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  1. 45 points
    https://www.xrparcade.com/news/ripple-to-complete-global-coverage-by-mid-2021-and-plug-moneygrams-cash-payout-to-ripplenet-this-year/
  2. 38 points
    I have been threatening to do this for some time: Crypto @Eri produces bulletins packed with the latest news about Ripple/XRP, SBI. She provides analysis that is very often unique and insightful and depends on translating Japanese links. The sort of new information that should be discussed on this open forum. My intention is to start a rolling thread of subject matter she is introducing. Bullet points: SWIFT is becoming more accommodation towards collaboration (video clips) with outside companies like R3 - but at the same time they have been dragging their feet over the ISO20022 standards New Digital banks are growing and changing the landscape of cross border remittance industry, and removing the need to use big banks Markus Treacher has announced that new ODL corridors will soon be arriving in Asia-Pacific, Middle East and Africa The remittance industry is worth 500 billion but has contracted about 20% due to the corona virus pandemic. This squeeze is leading to demand for greater efficiencies which can be satisfied by moving to ODL solutions The SME market is being served by new types of banks like Remessa and Bex Banks. These banks serve Brazil/ Argentina and Chile using ODL. The market is huge And then there is the fluff - cultural news from Japan - I will let you find out for yourself. So everybody - let's beat the negativity and instead of constantly harping on about price, lets discuss how the network is growing and speculate on where our investments are likely to grow and spread new roots. Eri's Daily Crypto Journal: https://coil.com/u/TheCryptoJournal
  3. 29 points
    The first Japan to Korea ODL has been recorded. Japan has been added to the utility scan, but it could be weeks or months before we see daily ODL between Japan and other users. https://twitter.com/UtilityScan/status/1277943529101242368/photo/1 The expectation is that a remittance corridor between Japan and Vietnam will be opened up as SBI have a big share of this remittance corridor and are well placed to make it happen. Utility scan have added the Japanese flag
  4. 29 points
    https://www.xrparcade.com/news/five-new-ripple-customers-revealed-seventeen-running-on-the-cloud/
  5. 21 points
    https://payid.org/ Why Ripple Supports PayID: https://ripple.com/insights/why-ripple-supports-payid/ Fortune article about the project: Ripple launches PayID allowing users to send digital payments across different platforms https://fortune.com/2020/06/18/ripple-launches-universal-payment-id-but-will-anyone-use-it/
  6. 21 points
    https://www.xrparcade.com/news/media-giant-uses-coil-for-web-monetization/
  7. 18 points
    https://www.xrparcade.com/news/japans-first-crypto-asset-fund-to-allocate-50-to-xrp/
  8. 17 points
    https://www.xrparcade.com/news/q1-q2-2020-xrp-report-survival-of-the-fittest/
  9. 17 points
    tar

