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  2. We need to up our game everyone! A petition asking Congress to get involved in a ruling dispute at a high school football game has over 5 times the signatures as the Token Taxonomy Act petition. You can change this by going to: http://chng.it/Hk7SLLSSZk and 1) Signing the petition 2) Using the handy buttons to share on Facebook, email your friends, and tweet to your Twitter followers 3) Copy/paste this message to your favorite crypto forums Don't let crypto get beaten by a bunch of high school kids!
  3. @Julian_Williams, That Blockchain Business Value Forecast document sure looks interesting. I googled it and found it costs $1,299.00 Thats some pricey knowledge you’ve acquired; good on ya! Seeing Gartner’s forecast I realized that my thought of how I perceived XRP would rise in value matches what they forecast for the business value. It’s only these last few days since seeing your post that I’ve realized that XRP’s value could be a bit of a roller coaster ride following Gartner’s cyclical growth trajectory. Makes sense as I’ve already been on one part of the roller coaster ride. This flat part of the track is a bit boring. Been good for packing the bags a little better. You and @JannaOneTrick have been putting out some great education lately. My perspective on the possible future has been getting brighter.
  4. Yesterday
  5. Why not provide the IMF with a free integration package?
  6. Yeah. Easier for me to buy a loaf of bread now for $1 or pay $10 for the same loaf 10 years from now.. But then when people realize that with XRP there is no constant de-valuation and I can buy the same loaf of bread for 2 xrp today or 0.02 xrp 10 years from now.. I might think twice and go through the effort of registering on a Crypto exchange and keeping an XRP wallet ...which by the way is not that onerous.. in fact I can do all that from the comfort of my home..just upload my KYC info and at most 1 day later, I'm done.
  7. i just downloaded the app, but do not have tip bot set up yet. I’m going to set that up tonight, and I will gladly accept payment via xrp at my business. (however, personally, at this point in time, I would never pay anyone else via xrp, I’d rather hold on to my personal stash, but if someone wants to give up theirs, I’ll accept it for sure!) I use QuickBooks for merchant services right now, It’d be nice if there was a plug in to accept crypto from there! When I email invoices, I can only accept cc or bank transfer online right now.
  8. Some very good points here about market cap, which really are logical when you think about it. What is also very interesting is the argument works both up and down, and goes to explaining Dec 2017. Firstly, if the price went to $5 in the next minute, not everybody can cash out at $5 per Zerp. The market suddenly gets flooded with sell orders, which needs an equal amount of willing buyers to sustain the price. The price is $5, but I don't want to wait around in the queue for my buyer, so I sell at $4.99. You don't fancy waiting either, and undercut me at $4.98... and down we go. Where it get very interesting, and where Dec 2017 give us clues, is the way up. The days where the price went crazy was because loads of people were trying to buy, almost willing to pay any price and the supply was tiny. The exchanges were closed to new business, and who wants to sell theirs in an rising market.. so the want to be buyers were left squabbling around trying to outbid each other for the ones available for purchase. Imagine if you will a scenario where big banks hold stacks we can't even imagine. They are not selling, as they use it in their ecosystems (ie, R3 Corda). Ripple still have locked in Escrow billions, so new bank has to tempt the retail buyers to sell their zerps in order to do their business. BOA etc would not be able to liquidate their stacks without huge slippage, but us retail customers with tiny (by comparison) stacks could find they could almost name their own price.
