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Showing content with the highest reputation on 12/13/2019 in all areas

  1. 9 points
    Just FYI: December is starting to look interesting from the ODL traffic point of view. These numbers should not be taken too seriously as some might not be ODL directly, but the trend is very positive and what I'm interested in. The graph to look at here is the $10K to $100K (4th from top, 2nd from bottom) channel where most of the transfers are taking place. The gradual rise from Sep-Nov has been replaced with a much more significant ramp-up during december. NB. these graphs include coins.ph, bitstamp, bitso data in one large set of plots broken down by payment sizes (in $ value not xrp amount). The graphs represent $10-$100, $100-$1000 and so on, MA = moving average (15 days) to smooth out the plots. I like what I'm seeing.
  2. 6 points
    CryptoGerrie

    Uncertain Future

    I am a bit in between @Tinyaccount and others. Are you spreading FUD or really interested? You just joined XRPchat and this is your first topic. Assuming your intentions are okay, let me help you with a few things: The "intrinsic value" of crypto is zero.. But as you studied Economics, you also know that the intrinsic value of the dollar is the face value minus the risk of the issuer. So basically you give it value, by compensating guarantees against that value. No crypto is not gonna change the whole economic system and won't replace bank (sorry BTC boys) The price of crypto and especially XRP is still 100% speculation. This speculation drives and kills the potential to certain extend. in the long run, IMO the only sustainable model is pricing based on utility. I use the world "utility" for a reason, that means transactional volume on ledger would be the right indicator. Not things like market cap or other bullshit metrics often used. Back to your point regarding pricing against demand. Although you might be right, that technically you will need less XRP to make the transactional volumes in your example, it won't really work like that. You are assuming that all XRP is "available". First of all it is not, most is still locked in Escrow. Secondly, there are retail speculators that hold a lot of them including you and myself for example. Then you will most likely see market makers, holding XRP positions in the future. If XRP can rise to 3 USD on speculation alone, I won't be surprised if it reaches 50 USD in the long future. Zoomed out and not looking at XRP specific, you could ask yourself another question. What will happen to all those crypto projects with zero use case? Do you really believe those prices will stay up forever? No they won't.. In a few years you will see that money dries up and project disappear. If and I am pretty sure Ripple is still expanding then, you will also notice a more positive look at Ripple, that really seems to be building a sustainable network. Is XRP a winner for sure? No not at all, it can easily fail and drop to zero. Regulation, change of landscape within banks and others are very uncertain. What is pretty clear ,and most crypto boys don't want to hear, in order for crypto in general to succeed, you need big players like banks. One thing is for sure, and I can easily confirm this as I worked in banking before, the IT systems are very complex. Not only IT infrastructure, but rules & regulations are strong, let alone the complexity of making changes to it , The FACT is that a company called Ripple, somehow convinced a lot of them to use their software is very impressive and showcases that they are not talking shit. But zero to none use the ODL solution that utilises XRP, that's also true. But in general, they don't really have to, cause as long as everyone charges the same fees, no consumer will leave. As bank often loads of services, loans, insurances, retail banking and business banking, the loyalty is often strong. However what you are seeing now in the landscape, that competition outside the traditional banking world is moving in. Companies like Visa Direct, WU and MGI are targeting pain points (like international payments) and trying to get a foot in the door. That is scary for a lot of banks, cause although "payments" is traditional not a very profitable part of banking, you don't want to loose clients. So lowering costs, making payments faster and give better insight in the status of transactions towards client are definitely thing that will be on the agenda. If ODL or crypto is the holy grail, I can't really tell. It does look more and more like it. Cause Saga and JPM are also investing heavily. My personal believe is that Ripple as tech company will always win from internal bank projects. They simple have a better outsider perspective and can move faster. I do believe they will take over more and more and XRP will benefit . But this can take years for sure. But speculation will always move earlier, so having the chance to make huge return next year is realistic. But that is my personal believe and not an investment advice.
  3. 4 points
    Tinyaccount

