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xrpmoonboiz last won the day on January 13 2018

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  1. @SamIam I don't think it's going to be one big pool either (see above). I think it could be all of the pools across RippleNet. Miguel discusses something interesting in this video (right around 54:30).
  2. Distribute may have been the wrong word since Bob and others have said that doesn't work. I meant strategically sell their xrp to partners to incentivize them to use it and build deep liquidity pools in certain corridors.
  3. Great to be back and love the response! You're 100% right about market makers making more money if the spread is bigger and that they'll want a tighter spread for the reasons you mentioned. Also, as more market makers enter the space, the MM with the tightest spread will end up winning since the best price will get the trade. Regarding xRapid, I think I misinterpreted Bob's comment (pic attached). Since his response didn't indicate it could increase the price, I took it that it wouldn't, my mistake. But you are right that he mentioned 2 factors: 1) new traders buying xrp to be market makers and 2) people holding xrp to reduce payment cost. Regarding the month, I'm with you in thinking that it could/should be a real-time system. My reasoning behind the month time frame was that the patent sounds very similar to Ripple's escrow which releases xrp every month, so my initial thought was that this system might track the various resource paths over each month, and when the xrp is released every month it would automatically distribute based on the calculations over that month. I'll follow that up with, is all of Ripple's xrp in escrow or is there some that they could be using now to fund different corridors?
  4. You make a very interesting point and Bob actually said that in one of his posts. He was analyzing Stefan's claim (which eventually became the patent) and Bob thought it would only depress the price of xrp...until it didn't. And then they patented that process. Here's a little excerpt from the patent that talks about the 'monitoring computing device'
  5. Been a LONG time since I've posted here...feels good to be back. I’ll start this post off by saying that although I have been following Ripple/XRP for years, and invested in XRP years ago, over the last year I have stopped following as closely. I feel like a noob sometimes. Between moving to a new city, a new job, family things, etc., I haven’t been able to follow as closely as I’d like. I see the announcements, see the price movements, etc. but don’t see everything, so if I mention anything in here that has already been said or spoken about...sorry. But Bob Way’s posts from the last week or so have driven me down a deep rabbit hole and I love it. I’m going to reference some of Bob Way’s posts in here and I really don’t feel like going through the threads to find his specific posts and linking them. Sorry. I’m lazy right now. If you want to go find them, look in the ‘Hi! I’m Bob’, “Answer: wen moon?’ and ‘Answer: about the patent, Let’s talk’ threads. Also, Bob (and anyone else), if in this post I’m misinterpreting anything, if it’s plain stupid and makes no sense, if it’s hype, just say it/report this post. If it’s so over the top, I’ll take it down. I wanted to take some time to discuss the price of XRP. Obviously, all of crypto has hated the price movement of every coin since the end of 2017, but XRP is unique. Let’s discuss. It is always been talked about but the main thing to remember is this: utility. XRP is not like other coins. There is actual utility and real-world use of XRP. Average people like ourselves use XRP. Payment providers use XRP. Financial institutions use XRP. And this real use case in the real world plays a significant role in the price of XRP. In order for XRP to become the world’s bridge asset, there have to be many players in the ecosystem. Some of the biggest will be market makers. Remember this: market makers do not care about price. They make money off of the spread and the narrower the spread, the more money they make. You know what market makers hate? Volatility. Volatility kills their spread aka they do not make as much money. So when you see the price of XRP staying somewhat stagnant, that is GOOD. Market makers are at work and they’re making money, they’re happy. Obviously, a higher price of XRP is good in the long run, but market makers play a SIGNIFICANT role in the XRP ecosystem and if they can make money while the price gradually increases, everyone wins. Now, I’m sure everyone is itching for XRP to pump (myself included), especially after seeing other alts pump recently and the overall bullish sentiment of the market. But if it doesn’t pump, we should be VERY happy about that. Why? It’s safe to assume that when a coin pumps, there’s probably not a lot of liquidity. Order books are thin and there can be massive moves up or down. For other alts, that’s fine - most don’t have real use cases. But typically what follows a pump is a dump. And it makes sense, people want to see profits and they’ll unload their coins. But for XRP, we might not want that. Why? Again: UTILITY. XRP has a real use case and actual customers - we do not want the price to be pumping and dumping. When XRP stays somewhat constant, with good volume, that’s VERY good. That