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Tyrell

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  1. Like
    Tyrell reacted to AlejoMoreno in How Far Can Brad Take Ripple without a Big Hitter?   
    I don't get the impression that Ripple is struggling in terms of management and credibility at all.
    You're saying Brad doesn't command attention, but how do you know that he will never command attention?
    If Ripple is successful, even partially at what they plan to do, I guarantee you that people will stop and listen when Brad walks into a room.
    Ripple is a high risk project. Ripple isn't promoting a tried and true technology. It is promoting something that is still mostly theoretical and experimentory. They're the first company in history trying to use digital assets to do this. So you probably won't get someone that already has a gigantic established reputation willing to take on the risk.  
    To dispute your point, this is Brad's chance to become that person that you're saying he needs to be.
     
  2. Like
    Tyrell reacted to Julian_Williams in How Far Can Brad Take Ripple without a Big Hitter?   
    I am not fan of Brad, but he is the right man for the job.
    Yes it is important to get respect when you walk into a room.  Take that point, and yes Brad doesn't stride in and take everyone's attention and I agree his conversation lacks imagination.
    Where Brad scores in team management.  The team he has assembled to work under him is pretty much faultless.  It is broad based, experienced, well connected and capable at its job.  The company has also built up a brand image of being competent, open and partner friendly, strategically focused and sensible about money.  These features are a reflection of Brad's management style. 
    About time. Ripple are extending their lead and are positioned to take centre position in digital cross border payments.  Nothing is within five years of challenging the position Ripple have carved out for XRP.
    Be patient.
  3. Like
    Tyrell reacted to Gorgalosk in How Far Can Brad Take Ripple without a Big Hitter?   
    I try really hard not to be negative towards posters and differing opinions, but this one is really testing me. 
    Ripple has some VERY heavy hitters working for them.  Just because you haven't heard of them doesn't mean they aren't at the top of their field and heavily respected by the people Ripple is working with.  To assume that Brad is out of his depth is a really unfair and unfounded statement.  Ripple isn't trying to build an apartment building.  They're trying to revolutionize GLOBAL FINANCE.  That doesn't just happen.  It's a slow, arduous crawl.  Sorry if that doesn't jive with your timeline, but that's the reality.  The price is low, I get it, we all get it.  It's not fun to wake up and see red.  These things take time and I think Brad and his team have done a fantastic job moving mountains.  We'll see if it pays off.  I'll also paste a post I made about the hiring of Craig Phillips from another thread for you to consider.
     
    I'm not gonna scroll back, but I assume the news about Craig Phillips joining Ripple's board of directors was shared. This is a big deal imo.  Phillips was Former Counselor to the Secretary at the U.S. Treasury Department.  
    If anyone is interested in the effect hiring someone who was this highly placed in the federal government can have on a private company's growth and success, I highly recommend the book "The Profiteers: Bechtel and the Men Who Built the World" by Sally Denton.  
    Bechtel is probably the most successful company in the world that you've never heard of.  They built the Hoover Dam, The Chunnel, San Francisco's BART, numerous nuclear power plants, entire country's infrastructures, entire CITIES, etc.
    Why i'm telling you all this, and why Bechtel has been able to land these massive projects for the last 120 years is because of their hiring practices.  Essentially, Bechtel's executives are a revolving door to the white house and other massively influential government bodies.  A few examples:
    George Shultz - Secretary of State
    Caspar Weinberger - Defense Secretary
    Henry Kissinger -Secretary of State
    John McCone - Director of the CIA
    Donald Rumsfeld  -Secretary of Defense
    Many of the people i've listed above have done absolutely abhorrent things both unrelated and on behalf of Bechtel.  I obviously don't support building infrastructure for people like Saddam, Suharto or Qaddafi and I'm not saying Ripple should.
    What I'm saying is that consciously or not, Ripple seems to have a very similar view on hiring from the public sector in order to serve their goals and entwine themselves with the government.  It's served Bechtel incredibly well for the last 120 years.  Say what want about the HIGHLY questionable ethics of Bechtel, but those people are EXTREMELY rich and EXTREMELY powerful.
    I'm not a conspiracy guy, and I largely ignore rumors, theories, etc.  What i wrote above is none of those.  It's verifiable fact.  Sourced and Cited for anyone to check.  Anyone who's looking for a good book to read should give "The Profiteers" a shot.
