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Showing content with the highest reputation on 01/11/2019 in all areas

  1. 21 points
    Impressive speakerlist most important on page one ;-)
  2. 20 points
    Maybe I'm missing something, but isn't this exactly how we all knew xRapid was going to work?
  3. 15 points
    ** 40+ Companies using, accepting or testing XRP (xRapid, Ripple)** Great to see XRP ecosystem is evolving 😎 All confirmed xRapid partnerships in one place: www.stedas.hr/infographic-companies-using-ripple-xrp.html
  4. 12 points
    Dear XRPChat users, Greetings! This is Bitrue Exchange (www.bitrue.com). we have shared our news about on-boarding all XRP trading pairs in 2019 before. Now we have supported 9 New Trading pairs from Jan. 1st. including: TRX, XLM, NEO, GAS, OMG(have been added 1 week ago), HOT, NPXS, DNT and PRO. Bitrue will keep listing new coins & tokens in the next few months. Please do not hesitate to tell us your expected trading pair. The more popular the trading pair is, the sooner it comes live. Keep running XRP!
  5. 9 points

    India is coming

    Old statement from Birla. These news from tuesday: https://www.pymnts.com/news/b2b-payments/2019/india-cryptocurrency-corporate-treasury/amp/?__twitter_impression=true Top corporates and banks in India are reportedly testing out the use of cryptocurrency to pay vendors and move money between subsidiaries, said the The Economic Times. And today these news: Oh man... this is exciting
  6. 8 points
    Hi Daniel - some of the mods have discussed this and we'd like to better understand what this is trying to achieve. On first glance, it makes very little sense to create a fork of XRP so we have to ask the following questions in the interests of other members who may not be as knowledgeable: Who are the developers and business owners of Vokez? Please provide us the details of the other projects they have worked on. You claim that The State is a security token platform that will empower companies, projects, and organizations with the ability to legally raise funds. In order to do so, you will have to be legally established yourself so can you please tell us (A) where your company is established, (B) which jurisdiction/s you are operating in, and (C) company numbers and registration details. As you are very well aware, this market is filled to the back teeth with charlatans and neer-do-wells. I don't want to appear rude but the above quote sends red flags not helped by the fact that you've only opened your Github Repo a few days ago so we are hoping you can demonstrate your bona fides regarding what appears to be a very unusual venture.
  7. 7 points
    I think many of us missed the latest XRP statements from Mr. Yoshitaka Kitao, CEO of SBI Holdings: - In 2019 worlds 20 TOP global banks will be using XRP - MoneyTap, a consumer-focused blockchain money transfer app built by SBI Holdings will utilize XRP - The benefits of R3 Corda and their smart contracts and when you combine that with XRP you can go beyond international remittances Check out the video from crypto Eri in below. The best part starts at 2:54. Please read the Youtube description and note that these bullish XRP statements has been translated from Japanese. I have no idea how trustworthy the source of this is. Yes. I feel you. It sucks that the price of XRP is still so low and who knows how long it will stay low...
  8. 6 points

    XRapid ONLY uses XRP as counter currency

    If you are referring to the thread title "XRapid ONLY uses XRP as counter currency" then perhaps there are a couple of points that are relevant. a. it should be xRapid and not XRapid (I mean, if you really want to be pedantic about nomenclature as well) b. the position of "ONLY" in the statement does not convey any significant meaning and could be better worded; note the following variations: i. "ONLY xRapid uses XRP as counter currency" - this means no other systems use XRP as counter currency ii. "xRapid uses only XRP as counter currency" - this means that xRapid does not have any other counter currency except XRP" iii. "xRapid uses XRP only as counter currency" - this means that xRapid does not use XRP as anything else besides the role of counter currency" iv. "xRapid uses XRP as counter currency only" - same meaning as point iii Or are you referring to his references to XRP as the base for xRapid transactions while simultaneously citing it as the counter currency? Specifically he used the term "the base" and not "the base currency". I believe the point that he was trying to convey is that XRP serves as the basis for all transactions in xRapid. That might be the bone of contention that you have with his statements. Regardless of whichever you are perturbed by, the issue seems more related to grammar than it is to semantics. I think we are all here to focus on XRP and not on English grammar. While the latter is important since improper use of grammar can create misunderstandings, we are neither linguistic experts nor English Language professors so our discussions serve to convey and subsequently refine the semantics of our individual stance on various XRP-related topics and we need not be too worked up over syntax. As many of the (somewhat heated) conversations you have had with other members have clearly demonstrated, the focus on syntax can be backfire by distracting from the essence of the original threads. Let's learn to forgive and be more tolerant of one another's shortcomings while celebrating our collective strengths!
  9. 6 points

