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GregTK

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  1. Hi TinyAccount, Just a quick question since you seem to know your way around XRP :-) Has anyone ever produced a infograph or overview of where XRP is used in Ripple's solutions and in which guess-timated quantities? WIth it being a "utility token" it would be nice to see its utility mapped out really... There is sooo much to buy and hold though... too many coins, too little fiat ;-)
  2. Thank you Tinyaccount :-) This morning I had actually sold 50% of my XRP (was freaking out) but then after reading Hodor's article (especially the part about xRapid) I bought most back... and happy I did, or I would have lost out on even more.
  3. I couldn't find any link between the quantitative use of XRP and Ripple's own corporate solutions... so I jumped to conclusions - seemingly - as to what it would effectively be used for. Thank you again for taking the time to reply to my newbie questions :-)
  4. Oh wow... that Hodor blog looks like what I was after. Thanks for sharing :-) I honestly couldn't find what I was after on the Ripple website itself. Looks like I have some reading to do... well quite a bit of reading ;-)
  5. Hi Tinyaccount, I am not in the game of FUD... even though I find myself Freaking out rather often ;-) (I have been holding XRP since May, by the way) My quick calculation below (I would rather get proven wrong than right): On Ripple's website I read that the annual cost for cross-border payments is about $1.6 trillion (which seems to come from about $155 trillion worth of global transactions, another figure found on the same website). I actually don't know how many transactions we are talking about so I had to make a wild guess... since the global cost of the transactions seems to be about 1% of the global value, I just took 1.6 trillion transactions as a guideline figure (bringing the average transaction value to about $100). I honestly have no clue how far off I am but had to use some type of ballpark figure. Now, the average network fees for an XRP transaction are $0.0004 How much XRP network fees would be needed to pay for these global 1.6 trillion transactions? > $640,000,000 which is only about 0.7% of the Circulating Supply of XRP (based on yesterday's value / market cap) I might be off by many x10 factors here but the above calculation is based on ALL financial cross-border transactions being executed using XRP... which is an assumption that is also seriously flawed but in the other 'direction'. I am honestly trying to get my head around the figures while also realising I don't have all the data, hence the reason i was trying to find more quantitative data in order to make a proper estimate of where XRP can be heading towards.
  6. Hi Live4xrp, Thank you for your feedback... can you please have a look at the info below and see if that could make sense? A quick 'back of the napkin' calculation leads me to the following > You would currently need less than 1% of all Circulating Ripple supplies to pay for ALL of the global cross-border transactions when using XRP, from my understanding. That would be if all the banks would be using XRP to fuel cross-border transactions... and if they would be buying their XRP directly from the Circulating Supplies, which are less than 40% of Total Supplies. I don't get it!!! I must be missing something?
  7. Hi all, I am new around here, even though I have had XRP for quite a while... but I am really struggling to get my head around the value of XRP. I understand how it's used but can't seem to find a logical explanation as to market cap nor current value... A quick 'back of the napkin' calculation leads me to the following > You would currently need less than 1% of all Circulating Ripple supplies to pay for ALL of the global cross-border transactions when using XRP, from my understanding. That would be if all the banks would be using XRP to fuel cross-border transactions... and if they would be buying their XRP directly from the Circulating Supplies, which are less than 40% of Total Supplies. I don't get it!!! I must be missing something?
  8. Hi Turbo, I am also struggling to get my head around the value of XRP. I understand how it's used but can't seem to find a logical explanation as to market cap nor current value... I have been holding XRP for quite a while so this question genuinely comes from trying to figure out the numbers. You would currently need less than 1% of all Circulating Ripple supplies to pay for ALL of the global cross-border transactions when using XRP from my understanding. That would be if all the banks would be using XRP to fuel cross-border transactions... and if they would be buying their XRP directly from the Circulating Supplies, which are less than 40% of Total Supplies. I don't get it!!! I must be missing something?
  9. Hi LordVetinari, I actually did... I downloaded all the resources I could but still none the wiser I'm afraid.
  10. Hi all, I am trying to get my head around how XRP is used in Ripple's corporate solutions, both from a qualitative and quantitative perspective. My intention is to do some maths in order to get a feel for the current market cap based on Ripple itself and the financial market (not looking at Bitcoin or ALTs) but I can't seem to find any quantifiable data? Can someone please help since I can't get my head around the current value of XRP. Please don't think this is a lousy attempt at FUD since I have had XRP myself for quite a while... this is genuinely because I am trying to understand the numbers. many thanks in advance
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