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About King34Maine

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  1. According to a recent interview from Yahoo Finance, UK Brad was quoted saying: “We’re in a very strong position, our business is growing strongly, we have a strong balance sheet, and I intend to press our advantage.” That tells me that they are cash-flow positive. Now, of course, we don't know the particulars, but that is a pretty strong statement from the CEO.
  2. Yes, she does have an impressive CV. She did a very good Fireside Chat at Morgan State (UBRI partner) earlier this year.
  3. Thought this was interesting: Ripple’s Kahina Van Dyke Now On Board of Directors at xRapid-enabled MoneyGram
  4. Jed McCaleb said in an interview (02:15 - 02:47) a couple months back that Stellar and IBM were still collaborating on World Wire. Also, according to a Coindesk article back in May Jed McCaleb said that the IBM/Stellar partnership was, "full steam ahead with World Wire." I think it just conjecture unless Tim has some inside information that hasn't been made known yet.
  5. I told myself that I wasn't going to reply to this BS. I made every attempt to overlook and move on, but here goes. First, if you have a concern with how Ripple is selling, distributing, or utilizing their ownership of XRP please, by all means, take it up with them here. Stop inundating others with you misplaced "whoa is me" rant. Second, dude, grow the **** up and accept responsibility for YOUR investment decisions. YOU chose to purchase XRP. No one from Ripple or the general public forced YOU to do so. Like most, I'm going to assume that you performed some level of due-diligence into the business proposition, vision, and plan Ripple had for XRP and the XRP-Ledger. Just because YOUR expected Return-on-Investment (ROI) strategy and timeline didn't pan out the way you wanted it to is not the fault of Ripple. Third, crypto and blockchain is an extremely nascent marketplace and technology that will have many ebbs and flows, ups and downs, growth and stagnation as it matures. Sure, many try to make comparisons to traditional markets (i.e. stocks) but, at the end of the day, there is no playbook to follow to glean any sort of rhyme or reason for how the crypto marketplace behaves. Fourth, let's get to the real problem here. YOU, like so many people, invested more than YOU should have....Period!! YOU failed yourself by betting money you couldn't afford to bet for an extended period of time. I know this to be true for the simple fact that you posted this very response. Anyone who only invested what they could afford to loose wouldn't be giving the recent price downtrend a second thought. That's not to say that they're happy about the recent down turn, after all, they want the price of XRP to appreciate just like you. Even top executives from Ripple know that in order for Ripple's vision to come to fruition the price of XRP needs to appreciate because it helps their overall strategy and plan. Listen, nobody likes to loose money. I know I don't even if it's my play money. However, if you can't afford to loose every dime you put into crypto, then you are way out of your league. Fifth, Ripple doesn't owe YOU jack ****!!! They are not in the business of making you rich. Their loyalty is to their investors, partners, and customers. You know, those private equity holders of the Series A/B stock. While they try to keep the XRP-Community up-to-date with what is going on with the company via the Ripple Insights articles, the Ripple Drop, xPring Medium posts, and community engagement from senior leadership (i.e. Brad, David, Asheesh, Ethan, etc.), they're not obligated. Now, that may sound harsh to you, but that's how the cookie crumbles my friend. Because XRP is an agnostic utility token used as a bridge-asset for cross-border/domestic payments, owning XRP gives you no rights or ownership in the private company Ripple. Yes, you and I may have purchased XRP via exchanges in hopes that the value will appreciate as more and more banks and FIs begin to utilize xRapid for liquidity, however, this is pure speculation and betting on our part as holders of XRP. As XRP holders, we are just along for the ride. Finally, it's time for YOU to put on your big boy pants/big girl skirt and accept responsibility for YOUR decisions. If you can't handle the ebb and flow of the market, and all evidence point to the fact that you can't, then it's time for you to exit quietly.
  6. I guess that could be a possibility. However, they still have about 56-billion or so left in their coffers (Ripple + Escrow). It they were that concern about their holdings, I would've expected to see them do give aways similar to what Stellar has been doing of late. I think this is a power move by Coil reading to truly ramp up their partnerships and go-to-market strategy etc.
