Hodor

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  1. tulo liked a post in a topic by Hodor in Can Ripple be fined?   
    @tulo I respect your bringing this up, and during a temporary market downturn, it's natural for stakeholders like us to reflect on where we're at.  But putting Ripple (the company) under a microscope and evaluating their ethical conduct with regards to announcements and public communications is not the correct approach. 
    I'd really like to see you instead compare Ripple to the other shadowy "foundations" based in countries with much more permissive regulations about trading of securities. 
    Ripple was not afraid to establish offices in major cities within countries with very well-established financial regulation frameworks. 
    Why did they do this?  Especially if their goal was to play fast and loose with marketing of their digital asset?  The answer is simple: That is not their goal. 
    Their goal is to not only cooperate and follow regulations, but to lead efforts at establishing standardization in this space. 
    No other crypto-currency compares with their ethical conduct and ~ 6 year history.   They have been very up-front about how they manage XRP, and communicating their lockup plan was only a factual communication about future events.  Yes, it will lead to a more favorable reception by traders, but I don't see how that in itself is unethical. 
  2. Duke67 liked a post in a topic by Hodor in Chart of the Week   
    http://www.zerohedge.com/news/2017-05-27/visualizing-expanding-universe-cryptocurrencies
    The author impartially stated the main use case of XRP:
    Here's the chart that tells the reason why your investment in XRP is the smart long-term bet:

    I don't like the concept of anybody losing money - I hope those in bitcoin are transferring it as fast as they can to a crypt-currency with a future...
    XRP People!
  3. Duke67 liked a post in a topic by Hodor in Chart of the Week   
    http://www.zerohedge.com/news/2017-05-27/visualizing-expanding-universe-cryptocurrencies
    The author impartially stated the main use case of XRP:
    Here's the chart that tells the reason why your investment in XRP is the smart long-term bet:

    I don't like the concept of anybody losing money - I hope those in bitcoin are transferring it as fast as they can to a crypt-currency with a future...
    XRP People!
  4. Duke67 liked a post in a topic by Hodor in Chart of the Week   
    http://www.zerohedge.com/news/2017-05-27/visualizing-expanding-universe-cryptocurrencies
    The author impartially stated the main use case of XRP:
    Here's the chart that tells the reason why your investment in XRP is the smart long-term bet:

    I don't like the concept of anybody losing money - I hope those in bitcoin are transferring it as fast as they can to a crypt-currency with a future...
    XRP People!
  5. Duke67 liked a post in a topic by Hodor in Chart of the Week   
    http://www.zerohedge.com/news/2017-05-27/visualizing-expanding-universe-cryptocurrencies
    The author impartially stated the main use case of XRP:
    Here's the chart that tells the reason why your investment in XRP is the smart long-term bet:

    I don't like the concept of anybody losing money - I hope those in bitcoin are transferring it as fast as they can to a crypt-currency with a future...
    XRP People!
  6. Hodor liked a post in a topic by UrzasLegacy in What's XRP's ABSOLUTE middle?   
    What's up fellow zerpers? So we've covered what the absolute floor and ceiling of XRP might be, but I'm more interested in the middle bits.
    What's your best guess as to the ABSOLUTE middle value of XRP?
    My crystal ball says "Reply hazy try again."
    Thoughts?
  7. Duke67 liked a post in a topic by Hodor in Chart of the Week   
    http://www.zerohedge.com/news/2017-05-27/visualizing-expanding-universe-cryptocurrencies
    The author impartially stated the main use case of XRP:
    Here's the chart that tells the reason why your investment in XRP is the smart long-term bet:

    I don't like the concept of anybody losing money - I hope those in bitcoin are transferring it as fast as they can to a crypt-currency with a future...
    XRP People!
  8. Hodor liked a post in a topic by kanaas in XRP: Master of THE Use Case   
    Joke aside, this reaction of JK intrigues me somehow. Trying to connect some dots.
     
    Always found it odd that one of the founders of the Ripple technology goes working for third parties. I can understand Ripple sending out some of their best coders or developers to help premium clients with their development on Ripple, but a chief cryptographer, who respires, eat and sleeps with all around his beloved child called Ripple? That's not for just a small fish... This has to go about a top line project or company.... It can of course be for another reason like there are "taking it more easy and having more family time" - Of course NOT... Or wanting to go for a new challenge... I do NOT believe that otherwise he would go 100% for it and not just "part time"... I really do not see another reason than a very important project from a very important client that has NOTHING to see with cross border payments....
    Here's another post of JK where he hardly can suppress his enthousiasme ...
    So he's going to work "part time" on an enterprise grade wallet. Must be for a real big fish, not for Xborder in the first place....
    If I were a journalist, I would know what to do .... "follow the man" and where he's going to hang out that "part time" somewhere in the valley.
    (BTW didn't he mention Apple's cash position?)
     