    India is coming

    Debunked unfortunately:
  10. 6 points
    This is what I have written about this on our Discord today... ”Banks use software only for trading and ledger only when money moves in or out of their bank or consortium. Orderbooks are used in-house and XRP is owned by that unity. Giving value to all currencies they operate in one central exchange. And only when operating with other bank, XRP needs to move. Other than that, it just stays there and gives value to transactions One step in, one step out. If someone uses fiat in that system as base, it can’t be executed since it would give arbitrage to it, because it is on wrong side of the ticker. Using XRP only blocks that, when there is only one market globally in many exchanges and xRapid sources liquidity everywhere and routes payments using cheapest option. That closed ledger is just an orderbook where all related banks use XRP to convert fiat to fiat inside their banking network. Like Santander that operates in many currencies uses it as one pool of liquidity to transfer the whole value to another account in another currency. All those banks own some portion of that XRP but they pool it to be used where it is needed. Balance sheets show the total possessions for each bank whenever they want to settle that situation.” this is extremely good news for us and for banks, since the more they make cross-border payments inside their own banking network in many currencies, the bigger the savings when they hodl enough XRP, because they save the cost and time of entering ledger. Transactions and transition of value are in milliseconds, XRP is not burnt at all, and TPS can be as much as their trading software can handle, but easily hundreds of thousands per second. This makes banks want to buy and hold XRP because everything is valued in XRP and not in any fiat. XRP as counter currency, as The Base, means that it is needed always when making a conversion because counter currency is the ONLY used asset whenever something needs to be bought. XRP the Standard
  11. 5 points
    Click bait title as I think the debate is still ongoing but from the latest guidance issued by ESMA then XRP is heading towards the 'not a security' bracket. Here is why: https://www.esma.europa.eu/press-news/esma-news/crypto-assets-need-common-eu-wide-approach-ensure-investor-protection Download the advice on crypto assets: https://www.esma.europa.eu/file/49978/download?token=56LqdNMN On page 5 at paragraph 6: 6. The outcome of the survey highlighted a NCA majority view that some crypto-assets, e.g. those with profit rights attached, may qualify as transferable securities or other types of MiFID financial instruments. The actual classification of a crypto-asset as a financial instrument is the responsibility of an individual NCA and will depend on the specific national implementation of EU law and the information and evidence provided to that NCA. The results of the Survey made clear that the Member State NCAs in the course of transposing MiFID into their national laws, have in turn defined the term financial instrument differently. While some employ a restrictive list of examples to define transferable securities, others use broader interpretations. This creates challenges to both the regulation and to the supervision of crypto-assets. XRP has no profit rights attached to it. Therefore it is not a financial instrument under MiFID or a transferable security. Well done Europe for the common sense approach. Over to you America....
  12. 5 points

    EBA reports on crypto-assets

    The European Banking Authority (EBA) published on 9th of January the results of its assessment of the applicability and suitability of EU law to crypto-assets. Link: https://eba.europa.eu/documents/10180/2545547/EBA+Report+on+crypto+assets.pdf
  13. 5 points
  14. 5 points
    I went out with two cousins once (not at the same time, that would be wrong) oh and not my cousins, that would be wronger, one was short and the other one was umm, well shorter. This thread above my pay grade, where's my truck After reading this thread again and trying to get a handle on these financial guru's I've realized my mistake, I went long on the short one and shorter on the short one , it should have been longer on the short one and shorter on the short one
  15. 5 points
    yep and the fact that they did put just Brad and this SWIFT guy on stage with a CNBC moderator means that Ripple has gained a lot of credibility in that space. Also among all the official tweets coming from the forum they mentioned just here not to miss this panel.... Means something with all those high level speakers....
  16. 5 points
    Now you noobs finally understand how xrapid works
  17. 5 points
    No they're not a partner they are a member of SWIFT and the GPI update was compulsory for all members. They can't just switch off their operations and move to Ripple in the blink of an eye.
  18. 4 points
    I have been blown away by the community for Ripple and XRP and most of the people involved with it as fans/supporters. In all my years of Investing, outside of a couple active FIRE message boards. I have never come across a group of people that can discuss plans and details and pros and cons of each other's ideas with the level of clarity and attention to detail presented in many posts. Most of us all seem to be relatively long term investors, and are rowing in the same direction. I don't have much time to post, and so I have to lurk, and many discussions get resolved with me not having the time to reply. I am only a little more active on Twitter because it is easy to like and retweet something, or make a short comment. We all want to see Ripple succeed and for xrp to be utilized in hundreds of different ways for the benefit of millions of people and helping move billions to trillions of dollars. The oft mentioned Internet of Value is going to be the catalyst for opening up whole new avenues of growth and profits for companies all over the world. We are the ones helping to build this. It is an honor and a privilege to be a part of this endeavor at such an early stage. Helping people understand how these crypto currency coins are the future of a new digital asset class. That will have distinction and pride of ownership like people esteem stocks etc. I still cherish the memories of looking at the old stock certificates from my grandfathers accounts from both sides of my family. XRP is a diamond in the rough.
  19. 4 points

