What the fuck does XRP DO?! In a BTC like cryptocoin the token is the currency itself, but what do XRP tokens do??...

What the fuck does XRP DO?! In a BTC like cryptocoin the token is the currency itself, but what do XRP tokens do??? They were just issued out of thin air and sold in crypto markets despite them having nothing inherent to them that makes them a crypto. Its like a stock in a company but without the dividends. Any banks that use ripple's system will not be using $XRP, they will use their own internal token... BTC-like cryptos have value because they aren't controlled by any central authority which was the whole point to create them in the first place, and if (((they))) take over the dev team and the code changes fundamentally, you fork it (BCH) and miners will come on their own. If people don't understand that the economy is doomed.

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With XRP you can transfer value to anyone in the world in 4 seconds for 1/100th of a penny while remaining compliant with financial regulations. This is important to the billionaires and trillionaires since they are the ones that write the financial regulations.

Part of the original value proposition of BTC was that you can transfer value to anyone in the world in 15 minutes for free, while being NON-compliant with financial regulations. Now BTC is slow and expensive and other alts have arisen to address the speed and cost issues of BTC.

The value in cryptos is not from decentralization. The value is people willing to exchange goods and services for the currency. Alot of people are still willing to exchange goods and services for BTC, in spite of the speed and cost issues. If the billionaires and trillionaires can get Amazon, major grocery and retail chains, and all or most of the fortune 500 companies to exchange goods and services for XRP, then XRP will be extremely valuable (tens of $Trillions).

The value comes from the network of users, not from the technology. Gold and silver have no technology whatsoever, but they remain valuable because lots of people are willing to exchange goods and services for gold and silver.

Why use ripple then when you can use stellar lumens that can also covert fiat

Overvalued shitcoin.
Ripple corp. owns 60B $XRP which they have time-locked so they only can spend/sell 5B $XRP per month.
Dump is coming soon.

steemit.com/ripple/@olyup/fck-you-money-the-rise-and-fall-of-xrp

Dumb money has been tricked to trade their btc and eth for a worthless coin. You dont need XRP to use its tech.

Fucking this.
XLM

covert fiat confirmed

It takes the goyim money.

Lots of cryptos can make fast transactions with 1,000+ TPS. Tomorrow, an even better crypto could be created. The technology is not what people are buying. People are buying the network of users. Ripple has been working with the banks and fortune 500 corporations from the beginning because if they can get the richest people and corporations in the world to use their currency, the rest of the world will follow.

Other cryptos are targeting the thousandaires. Thousandaires control only a small percentage of the world's goods and services. Therefore, any currency used exclusively by the thousandaires gives access to a small percentage of the world's goods and services.

The users are more valuable than the technology. Ripple is creating a currency for the billionaires and trillionaires. The thousandaires will eventually use whatever currency the billionaires and trillionaires use, just like how we all use worthless federal reserve notes, and even measure our crypto gains in FRNs.

saved

ah, regulations

you mean the arbitrary made up rules who always favor the banksters and always rip off the rest of us?

FUCK RIPPLE

>have blockchain
>use chuckie cheese tokens

Why the fuck do people buy into this shit?

if XRP or BTC wins it's proof that the free market doesn't work

It absolutely is fiat, and they're releasing it to the public for cheap before they make it mainstream. Helicopter money.

fiat by definition has to be enforced by a government, "by decree" is what it means

There are so many trust issues with cripple its not even worth looking at as a serious contender of this new economy we're creating. How the fuck are you going to execute smart contracts over a system requiring 3rd party trust? Oh that's right you can't because such a procedure would be the exact same as traditional contracting, with all the same fucking friction so literally nothing has improved.

They don't want to own bitcoin or etherium. They want the people using BTC and ETH as currencies to use FRNs or XRP as currency. This is to maintain the current sales and income tax system. They need people to use currency that tracks transactions so they can say, "you bought and sold X, pay us Y." They don't care about the "limited supply" of BTC or ETC because the "limited supply" is totally arbitrary. Kind of like how there is a limited supply of rocks in my back yard, but nobody cares or considers them valuable. What is valuable about BTC and ETH is the network of users willing to exchange goods and services. The banks want people to use currencies that fit into the modern banking system so they can monitor transactions and levy taxes.

