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Showing content with the highest reputation on 04/11/2019 in Posts

  1. 24 points
    So, I said on multiple occasions that the price surge (that happened in a very timely manner, during precise hours, following a pattern each day) was due to a test. Many people said I was wrong, that it was only speculation over the upcoming xRapid release. I tried times and times again to find the press release again, but I had deleted my history. I only remembered a few words "five continuous hours"; "R3"; "US equity markets". After rewatching the IMF Spring Meeting, streamed yesterday, I noticed Christine Lagarde talked about DLT being able to support the daily trading volume of the US equity market. I remembered the phrasing used in October, and that it could be correlated to the September pump to 0.8$. Here is the time where Christine Lagarde mentionned the test: I then searched on Google for The Depository Trust & Clearing Corporation + US Equity Markets, in October 2018 and I found it again. Here is the press release, I saw in October, describing the test. http://www.dtcc.com/news/2018/october/16/dtcc-unveils-groundbreaking-study-on-dlt
  2. 9 points
    Well, whoever was involved, Id like to send the following message DO IT AGAIN and this time don't stop! Thanks
  3. 7 points
    Hi there, yesterday I closed my "play stash"-positions on eToro and sold at 0.357 - Reward: ~200 Bucks. Only a few minutes later ETH collapsed followed by BTC, XRP and others later on... Why did I sell: I had confidence in the TA of botje11 who expected that "correction" - once again he was right. On telegram he warned a few hours before and he presented three possible scenarios plus the conditions that made the respective scenario likely. I was warned. And then ... as I sat on my couch another twitter message: Its most likely event will occur within the next few hours, condition by condition were met ... the correction must be made within the next few hours ... I sold... My advertisement for botje11 For those who are interested in TA, who do not want to be surprised anymore, who want to understand the mechanisms in this stupid market, I really recommend to follow botje11 on tradingview. He tries to be quite objective, shows scenarios and which are likely to be fulfilled. The nice thing about it: He also calls the conditions, what must happen, so that a, b or c could/should occurs. Nor is it a pity to reject his approaches when things change and reevaluate. Also nice: His training charts in which he explains patterns, forms and connections, for me: so understandable that I as a layman can even understand that. Look at his contributions, I think they are worth reading, you learn a lot and above all: they also help that you are no longer surprised by market movements (you expect them). https://www.tradingview.com/u/botje11/ Important and urgent messages are more spread via telegram: https://t.me/botje11 Why do I advertise him? I think he deserves millions of likes at TV because he is one of the best and most objective analysts for our crypto market. That is why I promote him Best regards xSodax
  4. 7 points
    The price spiked to 76-80 cents on september 21 2018. The daily volume reached 4 Billion from 5-600 million the days before. https://coinmarketcap.com/currencies/ripple/historical-data/?start=20180919&end=20180924 Suzie from Esoteric trading solutions made a video on this subject back in december. Speculative, but interesting. https://www.youtube.com/watch?v=N-dx5qy9AXc The DTCC part begins at around 8:40 minutes.
  5. 7 points
    https://ambcrypto.com/xrp-xrapid-payments-facilitated-exchange-bitstamp-granted-bitlicense-by-new-york-dfs/ Momentum just keeps building!
  6. 6 points
    lucky

    Facebook Coin. A threat to XRP?

    Ah so KYC and AML is suddenly thrown out of the window? One happy Facebook family, problem solved? And no problem that Facebook does not only have access to all our personal details, our contacts, our messages, our surfing history, but now also to all our payments? Interesting!
  7. 6 points
    Benchmark

    Facebook Coin. A threat to XRP?

    Same lack of threat as JPM coin.
  8. 5 points
    CryptoGerrie

    XRPBTC LONG Chart

    Thanks! Yes it looks good indeed. That USD value is lacking behind, but BTC is causing this. Patience is what we need, although after such a long bear market can’t wait for the green weeks
  9. 3 points
    jbjnr

    Ripple advertising?

