How can you look at this man and still not believe in XRP (chief cryptographer at Ripple)
> b-b-b-but banks are only using Ripple tech, they don't need XRP! RippleNet (used by ~150 banks worldwide including BoE, BoA, also Amex etc etc) is the highway on which cross-border payments can be settled instantly. The banks can drive their own trucks, which are old beat up fuel-guzzling dinosaurs (IOUs) and still settle instantly.
OR, they can use XRP, which saves an additional 30% in txn fees costs equating to hundreds of millions in savings on large scale.
Oh and it also frees up billions of dollars in capital that are held by banks in nostro/vostro overseas accounts that are needed for fiat liquidity. Capital that is sitting dormant and not being put to work.
RippleNet is the first step towards large-scale XRP adoption
The bitcoin revolution failed. Banks are here to stay whether you like it or not. Screencap this because there'll be a time in the not too-distant future where XRP will dethrone ethereum again followed by bitcoin shortly after.
Also try actually working out the liquidity needed for 76 billion in transfers daily if xrp does not 1500 txps. It's overvalued at 1 cent let alone one dollar.
Julian Lee
>Also try actually working out the liquidity needed for 76 billion in transfers daily if xrp does not 1500 txps. that why XRP real value is $100
Luis Baker
no girl hs ever touched me like that why does she touch le fat ugly balding kike meme currency creator reeee
No. It's just not. You need 586 dollars per second of liquidity based on 1500 txps and 76 billion dollars over a 24 hour period of time. Now if there are potentially 99 billion ripple......
David Robinson
Once a payment channel is created XRP can actually settle off-chain which allows for ~50k tps (as fast as VISA)
I hold xrp and have been since 2014 but I'm not an idiot that thinks it will be worth 100 dollars per coin. I also hold trinity, zilliqa, icon, wan, Link, req, xmr, eth, btc, 0chain and dont laugh but some credits
Ryder King
[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 institutions 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 bankrupt the whole ecosystem. -An attack could only stop new transactions temporarily. Participants would simply remove bad participants from their list
. [Decentralization] -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 market share. -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).
I don't think it will be $100 either but you have to admit at the moment it is the coin the most poised for large-scale adoption
I'm surprised you believe that nonsense bloomberg article if you're an xrp holder. Matthew Leising is a known sensationalising dunce
Landon Barnes
I get that the article is sensationalist but as a long term holder I also think the idea the xrp is unique or somehow just waiting for universal adoption is naive. Almost all of the pictures posted above are just quotes from ripple itself. It's not objective and the lack of audit on the chain is worrying. My exit point is before 10 dollars on the next run and my major worry is that xrp is just a chance for garlinghouse to print money. Banks may adopt ripple but not xrp even with savings that's the cold reality
Jose Ross
Below is a guy that posted a quotient of savings incurred by using XRP for settlement by a source separate from ripple (SBI Group) What do you mean by lack of auditing on the chain exactly? I have heard nothing on the matter
Lincoln Kelly
What are you talking about? She's hover-handing him.
Benjamin Ward
Also I hardly see how the company's vision can be "for garlinghouse to print money"... ripple has over 200 employees and a board members including the ex-National Economic Advisor to the Clinton and Obama administrations.
Of all the crypto projects out there, ripple would surprise me the most if it came out XRP was simply a means of "printing money."
Ripple is missing 32,570 blocks from the start of the ledger and nodes are not able to obtain this data. This means that you unable to audit the whole chain and the full path of Ripple’s original 100 billion XRP launch. When people talk about centralization (avoiding the idiots who are muh centralized coin) this is what they mean. In order to be a public chain and trustworthy you have to be auditable. No audit means the SEC will come down hard due to fraud implications.
Bentley Myers
Isnt that the chick that has banged the entire ripple team?
Brody Jones
Im not here to say it's all rubbish as I am a large holder and I've been around long enough to feel like I know what I'm doing but I'm also cautious that there is a fine line between what they say and the usual crypto bullshit.
Austin James
>tfw you'll never be such a Lynch from Kane & Lynch style manmore that even alpha bitches hoverhand you
Jayden Phillips
Because he's tall with a big jaw. Literally all you need
Brandon Jenkins
Who gots the vid of this bitch getting ogre'd on for XRP? heard its floating around
Yeah absolutely I agree. One of the main reasons I make xrp posts on /biz is because they sometimes point out things which I am not knowledgable about which would be considered FUD by xrp fanboys (e.g. that thing you just said about the missing blocks - I didnt know about that and am going to have to look into it). And if you can disprove the fud you strengthen your knowledge of the product and your arguments for the likelihood of its success.
