XRP

[Anonymous No.13221231]

I’m perhaps not seeing what the XRP Army/standard people see.

The list off the virtues of the xrp network/xrapid when asked why XRP is a worthy token for its price but here’s the thing.

None of that shit seems to give value to the token. Why is the token itself worth anything? Wouldn’t s stablecoin coin run on Xrapid or whatever do a better job?

Why would XRP utility increase the token price?

What am I missing?

[Anonymous No.13221237]

>>13221231
you are not missing anything, the money comes from retards. So perhaps hope for that.

[Anonymous No.13221269]

Xrp is the boomer Q coin skull and bones bro

[Anonymous No.13221271]

>>13221231
You figured it out fren. And what a 20x pump on xrp held in escrow to make Ripple the most valuable company on earth? LMAO

[Anonymous No.13221278]

>>13221231
anyone who invests in xrp is borderline retarded.

[Anonymous No.13221308]

>>13221278
This

[Anonymous No.13221387]

>>13221237
>>13221269
>>13221271
>>13221278
>>13221308


There must be something else to this though. Some of them have reasonable arguments for the network, which I agree could be really important, but there must be some intrinsic value to the token?

If it’s simply a useless utility token, surely any one of the fanboys would have figured this out in 10 minutes of research?

[Anonymous No.13221423]

>why do banks need nostro vostro

[Anonymous No.13221459]

>>13221387
They argue that when bank needs to do a large transfer it needs to buy the coin at a market price. Now when a lot of other banks are doing the same and ((adaption)) increase then there are less tokens in a circulation for that moment. Now you as a proud XRP holder can sell your bags at a higher rate.

[Anonymous No.13221465]

>>13221231
XRP is defended and shilled by the same kind of idiots who 'invested' in bitconnect at the peak of 2017 bubble.

[Anonymous No.13221479]

>>13221465

Which is super retarded as banks want to guarantee the value of their transfer in fiat. What’s the point in a fast transaction if the price moves a 1-2% within the time for remittance to occur?

Stablecoin on xrapid would work better.

>>13221465

This is all going to end badly.

[Anonymous No.13221487]

>>13221231
Xrp army is all Astro turfed by bots.
It's fake

[Anonymous No.13221499]

Serious XRP investor here. 4chan doesn't know shit about the projects/solutions Ripple has developed. Not interested in explaining it to dense biztards, there's multiple sources that you will find with a simple google search that will educate you about the topic if you really are interested and not just a larping faggot.

[Anonymous No.13221501]

>>13221387
the only reasonable argument for xrp is that its fast. other than that its just a pump and dump scheme cause like you said its an utility token and you only need a few xrp o transfer a few hundred million of dollars.

none of the investors really know how xrp is meant to be used. it isn't meant to be used like
>>13221459 says. it wont be banking buying up tokens ant market value to transfer that value that way. that's not how it works.

also, highly centralized (or no ) governance.
the xrp witnesses / nodes is hard coded in the xrp wallet, which isn't technically a wallet but a node to process transactions. thats y you need a minimum of 25 xrp to set up a wallet.

the market capitalisation is cheated and ripple and frens control 60% of the supply, in this case being billions and billions of xrp tokens. way worse than any real chain / mined coin on the market right now.

[Anonymous No.13221591]

>>13221465
Ripple is been in coinmarketcap top 5 longer than most of /biz/ zoomers.

go buy your russian backed hacker coins or 1year old ponzi -tier coins with high hopes and nice discord channels but without working product


ripple is being supressed by price so they can accumulate as much as they can before it cannot be stopped anymore. its like raging bulls leaving the barn or hangover diarrhea bursting out of your ass.

many bizlets and noripplers wil cry when this shit launches to moon. maybe this spring or so.

[Anonymous No.13221601]

>>13221591
which is why it isnt going anywhere the only place it is going is down because there are so many other projects to come.

[Anonymous No.13221619]

>>13221591
delusional bag holder thats what you are.
ripple company has to bring into circulation atleast !60 billion! coins. You know how huge of an inflation that is? it makes the bitcoin inflation look like a fucking joke. any other decent top 10 coin has better odds. When you look at the market as a whole. XRP is one of the worst investments you can make, the only reason its up so high is because of hype and ripple company giving out millions of xrp to/for "partnerships"

Theres a thousand reasons why xrp sucks.

[Anonymous No.13221658]

>>13221591
Cope.

[Anonymous No.13221681]

>>13221591
Hahaha.

COPE

[Anonymous No.13221710]

>>13221619
ripple aint going nowhere, it has banks and jews behind it. banks have all the money you need.

