Official BGOL Crypto Currency Thread ★★★★★

[cokely_muhammad]

keep hope alive my bredren. keep hope alive...

I have a dream to keep hope alive

The mantra of two known frauds One of em is thinking about how he can pacify black people into being weak along with screwing white devil women and the other one is high of that her-roin

 

[Confucius]

I have a dream to keep hope alive

The mantra of two known frauds One of em is thinking about how he can pacify black people into being weak along with screwing white devil women and the other one is high of that her-roin

wrong thread bro

 

[LSN]

XRP being $100 is going to seem like a bargain

 

[slickone]

Ripple Unveils Strategy to ‘Become More Decentralized than Bitcoin’
Samburaj Das on 11/05/2017

Prominent FinTech payments firm Ripple has announced a strategy that it believes will ultimately make its blockchain more decentralized than Bitcoin.

Ripple’s technology chief Stefan Thomas has revealed a three-point strategy toward making Ripple’s blockchain, the Ripple Consensus Ledger (RCL), more secure, efficient and decentralized than Bitcoin.

In a blog published today, Thomas stated:

A key benchmark that we aim to achieve is to become more decentralized than Bitcoin, which at the time of writing is 51% controlled by just five mining pools. This means the largest five pools working together could achieve a 51% attack and reverse transactions (double spend) at will. For Ethereum, this number is even lower: only three pools are needed for a takeover.

Created in 2012, the RCL was developed as an enterprise-ready public blockchain – in contrast to bitcoin – geared for banks and payment providers to process cross-border payments. The RCL also serves as the root ledger for XRP, Ripple’s native digital asset.

Ripple has fielded criticism from the crypto community since its release, with the most common accusation of being a centralized network.

For its part, the decentralization of the Ripple blockchain was a process that began ‘right at its inception’, according to Thomas. “We intentionally haven’t rushed the process and have been making continuous progress all along.”

The path toward decentralization is now a priority, as Ripple ropes in more customers in banks and payment providers around the world, underlining the need to diversify the validator nodes to form a more robust and resilient blockchain.

The strategy involves three fundamental steps.

First, is Ripple’s foray to diversify the validator nodes on the blockchain. “Today, RCL has 25 validator nodes running, but continuing to grow and diversify this list of recommended validator operators is a priority for us,” wrote Thomas. The ultimate aim is to further avoid the risk of a single point of failure, with diversification of nodes across several geographical locations and software platforms.

Secondly, Ripple will recruit attested validators to the network. It will monitor new validators joining the current set of 25 nodes, checking their performance on “consensus agreement rate, uptime, verification of identity and public attestation.”

Finally, Ripple will add attested validators to its Unique Node Lists (UNLs). A UNL is a list of transaction validator nodes that are seen as ‘trusted’ validating nodes operated by Ripple. The company’s plan is to phase out the nodes it controls, replacing them with attested third-party validators until no single operator controls a majority of trusted nodes on the blockchain.

“Over the course of the next 18 months, for every two attested third-party validating nodes that meet the objective criteria mentioned above, we will remove one validating node operated by Ripple, until no entity operates a majority of trusted nodes on the RCL,” Thomas revealed.

He further stated:

To match Bitcoin, RCL would need just 16 trusted validators. Add more, and the number of tolerable faults increases accordingly. In other words, RCL will not just meet, but exceed the decentralization level of other public blockchains.

The Ripple executive also contends that Ripple has the upper hand on Bitcoin due to the way the blockchains reach consensus. Thomas claimed that Ripple validators are less likely to be malicious or attacked successfully since they are chosen on ‘merit’. Unlike Bitcoin validators, chosen based on their proof-of-work (PoW) mining.

“Bitcoin chooses validators solely based on their mining power, which actually deincentivizes security,” Thomas wrote. “Security measures cost money, but don’t improve on the speed of mining.”

Earlier this year, Ripple laid claim to match the transaction output of Visa, the world’s largest payments network with 70k transactions at an average time of 3.7 seconds.

Featured image from Shutterstock.

Ladies and gentlemen if this plays out as planned along with the lock up we are going to be rich and I'm not talking about regular rich. I'm talking life changing Max NBA contract rich.

