>world currency >30 minutes to make and confirm a transaction >world currency It's obvious. This is "digital gold", made as store of value, and nothing more. Dot. The perfect crypto currency is to be created yet.

File: 13 KB, 256x256, BC_Logo_.png [View same] [iqdb] [saucenao] [google]

Anonymous Sat Oct 13 16:08:48 2018 No.11389794 [Reply] [Original]

>world currency
>30 minutes to make and confirm a transaction
>world currency

It's obvious. This is "digital gold", made as store of value, and nothing more. Dot.
The perfect crypto currency is to be created yet.

>>	Anonymous Sat Oct 13 16:10:50 2018 No.11389803 >store of value Tell that everyone that bought on at almost 20k

>>	Anonymous Sat Oct 13 16:12:44 2018 No.11389819 >>11389803 >>>store of value honestly anyone that bought any time before until mid 2017 is still up massive amounts. so in that regard, yes its a great store of value but you should get BCH.

>>	Anonymous Sat Oct 13 16:14:02 2018 No.11389835 Reserve currency.

>>	Anonymous Sat Oct 13 16:14:21 2018 No.11389840 >>11389794 >The perfect crypto currency is to be created yet. XRP will become a supranational currency.

Anonymous Sat Oct 13 16:14:59 2018 No.11389848

>>11389794
That's an incredibly innovative criticism.

Yes, it was obvious very soon that proof of work is clever yet not workable.
The
>store of value
slogan in an embarrassing rebranding of this failed experiment. The whitepaper says
>Bitcoin: A peer-to-peer electronic cash system
and not
>Bitcoin: Store of value

>>	Anonymous Sat Oct 13 16:15:21 2018 No.11389851 File: 120 KB, 1494x903, gold.png [View same] [iqdb] [saucenao] [google] >>11389803 >hurrrr gold not store of value becuz it go down The absolute state of /biz/

>>	Anonymous Sat Oct 13 16:15:38 2018 No.11389852 >>11389803 just like the people who bought gold at 2000+ in 1980 or 2012, only for it to crash hard right after?

>>	Anonymous Sat Oct 13 16:15:51 2018 No.11389854 File: 60 KB, 994x645, Gold_price_in_USD.png [View same] [iqdb] [saucenao] [google] >>11389803 Like gold.

>>	Anonymous Sat Oct 13 16:17:22 2018 No.11389864 >>11389840 >XRP GTFO

>>	Anonymous Sat Oct 13 16:18:25 2018 No.11389876 >>11389848 Inventions do not always go according to the intentions of their creators.

>>	Anonymous Sat Oct 13 16:20:37 2018 No.11389896 >>11389851 >>11389854 >>11389852 >Value goes down >Never goes back up >hurr muh gold The bagholder cope is real

>>	Anonymous Sat Oct 13 16:21:29 2018 No.11389904 >>11389803 Doesn't even matter if you bought at $100, you still should've sold at 15-20k and bought back lower. It's a shitty store of value. Crypto is literally only good for trading and that's it.

>>	Anonymous Sat Oct 13 16:21:56 2018 No.11389908 File: 81 KB, 908x656, bitcoinhalving.jpg [View same] [iqdb] [saucenao] [google] >>11389896 >never goes back up what chart are you looking at son?

>>	Anonymous Sat Oct 13 16:23:13 2018 No.11389919 >>11389896 Go back to 2015, when BTC fell to $200.

>>	Anonymous Sat Oct 13 16:26:13 2018 No.11389947 File: 11 KB, 200x200, BITB.png [View same] [iqdb] [saucenao] [google] >>11389794 >The perfect crypto currency is to be created yet. Already here

>>	Anonymous Sat Oct 13 16:26:21 2018 No.11389949 File: 30 KB, 650x382, 1536548584049.jpg [View same] [iqdb] [saucenao] [google] >default unique world crypto currency >max 7 TPS >default unique world crypto currency BTC maximalists are ridiculous.

>>	Anonymous Sat Oct 13 16:28:40 2018 No.11389969 >>11389908 this chart fills me with long term hopium

>>	Anonymous Sat Oct 13 16:29:56 2018 No.11389979 File: 1.19 MB, 1532x1816, bitcoinpredictionlongterm2.png [View same] [iqdb] [saucenao] [google] >>11389969 True believers will be rewarded.