[Anonymous No.13221725]

>>13221499
This guy knows

[Anonymous No.13221730]

>>13221710
its going to slowly lose relevance over the next few bitcoin cycles. as i've said before, only aboslute bordereline retards that are new and don't know what the fuck this market is invest in xrp to hold.

[Anonymous No.13221733]

>>13221710
>Unironically claiming the Jews will use your charity tokens to try to give it credibility.

Hahaha, COPE, just admit you're a wage slaving baggie

[Anonymous No.13221840]

>>13221231
>Wouldn’t s stablecoin coin run on Xrapid or whatever do a better job?
Pegged tokens have counterparty risk. When JP Morgan goes bankrupt, everyone holding JPM Coin is left holding the bag. What you'll end up with is hundreds of different "stablecoins" issued by each bank who doesn't want to be at the mercy of a competitor. That makes it even more difficult to settle payments. If you want to go this route, just use actual fiat on a modern payment network with bi-directional messaging and pre-confirmation of fees/account details.

>Why would XRP utility increase the token price?
Ripple's goal is to make XRP as liquid as a G10 currency. If that happens the volatility would be significantly reduced and demand for it would go through the roof. That demand could come from banks and payment providers using it to settle payments without pre-funding accounts or paying high fees through the correspondent banking system. Or it could come from companies like Uber who could hold one pile of XRP and be able to pay out in real time to anywhere in the world.

>>13221271
Ripple's XRP is currently valued at about $.03 per. Everyone recognizes they couldn't cash out all 58 billion tokens at the current market price.

>>13221479
>Which is super retarded as banks want to guarantee the value of their transfer in fiat. What’s the point in a fast transaction if the price moves a 1-2% within the time for remittance to occur?
Volatility is reduced because the full xRapid transaction only takes a minute or two. If that's still too much risk for a bank, they can offload it to someone else. This is what you're likely to see initially. It will be payment providers and other direct xRapid users performing the to and from XRP transactions and paying out at the destination.

[Anonymous No.13221857]

>>13221591

Oh my god

[Anonymous No.13221890]

>>13221237
This. Of course the demand from financial institutions gives it some value but it’s FAR from enough to justify the current price. Ironically, the almost instant transaction speeds mean that financial institutions won’t need that much XRP (and that’s assuming it gets adopted at all).

[Anonymous No.13221905]

>>13221501
>you only need a few xrp o transfer a few hundred million of dollars
No, XRP isn't a stamp. You have to move the actual value. If you want to move $100m then you have to buy and sell $100m worth of XRP.

>also, highly centralized (or no ) governance.
That's very debatable. Coin ownership is centralized (for now) but not the operation of the network. Governance is built in and much better than what you see in other cryptocurrencies.
https://developers.ripple.com/amendments.html

>the xrp witnesses / nodes is hard coded in the xrp wallet, which isn't technically a wallet but a node to process transactions. thats y you need a minimum of 25 xrp to set up a wallet.
Nodes come with a default list of validators (sequencers) if that's what you're referring to. But those can be changed at will by any node. The reason you need 20 XRP to activate an account is because they are permanently stored on the ledger.

>>13221619
Good thing Ripple has a patent for a system that would distribute XRP while creating upward pressure on the price by incentivizing market makers.

[Anonymous No.13222007]

>>13221840

> Pegged tokens have counterparty risk.

XRP has much more counterparty risk than JPM Coin would. A scammy company holding 80% of the supply, promising not to create more is a much higher risk than a big 4 bank that has been around since 1899. Now you can claim someone like Bitcoin doesn't have counterparty risk since there isn't one entity controlling it and the the release of supply is written in code and there are only a few more million to be mined.

> Ripple's goal is to make XRP as liquid as a G10 currency.

Ripples have very little liquidity. Bitcoin's volume is 20 x times XRP volume. There is a much better argument and chance that Bitcoin becomes a global bridge and settlement currency than a token created, controlled and mostly owned by 1 company

> Nodes come with a default list of validators (sequencers) if that's what you're referring to. But those can be changed at will by any node

Anyone can run a validator BUT these validators are being IGNORED and they do not actually participate in the system. Unless your Validator is a trusted validator and in Ripple's UNL it is IGNORED. It's a completely CENTRALIZED trust based system where the supply, rules and protocol is controlled by a small group.

