thunderw

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  1. Duke67 liked a post in a topic by thunderw in Insiders Dumpling?   
    Come on guys. XRP has increased by a factor of 50(!!!!) YTD ! You really think some profit taking isn't plausible, or a reason to be concerned...? Give the market a little time to absorb this HUGE price movement. I'm just astonished (in a positive way) that we seem to be holding the 30c+ . I mean, come on, relax. Good times ahead.
  2. Duke67 liked a post in a topic by thunderw in Insiders Dumpling?   
    Come on guys. XRP has increased by a factor of 50(!!!!) YTD ! You really think some profit taking isn't plausible, or a reason to be concerned...? Give the market a little time to absorb this HUGE price movement. I'm just astonished (in a positive way) that we seem to be holding the 30c+ . I mean, come on, relax. Good times ahead.
  3. Duke67 liked a post in a topic by thunderw in Insiders Dumpling?   
    Come on guys. XRP has increased by a factor of 50(!!!!) YTD ! You really think some profit taking isn't plausible, or a reason to be concerned...? Give the market a little time to absorb this HUGE price movement. I'm just astonished (in a positive way) that we seem to be holding the 30c+ . I mean, come on, relax. Good times ahead.
  4. thunderw liked a post in a topic by Dsimmo in CONSENSUS 2017   
    Depictions of BTC mining rigs

    Depiction of Ripple validators
  5. thunderw liked a post in a topic by nikb in [Q] What about Ripple's decision to move XRP into escrow?   
    It amuses me that people worry that Ripple will have access to a billion XRP a month and "ZOMG, they'll sell it and tank the price."
    Think about this rationally for a second: Ripple has access to way more than that right now and has had for years. And throughout that time, it has acted rationally, choosing to sell strategically with an eye to the long-term health of the ecosystem instead of a quick buck.
    Past behavior is a good predictor of future behavior. My personal opinion is that we will see Ripple continue to act as it always has: in careful but bold steps, mindful of being good stewards of the network. I expect that, month to month, the majority of the released funds will be returned into escrow, and Ripple will continue to focus on building up the Internet of Value.
  6. thunderw liked a post in a topic by Eik in [Q] What about Ripple's decision to move XRP into escrow?   
    Transcript from Consensus 2017 workshop, here.
    58:49
    QUESTION:
    I was hoping that you guys could briefly discuss your decision to move those funds into escrow, and maybe what the plan is for those funds, if any, and would you use those for something like the lawsuit that you referenced earlier.
    59:07
    DAVID SCHWARTZ:
    So we're primarily VC funded, which is nice. Oh our decision to put fifty four billion XRP into escrow and what was behind that and whether we would use that for example to fund the lawsuit. So we're primarily VC funded. That lets us use our XRP strategically. We don't so much have to use it like a bank account we can more use it as a strategic tool. Certainly if we were threatened if you could imagine we're going to act in our own interest if we were threatened and we have to draw on that we certainly would to protect hopefully the space as
    much as it would protect us. We're going to act in our in our own interest but we don't have to draw off that like to pay salaries or we can be strategic. We can use it to align incentives. Institutional buyers who may buy XRP with the lock up they have an aligned incentive with us and other people who hold XRP because the future value of XRP is very important to them and that and we're able to use it that way. It certainly is also a source of revenue. I'm not saying that's not the case but I'm saying that that's not all of what's
    going on. I think also the fact that a lot’s been made about the fact that we're releasing a billion XRP a month. That doesn't mean that we're going to spend it. Obviously we think the price is good, if we succeed we believe that's going to put upward pressure on the price and if we fail what we're going to fail then you know we fail. If we fail it is what it is. We're not trying to squeeze out as much money as possible today. We're trying to maximize long-term value. So I would expect a significant fraction of that XRP, particularly is just going to wind up going back into lockup. If you look historically we've typically been selling between a hundred million and three hundred million XRP a month roughly. With the increase in value and the increase in interest it's hard to say like will it decrease because we have the same piece of value? Will it increase because we're trying to incentivize more partners and get more done? I think either way it's good it's good for everyone.
    60:49
    STEFAN THOMAS:
    I just wanted to provide a quick clarification on the lawsuit I mentioned. So that was an example of something that the Bitcoin community has sort of taken up. I'm not implying any particular position of Ripple and it wouldn't be my place to announce that anyway so we haven’t announced any position on a particular lawsuit. That was a hypothetical.

