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zerpian

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Everything posted by zerpian

  1. Hello Bob, I don't contribute much in general. However, I'm trying to stay updated and in that sense I'm very pleased to have met you for your honesty and your brilliant insights. I feel like crypto changed your views on the fact that something that is valuable should also be liquid. I think it has changed a lot of people's view (positively) on life, money, etc. in one way or other. Like in fact borders are imaginery lines, I've come recently aware one day crypto might blur or even make disappear these lines. You can take all your wealth with you on a stick or with an implanted chip: property deeds, money, ID, etc...really exciting times ahead! I won't buy a yacht but you'll always be welcome to any party as a VIP guest
  2. zerpian

    Hi! I'm Bob

    Hi @BobWay, I really enjoy reading your posts. Thanks for spending time enlightinging us, please continue sharing your knowledge/insights/ experience,.. Ben seems to be very good in figuring new names. I somewhere read (cannot find the article) he is also the name giver for cinnamon (cinema + money)... Regarding the inbuilt exchange, Beachhead (a VR game) has committed to use xrpl for exchanging in game tokens and other game tokens Thanks again!
  3. @lucky and yet Ripple has been struggling with this problem since the beginning trying to find the right mixture for a healthy and durable distribution. A strategy is missing, except the one that incentives market makers. I wonder how much of the half billion from the sales went back to these market makers.
  4. XRP the most held crypto by Japanese: https://coinpost.jp/amp/?p=70229&p=70229&__twitter_impression=true
  5. @Hodor You're not saying otherwise but let me underline that I do have confidence in Ripple more than any other company or any stakeholder (in case of BTC) in this market. Having said that, it feels like there is a lack of strategy regarding the distribution. The only thing we know is the graph but the curve doesn't predict anything. Even if one makes assumptions, it should be somewhat realistic. Missing the curve with billions is not realistic at all. The distribution should be accelerated by engaging with the community. That's actually my main point I'm trying to make. While writing the last paragraph, I had to think about dogecoin. Can someone explain me very simply why this coin is still in top 100?
  6. @Hodor I'm glad to see we're on the same page. Your ideas are excellent! Some time ago, I also proposed a variant of staking but honestly I don't care much how the distribution is done as long as it gets distributed. There are a few reasons I'm eager to see xrp distributed as quickly as possible: -the escrow is missing its purpose: there is already 6B undistributed xrp + around 700M xrp returning back into escrow every month. If Ripple was to dump, escrow will certainly not prevent them to -Ripple published an xrp distribution graph. Although we had a bull run in 2018 - consequently boosted Q1-Q2 sales, the total xrp distributed amounted for 2B. This means - at this rate - we will never reach the milestones on that graph - speculation is a knife with two edges. For innovative technologies it's needed to attract capital in the beginning but ignorant investors can burn themselves. E.g. wietsewind would not have found about Ripple, when there was no bull run (consequently no media coverage). However regulation is around the corner and hopefully it will put a consumer-protective framework (to a certain extent) in place. -healthier distribution will only be possible at higher prices, preventing people hoarding huge amounts xrp's and also preventing boom-bust cycles. Take for instance the numerous wallets created and the average holding amount in those wallets compared to pre-2017. -'overestimating the short term, underestimating the long term' stems from the inability to value correctly -specially true for crypto- the utility value. On the short term it is made by speculation (hence overestimating) but if you cannot survive this phase there won't be a long term nor an utility value. It's actually based on survival bias. Only focusing on the long term might loosen attention on the short term. -finally I think it needs to be done for the sake of transparency and all that blockchain stands for...
  7. I hope so too, as said in that thread It's a good thing this topic being discussed, it let's the idea mature but we're not there yet. I'd like to see this topic to be discussed more intensively. I believe distribution is the last unsolved hurdle..but this has been the case for Ripple since xrpl's inception. Joelkatz 'once said in the coming weeks (or months?) we're going to distribute billions of XRP. Yet, we have come to a situation in which XRP is only being sold. The brilliant minds must think of a strategy for once and solve this problem for good.
  8. I agree. Anything is possible as long there is a consensus within the community, although the structure with UN is too complicated and not feasible. Also the double purpose would be to find an alternative way for the distribution rather than solely depending on selling..
  9. Curious what those projects are.. I think the community should also get the chance to vote on projects: like a place where Devs can submit their projects, the community votes on the projects paying something symbolic like 1 XRP. The project gets funded by xpring..That might be something for you to lobby for @Hodor
  10. I hope you're right and they distribute some. Sofar they haven't done anything in that regard. It's in that sense also a bit ironic Asheesh talking exactly about distribution.. I have been saying it several times:the distribution should be accelerated and not only be made depending on sales..