    EBA reports on crypto-assets

    "The following examples, included in this report for illustrative purposes only, demonstrate cases in which one or more competent authorities have assessed a proposed business model and determined that a crypto-asset would qualify as ‘electronic money’. Company A wishes to create a Blockchain-based payment network. The network is open meaning that both merchants and consumers can participate. Company A explains that it intends to issue a token which is intended to be the means of payment in the network. The token is issued on the receipt of fiat currency and is pegged to the given currency (e.g. EUR 1 to 1 token). The token can be redeemed at any time. The actual payment on this network is the underlying claim against Company A or the right to get the claim redeemed. In the assessment of the competent authority the token: a) is electronically stored; b) has monetary value; c) represents a claim on the issuer; d) is issued on receipt of funds; e) is issued for the purpose of making payment transactions; f) is accepted by persons other than the issuer. Therefore, in the assessment of the competent authority, Company A’s proposed token satisfies the definition of ‘electronic money’ under the EMD2." How do you think this relates to IOUs issued by different ripple gateways that accept EUR (SEPA) deposits to issue their IOUs? If gateway only issue IOUs that are used on its platform in order to avoid volatility then I assume it does not qualify as regulated "electronic money"?
  20. 4 points
    Marjane Delatinne and Wim Raymaeker (SWIFT Global Head of Banking Market ) will also appear together on stage at a treasury convention in Germany on February 14. "The banking industry faces new challenges: What impact will technology have on our daily lives as treasurers in the face of these new concepts and ideas? Are we facing a change in established banking structures? SWIFT and Ripple take a look at the future of international money transfers and present their own concepts for renewal. What's the future like?" https://www.the1tc.com/programm-der-1tc-2019 Something is definitely in the works...
  21. 4 points
    Was this before or after you heavily used your old pipe?
  22. 4 points
    Is this investment advice? Should I swap all my XRP for TAG? EOY $420?
  23. 4 points

    Kichiro Fukui

    He went from openly shouting his $50/24 hours by December to anyone who would listen. He was open book on how it’d happen to get people interested. Once he built a following, he became another riddler making tons of broad cryptic messages. For some reason, gullible people hang onto everything. He could change his profile picture color and people interpret it as something. At one point he had a full moon as a picture and these desperatos assumed something would happen on the next full moon day, as if Ripple and XRP time around astrology. He’s slipped up over and over. Just search his old Reddit posts and you’ll see he posted in AskMen about how to talk to his crush, talked about his bank not letting him buy crypto with his Visa, etc. He’s successfully trolling a lot of people who are desperate for anything to get them through tough times There is no switch. There are no inside riddlers spending hours and days creating complex riddles for the community. Instead it’s a bunch of trolls seeking attention, pump and dumps, etc to drive hype by leaving broad clues that could literally be tied to any news. Even Bg123 now is desperate after his fails so he clings to gullible CKJ to keep his attention alive. A riddler could post “Better off Alone” and it could hit a million things. If Bank of America is in news they’ll claim that with the “BoA”. If Swift says they won’t partner with Ripple, they’ll interpret it as he knew they wouldn’t partner and do it alone. The list goes on. Use common sense and logic.
  24. 4 points
    Yes https://parisfintechforum.com/january_30th
  25. 4 points
    That's one hell of a line-up!
  26. 4 points
    Triggered by this statement. So when spending Euro’s in real life ( buying groceries, a car, paying my mortgage etc) , I’m putting downwards pressure on € relative to $ ? I don’t think so. Whole discussion is troubled by comparing apples and oranges. Fiat has all the functions we dedicate to- and call “ money” and XRP has not. When buying a bicycle on Ebay, we say I bought a bicycle , and we don’t say I just sold some € .
  27. 4 points
    Yes you are. You are disposing of an asset to purchase another asset. In this case you are SELLING 11,000 XRP FOR 1 BTC. There must be someone willing to BUY 11,000 XRP for 1 BTC in order for the transaction to complete. The inverse is also true., You can BUY 1 BTC for 11,000 XRP but there needs to be someone wanting to buy 11,000 XRP. for 1 BTC. For every sell order you need a corresponding buy order. And for every buy order you need a corresponding sell order. While you think you are not selling your XRP. I bet you 1,000 XRP the tax office says you have disposed of the asset and made a capital gain aka sold an asset.
  28. 4 points
    importance of crypto industries is relative if we are dealing with xrp: this is a taste of the numbers we are dealing, there is a real economy behind the use of xrp, we have to compare with something like this:
  29. 4 points