 

[LSN]

If Ripple is able to wipe out the SWIFT banking system I could see ripple end up higher then most expectations, However availability doesn't equal coin prices, So the fact that there is 37 billion coins doesnt really matter, It is the perceived value that drives the price. Take for instance this year bitcoin has went from 700-1800 more then doubling in price however the bitcoin supply has barely increased at all. The price has went up based on perceived value. With Ripple the major factors in pricing will be how much perceived value do the banks place on XRP when they start utilizing it. Alot of the banks that have signed on are only in the early phases of implementing the Ripple System and not actually using it. Once the banks start utilizing the Ripple Ledger and XRP the amount of XRP transacted will be 1000's of times more volume then all the Ripple trading combined today. The bank system is the behemoth that will determine Ripples price. What investors and speculators are doing today in regards to Ripples price rising should be considered a drop in the bucket compared to what a national bank or multiple big name banks will be able to achieve. I would think that the price will sharply rise somewhere between 10-30 dollars once banks begin transacting. Then we may level off. I would expect to see this within 18 months. Anything after that is too much in play.

here's something I want to ask...right now each transaction uses one ripple...if the price goes up...will transactions be able to work using a fraction of a ripple or will it still be one ripple?

 

[LSN]

Ladies and gentlemen if this plays out as planned along with the lock up we are going to be rich and I'm not talking about regular rich. I'm talking life changing Max NBA contract rich.

in the back of my mind I'm be low key mad I didn't hit 500k...a year from now I'm be in some mountaintop lodge looking like the set of a migos video w/ 3-4 big titty bitches in a jacuzzi cussing myself out and thinking I could had 10 bitches if I had purchased 500k XRP

 

[Moving Target]

Yeah but @ 37 billion how much could it really expand? You look at coinmarketcap.com and you'll see any coin over $1 doesn't have a circulation over 1 billion. Again this is new territory for me and I admit don't fully understand everything, but I know how to spot trends.
I was under the assumption the supplies being dumped were the ones in circulation, not out. If someone has clear insight to this, please school me. Thanks

during every transaction, a litle bit of xrp is destroyed...never to be recreated.....so over time.....xrp value goes up.

 

[cokely_muhammad]

Yo, if this is legit, XRP being $100 is going to seem like a bargain

Are you saying that the XRP will surpass One Hundred ($100.00) US Dollars?

What is your logical or even theoretical basis for this belief?

 

[cokely_muhammad]

in the back of my mind I'm be low key mad I didn't hit 500k...a year from now I'm be in some mountaintop lodge looking like the set of a migos video w/ 3-4 big titty bitches in a jacuzzi cussing myself out and thinking I could had 10 bitches if I had purchased 500k XRP

This is no time to think about how you will trick off your money. Get your mind in the game of acquiring more Stellar and Ripple. Not trickin off on dusty hoes.

 

[BlackArsenic]

during every transaction, a litle bit of xrp is destroyed...never to be recreated.....so over time.....xrp value goes up.

Lol what does that even mean? A little bit. Is it one or nah?

 

[BlackArsenic]

If Ripple is able to wipe out the SWIFT banking system I could see ripple end up higher then most expectations, However availability doesn't equal coin prices, So the fact that there is 37 billion coins doesnt really matter, It is the perceived value that drives the price. Take for instance this year bitcoin has went from 700-1800 more then doubling in price however the bitcoin supply has barely increased at all. The price has went up based on perceived value. With Ripple the major factors in pricing will be how much perceived value do the banks place on XRP when they start utilizing it. Alot of the banks that have signed on are only in the early phases of implementing the Ripple System and not actually using it. Once the banks start utilizing the Ripple Ledger and XRP the amount of XRP transacted will be 1000's of times more volume then all the Ripple trading combined today. The bank system is the behemoth that will determine Ripples price. What investors and speculators are doing today in regards to Ripples price rising should be considered a drop in the bucket compared to what a national bank or multiple big name banks will be able to achieve. I would think that the price will sharply rise somewhere between 10-30 dollars once banks begin transacting. Then we may level off. I would expect to see this within 18 months. Anything after that is too much in play.

Alright man, I'll take your word for it. Its just like I said, I look at Coinmarketcap.com and see those currencies with high prices don't have a high a supply. That's just my concern. However, if you're saying it don't matter, it don't matter.

