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Showing content with the highest reputation on 04/19/2019 in all areas

  1. 16 points
    Found by Crpto Eri - 136 page presentation about how Standard Charter ASEAN Economic Outlook Growth and how they expect to integrate Ripplenet and GPI into their payments/settlements systems of the future. ASEAN Economic Outlook Growth in the fast :https://www.sc.com/global/av/id-asean-bankers-conference.pdf
  2. 14 points
    CAPITAL MARKET DEVELOPMENT AND THE FINTECH REVOLUTION: OPPORTUNITIES AND CHALLENGES April 11, 2019 | 13:00 to 14:30 ET, 17:00 to 18:30 GMT Atrium, World Bank Group Headquarters, Washington DC A flagship event of the 2019 Spring Meetings on Thursday, April 11 brought together a panel of fintech experts for a lively conversation on the wide-ranging opportunities and challenges of technological innovation in the capital markets, along with important legal, regulatory and competitive considerations. Overall it was a very interesting video to watch. The moderator was very professional and provided to a very pleasant discussion with the panelists. There is no strict mention of Ripple or XRP, but some parts of the video pricked up my ears. I will give a timeline for each speakers and provide a very succinct summary of each speaker's intervention. At the end of the panel, there is a Q/A. 00:00:00 - Introduction from the World Bank Managing Director and Chief Administrative Officer. 00:07:21 - Presentation of all the panelists by the moderator. 00:09:00 - Question to R3 00:14:08 - Question to the Bank of Canada 00:17:48 - Question to the OECD 00:26:45 - Question to the Milken Institute 00:39:32 - Question to R3 00:46:18 - Question to the Bank of Canada 00:51:52 - Question to the OECD 00:57:39 - Question to the Milken Institute 01:01:45 - Question to all and R3's answer 01:05:54 - Milken Institute's answer 01:07:10 - OECD's answer 01:08:30 - Bank of Canada's answer 01:10:30 - Questions 01:15:35 - Bank of Canada answer to privacy question 01:18:10 - OCDE answer to ICO's question 01:21:45 - Milken Institute's answer to M-Pesa vs Blockchain question 01:25:34 - R3's answer on energy issue and R3 Corda Settler advantages over PoW protocol
  3. 11 points
    Panosmek

