/biz/ - Business & Finance

>it turns out sending the pump signal as a text with a link was not a good idea which is what caused a fast dump by bots

>>14232096
I just want a job in this industry, sir.. I came here because I thought biz might be the best place to ask.

>ICOs in the year 2019

>>14140597
>creating new websites in 2019

Everything has already been written and every product on earth is being sold on millions of web stores. What's the point.

Sell your Linkys buy back at 17800 sats.

>Chainlink

>this will be my only post

How Ripple Is Screwing XRP Bagholders

Ripple the company is unique in the sense that it doesn’t make money from selling its product. It makes money by selling its stash of XRP coins to naive “investors” (let’s call them “XRP bagholders” for more clarity). Ripple is very transparent about this – they even issue regular reports like this one, where they announce how many XRP coins they’ve dumped on XRP bagholders. In 2018 alone, Ripple has made over $500 million selling XRP coins.

XRP bagholders buy XRP coins because they believe that XRP coins are worth much, much more than what they’re selling for right now. The reason for that belief is that Ripple goes to great lengths to communicate on how its technology will change the world, and how it will be used by every financial institution for transfers and settlements – which is the core of banking.

The main argument for why XRP coins are worth something, is that Ripple’s technology will supposedly render obsolete the nostro/vostro account system, which supposedly requires $5 trillion to be frozen today. Because this pile of cash will be freed up, the reasoning goes, it will be somehow replaced by XRP coins, thus somehow giving XRP coins an equivalent market value of $5 trillion, or $50 per coin. This is all explained on Ripple’s own website.

https://ripple.com/insights/liquidity-explained/

Currently, XRP coins trade at around 40 cents, so the nostro/vostro argument induces hopes of 15,000% returns for XRP bagholders. Other Ripple-friendly sources have gone to great lengths to inflate this potential valuation, suggesting that one XRP coin could be even worth over $500.

>technobabble

Yeah, I got them big boy stacks.

>atomic swaps

>>12477777
Nice

>>12205597
>Nothing about the fundamentals of the companies themselves has changed

>>12185077
Hi Anon

I work for Reliant Energy, as a Millwright in the power plant. we are affiliated in some way with Enron in some weird way.

Once the deregulated utilities take off so will my Reliant Energy Stock and I will also be a millionaire.

>>12126588

>Spacious Manufactured Home

>it's a dead cat bounce

>smart money

Are you guys fucking silly? Chainlink uses triangulated truths and is solidity compatible, but it does not solve the oracle problem.

You want a real conversation? Let's talk about what chaos theory and smart contracts have in common.

>>11769388
>next eth

Bump

>>11109187

>>11101762
Yeah but you are also a gayfaggot so who gives a fuck

why arent americans afraid of SEC / IRS going after them for trading in bitmex and other crypto exchanges located in shady countries?