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

  1. 15 points
    Found by Crpto Eri - 136 page presentation about how Standard Charter ASEAN Economic Outlook Growth and how they expect to integrate Ripplenet and GPI into their payments/settlements systems of the future. ASEAN Economic Outlook Growth in the fast :https://www.sc.com/global/av/id-asean-bankers-conference.pdf
  2. 14 points
    CAPITAL MARKET DEVELOPMENT AND THE FINTECH REVOLUTION: OPPORTUNITIES AND CHALLENGES April 11, 2019 | 13:00 to 14:30 ET, 17:00 to 18:30 GMT Atrium, World Bank Group Headquarters, Washington DC A flagship event of the 2019 Spring Meetings on Thursday, April 11 brought together a panel of fintech experts for a lively conversation on the wide-ranging opportunities and challenges of technological innovation in the capital markets, along with important legal, regulatory and competitive considerations. Overall it was a very interesting video to watch. The moderator was very professional and provided to a very pleasant discussion with the panelists. There is no strict mention of Ripple or XRP, but some parts of the video pricked up my ears. I will give a timeline for each speakers and provide a very succinct summary of each speaker's intervention. At the end of the panel, there is a Q/A. 00:00:00 - Introduction from the World Bank Managing Director and Chief Administrative Officer. 00:07:21 - Presentation of all the panelists by the moderator. 00:09:00 - Question to R3 00:14:08 - Question to the Bank of Canada 00:17:48 - Question to the OECD 00:26:45 - Question to the Milken Institute 00:39:32 - Question to R3 00:46:18 - Question to the Bank of Canada 00:51:52 - Question to the OECD 00:57:39 - Question to the Milken Institute 01:01:45 - Question to all and R3's answer 01:05:54 - Milken Institute's answer 01:07:10 - OECD's answer 01:08:30 - Bank of Canada's answer 01:10:30 - Questions 01:15:35 - Bank of Canada answer to privacy question 01:18:10 - OCDE answer to ICO's question 01:21:45 - Milken Institute's answer to M-Pesa vs Blockchain question 01:25:34 - R3's answer on energy issue and R3 Corda Settler advantages over PoW protocol
  3. 8 points

