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  1. It's time! SWELL is about to start, and I cover all the news leading up to the conference. For those that want a detailed explanation of Multi-Hop, it's in there! A lot has happened in the past week, and I hit on all the major points, including Ripple's testimony at the Library of Congress, the hiring of a lobbying firm, the latest about the Japanese Money Tap application, and Ripple's new philanthropic endeavor. In addition, I cover XRP Community developments as well, including a new tool for Codius hosts and the usage of XRP for a Belize-based ForEx platform. I hope you enjoy this latest blog entry & please leave any feedback below. Feel Free to share my blog with a friend or on any other platform you wish - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
    39 points
  2. As the network is still new and growing rapidly, the committee makes sure RippleNet maintains efficiency as well as its nimbleness to remain innovative. You can learn more about the RippleNet Committee here.https://ripple.com/ripplenet-committee/
    30 points
  3. When XRP becomes #1 the news channels will refer to it as "the next Bitcoin". People who have never heard of XRP before will see the price is still low at a few dollars and invest in it. The FOMO will be crazy.
    14 points
  4. What does it even mean for the number of coins to be 'enough' or 'not enough'? It's a denomination. XRP is transacted in a unit called 'drops', there are 10**17 drops (1 XRP is one million drops). Prices for other things can be quoted quite accurately in drops. The burn rate is unrelated and is such a small factor that it can be completely ignored. It won't go under 99B XRP in our lifetimes. Should the system be in such massive use that somehow pricing in drops is no longer accurate enough, the ledger could be patched to increase the number of decimal places (i.e. 1 old drop = 1 billion new drops) to solve this issue more or less permanently. The number of coins does not influence the ability of the price to go up or down. The price reflects the valuation of the entire ledger. If there are 100B coins, it only means each coin costs 1/100B of that valuation. The valuation itself still changes based on shifting expectations that crypto traders have about the XRP ledger. If there are bad news and valuation drops 10%, the price per coin will also drop 10%. Doesn't matter if there are 100B coins or any other fixed number of coins.
    10 points
  5. If they run out, I'll still have mine to sell them......
    9 points
  6. At twenty to four in the morning, I had intended on watching some p@&n to help me get back to sleep. After that pic, I’m all good now. Nite.
    8 points
  7. Since his visit to Ripple HQ, he must know something we don't know (yet): From calling XRP "in the garbage" to sort of XRP army leader - quite a change.
    8 points
  8. So where from here? Here's a roadmap with more fantastical thinking: It took 113 days from the August rise to the December run for ATH. 113 days from last week: EOY. ~January 9th And how much of a move up was the actual bull run to ATH? 1236% Where would a move like that put us? we broke out of last years trading range from the bottom of the resistance zone: Breaking out from the low end of the resistance zone at .62 and going up ~1236% puts us at a new ATH of 8.32. This post is purely speculative, 3 months out is a long time to predict price movement. the OP though I'm going to be watching closely.
    8 points
  9. This is a pure speculation thread but I thought I would be interesting. Is there a point (in price, volume, utility, etc) where you think BTC speculators en masse could begin to move to XRP? What do you guys think? A few inflection points that come to mind: 1. XRP takes over #1 spot on market cap. 2. A certain XRP price is reached that inspires such media coverage and/or FOMO that it starts a mass movement. I would guess this could be somewhere around the 7 or 8 dollar mark, depending of course on the relative price of BTC. 3. Utility usage that is very obviously having an effect on the price. 4. A major, crippling issue with BTC. 5. Major exchanges start to turn heavily away from BTC towards XRP. Can you guys think of any others?
    7 points
  10. Oh my.... If you zoom right in on that chaps glasses, you can see the reflection of the window.... and in that (you'll have to flip the image as its backwards) you can see the reflection of a laptop screen... all it says is 589.
