So XRP was just showcased facilitating a cross border fiat to fiat tx in under 2 min.
What did your coin achieve today?
Shill your coin here
Christopher Gray
Jonathan Cruz
Great. Wow.
So why is the fucking price doing nothing?
Jacob Perry
My coin wasn't sued.
Alexander Adams
What's the joke in this comic?
Kayden Campbell
(((Katz)))
(((Schwartz)))
To the ovens.
Luis Brooks
Is it because its irrelevant?
Camden Richardson
So you think XRP is worth more than the current price?
Cameron Baker
news.livecoinwatch.com
bought ath, lost 889 usd and sued ripple
is this the state of xrp fud? a class action lawsuit for 899 usd?
John Edwards
Do you think anyone will actually use this? I don't. There are no details, $100 sent from NY to Mexico, 2 different conversions, was it dollars to pesos? The end result was pesos in a Mexican bank account. Was it dollars to pesos converted? Where can I find details? I do see the advantage over Western Union or Money Gram which is heavy handed when it comes to fees. Western Union transfers fiat pretty quick, what advantage does this have? Lower fees? I doubt it.
Joseph Brooks
dude you are retarded, and im telling you sincerely.
and yes, usd was sent from ny and it arrived as mexican pesos to mexico.
WU and Moneygram are both partners of ripple and use xrapid (xrp)
>transfers fiat pretty quick, what advantage does this have? Lower fees? I doubt it.
bad start. lower fees and faster speed is the whole point of it.
Jacob Bailey
Dollars to pesos is correct.
Less intermediaries = less fees. Western Union for example requires transfers between many reciprocal banking relationships to facilitate a transaction of this type using nostro/vostro accounts. It takes days to settle a transaction.
Western Union and Moneygram are partners with Ripple anyway and are trialling this very product to improve their back end.
Michael Collins
no one is going to partner with centralized jewish shit
Connor Long
History she will be gangraped by big burly Soviety men, while an Americans come in late and jerks off over her face
Charles Lee
>no one is going to do the exact thing that is happening right now
Holy shit. The absolute state of this board
Caleb Rivera
Kek. Nice ironic shit posting
Robert Myers
Oh fuck, that's right about Western Union, forgot what a convoluted mess it is on the backend of things. You get the money in minutes, but in reality, the money was already there in a sense ahead of time by WU. With XRP the local banks or whatever the money is being sent to won't have to hold local currency in a sense like WU and MG do now, that's a huge plus I guess.
Bentley Edwards
you are wrong twice in a single sentence. watch.
not centralized. xrpcharts.ripple.com
with xrp 1vote=1vote, in bitcoin for example (pow) and (pos) 1 vote= 1vote*mining power. do you really think small time miners are able to compete against massive mining operations like bitmain with ASICs, think it again. xrp is going from centralized to decentralized really fast. pow coins are doing the oposite.
also you can find a list of partners in this link rppl.info
Hunter Peterson
Yep. Globally its estimated that 27 trillion dollars sits dormant in nostro/vostro accounts.
Nathaniel Mitchell
RIDF leave.
Jayden Walker
cant believe people still think xrp is going to be adopted by any banks. ripple has to beg companies to use xrp by handing it out in the millions to these companies.
the second they get a whiff of a network that works in the exact same way, but like swift, is managed and controlled by their own, that lets them profit, instead of handing those profits over to an outside company, xrp will literally be over.
Jeremiah Turner
Give it time m8, biz dont deverse the greatness of this shitcoins
Jaxson Wood
>once a product comes out that is better than the current product the former will be obsolete
Connor Phillips
nice, you got it right bud
and yes it is a huge plus
is already being adopted
Carter Gray
I don't give a fuck if it's going to be adopted or whatever, give me that fucking pump baby.
Daniel King
>the second they get a whiff of a network that works in the exact same way, but like swift
xCurrent
>is managed and controlled by their own
Doesn't address the issue of trust and ignores the fact that major international banks are in direct competition with one another. The banking sector hasn't progressed in over 30years because they're so heavily regulated and conservative as a result. They would rather let a third party do the leg work and co-opt it.