means that the order books are deep (more liquidity) and that over time institutions can make larger trades without moving the price way up or way down. Customers using XRP want liquidity. They NEED liquidity in the market to use XRP. We’re also itching to see xRapid move the price. However, Bob Way said it himself the other day - xRapid probably isn’t going to move the price of XRP. You’re buying and selling the same amount in a short amount of time. What xRapid will do, however, is show institutions the benefits of XRP without having to hold it. And for some institutions, xRapid is perfect for them. However, some will see the benefits of using XRP and won’t want to pay additional fees for using xRapid, so they’ll want to hold XRP themselves. Bob also mentioned that over time this could put upward pressure on the price, with institutions realizing how liquid XRP is and wanting to hold it. So, what does xRapid do (for XRP, we know the savings it provides for customers)? It provides liquidity. It deepens the order books. And yes, it may help to increase the price due to demand. You know what else it does? Brings market makers in the game. Why are market makers important? They’re going to play a MASSIVE role in helping XRP become the world’s bridge currency. Now, this is the part where my tinfoil hat really has been put on (more so than above), so absolutely be skeptical of EVERYTHING I say. I took time this past week to read through the issued patents that Bob Way has. And then I read through them again. And again. And again. They’re VERY hard to understand and I definitely do not truly understand everything that is in them, but some parts jump out. I also want to mention that Bob Way posted that one of these patents (Stefan’s original idea, but Bob and Ripple have been issued the patent), over time, puts upward pressure on the price of XRP and could help force XRP to become the world’s bridge currency. One of the patents (resource path monitoring) was issued in July 2018 and seems to discuss the distribution of any resource (corn, XRP, water, etc.). If you read through it, there are a few paragraphs that seem to describe the escrow process that Ripple has with XRP...which is intriguing that the patent came out just a few months before escrow actually happened (the escrow announcement was also 2 months before this patent was issued). THIS NEXT PARAGRAPH WILL SOUND CONFUSING BUT I WILL TRY TO BREAK IT DOWN AFTER. BEAR WITH ME: There is a lot of wording in the patent, but one thing that jumps out is that it discusses a reservoir resource pool which sounds exactly like Ripple’s stash of XRP. It discusses how the intermediary resource in this pool (in our case, XRP) can be distributed from the reservoir resource pool to other resource pools (accounts) on the same resource network (in our case, the XRP ledger). It also discusses that a computer-implemented method can monitor various resource paths on the resource network over a certain amount of time, called the monitoring period, and that the reservoir pool can then send the intermediary asset to various resource pools at the end of the monitoring period during a time called the distribution period. This computer monitoring system can monitor volumes/costs on various resource paths and during each distribution period can distribute the intermediary resource based on the volume/costs of each resource path. If during one monitoring period there is a resource path that uses a lot of the intermediary asset, the reservoir pool has the ability to send more of the intermediary asset to that resource pool. If during one monitoring period the intermediary asset is not used that much in a certain resource path, the reservoir pool has the ability to send less of the intermediary asset to that resource pool. Ok...let’s try to decipher this. To me, this sounds EXACTLY like Ripple’s escrow process. What I took from the patent is that during a certain period of time (monitoring period) a computer system has the ability to monitor the movement of all funds over the XRP ledger. Basically, they can track all of the different payment paths over the XRP ledger and can see the volumes/costs associated with each ‘resource path’, which could be a fiat-fiat path, XRP-fiat path, etc. I would guess that the monitoring period is a month...when Ripple’s XRP is locked in escrow. At the end of each month, Ripple distributes some of their XRP to various accounts to help build the ecosystem as they say. They distribute it based on the volumes/costs of the previous month. Who are they distributing it to? My guess - market makers. This could be crypto exchanges or other institutions (think a trading desk at a bank) and they distribute the XRP in markets/payment paths where they believe it will help. They’re helping to make XRP the bridge currency in those markets. Now, let’s connect the dots on why this is important. There is a patent that they have that allows them to distribute XRP based on calculations of the XRP ledger. They are able to distribute XRP to market makers (and others) which helps to bring deep liquidity to XRP markets. Over time as RN grows, this will help force XRP to be the world’s bridge currency Now I’m a little tipsy off of the red vino after writing this, but I think this relates to what xPool could be. This came to me late last night, and I didn’t want to share it, but why