  11. I share your thoughts @cmbartley. I'd like to add: - Ripple should accelerate XRP distribution. There is no way to respect the distribution curve (set by themselves) only by selling. In fact, Ripple went from 'we are going to distribute billions of XRP (for free, 2013)' to we only sell XRP. From one extreme to another one; -The distribution should be more transparent, also the allocation of the income generated by XRP sales; -Ripple itself is laying infrastructure for FI's and 'outsourcing' consumer centric apps to third parties. The examples we have are Coil and Omni but I don't believe these will be mass consumer apps. Also politics may have played a role in selecting those companies.. -Ripple sometimes takes an elitist stance and forgets retail in the success story of XRP. -It might not be a bad idea to have an XRP governance body.
  12. Thanks for this numerical summary! Speaking about use cases, here is an interesting one : ilp-enabled surveys. Might be an inspiration for your next post ..
  13. No but you're saying money is objective and fiat subjective. Because it has historically grown - certainly in the case of money. By surviving time and the subjects of those times, it has come to our times. Unless a paradigm shift, no subject can't change this given fact in our times. In that context, mind that money has more extended history than fiat. @opaopa, edited.
  14. I get your point but (again) this has nothing to do with subjectivity rather with categorization. You start with money, a broad term. There is a reason why at the top level, at the all encompassing level, the definition has not been narrowed, because otherwise you can't create subcategories. The narrowing of the definition starts with the subcategories,... If money (category label) were to mean fiat (subcategory label), then where shall we place (private) digital tokens, cash, bank deposits,...
  15. I don't think money has anything to do with objectivity nor subjectivity. Fiat is a term used to differentiate government backed money from other forms. Attached is 'the money flower' of BIS. Indeed BTC is money. I mentioned in another thread that XRP is money too, in contrary to the term digital asset (which is a subform of money). How can we measure whether something is universally accepted, as shown in the flower? It's of course it's liquidity, fueled by demand.
  16. I didn't say it's caused by xRapid, just that I was looking for something relating to xRapid and found that transaction. Nevertheless pretty amazing to see 22M USD exchanged by FI's on the ledger for only 12 drops. If that's what it means of course..
  17. After the exciting news today, I was looking around on the ledger for tx's that might relate to xRapid. I couldn't find anything but have might found something else... According to jbjnr's post r3epSojEkn6pFRwjxkFjwJLPAxC8Hj9ZTK is one of the xrp sales wallets. On 31 Jan 1,2M USD.Bitstamp was sent out to rpQhAu8n7WwwNPFeqXPDVZyNx8ShAQrYZU There are several tx's for that wallet but this is one mentions Travel Rule, containing most probably hashed info about: https://developers.ripple.com/become-an-xrp-ledger-gateway.html#travel-rule
  18. @Wandering_Dog, I have some genuine questions: -don’t you think you are addressing a ‘luxury’ problem? I mean xrp settling trillions USD in value, which I don’t see happening in the near future. I’m sure you read reports on financial stability by CB’s. Crypto is not even considered in the reports, or when mentioned, it’s labelled as too small to cause any harm. -don’t you think you’re too attached to our actual knowledge about our monetary system, the role of the CB,..? What if in the future, whenever I want to settle, I get several options through ILP recommending me the path of the least resistance. Exactly, the same way today, as I want to send e.g. a pic I get several options. An hybrid system may very well be possible. -don’t you think you’re pulling ‘xrpthebase’ out of its context and using it in your argumentation to prove your point. This is only used now and in regards to the few exchanges..
  19. that was the first thing I said: it's controversial but you insisted...
  20. @Ripple-Stiltskin, The group of middle class is increasing because of countries like China; fast developing countries and huge population. However, one is categorized in the low middle class, in China, when (s)he has an income of 2-10 USD/day. This group represents 59% of the population. This group is still vulnerable because in an economic recession, they can e.g. lose their job and fall into the category poor. Let’s not forget that enormous amount of money has been poured into the economy in the last decade or so. Sure their income increased but not enough relative to the wealth created, hence the increase in wealth discrepancy at the same time. Should the wealth be more evenly distributed, the chances would be higher to survive the next recession. Yes I added the question by editing (it was an economic one), Thanks for your answer!
  21. @Ripple-Stiltskin, you can find a lot of articles by just googling. Here's for example one link: http://www.oecd.org/social/oecd-conference-on-wealth-inequalities-measurement-and-policies-april-2018.htm I'm curious to know your opinion whether xrp distribution should be accelerated (it's not the appropriate place to ask but a simple yes/no won't harm the thread, I guess).
  22. @Ripple-Stiltskin, that's controversial. At the same time there are numerous articles mentioning wealth disparities. Your income graph mentions nominal figures, which is -to me at least- irrelevant.
  23. You’re right. It didn’t arise overnight but after the crisis, all factors came together. The technology was there, the environment was mature and most importantly there was a group willing to contribute because they disagreed on the monetary system.
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