    This^ - and the fact that people making remittance payments are going to be spreading the word that company X is now much cheaper and faster than the old company Y that everyone was using. Word of mouth among foriegn workers sending money home should not be underestimated in this modern day of whatsapp etc. An easy tagline like "Runs on Ripple" is perfect for anyone saying - "you need one of those ripple people to send your money - I'm saving $x every week - as long as you get one of those ripple ones it'll be cheap". The brand name awareness will help adoption as customers then start asking their local money sending operators "are you using that ripple thing that everyone else has been telling me about?". etc. etc. "Runs on Ripple" works for me - and it tells us that Ripple are signalling that the marathon is now well off the start line by starting to spread awareness much wider (assuming they are in fact funding this advertising).
  10. 3 points
    BobWay

    Answer: About the patent, Let's talk

    Yes, exactly that. Very good image reference. The goal of the algorithm is to have mostly green orders at the top of both sides of the Combined Order Book. If purple orders execute to provide liquidity for payments, it does XRP and its holders no good at all. If green orders execute to provide liquidity for payments, it makes XRP more liquid for everyone.
  11. 2 points
    Hm, that's a Coindesk article. Here's the press release from DTCC: http://www.dtcc.com/news/2018/october/16/dtcc-unveils-groundbreaking-study-on-dlt "DTCC commissioned the benchmark study and provided expertise and requirements for Accenture to build functional prototypes of the US equities clearing and settlement system using DLT. During the 19-week study, DTCC and Accenture ran DLT performance tests using commercial DLT platforms offered by Digital Asset (DA platform) and R3 (Corda platform), whose engineers provided support on performance tuning. DTCC’s main objective was to analyze DLT’s ability to process the massive trading volumes of the US equities market, not the capabilities of individual commercial platforms." "What would be the purpose of XRP in this system?" DTCC is testing settlement on DLT. So that's the purpose -- to test if it's capable of handing those transaction volumes. Corda Settler is integrated with ILP. ILP uses XRP to transfer value. I mean, it's no guarantee but it makes a lot of sense.
  12. 2 points
    http://galgitron.net/Post/Impenetrable-Consensus @galgitron
  13. 2 points
    There is a lot of confusion between blockchain and Distributed Ledger Technology. A DLT is simply a decentralized database that is managed by various participants. Blockchain is also a shared database – a log of records – but in this case shared by means of blocks that, as the name indicates, form a chain. The blocks are closed by a type of cryptographic signature called a ‘hash’. XRP uses a DLT. The press release does not say Accenture used the XRPL to perform this benchmark, but the Corda Settler, which is a private DLT or federated DLT.
  14. 2 points
    lucky

    Facebook Coin. A threat to XRP?

    time for a new joke perhaps? this one is growing a beard.
  15. 2 points
    That should make the number of BitLicenses issued 19? https://en.wikipedia.org/wiki/BitLicense BTW: Sitting on the board of directors of Ripple the company.
  16. 2 points
    JannaOneTrick

    Ripple advertising?

    Yes, if you look at the link, you can see they created this link themselves for this "online event". https://ripple.com/faster-cheaper-payments/?utm_source=adroll&utm_medium=retargeting&utm_campaign=xr_online_event This link is composed of 2 parts. https://ripple.com/faster-cheaper-payments/ and ?utm_source=adroll&utm_medium=retargeting&utm_campaign=xr_online_event The smaller link would be enough, but they generated a tracking link. Notice the: Source + Medium + Campaign While working in digital marketing I used this tool to create those links: https://ga-dev-tools.appspot.com/campaign-url-builder/ Here is how they made it: The purpose of doing those links is to collect and study statistics from Google Ads for example. They could be launching this campaign through different sources like: Twitter / Facebook / Flyers with QR code (during events) / etc... Then you can see, from Google Ads, which sources was the most successful (which generated the most links for example).
  17. 2 points
    I honestly could not care less about likes, guys. BTW I just noticed this is a post from March, I somehow missed it, probably because was on holiday. Sorry for that..
  18. 1 point
    Hodlezerper