not. Everybody thinks xPool will be one big pool of XRP that people can draw off of...how is that possible? Who controls the pool? Who controls the private keys to the pool? Again, I’m tipsy, and not a technical genius, so if something like this is possible, please let me know. However, I don’t think it’s one big pool at all, I think it will be related to the resource pools discussed in Bob’s patents and to the pathfinding feature that will eventually bring together all of RN. Now, this is also where I want people to correct me if I’m wrong because I haven’t followed the advancements of xCurrent/RN over the last year. The end goal of RippleNet is for everyone to be connected (aka multihop). As on now, xCurrent is used as a messaging system and leverages Nostro/Vostro accounts and we all know what xRapid does. BUT as RN grows, it will all be connected, and everyone will have a resource pool. A resource pool may not be this complicated idea. We know Bittrex is an xRapid partner - they have a ‘resource pool’. It’s every resource that they hold. Based on what I’ve read about the other Bob Way patent, xPool could the next software integration that connects all of RN (much like the pathfinding feature they have listed on page 17 of this page - https://ripple.com/files/ripple_solutions_overview.pdf). That patent (resource transfer setup and verification) sounds VERY MUCH like what everyone thinks the Interledger Protocol will be...and that patent was just given in January of 2019. It’s also interesting that Bob Way mentioned xCurrent uses ILP 1.0...I’m not sure exactly what 1.0 entails but is 1.0 just atomic payments when you can leverage Nostro/Vostro accounts? Could the latest version that just got patented be the ILP we all think it is in terms of connectors moving various assets (fiat/crypto/etc) at once over multiple payment paths aka multihop? Bob said the current version ILP is 4.0...customers were also supposedly beginning the transition to xCurrent 4.0 last fall...a couple of months before the patent was formally issued. Very interesting. Now - that’s all for me. Please let me know if this is all stupid and I should take it down. I’m going to enjoy the rest of my vino but I wanted to share this with you all. I’m sure it took various turns but, hopefully, it makes sense and encourages people to go dig deep in the patents/other articles and connect the dots.
  6. And this definitely can be updated, but enjoy this rabbit hole too...
  7. I wrote this in January, but do you really want to dive in? Here you go...
  8. I definitely agree with you that we should challenge things as it helps us to have a better understanding of things. In regards to banks having branches all over the world (Santander has 250 in Brazil according to Google btw), my main point, which I didn't do a great job in explaining, was simply that these banks which are using Ripple's software are all over the world. I know for me sometimes it's easy to just think "Oh Santander, they're HQ is in Spain, that's cool" without stopping to think about every branch all over the world. And to your last point, I think today was a step in the right direction. Obviously Lian Lian is only using xCurrent, but the interconnectedness in China is massive. Currently in the beginning process of writing a new article surrounding China. Love the dialogue!
  9. Appreciate it! Definitely makes you think...now to find the next dot to dig into...
  10. “You can't connect the dots looking forward; you can only connect them looking backwards." I've been sitting on this post for a couple of days, but finally decided to post it tonight. As always, just connecting dots together by using public information - this isn't my way of saying anything will happen, just information that I found incredibly interesting that I'd like to share and hear your thoughts on. After my post connecting many dots to Ripple, I decided to look backwards and take a deeper dive into what I think could make sense for a possible partnership using xRapid. A few weeks ago I reread the article that said dLocal was using Ripple and another article saying they were partnered with AliPay, among others. Ant Financial is part of Alibaba and operates AliPay. Alibaba is massive. Ant Financial is massive (most valuable fintech in the world). AliPay is massive. I don’t think we can even comprehend how many people are intertwined with Alibaba, so I decided to start with AliPay to see what I could find. Here’s an example of what I found: The Ripple website gives a simple breakdown of how xRapid works. Payment providers use xRapid to send XRP to banks, who then pay the beneficiaries in their currency. Here is a nice illustration: https://ripple.com/solutions/source-liquidity/ We know how big AliPay is in China, but in 2017 AliPay AGGRESSIVELY partnered with payment providers all over the world, integrating AliPay into their existing software. For example, dLocal in South America. This partnership allows Chinese buyers to make purchases from South American merchants using AliPay. AliPay deducts the amount of a payment from the buyer’s account in real-time in CNY and settles the payment to the merchant in a foreign currency. Below are some of the payment providers that AliPay has partnered with that pertain to this article - there are MANY more: Zapper - dominant payment provider in UK and South Africa dLocal - payment