MoneyGram vs. Ria: Who has cheaper, faster transfers

[GUIDE] INTRO TO REPLICA WATCHES

So you’ve found your way to reptime. Congrats! It’s a great place to hopefully help you find what you’re looking for. There’s a lot of information and it all depends on how far down the rabbit hole you wanna go, but you can get anything from the crappy DHGate/AliExpress $30 fakes, all the way to a top tier replica for $300-500. You can even go further than how it came to you from China by “frankening” the piece – adding genuine and other modded components to help the watch achieve a look ‘even closer to gen’.
There are a few terms to understand in order to begin here. I don’t endorse them, sometimes I use them, but they are used frequently:
- Rep: Replica
- Gen: Genuine (referring to a genuine watch)
- QC: quality check – in reference to photos of watches
- W2C/WTC: Where to cop… aka where did you get that? Or Link?
- TD: Trusted Dealer (I’ll get more into that later)
- ZF, Noob, V6F, BP, MK, ARF, JF, etc: some of the top factories (I’ll also get more into that later)
- 2xAR xtal: a sapphire crystal coated with 2 layers of anti-reflective coating
- GL and RL - Green and Red light, referring to QC pictures being OK to accept or not.
Now for the ‘tiers’ of reps:
Bottom Tier
If you want cheap stuff, no or bad QC, but want to pay $150 or less, go to
DHGate
AliExpress
Taobao
I won’t tell you what to search or how to find it there. I don’t use it, the watches there barely resemble the watches they are trying to represent. It’s just not worth it unless you want to try it on a shoestring budget.
Top TieTrusted Dealer
Trusted dealers have earned their way to that status – trusted – because they have a large customer base and are willing to go through investigations through the forums that have a tough and active moderation team (RWI, RWG, etc) if a sale goes awry. I recommend if you are going to utilize a trusted dealer (which is the ONLY way as far as I’m concerned), make sure you have an active account on the forums and post there so that the moderation team can back your order. If you aren’t on the forum, and your order goes bad, no one is obligated to help you. Trusted dealers get not a ton of dough from your sale, but they almost all offer a customs guarantee - you will receive a replacement watch for free if customs seizes it. Be nice and remember that they are doing work for you and should be compensated for that time. The trusted dealer experience works differently for each one, but for the most part, the flow is as follows:
  1. Order (either through their website or through email). They are busy. Keep your emails short and to the point.
  2. Payment – some accept credit cards*, others primarily do Bitcoin, Western Union and Moneygram. Some accept some of the more convenient services like paypal, but you typically have to be an upstanding member of the community for over a year.
  3. Wait for QC. This can take 2-7 days depending on availability. Typical turnaround time is 2-3 days.
  4. Once QC is received, these are pictures of the actual watch you will get in the mail. Make sure you check it for major defects. Don’t get too picky, remember that these are $3-400 replicas of $2k-60k watches, made by people who probably make a bit more than minimum wage in some cases. If a TD rejects a watch too many times, the factory or dealer they buy from will begin to refuse sending new watches and just offer a refund. I won’t get into how to approve QC, because you should be doing research on the model you want and what you want to look out for.
  5. Once you approve QC, it will take 1-2 days for the TD to send it off to their courier. You can also ship via triangle shipping, which is a higher price, but recommended for European countries.
  6. While in transit, the package has to make it through customs in China and customs in your country of origin. If it gets seized in your country, you will get a letter. Don’t respond to the letter ever, just send that to your TD and they will order a new one for you as part of the guarantee. If it doesn’t get seized, it typically takes 5-7 days from TD to your front door
  7. Enjoy the watch. Get a $20 watch service kit from Amazon or whatever and resize the bracelet.
  8. DON’T TAKE IT TO A JEWELER AND PRETEND IT’S THE REAL THING. They will lie to your face and make you think they think it's real because its good customer service to make people feel good about themselves. They are trained to do that. Just some practical advice - take it or leave it - don't tell your friends and loved ones that these are the real thing. It's better to be honest. If you want to know the full reason, PM me, I'm happy to share why honesty is important.
  9. What if your watch is broken upon arrival? You MUST make a log in on the forums where the dealer is a trusted dealer, and post enough there in order to log a ticket to file a dispute. They will not help you if you create an account after your issue arises with a TD. It is their rules.
* Some have reported credit card numbers being stolen after using at TD websites. While the TDs are trusted, sometimes the agencies/companies they use to process credit card transactions aren’t trusted. They try their hardest, but there have been slip ups in the past. I’ve used my CC a couple times and haven’t had fraud.

