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enrique11

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  1. OMG! lol...that's a lengthy-@ss document, no wonder you didn't quote any of it.
  2. Galgitron once made a similar post about Ripple having so many XRP that it would be able to boost the price in its favor to support Ripple's vision for XRP, but I made a similar argument in his post that Ripple would run afoul of serious regulations. So, the similar idea in this thread which works on the same principle as interesting as it sounds would likely break the same regulations put in there to safeguard the retail investors. The SECs top priorty is to protect investors, and they do that by going after the investees using existing regulations. Even if large whales and bots are trying to manipulate price, they won't have much affect even if they coordinate across platforms, because ODL locks in the price before the payment is even sent then executes it. Small payments are harder to affect because the liquidity is there to support such payments, and the exposure to volatility at both ends is a few senconds, and the entire payment takes like around a minute to complete or less. Ripple is trying to support the IoV so value can move around the IoV as digital information moves around the internet, which means payments will find the cheapest path in general. It's good to start small, and it's OK to break micro payments into tens or hundreds of smaller payments because the network fees are so low. This promotes organic growth of the network while allowing more liquidity providers to onboard to provides more paths for value to flow through with less resistance, the same way the actual internet works with sending data effeciently. What the IoV needs is lots of nodes for value to flow through, and then XRP pathfinder algorithm will find the path of least monetary resistance. That's why large payments don't work yet, the network bandwidth and a diverse number paths for those payments to flow through for particular corridors in likely not there yet. This is something that should grow organically, like the internet did. SWIFT can't touch micropayments and in the meantime Ripple keeps onboarding micropayment providers and SMEs, so organic growth supports larger and large payments naturally as the infrastructure of the IoV grows so it can eventually support the flow of larger and larger payments as easily as micropayments with the infrastucture and liquidity is sufficiently large. Banks are the last to get invovled because they generally have the largest payments, and very highly regulated, and most banks already are part of a system called SWIFT which has been around for a long time. If Ripple and ODL can prove itself for small payments and grow organically unchallenged by SWIFT and have this snowball effect of increasing payment sizes and participants, then it allows the IoV to support larger and larger payments without slippage or outside manipulation, then we'll see larger businesses like SME's taking a chance with this system, then the same approach is applied to SME's so growth continues organically until it is able to support small banks and then continue on to larger banks, most of which are in SWIFT. This is just an opinion, but it's nice to see in this thread all these different ideas being bounced around because we can discuss them at length and try to figure out the pros, cons, and feasibility of various approaches, trying to gain more insight into Ripple's plans.
  3. I made a post once that Ripplenet's growth would take off exponentially around 375 customers based on the number of banks in SWIFT, but Ripplenet's customer growth rate will likely take off first, but I'm not sure XRP's customers growth will follow closely behind because the customers that sign up for Ripplenet tend to already have the means to move around value, whereas XRP customers are experimenting with a new tech, and the logistical and executable bugs have to be worked out to see if this alternative works and is significantly superior to existing legacy systems in order for them to switch over. XRP customer demand I believe will grow at a slower pace than Ripplenet demand for a significant length of time because Ripplenet is closer to hitting that point where exponential growth causes the numbers to increase at a much faster rate than XRP's customer numbers, but if XRP's solution can be proven to be very successful at an early stage, it might attract a large number of smaller players, allowing them to enter a niche market that didn't exist before, so XRP customer growth if successful will also begin to show explosive exponential growth, but at some later time after Ripplenet has already grown significantly, so XRP's customer growth might significantly lag behind Ripplenet's growth for those reasons. Ripplenet has significant head start over XRP solution.
