[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 10 KB, 200x200, unnamed.png [View same] [iqdb] [saucenao] [google]
6980323 No.6980323 [Reply] [Original]

Is ripple going to recover back to bubble levels?

I bought a shit tonne right before the Korea incident and wasn't sure if I should double down in the dip

>> No.6980375

>>6980323
Haha no

>> No.6980390

Ripple is vaporware bra

>> No.6980402
File: 12 KB, 208x243, bizfordkikelshekelsteinwein.jpg [View same] [iqdb] [saucenao] [google]
6980402

>>6980323
Yes. Buy more. It's going to moon

>> No.6980447

what people have forgotten is that XRP has done this before and just when everyone thought it was dead, it mooned

>> No.6980458
File: 50 KB, 800x800, monster-dildo-l-42-cm-o-10-cm-blue.jpg [View same] [iqdb] [saucenao] [google]
6980458

>>6980323
Short term, xrp is at least retesting 84 cents. Not holding any bags or planning to buy (yuck) just a TA fag.

>> No.6980520

fuck these niggers

normies coming in droves this year they will be buying xrp, dump your bags on those fags in the up coming months.

same boat as you braaaaaa

>> No.6980545

You don't have this much accumulation on a coin that is not gunna moon

>> No.6980568
File: 35 KB, 400x400, 1515909030376.jpg [View same] [iqdb] [saucenao] [google]
6980568

>>6980323
>the Korea incident

>> No.6980593

>>6980520
Copy copy mein negro

>> No.6980847

>>6980323
>>6980520

How mant coins do you guys hold?

Im on 14,000

>> No.6981807
File: 228 KB, 1488x996, ripple comp.jpg [View same] [iqdb] [saucenao] [google]
6981807

Ripple fundamentals

PERFORMANCE

-Ripple processes 1,500 transactions per second, 24x7.

-Payment channels can process 10s of 1000s of transactions per second.
COST

-A standard transaction costs just 0.00001 XRP.

-The cost is not paid to any party: it's irrevocably destroyed.
REAL-WORLD USE

-5 institusions are currently using XRP (MoneyGram, Cuallix, FlashFX, IDT and MercuryFX).

-Many banks are currently using xCurrent. Since xRapid is cheaper (saves up to 60%) and provides final settlement, they are likely to transition to it.

-Bichip will use XRP for in its RFID chips.

-A w3c standard that Ripple helped develop (and was demo'd by Microsoft) will be available in all major browsers, it'll facilitate paying with XRP.
ECONOMICS

-The supply is fixed.

-Unlike Bitcoin, there's no inflation. Bitcoin uses PoW which relies on inflation and/or high fees. Bitcoin requires $18M of net new $ flowing in just to maintain the price!!


SECURITY

-Unlike Bitcoin, double-spending isn't possible. Bitmain (a Chinese company) can rollback Bitcoin's chain and bankrupt the whole ecosystem.

-An attack could only stop new transactions temporarily. Participants would simply remove bad participants from their list
DECENTRALISATION

-Each participant can run a validator and use his own list of validators.

-validators role is to agree on an order for new transactions

-10s of reputable public & private entities around the world are currently running validators (e.g., Microsoft, MIT, CGI, WorldLink, Bahnhof,..)

-Consensus for the order of new transactions requires a supermajority of 80%


INCENTIVES

-XRP is revenue source for Ripple Labs. This aligns its incentives with XRP hodlers. It uses the revenue to improve the tech and expand XRP's marketshare.

-Ripple Labs share is locked in 55 batches on the network. Only one batch can be unlocked per month. It would take them 5 years to unlock them all. XRP is sold only to long term investors (i.e., they can't dump).

>> No.6981835

>>6980847
3119 at average price of $2.32.

>> No.6982053

>>6981807
Thanks for the run down Anon.

Ive been looking for someone with solid information like this for ages. 10 /10

>> No.6982086

Ripple 101

[Performance]
-Ripple processes 1,500 transactions per second, 24x7.
-Payment channels can process 10s of 1000s of transactions per second.