    7 points
  11. Disclaimer: the lengths of time discussed here are general timeframes not meant to be 100% accurate. I don't have a crystal ball, I just look at trends and patterns to be aware of and open to these possibilities. So many things could change between now and EOY. The price action over the last week since the jump from ~.30 to ~.75 has reminded me of some price movement from last year - just not the december bull run. It's reminded me more of the August 24th pre-swell hype after xrp/usd bottomed around .15. With the big bull run, we easily outgained the previous ATH. Like last august, that's not so this time, instead we've hit resistance at the level where we saw major support during the bear market/correction phase, and we started a trading range: With major support around .17, and resistance in a zone of ~.25-.30, we attempted to break through the resistance several times before finally doing so in early december on HUGE volume. What I'm watching right now: We've just hit 11 days on the fractal. Last august, when 2 attempts at breaking .30 failed, we scooted back down to the bottom of the trading range, to about .17, marking a higher low, and starting what could truly be considered the end of the downtrend. I'm going to be watching our push/attempt at .60 here as we hit 11/12/13 days since the drastic rise: If we break down below .50, I'm guessing we see a slide down to support, around .31. I wouldn't be surprised to see a wick extending down to around .25. Interesting to note that the zone of support we've found in the last few months is exactly the same as the zone of resistance we broke out of before last years run to ATH. Our current resistance zone I'm pegging between .50 and .62 - we were so overbought for that brief moment of going up to .78 that I think it makes sense to consider that an outlier. We're trying again to crack out of this zone now, but I don't see anything in the volume at the moment to make me think it's going to happen on this push, so I'm guessing this move down to the low .30s is coming. Now I'm just watching the market and waiting for a clear signal either way. I'll be paying close attention to swell announcements and any dips towards .50.
    6 points
  12. We are fully Taking Over? https://zycrypto.com/ripple-xrp-might-soon-permanently-take-over-the-2nd-spot-in-market-capitalization/
    5 points
  13. Haha, can you imagine. They all just sitting there sending a billion dollars to the person to their left... until the music stops.
    5 points
  14. Surely, these names don't mather that much, do they? I've been doing alot of investigating on Reddit, and a guy called bubblebeard684 says Ripple is a scam.
    5 points
  15. Like Saul’s conversion on the road to Damascus: some of the most impressive testimonies sometimes come from those who were once the most outspoken critics. (I’m certainly not comparing XRP to Christ, but just saying that these sort of high-profile converts can make the most zealous promoters.)
    5 points
  16. I think it's inevitable. Go to /r/ethtrader and all I hear is that it will take another year of development to make ETH production ready for commercial ventures. It's too slow, it's too expensive. It's middle of the road. It became popular because of its smart contracts, but Codius is just way better - developers can use any language, use any crypto as a means of currency....on an infrastructure that can scale up (ETH just cannot scale). Can anyone name me an ERC20 token that's scaled up and being used commercially?
    5 points
  17. I remember that "throw it in the garbage" quote....honestly, it sounded horribly staged. CNBC is pure theatre. It's 100% bullsh!t. It's been said a few times that CNBC can be used as an extremely reliable contrarian signal. I just hope they don't tell us to buy XRP...might be time to off-load it.
    5 points
  18. Is 100,000,000,000 slices of this apple pie enough? When i first got into pies, without fully knowing my mom's game plan for this pie, i remember thinking that 100,000,000,000 was a lot of slices and that the total size of the pie would have a difficult task to increase due to the large number of slices. But, these days, the more I learn about apple pies and Entenmann's plans, along with peach, pecan, and lemon meringue..... it has got me thinking that 100,000,000,000 may not be enough slices, especially with how hungry I am etc, and when apple pie becomes the standard, all of a sudden 100,000,000,000 becomes a small number of slices. I guess my question is, the eating rate of apple pie affect the performance of pie over time as the total amount of slices gets less and less? or does this purely increase the number of apples per slice as there will slowly be less of them? ____ The pie gets bigger. The number of slices is meaningless. The number of apples in each slice is meaningless. Look at the size of the pie. A slice gets bigger at the same rate no matter if there are 2 slices or 100,000,000,000 slices. The number of drops is totally meaningless for the same reason. You're just subdividing slices. The value of a drop and the value of one XRP increase at the same rate as the value of the whole pie. The only thing that matters is the size of the pie.
    5 points
  19. https://xrpcommunity.blog/a-complex-adaptive-global-financial-system-topology-fractal-scaling-and-time-as-leverage/ Edit: I said I would do a video walk through on this write up to try and add more color around some of the ideas. So, I hope this helps, and if it does, then I will do one for my other write ups, and a couple other topics I have not yet elaborated on.
    5 points
  20. Thanks again for your interest in Swell. We are excited to post recordings for most sessions. While they won’t be live, we plan to publish them within the same day. To tune in, please visit Ripple Insights or follow along on Twitter for timely highlights. Unfortunately, we are not able to publish the session with President Bill Clinton and Gene Sperling. We appreciate your support for Ripple and hope you enjoy the program. -The Ripple Team
    4 points
  21. https://ripple.com/insights/swell-2018-kicks-off-tomorrow/
    4 points
  22. https://solid.inrupt.com/ Looks interesting, wonder how comparable it is to Enigma? One of the Ripple guys mentioned something about "open source services" recently. That's what this sounds like to me. I remember it being in a Codius smart contacts context.