  7. Ripple is/has been squarely focused on its "raison d'etre" (i.e. payments/banking/finance) for the past +7 years. They have pioneered the most advanced blockchain/DLT/Crypto technology for the banking/corporate industry more than any other fintech on the planet. Ripple is a household name when it comes to their specific clientele. However, as with any growing company there comes a point in which you have to begin laying the foundation for continued growth and maturation, hence Ripple's xPring initiative. This separate entity was formed to build on XRP-Ledger/XRP ecosystem in other promising, nascent, and potentially high growth areas for blockchain/DLT/Crpto, while Ripple remained focused on its intended purpose of recreating a new and modern global financial infrastructure scheme. Let's not forget that Amazon, when it was launched, started out as an online bookstore, now look at the company today. What if they Bezos never cared or dared to expand and build the Amazon empire to accommodate changes in ebb and flow of economic/business trends? What Brad's Peanut Butter Manifesto alluded to was the uncoordinated utilization and disbursement of resources to random unsubstantiated ventures/acquisitions that ultimately led to the Yahoo's downfall. xPring has been extremely methodical and calculating about not only helping to build a thriving ecosystem around the XRP-Ledger/XRP, but the entire blockchain/crypto ecosystem as a whole. While we have heard many within the XRP community continuous bitching about xPring's investments into platforms that may not directly utilize XRP or the XRP-Ledger, need I remind you that Ripple nor XRP are going to be the only blockchain company/crypto asset within this blockchain revolution taking place. Ripple understands that if this blockchain technology is to go mainstream, in a significant way, it will take a holistic approach from every participant to build the ecosystem as a whole even if that means investing in other platforms that are not directly tied to its respective use case or benefit. Need I remind you that this is the very premise behind the development of the Interledger Protocol (ILP) by Stefan Thomas and Ethan Schwartz. ILP levels the playing field and creates competition among the different blockchain platforms/cryptocurrencies and legacy payment systems so that each will have to stand on their own technology. This altruistic act underscores the principled character of the leadership behind Ripple and their dedication to seeing the growth and evolution of the Internet-of-Value (IoV). They could very well have patented ILP’s technology charging a fee to all other platforms and make a fortune in the process. However, folks at Ripple knew the influence of the Internet came from the fact that it served as a gateway to connect everyone. The Internet accomplished this feat because it is not a single network or system but a network of networks with information being sent across multiple platforms using open-source proprieties. This allows communication across the Internet to be seamless irrespective of what provider people are associated with. Ripple understood the same way the open-source TCP/IP protocol gave rise to the greatest economic stimulus/engine the world has ever known via the Internet, the same principles needed to be applied to ILP in order to see their vision for the IoV to come to fruition.
  8. What are you talking about not paying to see content. You are paying a hell of a lot more than you think you are. You are paying directly via an internet provider (AT&T, Spectrum, etc.) to gain access to the internet, right? You are paying indirectly via the FREE information that Google, Apple, Amazon, Facebook, Twitter, etc., AI algorithms are continuously obtaining from every search, purchase, message, tweet, upload, and download that they then turn around and sell for MILLIONS to companies at your expense. At-any-rate, it about more than just paying to "see content." It's about adequately paying those content creators their fair share for the work they put into a website, online venue, website, etc, so that they don't have to go through traditional means of online monetization methods whereby they are undercut massively.
  9. Have you researched the business proposition behind Coil (i.e. web-monetization)? If not, you should research that to truly understand the scope of what Coil is trying to make a reality. Here are a few articles/blogs to get you started: Coil: Building a New Business Model for the Web The Future Of “Web” Monetization Has Nothing To Do With Page Views And Everything To Do With Authentic Reach Web Monetization Has Begun
  10. Ripple Is Giving Away 1 Billion XRP in Massive Bid to Fund Online Content: "San Francisco-based fintech company Ripple continues to pump XRP into a growing ecosystem of adjacent startups – despite an ongoing legal complaint alleging that XRP is an unregistered security." "Announced Thursday, Ripple’s investment arm, Xpring, participated in the $4 million seed round for the in-browser payment processing startup Coil, spearheaded by former Ripple CTO Stefan Thomas. (Thomas and Ripple were the sole participants in the round.)" Ripple's Xpring Makes 1 Billion XRP Grant to Drive XRP Adoption: "Coil, a platform dedicated to reimagining monetization on the web for creators and their fans, today announced a 1 billion XRP grant from Ripple's Xpring. The money will be deployed towards driving adoption of XRP and the Interledger Protocol (ILP) by growing Coil's monetization platform through mainstream adoption of Web Monetization, an open web standard built on Interledger that enables streaming micropayments in any currency, including XRP."