  4. I'm not sure about large-payment use case directly competing with SWIFT. I think that should come later. Ripple needs to find a niche market that SWIFT can't compete with right now, like micropayments so it can start to grow its XRP strategy organically with little competition from SWIFT and develop that as much as possible while at the same time onboarding SWIFT customers or other non-SWIFT customers to Ripplenet. The liquidity is not there yet, so if Ripple focuses on micropayments while continuing to onboard large banks and SMEs, then there could be a natural and smoother (non-forced) transition from micropayments to larger SME payment and on to even larger payments from banks. I really would like to know the details; e.g., size and revenue, of these companies dealing with XRP now. See if there is a trend in these companies, like larger companies getting invoved with XRP as these smaller ones start building up liquidity, but the global pandemic came at a vulnerable time for cryptos. I don't know if there will be a next significant bull run that's supposed to happen every 4 years as part of BTC cycle. The speculators are gone for now, but with current global economic conditions and cryptos exposed to the masses in late 2017, a repeat of 2017's bull run might be very muted.
  5. lol....thanks, but I didn't want to mention it because I'm thinking I'll jinx it, and Ripple will stop talking about its customers' progress. Also, I made a mistake saying "if they grow at the same rate", I meant "if they grow at their same respective rates". Ripplenet customer growth rate is 1-2 per week and XRP customer growth rate would be something else, like 1 every 8 to 9 weeks, for example.
  6. I think the price went down because altcoins' prices are strongly, positively correlated to BTC's price. Hodor was a "cheerleader" for Ripple and XRP. I saw him as overly optimistic, like BG123, but to a lesser extent. When I would point out negative things about Ripple or XRP, Hodor would sometimes respond to my posts negatively. I don't recall him ever saying anything negative about Ripple, XRP, so I stopped following his posts because they were always positive and overly optimistic, IMO. I'm not worried about XRP's rank. Different use cases grow at different rates. It wouldn't bother me if XRP fell in rank as long as their is a significant positive correlation between Ripplenet customers and XRP customers. For example, There are roughly 300 Ripplenet customers, and roughly 24 XRP customers. If these number grow together at the same rate, that's a great sign because it means if this correlation holds (X = 0.08*R), then for every 12 or 13 Ripplenet customers we get 1 XRP customer. Need more data points as time goes by to see if there is a positive, predictable correlation, like linear correlation where the numbers grow at the same rate or the formula X = 0.08*R basically stays the same (predictable). It basically means that customers are still as interested in XRP as Ripplenet as time goes by. Theranos was a scam. They promised something that didn't exist. XRP customers, on the other hand, do exist. The CCP has caused so much harm to the world by trying to cover up the pandemic at home, letting it spread abroad to the rest of the globe, and blaming the pandemic on the US on state-run media still even to this day in order to protect the CCP's political power at home. I wish America would avoid China altogether, as the CCP has proven that it cannot be trusted, and a lot of American corporations, like Facebook, Google, etc. are to blame too for contributing financially and technologically to Chinese companies to help the CCP further it's political agenda at home - American corporate greed knows no bounds, helping the CCP maintain its political grip on it's people for the sake of business. I don't mind cooperation between China and US, as long as the CCP is completely out of the picture - it has to go. We should support Japan and neighboring countries of China because the CCP has global hegemonic ambitions based on how they treat their neighboring countries via incursions and exaggerated territorial claims and also by providing high interest rate loans to countries for Chinese to help build these countries' infrastructure in some way and then when the country defaults, China claims the territory and project, increasing it's physical and financial presence in strategic locations around the world. I don't know. CryptoEri on youtube is a good source for keeping up with SBI's current events.
  7. Since XRP's best use case is moving fiat globally, maybe just use a sphere projected onto a 2D surface with XRP written on it with the font wrapped around the sphere. You could make the font green and the earth white with black borders. Green to indicate the movement of money around the globe/world or use could use a black font and make the world green and still use black border for sphere. Something simple and recognizable and intended to symbolize XRP's best use case. Something like the following: or you could take 2 thick "equators" colored in black that wrap around a green 3D globe to form the letter "X" on the front of the globe to represent XRP where the green color is for money and also to represent 'earth friendly' because of XRPL's low carbon footprint compared to BTC's network.
