Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation since 08/18/2019 in all areas

  1. 21 points
    automatic

    Epic Pennant on BTC Chart

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

    Forte Blog

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

    The Big Deal

    That visual showing how much money Ripple are investing in Coil is a big story. A little while ago I watched a video where Stefan Thomas explained how they designed the architecture of XRP (or was it Codius) to be very open and flexible to accommodate change. He mentioned how he was avoiding the pitfall ETH had fallen into, apparently ETH is written in a very dense manner with too many options. In a nutshell his mantra is: Built in plasticity wins over accommodating long lists of options for every imagined eventuality. This guy has a very intelligent approach to developing software. He helped design XRP and now he is going after being first in a very big market he has identified. I am quite sure the present iteration of Coil is open to changing to fit the markets that emerge. I think people should not think the way Coil has been launched has much to do with how it will look in five years time. Coil as it presently stand is an opportunity to get a few techies and XRP fanclub involved. This early in the project feedback is king and people like Hodor and Crypto Eri are doing their bit. Streaming payments is not just about videos and entertainment. I have many subscriptions: Business accounting software, Adobe design suites, Trade reference suites, Address finding software, Microsoft Office, Norton spam filters, mobile phones, voip phones and online tutorial services. This is costing my business many thousands a year. I do not like the blanket fees these software companies charge and would far prefer to pay by usage. My wife has a car she uses once a year. Again the insurance should be on usage in real time. Car hire should be streamed on usage. Parking meters should start when I park and stop when I leave. Streaming payments will be huge. Coil are building something with the plasticity to take advantage of the markets as they emerge, that's why Ripple are putting so much money behind their former CTO.
  4. 13 points
    rootvegetable

    The Big Deal

    what does coil need with a billion xrp? there are countless startups that succeed with far less funding. ripple didn't even receive that much funding. is coil really that game changing? I actually don't believe that internet content monetization could possibly be the end game for coil with that level of funding.
  5. 12 points
    Hodor