  9. I agree, but crypto will perhaps behave differently from traditional stocks. The size of the stock market, inflows and outflows, are pretty constant because the people investing are a very well defined class that know their buying limitations. Crypto does not just get funds from the stock markets, funds also arrive from a global market of every person that owns a mobile with a wallet. As the price rises perhaps doubling every week, millions, perhaps billions of mobile phone users from countries as different as Kenya to Canada will learn of this bonanza from the media and join the crypto fever. In 2017 they were stopped from joining by the arcane methods of registering and buying on esoteric exchanges that did not have the resources to keep the bonfire blazing. So the flames were doused before all but a fraction of the potential buyer had entered the market. The next bull run will be higher and longer and involve perhaps 10 times more people, but perhaps the crash will be worse because more innocents will have been dragged into the market and over extended their savings accounts. I expect the crash will come back to a higher low and be stabilised by institutional money... and then a new cycle will begin. Utility will eventually stabilise the market. This is how the IMF think the market will behave
  10. What you are describing is accurate. What you are missing is that the same effect takes place many times over as the price ascends to those heights, and with each iteration it shakes out the bag holders and reduces the amount of asset that can be obtained by newcomers. Almost no one currently on this forum will be around if xrp ever gets to 200 (much less to 5000) because they all will have sold long ago. If xrp were to go to 5000 tomorrow then there is no way in hell it could hold that level as everyone would dump. If it were to get there gradually then it would be an altogether different predicament. BTC couldn't hold 20k level because it got there too quickly. The subsequent drop has shaken off some of the bag holders, with the new round of investors entering at 4k and getting much less bitcoin for their money. Next time BTC gets to 20k it will punch through because 1) big bag holders have already dumped, 2) new bag holders have much smaller bags, and 3) new bag holders need a much higher price to realize their desired profits. This is market cycle at work, and it applies to xrp as it does to btc.
  11. To be clear: nothing and nobody can stop you from doing it. But other servers will quickly start treating your validation public key as belonging to a Byzantine or malicious validator.
  12. For a business, physical cash is always the preferred way.
  13. $10,000/xrp? I dont understand why he is not buying all xrp in the market... There are some pretty big mouths out there. I'll sell him mine at $5/xrp, he will still 2000x the buy price.
  14. But not all people who bought at 30 cents will sell at $ 50. There are many that sold at $ 1 already and some will wait because they expect it to rise to $ 75 soon. What @automatic posted really holds, maybe read it again carefully. Marketcap is BS. It’s no indicator for possible or impossible price levels. The market cap myth has been debunked so many times on this forum that I think this myth has reached it’s maximum forum cap already.
  15. The point for me is that I'd rather have it out there and working/testing/improving than not have it out there. May not be the end all be all, but it shows progression on all fronts, not just in supply chain, forex, remittance, and banking. Those things we know about. One never knows what starts a viral fire/awareness anyway.
  16. You are forgetting the reality that people will want to cash out when if you to thousands of dollars. No one has that much money to absorb they sell order so the market equallibrium will never been that high in price. Remember, you can't buy XRP with XRP. You have to buy it with Bitcoin and ultimately Cash. Market cap does serve a function, whether people want to admit it or not here. You have to have a certain percentage of the available in cash or Bitcoin to absorb the sell orders in order to maintain that price. If you don't have that, the price will inevitably fall, just like when the last bubble burst. When you have a sudden rise in price, someone has to buy up the orders on the exchange. At some point, the buyers will run out of money. The supply of XRP is going to stay constant so people wanting to keep the price at $50 will have to absorb all the sell orders at $50, and they will have to buy the same amount that is being sold from people who bought XRP at 30 cents and are selling now, meaning they have to have almost 200 times the money that the originally buyers had to absorb the sell orders. If they don't have the money(which is almost a definite no), they the price can't go that high.
