Gendarme wrote:With $50 your best bet is an ICO. I myself invested $100 into Krios which seems like a great project.
How is it new? Reading about this I'm getting some real dotcom flashbacks lol. Just do something that's already been done but add tokens/crypto to it and you will automatically get a ton of investors. So many of these startups are exactly that.
Actually iirc amazon was part of the big dotcom crash. After that they just continued and they are that huge company that they are right now. So if this is really like the dotcom crash, then some bitcoin currencies might prevail in the end.
Dont ridicule me for being totally out of the loop with any terminology. I'm just trying to suggest maybe the best bitcoin thing (better now, you fucking nazi) will pull an amazon.
Gendarme wrote:With $50 your best bet is an ICO. I myself invested $100 into Krios which seems like a great project.
How is it new? Reading about this I'm getting some real dotcom flashbacks lol. Just do something that's already been done but add tokens/crypto to it and you will automatically get a ton of investors. So many of these startups are exactly that.
Actually iirc amazon was part of the big dotcom crash. After that they just continued and they are that huge company that they are right now. So if this is really like the dotcom crash, then some bitcoin currencies might prevail in the end.
I'm aware. My money is on Ripple (literally) because it has an actual use case and targets a massive market. Proof of concept is already there.
omg. this is crashing hard. Remember that dutch guy who sold his house for BTC and is now living in a trailer. He was a father of 2 as well. I considered getting in with a grant I had received from the government mistakenly and which I now have to pay back, glad I didnt use it for investing in BTC. omg.
Gendarme wrote:With $50 your best bet is an ICO. I myself invested $100 into Krios which seems like a great project.
How is it new? Reading about this I'm getting some real dotcom flashbacks lol. Just do something that's already been done but add tokens/crypto to it and you will automatically get a ton of investors. So many of these startups are exactly that.
Actually iirc amazon was part of the big dotcom crash. After that they just continued and they are that huge company that they are right now. So if this is really like the dotcom crash, then some bitcoin currencies might prevail in the end.
I'm aware. My money is on Ripple (literally) because it has an actual use case and targets a massive market. Proof of concept is already there.
Lul, XRP is a shit coin. You realize that all of the banks using "Ripple" technology is not the same as using the token? SO many misinformed people on this website.
Gendarme wrote:With $50 your best bet is an ICO. I myself invested $100 into Krios which seems like a great project.
How is it new? Reading about this I'm getting some real dotcom flashbacks lol. Just do something that's already been done but add tokens/crypto to it and you will automatically get a ton of investors. So many of these startups are exactly that.
Actually iirc amazon was part of the big dotcom crash. After that they just continued and they are that huge company that they are right now. So if this is really like the dotcom crash, then some bitcoin currencies might prevail in the end.
I'm aware. My money is on Ripple (literally) because it has an actual use case and targets a massive market. Proof of concept is already there.
Lul, XRP is a shit coin. You realize that all of the banks using "Ripple" technology is not the same as using the token? SO many misinformed people on this website.
Indeed there are. And by informing yourself you can make that one less
Imagine if I receive a million dollar payment from a bank in Thailand. And then I want to wire that million dollars over a conventional, US domestic payment system. What does my bank do with the Thai bankās token?
Banks tokens can be used for payment and netting. But they canāt be used to settle without millions of dollars being invested with no way to make revenue from that investment. We can be pretty sure banks arenāt going to do this because they havenāt done it. You donāt need a blockchain or Ripple to have a private token.
So why might XRP be the universal settlement asset, or at least capture a significant amount of that market?
Well, first, why a settlement asset at all? Because it concentrates liquidity. This is why many international payments today go through US dollars. If youāre going from Singapore dollars to Thai Bhat, thereās usually not enough direct liquidity, so you go through an intermediary.
And, second, why a digital asset rather than using dollars? Because digital assets are universal. Anyone, anywhere can hold XRP, Bitcoin, or Ethereum, and itās the exact same asset everyone else is holding. They can transfer them anywhere in the world in a short period of time. They donāt require a counterparty to hold them. And they canāt be debased by any one government.
So, lastly, why XRP? Again, several reasons. XRP has a decent amount of liquidity already, beaten only by two or three others. It provides full confirmation much faster than any other major asset. It supports much higher transaction rates than any other such asset. It has features such as on-ledger escrow, payment channels, key rotation, and managed multisign that optimize it for this exact use case.
But most importantly, it has Ripple, the company. Ripple holds more than 60 billion XRP. So Ripple can justify spending millions of dollars incentivizing institutions and traders to make the pools of liquidity needed. Ripple is also committed to continuing to innovate and deliver to keep XRP positioned specifically for this use case. Nobody is doing that for any other asset.
You sound like someone who bought BTC at $17k and then panic sold it yesterday at $10k. But I'll play along. Why is XRP a shit "coin"? Did you read the quote I posted earlier? Did you even do any research on it at all? Or are you just repeating FUD you picked up at whatever echo chamber you reside in? Of course, nothing is certain. It's still a risky investment. But it's obvious that XRP, in a sea of coins and tokens with questionable use cases, stands out.