>that lets them profit
They profit from the savings achieved and the obscene amount of funds that are freed up from the existing nostro accounts. You obviously have no understanding of how international remittance currently works
The 5 commas in your absolute abortion of sentence should have been evidence enough you aren't all that bright, but I persisted for the sake of others that may enter this thread.
Bentley Sanchez
Lets all sue satoshi everytime bitcoin drops
Samuel Jenkins
Once Xrapid goes live xrp will go to the moon. If you do not see what is going on with BTC and bitrex your a fuckin moron
Charles Jackson
mmmm fresh harvested baby brains
mmmm.... yummy...
Chase Collins
For only around 400 xrp
Its the legal precedence it creates, if they win that small ruling it adds credence and cause to justify the classification of it as a security. Its not exactly fud, it could be by some of the actual major stake holders of the coin. They essentially poking at its legal defenses to see how it would do under increased scrutiny. Its smart, maybe if yall had half a brain in between yer nuts you might get the thoughts going in between jerking scratching to read in between the lines.
Connor Perry
27tril right? Just so you can get money in minutes or a few days. That right there alone is reason enough for crypto to come along and solve this problem.
Sick.
Landon Johnson
P R I C E D I N
Isaac Davis
SEC has already said the only crypos that MIGHT be securities are ICO's
Connor Reyes
Maybe do some of your own research and you'll understand that Ripple has been working closely with the FED and SEC for years and knows exactly where it stands. Hence why it's able to get these xRapid pilots off the ground, it already knows what XRP is classified as. Cases like these are just your run of the mill ambulance chasers looking for an easy settlement.
>maybe if yall had half a brain in between yer nuts
And for a brief second you were able to delude yourself into believing you had one yourself. Now you're just here holding your own dick. Whoops
David Murphy
The reason this coin won't amount to anything is that the speculative aspect of XRP makes it kind of a scam. There's no reason they can't just create 1 trillion of a coin and assign them each a value of $1 or something; doing this would eliminate the volatility risk for banks and also eliminate the pointless speculative ponzi aspect. Maybe I just described xCurrent, I really only am familiar with xRapid. XRP was an interesting experiment but is as pointless as most other cryptos
Sebastian Cruz
The opposite is true though aswell. Its an opportunity for Ripple to prove that XRP isnt a security.
Ethan Reed
>standing room only
there's no fucking chairs
>Shill your coin here
QLC Chain has announced its rebrand, is partnering with ONT, announced an upcoming airdrop, is teasing some big partnerships on one of its main team member's Twitter account, etc. Most undervalued project in all of crypto.
Easton Perry
this shit doesn't even matter. coinbase is registering with the sec so they can list them even if they are securities and every other major exchange will follow. Nothing is going to 0 because you have to fill out a form and pay your taxes as if they wouldn't assrape you for them eventually if you aren't paying
Benjamin Peterson
So what does the xrp coin do exactly
Jaxson Adams
Many currencies used to have fixed values but they were 'floated' to have supply determined by supply and demand. This has a few advantages such a pricing in new information faster and protecting currenies from external economic issues.
James Sanchez
... to have *price determined ...
Juan Kelly
You should read the rest of this thread friend
Camden Jones
>doing this would eliminate the volatility risk for banks
There is no volatility risk to the user because you don't hold XRP in reserve to use xRapid. It is sourced ON DEMAND. The speed that it is sourced and used in the xRapid (XRP) part of the entire transaction is so fast (2-3 seconds), volatility becomes irrelevant. The dollar proves to be more volatile in remittance because of the shear amount of time (3-5 days) it takes to complete
>I really only am familiar with xRapid.
No you aren't. Because the scenario you described and the problem you perceived doesn't exist the way xRapid works.
>There's no reason they can't just create 1 trillion of a coin
and then do what? Without the tech, infrastructure and partners to support it (xRapid, xCurrent, xVia) the coin is pointless. XRP the token is just another gear in the machine, it isn't the product. So yeah, anyone can magic 1 trillion of a token on some network, but you can't magic 5 years of development, pilot programs and partners. If you could, FIs wouldnt be using a slow, expensive, cumbersome 30year old system still today, would they.
Cameron Jackson
cobalt brings the time down to like one second or less from what i've heard.
Carter Wood
>transfers 25 XRP from Binance to poloniex
>only recieves 5 xrp to polonies
>20 xrp is forever stuck in a forced cold wallet for security reasons.