    Circle Competes with Ripple

    @Sebastian has previously pointed out, rightly so, that Circle may be the most realistic competitor to Ripple at the moment. Seemingly working backwards, Circle worked on creating a peer to peer value transfer service, and is now looking to integrate crypto into that service. Part of the argument about XRP being valuable is that it'd make it difficult for another company to create a crypto that we somehow trust, but if that said company had already built a platform people trust, and then issued their own currency, then flipped the switch, it's conceivable they could usurp quite a bit of market from XRP. Particularly if they go the banking route, which they seem to be doing. Obviously Ripple is going enterprise, not Peer-to-Peer so that could be the primary difference. Companies are going to vie for control of various customer bases so we should be on the lookout for their possible routing strategies.
  19. 1 point
    @Julian_Williams We need reaffirm the support around this $3000-3600 mark. If support holds again, this will be a signal that we are out of the bear market. BTC 2015 historical data is what we are all abiding by.
  20. 1 point
    No offense sir @zerpdigger but messari is a scam. Should be sued by ryppel if u ask me!
  21. 1 point
    Nice ! I am looking at the Market Surveillance Report of April, and there is a list of the top 500 most wash traded coins. Just a few examples of the Wash Traded Volume over the Overall Trading Volume: ETC: 84.81% TRX: 84.79% BTC: 65.21% ADA: 63.21% XRP: 56.79% The link to the Wash Trading Volume chart: https://my.rowshare.com/t/1545ade4d6c74910994f2a381b969fcf Use the link above, then you can use the search bar. Use this link instead if you have trouble with the link above: https://www.bti.live/top-wash-traded-coins/ Here is the link for the report: https://www.bti.live/reports-april2019/ So, if you now take a look at CMC, and look at the current Volume (24h): $1,710,951,033 On the XRP Charts, the last 24h volume: $555,033,734.53 If you apply the Wash Trading Volume ratio we found from the report: 56.79% So, 1,710,951,033 x .5679 = $971,649,091 = Wash Traded Volume 1,710,951,033 - 971,649,091 = 739,301,942 = Real Volume ? On XRP Charts, it shows 555,033,734. The Wash Trading Volume ratio found from the BTI report should still be around the 56-ish %. That's as far as I can go I think.
  22. 1 point
    BobWay

    Answer: About the patent, Let's talk

    With out really digging into the ledger, I'm pretty comfortable saying that there aren't a lot of non-XRP assets being "issued" on the XRPL at the moment. And you are right, one of the main reasons for that was that Ripple discontinued the online Ripple Trade client. However, the final version of that client can still be built and run locally. The source code is here: https://github.com/ripple/ripple-client-desktop Rippex made a couple of bug fixes to that code, there version is available here: https://github.com/rippex/ripple-client-desktop---UNMAINTAINED
  23. 1 point
    Garlinghouse said at some point (can’t remember the interview) that the number one positive sign for XRP would be increasing volumes. It’s a huge deal, and I think it’s just the beginning. With volumes come market makers, who have to buy up the asset (and raise price).
  24. 1 point
    Hard to tell if that volume is real or not (assuming you're talking about CMC). Openmarketcap/XRPCharts tell a different story.
  25. 1 point
    XRP pumped on 3 or 4 days in one week -- always started at the exact same time -- i don`t think this was caused by FOMO on the last day, however, XRP went crazy and more than doubled in 24h -- surely some FOMO`d in at this point
  26. 1 point
    MemberBerry

    Facebook Coin. A threat to XRP?

    Lets trust ryppel! The standard bro.. Xrp 589$!!!1!1! Or 1000$? LMAO u guys are killing it if you dont FUD yourown coin you are doing it wrong
  27. 1 point
    Esprxp

    Facebook Coin. A threat to XRP?

    And if you are not a FB user (as is my case) what is FB coin used for? ...
  28. 1 point
    Can you tell me what this means? And when I ask "what this means", I am referring to the uppercase and lowercase letters you use when forming those words... the only thing I can come up with is you think people are responding to you with such ridiculous formatting... is that the case?... and if so, can you point me towards or provide a link where that has happened?.... thank you.
  29. 1 point
    DannyRipple

    is $0.35 the new $0.25?