    XRP: Endgame

    In the end, this is what unites us. The vision of moving value as easy and fast as snapping our fingers. This is my new blog post! https://xrpcommunity.blog/xrp-endgame/
  4. 7 points
    • Consortium of seven founding banks*, along with Ripple (* Founding members are Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada) • RippleNet Advisory Board’s mandate is to oversee the creation and maintenance of payment transaction rules, efficient liquidity structures, common standards and other actions for achieving the below value proposition. Page 135
  5. 6 points
    Thanks @JannaOneTrick You are certainly bringing a new level of professionalism to this forum. The more we dig deep the further ahead of the markets we position ourselves
  6. 4 points
    We need to up our game everyone! A petition asking Congress to get involved in a ruling dispute at a high school football game has over 5 times the signatures as the Token Taxonomy Act petition. You can change this by going to: http://chng.it/Hk7SLLSSZk and 1) Signing the petition 2) Using the handy buttons to share on Facebook, email your friends, and tweet to your Twitter followers 3) Copy/paste this message to your favorite crypto forums Don't let crypto get beaten by a bunch of high school kids!
  7. 4 points
    Again, this is nonsense. You’re stating here that there will be a cap on the price because “ people won’t be able to buy that much”. We’re talking about market liquidity here: market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. Liquidity is about how big the trade-off is between the speed of the sale and the price it can be sold for. In a liquid market, the trade-off is mild: selling quickly will not reduce the price much. In a relatively illiquid market, selling it quickly will require cutting its price by some amount. Liquidity is highly correlated with the daily average trade volume ( over a longer period). Whole crypto is an illiquid market as to now. And you’re right that parabolic rises of the price are more difficult, or even impossible, to sustain than organic rises. But although the correlation between liquidity and price level is not so high as with daily average trade volume, one can state in general that liquidity will be higher with higher prices. ( why do you think that is??) That’s the inverse of your statement!! It all depends of how much interest there is for a certain stock/ coin and the spreads ( highly liquid = tiny spreads). There’s no fundemental cap on XRP’s price that can be calculated with indicators like market cap. BTC is an excellent example, going from cents to $ 5000 in 10 yrs.
  8. 4 points
    The bit I quoted was from the linked source JannaOneTrick put up downloaded from the WTO website. I don't read this stuff, just borrow bits that catch my eye and dump them back on line. Janna seems to be a serious asset to the forum. I think no one really knows what to predict because we are really in uncharted territory with huge volume being generated from public arriving via social media sources and buying on their Iphones rather than through the stock brokers. Crypto might be as disruptive to the stockmarket ways of working as they will be on Banks. (Just the hunch of an outsider looking in)
  9. 4 points
    I agree, but crypto will perhaps behave differently from traditional stocks. The size of the stock market, inflows and outflows, are pretty constant because the people investing are a very well defined class that know their buying limitations. Crypto does not just get funds from the stock markets, funds also arrive from a global market of every person that owns a mobile with a wallet. As the price rises perhaps doubling every week, millions, perhaps billions of mobile phone users from countries as different as Kenya to Canada will learn of this bonanza from the media and join the crypto fever. In 2017 they were stopped from joining by the arcane methods of registering and buying on esoteric exchanges that did not have the resources to keep the bonfire blazing. So the flames were doused before all but a fraction of the potential buyer had entered the market. The next bull run will be higher and longer and involve perhaps 10 times more people, but perhaps the crash will be worse because more innocents will have been dragged into the market and over extended their savings accounts. I expect the crash will come back to a higher low and be stabilised by institutional money... and then a new cycle will begin. Utility will eventually stabilise the market. This is how the IMF think the market will behave
  10. 4 points
    This is going to be lengthy, but bear with me - I don't think that's an issue at all. The thing that people get stuck on is equating price or market capitalization with value, however no such line exists. A price at any given point is nothing more than a reflection of the market equilibrium point between circulating supply, volume, buyers and sellers. Our current price of around 32c simply means that given the current market conditions, volumes, short and long interest, all parameters are balanced at 32c. If someone wanted to exit the market (thereby extracting actual "value" from the asset), they would have to do so within the constraints of the current balance (current volumes, order book depth etc) in order to extract value equivalent to 32c per xrp. Deviating outside of that which is supported by the market at this point would disturb the balance and cause the price to re-equalize at some other level which in itself would be a reflection of such buying/selling impulse. Fundamental value, what Ripple may or may not be doing - or anything else for that matter - feeds into this equation, but IS NOT in itself the equation. The equation and the resulting balance are always caused by the exact same thing - price represents a market equilibrium of supply, volume, buyers and sellers: Good news on the Ripple front may peek buyer interest and tilt the balance. FUD and FOMO tilt the balance. Circulating supply tilts the balance. Volume and adoption will tilt the balance along with increasing value that can be extracted from the market without disturbing its balance. The price thus has very little to do with value. The price is always a product of pure market behavior at work, and in itself is representative of market equilibrium at that point in time. Since the price is produced solely by the market, there is no upper limit to how high the price can appreciate. This is the reason that BTC topped 20k in 2017, and this will be the reason that BTC tops 200k in the future. Does anyone really think that BTC is worth 200k? Now, does anyone really think that BTC is worth 5k? The real worth of BTC is exactly zero. You are buying nothing and getting nothing. Yet, BTC is trading at 5k at the moment, so clearly BTC is not worth zero; it is worth 5k. The reason that BTC is worth 5k is because the current price balance of market volume, supply, buyers and sellers all intersect at 5k. This intersection creates the price, and price drives the perception of value. This perception of value ("it's a bull run!" / "the price is tanking") then drives the market behavior, and the market then fuels itself. The key point here is this: price is the sole product of the market itself. If a price of some asset is x, that does not mean that the asset is worth x, but rather that the market operating against that asset is balanced at the level that supports the price of x. Using BTC example: if BTC ever cracks 200k, it will not be because BTC is actually worth 200k, but rather because the overall market conditions all find balance at the price which is 200k. 200k will thus be the measure of market efficiency (or the lack thereof) first and foremost, and not any type of reflection on BTC's intrinsic value. This exact behavior applies to all crypto assets, including xrp. Underlying asset sets the core parameters for the model, but it is the market itself that produces the price. Now, as to your specific example - If xrp is trading at 5k that means that the intersection of all buyers, sellers, circulating supply and trading volumes are all balanced at a level that supports price of 5k. If we are at 5k, then it is likely that all bagholders have long sold their stacks and there is noone left to tank the market. Let's suppose that is not the case, and someone finds a ledger under their couch with 10k xrp. They dump 10k onto the market, when the market can only support 1000 xrp at 5k level. This throws off the balance, which then reduces the perception of value, which then causes the price to pull back sharply to some lower level. Once price stabilizes (at whatever level that may be; 4k, 2k, 0.5k) the market will again be balanced with respect to circulation, volume, buyers and sellers, except that this time around there will exist one less dusty ledger with 10k xrp that can be dumped onto the market. Market will do what it does until eventually it can punch through the 10k barrier. This behavior is normal, and this is exactly what causes corrections and market cycles. Now, as to "But market cap! But Chris Larsen!" - This is all BS created by the false equivalency of price and value. Price is what market can support GIVEN CURRENT MARKET CONDITIONS. That all caps portion is what conveniently gets omitted from price quotes and market caps, leading people to believe that both are somehow absolute when in fact there is an entire dimension missing from the quote. At any given point in time, value that can be extracted will be dependent on market conditions as it is the market conditions that create the balance (aka the "price"). In other words, the current price of xrp is not "32c"; it is "32c only if xrp is bought or sold at some hourly volume lower than x". Any volume greater than that supporting the current balance will disrupt the balance, and the price will no longer be 32c. Market cap conveniently ignores the second part and assumes that the price is "32c for all!". It should be apparent by now that this is a complete fallacy as it assumes that the total value could be instantly extracted from the market without affecting its balance (price), when in reality the extractable value given any price is likely nothing more than a minuscule fraction of the total market cap. Chris Larsen was a multi-billionaire on paper during ATH, and he could have been a multi-billionaire in real life if the market could *just* sustain a balance of $3.4 and do so for the next five years with him dumping a small portion of his stash every day. Funny enough, that's not how it works. Tracking or comparing market cap would literally be equivalent to me creating a personal KPI called "Automatic capitalization" that tracks my current personal net worth if I would have bought Amazon stock at $7 (except that I didn't), and then use the resulting number to make arguments about how Amazon shares can never reach 10k because that would make me the richest person in the world. A number not rooted in reality cannot be used to make real arguments. "Market Cap" is not rooted in reality. The end.
  11. 4 points
    Julian_Williams