Why does XRP do this?
Nathaniel Edwards
>being this retarded
Ayden Cox
Soon...
Nathan Mitchell
you havent really transfered any xrp from binance to poloniex otherwise you would know
>security reasons.
lmao
Ryan Gomez
But I did.....
Brayden Taylor
nvm, poloniex has a true xrp wallet,
xrp wallets require a minimum balance of 20 xrp, its a way to prevent users from spamming the network by creating tons of empty wallets
you know 20 xrp are going to get stuck in a exchange if the exchange doesnt require a destination tag
Easton Ross
So my dog died last night. :(
I'm taking him outside when I notice the collar he has on.
My wives boyfriend and I handmade that collar. It was a really nice piece of aluminum with a wooden box.
It had the dogs name on it also, but that isn't important right now.
I'm holding the dog in my arms outside heading to the woods using my other hand to mess with the collar and I trip.
Some background: this giant toad has been digging this hole out by the woods.
I fall down this hole and I swear it goes on forever. I wake up and my eyes slowly adjust to the light.
It feels cold, like the the place is air conditioned. Suddenly I realize I'm in what looks like a server room.
I access what looks to be a unix like operating system and I say out loud: "I know this!".
Going through all the commands by memory, man pages and GUI are for babies, I discover something.
Someone has been ether mining down here!
I suddenly get a sense of dread and now I understand why my electric bill has been so high.
*Loud noise
There was a loud noise and suddenly giant toad!
I realize I'm still holding a dog carcass. I never really liked the dog, so I rip off the collar and throw the dog to the toad as like an offering to the gods or in this case lunch.
So I ran out of there and was just about to climb out of the hole, when I realized there was a lift.
Not sure why I didn't notice this before. I come up right next to the garage.
So as I'm trying to catch my breath, even though I only ran about 10 feet. Man, I have to join that planet fitness my "wife" is always talking about. I say wife in quotations because we stopped having sex. Not sure when it actually happened.
I have the collar in my hand and I break open the wooden circular box, in a little anger because of the lack of sex.
In the box was a private key for Ripple.
I then am confused because Ripple can't be mined. Then I realize the Toad must be Jewish and now it all makes sense.
Bentley Green
how do I get the 20 xrp out of the exchange?
Aaron Price
You have to wait until Ripple lowers the wallet reserve requirement. It used to be 50-something XRP. They will lower it when the price goes up. Then you can withdraw the excess XRP.
Gavin Carter
you cant bud, polo exit scammed you, they have a pretty retarded system desu, they could use destination tags like every other exchange
Ayden Reed
The last XRP bear market lasted 7 months. We are 5 1/2 months into this bear market.
Ian Lopez
Best kek of the day right here.
Im out baby!
Nolan Carter
so instead of using a more or less decentralized system of nostro/vostro accounts in various different centralized banks, they should use only 1 centralized system? so if the system has any troubles (bugs, slowdowns, hacks, whatever) everything stops?
great work there genius.
Camden Moore
>circulating supply- 39bil
>total supply- 100bil
please explain to me where the rest (60bil) of ripples are? and how they might impact the voting youve described?
Levi Young
I didn't come up xRapid so don't call me the genius.
The current cross border payment system breaks down all the time. All those different centralized banks create too many moving parts that are all points of failure. Swift states they have a 6% error rate. Imagine if 6% of your emails never got to the recipient.
Jayden Brooks
>Even the tiniest, most minute risk of failure immediately invalidates any system
Guess every single system in every industry ever is now worthless. You could make this argument about everything from an assembly line, to VISA to any intranet anywhere.
>so instead of using a more or less decentralized system of nostro/vostro accounts
But they aren't "decentralized" are they. In fact, I'm not you know what decentralization means. The current system is highly centralized individual sovereign banking systems with no inter-connectivity. The nostro accounts are a round-about, ham-fisted way of loose affiliations to try and transfer value between countries without actually every transferring anything across borders.
What has resulted is a slow, opaque and incredibly expensive system that is stuck in the 70s
>please explain to me where the rest (60bil) of ripples are? and how they might impact the voting you've described?
