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Showing content with the highest reputation since 06/20/2019 in Posts

  1. 52 points
    mattwayne_c

    US Banks are Getting Frantic

    Alright guys, its been a hell of a week for Ripple and crypto in general. We are witnessing the beginning of a banking revolution- its only going to get crazier as we head into 2020. PART 1: Let me start this post by telling you a conversation I had with my mother, an executive loan officer and branch manager of a regional bank in the south: After the usual mother/son conversation, I asked her how her job was going since she just came back from family leave. APPARENTLY.... "The top executives are freaking out. The projections for loan income are completely off due to the FED announcement." If you're not in the US, basically the central bank wants to lower interest rates next month. The effect? Here is an excerpt from a Yahoo Finance article: https://finance.yahoo.com/news/fed-interest-rate-cut-horizon-121512567.html So, US banks will be struggling to make the quota for this fiscal half because the banks projected the rate to actually increase rather than decline. This meant that many banks gave adjustable rate loans to borrowers in hopes that the prime rate would increase over time. PART 2: Responses from other banks have ranged from nonchalant to panic As you can imagine, banks want to keep a lid on their panic state. Most have released statements that say they were prepared for the rate decline. Some are in denial and think the FED will call back on its majority vote to cut the rate https://www.cnbc.com/2019/06/20/one-major-bank-is-holding-the-line-saying-the-fed-wont-cut-rates-this-year.html Once Goldman Sachs executive went all the way to say smaller banks are screwed https://www.bloomberg.com/news/articles/2019-06-20/goldman-sachs-executive-says-legacy-retail-banks-are-screwed Based of the conversation with my mother, I would agree that the banks are concerned and stand to lose a lot of money. PART 3: ENTER CRYPTO- Libra is announced, and the Moneygram Move Okay so, unless you live under a rock, the news this week has been amazing. Facebook announces Libra under much criticism. The announcement had a few effects: Whether you love it or hate it, it has helped bring crypto into the spotlight this week. All press is good press for crypto, that much is true. Regulators have sprung into action. Already making statements about the regulation of Libra and crypto in general. (See quotes below) https://www.apnews.com/ee872c2a79494a1183866bd1dc9c9083 https://www.cnbc.com/2019/06/20/facebook-libra-cryptocurrency-faced-with-central-bank-warnings.html https://cryptonews.com/news/fatf-decides-to-tighten-crypto-regulation-report-4092.htm There are plenty of other quotes, but i think this suffices. A final effect is that banks will be looking for an alternative or an edge against their competitors. Ripple and Xrapid already exist and has gone through extensive trials over the past 5 years. Brad Garlinghouse has already made the statement that Ripple has has a "record week" due to the Libra Announcement: BOOM- Thank you, Facebook. Ripple is also in the spotlight for the Moneygram Deal. MoneyGram's Stock rose over 150% and huge announcements for new corridors were made as moneygram is expanding their footprint in India. Ripple is making other moves as SBI Remit and SCB Thailand are featured in their Paying Forward promo videos (check twitter, i'm too lazy at this point to embed them lol) Conclusion TLDR: Banks are hurting from the potential FED rate drop and crypto appears this week to banks as a way to cut costs. The financial transformation is on the horizon and is approaching fast! If your read all that, congratulations. You're amazing!
  2. 36 points
    iLeeT

    McDonalds a Ripple Partner?

    I think they are just celebrating at our future workplace.
  3. 35 points
    "... i will also say i'm gonna send a case of champain to david marcus the guy that runs libra, ehm the reason is - this week will probably be the best week of signed contracts at ripple ever. It has been a massive call to action because facebook kind of came out and said we dont need banks or western union anymore, so i think banks realize if facebook is going to be a competitor in this space, they cant depand on technology like swift to compete in the market place..." brad starts at about 1h mark
  4. 34 points
    Hodor

    XRP News Update: June 25th, 2019

    Blog URL: https://coil.com/p/Hodor/XRP-News-Update-June-25th-2019/C2b8POzio The IoV is unstoppable! I cover the most important XRP-related announcements and news in my latest blog. π†πžπ§πžπ«πšπ₯ 𝐁π₯𝐨𝐜𝐀𝐜𝐑𝐚𝐒𝐧 𝐍𝐞𝐰𝐬: The SEC's DLT Finhub session took place on May 31st & I provide my take on the panel discussion. 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Scotiabank and Leapfrog Technology announced they are Ripple customers; Banesco Panama provides more details on its latest work with Ripple; and Dilip Rao, Ripple's Global Head of Infrastructure Innovation, will present at the Central Bank Payments Conference in Berlin, Germany. 𝐂𝐨𝐒π₯ 𝐍𝐞𝐰𝐬: I host the first 'Hodor's Mysteries' exclusively for Coil subscribers & share two fascinating Coil creators that you won't want to miss. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Ripple publishes a new, enhanced version of the 'WebSocket Tool,' a popular tool for submitting transactions, now available on the Test Net and your local validator; and XRP_Productions, a popular new video producer, releases 'Farewell, Bitcoin,' a unique seven-minute video worth sharing with friends & family. 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
  5. 31 points
    MemberBerry

    How Much XRP do people here have?

