/biz/ - Business & Finance

[Anonymous No.7159914]

Get those wojaks ready boys, when XRP moons tonight you gonna need'em.

[Anonymous No.7159963]

>see 80 Ripple posts in the last 2 hours

What the fuck is going on?

[Ripple Fundamentals No.7159999]

[Performance]
-Ripple consistently handles 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 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.7160044]

>>7159963
Bagholders.
It's not going to moon.
There's at least two more weeks of rallying before alts recover.

[Anonymous No.7160068]

>>7159963
coinbase is adding xrp you fucking retard

[Anonymous No.7160098]

>>7160068
Its not, you’d better sell those bags before it gets too low now.

[Anonymous No.7160141]

>>7159914

been holding xrp since 10 cents and one thing ive learned is when /biz/ starts making multiple threads about xrp it has either already mooned or will not move.

[Anonymous No.7160148]

Ripple's marketcap is already stupid high. If it moons it's only going to do 2x max over a couple days/a week and then correct right back down.

[Anonymous No.7160187]

>>7160148
bitcoin's marketcap is not the ceiling. Ripple will penetrate markets measured in trillions (pic related).

[Anonymous No.7160212]

>>7160187
wrong pic

[Anonymous No.7160228]

>>7159999
Hey PajeetoBot

>>7159914
If you really believe this then post a picture with your face and timestamp it. Im sure it wont matter that 4chan recognizes your face if youre just gonna become super rich from xrp, right anon?

[Anonymous No.7160837]

>>7159914
>Yes YES Goyim, buy our bags so we can go into btc.
>>7159963
(((THEY))) want to dump XRP they got for free and go all in on BTC.
>>7160044
This man knows what he's talking about.
>>7160068
Hooked nose lies.