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Showing content with the highest reputation since 08/16/2019 in Posts

  1. 47 points
    I've seen a number of youtube personalities discuss the idea of the XRP escrow being preallocated for use by global central banks as collateral for the issuance of digital fiat currency and effectively creating a montary value 'reset.' I've gone on their streams and tried to indicate a number of issues that rise with the use of digital assets as collateral, but I do think excitement has taken over the space and folks are just not taking the time to see this through. Somewhere back in the past, I wrote comments about how I thought companies like OMNI were really important for the XRP ecosystem, because they were providing redeemable contracts on the XRP ledger attached to tangible assets. When you establish a contract whereby an asset becomes redeemable in XRP - for example, by making a deposit for a leased object redeemable in XRP, or issuing a loan that is payable in XRP - you are increasing the market value of XRP by the amount of the redeemable asset. This is one of the thing that make open and free exchange markets so valuable to fiat economics - there are tangible assets, services, contracts, etc. that are redeemable. Take a 5 USD silver note - that was redeemable to the bearer, at one time, for $5 worth of silver. Asset-backed currencies have value because their notes are redeemable memos that can be settled for real assets. Now consider the role that crypto lending in CDP or collateral debt positions play in transforming the landscape. When you have a mortgage on the book in your name that is secured by the home you have possession of, there are limitations to what you can do with that home. A home with liens against it is taken out of the inventory pool. It no longer contributes to the available assets that can be redeemed with fiat currency. In many ways, a cap on tangible productive assets (and people) introduces a cap to the aggregate value of the fiat currency of a country. No assets to trade = no monetary value. Money is worth nothing when there is nothing left to buy. This is a significant issue for the digital asset space, because you have the transformation of asset classes into representative units of exchange (securitize assets, tokenized assets) that produce lien-like impositions on the underlying asset, and representative debt position that use digital assets as collateral (CDPs). And you will very soon have cascading combinations of both. One day, you will have the ability to take Apple stock in your portfolio tokenized, and you will be able to draw digital asset credit lines based on the deposit of those tokens in your digital wallet. As the tokenization economy expands, more and more conventional stocks will be encumbered, translating the stock exchange mechanism from one of stock trading to one of securitized token trading. It will not be possible, one day, to own actual stock. It will only be possible to own and trade representative tokens of a given stock on various platforms. The impact this will have on the price during the shift will be volatile and then normal as volume shifts markets. Today, you can deposit your tokens with a company like Nexo, get a credit line advance and spend it. This is non-taxable - its secured credit. But this also takes those assets out of circulation - staked tokens that have liens against them are off the exchanges, so far as I can tell. I have asked a question on Quora and requested David to respond regarding hte potential of rehypothecation of assets on the ledger. For those who are unfamiliar with the practice, and how it contributed to the housing bubble and the inevitable collapse of the hyperinflated price bubble - the best way to think about it is like this: blockchain has many features that prevent the double-spend problem from occurring. Rehypothecation of collateral assets is a form of intentional double-spend - where the same underlying collateral asset is treated as if it is owned by two different parties (or more) at the same time. Max Keiser has done videos discussing how rehypothecation has been used between physical delivery and metals and paper metals contracts to manipulate the price of precious metals. So assuming that blockchain ledgers, as a feature, make rehypothecation impossible - this single feature alone makes digital currency one of the most powerful asset classes in history - if ownership cannot be subverted and the books built on it can be made that much more sound, it is an absolute game changer and you can bet that banks are doing whatever they can to allocate and build their positions in it, even if they are dormant and waiting on regulation to actually put those assets into motion. They are buying the fields but waiting for zoning clearance to build houses. What to do in the meantime? These banks are incentivized to keep prices low and sideways, particularly after a protracted bear market where investors have hyped in and are now overleveraged. Companies like Nexo (not saying they will do this) will be very clear about how safe their custody solutions are, and how large financial powerhouses like Lloyd's of London will back their deposits. People will read articles about how they can use a fusion of dollar cost average in bear phases and collateral debt reinvesting during bull phases to grow their stacks without adding more capital in changing market conditions. But consider the impact this ever-increasing CDP market will have on scarcity of inventory, and the inflated pricing effects this creates for deflationary digital assets. More and more liens against digital assets that are not available for rehypothecation and are effectively digitally segregated from corporate funds are locked away from retail markets. Sure, the debt contracts can be traded - and you know this is going to be a new source of banking revenue. But if digital assets are not subject to the same dubious supply issues as precious metals, price increases are inevitable. This is the first wave of the slow bull drive, but it is not the real issue. In times of crises, we have already seen that the transition from asset-backed currency to others results in the confiscation of real assets when times get tough. Owning gold can be made illegal illegal. You can be asked to forcible sell your ounces of gold and silver for face value prices, only to watch the values of metals skyrocket once they are in government possession. History has taught this lesson, are cryptocurrency investors paying attention? Mark my words, as more financial institutions get involved in the business of operating digital asset holding accounts backed by the FDIC we will see unusual shortages, hacks and losses that will amount to voluntary digital asset confiscation. Sorry, your assets are in another castle! ~the FDIC. If I enter into agreement with Nexo by depositing my funds that the collateral assets I yield for consideration are protected to market value by Lloyd's of London, make no mistake that in the event of a fiscal crisis or pending shift in economic situations I will not be able to withdraw my digital asset, but will instead be bought out at market price by Lloyd's - who will then own my digital asset and I have cash. I'm not picking on Nexo - I use them a little bit. I may use them more when I wish to cash out without cashing out. I think the service that they and Binance and others will offer is a valuable service. But I keep the big bags away from these services. Because there will be a voluntary confiscation event where you will have your digital asset deposits cashed out because the terms allow for it. Folks will go to their account one day and see the cash equivalent of all of their crypto assets in their account. This may be caused by a manipulated price event that allows these financial institutions to liquidate your positions to pay off outstanding debt. It may be a "massive security event" that forces insurance to buy out your positions. PR folks are creative. Terms of service that include bail-in clauses are not the only tripwire to watch out for for investors right now in finance. But to go back, there does not need to be a preallocation event for this to occur - it is already starting now. Go look at nexo's growth numbers, just as an example because they seem to be playing a leading role in the hype behind crypto loans. It would only take a few major household name banks to start offering remarkable credit lines and paying out on crypto loan investments to pull many of these assets off the market while stablecoins are floating around. The volume of encumbered assets of just a few major financial institutions would be enough to significantly increase the scarcity of inventory for most of the top ten assets - and who knows how far down the chain this value would trickle as the top ten coins grow out of reach. The idea that XRP - the escrow - of 55 billion XRP is preallocated to banks and slowly being released to prevent scarcity from spiking is an interesting one, but seems both unrealistic and unnecessary. It would drastically cut the supply of available inventory for trade and ledger functionality - and that is likely going to happen anyway as crypto loans take off and fill the economic role that housing did in the 2003-2007 era. It's not xrapid that is going to explode the price - its the lockup of digital assets in loans. Loans people are taking out now because they needed that seed capital - or someo f it - or they just don't want to sell and deal with taxable events. Etc. Etc. Eventually there will be a time when the underlying digital assets we are able to buy today will simply not be available for purchase - only their derivative products. It's going to be a totally remade financial landscape. And if digital assets do become part of a collateral plan to convert to digital currency, hold on to your butts and resist every temptation/trick to sell until you are absolutely ready to let your assets go - I definitely assume that any crypto I put up for loan collateral - even if I have no outstanding credit lines - will eventually be converted to fiat without my consent before this is all over. But those cold storage hodl bags... not your keys, not your crypto.
  2. 33 points