    Look at mine!!!
  6. 28 points
    King34Maine

    I’m out

    I don't get why ppl do this!! Announce that they have sold some digital asset, token, etc. Sell and be done with it. You don't have to explain why, it's your money dude. It's almost like you wanted permission....LOL!! For the sake of completion, It's ok @Capone we forgive you for selling your XRP, no hard feelings my man....
  7. 27 points
    Had to publish this early, won't have access to a pc for a week: https://xrpcommunity.blog/setting-up-the-pieces/
  8. 26 points
    Oh dear. Seems I missed a bit of a ruckus. A couple of folk here know that as of a few days ago (well before the ruckus) I decided that the now-normal negativity and vitriol here at XRPChat was too annoying, and the time I spent here daily was too great, for me to continue in that way. So I’m trying to disengage somewhat.... ( I’ve tried and failed previously because of poor self-control, so ultimately, if I can’t disengage enough to avoid spending too much time here I will have to totally disengage.) Meanwhile I see some significant people in the community have done a one-eighty degree turn and now feel that we might be being scammed by Ripple. Fair enough... I’m not buying into any of it. I’ve made my bet and will ride it all the way up or down like the ignorant little retail investor that I am. I’m really just posting this to say thanks very much to all of you who have helped me in numerous ways here, and especially to those many of you who made me laugh out loud on many occasions with brilliant posts and memes. I also wanted to explain my absence to those wondering why that loud-mouthed XRP maximalist Tiny isn’t making an alternative case in this current ruckus. I do hope those who are seriously doubting their XRP investment are wrong to be concerned, but time will tell I suppose.
  9. 26 points
    EcneitapLatnem

    I’m out

    I'm out too....... ....of fiat to spend on XRP cuz this biznitch is going to the moooooooooooooooooooooooooooooooon! please let this age well..... please let this age well... please let this age well....
  10. 25 points
    Hodor

    XRP News Update: Two Quarters Done

    Blog URL: https://coil.com/p/Hodor/XRP-News-Update-Two-Quarters-Done/fgahtd5T7 With 2019 at the mid-way point, I pause to examine the important news impacting XRP, all in my latest blog. π†πžπ§πžπ«πšπ₯ 𝐁π₯𝐨𝐜𝐀𝐜𝐑𝐚𝐒𝐧 𝐍𝐞𝐰𝐬: It gets worse for Bitcoin's environmental impact; its massive electronic waste is now being assessed. 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: InstaReM aims for a Singapore digital banking license; SendFriend is live with xRapid; MoneyTap gets seven new banks; and Scooter Braun acquires Big Machine Label Group. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Stedas finishes the 2019 XRP Community Poster; XRPL Labs launches TestNet validator; RabbitKickClub publishes a new UNL parsing tool; Forbes releases a short biographical piece about Thomas Silkjaer; Coinfirm signs Ripple as a client; and Falcon Private Bank offers crypto custody, including XRP. 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
  11. 24 points
    Hodor

    Deep Thoughts (Crypto Version)

    Blog URL: https://coil.com/p/Hodor/Deep-Thoughts-Crypto-Version-/kDaje9VNB CryptoEri interviews me! I also cover Brad Garlinghouse's recent response to Steven Mnuchin's press conference, and provide 'something extra' for Coil subscribers. 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
  12. 24 points
    Blog URL: https://coil.com/p/Hodor/XRP-News-Update-The-Internet-of-Value-Forges-Ahead/2CrYvDFta The IoV continues building out XRP's ecosystem: Find out about the most important news stories impacting XRP in today's blog! π†πžπ§πžπ«πšπ₯ 𝐁π₯𝐨𝐜𝐀𝐜𝐑𝐚𝐒𝐧 𝐍𝐞𝐰𝐬: The Central Bank of Japan and the European Central bank publish Phase 3 Test Results for Project Stella. 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Jeremy Light will be attending PayExpo for Ripple; and Brandon Wilson provides a preview of Codius Host 2.0. 𝐂𝐨𝐒π₯ 𝐍𝐞𝐰𝐬: Soar Payments interviews Stefan Thomas as part of its podcast series; and I share my 'Coil pick' for this week. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Reverend Ripple announces updates to his 'Solstice' service; Dev Null Prod announces details of the NYC meetup; XRP Productions releases another 'XRP Story'; DMM announces they'll be supporting a direct XRP-JPY pairing; and Bitpanda Global Exchange announces they will support XRP at launch. 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
  13. 24 points
    Central Bank Payments Conference Berlin, Germany, 24 - 27 June Organized by (clickable image) http://www.cbpayments.com/
  14. 22 points
    yxxyun

