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  1. The Myth of Market Cap

    Really good post representing your thought process. in terms of market areas of utility, i happen to agree with many you have listed. Especially looking out for > XRP to make big entry providing a much efficient liquidity ( the one that does not lock reserves ). > "enable" micro-payments globally - for the first time - because many have talked about it, but no one ever had the infra and low fees to make this possible globally. > Adoption and membership growing on Ripplenet + growing use-cases. these shoudl be much more of concern then over-hyped whimsical entity like a coin market cap, based on non-circulating coins. cheers and look forward to your other meaningful posts ! Kindly, R8
  2. Something Shiny Comes This Way... **DONE!**

    Like everyone else here, very pleased and looking forward to. Thanks @Mercury.. sure seems like a lot has gone into this.
  3. Ripple - Singapore, Bahrain, & the UAE

    You ARE the change maker .. just wow- on your spirit. thanks, for everything, and most importantly for what you are ! this is the start of an era - right here.. this is how movements begin and transform the world. Much Respects, R8
  4. Ripple - Singapore, Bahrain, & the UAE

    @mars75 Wow, well worth the wait my friend. while i have had bits and pieces of info, but never clearly connected the dots and effort. So glad you took the time and fortitude to put it all together in one flow. and it sure makes a lot of sense, which goes without saying. Thank you very much. R8
  5. SWIFT

    It all comes down to the service and cost. Swift is huge, with fat obese payouts & structure. Even if they come up with an alternative tech that match speed, scale and value, can they offer at the price that a less then 200 employee company which has its own funding option along with venture funding ( in a way directly funded by people ) offer ? Second, swift is huge, like Microsoft - but know that humanity is scales time huger/bigger then this. as a direct example think linux. Ripple liquidity is where value is generated, and that comes from "open" markets. Third, Swift is huge with their big boys bank structure acting as gate-holders and permit providers on regional basis. Swift is in bed with them, in-fact it was created in bed with them. So many hundreds and thousands of small institutions never had a chance. if they have to offer remittance, they have to basically beg one of the big banks to let them do it using their portal and rates. Now essentially with the services that are developing, its almost like a MP3 cloud service or AWS. banks just become member of a remittance cloud and pool provides common liquidity. Want collateral, hold it in your representative wallet ... want counter-party free collateral ? be king and hold xrp ... .for swift this is unknown territory ... Hyper-ledger ? something that does not have a native asset ? really ? you shoudl take time and think why their every poc uses xrp ... without native asset constructed into the protocol - it is mathematically impossible to achieve many characteristics - price, point, liquidity, disbursement and liberation from counter-party dependencies are just few of them... It's fair to say banking is going through a gigantic change ! and nope Swift is no where near ! doesn't matter how trusted or incumbent they are ... on one side ripple is bringing internet like liberation,m and on other side we have a Orwellian powerhouse you have to beg to ( for membership, for entry, for license and for everything ) AND pay cut at every level ... what joke ? i am genuinely interested if u have any better points... love brainstorming.. but for me swift is already obsolete.. just like dying star it will wield its influence because of size, but nevertheless will die out in time with mass only to reduce.
  6. Ripple/Gates Foundation/India

    @mars75 If i am going to be very conservative, and take the minimal value from the article, even then the facts put together proved the ground is ripe, supportive and mutually beneficial for such a partnership .. and for that alone your post is worth so much.. speculation then merely is about "All stars align, and all thigns fall in place, so can we expect a collaboration" ? clear and good chances ! i woudl say personally speaking thank you very much !
  7. just sharing my personal opinion. I believe this entire correction was directed by market capital curve. which means this cycle supersedes individual cycles. insptie of the bitcoin saga having triggered it. So when it hit 60b, it was an incredible point of entry for new money. I thought that was the bottom and we wont see that ever again for the time being. But just now ETH had a 32 Million USD robbery from a multi-sign wallet. Watch out... At the moment ripple is hugely influenced by general crypto valley sentiments. there is no denying that. it meaninglessly goes down just because eth or bitcoin had some issue. .. but a significant milestone like sbivc or japan remittance is bound to appreciate xrp significantly. So whatever you can find this month before august - if i was looking to put in some new money, i would have done it at market cycle low of 63 B, a weekish ago, if i missed that probably would look for some excellent opportunities caused by eth or some other earth quakes ... come to think of it, anything below 80b is excellent opportunity if u are thinking of a long term ( 1 year or more ) .. so much money is looking for options and crypto markets are bound to cross 150 billion sometime soon. ... as always it will be sudden, and a roller-coaster opportunity grab .. good luck. just to remind not advice, just my personal opinion. Your own risk, your own reward. Kindly, R8
  8. Ripple IPO - good or bad?