  9. Hodor liked a post in a topic by kanaas in XRP: Master of THE Use Case   

    @JoelKatz being thrilled.... must be something real big going on behind scenes
  10. Hodor liked a post in a topic by will4star in XRP: Master of THE Use Case   
    I find you very attractive when youbsay things like that...
  11. Hodor liked a post in a topic by lucky in XRP: Master of THE Use Case   
    Cross border payments means Internet payments. That is the mother of all payments, that will power a truly global economy. Don't get fooled by Ripples's modesty, they are aiming for the Big Pie.
    The beauty of it is most of the pie does not yet exist. It will be created when "sending money is as easy as sending email" has become a fact. Trade that currently is not monetizable, like the exchange of information, will become monetizable. Things like you typing about your exprtise in a chat window. Things like me liking your music, article, movie, comment.
    I expect that the size of the economy that will be created will exceed the size of the economy of today. The possible usecases will be far beyond our imagination.
  12. Hodor liked a post in a topic by JoelKatz in XRP: Master of THE Use Case   
    You're welcome. I actually haven't really thought about that. I can't think of any obvious way they directly complement each other. They were aimed at very different use cases. But maybe someone else will think of a way.
  13. midair77 liked a post in a topic by Hodor in Conservative Estimate of Ripple's Future, posted on Steem   
    I had the same reaction.  But in my head, I supplanted The "P2P, P2B, and B2B" statement with what I know is possible from Forex and just a very small sliver of the current SWIFT transaction volume, and then proceeded to read the rest of the article. 
     
    Prior posts have taken a tact of doing estimates of XRP based on usage and network fee structures.  This is the "hard data" approach, which will always fall short of giving any kind of possible future value of XRP.  To go down this path, the analyst must take into account projected future volume multipled by these fees.  This information is located here:
    https://ripple.com/build/transaction-cost/
    https://ripple.com/build/fees-disambiguation/
    But to do the author's sort of speculative analysis based on "representational value of XRP", some assumptions must be made.
    To work on any sort of "ball park" value of the XRP token itself, many different, often intangible factors have to be considered.  The fact that this has to be a factor in any speculative analysis of future value shouldn't bother you - but you are right to ask how he arrived at the result. 
    In this case, to get a conservative estimate, he's basically asking "how much value is represented by XRP if "N" percentage of the GDP is handled by XRP?"  To do that, he is just dividing his number - which he clearly gives as: 1.75 Trillion USD USD -  by the total XRP in existence.  That itself is also conservative, as only a fraction of that number is currently outstanding.  He then gets the number he quotes: $17.52 per XRP. 
    Absolutely.  I think it's based on the use case for XRP - the standard bearer for international transfer of value.  To figure out the potential with this use case, consider this:
    When an outdated system (postal mail) is replaced by an electronic one that takes only seconds (email), the numbers of communications increased exponentially!  (reference: https://ripple.com/files/fsr_gifford_cheng.pdf)
    The Exciting Impact on XRP
    Let's look at the current correspondence banking system:
    SWIFT takes days to transfer any significant sums across borders.  Now we have a new method (RCL, XRP, and ILP) that can do it in seconds.  The implication is that the number of transactions could increase exponentially.  This is big. How Big?
    Current volume with SWIFT: According to this document ( https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf ) from the US Treasury,  SWIFT handles about $5 trillion per day, or given about 250 business days per year, about $1.25 quadrillion dollars a year.
    If the same effect on international transactions happens that happened for mail vs. email, and the volume goes up exponentially, that means... multiple quadrillions of dollars transferred and exchanged!
    XRP in this scenario would be used for account activation, and most likely as a no-counter-party risk bridge currency.  The amounts of XRP utilized for these purposes would be massive
  14. LaBelleSaison liked a post in a topic by Hodor in How does Interledger benefit XRP?   
    Very well said. 
    Awesome way to say it!
    In my humble opinion, Ripple has committed to building the foundation for open sharing of ledger data across all types of currency and financial instruments, publishing their code, and leading the charge for new international standards that developers can depend upon when creating something new. 
    I posted a very similar thread some time back on this as well:  
     