.
[Cost]
-A standard transaction costs just 0.00001 XRP.
-The cost is not paid to any party: it's irrevocably destroyed.

.
[Real-world use]
-5 institusions are currently using XRP (MoneyGram, Cuallix, FlashFX, IDT and MercuryFX).
-Many banks are currently using xCurrent. Since xRapid is cheaper (saves up to 60%) and provides final settlement, they are likely to transition to it.
-Bichip will use XRP for in its RFID chips.
-A w3c standard that Ripple helped develop (and was demo'd by Microsoft) will be available in all major browsers, it'll facilitate paying with XRP.

.
[Economics]
-The supply is fixed.
-Unlike Bitcoin, there's no inflation. Bitcoin uses PoW which relies on inflation and/or high fees. Bitcoin requires $18M of net new $ flowing in just to maintain the price!!

.
[Security]
-Unlike Bitcoin, double-spending isn't possible. Bitmain (a Chinese company) can rollback Bitcoin's chain and bunkrupt the whole ecosystem.
-An attack could only stop new transactions temporarily. Participants would simply remove bad participants from their list

.
[Decentralisation]
-Each participant can run a validator and use his own list of validators.
-validators role is to agree on an order for new transactions
-10s of reputable public & private entities around the world are currently running validators (e.g., Microsoft, MIT, CGI, WorldLink, Bahnhof,..)
-Consensus for the order of new transactions requires a supermajority of 80%

.
[Incentives]
-XRP is revenue source for Ripple Labs. This aligns its incentives with XRP hodlers. It uses the revenue to improve the tech and expand XRP's marketshare.
-Ripple Labs share is locked in 55 batches on the network. Only one batch can be unlocked per month. It would take them 5 years to unlock them all. XRP is sold only to long term investors (i.e., they can't dump).

>> No.6982122

>>6980323
are you retarded?
https://youtu.be/NhieGgf219Y

>> No.6982220

>>6982086
Fuck the Pasta.
If You Truly BeLIEve, You Will Hold.

>> No.6982508

>>6982122
>falls for r/cryptocurrency tier FUD
you have to go back

>> No.6982511

>>6980323
yes it will, xrp actually have a use case don't fall for the fud, this is not a coin run by couple of 20 year olds

>> No.6983178

>>6982508
>you have to go back
no

https://www.youtube.com/watch?v=NhieGgf219Y
https://www.youtube.com/watch?v=NhieGgf219Y
https://www.youtube.com/watch?v=NhieGgf219Y
https://www.youtube.com/watch?v=NhieGgf219Y
https://www.youtube.com/watch?v=NhieGgf219Y
https://www.youtube.com/watch?v=NhieGgf219Y

>> No.6983190

Ripple is gonna TRIPLE

CHECK EM

>> No.6983865

2018 will be remembered as the year of
REGULATION. At the end of the year people will realize that all the things /biz/ tends to hate xrp (muh banksters, muh in bed with fed, regulators) will be the advantage that will set xrp apart from all the dreamy but not well thought out projects in the crypto space.
Xrp will outperform itself in terms of growth this year. And, btw: the simple fact that xrp is the most hated coin on /biz/ should be a sign for anons with any common sense left to know what to do.....

>> No.6983977

It will die and then moon again next year to create the next generation of bagholders

ALL THIS HAS HAPPENED BEFORE
AND ALL THIS WILL HAPPEN AGAIN

>> No.6984349

why hold ripple when you can hold XLM?

>> No.6984813

>>6980323

The fundamentals haven't changed. Mainstream media still loves it. Institutions still like it. The only people FUDing are the ones mad because "muh pure technology can't be used by the jews" or people trying to buy some more for cheap.

$10 by December MINIMUM.

>> No.6985324

>>6982086
You can pretty much say all of these about an online excel spreadsheet minus the "partnerships" ( that don't use XRP ).

