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Showing content with the highest reputation on 09/22/2020 in all areas

  1. But when you are......
    10 points
  2. Bitcoin has been above $10k for49 out of the last 56 days and has currently been above $10k for 12 straight days. Bollinger Bands are tightening. Hash Rate is 4th highest ever. Progress continues. If Bitcoin breaks to the upside after this consolidation $10k will be set as the floor.
    7 points
  3. @BillyOckham's analysis is correct: 80%—the quorum requirement—is a threshold for consensus defined in the code. The developers chose the number 80% based on the best understanding of the nature of the problem and the overall algorithm's behavior in various theoretical and tested circumstances, and (I believe) because 80% is an easy number for humans to understand. The XRP Ledger's protocol is designed so that each server operator can choose their server's UNL based on their own ideas/rules/parameters. It was always known that servers that have very different lists from each other wo
    5 points
  4. I called 11 cents a while back. I'm rarely wrong. The chart speaks for itself. Zoom out and you'll see a clear pattern develop over the last 3 years. We don't need 500 odd pages of charts and lines, everyone can see where we're headed and the pattern hasn't changed. There are absolutely no signs whatsoever of this changing anytime soon.
    4 points
  5. They just posted a position for someone to work on some kind of loan product. https://medium.com/@KarmaCoverage/how-xpool-may-work-an-attempted-guess-daf3674f17c7 I personally think that all these network businesses (Goog, fbook, Amazon, etc) make money from monetizing the identification of a Route (Ripple's shortest path algorithm) through the network, and then the movement through the network of the data/objects/value. Right now the only monetization that Ripple Inc has is annual software to banks and FIs, as well as their XRP. The reason I think it is almost 100% guarantee
    4 points
  6. It's analogous for the reasons I mentioned. I don't need ownership rights or dividends based on my expected risk adjusted return over a 6-9 year hold. I also feel that Brad spoke too soon regarding certain milestones which required regulatory approval. They missed these milestones and because of delayed regulations they have had to adjust their strategy. You seem to be concerned for the value of your holdings based on certain statements that were made and didn't come to fruition. These weren't lies they were expectations. What most fail to grasp is that what Ripple (and XRP as
    3 points
  7. Not to beat a dead horse on this topic but anyone with any experience investing at the seed stage across most verticals can expect their investment to be completely illiquid and tied up for 7-10 years before a profitable exit. You can certainly draw parallels to XRP being at the seed stage in 2016. Sure, it was created several years earlier but the market wasn't ready and the plumbing wasn't ready until 2016 to start marketing and laying out use cases for its promising utility. While I, too, didn't discover and decide to invest in XRP until 2017 my mindset with it is to pretend my zerps are
    3 points
  8. Agree. Bloggers and bots are cheaper than real profitable bussinesses with revenue. I bought xrp in 2017 and holding since then. Not planing to buy any more XRPs. We have given them enough credit and time. It is time for Ripple and Mr. Garlinghouse to show results. We have had enough tweets about politics, equality, shitty podcasts with JK and other subjects...
    3 points
  9. Easy there... I have no clue where and when you said/discussed the utility scan site is not reliable. I don't follow you around every topic to see what you have said and tbh with your attitude not sure I want to. Maybe the website is not reliable but the onus is on you to tell me why it is not reliable technically since you made the claim. So far it is the only option we have to try to track ODL and i have spoken to @mouradskiand I like the methodology he applies on how he tracks ODL and for me I will take his technical explanation over some dude screaming unreliable and demanding others agree
    3 points
  10. I see the sense of entitlement crew are present.
    2 points
  11. So it's like an equity investment is it? But without the ownership rights or dividends or ability to hold management to account or protection that auditors provide, reducing the risk that the numbers told to you by the management are complete nonsense?
    2 points
  12. You know who the half paid crew is when they start writing posts like the 2 above. Please make it less obvious.
    2 points
  13. I completely agree with you here. If you don't mind, I will continue to beat the horse just to make sure we're all on the same page...Lol!! I think a lot of people have been just randomly putting money into various assets/platforms without truly understanding their specific use case, their target industry, and product-market fit. Fintech platforms/companies like Ripple are targeting and bridging the world of crypto/blockchain to that of traditional financial markets. They are working within the confines of a highly conservative and regulated space that moves at a much slower and methodica
    2 points
  14. Sorry but this does not make sense. Of course that time counts. In 2017 they had a working product and they were marketing it by giving statements that haven't come true (i now think they were basically lying to make xrp more appealing by pretending it was about to reach mass adoption among institutions and banks, aka creating fomo). Meanwhile they were emptying their own bags. What progress have they shown since then? Zero. No banks, same number of institutions, no price increase, nothing. Xrp is an almost infinite funding machine to pay 300 employees doing what? And yet they raise mone
    2 points
  15. I’m pretty sure that RL has bought at least half of the members on this forum. We all like to say “Keep buying the dips” but Mr Garlinghouse says “Keep the dips buying”
    2 points
  16. at the present rate (200,000,000 xrp/month) it takes 244 months (20 years and 4 months) to release the remaining 48,8blns. But we suppose that: 1 this rate won't be constant. Actually there has already been an increase from 2018 (the rate of release was even smaller) 2 assumed that price is going sometimes to increase, this should happen before the whole 48,8 blns have been released. actually there's a mistake in the chart: Jan 2018 is at the origin, but the first month all released xrp went back into new escrows. so first release took place in Feb 2018.
    2 points
  17. I don't think Ripple missed the DeFi boat at all. Ripple's approach to DeFi, in my opinnion, will be completely different than what's currently going own right now. DeFi, as we know it today, primarily represents only retail investors dabbling about aimlessly trying to find their footing. David Schwartz touched (47:52 - 49:08) on this in a Fireside chat with CoinTelegraph this past June. Through RippleNet, Ripple will/can offer many services like the XRP-denominated loan product (already in the works) as well as DeFi services and offerings to INSTITUTIONAL clients. This is where the REAL money
    2 points
  18. A published UNL reflects the publisher's recommendations, based on whatever criteria the publisher has and information available to him or her. Such judgements represent a given moment in time and have a shelf-life. They shouldn't be "perpetual." It would speak volumes if nobody cares enough if no UNL were published to actually go and publish their own. Inertia is a horrible thing. It is, in fact, deleterious to things that are open to anyone but belong to nobody. Codifying inertia would be tantamount to a death knell, in my opinion. Please don't feel this way: it's great
    1 point
  19. Oh, I forgot "plumbing", new bs word of the year. Plumbing here, plumbing there, plumbing nowhere. No plumbing my friend, this is the internet and has been working for decades. #stopthebullshit
    1 point