    Uncertain Future

    Thank you for touching on nearly every fud point that exists. If you are genuine there are lots of discussions about all your points that show the underlying assumptions are often incorrect. I suggest you read rather that ‘watch’ about XRP so that you can get a more balanced view. Have look at this site for a start and maybe go to it’s main page and read its’ other cards before going further afield. https://fudbingo.com/price-won-t-rise-because-xrp-is-too-fast
  4. 3 points
    This doesn't even make any sense....LOL!!! If I'm a start-up and I had an investor who was willing to give me 200-250 million dollars in crypto what ******* idiot (pardon my french) wouldn't take that deal?!?! With that being said, as I've mentioned before Ripple has just as much vested interest in seeing Coil's vision come to fruition as anyone. Wall street reacted to Ripple's MoneyGram deal bc MoneyGram is a publicly traded company and Coil is a small privately held start-up. Also, it was widely known throughout Wall Street that MoneyGram had been experiencing some funding/financial issues of late. When the Ant Financial bid to buy out MoneyGram fell into disarray due to a conflict of interest of a foreign entity having access to the financial records of US citizens many in Wall Street began to predict imminent doom for MoneyGram. However, low and behold, Ripple comes in with a 50-million dollar check to save the day for MoneyGram. Since Ripple's equity purchase of MoneyGram, there has been a flurry of new/extended partnerships for MoneyGram: Canada Post, SentBe, Wal-Mart, Metropolitan Commercial Bank, Visa, ABE of Egypt, SBI Remit, and Pakistani State. Oh, how the tables have turned!! In many ways, Ripple’s most recent equity commitment with MoneyGram is a bold undertaking by them. I don't think most people fully understand just how audacious of a move on the chessboard this was. Essentially, by acquiring ownership/equity (up to a ~10% stake) in MoneyGram, no matter how small, they have essentially tethered themselves to the success and/or failure of MoneyGram so to speak. If MoneyGram isn’t able to “right the ship” and the company has to file Chapter 11 or worst Chapter 7, one can only imagine what Ripple’s naysayers/competitors will say!! At the end of the day, this is what it's all about; laying it all on the line. Ripple has spent a great deal of engineering resources, millions of dollars, and almost 10 years building, testing, and trialing the various solutions that makeup RippleNet (i.e. xCurrent, xVia, and xRapid). It's a put the hell up or shut the hell up moment for them. With Coil they are doing the same. Putting it all on the line and taking some risks. I think Navin Gupta, Ripple's Managing Director of South East Asia and MENA, said it best at the Bahrain FinTech conference last year (02:16:28 - 02:17:48): "Ripple is not an ordinary company. We're not here to have a small market share...or do X or do Y.....or make a small amount of money. We're here to make a dent in the universe!!" So, there you have it. It is a known fact that to bring about signifiant and fundamental change and "make a dent in the universe" your risk is going to be proportionate and in many cases will need to exceed that which you are trying to changed. There will alway be entrenched interest that will always want things to stay the same. Take Ripple for example, they didn't just by happenstance strike over 300 production contract deals by chance. It took a lot of hard work and dedication to prove the naysayers wrong. Now, instead of running around trying to convince banks to give them a shot. The tables have turned and now banks and FIs are scrambling trying to meet with them. With respects to the potential selling pressure of XRP by Coil, you are under the mistaken impression that they're going to immediately dump all of the XRP onto the market. Yes, part of that 1 billion XRP will be sold to help fund day-to-day operations, however, some will be used within the platform itself, and as part of the 100-million dollar Grants for the Web initiative. I think I know what/where your problem lies. Like most, I believe you had an unrealistic ROI (Return-on-Investment) date/time period where you expected the price of XRP to be at XX amount. However, we are still at the beginning of this journey. Ripple has always saw XRP as a catalyst in helping to build out and grow the ecosystem and that is what they are doing with their supply of XRP through investments etc. It is way too early to be getting your panties all in a wad about selling pressure at this stage of the game. XRP is a long-term investment. By long-term, I'm talking years not months. The challenges that Ripple is tacking surrounding cross-border payments and Coil around creating a new payment model for content creators via web-monetization, are monstrous undertakings that are going to be realize over a period of time. So, when you measure the success of these companies you need to do so over increments of 5, 10, 15, 20-years.
  5. 3 points
    https://www.bobsguide.com/guide/news/2019/Dec/10/ripple-growing-quickly-but-may-wait-to-review-transaction-data-publications/
  6. 3 points
  7. 3 points
    yxxyun

