Wow, totally beaned

>>8193590
>The only reason the concept of "one currency needs to exist, not multiple" is to support the scam that is fractional reserve banking, and this is a fact.

So if we all used gold, it would be a scam to support fractional reserve banking?

>There is absolutely no reason that every state of the US could not have it's own dollar, everything would still work perfectly fine

Each state having its own currency would suck. If you had any sense of imagination you would realize this.

>except banks scheme to literally print and loan money that DOESNT EXIST.

This is a problem. Hence the transition to cryptocurrencies.

>They're going to do the same thing with crypto, and they aren't going to use some coin that people already own, their going to make their own "Tether", control the supply, and get even richer than they already are.

They've already gone down that road and they are aware that the system is about to collapse. There's nothing left for them to buy because they've already printed $Trillions and used to to buy everything of value. That's why they're transitioning to a cryptocurrency with a capped supply. To protect what they have built and acquired. All evidence points to XRP being chosen as the next world reserve currency.

>>8193739
>So if we all used gold, it would be a scam to support fractional reserve banking?

No retard, you cant print new gold. That wouldn't be a scam at all

>Each state having its own currency would suck. If you had any sense of imagination you would realize this.

Doesn't refute the point - multiple countries have their own currency, and everything is still working fine.

>This is a problem. Hence the transition to cryptocurrencies.

See: Tether

>They've already gone down that road and they are aware that the system is about to collapse. There's nothing left for them to buy because they've already printed $Trillions and used to to buy everything of value. That's why they're transitioning to a cryptocurrency with a capped supply. To protect what they have built and acquired. All evidence points to XRP being chosen as the next world reserve currency.

See: The continued existence of the federal reserve, the one entity allowing banks to continue raising interest rates on money they don't have

XRP was literally designed to cuck brainlets who have no idea how the US economy works, I'm 100% convinced now.

>>8193830
The "imminent collapse" you think will happen is how banks have continued to exist in their current form to this day. Adopting a currency with a hard cap would literally destroy the banking system.

>>8193871
[not to mention the finances and global economic cucking ability of the entire country]

>he thinks we pay for anything
>he thinks we even can pay for anything

>>8193830
>>8193871
>>8193893

I think the source of our disagreement is that you believe the banks will always do the same thing, and I believe that the banks are smart enough to know when to stop and do something different.

>>8193995
I wish that were true - but unfortunately the federal reserve owns the banks. You should do some research into that; the federal reserve is a private company.

They've been enslaving America into public debt since before you were born, and they're not going to stop because of XRP.

>>8190070
Being a Ripple bagholder after getting denied by coinbase themselves has to be rough.

>>8194085
Why ? It wouldve been a nice boost but it isn't death for the project. I'm quite comfy. Still up on em even through the dump. It held through pretty well

>>8194085
there's very little chance that Coinbase won't list XRP. I'm glad retards like you can't see it, Coinbase normies deserve to buy low before you.

>>8194216
I mean it's really funny, the /biz/tards believe Brian Armstrong is simply protecting the degenerate gamblers who buy XRP to dump on his customers. They beleive a crypto index fund for the top currencies won't include the top #3 coin that has been around for 5 years and attracts old money a lot. They believe Coinbase will allow other sites like Robinhood to steal their customers easily

>>8190942
the link shilling is an oldfag meme
I agree, holding some xrp now is like holding eth back in the day

>>8190187
Bags r heavee hands are salary

>>8194284
>the link shilling is an oldfag meme

>>8194271
>>8194216
To that end, why haven't they listed a bunch of other shit in the top 10?

>>8191626
Yet most everything is traded internationally in only a few of the biggest.

>USD
>Euro
>Yen
>gold

Even as recently as 1940, what did Europe use to buy arms from the US with? Gold. Physical bullion shipped around the world to purchase arms.
Every country may have a currency to transact locally, but that's not how value is traded internationally.

This shows how grossly ignorant of international finance and economics this supposed "business" board is. Your point only serves to highlight exactly why XRP will be adopted universally.

>>8194271
>"T-they will list it because m-muh Robinhood and stuff"
Yeah, okay. Good luck with your obvious massive bags. When did you buy? Be honest, $2? $3?

>>8194555
>To that end, why haven't they listed a bunch of other shit in the top 10?

because the rest are shit and very new, with exception to monero
NEO
CARDANO
EOS
Monero

monero can't be listed for obvious reasons.

>>8194609
bought at $0.2, sold 30% near ATH. Planning to hodl for at least a year. XRP is literally the safest bet in crypto, if you can't see that, you are retarded.

>buying anything other than monero

>>8194711
XRP and Monero will be the top 2. One for the lawful economy and the other for criminal economy. Monero is slow and expensive, people won't put up with that for 99% of payments.

>>8194626
What does being shit or new have to do with securing business?

>>8194736
it's clear that crypto is starting to get serious attention, in 2018, utility will be the biggest driver for market cap, not speculation. Expect few coins to survive. Sia will survive too if the project is solid.

>>8194764
liability

new = not tested enough


EOS is just a token and might be considered a security.
NEO is run by like 4 nodes and just crashed like 2 days ago.
Cardano? I don't know enough about it, but it's still new.


If people buy a coin and the chain gets fucked up, Coinbase will have to compensate their customers, that's why they don't list everything. Money from fees would be spent on lawsuits.

>t. xrp bagholder bought at 95 cents
im not worried though. i have a great job and plenty of money to live on. either XRP goes to $10 and my life changes drastically or it does nothing and my life stays the same. either way i win so whatever

>>8194831
just an advice, don't sell more than 50%, hodl 50% for at least a year or you will end up regretting it. Interledger and Codius will take XRP to another level.

>>8194826
You seriously think coinbase can be held liable for a coins poor performance or hack just because they list it?

>>8194861
10-4

>>8194887
you seriously don't? laws and courts favor the investor. Only exception if the coin is well known and old like bitcoin and ethereum. If they bring new shit and something goes wrong, they will get fucked.

Ripple is proof the Holocaust needs to happen for real this time

someone on stocktwits said they bought 95k XRP, all hyped up for a moon mission, posted it right when it peaked at $1.08 just before it tanked

>>8194062
I know all about the Federal Reserve and that it's a private corporation with shareholders. Ben Bernanke has publicly endorsed Ripple/XRP. I believe that XRP will eventually be about $1000, with a $50 Trillion market cap, and that Ripple will keep about 50 billion XRP in reserve. At that point Ripple will be the head central bank of all the central banks of the western world, and they will use their reserves of 50 billion XRP to selectively intervene in the markets for at least 100 years. This is how the central banks transition to a new world reserve currency without going to the public and saying "Hey everybody! The international fiat-money debt ponzi scheme is about to collapse! We're transitioning to a new currency because the debt is unpayable!" That would result in worldwide panic selling that would collapse the global economy. Instead, they make it look like the free market is "choosing" the best cryptocurrency, when in reality it is the people who own and operate the Fed and other central banks that bought Ripple when it was a tiny company and then custom-made XRP, xRapid, xCurrent, xVia, Interledger, Codius to meet their every need.

>>8194959
where is the crypto regulation lmao? i thought crypto was all about decentralization? why do you want a court and lawyers involved?

>>8195512
>why do you want a court and lawyers involved?

Nnever said that. Learn to read, nigger.

>>8195500
This.