    Still XRP

    This is a very interesting explanation of why XRP is lagging just at the moment A good read : https://hacked.com/crypto-price-analysis-ripple-in-a-long-wyckoffian-accumulation/ Their conclusion is that when it goes it will shoot higher and faster than it did in 2017/18 - which is what many of us have been expecting.
  12. 4 points
    Sounds like a lot of effort to get to your keys. I keep my keys in a bowl by the door so I can grab them before I drive anywhere. I keep my xrp on a nano, in a safe, in an underground vault, guarded by a three headed dog.. That's how convinced I am.
  13. 3 points
    Yhodla

    Still XRP

    Looking back at my crypto investments, I just realized XRP is still my best performer, despite its plummeting since ATH. XRP was my first crypto investment and I bought my stash in July 2017. I'm still in love with the project. I'm still expecting amazing news. I'm still believing that a lot of work is happening behind the scenes. I also realized that being a crypto investor is a tough thing. We go through a lot of emotions. Whatever the result of the crypto market capitalization in 2, 5 or 10 years, this whole adventure changed me. I learned to be self-critical and to reconsider my beliefs through other points of view. I don't post or react much but I'm keeping an eye on this chat. A lot of people don't post anymore, I believe they got tired of always repeating the same things. I'd like to give them a big shout out. At the dawn of a new crypto era, I keep confidence in my early positions and will hodl strong. Just like an amateur marathon, we won't see many of us crossing the finish line.
  14. 3 points
    XRPto50dollars