    Spam? suspect BTC payments on XRPL

    looks like it stopped and the tps is back to normal.
  8. 3 points
    Tinyaccount

    Uncertain Future

    David and others have repeatedly said there are already quantum resistant encryption techniques available but it’s better to wait till it’s needed because improvements will happen. I have zero concern about quantum computing rendering XRP useless. The only reason you could worry about it is if you think the creator of XRP doesn’t know what he’s talking about. So no, in my opinion it is not the greatest threat, it’s not even close to the threats that actually are important.
  9. 2 points
    Eric123

    Epic Pennant on BTC Chart

    Bollinger Bands continue to move sideways. Normally we the price doesn't flatten out like this for more than a week or so but with the end of the year coming up and some possible tax loss selling left to be done I wouldn't expect any big moves up before the end of the year but hey we all know it does it's own thing.
  10. 2 points
    dr_ed

    Charting the course of XRP

    Molten is no more responsible for hurting anyone than you are for helping anyone, which is to say, not at all. Each of us is responsible for our own financial decisions. Posting charts is simply observing what is going on. I don't buy your concerned, condescending POV. If you think posting charts is of little value (or hurts the herd of followers who make bad decisions as a result) , don't waste your time or mine coming here to express your schadenfreude. Unlike me, I know @Molten to be a long term hodlr who never sells XRP.....his primary interest in posting charts was/is to figure out his potential exit strategy if and when XRP makes some real gains. I use charts to decide when to cut my losses. It's been extremely beneficial to me to follow this thread. I like to back out at times like this and look at the weekly. You can see that we had a bottom the week of 9-2 and started what looked (and still looks, fwiw) to be a new long term uptrend. On the week of 10-21 the trend stalled out, and we corrected and now XRP is making a new base. When we stalled out, the good gains XRP had been making against BTC throughout September and early October stopped. If you look at the BTC chart, you can see evidence that the whales sold XRP and bought BTC back on the week of 10-21...but it failed to break out and it's in a short term downtrend....which is weighing on XRP price. The pattern I want to see....is a rising BTC and a rising XRP. That's the only environment that has been favorable for XRP to do much this whole year. Those who say that XRP is going nowhere until BTC makes a new ATH are oversimplifying the situation, although that scenario would no doubt be good for XRP price, imho. The biggest risk for XRP hodlrs here imho is not more waterfall drops......it is lost opportunity in a market where other alts are currently starting to finally look much better technically. I won't post charts here for XTZ or VET or anything else unless someone asks me, but I would be happy to post and talk about any coin of interest to anyone. My opinions are just my opinions. But I like technical analysis, and I don't plan to stop using it or posting charts. Do you own DD. Make your own decisions. Ignore TA if that blows your skirt up. Fine with me, I consider XRP to be in a decent zone to accumulate, and I am buying in small bites and building my stack again. But right now I am over 50% VET and over 30% XTZ. I am at full bags on VET but still adding XTZ. Currently I am out of BTC pretty much completely. In addition to XRP and the coins I already mentioned, I also am holding small positions in TKY, XDCE. and SHA. I have a medium stack of Nexo, which I hold both for the steady dividend and because it's one of the very most undervalued coins in all of crypto in my opinion (which is based on fundies, not TA).
  11. 2 points
    AlejoMoreno

    Charting the course of XRP

    Half of those are probably throw away accounts where the person comes, spews garbage, and then never comes back again. With that user name at least.
  12. 2 points
    Tinyaccount

    Charting the course of XRP

    A wasted hope for some I’m afraid... if someone thinks that list of malcontents is all of xrpchat then you’d really have to question their judgement.
  13. 2 points
    jheff