    Visionaries vs. Protectionists

    Blog URL: https://coil.com/p/Hodor/Visionaries-vs-Protectionists/Dtw6Y_8Vw Who will you follow:The visionaries or the protectionists? Learn more, along with all the latest news impacting XRP, in today's blog! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The SWELL Conference website is updated with more details; The fourteenth episode of the Ripple Drop is released; Shanna Leonard reveals details about Ripple's marketing efforts; and the Technology Policy Institute (TPI) covers regulatory challenges facing Ripple. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas discusses the importance of the Web Monetization standard with Reinhard Cate; and I indicate six recommended Coil content creators to check out for subscribers. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Nasdaq includes XRP in its default cryptomarket listing; Xago shares the results of their latest meetup in South Africa; and Colodax, CBANKX, Simex, and goFaast all add support for XRP on their respective platforms; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  6. 12 points
    LONDON 2019 October 23 - 24 There are a few presentations that I find interesting. But I was mostly and highly anticipating a Corda Settler session. And it has been added today! CordaCon website
  7. 12 points
    Recently there has been a narrative the past few months that cryptocurrencies or the current digital assets traded on the open market are non-correlated assets to the traditional markets. While this rhetoric has been reiterated, there has not been any substantial evidence backing these claims. General retail investors would stereotypically agree that the crypto market behaves in a chaotic manner. Untethered from any external influences and simply driven by its gradual adoption as a means of transacting business without third parties or as a haven. But given historical macro movements, it appears that there has been a correlation to equity markets. Intermarket relationships typically become exaggerated during the months of large macro movements in the markets. Allowing relationships between assets to be easily observable. While the crypto market is relatively “young”, there are several instances within the past few years that have met these conditions. The infamous bull run of Q4 2017 and the September movements of 2018 were two distinct periods where the intermarket relationship between the cryptocurrency market and equities appear. For the sake of discussion, my observations will be primarily focused on XRP. Both BTC and ETH will be sparingly mentioned as most digital assets moved in tandem during these periods. December 2017 During the period in which both BTC and ETH rallied into Q4 2017, alt-coins were experiencing both drastic and exponential bursts of appreciation and corrections. These price movements were often random and unsupported by any announcements or developments in their blockchain networks. And while retail investors in the crypto market were perplexed by these movements, managers and investors outside of the space realized a bubble was forming. XRP’s sudden ascent into single digit dollars late December spurred rumors of elaborate projects going “live” on the XRP ledger or that massive funds had begun to invest into the digital asset. Yet understanding the financial and economic environment during this period provides valuable context to XRP’s movement. At the time, the US domestic economy (along with other major economies in world) began to enter the late-cycle economic phase. Throughout 2017, global markets were experiencing a bull market that was reflected in equities. Bull markets tend to create feedbacks in which investors continue to reinvest or utilize more capital as assets rise in value and new market participants enter. As lenders and speculators gain money fast, speculators equity grows giving them more collateral to secure new loans to reinvest which reinforces the bubble. As speculators continued to make more money, they began to reinvest in even riskier assets. The crypto market at the current time was a completely new and unregulated market to retail investors, making it extremely speculative. As investors from the traditional markets continued to earn capital, they began to seek other avenues to make more money. Eventually more and more investors found themselves entering into the crypto market after either hearing or seeing how participants were doubling or tripling their money effortlessly and quickly. During a bull market, investor psychology begins to change due to the influx of money being made. This eventually causes a shift in investor mindset where the appreciating assets they own are sacred to them and that anyone without them are missing an opportunity. Which exactly matched the general sentiment around the crypto market in Q4 of 2017. Essentially the performance of global equities created a spillover of capital that reached digital assets. Looking at the historical charts during this period and overlapping them, one can visually see this movement. Equities and the total market capitalization of the cryptocurrency market reached all-time highs within a month of each other. Along with reaching all-time highs in unison, markets began to roughly correct simultaneously with crypto being the first to do so. This was easily explained as cryptocurrencies are extremely speculative in comparison to the equity markets and thus carry the most risk. As markets began to reach their tops, riskier assets began to sell off first which was then followed by other, more traditional financial assets. In order to find how strong of a correlation between US equities and XRP during this period was, one would have to calculate and compare their respective performance. There are several methods of calculating relationships between assets, but my methodology will be focused on calculating the Pearson and Spearman coefficient. Both calculating the Pearson and Spearman coefficient will measure the extent of how linear the relationship between both assets are. Both coefficients are always valued between -1 and 1. A positive coefficient implies a positive correlation while a negative coefficient suggests the relationship being inversely related. Along with that, a coefficient around 0 indicates the relationship between both assets is extremely weak. Spearman's correlation determines the strength and direction of the monotonic relationship between the assets rather than the strength and direction of the linear relationship. “A monotonic relationship is a relationship that does one of the following: as the value of one variable increases, so does the value of the other variable. Or as the value of one variable increases, the other variable value decreases.” (1) The following calculated coefficients used both the SPX and XRP daily closing price (excluding the weekends) from January 03, 2017 to May 10, 2018. Ending at May due to visually seeing a divergence begin between both assets. A total of 341 observed daily closing prices for both SPX and XRP were observed. The Pearson coefficient between the assets was calculated to be 0.783669 while the Spearman coefficient is 0.861674. Both coefficients calculated suggest a moderate to strong correlation between the S&P and XRP during this period. Confirming the assumed correlation derived from visually interpreting the overlapped historical charts. Final Thoughts: • Due to the crypto market being illiquid and having shallow order books compared to equity markets, cryptocurrencies experienced exaggerated movements compared equities. • The May divergence can be attributed to many factors such as governments clamping down on exchanges/cryptocurrencies while warning retail investors that crypto was an unregulated space and penalties could be handed for illicit activity. Another possibility could be that capital began to flee in the wake of a bear market beginning in cryptos and along in global markets. September 2018 Although a divergence followed the market corrections of early 2018 between equities and cryptocurrencies, the correlation would reemerge later in the year. While digital assets further depreciated from a correction into a bear market, equities rallied the following months from May. Global equities rose to month-long highs in October with US equities reaching their previous record highs at the same time. Crypto at the time was finally stabilizing itself from the previous correction in January and began to consolidate. But without any developments or announcements, XRP saw its value rise significantly in September 2018. In respect to the other digital assets, XRP was the only major digital asset to experience such drastic change within a couple of days. The extreme movement once again spawned several rumors of entities utilizing the XRP ledger for operations. But US and global equities during these months provides an insightful context to the digital asset’s movement. For example, US equities once again topped in October and began to enter a period of correction with XRP reacting and following the market. To further support the argument of the equities’ influence on crypto, XRP mirrored the stock movement of SBI Holdings. SBI is a major share holder of Ripple and promoter of Ripple’s technology in the Japan. Forming the Japanese banking consortium intended to use xCurrent for domestic rails and SBI Ripple Asia, a subsidiary meant to drive adoption of xCurrent and xRapid in the Asian Pacific region. Explaining the inexplicable tandem in movement between XRP and SBI’s stock. Calculating the Pearson and Spearman’s coefficient describing XRP’s relationship between the SPX and SBHGF(SBI stock symbol) provides support. Observed daily closing prices of SBHGF, SPX, and XRP from September 17 to December 14 was used in the calculations. The intermarket relationship of XRP and the S&P displayed a Pearson coefficient of 0.509245 along with a Spearman coefficient of 0.600470. Suggesting a moderate positive correlation between assets. In respect to XRP’s relationship with SBHGF, the Pearson coefficient during this period was 0.712559 with a Spearman coefficient of 0.706631. A strong, positively correlated relationship between the assets. In comparison to the correlation’s strength in 2017, the S&P and XRP’s relationship weakened but XRP’s tracking of SBI’s stock reinforced the notion that crypto was still being affected by equities. But regardless of the amount of market participants, capital, or volumes traded, money from the traditional markets entered and withdrew themselves for the second time. Final Thoughts: • An explanation on why the calculated Pearson coefficient weakened the second time around could be that the sample size of the data taken is much smaller in comparison to the original calculation. The crypto market was also a lot more regulated than what it used to be. Possibly dissuading previous participants from the traditional markets on entering again. • There appears to be a pattern in which whenever equities reach a localized high, the crypto market potentially receives an influx of capital from the traditional markets that causes a rise in valuations. Present Day Understanding and observing ONE of the main historical influences on cryptocurrencies can help us interpret the movement’s of today. The economic and financial environment also provides valuable context in interpreting current movements. Back in 2017, cryptocurrencies were the new fad where money was to be made. Currently there is a similar movement going on in the traditional markets that involve IPOs. Displaying a similar bullish or even FOMO (Fear Of Missing Out) sentiment crypto witnessed by the general market. These past few months have also seen very familiar movements in the markets. In the month of July, there was a broad rally across on all different types of assets. Whether it was the more commonly traded stocks or the defensive assets such as bonds, much of the market rose synchronized. Even speculative assets such as crypto, which are last to receive capital due to their risk, witnessed a rise in prices. Both BTC and ETH broke out of their downward month-long trends to post new relative highs. With XRP seeing movement as well but not to the degree of the other digital assets. And as equities began to top out again, corrections throughout the markets began to ensue. Currently it appears that what traders witnessed last October and even further back, January 2017, in the markets has occurred again. The third time in which cryptocurrencies and equities have topped and corrected in tandem. Yet past performance is not indicative of future performance or movements. And while I personally believe that this relationship will change in the future, observing and considering historical trends helps us put the cryptocurrency market’s recent movements into perspective. Time will tell.
  8. 11 points
    QWE

