Jump to content

zerpian

Member
  • Content Count

    179
  • Joined

  • Last visited


Reputation Activity

  1. Like
    zerpian got a reaction from jorgerios in Interview with President Kitao of SBI Holdings "Future of cryptocurrency (Bitcoin) market and prospect of Ripple"(Japanese)   
    XRP the most held crypto by Japanese:
    https://coinpost.jp/amp/?p=70229&p=70229&__twitter_impression=true
  2. Like
    zerpian got a reaction from VanGogh in Interview with President Kitao of SBI Holdings "Future of cryptocurrency (Bitcoin) market and prospect of Ripple"(Japanese)   
    XRP the most held crypto by Japanese:
    https://coinpost.jp/amp/?p=70229&p=70229&__twitter_impression=true
  3. Like
    zerpian got a reaction from Esprxp in Interview with President Kitao of SBI Holdings "Future of cryptocurrency (Bitcoin) market and prospect of Ripple"(Japanese)   
    XRP the most held crypto by Japanese:
    https://coinpost.jp/amp/?p=70229&p=70229&__twitter_impression=true
  4. Like
    zerpian got a reaction from hamasugu in Interview with President Kitao of SBI Holdings "Future of cryptocurrency (Bitcoin) market and prospect of Ripple"(Japanese)   
    XRP the most held crypto by Japanese:
    https://coinpost.jp/amp/?p=70229&p=70229&__twitter_impression=true
  5. Like
    zerpian got a reaction from Hodor in Welcome To XRPL Labs   
    @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. Like
    zerpian reacted to Hodor in Welcome To XRPL Labs   
    The overall point you're making here is that "they could dump right now and affect the market."  And that's an accurate statement on its face; however, even without the escrow, we (and they) know that an action like that would be highly detrimental to the market for XRP.  We track them close by watching and verifying wallet movements, and they are transparent by publishing their amounts in the markets report. 
    But your point stands as accurate. 
    Well, there are two ways to look at it. 
    The graph assumes that "50% is used per month."  And with Ripple keeping 60% of the most recent quarter's escrow release (I covered that here), the graph could actually be accelerated.  But that assumes that they are actually selling or distributing that 60% that they retained. 
    This is where the transparency ends, because we don't really have detailed insight into how they manage the custody of XRP awarded to specific charities, projects, or Xpring investments.  It's all NDA type of stuff. 
    So I'm not sure I can agree - or disagree with your statement here. 
    Ripple has been more transparent than a lot of other crypto championing organizations, but I think that your overall point is about the 'meaning of crypto', which is, essentially, decentralization, and the elimination of reliance on centralized trust and risk. 
    And centralized token ownership is definitely part of the equation.  Bitcoin has its massive "Satoshi" wallets, Mt Gox Trustee wallets, and early owner wallets.  The Ethereum Foundation has $75 million in Eth.  And while Ripple has placed the majority of XRP in escrow, I agree that it's not an ideal solution to the problem; it basically mimics the release speed of mining in POW. 

    However, there needs to be a way of getting XRP into the hands of free-market participants that will use it for its intended purpose.  And that's a trick that Ripple has to solve at some point. 
  7. Like
    zerpian got a reaction from Hodor in Welcome To XRPL Labs   
    @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... 
     
     
  8. Thanks
    zerpian reacted to automatic in Why is JPM Coin not a threat to XRP ?   
    Sigh...  so much FUDness these days.  Here, let me see if I can clear it up once and for all.
    There are currently three primary ways to send money internationally:
    By leveraging bank-sourced liquidity provided by the correspondent bank network and accessed via Swift (or xCurrent). By using proprietary pools of liquidity and access mechanisms provided by money transfer companies.  These only exist because such businesses spotted the opportunity created by the gaping hole in #1, and quickly moved to fill and monetize the gap. By using crowdfunded liquidity (xRapid exchanges) accessed via peer-to-peer network (xRapid).  In case you don't like the term "crowdfunding", then another way to look at it as "by using money transfer matchmaking service whereby requests to send money from one country are matched with requests to receive money in another country, and fulfillment accomplished via an intermediary money transfer instrument (xrp) bought and sold in individual countries' open markets (xRapid exchanges)" Banks are for-profit businesses whose primary business model is to generate revenue by providing services centered on "money".  Any "money" that banks holds will be expected to generate revenue, and anything that bank touches will likewise do the same.  "Bank sourced liquidity (aka bank-supplied pool of money)" will thus come with inherent cost.  "Correspondent bank network" will also come with inherent cost, similar to how a supply and distribution chain of multiple middle-men comes with inherent cost.
    xRapid cuts out both.  Rather than relying on a pool of money in source and target geographies to execute a transfer, it relies on xrp trade inflows and outflows in respective geographies in order to source volume necessary to execute a transfer.  Transfer liquidity is thus acquired dynamically, rather than pulled from a costly static (aka "backed with actual money") pool.  This - in conjunction with elimination of high touch/high cost traffic through the correspondent middle man network - is what drives the cost down.
    Now, onto JPM Coin -
    JPM coin is backed.  Backed means that for each token there is one dollar sitting somewhere representing that token.  If there is one dollar sitting somewhere, that means there is static bank sourced liquidity sitting somewhere.  If there is static bank sourced liquidity sitting somewhere, then nothing has really changed.
    Does that clear it up?
    Since I'm on a rant here, I might as well continue -
    Looking at the model described above, it should be immediately apparent that the model effectiveness is directly proportional to xrp exchange liquidity.  Low liquidity equals lower cap on transfers that can be performed in this fashion.  Lower cap means that the network in its present state cannot be used by major players as the liquidity needed to handle their volume is not there.  HOWEVER - with each xRapid partner and client coming online, the pool of liquidity will become deeper.  As the pool becomes deeper, this will likewise make it possible for the solution to move up market.
    The disruption in this case will not come from within the same level at which major banks operate today;  instead the disruption will come from BELOW.  It will come from smaller banks and smaller players taking the risk on xRapid as they are getting shafted by the current system and falling victim to the high base rates in their geographies or being too small to establish proper connections or negotiate discounts that would be necessary for them to not get shafted.  Euro Exim Bank.  Banks in SE Asia.  No-name players used as ridicule fodder by certain Forbes authors.  What all of these "experts" fail to realize in all of their glorious nearsightedness is that small players taking a risk on xRapid is a clear indication of a crack in the system - a crack caused by the inability of the current system to provide the level of service (and the cost) needed for the smaller players to remain competitive.  As these small players take the risk of finding the service they need at prices they desire, their doing so will increase the pool of exchange liquidity and allow others to do the same, and pretty soon what is now merely a crack will become a full blown avalanche that is going to bury all these experts and incumbents under so much crap that not even their avalanche beacon signal will be getting through. 
    So let them laugh now from their posh ski lodge at the bottom of the hill.  If this plays out the way I think that it will, soon we will be skiing over 50ft base of the finest powder located where their ski lodge once used to be.
  9. Like
    zerpian got a reaction from Hodor in Welcome To XRPL Labs   
    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.
     