  15. Sharkey liked a post in a topic by Hodor in XRP: Master of THE Use Case   
    Chalk it up to my over-enthusiasm.  
    I'm an adult enough to know when I made a mistake.  In part one of "Master of Use Cases" I think I went in the wrong direction: I covered ALL POSSIBLE use cases for an immutable distributed ledger, which is what the RCL can provide along with XRP.  
    This approach was kind of like saying "what are all the things that money can be used for if it's also a place where you can permanently write information?" And the list that resulted was very long indeed.  
    But then i watched the round table discussion with Miguel Vias from the final day of Consensus 2017, where he was describing the main use case(s) for XRP, and I was struck by his approach.  He boiled it all down to two use cases, one in his introduction of XRP, and broader one in his description of the primary use case.   
    Miguel's Introduction:


    Miguel's Description of XRP's primary use case:
    (Source: *https://www.youtube.com/watch?v=aiNDDWZs0b4* )
    So let's just focus in on one, and see how big "cross-border payments" and "value transfer across borders" is.

    All We Need is ONE Use Case
    How Big is Value Transfer Across Borders?  Let's narrow our focus further to just where the SWIFT organization of banks does the lion's share of value transfer across borders.  SWIFT takes days to transfer any significant sums across borders.  Now we have a new method (RCL, XRP, and ILP) that can do it in seconds.
    Current volume with SWIFT: According to this document (source:  https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf ) from the US Treasury,  SWIFT handles about $5 trillion per day, or given about 250 business days per year, about $1.25 quadrillion dollars a year.
    Investopedia already acknowledges Ripple as an alternative to SWIFT.  (source: http://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp )  XRP in this scenario would be used for account activation, and most likely as a no-counter-party risk bridge currency.  The amounts of XRP utilized for these purposes would be massive.  
    Ripple recently hired two former SWIFT senior leaders, and is obviously targeting this market.  Even if only a small part of the pie goes to Ripple, we're looking at huge usage of XRP and the RCL network.  
    Starting to be convinced that you made the right decision?  You should be... 
  16. LaBelleSaison liked a post in a topic by Hodor in How does Interledger benefit XRP?   
    Very well said. 
    Awesome way to say it!
    In my humble opinion, Ripple has committed to building the foundation for open sharing of ledger data across all types of currency and financial instruments, publishing their code, and leading the charge for new international standards that developers can depend upon when creating something new. 
    I posted a very similar thread some time back on this as well:  
     
  17. midair77 liked a post in a topic by Hodor in Conservative Estimate of Ripple's Future, posted on Steem   
    I had the same reaction.  But in my head, I supplanted The "P2P, P2B, and B2B" statement with what I know is possible from Forex and just a very small sliver of the current SWIFT transaction volume, and then proceeded to read the rest of the article. 
     