    Wheres @Nouk to tell us all about the shark pattern?
  30. 1 point
  31. 1 point
    This has all been so entertaining to watch. Has the bidding war ended? Did Visa win?
  32. 1 point
    Coinbase is about to release a VISA Debit card in the UK, with plans of expansion in other european countries soon. https://cointelegraph.com/news/coinbase-crypto-exchange-debuts-visa-card-for-uk-customers https://www.forbes.com/sites/billybambrough/2019/04/10/coinbase-and-visa-are-making-bitcoin-ethereum-ripples-xrp-and-litecoin-payments-a-reality/#69d768655943 https://blog.coinbase.com/spend-your-crypto-instantly-with-coinbase-card-4c840e59a8d8
  33. 1 point
    I wonder who is the furthest along in figuring out which metrics are appropriate for analyzing the health of a blockchain, and any business models which employ one? Seems like several pieces of the puzzle are already out there as independent projects, with a few pieces still to be built, then all assembled into a set of manageable metrics. Understandable to both business managers and investment managers. I think Ripple's strategic approach will be a Harvard Business School case study till 2030. Brilliance taming the unknown.
  34. 1 point
    Bittrex understandably said no to this:
  35. 1 point
    This is a post I wrote last year on another forum before I discovered this community, but recently revisited to see how my thinking has evolved. I think I'm a bit less XRP maximalist now, but my underlying confidence in XRP remains. XRP has become much more decentralized in the last year, and I realize now how loaded that term is. Introduction The debate on the future of XRP is the third rail of crypto politics. Other than Bitcoin vs. Bitcoin Cash, no other topic elicits such polarizing perspectives. From an ideological standpoint true to Bitcoin’s genesis, this is understandable. The community that created Bitcoin values a decentralized, anonymous currency. Between forks and new entrants, there is now significant competition and intense, often personal, debate about the future of crypto assets. This analysis describes Bitcoin’s competitive advantages, and why they are not permanent or insurmountable. More centralized blockchains, such as XRP, are better positioned to create value unencumbered by ideology that hinders mass adoption. This framework also applies to competition between EOS and Ethereum, articulated by Miles Snyder of Multicoin Capital. The future of crypto assets is not winner take all, because of different market niches pursued by various blockchain protocols. However, this framework suggests more growth potential and market capitalization for XRP if Ripple is able to deliver on their value proposition and fend off non-tokenized competitors such as R3. Blockchain Structural Tradeoffs — Trilemma Decisions The Monetary Theory Trilemma faced by Central Banks is a useful framework to compare the fundamental structure and tradeoffs crypto assets must choose. In a Trilemma, only two of the three variables can be controlled, forcing an entity to make a choice with tradeoffs. In fiat monetary policy, governments must decide to choose between free capital flows, controlling exchange rates, and independent monetary policy (interest rates). Wealthy countries have typically opted to allow their exchange rates to the U.S. dollar to adjust, or “float”, in order to have a free flow of capital and the ability to adjust their monetary policy to control inflation. But it’s not one size fits all. Historically, China has controlled capital flows in order to keep its currency relative weak (fixed) to the US dollar to maximize the advantage of its export economy. Crypto assets face a similar decision and must choose between security, decentralization, and scalability. This was noted in a recent interview with the former lead developer for QTUM, Stephen Ju, who said “The Bitcoin and Ethereum or other blockchain platforms currently, most of them face scalability problems. In the blockchain industry, scalability, decentralization and security — these three cannot work together.” For the creators and early adopters of Bitcoin, this was a straightforward decision, because they built the bitcoin blockchain specifically for the idea of a nearly anonymous, peer-to-peer transaction network where security and decentralization were paramount. As the network has grown, Bitcoin has had to make difficult choices with the block size debate, competing visions that claim they support the original vision, and resulting hard forks that this analysis argues have been costly. Follow on competitors, including XRP, are not constrained by the same ideology. If the goal is world-wide mass adoption, scalability is the bedrock that a blockchain asset should start from. Value must be created for consumers and investors who care more about scalability and security and are willing to sacrifice decentralization. Bitcoin has devoted considerable resources to address this issue, and the Lighting Network’s off chain approach may succeed, but it’s a more challenging path to success and is driven by the headwinds of bitcoin’s core value of decentralization. In the Gallic Wars (58–50 BC), The Romans conquered the Gauls and consolidated Julius Ceasar’s power. Key to this success was Rome’s centralized organization and unit discipline. The Gauls were loosely organized into competing tribes and were known as fierce warriors who fought as individuals on the battlefield. They were ultimately defeated by the more organized, centrally managed Romans, who fielded highly disciplined Legionaries, the premier military units of their era. One formation that demonstrated Roman discipline was Testudo (Latin for ‘Tortoise’) a battlefield tactic in which the