    You Are Not Mistaken

    Blog URL: https://coil.com/p/Hodor/You-Are-Not-Mistaken/j65U-s5O0 XRP fans appreciate hard facts and real business progress! I describe why ๐—ซ๐—ฅ๐—ฃ ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ฝ๐—ฟ๐—ฒ๐—ณ๐—ฒ๐—ฟ๐—ฟ๐—ฒ๐—ฑ ๐—ฑ๐—ถ๐—ด๐—ถ๐˜๐—ฎ๐—น ๐—ฎ๐˜€๐˜€๐—ฒ๐˜ and address important news impacting XRP in today's blog: ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง ๐๐ž๐ฐ๐ฌ: Elliptic, a business specializing in AML compliance, receives a massive infusion of capital from SBI in exchange for services, equity & a board seat. ๐‘๐ข๐ฉ๐ฉ๐ฅ๐ž ๐๐ž๐ฐ๐ฌ: Ripple is sending three representatives to the OECD's two-day conference in mid-September; Kotak Mahindra shares its perspective on Ripple technology in a recent video; Henrique Teixeira, Ripple's Director of Strategic Relationships in the Americas, is scheduled to participate at Cl@b2019; Identitii files a U.S. patent that includes multiple references to Ripple and XRP; Four more banks sign onto Money Tap, SBI's domestic payments platform; Ripple hires Ron Hammond as their Manager of Government Relations; and Equilibrium publishes a new guide for configuring two Interledger Connectors; ๐‚๐จ๐ข๐ฅ ๐๐ž๐ฐ๐ฌ: The W3C's Ian Jacobs publishes an interview with Stefan Thomas; Stefan Thomas and Adrian Hope-Bailie will be attending TPAC2019, the W3C's annual meeting; and I highlight seven content creators on Coil; ๐—๐‘๐ ๐๐ž๐ฐ๐ฌ: The Japanese XRP Meetup organizers publish more information; King Blue's fundraising for St Jude using the XRP Tip Bot now exceeds 100,000 XRP; Jonny Lawrence publishes a new GIF, following the one that went viral days ago; and JannaOneTrick publishes a regulatory fan video; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  3. 26 points
    Liquidity Index for Bitso XRP/MXN For reference: 2.0E+06 = 2,000,000 Each blue bar = 1 day Look at the axis on the left hand side to know how many XRP are used For instance, about 1,200,000 XRP have been used today. Real time version https://docs.google.com/spreadsheets/d/1pZ2POpljERK-oV3rusaCmq58U2badn5i9WOCIP9Wtmg/edit#gid=1888946776 Source https://twitter.com/tenitoshi
  4. 26 points

