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MoonLambo

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    Missouri
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    Small business owner
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  1. @Annern I just posted a topic on this not realizing you posted this today and the question I pose is essentailly the same as yours. You're on the right track with your thought process. I was trying to get a discussion going on Twitter on this topic earlier today (which I pasted in my topic on XRP Chat) and here is a text copy of my 11 tweets on the matter: 1/11 xRapid sources XRP liquidity via exchanges. Increased XRP transactions means more buy/sell orders on exchanges which Ripple’s software automates. Ripple’s pathfinding algorithm finds the fastest and cheapest path between 2 currencies. 2/11 Given that exchange rates will vary from one exchange to another, to a degree xRapid will result at times in what is equivalent to automated arbitrage, though sometimes there could be instances where the exchange rate could result in a loss for market makers. 3/11 The xRapid software, which again is automated, will not buy/sell the same way humans do. xRapid does not exist to speculate about price, it’s just looking for efficient and cheap paths. 4/11 Even if there is a 500 times increase in volume of buy/sell orders for XRP on exchanges due to xRapid going live, understand that these buy/sell orders will be uniquely different from humans who are choosing to buy/sell XRP on exchanges. 5/11 Humans largely buy on emotion which is why any market is capable of fluctuating in value wildly; this is the opposite of how buy/sell decisions are made by xRapid which relies on an algorithm. That being said, it is not my position that xRapid will have no impact on price. 6/11 Rather, my nuanced analysis is that it will have an impact on price, but indirectly. The automated xRapid transactions will prompt humans to place emotion-based buy/sell orders because there will be more activity. 7/11 That can drive the market, yes, but I don’t think most investors have thought it out to this degree based on the tweets and Youtube videos I’m seeing. Most trading in any market is mostly speculative rather than based on fundamentals, and that’s true to an extreme in crypto. 8/11 Still, fundamentals absolutely do play a role (albeit to a small degree), even in this nascent market. As a result, as companies like Ripple develop on the XRP ledger, this instills confidence in market participants which will drive price upward over time. 9/11 So yes, good news like xRapid going live will be important long-term! A bull run could be possible in the short term, but I think wider adoption of crypto is more likely to spur that moment. If there is something in the xRapid pathfinding algorithm that was designed 10/11 with the intent to push the value of XRP price up I want to know what that is and how it’s supposed to work, but as far as I know such a detail either doesn’t exist or at a minimum is not public knowledge. 11/11I’m open to all thoughts/perspectives on this. I haven’t seen a lot of truly fleshed-out thoughts on this topic and would be very curious to learn what someone with a large knowledge base such as @XRPTrump thinks on this topic.
  2. I've thought about this question quite a bit. Many people within our community firmly believe that increased volume of XRP on exchanges thanks to xRapid will dramatically increase the value of XRP. My questions is... why? I mean from a literal perspective, what will change that will cause that to occur? I've been asking this on Twitter for a couple days and not gotten much thoughtful feedback so I'm bringing the conversation here. To be clear, I DO believe that xRapid going into production is very important for the XRP ecosystem. It just bothers me that, seemingly, some people haven't considered the mechanics behind their opinions. Here is a link to a series of tweets I posted this morning, and I'll also copy and paste them here in text format for your convenience. What are your thoughts on this? 1/11 xRapid sources XRP liquidity via exchanges. Increased XRP transactions means more buy/sell orders on exchanges which Ripple’s software automates. Ripple’s pathfinding algorithm finds the fastest and cheapest path between 2 currencies. 2/11 Given that exchange rates will vary from one exchange to another, to a degree xRapid will result at times in what is equivalent to automated arbitrage, though sometimes there could be instances where the exchange rate could result in a loss for market makers. 3/11 The xRapid software, which again is automated, will not buy/sell the same way humans do. xRapid does not exist to speculate about price, it’s just looking for efficient and cheap paths. 4/11 Even if there is a 500 times increase in volume of buy/sell orders for XRP on exchanges due to xRapid going live, understand that these buy/sell orders will be uniquely different from humans who are choosing to buy/sell XRP on exchanges. 5/11 Humans largely buy on emotion which is why any market is capable of fluctuating in value wildly; this is the opposite of how buy/sell decisions are made by xRapid which relies on an algorithm. That being said, it is not my position that xRapid will have no impact on price. 6/11 Rather, my nuanced analysis is that it will have an impact on price, but indirectly. The automated xRapid transactions will prompt humans to place emotion-based buy/sell orders because there will be more activity. 7/11 That can drive the market, yes, but I don’t think most investors have thought it out to this degree based on the tweets and Youtube videos I’m seeing. Most trading in any market is mostly speculative rather than based on fundamentals, and that’s true to an extreme in crypto. 8/11 Still, fundamentals absolutely do play a role (albeit to a small degree), even in this nascent market. As a result, as companies like Ripple develop on the XRP ledger, this instills confidence in market participants which will drive price upward over time. 9/11 So yes, good news like xRapid going live will be important long-term! A bull run could be possible in the short term, but I think wider adoption of crypto is more likely to spur that moment. If there is something in the xRapid pathfinding algorithm that was designed 10/11 with the intent to push the value of XRP price up I want to know what that is and how it’s supposed to work, but as far as I know such a detail either doesn’t exist or at a minimum is not public knowledge. 11/11I’m open to all thoughts/perspectives on this. I haven’t seen a lot of truly fleshed-out thoughts on this topic and would be very curious to learn what someone with a large knowledge base such as @XRPTrump thinks on this topic.