    Trim the fat

    Also, @Sporticus, this is your quote from April 2018 (I bolded the part that is completely cotradictory to what you are stating in this topic): Can you explain what changed your opinion in this one year?
  9. 11 points
    Molten

    Charting the course of XRP

    Just got back... more to come later but just wanted to post a few quick thoughts. First, we are 2 for 2 with symmetrical triangles. If you recall we predicted a +/- $0.02 breakout that was supposed to hit this morning and we hit this perfectly, timing and all. We broke from $0.26 to $0.28 and we now stand above $0.28. We hopefully have reclaimed the $0.28 support and this is very good news; we have a floor again, at least for now. We were treading in some treacherous waters there for a minute. I expect that if push above $0.30, we could be in for a nice rally, as I think this will start a short squeeze. All of those shorts are probably sweating right now. If you're going to short, do it after a parabolic run, not after a big price drop. Here is the symmetrical triangle that we ascended out of right on schedule:
  10. 10 points
    Pablo

    Trim the fat

    Are you a qualified lawyer with multi-year experience in the field including dealing with and resolving regulatory disputes or class actions? Whilst precedence is a useful guide, the approach you've taken of substituting one party with another is not the way precedence works. The circumstances and context are completely different. No they don't. I'll explain why below... Duty to the law? Of course. Duty to the Public? Not really - it's a privately held company. Duty to XRP hodlers? Not at all. The key obligation for Ripple execs is to respect the law and the interests of its shareholders. But what happens when the law is actually fluid and open to change? Should Ripple remain silent? In this case, they need to be exceptionally careful. Why? Because they have live court cases and need to be prudent with public statements. That doesn't stop them lobbying for the law to better reflect the needs of the industry. They are doing an amazing job of that, the results of which benefit all of crypto, including XRP hodlers. They are speaking with regulators, industry specialists, central banks, academics and practitioners etc. Who else is doing that? No one. You have asserted this several times. It isn't simple and the fact that you could suggest otherwise raises doubts about the remainder of your points. The logical problem for you is that if you haven't understood the full complexity of the problem to be solved then your simple solution is "dead in the water". Perhaps your solution might work for other organisations, but they definitely don't work for Ripple. Ever thought why this might be if it's so simple? You are of course entitled to your opinions. It's for us to decide if they have merit, whether they are sound. Drawing on your conscience might be a good choice for moral questions but is a terrible choice of building a strong argument about decisions that draw not on matters of conscience but ones of finance, law and politics. On the above basis, I have concluded that your arguments are neither factual nor terribly convincing.
  11. 10 points
    Montoya