  8. Best solution is for Ripple to adapt as well as possible to a very quickly changing IoV landscape. It has to survive and somehow get FI's and SMEs to see that XRP is one of the best solutions for exchanging two different assets internationally. Many cryptos are trying to chase the next big idea: First came bitcoin, and everyone was trying to create some version of bitcoin. Then came Ethereum, and DApp platforms, platforms for creating tokenized digital assets were all the rage. Now the focus is on developing DeFi infrastructure, like DEXs that support DeFi apps with stablecoins in mind because regulations are starting to catch up with cryptos. So if you look at the inherent properties of XRP/L, the currency, it's network, and the products built to support it, you see that XRP favors very fast transcations, high transaction rate, very low fees, an ability to tokenize assets, but with counterparty risk, and relatively centralized control of validators via the intended target market, FIs. Ripple's products support FIs that want to leverage XRP and its network for transactions. I wouldn't mind starting an XRP-related business one day if XRP is successful, like loaning out my XRP temporarily when more liquidity is needed from MMs, but regulations will be such that these types of business will likely be prohibitively expensive and mistakes will be costly, both financially and legally, and I don't think the FIs want people to compete with them, just as banks don't like people to compete with them for mortgages, and other such large loans. XRP was not intended for us regular investors...I personally believe we speculators and investors were just used to bootstrap Ripple's vision of XRP for FIs by providing market capitalization, liquidity, exchange activity, speculation, and user feedback to devs in order to buy time to make XRPL a great product while waiting for real utilitarian demand from FIs to pick up, so we could eventually sell off to the intended users of XRP, the FIs, and XRPs deflationary aspect would be used as an incentive for us investors to get rid of our Zerps. Deflation takes many forms in XRP: transaction costs, settings changes, 20 XRP account opening, etc. What makes XRP most valuable? Moving lots of value (either as micropayments or a few large payments) from one asset in one legal jurisdiction to a different asset in a different legal jurisdiction - international exchanges of tokenized digital assets with XRP as a medium of exchange between these two assets. Ripple's products in conjunction with XRP can do this for FIs using XRP as a bridging currency! What's missing is the exchanges at the endpoints with sufficient liquidity to make the system work 24/7. Anything else, like sending payments in the same denominated currency from one location to another takes very little XRP, so this is not a valuable use case for XRP in terms of making XRP literally valuable. Yes, you can get a lot of utility out of it, but the cost is so low, it makes the use case of little value to XRP. So intranational movement of tokenized assets using XRP doesn't make XRP valuable and it's something that would be much better suited for CBDCs because no additional asset with high long-term volatily like XRP would be required as a payment fee to send the original asset from one location to another within the same nation, but the volatility doesn't reallly matter because the fees are so low. Also, a government I believe would prefer to use and more importantly control its own solution rather than depend on a third-party solution for something as important as a CBDC. So, I keep getting back to this best use case for XRP which is to unite the legacy financial world and the IoV world for various types of FIs using a combination of Ripple software and XRPL involving international payments from one denominated currency to another differently denominated currency. It's a very specific use case, so for that reason, I see XRP as one of these cryptos that will either work for its one and only intended use case or it won't. There are other use cases for XRP, but those use cases don't make XRP valuable. Utility is what drives the value of XRPL for its users, but it's a very specific use case that drives the value of XRP. These are just my opinions on XRP - I'm sure others have their own ideas about what best suits Ripple and XRP.
  9. I do follow Crypto Eri...she's great...I just have been out of the crypto scene for a while. Thanks for all the info. Hopefully I can get around to looking into the details of these "new for me" developments.
  10. It's basically money set aside for investment purposes. A fund is a collection of assets, and it is usually professionally managed as an investment. So a crypto asset fund would be a substantial amount of money set aside to purchase and manage a particular set of cryptos which can change over time based on how they perform as well as the percentages of those cryptos the fund invests in, in this instance (XRP and other cryptos), by some firm, to be treated and professionally managed by them as an investment. The great news here is that 50% of this fund will consist of XRP, so this firm strongly believes in the future potential of XRP as an investment vehicle. Crypto funds have traditionally prioritized their funds based on marketcaps, volumes, liquidity, etc., so we usually see BTC historically dominating these crypto funds in terms of the percentage of the fund dedicated to BTC, and others like ETH. It's nice to see a fund with XRP as the leading investment by percentage in that fund. It's reassuring.
