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  1. Thanks for the kind words and for the continued interest in all things XRP and Ripple. Comments and tough love are always welcome btw, as long as the comments are constructive and there is some actual love. I've been impressed with the generally positive and friendly demeanor of the conversations here and am looking forward to significantly participating as things progress. We're going to have much to discuss going forward. Tuesday is just the beginning. Hope everyone has a nice weekend.
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  2. Fukui Bank newly joined the consortium of SBI Ripple Asia. http://www.sbigroup.co.jp/news/pr/2016/1222_10518.html Fukui Bank is the biggest and an authorized financial institution of Fukui prefecture in Japan. Now, 43 Japanese Banks use Ripple Network for cross-border payments.
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  3. Hi folks. For those who don't know, I work on rippled. I've been heads down for a while. And you know, when you work at the company you get a different view of XRP and the markets. What I would like to ask everyone here, is what do you think the outside perception of XRP is? Who do you think is the target audience? What do you think is the future of XRP? What do you think of the current price/volume? What factors would affect its movement in either direction? I'm curious to hear people's opinions!
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  4. Hi Everyone Thought I'd weigh in on this. For starters I'm new to the whole crypto world compared to most of you and it is apparent by reading these forums a lot less knowledgeable than most of you veterans here but nonetheless maybe thoughts from a new investor will give you some sort of value for your conversation. As it starts I had very little guidance when it came to buying my first crypto. I had heard about it for a while but it was one conversation that took place I took a deeper look. Naturally I began with Bitcoin because it is the easiest and most clear route to gain access to anything else. At first I wasn't interested in anything else. I lucked out and bought bitcoin at a great time. Profits were seen soon afterwards and my passion for bitcoin grew more everyday as I became more involved with the community. Then along came Ethereum and all its glory. Ethereum was my path into the wicked world of alts. I bought some at the beginning of its mainstream hype and made very quick profit. I was very pleased to say the least. As my knowledge in crypto gained it just so happened that one day I stumbled across ripple. Someone in the trollbox was speaking highly of it and I decided to check it out. It was well over a year as an amateur crypto enthusiast before I ever heard of Ripple. Take that for what you will. After researching the topic myself for many hours I decided this idea was worth investing in. So here we are and its about a year later. Im still heavily invested in xrp. At this point xrp is where I hold the most value. Alot of people on here would probably view that as an unfortunate situation for me but Im completely fine with it because I believe in the technology and the target market which to my understanding is for large scale international settlements such as banks but perhaps and hopefully not limited too. I don't believe Ripple has their eggs in one basket and if the banking thing doesnt take off then their still will be many use cases, lots of which will increase the value xrp. Many of the complaints I see on this forum about the company I actually find to be positives. Yes I find it hard to watch as btc and alts make significant gains on nothing pure crap news, meanwhile Ripple very slowly depreciates in value or remains stable. In the end however it is in my opinion that is silly to think that BTC could ever compete against the banking system. Don't get me wrong there are uses for BTC but being as its history and how volatile it is I think it will be a long time before people can trust it and regular people just wont have a use for it. Here comes xrp a coin that doesn't try to compete with the big boys but tells them heres a way to improve your system by a significant amount. Huge interest is shown, millions of dollars being funded to xrp to continue to test and improve the system. How could you not think this is going somewhere. If I went into the bank and asked for millions of dollars for one of my many "great" ideas I would be laughed out of the bank. There is something to this. Not only that but an incredible development team leading things and making more moves than we could ever know without some sort of inside knowledge. Which is another point people like to harp on. Not enough noise coming from the ripple team. We the investors hear very little about the future plans of xrp which again I think is an intelligent move on Ripples part. They leave us in the dark because they dont need the hype they dont need the pump and dump mentality with this early market. If their short term plan was to make a quick buck you can bet they could have created a lot of noise and dumped billions more of zerps on us and been out by now. This just isnt the case and it seems to me that this is a calculated move on ripples part to prove to the big investors that this is a safe place to put thier money and with only 220 million market cap they will get first chance to invest deeply and keep control over the system. I guess my last point is, despite unpopular belief, I do not care how the value of my xrp stack up against btc right now. BTC is a monster right now and sure if i would have put everything Ive invested into crypto purely into BTC I would have wound up in a much more finacially friendly time in my life but if you want to live life that way than why didn't I invest everything into Potcoin when I first came to Poloniex. It happened to be the first alt on poloniex I bought after showing up with some ethereum for a test. I bought roughly near 100 sats and sold around 5000. Too bad it was only a 10$ test run but lets face it I would have to be crazy to invest the farm in such a coin. I certainly dont believe in it but i do believe in Ripple / xrp. I do think it has a future and a plan to take it there. Time will tell, my ripple is tucked away till then. If I lose it all then I took a chance and it didnt work out. The way I see it I have a lot to gain and a little to lose. Anyways just my two cents. Been great getting to know the other views in the community and I will continue to be a part of xrpchat even though its been a little depressing lately. Lets face it, you wouldnt be here if you didnt see a future in the company so keep your head up, its coming soon..... I hope.
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  5. Talking only about XRP and not even mentioning the other cool features on RCL: * XRP transaction settles on the ledger in a matter of seconds * The fees for sending XRP are incredibly low * There's no artificial limit on the "block size" * RCL doesn't waste energy on mining * XRP is not involved in shady dark web markets or criminal activity * Its in Ripple's best interest financially to be a wise steward of the crypto-currency This is an important point, because of the large XRP position held by the company. There's been a lot of speculation about motives but if you think about it logically, XRP is a valuable asset and it would be foolish to sell it recklessly while holding large quantities. Its in the company's best interests to act in a manner that is ethical and productive - harming the community of XRP holders is not a viable long term plan. * Although RCL is still moving towards decentralization, its in Ripple's best interests to operate validators ethically Its in Ripple's best interests to make sure that RCL operates ethically and fairly. Taking action that runs contrary to the spirit of a decentralized system is again not a viable long term plan. Look at Ethereum, they forked the network because they didn't like one of the contracts. And this, from a system which is supposed to enforce "code is law?" * A hand-picked all star development team with over two centuries of collective experience. * RCL is backed by a company that can afford to pay developer salaries This last one is huge. Right now Bitcoin is going through a governance crisis. You've got the Core team which has been co-opted by Blockstream, they are paid by Blockstream, there's a massive conflict of interest. They won't increase the block size, and instead they are peddling this massively overcomplicated Segwit, for what appears to be ulterior motives. The opposing consensus is that they are intentionally limiting the performance of the Bitcoin system to make their commercial alternative (Lightning network) more appealing. And then you have bad actors which own all the social media for Bitcoin. The bitcointalk forum, the bitcoin subreddit, the bitcoin website, and the official bitcoin GitHub repository. Censorship rules the day on these sites. * Anyone can develop software that runs on RCL There's plenty of documentation on the wiki, and RCL is open-access. Want a better wallet? You can write it. Shopping cart? Nothing is stopping anyone from building applications that work with XRP. They can build exchanges, e-commerce applications, the sky is the limit. Has been from day one. I think that if you compare XRP to BTC at this moment in time, in many ways it is superior. As a pure cryptocurrency XRP has many appealing features. All this and we have not even said a word about the non-XRP features. I have also not mentioned any of the company's publicly stated plans such as ILP or the MM program (and these plans are great). If you look at XRP all by itself just with what's already there, its a great cryptocurrency and competes quite favorably with the others. XRP can fill all the use-cases that Bitcoin can, and do a better job of it for the reasons stated above. If people are excited about Bitcoin they should also be excited about XRP.