    Charts - How To's

    investing in crypto today is akin to being an early buyer of the first car, or being the first on your street to own a brick cell phone in the 80s. Its 'stupid', 'makes no sense', 'it will never catch on', its 'just a 'fad'. most current coins will ultimately fail and be replaced by currently non-existing coins within 20 years. it will be interesting to see which coins of today survive the ever changing crypto environment.
  15. 3 points
    BobWay

    Chat: General

    https://www.dcode.fr/tools-list Good luck!
  16. 3 points
    BobWay

    Chat: divisible units and pricing

    You can define new assets other than XRP on the XRP Ledger. One of the things you could define if you wanted to, is a substitute version of XRP. PRX is that asset. If you know how, you can buy it for XRP. The XRP remains locked up on the ledger in a type of smart contract implemented on the XRPL itself. It was a pretty cool hack. Because of that lockup, you can always sell your PRX back for XRP whenever you want. ILP uses XRP, but because of the high volumes of really small payments, not all of those payments go through the XRPL itself. For this use case, the streaming payments protocol uses XRP payment channels. That allows the to parties to "clear" a lot of small payments very fast. These could include sub-drop payments if they wish to implement that. The sub-drop payments would then accumulate into full drops that could be "settled' on the XRPL at any time.
  17. 3 points
  18. 3 points
    @Julian_Williams, That Blockchain Business Value Forecast document sure looks interesting. I googled it and found it costs $1,299.00 Thats some pricey knowledge you’ve acquired; good on ya! Seeing Gartner’s forecast I realized that my thought of how I perceived XRP would rise in value matches what they forecast for the business value. It’s only these last few days since seeing your post that I’ve realized that XRP’s value could be a bit of a roller coaster ride following Gartner’s cyclical growth trajectory. Makes sense as I’ve already been on one part of the roller coaster ride. This flat part of the track is a bit boring. Been good for packing the bags a little better. You and @JannaOneTrick have been putting out some great education lately. My perspective on the possible future has been getting brighter.
  19. 3 points
    What you are describing is accurate. What you are missing is that the same effect takes place many times over as the price ascends to those heights, and with each iteration it shakes out the bag holders and reduces the amount of asset that can be obtained by newcomers. Almost no one currently on this forum will be around if xrp ever gets to 200 (much less to 5000) because they all will have sold long ago. If xrp were to go to 5000 tomorrow then there is no way in hell it could hold that level as everyone would dump. If it were to get there gradually then it would be an altogether different predicament. BTC couldn't hold 20k level because it got there too quickly. The subsequent drop has shaken off some of the bag holders, with the new round of investors entering at 4k and getting much less bitcoin for their money. Next time BTC gets to 20k it will punch through because 1) big bag holders have already dumped, 2) new bag holders have much smaller bags, and 3) new bag holders need a much higher price to realize their desired profits. This is market cycle at work, and it applies to xrp as it does to btc.
  20. 2 points
    Tree Update (395 days later): the pinching was a success. notice the 'V' in the tree. thats where i cut the tree in half (see photo above) and the 'crook' towards the bottom was another 'pinching' as well some burn marks started to appear on the leaves which is not a good sign, but we'll see how things go. i know there are new people in XRPchat. anyone else grow a tree yet?
  21. 2 points
    I'm not sure about law outside of the US. However, if you are in the US, a prize which can only be obtained with a monetary contribution would be considered an illegal lottery/sweepstakes. This is why all sorts of promotions mention "no purchase necessary." If you've heard of the McDonald's Monopoly game, then this article explains how a guy received 400~ game pieces without ever buying anything at McDonalds. Although, it did cost similarly in postage; and was definitely a much worse investment in terms of time. It's never a free thing and some "free entry" stipulations are so particular that they're kind of designed to disqualify those free entries for all sorts of reasons. I thought I recall reading one where your entry had to be on a postcard of a precise size and in a certain ink color, along with typical things like "handwritten" to avoid just paying a copying service and such. There's a bit of reading here that is reasonably well-rounded in covering the bases of raffles, lotteries, sweepstakes, etc.. There are likely better articles out there that discuss this in a more clean and direct fashion, but this one fit the general goal of what I'm mentioning. Just some insight in case anything like this does grow ^^.
  22. 2 points
    itcdominic

