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zerpian

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Everything posted by zerpian

  1. @AlejoMoreno I think there will be a twofold impact. One is the adjusted selling according to the 'right' volume, and restriction on OTC sales. However it's a riddle why the price doesn't move to the upside now and why it didn't move all the way to the bottom when XRP was being sold according to the inflated volume.
  2. Here's what I don't understand from the report: Ripple was selling according the volume reported from CC. Now, we all know this volume was inflated. Thus the selling pressure should have crashed the price. A crash occured but that's due to general market sentiment and xrp's price didn't fall under the long term support. Moving to the end of Q2, the selling has been adjusted according to cryptocompare's volume, so the price should increase as the selling pressure decreased and xrapid volume (although most probably minimal) kicked in. Am I missing something?
  3. Finally, I'm glad to see this topic being discussed . A few months ago, I pointed out some issues relating to this topic. There are so many things but here's what comes first: Ripple has a problem to attract developers. For that matter, it started the acceleration program but again it fails to attract developers for the xrpl and therefore changed the focus on broader crypto projects. It should convey a large survey to determine the 'why'. Since the beginning Ripple hasn't had any strategy for XRP. It's something but..what Since XRP is not owned by Ripple but rather they act as a steward for safeguarding the value, the question then arises why a single entity should be in control. Could a XRP governance entity fulfill a better role? What is the purpose of the escrow? Ripple has always been saying we are working closely with regulators and yet when the regulators say something, ripple nor XRP are mentioned but you hear about BTC and eth like e.g. the report Brad was bragging about. A whole paragraph was devoted to eth and between brackets 'XRP has some similar features' And so on..
  4. So according to this logic, XRP not in escrow (6B or 7B) has already been distributed, where as Ripple labels it as undistributed? Or do you mean there is no distribution rate for XRP because everything has already been minted?
  5. Energy bill is actually denominated in kWh, the counter value in fiat depends on where you live.
  6. I see your point of view. It’s a general problem in crypto, there are no standardized names. I mean we still cannot agree what we’ve bought: currency, commodity, asset, tokens,… Anyway, your point of view causes two problems: -what about newly minted coins, not put into circulation/distributed; miners are speculating too. -the main purpose of knowing the distribution/inflation rate (or whatever you’d like to name it), is to have a predictability of the future. If you express this rate in fiat, it becomes a contraindicative metric because of the volatility in crypto, hence worthless. Having said that, Ripple published some time ago a graph, attempting to give some predictability on the distribution. I criticized several times the fact they are nowhere coming close to the figures presented in that graph. This is actually the point to be criticized, IMHO. The sales seem otherwise quite arbitrary. I think the best formula, actually very simple, is: newly minted coins/circulating supply. This way you can compare one coin with another one, regardless the value in fiat. Edit: added following tweet (weird the graph has been removed from the post):
  7. Why do you compare in fiat? Doesn't make sense to me as you don't calculate e.g. USD inflation in EUR..
  8. 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
  9. 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!
  10. @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.
  11. XRP the most held crypto by Japanese: https://coinpost.jp/amp/?p=70229&p=70229&__twitter_impression=true
  12. @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?
  13. @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...
  14. 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.
  15. 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..
  16. 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
  17. 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..
  18. 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.
  19. 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 ..
  20. 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.
  21. 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,...
  22. 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.
  23. 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..
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