    Trim the fat

    How exactly would this benefit XRP holders? Wouldn't the easiest way for Ripple to "grow its revenue" be to sell XRP? Isn't it doing that right now? I can see how revenue growth would benefit stock holders, but last I checked, owning XRP doesn't get you any shares. I assume you mean "grow its revenue through selling products not XRP". But here is the thing, perhaps growing revenue in such a manner requires the sale of XRP. This is information to which we are not privy, and why there is a certain amount of gambling involved when buying an asset such as this. We are hoping that Ripple is getting it right, and trying to grow the value of XRP. But it is entirely possible they could be flubbing it badly. One thing that reassures me is that the incentives are aligned correctly. Ripple has a distinct incentive to increase the value of XRP. So, it is likely they would try to do so in the long run. So then we must assume, if Ripple is flubbing it, it would likely be due to incompetence rather than greedily dumping XRP, sacrificing massive future profits for smaller short term gains. Finally, since we are not privy to the internal processes of Ripple, it is impossible for us to know one way or another if Ripple is flubbing it or not. We simply cannot know that because we do not have access to all the info. So then my question is, given our certain absence of knowledge about the full situation, which is more likely: Ripple is flubbing it? Or we simply don't know all the variables as well as we think we do?
  12. 9 points
    iLeeT

    The Big Deal

    How so? Give it time, you don't really think Coil will just print out their 1B XRP address and hang it on the wall, right? It's an additional supply that will inevitable have an impact on the market. It's kinda ridiculous that Wietse, probably the biggest XRPL contributor that is a non-Ripple employee, gets 100k while Coil, a platform with a dodgy business model and barely any users, gets $250M. Given the recent news of Ripple reducing programmatic sales I'd expect some of Coil XRP sale earnings to flow back into Ripple.
  13. 8 points
    I’m going to pass on answering your first post question...but I do like your post! The climb up to $7B in assets under custody makes for a nice visual indicator of the market over time.
  14. 8 points
    It's called international trade. People buy raw materials or other and make stuff, then they sell it. In this example, a S.American firm imports goods from the USA (paying in dollars), sells final product in local market (for pesos/mxn/other), then they have lots of local currency and bills to pay in the USA. They can use Santander's new service to trade their local currency for dollars. Then the process repeats. They constantly get new local currency because they run a business that operates continuously. They don't sell stuff once, then just stop. They do it day after day after day and currently they have to use the forex markets and interbank exchanges to convert their local currency back to dollars to pay the bills for their imports. What Santander are doing is effectively bypassing the (traditional) forex market by allowing a market maker / forex trader to rebalance the xRapid Corridor that is being used for remittance and is one sided (all the money is coming from USA to S.America). In my previous post I said that the business would buy and trade xrp directly, but actually, I didn't read properly the santander press release and it is really the market makers opening up a corridor to allow traders to exchange currency using the corridor that they are doing the rebalancing on. So I can buy XRP for peso and sell it for dollars, then offer a dollar/peso exchange to all the traders in S.America with bills to pay in US dollars. The answer to your question 'Where does this “someone” get more pesos?' - is simple, from all the traders in S.America who need to pay bills in US dollars and can get a better price from this new Sandander service compared to their usual bank exchange rate. At some point, people will start to realize what is going on here (and I hope I can convince one stubborn valhalla_guy that this is a good thing). The financial plumbing of cross border transactions is being reimplemented with an ILP enabled system that enables xRapid corridors to compete with traditional forex on the backend (using the returning money flow). If and when this traffic picks up and spreads to more corridors then we will see a significant shift in the way things are done. The only question that needs to be answered is ... Can an ILP/xRapid corridor undercut the spreads offered by traditional forex markets? If the answer to this is yes, then it is inevitable that xRapid will gradually take over and dominate the markets, if it is no, then it is inevitable that it will fail. The answer is not clearcut to me because the traditional forex traders will all jump on the ILP bandwagon and put their bid/ask offers up for grabs. I'm betting on "yes" in the long term though, and clearly ripple and friends are too.
  15. 7 points
    CryptoBoiler