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  6. Outside perception as illustrated through conversation Imagine explaining how to purchase XRP to a common person, even with some technical / crypto knowledge: First, you need to sign up with a few “gateways / exchanges,” providing personal information, including proof of location Connect a bank account / initiate a wire-transfer. After, yea it may take a few days for your money to get to the gateway / exchange Then you may have to exchange your money from $ -> bitcoin (or some other crypto) Then you have to send bitcoin / other crypto into RCL Then you can purchase XRP Congrats you have XRP! Next you need to search the XRP chat forum Then you need to have technical knowledge and hope you can correctly build a cold-storage wallet Ohh by the way there are fees at most, if not every step Also, by the way you need to be keeping track of exchange rates and positions for tax purposes Question: How has it performed? Well… The price has stayed in the same range .005-.006 for about 4 years. But it has crashed by over 25% multiple times in as little as a two-month span over that time-frame Are there any advantages to being an early adopter? Not really… Why do I need to create my own cold-storage wallet? Well… Most crypto-exchanges get hacked so there’s a high probability that Gatehub could be hacked if XRP appreciates. And if so, you lose everything (and it's your own fault) Does building a cold-wallet 100% insure safety? …it’s better than the alternative Does anyone use XRP? At the moment, it seems like it's only speculators… Do you get updates from Ripple about XRP, or anything happening inside of the company? They don't tell us much. There is little transparency, which leads to wild speculation among the 800 or so believers. And they are all but silent on the topic of XRP. But we do have their SEC filling, so there is that... https://www.sec.gov/Archives/edgar/data/1685012/000168501216000002/xslFormDX01/primary_doc.xml So let me get this straight… It takes several days and multiple-steps to get XRP The asset hasn’t appreciated in value over four years, but every time it goes up in value, it crashes, and is unable to hold its value If it does appreciate, there is a high probability that my account will get hacked and I will lose everything No one uses it And there are fees? You said this was supposed to make payments easier, more efficient, and faster, with less fees… right?! Hmmm…. Couldn’t I just burn my money and watch a movie or sports game to achieve the same result with less stress in less time with more enjoyment? ------------------- Access is a problem. Education and the story / storytelling of XRP is a problem. Perception is a problem. Security for common people is problem. Empathy for holders is a problem. All should be addressed -The above steps should be consolidated to 1-2 steps, MAX. -Educational process / on boarding needs to take 5 minutes, MAX. -Money transfer to gateways needs to be ILP enabled and happen in near real time. -We need a gateway where XRP is insured, backed 100% to stop the paranoia. -We need a simple cold-storage wallet, with one step download/build. -Empathy: Most people, in industry or not, cannot sit around all day and build shit, read whitepapers, check filings, etc. XRP needs to be TRUSTED and secure (right now neither are true). And there needs to be clean UI, with quick documentation / educational process. If not, the progress in value and remaining upside would have to be extraordinarily high in order to motivate people to take a chance and overcome the clunky, friction filled, obtrusive, HIGH RISK, and otherwise insane process of acquiring XRP. Other thoughts The current irony is that XRP, Ripple, and ILP are supposed to make the process easier, faster, and more efficient. While we all know they do, it’s ridiculously difficult to get to the point where the benefits can be realized. I know that many in crypto world are all about “look out for yourself, there are no rules, who needs the help of others, chaos” but we need an exchange that is 100% insured. While being cautious helps in thinking through the process and can provide many benefits… In general, paranoia does not help the price. XRP is already very risky, to add paranoia to the perception, makes it even more of a problem. At the moment, it feels like the sale of XRP is the equivalent of the Oculus Kickstarter: A way to support a growing company without any real benefit. To end: While who is XRP for is a great question, a better one may be who isn’t it for…
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  8. Fortunately, I managed to be quick enough to sell 1 XRP before the price dropped.
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  9. Just thought I'd share my experience of using Flash-FX for the first time. It was good. I signed up last week. Easy signup, used my drivers license and a gas bill for KYC and was approved in about 7 minutes. I loaded my account using a POLi payment, that took about 45 minutes. Then I sent a payment to GateHub which went like this... Transfer You have sent USD 79.35 to GateHub (AUD 110) Rate0.7214 RecipientGateHub Limited 17/12/16 06:28:37Transfer initiated 17/12/16 06:28:43Currency successfully converted 17/12/16 06:28:45Funds transfer initiated 17/12/16 06:28:50Funds successfully transferred 20/12/16 08:01:31Funds released to recipient So The first 13 seconds was pretty exciting! But then it got boring for about 3 days. I'm a little disappointed that it still takes a matter of days to do a transfer. I think two businesses using the same Ripple technology should be able to do real time payments. I mean isn't that what all this is about? Anywho. Though it wasn't faster, it was still a lot cheaper than a bank transfer.
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  10. You say 60 million like he's not almost entirely responsible for Ripple existing in the first place. It's *completely* none of my business, but if I had been the one divvying up the XRP, Joel Katz would be holding more than Chris Larsen (who was given 7 billion, I think). Don't worry about Joel Katz dumping XRP, worry if he leaves Ripple. That's when I jump ship...
