/biz/ - Business & Finance

i might post something useful as well
ripple videos (watch all 7)
https://www.youtube.com/watch?v=3zW_DN9pkbM&t=1s

muh centralized muh print xrp:
https://www.youtube.com/watch?v=Y7fDEO15MGI

xrp community: https://www.xrpchat.com/
https://www.reddit.com/r/Ripple/
https://forum.ripple.com/
facebook: kek
xrp metrics
#1 in transactions: https://bitinfocharts.com/comparison/transactions-btc-eth-ltc-xrp.html#6m
other metrics: https://xrpcharts.ripple.com/#/

ripple partners: http://rppl.info/

find answers: David Schwartz, ( sjoelkatz ) Chief Cryptographer at Ripple. (AMA)
https://www.reddit.com/r/IAmA/comments/80ppfl/i_am_david_schwartz_chief_cryptographer_at_ripple/

https://www.bloomberg.com/news/articles/2018-04-04/ripple-is-said-to-struggle-to-buy-u-s-listing-for-popular-coin

cautious pause...
BWAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAAHHAHABAHBAHAHHAHAHBAHBAHBAHBAHBHABHABHAHAHAHAHAHAHAHAHHHAHAAHAHHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHABHABHABHABHABHABHABHABHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAAHAHAHAHAAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHA

>>8763606

Not spreading FUD, just what I see as pro and con:

Con:
- payment to Gemini and Coinbase
- Garlinghouse made a statement on the value of XRP
- in fact not the whole chain can be audited
- McCaleb still holds significant amounts
- xCurrent can handle other crypto and fiat as well
- XRP migth be considered a security in the future
- unsolved reason for P&D in Dec/Jan
- still dropping from said P&D
- basically centralized
- henn/egg-problem with liquidity providers

Pro:
- huge funding from VC
- VC have an incentive to push banks to adapt XRP
- influential, well connected staff
- xCurrent already works as far as I know
- quite fast (used it myself to transfer funds between exchanges)

Con overweights for me, mostly because I do not trust devs, who make statements on the value of their currency.

>>8764720
Addendum: "payment to Gemini and Coinbase" means the offering when they list them.

>>8764731
This is like a bribe to ignore the FTC's warning for exchanges to not list anything that could be considered a security. Shady shit XRP wants to do.

>>8764586
>U.S. officials have warned unlicensed exchanges not to list tokens that could be deemed securities.
if coinbase would list xrp today and in the future xrp would be considered a security that would mean trouble for coinbase, so they are being cautious about listings
xrp has a great potential when the regulations get clearer since it would also give green light for financial institutions

>>8763606
oh yes bitch? what happen to coins Ripple sell each month?

>>8763606
Banks don't give a shit about XRP, if you think that by investing into XRP you're investing into Ripple you're mistaken.

>>8763606
It's a centralized closed-source POS

>>8764720
>payment to Gemini and Coinbase
some people see this as a shady shit, but it is everyday thing on binance, its to cover listing costs
>McCaleb still holds significant amounts
this is indeed worrying, even though he cant flood the market, they should have bought his bags when it was worth 1M
>xCurrent can handle other crypto and fiat as well
this would only be a problem if ripple starts to make a xrapid version with other crypto
>basically centralized
xrp is prone to decentralizate when scaling, unlike pow. having enough xrp stacked is a incentive to run a validator and it is not as expensive as runing a miner
>unsolved reason for P&D in Dec/Jan
to be fair every coin in the crypto market sufered this

>>8764928
they dont flood the market each month, most of xrp tokens are returned to scrow and great part of xrp are sold/given to institutions that want to pilot/use xrapid
bitcoin are created and it is not harmful, xlm stellar are given away each month too, and it doesnt crash the market
>>8765004
payment providers do give a shit.
>>8765039
>closed source , POS
are you sure it is closed bud, you might want to check it again, and do you know what is pos and what is consensus algorithm, im not here to spoon feed you but they are not related at all

>>8763606

Ripple is gay. Prove me wrong.

Pro tip: You can't.

All you need to know in one sentence:

67% is held by the ceo.

>>8765426
no u

GOTTEM

>>8765426
you cant touch xrp with your balls thus its not gay

>>8765493

Damn. Well played sir.

>>8765364
>some people see this as a shady shit, but it is everyday thing on binance, its to cover listing costs
Everyday things going on in bucket shops like Binance would bring people in prison, please do not normalize this behaviour.

>this would only be a problem if ripple starts to make a xrapid version with other crypto
They long confirmed to be able to use other crypto or fiat, as far as I know.