This has nothing to do with the banks getting MUH PRECIOUS BTC. It has everything to do with maintaining the current sales and income tax system.

>It has everything to do with maintaining the current sales and income tax system.
Banks don't give a fuck about taxes, they want to remain middlemen and hold people's money and lend it to their friends.

It's not for smart contracts, it's a medium of exchange. The banks will have something else do smart contracts.

>supply is arbitrary
>centralized systems like Ripple allow bankers to fluctuate supply and who controls that supply
>sees no problem with this

You're either fucking retarded or paid to be here, in any case

You don't understand crypto currency at all.

They give a fuck about taxes because they need the people to keep paying the interest on all the government debt. Remember how the income tax and the Federal Reserve were created within one year of each other?

Holy shit you're retarded.

>supply is arbitrary
>centralized systems like Ripple allow bankers to fluctuate supply and who controls that supply
>sees no problem with this

Just like how paper and electronic money used around the world has arbitrary supply controlled by central banks, yet people are using it for commerce. I never said it was good. I am simply describing the situation as it is today.

Maybe you think that a currency with better properties than fiat can win simply on its technical merits? No. The currency with more users exchanging goods and services will win, regardless of its technical merits. Although having good technical merits will certainly help. Why hasn't Raiblocks or one of the other lightning fast, scalable cryptos already beaten BTC? Simply because people still want to trade goods and services for BTC, even if it is slow and expensive. If major, fortune 500 companies announce support for XRP it will result in rapid market adoption because of all the customers, goods and services represented by fortune 500 companies.

Look at it this way. A few car dealerships have already announced that they will sell cars for BTC. Compare that to Ford, or GM, or VW announcing that they will sell any and all of their cars for XRP. A local coffee shop accepting BTC, compared to Starbucks accepting XRP. A corner grocery store accepting BTC compared to Costco accepting XRP. Do you see that the scale of customers, goods and services is totally different?

It has nothing to do with the Fed. They could still be middlemen between the state and people on taxes without inflating the currency.

Is that all you've got?

The Fed, banks and government have a symbiotic relationship. The government borrows recklessly, the Banks buy the debt from the government, and the Fed buys the debt from the banks at a slight markup. Payments on the debt need to be made, and that money comes from the people being taxed.

big if tru

Bitcoin looks great on paper mate, we just tried it for the past 7 years and it doesn't fucking work or solve any problems.

In fact bitcoin actually adds to the problems.

Do you know how much electricity will be consumed in a couple years time just to mine this piece of shit bitcoin? Say what you want on this, but the fact is that the power should be spent elsewhere on real life things that help normal people.

Do you really think that governments will allow you to hide all your 'wealth' in bitcoins and then secretly cash out and live large?

Are you fucking retarded?

>The government borrows recklessly
But that's one of the most debatable topics in economy and state, some of the things the state do are essential. It assumes there'll be growth which is kinda truth in the industrial age.

Thank you. A man of rationality.

imagine the current money-transfer being GSM
in that case XRP is LTE

disclaimer: i think

>Do you know how much electricity will be consumed in a couple years time just to mine this piece of shit bitcoin? Say what you want on this, but the fact is that the power should be spent elsewhere on real life things that help normal people.
Don't worry, BTC will be worth exactly $0 in a few years.

>Do you really think that governments will allow you to hide all your 'wealth' in bitcoins and then secretly cash out and live large?
I don't know where you live, but in my country every politician has 3 offshore accounts, every lawmaker has close ties with the mob, with press, etc. you don't know how deep the rabbit hole goes.

dont get too upset about people disagreeing with you here, they are delusional and their delusion is cemented with their life savings. Nothing can change their minds except losing it all. Then it was all clear from the beginning.

The banks obviously prefer a currency they can issue arbitrarily and is trackable, so do the governments.

In my opinion, borrowing is only responsible when it is used to fund an activity that is expected to generate an economic return that is greater than the interest rate.

For example, borrowing at 5% to build a factory that is expected to generate a return of 10%.

Borrowing at 5% to give away free food, clothing, shelter, education, medical expenses, etc is not responsible because these things do not generate an economic return. The money will need to be repaid either through higher taxes or printing money.

I agree since there's nothing to do against a tyrannical or corrupt politicians which uses taxpayer money to bribe itself into power there's a dire need in a decentralized currency. What you say falls under the bribe rubric.