XRP Citadel 5/17/2020

>Is one of the handful of projects in crypto with an actual product and customers a meme
I don't know, what do you think?

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probably. but people don't understand we are going to be hit with deflation before inflation and if trump says he got a plan for the debt im willing to bet $400 bucks on 2k xrp. i also got 2k xlm.

still less than a percent of my crypto portfolio.

btc 96%

eth 1%
xmr 1%

>utility coins 2%
bat
xrp
xlm
ltc
link (lol)

and a fat bag of nerva

I am not trying to shitpost, but can you please explain why you have faith in BTC? It's very slow and all its hash power is owned by countries like China/North Korea. I just don't see how it has a future, even if it was the first big cryptocurrency. It's akin to Pets.com for me.

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Based and rippled

>XRP ATH: 20K sats

sure.

it doesn't really matter who owns the hash power as long as it isn't controlled by 51% and even then m8 the math on doing a 51% attack isn't sound. the game theory of BTC is goddamn brilliant. and frankly I think if this experiment works the rest of the world will start pumping out hash with renewable energy run off. it is already starting to happen in america. i think we just hit 60 straight days of renewables out-performing coal in the US energy grid.

money is a social agreement. bitcoin simply has the longest chain and the most secure system of trust ever before seen in a money system on earth. sure, maybe LN doesn't quite get us to whizzing coffee prices around (I think it will though mate, just not for a while) but, un-ironically, zoom out. this is a new system of financial exchange. scale is irrelevant compared to the benefits btc supplies. that said, by all means buy the utility coins too but btc is the soundest form of value exchange we have ever had. hard stop.

there will be utility coins that are centralized as fuck and are actually used for day to day processing. china is already doing this. US is not far behind. (imo usps will become the new banking system for FEDCoin, maybe ripple hence the suicide bag.) but btc is king.

you think JK Rowling woud ever tweet about getting XMR explained to her? think Trump would tweet about BAT?

the public has a change to actually grasp bitcoin. that combined with its deflationary, capped token economics with the ability to scale interplanetary makes bitcoin the most valuable asset of all time.

but then again lol i dont know im just a fucking bot

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I literally don't know anything about XRP because I dismissed it as a meme. Shall I get 20 just in case it goes to a $1000? But why would it go so high in the first place?

>XRP @ 1000$
Probably never going to happen. But it's definitely going to reach a new ATH. As for why the price would rise, it needs to for XRP to achieve its goals. If Ripple wants to capture a 1 trillion dollar derivative market, XRP is going to need to have a higher marketcap to handle that volume. The 1 trillion remittance market is expected to grow to 10 trillion in the next decade or so. And that's just the tip of the iceberg, XRP's real usecase is to become the standard for the exchange of CBDCs.

>it doesn't really matter who owns the hash power as long as it isn't controlled by 51%
I guess the network needs to evolve more, but I just can't see TPTB risking the world's financial system on something that could theoretically be taken over in an instant.

it doesnt matter who created bitcoin.

it doesnt matter who mines bitcoin.

it doesnt matter who owns bitcoin.

infinite universe, finite asset.

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Just had to look up what CBDCs are, but why would banks use a coin that is already out there if they could start their own blockchain or use one of the dollar stablecoins? Also why would banks pick XRP if everything works fine as is for them right now?

What do you see XRP going to in the next bullrun?

I guess we will see what happens, I'm just personally skeptical. Smart on you to diversify though. Once I have my 50-100k stack of XRP, I'd like to branch out into ETH/BTC and maybe a bit of LINK.

>Also why would banks pick XRP if everything works fine as is for them right now?
But everything doesn't work fine for them right now. Cross border transactions made by both retail investors, and banks, take days to weeks to process in the current system. XRP on the other hand? XRP takes 4 seconds, with less fees. If you want to do some more research, look up Nostro/Vostro accounts and how much money banks have to basically park in these accounts (which means it can't be used elsewhere to actually make returns) to facilitate the current global financial system. Big banks have every reason to consider XRP, because as we speak, they are losing business to smaller financial firms, which have been more quick to adopt Ripple. I can't remember the exact name, but there's an Australian remittance company that's become one of the biggest providers of cross-border transactions in the country, because it adopted XRP. The founder recently did an interview saying how XRP was saving him money and making people more inclined to use his company instead of bigger firms.

As for why banks would use XRP for CBDC transactions, it's because XRP has existing infrastructure and its decentralized. Pic very related, from this years World Economic Forum.

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No country will want to hold some other country's CBDC. Trust is fading away. Now with the debasing of everything, no sane person, let alone government, should be holding fiat.

I love me some of those Ripples

Alright, I understand that countries would like to use a currency that does not belong to another country. But isn't it true that XRP is a centralized currency or is this just FUD?

Also would the use of Chainlink not make XRP not needed anymore? (I'm a linkie)

What does one mean by centralized in this instance? Token ownership? If so, yes, Ripple owns 50%+ of the existing tokens between high rank personnel and a 5 year rotating escrow.
On validation of transactions though, last number I've came across was Ripple owning

xrp ruined my life

Xrp army coming through with the bump

chainlink is oracles, its a totally different animal

also the federal reserve gave positive comment to xrp yesterday in a report

it will be used, i dont think 1000 will happen or 598 but 100 bucks....yeah i can see that within the realm of possibility in the near term(few years)

t. holding link and xrp because im not a die hard "muh crypto team" faggot on par with sports fans

derivatives have also been launched with xrp

coindesk.com/bitmex-to-launch-xrp-swaps-delist-2-other-derivatives

this is why its been going down further, when the run kicks in it will likely 5x last ath