    Xpring invested projects

    SB Projects:http://scooterbraun.com/ date: MAY 14, 2018 ,https://ripple.com/insights/welcome-to-xpring/ Did it use XRP now? Omni: https://omni.co date: MAY 14, 2018 ,https://ripple.com/insights/welcome-to-xpring/ Did it support XRP now? Securitize: https://www.securitize.io/ date: Nov 28, 2018 , https://medium.com/xpring/investing-in-securitize-e035a8918b9b Didn't saw any token on XRPL made by them since then. Dharma:https://www.dharma.io date: Feb 6,2019 ,https://medium.com/xpring/investing-in-dharma-854f5bd7b17f from their faq: no plan to support XRP. XRPL Labs: https://xrpl-labs.com date:Feb 14,2019 , https://medium.com/xpring/investing-in-wietse-winds-xrpl-labs-cff19d964c76 XRPL focused. Kava: https://www.kava.io/ date: Mar 1, 2019 ,https://medium.com/xpring/investing-in-kava-1dd820519a4f their blockchain based Cosmos https://github.com/Kava-Labs/kava. DeFi Coming to Cosmos : https://medium.com/kava-labs/defi-coming-to-cosmos-808034b733be support ILP. Forte: https://forte.io/ date: Mar 13 ,2019 , https://medium.com/xpring/partnering-with-forte-44b6d3304bbb claim to support XRP, no much news after launch, https://medium.com/forte-labs-inc latest blog date Mar 13, 2019 Bolt Labs: https://boltlabs.tech/ date: Apr 17, 2019 , https://medium.com/xpring/investing-in-bolt-labs-55da169bd79c seems like not support XRP from their github:https://github.com/boltlabs-inc Agoric : https://agoric.com/ date: May 14,2019 , https://medium.com/xpring/investing-in-agoric-ad57ad10e448 their test net based Cosmos, https://github.com/Agoric/cosmic-swingset seems like not support XRP from their github Near Protocol: https://nearprotocol.com/ date: Jul 11 ,2019 , https://medium.com/xpring/investing-in-near-protocol-b3de9b6209e2 just one more project won't support XRP to be continued
  15. 22 points
    tar

    A short reminder

    The hands of my children on our way to the playground.
  16. 22 points
  17. 22 points
    Demand is a bit of a tricky concept. At all times, all XRP are held by someone, so at all times all XRP are demanded, the thing that can change is how much they are demanded, which gets expressed in the market price. Demand is a value placed on XRP by everyone individually (or as a business unit), and the demand curve is just an aggregate of all the individual demands. It's easier to understand it if you don't think of it as an quantity, but rather an amount that it is wanted- basically just an intangible subjective feeling. For example, if I want a slice of pizza, I demand a slice of pizza, and my willingness to pay for it shows the amount that I want it. I may want a slice of pizza up to $2, or I may demand it more and be willing to spend $5. I may not know exactly how much I want the pizza, only that I want it at least enough to buy it for the price the shop is selling it for. Some people may demand XRP up to 10c, some people may demand it up to $1, some people may demand it at $0. If I demand it up to 10c, I would be offering my XRP for sale right now, if I demand it up to $1 I would be offering my dollars for sale to buy XRP. So back to David's tweet, it's not really very useful to think of an xrapid transaction as an increase or decrease of demand, it's not really applicable. Additionally, the same can be said of any XRP exchange period. Every buy has a corresponding sell, xrapid is just two individual transactions that both have equal and corresponding buys and sells. Because demand is just an individual's subjective valuation for a thing, the only way to increase demand is to change how much people value it. More xrapid transactions has the potential to do that in a number of ways. One way is that it makes XRP more useful at satisfying the wants of the people using it. What they ultimately want to do is be able to transfer value from point A to point B, and more people transferring value means more offers to buy and sell at points A and B, which means tighter spreads, and the ability to send the payment without either waiting for a good offer, or moving the market to take worse offers. If XRP is more useful to people, more people will demand it, and more people will demand it more than they do currently. If it satisfies peoples wants more effectively, they will be willing to pay more for it, and the price goes up.
  18. 22 points
    Hodor