Trusted dealer websites
These change frequently due to the companies wanting them taken down for understandable reasons. The websites are usually down for a night then back on a different domain the next day – they change probably 2-3 times per year. If you want an updated list (in case these domains get seized and I haven’t updated the post), go to the forums and see if they put a new one up. There are more than these TDs on the forums, too, this is not an exhaustive list. Also please note, reptime has no official Trusted Dealers, this is just a list I made to help others know some of the major ones out there that are vetted by the bigger forums.
UPDATED March 9, 2020
https://puretimewatch.io/ one of the top in the business
http://www.trustytime.shop has videos of nearly every watch
https://chazingtime05.co/
https://www.intime05.co/
https://fatpanda.slickpic.com/gallery email to order, top notch QC
https://www.jtimestore.net/ TD with excellent service
https://www.pf-868.com/ Has vids for almost every watch too.
http://www.hontwatch.ru/
http://www.trb88.club/
https://kuvarsit07.com/ Active here on Reddit
https://www.ts-stations.cn/ no longer a trusted dealer on RWI, but has a great site layout
Wholesaler dealers (no customs guarantee, but a bit cheaper)
http://thewatchoutlet.io/ part of puretime

Full list here (must be a member to see)
RWI: https://forum.replica-watch.info/forum/trusted-rep-dealers
RWG: https://www.rwg.bz/board/index.php?/topic/60-rwgs-trusted-dealers/
RepGeek: https://www.repgeek.com/trusted-watch-dealers/

Forums
https://www.replica-watch.info/ (the most popular)
http://www.rwg.bz/board/
http://www.repgeek.com/index.php
Please go to these and get a log in and check out the topics. They are insightful, and incredibly informative. There’s even a member sales section there too if you have enough posts.

Factories
There are certain popular factories to choose from and not all ‘good’ factories are the popular ones. Some of the smaller factories specialize in one or two watches but they are GOOD. The factories in total release probably 2-10 new models every week (granted lots are shitty). The way factories work, from what I’ve read, is that someone who wants to make a watch will order dials from a dial plant, cases from a manufacturer who specializes in case making, etc, and then receive ‘proofs’. Once they approve of the proofs, they will then order batches of 100-500 and manually assemble the pieces (dial, case, hands, date disc, movements, straps, buckles, etc). This is not easy stuff and usually they know what they are doing. When a watch is out of stock, it can be out of stock forever.
Major Factories (detail received from many postings around the internet, sometimes shamelessly copy/pasted):
Who makes the best Rolex sub? My opinion only, there are many different opinions out there. As of March 9, 2020.
  1. ZZF v2 3135
  2. Noob v10
  3. ARF v3 3135

Posting QC Photos

QC pics are the photos (and sometimes video) you get from your Trusted Dealer for the specific watch that you've ordered and will be shipped to you. While it is reasonable to ask for a new watch if there are significant defects in craftsmanship, there are also other reasons NOT to ask for a new watch that are a bit too 'picky' (i.e. microsopic misalignment of certain details that are OK in gen even). Something important to understand in this type of black market product with not a lot of QC oversight is that you cannot be too picky, and it can be tough for TDs to exchange products, meaning the loss is on their end if you do too many exchanges - just not a good experience for both the dealer and the customer.