>I'm going to tell everyone how this system doesn't work
>I also have no fucking idea how this system works
typical
XRP the token has absolutely nothing to do with the validation of the network. What is referring to is all the validators that decide what happens on the network. So 1 validator is only ever 1 validator and only ever = 1 vote. Unlike like BTCs PoW where 1 mining pool = 1 vote multiplied by it's collective mining power. PoW effectively makes smaller pools or individuals miners increasingly irrelevant and allows networks to be hijacked by a 51% majority.
XRP validators are currently run by Ripple itself and other trusted sources like MIT, Microsoft or individual ISPs (Japan, sweden). Since there are NO rewards or financial incentives for running validators, the only interest is the integrity of the ripple network itself. As more partners adopt the technology and run their own validators, Ripple itself will reduce the number it runs to further decentralize the network.
Brandon Walker
60 billion XRP are held in escrow by Ripple with timed monthly releases to industry purchasers to foster adoption.
The voting system user desribes is a very simplified desription on how XRP validators accept which is the correct ledger (I think). Actually holding XRP doesnt give you any voting rights on anything to my knowledge.
Michael Young
>What's happening isn't happening
Jesus H Christ why do I even come to this dumbass board anymore....
Jordan Lee
I do not own, and will never own a currency coin. With that being said, XRP is the clear winner for blockchain transactions. Ripple labs has the Interledger protocol that renders OMG obsolete, and in addition they have all the normies on board. I would buy some XRP, but I think it's too expensive right now and would rather focus on projects that use the blockchain in different ways. But yes, NANO, OMG, LTC, or whatever the flavor transaction coin is are all shit and will be destroyed by XRP.
Evan Morales
Being decentralized
David Diaz
they also give a lot of redundancy to the system. sure, it might lead to additional costs and waste, but it also guarantees that the system is constantly operational. the failure rate might be 6%, but if i have 3 channels it gives me 0.002% failure.
of course everything fails, thats why we have redundancies in properly designed systems. what youre suggesting is to get rid of the redundancy and just hope and pray that everything works out fine.
and the system of centralized nostro/vostro accounts can be considered decentralized in the sense that a failure in one point (center) does not lead to a total collapse of the whole system, as it would if everyone just used ripple.
why didnt you answer my questions and just sperged out that i dont understand ripple? answer them, i didnt claim i have deep knowledge of everything ripple does, its enough for me to know that its centralized and requires trust for me to avoid it.
>XRP validators are currently run by Ripple itself and other trusted sources
pic related
Isaac Morgan
This has to be a joke right
Josiah Reed
Bitcoin is not a security though.....
the fuckin state of XRP tards
Isaac Powell
>other systems have redundancies
>I know nothing about xRapid but for the sake of my argument I'll make the unfounded assumption that it has no and never will have redundancies at all
>i have no basis for this assumption other than the need to be right
>trust me even though I've repeatedly demonstrated a staggering ignorance of the workings of xRapid and XRP
>please take me seriously and spend even more time spoon-feeding my stupidity
Burden of proof lies with you brainlet. You're making the assertion that Ripples products are catastrophically flawed despite all evidence to the contrary. That includes the successful and ongoing pilots performed with SBI group, Cuallix, WU, Moneygram and Mercury. Or even just the day to day use of the network by retail users to send XRP between private wallets.
You're basing your arguments on the assumption that the implementation of xRapid means ALL other payment systems get dumpstered with no alternative (why?). That the system is prone to catastrophic failure that would result in complete collapse (based on what knowledge?).
>i didnt claim i have deep knowledge of everything ripple does
You have no knowledge
> its enough for me to know that its centralized and requires trust for me to avoid it.
then I can only assume you don't use anything
>XRP validators are currently run by Ripple itself and other trusted sources
>played
XRP and it's validators are becoming more decentralized as time goes on. More and more Ripple validators being retired for unrelated 3rd parties with a vested interested in maintaining its integrity. Meanwhile PoW systems have been proven to only become more centralized as time goes on.
Neither is XRP
Blake Wright
XRP is literally better than Bitcoin in every single way. It's been around for YEARS as a top-3 coin, something uneduted faggots do not (want to) understand.
They will be left behind - and ultimately kill themself - when XRP goes to 589$.
XRP will likely be the cause for one of the largest mass-suicides in human history.