  4. Like
    Tyrell got a reaction from LittleLordFauntleroy in The impossibility of equality in an XRP settled world   
    "Contempt of court" sounds sufficient from the judge as well.
  5. Like
    Tyrell reacted to ADingoAteMyXRP in A new Sam I Am video that provides a great history of growth   
    YoYo is the next Ripple Psychic that SamIAm has chosen to believe.
    First it was BearableGuy, then “the BGs” (because all the copycats must be working together), then it was the Ripple Riddler, then “the Riddlers”. Now it’s YoYo. Next it will be “the YoYos.”
    There is no end to it. None of them are real. It’s Q-Anon for crypto Twitter. 
    And yet he also doesn’t “believe in” human contributions to global warming... and is shuffling that propaganda campaign to his audience. It’s a little disgusting.
    That said, he shares interesting news articles sometimes. Thanks for sharing.
  6. Haha
    Tyrell got a reaction from KaaKaRmA in Bearableguy123 Thread   
    Ellen White lives!!!!
  7. Like
    Tyrell reacted to Armanius in Stay strong!   
    Unregulated markets are hard to predict. Nobody can say when is the bottom or when it will reach or break the ATH record.
  8. Haha
    Tyrell reacted to Armanius in Stay strong!   
    This does not look like lambo to me! I want to see the manager, NOW!!
  9. Like
    Tyrell reacted to Blubber in I would have figured that the amount of millionaires...   
    What the world needs like a hole in the head - more moneyed jackasses.  I am very interested about the effects at the bottom.  For those
    unable to participate in the current exclusionary banking system, a chance to really engage and thrive in the world economy,.  That is the great
    promise.
  10. Like
    Tyrell got a reaction from pumpndump in Banks have to use Ripple‘s technology to comply with regulation   
    Yes, for many people it is, particularly if $2500 represents most of their wages for a month.  Some folks are just scraping by, and any system that will reduce their costs and put more money in their pocket will be welcome relief.
    Plus the fact that the fees are potentially higher.
  11. Like
    Tyrell reacted to Kass in Banks have to use Ripple‘s technology to comply with regulation   
    Yes exactly. Just after that statement she says that actually the banks today are raising their fees to have a buffer because with today’s technology the exact fee is not predictable.
  12. Like
    Tyrell got a reaction from Kass in Banks have to use Ripple‘s technology to comply with regulation   
    Isn't that one of the reasons why services like Western Union charge so much?
    xRapid will do this more efficiently and for far less money, but I don't think remittance providers have been in violation of Dodd-Frank all this time.
    I have only sent money using Swift cross border a few times, and the fees seemed to be fixed prior to the transaction.
  13. Like
    Tyrell got a reaction from ClosedMyEyes in Banks have to use Ripple‘s technology to comply with regulation   
    That would imply that an act passed in 2010 provided an impossible situation, a the time, for the banking/remittance industry.
    I guess I could be reading this completely incorrectly, but this looks like it describes a messaging system.  I don't see why xRapid would need to be involved.
  14. Like
    Tyrell got a reaction from ringer2 in Banks have to use Ripple‘s technology to comply with regulation   
    That would imply that an act passed in 2010 provided an impossible situation, a the time, for the banking/remittance industry.
    I guess I could be reading this completely incorrectly, but this looks like it describes a messaging system.  I don't see why xRapid would need to be involved.
  15. Like
    Tyrell got a reaction from Crypto31 in The Real reason CoinBase hasn't listed XRP   
    Um, Yeah, except that Coinbase lists ETH and LTC, both of which can serve as a bridge currency in just the same way.  Granted that Coinbase has BTC set as the first thing you see, that would not change with XRP adoption.  And ETH and LTC are dramatically faster than BTC, which is why anyone with more than a passing interest has already use them instead of BTC to transfer to other exchanges.
    So, as much as I want to agree with you, I don't agree with you.
  16. Like
    Tyrell got a reaction from cryptoxrp in The Real reason CoinBase hasn't listed XRP   
    Um, Yeah, except that Coinbase lists ETH and LTC, both of which can serve as a bridge currency in just the same way.  Granted that Coinbase has BTC set as the first thing you see, that would not change with XRP adoption.  And ETH and LTC are dramatically faster than BTC, which is why anyone with more than a passing interest has already use them instead of BTC to transfer to other exchanges.
    So, as much as I want to agree with you, I don't agree with you.
  17. Like
    Tyrell reacted to Palerider in The Real reason CoinBase hasn't listed XRP   
    Coinbase are idiots. We agree. 
