Ripple riding high during crypto correction

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Ripple riding high during crypto correction Anonymous Mon Dec 25 09:54:01 2017 No.5456101 [Reply] [Original]

When markets correct there are winners and losers, this week’s slump was led by Bitcoin as it fell almost $8,000 from a high of $20k down to a bottom of $12k. The reversal has since reversed and now things are slowly picking themselves back up again, so much for the bubble bursting.

One altcoin that has weathered the storm this week has been Ripple. It corrected a little with all of the other altcoins but generally remained on a high and is still trading over that psychological one dollar level. Trading action across Asia kept XRP pumped when other coins were losing as much as 35% in a day. While there is a buzz in trading the volatile charts of relatively unknown crypto coins, most traders seek some form of stability and Ripple has become the provider.

Infighting in the Bitcoin camp and the obvious divisions between the BTC and BCH chains have caused both to lose out this week. Rumours of insider trading on Coinbase have also created cause for concern for many.

http://www.newsbtc.com/2017/12/24/ripple-riding-high-crypto-correction/

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The market is sick of experimental speculative tech. Ripple (the network/protocol) is used in real world and soon the currency will follow! Ripple is the new hedge.

>inb4 Ripple is centralised
let's see which is more decenralised

Bitcoin
-One company has more than 50% of hashpower
-One oppressive country has more than 50% of hashpower
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents

Ripple
-10s of validators from reputable non related public and private entities (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-At least 80% of validators must agree for a ledger to be validated
Performance?
Ripple can process +1500 per second. A transaction takes at most 3 seconds. Bitcoin? LMAO

Efficiency?
Ripple uses cryptographic signatures, no wasteful mining needed. The transaction cost is not paid to any party: the XRP is irrevocably destroyed.

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