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  11. https://ripple.com/xrpに関する6つの迷信/
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  12. Here is a summary of the a few of the-narratives that everyone, including those in the company should be aware of : 1) Negative / Scam Coin If XRP is to be taken seriously this narrative needs to be overcome / changed. What makes this difficult is XRP operates in a public/private space, somewhere between a utility/stock/currency. Ripple gets the benefits of this in-between status. They don’t have to tell anyone anything about XRP, can sell/distribute to raise funds when needed, employees can personally dump when in need, and enjoy information asymmetries, while tapping the community for perspective, without any responsibilities to the public/ XRP holders, other than saying interests are aligned, which keeps believers on the hook long-enough, for the next price drop / dump / crowdfunding round. This is why I said XRP is closer to the Oculus Kickstarter than anything at the moment. Collectively, all of the Oculus Kickstarter funders should have owned ~5-7% of the company for essentially funding their seed/series A round, but got played by some kid(s). That’s what is happening right now with XRP. Collectively, early holders likely should have ~3-5% of Ripple, but instead get JEDmageddon, “soon”, maybe XRP will break .01, and wait for tomorrow. In general there are all kinds of problems, which have made me very cautious. I haven’t commented to this point because who knows the inner workings of Ripple. What makes the XRP community and the company great is the professionalism and general sense of sanity. Clarification would be a great first step: 1) Who holds what re: distribution of XRP in the company / the earliest ledgers? No one in the venture business would provide early funding to a company without knowing who the other funders are and what percent of the company they own. 2) Do employees get paid in XRP? The answer was yes, but is it still the same? 3) Does Ripple stabilize the price or sell into upswings crushing volatility in any direction? This is speculation by the community because few can figure out why fundamentals can seem strong, but XRP can continue to perform so badly. 4) Information asymmetries re: XRP can lead to what looks like insider trading. What are the legalities on this? 5) Dumps from early employees? Bad practice, makes XRP look really bad… 6) Does Ripple have private stock? They obviously filed with the SEC for the sale of equity and have different responsibilities to investors than to XRP holders. If so, is XRP like an interest free loan that never needs to be repaid? Free money so long as another believer can be found? 7) If there is private stock, what is the point of XRP? It doesn’t guarantee exposure/ownership in the company, and so it is not tied to the success of Ripple. As already said, RCL/XRP != Ripple 8) What exactly is the function of XRP and what are the responsibilities to its holders? 9) Why should anyone believe in it? If Ripple holds just 50,000,000,000 XRP, they are holding over $250,000,000 at current prices from the crowd. Of course, if the market walks away, it’s worthless, so interests are aligned. Yet, at the same time, there is no reason to make it successful if there is private stock. $250,000,000 can keep the company in business for a long time, while still protecting the CAP table, so the game would be to get enough new people to come in to continue to subsidize operations, while never needing to give up any part of the company. Of course, access to $50 billion+ in capital looks a lot better than $250,000,000, but the most recent rounds from huge companies like AirBnB are come in at $1.5B, so the amount is substantial. These are a few of the reasons why the public and partners may question its validity. 2) Positive / Long game Early founders made a mistake up by not having a lock-up/vesting agreement. The company needed to scramble in order to fix this, which took a few years. In addition to that problem, they couldn’t find product market fit re: RCL, as companies/banks didn’t want a take it or leave it offer and didn’t want their information to be publicly-exposed, and the public/crypto-community was skeptical of XRP for the reasons motioned in section one. This meant that they found themselves caught in an in-between space, where they were screwed either way, and needed to be creative to find a way out. They decided to pivot to a banking, top down approach, moving beyond RCL to address the problems they were facing, which took time since the industry is notoriously slow, and the tech needed to be built. While they were making their pivot, XRP was put on the back-burner, but kept stable (to try and build trust), until proper security could be addressed, key hires could be made, strategic partnerships could be formed, and a foundation could be built. When making this pivot, they stumbled on the fact that XRP could be a bridge currency, hoping that it might work for all the reasons mentioned at the bottom of narrative #1, plus its agnostic in that a single bank doesn’t control it, meaning they can sit in the space-between, making friends with everyone, and building TRUST. If any one single-bank controlled a crypto-bridge-asset, who would TRUST it? They are hoping to gets all the credibility of being properly regulated and accepted in already known financial communities, without the drawbacks associated with those financial industries. XRP not being addressed until now was a question of capacity and priorities. To move too fast and compromise the integrity of their approach in industry when gaining ground over the past year or two, for the short-term distraction of XRP would potentially jeopardize the long-term success of not only XRP, but the entire company. If the company failed, XRP would be essentially useless and dead. In this model, the goal is now to be everywhere in the space. Also be TRUSTED among the public that should know / while also unseen & unknown to the remaining public, unlike Bitcoin, Ethereum and other alts before those cryptos fully grow up and move along the adoption curve (which will happen faster than expected). With foundation in place: List XRP on crypto-exchanges List XRP on public-stock exchanges Get XRP to be part of crypto-ETFs Get XRP to be held by hedge funds (cryto and non) Find a way to make XRP purchasable with one-click. Let XRP act as a bridge currency Let XRP try and solve micro-payments Set aside XRP for people to build the ecosystem --> act like a VC and grant projects that help build RCL. Encourage positive-entrepreneurship on RCL --> Start a corporate giving program for NPOs that can actually benefit from RCLs transparency, to help bootstrap projects through access to developers, XRP donations, and other benefits. This helps the company while doing good, and actually fulfilling Ripple’s original mission. Provide clarity, transparency, and expectations around XRP to build TRUST. Acknowledge that a majority of people don’t care about technical perfection and superiority, but want things that work, are accepted, solve their problems and fit with their world view. These are huge, trillion dollar markets, so capturing a small percent would raise the value of XRP, as private institutions, private companies, public individuals all hold the asset because of its flexibility, and demand increases. --- The issue here is that if a mined coin/other coin comes into existence that can match the performance/speed of XRP/RCL and use Interledger, most of XRPs value prop is dead, at best a netscape or yahoo (irony not lost on me) of the Alt currency 1.0 boom. But heck some of those companies could still roll for 10+ years post peak. The other issue is just because they say it’s so, doesn’t make it so… I get the argument for why it should appreciate, but, in response, SO WHAT! Finally, there’s this saying I’ve come to appreciate, which is “smart enough to miss the point”. We all have our moments, and this could be Ripple’s. Which narrative is true? It’s yours to decide… And to the point about burning XRP: I’m not sure it helps. All that may do is change a few decimal points. Actually usage and demand needs to be there, otherwise the price could just drop to meet the new supply, as people revalue it downward, viewing it just the same. Let's wait for Q1 and MM program. Grace period for "soon" ends somewhere between now and 2018.