  1. Post all albums provided by TD up front
  2. Write the following:
    1. Dealer name - Puretime, Jtime, Mirotime, etc
    2. Factory name - BP Factory, J Factory, ZZF, ZF, etc
    3. Model name - Submariner 116610LN v2
  3. Include the following as part of your evaluation prior to posting (if, for instance your watch does not have a bezel, put N/A):
    1. Index alignment - are the hour markers aligned? Call out specific ones if they bother you - like '6 o clock looks crooked'. This also includes logo alignment as well
    2. Date Wheel alignment - do the dates sit to one side or the other? Perfectly centered? Tip: some dates sit perfectly, and some don't on the same date disc sometimes.
    3. Bezel - is the pip centered? Any of the engravings look improperly filled?
    4. Solid End Links (SEL) - is there a gap between the bracelet's first link and the case lugs? How big is the gap?
    5. Hand alignment - do the hands look reasonably aligned? Chrono hands point to 12?
    6. Dial Printing - any defects? Crooked?
    7. Timegrapher numbers - Acceptable Rate: +/- 1 – 20 s/d; Acceptable Amplitude: 250 - 310; Acceptable Beat Error: 0.0 ms – 1.0 ms
    8. Anything else you see - big scratches on the case, movement jewels missing, etc.
Here is a copy/paste format that will need to be used from here on out:

  1. Dealer name:
  2. Factory name:
  3. Model name (& version number):
  4. Album Links:
  5. Index alignment:
  6. Dial Printing:
  7. Date Wheel alignment/printing:
  8. Hand Alignment:
  9. Bezel:
  10. Solid End Links (SELs):
  11. Timegrapher numbers:
  12. Anything else you notice:
Again, this will be REQUIRED for all QC posts, and will be removed if they don't follow the guidelines.

Gold plating, wrap, and diamonds
Gold plating is getting better, but it seems to be a mixture of copper and some other materials that give the finish and coloring of gold. There is a tiny bit of gold in there though. If you get a scratch, don’t buff it out, just live with it. A scuff will show the stainless steel behind it if you get a significant enough ding. However, I’ve owned 4-5 rose gold plated watches and haven’t had issues with a single one and I don’t treat my watches too nicely.
Gold wrapping is more expensive but also much more thick. It will take a serious ding and still show gold. It has more gold % in it. You can buff it lightly with no issue.
Diamonds in a haute horology piece is typically done with a fine gemstone and perfectly placed using a gemsetting technique that isn’t done in the same manner as a replica would be done. If you need or want the look, then do it. Just know the stones are probably CZ, and will fall out easily, and will be inconsistently placed – which gives a poor brilliance when looking at it.
Movements: u/eposseeker wrote a great summary of the different types of movements out there (non-comprehensive): https://www.reddit.com/RepTime/comments/c889yu/movements_found_in_replica_watches/

BRAND GUIDES:

A fantastic guide on the Audemars Piguet Royal Oak replicas by u/N0tail_: https://www.reddit.com/RepTime/comments/esp4e1/ap_royal_oak_buying_guide/
Rolex Submariner guides:
  1. https://forum.replica-watch.info/forum/rolex-tudor-replicas/7807136-review-of-zzf-new-sub-116610-ln-and-comparison-vs-gen-arf-noob-and-nail-part-i
  2. https://forum.replica-watch.info/forum/rolex-tudor-replicas/8462580-zzf-submariner-v2-ln-vs-gen-pictorial-review
That about does it. Give an upvote, or don’t. If you think I should add a section, let me know.
submitted by MajorWilliams to RepTime [link] [comments]

/u/cointastical on What apps or sites to use to able to withdraw btc immediately?

If you are looking to Buy bitcoin with fiat money, then the methods available will differ based on a few factors:
You indicate that you wish to have access to the coins you purchase promptly.
First time buyers may like the convenience of an online store that sells bitcoin and accepts debit and/or credit card. (e.g., CEX.io, Coinify, CoinCorner, Jubiter, Bittylicious, BitIreleand, Kuna.io Money, LiteBit.eu, GetSatsoshi.org (), Cash App and CoinMama). You can buy BTC on Cash App without ID but you won't be able to withdraw them until you are KYC verified. For paying with a non-reloadable, prepaid GIFT card (VISA/Mastercard/AMEX/Discover) there is CardCoins.
You can purchase online using a No-KYC online store, paying by depositing cash in a bank account or through Moneygram/Western Union:
There are also physical locations where there are Bitcoin ATMs and other vending/voucher methods. For example, in the U.S. there is:
Otherwise, an in-person cash trade or an online trade using a P2P trading exchange are probably your next best options:
P2P Trading exchanges
Here's a useful comparison of exchanges in which you can filter on payment method:
There's always the friends and family methods. Someone you know probably holds bitcoin and would be willing to help you out by selling to you.
cointastical
submitted by highhighhopes101 to TalkativePeople [link] [comments]

/u/cointastical on Best wallet for fist time user that only needs to use bitcoin once.