    Uncertain Future

    Everyone on this forum tries to predict value based on utility. Look at the BTC chart on a log scale and compare it to every large cap altcoin. Bitcoin has had 3 bull run peaks, most altcoins have had one. They will follow similar past patterns to BTC on the log scale with comparable returns. Buy a mix of ETH, XRP, and LINK and wait a few years. No use speculating on why price will increase with utility when these parabolic runs happen when whales want them to. If you want to look further into what I'm talking about look at this twitter account. Specifically the long term BTC price predictions. https://twitter.com/davthewave?lang=en
  14. 2 points
    The New York Department of Financial Services (NYDFS) is getting specific about how it will update its controversial virtual currency license. https://www.coindesk.com/new-york-regulator-details-changes-to-contentious-bitlicense NYDFS explains how to promote listing of altcoins. Below are two suggestions. (1) Regarding BTC, BCH, ETH, ETC, LTC, XRP, PAX, and GUSD already posted on the DFS website, each licensed company can be listed without need for NYDFS approval in advance. (White list system) Japanese Financial Services Agency has also created whitelist. It is similar. https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/pr_guidance_regarding_listing_of_vc (2) Each licensed company proposes specific listing process policies for each brand in line with its operational model and risk. If the policy is approved by NYDFS, the operator can make listing as “self-approved” without prior permission from DFS. (Self-approval system)
  15. 2 points
    ObeyTheWafflehouse

    Uncertain Future

    I recommend DYOR and read EVERYTHING from @BobWay. He's a wealth of knowledge for the community, but i'll get you started. Stephan proposed an idea that would create a net pressure on XRP. He notes that, "net upward pressure on the price of XRP... and Ripple and I received a patent for it." However in another thread he discusses the "patent." The "patent" is a liquidity sourcing mechanism that allows to pull liquidity from different exchanges at the lowest possible price. With that being said, if you are always using the least expensive payment route, organically the system will grow exponentially over time, which I believe we are seeing RIGHT NOW with ODL. But I haven't touched on why this is good for price. Well, if the volume is exponentially increasing through the payment rails, this allows for more Market Makers to make the market. MMs are able to reduce the speak spread on the ask/bid price of the trade currency, commodity, etc. The more MMs, the more institutions that are holding XRP, not as an investment choice, but because they are able to make a profit from a high volume corridor. Let's say there's a hundred MMs per corridor multiple that by the number of base pairing per currency and the amount of XRP being held overall ramps up very quickly. But as bob said, "But of course the whole strategy is worthless, if the XRP bridge currency path costs more end-to-end than alternative pathways." <---- And that's the risk of your investment.
  16. 1 point
    superavd88

    Uncertain Future

    I don’t consider myself as devoted to XRP as a lot of people who I’ve seen are. For this reason, I haven’t spent countless hours researching about it and might not have an expert knowledge to answer some of my own concerns. I do see potential in what is happening with our financial system and because of that I do have a couple of thousand dollars invested in XRP. Here are some of my concerns: Part of the XRP community – My only experience so far has been youtube so I'll talk about what I've seen there. I think it’s great that youtubers are posting information of things that are happening with crypto and XRP, I’ve seen several videos that help me go out and read about some of the events mentioned that I wouldn’t have researched on my own; however, a lot of the listeners and followers are incredibly sensible towards any negative comment or mention about XRP which makes the content in YouTube extremely biased. Critical thinking is all about listening to different facts and opinions to create your own view and judgment. I think a lot of people either have more than they should invested in XRP or are obsessed with the economic bubble that happened back in 2017 and are expecting for that to happen again in order to get rich quick. Not hearing about the challenges, pitfalls and shortcomings is not good for making educated decisions; promoting crazy valuations make me lose credibility on what some youtubers are posting. This brings me to my next point: Actual value – I might not know all the technical aspects of what XRP can and cannot do but I know that in any market things usually end up aligning to their intrinsic value (invisible hand). I can see the utility that we can get with quick and inexpensive fiat transfer and conversion however in any practical scenario for the use of XRP I can’t see the value of the coin being greatly affected. This is due to the current supply and the speed of the transactions. My understanding when listening to Brad Garlinghouse talk about volatility is that the value in XRP would be the ability to buy with any fiat currency and sell it within seconds so that your currency maintains the same worth at the end of the transaction without holding XRP a long period of time due to risk of volatility. Based on that assumption let’s say that the whole process takes 20 seconds to complete, let’s suppose that you have accessibility to transact 24/7 and let’s use these variables: 1 XRP = $ 1 USD XRP Supply: 50 Billion This would mean that at that price, XRP would have the potential (In an unrealistic perfect and hypothetical scenario) to transfer $216 trillion dollars in a 24-hour day without affecting demand or supply very much due to the 20 second transaction time. I like to compare this to buying something at the store and returning it before you leave the store; their inventory levels are quickly replenished. Even though this scenario is not possible it still tells me that the price of XRP does not need to be extremely or very high at all to accommodate a ridiculously immense amount of demand. Based on that, the biggest factor that would influence the price would be the supply availability - XRP being tied to either medium- or long-term investors. Another aspect would be to assess the fact that XRP has competition with other crypto such as Stellar Lumens which further increases the supply of coins that are available to cover the financial demand, and this consequently dilutes the prices of both assets. My last concern is this one: Ripple Accountability – To my understanding Ripple does not have any accountability for the price of XRP as they are both separate entities. In my opinion this feels like a company going public to fund their endeavors with the catch that they are not accountable to their shareholders for the value of their stock. This gives Ripple complete freedom to create new technologies separated from XRP without any concern if that negatively impacts the prices as the profit is ultimately theirs. As most everyone who has money tied to this, I want XRP to bloom so that I can profit from my investment. I do have a lot of uncertainty however, and I wish that more of these issues where brought up without any biases or feelings involved to better assess what XRP is worth to me at a personal level (How much of my investment money I want to have tied to this).
  17. 1 point
    Coolio