    61:09
    PATRICK GRIFFIN:
    I think that everything we're talking about. This is a capital intensive rollout. We're talking about re-engineering the entire financial system and the plumbing that underpins international payments. It's going to require a lot of capital and I think that everybody in the room understands that and I think that that's part of the reason why you're seeing these increases in market caps across the board. And it's certainly this is a powerful asset for us to leverage to grow our network. To grow our business. Which is good for everybody and in that spirit of sort of building out a level playing field.
  7. thunderw liked a post in a topic by kanaas in Ripple's big demo, and why you missed the big deal   
    deleted all time marks (my small contribution)
     
  8. thunderw liked a post in a topic by Eik in Ripple's big demo, and why you missed the big deal   
     
    This is the big Ripple demo, the first workshop on Monday morning of Consensus 2017. And you all probably missed it, or at least do not see the big deal. Watching the first few minutes in which the actual demo happens you might think: "mehh, is that all?! Poloniex also makes a counter go down if I press a button."
    But I think this is massive, and why is this massive? The transaction (that uses ILP and finds a path via RCL, and maybe if we were lucky we saw the chrome integration (?), didn't see good, @JoelKatz?) is actually a live demo of the future. The transaction is an actual change of ownership of funds (where e.g. Poloniex just makes one number increase, and the other decrease, leaving all ownership still with Poloniex). And this happens within seconds, and with seemingly no effort at all. Welcome to the future! Ok, so I understand you might not be very impressed yet. But you will.
    Furthermore, this 1 hour video has the answers to ALL YOU QUESTIONS. Ok, maybe not all, but the majority of question that are placed on this forum and in the zerpbox are being addressed (I am serious). However, they might be a bit hard to understand from just this video at first.
    Therefore I offer a 100 XRP bounty for a full transcript of this video (33USD at the moment of writing; if one or two more people chip in with the same, that is a serious bounty for 2-3 hours of work).
    With a full transcript, we can digest and separate all info much easier. And it is great. I promise.
    EDIT: in order to stimulate transcript completion, partial transcripts by different individual users are also welcomed. Bounty will then be divided according to amount of minutes transcribed.
    EDIT2: please use name indications. From left to right: Stefan Thomas (ST), David Schwartz (DS), Patrick Griffin (PG)
  9. thunderw liked a post in a topic by Dizer in Miguel's Panel at Consensus 2017   
    Isn't the plan all along was for Market Makers to hold XRP, and not banks themselves? Some of these Market Makers could be a branch of a bank's operations. But for compliance and risk management reasons, the bank initiating the payment transfer request must be kept separate from the Market Maker facilitating the bridging between digital currencies.
  10. thunderw liked a post in a topic by Xi195 in Miguel's Panel at Consensus 2017   
     
  11. thunderw liked a post in a topic by tomxcs in CONSENSUS 2017   
    Ignore that piece of trash! I wouldn't be surprised if he's running around with a Pepe the Frog tattoo somewhere on his nether regions.
  12. xudiannan liked a post in a topic by thunderw in CONSENSUS 2017   
    Hey guys - with Consensus 2017 coming closer and being one of the industy's biggest events, I thought it would be a good idea to have a seperate thread to share infos from events/demos/speakers the next two days.
    To all the Ripple folks: ENJOY THE CONFERENCE, HAVE FUN AND PLS TELL EVERYONE HOW AWESOME OUR MOST FAVOURITE CRYPTOCURRENCY IS 😎✌🏻
  13. DarthTrader liked a post in a topic by thunderw in Ripple is Aligned with Us!   
    @JoelKatz all those Twitter BTC daydreamers are just ridiculous. Most of them really struggle to THINK.
    I'm happy that Ripple as a company was guiding XRPs way to the moon, making sure the strategy/setup is the right one, and executed properly. Now it's the right time to execute on decentralisation. Bitcoin instead consists of 100,000 ignorant people who can't agree on anything. 
  14. thunderw liked a post in a topic by Haraldo in Ripple Mention From Blacklist   
     