    XRP: Endgame

    In the end, this is what unites us. The vision of moving value as easy and fast as snapping our fingers. This is my new blog post! https://xrpcommunity.blog/xrp-endgame/
  4. 6 points
    • Consortium of seven founding banks*, along with Ripple (* Founding members are Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada) • RippleNet Advisory Board’s mandate is to oversee the creation and maintenance of payment transaction rules, efficient liquidity structures, common standards and other actions for achieving the below value proposition. Page 135
  5. 5 points
    Thanks @JannaOneTrick You are certainly bringing a new level of professionalism to this forum. The more we dig deep the further ahead of the markets we position ourselves
  6. 4 points
    There are three distinct mainstream public perceptions. The first is that crypto-assets are the “peer-to-peer electronic cash” of Satoshi Nakamoto's paper. The second is that they're custodial schemes controlled by entities of uncertain trustworthiness. The third is that they're investments. Members of the public who hold the first perception are understandably averse to speculation, but they will be happy to use peer-to-peer electronic cash once the following concerns about it have been addressed to their satisfaction: It's so volatile that market gyrations can disrupt ordinary purchases of goods & service while a transaction is in progress Its volatility can wipe out the value of your spending money just when you need it It's too traceable for your own security. Pay your rent in XRP, and your landlord will look up your XRPL address and work out how much of a rent hike he can squeeze out of you. And his underworld friends know if you're a worthwhile target for extortion. Its traceability compromises its fungibility. (The fix is for courts/legislators give it the same legally enforced fungibility as cash. but that hasn't happened yet except (?) in Japan. Slightly easier for XRP than for BTC since the latter is made up of UTXOs.) It's not traceable enough! Governments, fearful of pseudonymous addresses for various good and bad reasons, may choose to wipe out the value of your spending money just when you need it. Members of the public who hold the second perception are wrong (at least, for the top handful of crypto-assets by market cap). It's not their fault though, because the quality of information in the mainstream media is dismal. Members of the public who hold the third opinion are also wrong, at least in the context of XRP and BTC. Some of them are confusing investment with speculation. As it happens, cryptographic signatures are an excellent way to prove/manage the ownership of an investment such as a share in a company, and an honest ICO is offering exactly that. But using the word “investment” to describe an XRP holding is semantically wrong. You wouldn't say “I have an investment in USD”, and there's no reason to use the word differently when you're talking about XRP. Gold speculators make this mistake too, so perhaps that's where it came from. The raison d'être of a [share in a ] company is to make money, and that's why it's semantically valid to call it an investment; but it would be ridiculous to claim that gold, USD and XRP exist in order to make money. So, @7Bs, your carbon credit analogy is quite thought-provoking. Carbon credits were invented to solve a problem (global warming), but we don't know yet if they're going to succeed. The coupling of cryptographic signatures to decentralized ledgers is intended to solve various other problems (banking recklessness, cross-border payment inefficiencies…), but we don't know yet if they're going to succeed. Cross-border payment inefficiencies are not something the public gives much thought to, except for migrant workers.
  7. 4 points
    Again, this is nonsense. You’re stating here that there will be a cap on the price because “ people won’t be able to buy that much”. We’re talking about market liquidity here: market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. Liquidity is about how big the trade-off is between the speed of the sale and the price it can be sold for. In a liquid market, the trade-off is mild: selling quickly will not reduce the price much. In a relatively illiquid market, selling it quickly will require cutting its price by some amount. Liquidity is highly correlated with the daily average trade volume ( over a longer period). Whole crypto is an illiquid market as to now. And you’re right that parabolic rises of the price are more difficult, or even impossible, to sustain than organic rises. But although the correlation between liquidity and price level is not so high as with daily average trade volume, one can state in general that liquidity will be higher with higher prices. ( why do you think that is??) That’s the inverse of your statement!! It all depends of how much interest there is for a certain stock/ coin and the spreads ( highly liquid = tiny spreads). There’s no fundemental cap on XRP’s price that can be calculated with indicators like market cap. BTC is an excellent example, going from cents to $ 5000 in 10 yrs.
  8. 4 points
    The bit I quoted was from the linked source JannaOneTrick put up downloaded from the WTO website. I don't read this stuff, just borrow bits that catch my eye and dump them back on line. Janna seems to be a serious asset to the forum. I think no one really knows what to predict because we are really in uncharted territory with huge volume being generated from public arriving via social media sources and buying on their Iphones rather than through the stock brokers. Crypto might be as disruptive to the stockmarket ways of working as they will be on Banks. (Just the hunch of an outsider looking in)
  9. 4 points
    I agree, but crypto will perhaps behave differently from traditional stocks. The size of the stock market, inflows and outflows, are pretty constant because the people investing are a very well defined class that know their buying limitations. Crypto does not just get funds from the stock markets, funds also arrive from a global market of every person that owns a mobile with a wallet. As the price rises perhaps doubling every week, millions, perhaps billions of mobile phone users from countries as different as Kenya to Canada will learn of this bonanza from the media and join the crypto fever. In 2017 they were stopped from joining by the arcane methods of registering and buying on esoteric exchanges that did not have the resources to keep the bonfire blazing. So the flames were doused before all but a fraction of the potential buyer had entered the market. The next bull run will be higher and longer and involve perhaps 10 times more people, but perhaps the crash will be worse because more innocents will have been dragged into the market and over extended their savings accounts. I expect the crash will come back to a higher low and be stabilised by institutional money... and then a new cycle will begin. Utility will eventually stabilise the market. This is how the IMF think the market will behave