    To be honest it really doesn’t matter why Coinbase is not adding xrp. We all know it’s “self interestest” based. 
  18. Like
    Tyrell got a reaction from 2ndtimearound in The Real reason CoinBase hasn't listed XRP   
    Um, Yeah, except that Coinbase lists ETH and LTC, both of which can serve as a bridge currency in just the same way.  Granted that Coinbase has BTC set as the first thing you see, that would not change with XRP adoption.  And ETH and LTC are dramatically faster than BTC, which is why anyone with more than a passing interest has already use them instead of BTC to transfer to other exchanges.
    So, as much as I want to agree with you, I don't agree with you.
  19. Thanks
    Tyrell got a reaction from Palerider in The Real reason CoinBase hasn't listed XRP   
    Correct, but that was not the context of the argument, which concerned XRP adoption by Coinbase based on its speed and frugality for exchange transfers.  It is undeniable that XRP is one of if not the fastest options and it is pretty clearly the cheapest -- for the banking industry and for moving assets from one exchange to another.
    When it comes to discussing XRP as the global banking choice it simply makes Coinbase look more idiotic.  Unless you meant that Coinbase wants to avoid XRP because they hate banks.  Which also makes them look like idiots as far as I can tell.
  20. Like
    Tyrell reacted to lucky in Hikmet Ersek( ceo Western Union) talk about ripple 07/11/2018   
    WU can provide what XRP can not: input and output of real fiat bills and coins through an immense global network of physical offices.
  21. Like
    Tyrell reacted to lucky in Hikmet Ersek( ceo Western Union) talk about ripple 07/11/2018   
    @WillGetThere  Not only is it hard to accept that the software for which you paid millions years ago, is now only worth a fraction because it is outdated.  As long as you don’t trash that software, it is still listed for it’s full value in your books. This may also play a role here. Once they put their own software overboard and replace with xRapid, the value of their propietary system (goodwill) is removed from their books, making the company less valuable on paper.
    Plus, if they route their private liquidity through the public network, their competitors will be able to take advantage of it. In case of market leader, it may strategically be more wise to not pioneer with DLT, but stall the transformation to this new technology for as long as possible. This will buy them time.
    WU’s business depends on high friction low value payments. That business model is under huge threat, but will take some time still. Meanwhile, the message to shareholders is that they’re still ahead in the game, because they’ve invented cryptocurrency 40 years ago. I don’t believe that is true, but the message is not directed to me but to their shareholders.
  22. Like
    Tyrell reacted to lucky in Hikmet Ersek( ceo Western Union) talk about ripple 07/11/2018   
    No doubt that this system which they designed 40 years ago, when cryptography did not even exist, and in which extenive capital has been invested, “works pretty well”. And no surprise they try to not give away their competitive advantage of having this system in full production today, easily. But the time is coming fast that this competitive advantage is gone, when they have to compete with systems that are designed from the ground up, with new technology, on a platform where multiple participants can draw from a shared pool of liquidity, instead of a private pool.
  23. Like
    Tyrell reacted to slinuxuzer in Swift & Ripple New Angle   
    I’ve been following the “Swipple” discussions and waiting for someone to articulate this theory and haven’t seen it yet, so I’m going to attempt to explain why I believe Swift and Ripple won’t need to form a partnership in order for Swift Payments to be settled over RippleNET/xRapid.
    First to understand the theory it is important to explain the difference between a payment and a settlement, which seems to be widely misunderstood in this space.
    Imagine you are playing black jack at a casino and the waitress comes by and you buy a pack of cigarettes, if you pay with your credit card you’ve made a payment, but not a settlement, there is a transference of obligations, but two settlements are left to be made, one from the credit card company to the casino and one from you to the credit card company. However, if you gave the same waitress casino chips you have settled this all the way through.
    So let me make the point, Swift is not and does not want to be in the business of settlement. One good reason for this is that would be in direct competition with most of their 11,000 customers, who do provide settlement services, and Swift has publicly stated they don’t want to do that. Each Swift Message includes instructions for how to settle a payment, with details such as which bank and account (Nostro/Vostro).
    This begs the question of, why would Ripple even want to partner with Swift? And if they did why would it do anything to drive up XRP price, since XRP is for settlement and Swift clearly is not in the settlement business? Good questions. The answer of course is there is no “partnership”, at least not in the way most people are envisioning, the common fantasy seems to be Swift unilaterally pushing 5 trillion a day in settlements across RippleNET and XRP, but of course Swift doesn’t manage these settlements, see the issue yet?
