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keybordem

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  1. Thanks
    keybordem got a reaction from CrazyVikk in Swift GPI cross border settlements in 18 seconds?   
    In a perfect scenario probably but there's still issues if youre not in the most liquid of markets. XRP makes everything quicker from domestic to international. 
    Think of it like MPG on a new car. In the old days a manufacturer would put only the best number achieved by doing anything to hyper mile a car, completely out of the normal day to day reality. 
    Ripple does the same thing with its TPS number and has yet to prove outside of a test environment how high the TPS can go on ledger. 
    In the end ripples goal is nostro/vostro removal and somethings gotta take the place of that fiat. SWIFT already at least publicly said they aren't doing a digital asset. 
     
  2. Like
    keybordem got a reaction from MBi in Does XRP has a use case in the supply chain?   
    There's presently several banks Ripple is close to that are working with blockchain to improve trade finance for global supply chains as well as CGI in the article below. 
    So no officially, but all the parties are working together and most have strong ripple links. Up to you to figure out how strong you think the probability is that ripple and eventually XRP will be involved. Perfect use case for XRP combined with Codius in my opinion. 
    https://www.businesswire.com/news/home/20181017005819/en/Banks-Join-Forces-Transform-Trade-Finance
     
  3. Like
    keybordem reacted to P3T3RIS in XRP UNITED - The First Full XRP Based Exchange now LIVE   
    www.XRPUNITED.com
  4. Like
    keybordem reacted to JA8 in DFS AUTHORIZES COINBASE GLOBAL, INC. TO FORM COINBASE CUSTODY TRUST COMPANY LLC   
    I thought this was actually old news (ish). Coinbase suggested they would be introducing custody services for various digital assets including XRP several months ago. What they haven’t said is that they’ll be introducing any XRP trading pairs on GDAX, nor permitting any direct XRP purchases via Coinbase. 
    Not ruling it out - but this news doesn’t change much in terms of the Coinbase outlook (yet)
  5. Thanks
    keybordem got a reaction from Zerptime in Ripple Network Moves $50 Million in XRP in 2 Seconds for Just $0.30   
    New article.... But old news
  6. Like
    keybordem got a reaction from Promethee in Ripple Network Moves $50 Million in XRP in 2 Seconds for Just $0.30   
    New article.... But old news
  7. Like
    keybordem reacted to CountZerpula in Sibos - - How do you avoid discussing Ripple / XRP with this conference programme   
    I'd love to see Ripple go Full Tesla, and just light up RippleNet on a giant projection screen. And then break the handle off the switch 
    "The Columbian Exposition opened on May 1, 1893. That evening, President Grover Cleveland pushed a button and a hundred thousand incandescent lamps illuminated the fairground's neoclassical buildings. This "City of Light" was the work of Tesla, Westinghouse and twelve new thousand-horsepower AC generation units located in the Hall of Machinery. In the Great Hall of Electricity, the Tesla polyphase system of alternating current power generation and transmission was proudly displayed. For the twenty-seven million people who attended the fair, it was dramatically clear that the power of the future was AC. From that point forward more than 80 percent of all the electrical devices ordered in the United States were for alternating current."
    https://www.pbs.org/tesla/ll/ll_warcur.html


     
  8. Thanks
    keybordem reacted to Atomic1221 in A chart of aggregate XRP holdings by the BearWhale   
    Actually my thoughts exactly!
    Chris Larsen supposedly donated 7bn XRP to RippleWorks
     
    1) Address that activated BW account:
    https://bithomp.com/explorer/rwSy4ZmW1hvpziYyeVQ35yhMTYtEEpZPtA
    This address was activated with 6.60Bn. 
    Of the 6.60Bn; 5.09Bn was spent activating two accounts, one of which was BW:
    BW account (with 1.089 Bn)
    https://bithomp.com/explorer/raZt9CZHwHiAPZPWGLZ4bQJG91Jmdbjccm
    Secondary Account: (4.011 Bn)
    https://bithomp.com/explorer/rJ91aVJryEySEcUwd8rLPNYSLSBvSSwZfK
    2) The account that funded 1) with a 6.60Bn XRP balance was:
    https://bithomp.com/explorer/r4EKQxzz2XMaSBjWPfH119tj7yA37sweEQ
     