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  13. Just to reiterate what I wrote in the chatbox and was pasted above in convenient image form: Now, let me be a bit more specific: the latest static analysis run was against 0.50.0-b1; before human review, the static analyzer determined that the defect rate of rippled was 0.58 - this is belowt he 0.7 that is typical for open source projects. This figure is not only before a human reviews the results to weed out the false positives but includes things which may not even be bugs. Let's break it down a bit more: in the last static analysis run, 10 items were identified as "high priority" issues and; some were in external sources after review, every single one was either a false-positive, caused by the analysis engine proceeding down an impossible code execution path, or intentional. Most of the medium and low priority items involved members variables that the analyzer reported were not initialized inside constructors: of those, approximately 60% were, properly, initialized by the member variable's own default constructor. The rest were, intentionally, left uninitialized either because an appropriate value was not available or because it was not needed. Manual inspection revealed that in all those instances the variables are properly initialized by a write before being actually read. The "low priority" issues focused mostly around indentation involving our use of the JLOG macro. After triage and weeding out of false-positives and intentional items identified as high priority, and just a few of the "medium priority" items that are the result of the analyzer not properly understanding the semantics of the code, the defect ratio plummets to ~0.2. What still remains is... well... not very much and it would be possible to eliminate them with some changes to the code base, but some of those changes might impair the overall readability and structure of the code. I'd rather not inconvenience humans for the benefit of a program. Ironically enough, our code auding and static analysis efforts have found more bugs with external code that with rippled code. For example, we identified and fixed defects with RocksDB and Boost Coroutines. At least bugs are getting fixed, right? Anyways, to make a long story short, there are two points I want to make: If the number quoted in this study is supposed to represent vulnerabilities in the rippled C++ codebase, then I can only imagine that someone run the code through a static analysis engine with the settings cranked to high and blindly copied a number without doing any manual review or triage of the code. As such, the figure is not only unreliable but useless. My coworkers on the C++ team, through hard work during development and harder work during review, produce code of exceptional quality. And we go beyond careful coding and thorough internal reviews: we use various different static and dynamic analysis tools and other techniques to continually audit the codebase and ensure its short- and long-term health.
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  14. From their newsletter: "But that's not all. As promised, we can confirm that XRP will be launched as a trading pair in the second week of January and that margin trading will be introduced in Q2 2017."
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  16. I've become increasingly bearish for XRP during 2016. My main concern is XRP distribution. When i first bought XRP in 2014 i ignored that problem and kept underestimating it's importance during the following years. But as i realized it's incredible naive to think that anyone will use a digital asset where only a tiny fraction of the supply is available. Currently about 15% is available to the market and Ripple articulated to only distribute ~50% (20 billion of founders XRP count as "distributed") until 2021. Disappointing. I first noticed that problem affecting myself during the 2015 rise to USD 0.026 when i observed board members of Ripple dump XRP worth hundreds of thousands of USD to the free market. The problem is that i highly doubt that those guys bought their XRP like i did and on top of that enjoy information asymmetry. This problem is way more severe for FI's / market makers who think about actually adopting XRP. To quote Richard Crook, head of Innovation Engineering at RBS: U have to trust a private company who acts as the de facto central bank of XRP to act reasonable and in favor of all XRP holders. This tech was supposed to get rid of those antiquated trust models. It's a major issue and i think that XRP will not be able gain popularity without a significant change on that front. On a personal note: I own around EUR 200k worth of crypto assets currently but decided to not hold XRP anymore until Ripple can offer a solid strategy for XRP. Im the typical frustrated early XRP investor. I expect significant technical (mainly Casper) and price related advancements concerning the crypto sphere in 2017. Ethereum looks super strong. Monero looks like it will occupy the privacy niche. Bitcoin is rolling again. Ripple needs to restore confidence that XRP can be part of that revolution. Sadly i expect another year of sideways action. The only solution i see: burn 30-40 billion XRP. And decentralize the network please... are u telling us that none of those 100+ banking partners and system integrators want to run a validator? Not building confidence either.
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  17. Someone named rancymancy posted an awesome response on reddit:
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  19. Thanks @nikb for dropping this in the chat! rippled version 0.40.0 Released https://ripple.com/dev-blog/rippled-version-0-40-0-released/
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  20. My friend from LA just send me this...near the Doger Stadium in LA.
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  21. Some fun distribution facts: In 2015 Ripple distributed ~2B XRP In 2016 they distributed ~2.4B XRP In the 28 days between 12/11/16 and 1/8/17 Ripple distributed 976,978,200 XRP with little effect on the price. In the first 7 days of this year, 433,260,487 XRP were distributed. Here are the historical numbers courtesy of @GiantGox: http://gtgox.com/xrp配布の内訳/ It will be interesting to see if Ripple will stick to their goal of holding ~50B XRP in 2020. Once the MM incentive kicks in that may be hard to maintain.
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  22. See screenshot below 😎 This is a very nice prediction for 2018 imo 😁
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  23. As @Morty said, you'll be able to spend any currency. I should note that ILP and cards will only work with hosted wallets until RCL fully supports ILP as well. Even then the general public will probably be better off using hosted wallets - except if they are advanced users and they know what they're doing. To put things in perspective, we believe ILP and hosted wallets will become a replacement for bank accounts (again bank accounts, not banks) and PayPal's of the world while RCL will be used by Liquidity Providers (connectors to use ILP terminology) to settle funds faster than using wire transfers. The question is how open the ILP enabled institutions will be to supporting 3rd party connectors. This is why we are working hard to create a network(s) of gateways that will be using the same transaction protocols (ILP) and identity standard (Global iD). Both are needed if we want this to work between institutions that don't directly trust each other. And of course to keep regulators happy ...