  17. This is going to be lengthy, but bear with me - I don't think that's an issue at all. The thing that people get stuck on is equating price or market capitalization with value, however no such line exists. A price at any given point is nothing more than a reflection of the market equilibrium point between circulating supply, volume, buyers and sellers. Our current price of around 32c simply means that given the current market conditions, volumes, short and long interest, all parameters are balanced at 32c. If someone wanted to exit the market (thereby extracting actual "value" from the asset), they would have to do so within the constraints of the current balance (current volumes, order book depth etc) in order to extract value equivalent to 32c per xrp. Deviating outside of that which is supported by the market at this point would disturb the balance and cause the price to re-equalize at some other level which in itself would be a reflection of such buying/selling impulse. Fundamental value, what Ripple may or may not be doing - or anything else for that matter - feeds into this equation, but IS NOT in itself the equation. The equation and the resulting balance are always caused by the exact same thing - price represents a market equilibrium of supply, volume, buyers and sellers: Good news on the Ripple front may peek buyer interest and tilt the balance. FUD and FOMO tilt the balance. Circulating supply tilts the balance. Volume and adoption will tilt the balance along with increasing value that can be extracted from the market without disturbing its balance. The price thus has very little to do with value. The price is always a product of pure market behavior at work, and in itself is representative of market equilibrium at that point in time. Since the price is produced solely by the market, there is no upper limit to how high the price can appreciate. This is the reason that BTC topped 20k in 2017, and this will be the reason that BTC tops 200k in the future. Does anyone really think that BTC is worth 200k? Now, does anyone really think that BTC is worth 5k? The real worth of BTC is exactly zero. You are buying nothing and getting nothing. Yet, BTC is trading at 5k at the moment, so clearly BTC is not worth zero; it is worth 5k. The reason that BTC is worth 5k is because the current price balance of market volume, supply, buyers and sellers all intersect at 5k. This intersection creates the price, and price drives the perception of value. This perception of value ("it's a bull run!" / "the price is tanking") then drives the market behavior, and the market then fuels itself. The key point here is this: price is the sole product of the market itself. If a price of some asset is x, that does not mean that the asset is worth x, but rather that the market operating against that asset is balanced at the level that supports the price of x. Using BTC example: if BTC ever cracks 200k, it will not be because BTC is actually worth 200k, but rather because the overall market conditions all find balance at the price which is 200k. 200k will thus be the measure of market efficiency (or the lack thereof) first and foremost, and not any type of reflection on BTC's intrinsic value. This exact behavior applies to all crypto assets, including xrp. Underlying asset sets the core parameters for the model, but it is the market itself that produces the price. Now, as to your specific example - If xrp is trading at 5k that means that the intersection of all buyers, sellers, circulating supply and trading volumes are all balanced at a level that supports price of 5k. If we are at 5k, then it is likely that all bagholders have long sold their stacks and there is noone left to tank the market. Let's suppose that is not the case, and someone finds a ledger under their couch with 10k xrp. They dump 10k onto the market, when the market can only support 1000 xrp at 5k level. This throws off the balance, which then reduces the perception of value, which then causes the price to pull back sharply to some lower level. Once price stabilizes (at whatever level that may be; 4k, 2k, 0.5k) the market will again be balanced with respect to circulation, volume, buyers and sellers, except that this time around there will exist one less dusty ledger with 10k xrp that can be dumped onto the market. Market will do what it does until eventually it can punch through the 10k barrier. This behavior is normal, and this is exactly what causes corrections and market cycles. Now, as to "But market cap! But Chris Larsen!" - This is all BS created by the false equivalency of price and value. Price is what market can support GIVEN CURRENT MARKET CONDITIONS. That all caps portion is what conveniently gets omitted from price quotes and market caps, leading people to believe that both are somehow absolute when in fact there is an entire dimension missing from the quote. At any given point in time, value that can be extracted will be dependent on market conditions as it is the market conditions that create the balance (aka the "price"). In other words, the current price of xrp is not "32c"; it is "32c only if xrp is bought or sold at some hourly volume lower than x". Any volume greater than that supporting the current balance will disrupt the balance, and the price will no longer be 32c. Market cap conveniently ignores the second part and assumes that the price is "32c for all!". It should be apparent by now that this is a complete fallacy as it assumes that the total value could be instantly extracted from the market without affecting its balance (price), when in reality the extractable value given any price is likely nothing more than a minuscule fraction of the total market cap. Chris Larsen was a multi-billionaire on paper during ATH, and he could have been a multi-billionaire in real life if the market could *just* sustain a balance of $3.4 and do so for the next five years with him dumping a small portion of his stash every day. Funny enough, that's not how it works. Tracking or comparing market cap would literally be equivalent to me creating a personal KPI called "Automatic capitalization" that tracks my current personal net worth if I would have bought Amazon stock at $7 (except that I didn't), and then use the resulting number to make arguments about how Amazon shares can never reach 10k because that would make me the richest person in the world. A number not rooted in reality cannot be used to make real arguments. "Market Cap" is not rooted in reality. The end.
  18. The app's not yet ready for prime time, but there's no reason to not be excited about it and the steady progress toward eventual, ubiquitous use of XRP.
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