> It's important to understand that these validation messages are used only by rippled servers that explicitly trust your validator by listing it on their Unique Node Lists (UNLs). Servers that do not include your validator in their UNLs ignore your validator's messages in the consensus process. A validator that is not included in any UNL is called an untrusted validator.

https://developers.ripple.com/run-rippled-as-a-validator.html

[Anonymous No.13222027]

>>13221905
>>you only need a few xrp o transfer a few hundred million of dollars
>No, XRP isn't a stamp. You have to move the actual value. If you want to move $100m then you have to buy and sell $100m worth of XRP.
thats not what the XRP website and white paper say boy. lmao

xrp is used to wrap fiat into you don't need to market buy the token value lmao. you buy a few xrp, and then you can transmit money for years to come. you need 15 or so xrp to do a years worth of transactions.

[Anonymous No.13222034]

>>13221387
Pic related is your answer!

[Anonymous No.13222066]

it always funny to watch how ripple stimulates conversation and spreads hate. its just a clear sign to buy this, coinmarketcap top 2-3 since 2014, trillion dollar bankster coin not a stupid underground garage startup basedboy autism coin with hipster devs running their "future technology project" with funding max six figures.

if you ignore ripple and dont buy this obivious winner, you are a retard and deserve to never make it.

go buy your san fransisco located hipster startup autism coin with lunch money funding and hope it will be worth something some day.

ripple has 200 offices around the world and marketing budget bigger than 300m$ its more than most of /biz/ shilled autism coins out there.

you are fighting against windmills if you hate ripple.

ripple has already won,
and
ripple will be the first trillion dollar marketcap coin also.

if and when BTC falls below 1000$ ripple price will be 589$.

funny coincidence.

[Anonymous No.13222077]

>>13222066
what about 60 billion of coins held by ripple company that still have to come on the market do you NOT understand?

[Anonymous No.13222085]

>>13222007
>A scammy company holding 80% of the supply
They don't hold 80% and that's not what counterparty risk is about.

>promising not to create more is a much higher risk than a big 4 bank that has been around since 1899.
They don't have to promise anything. All consensus rules are enforced by all nodes, which means that no one has the ability to create more. There is even an invariant check to prevent inflation bugs like we've seen in BTC, XLM, and others.

>Bitcoin doesn't have counterparty risk since there isn't one entity controlling it and the the release of supply is written in code and there are only a few more million to be mined.
Until they decide to increase the supply so block rewards don't dry up. There is nothing magical about the 21 million limit. It can be changed just like the POW algorithm could be changed.

>Ripples have very little liquidity. Bitcoin's volume is 20 x times XRP volume. There is a much better argument and chance that Bitcoin becomes a global bridge and settlement currency than a token created, controlled and mostly owned by 1 company
Liquidity is currently poor for both. There is over $5 trillion per day moving through Swift. No cryptocurrency is ready to handle even a fraction of that. This is a very slow process that will take many years to grow. Bitcoin may be more liquid currently, but it fails on every other front. That includes lack of transaction finality, horribly slow transfer speeds, high fees, and inevitable mining centralization.

[Anonymous No.13222096]

>>13221237
>>13221269
>>13221271
>>13221278
>>13221308
>>13221459
>>13221465
>>13221479
>>13221487
>>13221501
>>13221601
>>13221619
>>13221658
>>13221681
>>13221730
>>13221733
>>13221857
>>13221890
>>13222034

>General biz consensus: "XRP SUCKS."

What does this mean...? HMMMMM..?

[Anonymous No.13222124]

>>13222077
it doesnt matter, they are held in escrow, and if it would matter, if you had any brain cells you would understand that even one bank has so much money that it wouldn't matter. and world has hundreds of thousands of banks.

we need the 60billion tokens. and even they are burned in every transaction.

that token FUD is stupidiest what ive heard. do you really think that ripple would be even in top3 with price of 30cnt if that ever mattered?

[Anonymous No.13222134]

>>13222096
You know what to do

[Anonymous No.13222137]

>>13222096
greedy jews are just trying to hazzle and create fear towards ripple so they can accumulate as much as they can before lift-off.

its disgusting.

buy ripple or get rekt holding your stupid kindergarden coins with tranny devs and funding less than a marketing budget of ripple(300million dollars)

[Anonymous No.13222139]

>>13222096
>>13221591
>Maybe this spring or so
Ripple is going to drag that case out for as long as possible!
FYI Dumbass its spring RIGHT NOW!!!!!
Fuckin tard!

If you don't know what season it is, why would anyone give a fuck what you say!

[Anonymous No.13222147]

>>13222007
>Anyone can run a validator BUT these validators are being IGNORED and they do not actually participate in the system. Unless your Validator is a trusted validator and in Ripple's UNL it is IGNORED. It's a completely CENTRALIZED trust based system where the supply, rules and protocol is controlled by a small group.
They all participate. They all validate transactions and enforce all the rules. Many nodes use different UNLs than what RIpple recommends. In fact, some ignore Ripple's validators just to show it can be done. There is nothing official about the list Ripple puts together.