    XRP News Update: June 21st, 2019

    Blog URL: https://coil.com/p/Hodor/XRP-News-Update-June-21st-2019/5jVJvC10y The MoneyGram deal and Facebook continue to grab headlines, but I cover all the other major news impacting XRP in my latest blog. π†πžπ§πžπ«πšπ₯ 𝐁π₯𝐨𝐜𝐀𝐜𝐑𝐚𝐒𝐧 𝐍𝐞𝐰𝐬: The Token Taxonomy Act has two new sponsors & I encourage people in the US to write their local Representative! 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Bloomberg's interview with Brad Garlinghouse is watched by 150 thousand twitter users; Brad Garlinghouse participates in a chat at the Fortune 'Brainstorm Conference' in Monkau, NY; a former SEC exec joins Ripple; and Interledger publishes the remaining videos from the ILP Summit in April. 𝐂𝐨𝐒π₯ 𝐍𝐞𝐰𝐬:Coil announces their 'Boosting Payout' program and provides an application for those authors interested; and I provide my latest Coil recommendations. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind upgrades the XRP Tip Bot (application) with higher limits; Leonidas reminds users that XRP Arcade has an option to keep up-to-date on the latest tweets; and CryptoDotCom announces that their 'Crypto Earn' program is now available for all US customers. 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
  19. 21 points
    I think Egypt is a place ripe for Ripple adoption. Of course, I hope this about most places so here is some data that makes it worth keeping an eye on. [1] In the most general of ways, the situation in Egypt might seem familiar to the situation in India: the government has alternately outlawed and permitted crypto. Currently it is not exactly clear where they stand on it, but there has been a recent legal push towards licensing. [https://cointelegraph.com/news/egypt-lays-out-path-for-a-crypto-future-with-draft-law ] [2] The country intends to move towards a cashless society, but they have a very high amount of unbanked people. [ https://www.egypttoday.com/Article/3/68491/Sisi-approves-cashless-methods-of-payment-law ] To this end, the government is working on a unified card for citizens to receive all their government entitlements such as salaries, pensions or subsidies, tied to either a bank or an Egypt Post account. They are also "working aggressively" on encouraging mobile money & mobile wallets use. Government is also working with the CB to offer microfinancing through mobile applications. This effort will provide banking to 20mill + unbanked. [ http://www.theworldfolio.com/files/file/report-5cae38c273220.pdf ] (Left & Right columns) [3] Significantly, these efforts are connected to a three-year programme, FIGI, led by ITU, the World Bank Group and the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements, with support from the Bill & Melinda Gates Foundation... [https://news.itu.int/how-egypt-builds-trust-digital-financial-services/ ] Likewise, the use of Post Banks for financial inclusion is something the Universal Post Union, with support from the Gates Foundation, has been behind. [http://news.upu.int/no_cache/nd/gates-foundation-helps-upu-support-partnerships/] [4] Recently, the Central Bank of Egypt, in december, said it will issue a digital currency [ http://en.amwalalghad.com/egypts-central-bank-studies-issuing-digital-currency-official/ ] While it is not clear what platform might be used, it is worth noting that the government owned National Bank of Egypt and the largest private bank, the CIB are both members of R3, Voltron. This largest private bank and R3 Partner, CIB, intends to build out a DLT network in 2019. In their EOY 2018 annual Report, they claim to have tested "different use cases for potential development into live projects and built a local blockchain network for banks and different financial services providers" [https://www.cibeg.com/English/InvestorRelations/FinancialInformation/Annual Reports/Annual Report 2018_002.pdf ] [5] Another piece of the puzzle might be that Kuwait's NBK, a Ripple partner, has a significant presence in Egypt and their other neighbors, Saudi Arabia are also involved with Ripple. So too, UAE, and the major bank in Oman. [6] Finally, consider that Egypt's Suez Canal Economic Zone, has deep ties with Russia. Russia is building a huge economic zone in this trade/port center for Russian manufacturing and trade with Africa, Middle East and Europe. Putin claimed $7billion will be invested. At the same time, with so much trade finance at stake, both the EU and Russia are investigating alternatives to SWIFT to avoid US financial control. [https://www.rt.com/business/452047-russia-industrial-zone-egypt ] [https://uk.reuters.com/article/russia-banks-swift/russia-backs-global-use-of-its-alternative-swift-system-idUKL8N2163BU] [https://english.mubasher.info/news/3333401/EU-starts-SWIFT-alternative-money-transfer-system] [7] In 2018, Egypt received the 5th largest amount of remittances. The first list: India China Mexico Philippines Egypt That list should look very familiar to Ripple fans... [https://migrationdataportal.org/themes/remittances ] /end
  20. 20 points
  21. 20 points
    This is the kind of question that goes over the head of most XRP hodlrs and in fact, most people. It's a very complicated question and a really thorough answer would take more time than I'm prepared to spend here. But here goes..... Who or what exactly is threatened by Libra or any crypto? It isn't the US dollar itself so much ( that is just a medium of exchange). It isn't US citizens or citizens of other countries, It's really the banking cartel that runs the credit system for the entire world that is threatened...and yes... the answer is Y-E-S in capital letters. Crypto threatens banks.....and also the legislative bodies that spend tax money.....in every country in the world. Fiat money, as it now exists, creates as many or more problems than it solves. It has resulted in this horrible positive feedback loop we have with money. Banks create dollars (and Euros, and pretty much all fiat currencies) from thin air by loaning money into existence....and they depend on their partners in government to make sure that BANKS ALONE have that power of the CREDIT purse. The governments....they get something back for letting the bankers create unlimited fiat money. They get carte blanche to spend money they don't have...to run endless deficits like they don't even matter. It's an unholy alliance with almost unlimited power in this world. XRP definitely COULD threaten that.....which is why we have the likes of Brad Garlinghouse and Ripple sucking up to both banks and governments to try to get them to allow XRP to exist, so that it can even be used in the most benign way, the most beneficial way for the banks themselves, so that they will buy into it. But banks are still afraid of crypto. And they should be. How does the existing fiat money not crash under unlimited money printing and unlimited government spending? Well, sometimes it does......but the world's reserve currency has NEVER crashed (you can fact check that one), and the dollar won't crash either, as long as inflation exists to act as a hidden tax. Governments borrow and then pay back with cheaper dollars...That's the tax for allowing you to have your own personal money. Most people know that inflation takes their buying power away over time, but they don't realize it's engineered into the system on purpose to rip them off. These days, the amount of notional wealth in dollars (or any fiat) terms greatly exceeds the underlying value of the assets that collateralize them. That creates real instability. And inflation, which is predicated on economies that grow (theoretically) year-over-year into perpetuity, is in trouble, as more and more money pumped into the credit system as "investment" gives less and less bang for the buck as growth stalls. Growth is finite. This is the real threat to the USD, not cryptos..... But cryptos represent a way for peer to peer exchange without the involvement of government.... Limited inflation. Even no inflation if you want it. And crypto banks, like NEXO and Celsius and others, can even serve as an alternative to bank credit. Frankly, I'm surprised it's gotten this far...but as long as it was just some fringe characters and drug dealers and money launderers, it was not given any credence.....but with Libra, the powers that be are suddenly getting their wake-up call....and that call is from their international banking cartel partners who are suddenly waking up themselves and having an intense WTF moment. There is a lot at stake for the banks, which have now effectively become dinosaurs looking at their own extinction. And the governments will do whatever they're told. Most (almost all) your elected representatives in Washington, London, The Hague......are as ignorant about how money works as most lay people. We've seen (in 2008 and since) that banks always get what they want. When times are bad for banks, taxpayers (like us) subsidize their losses. So upstart money (crypto) is bound to get regulated out of business or criminalized....unless banks own it and profit from it. Or banks all go defunct and their awesome power is no more. It's pretty much that simple, when it comes down to it. There is no way for fiat (as it exists now) and banks( as they exist now) to peacefully co-exist with Bitcoin or XRP or any other crypto that provides a decentralized medium of exchange that is not in control of both central banks and governments. It's unclear how this works out. Crypto can be criminalized but it can't be completely stopped. It can maybe be co-opted. I think the delay in coming up with regulatory guidance in the US is a deliberate stalling tactic forced by powerful elites in order to buy some time. The banks want to co-opt crypto and they see Ripple as an ally. Bitcoin whales and rich miners and foreign unregulated crypto exchanges are definitely NOT the allies of the banks.
  22. 20 points
    Eric123