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  24. Hi Vinnie First off, thank you SO MUCH, sincerely, for posting this topic and asking for genuine feedback (inc. constructive criticisms if need be) from the community, which we represent. I/we really appreciate it. I saw this post and immediately and excitedly abandoned my Xmas beer (and potato peeling) to log in and post just for this special occasion! But actually, getting right to it, that is the first thing that's been a bit worrying for me as a Ripple follower/"investor" – the lack of solicited informal feedback from the dedicated (if small) community involved in using Ripple/XRP, in particular from a semi/non-professional or casual-user perspective (i.e. as opposed to a B2B, trader, banker or market-maker type perspective). I haven't read previous responses to your post because I wanted to log in to write out a fresh response without anyone's thinking affecting my own, so if I repeat anything someone's already said, take that as me backing up their point(s)! So... The reason I was fascinated with Ripple from Day One was mainly: The realization of Ryan Fugger's original vision (now the IoV) The capacity (if then/now somewhat crippled) for Ripple to power an open, accessible, distributed/decentralised p2p value-exchange (e.g. the now defunct Ripple Trade, baton passed to Gatehub?) The possibility for XRP to work as a truly liquid, global, universal asset for seamless value-interchange Speculative investment reasons (i.e. I might make money by holding XRP) XRP obviously played/plays a big role in these four, especially the final two. Just so you get some "feels" type feedback; on a personal note I have felt a bit disappointed by the lack of progress purely from the XRP side. I don't just mean price – although that's obviously a big factor that I won't deny; I am invested, so I am going to be biased. You can take a pinch of salt if preferred. But in all honesty, trying to appear objective, the asset is hardly liquid since its inception ~2013. I cannot easily and effectively use it to swap in and out of international currencies and assets. I truly hope this is changing soon, what with the hire of Miguel Vias and all the compliance groundwork that's been laid. Yes, there are somewhat liquid gateways especially between USD and BTC, but getting in and out of them can be a huge "faff"! Only recently has it become somewhat less stressful to exchange my humble fiat GBP into EUR then XRP via Gatehub. Previously it was a bewildering, hair-tuggingly long-winded process to get my hands on some juicy XRPs! And often by the time it happened, the price had moved significantly. (This is quietly getting better). So access has been a major factor for me and I'm sure others, and then second, liquidity between the major currencies and assets has been poor. I have seen improvement, but some gateways and initiatives have sadly fallen by the wayside, e.g. Ripple Dividend (great concept – and fun while it lasted!), and Ripula (due to tragic circumstances). Also, I feel that XRP is still generally viewed with deep suspicion, even as bitcoin (of all things!) is slowly gaining mainstream understanding and tentative acceptance. This, despite its noticeable ageing in a fast evolving crypto-coin world. My friends, for example, all technologists involved in web design/development/etc, still have no clue what XRP "is", or can do for them let alone complex businesses. Admittedly, they might not be XRP's target audience or even need to know what it can do "under the hood" for treasurers – but if they are a demographic, all this needs clarifying officially from Ripple direct. For example a statement saying that XRP is (or isn't) meant only for B2B, or, it's "not intended for personal use", or is "highly risky for investment purposes", etc. Then again, clearly XRP runs on a "public" facing infrastructure: the RCL. So is it aimed at being an "elite" banker's asset, or a bitcoin-esq, speculative "publicly" available cryptocurrency?! If speculation from the public is becming a focus, now or in future – and especially if you want to use "us" (the community, early investors) and the public to "bootstrap" liquidity, as has been suggested – then IMO it needs to become far more consumable as a product/brand, more accessible for Average Joe. My friends, all very tech savvy and very aware of bitcoin (though sceptical), do not "get" XRP or get why it might be better (or worse) than bitcoin or digital fiat for that matter. Online, in general, XRP seems to be eyed with suspicion. Yes this IS in part because of the stupidity of Bitcointalk et al. However, the initial self "offering" to/by the Founding Fathers (Chris, Jed, etc!) is seen as rather "greedy" and potentially risky in terms of its market effect – I am not saying it was or was't greedy/whatever, only that this does seem to be the overwhelming perspective in crypto-coin circles, for what it's worth. Most folks I talk to, even those aware of the lock-up agreements, "charitable donations", etc, are still concerned about the fragile XRP market especially with any "wild XRP" lurking out there ready to crush the price. It is a really huge amount of XRP that was handed out; reminds me of Satoshi's generous portion! Some XRP investors are nervous for technical or political reasons. They are unsure about aspects like scalability, decentralisation, volatility, market thickness, and just whether the price even needs to rise for XRP to be used as a bridge asset. David Schwartz made a great post to this affect on XRP Chat, which I agree with – i.e. price must de-facto rise in order to accommodate certain size transfers – but my point remains that this information is hardly "out there" and remains niche, even as does XRP. Again, I am not saying it ought to be this or that, only that IF Ripple wants XRP to be seen as a (speculative) investment for the masses, THEN it might consider better educating the crypto/investor community at large on the advantages and disadvantages. I suppose the recent XRP quarterly updates announcement is meant to be taken as such? Some folks are worried about Ripple clones, or worried that Ripple will lay groundwork infrastructure at great expensive for the IoV, only to have everyone else tap into it "for free" and provide a better/faster/cheaper (or dangerously similar) bridge asset like XRP. E.g. Stellar Lumens (yes, I know, I know! But suppose someone like IBM produces an XRP competitor). Finally, the obvious common scare-factor is that ILP will be used happily and that RCL will not, or if so only a little, or anyway not enough to bulk up the price of XRP or provide public utility/liquidity; so instead what we'll end up with is lots of clever ILP based B2B and banking infrastructure working invisibly "under the hood" and hardly touching RCL. I also hope more gateways can appear and find profit models that don't have to charge in/out fees that seem to conflict with the very philosophy of Ripple or at least the slow-emerging IoV. Anyway, that's all I can think of off the top of my noggin. I'll post more as and when it comes to me. I really hope this is of some use. Please know I am confident in Ripple's success; only slightly less confident about that of XRP and RCL's; and that I am very much in your corner and optimistic. Thanks again for posting! EDIT (1): I also think it's important to show us at least one illustrated, step-by-step example of a real-world Ripple transaction going from start to finish that explicitly and authentically engages a significant amount of XRP to facilitate a cross-ledger, cross-border, and/or cross-asset payment or settlement, including all traders, market makers or other accounts involved and the reasoning for their involvement. EDIT (2): (a) Aggressive marketing, bring it on! Appeared weak/flaky on XRP until recently. If going for bitcoin's jugular, I can't see any TECHNICAL advantage to bitcoin over XRP at this point; is there one (I really don't know)? But BTC has network effect, early mover advantage, big investors, hype, etc; (b) People VERY unsure of how you're going to solve "chicken and egg" liquidity problem; need to clarify e.g. incentives, bootstrapping, etc? (c) XRP roadmap, future features/capabilities?
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  25. Speaking only for myself here, from time to time I like to do a reality check on my views. I do this by getting perspectives from different folks, especially outside of the company. There are quite a few people here who are long on XRP who thoughts I find directly relevant to my interests, since I am also long on XRP. I have no illusion that I am right about everything so its great to get external confirmation on ideas that agree with my own, and also to know when I might be missing part of the bigger picture when ideas are at odds with my beliefs. How else to find out without asking? Also, I have been busy working so I haven't been on the forums and regular cryptocurrency outlets much, this is a nice "catch-up" to see where things are at. And its a great thread that consolidates a lot of thoughts into one cohesive discussion. Do not forget that rippled is open source software, and the RCL is intended to be a decentralized, distributed system which allows equal access to all. Everyone matters, and we should encourage all discussions. It is true that Ripple as a company is focused on fintech more in tune with the banking sector, but the rippled software part that I work on is a general purpose platform and quite usage-agnostic. Nothing in the company's strategy stops an enterprising individual from developing their own software that operates on the RCL. As far as cryptocurrencies go, I have my own opinions about XRP relative to the others which I might elaborate more on soon in a separate post. --- I'd like to thank everyone who took the time to respond, it is appreciated!