    Jed Year 5

    Wow. Sounds like he was just asking a question to me. I didn’t know anything about the escrow agreement either. Every post on here is FUD it seems, unless it’s super bullish xrp go to the moon. Hell, this comment is FUD. I’m FUD I guess.
  16. 7 points
    Eric123

    Epic Pennant on BTC Chart

    @Viggo I agree it would be catastrophic - but I don't think that's gonna happen. There is too many positive things happening. I think we are gonna be at $13k + soon and I doubt we ever see sub .22 on XRP again. @CryptoBoiler General Public Interest increases with price. Once Bitcoin retakes it's ATH which I put around the end of November interest should reawaken with the general public. Institutions are much more important than the General Public. Coinbase's CEO stated that he's seeing new institutional deposits into crypto of $200M to $400M per week. https://www.cryptoglobe.com/latest/2019/08/coinbase-ceo-seeing-200-400m-a-week-in-new-crypto-deposits-from-institutions/ I doubt XRP enters 2020 sub .50.
  17. 7 points
    Julian_Williams

    The Big Deal

    Yes Coil is game changing. Coil is about Live Streaming Payments. Instead of money arriving in lumps it becomes like a liquid flowing out of a hose. The money is not only liquid, it is also arriving at different velocities like petrol going into a carburettor when you put your foot on an accelerator. With this sort of money you can build very different technology. Spending money or providing services for money becomes more akin to driving. The power intensifies when you put your foot down and inject more money into the system, the engine runs slower when the power supply slows down. Now how does technology use this new sort of money? I tell you a lot of the utility for this sort of money is transformative across huge swathes of business. Most of it is beyond your wildest imaginings. For instance you take a train and find the carriages are full so you sit for the first few hours in a first class carriage, then the train empties and you move to the second class carriages. The cost of the trip is deducted according to where you were sitting in the train. Then the train gets delayed and the train company starts refunding you for your inconvenience. So money and lifestyle and your means come become intermingled. Living within your means becomes more intuitive. This technology will be everywhere.
  18. 7 points
    MegaNerd

    The Big Deal

    Im all in XRP and believe it will succeed, but i've been in many investments where there is always someone who writes up articles explaining why 'said investment' is such a win, only for the investment to ultimately fail. It will be interesting to see what happens with our XRP investment over the next several years and whether or not all of these articles are actually substantiated or end up being all for nothing.
  19. 7 points
  20. 7 points
    Tinyaccount

    Trim the fat

    See this kind of biased and antagonistic bs is why your whole thesis is undermined. There’s only two possibilities: If you really think that Ripple does not have a use case then your analytical skills are somewhat suspect. If, on the other hand, you do realise that yes, they do have a very valid use case, and yet you say stuff like the above... then it’s clear that you are a biased and antagonistic poster with an anti-Ripple agenda. There are no other options.
  21. 7 points
    Benchmark

    Trim the fat

    Nope. Ripple operations are funded by sales of xCurrent, xRapid and such. You don't like it you can buy BTC. It's going to $200,000 according to all expert people on Twitter and YouTube.
  22. 6 points
    Trentsteel

    XRP catechism

    Disbeliever, burn him 😬
  23. 6 points
    You mean to tell me that Corda is just another SBI, Bakt, CNY, Wallstreet Bonus?!!!!! Tell me it ain't so! I'm SHOCKED!
  24. 6 points
    Seoulite

    The Big Deal

    This is right. However the customers will want the pay-per-second option, and it only takes a decent competitor to offer that and began to seriously take over the market. I mean the ads write themselves: FADE IN. Young woman asleep in bed in her studio apartment. Above her head is a graphic showing her bank balance slowly draining as seconds go by. Title: You can't watch TV while you sleep, but you're still paying for it. Title: Coil TV Streaming. Pay when you watch. Don't when you don't. OK it's lame but it took me all of 30 seconds to think up. It would very compelling for people looking to pinch the pennies. Of course getting licences from big networks would be the biggest challenge, but not impossible.
  25. 6 points
    BiffTannen

