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benstr

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  1. Like
    benstr got a reaction from Ryyy20 in ODL and XRP Relationship   
    You sort of answered your own concerns... "50 billion XRP that are not yet in circulation at all"
    Point 1: If it's not yet in circulation, it cannot be traded nor counted. 
    Point 2: What we are measuring is being traded on any given day. What do I mean? CMC shows 43 billion circulation, $1.9 b traded today. The other 41 billion didn't see the light of day did it? 
    To illustrate my point about circulating supply vs trading volume. Think back to Dec 2017 and Jan 2018.. the circulating hasn't change much from today's circulating supply. Yet the trading volume was sufficient to drive prices to $3.60. How did that happen?
  2. Like
    benstr got a reaction from VanHasen in ODL and XRP Relationship   
    You sort of answered your own concerns... "50 billion XRP that are not yet in circulation at all"
    Point 1: If it's not yet in circulation, it cannot be traded nor counted. 
    Point 2: What we are measuring is being traded on any given day. What do I mean? CMC shows 43 billion circulation, $1.9 b traded today. The other 41 billion didn't see the light of day did it? 
    To illustrate my point about circulating supply vs trading volume. Think back to Dec 2017 and Jan 2018.. the circulating hasn't change much from today's circulating supply. Yet the trading volume was sufficient to drive prices to $3.60. How did that happen?
  3. Haha
    benstr got a reaction from DannyRipple in ODL and XRP Relationship   
    what percentage do you think is necessary before ODL exerts upward pressure? Or you think no matter the ODL volume it will never affect prices.
    Yeah I like playing Prophet. Praise the Lord!
  4. Like
    benstr got a reaction from Johno in ODL and XRP Relationship   
    One very simple way to monitor ODL flow is, measure ODL - total across all corridors, against XRP daily volume (use CMC for now). 
    Divide the two, you'll get percentage. Example: way out into the future, ODL = $150 million basis USD (divide by) $1.7B XRP daily volume (CMC). This ratio is about 8.6% ; When ODL gets to 10% or more of XRP daily volume ODL will begin to exert upward pressure on price.
    Currently total ODL is approx $3.7 million, this works out to 0.2% of total xrp daily volume. You can see why ODL has not moved prices.
    It's happening... we got a ways to go. But we will get there.
  5. Sad
    benstr got a reaction from XRPage in Ripple- Stop the dumping   
    That is correct. And Ripple, being privately held company, DO NOT OWE YOU ONE BIT OF EXPLANATION.
    Become an investor, own some Ripple (private) equity. You will be on the 'inside', more than being a xrp holder. Them's the rules. Don't like'em sell your xrp. Make peace with yourself.
  6. Like
    benstr got a reaction from carpetbelly in Ripple- Stop the dumping   
    That is correct. And Ripple, being privately held company, DO NOT OWE YOU ONE BIT OF EXPLANATION.
    Become an investor, own some Ripple (private) equity. You will be on the 'inside', more than being a xrp holder. Them's the rules. Don't like'em sell your xrp. Make peace with yourself.
  7. Like
  8. Like
    benstr got a reaction from VanGogh in Saudi/UAE Digital Currency Goes Live in Q1   
    Yes. I was thinking the same. We have news a central bank is scheduled to launch cross border payment (powered by Ripple). And everyone's concerned whether xrp will be used or how it will affect price of xrp. A Saudi central bank will be using Ripple powered solution. Guess what? Exposure, real money. Other central banks will be watching this carefully. If deemed successful, other institutions, including banks will get on the bandwagon. This process is call "Adoption".
    This might work out. I think the Saudi central bank like to be innovative and first for once. 
  9. Like
    benstr got a reaction from GiddyUp in Ripple Is Making It Easier for Customers to Integrate XRP. They Aren’t Yet   
    One huge premise Ripple makes about xrp usage, is the freeing up of nostro/vostro accounts. (If) the ability to free up large amounts of capital is Not incentive enough. Then that means all banks and fincos are quite happy doing things the old fashion way. Using nostro/vostro accounting.
    Sometime innovation takes time to catch on. Much like the internet back in 1980s, email, later online shopping. There's no doubt in my mind,  that your freeing up capital, capital that's tied up, sitting in accounts overseas.. participants will find recapture that capital. When given the opportunity. Right now the stumbling block may have to do with regulatory clearance.