    Down down down

    “This is just a final shaking out of weak hands from the whales and banks.”
  30. 3 points
    This morning Fox new had a segment on about Tipping led by Kurt the Cyberguy. It included some basic info about tip options including a QR code scan app for Tip Genie. I instead sent him a tweet outling a Crypto Option using @xrptipbot and of course tipped him 1 XRP..... I'd Love it if everyone that reads this and uses twitter to follow me and retweet that post....it would be awesome if we could get some exposure on twitter that would eventually lead to a segment on Fox news that reaches 8 million viewers every morning. My twitter handle is of course ----------- itcdominic
  31. 3 points
    I don't know about that. I'm quite partial to Monopoly money. I've lost count of how many hotels I've bought with Monopoly money. Never been able to buy a hotel with GBP or USD. I recognise value for money when I see it
  32. 3 points
    It's impressive progress for Ripple, 16 months after the 2017 SIBOS snub. xRapid launches. SWIFT say DLT is years away. Treacher sets them straight. Swift CEO steps down. Cory J states Ripple is replacement for SWIFT. First bank(s) start using xRapid. Ana Botin says Ripple outperforms cross-border competitors. SWIFT & Ripple Heads of Banking share a stage. Super Brad & Gottfried share a stage. Only one thing left ...
  33. 3 points
    Welcome to the moon. The first thing I will need is your helmet.
  34. 3 points
    No, this is nonsense. Making predictions or statements about a future state of a system, even “ fact-based” predictions, lays the burden of proof on the “ prophet” and not the ones he’s adressing. Anyway: macro economics is about complex systems, even if something has played out in the past, if just one parameter has changed ( and believe me: many parameters are different now than in 2008) the outcome can be 100% different. Predictions based on Macro Modelling isn’t science : falsification isn’t possible until the actual event happens and even reconstruction ( to repeat the “ experiment”) is impossible. Educated guesses, that’s what they are.
  35. 3 points
    Pluto isn't even real. Strangely, he is the pet dog of Mickey Mouse, who is also fictional. Goofy is also a dog, but he walks on two legs, is fluent in English, wears clothes, and has no collar. These things would all make sense if he were, instead, a cow, as some people believe.
  36. 3 points
    Wow. So... the purpose of a forum is to discuss things publicly. If we post something on it, we can expect any and all people to chime in with their opinions - I'd hope that's indeed the point. And no, I'm not suggesting any particular term is 100% infallibly objective, even when I'm using the word "objective", I guess I might be using the word somewhat relatively (uhh... if not also subjectively... *ducks*). Whether objectivity even exists is a philosophical question and personally I side with everything is ultimately subjective and there is in a practical sense no objective reality, but this is perhaps somewhat irrelevant to the discussion. I am, as both @Ripple-Stiltskin and @opaopa pointed out, simply intending to suggest that the term "money" us more subjective than fiat, and given this topic deteriorated into confusion almost immediately after being posted - I am specifically suggesting that using less subjective terms could be useful to avoid that happening. Money has a very broad and readily misinterpretable definition, and fiat is usefully narrower. I noticed that people seemed to be conflating their definition of "money" with that of the asset on either side of a currency trade and these things together appeared to cause confusion. Two parties both simultaneously buy and sell their respective currencies during a currency trade - depending on whose point of view you take - that's just the unfortunate reality of the situation. If anyone disagrees with these facts, ultimately it doesn't matter. It is terribly boring when we evade learning, but people are people and it's one thing almost all of us are guilty of at one time or another. (PS - And I've no issue if @opaopa wishes to act as my spokesperson, maybe it could save me some time. )
  37. 3 points
    But didn't the CEO of Swift step down? The perfect moment to announce that from feb 1st Brad is CEO of both Ripple and Swift with a firm handshake between the two men and they will be merging the companies to Rift... Or Swipple.
  38. 3 points
    Haha! I'm trying to figure out if you did this on purpose.... or if it was Freud... or if I'm even making any cent$
  39. 3 points