    4 points
  23. 4 points
  24. It will never happen. BTC will be numero uno in crypto for decades. Sorry guys.
    4 points
  25. We can’t tell you. But if we could lean in, I’d say the price needs to increase and we’ll speak about drops rather than whole coin
    4 points
  26. Fasten your seabelts, I got great news ! Tomorrow at the Swell event Ripple will present their new product : XSocket ( insider information confirmed by BG123 ) I found the 800 pound gorilla. No more queue at the multi socket to charge your laptop. Ripple is now able to connect all the laptop around the world with just one multisocket call Xsocket. It will increase the TPS at over 90^589 if we compare to the 1500 TPS before this is a great improvement. And yes It will use XRP ! Just one multisocket for the entire world. It lengh around 12,8 kilometers and weight 2 tons. Nobody noticed it in the ledger ! We are so blind that wasnt Xrapid but Xsocket that increased the volume and the recent run. You don't believe me ? Well, here is the proof and she works already :
    3 points
  27. Hi all, I posted something similar to this last year about how news does not move the markets in the way that people think. Link here I won't repeat what I said there, but I want to try and disabuse some posters of their ideas about how the market moves. I think it will be helpful in the long run. First, ask yourself this: is a person with very deep pockets going to hear an announcement from Swell and say "Wow, I didn't know that!" and immediately drop millions of dollars into XRP? No, that's not how (smart) rich people use their money. People with deep pockets are in crypto long term. They accumulate over long periods and they pump quickly and sell quickly. Then they accumulate again. That's the name of the game in crypto so far. Look at any of the alt charts. Most of them are right at the bottom. If you have the money to make a BTC bullrun happen, why wouldn't you also make an OMG bull run happen? You would if you could. It's the easiest money you'd make in your life. But it takes a few months of preparation to execute. So sudden price action is not caused by rich idiots suddenly waking up and clicking a massive buy. It is part of a larger process. I think one issue with understanding this is that people are way too zoomed in on the price action in short time frames. People are obsessing over hourly candles, and think whales will pump and dump hourly candles. Some might, but most won't. Their processes are way, way longer than that. Furthermore, the markets themselves are fractal. This latest spike is connection to a bigger spike which is connected to a big spike. Go and look at the Amazon chart. Or look at the BTC chart. This example always blows me away. This was the end of the BTC bear market and the first tremor of the bull run: which eventually turned into this: If the price moves after a Swell announcement, it will be part of a process that has been going on for months and years, and will continue for months and years to come. What will really move XRP upwards is the accumulated strength of utility, investment, and speculation. It won't suddenly happen because xRapid is 'turned on' or Ripple announces that are partnered with Amazon or something. One more thing: if you want an example of a 'fake pump' designed to pull suckers in, look no further than the BTC ATH: The difference between then and now? This pump was the right at the top of that massive spike on the Weekly chart. That's when you wanna get suspicious. tl;dr: the biggest whales migrate thousands of miles to breed; don't forget the long game
    3 points
  28. Testing before going live tomorrow?
    3 points
  29. Every time XRP crosses the threshold the market puts us back in our place. I truly feel like the big players are strategically selling in the market right now. They are doing it slow enough that they aren’t impacting price and I believe that in the next 48-72 hours we see a big drop. They are using Swell to pad their wallets. I sold all of my holdings over the last 18 hours. I will wait for the next 3-5 days to see what happens before wading back in.
    3 points
  30. This is why the depth of markets matters. Here is the current USD.Bitstamp market's depth. If you are doing a $600k payment from USD to EUR, through XRP... 1) You would be selling USD and buying XRP, so on the USD:XRP orderbook you would move the market price up to about a $1, chewing through all the Asks in between current market price of $0.55 to get the full $600k trough. 2) Move the XRP to Euro exchange... You will be selling XRP and buying EUR, so looking at the depth on the Gatehub Euro orderbook we see... 3) So you would be selling XRP and buying EUR, so on the EUR:XRP orderbook you would move the market price down to about a $0.40... or off the chart really, there is not enough liquidity in that orderbook to move $600k, because you would be chewing through all the Bids in between current market price of $0.55 to get the full $600k trough, and this orderbook only shows $120k of liquidity or deapth on the Bid side. My guess is that Ripple has "Market Makers" and "Liquidity Providers" who will help these markets grow in depth, in addition to the liquidity provided by Retail Trading activity. xRapid is an API integration at some level. So as a service, it has info on all the orderbooks on various exchanges, so I would think it would have the ability to break up a payment and route it through various exchanges at once, to find the cheapest liquidity or path for the full $600k payment. I have not seen any details on how they are getting this done, so if you have info please share.
