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DreXRP

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  1. Like
    DreXRP reacted to Paradox in MGI and the "Ripple Effect"   
    I have posted these thoughts before on other parts of the forum, but I wanted to get a general feel from others if my thoughts are misplaced:
    Since MoneyGram (MGI) announced its partnership with Ripple and its intent to use xRapid, its stock price has jumped ~155% and is currently up around 10% so far this morning.   Now yes, a significant amount of this price bump may be due to speculation - however if you have done your research and read Ripple's XRP cost savings paper, you will understand that the use of xRapid can significantly lower cross-border transactional costs which will ultimately benefit the company's bottom line.
    However - that isn't my point.   I also expect to see what I will refer to as the  "Ripple Effect" occur in the traditional markets as more publicly traded companies partner with Ripple.  The massive rise in stock price must be getting the attention of other players in the industry.   MGI is really the first example of how just partnering with Ripple can drive shareholder value.   However, it remains to be seen if this effect will be long-lived.
    What do you all think?   Do you think the effect Ripple has had on MGI's stock price will be an additional incentive for other public companies to hop on board?   I am curious to hear your thoughts.
  2. Like
    DreXRP reacted to Julian_Williams in The Big Deal   
    That visual showing how much money Ripple are investing in Coil is a big story.  A little while ago I watched a video where Stefan Thomas explained how they designed the architecture of XRP (or was it Codius) to be very open and flexible to accommodate change.  He mentioned how he was avoiding the pitfall ETH had fallen into, apparently ETH is written in a very dense manner with too many options.  In a nutshell his mantra is: Built in plasticity wins over accommodating long lists of options for every imagined eventuality.  This guy has a very intelligent approach to developing software.  He helped design XRP and now he is going after being first in a very big market he has identified.
    I am quite sure the present iteration of Coil is open to changing to fit the markets that emerge.  I think people should not think the way Coil has been launched has much to do with how it will look in five years time.   Coil as it presently stand is an opportunity to get a few techies and XRP fanclub involved.  This early in the project feedback is king and people like Hodor and Crypto Eri are doing their bit.
    Streaming payments is not just about videos and entertainment.  I have many subscriptions: Business accounting software, Adobe design suites, Trade reference suites, Address finding software, Microsoft Office, Norton spam filters, mobile phones, voip phones and online tutorial services. This is costing my business many thousands a year.   I do not like the blanket fees these software companies charge and would far prefer to pay by usage. 
    My wife has a car she uses once a year.  Again the insurance should be on usage in real time.  Car hire should be streamed on usage.  Parking meters should start when I park and stop when I leave.
    Streaming payments will be huge.  Coil are building something with the plasticity to take advantage of the markets as they emerge, that's why Ripple are putting so much money behind their former CTO. 
  3. Like
    DreXRP reacted to Tinyaccount in Western Union Beginning to See the Light???   
    I find it interesting how many newly created members immediately start using the word ‘hopium’.  It’s almost as though they are on a crusade like their other alter-egos other members are.
  4. Like
    DreXRP reacted to Julian_Williams in Western Union Beginning to See the Light???   
    Well what is research if it is not conjecture and what is hope if it is not optimism?   Perhaps you suggest looking at patterns in charts and using bots with algorithms? 
    This word hopium should be banned because it implies optimism is an addictive drug like opium.  Hope is healthy, despair is unhealthy
     