    Epic Pennant on BTC Chart

    @Molten Yeah I do feel good about XRP, I've been trying to buy some all day but Coinbase is unable to process payments (since 3:54 am). Yes a lot of my enthusiasm for XRP has to do with that fact that it is lagging the rest of the market. Basically it's the only top 10 coin that is still barely off it's low . But additionally there are other reasons for my enthusiasm 1. For the last six months or so a lot of good news has been released regarding xrp with almost no positive price reaction. 2. Chart still looks good. flattening price and the rising volume, 3. Developments in the wider crypto market will draw interest in XRP. I see Litecoin's halving, Bitcoin's price rise, Bakkt and later bitcoin's halving as positives for XRP. I know it can be discouraging to see the price of XRP stagnate, however .38, .37, .40 .45 these prices are largely irrelevant to me. I mean I don't care if it goes to .70, I'm not gonna sell at that price but at that price I probably won't buy any more. I'm waiting till around $20 before I start to consider selling so .05 here or there really doesn't matter to me. But basically yeah, I think XRP is due.
  23. 20 points
    Memes are coming to life here.. Did this one a couple of months ago.
  24. 20 points
    Great interview! Thinking through his statements... He mentioned using XRapid for backend settlement initially, which actually lines up with how you might expect the initial use case to go. Here’s why: If a direct xRapid remittance payment (customer-facing) takes a few minutes to complete, that’s fine in most circumstances, but your customers will want the best possible experience, which is instant payments (not 3 minute payments). Moneygram would probably rather use the instant payout of xCurrent / nostro accounts for the customer experience. What I think xRapid will be used for initially is filling those nostro accounts and rebalancing liquidity on an ongoing, 24/7 basis, rather than for direct customer-facing remittances. E.g. for transfers from US to Mexico, Moneygram might only need an hour worth of funds in a Mexican bank account at any given time, rather than 3 days worth of liquidity. Those nostro accounts can be much smaller because they’re constantly being refilled, at a lower cost rate than the correspondent banking system. At least, that’s how I’m interpreting Moneygram CEO’s comments! Which means... I bet Ripple is working on or has some kind of automated liquidity-balancing capabilities built into xRapid. If we didn’t already have a going theory on what xPool is, I would assume that name would fit pretty well for a rebalancing product.
  25. 19 points
    LOL. No, I'm not a shill. (for the f***ing 100th time) And yes, believe it or not, I think we (the community) need to act to hold Ripple accountable for accurate reporting. I've helped in the past with this by bringing to light the possible overselling in Q1. If we end up having credible evidence that is iron-clad, I would definitely not hesitate to cover it.
  26. 19 points
    We finally managed to release an entirely overhauled version of alivingledger.com! Check out the XRPL real-time visualization on ledger.observer Our new version has an entirely new architecture, that allows us to implement sophisticated features in the coming months. One example of such a feature is a named based search, that is already implemented in the current version (thanks to http://bithomp.com for their awesome name API). And the best thing is, the whole application is available on github: https://github.com/smoes/ledger-observer Don't forget to follow the new twitter account (@LedgerObserver).
  27. 18 points
    Blog URL: https://coil.com/p/Hodor/XRP-News-Update-Expansion-Headlines/vKzbht2pU Ripple and Coil are expanding - 𝘧𝘒𝘴𝘡! I cover what this means for the IoV in today's XRP News Update. 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Alex Holmes, the CEO of MoneyGram, gives a short interview via Cheddar; and David Schwartz is interviewed onstage at the 'Future of Fintech' conference in NYC. 𝐂𝐨𝐒π₯ 𝐍𝐞𝐰𝐬: Coil invests $20 million in Imgur, the popular meme-and-image-sharing website. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind presents at the 2019 Crypto Valley Conference; Leonidas Hadjiloizou publishes the Q2 2019 XRP Report, detailing all of the major news stories for Q2; The Bitrue Exchange suffers its first 'hacking' attack; and Exchainpay adds XRP pairings. 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
  28. 18 points
    Eric123