    You Are Not Mistaken

    I was just trying to remember how I found out about XRP. Must have been just about a year ago. I was going to write something about cryptos.....I already knew Bitcoin was a horrible energy hog, and that it had a bubble in 2017 and it was crashing hard. I didn't take it seriously. I wondered if it was ready to go to zero. I had deliberately ignored the 2017 bull run. I was not a believer in BTC. I knew its days were numbered. As soon as I looked at some charts though, my investor spider sense kicked in. It was obvious the whole crypto market was already extremely oversold....and I began to look at other coins....I began to try to understand what this new tech --- blockchain ---- really amounted to....Bitcoin was not the whole story. Not even close. It probably took me a day or so to figure out that there were many other protocols and that there were 2nd and 3rd generation coins that had apparently solved the issues associated with mining. I got more excited. I read the Maxi FUD about XRP being a "bankers coin" and all the negative stuff.....and figured immediately it was mostly crap. I went to the blogosphere to see if I could get some more perspective. I ran across a couple of really good bloggers. One was a real curmudgeon, name of Galgitron. He had the online demeanor of a grizzled combat vet, and he obviously didn't suffer fools gladly. But he said a lot of things that made me more interested in XRP. And then there was this other fellow....always positive, always up-to-date on the latest news out of Ripple, always steadfast in his commitment to the XRP story. A more prolific writer than the first guy, and a good one. His name, as you might have surmised by now, was Hodor. I haven't missed a blog of yours since, I don't believe. These times of a sideways market with big drawdowns can test the patience of the most serious investor. It's really good to read that the story is still positive, and the tech is still the best, and the ecosystem is growing fast. It's been an interesting year for me...in terms of learning. I like to make money, but I love to learn even more. There is nothing more true than that ancient saying : "When the student is ready, the teacher will appear." Thanks for being one of my best teachers.
  5. 26 points
    I've said this many times before, we are all XRP "holders" by CHOICE. Unless you own token(s) via an accredited ICO/STO you in no way, shape, form, or fashion have any say with respects to how any company/entity distributes, sells, or utilizes their holding of a particular token/digital asset/crypto. Brad said, and i'm quoting: "XRP sales are about helping expand XRP's utility - building RippleNet & supporting other biz building w/XRP ie Dharma & Forte." If you really want to get technical the use case for XRP doesn't even involve retail holders who are just simply buying/holding the asset in hopes to turn a profit as/if the price appreciates. At the end of the day this is pure unadulterated speculation on our part. I purposefully say retail "holders of XRP" because that's what retail ownership truly entails, just merely holding XRP or any other non-ICO/STO token/asset. We like to think of ourselves as "investors" just because we "got in" early with respects to our purchase of XRP or because we've been following Ripple since the company's inception etc, but that doesn't make you an investor. No, it makes you nothing more than a glorified follower and enthusiast of Ripple and XRP.....Period!!! So, say it with me, "I am a holder not an Investor!!!" These entities below are Ripple's investors. Look-a-here, not a single retail investor noted. These are the individual entities that Ripple must answer and give account to. Now, don't get me wrong, there's nothing wrong with, "Asking questions and having a critical mind - with the ability to concede when you are just plain wrong - are the basis of progress." However, the constant whining and bitching about the price of XRP, why Ripple isn't doing this or that, and I expect to be told ABC and XYZ, that the XRP community has been engaged in of late, needs to stop. I will keep saying it again and again, stop blaming a company that didn't promise you riches in the first place for not making you any money. This is the risk you take purchasing/holding any digital asset or token not just XRP. All or most of us have meticulously researched and analyzed the fundamentals (i.e. vision, leadership, community/global outreach, use-case/purpose, ecosystem, corporate/regulatory compliance, partnerships, etc) of Ripple, the company, and their highly strategic and meticulously thought out plan to build the IoV (Internet-of-Value) utilizing XRP and the XRP-Ledger as catalysts. Like myself, most came to the conclusion that Ripple and XRP were going to prove to be a major contributor and utilized technology stack of this blockchain/crypto revolution happening before our very eyes. If at any point you feel that XRP is not living up to your expectations, you can alway sell it via a plethora of exchanges. However, to think that Ripple is going to change their tactics/business plan all because a few "retail holders" of XRP got their panties all in a wad because they expected the price of XRP to be at "$5.00" instead of "$0.26c" is silly. P.S. @panmores this response is not directed at you, but me making a generalize response to the broader XRPChat-Community.
  6. 23 points

    IMF article instant payments

    Hello there. It has been some time since I did a post here. But this information could be something really good. The IMF is looking to adopt instant payment. Not now, but they are looking at it seriously as an alternative. It could be related to ripple, maybe not. But it is definitely concerning cryptocurrencies. If it's real, mass adoption of cryptocurrency is on track
  7. 23 points
    Here's the discussion: XRP needs to be distributed for RippleNet to be successful and Ripple decides how. Some XRP hodlers will, meanwhile, never be satisfied with any rationale for this distribution while their "investment" is not valued to their liking.
  8. 22 points
  9. 21 points
  10. 21 points
  11. 21 points

    Epic Pennant on BTC Chart

    @Eric123 My perspective is a bit different; in my opinion the alt season begins once BTC momentum tapers off and the price becomes stuck. While this may take place after BTC hits some ridiculous ATH, I think that chances are pretty good for the season to start before BTC ever hits 30k (which is the magic public FOMO boundary imo). The reason for my thinking is market manipulation and whale (MM/trading desks/whales) action. Since the market remains unregulated, no safety checks exist that would prevent large players from using their shenanigans to move the market to their advantage. While these large players will be after the exact same thing as retail investors (buy low, sell high), their predicament will be somewhat more complicated due to limited crypto liquidity. Fortunately for them, they can use their large size to move the market to their own advantage and create liquidity needed to enter or exit positions. Unfortunately for everyone else, that liquidity is always created at the expense of retail traders. Take the recent xrp drop below a multi-year support; how many people do you think had their stops set right below support as they were *certain* that the support would hold? Push price below support, trigger stops, create a mountain of sells, mountain of sells provides excellent liquidity for whale market entry at rock bottom prices. Easy-peasy! Hopefully the next step in this sequence is to capitalize on positive xrp market sentiment by pushing the price above intermediate resistance, create a mini bull run, capitalize on the public FOMO, and unload into the wave of retail investors jumping onto the xrp bandwagon. That scenario aside, one angle that is missing from nearly all analysis is the one that attempts to predict what whales and large MMs might do given a particular technical setup. To do exactly that, I think it is important not to only look at price action, sentiment, supports and resistance, but to also contemplate where liquidity is located as liquidity will be the key factor driving whale action. Breakdown/breakout/fear/fomo/short-long squeeze will all be the tools used for extracting liquidity from retail investors in this instance. Wit that in mind, these days I try to not only look at TA and sentiment, but also overlay that with thinking like a market manipulator. Yes, this is the setup, this is the sentiment, this is the expected price action... okay, now if I were a whale what would I do to profit from this setup? When I apply that type of thinking to our current setup, this is what I see: I need to get BTC to 30k; BTC momentum is drying up; alts are freeze-dried (to quote @dr_ed) but people are still bullish and calling for the alt season; no one thinks that BTC will drop below 9k ("that's not how the bull market behaves"). Ok, what I can do now is slowly start to pump the alts to get people looking at that direction and gradually interested; then, I can drop btc to speed up the transition to alts; then I can push btc below 9k to really trigger those stops and create entry liquidity while at the same time pushing alts even higher; then I can sell my alts right into the wave of retail selling their btc and convert my newlyfound gains back into btc at rock-bottom prices. Far fetched? I think it was Phil Potter who said something along the lines of "if it wasn't for us, BTC would have never gone above 2k". Plus, I distinctly remember back in 2017 losing my mind trying to time alts vs btc since as soon as I would jump onto one bandwagon it would begin to pull back and the other would start going up. The lesson there is that large players can effectively use alts to fuel btc, and btc to fuel alts. Alts have thus far not fueled btc, but they are freeze dried and ready to go. Once btc gets stuck, my bet is that it will be the alt rally that refuels it for the next leg up. As to whether btc will get stuck before 30k, we will have to wait and see.
  12. 20 points

