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8117237 No.8117237 [Reply] [Original]

Anyone shorting the XRP pump that will occur in 2 days (before the Ripple CEO and Coinbase COO CNBC interview)?

It's obvious they won't announce listing live - it would cause them the same problems as the BCH listing. Nonetheless, I believe a lot of people will be buying and expecting just that.

If XRP ever gets listed on Coinbase, from a corporate/legal compliance perspective, I suppose they will just announce the listing in e.g. 2 months, so the market can adjust naturally. Coinbase has nothing to gain by announcing it out of the blue - they earn revenue on fees, not on sudden spikes in volume.

Am I wrong, biz?

>> No.8117327
File: 228 KB, 1488x996, ripple comp 0.jpg [View same] [iqdb] [saucenao] [google]
8117327

[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)

>> No.8117366

>>8117327
I'm not saying anything against XRP - I don't care about it.

I'm talking about trading/shorting

>> No.8117371

>>8117237
You are spot on, the chillers know the truth as well, only the fodder will buy the news.
>>8117327
piss off

>> No.8117406

Anywhere to short XRP other than polo?

>> No.8117421
File: 328 KB, 640x960, 1498869636850.jpg [View same] [iqdb] [saucenao] [google]
8117421

>>8117327
>Your brain on cRipple

>> No.8118117

>>8117237
>>8117327
>>8117371
Operation RAPE Ripple has been launched
>NANO Marines report in
You know the drill and know when to dump and put profits in to NANO.

>Operation RAPE DOGEcoin
>Operation Cukold Coblee
Now Operation Rape Ripple

>> No.8118252

Im an proffesional XRP trader. My last major XRP move was the sell @ 14k and buy @9k

XRP is GOING to hit 6-7k then go back to 14k

>> No.8118305
File: 9 KB, 200x200, Hoooboy - No thanks.jpg [View same] [iqdb] [saucenao] [google]
8118305

>shorting Ripple 2 days before the CEO of Ripple and the president of Coinbase appear on CNBC together.

Hoooboy nothanks.