/biz/ - Business & Finance

[Anonymous No.11214592]

XRP will be #2 again today.

What the fuck can we do??????????????

[Anonymous No.11214595]

>>11214592
dump all your link

[Anonymous No.11214596]

Dump

[Anonymous No.11214629]

>>11214592
is XRP even mineable or dencentralized? what even gives it value?

[Anonymous No.11214640]

>>11214629
The fact that banks are ACTUALLY using it, and that the soon to be released xRapid are creating hype so people are buying.

[Anonymous No.11214649]

>>11214629
Ripple showed it's more decentralized than both Ethereum and Bitcoin. Even Satoshi Nakomoto called XRP decentralized..

We're fucked..

[Anonymous No.11214657]

>>11214629
>doesn't know what gives things value

idiots buying it. Hell, people even buy things like diamonds, so no real surprises there.

[Anonymous No.11214678]

>>11214640
>>11214649
this explains nothing banks currently already have systems in place that transfer wealth and have no value. What gives XRP value if it isn't mineable?

[Anonymous No.11214685]

>>11214678

SWIFT: 3-5 days, costs up to 5%
Ripple XRP: Instant (3 seconds), costs a fraction

Motherfucker you decide.

[Anonymous No.11214698]

>>11214657
Diamonds have value because they are rare and require work to produce them and are a physical product.
XRP's popularity always confuses me, but it just shows how hype/bullshit driven these markets are.

[Anonymous No.11214721]

>>11214592
thanks just bought 100k

[Anonymous No.11214727]

>>11214698
it confuses you because you can't compute. It's not something wrong with XRP it's a lack of processing power in your little fart of a brain son

pic related you

[Anonymous No.11214732]

>>11214592
holding 20K XRP is going to be life changing in near future

[Anonymous No.11214734]

>>11214592
join us

[Anonymous No.11214735]

>>11214592
All you have to do is buy in with over half your stack and it will plummet.

[Anonymous No.11214745]

>>11214685
>the absolute state of biz
No one can ever answer my question, including this dumbass. SWIFT is not a token or coin and has no value as a currency. So what the fuck gives XRP any value as a speculative token?

[Anonymous No.11214753]

>>11214745
keep chasing fairness in this world boomtard. also stay poor and kys

[Anonymous No.11214755]

>>11214727
>another dumbfuck who doesn't have an idea what is going on
>hurr durr pic related is you
You can't even explain the simple function that gives XRP value and I'm the dumbass? Sorry faggot not buying your shit filled bags.

[Anonymous No.11214762]

>>11214745
dyor retard, xRapid wich uses XRP to source liquidity makes the nostro/vostro bank accounts (trillions of USD locked away) obsolete

[Anonymous No.11214767]

>>11214753
>he doesn't know either
>paying for a centralized token

[Anonymous No.11214768]

>>11214755
This isn't xrp for retards class am not sure they run those but check in when the doctors visit you next week

[Anonymous No.11214787]

>>11214768
kek

[Anonymous No.11214790]

>>11214767
u chainlink fgts in damage control?

[Anonymous No.11214794]

>>11214755
what value does USD add?

[Anonymous No.11214797]

>>11214762
>dyor the battle-cry of brainlets
>can't answer simple question
you have no fucking clue what is going on kys

[Anonymous No.11214800]

>>11214767
>centralized

[Anonymous No.11214806]

>>11214797

[Anonymous No.11214849]

>>11214768
>he can't answer the question
>he doesn't know either
>hurr durr no one can answer your simple question you're a retard
>>11214794
>what value does USD add?
>USD adds to what?
sorry pajeet try again, your question makes no sense.

[Anonymous No.11214863]

in all seriousness xrp the token has no value and you're all falling for a literal jewish pump and dump of epic proportions
even eos, even omg, even chainlink make more sense as holds than xrp

[Anonymous No.11214866]

>>11214849
asking why something has a value is fucking retarded question you should know by now
it has this value because someone on this earth is willing to pay specific amount of USD for it
the value increases because of anticipation and speculation, the current speculation is that
xRapid will go live in October ... this year = actual utility of the XRP token to solve the nostro/vostro problem, fucking DYOR and KYS.

[Anonymous No.11214869]

>>11214863
>no value

[Anonymous No.11214891]

>>11214869
calm down
plenty of people have lost money in this market
if you sell now and buy a real crypto, you might make your losses back in the next bull run

[Anonymous No.11214903]

>>11214891
Be gone little nigga

[Anonymous No.11214925]

>>11214863
Can't Cripple da Ripple
XRP gonna cause ripples in the global banking sector

[Anonymous No.11214944]

>>11214629
Ripple Company owns most of the XRP. Its a token that it sells to retards in order to raise funds to develop other banking technologies completely unrelated to the XRP token.

