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About MaxWeber

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  1. They wouldn't sell off, but it might stagnate or decline in value. The open crypto market is quite weak and sensitive to large swings (as I'm sure we are all well aware of by now). The price of XRP that is relevant to us as holders is not the same as what's relevant to Ripple's actual customers (institutions). Effectively, the aquiring party inherits the same "worthless" XRP that Ripple currently owns. By "worthless" I mean the collective purchasing power of all the exchanges and their members to buy up Ripple's XRP is extremely limited. Theoretically, the price of XRP could drop to $0.00001 in an "all-out sell-off" where Ripple could potentially recover $5-20 million. Even if you spread that selling spree out over the course of 5 years you would see a collapse of the price. Market cap really has no meaning since that 60 billion XRP is really only worth $5-50 million in current market conditions (we're talking about public exchanges). That's why there's so much volatility. Much like the forex market, big banks play by their own set of rules. Sure they would retain their XRP to play in the hodler's sandbox, but the real action is so far beyond our capacity that it's not outside the realm of possibility that they create a new asset (thus, cutting everyone else out of the party they now own).
  2. Xrapid does function better when the value of XRP is higher, but the technology itself doesn't totally depend on XRP. Ripple has technology it sells that doesn't use XRP. Another thing, Ripple sells XRP to banks at below market value. I have no problem with this, since the sale usually has terms attached to it (for example not dumping XRP onto the public exchanges) so even alot of the XRP that makes it out of escrow ends up being even less liquid than before. If we were to project a modest 10% adoption rate of Xrapid on top of the current international banking framework, XRP could easily see prices in the $20-30 range. The problem becomes: our goals as holders of XRP are not aligned with the goals of banks, or even Ripple itself. It's difficult to predict the value of a bridge asset like XRP because at the institutional level, XRP price only matters when it is first acquired. Each unit of XRP is divisible by a million. Theoretically, if I owned a bank that had a monthly international transaction volume of $2 billion, I wouldnt need that much XRP to have the liquidity I needed. Edit: to add to this, XRP has a built-in incentives for banks to be early adopters, as the price for entry into Xrapid becomes more expensive over time. There are limitations to this of course, as the cost of entry is dictated by the price Ripple can sell XRP privately on a given deal. XRP might rise from $3 to $10 on the open market, but the price Ripple sells their XRP to banks might only rise from $1 to $3. The other possibility we have to consider, there's nothing stopping Ripple from being acquired by a group of banks, those banks decide to create a new asset on a new ledger using ripple tech, and the XRP ledger continues on as an unrelated asset. Ripple might own the most XRP, but that doesn't mean they have an interest to preserve it's value. There's no way the market could survive a billion XRP sell off, let alone 60 billion.
  3. You are correct that XRP and Ripple are two separate things with potentially separate futures. XRP could bottom out at a half cent again if Ripple was acquired by another company. Conversely, XRP could gain significant value in such an instance as well. The other thing that needs to be considered: Ripple is a private company, so nobody has detailed knowledge of what is actually happening with the company aside from a handful of people. I personally don't see that fact as a bad thing. Ripple is disrupting the largest and most powerful industry in the world. It's safe to say there are many players that would like to keep things status quo.
  4. No worries, I don't know much about international banking at the enterprise level nor do I even fully understand the ripple protocol!
  5. Come to think of it, I think this is precisely what the escrow feature is capable of. https://ripple.com/dev-blog/explanation-ripples-xrp-escrow/ Banks would just need to incorporate it into their practices and it would have the desired effect. Without getting into a philosophical debate, I can clearly see why this is a needed feature even beyond error reversals.
  6. I think this is certainly something that should be considered. At the very least, have something similar the the escrow function that is already built in to the protocol. For example, an artificial delay where a transaction can be cancelled in a certain window of time. This could be 5 minutes or 5 days. Manifest errors are a common problem in finance (hot dog fingers causing typos) so I think this is a feature that would be welcomed as long as it can't be used to trick a recipient into thinking the payment settled (it would need a pending status with countdown)
  7. I probably won't buy more because I'm into Ripple with the maximum amount I'm willing to have into it. I have a business that I need to invest more into (cnc machine, cnc lathe, etc)
  8. Here's another article http://www.gmanetwork.com/news/money/companies/640537/unionbank-visa-inc-to-fast-track-sme-cross-border-transactions/story/
  9. I can definitely see a $15 spike, which would be on the low end of my prediction. That doesn't necessarily mean it will be the next event though. We will probably see it break $5 and correct, then maybe later in the year or next year hit $15. The thing is, nothing can be predicted! I'm talking out my arse lol
  10. The wheels of justice turn slowly, but I would not be surprised in the least if the hammer drops hard on this.
  11. With the volatility causing big price spikes, I think its realistic to see another %1000-5000 spike before profits are taken and a correction. Most of the price movement is cause by short term investors/speculator whales. That will start to go away once more exchanges come online and bigger players come in the game (the real whales that turn the current whales into minnows)
  12. I invented a mechanical device in 2016 for which I was awarded a utility patent in October. I thought that venture would lead me to the promised land (although its working out fine so far) but ironically Zerping is outperforming and took much less time/work/risk/brainpower.
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