XRP is Faster, Cheaper… and More Decentralized than Bitcoin (BTC)

Old FUD

Have you not been keeping up? More decentralised than bitcoin by an order of magnitude. Banks are now using it.

Try harder next time

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Anyone who hasn’t invested in ripple just doesn’t like money.

Xrp has some of the most brutal money hungry people on any crypto team. And this is a good thing

>Going 360 around and using crypto as a permissioned coin

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And Jed is dumping all his bags

Yes OP he looks like someone who's word you can trust. I'm certain he doesn't look at the price at all. He's in it for the tech like many of us.

You act as though the entire crypto world isn't under the banker's control anyway. At least with Ripple we know who they are instead of a bunch of shady chink whales who control Bitcoin.

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Won't lightening network shit on XRP?

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XLM was forked from XRP originally, then they found how fucked up the XRP code was and had to scrap the blockchain code and build XLM from the ground up

XLM is superior in every way and XRP will eventually crash and burn.

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What does Ripple have more than fast transactions? That is not enough to even think about buying imo, there have to be several usable and bleeding edge features if it's going to be anything in the future. What does Ripple have that other coins don't? Don't just compare to Bitcoin because it's already outdated and it's only big because it was the first.

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I have just read that ANYONE can run a ripple validator (the equivalent of bitcoin nodes).

Holy shit. Maybe ripple is the future after all.

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>M'shitcoin

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Ripple is full of scams and lies. See related pic of Cuallix HQ which they have been hyping as using xRapid.

Everyone can be a validator KEK

> Your server is an untrusted validator. Others can see the validations your server issues, but they disregard them in the consensus process

Why fuck with a coin which scams you with that shit and where

> 95% of the supply is owned by 100 adresses and Ripple itself has 60% of the supply locked for itself in escrow

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>pulling fake stats out of your ass to fud a literally perfect coin

stellar is trash, xrp is superior in every single aspect

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>devs still own like 95% of the total supply
>the token is completely irrelevant and not even used at all.
Yikes
Maybe do some more research before posting.

Yeah and there is no method of ensuring that nodes stay honest. All you can do is pick and choose which nodes you want to trust.

Whether another server has your validator on their UNL or not is irrelevant. The network operates exactly the same for you either way. You have no right to force someone to listen your validator.

Every node independently verifies each transaction. Validators have to sign everything they do, so it is easily detectable if they are attempting to censor txs or violate consensus rules in any way. Then you simply remove them from your UNL and continue on. The consequences of a validator misbehaving are also very small. Worst case is validators collude to temporarily halt forward progress of the network. No double spending possible.

>Yikes
gb2reddit faggot

not sure if this is bait or OP is retarded

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This.

Also Bitcoin Cash is also 1000x less expensive and 1000x faster than a BTC transaction, big fucking whoop.

XRP is a fucking scam and you should be ashamed if you bought into their horseshit lies.

hold on. What about bitcoin cash?

Fees are decided by the miners in bch. They may or may not be low forever. Settlement speed is also important. 0-conf isn't suitable for all transactions so you are stuck waiting for multiple 10 minute confirmations just like btc.

BCH doesn't scale better than bitcoin they are just letting the chain grow exponentially large until no one can afford to store it and it becomes (even more) centralized

XRP isn't a scam, it's the only real crypto with real adoption and real decentralization.

If you haven't figured that out yet you're not gonna make it user.

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even a centralized shitcoin like xrp has more chance to get anywhere than bcash because ripple depends on xrp for it's revenue. bcash is just yet another chinese altcoin with a small bunch of bagholders hyping it up for the benefit of the chinese whales while nobody else cares.

Real shitcoin.

Xrp is so fast it gets lost on the way to its destination. And banks dont even use it because its top fast and too cheap.
And with the centralized issue i would say ripple is centralised

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Where can I buy drugs with XRP?

Stellar does everything 10x better than Ripple.