In other words its the longest exit scam in crypto history. Price will tank When Ripple decides to dump, just like last time.

[Anonymous No.11214959]

>>11214944

[Anonymous No.11214967]

>>11214944
T I C K L E M Y N I P P L E S

[Anonymous No.11214976]

>>11214944

This is what civilizations and societies are built on, like the one you are living in right now. Someone needs to have a lot of it so they have reason to keep backing it.

[Anonymous No.11214979]

>>11214959
Nothing I said is on this bingo card you retarded faggot

[Anonymous No.11214980]

>>11214866
>DYOR == I don't know
>only value is driven by greater fool theory
You aren't selling it very well, nice try though. There is no work being done to give it value and it's being run on a centralized network. The goyim are dumb as fuck.

[Anonymous No.11215011]

>>11214944
>vaporware
That is what I figured, thanks anon. Twitter tier redditfags trying to dump their bags on bizbros.
>>11214959
>hurrr he can't answer the easiest of questions so he just spams reddit memes
add that to your bingo card faggot, no buying your bags.

[Anonymous No.11215038]

>>11215011
Looks like you got it all figured out Habib. Dont let these guys make you cry just because some of the facts they are dropping are hard to swallow, just do what you do when you blow your dad for pocket money.

[Anonymous No.11215057]

There’s no point arguing with these idiots because they always ignore the question on whether banks use the XRP TOKEN, not just Xrapid. It’s because they don’t and they just refuse to believe that. To the non-pajeets , don’t buy xrp because the TOKEN has no value. As for ripple the company, find a way to purchase their shares which is impossible.

[Anonymous No.11215086]

>>11215057
It's quite pathetic that XRP is #3 (or sometimes #2) despite it having no use case at all. People hear that banks are backing it (which they really aren't) and they flock to pump money into it without using their brains. Normies just vomit the same shit into each others mouths about it being the future of banking despite it being nothing more than a tool by the Ripple Company to fundraise for it's other banking technologies (this shit is not even in dispute or FUD, fucking DYOR). Literally a giant, long and drawn out exit scam.

[Anonymous No.11215092]

>>11215057
>they always ignore the question on whether banks use the XRP TOKEN, not just Xrapid
xRapid is XRP use retard

[Anonymous No.11215095]

>>11214629
XRP is the fastest coin to send between exchanges.

[Anonymous No.11215104]

>>11215038
>no facts
>no idea how it works
>more twitter memes
>14 yo banter
kys pajeet

[Anonymous No.11215113]

>>11215095
Zero work is being done of course its fast dumbass.

[Anonymous No.11215128]

How can anyone honestly think there is no use case? Every brainlet on biz must be in this thread.

[Anonymous No.11215142]

>be me
>miss btc train
>miss eth train
>miss other shit coin trains
>first crypto is gonna be xrp
>gonna invest 300 into it
I hope i make enough to move out or something

[Anonymous No.11215144]

>>11215128
It does have a use case. It generates shitloads of money for the Ripple company.

[Anonymous No.11215151]

>>11214891
"""buy a real crypto"""
like the ones controlled by three chinese mining pools?
>my sides

[Anonymous No.11215155]

>>11215144
lol checkmate faggots

[Anonymous No.11215161]

>>11215144
They don't sell very much desu. Only $73.5 million in Q2. How much do you think Bitmain made in Q2?

[Anonymous No.11215175]

>>11215161
It's a long and drawn out exit scam. XRP buyers are investing in a slowly sinking ship. Once Ripple dumps it's last XRP (whenever that is) it has no incentive or responsibility to do anything more with the project.

[Anonymous No.11215182]

>>11215142
At 52 cents? Are you really going in now?