    A short reminder

    As you may have noticed: there are no markets, anymore as central banks are massively intervening and buying everything in order to prevent a major crisis and thereby also a healthy correction, unfortunately. This has, by the way, been predicted around 20-30 years ago by Paul C. Martin (Debitism) [1] and is now recogniced by different financial analysts (e.g. Leonhard Fischer who said in an interview that the middle class is the loser of this game). In short, the debitistic dilemma means that states must at some point fail in their own pre-financing, which forces them to expand permanently. It is now impossible to raise interest rates without triggering a crisis at the same time. Because of this situation, central banks are trying to save everyone by simply buying up everything the market can offer. Companies can issue bonds directly to the FED and do what they want with the money - even speculate on the stock market. The same applies to the Treasury's loans to companies - the money is not earmarked for a specific purpose. As of October 1, the whales (banks) are allowed to gamble again - with the customers' deposits (i.e. the cash holdings of their customers). The Volcker Rule, which was introduced to prevent another financial crisis, will now be abolished again. JPMorgan expects the central banks to expand the monetary base by another $15 trillion by mid 2021. The top 10% of the wealthy take advantage of this situation by taking out loans at favourable rates and jumping on this bandwagon. As a result, share prices are also rising contrary to any expectations of returns in the real economy (especially due to the collapse in orders, which has been exacerbated by the Corona crisis). Take a look at the share value of Tesla, for example. Really? Then I don't know what the situation in the USA looks like, but here in Germany there is a massive real estate bubble and there is also massive demand for precious metals (especially gold), which in some cases leads to physical delivery problems. The one who has nothing (the lower class) cannot invest, but also loses nothing, since he has nothing to lose from the outset. Those who are hit hardest belong to the middle class: blue-collar workers, white-collar workers. Basically everyone who has some assets, but not enough to get cheap loans and to be able to compensate for any losses. It is precisely this class that finances the state and is currently being fleeced. As they are now subject to the highest taxation in the world in Germany (we are talking about up to 42% income tax plus health, social and nursing care insurance) and at the same time the water is being dug out of them, a flight abroad began. On top of that, they spend about 80 billion euros (conservatively estimated) annually here for so-called "refugees" who cannot be integrated into the labour market. And the trend is rising. In my opinion, it is only a matter of time before the whole thing implodes - worldwide. But until then, the party goes on. At the moment, a turnaround is looming with regard to the USD/EUR exchange rate. This is likely to be due on the one hand to the aforementioned glut of money and on the other to the planned EU debt union. The corresponding chart looks like this: What is left over when currencies are diluted and stocks, real estate and precious metals are pushed to unprecedented heights? Government bonds, which are considered safe, are becoming increasingly risky and do not generate returns anyway. So sooner or later, cryptos will also rise to new highs. On the one hand, because it allows you to hide capital and move it out of the country. On the other hand, because here you find another possibility to diversify your assets and the crypto market has corrected itself "healthy" since about 2 years. Regarding XRP in particular, I can only say that I do not understand their strategy at the moment and honestly wonder why they have not made the big breakthrough yet. I also don't know what is really true about the rumor that they want to create an additional currency anchor together with central banks. I haven't paid enough attention to this in recent months. The XRP chart itself has not changed, however, as the channel boundaries have so far been adhered to. This means that it still points to a crazy outbreak around September. I'm curious, but also cautious, to make another really big entry now (got my stash) - just because of the current dangerous world situation. The best advice is probably to diversify your assets as much as possible and to write off life and pension insurance in your mind. [1] Prophecy of Dr. Paul C. Martin 1987, translated from German: Today is the worldwide day of last-resort lending as described by the English economist Walter Bagehot in the 19th century: All countries will be liable for all countries, all central banks for all central banks, including the International Monetary Fund and the World Bank and many other international institutions. And all countries will stand for all banks, however, all central banks will also face the music for all countries, and all countries for all central banks. All, all, all will be there for all, all, all. And all know, that nothing must happen to anybody, since then it would happen to all of them. Original quote in German: "Heute ist weltweit Bagehot total: Alle Staaten werden für alle Staaten, alle Notenbanken für alle Notenbanken haften, einschließlich Währungsfonds und Weltbank und vielen anderen internationalen Institutionen. Und alle Staaten werden für alle Banken geradestehen, aber auch alle Notenbanken für alle Staaten und alle Staaten für alle Notenbanken. Alle, alle, alle werden für alle, alle, alle dasein. Und alle wissen, dass keinem von allen etwas passieren darf, weil dann allen etwas zustößt."
  10. 16 points
    I think the recaps are great! Thank you for your work Jullian!
  11. 16 points
    Do you remember that campaign strategy "Its the economy, stupid"? With ODL/Ripplenet think "It's the network, stupid" The value of a token is only as good as the network that supports it, which includes all sorts of whistles and bells: exchanges, developers, FIs, APIs, tokens, use cases, cross party software, protocols ...etc. To understand your investment is maturing forget ODL volume and instead watch the network development and adoption. The value will come in after the networks are set up, and the entry of the new investment money might be explosive and unstoppable..
  12. 15 points
    Eric123