  5. Like
    DreXRP got a reaction from ReXRP in The Ripple Drop - 14   
    In this episode we take a special look at Xpring and the work they've done to support ILP (Interledger Protocol) and XRP adoption. We interview SVP of Xpring Ethan Beard, Founder and CEO of Coil Stefan Thomas and the leadership team of Raised in Space Enterprises: CEO Zach Katz and President Shara Senderoff.
  6. Thanks
    DreXRP got a reaction from Hodor in The Ripple Drop - 14   
    In this episode we take a special look at Xpring and the work they've done to support ILP (Interledger Protocol) and XRP adoption. We interview SVP of Xpring Ethan Beard, Founder and CEO of Coil Stefan Thomas and the leadership team of Raised in Space Enterprises: CEO Zach Katz and President Shara Senderoff.
  7. Like
    DreXRP got a reaction from BAX in The Ripple Drop - 14   
    In this episode we take a special look at Xpring and the work they've done to support ILP (Interledger Protocol) and XRP adoption. We interview SVP of Xpring Ethan Beard, Founder and CEO of Coil Stefan Thomas and the leadership team of Raised in Space Enterprises: CEO Zach Katz and President Shara Senderoff.
  8. Thanks
    DreXRP got a reaction from taebuoytogI in The Ripple Drop - 14   
    In this episode we take a special look at Xpring and the work they've done to support ILP (Interledger Protocol) and XRP adoption. We interview SVP of Xpring Ethan Beard, Founder and CEO of Coil Stefan Thomas and the leadership team of Raised in Space Enterprises: CEO Zach Katz and President Shara Senderoff.
  9. Haha
    DreXRP got a reaction from BruceWhale in Who will be Swell keynote speaker this year?   
    2017 Bill Gates
    2018 Bill Clinton
    2019 Bill Cosby
     
    was discussed a long time here in the forum in detail
    Confirmed
  10. Haha
    DreXRP got a reaction from earth in Who will be Swell keynote speaker this year?   
    2017 Bill Gates
    2018 Bill Clinton
    2019 Bill Cosby
     
    was discussed a long time here in the forum in detail
    Confirmed
  11. Like
    DreXRP reacted to King34Maine in SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security   
    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. Like
    DreXRP reacted to Julian_Williams in Moneygram Earnings call this morning...They are pumped for xRapid   
    Bitso corridor exponential growth continues
    https://docs.google.com/spreadsheets/d/1pZ2POpljERK-oV3rusaCmq58U2badn5i9WOCIP9Wtmg/htmlview#gid=1888946776 
  13. Like
    DreXRP reacted to Julian_Williams in Ripple eyeing 'multiple' deals after MoneyGram investment   
    I think Brad was a bit over optimistic in 2018 in his predictions about how fast banks would join in using XRapid.  Something he was expecting did not materialise as quickly as he was hoping, perhaps it is just the scale of the inertia of banks towards major change.  I do not blame Brad, his crystal ball may be better than ours but it is still fallible.  What he was predicting will happen.
    These new predictions are again optimistic, maybe over optimistic, but are likely to reflect what Ripple are expecting to happen in coming months.   Ripple is growing as fast as it is safe for any company to grow.  Staff numbers are doubling and doubling.  Any faster growth would jeopardise their future, but I believe if Ripple can pull off their aspirations to become the benchmark for cross border payment they will be on track to be the biggest company in the world.  The markets they are trying to disrupt and then dominate are far bigger than Google or Apple's markets.
    At present the price of XRP tokens does not reflect potential.  2019 has been exciting in terms of development, but not price.  As such they look to me very undervalued and I am still accumulating. 
  14. Like
    DreXRP reacted to hallwaymonitor in Ripple eyeing 'multiple' deals after MoneyGram investment   
    Those who are interested can monitor the XRP volume in Bitso and Coins.Ph from these links when you navigate to "Analyze" tab. For now it shows just past 30 days but the volume should still be trending upwards during the coming months. If not then something must be wrong.
    https://xrpscan.com/account/rLSn6Z3T8uCxbcd1oxwfGQN1Fdn5CyGujK
    https://xrpscan.com/account/rU2mEJSLqBRkYLVTv55rFTgQajkLTnT6mA
    PS. The "Aug 9" nosedive within the pictures is simply caused by the fact that it is early Friday at the moment when I'm typing this. Also try not pay too much attention to the number of payments in Coins.Ph because the exchange has been constantly targeted by the known XRP spamming accounts.


     
    Update: in below is something that might help to gauge xRapid flows as well. 
     