Jackson Brown
I completely agree. I still feel biz can sometimes the most useful source of info. I've always tried to get projects based on two things, sound fundamentals or hype (my reason for credits, it could all be bullshit but made me a load of money during this bear)
Ryder Howard
Completely clickbait article, it is common practice in the crypto space to pay exchanges to get your coin listed.. do some research before you make yourself look the fool
Coinbase refuses to list XRP because it has huge stakes in BTC and ETH and thus listing XRP poses the threat that it will overtake them in marketcap and decrease the value of their bags
Idk about gemini but jeezus.. its the fuckin winklevoss twins' exchange. And it has 2 cryptos on it. Hardly the mecca of importance for listings.
> top-tier shitcoin If ripple is your idea of a top-tier shitcoin I would absolutely love to hear what coins you hold? Do tell
Jason Moore
Non-shitcoins like Monero, QRL and Sumokoin ?
Anything that satifies the only 2 important properties of crypto: - decentralisation . anonymity
Hudson Garcia
he's a big guy
Isaac Bailey
I always got a kick out of how his fake name was "Joel Katz"
Dylan Miller
Rather be poor than buying XRP
Carson Garcia
I AM SUPPRIZED THIS GUY HAS NOT YET BECOME A MEME
Hudson Butler
I'd rather buy dollars then XRP
Gavin Torres
anybody who invests in a "cryptocurrency" where a single company created all the supply in one event and kept 80% for themselves is retarded.
Christian Campbell
why would ripple have a chief cryptographer. i would expect they should rarely/never change any of their approach to cryptography. so does he just fuck around on the internet all day and go to conferences, just waiting to see if any new major vulnerabilities or better approaches come out?
Are you guys the negroes who bought @ 3 buckerinos?
Carter Diaz
> only 2 important properties of crypto it depends what the use-case is
privacy-based coins like monero are aimed at a completely different market than coins like XRP. They're hardly in competition and there's no reason they can't coexist peacefully.
For a token like XRP that aims to create an instant, real-time payment settlement network, those two properties would be further down the list in terms of priority. I would say the two most important properties of payment tokens would be liquidity and txn speed, both properties which XRP excels in
Gabriel Sullivan
lol look at this disgusting jew. how much CP you think he's got encrypted on his hard drive
Ok well this is just blatant misinformation. XRP was created years before Ripple was founded, and was gifted to the company in the return for stewardship.
Evan Myers
hes a profesional, he doesnt get involved in all the crypto drama that shitcoin holders love to see
Joshua Robinson
you are disgusting
Luke Brown
He is disgusting, absolutely pitiful
Nicholas Ross
I love David, but he really needs to focus on delivering some XRP gains. I'm tired of waiting for the price to appreciate beyond the December bull run levels. I'm sick and disgusted at the fall in price.
We want gains.
Sebastian Morgan
david shwartz detected
Daniel Anderson
Jesus christ, David's job is not to pump the price of XRP for you. He's not justin sun
Just be patient mate, the gains will come
Michael Sullivan
That just sounds like them keeping it all themselves with extra steps
Carter King
Ripple labs (originally "Opencoin") was founded in 2012 by Jed McCaleb & Chris Larsen. All 100 billion coins of XRP that exist were created when the network launched also in 2012. creators kept 20 billion for themselves to do whatever they like with, then gifted their own company 60 billion XRP to "methodically" release to the public. I'm actually not sure how the other 20 billion we're released, wasn't it airdrops and other give aways? my memory is hazy from back then but i think i remember bitcoin talk threads where ripple labs was giving away amounts of xrp that was worth quite a fortune at its peak.
Cameron Cook
Something about crazy eyes on the right there, that makes my dick diamonds...
Jonathan Bennett
This Tiffany Hayden seems to be furiously flicking her bean to le juden. Does this bother you trailer trash neet degenerates?
Justin King
>cross-border payments this is a faggot made meme by bank related cryptos all crypto tokens are cross-border
Jose Murphy
APPLE IMPLEMENTS INTERLEDGER PROTOCOL ON SAFARI AND IOS!!!!
