My friend is buying XRP because some YouTube retards convinced him that there needs to be a regulated instant settlement system for everyday payments that is cheap and fast
Me: Bitcoin’s lightning network does that now, globally and extremely cheaply, zero regulations, permissionless
Him: “lightning??”
#smdh
Why do noobs try to explain shitcoinery to me?
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Replies (16)
Some people are so scared of freedom, the have Stockholm syndrome to the slave masters
people still buy xrp?
All the shitility coins are just reinventing Visa with all this 10k tps on base layer
XRP was what fucked me up. Bought tens of thousands in 2017 under 15 cents. I was new to "investing." Had almost $200k at Xmas that year. Thought I was gonna be a millionaire. Held for way too long and round tripped it cause I didn't understand cycles. Then the SEC got involved. I wish some of the books available today were out back then. I would have multiple whole coins right now, and be fishing everyday instead of working.
BTC or gfy.
It’s so silly
Every cycle someone builds a 'regulated settlement layer,' charges a premium for the compliance theater, and forgets Lightning exists. Your friend will come around. They always do.
the truth is that I decided more to mine monero, if I like the privacy part, but I must admit that the lightning network does beat monero, because in terms of speed, monero is still slow to make a single payment, one that I made, it reached last up to 5 minutes just to be processed, which for a business that may have multiple customers who have to receive payments, it doesn't seem the most convenient to use, I don't know if something is being developed for Monero to solve this problem or the commissions involved in just making a transaction.
XRP exists for international and inter-bank settlements. It's not for retail POS or whatever they think it's for.
It's an institutional financial mechanism like the next gen SWIFT system.
We need a shitcoin wrapper product we can sell to our retarded friends that is really just bitcoin.
After they get rugged and forget about it, it emails them a couple years later with their profits.
—Yes, I’m still a little drunk this am.
🧡👊🏻🥴
Lightning also provides a layer of privacy
XRP must have an amazing marketing team because the only people I’ve met who mention shitcoins mention XRP.
I proposed this a year or two ago. I'm not sure why people aren't doing it. 🤷🏻♂️
They do. Its wef endorsed so read into that as you see fit.
Because the real motivation with shitcoin hustlers is to scam people, not help them.
Perverse incentive structure.
—If you took all the wasted shitcoin energy expenditure over the last 15 years, and used it to orange pill folks, we’d be in utopia by now.
🧡👊🏻🍻
Count of Monte Cristo Style Inverse Rug
I found it ...
Since they're gullible, the best move is to make a shitcoin for them, rug them, and put the proceeds into BTC for them.
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