The only thing a validator does that a stock node doesn't is participate in transaction ordering. So even if you don't run one, or no one listens to your validator, there is literally no effect on operation of the network from any user's perspective. This isn't POW where you receive block rewards/tx fees or where miners can exclude your transactions. There is significantly less trust required with this type of system since history cannot be re-written and there are no rotating dictators deciding which transactions go in which blocks.

>>13222027
You are likely talking about the built-in exchange which allows you to issue IOU's for other assets on the ledger. That's not how xRapid works.

[Anonymous No.13222197]

>>13221499

U just used "serious XRP investor" in same sentence.

Kys farg lol

[Anonymous No.13222337]

>>13221231
Honest response:
XRP is made for bankers by a bunch of bankers. They have the biggest first mover advantage ever. They are insider who are literally entangled in every government crypto meeting ever. They have so many contacts and only are gaining more and more.

The idea that xrp has no value is retarded because current currentcies have nothing to back them up. Just confidence. And that is wat XRP offers. Alot of confidence in usage.

XRP gets burned per transaction and as banked are going to use it the coin will only increase in value. You niggers can only look at le application meme without any fucking background in business.

Look at it from this perspective:
It doesn't matter how good your CV is. If you do not have experience and the contacts, you are not going to get hired to be a CEO.

Ripple has connection to major banks and government institutions.
That's why they are in such a good position

But call me a jew, thats okay.

[Anonymous No.13222356]

Stellar can do everything ripple can do and more. Stellar is going after the same market and is doing it better. Literally why would you buy XRP?

[Anonymous No.13222420]

>>13221231
Have a read of this q&a by David Schwartz. He’s the CTO for ripple. You sound like a smart investor trying to inform yourself. I made a lot with eth in the early days and I remember having to go against all the fud. Most of Biz will do well with link but will miss out on xrp.

https://www.quora.com/profile/David-Schwartz-9/answers/Ripple-payment-network

>t. 60/30/10% Link/XRP/BTC

[Anonymous No.13222470]

>>13222356
>implying that stellar has connections
>implying that stellar will be taken seriously by banks
>implying that stellar is on the same brand level as XRP
>impyling that stellar lobbies for the EU
come on man, do not just look at it from one perspective

[Anonymous No.13222488]

>>13221231
Nice, just bought 100k

[Anonymous No.13222560]

>>13221591
is the moon 36 cents?

[Anonymous No.13222915]

>>13222337
>>13222470

Ripples are not used by banks. It's fucking marketing. It's not better than Stellar or any other dogshit gimmick out there. The Ripple marketing meme has just convinced a bunch of dummies that it's a bank coin and they'll buy your bags.

But as we're seeing now or we saw in 2017, Ripples only gains value when Bitcoin goes on runs. They've been doing xRapid gimmick since 2016. They said major banks will use xRapid and xRapid by EOY 2018. Just marketing. Like the rest of the market, it really depends on Bitcoin.

[Anonymous No.13222960]

>>13222337
"b-but my zoomer russian hacker code is better!! with 1 million dollar funding!! "


LMAO xrp will be one of the few winners in this crypto race.

its now 20 XRP per one XRP account. in the near future normies will desperately FIGHT to even get that amount to open a ripple account.

ripple will be the token for elitists, jews, and ultra-rich bankers.

even owning 20XRP in the future will be overpower and you become your own bank.

[Anonymous No.13223096]

>>13222356
Stellar is always a few steps behind Ripple. Whether it's implementing payment channels, invariant checking, or even their shift to focus on payments. Unfortunately they aren't capable of handling it alone and are dependent on IBM to build the actual payment network. And IBM, funnily enough, is trying to build the exact same on-ledger payment system that Ripple built and abandoned for something better 3 years ago.

[Anonymous No.13223575]

>>13222960
>get that amount to open a ripple account.
What's a ripple account, I can't keep up with all these things.

[Anonymous No.13223630]

>>13222960
Fight for 5 dolla
Love u long time

[Anonymous No.13223809]

>>13223575
An address that has been activated with 20 XRP.

https://developers.ripple.com/accounts.html

[Anonymous No.13224589]

>>13221269
Pretty much. The one person I know who bought xrp believes all their conspiracies about xrp taking over the federal reserve and also believes Q conspiracies too. Hes also a boomer too as are many of the xrp Twitter shills.