    Epic Pennant on BTC Chart

    I think Bitcoin is generally following a similar pattern to the last cycle which would put us a point the equivalent of Midish 2016. Expecting that Bitcoin Retakes the ATH sometime by the end of the year then start it's gradual run leading to a parabolic top in a year or so (12-16 months). XRP really only had one cycle - basically it seems that XRP has long periods of just flatlining followed by explosive growth. Just waiting on the explosive growth.
  13. 15 points
    It's a standard format for payment addresses. Just like name@example.com is a standard email address format, PAYID members have agreed to use name$example.com as a standard payment address format. Just as email addresses can be issued by email or domain service providers, payid addresses can be issued by payment service providers. Just as an email address abstracts away an IP address, a payid can abstract away account numbers or long complicated crypto addresses. Payid isn't a payment architecture (i.e. payid payments aren't made through any specific network), it's just the payment addresses. So it can work for payments between any two parties who adopt the payid scheme and have established payment rails between them. From a UX perspective, this is much much better. You don't have to remember long crypto addresses or account numbers. It also makes it easier to make payments across networks that interoperate. In the current world of siloed payment networks, implementing an addressing scheme for making payments from Chase to a bitcoin account would likely lead to a solution that doesn't generalize. Payid is a general solution. So rather than you trying to pay me from Chase bank account #363552837; routing #222002847 -> bitcoin address 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX the resulting payment flow from a user perspective could look like you$chase.com -> me$bitcoin.com. Pretty. Ripple believes that by removing barriers to interoperability, more payments will naturally flow through crypto which will in turn increase volume through RippleNet and XRPL.
  14. 15 points
    Eric123

    Epic Pennant on BTC Chart

    The Bottom Bollinger Band on Bitcoin's Chart is about to cross the Down Trend Line. This has not happened since September 28, 2016. Bands are tightening. Move is coming probably in the $2K plus range. I think the move will be up - the current economics conditions are just what the doctor ordered for Bitcoin, the post halving purge is over and we are starting the next cycle where price increases. As far as CSW, did you see that last letter that was released on twitter?? It's absurd. It doesn't seem to have been written by someone with a full command of the English language, let alone an attorney. Here is a link to it. https://twitter.com/Excellion/status/1271468034931036160/photo/1 Shorting BitcoinSV is a very good idea in my opinion. I don't want to hurt anyone's feelings but to me BitcoinSV supporters are like Bitconnect supporters were before the scheme unraveled . - Vocal, hopeful, dedicated, naive and soon to be bankrupt. I think most of the crypto community no longer takes any of CSW's claims seriously. The three major ongoing lawsuits in crypto or NYAG vs. Tether, Fraud suit against Ripple, and Kleiman vs. CSW. I think the NYAG's suit is BS and I think CSW's is even less important. The lawsuit against Ripple - when that is dismissed, which I think it will be, that will actually mean something.
  15. 14 points
    Amazon started as an online bookstore in 1995, its history did not begin in 2004 as you decided to cherry-pick the data. It had an IPO in 1997 and was part of the .com bubble in 1998/1999, when every pet store that owned a .com domain mooned like there was no tomorrow. No fundamentals whatsoever, yet every tech stock went parabolic. Just like crypto in 2017. If anything, you can compare the 1999 .com bubble with 2017 crpyto bubble, you cannot just arbitrarily choose 2004 as a start. Here’s a graph of Amazon stock during the .com bubble: There was nothing to justify the price of Amazon during those first years. It went from 1.50 USD to 105 USD in less than 2 years, then fell all the way down to 6 USD in the following 3 years. That’s about -95% from ATH. Sounds familiar? Amazon also had its fair share of pivoting and tipping its toes in different sectors to find its place in the industry. Remember, it started as an online bookstore. During those times, investors doubted it will ever survive. From Wikipedia ( https://en.wikipedia.org/wiki/History_of_Amazon ): “According to sources, Amazon did not expect to make a profit for four to five years. This comparatively slow growth caused stockholders to complain that the company was not reaching profitability fast enough to justify their investment or even survive in the long-term. In 2001, the dot-com bubble burst destroyed many e-companies in the process, but Amazon survived and moved forward beyond the tech crash to become a huge player in online sales.” The bolded text is like Wikipedia describing the XRP Chat forum and all its recent doom and gloom through an article about Amazon in the early 2000s