If you are looking to Buy bitcoin with fiat money, then the methods available will differ based on a few factors:
If you are looking to have access to the coins you purchased without much delay, your options are limited on this, your first purchase with many exchanges. Some methods provide this though.
You can purchase online using a No-KYC online store, paying by depositing cash in a bank account or through Moneygram/Western Union:
There are also physical locations where there are Bitcoin ATMs and other vending/voucher methods. For example, in the U.S. there is:
Otherwise, an in-person cash trade or an online trade using a P2P trading exchange are probably your next best options:
P2P Trading exchanges
First time buyers may like the convenience of an online store that sells bitcoin and accepts debit and/or credit card. I do not know which ones require ID verification/KYC. (e.g., CEX.io, Coinify, CoinCorner, Jubiter, Bittylicious, BitIreleand, Kuna.io Money, LiteBit.eu, GetSatsoshi.org (), Cash App and CoinMama). You can buy BTC on Cash App without ID but you won't be able to withdraw them until you are KYC verified. For paying with a non-reloadable, prepaid GIFT card (VISA/Mastercard/AMEX/Discover) there is CardCoins.
Here's a useful comparison of exchanges in which you can filter on payment method:
There's always the friends and family methods. Someone you know probably holds bitcoin and would be willing to help you out by selling to you.
cointastical
submitted by highhighhopes101 to TalkativePeople [link] [comments]

/u/cointastical on Cash App shut my account down

If you are looking to Buy bitcoin with fiat money, then the methods available will differ based on a few factors:
You can purchase online using a No-KYC online store, paying by depositing cash in a bank account or through Moneygram/Western Union:
There are also physical locations where there are Bitcoin ATMs and other vending/voucher methods. For example, in the U.S. there is:
First time buyers may like the convenience of an online store that sells bitcoin and accepts debit and/or credit card. You will find fees higher than Cash App though many do let you have access to your coins promplty. e.g., CEX.io, Coinify, CoinCorner, Jubiter, Bittylicious, BitIreleand, Kuna.io Money, LiteBit.eu, GetSatsoshi.org (), Cash App and CoinMama). You can buy BTC on Cash App without ID but you won't be able to withdraw them until you are KYC verified. For paying with a non-reloadable, prepaid GIFT card (VISA/Mastercard/AMEX/Discover) there is CardCoins.
Otherwise, an in-person cash trade or an online trade using a P2P trading exchange are probably your next best options:
P2P Trading exchanges
There's always the friends and family methods. Someone you know probably holds bitcoin and would be willing to help you out by selling to you.
Here's a useful comparison of exchanges in which you can filter on payment method:
submitted by highhighhopes101 to TalkativePeople [link] [comments]

Gold is not Silver, Bitcoin is not Litecoin and Babb is definitely not Ripple. The case Against $1 BABB