  15. xudiannan liked a post in a topic by thunderw in CONSENSUS 2017   
    Hey guys - with Consensus 2017 coming closer and being one of the industy's biggest events, I thought it would be a good idea to have a seperate thread to share infos from events/demos/speakers the next two days.
    To all the Ripple folks: ENJOY THE CONFERENCE, HAVE FUN AND PLS TELL EVERYONE HOW AWESOME OUR MOST FAVOURITE CRYPTOCURRENCY IS 😎✌🏻
  16. will4star liked a post in a topic by thunderw in Ripple is Aligned with Us!   
    @JoelKatz great talk today! Thank you! Enjoyed the Periscope live stream 💥🚀🎉
  17. will4star liked a post in a topic by thunderw in Ripple is Aligned with Us!   
    @JoelKatz great talk today! Thank you! Enjoyed the Periscope live stream 💥🚀🎉
  18. will4star liked a post in a topic by thunderw in Ripple is Aligned with Us!   
    @JoelKatz great talk today! Thank you! Enjoyed the Periscope live stream 💥🚀🎉
  19. thunderw liked a post in a topic by JoelKatz in Ripple is Aligned with Us!   
    I agree. But what will naturally happen is that people who don't know what currency they'll need next may choose to hold XRP so they only have half the cost of going into XRP just to go out again. Similarly, the market makers waiting to buy assets with XRP have to hold it until that happens. If there are lots of such market makers, the total amount held could be much greater than the volume. These could cause a huge increase in demand.
  20. thunderw liked a post in a topic by Dennis in Who is Eric wasserstrom?   
    omg lol.  you guys have some serious sleuthing skills
  21. thunderw liked a post in a topic by Bejzbox in Who is Eric wasserstrom?   
    Who is Eric Wesserstrom who should be sitting in empty seat next to Miguel Vias?  Maybe a clue to whats going on?
     
     
     
     
     
     


  22. thunderw liked a post in a topic by Eik in This is an interesting number...   
    @nikb tweeted on Ripple's talks on Consensus. Here is an interesting figure:
    In a lot of posts, people try to estimate the future value of XRP based on e.g. the yearly remittance demand or the total forex volume, etc. A bit hocus pocus if you ask me.
    This number however is very interesting as it really goes to the core of what ILP and RCL are actually doing: instead of money 'floating in transaction accounts globally', it transfers exactly this type of money, but then over ILP/RCL and settles it in just seconds.
    Now comes the hocus pocus (don't worry, it will not end in a 'So XRP future price will be XYZ'. Come to think of it, maybe I should only say this at the end of the post to keep readers interested though... hmmm, well, next time better):
    Assuming average settling time of 4 days (I think 3-5 days is always mentioned), 27 trillion USD in 4 days equals 78 million USD per second. Furthermore assuming all transactions are processed by ILP and 1/1000th to 1/100th of all transactions go through RCL (just a random number JK once mentioned) There will go a total of 0.3 to 3 million USD through RCL every single ledger.
    Now someone else to take over what that means for required the liquidity on RCL.
  23. thunderw liked a post in a topic by Xi195 in CONSENSUS 2017   
    Stefan's talk is standing room only. The ballroom next door which is the same size has approximately 50 available seats. Lots of good metrics comparing RCL to Ethereum, Bitcoin, ETC. 
     

  24. LetHerRip liked a post in a topic by thunderw in "XRP" Ripple defeated by Ethereum?   
    OMG guys..pls stop being so f scared with every little pullback. Ethereum is HYPE. They have added 86 companies to their alliance. Are they supposed to buy ETH now? How many of those are buying or planning to buy ETH? 
    How many banks does Ripple work with? 150+ !?! Some of them actually started using XRP already (see JoelKatz confirmation). XRP once again miles ahead of everyone else, and market WILL appreciate it, sooner or later.
    Some of us should stop being so scared all the time. Have trust in the folks at Ripple. It's a remarkable company with so bright people. They moved XRP from 0.005 to 0.300 now, in a matter of months. Let us give XRP a breather. It will dominate the whole market, I'm more certain o this today than I ever was.
  25. Max Entropy liked a post in a topic by thunderw in I'd like to take over xrpchat   
    @karlos this seems like a rather emotional act, closing without any kind of pre-announcement, right at Consensus taking place...
    What is your agenda? If you want to be paid, you should have just started the conversation.