  10. 4 points
    This is going to be lengthy, but bear with me - I don't think that's an issue at all. The thing that people get stuck on is equating price or market capitalization with value, however no such line exists. A price at any given point is nothing more than a reflection of the market equilibrium point between circulating supply, volume, buyers and sellers. Our current price of around 32c simply means that given the current market conditions, volumes, short and long interest, all parameters are balanced at 32c. If someone wanted to exit the market (thereby extracting actual "value" from the asset), they would have to do so within the constraints of the current balance (current volumes, order book depth etc) in order to extract value equivalent to 32c per xrp. Deviating outside of that which is supported by the market at this point would disturb the balance and cause the price to re-equalize at some other level which in itself would be a reflection of such buying/selling impulse. Fundamental value, what Ripple may or may not be doing - or anything else for that matter - feeds into this equation, but IS NOT in itself the equation. The equation and the resulting balance are always caused by the exact same thing - price represents a market equilibrium of supply, volume, buyers and sellers: Good news on the Ripple front may peek buyer interest and tilt the balance. FUD and FOMO tilt the balance. Circulating supply tilts the balance. Volume and adoption will tilt the balance along with increasing value that can be extracted from the market without disturbing its balance. The price thus has very little to do with value. The price is always a product of pure market behavior at work, and in itself is representative of market equilibrium at that point in time. Since the price is produced solely by the market, there is no upper limit to how high the price can appreciate. This is the reason that BTC topped 20k in 2017, and this will be the reason that BTC tops 200k in the future. Does anyone really think that BTC is worth 200k? Now, does anyone really think that BTC is worth 5k? The real worth of BTC is exactly zero. You are buying nothing and getting nothing. Yet, BTC is trading at 5k at the moment, so clearly BTC is not worth zero; it is worth 5k. The reason that BTC is worth 5k is because the current price balance of market volume, supply, buyers and sellers all intersect at 5k. This intersection creates the price, and price drives the perception of value. This perception of value ("it's a bull run!" / "the price is tanking") then drives the market behavior, and the market then fuels itself. The key point here is this: price is the sole product of the market itself. If a price of some asset is x, that does not mean that the asset is worth x, but rather that the market operating against that asset is balanced at the level that supports the price of x. Using BTC example: if BTC ever cracks 200k, it will not be because BTC is actually worth 200k, but rather because the overall market conditions all find balance at the price which is 200k. 200k will thus be the measure of market efficiency (or the lack thereof) first and foremost, and not any type of reflection on BTC's intrinsic value. This exact behavior applies to all crypto assets, including xrp. Underlying asset sets the core parameters for the model, but it is the market itself that produces the price. Now, as to your specific example - If xrp is trading at 5k that means that the intersection of all buyers, sellers, circulating supply and trading volumes are all balanced at a level that supports price of 5k. If we are at 5k, then it is likely that all bagholders have long sold their stacks and there is noone left to tank the market. Let's suppose that is not the case, and someone finds a ledger under their couch with 10k xrp. They dump 10k onto the market, when the market can only support 1000 xrp at 5k level. This throws off the balance, which then reduces the perception of value, which then causes the price to pull back sharply to some lower level. Once price stabilizes (at whatever level that may be; 4k, 2k, 0.5k) the market will again be balanced with respect to circulation, volume, buyers and sellers, except that this time around there will exist one less dusty ledger with 10k xrp that can be dumped onto the market. Market will do what it does until eventually it can punch through the 10k barrier. This behavior is normal, and this is exactly what causes corrections and market cycles. Now, as to "But market cap! But Chris Larsen!" - This is all BS created by the false equivalency of price and value. Price is what market can support GIVEN CURRENT MARKET CONDITIONS. That all caps portion is what conveniently gets omitted from price quotes and market caps, leading people to believe that both are somehow absolute when in fact there is an entire dimension missing from the quote. At any given point in time, value that can be extracted will be dependent on market conditions as it is the market conditions that create the balance (aka the "price"). In other words, the current price of xrp is not "32c"; it is "32c only if xrp is bought or sold at some hourly volume lower than x". Any volume greater than that supporting the current balance will disrupt the balance, and the price will no longer be 32c. Market cap conveniently ignores the second part and assumes that the price is "32c for all!". It should be apparent by now that this is a complete fallacy as it assumes that the total value could be instantly extracted from the market without affecting its balance (price), when in reality the extractable value given any price is likely nothing more than a minuscule fraction of the total market cap. Chris Larsen was a multi-billionaire on paper during ATH, and he could have been a multi-billionaire in real life if the market could *just* sustain a balance of $3.4 and do so for the next five years with him dumping a small portion of his stash every day. Funny enough, that's not how it works. Tracking or comparing market cap would literally be equivalent to me creating a personal KPI called "Automatic capitalization" that tracks my current personal net worth if I would have bought Amazon stock at $7 (except that I didn't), and then use the resulting number to make arguments about how Amazon shares can never reach 10k because that would make me the richest person in the world. A number not rooted in reality cannot be used to make real arguments. "Market Cap" is not rooted in reality. The end.
  11. 4 points