    this is very informed and balanced opinion in my view as well. they are keenly focused on "burying" the software in all strategic places to form this essential fundamental base network - which in the first place enables value-connectivity .. and once there the options are myriad and many honestly ... also, we shoudl remember that IPO's can get out of hand in more then one ways and become a massive pain rather then the "popularity and awareness" benefit that it can potentially bring on ! also not to forget the regulatory landscape and familiarization is "not there" yet and needs to mature. perhaps IPO's are going to be risk free advantage points once the landscape is more mature. but as it stands today, I feel either staying out , or at least limiting to standards based and certified ICO's are a must. my point 2 zerps as well ! Kindly, R8
  9. As always, thank you very much for duly keeping us updated ! have a good day my friend ! Kindly, R8
  10. Secure Storage Of XRP: Issues Regarding Secret Keys

    hmm i thought you were just asking how the 24 word secret and related data was managed and if it was secure enough. but this is a different question. hope someone more tech helps answer the same. btw , for the sake of mention, they are utilizing SJCL for all their needs and seeing their imports below gives some idea what/how they might be doing. if interested browse the bip39 standalone ( used to recover from desktop ) here : https://raw.githubusercontent.com/iancoleman/bip39/master/bip39-standalone.html Kindly, R8
  11. Hmm sorry but your math is off as well. float is 27 trillion. 1% of that is 0.27 trillion = 270 Billion , total supply is 100 billion, so 270/100 = 2.7 USD per XRP but the real supply is not 100 billion, and is locked, averaging 1 billion release every year ( that's more then what they have been release recently )- if we say this will materialize even in 5 years time, the true market supply will be 43 Billion, and 270/40 = 6.75 USD. Please feel free to correct me if my math is again off as well ! :-) @Bagheera thanks for the link. @UrzasLegacy those tags, exactly ! lol ( srry, no offence )
  12. Thanks for elaborating on these thoughts. just to add some points on this from the other angle - >> Market making and MM Fund's operation is a strange animal. sometimes keeping the technique secret is the way to go, many other times making it well known, associating as the first entrants and being the first one to present "poc" is more important then keeping secrets, >> Secondly, investment capital is key, the success depends upon being able to have capital ready to fire in various places + having the licenses to do so in various region. So, in a way i can see why they are seeking funds. with their own money could they have done this ? yes perhaps but to get to critical mass, they would have to labor 2 years, missing out on competents. So, there is a good chance they might pull this off ! Especially Vito is from financial background. it i given that its risk, but lets see. @mec1988 : my friend, how did you do your calculations ? because they dont make sense. watermark test amount was around 4 million, and risk adjusted return is 21 percent. So what this means is your earning is simply going to be 21 % of your investment if they 'succeed'. If you are investing 1k usd, then your earning next march is going to be 210 USD. so a total value will increase from 1k to 1.21 k usd. i know in crypto crazy world this looks like dull, but for a conservative projection on 6 months, this is pretty good.you should not be adding the entire supply with all its profit and cut yourself 0.000777% freshly :-) .. but that really did lighten up my evening .. so thanks for that ! Kindly, R8
  13. Thanks for very grounded arguments, in this and also the subsequent posts. they are very close to ground reality and access what can work to less then expected glory. ON the positive side, i woudl like to add, cost cutting, small payments globally, companies like uber ultimately being boiled down by the burden and approaching ripple for a easy single party , any country-any quantity payment solution etc... in short, the larger picture i am conveying which is also very close to reality is financial inclusion. almost 60% + population is not exposed to work markets or services of 21st century, with primary reason being they are unable to transact at their needs and income levels. I see ripples foundation of IOV and services on top of this to fill this gap. and using xrp is crucial and also competitively given for such scenario. int his case we are talking a large sum of untapped market. i cannot in all honesty see an alternative that is mature and trust-able for production at this given time. I have not done any calculations as to how much appreciation of price it might provide to xrp as an asset, due to increased demand and usage... but certainly this is significant and subject to immense growth. my 2 cents. we shoudl realize these people have been watching the progressive world and are dreaming if partaking in it. once they start participating, there is no stopping this wave. Kindly, R8
  14. it has not even been a few months since the last breakout :-), have some patience. But i agree, this si a more sustained asset and not like many overnight-uprun types. We would not talk this way in stocks etc, even after 6 months of stagnation after a major bull run. but you are right, pick your assets, in crypto world i know people declare asset as dead if it does not move for a few weeks :-) good luck. Kindly, R8
  15. hmmm , you really asked me a tough question. thought there are many books and stuff, most of us learn by participating, reading, using it on daily basis etc. also so many of these are financial slang that has been born merely by undocumented but regular usage. Investopedia has always been a gentle start and i have pointed few people there to get started (http://www.investopedia.com/university/technical/) however, more important is to be part of the crowd and pick things over time. and once picked up, one shoudl put it to practice right away ( even if one gets a lot of wrong results in the beginning ) Hope that helps, and welcome to the forum. Kindly, R8