  20. Bla bla bla regulations, bla bla bla payment rails, bla bla bla Brad's optimism, bla bla bla NDAs. All those unknowns can be for good or for bad. Yeah sure, they may have now 1000 customers or maybe 0. Who knows. For me, no news is bad news.
    1 point
  21. I applaud your effort to quantify it but I seriously doubt it is possible to achieve a sensible result of any prediction in this area. It is almost a binary thing I think. Either XRP will wallow like the present and dribble out till the world loses interest, or it will at some point experience exponential growth and the whole landscape changes. At that point any trends predicted using the pre growth data will be obsolete. So to me any escrow analysis at this stage is pointless and fruitless.
    1 point
  22. What @aavkk wast trying to underscore was that the technology was brand new during this period of time. What @aavkk said was "Sure, it was created several years earlier but the market wasn't ready and the plumbing wasn't ready until 2016 to start marketing and laying out use cases for its promising utility." As I explained in my previous response, changing the way value is transferred globally will take years to be fully realized. The fact that people expect Ripple to uproot and change what's taken +60ish years to build in only 5 years is not rooted in any kind of common sense or reality. I u
    1 point
  23. Unfortunately banks have zero interest and zero use case for the financial equivalent of chucky cheese tokens. Despite Ripple pushing this narrative since 2013/2014 there is no bank using or holding XRP. Ripple's narrative of XRP providing liquidity and free money from nostro accounts was wishful thinking at best and fraud at worst. They really have pivoted over the past couple of years into use cases for small remittances, video games, web micropayments and now DeFI. Who knows XRP might eventually find a use case but the hype of freeing up nostro/vostro accounts and being a universal set
    1 point
  24. I would wait , we may see 0.16-0.18$ really soon.
    1 point
  25. https://uniswap.org/docs/v2/protocol-overview/how-uniswap-works/ https://uniswap.org/docs/v2/core-concepts/swaps/ https://uniswap.org/docs/v2/advanced-topics/understanding-returns/ https://uniswap.org/docs/v2/core-concepts/pools/ Just skimming these links, I do think Uniswap works a lot like FXRP, but on the ETH network. This also is another way of creating a Pool of Liquidity, the key drawback I see is the folks providing the liquidity, have to provide both sides of the pair, so to be a MM for BTC:XRP you have to have both BTC & XRP deposited with the liquidity pool.
    1 point
  26. https://newslogical.com/ripple-eager-to-introduce-xrp-into-indian-market-for-remittance-navin-gupta/
    1 point
  27. There wasn't an official announcement made, only a job listing posted on Ripple's careers webpage. Folks in the community got wind of it and various crypto news outlets also picked up on the job listing as well. The position was posted some time early May, but was filled fairly quickly like in July, I believe. I found the closed LinkedIn profile for the position here.
    1 point
  28. No offense, but "delusional" is a big word to bandy about. I have run my own business for forty years now and I think I am known for my calmness rather than letting fantasies get the better of me. OK, I will take this: In the present environment it might be construed as delusional to call XRP a "store of value" maybe it is a word thing? ( every investor in XRP is putting in saved money in the expectation that the value of their investment will grow; are you calling every investor in XRP "delusional"?). But lets forget about that use of the phrase "store of value", it is not del
    1 point
  29. Well, in the 20th Ripple Drop episode (03:00 - 03:40) Brad G. talked about how Ripple was in very strong position financially and that they were considering making strategic investments and/or possible acquisitions this year. If we take a look back at the end of 2019, Ripple announced the acquisition of Algrim and Logos towards the end of September. We're quickly approaching the tail end of September. If they continue this trend, we could hear some news shortly regarding acquisitions. I'm thinking their acquisitions will be more so for shoring up engineering staff for the development o
    1 point
  30. https://heraldsheets.com/analyst-says-xrp-price-has-potential-to-surge-by-30-once-it-breaks-this-resistance/
    1 point
  31. You’re welcome. I appreciate the opportunity to discuss the topic.
    1 point
  32. US banks barely trust each other too, hence the 2019 repo debacle, no one trusted anyone else to pay them back. Jim Rickards made a good point about currencies and that whoever Satoshi Nakamoto is/was didn't really understand monetary policy. By capping a currency, to any number, you make it inelastic; there's no way to adjust for inflation or deflation. You get abuse both ways, the Fed can debase/inflate the USD or BTC can deflate to the moon. It's a naive solution from someone who didn't really understand that you can't just do the opposite of inflation, lock it into the protocol and
    1 point
  33. https://heraldsheets.com/ripple-moved-16-2-million-xrp-from-binance-as-jed-mccaleb-xrp-selloff/
    1 point
  34. Mr-BLINK- KITAO? Get the tinfoil hats out and drink that bottle of hopium.
    1 point
  35. Depends on what you're asking: the network should continue operating normally, but server operators would be justified in taking decisive action. As for the network, individual servers would continue operating, collecting validations and running the consensus engine. If a sufficient number of validations from validators on a server's UNL were received, that server would advance its ledger. If not, the server would not. For servers using the UNL currently published by Ripple (which currently includes a total of 38 validators), the remaining 32 non-Ripple validators would be enough to co
    1 point
  36. What would happen if @LetHerRip closed all his xrpchat accounts? Would you still be here?
    1 point
  37. Unless the site is lying and hiding volume, (which I think would break a number of financial regulations in Australia,) then there is clearly no increase in XRP ODL from the Australian side. This is the BTCMarkets chart as of right now. You can see the treasury volume at base of chart on the far left and the non-growing volume ever since. Masking tags, sharding payments etc would not mask the trading volume indicator at the base of this chart. So I don‘t believe that AUD volume is growing at all. I assume it’s similar elsewhere.
    1 point
  38. Guys, According to the United States Patent and Trademark Office (USPTO), here is a list of all the patents owned by Ripple Labs, Inc., a few of which have been recently published this year (2020). The company has added quite a bit of intellectual property since I first started following the company back in May of 2017. Please note that all of these patents have not been awarded yet; most are marked "patent pending." Also, the United States is a first-to-file country. When comparing two similar patents, an inventor's "priority date" is considered the date the patent was filed. This
    1 point
  39. whooaaa... @Julian_Williams ... your post smacks of xrp-zerodoubt-crypto-moon-conspiracy-joy which I thought was been frowned upon ATM. 8) But yes, It's A Sign..8).
    1 point
  40. RTGS Global "news" is a paid advertisement by a Forbes Contributor. Nothing of value can be taken from that "article" When a credible source references this patent pending technology I will pay attention. Until then we just have to worry about China, Google, Facebook, Swift and everyone else on planet earth other than this.
    1 point
  41. Hopefully somewhere in our lifetime.... But I'll settle for a mere 10 percent of that.. (edit : even 1 %).
    1 point
  42. Oh well, we shall see. Glad I went into other projects in the last few months. Still hold some XRP but lost confidence that this digital asset will massively go up in value. Won`t be long IMO and XRP will be kicked from 3rd place by LINK.
    1 point
  43. thinlyspread