    Cleared to launch - Bakkt

    I can’t believe bakt is still being talked about in a positive light. I’d be SHOCKED if it resulted in anything other than a negative impact on the price. Just another CNY, Wall Street bonus, coinbase, and every other event. For gods sake MG resulted in a whopping 5% that reversed a day later. XRP community is becoming a desperate circle jerk cult in constant confirmation bias. I want XRP to succeed as much as anybody but Jesus Christ wake up. Nothing that has been circle jerked on in the last TWO YEARS has helped the price. XRP will rise when the rest of the Alts rise. That’s IT for the time being and the near future at least.
  26. 6 points
    Montoya

    Trim the fat

    Agenda or not, I think there is value in debate. He seems to be offering substantive critiques anyway, even if I do disagree with them. No need to chase off people who simply hold a contrary view.
  27. 6 points
    Tinyaccount

    Trim the fat

    Oh ok... it’s clearly become suddenly serious once we start writing in red and underlining.
  28. 6 points
    From what I understand, because the previous futures contracts didn't physically settle in BTC, they were simply cash bets on an average price of BTC on various crypto-exchanges, with all the fake volume, lack of market depth, and shenanigans that went along with it. BAKKT will avoid this by physically settling internally and thus determining the correct price, irrespective of any exchanges. In other words they will become the unofficial price setter. This is the legitimate price finding mechanism crypto has been starving for and will help to moderate price fluctuations.
  29. 6 points
    Lawsuit

    Trim the fat

    Hmm. I guess that's one way of looking at it. My view is that when building an ecosystem, you can't really wait for one pillar to be complete before moving on to the next. Software development is iterative, as is scaling a business / product / ecosystem. If you wait for a product to be complete / 100% adopted before moving on to the next pillar, you'll never get on to the next pillar. It's like waiting for your product to be 100% complete before hiring a sales team to sell it - you'll never get your product off the ground if you wait for that.
  30. 5 points
    You have absolutely zero evidence for that. You might as well have said “at this point it’s just as likely the moon is hollow”. In both cases there is no evidence for the assertion and a lot of evidence against it. It’s an extraordinary claim so it should demand extraordinary evidence. And yet you have none. I’m certain of that because if there really was some evidence that XRP is a scam we would all know about it nearly instantly. You are no doubt going to say it’s the sales that prove it... and yet the sales are done as sensibly as possible, and are the only way to distribute XRP fairly which is a necessary condition for the full implementation of the Internet of Value. There is no other path that I know of to the endgame, and yet you and many others moan about these nececesary steps along the path. You should have known all of it before you invested and if you found out anything you don’t like you have options. Instead you and others of a similar mind make extraordinary and incorrect accusations without a shred of evidence
  31. 5 points
    Molten

    Epic Pennant on BTC Chart

    I agree, you can see a potential falling wedge that we have been in since late June that we may be ascending out of. Very bullish if so. If not, and we believe the pattern is real, it's set to break out in late September. This sort of jives with everything else that we are seeing. So, either a break down here off of the upper trend line and back into the wedge or....
  32. 5 points
    Eric123

    Epic Pennant on BTC Chart

    @Milly238 I have a bullish bias because I think Crypto is the future, but short term direction is always tricky. XRP is bouncing against the top of a downward trendline that began on June 26, when everything peaked and then retreated. I think we break through the top of the line here and get a move up in the whole market which I think happens soon - (matter of days). XRP's chart being right at the line is making me more confident that this will occur.
  33. 5 points
    Eric123

    Epic Pennant on BTC Chart

    Day 3 of my missed prediction. We have 3 red days in a row on bitcoin today is slightly green about 1% up. Slight turn up in XRP about .7 % so Moral is up, it's not a big move up, but anything other than a kick in the teeth for alts is met with elation at this point. I have every confidence things will turn soon, big move on big volume that makes everyone forget the last week. In regards to ALTs. Like I wrote before I don't think ALT season will kick off until Bitcoin has regained it's ATH and gone Parabolic. My whole Idea of ALT season is that people see Bitcoin's price go parabolic and those that missed out on it look for "The Next Bitcoin" . If Bitcoin Sh*ts the bed and drops to $9k and tons of people lose money, no one will be looking for the next way to lose money. For most of the public Bitcoin is Crypto. If Bitcoin is a bad investment so is Crypto. I do think we are due for some price appreciation which will happen but I think it will basically in sympathy to bitcoin's move. Just at a glance it seems that ALTs have been moving about double to bitcoin. Move up of 5% on bitcoin = move up of 10% of Alts, just a basic rule of thumb I go by. As to specific ALTs, it seems that Most, ETH, LTC, NEO, the whole community really with the exception of XRP are having development issues which seem to be related to the lack of Blockchain Programmers. Obviously the lack of a talent pool is a this a growing pain of all industries at their initial stage of development and it shows how early in the game we really are. XRP obviously through the efforts of Ripple does not seem to have this problem or at least XRP has enough products developed for it's platform to be functioning as intended (although I'm sure they are probably experiencing the same issues with regard to additional development with regard to the other less mentioned uses for their platform (smart-contracts, etc). So XRP is uniquely positioned at the front of the ALT as far as I'm concerned and should be able to really take advantage of buying momentum when the market turns.
  34. 5 points
    https://todaysgazette.com/indian-digital-asset-exchange-includes-xrp-bypassing-rbi-restrictions/
  35. 5 points
    OlivierA