 

[ugk]

in the back of my mind I'm be low key mad I didn't hit 500k...a year from now I'm be in some mountaintop lodge looking like the set of a migos video w/ 3-4 big titty bitches in a jacuzzi cussing myself out and thinking I could had 10 bitches if I had purchased 500k XRP

Are you in on the other coins?

 

[Mack1052]

in the back of my mind I'm be low key mad I didn't hit 500k...a year from now I'm be in some mountaintop lodge looking like the set of a migos video w/ 3-4 big titty bitches in a jacuzzi cussing myself out and thinking I could had 10 bitches if I had purchased 500k XRP

17 5 same color tshirt

 

[TheAlias]

lol im not lying,

I know it. Thanks again, man.

 

[GianoJuan]

in the back of my mind I'm be low key mad I didn't hit 500k...a year from now I'm be in some mountaintop lodge looking like the set of a migos video w/ 3-4 big titty bitches in a jacuzzi cussing myself out and thinking I could had 10 bitches if I had purchased 500k XRP

LSN is straight comedy man. He is the same brotha that called others out to grow some nuts when delving into this crypto shit early on. But he admitted he couldn't bring himself to risk anything he couldn't outright part with. He's a real dude though he will keep it real no matter what though. (no shade)

 

[LSN]

Are you in on the other coins?

nah just ripple...the only other coin I wish I had fucked w/ earlier on when it was under a penny is stellar lumens

 

[LSN]

He is the same brotha that called others out to grow some nuts when delving into this crypto shit early on. But he admitted he couldn't bring himself to risk anything he couldn't outright part with.

it was only one person I said that too...and for real $25 tho?!!

 

[GianoJuan]

it was only one person I said that too...and for real $25 tho?!!

you got a point there, touché

 

[Moving Target]

If Ripple is able to wipe out the SWIFT banking system I could see ripple end up higher then most expectations, However availability doesn't equal coin prices, So the fact that there is 37 billion coins doesnt really matter, It is the perceived value that drives the price. Take for instance this year bitcoin has went from 700-1800 more then doubling in price however the bitcoin supply has barely increased at all. The price has went up based on perceived value. With Ripple the major factors in pricing will be how much perceived value do the banks place on XRP when they start utilizing it. Alot of the banks that have signed on are only in the early phases of implementing the Ripple System and not actually using it. Once the banks start utilizing the Ripple Ledger and XRP the amount of XRP transacted will be 1000's of times more volume then all the Ripple trading combined today. The bank system is the behemoth that will determine Ripples price. What investors and speculators are doing today in regards to Ripples price rising should be considered a drop in the bucket compared to what a national bank or multiple big name banks will be able to achieve. I would think that the price will sharply rise somewhere between 10-30 dollars once banks begin transacting. Then we may level off. I would expect to see this within 18 months. Anything after that is too much in play.

wait...are you seriously saying that ripple could reach over 10 dollars within 18 months.......yeah man. i need to grind a little hard to get up to at least 500k.

 

[Confucius]

in the back of my mind I'm be low key mad I didn't hit 500k...a year from now I'm be in some mountaintop lodge looking like the set of a migos video w/ 3-4 big titty bitches in a jacuzzi cussing myself out and thinking I could had 10 bitches if I had purchased 500k XRP

Man you will still be better off than all of the cats that did not take heed and invest.
And you will prolly not have to work past age 50 if you do not want to.

 

[largebillsonlyplease]

I just come in and see what's up then end up buying a little bit more. Nothing crazy im not dropping stacks
but i do drop more and buy some more and if it hits these projections... shit

 

[Moving Target]

Man you will still be better off than all of the cats that did not take heed and invest.
And you will prolly not have to work past age 50 if you do not want to.

yeah man...thats the goal...real talk brothers on the board got me all inspired and motivated to think bigger and go for it. I got to drop off the board for a little bit starting the new gig...but the new gig will allow me to dump 10k in the game and see what it do. imma sit like a fat china man on that ripple with fingers crossed, in 18 months tell mofos how i really feel and bounce. really its more than i can risk...no doubt....but i have always told my young neighborhood knuckleheads that you can make money using your head and not selling drugs. my youngest cousin told me to prove it.

well, here goes.......

you miss 100% of the shots you never take!!!!