>> No.6985389

>>6984813
>mainstream media loves it

Financial times:https://www.ft.com/content/f739f48e-f62a-11e7-8715-e94187b3017e
>nobody uses XRP

Bloomberg: https://www.youtube.com/watch?v=NhieGgf219Y
>nobody uses XRP

NY times https://twitter.com/nathanielpopper/status/951510175877292032
>nobody uses XRP

>> No.6985401

>>6985324

it's more decentralized than Bitcoin, its also cheaper and faster than paypal.

Try again, pajeet.

>> No.6985515

>>6980323
No, it's a securities scam

normies Re into your games.. for now

>> No.6985580

>>6985401
>decentralised
It's not a robust public transaction ledger (ie cryptocurrency). This is the academic paper that formally defines what properties something must have to be considered a distributed ledger.

https://eprint.iacr.org/2014/765.pdf

XRP doesn't qualify. You can put a excel spreadsheet on lots of computers and claim it's decentralised. Doesn't make it a robust transaction ledger.
This is a serious point and if you don't understand it I suggest you sell and buy back if when you do.

>> No.6985728
File: 103 KB, 591x687, cobra bitcoin 3.png [View same] [iqdb] [saucenao] [google]
6985728

>>6985580
>muh academic paper

no one cares, pajeet. One chink can fuck up Bitcoin and bunkrupt the entire ecosystem. His company owns multiple pools that have +50% of hashpower.

No one, not even hardcore bitcoiners beleive that Bitcoin is decentralized. The design in the whitepaper is decentralized (1 cpu = 1 vote). ASIC fucked it up.

Pic related is owner of bitcoin.org and bitcointalk.org


following article is by a bitcoin early adopter:
Stop. Calling. Bitcoin. Decentralized. – Egor Homakov https://medium.com/@homakov/stop-calling-bitcoin-decentralized-cb703d69dc27
With Ripple, double spending is not possible, no one can rollback the chain, with bitcoin, this is possible, whoever purchases the most hashing power controls the network.


That's not it. Bitmain has a patent on exploiting a flaw in the proof-of-work algorithm and it sues anyone that takes advantage of it.

>> No.6985760

>>6985728
to sump up,


.Bitcoin
-One company has more than 50% of the hashpower (Bitmain)
-One oppressive country has more than 50% of hashpower (China)
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents (Bitmain)
-One company can rollback the chain and bankrupt the entire ecosystem (Bitmain)


Ripple
-10s of validators run by reputable non-related public and private entities in different countries (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-double spending not possible (the chain can't be rolled back)
-Consesus requires a supermajority of 80%
-Anyone can run a validator and use his own list of validators

>> No.6985773
File: 466 KB, 1600x1896, Screenshot_2018-01-27-09-09-54-1.png [View same] [iqdb] [saucenao] [google]
6985773

>>6985389
Etherium shills bitcoin shills

>> No.6985784

>>6981835
hahahahahhahhhahahhaahahhahhahhaahahahhahhhahhaHAHAHAHAHAHAHAHHHHHhhahahhahahahhahahhhhahahahaahAHAHAHAHAHHAH....


after everything you saw you didnt sell that shit??

>> No.6985806

>>6983190
ripple gonna cripple. CHECK DEEM

>> No.6985847

Honestly Im holding the 1000 I bought at 30 cents. I have a feeling it may go up again, ill unload my bags then

>> No.6985858

>guys, this new coin has SUPER FAST transactions times and SUPER CHEAP fees!
>its going to beat bitcoin!
>even though when bitcoin was SUPER FAST and SUPER CHEAP no one used it for purchasing/sending/payments

Coin utility is a meme, its just about brand recognition and marketing sadly.

>> No.6985912

>>6985847
didnt sell at 3$ what a fucking clown

>> No.6985935
File: 116 KB, 1225x861, IMG_20180126_151125.jpg [View same] [iqdb] [saucenao] [google]
6985935

XRP will do this the next few years ;)

>> No.6985980

>>6985912

It will reach past that when robinhood crypto comes out

>> No.6986018

>>6985728
I never called bitcoin decentralised. I never even mentioned it once. I'm just pointing out XRP is garbage excel money.