    Spam? suspect BTC payments on XRPL

    No, New trust line and rippling payment with memo.
  18. 1 point
    CryptoGerrie

    Uncertain Future

    Following up on above, just to show that things are moving quickly now. XRP and Ripple mentioned in federal docs. That is not a "scam" https://www.federalregister.gov/documents/2019/12/06/2019-25944/remittance-transfers-under-the-electronic-fund-transfer-act-regulation-e
  19. 1 point
    Staigera

    Uncertain Future

  20. 1 point
    Agree, but it's nice to have stacks of both, for different possible utility purposes!
  21. 1 point
    Truckdriver

    Uncertain Future

  22. 1 point
    Trentsteel

    Charting the course of XRP

    You and a handful of others does not make up the community on XRP chat, and him choosing to ignore other members doesn’t constitute banning, and with that let’s keep things in perspective 🤓
  23. 1 point
    Eric123

    Epic Pennant on BTC Chart

    @Plikk it's all probabilities and sometimes the price action surprises. Though I still have no doubt bitcoin will retake it's ATH in 2020 and most likely before the halving in May.
  24. 1 point
    Eric123

    Epic Pennant on BTC Chart

    I don't think Bitcoin will necessarily drop at all. We can move up from here without dipping any further. Honestly, that so many people think it will drop makes me think that it won't.
  25. 1 point
    Just so you are aware Tiny, the German banks created the money lent to Greece, as that is what private banks do, create the money supply. This lending was a function of rate compression that took place after the creation of the Euro itself. So, after creating the money, they ran a narrative campaign to demonize the Greek public as profligate spenders, as they organize using tax revenue from other parts of the Eurozone to bail out the banks who were the asset holders of the that debt. So, when you say "Greek Crisis", be aware of the narrative you are participating in.
  26. 1 point
    “While certain types of crypto-assets are at times referred to as "crypto-currencies", the (BIS) Committee is of the view that such assets do not reliably provide the standard functions of money and can be unsafe to rely on as a medium of exchange or store of value. These types of crypto-assets are not legal tender, and are not backed by any government or public authority. Therefore, if banks are authorised, and decide, to acquire crypto-assets or provide related services, the (BIS) Committee is of the view that banks should apply a conservative prudential treatment to such exposures, especially for high-risk crypto-assets.” https://www.bis.org/bcbs/publ/d490.pdf
  27. 1 point
    Rutski

    Uncertain Future

    XRP will be a minimum of $53. Math and numbers don’t lie. Lets goo.
  28. 1 point
    https://newslogical.com/revisiting-cme-groups-investment-in-ripple-labs-inc/ CME Group, the world’s leading and diverse derivatives marketplace allowing people to manage risk, has been confirm
  29. 1 point
  30. 1 point
    Julian_Williams

    Charting the course of XRP

    I will miss your posts, but agree with the substance of what you are saying. A few months ago it looked as if XRP was ready to start going up, but I think we were wrong and that XRP is still in an accumulation phase that shows little sign of ending soon. It will end suddenly - no idea when though! I have learnt a lot from you posts.
  31. 1 point
    Dario_o

    Charting the course of XRP

    I have a solution for that
  32. 1 point
    mandelbaum

    Uncertain Future

    William Stanley Jevons paradox: https://en.wikipedia.org/wiki/Jevons_paradox
  33. 1 point
    Staigera