provider for South America who already uses Ripple (new office in India, but not related to this article) Stripe - payment provider with global partnership with AliPay Wirecard - payment provider in Germany NAPAS - Vietnam Quest Payment Systems - Australia AliPay obviously is used in China, and it is available to Chinese visitors in Japan as well. Time for my favorite part: connecting dots between AliPay, payment providers in certain countries or regions, and banks using Ripple in those countries. These are just some examples, there are many more. US/Global - AliPay partnered with Stripe. Many banks have partnered with Ripple and they have locations throughout the world. Brazil - AliPay partnered with dLocal. Santander has partnered with Ripple and has a branch in Brazil. South Africa - AliPay partnered with Zapper. Standard Chartered has partnered with Ripple and has a branch in South Africa. UK - Alipay partnered with Zapper. Standard Chartered has partnered with Ripple and is based in the UK. Interesting tidbit - Standard Chartered Bank got its name when the Standard Bank of British South Africa merged with Chartered Bank of India, Australia and China (went by The Chartered and was incorporated in London) in 1969 France - AliPay partnered with multiple payment providers in Europe. Multiple banks partnered with Ripple have locations in France. Germany - AliPay has partnered with Wirecard. ReiseBank has partnered with Ripple. Australia - AliPay has partnered with Quest Payment Systems. NAB and Westpac Banking Corp have partnered with Ripple. Vietnam - AliPay partnered with NAPAS. Multiple banks partnered with Ripple are in Vietnam. China - AliPay accepted. Shanghai Huarui Bank is partnered with Ripple. Japan - AliPay accepted. MUFG banking arm The Bank of Tokyo-Mitsubishi UFJ partnered with Ripple. The next part I stumbled upon is right in front of our eyes. On Ripple’s website you can go to the XRP page, and if you scroll down to the Distributed section it has a map with white dots that are blinking. Notice the countries where these dots are: the US, Brazil, South Africa, the UK, France, Germany, Australia, Papua New Guinea, Vietnam, China, and Japan. And these banks I mentioned above are just some examples of the banks that are in these countries. Let’s look at the number of branches of these banks: Santander: ~650 retail banks Standard Chartered: More than 1,200 branches Reisebank: More than 100 locations in Germany and also partnered with Western Union NAB: 1,590 branches as of 2014 WestPac: 1,429 branches as of 2015 Shanghai Huarui: A couple of locations, but this is big because banks need approval from the China Banking Regulatory Commission before engaging in cross-border business Tokyo-Mitsubishi: 868 branches as of 2009 This is what makes this so massive. Is the map a stretch? Maybe. But maybe not. Would not put it past Ripple to slip something like this in front of us. This is just some preliminary research, but from what I can tell, AliPay is partnered with payment providers all around the world, meaning merchants all around the world can accept AliPay. xRapid fits perfectly for AliPay - XRP is sent to the payout banks all over the world whenever a customer uses AliPay, and the payout banks then send the desired currency to the beneficiaries. AliPay is the largest mobile payment platform in the world with over 520,000,000 users, and they are quickly partnering with every payment provider they can in order for their customers to be able to make payments all over the world. Edit: corrected typos
  11. Here you go...just fit this in somewhere...just kidding please don't
  12. Seeing as MoneyGram is using XRP and works with 400 banks...I think we should just leave this infographic as the last one
  13. Unreal work. I'm digging into a ton of new information, but I think it would be too much to add into an infographic, and I'm not quite sure how the integrations between payment providers work. For instance, in November of 2016 Digital River World Payments partnered with ACI Worlwide and integrated their software. Then in December 2016 Digital River partnered with dLocal and integrated their software, and in 2017 dLocal implemented Ripple. Not a tech guy at all, so would Ripple's software then be used by Digital River and ACI Worldwide since they all integrated software? Digital River got acquired, but ACI has a client list that includes hp, ibm, intuit, oracle, microsoft, amex, mastercard, swift, visa, accela, moneygram, ach payment solutions, at&t, b of a merchant services, first data (work with Alipay in north america), and master pass by master card. Earthport is also very interesting, check this out - https://www.earthport.com/wp-content/uploads/2015/08/EP-July2017-FY17-Year-End.pdf You could also just make a new infographic that just says "China" and have Ripple be connected to it. In the fall of 2017 China's central bank said they would require all third part payment companies to channel payments through a clearing house starting in June of this year. Banks must also connect to the clearing house. Starting in June, payment firms will have to clear their transactions through the clearing house, which in turn will connect to the receiving banks.We know China's central bank has met with Ripple, and the biggest third party payment providers use dLocal.
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