Hi All, newbie here, I sneak peek here once in a while and now I created this account to chime in. First of all, let me preface this by saying I know I will get a lot of hate for this, please do NOT read it if you can’t handle facts. I welcome an intellectual debate however.
In the Crypto world there are 2 types of people – there are the End of the world type ie “Bubble talk”, or “Bitcoin is Tulip”, a “Fudder” or that everything in Crypto is a “scam”
Then there are those who see with Rose colored glasses, those with endless “Moon” and “Lambo” and FOMO talk.
I like to stay in the middle ground, this is where we will explore, and why BABBs in my opinion can never be at $1
There have been a few post with price prediction of BABB recently and many of which repeatedly make the same mistake – that is thinking BABB can go to $1 because Ripple "did it" or that it went as high as $4. I don’t know whether those who think like this knows what Ripple even is and what its trying to accomplish. Such comparison is as absurd as comparing Gold to Silver or Litecoin to Bitcoin.
Firstly, there are estimates that the Cryptocurrencies market cap can go as high as $40 Trillion:
https://www.ccn.com/40-trillion-cryptocurrency-market-cap-definitely-possible-pantera-capital-ceo/
but lets get real and stick with $6 Trillion a much more conservative estimate. There are roughly 1600 cryptocurrencies thus far. Lets assume there are 30 new ICO’s per month, which gives us 400 new coins per year roughly. Hence:
2000 Cryptocurrencies / 1Trillion = Avg 500 Million Market cap per coin by end of 2018, 2400 Cryptocurrencies / 3 Trillion = Avg 1.25 Billion Market cap per coin by end of 2019, 2800 Cryptocurrencies /5 Trillion = Avg 1.78 Billion Market cap per coin by end of 2020, 3200 Cryptocurrencies /6 Trillion = Avg 1.87 Billion Market cap per coin by end of 2021,
Meaning, at a $6 Trillion market cap, IF BABBS does better or equal to average, it will have a 1.87 billion market cap or be at roughly 10 cents at most.
Secondly, the list below are the market caps of the biggest banks in Europe. $1 BABB would mean a $20 Billion market cap, do you honestly think a Blockchain Bank with maybe 20 staff max and no revenue, No positive cash flow and only a banking license as an asset (assuming they get it) is worth close to what Standard Chartered bank is worth? Its pretty absurd to say the least!
• HSBC Holdings — UK — $126 billion. • Lloyds Banking Group — UK — $60 billion. • Banco Santander — Spain — $58 billion. • UBS Group — Switzerland — $57 billion. • BNP Paribas — France — $56 billion. • Intesa Sanpaolo — Italy — $46 billion. • ING Group — Netherlands — $43 billion. • Standard Chartered PLC — UK — $27 billion.
Thirdly, now I can already hear the chorus of “Oh but Ripple is worth more than $30 Billion” etc etc, yeah but you know WHY it worth that much? Ripple is literally taking traditional banking head on, it intends to replace SWIFT all together, the global payment system, and their own blockchain technology is already in place and been tested by multiple banks. Ripple is at this price because every partnership it garners is like a turbo boost for its price, it gets bumped up higher, up until now there are at least 150 PARTNERSHIPS with banks worldwide, some of these are:
https://steemit.com/ripple/@inferisgripple-partnerships-spread-this-sheet
Moreover, it even has partnerships with Western Union, Unipay and Moneygram. It's literally taking the world by storm, it’s a revolution. The Ripple Blockchain is scalable and is faster than even Visa:
https://globalcoinreport.com/how-ripple-xrp-outdid-the-transaction-speed-of-visa/
So, lets now look at what BABB has got shall we? Most of whats in the whitepaper and Roadmap is vague and sorely lacking in details. There isn’t much to cover so it’ll be quick:
As I said, Ripple is at the price it is at because each and every partnership and good news announcement is like a turbo boost tossing it higher. All BABB has going for it is a banking license, and then the price will likely fizzle out.
Another Big mistake BABB is making is that it has solely branded itself as a Bank to service the Microeconomy, sound like a good idea? Not really, why? Because you are targeting all these poor countries where people can’t get bank accounts! Why would you box yourself into targeting customers with little to no money??? You need to service BOTH the macro and micro economy! It should be branded as a Bank Account for the New Economy so that ALL could and would participate and exclude nobody!
The biggest elephant in the room is ASIA, you are missing Asia in your partnerships and clients. Bahrain, Middle East or the UK is nothing compared to the Asian Economy. We all know Koreans and the Chinese add a huge contribution to the Crypto market cap, by excluding the Asian market, you will not succeed, period. By comparison, look at Ripple and how many Japanese and Korean banks partners it has under its belt!
Lastly but definitely not least. BABB has an incompetent CEO. Look at Brad Garlinghouse of Ripple and how often he does his own marketing and shilling on Bloomberg versus Rushd. Hell Rushd doesn’t even want to appear in his own BABB videos, which is a disgrace.
And THAT is why BABB will never reach $1, at least not without major team restructuring. An Angel investor or Buyout would be ideal after obtaining the banking license.
submitted by Realist_Crypto to getBABB [link] [comments]