    Uncertain Future

    You want advice Here's one. RUN WHILE YOU STILL CAN!
  34. 1 point
    superavd88

    Uncertain Future

    I actually have a degree in Economics. That's not my livelihood, I work with data analysis but I'm somewhat versed on Economic principles. Back on 2017 I bought some XRP and was able to sell it almost at the all time high and was able to make around a 500% profit. The only reason I did that was because I was trying to take advantage of the bubble before it exploded and it worked. I didn't know anything about crypto except for the world wide hype at that point in time. This November, the same friend who introduced me to bitcoin (should have bought some back then - around $800 BTC) said I should look into XRP. I think what is happening is revolutionary, but I always approach these kind of opportunities looking for things that could go wrong. The reason I gave the hypothetical scenario (which I did state to be unrealistically perfect and impossible) above about the transaction times was just to give an example that a low price still accommodates a huge amount of demand each day. The link posted above has good points. An increase in demand will definitely affect the price, I agree with that, but not to the extent people are saying it will. I believe there is an overestimation on how much transactions will and can affect price. I do think that the speed of the transactions affect the rate at which the price would move up. If you count on that factor alone it is not enough for the kind of prices people are expecting. The biggest factor that would affect price would be investors (I was referring to institutions as well as individuals) holding XRP and reducing the amount of supply. I did not understand the detailed mechanism part on the article, but that sounded like a perpetual price increase based on transactions argument which didn't make a lot of sense to me. I do believe that the current price is not an accurate representation of the intrinsic value of this asset as I think it does have a lot of potential and hence why I have some money tied up to it. My argument is that maybe less than $3 USD per XRP is more than enough to accommodate the real yearly demand for financial transactions globally. Anything above the utility value of the asset is a bubble and I don't even think it could go nearly as high as some of the valuations I've seen, if it did we could have a pretty scary global recession. Anyways, I appreciate all the comments I believe these discussions are valuable and informative. My only intention is to listen to different opinions an ideas.
  35. 1 point
    Molten

    Charting the course of XRP

    I think now is a good time to take a break from watching the price. I am not looking for a big bounce anytime soon and I am finding the constant price checking to make it more difficult to stay within my investment plan, which is to hold for 5 years from my initial purchase price. By that point (2022-2023), XRP will most likely either be valueless or have appreciated quite significantly. Watching the oscillations until that point serves no real purpose as a non-trader. Part of my purpose in teaching myself TA was to identify good potential exit points, but we are currently nowhere near a price that would necessitate an exit plan. So, I think I am going to check out of the forum for a while. I will be hodling all the way and I may check in from time to time to see how everyone is doing, but I want to distance myself from the day to day price action. Thanks to everyone who has contributed (positively) to this thread. I hope when I return every so often that the thread is still alive and humming, along with the other magnificent contributions from this community. Best to everyone and good luck to all.
  36. 1 point
    I keep thinking we're a small and crazy obsessed bunch lol. I know NO ONE in "RL" that has the slightest interest, even ppl I know in IT !!
  37. 1 point
    Wow, that is really most illuminating, thank you so much for explaining all that. And it does fill in some gaps in my perceptions. Some of what you describe is consistent with my thinking too, but attributed to Ripplenet processes, where I had assigned them to ODL customers. Makes so much more sense now... Pretty brilliant design they have architected ! Go Ripple GO !! All my thinking on how ODL is designed has been mainly based on interpreting the empirical clues which our collective data mining has revealed, plus viewing/reading all the content sources us obsessed followers consume Perhaps it would be helpful to the community to diagram this out, to help people understand it better. ---- From a practical POV, my pursuits in this topic are focused on leveraging publicly available data metrics which might help reveal the activities and progress of ODL's deployment and adoption. It's been really interesting monitoring the daily trades at Bitso, as it's quite obvious there are still things in flux with the system's tuning. The next several mini-projects I'm working on are: 1. A cost simulator showing the slippage overhead of ODL events at various levels of cross-border fiat transfers. 2. A chart and archive of the above generated metrics, as I'm expecting to eventually witness a shrinking spread between the paired exchanges - which would indicate improved efficacy and a better chance for success for the ODL service. 3. A combined chart of showing trades executed at the corridor's endpoints - maybe even bring in data from the ledger too, just to see if, and how it may correlate with the trade events. Hopefully I'll not run out of steam or get districted too much by RL demands, heh. Cheers friend, and thanks again for your time and effort !
  38. 1 point
    Julian_Williams