  16. 14 points
    Anyone parroting about fundamentals in crypto is clueless. Crypto is entirely a speculative gamble and there are no fundamentals. Where are the the revenue, price-to-earnings, free cash flow and earnings-to-growth that fundamental analysis in stocks is based on? There is no fundamental analysis in crypto. You can't base it on hype, POC partnerships of Ripple and the hopium of confirmations in echo chamber investors here and call it fundamentals. Furthermore, it is utterly clueless and moronic to compare Ripple/XRP investment to Amazon hoping it will shoot up like Amazon did from the 2000s. Look at Amazon revenue from the 2000s. It was going up year over year every single year. Their year over year quarterly growth, trailing 12 months over the 2000s look even better. During the 2008/09 recession when everyone stopped building and buying, Amazon was ramping investments to dominate the cloud space for the next 10 years. https://www.datacenterknowledge.com/archives/2009/03/20/amazon-86-million-in-servers-in-2008 Again, right now when most companies are hording cash, Amazon has acquired self-driving company Zoox for over a billion to get ahead of the competition in self-driving fleets and has launched an Aerospace and Satellite Solutions arm to deploy swarms of small satellites encircling the globe to integrate with their cloud offerings. https://www.wsj.com/articles/amazon-launches-space-push-to-drive-cloud-computing-growth-11593489660 Amazon is led by Jeff Bezos one of the most brilliant business strategist of all-time. Meanwhile Ripple is led by Brad Garlinghouse, a corporate parasite from failed DOT COM companies AOL and Yahoo. Amazon innovates, thinks 10 steps ahead, has increased revenue and growth year over year. Ripple hypes meme ideas like xRapid, Coil, ODL, PayID, moves goal posts after failing to deliver and its only revenue is generated by dumping XRP tokens on investors who treat their investment in XRP like a religion.
  17. 14 points
    Here's the new XRP Weekly Report issue, examining why the reset of ODL makes sense - and if you haven't seen Brad's latest video yet, he offers an interesting look back and ahead: https://cryptoking.org/xrp-weekly-report-june-12-2020-why-ripples-odl-reset-is-not-a-bad-thing/
  18. 13 points
    The best target to con, is the confident successful male holding higher social status. They are more prone than the rest (anyone can be conned) to believing that they cannot be conned. I'm not saying that BTC is a con, but I think pushing BTC as some sort of investment or financial product, is a half truth at best. It is not so unlike CMOs were in 2007... Yes all the math works out, and yes it makes a legitimate financial product... like a birthday cake made of baked cow dung, covered with a beautiful math icing. More likely, is that when someone is super specialized (finance), experienced, and higher level in a large org; it becomes easy to grow "theory bound" or "paradigm bound" or basically understand how the current market structures are set up and intertwined so well, that changing fundamental aspects of these industry architectures looks obviously impossible and only a fools errand to pursue. To avoid this trap, I try to look at "new" things and wonder how, "the more things change the more they stay the same" will remain true. In doing that I have observed that... XRPL is simply a "Clearing House". Market Makers/Liquidity Providers are "specialists". Banks will function as what Ripple originally called "gateways". Exchanges are like "Prime Brokers" (they also will function as Narrow Banks, which is a new banking business model not using Fractional Reserve methods) ODL is simply JIT Liquidity, and is the "X as a Service" which is denominated in units of XRP. (Welly S. event thanked me for reminding him of this for one of his quora answers, and amended the answer) XRP is simultaneously like a "Postage Stamp" used to pay for XRPL transactions The servers which host/run XRPL function as the "Exchange", which provides a venue for the Specialists and Brokers to operate. It helps to draw analogies from, the New to the "Old". At the end of the day, the "Old" was set up to accomplish certain core functions. As long as humans/markets exist those Core Functions will need to be accomplished, How they are accomplished is what will change with any paradigm shift. In the end, it is not that these Institutional Investors are stupid, it takes some time to digest that much of what you have learned through out your career, is depreciating as the new paradigm replaces the old paradigm. We are 20 years into the retirement of the Industrial age, and the rise of the Information age.
  19. 13 points
    Gambaard