    Still XRP

    This is a very interesting explanation of why XRP is lagging just at the moment A good read : https://hacked.com/crypto-price-analysis-ripple-in-a-long-wyckoffian-accumulation/ Their conclusion is that when it goes it will shoot higher and faster than it did in 2017/18 - which is what many of us have been expecting.
  12. 4 points
    Sounds like a lot of effort to get to your keys. I keep my keys in a bowl by the door so I can grab them before I drive anywhere. I keep my xrp on a nano, in a safe, in an underground vault, guarded by a three headed dog.. That's how convinced I am.
  13. 3 points
    We need to up our game everyone! A petition asking Congress to get involved in a ruling dispute at a high school football game has over 5 times the signatures as the Token Taxonomy Act petition. You can change this by going to: http://chng.it/Hk7SLLSSZk and 1) Signing the petition 2) Using the handy buttons to share on Facebook, email your friends, and tweet to your Twitter followers 3) Copy/paste this message to your favorite crypto forums Don't let crypto get beaten by a bunch of high school kids!
  14. 3 points

    Charts - How To's

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

    Chat: General

    https://www.dcode.fr/tools-list Good luck!
  16. 3 points
  17. 3 points
    @Julian_Williams, That Blockchain Business Value Forecast document sure looks interesting. I googled it and found it costs $1,299.00 Thats some pricey knowledge you’ve acquired; good on ya! Seeing Gartner’s forecast I realized that my thought of how I perceived XRP would rise in value matches what they forecast for the business value. It’s only these last few days since seeing your post that I’ve realized that XRP’s value could be a bit of a roller coaster ride following Gartner’s cyclical growth trajectory. Makes sense as I’ve already been on one part of the roller coaster ride. This flat part of the track is a bit boring. Been good for packing the bags a little better. You and @JannaOneTrick have been putting out some great education lately. My perspective on the possible future has been getting brighter.
  18. 3 points
    What you are describing is accurate. What you are missing is that the same effect takes place many times over as the price ascends to those heights, and with each iteration it shakes out the bag holders and reduces the amount of asset that can be obtained by newcomers. Almost no one currently on this forum will be around if xrp ever gets to 200 (much less to 5000) because they all will have sold long ago. If xrp were to go to 5000 tomorrow then there is no way in hell it could hold that level as everyone would dump. If it were to get there gradually then it would be an altogether different predicament. BTC couldn't hold 20k level because it got there too quickly. The subsequent drop has shaken off some of the bag holders, with the new round of investors entering at 4k and getting much less bitcoin for their money. Next time BTC gets to 20k it will punch through because 1) big bag holders have already dumped, 2) new bag holders have much smaller bags, and 3) new bag holders need a much higher price to realize their desired profits. This is market cycle at work, and it applies to xrp as it does to btc.
  19. 3 points
    This was a pretty detailed post by Genesis about their lending practices and they provide a bit of detail about how the price of XRP affects demand for borrowing. Also, surprise! XRP is their second most in-demand asset for borrowing, outpacing ETH even. https://genesiscap.co/q4-insights/
  20. 2 points
    Tree Update (395 days later): the pinching was a success. notice the 'V' in the tree. thats where i cut the tree in half (see photo above) and the 'crook' towards the bottom was another 'pinching' as well some burn marks started to appear on the leaves which is not a good sign, but we'll see how things go. i know there are new people in XRPchat. anyone else grow a tree yet?
  21. 2 points
    I'm not sure about law outside of the US. However, if you are in the US, a prize which can only be obtained with a monetary contribution would be considered an illegal lottery/sweepstakes. This is why all sorts of promotions mention "no purchase necessary." If you've heard of the McDonald's Monopoly game, then this article explains how a guy received 400~ game pieces without ever buying anything at McDonalds. Although, it did cost similarly in postage; and was definitely a much worse investment in terms of time. It's never a free thing and some "free entry" stipulations are so particular that they're kind of designed to disqualify those free entries for all sorts of reasons. I thought I recall reading one where your entry had to be on a postcard of a precise size and in a certain ink color, along with typical things like "handwritten" to avoid just paying a copying service and such. There's a bit of reading here that is reasonably well-rounded in covering the bases of raffles, lotteries, sweepstakes, etc.. There are likely better articles out there that discuss this in a more clean and direct fashion, but this one fit the general goal of what I'm mentioning. Just some insight in case anything like this does grow ^^.
  22. 2 points
    Personally I do not as I anticipate unlike carbon credits or others like it- the crypto market will be framed/marketed to the retail public in due time at a level not seen before via CNBC, Forbes, WSJ, Fortune, etc if not beyond those platforms. This along with the looming global sovereign debt crisis will have more people/institutions than ever chasing yield wherever they can get it. Carbon credits never held that stature as a market of last resort (afaik).
  23. 2 points

