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Everything posted by spondulixrp

  1. "premined" is stupid for many reasons. Anyone can create a POW coin and some arbitrary group of "insiders" can mine it for X amount of time. If I come along and mine some, the coin is now "premined" right, because other folks mined it before I did? The whole thing makes no sense.
  2. @Hodor are we confident XRP’s scale is truly limitless? Do numbers like “trillions” of TPS make sense with XRPL and payment channels? I know it’s been tested at thousands of TPS but is it theoretically unbounded, or does it have an upper bound that can be measured in the millions/trillions? You’d think layer 1 would restrict things somehow but maybe I’m not thinking about this correctly.
  3. Hmm the content doesn’t render in Safari ive noticed. Couldn’t read the last @Hodor article either. I had to use a web scraping tool to get at it. I wonder is it a Coil issue or something else. I do run an ad blocker. Tried on iOS and macOS.
  4. This massively ambitious project wants to disrupt sensitive and complex existing monetary and financial infrastructure across national borders and do so via a privately controlled currency from the most publicly reviled and controversial company in big tech. They may have money but I’d be surprised if it buys them this. Seems like hubris and risk of absolute failure is enormous. I would not be surprised if the token/cryptocurrency side of this disappears completely and they wind up doing regular payments.
  5. He is actually a bot. In real life too. Why do you think he does not blink?
  6. I'm guessing that was Cory Johnson responding as I've seen him push that market cap calc. I prefer Brad's take on this: don't worry about the charts day to day, focus on utility. If XRP was 10 places lower on CMC I wouldn't give a crap. Although it would be nice if the price didn't go down, heheh.
  7. Just don't look over here please.
  8. From my knowledge of the history of this, I think it's mostly innocent. But innocent or not, it's important to distinguish between what's actually being built vs vague technical spitballing, especially if you're non-technical. I'm amazed at how fast this crap spreads. It's not long before it's picked up by the so-called "journalists" either. With that in mind: NOTHING TO SEE HERE FOLKS, NO HIDDEN LEDGER FOR XRP AND WON'T EVER BE. XRP EXISTS ON THE PUBLIC LEDGER AND THAT IS THAT.
  9. ^^^ there is more to DS' comments than the above. You should go back through his responses on the matter on Twitter. The "hidden ledger" is a BS rumour, nothing more. XRP folks on Twitter have tried to dispel it, as it's misleading, but somehow it pops up every so often.
  10. Is this old or new, annoying how they don't put the date on Insights articles... or at least I can't see it.
  11. It's quite possible he's just misinformed and putting slides together with bad data. More than likely in fact.
  12. Nah, he didn't. Monica tried to suggest that, but I didn't think he committed to it? I got the impression he conceded to being wrong on the bank, if not straightforwardly.
  13. I don’t know if this exists but it would be cool to have a world map of exchanges which are providing XRP and some slider to show the growth of the network over time, highlight official partners etc. Don’t know how many new zerp pairings have been introduced this year but it’s surely a lot.
  14. Thanks for the clarification on terms. So generally what I meant is that XRP needs more pairings and “official” partner exchanges for the network effect to spread. I guess that contributes to liquidity and thus lowers volatility. As has been said a zillion times, the price just needs to be less volatile than fiat over the same corridor, which apparently it already is in certain instances. I think @Hodor has raised legitimate and considered questions in his past blogs, the stuff about volatility etc. seems to be a tired old red herring at this point.
  15. Volatility is not a big problem for xrapid (https://fudbingo.com/). Liquidity is a problem but one that’s getting solved. @Hodor is generally bullish on XRP’s long-term prospects but he has mentioned risks in the past. It’s actually hard to find balanced negative material about XRP but I think David Schwartz has been pretty honest about it. He has said they could be crazy for thinking XRP will work. He has sold some XRP in the past. Them’s the breaks. General manipulation (not specific to XRP) in the markets is a risk to XRP in the short to medium term as it appears to frighten regulators and XRP would like broader regulatory clarity. Who knows how long that could take. Three years? Ten? In the meantime it will be confined to usage where regulation is more relaxed. XRP is a very high risk investment and nobody should extend so much into it to the degree that they are seriously uncomfortable. So don’t do that.
  16. Is this same as what Ethereum is looking to do, but Zerp has already done it? I think on Ethereum dudes call it sharting.
  17. Etc. There's a lot going on on his twitter feed, I haven't absorbed the latest stuff.
  18. Crypto is high risk by any measure. We could be at 0.03 after Xmas if there’s a bad crash. The current value is propped up 99% through speculation - it’s certainly not Xrapid volume doing it!
  19. I think @galgitron rolled back on the idea that the volumes he detected were indicative of XRapid FYI. There was a miscalculation on his part which he admitted to on Twitter (much to his credit, of course).
  20. 589 was something dreamed up by a possible troll or conspiracy theorist and it’s for the kooks. It’s a joke. Don’t pay any heed to it. Volatility is not a big concern for XRapid as XRP is fast and not held for long during the transaction. There’s plenty of reading out there about this and Brad Garlinghouse and David Schwartz have both said as much. It’s stable enough right now to send money through it. Price can go down as well as up, so prepare for the worst. In the long run (1-5 years I guess) hodlers expect it to rise but the project could also just completely flop - it’s still a risky endeavour. Anybody giving actual numbers is just guessing. We could be at 0.03 or 30.00 in a year, for example, depending on overall market sentiment and XRP adoption. Manipulation is certainly a thing but nobody knows how much of a thing it is. I’d ignore it. As far as we know, XRP was sold to institutional buyers at record levels in the last quarter. We don’t know what kind of institutions or what they intend to do with it. Read @Hodor‘s blog on the last XRP markets report for a good summary, and the report itself of course.
  21. A bit off topic, but where do you guys stand on the notion that Siam Commercial Bank is currently using XRP? Kinda seems like it might be the bank we were told about for 2018. There's a thread here about it:
  22. Jackson took XRP off http://arewedecentralisedyet.com because he couldn't handle "dealing with the Ripple community". https://github.com/ummjackson/awdy/commit/72c161b79418e5f9d4eee3e67348f91acd5dd09c There was a PR open, to correct the figures for XRP, which he never merged, having requested such PR's: https://github.com/ummjackson/awdy/pull/67 Seems like a petty dude.
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