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  26. Full disclosure, I'm neither a financial professional or computer scientist: Apologies up front for typos. Outside perception - Outside of cryptoland: There is zero outside perception. ZERO. Many people have heard of bitcoin, some have heard of Ethereum, no one has heard of Ripple. Even the savvy tech people I know that are looking for payment solutions for large companies like Facebook don't seem to know about ripple. - Outside (of xrpchat and Ripple) perception but inside cryptoland: Bad reputation. Ripple is seen as manipulated, centralized, a bank sellout, and not fairy distributed. Crypto enthusiasts tend to land somewhere between anarchist and libertarian on the political front and Ripple's very public position wanting to help and work with rather than disintermediate banks makes XRP a nonstarter for many cryptoenthusiasts. Simply put, it's a "scam". Moreover, XRP doesn't do anything "interesting". I hear this over and over. While Ether, Monero, ZCash, etc currently have no utility, people see them as more "interesting" based on fantasies of a libertarian future. Target audience - this is actually not very clear to me. Ripple says their target audience consists of banks and FIs but every time someone from the financial industry talks publicly they say that they like Ripple but hate RCL and XRP. - I see XRP having some utility as a medium exchange for small value payments in 3rd world countries, at home, and otherwise. I also see some experimental use cases for example addressing some of the domestic financial problems for poor people. It seems that there are many opportunities to grow the base of individuals using RCL whether or not they realize they're transaction through XRP. I'd like to see some creative offerings emerge on top of Ripple. For example, a prepaid credit card that settles in 3.5s for sellers. The card issuer could charge lower transaction fees than Visa/Mastercard but use some part of the transaction fee to give "rewards" in the card user in the form of XRP "points". The would allow the poor to participate in the rewards ecosystem and the prepaid deposits would provide a stable source of liquidity. I don't think Ripple, per se, should be directing its effort at this but I also don't see Ripple doing much to foster this type of innovation on top of RCL. Ripple seems to be very technically adept but not very creative. Future of XRP - As long as RCL exists, XRP will exist. For now it seems that as long as Ripple is around, RCL will be around so I don't mind holding XRP for the long run; the only loss I expect is the opportunity cost of not being able to do other things with my money. I've consistently bought at the nadir. - It seems that early in 2017 we will start to Ripple direct energy toward increasing the use of RCL and XRP. My impression is that this will first happen by working with adventurous, risk-tolerant FIs to transact through RCL via regulated exchanges (BitStamp, Coincheck, etc). The derivatives (cryptofacilities, bitstamp) will allow FIs that purchase XRP with non-depositor funds will be able to hedge risk. It seems that early in 2017 the Fed Faster Payments group will release a favorable review of Ripple technology. My sense is that Ripple is also working with Dwolla to facilitate onboarding of fiat into RCL. Finally, it seems clear that the Gates Foundation and Kosta Peric smile favorably on Ripple and that they may announce a working relationship with Ripple in 2017 once the Ripple ecosystem is more mature. There are many promising signs if you look for them but in a desert a thirsty many can mistake a pot of dirt for an oasis... and we are thirsty. - It seems that Ripple is quite interested in issuing central bank assets on RCL which would obvious change the whole Ripple narrative. - It seems that the Royal Mint will issue gold on RCL which will also boost usage and liquidity. Current price/volume Honestly I think that the price right now is appropriate given that: cryptoenthusiasts hate it, it's not available on may exchanges, Ripple gateways are complicated to use, there are no simple cold wallets, there are no existing hard wallets, and that XRP has no current utility given that RCL has very little liquidity and few currency pairs. I think that 2017 - 2019 will be winnowing years for cryptos and we will see many coins and projects die. Like the dotcom era we will see some of the existing players emerge stronger as well as new entrants that have learned from the mistakes of the early pioneers. The price for all coins except for BTC is purely speculative right now and therefore reflects hype and expectations more than fundamentals at this point. Some problems - Ripple holds the majority of XRP which many have qualms about - Ripple likely manipulates the price of XRP - There is not a clear or transparent distribution schedule for the remaining XRP One last note, the Ask Me Anything that Chris Larsen participated in on Quora was a bit insulting. He didn't address the most interesting questions (which I understand may be sensitive topics) but he should have at least acknowledged why he wouldn't answer those questions. It gave me the impression that Ripple is going to pivot toward being less transparent in the future.
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  27. Hi Tulo, We truly appreciate the effort you've put into market making on RCL - it doesn't go unnoticed! RCL is definitely a unique trading environment, so I tip my hat to anyone with the knowledge and skill to profitably add liquidity to the market. You may have noticed that we have been testing a market making program on RCL for the last several months and we have learned a lot in the process. We're about to deploy a new feature on RCL called TickSize, which will help to eliminate bots fighting over the tip of the order book (a problem we routinely encountered while testing the MM program). Larger tick sizes have also been known to benefit market makers by: Reducing spreads Promoting liquidity Increasing price discovery Decreasing transaction spam Decreasing ledger churn and metadata sizes Bringing more scalability and transparency to order books These are all benefits that will help improve our efforts to expand an institutional market making program to a wider audience. Hope that helps to clarify things a bit more
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  28. The light should eventually turn green once RCL gets SusPay, crypto conditions and PayChan.
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  29. Right, so long as that governance organization doesn't hold some secret sauce or power that prevents people from defecting should they disagree with its decisions. Bitcoin was not centralized even while everyone was running precisely the software Gavin said they should run. Gavin held no patents nor restrictive copyright licenses. He had no ability to compel people to run the software he said they should run. People just followed him because that seemed best. He had power -- people would follow him even with decisions not precisely the ones they most liked because he had the power to build consensus and because it saved people lots of effort. But as soon as people disagreed with him enough to outweigh the convenience of following him, they defected and Bitcoin governance is, frankly, worse because of it. A benevolent dictator that people follow voluntarily because they make good decisions is a good form of governance. We would much prefer that they were large numbers of interested parties actively participating. We've been working aggressively on making that happen for two years now, and it has been slow going. Our hope is that eventually there would be more than one such governance organization so that they could also keep an eye on each other. Organizations would, at a minimum, recommend a list of validators believed to be unlikely to collude (because they are operated by unique organizations). RCL's amendment scheme is a unique way to allow system rule governance to flow automatically and smoothly from UNL governance. If the UNLs of trusted validators reflect the stakeholders of the network, the evolution of the network's rules should too. And if the ultimate stakeholders feel the rules are evolving in a way they disagree with, they can just change their UNLs.
