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About madToo

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  1. Hi @investrrr, Welcome to xrpchat. Every one of the responses above is correct. But being new I thought you might want a reason why. Consider the wallet address the same as a postal address. In both cases the item/coins will get to the correct location. Just like physical addresses it may be sent to an address with one person at the location (nano is like this) or to an office building with hundreds of people (a lot of exchanges are like this). In both scenarios the tag is the name/ID of the person who should receive the package. But it only matters when it is sent to an office with more than one potential recipient. The office will receive it but not know who to give it to. In an office you'll ask reception/post room for your package and if they don't know you ask for proof of who you are. In an exchange you'll email the help desk and will absolutely have to provide proof of transfer. A few exchanges may even say they can't help. They would be lying or the support doesn't know what they are talking about. Even with good exchanges this process is a major pain. I hope this explains the advice above.
  2. Posting an update because there has been a massive jump in the last couple of days compared to normal. 7,021 as of today. That's 143 more in 18 days. About a 100 more in the last couple of days.
  3. Just checked again and it is 6907. 19 more in 10 days. I won't keep doing updates, just validating my post with evidence.
  4. If I didn't appreciate your response it would make my post hypocritical so thanks re PE you are right that it is used to value companies. But in that case it is based on one year of earnings and it is reasonable to factor future years. It also considers projects in progress that will increase revenue. I would also argue some PE multipliers do take value and then add a speculative element, sometimes they go crazy. Re the 5 trillion I concede that when I re read it, he was stating the size of the pie.
  5. Actually that is not possible with the software architecture ripple has developed. RippleNet enables communication between FI but the messaging does not go through Ripple so they cannot provide data. Can they force Ripple to disconnect entities (ie Russian banks) I don't know.
  6. The trouble with this piece is that the argument is about as solid as a Bitcoin maxi in reverse. I say this with more faith in my xrp investment than I had 2 years ago or more when I first invested. Which for the record is incredibly positive. Items I have issue with 1. Value is current and future utility. Sorry but future utility is speculation, even when based on research and expected outcome . Until it happens you are speculating 2. Uses potential adoption '5 trillion a day' as value. No, it's a market size not value. Bitcoin has a value of gold? Or originally replacing fiat? I don't think so. 3. Value is purely utility driven and Bitcoin has non. The ultimate reverse Bitcoin maxi. Bitcoin has the biggest utility to date in crypto. Do I think the utility has a limited shelf life yes. But to say it has non now is as naive as the worst Bitcoin maxi. What is that utility ? Trading other coins and storing value. Why, because that's what people are using it for. 4. Would ripple change to a better performing asset? I don't disagree with his points, but misses the most important. It takes time and effort to build liquidity. Without that a better performing asset is useless. His last section I mostly agree with. But again he confuses potential with value. Let me reiterate that I say this truly believing in the potential of my investment. But I don't confuse that with current value. I also hold no Bitcoin because I don't believe in it long term, although expect to regret that, because, you know markets. Let's be true and honest about our investments and open to the positive of other investments even if we are not invested. Our best road to success is knowledge not blind ignorance. And just for the record I love our tiny friend. I Usually agree with this ant.
  7. The below link is a calculator based on a Stanford paper coauthored by a Ripple board member. It takes various parameters as volume is just one price influencer. I don't know if the original paper is accurate or if this calculator is coded in accordance to it. But it will give you an answer to your question. https://www.allinxrp.com/Calc/ Enjoy
  8. I periodically look (every week or two) at XRP Stats and enter a wallet size of 200,000. Chosen because it is a serious enough size without being too out of reach. There are between 10 to 15 wallets with larger values than 200,000 being added each time I look. I don't look at percentage as there are too many dead / insignificant wallets that skew that figure. So yes I think there are reasonable positions being built up even in this market. Today's value is 6878 if you want to monitor https://ledger.exposed/rich-index/200000 Obviously this does not differentiate between individual wallets held on exchanges.
  9. Stellar took an early version of the code, then stripped out code Jed didn't like and introduced their own modifications. This created issues early on and based on the printing bug still has issues. Over the years the code has been diverging as both groups made their own modifications.
  10. You would think that, but from experience it's a very different skill set being able to create a technically functional site vs making it user friendly. There are people with both skills, but that's not the norm. Much to my frustration.
  11. He has never specifically stated it will go up, but he has stated in various interviews that 1. He doesn't think about price on the short term. He thinks long term 5 years. First stated 2 years ago 2. He has stated he doesn't understand market pricing and if he did he would be very rich 3. As already stated by others he gas said Ripple has a lot of xrp so have a vested interest in seeing it increase 4. About 2 years ago David Schwartz wrote about possible prices. But it did not seem to be based on any modelling, just an off the top of his head response on Quora
  12. I believe our tiny friend is correct, that is my interpretation as well.
  13. My take on @ringer2 is that there are a lot of worthwhile posts that get lost in you're a troll no I'm not arguments. XRP bulls don't want to hear contrary view points, @ringer2 can't be bothered (understunderstandably ) to put much effort countering them which makes he/she appear trolling.
  14. I for one appreciate diverse opinions to challenge my own status quo. So thank you. I am happy to say that having considered your post I still believe in him as the CEO. Here's why 1. I have seen the impact that a CEO change can make first hand, and it can be very destabilizing. This is good when the ship is off course, but high risk when the team is functioning well. 2. Since he joined he has been focussed on the end game, but also willing to pivot strategy as they learn what works or not. xRapid (ODL) is a prime example of this and while it may not be his idea, he enabled this - Don't underestimate that. 3. He has been on message and consistent. To us it is boring because we watch so closely. But the fact everyone can do the aeroplane elevator pitch, proves how successful it is. Perfect if boring marketing 4. Re your main point about wanting someone with presence that can command audiences. Step back from the crypto main media and search for the numerous meetings with IMF, bankers conferences (not crypto), central bank meetings. The only type that could do better (If that's possible ) is a born and bred banker type. I'm not sure we want another SWIFT and they certainly wouldn't get the best out of the current team. 5. Finally, the bad PR / message changing the CEO would send would be massive. Apart from a retiring CEO situation, who here has felt more confident in a company when their CEO has been ousted. I never have. Again thanks for you challenging question done in a thought provoking way. I don't see someone asking challenging / negative questions as a troll. Sometimes the trolls get us riled up and we jump too quickly to assign that label.
  15. My last note on the subject as this thread does not require our debate. Happy to continue via DM if you wish. Great video though thanks
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