    Forte Blog

    This is from the forte Gaming Blog. They have a few other entries worth checking. https://medium.com/forte-labs-inc/forging-the-future-of-games-3aebbaf6eccd "weโ€™ve collaborated closely with Rippleโ€™s Xpring team on architectural designs for trustlessly hosting software services in a decentralized ecosystem using Codius and facilitating cross-chain transactions using Interledger Protocol (ILP) for interoperability and XRP for inter-asset liquidity, all open source projects. We believe these projects offer a strong foundation for a future weโ€™re excited to help game developers build: where game economies offer multi-directional transactions between parties, greater player agency, minimized counterparty risk, multi-network contract interoperability, and trust-minimized computation." "Initially, weโ€™ll help developers with some of the difficult but essential basics. Weโ€™re building a wallet that will be easy to use and integrate with both new and existing games on many platforms and facilitate cross-chain transactions using Interledger. Weโ€™re building a container-based hosting solution compatible with the Codius specification for running game-specific chains and flexible, secure, performant computation that rich, engaging games need. Weโ€™re building a security-audited smart contract framework and tools to inspect nodes, update contracts, reconcile new data, generate data reports, and mint new chains. Weโ€™re securing licenses for regulatory compliant operations in all major markets. Weโ€™re offering market-making services to address cold start economic challenges in new game economies. Weโ€™re building a white-label marketplace framework with embeddable filter-by-game views. Weโ€™re composing these solutions based on a deep evaluation of public blockchains, layer 2 solutions, and off chain computation in combination with our own substantial research and development efforts." The inaugural fund, managed by Forte, is primarily targeting game developers operating live game economies with over 50,000 daily active users Main team members : Kevin Chou founded kabam and sold it for $800 mil, Brett Seyler, GM at Unity Love what Ripple is doing with its investments and building partnerships to fuel XRP usage. In the light of this, I would think the 1 billion investment in Coil would have been very well thought out.
  13. 20 points

    The Big Deal

    That visual showing how much money Ripple are investing in Coil is a big story. A little while ago I watched a video where Stefan Thomas explained how they designed the architecture of XRP (or was it Codius) to be very open and flexible to accommodate change. He mentioned how he was avoiding the pitfall ETH had fallen into, apparently ETH is written in a very dense manner with too many options. In a nutshell his mantra is: Built in plasticity wins over accommodating long lists of options for every imagined eventuality. This guy has a very intelligent approach to developing software. He helped design XRP and now he is going after being first in a very big market he has identified. I am quite sure the present iteration of Coil is open to changing to fit the markets that emerge. I think people should not think the way Coil has been launched has much to do with how it will look in five years time. Coil as it presently stand is an opportunity to get a few techies and XRP fanclub involved. This early in the project feedback is king and people like Hodor and Crypto Eri are doing their bit. Streaming payments is not just about videos and entertainment. I have many subscriptions: Business accounting software, Adobe design suites, Trade reference suites, Address finding software, Microsoft Office, Norton spam filters, mobile phones, voip phones and online tutorial services. This is costing my business many thousands a year. I do not like the blanket fees these software companies charge and would far prefer to pay by usage. My wife has a car she uses once a year. Again the insurance should be on usage in real time. Car hire should be streamed on usage. Parking meters should start when I park and stop when I leave. Streaming payments will be huge. Coil are building something with the plasticity to take advantage of the markets as they emerge, that's why Ripple are putting so much money behind their former CTO.
  14. 17 points

    Epic Pennant on BTC Chart

    Watching Bitcoin/Litecoin/XRP snake their way to the forward to the point of the triangle. XRP got their first and went right through, but XRP does it's own thing. Litecoin will get there by September 20th if it doesn't break sooner. Bitcoin will get there by October 3rd, again if it doesn't break sooner. I'm thinking that Litecoin will break first and when it does it will indicate in which direction the market is heading. Decreasing volume - Narrowing price, We will see a big move soon. Bitcoin is starting to look like a good buy to me here, but honestly XRP looks even better. In the next bull run I expect about a 30-40x run for bitcoin and possibly twice that amount for XRP. So around $400k Bitcoin and around $20+ XRP. Bags are full but still tempted to buy, eh I'm gonna wait till the end of the week, pick up some more XRP then.
  15. 17 points
    In other news, an asteroid could hit earth tomorrow.
  16. 16 points
  17. 15 points
    What does this thread smell like
  18. 14 points
    Hi all, I just found two interesting pdf, released few days ago, from Temenos. https://www.temenos.com/wp-content/uploads/2019/08/Blockchain-Reality-whitepaper-2019-Aug-21.pdf This document seems to date from 2016. They were in full ripple shilling mode at that time. Another one, also publised few days ago (I don't know if it's again a 2016 document) : https://www.temenos.com/wp-content/uploads/2019/08/products-instant-payments-brochure-2019-Aug-18.pdf I wanted to share you these findings. Hope it's not already on the chat. Enjoy!
  19. 14 points
    https://dailyhodl.com/2019/09/01/ripples-cross-border-payments-launch-in-40-countries-across-six-continents/ "Ripple says its cross-border payments technology is now up and running in 40 countries across six continents." "The majority of Rippleโ€™s clients are using the companyโ€™s payment messaging system xCurrent to power payments. But Light says he believes the companyโ€™s XRP-based solution xRapid will increasingly be adopted as companies and regulators become more comfortable with the emerging technology." Sourced from: x@HamEggsnSam
  20. 14 points