[Anonymous No.11215208]

>>11215182
Thing is, live in canada and uphold is kinda being a bitch. Still dont have any xrp but i got verified atleast

[Anonymous No.11215212]

But ether idiots

[Anonymous No.11215215]

XRPs have similar properties to Bitcoins:

* They are divisible to many decimal places
* They are easily transmitted electronically
* They are fungible and homogeneous

XRPs have advantages over Bitcoins

* They cost less to transmit electronically
* They have intrinsic value (they enable transactions)
* They are truly deflationary (they get destroyed when used as transaction fees)
* They operate on a network that can scale almost limitlessly

XRPs have all of the attributes that define a good currency

The Ripple network implements a self-issued credit system that leverages transitive trust relationships to enable the broad circulation of digital IOUs. These money substitutes require risk management on the part of every user, as they need to trust at least one other entity in order to participate. But the XRP currency that circulates in Ripple system is special compared to the gateway IOUs:

XRPs have no counter-party risk, and transmitting them doesn't require gateway fees

In a fashion similar to Bitcoin, XRPs are secured by the consensus algorithm and cryptographic properties of the system. There is one big difference between Bitcoins and XRPs:

[Anonymous No.11215218]

>>11215151
>>11215161
>oh shit they checkmated us
>steer the conversation to bitmain as a last ditch effort
>bitmain does work by developing, manufacturing, and using mining equipment to generate revenue
>anyone can start a company similar to bitmain
>only $73.5MM for somethig worth 0.

[Anonymous No.11215221]

>>11215175
You're completely brain dead. Do you realize how much XRP they have? You can't "exit scam" with 60 billion.

Let's assume the worst - Ripple is a bunch of greedy bastards who only care about pumping their bags and making as much money as possible at everyone else's expense. In that scenario, the ONLY way they can do so is to continue pursuing their current plan. That means to find a real use case, drive adoption, and create long term demand for XRP as a bridge asset within Ripplenet.

Only then would it become possible for them to eventually sell all their XRP and maximize their profit.

The problem is you have no idea the scale of what Ripple is attempting to accomplish, so you think that some short term pump and dump is in the cards. Hilarious. Ripple has been working at this for 5 years, and probably will be for another decade or two.

And I've still yet to get an answer from a single fucking person on here why it is okay for mining pools to rape bitcoin users for billions, but Ripple can sell a tiny bit of XRP. Especially when Ripple's financial incentive (higher price, long term demand) is directly aligned with all holders.

[Anonymous No.11215231]

>>11215113
Can you honestly tell me why you thought I needed to be insulted?

[Anonymous No.11215233]

>>11215218
LMAO you think Bitmain is helping people generate revenue? They only sell their asics after they've developed new ones. That means you can only buy them after they are no longer profitable.

And no, just anyone can't start a company similar to Bitmain. You better have some serious cash to invest or you're just wasting time.

[Anonymous No.11215236]

>>11215208
Well, I hope it dumps before you buy in. Good luck anon.

[Anonymous No.11215245]

>>11215215
only you don't just decide to be a currency, you earn it, with users.

bitcoin is the de facto crypto value currency, xrp is merely some token owned and operated by the ripple company, that they're trying to shoehorn into anything to prop the price up via speculators, because its currently _their only source of income_

[Anonymous No.11215269]

>>11215245
Listen lil boi....

Im reading pathetic trolls since a long time.
Banks will see XRP as the "de facto crypto value currency".

You heard it here first -> government regulations will lead xrp to be the go to currency to buy other shitcoin currencies.
BTC will remain but it will be struggling with XRP ;) for the Nr1 spot

[Anonymous No.11215403]

>>11215215
>XRPs have advantages over Bitcoins
>They cost less to transmit electronically
they cost less electricity because zero work is being done.
>They have intrinsic value
So does bitcoin and any other POW coin
>They are truly deflationary
I would hope so on a centralized network, you want ripple paying themselves for completing transactions with themselves?
>They operate on a network that can scale almost limitlessly
Again with zero work being done this is a given.
>Followed by a bunch of buzzwords tip toeing around the centralized no-work system.
>>11215233
learn to read and I'll reply to you

[Anonymous No.11215414]

>>11215403
Wasting energy is not valuable. The fact that XRP solves double spending with minimal energy consumption is a great thing. Mining is so awful that it actually introduces a new vulnerability (the 51% attack) that more carefully designed cryptocurrencies are immune to.

[Anonymous No.11215550]

>>11215095
is BHC not faster?

[Anonymous No.11215555]

>>11215414
xrp has a huge pool but in time it would die anyway cause when accounts are made 20 XRP is lost. it doesnt work forever

[Anonymous No.11215569]

Buy eth because cripple will never legitimately be number 2. Never.

[Anonymous No.11215578]

>>11214745
The answer to your question is easily found on the internet dumbass.
For each transfer a small amount of XRP is burnt.

[Anonymous No.11215585]

>>11215550
BCH? It has 10 minute block times with multiple confirmations required. XRP requires 1 confirmation that takes about 3.5 seconds.

