XRP

[Anonymous No.7565581]

Why is there no thread on this?

https://cryptopanic.com/news/1051213/Ripple-RT-uaeexchange-UAEExchange-partners-with-Ripple-for-instant-cross-border-payments-becomes-the-first-global-money_transfer-business-in-Middle-East-to-offer-real-time-seamless-payment-solutions-using-blockchain-technology-Read-more-httpstcoiXbUycOB6b-httpstcovC8cagF3s9

[Anonymous No.7565642]

Seriously, isn't this big news?

[Anonymous No.7565741]

Okay, thanks /biz/, taking a leveraged long now.

[Anonymous No.7565857]

ok nigger

[Q ITPb.qbhqo No.7566352]

>>7565581

/biz/ is for braap posting and sniffers. What you're looking for is r/cryptocurrency

[Anonymous No.7566514]

>>7565581
Oh so XRP is now the go to crypto to fund terrorist activities? sasuga Ameriburgers

[Anonymous No.7567294]

>>7566352
/biz/ used to be a pretty excellent place to get some info. It's where I first heard about ETH back in 16. Now it's just a cesspool

[Anonymous No.7567411]

Ripple company is not the same as ripple currency. Most of their partnerships involve the technology but not the currency. You fuckwit.

[Anonymous No.7567522]

>>7567411
I'm aware of that, but you're telling me not even the hype from this could push the value up? Come on dude, we both know this market isn't valued properly.

[Anonymous No.7567596]

>>7567411
you dumb fuck, Ripple Labs has two products
xCurrent (doesn't use XRP) and xRapid (uses XRP). xRapid is superior because it saves more costs and provides settlement.

xCurrent is just a way to get them through the door. The goal is to get them to use xRapid, eventually. xRapid involves using public exchanges so this will take time because of regulations.

[Anonymous No.7567611]

>>7567522
>being this desperate to be handheld

Buy it if you think it'll go up, don't come asking for our permission first you gigantic cuck

[Ripple Fundamentals No.7567627]

[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.7567632]

>>7565581
hey FUCKTARD, guess what... EVERY crypto gives you fucking instant "cross border" payments. jesus fucking christ, how stupid are you faggot?

[Anonymous No.7567699]

>>7567632
tell me which reliable crypto takes a fraction of a cent and few seconds for a transaction

[Anonymous No.7567820]

>>7567699
Stellar

Also, unlike ripple, the devs don't have billions in their pockets ready to dump every month.

[Anonymous No.7567829]

>>7567611

Is there anything wrong with getting some people's input for a discussion? I figured I might get a couple good posts like
>>7567627
>>7567596

[Anonymous No.7567841]

>>7567627
>-A standard transaction costs just 0.00001 XRP.
>-The cost is not paid to any party: it's irrevocably destroyed.
How does that work if the total supply of XRP is limited? Eventually all XRP is destroyed and then what?

[Anonymous No.7567846]

>>7567699
vergeHAHAHAHA

[Anonymous No.7567851]

>>7567820
stellar is a shitty fork of Ripple

no where the partnerships or talent Ripple Labs has

[Anonymous No.7567878]

>>7567829
>a couple good posts

That ripple copypasta that is incorrect and has been posted continually for the past week by a pump and dump group, that's a good post?

[Anonymous No.7567899]

>>7567851
Your pajeet is showing. Learn to write properly before coming back.

[Anonymous No.7567931]

>>7567841
the amount burned is very very small, the effect on total supply is insignificant.

[Anonymous No.7567964]

>>7567899
*no where the amount of

nice rebuttal

[Anonymous No.7568018]

>>7567964
*no where near the amount of

yes I'm sleepy, feel free to make an argument any time.

[Anonymous No.7568024]

>>7567931
So we're counting on this never becoming a big thing or it's gonna kill itself? If it becomes big enough to, say, process all credit card transactions (62 billion per year currently), after how many years has it killed itself?

[Anonymous No.7568176]

>>7567878
Are you intentionally trying to create a heated argument to test us? Or are you actually aggravated at this post. I don't even like ripple personally, I think stellar is still better, this just seems like something that can make profit. If you're so wise though why don't you point us in a better direction

[Anonymous No.7568252]

>>7568024
no. At the current cost and max tps, it would burn just 315 XRP per year. The fee would increase slightly with more load, but the burned amount would still be insignificant.

btw, payment channel (handles 10s of 1000s per second) cost nothing except when opening and closing them.

[Anonymous No.7568281]

also this

[Anonymous No.7568315]

also this.

[Anonymous No.7568347]

also this..

[Anonymous No.7568366]

>>7568315

[Anonymous No.7568447]

Been putting a little bit of my wageslave check into XRP every week....

We're really going to make it guys

[Anonymous No.7568513]

>>7565581
Your shit coin has literally doubeled in price this past week.

What more do you want?

[Anonymous No.7569138]

>>7568513
90% of the current market cap