    Epic Pennant on BTC Chart

    @jnbr I wrote that the BTC Price would be back at my Trendline by Mid August (Aug 20)which would put it at a price of $13,940. Obviously I missed the mark, but I still expect it to return to the trendline. Basically I'm posting daily updates for two reasons, 1. to watch the price and show indicators of where and when it might move, 2. to let everyone know that I realize I missed the mark and that even though we are not there now I still expect the price to return to the trendline. I don't take my calls lightly and I don't make them at all without putting my own money at risk, my continued purchases of XRP are based on my belief that XRP (and the whole market) are going to appreciate with the bitcoin price. @manateehunter The article says there is no ruling yet, basically looks like they are reporting on a rumor. But assuming it's true that's about $5 billion total. Coinbase CEO said he sees about $200-$400 million institutional money coming in per week and that's just one company so there is appetite to buy up these coins. If the sales are done properly (and not like the Mt.Gox trustee did it) it doesn't have to wreck the market, but yeah it could be a major speed bump. @Caracappa yeah I only see whales piling into ALTs after they made $$ on Bitcoin not after a dump. But who knows we'll see.
  21. 13 points
    If @Cooliozxrp, @longhodler, @Freaky and of course @codiusrex spent half as much time doing something productive rather than posting continually asinine and whine-riddled posts, they wouldn't need XRP to be rich! Hope you guys get a nice big hug soon and feel better. Keep up the good work @Hodor!
  22. 13 points