    For now:- "Saudi/UAE digital currency goes live Q1 2019   (powered by Ripple)   - Mohsen Al Zahrani, head of innovation at Saudi Arabian Monetary Authority (SAMA), says the central bank’s cross-border blockchain project with the United Arab Emirates is on track to go live in the first quarter of 2019."
  10. Like
    benstr got a reaction from hallwaymonitor in Ripple Is Making It Easier for Customers to Integrate XRP. They Aren’t Yet   
    One huge premise Ripple makes about xrp usage, is the freeing up of nostro/vostro accounts. (If) the ability to free up large amounts of capital is Not incentive enough. Then that means all banks and fincos are quite happy doing things the old fashion way. Using nostro/vostro accounting.
    Sometime innovation takes time to catch on. Much like the internet back in 1980s, email, later online shopping. There's no doubt in my mind,  that your freeing up capital, capital that's tied up, sitting in accounts overseas.. participants will find recapture that capital. When given the opportunity. Right now the stumbling block may have to do with regulatory clearance.
    For now:- "Saudi/UAE digital currency goes live Q1 2019   (powered by Ripple)   - Mohsen Al Zahrani, head of innovation at Saudi Arabian Monetary Authority (SAMA), says the central bank’s cross-border blockchain project with the United Arab Emirates is on track to go live in the first quarter of 2019."
  11. Like
    benstr got a reaction from Cesar1810 in Ripple Is Making It Easier for Customers to Integrate XRP. They Aren’t Yet   
    One huge premise Ripple makes about xrp usage, is the freeing up of nostro/vostro accounts. (If) the ability to free up large amounts of capital is Not incentive enough. Then that means all banks and fincos are quite happy doing things the old fashion way. Using nostro/vostro accounting.
    Sometime innovation takes time to catch on. Much like the internet back in 1980s, email, later online shopping. There's no doubt in my mind,  that your freeing up capital, capital that's tied up, sitting in accounts overseas.. participants will find recapture that capital. When given the opportunity. Right now the stumbling block may have to do with regulatory clearance.
    For now:- "Saudi/UAE digital currency goes live Q1 2019   (powered by Ripple)   - Mohsen Al Zahrani, head of innovation at Saudi Arabian Monetary Authority (SAMA), says the central bank’s cross-border blockchain project with the United Arab Emirates is on track to go live in the first quarter of 2019."
  12. Like
    benstr got a reaction from Zerponaut in Ripple Is Making It Easier for Customers to Integrate XRP. They Aren’t Yet   
    One huge premise Ripple makes about xrp usage, is the freeing up of nostro/vostro accounts. (If) the ability to free up large amounts of capital is Not incentive enough. Then that means all banks and fincos are quite happy doing things the old fashion way. Using nostro/vostro accounting.
    Sometime innovation takes time to catch on. Much like the internet back in 1980s, email, later online shopping. There's no doubt in my mind,  that your freeing up capital, capital that's tied up, sitting in accounts overseas.. participants will find recapture that capital. When given the opportunity. Right now the stumbling block may have to do with regulatory clearance.
    For now:- "Saudi/UAE digital currency goes live Q1 2019   (powered by Ripple)   - Mohsen Al Zahrani, head of innovation at Saudi Arabian Monetary Authority (SAMA), says the central bank’s cross-border blockchain project with the United Arab Emirates is on track to go live in the first quarter of 2019."
  13. Like
    benstr got a reaction from Yodaxrp in Message To Craig Wright. You Messed With The Wrong Community.   
    Fuyaa you joined on Nov 14. Extremely active with doubts about this community. Your Not Craig Wright??
    You seem to 'Like' very negative comment concerning Alex.  This is something Craig would do, you see.
    If you are Craig, stop hiding behind some username-Fuyaa (like fool yaa). Don't hide like a COWARD.
  14. Thanks
    benstr got a reaction from xrpmeplease in TransferWise Won't Buy Into Blockchain Until More Banks Use Ripple   
    They are using nostro/vostro accounting to accomplish this. 
  15. Like
    benstr got a reaction from zenkert in Message To Craig Wright. You Messed With The Wrong Community.   
    Yes I know what you mean. My take is no matter what Craig will always feel he won. But keep in mind, that's only his take on the outcome. What about everyone else's takeaway? If we are watch or read an open debate.. we all come to our individual conclusions. And guess what - many people will learn the truth about xrp through such a debate. A win for the xrp community. 