    The Big Deal

    Hey Hodor, Thanks for another interesting post. I see you have done much more than hanging on, you've built quite a nice blog. I was away on some very time consuming projects for awhile but Coil and especially Cinnamon just brought me back. I would be interested in streaming my movie on the platform, not sure where to start. Any help would be appreciated. As for the XRP community, anyone interested in watching movies on that new platform?
  36. 5 points
    karlos

    Charting the course of XRP

    It's not a phishing attack. Basically some guy in Hungary tries to log in to a random users account, but gets the password wrong 5 times. That locks the Hungarian IP address from trying again and sends an email to the user. You can ignore the message, its more of a nuisance. But please ensure you use a strong password and don't re-use a password from any other site.
  37. 5 points
    Molten

    Charting the course of XRP

    Short interest is fading but still way above "normal" for the past year. We still have room to make a mini-rally if the price can push up and force the short squeeze.
  38. 5 points
    A good thing from physically having to settle in BTC is the fact that the network could break down due to usage causing people to actually look at functionality.
  39. 5 points
    crypto_deus

    Ripple- Stop the dumping

    1) I thought that there's a difference between a "giveaway" and "BUIDLing the IoV". Guess not, if I read your comment. To put things into perspective. Xpring kicked-off just over 1 year ago, XRapid kicked-off just under 1 year ago. Current XRP price doesn't matter. Things will change for better. It will happen faster than you think. Please read these 2 articles and I do mean read it instead of just superficially glance at the headlines. It says what's been done ($500M so far over 20+ companies and what the goal is + info on how the 1B XRP deal with Coil will be implemented gradually) https://medium.com/xpring/partnering-with-coil-1154a156cb07 https://medium.com/xpring/building-the-internet-of-value-one-year-later-b969f37dcb88 TL;DR Xpring has made a major commitment in realizing blockchain’s potential to transform industries through new business models. Growing rapidly to continue to partner with and invest in great teams in the cryptocurrency and blockchain space. Xpring will continue to focus on three key areas: XRP Ledger — Providing tools to developers that are building on the core ledger, including exchanges, wallets, custody providers and payment processors. Interoperability — We believe a tech stack for crypto that is broadly interoperable across chains and layers will deliver the best experience for both developers and end users. We support the Interledger Protocol as a standard for transacting across systems, and are interested in other infrastructures that allow for cross-chain interaction. Decentralized Finance — Investing in new decentralized financial projects with crypto as their primary building block including debt, derivatives, stablecoins and other synthetic assets. Simply put, we want to work with developers and entrepreneurs who are building towards a shared vision to reshape the world’s financial systems and enable the Internet of Value. We started with a team of two... We’re aggressively growing a full stack team including engineering, product, marketing and developer relations to back projects that solve customer problems in a transformative way. Xpring has made a major commitment in realizing blockchain’s potential to transform industries through new business models. 2) Speak for yourself, I'm none of those "XRP HODLers". Be careful not to confuse fiction from some random guy on the net. The "crytpo news" websites that qutoe random people from twitter-sphere should be ignored. But hey if you believe that then believe for sure that five ate nine. 3) So what and in the end team XRP wins because based on SEC's rules it cannot be a security. Also, the world is so much bigger than US. Just saying.
  40. 4 points
    The article includes a tweet about XRP coming to NASDAQ. Exciting developments!
  41. 4 points
  42. 4 points
    Julian_Williams

    The Big Deal

    yes exactly right - that is why Stefan is the ideal person to steer this through. His method, as demonstrated during his years at Ripple, is to build software that has a lot of plasticity so that they do not get trapped in a hole of their own making. I do not take this first iteration of usage seriously. It is a proof of concept stuff. Get this working and then invite the elephants into the room for the party.
  43. 4 points
    Ripple-Stiltskin