    Epic Pennant on BTC Chart

    Could you ask for a better set up than the XRP chart. Does anyone think this is not ready to explode???
  29. 18 points
    Think more in terms of Liquidity in a plumbing system. So some water/value goes in (on the outgoing exchange), the value moves through the system and some water/value flows out at a different location in the system, the in comming exchange of (RippleNet/IoV). The water which flowed out, is not the same water that flowed in. The water inflow, just pushed some water out of the other side of the system. The amount of water in the system (aka demand = supply) is not pertinent, it is the value/water flow rate through the system, that is the "liquidity". Think of RippleNet and XRPLedger and the IoV as pumps in a plumbing system. The higher the volume of flow, which can be pumped through them... the higher the utility value of the pump/system. Just like you pay more for a big pump, than you pay for a small pump.
  30. 17 points
    He’s no bearableguy when it comes to riddles, but he says there is a clue in the post as to what the announcement will be. CryptHawk (@TheCryptHawk) Tweeted: AWS / R3 is nothing compared to the big one coming for the "Back to School" period! You have the whole summer to prepare yourself! Not sure your body is ready yet! #XRP #Ripple #XRPCommunity #XRPArmy What’s more fun than crypto riddles? Shine on you crazy diamonds.
  31. 17 points
    Molten

    Devil's advocate re: XRP sales

    The last few weeks have seen a lot of talk about Ripple's programmatic sales of XRP, along with the "dumping" of XRP by Ripple executives. Much of the discussion centers around a coordinated dump because of a lack of belief in the future of XRP by these parties or a "crypto Ponzi". What if the actual reason is quite the opposite? I remember during the great bull run in 2017/2018, the executives of Ripple, particularly Garlinghouse, having to go on CNBC and discuss their multi-billionaire status as the price of XRP rose. Many questions arose about the ethics of a company holding so much of a digital asset that was rapidly appreciating and many thought that this was unsustainable. What if they are making a coordinated effort to offload their XRP at relatively low prices (through escrow sales, individual sales, charity, etc) to avoid the appearance of impropriety in the future if and when XRP should rise in value again? Is it not possible that they fully expect XRP to become more valuable and are thoughtfully distancing themselves from ownership of the asset so that this does not become a focal point in the future? I can easily foresee a scenario in which XRP rises in value and Ripple the company becomes a target of ire of the public and elected officials for owning so much of it; perhaps this is a means to temper those expected criticisms. It certainly is also possible that this is one giant scam, but somehow this doesn't fit the narrative. These are highly successful people who hail from other large companies, I hardly think they have decided to engage in the world's biggest heist on the public stage (though one must admit the possibility I suppose). At any rate, I don't see much of anything that has changed recently, other than people have decided to talk about something that we have known about for years. Frustration from the recent price swings, I suppose, especially in relation to BTC's recent rise. I will point out, as other much more technically inclined folks on this forum have, that every giant leap in XRP price has occurred just after a massive dip in XRP/BTC. I look for us to hit 2000 sats and then off the races. Time will tell how that prediction ages
  32. 17 points
    RikkiTikki

    Make XRP a $1 Stablecoin

    GTFOOH!!!! Dude your post have been real desperate as of late.
  33. 17 points
    Christine Lagarde, President of the European Central Bank - Role and Impact Last week, the Europeans have finally found an agreement on the name of the future leaders of the continent. Among them, the post of the President of the ECB has been assigned to an outsider that we, french people know very well, Christine Lagarde. Is this nomination a good news for Europe ? Yes, without a doubt. First because Christine Lagarde has a solid experience of the international economics as the Managing Director of the IMF, until very recently. Also experience of politics, she was Minister of Commerce, Economics, Finance, Agriculture and Fishing under the presidency of Chirac and Sarkozy. Finally, she has a strong business experience as she was the first woman to lead a large law firm, based in Chicago, 15 years ago. Why is this post of the President of the ECB so important ? Because the President of the ECB is like the chef who adjusts the fire under the pans. By fixing the level of the interest rates, he or she defines the level of economic activity in the Euro zone. The members of the banks Council who vote to set these interest rates must therefore document themselves very accurately on the state of the economy in the different member countries in order to make the right decision. These members are essentially governors of national central banks. The President of the ECB, who was a man until now, an Italian Mario Draghi, has for task to get the Council to consensus. It is a position of influence, an essential position. And it is also the President and she alone who will speak publicly on behalf of the ECB, especially vis-Γ -vis the financial community, investors, markets, that are very attentive to the slightest word from the President of the ECB. Hence her words can resonate and strongly influence the gaze of regulators, as the former President Mario Draghi already adressed public statements on multiple occasions in regards to cryptocurrencies. Not to mention the very recent paper, published by the ECB, that indicate cryptocurrencies do not pose a threat to financial stability, especially in the Euro zone. "Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures" So, what is it that makes them so vigilant? The slightest word can make the stock markets fall all over the world, because it can be interpreted as a pessimistic diagnostic on the state of the economy, the central bankers are a bit like financial oracles, so they speak a very special language which is deliberately very little understood. As a matter of fact, Alan Greenspan, who was the Chair of the Federal Reserve of the United States 15 years ago, said But beyond that, by agreeing to settle at the ECB headquarters in Frankfurt, Christine Lagarde still takes one of the most difficult positions in the world. Why is it so difficult? Because the Euro zone is a baroque team of countries with very different levels of development and activities. It will therefore be necessary for her to find the policy of interest rates that is suitable for all. It is like finding a one-size-fits-all clothing that is suitable at the same time for large, small, etc. The Euro almost exploded because of these differences 7 years ago and it was precisely the President of the ECB of the time, Mario Draghi, who had just arrived, who saved the Euro by imposing to a part of the Council, particularly to the Germans, exceptional measures to help the southern States of the area that were victims of an unprecedented sovereign debt crisis. Christine Lagarde extends the lineage of many French leaders of international organizations, the ECB and especially the IMF, at the head of which there were 4 French. On a funny note, we have a lot of trouble selling our industrial products abroad, but for the export of top quality officials, we are doing pretty well.
  34. 17 points
    Eric123