    Prior posts have taken a tact of doing estimates of XRP based on usage and network fee structures.  This is the "hard data" approach, which will always fall short of giving any kind of possible future value of XRP.  To go down this path, the analyst must take into account projected future volume multipled by these fees.  This information is located here:
    https://ripple.com/build/transaction-cost/
    https://ripple.com/build/fees-disambiguation/
    But to do the author's sort of speculative analysis based on "representational value of XRP", some assumptions must be made.
    To work on any sort of "ball park" value of the XRP token itself, many different, often intangible factors have to be considered.  The fact that this has to be a factor in any speculative analysis of future value shouldn't bother you - but you are right to ask how he arrived at the result. 
    In this case, to get a conservative estimate, he's basically asking "how much value is represented by XRP if "N" percentage of the GDP is handled by XRP?"  To do that, he is just dividing his number - which he clearly gives as: 1.75 Trillion USD USD -  by the total XRP in existence.  That itself is also conservative, as only a fraction of that number is currently outstanding.  He then gets the number he quotes: $17.52 per XRP. 
    Absolutely.  I think it's based on the use case for XRP - the standard bearer for international transfer of value.  To figure out the potential with this use case, consider this:
    When an outdated system (postal mail) is replaced by an electronic one that takes only seconds (email), the numbers of communications increased exponentially!  (reference: https://ripple.com/files/fsr_gifford_cheng.pdf)
    The Exciting Impact on XRP
    Let's look at the current correspondence banking system:
    SWIFT takes days to transfer any significant sums across borders.  Now we have a new method (RCL, XRP, and ILP) that can do it in seconds.  The implication is that the number of transactions could increase exponentially.  This is big. How Big?
    Current volume with SWIFT: According to this document ( https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf ) from the US Treasury,  SWIFT handles about $5 trillion per day, or given about 250 business days per year, about $1.25 quadrillion dollars a year.
    If the same effect on international transactions happens that happened for mail vs. email, and the volume goes up exponentially, that means... multiple quadrillions of dollars transferred and exchanged!
    XRP in this scenario would be used for account activation, and most likely as a no-counter-party risk bridge currency.  The amounts of XRP utilized for these purposes would be massive
  18. Hodor liked a post in a topic by jamesroguski in What if we are all mesmerized by incomplete information and sub-optimal DATA?   
    @Hodor Thanks for the reply - I am glad to hear that we share the same goal.
    Here is a link to money supply info: http://www.investopedia.com/terms/m/m1.asp  I don't really want to go down that rabbit hole, this forum isn't really the place for monetary policy. The question is really about how much money is moving in and out of cryptocurrencies versus fiat currencies. 
    You wrote... I think what you're asking about specifically is the inflow and outflow, right?  From my understanding, that is much more difficult.  For XRP, you would need to do this analysis only at the points of entry and exit into fiat, which means collecting hard data from the exchanges."
    Exactly. I know that data is not easy to obtain. I was wondering if anyone has knowledge of any such data.
    The chart from the Wall Street Journal today at least addressed the issue (sort of). It seemed to show that A LOT of money was pouring in from Japan, but that money had stopped flowing in from China. However, it just gave percentages, not real, hard numbers.
    I'm not big on trading one cryptocurrency against the other. That's just my personal preference. I am trying to find out if anyone really knows what is REALLY happening within Ripple's sphere of influence.
    Is Ripple corporate giving away money to new exchanges?
    Do exchanges get a pile of free XRP as an incentive to open for business?
    Do exchanges need to provide the cash to purchase XRP like the rest of us prior to their startup?
    Does Ripple provide them with enough XRP to guarantee liquidity?
    Does their entry into the marketplace put pressure on prices (up or down)?
    When will the billion XRP/month releases begin?
     
    The questions for Ripple go on and on.
    Without some fundamental data, all that anyone can do is "speculate." 
    I prefer to invest wisely, from an informed position, thus all the questions.
  19. Sharkey liked a post in a topic by Hodor in XRP: Master of THE Use Case   
    Chalk it up to my over-enthusiasm.  
    I'm an adult enough to know when I made a mistake.  In part one of "Master of Use Cases" I think I went in the wrong direction: I covered ALL POSSIBLE use cases for an immutable distributed ledger, which is what the RCL can provide along with XRP.  
    This approach was kind of like saying "what are all the things that money can be used for if it's also a place where you can permanently write information?" And the list that resulted was very long indeed.  
    But then i watched the round table discussion with Miguel Vias from the final day of Consensus 2017, where he was describing the main use case(s) for XRP, and I was struck by his approach.  He boiled it all down to two use cases, one in his introduction of XRP, and broader one in his description of the primary use case.   
    Miguel's Introduction:


    Miguel's Description of XRP's primary use case:
    (Source: *https://www.youtube.com/watch?v=aiNDDWZs0b4* )
    So let's just focus in on one, and see how big "cross-border payments" and "value transfer across borders" is.