 

[cokely_muhammad]

yeah man...thats the goal...real talk brothers on the board got me all inspired and motivated to think bigger and go for it. I got to drop off the board for a little bit starting the new gig...but the new gig will allow me to dump 10k in the game and see what it do. imma sit like a fat china man on that ripple with fingers crossed, in 18 months tell mofos how i really feel and bounce. really its more than i can risk...no doubt....but i have always told my young neighborhood knuckleheads that you can make money using your head and not selling drugs. my youngest cousin told me to prove it.

well, here goes.......

you miss 100% of the shots you never take!!!!

The Honorable Elijah Muhammad said this back in 1945!

 

[ScottyPiffen745]

Man, I wanna put people on, but I can't explain how this shit works lol

I can't explain this stuff without sending them here.

People ain't gone roll with me if I just say:

"Just take your extra money, put it on here, you gotta give them all your government information, the same thing on this site, buy the shit on the first site, send it to the other site, trade it for this, and then put it on this device and chill on it for the next 2 years and you'll make a gang of money, trust me."

I will lose all my friends

 

[LSN]

Man, I wanna put people on, but I can't explain how this shit works lol

I can't explain this stuff without sending them here.

People ain't gone roll with me if I just say:

"Just take your extra money, put it on here, you gotta give them all your government information, the same thing on this site, buy the shit on the first site, send it to the other site, trade it for this, and then put it on this device and chill on it for the next 2 years and you'll make a gang of money, trust me."

ya I haven't even bothered

 

[Mixd]

here's something I want to ask...right now each transaction uses one ripple...if the price goes up...will transactions be able to work using a fraction of a ripple or will it still be one ripple?

I don't think it's "one" ripple. It all depends on the quantity being traded is to how much. Maybe on our level of what we are buying and selling is one or two, but major transfers globally with banks moving hundreds of thousands of dollars and millions daily, I can't quantify how many they will destroy each transaction. Who knows. Am sure they have it all figured out or will maybe at that time, trickle more into the market.
But still that's why the coins can be broken down to 0.00000001

 

[ceedizzle]

Not sure if this has come up in the past but Google is also an investor in Ripple.

https://www.gv.com/portfolio/

 

[LSN]

Not sure if this has come up in the past but Google is also an investor in Ripple.

https://www.gv.com/portfolio/

first post

 

[ceedizzle]

first post

Oh damn! lol I'll delete it now.

 

[LSN]

Oh damn! lol I'll delete it now.

na man it is a cool reminder...plus the site you posted is new...is that all the other shit google has their hands in?

 

[ceedizzle]

na man it was a cool reminder...plus the site you posted is new...is that all the other shit google has their hands in?

Yeah it's their venture capital arm

 

[Confucius]

Man, I wanna put people on, but I can't explain how this shit works lol

I can't explain this stuff without sending them here.

People ain't gone roll with me if I just say:

"Just take your extra money, put it on here, you gotta give them all your government information, the same thing on this site, buy the shit on the first site, send it to the other site, trade it for this, and then put it on this device and chill on it for the next 2 years and you'll make a gang of money, trust me."

I will lose all my friends

but then, you don't want to put them on to BGOL
i know the dilemma. I am going to have to eventually send my older bro here because he is killing me with questions

 

[Tha Great Muta]

first post

.

Title Thread

 

[ceedizzle]

Man, I wanna put people on, but I can't explain how this shit works lol

I can't explain this stuff without sending them here.

People ain't gone roll with me if I just say:

"Just take your extra money, put it on here, you gotta give them all your government information, the same thing on this site, buy the shit on the first site, send it to the other site, trade it for this, and then put it on this device and chill on it for the next 2 years and you'll make a gang of money, trust me."

I will lose all my friends

LMAO!!

Can't you just send them to the ripple site and some of the youtube videos? Don't forget to stress only put in what they can afford to loose. I put my lil cousins on by showing them my account, it spoke for itself. Now they wont leave me the hell alone. BGOL is harder to explain than Ripple! You know our motto "The first rule of BGOL is: You do not talk about BGOL. The second rule of BGOL is: You do not talk about BGOL"

 

[LSN]

.

Title Thread

forgot about that