  11. Thanks, I appreciate your comment about my posts, but to be honest, I've been really out of the loop on cryptos, even the ones I hold, for almost a year. I'm merely making guesses from my residual memories of what my own research into cryptos had lead me to believe about them before I had to leave cryptos once again because of life circumstances. I'm still not fully back in, and don't know when I will be...I'm just slowly trying to get back into the swing of things by posting old stuff from memory. I really came back to this forum because I was concerned about regulations - and the SEC turned out to be such a big let down. I definitely will prepare for next BTC cycle, but it might be a nail-biting situation given current global circumstances involving politics (protests, riots, 2020 election in the US, forthcoming crypto regulations from the US, cyclic pandemic until vaccine is found), the fact that cryptos had major public exposure and heavy speculative investing already in late 2017, and BTC's 4-year price cycle is logarithmic growth not exponential, so I believe late 2021 to mid 2022 is a make or break cycle for those of us last speculators or investors who need to cash out because of our circumstances and expectations that cryptos would succeed sooner than later, so if the next bull cycle turns out to be a dud because most of the speculation is gone and utilitarian demand for cryptos isn't there yet, then crypto speculators/investors who put a lot or all into cryptos will be forced to cash out prematurely, likely at a loss. I recall SBI's CEO having a plan for XRP's adoption by 2025, but with the way things change so quickly in this industry, I don't know what has happened during the last year or so in the crypto space....that's a long time in this space for things to change. I just know about SBI's old plan, so as for the others you mentioned, I don't know...even for SBI, I don't know if their plans have changed...I have a lot of catching up to do.
  12. My fear is that Ripple is too early in this game with its specific use case and has been focusing on one this use case for a long time because of BG and his "peanut butter manifesto" approach. I hope the company hasn't grown too fast too soon and they are desperately trying to find solid footing in this new technology for a specific use case where no strong demand really exists yet within this industry except for a much needed legacy upgrade (Ripplenet only) that is in itself a "legacy system" compared to using an XRP-based solution. Also, if there is no next bull run in late 2021, then most cryptos will likely die out over the years since that's what they've done historically (did a recent post about it), which means more losses for us investors over the years if we're holding the wrong cryptos since only a few cryptos will survive long term to succeed big-time. I still believe XRP is great conceptually as a solution for banks and other related FIs for international exchanges of fiat, but it has to prove itself in practical terms. The problems are I don't really see any other use for XRP other than as a bridging currency - that is it's best use case because the validators can be centralized via ownership of the intended target market, FIs, giving them more control about the direction they want to take this tech, and Ripple has a lot of employees now, and I hope the Ripple net solution is sustaining them, but it really is the XRP solution that will propel Ripple since they hold so much of it. I just hope they haven't grown too big too soon and the problem they are trying to solve with XRP will be further postponed because of Ripplenet. Ripplenet is great idea to segue from legacy system to XRP solution, but it is a double-edged sword, buying FIs more time to adapt to crypto tech while SWIFT tries to retain as large a market share as possible in this new industry, but growth will be organic and slow, not forced onto FIs, so a niche solution like micropayments makes sense for Ripple to pursue for XRP , but I hope they can find the demand soon enough.
  13. SBI did have a plan for XRP by 2025, but now that the global economy is shot, don't know how and to what extent that plan will be affected.
  14. You can sell the deflationary token for the more stable one when you need spending "cash". It's like cashing out of your interest bearing saving account to buy everyday stuff or stuff in emergency situations. Deflation is a bad thing. It like a coin collection that keeps increasing in value. I'm sure you wouldn't use a deflationary coin collection as everyday currency. You would only use it when your ready to cash out your collection or in case of emergency. Rich people do not save money. They use money to generate more money. They will not let large sums of money sit around in accounts doing nothing and let it go to waste. In fact, inflation incentivizes spending, so the rich would typically take money that loses value in this situation and invest it in something that gains in value.
  15. Ethereum is not successful yet. It has a 'speed limit' issue still. They have to make their system much more efficient by switching over to PoS while simultaneously retroactively supporting aspects of their legacy system. They have a lot of work ahead still.
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