Romans closed ranks and covered all sides with shields. This defensive tactic allowed was the antithesis of the Gauls approach to combat, but ultimately won the war. There is a parallel and lesson to be learned in the competing visions playing out in blockchain development today. Can centralized crypto assets organizations deliver value for consumers as scale better that decentralized networks like Bitcoin? On one hand, there are fundamental advantages that decentralized organizations enjoy. There is no way for any government on Earth to “shut down” Bitcoin. Nor are there key leaders who could be removed that would keep the Bitcoin blockchain from continued development. Leadership decapitation will never apply to Bitcoin, but there are significant tradeoffs. The hard fork and civil war between Bitcoin and Bitcoin Cash is one of the fundamental side-effects that decentralized blockchains face. This debate has cost time and resources fighting over ideology while not advancing towards the one thing that will lead to mass adoption of cryptocurrency- creating value for the user. As a distributed organization, the Bitcoin community couldn’t agree on the use case and market they were trying to target (peer-to-peer vs store of value) resulting in the hard fork that led 20% of the mining nodes down the Bitcoin Cash fork. Since then, the hard forks continue with Bitcoin Gold, Bitcoin Dark, Bitcoin Prime, etc. These are wasted resources and brand dilution in a competitive market. Contrast this with the extremely centralized approach of one of the most successful companies of the internet era, Amazon. They have created widespread adoption and value across numerous markets. Jeff Bezos has a very useful framework for strategic decision making, “disagree and commit”. He encourages lively debate within Amazon, but at some point, a decision must be made in order to move forward cohesively and effectively. He might not agree with a course of action, but he can commit if he sees that his key leadership want to go a certain direction. This mindset permeates the rest of the organization. Although everyone might not all agree, they move forward with one common purpose, analogous to a Roman Testudo moving through a battlefield. Bezos credits this philosophy with their ability to move quickly in competitive markets. Imagine if Amazon lost 20% of its team when they purchased Whole Foods or launched their streaming service? Without leadership, which is by nature centralized, an organization is hindered in how quickly they can respond. Speed and adaptability is a structural competitive advantage Ripple has over the Bitcoin community. Even Bitcoin Cash has an informal leadership structure in Roger Ver that provides a North Star that Bitcoin lacks. Competitive Advantages of Bitcoin Despite its lack of central leadership and speed disadvantage, Bitcoin currently enjoys several competitive advantages over XRP and other crypto assets that have allowed it to maintain 35–50% of the total crypto market cap over the last 6 months. While significant, none are permanent, insurmountable barriers for XRP, or other assets, to surpass Bitcoin. 1) First Mover Advantage — Bitcoin was the first cryptocurrency and therefore enjoys a head start on the competition. However, as an open source community, competitors are able to imitate or fork the Bitcoin protocol which would not be possible against an incumbent company with proprietary technology. There are no NDA or non-competes in effect to protects Bitcoin from the competition. The first mover advantage is not a useful a framework for a decentralized, open-source framework. 2) Network Effect — Metcalf law states that the value of a network is the number of participants squared. This suggests that perhaps First Mover Advantage of Bitcoin has led to Network effects creating a defensible competitive advantage. But in the decentralized, fast-moving crypto ecosystem, this network effect is not solid ground. Consider the volatility of the market as a proxy. XRP, ETH and BCH experienced rapid gains in price in 2017 that led to speculation that the “flippening” — replacing BTC as the largest crypto asset by market cap, was imminent. Although this hasn’t yet happened, the lesson learned is that this is a volatile, fluid environment and a large network doesn’t guarantee a sustainable competitive advantage. We are still early in the race and much of the infrastructure to support these currencies is still in its infancy. Partnerships with tech networks for XRP or other crypto assets have the potential to surpass any Network Effect advantage that Bitcoin has enjoyed to date. 3) Brand Recognition — “How to Buy Bitcoin” was #3 on the most Googled “How to” phrases in the world for 2107. This brand recognition and widespread adoption provided the groundwork for futures contracts (see barrier #5). But this brand recognition can’t be easily defended and actually comes with a cost unique to Bitcoin. A private company has legal recourse to defend its brand within the court system. Amazon can sue for infringements on their brand identity. As a decentralized entity, Bitcoin doesn’t have this lever to pull and has spent resources and energy in defending their brand in a very inefficient means. This was highlighted in a recent interview on Peter McCormack’s “What Bitcoin Did” podcast, where James Lopp described the confusion about Bitcoin vs Bitcoin Cash. “At Bitgo we’ve had so much support and engineering resource consumption due to user confusion of sending Bitcoin to Bcash addresses and vice versa”. 