thunderw

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  1. Hodor liked a post in a topic by thunderw in Why sell xrp to individuals?   
    I'm super curious to see those not-yet-public liqudity strategies! 
  2. IAMGROOT liked a post in a topic by thunderw in $27 Trillion Market - Bank DLT and Blockchain Insider Claims Ripple Pivoting Away from XRP   
    I know it's hard and annoying, but we really HAVE TO FIGHT THE FUD. I personally can't ignore seeing people mislead other people in front of my eyes. I'm doing my part on Twitter, and I thank everyone who is doing his part (on twitter, reddit, xrpchat etc) as well. And a special thanks to @JoelKatz for taking his time, it is incredibly valuable and means a lot for XRP holders to have you.
  3. Hawky liked a post in a topic by thunderw in Blockchain Consortium Picks IBM for trade finance platform   
    It's just for trade finance..and the payments part of trade finance is not even considered in the first place. And in the end it's 7 banks, whereas Ripple is already at 75+ . It's getting more and more difficult to successfully build networks/consortia, as the early ones (like Ripple) are seeing actual network effects already 
  4. thunderw liked a post in a topic by Fanust in Same 'ol XRP use case FUD... or legit "insider" warning?   
    JP morgan Leaves R3,  founder of R3 has 30 years of wall street experience.
     