    XRP: Endgame

    I am excited to see the endgame vision. My personal feelings are this: The regulation clarity will come and yes its the SEC in the USA that will cause the biggest "OH-MY" moment. I feel that when they decide to clarify this....there will be a lot of folks on the sideline that wish they were in. I don't think we will see a slow trickle up....instead I predict it will be a very large parabolic event that will happen fast. Yes, I hold XRP, and XLM, and BTC, and even a little DOGE(its because my granddaughter likes the dog - HAHA). Do your own research, make your own opinion and never invest more that you can afford to lose. #HODL
  23. 2 points
    Personally I believe that liquidity of supply is an important factor. However it’s importance diminishes with a higher price... As with a higher price you need fewer tokens. Also I would like to compare the price development of BTC in the past 10 years as a bottom lvl floor for the popularity of XRP. This because XRP is a better crypto on most all levels. This means that in the coming 4 years (XRP was created in 2012) it has a possible (on average) rise of 60x to go. That is assuming that the present price is the baseline. Which seems to be approx. right. So at the end of 2022 we will have a price of ~ $ 20,- ( 60 x 0.33). And...... this price level was predicted by David Schwarz @JoelKatz . The chance of this actually happening is related to the continued positive technical development of the Ripple ecosystem and the continued rise of XRP as a popular payment token. From the recent developments I would say we are ‘on track’.
  24. 2 points
    That’s a clickbait title from hell. So he was denied a visa to the US not denied by ripple. Who comes up with these titles?
  25. 2 points
    I have been a long time lurker on here and recently decided to set up an account. The main reason I became interested in this was because at the time it was taking 3 days to transfer money from bank to bank here in Australia. They now have osko payments, these are not real time settlement. The settlement occurs at a later date. When I first saw the speed of xrp and the proposal behind it, it was a legit holy F%^K moment. In a world where everything is getting faster and more efficient I just cannot see other institutions keeping up. I feel that the SEC decision is a huge factor in just how quick adoption will happen. I think there will be exponential growth. I keep my keys on a ledger in a fireproof safe. Thats how convinced I am
  26. 2 points
    But not all people who bought at 30 cents will sell at $ 50. There are many that sold at $ 1 already and some will wait because they expect it to rise to $ 75 soon. What @automatic posted really holds, maybe read it again carefully. Marketcap is BS. It’s no indicator for possible or impossible price levels. The market cap myth has been debunked so many times on this forum that I think this myth has reached it’s maximum forum cap already.
  27. 2 points
    just an item of interest I thought I would share.
  28. 2 points
    https://www.pnc.com/content/dam/pnc-com/pdf/corporateandinstitutional/Treasury Management/PaymentSolutions/Spring-2019/payment-solutions-spring-2019.pdf
  29. 2 points
    This was a pretty detailed post by Genesis about their lending practices and they provide a bit of detail about how the price of XRP affects demand for borrowing. Also, surprise! XRP is their second most in-demand asset for borrowing, outpacing ETH even. https://genesiscap.co/q4-insights/
  30. 2 points
    One day when you grab your keys and drive off anywhere, I'm gonna come grab your three headed dog and go make my fortune in a traveling Circus Sideshow!
  31. 1 point
    Flintstone

    Avocado Tree Time Machine

    I’m guilty of watering with tap water so going to switch to rain water only and see if it helps. Failing that, a bit of lime.
  32. 1 point
    The person who created this link used either: a link shortener (like https://bitly.com/) and an utm builder (&utm_source=share_petition&utm_medium=copylink&utm_campaign=share_petition). These are both marketing tools. The link will not harm your computer, it leads to the https://www.change.org/ website. Although, the original link is so long that the creator decided to use the link shortener to spread it on social media (a tweet is 280 characters and a crazy long link won't attract the readers). As to using an utm builder, that's different, it will give the creator information like the percentage of people who clicked it from this or that source etc etc from Google Ads.
  33. 1 point
    ^^ this pretty much sums it up. The end.
  34. 1 point
    Welcome to my follow list Janna. Much appreciated!
  35. 1 point
    Flintstone