    Epic Pennant on BTC Chart

    @codiusrex I'd stay away from articles that use someone's twitter feed as a source, that goes double if the twitter feed belongs to Nouriel Roubini. On a tether related side note looks like the NYAG's case againt IFINEX may get dismissed July 29th. https://www.law.com/newyorklawjournal/2019/06/14/crypto-investigation-tests-limits-of-ny-ags-authority/?slreturn=20190528111751 As I've stated before in this feed - my opinion is the Tether noise if FUD. Also my opinion on Facebook's Libra coin (for those that care) - it's somewhere between a really good thing (in that it will bring people into crytpo) and irrelevant, because it is a centrally controlled and issued stable coin (why not just hold dollars?) Bitcoin chart is still looking good. I think people get nervous when the price starts going up by thousands of $ a day, but we're only at what 60% of our ATH. If we're gonna follow the cycle again we are gonna start to have some large daily gains especially next year like $10k, $50k maybe even a $100k day. I think of Bitcoin as a Class A Share of Berkshire Hathaway. Bought some more XRP yesterday and today. XRP's 100 Day EMA will Probably cross the 300 Day EMA in the next week or so.
  35. 16 points
    iLeeT

    Xpring invested projects

    https://ripple.com/insights/welcome-to-xpring/ When Xpring was originally announced it was pitched like: Needless to say 1 year later this is not true, apart from Wietse's XRPL Labs project.
  36. 16 points
    tar

    A short reminder

    ~ 84 USD to ~ 404 USD
  37. 16 points
  38. 16 points
    Guys.. don't try and understand what's going on and predict by what you see/feel. Full time forex trader speaking here. I've learned early in my career that doing the opposite of what I think the price will do works better. How could this be you ask? That's how financial markets work. Big moves just cant take away everyone with it, there needs to be some kind of rekt-ing before. That's how it works. In forex trading, before a big move which is somewhat easy to predict happens, there will be some contrarian technical patterns forming on lower timeframes to lure emotional people into getting out or taking the opposite position, and there will be some manipulation in order to hit people's stop losses. That's how it works. Because a big move cant take everyone with it. In crypto, people buy n hold, I think a good way the market takes people out is when the pump we all wait for is delayed while other coins moon. I see a lot of people switching sides and going into btc from xrp. That's a good sign for me. And should be for you too. Critical thinking guys, xrp pumps outta nowhere all the time, when people expect it less. PS.: Take a look at XRP/BTC chart. What goes up comes down and what comes down goes up (when fundamentals are in check).
  39. 16 points
    dr_ed

    Epic Pennant on BTC Chart

    @Eric123Eric I'm outa likes or I'd have given you a big one. Group hug everybody. lol. @Caracappa The long term chart shows the trend has changed. The bottom is in and we are making higher lows and higher highs. The daily chart is a very bullish pennant formation that looks nearly complete. And importantly, these things are occurring on steadily rising volume. XRP holders will have their day soon.
  40. 16 points
    Truckdriver

    I’m out

  41. 16 points
    https://www.xrparcade.com/news/banesco-panama-and-scotiabank-chile-testing-cross-border-payments-with-ripple/
  42. 15 points
    bryce

    XRP Roundup - Why I am buying

    Fill up that hopium pipe, here's my stress free run down of where we are at: Charts : We look to be heading down to the long term bear reversal line, which I peg at around 43c AUD, this is concerning, but not surprising. We should see a strong bounce here, or a dip under then back up. I am buying. Correlating with the BTC/USD chart, we are at a decision point with BTC, will we push up through this chop zone, or pull back. I am betting on BTC pulling back to 9k USD before it runs again. This will drag XRP down, likely below the long term support momentarily. This is where I will buy, hopefully around 36-38c AUD. This price reversal will be temporary, and should not be feared. Why? Fundamentals! Ripple is poised to drop some serious news into the market which will actually move us. Trumps tweet about crypto was about calling out "non-regulated" cryptos, and dampening down the BTC run, which he see's as China led, and rightfully so (51%, miners, we all know). The key words here are unregulated, based on thin air, unlawful behaviour. This clearly excludes Ripple who is working with regulators, has a purpose and has KYC and a ledger allowing the tracking of finances through the system, reducing the illegal activities. Now right around the same time, Brad Garlinghouse tweets the following: This is a reminder to the community, yes XRP will get SEC clarity, and the ruling will be clearing ETH and XRP through a similar hybrid definition. Note the confidence here, they are partnering like crazy with banks, pushing into the US market through Moneygram, HSBC and doing deals quickly everywhere but the US. If the US chooses to stay out of the this movement, they will be left behind. Signing every bank in India is a clear signal here, along with Middle Eastern countries, Brazil, Japan, Phillipines etc etc. The message is clear, this is happening, and the US will be at a disadvantage if they don't get on board. Couple this with the IMF Lagarde history, her move to the European Central Bank, BIS meetings and progress, the train has left the station. The asian markets are also on board, with China being the last man standing in some regards. BTC does not have the technology to support where we are going, this is common knowledge and should not even be a concern. Price Suppression : Yes it's likely happening, and I think it's being controlled for the purposes of regulation and BTC competition. Trumps tweet mentioned the "Highly Volatile" nature of cryptocurrencies. If you look closely, XRP has not been as volatile as BTC the last 6 months, while we want to see gains, this is not something to fear. Plans within Plans. I think this price suppression is about removing volatility while SEC clarification takes place. We also have BTC maxi's working to suppress the price, through fear of competition,but this will be nothing compared to the money that will flow into XRP once we see SEC clarity and over ride that control. Summary : I am not selling till we see SBI, BIS, SEC, IMF all play their cards. Do not confuse a speculative asset like BTC with a fundamental asset like XRP. It's gambling vs an investment, make your choice and let it play out. Do not sell at a loss through fear, you become the free lunch you seek.
  43. 15 points
  44. 15 points
    Eric123