Easton Jackson
How come noone is buying XRP though? So many partnerships and whatnot, yet the volume is pitiful and price is shit. Why doesn't the market seem to appreciate the wonderful strengths and huge potential of the coin?
Jason Long
I think one of its main problems is that its actually looking to solve a real world current problem instead of a future sci fi infinite growth AI smart contract cloud based synergised blockchain problem that doesnt exist yet
Angel Jackson
No marketing - that is why. Ripple has been DEAD silent as of late. Compare this to December.
William Jenkins
Just need another crypto hype bubble and ripple will up their marketing again - it would make little sense to do it now to be fair
John Wright
XLM can do that in under a minute.
Grayson Sullivan
Sending a cross border transaction from Bank A to Bank A for example with the current system is a bit like a circuit in series. Sure there are some points in parallel but overall any break down during the tx leads to a failed transaction. Thats not even the worst part. What happens at these reciprocal banks is unknown. Bank A pushes out a transaction into the swift system. They dont get any feedback until its made it to its final destination Bank B. What happened at Banks C, D, and Z etc. are unknown. Sure they could launch an enquiry, maybe Bank D in India missed typed the desination tag, but that costs money to track down. That is where the 6% failure rate comes from.
I dont know everything about xRapid but from what I have read it will have redundancies. Ill let you in on a secret. They have stated that they plan for xRapid to use other digital assests other than XRP. Say Bank A wants to send to Bank B but Bank B country doesnt have a fiat to XRP exchange in theory xRapid could use BTC or any other supported digital asset.
Liam Campbell
Where the fuck is the live demo?
Kayden Diaz
The XRP part took seconds. The rate limiting steps are the fiat to fiat conversions at banks at either end.
Oliver Gray
so much text and you havent actually said anything. gj, pajeet, i hope you get payed per word.
>XRP and it's validators are becoming more decentralized as time goes on.
who chooses those validators?
>comparing centralized db with dlts
>thinks hes smart
btw, did ripple finally managed to recover the 32k missing blocks, or is the "blockchain" still full of holes and impossible to audit?
Hudson Parker
but then it means that xrp token is useless and this whole xrp cryptocurrency bullshit is just a scammy front for getting investments without accountability (that would come with something like stocks). by buying the xrp token, youre basically giving money away to a company that is using your money to develop a product that they alone will benefit from. they wont have to compensate you, they dont have to give you reports on what theyre spending that money on, you wont get any dividends and in the end, they can flood the market with their 60+bil airdropped tokens and just switch to using any other digital asset for their xrapid product, even further assfucking any "investors".
Isaiah Walker
These boomers are so retarded, do they even do a bit of research about blockchain? It really blows my mind how uneducated and incompetent these "professionals" actually are.
Ayden Nelson
" .. for every two independent validators ... one Ripple-operated validator will be removed."
ripple.com
Yes blocks 0-32569 are missing.
Please continue the FUD
Ryder Gutierrez
It's one of the most overhyped and overvalued coin of the market right now. If you want gains there are hundreds of other coins to invest in that will give better returns.
Grayson Miller
At the moment XRP is useless. We need a product like xRapid to make use of it.
Ripple believes that given a level playing field using xRapid banks will want to use XRP and sometimes other digital assets as an alternative to the current shit show that cross border transacting is. This creates use for XRP AND other cyptocurrencies. Obviously the system will be designed with XRP in mind but other coins can be your redundancies.
A rising tide lifts all boats.
Isaiah Murphy
L M A O
This is how stupid people actually are. Mutts awake yet? There is not a single working asset currently on the market that provides even near as good as XRP.
David Evans
who chooses the "independent" validators? can anyone become one?
why would anyone buy xrp (the token)? if half of their pr bullshit is true, i would consider buying ripple (the company) stocks. i imagine that most of token buyers think thats what they bought, while in reality, they just gave away their money for a private company to develop a product. its socialization of costs and privatization of profits and theyre doing that by confusing people (for example naming both their company and their token ripple).
Josiah Miller
We are not buying Ripple securities when we buy XRP.
XRP has a huge advantage over other coins that a large professional outfit is driving adoption, software and use of the coin. Sure they could turn around and make a new coin anytime but they would undo all of that work on the XRP ecosystem. They also cannot dump all their XRP as it is locked in escrow for timed release.
