/biz/ - Business & Finance

[Anonymous No.6990486]

Remember They called Ethereum useless and it would never reach 10$?

Ripple is next. Purely because no one here really understands it

[Anonymous No.6990520]

>>6990486

Diff between ETH and XRP...

ETH was claimed to be useless...

XRP actually is.

[Anonymous No.6990531]

>>6990486
>muh banking scamcoin

You are probably a bitter bagholder OP, you need to face reality and just drop those bags before they get even heavier

[Anonymous No.6990537]

hahahahahahahhahahhahahahahahaha

[Anonymous No.6990553]

>>6990486
I "mined" 800 back in 2013 so it would be hilarious if you are right. Never going to pay money for it though.

[Anonymous No.6990554]

>>6990486
HAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAAHHAHAH

no.

[Anonymous No.6990555]

>>6990486
>a coin for a market that doesnt want it
if you want working cripples get xlm

[Anonymous No.6990585]

Ah, I see now - OP is scared because he looked at coinmarketcap and noticed that Ripple is the only coin in the top 20 that is red.

Point and laugh at OP everybody.

[Ripple Fundamentals No.6990678]

[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 a 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).

[Anonymous No.6990709]

>>6990678
now include XLM in that
AHAHAH

[Anonymous No.6990712]

Ripple is centralized and the transactions are reversible

[Anonymous No.6990743]

>>6990520
>ETH was claimed to be useless...

NO. ETH was claimed to be a revolutionary new business platform that would transform the world.

Reality: Cryptokitties, Ethermon, Ethertanks, Ponzicoin, 4 hour transactions, and lots of orphaned transactions.

[Anonymous No.6990841]

>>6990520
>yet another terrified ethereum bag holder

I can understand why. You will lose the second spot again.

[Anonymous No.6991009]

>>6990841
romanian fud

[Anonymous No.6991146]

>>6990486
All in XRP.