    Epic Pennant on BTC Chart

    Ok so Bitcoin's price went from: $5k up to $9k $9k down to $7.5k $7.5k up to $14k $14k down to $9k These moves took 2 weeks at the most. Anyone notice a pattern If this keeps up we are at around $17k in less than two weeks. It will look something like this.
  45. 15 points
    Eric123

    Epic Pennant on BTC Chart

    @Benchmark LOL. I don't know why anyone listens to Peter Brant. This is all you need to know about him. https://www.newsbtc.com/2018/12/19/bitcoin-price-warning-trader/ He is a good analyst to follow, if you don't like money. Have we reached peak despair on this board yet? The topics look pretty grim regarding XRP. Me, I keep buying. My XRP bags get heavier by the day. Some people I guess think crypto is a fad - I think it is the way of the future (and I'm pretty sure XRP is going to be a part of that future), so I'm not so upset by these dips. Anyway we aren't looking bad on the BTC chart - we are right around the E-Line. We'll shoot above it, we'll dip below it, it doesn't matter. We are still going up, we are still on track to hit the ATH by the end of November, then the real fun starts next year. By that time I should be he largest holder of XRP outside of Ripple (just kidding).
  46. 15 points
    cryptoxrp

    Xpring invested projects

    Correction of the @yxxyun post. The Wietse Wind project, XRPL Labs: https://xrpl-labs.com IS focused on XRPL AND XRP. I am in frequent contact with Wietse. His team is making good progress and everyone may expect a beta release for XUMM later this year. XUMM is expected to have internet bank functionality and it will be able to do instant payments into fiat using XRPL and much more. Wietse has had a meeting with a large interested party earlier this week (non-disclosure) so we may expect some serious developments. He is laser focused on XUMM (XRPL/XRP bank) with a European bank license (in progress) to handle all fiat transactions. So very much XRPL AND XRP focused!!! The reason I am so positive about XUMM is because we can expect XUMM to be multi-modal, multi-langual and many fiat pairs may be added. So it can be a digital banking app for your smartphone which in time can be used by anyone everywhere in the world (in any country). I would call XUMM a killer app.
  47. 15 points
    Eric123

    Epic Pennant on BTC Chart

    @VanHasen It fluctuates based on price obviously, right now my xrp is about 15% of crypto holdings at it's high it was about 35%. I don't trade basically look for good entries and hold. I plan to start considering selling around $20. @RussianStandards to me Elliot Wave seems to go nowhere. I mean how would it apply to say Amazon Stock? It just seem very two steps forward, two steps back, but maybe I don't know enough about it. If it works for you stick with it. I'm much less concerned with the day to day movement of Bitcoin or even the weekly movements. As you can see I'm more into picking the bottom and top on the multi year cycle. @Trentsteel cheers - glad you enjoy the thread. Day to day movements aside, here is what I expect to happen, retaking the ATH at the end of November 2019. After that point I expect the price will really start gaining traction and start rising. I didn't spend much time on this chart but this is basically it. @ .39 XRP still looks likes the best buy in crypto. To my fellow Americans. Happy 4th.
  48. 15 points
    Crypthawk actually got two things right. He tweeted (which I won't go looking for) something like he wasn't sure if the Canada/MG news would drop before the news about the Ripple/MG acquisition. Then the news about the Canada tie up did come first. He wasn't entirely correct about MG as it's an 8-10% stake rather than a buy out. But that's pretty good scuttlebutt. Also, the deal is for two years and Crypthawk has since doubled down and insists it's still a buy out but that it will occur at the end of the two years. So he could still be proven entirely correct on that. I don't care what else he's done that's shady. The source he got THIS info from is reliable so far and if he says there is bigger news coming, I actually believe it. In his tweets, he's dropped two hints which to me speak of Apple and Amazon. There are a lot of connections between those companies and Ripple (some which I would say are still widely unknown), so it would not surprise me at all for the next news drop to involve one or both of these major companies. Lest we forget, DS did tweet once that Ripple were working with two household name companies that aren't FIs. It fits.
  49. 15 points
    Crypthawk plagiarized the photos of people in attendance at Swell to hoodwink twitter followers in to believing he was an insider attending Swell.
  50. 15 points
    https://www.xrparcade.com/news/leapfrog-forming-strategic-partnership-with-ripple/
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