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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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11787888 No.11787888 [Reply] [Original]

>9000
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>> No.11787928

>under 9000

>> No.11787954
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11787954

>tfw invested in both LINK & XRP

>> No.11787974
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11787974

>>11787888
yooooo why u make this post

>> No.11787990

>>11787974
because no one with real money looks at biz before posting

>> No.11788013

>>11787888

CAN SOMEONE PLEASE EXPLAIN WHAT THIS COIN DOES? I HAD 200K A YEAR AGO AND DUMPED THEM ALL BECAUSE THIS PROJECT MAKES NO SENSE.

>> No.11788019

>>11787954
You're gonna make it

>> No.11788050
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11788050

>>11788013

>> No.11788103

>>11788013
Here's the purpose from Ripple's POV.
https://ripple.com/insights/much-ado-much-to-do-part-3/

There are other companies like Coil who use XRP for micropayments, exchanges who use it as a base currency, individuals who use the built-in DEX. Basically any use case that requires fast, cheap payments on a reliable platform could take advantage of XRP.

>> No.11788170
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11788170

>> No.11788185
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11788185

XLM is going to the mooooooooooooooooooooooooooooooooooon

XRP is going to the bathroooooooooooooooooooooooooooooooooooooooooom

>> No.11788188
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11788188

>>11787888

the one true coin.

>> No.11788202

>>11788185
based Jed dumpin 10 billion XRP coins to pump stellar

>> No.11788219
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11788219

will codius use chainlink?

>> No.11788233

9100
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>> No.11788243

>>11788103

But why use ripple? Why can't these companies just deploy their own liquidity tokens?

>> No.11788246
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11788246

>>11787888

>> No.11788307

>>11788185
They both will win, it's the perfect coke vs Pepsi setup

>> No.11788412

>>11788243
Are they going to deploy an unbacked token like BTC or XRP and compete on that playing field?

Most of what I've seen involves pegged tokens like USDC, GUSD, and many others. One problem is that these introduce a huge amount of counterparty risk. The issuer has to maintain the peg, be trusted to maintain enough reserves, and they have complete control over the currency (to censor someone, issue more coins, etc.).

Having this type of central authority will make everyone want to create their own token, thereby killing any chance at adoption. Once we end up with 200 different fiat-pegged tokens, how liquid will they really be? You would still need something like XRP as a bridge between them.

In the end I think unbacked, counterparty free digital assets are just better than pegged tokens. We already have digital fiat, so I don't see a need to recreate them all on the blockchain.

>> No.11788425

>>11788412
>You would still need something like XRP as a bridge between them.

So why would they use XRP instead of bitcoin?

>> No.11788429

>>11788219
Not an expert on Codius, but it doesn't sound like it. Here's a good talk that Stefan Thomas gave. He mentions oracles around 13-14 min I think, and then talks a little about how Codius differs.

https://www.youtube.com/watch?v=ztERyrvyzSY

>> No.11788464

>>11788425
Ripple actually gave their xRapid pilot customers the option to use Bitcoin, but they all chose XRP instead. Bitcoin was too slow and expensive, even though it is currently more liquid.

XRP also has a lot of nice extra features that make it great for payments. Things like payment channels, multi-sig, key rotation, deposit authorization, etc.

>> No.11788484

you'd have to be stupid not to have atleast some of this shit in case it explodes again

>> No.11788493

Bankercoin absolutely ripping. Ancap faggots in tears.

>> No.11788951

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>> No.11789089

>9200

>> No.11789130

https://www.youtube.com/watch?v=I9HgNs0xoM0

>> No.11789514

>>11787888

ITS OVER GET OUT