>>	Anonymous Sat Oct 13 16:30:10 2018 No.11389981 File: 176 KB, 510x391, 1522076406949.png [View same] [iqdb] [saucenao] [google] >>11389947 >20 MB block size >60 sec blocks >PoS with other name kek

>>	Anonymous Sat Oct 13 16:31:10 2018 No.11389997 File: 483 KB, 1172x1056, beand2.jpg [View same] [iqdb] [saucenao] [google] >>11389947 based

>>	Anonymous Sat Oct 13 16:33:01 2018 No.11390016 Speaking about price now, what price do you see as the roof for BTC in USD? I honestly believe it will reach close to gold market cap (~ 7 trillion USD), which means BTC at ~$300,000.

Anonymous Sat Oct 13 16:36:01 2018 No.11390044

Much faster than sepa which is already pretty fast.
By construction, bitcoin works better for high value payments, simply because the fees you pay are independent of the amount you're sending but depend on the transaction size.
Lightning doesn't have a block size limit and signing transactions costs nothing. The LN is limited by liquidity and is therefore better for low value payments. It's instant and cheap.
I don't see why you need instant transactions for payments over $1k.

>>	Anonymous Sat Oct 13 16:36:13 2018 No.11390047 >world currency >find another bug >roll back 50 blocks >carry on!

>>	Anonymous Sat Oct 13 16:37:31 2018 No.11390057 >>11389981 It's faster than a Mexican jumping bean!

Anonymous Sat Oct 13 16:42:45 2018 No.11390097

>The perfect crypto currency is to be created yet.
by your own admission this is false. "digital gold", i.e. bitcoin, is not to be surpassed by some other currency, regardless of how much better the technology is. you can't surpass "digital gold" until we have another huge revolution, but whos to say that when we do, bitcoin won't continue to transform into whatever revolution that is?

gold can't be immediately and completely upgraded into a digital form, but we know where every single satoshi is, so we can take bitcoin and upgrade it to anything we want, with every single unit accounted for, and still under full control of their rightful owners.

bitcoin is the final gold.

Anonymous Sat Oct 13 16:43:17 2018 No.11390100

>>11389840
>instead of making their own crypto, banks will just make ripple (the company) by far the richest company of all time with a net worth of all previous top 500 companies combined
they premined everything and gave 70-80% to themselves. ~10% is pajeet-tier scam.
the only way this could work out in your favor is if they were a central banking / agency setup from the get-go.
by investing in this "hurrrr lol almost all XRP in the hands of ourselves" game you are essentially betting on XRP being a conspiracy - because if it isn't, you're buying into a token that is so comically centralized that no one in their right mind would approve it for anything.
do you even realize how gigantic ripples potential for market manipulation is with 70 fucking percent XRP ?
the funny thing is: if a new token came out with 70% premined, everyone would throw their hands in the air in disbelief and seriously ask potential investors how retarded they must be to put money into that idea.

>>	Anonymous Sat Oct 13 16:43:53 2018 No.11390105 >>11389851 holy shit this looks just like the wallst cheatsheet

>>	Anonymous Sat Oct 13 16:49:08 2018 No.11390156 File: 848 KB, 500x666, btc meme.png [View same] [iqdb] [saucenao] [google] f for BTC

>>	Anonymous Sat Oct 13 16:53:36 2018 No.11390194 >>11390097 Lol "we". You personally can't do shit except go along for a ride. The people that CAN do something about it fall victim to infighting and end up shooting off into a hardfork of their own.

>>	Anonymous Sat Oct 13 16:54:54 2018 No.11390204 >>11389794 >30 minutes >about 100x faster than banks >somehow only two orders of magnitude better is bad the absolute state of bears

>>	Anonymous Sat Oct 13 16:57:53 2018 No.11390224 >>11390204 >buying some coffee with BTC >pays 3x the price with fees >must wait the next 10 minute block to aprove transaction

Anonymous Sat Oct 13 16:58:25 2018 No.11390227

>>11390100
>>instead of making their own crypto
That would be hilarious to see them try. Even if it worked, adoption would be incredibly limited because each bank would want to create their own token. Then what would you use as a bridge between the 500 new bank coins? Most likely an unbacked crypto like XRP.

>they premined everything and gave 70-80% to themselves. ~10% is pajeet-tier scam.
They are a real company trying to take crypto mainstream. Still waiting for that exit scam 5 years in.

>you're buying into a token that is so comically centralized that no one in their right mind would approve it for anything
It doesn't need to be "approved". The only real thing Ripple needs is to win a few lawsuits that accuse them of selling a security. That seems very likely at this point. Banks won't give a fuck if Ripple owns a lot of XRP if it can save them money. They aren't speculators like us.

>do you even realize how gigantic ripples potential for market manipulation is with 70 fucking percent XRP ?
They own 60% and 90% of that is locked in escrow. They are transparent about all sales, and have a history of doing everything in their power to protect the market. You're much more likely to get fucked by any number of anonymous bitcoin whales.