  15. Like
    DreXRP reacted to hallwaymonitor in Ripple eyeing 'multiple' deals after MoneyGram investment   
    Yahoo Finance UK had an interview with Brad Garlinghouse about MoneyGram investment and xRapid outlook.
    https://news.yahoo.com/ripple-brad-garlinghouse-multiple-deals-moneygram-050000149.html
    Key takeaways from the article:
    "Garlinghouse said active discussions on “multiple” potential investments and acquisitions were currently underway but declined to give further details."
    “If you’re the Bank of Oscar and you’re holding £1 and you want to shoot a payment over to Mexico, you buy XRP with the pound, that takes fractions of a second on any digital exchange; you move the XRP to an exchange in Mexico, that takes about three seconds, there’s an exchange in Mexico we work with called BitSo; they now have the XRP, they sell the XRP, and they buy pesos,” Garlinghouse said. “It’ll start to ramp in Q4 but really we’ll start to see more consequential volumes in Q1,” he said."
    “The more liquidity there is, that means the spreads get tighter. The tighter the spreads get, the more efficient that corridor gets. The more efficient that corridor is, the more comes through there. So there’s a flywheel that happens and once you get it moving it starts to feed itself.”
    “The Moneygram deal is really one of the first scaled use cases of a digital asset in production,” Garlinghouse said. “This is a big deal. If I were betting now, a year from now the Moneygram deal will have a more consequential impact on the crypto markets than the Libra white paper [Facebook’s cryptocurrency project].”
    "Garlinghouse said he expected “over $1bn of xRapid volume” by the end of 2020."
    “Banks that two years ago told me: Hey we love your technology, we’re thrilled to be working with you but we’re not going to use crypto. I said OK great. Some of those same banks are now coming back and saying hey let’s talk about that because they see the value,” Garlinghouse said.
     
    My thoughts:
    - I hope the biggest investments and acquisitions of Ripple will be similar than MoneyGram which will provide more XRP/FIAT liquidity and hence encourage xRapid adoption even more.
    - I don't find it coincidence that Brad is using British Pound (£) as an example. Bitstamp should open GBP corridor "soon" and I hope they will start offering XRP/GBP pairing from the get-go because as an xRapid preferred exchange they would start to gain more revenue from XRP/GBP trading in addition to their XRP/USD & XRP/EUR pairings.
    - Remember that Brad said a couple of weeks back that Libra white paper brought the best week for Ripple ever and also it was call to action for banks. IMO according to Brad during Q3/2020 MoneyGram should bring even more customers to Ripple than Libra white paper did. We should also see xRapid overall volume around $1bn by the end of 2020.
    - Remember that in June 2018 Brad said at least one major bank should be using xRapid in the end of 2018. Well, we got Euro Exim bank in end of 2018 and it is not major bank by any means to be honest. Thus, I won't expect any major banks using xRapid in the end of 2019 as well even if there would be some banks asking about XRP from Ripple right at the moment.
    PS. Credits to Eric Dadoun (@EDadoun) from Twitter for sharing the article.
  16. Like
    DreXRP reacted to Duke67 in Ripple eyeing 'multiple' deals after MoneyGram investment   
    Brad Garlinghouse: “It’ll start to ramp in Q4 but really we’ll start to see more consequential volumes in Q1”
  17. Haha
    DreXRP reacted to pucksterpete in Nice coinsph video incl xrapid on nearly 30 banks   
    But no one will ever use XRP  
  18. Like
    DreXRP reacted to Julian_Williams in Moneygram Earnings call this morning...They are pumped for xRapid   
    from Crypto Eri
     
    looks like Moneygram are boosting XRapid payments to Mexico (I think)


