Ripple thread

[Anonymous No.7649395]

Why is Ripple so low?

Are banks going away?

Is there any interest taking in for the only wanting good to face?

Discuss.

[Anonymous No.7649403]

>>7649395
No one wants to touch their shitcoin that's why.

[Anonymous No.7649450]

I'm glad it's low. I need to buy more.

[Anonymous No.7649865]

>>7649395
cause XRP was never going to be used for anything and the recent rise was a massive play by jews and banks to con you out of your BTC and ETH

[Anonymous No.7649902]

>>7649865
Please kys

[Anonymous No.7649946]

>>7649395
Who cares about this premined shitcoin

[Anonymous No.7649957]

>>7649902
>experimenting
>testing

pls come back when they decide to fully and completely use XRP for their money transfer operations

why would using XRP, a token traded by morons with insane volatility, be any more useful than creating another, stable coin on top of the Ripple network?

[Anonymous No.7649999]

>>7649395
>low
It was 9.5k 4 days ago, smart people dumped at 12000

[Anonymous No.7650009]

>>7649395

Never talk about Ripple on /biz/, this asset proved to me that /biz/ literally actually hates money. Even when it was at $3.50 a few months ago they hated it. I just come here for Link memes now

[Anonymous No.7650052]

>>7650009
This
Got in at 50 cents, sold at 3.50
Got back in at 75 cents, selling at 2+
Kys biztards

[Anonymous No.7650069]

>>7649946
this

it's garbage op desu

[Anonymous No.7650248]

>>7649902
>Western Union
>experimenting
>bank

Banks actually experimented with ETH before creating their own crypto.

[Ripple Fundamentals No.7650406]

[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.7650478]

>>7649865
already used now by at least 5 institutions. Will be used by almost everyone for online payments (pic related). Will be used by banks once regulations give them the green light.

[Anonymous No.7650507]

>>7650478

[Anonymous No.7650533]

>>7650507

[Anonymous No.7650574]

>>7650478
.

[Anonymous No.7650594]

>>7650406
You are the worst faggot around

[Anonymous No.7650626]

>>7650594
wouldn't be wasting my time doing this if you weren't fudding it 24/7, pajeet.

[Anonymous No.7650819]