>xrp is prone to decentralizate when scaling, unlike pow. having enough xrp stacked is a incentive to run a validator and it is not as expensive as runing a miner
Does not matter that it may be decentralized later - it is not now. Not as bad as e.g. with IOTA, as they advertised it as decentralied despite the validator, but still a point of criticism.

>to be fair every coin in the crypto market sufered this
Doesnt concern the people who look into the past of the project for regulatory reasons. If an executive took advantage of it, they look into it.

>>8765569
>They long confirmed to be able to use other crypto or fiat, as far as I know.
yes, xcurrent is currency agnostic, you can use bitcoin with it, even bitconnect, but there is no reason to do it manually when you can just plug in xrapid, xrapid is supossed to be the next step for a financial institution after xcurrent implementation

list of active validators
https://xrpcharts.ripple.com/#/validators
as you see, it is not as centralized as people think

XRP is beta abandoned version of XLM. Their only aim is "crypto for banks" while no bank is using it and maybe never will. If they will, the price of XRP is not going to be pumped by the banks because they will not be entering a public crypto exchange market but use the 60bln XRP reserved by Ripple labs with artificial value. These transactions will have no effect. This is if actually any bank ever decides to pay a private company billions to be in charge of their financials (lol) and support the CEO to become the richest person on the planet (this time for real). Err.. muh crypto for banks..

Good info OP. But all anybody cares about is the price. Price prediction please

>>8766238
Lol

>>8766149
Beautiful anon. Saved.

>>8766238
pic related, (you) (lol)fag
adoption by banks would shot the price up and cause the biggest bull run ever, xrp would get that sweet institutional money every coin craves for
>XRP is beta abandoned version of XLM.
xrp is not abandoned at all
interledger and codius are being developed
and its newest upgrade, cobalt. promises transaction time reduction to 1 second
https://www.xrpchat.com/topic/19676-ripple-submit-2-papers-to-analyze-the-xrp-ledger-consensus-protocol-and-introduce-new-one/

bought xrp at .25 sold at 2.75... and I'm never touching it again ever.

it IS a security. period. the company Ripple uses the token XRP for access to liquidity when they need it. security.

Banks don't need Ripple or XRP... they have Hyperledger and R3 Corda. both are tied into large financial institutions already and both aren't affiliated wif da cryptos.

LMAO XRP has ... moneygram LMAO not even Western Union but the lame step-Western Union. Money gram is what Mexican immigrants use to send their shitty families the shit money they get from cleaning up shit.

>>8766512
NO

I think XRP's time will come but it wont be until the regulatory hurdles have been cleared. It might be a year away but hodling will pay off immensely. no one this board wants to hear they have to exercise patience though

>>8766618
Is this the new meme?

Maybe

>>8766719
Psssht prophecy ;)

We are going to rise

>>8763606
Anybody who would invest in a "cryptocurrency" where the creators "premined" 100% of supply and kept 80% for themselves is a fucking retard, even if the tech is interesting...

>>8766847
No

>>8763645
https://www.youtube.com/watch?v=Y7fDEO15MGI

110 Billion XRP in total?
60 Billion on the market as of the video being made and 1b per month for 55+ months

People are expecting this to reach $10+

>>8764818
Shit, so when will a definite designation of xrp as either a security or not. because if its designated as a security, then even bittrex might delist it.

>>8767172
Yes, but if it's classified as a security then it could be available on etrade, Schwab, etc. All the normies, boomers and corporations worldwide can buy it online easily.

>>8766149
Why does the king's scepter have infinity on it, and why is the scepter broken? Who is the king? What does he represent? What does the scepter with infinity represent?

>>8763606
It goes against the whole concept of the coin to be worth more than $1.00. That’s why the supply is so high. If you bought in at launch and sold anywhere above 1.00 you scored big.

There are too many xrp. Sorry

>>8766149
>>8766719
>>8766768
>>8766831

>>8766512
They also have western union you fucktard

>>8763606
cryptos in limbo, no bimbos in both arms akimbo, no lambos because no gambos, stuck playin hambone at home, maybe i'll try BitMEX then get rekt, liquidation got my account, now im stuck communiting to work in subway stations and stick my bits in ripple, praying for a triple, wish I could fly to Hawaii but my bankroll is crippled, Tostitos > Doritos and dip a Chip, Kelly your NFL coaching is smelly got to watch you play PAC-12 on the telly

>>8766149
I swear xrp attracts all the conspiracies and delusional investors. The same people that track Bigfoot buy xrp.