    Visionaries vs. Protectionists

    Blog URL: https://coil.com/p/Hodor/Visionaries-vs-Protectionists/Dtw6Y_8Vw Who will you follow:The visionaries or the protectionists? Learn more, along with all the latest news impacting XRP, in today's blog! ๐‘๐ข๐ฉ๐ฉ๐ฅ๐ž ๐๐ž๐ฐ๐ฌ: The SWELL Conference website is updated with more details; The fourteenth episode of the Ripple Drop is released; Shanna Leonard reveals details about Ripple's marketing efforts; and the Technology Policy Institute (TPI) covers regulatory challenges facing Ripple. ๐‚๐จ๐ข๐ฅ ๐๐ž๐ฐ๐ฌ: Stefan Thomas discusses the importance of the Web Monetization standard with Reinhard Cate; and I indicate six recommended Coil content creators to check out for subscribers. ๐—๐‘๐ ๐๐ž๐ฐ๐ฌ: Nasdaq includes XRP in its default cryptomarket listing; Xago shares the results of their latest meetup in South Africa; and Colodax, CBANKX, Simex, and goFaast all add support for XRP on their respective platforms; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  23. 13 points
    Recently there has been a narrative the past few months that cryptocurrencies or the current digital assets traded on the open market are non-correlated assets to the traditional markets. While this rhetoric has been reiterated, there has not been any substantial evidence backing these claims. General retail investors would stereotypically agree that the crypto market behaves in a chaotic manner. Untethered from any external influences and simply driven by its gradual adoption as a means of transacting business without third parties or as a haven. But given historical macro movements, it appears that there has been a correlation to equity markets. Intermarket relationships typically become exaggerated during the months of large macro movements in the markets. Allowing relationships between assets to be easily observable. While the crypto market is relatively โ€œyoungโ€, there are several instances within the past few years that have met these conditions. The infamous bull run of Q4 2017 and the September movements of 2018 were two distinct periods where the intermarket relationship between the cryptocurrency market and equities appear. For the sake of discussion, my observations will be primarily focused on XRP. Both BTC and ETH will be sparingly mentioned as most digital assets moved in tandem during these periods. December 2017 During the period in which both BTC and ETH rallied into Q4 2017, alt-coins were experiencing both drastic and exponential bursts of appreciation and corrections. These price movements were often random and unsupported by any announcements or developments in their blockchain networks. And while retail investors in the crypto market were perplexed by these movements, managers and investors outside of the space realized a bubble was forming. XRPโ€™s sudden ascent into single digit dollars late December spurred rumors of elaborate projects going โ€œliveโ€ on the XRP ledger or that massive funds had begun to invest into the digital asset. Yet understanding the financial and economic environment during this period provides valuable context to XRPโ€™s movement. At the time, the US domestic economy (along with other major economies in world) began to enter the late-cycle economic phase. Throughout 2017, global markets were experiencing a bull market that was reflected in equities. Bull markets tend to create feedbacks in which investors continue to reinvest or utilize more capital as assets rise in value and new market participants enter. As lenders and speculators gain money fast, speculators equity grows giving them more collateral to secure new loans to reinvest which reinforces the bubble. As speculators continued to make more money, they began to reinvest in even riskier assets. The crypto market at the current time was a completely new and unregulated market to retail investors, making it extremely speculative. As investors from the traditional markets continued to earn capital, they began to seek other avenues to make more money. Eventually more and more investors found themselves entering into the crypto market after either hearing or seeing how participants were doubling or tripling their money effortlessly and quickly. During a bull market, investor psychology begins to change due to the influx of money being made. This eventually causes a shift in investor mindset where the appreciating assets they own are sacred to them and that anyone without them are missing an opportunity. Which exactly matched the general sentiment around the crypto market in Q4 of 2017. Essentially the performance of global equities created a spillover of capital that reached digital assets. Looking at the historical charts during this period and overlapping them, one can visually see this movement. Equities and the total market capitalization of the cryptocurrency market reached all-time highs within a month of each other. Along with reaching all-time highs in unison, markets began to roughly correct simultaneously with crypto being the first to do so. This was easily explained as cryptocurrencies are extremely speculative in comparison to the equity markets and thus carry the most risk. As markets began to reach their tops, riskier assets began to sell off first which was then followed by other, more traditional financial assets. In order to find how strong of a correlation between US equities and XRP during this period was, one would have to calculate and compare their respective performance. There are several methods of calculating relationships between assets, but my methodology will be focused on calculating the Pearson and Spearman coefficient. Both calculating the Pearson and Spearman coefficient will measure the extent of how linear the relationship between both assets are. Both coefficients are always valued between -1 and 1. A positive coefficient implies a positive correlation while a negative coefficient suggests the relationship being inversely related. Along with that, a coefficient around 0 indicates the relationship between both assets is extremely weak. Spearman's correlation determines the strength and direction of the monotonic relationship between the assets rather than the strength and direction of the linear relationship. โ€œA monotonic relationship is a relationship that does one of the following: as the value of one variable increases, so does the value of the other variable. Or as the value of one variable increases, the other variable value decreases.โ€ (1) The following calculated coefficients used both the SPX and XRP daily closing price (excluding the weekends) from January 03, 2017 to May 10, 2018. Ending at May due to visually seeing a divergence begin between both assets. A total of 341 observed daily closing prices for both SPX and XRP were observed. The Pearson coefficient between the assets was calculated to be 0.783669 while the Spearman coefficient is 0.861674. Both coefficients calculated suggest a moderate to strong correlation between the S&P and XRP during this period. Confirming the assumed correlation derived from visually interpreting the overlapped historical charts. Final Thoughts: โ€ข Due to the crypto market being illiquid and having shallow order books compared to equity markets, cryptocurrencies experienced exaggerated movements compared equities. โ€ข The May divergence can be attributed to many factors such as governments clamping down on exchanges/cryptocurrencies while warning retail investors that crypto was an unregulated space and penalties could be handed for illicit activity. Another possibility could be that capital began to flee in the wake of a bear market beginning in cryptos and along in global markets. September 2018 Although a divergence followed the market corrections of early 2018 between equities and cryptocurrencies, the correlation would reemerge later in the year. While digital assets further depreciated from a correction into a bear market, equities rallied the following months from May. Global equities rose to month-long highs in October with US equities reaching their previous record highs at the same time. Crypto at the time was finally stabilizing itself from the previous correction in January and began to consolidate. But without any developments or announcements, XRP saw its value rise significantly in September 2018. In respect to the other digital assets, XRP was the only major digital asset to experience such drastic change within a couple of days. The extreme movement once again spawned several rumors of entities utilizing the XRP ledger for operations. But US and global equities during these months provides an insightful context to the digital assetโ€™s movement. For example, US equities once again topped in October and began to enter a period of correction with XRP reacting and following the market. To further support the argument of the equitiesโ€™ influence on crypto, XRP mirrored the stock movement of SBI Holdings. SBI is a major share holder of Ripple and promoter of Rippleโ€™s technology in the Japan. Forming the Japanese banking consortium intended to use xCurrent for domestic rails and SBI Ripple Asia, a subsidiary meant to drive adoption of xCurrent and xRapid in the Asian Pacific region. Explaining the inexplicable tandem in movement between XRP and SBIโ€™s stock. Calculating the Pearson and Spearmanโ€™s coefficient describing XRPโ€™s relationship between the SPX and SBHGF(SBI stock symbol) provides support. Observed daily closing prices of SBHGF, SPX, and XRP from September 17 to December 14 was used in the calculations. The intermarket relationship of XRP and the S&P displayed a Pearson coefficient of 0.509245 along with a Spearman coefficient of 0.600470. Suggesting a moderate positive correlation between assets. In respect to XRPโ€™s relationship with SBHGF, the Pearson coefficient during this period was 0.712559 with a Spearman coefficient of 0.706631. A strong, positively correlated relationship between the assets. In comparison to the correlationโ€™s strength in 2017, the S&P and XRPโ€™s relationship weakened but XRPโ€™s tracking of SBIโ€™s stock reinforced the notion that crypto was still being affected by equities. But regardless of the amount of market participants, capital, or volumes traded, money from the traditional markets entered and withdrew themselves for the second time. Final Thoughts: โ€ข An explanation on why the calculated Pearson coefficient weakened the second time around could be that the sample size of the data taken is much smaller in comparison to the original calculation. The crypto market was also a lot more regulated than what it used to be. Possibly dissuading previous participants from the traditional markets on entering again. โ€ข There appears to be a pattern in which whenever equities reach a localized high, the crypto market potentially receives an influx of capital from the traditional markets that causes a rise in valuations. Present Day Understanding and observing ONE of the main historical influences on cryptocurrencies can help us interpret the movementโ€™s of today. The economic and financial environment also provides valuable context in interpreting current movements. Back in 2017, cryptocurrencies were the new fad where money was to be made. Currently there is a similar movement going on in the traditional markets that involve IPOs. Displaying a similar bullish or even FOMO (Fear Of Missing Out) sentiment crypto witnessed by the general market. These past few months have also seen very familiar movements in the markets. In the month of July, there was a broad rally across on all different types of assets. Whether it was the more commonly traded stocks or the defensive assets such as bonds, much of the market rose synchronized. Even speculative assets such as crypto, which are last to receive capital due to their risk, witnessed a rise in prices. Both BTC and ETH broke out of their downward month-long trends to post new relative highs. With XRP seeing movement as well but not to the degree of the other digital assets. And as equities began to top out again, corrections throughout the markets began to ensue. Currently it appears that what traders witnessed last October and even further back, January 2017, in the markets has occurred again. The third time in which cryptocurrencies and equities have topped and corrected in tandem. Yet past performance is not indicative of future performance or movements. And while I personally believe that this relationship will change in the future, observing and considering historical trends helps us put the cryptocurrency marketโ€™s recent movements into perspective. Time will tell.
  24. 13 points

    The Big Deal

    what does coil need with a billion xrp? there are countless startups that succeed with far less funding. ripple didn't even receive that much funding. is coil really that game changing? I actually don't believe that internet content monetization could possibly be the end game for coil with that level of funding.
  25. 12 points
    LONDON 2019 October 23 - 24 There are a few presentations that I find interesting. But I was mostly and highly anticipating a Corda Settler session. The session has been updated to: Also this session was added today: I heard this phrasing in my Bond-i research (which you can fully read + listen in the speculation subforums). CordaCon website
  26. 12 points
    I love how constructive the discussion is in this thread, after reading the mess that is crypto twitter you guys are a breath of fresh air.
  27. 11 points

    Epic Pennant on BTC Chart

    Lets just not pollute this great thread with this childish nonsense of argueing with strangers online Discussion is okay but this is just childish behaviour. No I'm right! No, I'M right! NO YOU AREN'T, I'M RIGHT! Maybe we can put you all in the day care thread.
  28. 11 points