Definitely better at giving away their coins to africa

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Should i buy BTC or BHC? Asking for a friend

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Yes the CEO OF STELLAR HOLDS EVEN 10× more shitcoinlm than the ceo of ripple LMAo

Xlm is better
Sage

>Xrp is so fast it gets lost on the way to its destination.

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>they keep forgetting

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>XRP

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>the chad embrace

He's right tho. The internet pipes aren't built to handle that kind of speed without getting leaky.

>interledger is used by hyperledger
>ripple will moon

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>btc decentralization
bitcoin core dictates what bitcoin is. no competing node implementation so miners just mine bitcoin core. However bitcoin core is still dependent on miners
>xrp
ripple dictates and allows other to validate
no situation in which ripple doesn't control what ripple is

>ripple dictates and allows other to validate
What does this mean? Anyone can run a validator. You don't need Ripple's permission.

samefag
show us one single transaction where xrp were lost
>muh pipes get leaky
this is the dumbest thing i have read in a while

you have to validate the way ripple wants

There was an invisible /s fren

The code is open source. You can run whatever you want and validate however you want. The choices you make will determine whether you are able to interoperate with the rest of the network. No different than in other cryptos.

there is no proof of work, the validation is not a market process it will be centralized
that's their selling point to central banks, the type of money central banks want is not possible in a proof of work system

All 900+ nodes in XRP validate transactions the same way every full node & miner will validate the transactions in a bitcoin block before sending it on. The only thing you need validating nodes for is to put transactions in order to solve the double spend.

Validators don't get to arbitrarily decide to include or exclude transactions like miners, and they don't get to tell the rest of the network whether a transaction is valid or not.

>xrp
>centralized
good try

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since when did 'The Undertaker' have his own crypto?

>Validators don't get to arbitrarily decide to include or exclude transactions like miners, and they don't get to tell the rest of the network whether a transaction is valid or not.

exactly xrp is like btc without the possibility of competing node implementations
xrp's rules (supply, valid addresses etc) will be entirely controlled by regulation as is the current system

bitcoin allows changes to those who are willing to invest the resources to make the change

isnt stellar cheaper to transfer by some orders of magnitude

its is because XRP still jews you like 20 XRP to just open a wallet and its gone forever

i.e if someone wanted to make bitcoin have an inflation rate 3% relative to the price of consumer goods there would need to be a hashwar and nakamoto consensus for that to happen. Which would never happen for the same reason you don't invest in a company selling something nobody wants

in xrps case it would be illegal for the financial institutions running nodes to not abide by the change. same way banks are completely constrained by the BIS today

Nothing stops anyone from creating a second implementation. Bitcoin has a few, but they are pretty much ignored in favor of Core. Even within the same implementation, anyone is free to propose an amendment to XRP.

How are the consensus rules going to be controlled? Ripple doesn't have a legal right to control the ledger and they can't force users to run code they don't want to run.

What Bitcoin really does is hold users hostage. If they are not able to incentivize millions of dollars of proof of work, their network will not be secure. Therefore the users are very limited in changes they can make. Without almost unanimous agreement, it will not be safe to alter the rules.

but I mean, just for transfers, good point though, I thought that would be less

damn i remember opening several account in 2013, 20 xrp was nothing

surely they have made account cheaper now

The minimum fee in XRP is 10 drops. That equates to .5 thousands of a penny. If Stellar is cheaper it's pretty much completely irrelevant.

Nope, it's just gone until the reserve is lowered. It used to be much higher (over 100 XRP even).

Who do you believe has the authority to force a change like that on the entire network? There are no regulations in place requiring banks to do anything with regard to an amendment on the XRP Ledger.

nothing stops you from creating a second implementation but it's success isn't dependent on it's utility (as it is in proof of work) it's dependent on the consensus of ripple nodes who are financial institutions who are regulated

ripple decentralises validation to enable a system that is always up but it does not decentralise its characteristics. That's its selling point that the control of its properties is centralized, which is what central banks want

financial regulators
bis.org/
twitter.com/ripple/status/888426807304704000?lang=en

>more decentralized

Well, maybe but isn't it basically like EOS where it might be decentralized with 21 nodes but they are fixes, no one can actually challenge their position? So it's "decentralized" but not...really.