     
    the rest is ****
  5. thunderw liked a post in a topic by Idonthasno in Same 'ol XRP use case FUD... or legit "insider" warning?   
    Why do people spend time commenting on something they don't believe in? Are they really trying to save us from ourselves? I don't follow or write about things I'm not interested in or don't believe in, so it amazes me when I read this stuff. I can't help but wonder about what motivates such a person. 
  6. thunderw liked a post in a topic by Graine in Same 'ol XRP use case FUD... or legit "insider" warning?   
    One word: SBI. 
    I wanted to stop reading right there, but went on. Well, good luck to that guy and his R3 implementation. 
  7. thunderw liked a post in a topic by Beltane in Same 'ol XRP use case FUD... or legit "insider" warning?   
    I will add this also, I'm starting to use XRP to move my money between exchanges since it's faster and cheaper than BTC and liquidity is good enough. People can be as close minded as they want, but if at the end of the day they are saving money by using XRP they will use XRP.
  8. thunderw liked a post in a topic by Beltane in Same 'ol XRP use case FUD... or legit "insider" warning?   
    So Ripple is holding ~60% of the total XRP but they don't work for XRP holders? So they don't work for themselves? I really don't see the logic in this whole argument, but as he says... carry on, I guess.
  9. Karel liked a post in a topic by thunderw in Ripple - Could Displace Bitcoin, if...   
    In my view a path for XRP to overtake Bitcoin (which should take place at step 2 at the latest) could be as follows:
    1) Japanese bank industry going live on ILP in Q3
    2) truly institutional (ILP) payment volume for the first time, especially in JPY vs more esoteric currency corridors (XRP volumes to already pick up given Ripple's market maker incentive scheme)
    3) quite a few JPY corridors are 'sucked in', so other market participants are almost 'forced into' the ILP universe as 'traditional-world' market volumes decline in those corridors
    4) bigger payment volumes in that corridor introduce more market makers, resulting in tighter (XRP) spreads, which in turn attract more payment providers to join the ILP universe
    5) more payment providers/higher payment volumes introduce new inefficient currency pairs that Ripple can target via their market maker incentive scheme
    6) which gets you again to 2) for this new currency pair
  10. Karel liked a post in a topic by thunderw in Ripple - Could Displace Bitcoin, if...   
    In my view a path for XRP to overtake Bitcoin (which should take place at step 2 at the latest) could be as follows:
    1) Japanese bank industry going live on ILP in Q3
    2) truly institutional (ILP) payment volume for the first time, especially in JPY vs more esoteric currency corridors (XRP volumes to already pick up given Ripple's market maker incentive scheme)
    3) quite a few JPY corridors are 'sucked in', so other market participants are almost 'forced into' the ILP universe as 'traditional-world' market volumes decline in those corridors
    4) bigger payment volumes in that corridor introduce more market makers, resulting in tighter (XRP) spreads, which in turn attract more payment providers to join the ILP universe
    5) more payment providers/higher payment volumes introduce new inefficient currency pairs that Ripple can target via their market maker incentive scheme
    6) which gets you again to 2) for this new currency pair
  11. Karel liked a post in a topic by thunderw in Ripple - Could Displace Bitcoin, if...   
    In my view a path for XRP to overtake Bitcoin (which should take place at step 2 at the latest) could be as follows:
    1) Japanese bank industry going live on ILP in Q3
    2) truly institutional (ILP) payment volume for the first time, especially in JPY vs more esoteric currency corridors (XRP volumes to already pick up given Ripple's market maker incentive scheme)
    3) quite a few JPY corridors are 'sucked in', so other market participants are almost 'forced into' the ILP universe as 'traditional-world' market volumes decline in those corridors
    4) bigger payment volumes in that corridor introduce more market makers, resulting in tighter (XRP) spreads, which in turn attract more payment providers to join the ILP universe
    5) more payment providers/higher payment volumes introduce new inefficient currency pairs that Ripple can target via their market maker incentive scheme
    6) which gets you again to 2) for this new currency pair
  12. Karel liked a post in a topic by thunderw in Ripple - Could Displace Bitcoin, if...   
    In my view a path for XRP to overtake Bitcoin (which should take place at step 2 at the latest) could be as follows:
    1) Japanese bank industry going live on ILP in Q3
    2) truly institutional (ILP) payment volume for the first time, especially in JPY vs more esoteric currency corridors (XRP volumes to already pick up given Ripple's market maker incentive scheme)
    3) quite a few JPY corridors are 'sucked in', so other market participants are almost 'forced into' the ILP universe as 'traditional-world' market volumes decline in those corridors
    4) bigger payment volumes in that corridor introduce more market makers, resulting in tighter (XRP) spreads, which in turn attract more payment providers to join the ILP universe
    5) more payment providers/higher payment volumes introduce new inefficient currency pairs that Ripple can target via their market maker incentive scheme
    6) which gets you again to 2) for this new currency pair
  13. Hodor liked a post in a topic by thunderw in Why sell xrp to individuals?   
    I'm super curious to see those not-yet-public liqudity strategies! 
  14. thunderw liked a post in a topic by JoelKatz in Why sell xrp to individuals?   
    I agree. But if we're successful in getting ILP broadly deployed, wherever we're able to create the liquidity, the volume will follow immediately.
    Take a look at steps 3 and 4 here:
    We also have other strategies to bootstrap liquidity and volume in targeted corridors and strategies for selecting corridors. But we're not ready to make that public yet.
     
    No. ILP is a protocol like HTTP or TCP. You can run as many instances of it as you want all over the place and they don't affect each other. It has horizontal scalability.
  15. thunderw liked a post in a topic by Kakoyla in SBI earnings call transcript   
    https://finance.yahoo.com/news/edited-transcript-8473-t-earnings-160224293.html
    Full Year 2017 SBI Holdings Inc Earnings Call
    Tokyo May 4, 2017
    credit: https://bitcointalk.org/index.php?topic=1381669.msg18830527#msg18830527
     
    Lots of info, XRP mentioned 3x. Confirms slides that were going around a few weeks ago
     
    For Virtual Currencies -- SBI Virtual Currencies, this summer, we will finally be scheduling the launch. We will do bitcoin. XRP will be handled here as well and other types of regional currencies. And also fixed rate type of currencies are what we would like to carry. For example, it might be fixed at JPY 1. And we would like to also create SBI coins, and we have all these dreams and ideas in place right now in the world. We would like to create unprecedented market through this launch.
     
