BC CRYPTO
Saved by @Mollyycolllinss

1/22 Why XRP will beat Bitcoin.

(Video version @ https://t.co/VIHEoHLYpN)

A thread. ๐Ÿ‘‡

 2/22 Despite last night's major Bitcoin correction, it still sits at $33k, well above the last bull run's all time high. With XRP currently at $0.28, it may seem rather ridiculous to think XRP will ever become #1.
3/22 However, it's important to compare Bitcoin and XRP not in terms of price, but market cap. That's because there are 100 billion XRP (and will never be more) and 19 million circulating Bitcoin (21 million max). So comparing the price of individual tokens doesn't work.
4/22 XRP's market cap is $12.6 billion. Bitcoin's is $623 (roughly 50x more, 55x if you factor in the 2 million Bitcoin not yet mined). That's a huge lead, but not as big as the 119,000x lead if you compare token price!
5/22 Bitcoin's primary advantage is its early adoption. It caught on earlier and became the front runner of crypto. Don't underestimate the power of being first. It gives a massive advantage. But it doesn't GUARANTEE being the winner long-term.
6/22 The world is full of examples of market leaders that lost their lead because they failed to innovate and lost ground to better tech. Kodak, Motorola, IBM, Atari, Yahoo. All of them were #1 at one point and seemed unbeatable..until somebody beat them. https://t.co/dVUr149H3i
7/22 Bitcoin has a huge lead in the race, yes, but its basic design has a number of flaws. We can't fault Bitcoin's creator for these flaws. As a developer I know that sometimes software has to be out in production before you realize that your design has real issues.
8/22 CTO of Ripple David Schwartz, the XRP boss-man himself, points out that Bitcoin is slow, expensive and lacks important security features that XRP has. Bitcoin also relies on miners who want high fees while users want low fees, a problematic conflict. https://t.co/SJgotgNRG7
9/22 Then there's the massive power requirements of mining Bitcoin. And because Bitcoin's Proof of Work is based on miner competition, those requirements will only grow as players jump in to compete for the rewards from Bitcion's rising price. This is unsustainable.
10/22 Proof of Work is designed to solve the double-spend problem. It DOES solve the problem, but it does so very inefficiently. Horse/buggy innovation solved the transportation problem, but when cars/trucks came along and fixed inherent flaws, horse/buggy disappeared.
11/22 For an innovation to beat the market leader, it has to be a lot better. Jeff Booth, an accomplished tech entrepreneur and Bitcoiner, states in his book "The Price of Tomorrow", that new tech needs to be at least 10x better than current tech to beat it (MySpace/Facebook).
12/22 Of course, Mr. Booth also states that Bitcoin is 10x better than fiat money, and he's correct. Because Bitcoin IS so much better than fiat money, it's no surprise it's done so well. But is there anything that's 10x better than Bitcoin? Yes, XRP. Here's why:
13/22 When Bitcoin isn't in a raging bull run, its average transaction time is about 10 minutes. It's much slower when lots of transactions are happening. XRP transactions take 3-4 seconds, in or out of a bull market. At bare minimum XRP is 150x faster than Bitcoin.
14/22 On a normal day, Bitcoin's average transaction fee is around $0.50. Right now it's much higher (my last Bitcoin transfer cost $4). XRP's transaction fee is currently at $0.0000028. At bare minimum XRP is 178,571x cheaper than Bitcoin.
15/22 Even if XRP's price reached $100/token, its transfer fee would still only be 1 tenth of 1 penny ($0.001), 500x cheaper than Bitcoin on a normal day (~4,000x cheaper right now).
16/22 In terms of security, Bitcoin's design makes it susceptible to a 51% attack. Whoever owns 51% of the hash power can successfully attack it, though researchers at Cornell Tech believe it could be done with only 21% (BDOS attack). https://t.co/ZnX89WBh7p
17/22 XRP uses Consensus Protocol, not POW. The value of the token itself has no impact on the security of the network, and 80% of all validators would have to be compromised in order for a successful attack to take place. I'd call that a 10x improvement. https://t.co/toBLtVz4Te
18/22 What about market potential? Bitcoin is referred to as Gold 2.0. Gold's market cap is about $10 trillion. Bitcoin is too slow and inefficient to work for payments, so store of value is its best bet.
19/22 XRP is efficient/cheap/secure, and is built to be a bridge currency. That means potential for markets like cross-border payments ($6+ trillion/day), ForeEx ($6.6 trillion/day), DeFi (???), CBDCs, stablecoins, etc. Bitcoin cannot handle any of those. https://t.co/WBHCTrwD4Q
20/22 So XRP's market is potentially hundreds of trillions of dollars. Of course that will take time and is not certain, but XRP *is capable* of handling it. Bitcoin isn't, so its market potential tops out with its store of value potential. Another 10x in favor of XRP.
21/22 The path ahead is promising, but uncertain. XRP needs regulatory clarity. I believe it will get that clarity, and when it does a huge world of applications opens up for Ripple, the largest company in the XRP space and a leader in crypto innovation. https://t.co/5QfB26fOwi
22/22 SUMMARY: Bitcoin is the current crypto leader, but leaders fail when 10x better tech comes along (Kodak, Motorola, IBM, Atari, Yahoo). XRP 10x's Bitcoin in speed, cost, security and market potential, and is therefore poised to soar beyond our wildest dreams, so HODL on!
More XRP explainer threads in plain-language. https://t.co/4DikZmD84I
๐Ÿ‘€โ˜๏ธ๐Ÿ™ @xrp_mami @RuleXRP @MackAttackXRP @CryptoBull2020 @Kevin_Cage_ @XRP_OWL_ @XRPNews_ @2020Xrp @RoseXRP @CredibleCrypto @XRPcryptowolf @BankXRP @XRPNurse @DualityXrp @MoonLamboio @WorkingMoneyCH @BakkupBradley @sentosumosaba @Santiag78758327 @jungleincxrp