>>	Anonymous Sat Oct 13 16:59:27 2018 No.11390233 >>11390224 If it's an expensive coffee you might want to wait for a few confirmations

Anonymous Sat Oct 13 17:05:02 2018 No.11390273

>>11390227
>That would be hilarious to see them try. Even if it worked, adoption would be incredibly limited because each bank would want to create their own token.
>what is central banking
>what is a cartel
here is what you do:
take ripples percentage of XRP
take XRP market cap
multiply by your imaginary, delusional "at this point i will have made it"-point of 10$, 50$, 589$ or whatever
compare ripples market cap in that imaginary scenario with current companies and then tell me if you think it is realistic that central banking would allow some random group of people to just become basically skynet instead of using a proprietary protocol instead.

>>	Anonymous Sat Oct 13 17:10:08 2018 No.11390312 Where can I buy drugs with XRP? Be real if criminals arent using and hodling the coin its not going to go anywhere. Silk road showed us this. Wish all you premined alcoiners would just capitulate already. Lol

Anonymous Sat Oct 13 17:13:11 2018 No.11390338

>>11390194
nobody cares about worthless chinese forks of bitcoin that are still just the same tech at their core. there is no "infighting" because those that want to fork when they aren't able to force the community to go their way have already left.

like i said, bitcoin is the final gold.

Anonymous Sat Oct 13 17:13:29 2018 No.11390340

>>11390273
>>what is central banking
What's actually being created are huge numbers of fiat backed tokens. There is no central bank or banking cartel token that will be used by all. If that were possible we would already have a world currency.

>compare ripples market cap in that imaginary scenario with current companies
The market cap of a company and a cryptocurrency aren't the same thing. You can only compare crypto to crypto. Otherwise it's apples to oranges and completely meaningless.

>and then tell me if you think it is realistic that central banking would allow some random group of people to just become basically skynet instead of using a proprietary protocol instead
Ripple owns a lot of XRP but they don't run the network. If it ever gets to that point of world domination they will have already sold a large percentage of it OTC. Similar to what they attempted to do with R3 before it fell through.

>>	Anonymous Sat Oct 13 17:14:00 2018 No.11390344 >>11390224 >what is lightning and instant payments fucking nigger bears, they just make shit up they are so desperate these days

>>	Anonymous Sat Oct 13 17:14:11 2018 No.11390346 >>11389851 >Bagholding gold for almost 6 years. Whoever bought the top of 2012 has true iron hands.

Anonymous Sat Oct 13 17:15:14 2018 No.11390351

>>11390227
while xrp isn't "backed" it's value fundamentally comes from ripple the company and nothing else. if ripple isn't capable of making xrp useful or valuable, or they as a company fail, xrp dies.

xrp isn't like a true decentralized currency like bitcoin. developers come and go for bitcoin, but it holds its value. nobody can rescue xrp when ripple fails to gain a foothold on blockchains in banking.

>>	Anonymous Sat Oct 13 17:16:38 2018 No.11390364 >>11390344 Check out this instant 4 minute failed payment https://www.youtube.com/watch?v=GxgBgWBw6wc

Anonymous Sat Oct 13 17:18:47 2018 No.11390380

>>11390346
it really shows how gold is viewed by the world. rallies when the central banking world is having issues, but is consistently falling out of favor even now as talk of economic collapse gets louder, because digital currencies, and specifically bitcoin, are pulling in the interest that would otherwise be going to gold.

its going to be interesting to see how the next decade plays out with gold losing more and more social value older generations must liquidate wealth and younger generations continue to move away from legacy stores of value.

>>	Anonymous Sat Oct 13 17:19:12 2018 No.11390384 >>11390338 "in fact, this is good for Bitcoin!" the post.

>>	Anonymous Sat Oct 13 17:19:38 2018 No.11390387 >>11390364 >check out this single example of a technology not even released yet

>>	Anonymous Sat Oct 13 17:20:37 2018 No.11390394 >>11390384 no, its good for any store of value when those that try to control it fail spectacularly, as shown in the previous attempted forks of bitcoin.

Anonymous Sat Oct 13 17:21:00 2018 No.11390398

>>11390351
I disagree that it's all about Ripple. There are other companies like Coil using XRP for micropayments and smart contracts. Exchanges are starting to use it as a base currency. There are plenty of other use cases that could take advantage of XRP.