>>11215555
The 20 XRP reserve is just an anti-spam measure. It isn't "lost", you just aren't able to transfer it until the reserve is eventually lowered.

[Anonymous No.11215590]

>>11215569

mETH holders at the moment

[Anonymous No.11215619]

>>11215414
>tfw you realize it's an actual pajeet

[Anonymous No.11215628]

>>11215619
What work is Mona Lisa doing hanging on the wall? What gives it value?

dude, implying some work needs to be done makes you sound like a communist.

[Anonymous No.11215675]

>>11215585
>BCH? It has 10 minute block times with multiple confirmations required. XRP requires 1 confirmation that takes about 3.5 seconds.
BCH the transaction post on the network almost instantly, the confirmations are the proof of work that give it value.
XRP has 0 confirmations because it's on a centralized network with no POW and thus no real value.

[Anonymous No.11215702]

>>11215675
>BCH the transaction post on the network almost instantly, the confirmations are the proof of work that give it value.
Posting on the network is useless if it isn't eventually confirmed. That's why exchanges force you to wait for confirmations. The confirmations themselves give it no value, they just reduce the likelihood of your transaction being reversed.

>XRP has 0 confirmations because it's on a centralized network with no POW and thus no real value.
It has 1 confirmation when it is applied to the next ledger. The reason it doesn't require more is because XRP works based on distributed agreement rather than competition. We wait to make forward progress until everyone agrees on the next state. This means there is never a disagreement on the "longest chain", and therefore no need to orphan ledgers like we orphan blocks in POW.

[Anonymous No.11215709]

>>11215628
>being this dumb
The fact that it is a one of a kind, total supply of 1 painting by a famous, talented, dead artist gives it value.

[Anonymous No.11215748]

>>11215702
False. Transactions post near instantly, your broker is the one requiring conformations. You have obviously never done anything with crypto outside of sending between your wallet and your broker. kys pajeet

[Anonymous No.11215751]

>>11215709
so a supply and demand right? people want it for some reason right? No works needs to be done right? So stop fucking shitting on every single comment here with your fucking work retarded comment you communist.

[Anonymous No.11215776]

>>11214678
SWIFT = Slow, outdated, small liquidity, costly

Ripple = Fast transfer, HIGH liquidity(this is what its about) and cheap.


Its even faster than ETH and BTC while doing literally the same, at the exception of smart contract.

I simply don't see how you could work without the ripple blockchain in a near future.

Bye bye Visa, Mastercard and SWIFT.

[Anonymous No.11215794]

>>11215550
Not enough exchanges accept 0-conf as of right now.

[Anonymous No.11215811]

>>11215776
VISA just shacked up with CHAIN which is currently owned by Stellar tho

[Anonymous No.11215875]

>>11215748
They require confirmations because funds aren't safu until that happens. You would be insane to accept deposits with 0-conf, especially for a reasonably large deposit.

This can't be blamed on the "broker". It is a property of any POW crypto.

[Anonymous No.11215943]

>>11215751
>he thinks art magically makes its self because durr its right there on the wall.
>tries to turn it into a political debate because he has no argument.

[Anonymous No.11215990]

>>11215811
> tho

Thot, Visa is alongside with SWIFT in the ILP workinggroup for interoperability. Sponsored by ripple you Subhuman

[Anonymous No.11215991]

>>11215776
>I simply don't see how you could work without the ripple blockchain in a near future.
Yes ranjeesh great post, but your a bit late. We've already well established that XRP doesn't do any work so its really fast, like a calculator with a database. But the unanswerable lingering question is, what gives XRP value if zero work is being done during the transaction?

[Anonymous No.11216022]

>>11215990
VISA A-SLUT

[Anonymous No.11216376]

>>11215943
did ripple create itself then? puf, out of nowhere? No one did any work to make it?That nigger is a selfie isn't it?

I said it because you retarded dumb fuck keep implying that the verification you probably help with, with your graphic card, is the work that gives your shitcoin value or that mining it gives it value. You're a commie monkey because you think that more work=bigger value and that's exactly the idea of communism, that the value of the products should be assigned based on the work hours/work amount it was needed to make the product aka: 50 hours of work = value 1000 , 100 hours of work = value 2000

So get it in your retarded head: it doesn't matter how much work needs to be done for it to be valuable.

Retarded commie fuck.

[Anonymous No.11216669]

>>11215991
How does work matter here? Liquidity and secure fast transactions are a problem in 2018.

BTC crashes because people realized how slow and expensive transactions really are with BTC, its literally nothing else than virtual gold.