Can someone explain XRP to me?

i think it's still a pretty good coin. fast transactions, well known. good for normies. i feel like it's being actively suppressed.

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Biz doesn’t want you to hold xrp user

If that's what you think, why do you panic about the price?
I'll bring up some negative points on XRP...
> Ripple owns 50%+ of the XRP supply
> Ripple sells hundreds of millions of dollars worth of XRP every quarter to "build the ecosystem", they're literally dumping on your ass (By increasing circulating supply)
> XRP could still be labeled as a security by the SEC
> Ripple can choose what nodes can verify blocks, Ripple owning less than 20% of the nodes doesn't really matter

>reichscoin.io/
you got a white paper?

I see. So the company is diluting the value of the coin. I don't like that. I'm going to sell it. Thanks for the reply.

>> Ripple sells hundreds of millions of dollars worth of XRP every quarter to "build the ecosystem", they're literally dumping on your ass (By increasing circulating supply)

They sold $364m on exchanges for all of 2018 which was 0.12% of global trade volume and still less than miners sell in bitcoin. You prefer that money going to electric companies instead of seeing a significant amount of it reinvested in building out the ecosystem?

>> XRP could still be labeled as a security by the SEC
The SEC doesn't get to make the decision, and they have clearly stated that they won't comment. The odds of a court declaring it a security are essentially zero if you understand how XRP works and its history.

>> Ripple can choose what nodes can verify blocks
No they can't. Every node verifies every transaction. Anyone can run a node. What Ripple provides is a recommended list of validators (sequencers) to listen to. Nodes are not obligated to use their list, and they can change the sequencers they listen to at any time.

Either sell or expect to wait for years. 2017 isn't happening again for any crypto.

2017 was just a warning. The revolution has already begun.

Absolute shitcoin.
>no official wallet, no desktop wallets
>20 XRP to open an address
Keep in mind at the top of the last bubble it cost NINTY fucking dollars to get an adress. You would literally be coming out ahead just paying the $55 BTC transaction fee. If ripple goes to $10 it's $200 fucking dollars if someone wants to join. This encourages people to keep their coins on exchanges. It's an ok idea on paper but horrifically executed. Don't be fooled by the .0001 transaction fee.

>XRP
weak bait, no one buys that shit

toastwallet.com

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It's not going up because banks haven't started using it. They're still building and testing the infrastructure. Only small currency remittance companies are using it, but the large banks are testing it.

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Was created to reduce network spam and can be adjusted or removed if there are enough complaints in the ripple telegram.

In XRP's defense this wallet creation fee is adjustable. Although it's a centralized decision. XLM also has one that was lowered to 1 XLM in the past year.

Remember. There is no free lunch. A lot of these cryptos that claim they have free txs are basically claiming to be perpetual motion machines. EOS is a shit show lol. Someone else needs to make your account lmao. Same with Tron, fork of ETH with centralized validator nodes.

What about XLM?

>2019
>still not holding XRP
>being this much of a cuck

Out of everything in CMC XRP is literally a 100% guaranteed moon in the near future. How much I don't know, 1$. 10$? It won't go lower than 0.25 either way. Safest call in the market.

how so

It did go up. Tens of Thousands of percents. You are a late adopter.

oh poor kid. you think past floors always hold. you're going to lose all your money.

Basically it's a token shilled as "the next big cryptocurrency" but it's centralized, aimed at big banks, the creators hold 50% off total supply and it's completely premined from the start.

Banks don't want it, so it has no use-case. But people hear banks == money which is another mistake, and they buy into this shitcoin without looking into the financial system.

Meanwhile banks are issuing their own coins.

You

are

a

bag

holder

and you're going to lose your money

This guy fucks, listen to him OP

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you info got btfo and yet you are unphased by it. nothing will help you user. XRP is centralized and shit because of it. the coin that you hild will not be used even if the tech behind it will. XRP is the pinnacle of NPC tier retardation.

I'm pretty sure this is bait but I'll bite- If you think XRP is anything more than a Jew scam then you are the normie.

coinbase has listed it now its for sure not a security

>Owns it
> says it's for normies