    All We Need is ONE Use Case
    How Big is Value Transfer Across Borders?  Let's narrow our focus further to just where the SWIFT organization of banks does the lion's share of value transfer across borders.  SWIFT takes days to transfer any significant sums across borders.  Now we have a new method (RCL, XRP, and ILP) that can do it in seconds.
    Current volume with SWIFT: According to this document (source:  https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf ) from the US Treasury,  SWIFT handles about $5 trillion per day, or given about 250 business days per year, about $1.25 quadrillion dollars a year.
    Investopedia already acknowledges Ripple as an alternative to SWIFT.  (source: http://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp )  XRP in this scenario would be used for account activation, and most likely as a no-counter-party risk bridge currency.  The amounts of XRP utilized for these purposes would be massive.  
    Ripple recently hired two former SWIFT senior leaders, and is obviously targeting this market.  Even if only a small part of the pie goes to Ripple, we're looking at huge usage of XRP and the RCL network.  
    Starting to be convinced that you made the right decision?  You should be... 
  20. CurrencyGuy liked a post in a topic by Hodor in What if we are all mesmerized by incomplete information and sub-optimal DATA?   
    Hey, that's my goal too! 
    @jamesroguski Thanks for the post; You've shared a lot of questions, and I think this is a very helpful post for other XRP newbies as well.  Every newcomer to XRP is hungry for information, and ends up asking the same questions you have in your post.  As you discover the answers to these, I would LOVE it if we could somehow integrate this into a Q&A document. 
    I looked at the graphic, but I was confused about what is different between "M1" and "M2", so I'm not sure that I'm going to answer this correctly, but coinmarketcap tracks outstanding tokens for all of the major (and a lot of "not-so-major") cryptocurrencies: https://coinmarketcap.com/all/views/all/
    So that will give you some perspective, but I think what you're asking about specifically is the inflow and outflow, right?  From my understanding, that is much more difficult.  For XRP, you would need to do this analysis only at the points of entry and exit into fiat, which means collecting hard data from the exchanges.   
    This is actually the exciting part.  Even with these barriers to entry, look at what's happened to the market value of XRP over the last two months alone.  And now we hear about Ripple being able to roll out integrations with 6 new exchanges in less than two weeks, and the fact that JoelKatz might be working on a new wallet app? We are at the beginning of something VERY exciting.  

  21. Hodor liked a post in a topic by petke in How does Interledger benefit XRP?   
    I just saw this fascinating talk about interledger: https://www.youtube.com/watch?v=izon3JJRs5w
    You might think why is ripple labs developing this coin neutral standard ledger protocol which will be used not only by the ripple ledger but by other competing ledgers aswell like bitcoin?
    The answer is that when the world is connected through the interledger standard, then the playing field is level. The fastest/cheapest coin will automatically be used for as the bridge currency. The payment sender and receiver will not even know if XRP or bitcoin or something else is used in between. Because XRP and the ripple ledger is the fastest and cheapest, then that's going to win (as long as enough liquidity is there). Maybe in the future someone will invent some ledger faster/cheaper than ripple but that's not happened yet.
    In a fair fight the best man wins.
    Cheers
  22. Hodor liked a post in a topic by JoelKatz in How does Interledger benefit XRP?   
    Exactly. How does Twitter benefit from the Internet? If you were trying to build Twitter, and there was no Internet, would you try to build an Internet that was biased towards Twitter? Or would you try to build an Internet that everyone could get behind and that could make all kinds of wonderful things, including Twitter, possible?
    We really, really mean it when we say we're trying to grow the pie, not fight over a larger slice.
  23. LaBelleSaison liked a post in a topic by Hodor in safe haven to park your crypto! when market sell off   
    @kyo Thank you for making this point to forum readers - many of whom are new converts to XRP. 
    XRP is being considered the new "safe bet" in crypto.  The banking coin is the only one that is considered a "sure thing" by most people that know the industry, and that can do mathematics. 
    When I started out, I only really knew one of those two - the mathematics, and point-by-point comparison of all the characteristics of XRP vs. the others.  I had to learn about correspondence banking and ForEx.  Now that I'm an amateur sleuth in those areas, for me, XRP is considered one of my lowest-risk, and high-reward long term investments.  Every available penny I have is going into buying during downturns. 
  24. ripplegigolo liked a post in a topic by Hodor in XRP: The True Intenational Digital Asset   
    A lot of the new ICOs that are happening are being used to debut a coin that has some very specific purposes, and usually there is a necessity for funding the small group of developers that create a new coin.  
    These groups are usually located in one country.  It's tempting as a developer or original entrepreneur to just have one team, locally sourced, that will remain in it's current geographic location.  The result is a coin that targets a market that seems to mirror the coin's creators.  Do they really have a goal of establishing the coin for serving people in all corners of the world, or is really a method of lining their own wallets with easy money?   
    Bitcoin was a novelty item at the beginning of its existence, and because of its mainly academic origins, those were the people that originally owned the coin in its infancy - collegiate academics that experimented with the new digital creation of Satoshi Nakamoto.  It's access quickly expanded to support exchange of *goods* over the dark web in a fashion that originally deterred traditional law enforcement. In theory, it had no borders to its appeal or reach, and its proponents ignored its darker side and focused instead on the potential of blockchain technology to transform the concept of currency without regard to borders or fiat government.  
    Bitcion does indeed have international reach.  Exchanges exist in all corners of the planet to support its immense demand created by popularity in the media.  
    Most of the alt coins sought to emulate Bitcoin by establishing a foundation that would promote the coin and provide an easy-to-use wallet for new users.  Sometimes the foundation would be based in a foreign country with lenient rules regarding financial technology and securities trading.  
    Then XRP Happened 
    The development team decided that they would go in a different direction than the original.  They would eschew the blockchain consensus algorithms for something new, something more efficient and robust, something that didn't depend on mining to provide security to the network.  
    they didn't stop there.  They also went in a different direction for Governance.  Instead of a foundation, they would promote strong governance by forming a company, so that decisions and improvements to the protocol could be made quickly as needed.  We are now at Rippled version 70 compared to Bitcoin version 14. (source: https://xrpcharts.ripple.com/#/topology | https://github.com/ripple/rippled)  
    The original team knew the potential of what they'd created.  To work as they envisioned, it needed to spread to all countries and be available in all worldwide markets.   Each member of the team knew that the road would be paved with difficulties, and nobody would just hand them the keys to transform an industry mired in inertia motivated by greed.  Did they knew then the lengths that SWIFT would go to try to protect the status quo?  It was a system where their member banks could continue to make money while they held onto people's money as it "floated" from bank to bank in a process that still takes days to transfer currency from country to country. It would not be an easy path for the company to navigate, using very limited amounts of initial capital.  
    International Reach
    Ripple went through years of transformation, carefully taking aim at strategic locations throughout the world, locating personnel, offices, and alliances across borders. Chris Larsen was fearless in forging alliances in Asia and Europe almost immediately.  They opened an office in London.  Then Australia.  Now India is in the works.
    In addition to brick-and-mortar offices, Ripple is augmenting their value-pair reach and liquidity by supporting integration with new exchanges.  In less than two weeks, they were able to add six exchanges to their network, adding liquidity to the markets that are being targeted for value-saving Forex settlement.  
     