    Chat: divisible units and pricing

    You can define new assets other than XRP on the XRP Ledger. One of the things you could define if you wanted to, is a substitute version of XRP. PRX is that asset. If you know how, you can buy it for XRP. The XRP remains locked up on the ledger in a type of smart contract implemented on the XRPL itself. It was a pretty cool hack. Because of that lockup, you can always sell your PRX back for XRP whenever you want. ILP uses XRP, but because of the high volumes of really small payments, not all of those payments go through the XRPL itself. For this use case, the streaming payments protocol uses XRP payment channels. That allows the to parties to "clear" a lot of small payments very fast. These could include sub-drop payments if they wish to implement that. The sub-drop payments would then accumulate into full drops that could be "settled' on the XRPL at any time.
  24. 2 points

    Still XRP

    Looking back at my crypto investments, I just realized XRP is still my best performer, despite its plummeting since ATH. XRP was my first crypto investment and I bought my stash in July 2017. I'm still in love with the project. I'm still expecting amazing news. I'm still believing that a lot of work is happening behind the scenes. I also realized that being a crypto investor is a tough thing. We go through a lot of emotions. Whatever the result of the crypto market capitalization in 2, 5 or 10 years, this whole adventure changed me. I learned to be self-critical and to reconsider my beliefs through other points of view. I don't post or react much but I'm keeping an eye on this chat. A lot of people don't post anymore, I believe they got tired of always repeating the same things. I'd like to give them a big shout out. At the dawn of a new crypto era, I keep confidence in my early positions and will hodl strong. Just like an amateur marathon, we won't see many of us crossing the finish line.
  25. 2 points