    Now on to my theory, in the past few months we’ve seen a few diagrams sourced directly from Ripple Partner websites that show payment flows that include both Swift and Ripple in the same flow. This has always had my curiosity up, because I don’t think someone drew these up for fun and posted them on partner websites, if they had come from Twitter or other dubious sources I could write them off as a hoax.
    Swift releases code updates yearly and has gradually been phasing in more support for ISO20022, (Swift being the primary contributor to the standards creation, some 75%) and after reviewing their release notes and other roadmap information it is clear that they have set a date in November where all nodes on the network are required to update their software to come into compliance with 2018’s update.
    This year's update is mainly about adding end-to-end tracking with a UETR tracking field in every transaction that will be mandatory for each hop/processor on the network to maintain as each message flows through said hops in the Swift network, hence the term end-to-end. Once the deadline crosses then payments using the Swift Application Programming Interface (API) will be able to read/use the UETR field. An API is used for program-to-program communication, essentially when disparate programs need to communicate with each other.
    So after the deadline has been crossed and all nodes on the network and the messages that they initiate or route have the UETR field in them end-to-end AND this information can be accessed by programs using the API (Ripple In this case), then that said program can determine the status of a payment, and if the payment has reached its final destination and been confirmed.
    Why is this important? Its important because if you want a third-party program to provide settlement services for your payments, then you must provide a way for that program to determine when it is appropriate to initiate a settlement - meaning you don't settle until after you have paid, for good reason (the API and UETR tracking allow a program to query payment status).
    Payments fail for various reasons, and we can’t be in the business of settling a payment before it is confirmed to be valid and final. Can you imagine the heart ache with trying to roll back a “Settlement” it’s the equivalent of “Hey I put money in your wallet on accident, please send it back”.
    So to summarize, I believe that after the November Swift Update, the front end processors such as Temenous, ACI, SAP Etc that leverage the Swift network, will now be able to leverage the Swift API to provide “settlement” services possibly with a settlement solution like xRapid. I don’t believe there is any partnership required for this to happen, simply Swift must / is in the process of providing the needed “Third-party extensions” to allow this to happen. Thereby bringing more value overall to using the Swift solution without the need for Swift themselves to provide an actual settlement service.
    I will take a moment to address another question that was raised continuously in the previous thread. Yes it is true that Swift customers can perform the code upgrade now, ahead of the deadline, and surely many have already done so. When you roll out an IT project it is rarely a good idea to cut everything over at once and at the last moment. You want early adopters and to phase things in ahead of time, that gives the project time to react if there are unexpected issues of any type. So the question then becomes, why wouldn't a settlement service be launched already? Why is the Novemeber deadline important and potentially a catalyst for price movement? It is important to understand one thing about the "deadline" it is in fact a "deadline" where after this set date and time, only then can you assume that 100% of the nodes on the network are either in compliance with the new standard OR have been dropped from the network.
    IMO, you wouldn't want to launch a new settlement service that relied on the November update until after the deadline, otherwise you'll see many failures in settlements or you'll see many payments you can't provide the new service for, because XYZ bank on the Swift network hasn't yet updated. You as the project team would likely end up in troubleshooting hell chasing down tons of issues only to find out in most cases "Oh this is one more issue we wouldn't even be talking about if we had waited to launch until after the deadline".
    P.s. There is another  Commentator that has been raising this theory, but the thread is full of arguing and people not understanding his theory, I give this guy partial credit for raising the theory, I wrote this mainly to try and help him clarify his points. Keep in mind we are all on the same team and I assume we all want XRP to appreciate.
  24. Like
    Tyrell reacted to ringer2 in 2018 EOY Price Predictions   
    Biff, I’ve been bullish from the get go. 
  25. Like
    Tyrell reacted to ringer2 in 2018 EOY Price Predictions   
    It’s not sarcasm. I’ve been bullish since the beginning and I have said that over and over again. The problem has been that people have thought that someone who thinks a $10 to $ 20price is not bullish because it’s not $500 or more. A $10 price expectation over the next year ought to be viewed as extremely bullish. Now, as 2018 has advanced I think the possibility is good that it will go over $10. I’m just not in the camp that think $100 or $500 is a certainty. That doesn’t make me a bear.
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