    XRP Research Collective

    Hi everyone, long time lurker here. Over the last year, I have seen XRP Chat fall into a downward spiral. Whether you personally care or not, the price is not where most would like it to be, so people become angry/leave/only react out of spite. The lambomoonboys are gone, thank god, but it seems that they have been replaced by trolls, Maxi's and general gloom. And that's a shame. XRP Chat is shrinking and the number of in-depth analyses and qualified speculation has dropped with it. That's what I would like to change. I would like to start an XRP Research Collective. A group, here on XRP Chat, of likeminded individuals that would rather research the shit out of topics, than to sit, wait and speculate. It's main goal is to find factual information, with some room for 'connecting the dots' for those who want to. I propose a 5 weekday period of purely sourcing and sharing data on one topic, followed by a weekend of connecting dots between the found information. All participants can vote on what topic to research next. By having a specific goal with a specific set of rules, I think we, as a collective, can find so much more information than anyone could alone. Let's work together and get XRP Chat into a positive spiral again! Topics of research could be: SBI, Coil, US regulation, EU regulation, ODL, Ripplenet partners, ... I think we should try to stay as factual as possible, so that everyone can draw his/her own conclusions. So no articles/video's from the Ripple/XRP Army, only from the source (Ripple official, partner pages, government documents). Figure out where they got their information from, and then find the actual source. Let's keep the hopium to a limit, at least until it's the weekend... Please respond if you have any suggestions for the whole set-up, or if you would like to add a topic to the research list. edit:
  20. 13 points
    The answer is obvious: we are all going to sell our XRP, and then spend the rest of our lives on this forum talking about XRP.
  21. 13 points
    https://www.xrparcade.com/news/ripple-led-payments-coalition-aims-to-standardize-payments/
  22. 12 points
    The last two posters ( @doopers and @Julian_Williams ) represent the good side of this forum. Considerate of others and appreciative and polite. Making points with civility. Then we go to another thread (sadly, nearly any thread) and see aggressive keyboard warriors spilling bile. What a contrast. Sorry for the diversion off topic. Consider it fluff??
  23. 12 points
    Crypto Eri is doing the best job in the whole XRP universe. And she's charming and never aggressive. Even when appalled, she keeps her smile. She should be hired by Ripple as a community manager - because her careful, solid and unwavering approach to deciphering what's going on in the ecosystem is of so much more value to the community and investors than many of Ripple's posts and alerts. Of course those are two different playing levels and fields. Yet Crypto Eri is a reason to keep peace of mind while hodling on to your zerps.
  24. 12 points
    Eric123

    Epic Pennant on BTC Chart

    Bitcoin's Price Action. Bollinger Bands are very tight and getting tighter. The 200 Day EMA just made a Bullish Cross of the Long Term Down Trend Line. The price is right at the Short Term Down Trend Line. As you can tell if you've been following my posts for any amount of time, one of the main things I utilize to determine the direction which the price is headed is the Exponential Moving Averages breaking key Trend Lines. To me the 200 Day EMA movement is a very bullish indicator.
  25. 12 points
    All those publications demonstrate one thing. Do the opposite of what all those publications are writing. It's like CNBC who is silent during a bullrun and start advising you how to buy XRP at the very top of a parabolic when whales started offloading. For the past years they have all been writing continuously that reversals are near, outbreaks are about to happen and yet markets kept tumbling. Since the beginning of 2020 all the media is writing that crypto (XRP especially) is dead, going lower and will never return and yet from technical standpoints the market is reversing. Don't follow mass media, and most of all not bitcoinist, cryptoslate and newsBTC. They are just tools to push retail where they want them to be. 1. Yes, every selling brings downward pressure, but not anymore in the magnitude they want you to believe. 2. Don't listen to retail investors, keep building partnerships behind the curtains, prepare the network and ODL and when the world is ready for it both technically as jurisdictionally it might just have a chance.
  26. 12 points
    That is because you are focusing so much on the size of the volume instead of the flow. Before when ODL carried big payments you just see couple payments move around once every 2 to 4 seconds. Now when you look at it with smaller broken up payments you see XRP flying around like data it is incredible to witness and I can only imagine what it would look like once the corridors start revving up. I have my own theory as to why they have done this and it relates to whale bots and how they increase or decrease prices of Crypto. If you ever observed whale bots at action to lower the price they don't just dump 4 million XRP at a lower price in one or two goes instead they hundreds of bots start selling XRP selling small batches of XRP at a gradual reduced price in small rapid succession across many exchanges to give the impression of a reduction in price that ends up triggering other bots to lower and other traders to sell crashing the price. My theory is Ripple is trying to accomplish something similar except with actual utility and real volume not bots or whale action.
  27. 12 points
    Eric123