But yeah, bitcoin has been centralized ever since ASICs came out(2013?). Chinks own the chain. Delusional bitcoin maximalists somehow don't want to accept this though because they want their bags pumped so bad.

Fixed not fixes*

0.00001 of a lumen for stellar so thats uh

1/100,000 of a lumen so at 25 c its 25/100,000 so 1/4000 1 cent (or penny)

some people just keeps forgetting

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Eventually there may be many financial institutions who run nodes, but that's currently not the case. Whether that happens or not, FI's don't get to dictate to the rest of the network which rules are adopted. You're getting into some very conspiratorial stuff now.

What you're essentially objecting to is the decentralized governance of XRP. You want proof of work in place to limit the freedom of users to upgrade the protocol if they believe it is in their best interests.

well yes thats not uncommon. This is why i invest in nem, it actually had a careful distribution shceme

So they are the same at 0.00001 XRP/XLM, but the XLM fee is cheaper because it is priced lower.

I don't want anything, xrp is what everyone expected the future of money to be before the invention of proof of work. It's not conspiratorial to say ripple is marketing towards the existing financial establishment which uses inflation to increase the productivity of the economy at the expense of the individuals.
ripple isn't peer to peer cash it's electronic cash

proof of work is competition, competition breeds utility because the most profitable thing to do is make the best thing. I don't object to ripple or the financial establishment trying to hold onto the past of course they are trying to however capitalism isn't a social construct and the implementation of xrp will only educate people further on the real innovation that is proof of work. utility wins

>proof of work is competition, competition breeds utility because the most profitable thing to do is make the best thing.

But is that a good thing though? Competition lead to ASICs which lead to centralization of the chain in bitcoin's case.

if it isn't peer to peer then who are the middlemen?

The properties of cryptocurrencies give them utility. Not the fact that they burn a lot of energy.

Proof of work's purpose is to solve the double spend and distribute the currency, but it does a poor job of both. It requires the honest users to continuously outspend would-be attackers to the tune of billions of dollars every year. Without those billions being extracted from the ecosystem, the chain would be insecure. That's one of the worst security models imaginable.

asics are an example of how proof of work rewards innovation
decentralization means there are more than 3 competing miners
we can see jihan is poised to loose market share because he invested in the alt market instead of being a miner he is trying to make changes to bitcoin in november that do not have utility and will loose
regulators
the cost of energy to change the ledger against the utility of the currency is less profitable than to change the ledger for the utility of the currency
this is not guaranteed we need adoption and I think adoption will happen

Did you mean to write "What drugs do I need to be on to buy XRP"?

how are regulators the middlemen, they don't have a say in the network and much less can change the rules

ripples whole thing is that it can be regulated. I'm not trying to say its shit obviously everyone should buy some it's getting fucking recommended by the federal reserve in the faster payments program
that's its selling point, it can be regulated

>ripples whole thing is that it can be regulated.
how could it be regulated? how are they going to force people to run code that they don't want to?
how are they going to force you to trust their validators?.....

>it's getting fucking recommended by the federal reserve in the faster payments program
this is bullish af if anything, it could literally become the standard
and it's being recommended by the federal reserve in the faster payments program because it actually makes payments faster don't you think so

nodes have to choose between select nodes

ripple.com/build/xrp-ledger-consensus-process/#consensus
>During consensus, each node evaluates proposals from a specific set of peers, called chosen validators

regardless
brad garlinghouse > When we talk to regulators, we explain how what Ripple is doing is not circumventing their regulatory frameworks, and they get very comfortable very quickly like, “Oh! I get it. Ok, we get it. If it’s a better product at lower price, we’re happy about that.”
cointelegraph.com/news/ripple-ceo-talks-liquidity-and-regulation-ultimately-governments-arent-going-away
investopedia.com/news/why-does-ripple-want-more-government-regulation/

yeah, like I said I don't have a problem with xrp it's what the current system is but electronic. Gonna make money off it.
proof of work can free humanity from currency debasement however

Economic incentives can be helpful, but they don't guarantee any particular behavior.