    Epic Pennant on BTC Chart

    @Cooliozxrp This is the post you're referring to - though there were others I made with the same sentiment. Yeah charts were looking good and I thought XRP was the best buy then and I was buying. Now .19 lower and I'm still buying and for the reasons stated in that post. What I expect to happen might not always happen but when I do expect something to happen I put money behind it. I'm not just rattling off non- sense with no skin in the game. I give my reasons for my opinion and state what I'm doing. Short term this didn't work out obviously and I would have been better off had I held off on my buys but if there was no risk there would be no reward. And I never said we were "gonna moon" (I'm pretty sure correct me if I'm wrong) As stated I plan on making another buy of XRP this week.
  29. 11 points

    Charting the course of XRP

    Just got back... more to come later but just wanted to post a few quick thoughts. First, we are 2 for 2 with symmetrical triangles. If you recall we predicted a +/- $0.02 breakout that was supposed to hit this morning and we hit this perfectly, timing and all. We broke from $0.26 to $0.28 and we now stand above $0.28. We hopefully have reclaimed the $0.28 support and this is very good news; we have a floor again, at least for now. We were treading in some treacherous waters there for a minute. I expect that if push above $0.30, we could be in for a nice rally, as I think this will start a short squeeze. All of those shorts are probably sweating right now. If you're going to short, do it after a parabolic run, not after a big price drop. Here is the symmetrical triangle that we ascended out of right on schedule:
  30. 11 points


    Blog URL: https://coil.com/p/Hodor/TestNet-Fun/VSJaznqPg The XRP Test Net awaits you, with complimentary accounts loaded with (faux) virtual currency. Learn more in today's blog! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  31. 10 points

    Epic Pennant on BTC Chart

    @WillGetThere I don't think we are currently in a bull run. I think we are in the accumulation phase. The bull run won't start until we overtake the ATH. 2021 or later for Bitcoin to hit it's ATH?? NO WAY. The crypto space is growing too fast and the Halving is happening next May. https://www.bitcoinblockhalf.com/ Based on what has happened before, the Halving alone will cause the price to at least double and we will be well above the ATH by the time that happens.
  32. 10 points

    I made an animation for XRP

    Hello XRPChat, Just learned about this community today so first time posting here. Wanted to share with you an animation I made for XRP: XRP xRapid Firing in action I'm making a tower defense PC game featuring various cryptos so this is my version of XRP. In the game, each crypto will have some unique ability corresponding to their technology so this is xRapid firing in action. Hope you find this interesting!
  33. 10 points
  34. 10 points
    That sounds great to me. XRP in use by MoneyTap is a very positive shift. Crawl. Walk. Run.
  35. 10 points
    Absolutely. Freaky and I have access to this joker's last few annual appraisals and they've been deteriorating for years now. He consistently has failed to complete various projects on time, has been turning up to work late, and someone even smelt some alcohol on his breath when he was standing next to him by the photocopier machine a few weeks ago. It's such a shame because 10 years ago, this guy was the dog's b*llocks. First one in, last one out of the office. Spitting out ideas a mile a minute during brainstorming sessions, Employee of the month for 7 months in a row (still a record) and he was so down to earth and never let anything get to his head that he'd even make conversation with the cleaner now and again. Sad to see how the mighty have fallen.
  36. 10 points

    Epic Pennant on BTC Chart

    Day 11 About average Bitcoin price behavior for August. I find the similarities between the August 2019 chart and August 2016 chart I posted to be very encouraging. I'm expecting we won't have to wait much longer for upside movement. The potential for bitcoin notwithstanding, I still think XRP is the best buy in crypto right now. Weekly encouraging news and only downward movement. XRP was able to hit $3.85 before on pure hype. The next run should bring us to a multiple of that price. Regarding that XRP ATH of $3.85. As of today it has been 604 days since XRP hit that price on January 4, 2018 (per con market cap). So we have been suffering for a while. Not saying we are due, but we are due. Also regarding how fast XRP's price can move. On December 11, 2017 - just 34 days prior to that ATH - XRP's price was .235. which is .02 below where we are now. So yeah if you are not already positioned when this starts to move you're gonna miss it (or a significant part of it - like a 10x move) I'm beginning to sound like a XRP fanboy. (I'm not, but when you see the good news on this project, I start to think that the fanboys might be on to something.)
  37. 10 points
    Candidly, this thread is a prime example of the downhill progress of the xrpchat forum. The post starts with a tweet from Brad in an effort to inform the forum only to revert to members complaining about Ripple not doing what YOU as an individual want. If you think building a digital ecosystem and multi-million dollar company is straight forward then by all means go create one on your own. Not to mention, raising capital from institutions and convincing them to change their methodologies takes time and a lot of leg work that outsiders rarely see. For those who are complaining about Ripple not doing this or doing that, it's important to note that we don't see all of the behind the scenes work and conversations. For those who are unhappy with Ripple and what they're doing (or not doing) for XRP , then sell your position and invest in something you think will be a more profitable investment. If you invested because someone told you so (and you failed to do your own research before arriving at the conclusion that Yes, this is an investment I should make) then that's on you, NOT Ripple. Rather than complaining, take time to either research what could potentially have an impact on XRP's value, understand what those levers may be, and come to your own conclusion as to whether or not those assumptions will play out and accrue value to XRP. OR if you have the technical skills you can help contribute to the ecosystem and create something that will help drive XRP's value, like Wieste Wind and many others. Even Hodor is a perfect example of someone who takes time out of his life to educate the community rather than complaining. Clearly, not many understand their own risk tolerance regardless of whether you are invested in crypto, stocks, commodities, bonds, or real estate. If you don't know your own risk tolerance then don't invest more than you are willing to lose - it's really that simple. The value of assets ALWAYS fluctuates regardless of the efforts of the organization behind that asset. This is what makes a market a market. If you don't understand how a market works and think it always goes up then you really shouldn't invest in anything - especially if you don't take the time to do your own due diligence and understand the fundamentals of the business that could help drive value to your investment. Pointing the finger at Ripple because you're not "getting rich quick" or failed to do the research on your own doesn't get anyone anywhere. Yes, Ripple is the main champion behind XRP, but everyone who is complaining is providing ZERO value-add and only taking away from educating potential future investors.
  38. 10 points
    Not so . XRP needs to be demanded for it to be successful. Itโ€™s now being oversupplied with very little demand. Elementary.
  39. 10 points
    Gotta agree with @Tinyaccount here. I was reading your threads and giving you the benefit of the doubt, but digging up month-old tweets that don't mean much... As a lurker, your inane and pointless threads are a waste of time. Don't you have better things to do than spam XRPChat? Real news is at an all time low point as it is.
  40. 10 points