>> No.6986059

>>6985980
yea and you wont sell because of delusion

>> No.6986303

>>6985935
Next stop 12$

>> No.6986372

xrp is advertising for ripple's private networks theyre trying to sell banks. it's also their primary income source right now, but they'll be dumping 1 billion a month of their supply soon and once that's over there's no reason for them to push for the public network.

>> No.6986971

>>6986372
No

>> No.6987063
File: 77 KB, 641x604, 1516446714210.jpg [View same] [iqdb] [saucenao] [google]
6987063

>>6980323
Cripple's going to be buried in a shallow grave by the Stellar Snek.

>> No.6987095

>>6987063
IBM BACKED OUT OF THE DEAL.
Not official, but mark my words

>> No.6987185
File: 1.35 MB, 1440x2560, Screenshot_20180118-201626.png [View same] [iqdb] [saucenao] [google]
6987185

Mufg And Jcoin on xcurrent. They will use xrp to deal with Shinhan in SK and where applicable. Tokyo Olympics much currency exchange quickly. It will go up.

>> No.6987200

>>6980323
im not selling at a loss, and the team works with other companies that are looking to use the blockchain, which is good for exposure. im hoping to sell at break even, only because the ripple guys keep selling xrp to exchages making the coin flat line in a stable market where as looking at the graphs it would have a general upwards trend.

>> No.6987272

>>6985728
The bar for XRP to be a good gamble isn't, "Its better than BTC!"

>> No.6988330

>>6987095
Uh-huh sure.

>> No.6988345

>>6981835
holy shit RIP

>> No.6988465

>>6983865
this.

the only thing that matters long term is the fundamentals. ripple, xlm, dash, eth, bitcoin, coinlink, maybe even vechain are the ones going places.

>> No.6989215

>>6988465
If fundamentals really do matter long term, only Monero would survive, but they actually don't matter even long term.

>> No.6989367

>>6987185
Holy fucking shit I got an email about this. I think we work for the same bank. I had deleted it because I was OOO during the announcement.

>> No.6989468

>>6980458
>TA
You’re a palm reader

>> No.6989489
File: 1.01 MB, 1280x1874, I LOVE THESE BAGS.jpg [View same] [iqdb] [saucenao] [google]
6989489

>>6987185

Before the big pump in December, someone made a few threads warning that in the next few days an important financial company was going to initiate a massive pump. I wonder if this is the same financial company.

>> No.6989593
File: 23 KB, 653x566, 1515633120626.png [View same] [iqdb] [saucenao] [google]
6989593

>>6983865
>>6988465
LOL @ ledditors and their coping.

>> No.6989694
File: 143 KB, 704x610, cripple.jpg [View same] [iqdb] [saucenao] [google]
6989694

>>6980323
this new generation of cripple bagholders feels so good. to think how many of them were actually shilling this kikery at 20000sat. just sell next year and dump your bags on the next generation. such is the way of the cripple

>> No.6989741

>>6989367
Just rechecked the date on this, the same day as the meeting we had. Confirmed for legit, won't name the bank but it would be a hell of a coincidence if it was a diff bank, same day

>> No.6989812
File: 183 KB, 642x630, Rip Ridaz.jpg [View same] [iqdb] [saucenao] [google]
6989812

>>6989741
WE MOONIN BOYS!

>> No.6989866
File: 826 KB, 862x960, 1516400325172.png [View same] [iqdb] [saucenao] [google]
6989866

Freedom! F-finally...

>> No.6990327

Bunch of ripple fags who tell themselves that its going to the moon. Checks price and realizes it has actually lost value and belongs at $1.... keep hodling normies

>> No.6990453

>Sick of normies and their "ripple on coinbase 8th of January!"
>Know its not happening.
>Buy with the intention to dump on the 7th.
>Coinbase tweets they aint adding shit.
>Hours after I bought.

That's how I became a next gen cripple.

>> No.6990580

I dumped on you. Thanks!