     
     
  10. Like
    zerpian got a reaction from GiddyUp in Welcome To XRPL Labs   
    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.
     
     
     
  11. Like
    zerpian got a reaction from Julian_Williams in Welcome To XRPL Labs   
    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.
     
     
     
  12. Like
    zerpian got a reaction from Julian_Williams in Welcome To XRPL Labs   
    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..
  13. Like
    zerpian got a reaction from Hodor in Welcome To XRPL Labs   
    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..
  14. Like
    zerpian got a reaction from Hodor in Welcome To XRPL Labs   
    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
  15. Like
    zerpian got a reaction from gamblin310 in Welcome To XRPL Labs   
    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
  16. Thanks
    zerpian reacted to Hodor in Welcome To XRPL Labs   
    Blog URL:  https://xrpcommunity.blog/xrpl-labs/
    XRPL Labs is awarded Ripple's Xpring funding! Learn more - with exclusive information from the team - in my latest blog:
    I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! 
    My blog announcement links on other platforms:
    Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  17. Like
    zerpian got a reaction from GiddyUp in XRP: By the Numbers   
    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 ..
  18. Like
    zerpian reacted to Hodor in XRP: By the Numbers   
    I would definitely take a survey if involved earning a half-zerp or so! 
  19. Like
    zerpian got a reaction from Hodor in XRP: By the Numbers   
    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. Thanks
    zerpian reacted to DGrant in Risk Analysis of XRP: The Four Horsemen   
    This analysis examines four of the major criticisms of XRP: 
    1) US government regulatory threat
    2) Lack of market adoption by financial institutions for cross-border remittance
    3) Competition from Swift, the incumbent
    4) Technological risk associated with the Ripple Protocol Consensus Algorithm (RPCA)
    Using an empirical approach based on observations of key stakeholders on each issue, this analysis attempts to to qualify the threat of these criticisms to XRP adoption using two matrices. The first will contrast Current Unknowns – how much about this risk is unknown, vs. Threat Development Time – how long market participants will have time to make decisions based on new information. The second matrix explores the Probability that the threat will occur versus the Impact on XRP in terms of the severity if the threat materializes.
    https://coinsavage.com/content/2019/01/risk-analysis-of-xrp-the-four-horsemen/
  21. Thanks
    zerpian reacted to xrp-pat in Euro exim bank   
    Why do we care about the assets a bank has? They send money around the world, they shouldn't be holding it. The assets will likely be furniture and computer stuff, the buildings will likely be leased. If they had millions of assets they'd be running a nostro vostro. I don't see the relevance, what we should be looking for is how much money we they transfer per year.
  22. Like
    zerpian got a reaction from rootvegetable in xRapid execution order confirmed by David Schwarz   
    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,...
  23. Thanks
    zerpian reacted to Stedas in 40+ Companies using, accepting or testing XRP   
    ** 40+ Companies using, accepting or testing XRP (xRapid, Ripple)**
    Great to see XRP ecosystem is evolving 😎
    All confirmed xRapid partnerships in one place:
    www.stedas.hr/infographic-companies-using-ripple-xrp.html

  24. Thanks
    zerpian reacted to hallwaymonitor in SBI makes company with R3. And R3 and Ripple have started cooperation.   
    I think many of us missed the latest XRP statements from Mr. Yoshitaka Kitao, CEO of SBI Holdings:
    - In 2019 worlds 20 TOP global banks will be using XRP
    - MoneyTap, a consumer-focused blockchain money transfer app built by SBI Holdings will utilize XRP
    - The benefits of R3 Corda and their smart contracts and when you combine that with XRP you can go beyond international remittances
    Check out the video from crypto Eri in below. The best part starts at 2:54. Please read the Youtube description and note that these bullish XRP statements has been translated from Japanese. I have no idea how trustworthy the source of this is.
    Yes. I feel you. It sucks that the price of XRP is still so low and who knows how long it will stay low...
  25. Like
    zerpian got a reaction from tar in xRapid execution order confirmed by David Schwarz   
    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. 

×
×
  • Create New...