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I am going to be using #bitcoin & borrowing from myself to buy my first rental property.

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At the beginning of 2020 I set a goal for myself to accumulate as much #bitcoin as possible.

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Share it with a friend who needs it!

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Simple and effective way 2 make Money


Idea 1:- Use pivot level like 14800 in case of nifty and sell 14800straddle monthly expiry (365+335) exit if nifty closes on daily basis below S1 or above R1

After closing below S1 if it closes above S1 next day or any day enter the same position again vice versa for R1

Idea2:- Use R1 and S1 corresponding strikes multiple
Incase of R1 15337 take 15300ce
N in case of S1 14221 use 14200pe
Sell both and hold till expiry or exit if nifty closes below S1 or above R1 around closing
If the same bounces above S1 and falls below R1 re-enfer same strikes

Use same criteria for nifty, usdinr and banknifty

(This is must)Use this margin rule for 1lot banknifty pair keep 4Lax margin
For nifty one lot keep 3Lax
For usdinr 100lots keep 4Lax

I bet you if you do this on consistent basis your ROI will be more than 70% on yearly basis.

Couldn't explain easier than this

Criticisms are most welcomed.
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Anu Satheesh \U0001f1ee\U0001f1f3
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Mangottu Bhagavathi Temple
#Palakkad #Kerala
#keralatemples ๐Ÿšฉ

Mangottu Bhagavathi Temple is situated in Athipotta near Alathur of palakkad district. Devi is kshipraprasadi here and grants relief to those who worship with full faith.
Mookken Chathen, situated on the Northern ๐Ÿ‘‡


side of the temple, is guarding Devi here.
Story says that, once there lived a weaver named Kuttan who was a Devi Bhaktan. During one festival time Kuttan was so pleased by the Devi Vigraham that he requested her to come along with him. At that time wind blew heavily and Cloths


in Vigraham flew. Kuttan immediately decorated Devi with his cloth which stuck to Vigraham and returned to his village and with his Umbrella. Devi came with him in that Umbrella and stayed in his place. This place is Mangottu Bhagavathi temple now.

Amme Narayana
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