    Avocado Tree Time Machine

    @dr_ed Pics.... or it never happened We need pics! @BobWay Do you have green fingers?
  36. 1 point
    XRP went 35000% in 18 months I have no idea what’s possible in a future scenario if irrational exuberance kicks in. What ever the percentage increase I’m quite certain I’ll be happy.
  37. 1 point
    Do you even read links and answers to your post? I give up. You’re clinging to your opinion in spite of everything, without contemplating or reading opposite facts and market principles. When at Binance there’s only 1 seller who asks $ 50 per XRP who finds 1 buyer that is willing to pay this price, it costs only $ 50 to move the price to that level. Yes, this is theoretical, but that’s how it works in principle. Read @automatic‘s post and my link again. There’s really no fundemental nor practical principle that puts a cap on XRP’s price besides buyers interest. Price level of Apple stocks isn’t capped by a lack of money from investors. Period.
  38. 1 point
    2ndtimearound

    Still XRP

    However, we seem to be in a "the longer the base, the longer the base" phase
  39. 1 point
    Gorgalosk

    Still XRP

    Called it “ripple” throughout the entire article. Hopefully their TA skill is better than their research skill.
  40. 1 point
    itcdominic

    XRP Tip Bot: Crypto Wrapped in Fun

    All server staff should get ready and wear a pin or have a pre-printed QR code to share. In fact we need a graphics person to create a template that explains XRP tip bot and the user can then modify with their own QR code and take to printer for printing and have on a small square card to give out with the customers bill. I like his idea of the sharing via a paper or printed QR code....AWESOME #XRPARMY - lets get this out to the service community. @xrptipbot
  41. 1 point
    Standing by my belief that low-rent "social media marketers" are being paid to spread negative opinions about XRP here and elsewhere. There's been a significant uptick since Jan 1.
  42. 1 point
    Great Find! Rakuten is another huge story - look at its wiki profile - https://en.wikipedia.org/wiki/Rakuten https://cointelegraph.com/news/japanese-e-commerce-giant-rakuten-to-launch-its-crypto-exchange-in-june
  43. 1 point
    Staigera

    100k stuck since 2018

    I don't make excuses i'm not a tender flower like you on this subject. You see a thief, i see a man trying to survive, I see a survivor. He takes the risks with it . And also He aint my friend. This world runs on corruption, i don't lose sleep if some guy jacks abit of juice to power some rigs.
  44. 1 point
    MemberBerry

    100k stuck since 2018

    Classic ponzi scheme. I think they want people to provide their exit at 3-5$ with liquidity so they can "programmatically sell" to underwater"investors" 😂
  45. 1 point
    Staigera

    100k stuck since 2018

    Who knows what will come. Even ex ripple employees wanna dump their bags at €3. If it reaches that in the next year's.
  46. 1 point
  47. 1 point
    Staigera

    Thanks for sticking together

    Interesting. But what do you mean with "passive investor"
  48. 1 point
    Staigera

    Thanks for sticking together

    Yeahhh my hands are itching as well, I really wanna buy more, but a little voice in my head says "wait a bit more, just a bit more" So I'm just gonna sit this one out for atleast a week see what happens. It takes 2 days anyway for the funds to get to Bitstamp.
  49. 1 point
    Staigera

    Thanks for sticking together

    Thx for the compliment . I know it's like an addiction at this point haha
  50. 1 point
    Staigera

    Thanks for sticking together

    Hey XRPfan_Eelco, Thanks for the warm embrace, appreciate it. Man that sounds really fun, but next week Monday me and my GF go to spain for a well deserved vacation. So unfortunately i can't make it. Anyway hope you guys have fun at the meet and greet. Cheers to you to
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