    3 points
  31. Delectro

    Let us FOMO

    Ain't no laws against it! Why not buy as much XRP as we can before EOY? Why not do it? As long as you don't invest more than you can afford to lose then it must be a win win situation right? Ya'll and I know that this is a revolutionary change in payments and yes, we all know this is where the people are headed so.... What ya waiting for? Polycarbonate Kevlar? Oh wait...
    3 points
  32. Let's get one thing straight, Fiat money will not go away. There's not a single person in here that prefers going back to the old days of bartering for goods and services. Purchasing goods and services with a universally accepted currency brought us economic booms and a coherent system of accounts that nevertheless has flaws but the advantages far outweigh the disadvantages. One of the biggest disadvantages of physical fiat currencies is the cost to maintain its infrastructure. Physical cash needs a network of support that cost money to maintain. Bank branches cost money to build and money to maintain from staff wages to maintenance repairs and upgrades. These inefficiencies are one of the key reasons that many remain unbanked and the unbanked are not a third world problem, they are everyone's problem. Estimated 1.5m in the UK remain unbanked. The UK is ranked 9th in Financial Inclusion by the World Bank. A country with one of the biggest digital economies. http://www.financialinclusioncommission.org.uk/facts Estimated 65% of the UAE population is either unbanked or under banked. The country's financial infrastructure caters to around 30% of the top earners. https://gulfnews.com/business/sectors/banking/with-millions-still-unbanked-one-mobile-wallet-aims-to-cater-to-the-many-not-the-few-1.2233492 Those are two first world countries to name a few with more money then sense and yet have the same problems as a farmer in the middle of Tanzania. How do you bank the unbanked in a digital world efficiently? Enter Smartphone stage left. In 2017 the UAE central bank brought together 16 of the largest banks and launched The Emirate Digital Wallet offering basic banking and financial services to everyone through their smartphones. The UAE however is not the only country moving in this direction. China went from physical cash to mobile payments and completely skipped cards in favour of QR codes; Japan and its banking consortium is also moving in the same direction; India is another country on the list venturing into digital fiat to combat fraud and counterfeit. Ripple has positioned itself quite well in the industry, connecting the digital financial silos that are being created as we speak. Check out the image below of the UAE banks that are involved in this new digital wallet, recognise some of the names? Links- Emirates Digital Wallet - http://www.edw.ae/ Digital Wallets Are On Their Way To Save The Asia-Pacific - https://www.forbes.com/sites/haroldstark/2018/01/03/digital-wallets-have-come-to-rescue-asias-unbanked-population/#7a64b7f36682
    3 points
  33. This is the dumbest article I've ever read. It literally sounds like someone write this while they were on crystal meth
    3 points
  34. If just if the burn rate would be as high as 1 m per day that is 365 m a year that equals to 3.65 b in 10 years. I don't think the burn rate will affect the price that much
    3 points
  35. The sooner humanity is free from the tyranny of bloated and bureaucratic government the better. I absolutely despise these regulatory bodies as they destroy - and even kill - far more people than they help. The SEC is already destroying so much innovation in this space, and they haven’t even issued clear guidance yet. The waiting / indecision alone is all it takes for the US to be left far, far behind. Idiocy.
    3 points
  36. Yes, very VERY much so. I think because of its complexity it will be a few days before mainstream crypto & payments media will pick this up and realize the impact of this, but this is the Cambrian explosion Chris Larsen was referring to (and is about to kick in), as also the momentum building that Brad Garlinghouse gave a heads up for. I guess it will be explained further during Swell next week and banks not yet connected to RippleNet will get in line to do so. All efforts and pieces are falling right into place here, from ILP to xCurrent to xRapid to XRP to regulatory relations to Market Makers. What a champions team Ripple has. btw I recommend this thred of our own @galgitron which gives some clarity also
    3 points
  37. Please can someone explain to me why XRP could not be a future stable digital asset that can be used as a store of value. Xrp has the potential to benefit from global trade deals that span over 5 years. All payments for products and services within the agreement can be tied to a Smart contract that would factor in gold, silver copper and even iron. The payment for the transactions would be settled immediately using xrp. The volume for the transactions would be scheduled via smart contract for global commercial and Industrial payments for heavy machinery and specialist equipment. I think the Belt Road initiative will complement xrp and the Ripple the company, not just because of SBI Asia, but because of the banking partnership and significant amount of Business Development Ripple has undergone with clear roadmap within their team, to be honest it couldn't be any better at this point in time. Ripples willingness to work with the political spheres maybe the Ushering of global trade agreements in the geopolitical sphere, ESPECIALLY within the S.E Asia corridors, and....a strong Asian partnership in SBI and MUFG with both having strong sway with banks in Indonesia, Malaysia and around this region, needless to say Ripple may get the Bri shipping route for volume. With trade agreements smart contracts instant settlement and seamless trackable transactions, is it a little bit hard to think xrp could be a stable token, GUYS.... anyone #xrpthestandard baby... ?. Okay, but seriously now, due to the nature of the potential global trade agreement in smart contract format the xrp looks like stability was always in mind. I believe that it will still increase in value over time with the amount of on-ramps and the sheer amount of development going on in universities that Ripple has sponsored.... (and the rest). I see the banking system using smart contracts utilizing gold, silver, copper and or iron (could be dreaming here, could be dreaming) scheduled release of payments would be settled in xrp and the payment for gold silver copper or iron will be flown out when the time comes. There smart, I'm sure they'll figure somthing out. Due to of the nature of the metalic standards, and using these methods of standard, global trade volume flowing through smart contracts, using xrp it definitely look more on the cards. (Ummmmm, could be MILES off) ....AIIB, i think they'll have some of the action in the bri projects, but between me, and this post, I think the banking system will make a stable xrp, cos they CAN IF THEY REALLY WANT. The on ramps and development will still increase the price. How many uni's... Jeeez! Is this a reality ... a stable XRP?