Article for local paper, some feedback would be helpful

The Importance of Bitcoin: The purpose of this article is to inform you on the arguments made for bitcoin and how those arguments relate to growth of bitcoin since it’s inception.
To set the premise I like the comparison of Bitcoin to the English language. It is spoken globally, and is useful in communication. It can be translated to other languages, or currencies. The English language like Bitcoin also has no central authority. No President or CEO of the English Language, it is a good we can use or not use as we please. The value of the English language comes from many speakers of the language, similar to adoption and bitcoin value.
Becoming a reality in late 2008, bitcoin was born. Bitcoin is network of computers that agree on a public ledger. Within this network is contained a currency recorded in the ledger. New bitcoin is created by way of computers competing to solve the balance changes and maintaining security of the ledger. This network of computers is the first to complete instantaneous, trust-less and basically free transfers of money globally, 24/7, and without anyone’s permission. This is the brief.
Money itself has no value. We attribute value to it based on the goods and services we can receive for it. Money must have certain characteristics in order to be a good form of money. These are things we all inherently understand but rarely are concerned with improving on.
Durability: Money shouldn’t break down. Uniformity: Does one shell = one shell? Divisibility: Half a chicken doesn’t work, see durability. Limited Supply: If it isn’t scarce it doesn’t have value. Portable: Cards are easier than gold coins. Store of Value: Saving shouldn’t mean a loss of value Acceptability: Do you take bitcoin? No, why would I?
Currently, people rely on governments to control and create their currency. This has worked well and under this system we have achieved some long-sustained growth. With flaws though, the average fiat currency lifespan is about 22 years. Evidenced in recent memory by hyperinflation in Venezuela and Zimbabwe or Greece’s debt crisis or in 2016 when India deemed all 500 and 1,000 Rupees notes not viable as currency. Fiat currencies are also often inflationary, equating to, loss of purchasing power over time. (USD June 2018 Inflation Rate 2.87%) For example, $100 in 2000 equals $146 now. Discouraging for savers who see less than 2% return on their money in the bank. Furthermore, being run centralized means they are susceptible to human error or abuse. Another obviously is the geographic constraints of a government currency.
So how does Bitcoin play into the currency sphere. Currency is market of competition. People choose the currency that best suits their needs. Now, every currency in the world has to compete with Bitcoin. These are the characteristics that Bitcoin has that give it a competitive advantage.
First, Bitcoin exists. It cannot be stopped, short of shutting down the internet worldwide. This is due to its decentralized nature, there is no central authority and has value as long as there are two participants who prefer it to other competitors. Anyone with an internet connection and the most basic phone can participate. Trust-less: For the first-time wealth can transferred great distance without a third party. Western Union and MoneyGram are not needed. This has the added benefit of reducing the frictional cost of sending money by eliminating middle-men. Even payment processors can cost business’s 1-2% of their revenue when you use credit or debit cards.
Uncensored: Bitcoin is decentralized, this means it exists without a gatekeeper or central authority. You do not have to ask permission to use your money. Instead, you are your own bank. Much like cash doesn’t require permission to be spent, neither does bitcoin. This makes it useful for illicit activity but in general means freedom for your money. In 2010, the US government pressured Visa and Mastercard to stop American citizens from supporting Wikileaks, asymmetric political censorship. Furthermore, your account cannot be frozen or funds stolen from you. Valuable to anyone living under an oppressive regime. To be put simply, a refugee could carry his life savings in his head.
Accountability: Next, we must remember this is a public ledger. This means we can eliminate fraud and abuse of all types. Recently, the public ledger was used as evidence against 12 Russians involved in our elections. So, while it provides the freedom of money that criminals like, it also leaves behind a trail for investigators to follow. The applications of financial transparency are easy recognizable, political campaigns, government spending and perfect accounting for any business.
Decentralization of money creation: Anyone can become a miner or buy mining contracts to be involved in the creation of new bitcoin. Creation of new bitcoin is the mechanism that incentives the integrity of the ledger. The supply of bitcoin is mathematically metered such that by roughly 2140 there will be no more bitcoin created. Roughly 21 million in total.
Perfect Scarcity: The crux of the bitcoin argument is that for the first time we can achieve perfect and verifiable scarcity and have every property that makes money, good money. Supply and demand governs the price of goods, and money is the only good that buys all goods and services. Demand for money is ever persistent and growing. Supply of bitcoin is limited. The US dollar has decreasingly bought less bitcoin over time and bitcoin has bought increasingly more US dollars over time. The difference is the global citizenry beginning to agreeing that savers should be rewarded instead of punished. A deflationary currency. The vast majority of people do not receive income raises that out-compete the cost of inflation. Saving wealth used to be a viable and risk-free option for the poor to achieve financial prosperity.
Bitcoin’s growth comes from people using it for any of the above reasons. Remember Bitcoin is only 10 years old. As people use it for whatever they wish it starts to retain wealth. As it retains wealth, it becomes a viable store of value like gold, these factors all work in tandem to grow bitcoin over time. Add in some irrational exuberance and we hit 20k. Two key takeaways are, bitcoin will continue to exist for the short-medium term and as long as it provides an alternative for someone it will hold value.
submitted by jhurtford to Bitcoin [link] [comments]