    Epic Pennant on BTC Chart

    I agree WuWei. It is likely to be SBI adoption that really pushes the boat out for more widespread interest in XRP, and this will be followed by media attention to the concept of bridging currencies and their role in the new world financial order. The price will be pushed up by speculative money following stories of utility by organisations like SBI. Meanwhile we remain stuck in an accumulation phase, and prices are as likely to go down as to go up. So brace yourselves and make judgements that you have confidence in..
  39. 1 point
    Tiny. Think about what you are saying. The USD-DKK statement stands on its own, if you honestly think you can pay for contracts denominated in reserve currencies using any currency, then I suggest you do some more reading about the global settlement hierarchy as you are revealing a fundamental misunderstanding about how your financial system actually functions. Anything "can" replace the USD, the world "can" come to an agreement about anything--what they won't do, shouldn't do, is replace a flexible system with an inflexible system. Stop thinking about the world in real terms. "The web of liabilities built on the asset", liabilities are just the opposite side of assets. The web is always equal part liability and equal part asset. The web is not built on gold, or real things, multiplied up or traded around. It's just entries on balance sheets. The entries do not depend on a real asset. The entries increase and decrease according to the interests of people who interact with one another over time. Stop using the word inflation. Try using several words or a different word, it is not aiding your thought process. Liabilities--and their corresponding assets--are all contracts or stem from contracts. A piece of land is a contract, specifically a deed with rights ascribed by the law as to what you can do with it. That piece of land considered over time is a series of contracts, and before the contracts its nothing because no capitalist society exists there--its a place for hunter gatherers or feudal farmers where money and prices have little resemblance to today. The cash in your wallet--it exists because someone else took out a loan contract at some point in the past. Your bank deposits are the same. Your stock shares, treasuries, corporate debt--all contracts. The real goods and services, all produced based on contracts, those contracts all have associated "prices" or values, and they all, always, add up to ZERO, because the liabilities and assets are always everywhere equal to one another. Right. You don't know much about the Euro crisis. So we may not benefit by blending a discussion of financial system operations with ideological narrative. I'm happy to discuss both, but it would be best to understand each in their own right before combining them. Once you understand how the financial system works, you can walk through the Euro crisis and understand what actually happened, and then you can compare that with the narratives that played out and research why those narratives existed. To point out the obvious, you just restated what I said above, assuming XRP is the settlement currency: (1) people who want XRP won't accept some other currency in its place. (2) if Greek balance sheets can't get XRP a portion of the web collapses. (3) XRP FX price adjustment doesn't create lenders of XRP. Stockhammer: The Greek debt crisis is often presented as a result of lack of fiscal discipline. However, from a macroeconomic point of view, German export surpluses are a critical part of the story. A basic macroeconomic account identity states that the sum of public sector balance, the (domestic) private sector balance and the current account deficit (or equivalently: the capital inflows) has to add up to zero. By implication in a country that has a current account deficit either the private sector or the public sector has to run a deficit. Germany has pursued a policy of aggressive wage restraint resulting in large current account surpluses. German gains in competitiveness (since EMU) have not been founded on superior technological performance, but on more effective wage suppression. Germany's current account surpluses are some other countries‟ current account deficits (and capital inflows). In other words, in some countries (indeed most of this is going on within the Euro zone) some economic sectors have to increase their obligations to Germany: in Greece that was primarily the public sector, whereas in Spain it was the household sector. Simply put, German wage suppression rather than fiscal profligacy is at root of the crisis of the Euro system (see Lapavitsas 2010a, 2010b for similar analysis). Europe needs a set of economic institutions and policy rules that address such imbalances and their underlying mechanisms. Balance sheet mechanics. How do transactions actually take place in a global system with multiple currencies. Do Mehrling's course:
  40. 1 point