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  30. We all miss the reason why the document is primarily written in Japanese... I think it's something really hot brewing in Japanese market and this is to comfort them. I think live XRP trading on SBI is within days now. I love this kind of 2017!
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  31. No not at all, its the end of year so there are holidays, next year's planning, and management responsibilities. In other words some non-development work. Usually what you will see from me are alternating periods of intense rapid development followed by shorter periods with less activity. There's one last tough design issue in Beast before I can submit it to a Boost formal view (it's here: https://github.com/vinniefalco/Beast/issues/154). rippled is going to gain support for the WebSocket permessage-deflate extension (i.e. compression). All this library work will pave the way for some great improvements to rippled's server component (the part that serves JSON-RPC over HTTP and WebSocket). Lots to do, and I'm not going anywhere!
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  32. I think we can all agree with Malloy when he says the price of xrp has to do something "besides slip into the abyss". .01 has to be now if you want anyone to take this coin seriously. With all the recent money pumped into btc they will be looking towards alts soon and it would be nice to have that funnel to zerp. As a sign of solidarity and good faith I strongly recommend holding a press conference and inviting all of us xrp longs to silicon valley. At this press conference you will hold a randomized drawing where one of your supporters will have the opportunity to push a giant red blinking button. This button will be on a stage elevated no less than 20 meters above a crowd of thousands. When I press this button , I mean if I'm chosen to press this button.... Instantly 15 billion xrp will be sent to a black hole address. Now this act alone will instantly propel xrp into the media spotlight. I predict such stars as Brad Pitt and Gwyneth Paltrow will then take notice of Ripple and offer to market your company to Hollywood and voila! We all win!
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  33. I am not "the company", my opinions are my own. Of course there is an XRP strategy but I'm asking for an outside view - one that is obviously not possible for me to glean from within the company. And bitcointalk.org has pretty much gone to crap with Blockstream sycophants censoring posts and topics, so there's no way get any unbiased perspective there. There shouldn't be anything wrong in having a discussion and you shouldn't shame someone for starting one.
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  34. For those wishing to know about the readiness (and willingness) of implementing blockchain based technology solutions for faster payments, etc. Here is some pertinent information you might find handy. The cities which were covered were: Amsterdam, Brussels, Paris, Lisbon, Copenhagen, Stockholm, Oslo, Munich, Berlin, Prague, Salzburg, Zurich, Istanbul, Dubai and Abu Dhabi. The takeaway summary points that can be shared are as follows (keeping the focus on Ripple as this is the unofficial forum for it): Banks in Europe, Turkey and UAE are cognizant of the solution providers (including Ripple). Ripple is in active discussion with a lot of banks. Bankers have either attended a session or a presentation on Ripple or have had a meeting with Ripple to become more aware of the solution offering. Did not come across a single bank that had not heard of Ripple. Which was a surprise. Correspondent Banking still remains the Damocles sword for many, especially US Dollar Clearing with US based Correspondent Banks. Everyone wants to know if there is a direct method to clear US Dollar payments amongst two banks without going through the US Correspondent Banks. The deflated answer is, at present there is none. Banks don’t like it / don’t get the XRP Liquidity providers / Market Makers is a huge Question Mark (?) for them. Lots of questions around it and very honestly, I was not the best person to answer them. Am still learning that aspect. Blockchain is uttered more than say Ripple or R3 or Hyperledger. It is always Blockchain this, Blockchain that. There were a lot of questions with respect to information sharing, how the transaction data, particularly with respect to KYC data, end-client data is shared? Who gets to see it? etc. SWIFT MT is the preferred method for banks to get on board, as they see their partner banks having SWIFT, so an easy solution/on-board process for member banks would be SWIFT (I’m sure this had been thought of by Ripple, however, again, I was not the right person to answer it, nor did I have the domain knowledge to comment on it). Is everyone itching to use some Blockchain technology? You bet! Skeptics within the banks? You bet! Proponents more than Opponents? For sure! The banks that I spoke to I would say slightly less than a 1/3rd of them were ready to undertake some form of implementation / project initiation in 2017. Had these banks highlighted a problem area that Blockchain / Ripple / Etc. could solve for them? Yes!!!! (emphasis supplied). I did not visit Tier I banks in Europe (just so we are clear). I did visit Tier I banks in Turkey and UAE. Central Banks of the various countries (I could only meet up with 4 of them) were equally aware of it and in many ways were cautiously optimistic about the whole blockchain environment. All in all it was a wonderful (albeit extremely hectic/tiring) trip. Be happy to answer questions (however, please respect that this was a paid consulting assignment, so certain questions I might have to decline).
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  35. http://cert-mu.govmu.org/English/Documents/E-Security Newsletter/2016/E-Security Newsletter December 2016.pdf In their Annual Security Newsletter Page 12 Under "Better Regulation" it mentions that only two companies have a "BitLicense" Another section, "Shorter Times" is red-lined with the following content: The ripples are making their way around the ocean!
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  37. Even were that not so though, I still think the argument would be spurious. At one time, you could have similarly argued that Bitcoin was centralized because everyone ran the official version of the software and whatever Gavin put in the software wound up running. But that argument would have been spurious too. Sure, everyone ran whatever code Gavin told them to because Gavin was trustworthy and reliable and it would have been awfully tedious for everyone to maintain a separate copy of the code for themselves. A central authority in fact who holds no official power and keeps no secrets does not make a system centralized. It's just a convenience for as long as it is able to do what most people want the system to do. So long as people are free to defect at any time they disagree with the actions of the authority, the authority is not a real central authority. An authority followed out of mere convenience or because of its competence is does not make something centralized so long as there are no obstacles to people forming, and following, other authorities.
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  38. Ripple XRP is on Forbes! Here is the article. “You now have a network that is able to tokenize brand new assets or create token versions of physical world assets and move them around in a virtual world,” she says. Sandra Ro, executive director of digitization at CME Group http://www.forbes.com/sites/laurashin/2017/01/10/what-is-one-of-the-worlds-largest-derivatives-exchanges-doing-with-bitcoin/#2dff9e654162
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  39. As mentioned by @D-fault123 in the chat, coinmarketcap.com had an interesting glitch today. XRP realized all our dreams and then some by jumping to $3.9M per coin, then subsequently disappearing off the site. This may be affectionately remembered as the AM era (after million).
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  40. We are working closely with Ripple's ILP team to make sure we are 100% compatible with other entities.