    You can give me a high 5 you can give me a low 5 either way you gave me a 5 unless you're missing a finger then you gave me a 4
  40. 3 points
    Huh? You are the one making the extraordinary claim... the burden of proof is on you my friend. Also are you saying that there is no way you could be wrong? May I remind us all of the famous quote by Laurence J. Peter: An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
  41. 3 points
    I admit to my ignorance of finance and economics. But to me the following is missing at least one option. 4. Actually, XRP is NOT unstable and all this apocalyptic talk is just plain wrong. Failure to admit even the possibility of error doesn’t lend credence to a view in my opinion.
  42. 3 points
    I'd give this more points if I could.
  43. 3 points
    when I buy XRP with USD, I am not selling anything. I only buy, someone else might be selling, but I am buying. When I buy BTC with XRP (BTCXRP) I pay 11000 XRP to get 1 BTC, and I am not selling anything. Get your act together and do not confuse people here more that you have already done, thank you.
  44. 3 points
    @BrownBear to stop this ******** once and for all, I ask you to provide me real proof that xRapid uses public orderbooks that has fiat as counter currency to XRP. Named XRP/fiat in charts. You do that in a week and get confirmation from Ripple, you get that 1000 XRP. I am instantly willing to give you that and if you say you dont need my money, I will donate it to any charity you pick. This is important for me, so please do it and stop that ********. I am happy no matter how it turns out to be, I just want to know this 100% sure.
  45. 3 points
    I feel like the data visualization intern short-changed Brazil, for some reason. (Its name would fit.) Anyway, if you like that pie chart, you might also enjoy this: https://www.visualcapitalist.com/animation-the-worlds-10-largest-economies-by-gdp-1960-today/
  46. 3 points
    The difference is the initial source of the XRPs. For the pioneering institutions, XRP may have been provided to them by Ripple (with stringent conditions on sale, transfer,etc) as a form of incentive to participate in the initiative. This means that effectively the only cost the first wave of institutional customers bear would be the implementation cost. Subsequent waves would have to obtain XRPs from the open market and ideally by then there would have been critical mass achieved in RippleNet i.e. the network effect would have kicked in and network participation value would have exceeded the costs (both tangible and intangible) of joining the global network. Doing away with the Nostro/Vostro accounts then frees up the huge amount of capital that is presently locked up in the traditional system. And this translates to an immense amount of liquidity (trillions of dollars) that can be injected into the global markets. The downside of this is the potential inflationary pressures that can arise and manifested as price rises in a broad spectrum of asset classes, both traditional and otherwise.
  47. 2 points
    No, but now if David is confirming 100% of xRapid transactions use XRP as a bridge... we now know that the Pathfinding functionality must be in xCurrent, not xRapid because xRapid would only be looking for paths which use XRPLedger liquidity, and ignoring private nostro/vostro multi hop liquidity options. Remember these "orderbooks" are like a fraction, meaning you can flip it upside down and back again and it is still the exact same number (exchange rate). For XRP to be a "base" you need 2 orderbooks that have XRP on them, then you look at the full path as... fiatA / XRP > fiatB / XRP ... whatever the denominator is = "the base". If XRP becomes the "common denominator" for all fiat, that is a super powerful and valuable position because it prevents value from having to hop through more than a maximum of 2 orderbooks to get from any fiat to any other fiat. less hops = more efficiency, less cost, faster execution, less middle men, etc.
  48. 2 points
    Didn't know Ron Howard is now a governor
  49. 2 points
    It all depends on which level you’re viewing things: 1 crypto-exchange? All crypto exchanges? Worldwide Forex market? It may seem a question of semantics, but agreeing on the discussed level is the first thing to do, before one can make statements, or discussions like @BrownBear and @P3T3RIS ( and others) are having. A currency can be the base on 1 exchange, but globally just a good like all other goods. There’s a reason why we say : I just sold some XRP and not “ I just bought some USD”. Anyway: back to work, sadly, be back tonight.
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