    XRP Payment App

  26. 2 points

    XRP Payment App

  27. 2 points
    But not all people who bought at 30 cents will sell at $ 50. There are many that sold at $ 1 already and some will wait because they expect it to rise to $ 75 soon. What @automatic posted really holds, maybe read it again carefully. Marketcap is BS. It’s no indicator for possible or impossible price levels. The market cap myth has been debunked so many times on this forum that I think this myth has reached it’s maximum forum cap already.
  28. 2 points
    just an item of interest I thought I would share.
  29. 2 points
    https://www.pnc.com/content/dam/pnc-com/pdf/corporateandinstitutional/Treasury Management/PaymentSolutions/Spring-2019/payment-solutions-spring-2019.pdf
  30. 2 points
    One day when you grab your keys and drive off anywhere, I'm gonna come grab your three headed dog and go make my fortune in a traveling Circus Sideshow!
  31. 1 point
    Here since 1912, joined during WW1. I thought Ripple would work over envelopes with cash. Since then it's been this:
  32. 1 point
    The person who created this link used either: a link shortener (like https://bitly.com/) and an utm builder (&utm_source=share_petition&utm_medium=copylink&utm_campaign=share_petition). These are both marketing tools. The link will not harm your computer, it leads to the https://www.change.org/ website. Although, the original link is so long that the creator decided to use the link shortener to spread it on social media (a tweet is 280 characters and a crazy long link won't attract the readers). As to using an utm builder, that's different, it will give the creator information like the percentage of people who clicked it from this or that source etc etc from Google Ads.
  33. 1 point
    The systems are already in place for AML/KYC why not leverage those? Example.....say I have 2 AMY/KYC wallets, one for my long term hold ( like a savings account) and the other for the transaction front (like an on the demand checking account). Lets say I write an app that allows me to maintain a minimum balance in the checking account, but with the middle app I select and pay my landlord. the app moves just enough funds from my savings to my checking and then sends. The checking address would be seen as zero balance (minimum 20xrp I know)...but an outside (landlord would simply view the address as virtually empty).
  34. 1 point
    "I'm still here since 4/5/2019"
  35. 1 point

    XRP: Endgame

    Nice post, nice graphics! You have my blessing for such ending.
  36. 1 point
    The inevitable is coming...I foresee a day when Technology teams are developing ways to overcome all 5 of your points above. On bullet 3, this might scare the 5hit ot of most hand to mouth folks...reality this is an easy fix with technology via an app that allows for quick pay management. I could write the BRD for and manage a development team through this app build in 4 months. it could also be simply done through an exchange....this mask the private users details. I'm not convinced item #5 is not closer to being solved that we think. Items 1&2 both revolve around volatility. I believe this is the biggest hurdle but will be resolved over time ( I feel the volatility is natural in the early stages). When the market matures, I see a stable future. Item 4 is eminent and will provide the same fungibility as cash. I see this item as in the works, and agree that it will be easier with XRP. All these ITEMS become easier to address with resources and teams etc....WHEN regulation removes the uncertainty. I would be hard pressed to develop apps to solve these issues until I see clarity from regulators. Namely - #SEC
  37. 1 point
    That is what i was talking about. Thank u for effort sir medeme
  38. 1 point
    2011: bitcoin will never reach $1000, because blah blah.
  39. 1 point
    https://www.google.nl/amp/s/seekingalpha.com/amp/article/244906-price-and-volume-correlation nice reading @Archbob
  40. 1 point
  41. 1 point
    It is all happening and Ripple XRP software are in pole position!
  42. 1 point
    Where you store the recovery words It's more important than keeping safe a pin-protected hardware wallet
  43. 1 point

    Chat: General

    Have to say I agree, I enjoyed the bearableguy stuff when it was a bear market with not much else to do. Think the alleged stuff happening while you were at same place as ckj the other week probably only fuelled any link people may have wished to draw between you & bg123. Keep it real
  44. 1 point
    Say's the Idiot who took the time to join a group that's all about an Idiot coin!! That kind of makes you sub Idiot!!
  45. 1 point

    Teamwork Will Raise XRP Up

  46. 1 point

    100k stuck since 2018

    Spare Me Your Morals.
  47. 1 point

    100k stuck since 2018

    Well I certainly wasn't expecting sitting at .3C in 2019 April.
  48. 1 point
    I took a hardware certification course in middle school in the 90s in which my teacher -- a very bright man -- explained to us what bits & bytes were. He then went on to talk about Kilobytes, Megabytes, & Gigabytes. He then paused for a second and said, "I'm going to keep going a bit more but you should know this is all theoretical at this point. You will NEVER encounter a situation in real life where you'll need to worry about Terabytes, Petabytes, etc..." I think of this often as a reminder to never say never when Moore's Law, inflation, & time are all hard at work trying to prove you wrong.
  49. 1 point
  50. 1 point

    Thanks for sticking together

    Interesting. But what do you mean with "passive investor"
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