  19. Like
  20. Haha
    DreXRP reacted to nikb in How do you feel about Ripple holding such wast quantity of XRP?   
    No, only that you can’t be bothered to express them cogently.
    This isn’t about the language evolving—English is a living thing after all. Evolution is fine and new words will enter the common vernacular.
    This is about you claiming that proper spelling is irrelevant and that “[your] generation […] dsnt giv a fk about spellin”.
    If that’s true, the only ones suffering are you and your generation.
  21. Like
    DreXRP reacted to Caracappa in How do you feel about Ripple holding such wast quantity of XRP?   
    We have to take into account that the world is bigger than the English speaking countries and non natives (like myself) slip up. After all, that global thingy is part of the problem Ripple is solving for our newer generations 
    But agreed, if our younger generation is used to communicate via Whatsapp and after years of language abuse they have to write an essay in the language of their older mentors.
    Thats also part of the evolving languages. Perhaps in a hundred years we are back to how the Egyptians communicate, with emoticons.
  22. Like
    DreXRP reacted to nikb in How do you feel about Ripple holding such wast quantity of XRP?   
    If true, that says a lot about your generation, doesn’t it?
    Words offer the means to meaning. So if you can’t be bothered to spell properly, it implies you can’t be bothered to convey your thoughts to others. And if you can’t be bothered why should anyone else?
  23. Like
    DreXRP reacted to dr_ed in Epic Pennant on BTC Chart   
    Not sure where to drop this comment. It is fundamental analysis, not TA. But it's 100% XRP related. Bear with me.
    One thing Galgitron posted last year (at least one thing) has stayed with me.
    "One very important aspect to understand about xRapid that's unique to it, is that xRapid drives BOTH market AND ledger transactions, in a ratio of 2 to 1 because there's two exchange transactions and one ledger transaction for every xRapid transfer. In this way, it's possible to figure out approximately how much of the current price of XRP is due to speculation, or utility.
    The easiest way to see this is by comparing the first and third figure shown on this page (total market exchange volume versus total ledger volume). This will suffice for now, but as further XRP adoption takes hold in other business sectors, the ledger volume should outstrip market volume, but we're a very long ways from that yet. By comparing these two figures, you can easily determine how much speculation versus utility there is."
    http://galgitron.net/Post/How-xRapid-Worksand-Doesnt
    I noticed last night that the ledger payment volume was slightly higher than the market volume.......when I started checking several months ago, it was usually around 30-35% of market volume. Apparently what I noticed has happened at least a few times over the last couple of months. This morning ledger payment volume has dropped back a bit, but this represents a real sign of rising utility and is the early indicator that xRapid is starting to be a factor.

    (Last nights stats above. See the link for real time data.)
    https://xrpcharts.ripple.com/#/
    If....if it is true that XRP Price will turn out to be an exponential function of transaction volume (and it makes sense to me) then this is significant,.
    Because...it means the ledger payment volume has already roughly doubled from six month ago....and now we actually have Moneygram, which should contribute to the trend going forward, along with other payments.
    At some point this will move XRP price. The idea that it might move up in a distinct stepladder manner is interesting too... and also makes sense (especially if you subscribe to the notion that Ripple is using its sales to control price). I'm more agnostic on that part, but it's worth considering.
  24. Like
    DreXRP reacted to 2ndtimearound in Moneygram Earnings call this morning...They are pumped for xRapid   
    I hold gold, silver, cryptos (and I hold more precious metals than I do crypto). 
    It's really only Bitcoin maxis who push the "store of value" thing because BTC literally has no other use....and BTC isn't even a store of value - it's a bet that people still have confidence in BTC years down the line...as simply being valuable. 
    Crypto is a bet on the future, not really a store of value.  The Bitcoin network takes up enormous amounts of resources just to exist on a daily basis.  Gold / silver that's already mined requires no more energy to maintain and it doesn't wear down, AND has 5000 year + history of being seen as money.  About $3 trillion of the $8 trillion of gold in existence is in the form of jewellery.  In other words, gold isn't going ANYWHERE.  The "drop gold" campaign was really foolish and didn't understand how embedded gold is into everyday life around the world.  If anyone thinks gold is just a mouse-click away from being "dropped", they are deluded.  Both gold and silver have proven to be excellent stores of value since the gold standard was dropped.  Central banks have been buying up gold at record levels all through 2018 and 2019, and Basel III has essentially (for the first time) seen governments finally recognise gold as a very low risk asset.  Gold-backed cryptos will be (I am sure) popular in the future. 
    XRP brings real world utility, but we are still betting that the banking system will adopt it  (through the realisation that XRP brings much faster and cheaper movement of fiat currencies), thus giving XRP a higher value (as market makers will want to hold it, investors will deem XRP as a 'safe' hold as it's embedded into the financial industry etc).  I definitely do not feel like I am storing my value in my XRP stack - I consider it to have ZERO value since it COULD go to zero.  Gold and silver will never go to zero.  They might lose 10% to 30% of value from your average buy in price, sure...but they won't go even close to zero, especially in this modern era where fiat currencies are continually being debased through low interest rates and printing. 
     
  25. Thanks
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