    Epic Pennant on BTC Chart

    Bitcoin's price has dropped below the Short Term Down Trend Line which is currently around $9,433. The 100 Day EMA has crossed the Long Term Down Trend Line and the Bollinger Bands are still moving sideways/tightening. Every time I look at the long term chart I become really bullish. The chart looks to be exactly where it should be for the same chart pattern in 2013-2017 to occur again.
  28. 12 points
    https://www.xrparcade.com/news/sbi-ripple-asia-to-go-into-production-with-odl-this-year-and-into-next-year/
  29. 12 points
    https://www.iflr.com/article/b1m2pm9g4n65mk/cryptocurrencies-and-us-securities-laws-beyond-bitcoin-and-ether
  30. 12 points
    That it was not sustainable is an assumption. It was never the purpose in the first place to do internal cashflows for any company. Doing both would be fine ofcourse but I doubt liquidity allows that. When combining the tweets both JK and Asheesh Birla posted it seemed they wanted to implement ODL as fast as possible to prove it works. And internal rebalancing flows were the quickest and easiest. Now they've had more time they can tackle the SME's and direct payments. Those are more frequent but smaller when it ramps up. The point of doing those is that a company does not have to do those internal payments anymore/less frequent. And it builds liquidity faster then having big chunks of payment batches depleting orderbooks every 10 minutes. But as with everything, lets keep an eye on the corridors and liquidity.
  31. 11 points
    LeonidasH

    XRParcade reports

    Introducing the XRParcade reports page: If you missed a few weeks or months of news or you simply want to learn more about past Ripple & XRP developments you can study our reports, covering all news from Q4 2018 to today. Q1-Q2 2020 report coming soon. https://xrparcade.com/category/reports/
  32. 11 points
    Eric123

    Epic Pennant on BTC Chart

    Bitcoin's price has had 40 closes above the Long Term Down Trend Line and 6 Weekly Closes above that line. The 200 Day EMA will also cross that line tonight.
  33. 11 points
    Here's what I think. PayID is a brilliant project. It is still a small piece of the bigger picture, but an important piece because it engages the end-user in a way that totally comes out of left field for a company that is trying to help big banks. Any large banks is going to look at the potential of this and see it as a real challenge to the corporate banking industry. Setting up a PayID server is as simple as setting up a basic mailserver or dns server. The api calls are simple and straightforward, but in its own it is not a complete solution. However, it supports a very important consideration in terms of providing a user-friendly interface that enthusiasts interested in self-custody can use to provide payment pointers that are compatible across a growing set of networks. It is not a full fledged hosted payment solution - but with apps like XUMM you have a credible threat to brick and mortar banking. We already have exchanges adopting the standard - this is the first shot fired across the bow of retail banking. This brings us to two vast industries that can adopt this standard with relatively little effort: Domains registrars and hosts, and retail banking institutions. The domain reseller and host arena provides the ability to enable payment pointer via PayID that you would need to be able to configure in a secure, zero-knowledge environment where you have the ability to securely make changes to your payment endpoint information. Customers get the bonus have having vanity PayID addresses that incorporate their website branding. e.g. "You can confirm we are receiving payment when you see our payment$brand-x.media address in your banking application." And furthermore "Now you can save your payment pointers without having to directly share your account details with another company." And that brings up the third rail who will adopt this rapidly - ApplePay, GooglePay, AmazonPay. These companies already use account proxies to handle pay-by-phone credit card transactions. How much more value added service would they provide by allowing you to add cryptocurrency and other digital asset accounts as payment options for their existing payment app infrastructure? And paypal... stripe... square... They could adopt it as well - who wouldn't want to use their PayID to pay at a store? Particularly with the way payment technology is heading - instead of verifying your payment details on a third party static terminal, more and more payment rails are expecting you to look at your phone/watch and confirm the payment details there. As more phone incorporate a cryptographic chip that enables the phone to act as a digital wallet key. Banks already provide custodial services for traditional banking customers, but as CBDCs roll out and people are introduced to the idea of government issued digital wallets through which tax rebates are issued, benefit programs are issued, etc. The banks know that high worth individuals are going to want insured custody services that are linked directly to PayID maintenance and management. Enter Polysign, who I believe are developing a hybrid of PayID and SAML so that corporations can provide enterprise grade payment options across their organization and even provide intercorporate vertical/logistics payment integration for clients that are determined by smart contracts. By releasing PayID, they are breaking the egg and releasing the chicken - and as more technology companies cage that chicken and make it lay eggs. --- But what then? What company provides a system that allows you to transfer funds in near realtime across different assets and networks? ODL could provide the liquidity to facilitate that middleware between PayID supporting payment applications and PayID supporting custody solutions. Or they could use ILP endpoints. With a system like PayID being easy to use for end consumer and offering the option of keeping all of your payment accounts secure in an API driven payment scaffolding. In the end the fastest cheapest rails will win - especially if and when paying with PayID will give you time and fee estimates for using different currency rails to pay. I hope folks who are reading can see what is happening here - Ripple is laying down insertion points that are appealing to very clear demographics. And once everyone sits in the comfortable vehicle for modern financial empowerment, the value of the banking rails will be demonstrated, the key for ODL and ILP will be turned on, and the amount of XRP in circulation will likely become very handy and likely valuable. At least that's the way I see it. If you are curious how easy PayID will be to use, here's one I just set up for tips to Uphold. :-D jag216$payid.moregeekthanchic.com
  34. 11 points
    AlejoMoreno

    How can we revive XRP Chat?