4) Gatekeeper Currency — Bitcoin is the default currency that drives the entire crypto economy. It is the entry point from fiat into the crypto asset investing for most investors who want to purchase altcoins. However, many exchanges are offering more altcoin trades for Ethereum. For example, Bittrex offers 192 BTC-Altcoin pairing and 65 ETH- Altcoin exchanges. Developments such as atomic swaps will make it easier to exchange between crypto assets without Bitcoin as an intermediary of the transaction. There is not a compelling reason for the future of all crypto assets to have BTC as the foundation currency. 5) Futures Contracts — The Chicago Board Options Exchange (CBOE) began offering futures for Bitcoin in December of 2017 and the Chicago Mercantile Exchange (CME)followed soon after. This allowed investors to offer futures contracts for Bitcoin, controlling volatility and hedging risk. Although the contracts are settled in fiat, future markets on CBOE and CME provide Bitcoin an investment product that gives it more legitimacy to non-crypto investors and ultimately is intended to reduce volatility. This is a significant competitive advantage to allow institutional money to flow into Bitcoin, elevating the market cap, reinforcing and amplifying Gatekeeper Currency, Brand Recognition, and Network Effect advantages. If Bitcoin is able to maintain this barrier, it’s likely that the flood of institutional money would establish it as a world currency and store of value that would keep it as the dominant crypto asset. However, CBOE has already said they intend to look at other assets to list on their futures markets. “Being in product development our task is to look for new products all the time, so we are constantly evaluating that market, and we are evaluating other cryptocurrencies too”, said Dennis O’Callahan, CBOE’s director for product development in an interview with CoinTelegraph. Although Bitcoin has a temporary, and significant, advantage, this appears to also be a temporary state, not a long-term structural advantage. Ripple — A Centralized Blockchain Creating Value for its Target Market Ripple is the antithesis of the Bitcoin approach to building a blockchain network. No mining is required and Ripple is a private company. They depend on a significantly smaller pool of hand-selected nodes, but this is not a deterrent for adoption in their target market. Conversely, this structure is more palatable and adds more value to their target market (banking executives) than a decentralized, anonymous network. There is no compelling evidence that this node centralization results in significantly more risk for a 51% attack for the Ripple blockchain, although potential censorship/central control is a reality. Early pilots by numerous banks suggest that this approach is working with the adoption of the XCurrent, a first step for XRapid and XRP adoption by banks. A key risk for XRP’s future is that banks will use XCurrent without the follow-on adoption of XRapid and XRP. However, from the perspective of targeting a customer segment and building a product for that market, the effort is more strategic and focused than Bitcoin’s internal debate over a store of value vs. peer-to-peer rapid, cheap transactions. Broadly speaking, if a product is not embraced by the consumer, the company/organization/currency should make it better, or competitors will fill the market demand. If XRP is not adopted by the banking industry, Ripple is better positioned to develop a new strategy, quickly adapt, and respond to the market’s needs better than Bitcoin, to the benefit of XRP. Centralized vs Decentralized Competition in Smart Contracts Platforms: EOS vs. Ethereum EOS also has a strategy that decentralization does not add as much value as scalability and speed by adopting a delegated Proof of Stake. This contrasts with the emphasis on decentralization, the value-add for Ethereum. While decentralization and censorship resistance will add value for certain applications of the future, it’s likely that more applications will value speed and scalability for the majority of use cases over censorship concerns or decentralization. An in-depth analysis of EOS is available by Miles Snider of Multicoin Capital. Similar to XRP vs BTC, decentralization will not be as valuable for the mass market as it was to early creators and users. Conclusion- XRP versus Bitcoin Maximalists in different crypto tribes tend to view adoption as a zero-sum game that will leave only one winner. A more likely scenario is that many of the crypto assets fail, but several find their respective niche in the market (daily peer-to-peer transactions, store of value (digital gold), international remittance, decentralized smart contracts, etc). However, for each market, once an asset is entrenched the Network effects will eventually become a more formidable competitive advantage. One of the criticisms of XRP or EOS is that they are more centralized. As argued here, in terms of a scalable, global network this is not a compelling justification against mass adoption. The majority of consumers do not care whether or not a blockchain is centralized. There is more value in reducing the cost and increasing the speed and cost to send money around the world and user experience. These are not tied to an ideology of decentralization or libertarianism. Coupled with the slower decision-making process inherent to a decentralized organization, this shackles how quickly Bitcoin can respond to market forces, and is to the advantage of XRP. For these reasons, the latter will ultimately become a larger, more valuable crypto asset than Bitcoin.
  36. 1 point
    I am so glad I chose Bitstamp right from the get go !
  37. 1 point
    Especially for you, from the same quoted Standards: XRPchat will not accept: zero or low value, pointless or uninteresting posts
  38. 1 point
    richxrp