    XRP will at $5

    For the record: anyone saying XRP would go down again while it was on the run after december 12, 2017 in hindsight can be considered not only as contrarian but as realistic ( again: in hindsight), but there weren’t many of them ( quotes please!) So who are the contrarians now, at this moment? People who predict more of the same ( 1.5 yrs of tanking/ flat prices) or the ones that say it will be better soon (TM)? We’ll know within 1 or 2 yrs max imo. TLDR : the terms “realistic”, “common sense” and “ voice of reason” give the false impression that predictions made under these flags are more trustworthy. BS.
  44. 4 points
    dr_ed

    The Big Deal

    Good way to dispose of a billion XRP without moving markets and hurting hodlrs. It's pure genius, from that perspective alone. And I keep intending to start a new blog on Coil. I got so far as signing up...This summer has been a dry spell for me and my writing, about cryptos and everything else. This post is a call to action.....not that I have content that anybody would necessarily pay for....but I LIKE the Coil model and I hate the sh!t out of Google at this stage of the game. And I need to start writing again, for my own reasons..like impending old age....lol.
  45. 4 points
    Very likely wrong. Yes we may be stuck in this channel for a while to come. Yes, people are not interested in XRP like they were two years ago, but no, this is not going to go on like this for years. The developments in the XRPecosystem are real and meaningful. They will touch peoples lives and people will make their calculations that XRP is going to grow, and they will begin to invest. Kitao is launching an advertising campaign for SBI in Japan in September. These sorts of initiative might well begin another gold rush. A gold rush may start anywhere because XRP is launching initiatives and opening offices in every continent. Unfortunately as holders we have to bob along on the waves looking out a the horizon day and after day, never quite knowing when we will see land ahoy. It might be months, it might start slowly, or we could find ourselves being lifted over night. That is the dilemma of holding XRP.
  46. 4 points
    Based on previous SWELL Conferences and moreover their ability to increase the value of their beloved asset? No. They don’t.
  47. 4 points
    Cooliozxrp

    The Big Deal

    Coil is just another excuse for ripple to dump more XRP's in the market! The money is going to their friends! Won't be surprised if the money somehow goes back to Ripple's venture capitalists.
  48. 4 points
    dr_ed

    Trim the fat

    I'm not exactly sure what to call it , but there is a paradox here. In the long term, it would seem to benefit all of us for XRP to be as widely disseminated as possible, or at least widely disseminated among potential xRapid users. So how does that happen? They could give it away. Since I paid a higher price than today's price, I don't see that as necessarily fair-minded...although I could endure it if it led to widespread adoption. Selling it into the market seems to be what is keeping XRP price stuck in this range...or it's at least part of it. In their favor, Ripple has responded to complaints about that already and promised to sell less....well see, I guess. Getting a majority of XRP into non-Ripple hands would seem to be the best way to deal with allegations that XRP is a security, so that makes a good reason to sell as much as possible as quickly as possible, from a Ripple corporate perspective. And it might be best for hodlrs in the long term....even though the short term pain is significant. I do have some concerns about XRP losing first mover advantage as the premier digital asset in existence....but frankly, you can thank the banks for that. I think the banking cartel has been stonewalling XRP adoption in the US, using their tremendous clout.....I have a strong suspicion this is why regs here are delayed while every other country in the world figures them out. There is one other piece to this, unrelated to any of the above....the vast majority of alt coin projects (and I'm talking about the good ones) have been hard hit this year...and it has everything to do with a blatantly manipulated bitcoin market and the behavior of the BTC whales who have figured out how to make us hodlrs their whipping boys. You can't blame that on Ripple. XRP, considering the huge supply, has done better than several other coins I like nearly as much. I feel your pain. All of us want to make some money, and none of us wants to see XRP be eclipsed by the fierce completion in this space. It's a risky market...no guarantees of massive returns, although they are still possible, in my view. Not sure Ripple can make that happen by going "lean and mean"
  49. 4 points
    Get your facts straight. BTC is a public ledger. It is an evidence chain that ceases to be private once a transaction hits a KYC'd address. There is no difference in that aspect between XRP and BTC, other that that it costs less cpu to read the history of an XRP account, and splitting funds over multiple adresses is more expensive. But it is probably better to let criminals believe the myth that BTC transactions are 'truly private'. So best ignore this message.
  50. 4 points
    Maybe by the time futures come to fruition some of the forum members may have grown pubes.
×
×
  • Create New...