    Another point is I know "most don't do this in the open". To get Craig in an open forum debate, he will expose himself for what he truly is -sociopath/narcissist. The more people know this about him the lesser people will care about him. Long run he loses. 
    I understand the recommendation is to not engage them. We'll see how this plays. We are only talking now.
  16. Like
    benstr got a reaction from Deeznutz in Ripple’s xRapid Client, FLEETCOR, About Buying Western Union Business Payments   
    My guess is WU having seen Ripple's xRapid product potential, though unable to integrate into WU's existing infrastructure, probably decided to sell it while they are on top. WU figuring as time goes by their B2B cross border will not be able to compete. Hence sell for top dollars?
  17. Like
    benstr got a reaction from Babelly in Ripple’s xRapid Client, FLEETCOR, About Buying Western Union Business Payments   
    My guess is WU having seen Ripple's xRapid product potential, though unable to integrate into WU's existing infrastructure, probably decided to sell it while they are on top. WU figuring as time goes by their B2B cross border will not be able to compete. Hence sell for top dollars?
  18. Like
    benstr got a reaction from Cesar1810 in Saudi/UAE Digital Currency Goes Live in Q1   
    Yes. I was thinking the same. We have news a central bank is scheduled to launch cross border payment (powered by Ripple). And everyone's concerned whether xrp will be used or how it will affect price of xrp. A Saudi central bank will be using Ripple powered solution. Guess what? Exposure, real money. Other central banks will be watching this carefully. If deemed successful, other institutions, including banks will get on the bandwagon. This process is call "Adoption".
    This might work out. I think the Saudi central bank like to be innovative and first for once. 
  19. Like
    benstr got a reaction from Cesar1810 in SWIFT gpi is fast !!   
    Maybe in the future we'll see the labeling  "Powered by Ripple". Time will tell.
  20. Like
    benstr got a reaction from Swiss in Binance Community Rates XRP as BitBank XRP Average Trading Volumes Surge   
    Yes they have their own coin. And that about sums it up.
    Using their own coin doesn't help increase participants, nor money flow through their exchange. Using a more desirable trading pair like xrp, will make a difference.
  21. Like
    benstr got a reaction from Deeznutz in SWIFT gpi is fast !!   
    Maybe in the future we'll see the labeling  "Powered by Ripple". Time will tell.
  22. Like
    benstr got a reaction from Deeznutz in More than a Ripple: What Pushed XRP up 100% in a Week   
    This shows that "good news" does not guarantee higher prices. Price auction is dynamic. The market will move when it is good and ready to move. 
  23. Like
    benstr got a reaction from Artificer in Something about Ripple I have heard from China's bank   
    xCurrent does not use xRapid. No need for market makers. Thus in theory Chinese banks can test for savings and speed benefits. xCurrent can be used for domestic transfer, if banks find it provides better tracking.  I believe with China, it will be work in progress for Ripple. End of the day, money talks. When China looks around and see other international banks save money with faster service. They will come around. If not they will fall behind.
  24. Thanks
    benstr got a reaction from Ryyy20 in U.S. Judge Says Initial Coin Offering Covered by Securities Law   
    Ripple never had any ICO to raise funds. I unable to find XRP/Ripple whitepaper. A whitepaper which speaks specifically about how funds received from XRP will be used toward development. As the judge said "from a federal criminal law perspective ICO are..securities". This statement would not apply to XRP. 
    As far as we know, XRP was gifted in it's entirety to Ripple Labs. As such, XRP is a digital asset on Ripple's books. Ripple owns it. And not through any Initial Coin Offering.
    If a company needs to raise cash it can do so by 1) issuing and selling stock or 2) sell off company assets.
    In Ripple's case, they sell their asset XRP to raise cash. No new coins(XRP) are issued. 
  25. Like
    benstr got a reaction from jn_r in U.S. Judge Says Initial Coin Offering Covered by Securities Law   
    Ripple never had any ICO to raise funds. I unable to find XRP/Ripple whitepaper. A whitepaper which speaks specifically about how funds received from XRP will be used toward development. As the judge said "from a federal criminal law perspective ICO are..securities". This statement would not apply to XRP. 
    As far as we know, XRP was gifted in it's entirety to Ripple Labs. As such, XRP is a digital asset on Ripple's books. Ripple owns it. And not through any Initial Coin Offering.
    If a company needs to raise cash it can do so by 1) issuing and selling stock or 2) sell off company assets.
    In Ripple's case, they sell their asset XRP to raise cash. No new coins(XRP) are issued. 
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