    I think we are looking at this differently. It’s not MGIs account at Bit-stamp and Bitso. It’s Ripplenet’s. Thats one of the giant advantages of Ripplenet. It’s a modular set of interfaces that removes all the individual peer relationships. It’s not an exponentially more complicated set of relationships each institution must maintain. With multi hop and ODL enabled you fire and forget. You don’t care what path it took. Prior to the firing you’ve already received the quotes. You will get messaged when it’s done and during the stages, but your part is done (speaking as MGI). You only interact at the edges and the rest is modular and not your concern. So MGI initiate an ODL transaction and that’s it. They are done. They don’t have accounts in exchanges, they don’t have to transfer between banks... they just initiate a transaction. If it was a Case A transaction then the pesos will arrive in the recipients account. In a Case B it will arrive in MGIs account in Mexico. They can then use their own self managed cash on hand to pay out the person at their counter. I think you are mixing up in your mind the two entirely different operations. It’s not MGIs capital sitting at Bitstamp waiting to buy XRP. It’s a market makers XRP stack, or it’s a retail XRP seller, or an institution selling XRP. The funds to buy it are the in transit ODL funds. It’s modularised ODL software doing the buying of with the use of the in-transit transactions funds with each segment being dealt with in an overall atomic fashion. Here again, it’s not MGIs Bitso account. They don’t have one, Ripplenet do. (This is perhaps not entirely true... It may be complicated and I do not know for sure who ‘owns’ the exchange accounts but I am fairly certain that it is not the various Ripple customers.) The agent in Mexico (I’ve just been calling them MGI... whether it’s an agent or corporate kiosk doesn’t matter) has their own cash on hand in local fiat. That’s what they give to the recipient. They got it from their local Mexican bank because they have a balance there. That balance is topped up every time there is a Case B and probably also via internal MGI treasury operations, eg payments to agents as fees etc. Those operations might be done via ODL but seems unlikely if they can’t run the corridor at full throttle yet... corporate payments are large. Which brings us full circle... the large trans you see might be Market Makers doing their own arbitrage or perhaps a slim chance it’s MGI treasury, but if so it’s not because they have a bag of Usd they must move for buying XRP with. MGI never buy XRP. (Which is where I originally popped in to suggest you might be wrong about that). Sorry if I haven’t been concise or clear on anything... and I am not an expert, I have just read and watched presentations on it. My suggestion is disassociate the MGI and the ODL entities in your head... then it becomes clearer.
  41. 1 point
  42. 1 point
    This is equivalent to saying that liabilities denominated in dollars can be paid for with danish krone, which of course has two major problems. A contract denominated in USD has no use for DKK. More importantly, assuming DKK was accepted, further USD liabilities on that balance sheet can't be paid for with that DKK--you haven't solved the problem of getting USD. The USD is the global settlement asset, you want to replace it with XRP. If you did replace it, you won't accept DKK for liabilities denominated in XRP, because that's not how settlement works. Movie theaters don't accept tickets issued by someone else, grocery stores don't accept your IOU's for milk. We can test this. Let's write a contract, you and I, that you will give me XRP today, and I'll give you XRP*1.2 tomorrow. Tomorrow, however, I'll offer you Wandering Dog Dollars not XRP--are you still interested in this contract? They are both located on the same ledger.
  43. 1 point
  44. 1 point
    100% all of these partners have a customer base already so there will be a lot of activity on the CasinoCoin blockchain.
  45. 1 point
    As I've said before I'm expecting a much bigger ROI with Casinocoin than with XRP. Glad I diversified as I'm massively in the red with XRP but up significantly with CSC at the moment. Can't wait for those partners to go live, especially Cammegh.
  46. 1 point
    Cammegh eGamingFund GoodGaming OmniaCasino Crazy8Token 5 Partners to go live, this is really exciting!! 2020!
  47. 1 point
    Predicting casinocoin will have the best roi for 2020. Will end the 2020 year in the top 50.
  48. 1 point
    Hey @T800. It doesn't half feel like you are schilling CSC a lot here. . . . .. for which I would like to say a huge Thanks!!! Trebled my investment in a month, which has eased the pain of waiting for XRP somewhat! And it still feels like very early doors on CSC :-) Will buy you a drink one day 😁
  49. 0 points
    KevClem

    Charting the course of XRP

    I was clearly joking, but I get you would be in no mood for laughter given the price of XRP.
  50. 0 points
    Capone

    Uncertain Future

    What kind of shit is that ?
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