    2 points
  38. https://www.newsbtc.com/2018/09/28/ripple-leads-group-of-firms-to-convince-us-govt-to-implement-friendly-crypto-policies/ "A group of major players in the crypto and blockchain industry have joined forces to pay D.C. lobbyists to ensure that US lawmakers pass legislation that is friendly to the crypto and blockchain industry. The group of fintech firms that are joining forces will be paying the lobbyists partially in crypto, and includes Ripple among other, smaller, startups. The announcement first came on Thursday, when the coalition announced that they would be retaining Klein/Johnson Group, a bipartisan lobbyist group that focuses in FinTech issues. The group clearly feels threatened by the current climate surrounding the United States’ regulatory agencies, like the Securities and Exchange Commission (SEC), who have been moving to crackdown on ICOs and fraudulent cryptocurrency projects, treating them as though they are securities rather than commodities or special assets. Currently, there is a divide within the US government as to how to best regulate the cryptocurrency industry, with major issues surrounding the definition of different types of cryptocurrencies, which largely fall into the categories of securities tokens, utility tokens, or commodities. The new group is calling themselves the Securing America’s Internet of Value Coalition, and will be the main force driving and funding friendly legislation coming out of D.C. While speaking about the new coalition, Ripple’s executive chairman, Chris Larsen, said: “We understand this [cryptocurrency/blockchain] is really complicated, and there is a lot of misinformation out there. The good news is there is a lot of interest in this topic in D.C.” The coalition will be paying the lobbyist firm $25,000 per month in addition to 10,000 XRP, which will be treated as a cash payment in all disclosures to federal lobbying firms. Larsen said that the decision to pay the firm partially in cryptocurrency is strategic, as it gives them some skin in the game, making it profitable for them to best represent cryptocurrency (and more specifically XRP) in front of legislative authorities. “It gives them some upside and gives them some risk. Hopefully it gives them a taste of the industry in a way that hits home,” Larsen said... ...Having well-spoken and convincing lobbyists in D.C. that could help produce friendly cryptocurrency legislation is positive for the entire market, as investors are increasingly keen on how regulatory authorities react to products like the Bitcoin ETF and upcoming cryptocurrency exchange, Bakkt."
    2 points
  39. On a side note, the breakout including the price behavior following our earlier peak (80c) has been behaviorally consistent with previous xrp bull runs. Watch the price behavior, retracements and upwards consolidation behavior of the three phases of our December bull run:
    2 points
  40. So, each xRapid bank implementation potentially represents a whole region, and Brad said one will go live this year, and potentially dozens by the end of next year. Correct me if I'm wrong, but this seems like it could be exponentially bigger than people previously thought.
    2 points
  41. My chart keeps terminating at real time. Does anyone know where I can get a chart that shows tomorrow's candlesticks? I'd even settle for one that shows me 10 minutes from now. I'd be happy to pay you for it. For example, I'd give you my house, my cars, 100% of the shares of my businesses, all bank and brokerage account balances, even my dog. Anyone?
    2 points
  42. 2 points
  43. Posted this one in Other Press, delete my thread if needed mod.: https://www.bloomberg.com/news/articles/2018-09-27/cryptocurrency-coalition-to-pay-d-c-lobbyists-in-digital-coins Quite the step, money changing hands, but the lobbyists also accept assets.
    2 points
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