>>	Anonymous Sat Oct 13 17:21:21 2018 No.11390401 File: 1.30 MB, 600x581, NIMIQ.gif [View same] [iqdb] [saucenao] [google] uhhh

>>	Anonymous Sat Oct 13 17:23:28 2018 No.11390414 >>11390387 When we complain that LN doesn't work they say it's not released yet. When we complain that it isn't released yet they say it's already live. Maybe we can all agree that it's broken just like it was a few years ago.

>>	Anonymous Sat Oct 13 17:24:36 2018 No.11390428 >>11390398 those other "companies" barely move the needle for xrp. xrp's fate is 100% tied to ripple the company.

Anonymous Sat Oct 13 17:26:08 2018 No.11390442

>>11390414
both of those are true, its live but "unreleased". which is pretty obvious when you realize that it's restricted currently in the amount of bitcoin the network can hold, until any issues are worked out. i think its 21 btc in total open channels.

>>	Anonymous Sat Oct 13 17:29:35 2018 No.11390469 >>11390414 Have you seen the newest news? Apparently if you open a channel with someone they can't send you any money unless you spend your money first, and you can only receive as much as you put into your channel when opening it. This is by design.

Anonymous Sat Oct 13 17:31:54 2018 No.11390489

>>11390469
thats the restrictions put on the first implementation i think, yeah. thankfully once its actually been tested at scale with those restrictions its trivial to remove them in the next version of LN.

if you try and do everything at once you end up like ethereum, huge adoption surge then everybody loses their money with the DAO.

>>	Anonymous Sat Oct 13 17:43:03 2018 No.11390571 >>11390489 "THIS IS GOOD FOR BITCOIN I SWEAR!" the post.

>>	Anonymous Sat Oct 13 18:20:08 2018 No.11390843 >>11390100 Last time I checked chainlink held 70% of all tokens,

>>	Anonymous Sat Oct 13 19:22:18 2018 No.11391277 >>11389979 That chart is outdated as fuck

>>	Anonymous Sat Oct 13 19:30:44 2018 No.11391332 There's not one reason it shouldn't die. There are better cryptocurrency alternatives already. This is bullshit.

>>	Anonymous Sat Oct 13 19:34:31 2018 No.11391359 >>11391332 There are (or could have in the future) better ones for daily transactions, as a real currency. BUT it doesn't mean BTC will die. Gold never died, as like our digital gold that will never die too.

>>	Anonymous Sat Oct 13 19:45:43 2018 No.11391427 File: 311 KB, 1080x1920, Screenshot_20181013-153502.png [View same] [iqdb] [saucenao] [google] >>11389794

>>	Anonymous Sat Oct 13 19:47:19 2018 No.11391438 >>11391427 bch $4.8million usd January 2020 and $1billion July 2022

>>	Anonymous Sat Oct 13 20:46:29 2018 No.11391818 >>11391359 you people are the fucking worst

>>	Anonymous Sat Oct 13 20:53:18 2018 No.11391879 >>11391818 COPE.

>>	Anonymous Sat Oct 13 21:39:18 2018 No.11392200 >>11391359 >Gold never died There are better metals out there. tradition makes gold King as store of value, same for Bitcoin. Silver is preferable form of payment however, same for XRP

>>	Anonymous Sat Oct 13 22:04:26 2018 No.11392376 >>11392200 >same for XRP You spelled "Litecoin" wrong.

>>	Anonymous Sat Oct 13 22:08:00 2018 No.11392397 >>11390571 typical late adopter cope >>11392200 >silver is a preferable form of payment false, and xrp tokens are fundamentally only valuable if ripple can ever become profitable, which they are seriously struggling with.

>>	Anonymous Sat Oct 13 22:20:56 2018 No.11392469 >>11392376 Litecoin scales just as poorly as BTC does. >>11392397 Xrp will succeed for the reasons you've heard for months.

>>	Anonymous Sat Oct 13 22:23:18 2018 No.11392486 >>11392469 only if ripple manages to get banks on board. xrp is entirely dependant on ripple's success. xrp is directly tied to ripple, in a way that real decentralized networks are not.

Anonymous Sat Oct 13 22:33:09 2018 No.11392546

>>11391359
gold also wasn't the very first of it's kind to be used for exchange but instead came much later in the process. motherfuckers were using beaver pelts at one point.

>>11392397
okay you might literally be retarded if you don't think silver is a vastly preferable form of payment over gold for day to day shit.

>>	Anonymous Sun Oct 14 00:26:15 2018 No.11393237 File: 957 KB, 3840x2160, B for Cash.jpg [View same] [iqdb] [saucenao] [google] >>11389794 dont forget the 40 bucks you pay for that speedy 30 minute transaction

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/biz/ - Business & Finance