    Ripple is deliberately and methodically building what will unavoidably be the replacement for antiquated modes of value exchange between currencies.  Six new exchanges worldwide in less than two weeks...
    No other crypto-currency foundation has matched their ability to move at speed to establish a presence worldwide, and they are building a different kind of consensus now, a consensus that they are the inevitable future of international banking.  
    Weather any crypto storm knowing that your money is on the right bet! 
  25. Sharkey liked a post in a topic by Hodor in XRP: Master of THE Use Case   
    Chalk it up to my over-enthusiasm.  
    I'm an adult enough to know when I made a mistake.  In part one of "Master of Use Cases" I think I went in the wrong direction: I covered ALL POSSIBLE use cases for an immutable distributed ledger, which is what the RCL can provide along with XRP.  
    This approach was kind of like saying "what are all the things that money can be used for if it's also a place where you can permanently write information?" And the list that resulted was very long indeed.  
    But then i watched the round table discussion with Miguel Vias from the final day of Consensus 2017, where he was describing the main use case(s) for XRP, and I was struck by his approach.  He boiled it all down to two use cases, one in his introduction of XRP, and broader one in his description of the primary use case.   
    Miguel's Introduction:


    Miguel's Description of XRP's primary use case:
    (Source: *https://www.youtube.com/watch?v=aiNDDWZs0b4* )
    So let's just focus in on one, and see how big "cross-border payments" and "value transfer across borders" is.

    All We Need is ONE Use Case
    How Big is Value Transfer Across Borders?  Let's narrow our focus further to just where the SWIFT organization of banks does the lion's share of value transfer across borders.  SWIFT takes days to transfer any significant sums across borders.  Now we have a new method (RCL, XRP, and ILP) that can do it in seconds.
    Current volume with SWIFT: According to this document (source:  https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf ) from the US Treasury,  SWIFT handles about $5 trillion per day, or given about 250 business days per year, about $1.25 quadrillion dollars a year.
    Investopedia already acknowledges Ripple as an alternative to SWIFT.  (source: http://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp )  XRP in this scenario would be used for account activation, and most likely as a no-counter-party risk bridge currency.  The amounts of XRP utilized for these purposes would be massive.  
    Ripple recently hired two former SWIFT senior leaders, and is obviously targeting this market.  Even if only a small part of the pie goes to Ripple, we're looking at huge usage of XRP and the RCL network.  
    Starting to be convinced that you made the right decision?  You should be...