Is this the biggest pump n dump scam in crypto?
Billionaire Ripple founder
the entire crypto market is a pump and dump completely unconnected to reality of any kind so enjoy it while you can before it goes back to its one use case which is a black market store of value and exchange
Just another day in cryptoland.
Couldn’t have said it better myself
>Cripple cucks will defend this
Damn that hurt man
>muh idiots getting scammed with shitcoins
lol what a soyboy
that's less % of what satoshi owns of bitcoin's supply
-satoshi is anonymous
-satoshi could be a group of people
-satoshi could be the NSA
-satoshi's key could have been stolen by someone who only cares about money
Chris Larsen is the co-founder & executive chairman of Ripple. He has a stake in Ripple. Dumping would be against his interest, and people would know.
-Ripple consistently handles 1,500 transactions per second, 24x7.
-Payment channels can process 10s of 1000s of transactions per second.
-A standard transaction costs just 0.00001 XRP.
-The cost is not paid to any party: it's irrevocably destroyed.
-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.
-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!!
-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
-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%
-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).
You know Crypto has gone to the plebs when /pol/ starts unironically weighing in on it.
Disgusting R9K refugee fuck-ups and racist losers have no place on /biz
FUck off nigger reddit queer faggot cunt
how salty you have to be to make that shitty comic lmao
lol get fucked cripples
this is why I don't buy coins where the devs hold more than 5%
Everything you just said is incorrect
>Nvidia CEO Says Cryptocurrency Is 'Not Going to Go Away'
>Testimony on “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange
Commission and the U.S. Commodity Futures Trading Commission”
>Samsung Begins Manufacturing ASIC Chips for Mining
Actually running the wallet rn. Not liking it so far. Block chain is too large already and it's eating up a lot of cpu. I wouldn't use it for regular transactions.
>10s of reputable public & private entities around the world are currently running validators (e.g., Microsoft, MIT, CGI, WorldLink, Bahnhof
Get the fuck out.
better than Bitcoin
-One company has more than 50% of the hashpower (Bitmain)
-One oppressive country has more than 50% of hashpower (China)
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents (Bitmain)
-One company can rollback the chain and bankrupt the entire ecosystem (Bitmain)
-10s of validators run by reputable non-related public and private entities in different countries (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-double spending not possible (the chain can't be rolled back)
-Consesus requires a supermajority of 80%
-Anyone can run a validator and use his own list of validators
pic related is the owner of bitcoin.org and bitcointalk.org
> once again men prove to be the dominant sex
> criticize them
A story as old as time itself.
>old leftist cat lady repeats the same mantra she read in Huffpost
How mediocre these people are
And that's how we all know you are a plebbitor
Better than Bitcoin isn't a good benchmark these days.
Not salty at all.
You can make profit off crypto and still understand it's a giant pump and dump scam.
shhh, crypto is just for the blackmarket goy, give up your shitcoins, now!
DAS A SCAM