    The forum will naturally become alive again if the price every finally starts going up. People get tired of talking about all of the developments in the ecosystem when they continue to lose money.
  35. 11 points
    Eric123

    Epic Pennant on BTC Chart

    Bitcoin's 100 Day EMA is crossing the Long Term Down Trend Line - Today. Bullish. In relation to the last cycle, depending on where you draw the Down Trend Line in the last cycle, Bitcoin is the equivalent of anywhere from say March 2016 to Sept 2016 so to speak. Big growth ahead. Would be nice if this also corresponds for XRP.
  36. 11 points
    Caracappa

    have some hope

    You take a short lived, low fiat pump and dump peak in 2013, compare it with flattened out lows in 2020 and say it is bad returns. Then compare it with Apple and Tesla which are currently reaching new aths... That XRP, besides the short peak in 2013 was performing around 0,005 dollars most of the years and went to 3,80 in 2017 is not convenient for the comparison I guess. With your methodology of analysis we can come up with dozens of self fitting narratives. Take away all the peaks and lows, look at it at macro level and price went from 0,005 to 0,20 which is a nice return. That most forgot to buy in time and sell out is their loss.
  37. 10 points
    Eric123

    Epic Pennant on BTC Chart

    Bitcoins price has spent 43 Days above the Long Term Down Trend Line, and Today is the second day above the Short Term Down Trend Line. These lines should support for any possible down turns which I doubt are coming. Looks like the most likely scenario is sideways and up price action. XRP's recent move is encouraging.
  38. 10 points
    Master_of_Brain

    Epic Pennant on BTC Chart

    XRP is approaching the 200 day moving average which has served as pretty stiff resistance during this downturn with only a few short breaks above. Would be a strong buy signal if we get a daily candle close above. On a much longer view, using the logarithmic chart, I would like to see XRP breach the huge downtrend line and this would signal perhaps a new bull.
  39. 10 points
    Galgitron once made a similar post about Ripple having so many XRP that it would be able to boost the price in its favor to support Ripple's vision for XRP, but I made a similar argument in his post that Ripple would run afoul of serious regulations. So, the similar idea in this thread which works on the same principle as interesting as it sounds would likely break the same regulations put in there to safeguard the retail investors. The SECs top priorty is to protect investors, and they do that by going after the investees using existing regulations. Even if large whales and bots are trying to manipulate price, they won't have much affect even if they coordinate across platforms, because ODL locks in the price before the payment is even sent then executes it. Small payments are harder to affect because the liquidity is there to support such payments, and the exposure to volatility at both ends is a few senconds, and the entire payment takes like around a minute to complete or less. Ripple is trying to support the IoV so value can move around the IoV as digital information moves around the internet, which means payments will find the cheapest path in general. It's good to start small, and it's OK to break micro payments into tens or hundreds of smaller payments because the network fees are so low. This promotes organic growth of the network while allowing more liquidity providers to onboard to provides more paths for value to flow through with less resistance, the same way the actual internet works with sending data effeciently. What the IoV needs is lots of nodes for value to flow through, and then XRP pathfinder algorithm will find the path of least monetary resistance. That's why large payments don't work yet, the network bandwidth and a diverse number paths for those payments to flow through for particular corridors in likely not there yet. This is something that should grow organically, like the internet did. SWIFT can't touch micropayments and in the meantime Ripple keeps onboarding micropayment providers and SMEs, so organic growth supports larger and large payments naturally as the infrastructure of the IoV grows so it can eventually support the flow of larger and larger payments as easily as micropayments with the infrastucture and liquidity is sufficiently large. Banks are the last to get invovled because they generally have the largest payments, and very highly regulated, and most banks already are part of a system called SWIFT which has been around for a long time. If Ripple and ODL can prove itself for small payments and grow organically unchallenged by SWIFT and have this snowball effect of increasing payment sizes and participants, then it allows the IoV to support larger and larger payments without slippage or outside manipulation, then we'll see larger businesses like SME's taking a chance with this system, then the same approach is applied to SME's so growth continues organically until it is able to support small banks and then continue on to larger banks, most of which are in SWIFT. This is just an opinion, but it's nice to see in this thread all these different ideas being bounced around because we can discuss them at length and try to figure out the pros, cons, and feasibility of various approaches, trying to gain more insight into Ripple's plans.
  40. 10 points
    Eric123