  3. I know that’s what you’re saying, and that’s the part I’m saying is incorrect. for example... without xRapid, if the competitive market allows for a20% margin, then after xRapid, in a competitive market, there would of still be the same 20% margin. There is a floor to what things can cost. If you think the percent margin of profitability for the industry would of change either way I’ll be interested to hear your argument on the topic, but I see no reason that would occur.
  4. Perhaps way down the road this could be the case, but we’re nowhere near that being the case. There is no front facing application for retail users that would make WU and competitors obsolete. The whole value of xRapid is in acknowledging that using crypto in the background, sight unseen, makes sense, but people don’t want to do it themselves yet.
  5. Let me explain just a little further... Although xRapid can reduce cross border payment transfer costs, it does not eliminate all overhead expenses. WU and all competitors still face the same burden of overhead expenses if they’re all using xRapid. Whoever adopts xRapid first will have an advantage briefly over competitors thanks to those reduced costs. Using xRapid eliminates the need of much of the human management that has been needed for cross border payments. This human labor has been the most expensive part of paying for cross border payments and we’re just talking about eliminating most of that expense. To say that WU having reduced costs is a negative for them shows a great misunderstanding of what xRapid does for customers.
  6. That doesn’t make sense. Something WU can use to reduce their customer expense is bad for them? Quite the opposite! They’ll still have margin. In fact with the cost of cross border payments decreasing that will encourage even more transactions. This technology will literally create new opportunities for WU to make more money.
  7. This is inaccurate. In terms of a messaging system for payments utilizing blockchain technology, only Ripple has production ready software which is xCurrent. This is what Ripple has created to compete with SWIFT "technology" and it's what pretty much all banks today. There are a handful of banks looking into blockchain solutions for payments but they are only trying to create their own small, closed networks. xCurrent is different in that it's designed to be a global solution for messaging. Then there is the settlement side which currently utilizes nostro/vostro accounts through the SWIFT network. Only Ripple is attempting to position a digital asset as a global solution for settlement. Here too, a handful of banks are looking to create their own "coins" to be used within their own small networks for settlement. However, they don't have real value; they are back be multiple fiat currencies which actually makes them liabilities. XRP on the other hand has ACTUAL value as it is traded on tons of exchanges the world over. No one else has created a coin for this purpose, and no other company on the planet has created software to facilitate it's use as a settlement tool (which is via xRapid). Suffice it to say, almost zero percent of banks and remittance companies are competing with Ripple in any way.
  8. No Western Union is not a competitor. They are a customer of Ripple testing XRP. Where are you getting that? I watched the video above but I'm definitely not hearing whatever it is that alarms you.
  9. I found this short video of the IRS, CFTC, and SEC agreeing on what cryptocurrencies are.
  10. Wow, didn't know that! Thanks for sharing. I'm 100% pro XRP but I'm also a realist. People that say XRP is without a doubt not a security, IMHO, should dig a little deeper. I think laws will have to be written and/or modified, and I bet a lot of things in the coming years will be figured out in court. I think more likely than not there will be a positive outcome and laws will ultimately be forced to adjust in recognition of the new reality that blockchain has created. Today, however, there is NOT a clear answer as to whether or not XRP is a security. If there were then we wouldn't be having this discussion. I remember once hearing on a podcast that Skype used to break laws that were on the books prior to mass adoption of the internet. Regulators clearly figured that out, didn't they? They didn't just throw away that incredible innovation because it didn't comply with arcane laws. What history shows is that generally when new and valuable technology comes along, people will adapt legislation rather than discard such human advancements. I'm optimistic, but I appreciate the open exchange of thoughts and ideas. It's a way to progress. If I have to bet (and lets be real, I AM betting in a real way by investing in XRP) everything will turn out fine on the securities front. I just don't know exactly what the path will look like, and I'm honest enough to admit that I don't know that for sure. Thanks to everyone that has been participating in this thread. I learned a number of things today which is what I was hoping for, and I really appreciate the passion and enthusiasm that's on display within XRP community.
  11. Another point I’ve considered but have stated is the fact that Ripple has only sold to institutions and not retail investors which sorta plays into part of what you’re saying, but I’m not sure if it matters, and if so, to what degree.
  12. Thanks you @zerpdigger!!! Your brain is working exactly like mine. This is the same thought process I went through and I agree.
  13. Exactly! I agree, in terms of existing law yes it makes sense for the SEC to claim that (which they may or may not do), but given that it's a decentralized digital asset, it makes zero sense in terms of practicality and reality. When existing law was written there is no way lawmakers could have foreseen something like blockchain technology coming into existence.
  14. Now we're getting to my concern. If the government would scrutinize future businesses that use this "loophole" as I'm calling it, then they would also have to scrutinize against Ripple... because Ripple is transparent about the fact that they are selling their XRP outside of exchanges to institutional buyers. If they were gifting it I agree that would be quite different.
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