xRapid To Launch Next Month, XRP Soars

xRapid To Launch Next Month, XRP Soars

https://preview.redd.it/kkt333m04to11.png?width=1200&format=png&auto=webp&s=ca0529ea59c492fe9100bafb2631b5bcf913ecfe
Those familiar with the cryptocurrency landscape know that Ripple has come under a lot of scrutiny over the last two years for its lack of decentralization, a compromise it made in an attempt to enable faster and more efficient processing times for currencies. For this reason, the majority of the crypto community tends to believe it shouldn’t name itself a cryptocurrency, considering its business model is entirely pre-mined and is much more centralized than other ‘true’ cryptocurrencies. For years, however, Ripple has had its main product ‘xRapid’ in development, which promises to bridge the gap between currency conversion with a gateway for the two currencies in conversion. Talks of xRapid have been underway for many years now, but on September 17, Sagar Sarbhai, Head of Regulatory Relations for Ripple, appeared on CNBC to announce that the live application should be releasing within a month. The XRP price subsequently jumped over 25% in less than 24 hours.
Ripple has claimed that it is currently working with over 150 banks in attempts to integrate its product xCurrent for easier bulk cross-border payments. If successful, banks could then bring the product to a commercial level, opening it up to a variety of different customers. Although the debate of centralization remains prevalent when speaking of XRP, its speed capabilities are bragworthy. XRP can be sent, received, and confirmed in an average of 3 seconds, with costs at current rates of less than 1/10 of a penny to accommodate transaction fees. By comparison, the Bitcoin core network can process an average of 6 transactions per second, while XRP processes 50,000 transactions per second.
xRapid would aim to solve both institutional and retail consumer and payment woes such as cross-border transaction fees and long confirmation times via XRP. Ripple has previously stated it has formed partnerships with Western Union and Moneygram regarding their use of xRapid for in-house testing.
“The debate amongst developers and blockchain enthusiasts seems to be whether XRP’s fast transaction speeds can make up for the fact that it gives up true decentralization. Cryptocurrencies traditionally must choose one over the other, either speed or governance. Transaction speed can be escalated at the cost of decentralization, and decentralization can be improved at the cost of transaction speed and, in many cases, usability,” says Dima Zaitsev, International PR Lead and Chief of Business Analytics at ICOBox. “xRapid is exciting because it will show cryptocurrency to both retail consumers and institutions. It will give more people the power of digital assets, something that is essential for the overall development of cryptocurrency.”
XRP jumped over 25% within hours of the CNBC announcement, and has continued the uptrend since, increasing by a slightly more than 32% since the CNBC broadcast. Ripple plans to launch xRapid in October 2018.
submitted by icobox_io to ICOBox [link] [comments]

Gold is not Silver, Bitcoin is not Litecoin and Babb is definitely not Ripple. The case against $1 BABB