    Epic Pennant on BTC Chart

    I cleaned up the chart. Well Bitcoin closed out the month above the down trend line for the second month in a row.
  41. 10 points
    Eric123

    Epic Pennant on BTC Chart

    Bitcoin's price has now spent 33 Days above the Long Term Down Trend Line on the daily chart and the 200 Day Exponential Moving Average is now crossing above the Down Trend Lines on the Monthly and Weekly charts. On the Weekly Chart Bitcoin's price has had 5 weekly closes above the Long Term Down Trend Line. The month closes out tomorrow and it looks like we will get our second monthly close above the Monthly Down Trend Line.
  42. 10 points
    https://www.xrparcade.com/news/ripple-launches-payid-invoices-and-subscriptions-demo-page/
  43. 10 points
    Sukrim

    How can we revive XRP Chat?

    Ban Coil content.
  44. 10 points
    Eric123

    Epic Pennant on BTC Chart

    Bitcoin has spent 21 Days above the Down Trend Line. Bollinger Bands have flattened out, will tighten today from the looks of things. Last time the bands were this tight was April 22 as noted on the chart. A big move is imminent. Nice to see a little green for XRP today.
  45. 10 points
    https://www.xrparcade.com/news/volantes-platform-can-be-used-to-settle-through-xrp/
  46. 9 points
    Eric123

    Epic Pennant on BTC Chart

    Same Sideways Movement. Next event will be the 200 Day EMA making a bullish cross of the Long Term Down Trend Line. Should happen around July 8th.
  47. 9 points
    Eric123

    Epic Pennant on BTC Chart

    22 Days above the down trend line. Bollinger bands have flattened. Still waiting on the move. @JannaOneTrick Thank. Bob Loukas says some interesting stuff. I disagree with him on a few points. I don't think we break the downtrend line, so I don't see a low in July of possibly $6k to $7k a pull back is certainly possible but I doubt the price goes below $8,500 if that even happens. On a longer term cycle I think the growth in the industry would favor against a long term bear market which mirrors the Nasdaq. But it's all speculation and Bitcoin always surprises. If we get a strong break out above say $11,000- $12,000 then everything kinda changes.
  48. 9 points
    Eric123

    Epic Pennant on BTC Chart

    Nice to see the Down Trend Line held as support. This is still sideways movement. Think Bitcoin whipsaws.
  49. 9 points
    Elysium2030

    Where's Hodor?

    Sad but true. I have always believed in Ripple but if I take a really rational approach and don't dream of being a millionaire tomorrow, then the result is sobering and there is no reason to believe in the big change. Be honest. Ripple Labs exists since 8 years(!!) - at the end of 2019 there were 534 employees. They are still looking for the usecase for XRP, ridiculous amounts of money are flowing through the payment network, the number of customers is manageable, the ODL flows have collapsed, Progress looks different. For comparison Facebook had after 8 years on the market over 5 billion USD turnover and over 4500 employees. Ripple, on the other hand, is not getting off the ground and the list of excuses of the fanboys (no regulation yet blah blah) is getting more and more embarrassing. What have I gone through? SBI Blink of an eye, Bakkt is getting huge, the Xrapid/ODL flows are getting bigger and bigger and you will break away from BTC. It's all bullshit. Even the biggest FUD "BANKS WILL NEVER USE XRP" is absolutely valid today. What should I believe in? I don't believe in anything anymore and Ripple Labs makes it really easy - they have been producing lies and shit for 3 years. Embarrassing marketing wishy-washy without growth and hope for every single XRP owner. Also the other day: Brad's 2 weeks old video to the staff, which was only an embarrassment because of the ODL break-in. The company is a small software company with a failed product with no customers - let's see when Brad unpacks the next stalling lie.
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