  11. Meh.......This kind of non-sense comes with the territory. That's why you make sure that you are lawyered-up appropriately: Ripple Labs Brings on Former Top SEC Officials to Help Defend Private Securities Lawsuit Former SEC Chair to Represent Ripple in XRP Lawsuit Ripple Hires General Counsel from Lending Giant CIT Group Ripple Welcomes New Board Member Benjamin Lawsky As I've explained in previous posts, every nation-state is trying their damnedest to become the leader of the blockchain/crypto revolution that is unfolding before our very eyes. The US lopsidedly dominated the ‘Age of Information’ and wants a repeat with crypto/blockchain. It makes no ******* sense for the various powers that be, here in the US (i.e. SEC, CFTC, etc.), to undermine the growth potential of one of the Red, White, & Blue’s prized unicorns (Ripple). XRP being classified as a security is extremely and highly unlikely. Better yet, if there was such a profound issue and or concern about XRP being a security, regulators globally would’ve addressed it already, Period!! However, what has really cemented my theory are the highly orchestrated and subtle subliminal messages being pushed out by representatives from the SEC and other regulating bodies. Earlier this year SEC Commissioner, Hester Peirce, offered the following statement: "Yet many of these projects begin in a centralized manner that looks about the same as any other start-up. A group of people get together to build something, and they need to find investors to fund their efforts, so they sell securities, sometimes called tokens. The SEC applies existing securities laws to these securities offerings, which means that they must be conducted in accordance with the securities laws or under an exemption. When the tokens are not being sold as investment contracts, however, they are not securities at all. Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities." (Paragraph 14) After reading that one paragraph I immediately thought of Ripple/XRP, particularly the last couple of sentences. Ripple’s has never promoted or sold XRP as “investment contracts.” Also, the UK's Financial Conduct Authority (FCA) has recently come out saying that XRP has been deemed to have “non-security attributes:" "Tokens may have mixed features that may overlap with the above categories, or change over time. For example, Ether can be used as a means of ‘payment’ (exchange token) on the Ethereum platform, and can also be used to run applications (utility token). XRP has similar features." (Page 8) A simple definition of a security is any proof of ownership or debt that has been assigned a value and may be sold. For the holder, a security represents an investment as an owner, creditor or rights to ownership on which the person hopes to gain profit. Examples are stocks, bonds and options- as these prove OWNERSHIP in such-said company/entity. Because XRP is an agnostic utility token used as a bridge-asset for cross-border/domestic payments, owning XRP gives you no rights or ownership in the private company Ripple. Yes, you and I may have purchased XRP via exchanges in hopes that the value will appreciate as more and more banks and FIs begin to utilize xRapid for liquidity, however, this is pure speculation and betting on our part as holders of XRP.
  12. Yeah, never knew that was a thing. She's been in that role for 3 years now.
  13. Yeah, SBI already had a majority stake in R3 going back 2-3 years. I'm just speculating as to what company/blockchain platform would Ripple stand to benefit from the most via a direct buy out. With R3, they would have access to a plethora of fully functional dApps with fully developed ecosystems and partners already utilizing the various dApp platforms (i.e. Instimatch, Marco Polo, etc). dApps is an area where Ripple lacks traction. I doubt SBI would acquire R3. That would not go over well with the other banks and FIs on the R3 platform. A move like that would be seen as a hostile takeover giving SBI free reign to do as they see fit. A scenario like this would most definitely lead to an exodus from the Corda platform. In a Ripple buyout they (Ripple) would serve as an unbias owner so that no one banking entity would have undue control. Ripple's sweet spot is providing the platform and tools for Banks and FIs. A Transferwise purchase would be bad for business in that Ripple would be competing with many, if not all, of their clientele. A more likely scenario would be a partnership with Transferwise like MoneyGram, not a direct buyout
  14. The recent talks of prospective partnerships, mergers, and/or acquisitions from Brad has rekindle a previous hypothesis/speculation I once had regarding an outright purchase of R3 by Ripple or, at the very least, a merger of the two into another company of sorts. I know, I know....I'm probably reaching a bit, but I believe this could very well be a real possibility. I wrote about the possibility of this scenario back in September of last year in a blog post by @CT99 regarding the settlement between Ripple and R3 over the 5-billion XRP. This was also during the time when R3 had been experiencing some financial issues and was entertaining potential buyers or an IPO. With Hyperledger and the EEA joining forces to work and collaborate together, the likelihood of an R3 buyout by Ripple doesn't seem too far-fetched. After-all, Ripple is still holding (bottom of page) that 5-billion of XRP supposedly promised to R3 outside of Escrow. Other potential acquisitions would most likely be protocol related coming from previous and new investments via xPring (i.e. Equilibrium, Kava, or Agoric). Thoughts????
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