    The account that funded the 6.60Bn account is one of the “ x.distributor.1 “ accounts who’s original holdings totaled 27bn XRP = around 70% of circulating supply.
    3) The exact account that funded the 6.60Bn account (which in turn funded BW) is called  x.fortknox.6 and had originally 9bn in holdings (one of 3 accounts each with 9bn XRP)
    https://bithomp.com/explorer/rn4o6i8BrwhwmyjLntKsW4DZnk76dZXocS
    ——
    What does all this mean? Well 3) started with 9bn and spent 7.1bn activating secondary accounts back in 2013. This was quite a while before the RW donation announcement but I still think it’s possible.
    7bn has actually never been “spent” from a single account except from this account. Only 3 accounts have over 7bn and this is one of 3. The other 2 don’t ever have transactions that could equal 7bn
    Also given the amount of circulating supply = 39 Bn ; that means that only 12 Bn of circulating didn’t belong to one of these 3 accounts at any given time. 
    Given that there’s the following accounts:
    5.1bn for Ripple Holdings accounts (rMQ9...)
    1bn Bittrex (rPVM...)
    ....
    Basically if you add up all the known accounts you’ll come to the conclusion that the ONLY WAY that 7bn was donated would have been from one of the 3 Fort Knox accounts based on supply. There’s just no other way for it to happen. What I’m saying here is, with the exception of the x.distributor.1 accounts,  even if a all the top 50 accounts with still unidentified owners pooled their balance together, it wouldn’t come close to funding 7bn XRP.
    Please keep in mind, for extremely large accounts there would be a trail of account ownership relationships for such a large transfer. Meaning, even if 7bn came from multiple accounts; it would still need to be linked to the top 50 or so accounts for it to have been possible at all. 
    So given my original post and the information above, I think the conclusion is obvious. IF Chris Larsen did donate the 7bn it would have HAD to come from one of those 3 accounts. And fact one of those accounts activated two accounts for an amount of around 7.1bn XRP (and only two accounts), I think we can safely guess that CL indeed did donate 7bn and BW is in fact related to RippleWorks.
    Also, x.distributor.1 was a genesis account that was “given” XRP before ledger 32580 which is the beggining of Ripple Ledger history. This 27bn likely belongs to 3 Ripple Founders. 
    If someone can prove me wrong here, I’ll delete this but this my best conclusion given the data at hand. RippleWorks was founded in 2014 and these transactions are from late 2013. Announcement was much later but I bet CL wanted to make sure Ripple was a smashing success before donating a large stake of his net worth to charity.
    And like I said before, charities will generally use a trustee to sell at times of high-volume in order to complete their obligation of a “best-effort”.
    Edit: It would really reinforce this idea if RW made an announcement in the coming months with project timelines or something along these lines since it has completed selling off the entire stack in its only active account....well, that’s assuming everything I said above is correct
     
