The world is on the verge of a severe deflationary depression/economic collapse, all economic growth since the 2008 financial crisis has been due to central bank stimulus, in the year 2000 every $2 in debt spending created $1 in economic growth, after 2008 it took $5 in debt spending to create $1 in economic growth, and recently debt spending is proving fruitless in generating any economic growth at all. On top of this world demographics have plateaued which means the economy can only grow so much, the only regions still growing population wise are economically irrelevant shitholes unable to consume or produce large amounts of goods and services(Africa)
Once investors realize the hyper-ponzi is coming to an end and growth will stop they will come flooding into bitcoin in one final epic moonshot before cashing out, after that it's lights out.
Can confirm. my uncle worked for nintendo he says that Donald Trump is actually John Titor and plans to FOMO in all the BTC. Buy in now while it's low. This shit is going to the fifth moon of Pluto
Zachary Peterson
>they will come flooding into bitcoin in one final epic moonshot before cashing out
cashing out into what, exactly? if Bitcoin costs $3 million, then a loaf of bread is gonna cost $10k
Ryan Brooks
OP gets it, soon your coffee will cost 5 satoshi.
There's a simple concept that the public is about to wake up to: Currency MUST be deflationary to be sustainable. That means limited supply, so as more people aquire it, the value increases.
USD is inflationary, since the Fed prints endless amounts of it and debt spends like the fucking antichrist. When this party comes to an end, it'll be one hell of a a fucking rude awakening for the planet. Remember, the USD is used to trade EVERYTHING worldwide. just be glad that you're here right now, it means you have a chance to make it out.
Logan Hill
>Implying USD is a good benchmark.
It would make more sense to say something along the lines of “1 BTC will be enough to buy a top tier house in Sydney” for example.
Cameron Moore
That's the thing, it's all worthless in the end, you need to cash out while the financial system is still operating and buy guns, ammo, medicine, food, arable land, ect...
When will this all happen? Impossible to determine, Japan for example has been on life support for 25 years and life continues
Aaron Foster
This guy gets it.
Christopher Roberts
[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 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.
. [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 bunkrupt the whole ecosystem. -An attack could only stop new transactions temporarily. Participants would simply remove bad participants from their list
. [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%
. [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).