    Ripple advertising?

    Ripple has changed strategy .. they realize now that for XRP to have enduring value, Cryptocurrencies in general and XRP in particular needs to gain public acceptance and usage. This was one thing I thought of when back in the early days they focused solely on cross border transfers and banking applications. The one thing that they forgot was to attribute value to a digital asset, it needs public acceptance and support. Period. This is why the change in direction to put some effort into other application usages of XRP hence the foray into video gaming and other use cases.
  39. 1 point
    RipplingAlong

    Epic Pennant on BTC Chart

    Sorry Milly, I indeed did read too fast. Please accept my apology.
  40. 1 point
  41. 1 point
    KarmaCoverage

    When Ripple IPO?

    I havent publicly speculated on XRP price ever (except for a DCF analysis back in 2014). I tried to explain why I'm bullish on not just XRP, but Ripple Inc equity also. https://www.quora.com/How-did-the-VCs-value-Ripple-Labs (the bottom answer) We are all still early here, but the game started years ago. Let the fundamentals drive price, not just hype/speculation. Double digits now seems reasonable, XRP has always been undervalued... Patience
  42. 1 point
    MemberBerry

    100k stuck since 2018

    But sir... they said 589 i know. Then they say 172$ then it's200$ A whole bunch of financial advisors around here. Pick the right one. EOY 100$ sir. This is 589% financial advice.
  43. 1 point
    Staigera

    100k stuck since 2018

    You talk about cycles like you can predict a pattern or atleast some form of it. I heard many of your types before and 99.999% of the time it's just talk. I don't blame your optimism I blame that most of the ones that post silly gifs when someone vents it's from the zerpening. Like it's some fcking cool thing to do. And buddy I don't need soothing I'm just telling whats on my mind it's a free forum.
  44. 1 point
    Yep. That's me. The old OG. Thanks for remembering me.
  45. 1 point
    ClosedMyEyes

    XRPBTC LONG Chart

    Not exactly the same (I'm not sure how to find that indicator) but I was able to recreate the same increasing long data in tradingview. On the bottom I drew a line showing ~20million increase in longs since mid January. There's definitely going to be a breakout soon one way or the other.
  46. 1 point
    spiras