    Some further evidence:
    1) If CL did donate 17.5% or Circulating Supply of the security he co-founded; it would be obligatory for RW to use a trustee to avoid any accusations of price manipulation or impropriety. 
    2) Bitstamp is also use for Jed’s cashouts and I believe most of the Ripple Exec’s selling is done on there. Minor evidence but true.
  9. Like
    keybordem reacted to Atomic1221 in A chart of aggregate XRP holdings by the BearWhale   
    The only thing that makes sense to me, given the pattern of selling is a trustee or holding company selling on an entity's legal behalf. 
    Why? A trustee is legally obliged to sell at the best possible rate. Without a crystal ball with future price readouts, this is done by selling chunks over a fixed period of time (as evidenced by the graph) and whenever volume is high. A High-volume environment is legally considered a "best effort" by the trustee. Selling on low-volume would in normal markets is not considered a good practice. 
    Who could it be? My guess is either:
    A ) an individual passed away with massive holdings (Mr. Mellon comes to mind, but news reports indicate he never shared his keys and I believe the selling started before he died). 
    Or 
    B ) A charity was donated a massive amount by a Ripple executive and they have no idea what to do with it so they hired a Trustee to take care of the selling.
    I believe option B is more likely and the less discussed possibility. Nonetheless, it is interesting to speculate
  10. Like
    keybordem got a reaction from TheLion in We will see some magic from Omni very soon   
    I see age difference more. Young people in general just don't have the manners they use to and twitter/internet anonymity compounds the issue. 
    Instant gratification and answers instead of just letting people do work and get things done. Lack of respect for the efforts and time of others I guess. 
  11. Haha
  12. Like
  13. Haha
    keybordem got a reaction from BluKoo in Bearableguy123 Thread   
    You must live under a rock
  14. Confused
    keybordem reacted to TheXRPer in Bearableguy123 Thread   
    You and I must be looking at different things. 
  15. Like
    keybordem reacted to XRP-JAG in Bearableguy123 Thread   
    Probably the picture with $589 over the UN building...
  16. Thanks
  17. Like
    keybordem got a reaction from strikerjax in We will see some magic from Omni very soon   
    I see age difference more. Young people in general just don't have the manners they use to and twitter/internet anonymity compounds the issue. 
    Instant gratification and answers instead of just letting people do work and get things done. Lack of respect for the efforts and time of others I guess. 
  18. Like
    keybordem got a reaction from charmaser in Coinbase Ditches Its Index Fund   
    Coinbase is an excellent case study in a company with a good product ignoring what their customers want because the founders assume that they know best what the customer needs. 
    They could have found a profitable way for XRP and all the others to be on their platform as evidence by just about every single other competitor doing just that over the last year. 
    Should have served their customers and not their egos. 
  19. Like
    keybordem got a reaction from RDS in Coinbase Ditches Its Index Fund   
    Coinbase is an excellent case study in a company with a good product ignoring what their customers want because the founders assume that they know best what the customer needs. 
    They could have found a profitable way for XRP and all the others to be on their platform as evidence by just about every single other competitor doing just that over the last year. 
    Should have served their customers and not their egos. 
  20. Like
    keybordem got a reaction from Tinyaccount in We will see some magic from Omni very soon   
    I see age difference more. Young people in general just don't have the manners they use to and twitter/internet anonymity compounds the issue. 
    Instant gratification and answers instead of just letting people do work and get things done. Lack of respect for the efforts and time of others I guess. 
  21. Like
    keybordem got a reaction from LetHerRip in Coinbase Ditches Its Index Fund   
    Coinbase is an excellent case study in a company with a good product ignoring what their customers want because the founders assume that they know best what the customer needs. 
    They could have found a profitable way for XRP and all the others to be on their platform as evidence by just about every single other competitor doing just that over the last year. 
    Should have served their customers and not their egos. 
  22. Like
    keybordem reacted to Flying-Dutchman in Ripple partner Santander to adopt SWIFT GPI: What does it mean for XRP-powered xRapid?   
    Swift GPI allows banks to manage their nostro accounts and make payments in real time.
    With GPI they can see real time how much money is in each nostro account and is actually needed. The surplus can be used for other investments.
    GPI can be compared to xCurrent.

    By using xRapid nostro accounts are no longer needed and that is the big difference between Ripple and Swift.

    However, the xRapid system must be rolled out and that can take some time.
    In the meantime, banks must continue to make international payments.
    It is logical, for example, that Santander will continue to use the GPI Swift system in addition to the use of Ripplenet

     
  23. Thanks
    keybordem reacted to GiddyUp in When's the Q3 report coming?   
    I don't have sales figures, but the number of coins in circulation is growing, does that help? You can go to my post that illustrates this by clicking on the link below.
     
  24. Haha
    keybordem reacted to TheXRPer in Coinbase Ditches Its Index Fund   
    Did you read the title of this tread?
  25. Like
    keybordem got a reaction from Phintech in Coinbase Ditches Its Index Fund   
    Coinbase is an excellent case study in a company with a good product ignoring what their customers want because the founders assume that they know best what the customer needs. 
    They could have found a profitable way for XRP and all the others to be on their platform as evidence by just about every single other competitor doing just that over the last year. 
    Should have served their customers and not their egos. 
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