Julian Parker
You are arguing that blockchain technology will not replace legacy money-transfer systems.
On the contrary. It is you who has played himself.
Jonathan Rodriguez
Yes anyone can make a validator even yourself. Ripple adds trusted nodes to a "recommended Unique Node List." This is just for the process of taking down their own validators.
Ah the old ripple stock but not XRP meme. You can buy Ripple stock if youre an authorized investor in the US. Ripple is making an active effort to push Ripple does not equal XRP. If you truely believe that Ripple is going to be successful but XRP then thats fine. I personally think thats very unlikely as they obviously have a strong financial incentive to continue to find use cases for XRP
Christopher Perry
So it's centralized then. Thanks for confirming.
Hunter Howard
i absolutely believe that blockchains will replace legacy systems. what im arguing (there really shouldnt even be any questions regarding this) is that xrp is not a cryptocurrency, it is not a blockchain and is centralized and trusted.
thats exactly a problem that youre not buying a security. i mean its great for ripple (the company), but its awful for "investors". like i mentioned multiple times, this just means that youre giving away money to a private company to develop their product (basically a way shittier kickstarter) without getting any accountability, future profits or anything in return.
Caleb Morgan
>muh bad bank coin
>muh they use another coin
>muh centralized
>muh security
>muh buttcoin
Bois u see this?
EOY 99% of this board.
Pic related
Ethan Carter
But but but mahdecentralized arguments.....
Choke on the XRP cock decentralization mongoloid.
Samuel Gutierrez
Centralized heading towards decentralized as opposed to some other coins that are going the other way.
Alexander Hall
>what are dust?
>what are exchange wallets?
>what are casino wallets?
>what are early miner lost wallets?
i guess youre too stupid to understand that 1 address != 1 person.
Oliver Gray
Blockchain/cryptocurrencies are cool tech but what is going to become apparent to everyone is that you need a link between it and the current systems. Good software, UIs, APIs and a corporate face to sell it etc. XRP has Ripple and now Coil which are dedicated companies driving these advancements. I guarantee that coins that rely on their community to push them to industry adoption will not get there.
Sure there is a theoretical possibilty that they could all exit scam but with that risk comes huge upside potential. Overall it just sounds like the risk profile your after is below XRP which is totally fine.
Alexander Foster
No it's not. It's centralization towards a different kind of centralization, re-read what you wrote if you don't understand. Nowhere in the process is trust removed by the way.
Ian Hernandez
The only person COIL if following, is THIS MAN ;)
i let your imagination run now for a while. And for the others ---> FUCK YOU. die on the XRP dick that will penetrate you an your fancy freedom and flowers phantasy
Joseph Sanchez
again, im not trying to dispute that ripple (the company) might be successful. like i said, i would gladly buy some of their shares if i could.
the problem i see is with the xrp (the token), which like i mentioned multiple times is useless and just a scam to take peoples money without offering anything in return. just like kickstarter and other crowdfunding platforms were used by scammers in 2012-2014, those same scammers moved to cryptocurrencies and just want investments without accountability from stupid and gullible idiots.
as for my risk tolerance: im heavily invested in cryptocurrencies. i dont think it gets any more riskier than that.
Lucas Morgan
I think youre implying that the fact that Ripple pick trusted validators before turning off theirs therefore that is centralized. They only do that to prevent one person making heaps of them and corrupting the network before they turn theirs off. Anyone can make a validator and XRP ledger will be run by the various stakeholders and any extra add ons with no central entity. Please inform me how this is centralized?
Asher Williams
Sure but what Ive said a few time is that Ripple has a huge financial incentive to find use cases for XRP. Therefore Ripple success very likely (not guaranteed) to equal XRP success. That is what differentiates it from crowd funding via Kickstarter where there is no financial incentive to grow the wealth of funders.
Im tired of arguing. Best of luck with your coins user I hope we can both make it.
Henry James
The fact that Ripples controls who can be a validator makes it indirectly centralized. You have no way of knowing why and how they are picked, nobody but Ripple has cobtrol over who is picked, and there is no way of knowing if there is a deal done behind closed door or not between Ripple and picked validators.
It's a shit system overall.