Arabs getting JUST'd tday who bought Ripple on BitOasis

How about arabs in crypto in general? All you hear is about asians, indians, and the west/australia

[Performance]
-Ripple consistently handles 1,500 transactions per second, 24x7.
-Payment channels can process 10s of 1000s of transactions per second.

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[Cost]
-A standard transaction costs just 0.00001 XRP.
-The cost is not paid to any party: it's irrevocably destroyed.

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[Real-world use]
-5 institusions 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.

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[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!!

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[Security]
-Unlike Bitcoin, double-spending isn't possible. Bitmain (a Chinese company) can rollback Bitcoin's chain and bunkrupt the whole ecosystem.
-An attack could only stop new transactions temporarily. Participants would simply remove bad participants from their list

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[Decentralisation]
-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%

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[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 marketshare.
-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).

It will sound more natural if you write "dozens" instead of "10s"

Just a population issue. Too low of a population and too few who have the money to invest. Sure the younger members of the royal family are in it.

> population too low
> 400,000,000+ arabs

dumbest shit i read all day, and that means something

Too bad you can't refute it.

Fine let us use your number and say 400 million Arabs. In China at 1.3 billion the Chinese government has stated that only 300 million are economically viable. How many economically viable people are in that 400 million number? Using the Chinese numbers we get 92 million. Basically Canada. So the entire middle east has the crypto influence of Canada.

Even by your numbers that's still huge.

I messed up anyway. Canada has like 30 million population. Not sure wage differences. In any case they seem about Canada influence.

GDP of Canada: 1.53 Trillion USD
GDP of Arab League: 2.87 Trillion USD

They're like TWO Canadas, eh?

what do you mean by arabs? people who speak Arabic (the middle east)? or the ethnic arabs (gulf states)?

The gulf states are the only rich arab countries. They are into crypto but you don't hear about them because they are dumb as fuck and their English is terrible. They are good for crypto, they buy our bags.

>Too low of a population and too few who have the money to invest

the population of most gulf states are rich and they receive generous welfare from the government. Take Kuwait for example, government gives every citizen a house, pays them to get married, to have children, to go to college, ..etc and they erase the debt of the citizens every few years, and in some events they literally give citizens free money..

I really want a cookie now.

But wouldn't the Arab league wealth be more concentrate than Canada?

Yes cookies!

and forgot to add, they are gamblers and big spenders because they didn't earn their money. Gambling is not allowed in gulf states but crypto gives them the chance to gamble.

You can think of them as rich niggers.

Maybe, maybe not.
Either way, the wealth itself matters more than its concentration.