Lamberth

You are not suggesting that the MCap of ETH alone will exceed 1 trillion and surpass BTC, are you, @Eric123?

There is nothing negative either, MGI just re-stated the obvious.

@King34Maine is correct. And I must add that it is a well-written statement. First they say that “MoneyGram has continued to utilize its other traditional FX trading counterparties throughout the term of the agreement with Ripple”. Adding that ODL is not used “for direct transfers of consumer funds”. Those are independent statements, one can read from it that ODL is used in parallel with other traditional FX counterparts for Treasury operations (which had been communicated previously).

https://ir.moneygram.com/news-releases/news-release-details/moneygram-statement-sec-action-against-ripple “MoneyGram has had a commercial agreement with Ripple since June 2019; this agreement represents the use of Ripple's foreign exchange (FX) blockchain trading platform (ODL) for the purchase or sale of four currencies. MoneyGram has continued to utilize its other traditional FX trading counterparties throughout the term of the agreement with Ripple, and is not dependent on the Ripple platform to accomplish its FX trading needs.”

In the meantime MGI finally had a profitable quarter: “Net Income was $10.9 million for the quarter representing a return to positive net income for the Company and an increase of $18.6 million”. It starts slowly at first.

Good joke

Smart contracts with APIs on Openshift. Right.

I have always got paid on Fridays. I now have some questions to my employers what happens between Wednesday and Friday.

1. I never compared XRP and Amazon, they are different animals. My point was purely whether one can hold through uncertain times or not, especially if they expected fast gains. I did hold Amazon in 200x even though many told me the company was over-valuated. It’s easy to talk about how brilliant Amazon is in 2020 but I wonder what your opinion would be in 2008 after holding since early 2004 (I am just using your graph as a reference here, it starts from 2004). This is a link to the historical prices for that period just for laughs - https://finance.yahoo.com/quote/AMZN/history?period1=10754208

And on a serious note. I wrote a post about this 2 years ago and nothing has changed since then - “Think about your time horizon. Do you need the money next year? In few years? Can you keep the money in the investment for 10 years if something does not go according to the plan, e.g. the fundamentals are still strong but it simply takes more time than you initially thought (think Amazon in 200x)? If you can’t sit on your investment long enough due to the time constraint - you are about to invest too much.”

Pornhub accepts Verge and Tether. Just saying

Best solution for a good guy from Ripple would be not to waste their time reading this thread (as I just did) and to focus on something positive/meaningful instead.

I get why people buy bitcoin, there is choir of crypto experts who predict crazy valuations like 50k, 200k and 1m. Decentralized casino is in play. What I don’t get is how would anybody take a leverage in a manipulated market like this?

No surprise given the price action in May. Somebody was agressively buying MGI, the volume was through the roof. It’ll be interesting to see the price though.

Depending on a jurisdiction and a use case it could be described either as a barter agreement or a delivery forward. Both a courier who gets a portion of the deliveried goods and a lender who gets a discount for goods in future could be defined via IOUs on a ledger. Additionally, there are some interesting cases of tax benefits which could be collaterized and used via IOUs as well (e.g. in a number of European countries you could deduct a portion of your income before tax to allocate to your future company but it can’t be used until your company is operational).