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  41. Hi Vinnie, my take is: Few people are aware f XRP or how it works, those who have only heard of it think it is a less relevant bitcoin. Those who try to understand a little bit more because they might be interested in investing get suspicious about Ripple Inc having so much XRP without a clear path of how it will be distributed in the market. It would require HUGE demand for XRP to calm those people down. One fact that interest them is that XRP may be used by financial institutions. You mean Ripple's? To me it is very clear that Ripple's current target audience are global banks and corporations. This is the harder one, I am writing something about that considering an ILP-enabled world, but for now I will say it can be an asset that optimizes liquidity management and can be much cheaper and simpler than assets that have a counterparty. This can lead to a maturity where it begins to be imaginable using it as an alternative currency. At this point, with no real world usage it is fair. Chicken and egg problem here. Bitcoin "solved" this with a small crowd that believes in a programatic economic model, this solution doesn't seem to be an option for ripple. Things that would generate demand for XRP: Banks using it to cut costs. Get 2 banks to start using t and a Ripple Market Maker to help them FX houses using it to cut costs (Flash FX is nice, I wish it can grow!) Good and easy to use wallets More investment on Ripple-based startups More decentralization of the tx validation (with high quality nodes) Really good news related to XRP, not Ripple Solution Facts that reduce demand for XRP: Ripple Inc being pivotal about RCL - ILP is cool, but generated a lot of FUD Ripple Inc was fined and forbidden to help the average joe, suddenly the community had a lot less resources directed to help them - gateways were not ready to keep up at the same pace and XRP wasn't helping them. There is no clear vision of the "inflation" for XRP because there is no transparency on XRP distribution plans, what leads also to: Armajeddon and constant fear of an XRP flood from other big holders In spite of having distributed so much XRP Ripple Inc did not make XRP grow in usage, volumes and price How much damage can those XRP given out in "business development agreements" do to XRP price? Were those good agreements for XRP holders? The perception of Ripple Inc's plans for XRP are of looooong term plans, so why buy it now? XRP reached good prices in the past but never stayed there - almost all XRP investors I know are losing now and this creates more and more resistance for the price to go up since many are praying to just be able to cash out at their average price Ripple Inc has reached a good strategic level but nobody ever seen any usage of RCL/XRP, what sounds like "Ripple partners don't care about XRP or RCL and Ripple is building something else to them"
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  42. Hi @Vinnie, great to read you are interested in our opinion. Outside perception - except from a few people around me (mostly BTC early investors), my family and friends are the only ones that know the name...but they're not sure what it's gonna change in their daily routine yet Target audience - everyone I know that travels and are fedup with transactions fees when you exchange local currencies to yours and back..especially credit card fees on top of exchange fees, etc. - migrant workers sending money back to their family - independence creators, producers and freelancers (apps, movie, photo) that setup shopping cart to sell their creations worldwide Future of XRP - the oil that keeps the machine going...the idea to exchange any currencies to any other is on top of my like list about this project Current price/volume I've been a part (some time full) time trader for many many years..and still is. Something's wrong about price/volume and many of us think Ripple has something to do with it...some plan. That could be a long term "good" strategy, but I don't think so because competition has been passing you and eventually, you might end up like the Beta/VHS story. Beta was far better techs, but everyone adopted the VHS so Beta became a pro-producer niche...that's all. - your Market Maker plan has to kick-in "now" and be felt with volume increase - price has to reach .01 US asap and stay there for a while - gap in price in the most used gateways must be tighter (volume should resolve this problem) - increment by 1/zillions of a fraction has to stop (bot mostly) cause it's killing any human chance of putting a decent order (I think you're already working on something like that) - every pairs should be listed/shown on Ripple Charts "but" with a warning when they are from untrusted source (GCB is a good example) - Ripple might have to put a buy back XRP program to get rid of major fluctuations like that BTC influence that is killing us now Movement To ad from the comments above, anyone with a bit of trading knowledge can see that the historic chart and volume doesn't show any pattern change. To get that, XRP needs to move up one stair "and stay there". We're at 0.006 now, let's try .008 for a month no matter what the price of BTC is. To do that, you have enough comments above to give you ideas. If the chart patterns doesn't change this year, many of the early adopters will just get rid of what they have and go for another crypto (remember that Beta/VHS I was talking about). NOW is the time...everyone here has been very patient and we all love the tech...time to move up now! Thanks for taking the time.
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  43. Interledger Protocol is on its way to making XRP more relevant than ever, as Ripple Consensus Ledger exclusively uses XRP for suspended payments and payment channels. If RCL is being used with ILP, XRP will be used.
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  44. @Morty Hi all, as per my previous messages, we dont fully support direct ripple wallet transfers (other to our partner gateways) hence the delay to get the funds back onto the wallet and the weekend to process it. This was a good experimental transfer and once we fully enable direct Ripple wallet transfers, this will happen instantly.
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  45. My wife found a bunch of my 90's bands tees and made this for me. I almost cried, she's awesome💥💥💥
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  46. Thanks, that's my account. I've been getting a bit active in defending Ripple - there's still so many mis-informed people out there, spreading mis-information, and this particular report just takes the cake.
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  47. It includes this prediction from Ripple managing director Danny Aranda https://s3-eu-west-1.amazonaws.com/bell-pottinger/fintech/fintech_2017_trends.pdf?utm_content=bufferd8705&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
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  48. Powered by Ripple can be: two ILP subledgers with a non-RCL liquidity provider in the middle. The RCL is totally optional and as a investor u have to assess the risk of RCL not becoming the liquidity hub everybody dreams of. Ripple != RCL and the ongoing divergence between Ripple and RCL adoption is worrying. 2016 was a awesome year for Ripple but let's be honest a horrible year for the RCL. I have a emotional attachment to Ripple and i esp. like this community. But as a investor with skin in the game u need to be very critical with your decisions and choices.
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  49. I've been quiet on this board for a long time, but over the past year or so but I was inspired by Ripple's vision. I wrote my research papers for my undergrad degree on ripple's potential for the financial sector. I started working for bluzelle, writing trying to communicate the value proposition for ripple and Blockchain technology for financial institutions. I spoke with the Canadian central bank about the potential for the tech. Perhaps most importantly I have been developing trading software to take advantage of the market making platform that ripple keeps talking about. But where is it? I feel as if the leadership of ripple puts forth a great vision but doesn't give stakeholders enough follow through and consistency to see an appreciation in xrp.
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  50. So today I had the pleasure of speaking to @Nicolas on the phone. He's a friendly and helpful guy. Flash-fx will be enabling transfers direct to ripple wallets. So the funds will go in instantly using gatehub IOU's This feature will be available next week! This is great news for Aussies. Finally a direct on-ramp to the Ripple world
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