    Is Linqto legit?

    They are massively overpricing Ripple shares when they get them. At one point EquityZen was pushing them out for ~$10 meanwhile Linqto were asking double that. As with anything like this, get a couple of quotes first and do your due diligence. You have to be careful also with these Silicon Valley "investors". Much of what they do is simply buy up shares cheap as chips in angel or seed rounds, and dump on later rounds or the public during an IPO for 10x or even 100x, then rinse and repeat. Hardly adding any value (they claim they are taking the "risks" and being "visionaries" – total BS).
    1 point
  44. Sukrim

    Hi! I'm Bob

    https://web.archive.org/web/20160413005528/https://wiki.ripple.com/XRP "Ripple credits, aka XRP or ripples, are the Ripple network's internal, or native, currency." - "XRP is the proposed ISO 4217 currency code designated for Ripple." (Written by Arthur Britto originally by the way).
    1 point
  45. This whole situation shows why ICOs are so popular and hopefully when regulations are finally put in place they do not follow the private equity road map. It is ridiculous that an unaccredited investor can buy pinksheets(99.9% scams) , 3X ETF's, naked options and even naked options on 3X ETFs with the only requirement being a $2k balance and clicking a box on an online form saying you understand risks, but you can't touch private equity... Waaaay to dangerous for you peasant, donate your money via the 3X ETF's instead. There is plenty of money looking to be put to work, why restric
    1 point
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