Ripple the company is regulated. Their proprietary payment network "Ripplenet" is regulated. XRP is not in the same category. Ripple doesn't have a legal right to control it, and there are no administrative functions built in. It can only be regulated by the government to the same extent that Bitcoin can.

Here is Ripple's goal as stated by their CTO:

twitter.com/JoelKatz/status/1024356398119800832
twitter.com/JoelKatz/status/1036415208728588288

>When we talk to regulators, we explain how what Ripple is doing is not circumventing their regulatory frameworks
Ripple has very specifically advocated for regulation of exchanges. They are fighting to keep cryptocurrencies themselves completely open.

ripple arbitrates the system by setting >chosen validators
which all other nodes must choose between
all of the so called chosen validators are able to be regulated and will be

ripple.com/build/xrp-ledger-consensus-process/#consensus

>During consensus, each node evaluates proposals from a specific set of peers, called chosen validators 6. Chosen validators represent a subset of the network which, when taken collectively, is "trusted" not to collude in an attempt to defraud the node evaluating the proposals. This definition of "trust" does not require that each individual chosen validator is trusted. Rather, validators are chosen based on the expectation they will not collude in a coordinated effort to falsify data relayed to the network 7.

Ripple can't force anyone to use their recommended trusted list of validators. Each node has the authority to modify the list in any way they see fit.

why would they

>nodes have to choose between select nodes
no, nodes can choose between any other node in the network
institutions and banks and so on would need to control 80% of the network to change the consensus rules
>ripple.com/build/xrp-ledger-consensus-process/#consensus
>During consensus, each node evaluates proposals from a specific set of peers, called chosen validators
that is correct, the specific set of peers can be any other nodes in the network
it seems that you think that nodes are forced to choose between a specific set of validators but they can choose freely

>cointelegraph.com/news/ripple-ceo-talks-liquidity-and-regulation-ultimately-governments-arent-going-away
>investopedia.com/news/why-does-ripple-want-more-government-regulation/
it's alright if you are an ancap and just want the government to be gone but we don't all share your views and think that the governments are going away because of crypto

i don't see how holding xrp, and not financial institutions ious in the xrp network is any diferent than holding bitcoin

no and i had this argument with JoelKatz on BTC talk some years ago.

HOW DO YOU GET ON THE UNL?

answer they existing people have to add you.

BTC and POS, you can hash or buy in it is permisionless to join.

This means ripple can easily be stopped by a writ from a judge or legislation.

If you saw a validator (Ripple or anyone else) attempting to censor transactions, violate system rules, have poor uptime, have a low rate of agreement with other validators, etc. then you would have a good reason to do so. There are probably many nodes who run somewhat different trusted lists just because they can.

Let's imagine a worst case scenario. A government writes a law requiring Ripple to modify their code to allow central banks to issue more XRP. In that case, nodes who disagree with the change can simply refuse to install the update and they can remove all Ripple validators from their UNL. The XRP Ledger would continue to function exactly the same for them as it did before, and they can continue to interoperate with all other users who made the same decision.

there is no incentive to run a ripple node unless you are a bank or financial institution. There will never be more than 20% of nodes acting against the chosen nodes. Ripple isn't even trying to decentralise consensus, they are trying to decentralize validation which works

not ancap, don't have a problem with ripple
bitcoin is different to xrp because it cannot be regulated. Which is great because it will force people to understand they are a speculator whether they like it or not

there will be no nodes that aren't regulated institutions because it costs money to run a ripple node and their is no reward

additionally I don't envisage us all using currency etc denominated in xrp, USD will be issued on the xrp ledger