    Chat: Possible failure scenarios

    I think you read the FUD too much. All of your points above are inaccurate. First, Brad has consistently said 3-5 years. Recently he was on panel (davos I believe) where he again stated 5 years. 1. I think Ripple's long term strategy is the best one. However, everyone wants to make Bank in the short term. Ripple is trying to change the payment world. Give it time. Even the Internet and smart phones didn't take off right away. Years. Further, Ripple doesn't own XRP or the XRPL. It's not theirs. Sure they own a lot of XRP, but not the network. It's distributed. They are only one player in the game. Don't want to wait on them, then what about SBI? How about R3? They are players too. Why not follow them? Why not start your own project instead of waiting on Ripple to make you rich? 2. Ripple owning a lot of XRP allows them to help build the ecosystem. Brad had said it many times.. they see themselves as a custodian. There are ways to change the distribution of XRP, and the more people that have an ownership or a stake in it, the greater the value will be. But as Bob said, giving away free money in a 'fair' way is not as easy as it seems. As David Schwartz said, when they have given away XRP, they find that it's not long before that XRP ends up consolidated into smaller amounts of wallets. Once Ripple decides how to distribute it in the best way to build the ecosystem and provide liquidity at the same time, without tanking the price, then I'm sure they will do what they need to. If they just give it away to make the retail speculators happy and don't do it the right way, they can't get it back. Years. 3. Jed is in control of MORE XLM than Ripple is of XRP but they don't publish it. In addition, XLM is inflationary increasing the supply a couple of percent per year. Also, Jed has been known to dump and tank markets. Documented. This isn't to say that XLM won't have some success, but I believe XRP has more of an upside. Invest in both if you want. They're both cheap right now if you are unsure.. 4. stable coins dont make more sense. They are pegged to something giving risk. Think of it this way. If a coin is pegged to USD, every single time the US government prints more money, they are stealing from everyone who has money invested in 'stable coins'. The value will decrease. This is constant downward pressure on VALUE even if it is still worth $1 USD. This is important. The US government is not going to stop printing money, with a 1T deficit and 21T+ debt. Investing in stable coins guarantees you will lost money. And yes, someone had to hold stable coins for market making. Someone is going to lose. And this doesn't even touch the fact that not everyone wants USD or MXN or whatever your pegging the coin to. You still need to be able to trade it. Also, if money goes through US, there are additional AML and KYC laws that prevent trading between partners. In short, stable coins are NOT a viable solution. 5. What? Why do you think your know their motivation? This is simply an opinion you have based on your own perception. Ripple is not a singular person. It's hundreds, thousands of people in the organization and investors and their organizations. Who knows how many.. and they are all represented in varying levels of stake. Ripple is a business. Businesses don't think like individuals. They are always motivated to make a profit or even to make a dent in the universe. If an individual had enough money to 'not be motivated' and money is their only motivation, I would suggest that they would likely retire/quit and then the next young and upcoming buck (or buckett) would step up with drive. 6. Who knows about another Bull run. However this cycle has repeated itself at least 6 times since BTC started. Each cycle drawing in more speculators and far surpassing the previous cycle after massive pullbacks. Is it going to stop at 6? Why would it? If you walked up to 20 random people that you don't know and asked them if they've ever heard of XRP, probably 19 of them would say no. That's 95% of the population that hasn't even heard of the world changing potential. How many of those 19, if you could spent the time to get them to fully understand how the world of finance works and exactly what XRPs potential is, would be interested in investing. 5? 10? Who knows, but clearly the general population is oblivious the the world of digital assets. When you are able to walk up to random people on the street and have intelligent conversations about digital assets just as you would about the Internet or their cell phone, then you might be at the point of a saturated speculative retail market. At that point, you would probably be looking exclusively at utility to drive price action. We are a LONG way away from that. Go test it out on 20 people and come back and tell us what you find. Yes, we might all be fools for investing in XRP. We might be wrong, maybe Chain link or XLM will change the world. Who knows. But for my money, I'm betting on XRP. If I'm wrong, sure I lose money - no big deal. But If I'm right, the world changes and I get to be a small part of it. Oh yeah.. and I retire. You make your decision. But stop listening to the haters. Many have their own personal financial agendas in action.
  47. 1 point
    RafOlP

    Circle Competes with Ripple

    Circle is a competitor to Ripple but the strategy has some differences. They are more operational on the payment processing than Ripple. Ripple is focused on building a network of which it is a major service and token provider. Circle is trying to build a vertical from the wallet to the exchanges, to creating a token and processing payments (the financial flow). The RippleNet network has a great value but the token battle over the real world usage hasn't even begun yet.
  48. 1 point
    tulo

    Automated market making bot

    @yvv I don't know well margin trading. @xtrapower They are changing ripple-lib, not API as far as I know. BTW about IOUs deprecation I'm afraid too, but we'll see how this evolves...none knows. BTW this topic was very useful, because answering to you I came up with two new ideas for particular arbitrage and distributed market making strategies...I should make a paper about this I'll experiment as soon as I have time.
  49. 0 points
    Are there any mods around here to remove some unhealthy posts in this thread ?
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