    Trim the fat

    How exactly would this benefit XRP holders? Wouldn't the easiest way for Ripple to "grow its revenue" be to sell XRP? Isn't it doing that right now? I can see how revenue growth would benefit stock holders, but last I checked, owning XRP doesn't get you any shares. I assume you mean "grow its revenue through selling products not XRP". But here is the thing, perhaps growing revenue in such a manner requires the sale of XRP. This is information to which we are not privy, and why there is a certain amount of gambling involved when buying an asset such as this. We are hoping that Ripple is getting it right, and trying to grow the value of XRP. But it is entirely possible they could be flubbing it badly. One thing that reassures me is that the incentives are aligned correctly. Ripple has a distinct incentive to increase the value of XRP. So, it is likely they would try to do so in the long run. So then we must assume, if Ripple is flubbing it, it would likely be due to incompetence rather than greedily dumping XRP, sacrificing massive future profits for smaller short term gains. Finally, since we are not privy to the internal processes of Ripple, it is impossible for us to know one way or another if Ripple is flubbing it or not. We simply cannot know that because we do not have access to all the info. So then my question is, given our certain absence of knowledge about the full situation, which is more likely: Ripple is flubbing it? Or we simply don't know all the variables as well as we think we do?
  41. 10 points
    I find it interesting how many newly created members immediately start using the word โ€˜hopiumโ€™. Itโ€™s almost as though they are on a crusade like their other alter-egos other members are.
  42. 9 points
    She asked some good questions. He dodges like a politician these days. It felt a little disingenuous when he directly quoted Coinmarketcap daily volumes in defending the question about Ripple manipulating the price.
  43. 9 points

    Sibos 2019 Discussion

    Still ... to have a keynote speech at worlds most important finance event is good. Mind you, this is a SWIFT event. two years ago Ripple organized Swell at the exact same moment as Sibos for a reason. a lot has changed and the fact that Ripple has a stage on a Swift owned and organized event is positive and shows the claimed position in the industry. no speculation.
  44. 9 points

    Epic Pennant on BTC Chart

    Day 15 BTC Anyway Bitcoin is stabilizing around $10,500 give or take $100 or so. We are not seeing a run up to "physical futures" like we did last time which leads me to believe that we will not be seeing a negative impact from the futures like some are predicting to the contrary I always thought "physical" futures would raise the bitcoin price and I've been writing so on this forum since last November. We'll see tomorrow( oops just custody starts tomorrow - futures don't trade till 9/23) if there is any impact at all. The MACD is positive on the daily chart, price is flattening, weekly looks good. I think we get some big up days soon. XRP & LTC If you look a these charts since mid June they look almost identical. Big drops, but price has stabilized and MACD is positive. Price continues to drift down slightly but Iooking at these charts I really have no idea why someone would think they would fall further. They might fall further but I don't see the chart predicting that. Like I always write - with Crypto charts don't tell the whole story and what is applicable to stocks is only "kinda" applicable to crypto. I've been buying XRP basically a few days a week (recently holding off cause bags are full) if goes to .22 I am definitely going to buy some more.
  45. 9 points

    Epic Pennant on BTC Chart

    Hey, I resemble that! Hello, my name is Eddie and I'm a Zerpaholic. I'm only 67% full, but I've diversified a LOT.....just need a couple more down months please, to get caught up. Hope it does turn by year end so I can skim a little for taxes......
  46. 9 points
  47. 9 points

    Epic Pennant on BTC Chart

    Correction to my last post. It's not a rumor. https://cointelegraph.com/news/craig-wright-kleiman-estate-will-now-dump-2-billion-in-bitcoin However as an appeal will be filed it might be years before we have to worry about the dump.
  48. 9 points
    No no no no no. In logical debate it is widely accepted that you cannot make a claim without evidence and then demand proof that the claim is wrong. Bertrand Russell demonstrated that a long time ago. https://en.m.wikipedia.org/wiki/Russell's_teapot So there is no evidence that Ripple is a scam, (or as youโ€™ve now shifted the goalposts, XRP is merely a funding vehicle, ) so you need evidence of that before you can reasonably claim it. Ripple has hundreds of employees all on the same message and working towards the same goal of the cross-border use case on the way towards an Internet of Value. And yet without any evidence other than your dislike of the fact that you are not rich yet, you claim they have given all that up and now just have an elaborate charade. No, that is not true either. Just because there are two possibilities doesnโ€™t mean they have equal probability. Your whole post has a number of misstatements or false claims in it and Iโ€™m not going to dissect each one... Iโ€™m tired of this kind of thing. I am glad you realise that โ€œscamโ€ is incorrect and I hope never to see you use that word again. I think that is only a fifty/fifty though.
  49. 9 points

    The Big Deal

    How so? Give it time, you don't really think Coil will just print out their 1B XRP address and hang it on the wall, right? It's an additional supply that will inevitable have an impact on the market. It's kinda ridiculous that Wietse, probably the biggest XRPL contributor that is a non-Ripple employee, gets 100k while Coil, a platform with a dodgy business model and barely any users, gets $250M. Given the recent news of Ripple reducing programmatic sales I'd expect some of Coil XRP sale earnings to flow back into Ripple.
  50. 9 points
    Maybe by the time futures come to fruition some of the forum members may have grown pubes.
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