First of all, let me preface this by saying I know I will get a lot of hate for this, please do NOT read it if you can’t handle facts. I welcome an intellectual debate however.
In the Crypto world there are 2 types of people – there are the End of the world type ie “Bubble talk”, or “Bitcoin is Tulip”, a “Fudder” or that everything in Crypto is a “scam”
Then there are those who see with Rose colored glasses, those with endless “Moon” and “Lambo” and FOMO talk.
I like to stay in the middle ground, this is where we will explore, and why BABBs in my opinion can never be at $1
There have been a few post with price prediction of BABB recently and many of which repeatedly make the same mistake – that is thinking BABB can go to $1 because Ripple “did it or that it went as high as $4. I don’t know whether who think like this know what Ripple is and what it does. Such comparison is as absurd as comparing Gold to Silver or Litecoin to Bitcoin.
Firstly, there are estimates that the Cryptocurrencies market cap can go as high as $40 Trillion:
https://www.ccn.com/40-trillion-cryptocurrency-market-cap-definitely-possible-pantera-capital-ceo/
but lets get real and stick with $6 Trillion a much more conservative estimate. There are roughly 1600 cryptocurrencies thus far. Lets assume there are 30 new ICO’s per month, which gives us 400 new coins per year. Hence:
2000 Cryptocurrencies / 1Trillion = Avg 500 Million Market cap per coin by end of 2018 2400 Cryptocurrencies / 3 Trillion = Avg 1.25 Billion Market cap per coin by end of2019 2800 Cryptocurrencies /5 Trillion = Avg 1.78 Billion Market cap per coin by end of 2020 3200 Cryptocurrencies /6 Trillion = Avg 1.87 Billion Market cap per coin by end of 2021
Meaning, at a $6 Trillion market cap, IF BABBS does better or equal to average, it will have a 1.87 billion market cap or be at roughly 10 cents at most.
Secondly, the list below are the market caps of the biggest banks in Europe. $1 BABB would mean a $20 Billion market cap, do you honestly think a Blockchain Bank with maybe 20 staff max and no revenue, No positive cash flow and only a banking license as an asset (assuming they get it) is worth close to what Standard Chartered bank is worth? Its pretty absurd to say the least!
• HSBC Holdings — UK — $126 billion. • Lloyds Banking Group — UK — $60 billion. • Banco Santander — Spain — $58 billion. • UBS Group — Switzerland — $57 billion. • BNP Paribas — France — $56 billion. • Intesa Sanpaolo — Italy — $46 billion. • ING Group — Netherlands — $43 billion. • Standard Chartered PLC — UK — $27 billion.
Thirdly, now I can already hear the chorus of “Oh but Ripple is worth more than $30 Billion” etc etc, yeah but you know WHY it worth that much? Ripple is literally taking traditional banking head on, it intends to replace SWIFT all together, the global payment system, and their own blockchain technology is already in place and been tested by multiple banks. Ripple is at this price because every partnership it garners is like a turbo boost for its price, it gets bumped up higher, up until now there are at least 150 PARTNERSHIPS with banks worldwide: https://steemit.com/ripple/@inferisgripple-partnerships-spread-this-sheet
https://globalcoinreport.com/how-ripple-xrp-outdid-the-transaction-speed-of-visa/ So, lets now look at what BABB has got shall we? Most of whats it the whitepaper and Roadmap us vague and saidly lacking details. There isn’t much to cover so it’ll be quick:
As I said, Ripple is at the price it is at because each and every partnership and good news announcement is like a turbo boost tossing it higher. All BABB has going for it is a banking license, and then the price will likely fizzle out.
Another Big mistake BABB is making is that it has solely branded itself as a Bank to service the Microeconomy, sound like a good idea? Not really, why? Because you are targeting all these poor countries where people can’t get bank accounts! Why would you box yourself into targeting customers with no money??? You need to service BOTH the macro and micro economy! The biggest elephant in the room is ASIA, you are missing Asia in your partnerships and clients. Bahrain, Middle East or the UK is nothing compared to the Asian Economy. We all know Koreans and the Chinese add a huge contribution to the Crypto market cap, by excluding the Asian market, you will not succeed, period. By comparison, look at Ripple and how many Japanese and Korean banks partners it has under its belt!
Lastly but definitely not least. BABB has an incompetent CEO. Look at Brad Garlinghouse of Ripple and how often he does his own marketing and shilling on Bloomberg versus Rushd. Hell Rushd doesn’t even want to appear in his own BABB videos, which is a disgrace.
And THAT is why BABB will never reach $1, at least not without major team restructuring. An Angel investor or Buyout would be ideal after obtaining the banking license.
submitted by Realist_Crypto to u/Realist_Crypto [link] [comments]

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A Brief History of Money: From Barter to Bitcoin

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