    Also
     
    And for that, we plan to introduce some mechanism: bring about remittance revolution by building next generation remittance system in Japan and make it a global standard. It's about SBI Ripple Asia. The SBI Group has 60% stake, Ripple 40%. And we also invest 11.3% in Ripple.
    Internet protocol, or rather ILP, Interledger Protocol, that is drawing a lot of attention, it is not based on blockchain. It's unlike bitcoin. It's very fast. The process is done within 1 second to complete processing. It's much faster and better than using bitcoin. But of course, cost should be lower. And for that, I think the best way is to use XRP, to use Ripple's coin. And with that, you can reduce cost.
    If you use only the Ripple cost, the reduction is only 33%. But if you use Ripple system and virtual currency XRP, you can reduce cost by 60% and as announcement by Ripple. And in the case of Japan, I think you can reduce cost even more to 1/10 of the current level.
    So we established the Japan Bank Consortium and SBI Group is serving as the secretary for that. And by applying distributed ledger technology, we are trying to centralize domestic and foreign exchanges. And then the time and convenience for remittance and actual cost will significantly reduce. And it will be 24 hours a day, real-time basis settlement becoming available. And for that consortium, there are 56 banks participating in the consortium. It is increasing. And now it has achieved 56 banks' participation.
    So we are now reviewing systems development, operation risk and standardization. Mizuho is one of the first participants, and BTMU is going to participate as well. Mitsubishi-Tokyo UFJ -- Bank of Mitsubishi-Tokyo UFJ is going to participate. And Mitsubishi and the Trust Bank and Norinchukin and also Resona Bank is also participating in this consortium.
    And in Japan, it is about RC Cloud. And it's going to be Japan originated, and the first in the world attempt in RC Cloud is cloud-hosted platform, a unified platform using Ripple's solution. And from summer -- winter this year, the commercial use of cross-border payments will start. And with that, the remittance cost will go down significantly and remittance revolution will happen. And there are new 10 financial institutions participating in the global payments network of Ripple, and [MUFJ] is part of it. And 75 -- over 75 banks are participating.
    And as to GPSG, the Mitsubishi-Tokyo UFJ, the BTMU -- I'm sorry, Bank of Tokyo-Mitsubishi UFJ is participating. The total of 7 banks are participating to accelerate the commercial usage of the Ripple's system.
    Number four, establish SBI Regional Bank Value Creation Fund and help regional FI to revitalize regional economy. And we have many alliances with regional FIs as well as financial institutions both at home and abroad. So in addition to that basis, the bank -- the Japan Bank Consortium now has 41 regional banks, including second-tier, and 28 banks are participating in regional financial -- the FinTech Fund for the regional financial institutions. And the relationships will be much more closer among them.
    And with JPY 100 billion size, a new fund will be established, which is going to be the Regional Bank Value Creation Fund. This is to resolve all the problems faced by the regional banks. It's more than JPY 100 billion fund. If we create such a thing, effective usage of the capital can be done where the situation between banks that are cross-holding their shares that can be resolved once. And then the capital will be effectively used. And with that, they can aggressively implement FinTech.
  16. thunderw liked a post in a topic by Rehtori in Ripple's Stefan Thomas to speak tomorrow at #Money2020. Attendees: Google, Apple and 100+ banks.   
    I don't know what to think about this. Somehow is was hoping Ripple to have bigger role in Money 20/20.
    But. It's not all about stages. Those face-to-face connections are more important than 15 minutes of stage-fame.
  17. IAMGROOT liked a post in a topic by thunderw in $27 Trillion Market - Bank DLT and Blockchain Insider Claims Ripple Pivoting Away from XRP   
    I know it's hard and annoying, but we really HAVE TO FIGHT THE FUD. I personally can't ignore seeing people mislead other people in front of my eyes. I'm doing my part on Twitter, and I thank everyone who is doing his part (on twitter, reddit, xrpchat etc) as well. And a special thanks to @JoelKatz for taking his time, it is incredibly valuable and means a lot for XRP holders to have you.
  18. thunderw liked a post in a topic by Live4xrp in Al Rajhi Bank Completes Transaction Using Blockchain Technology - Ripple   
    Al Rajhi Bank (ARB), the world’s largest Islamic Bank, has completed a secure, cross-border money transfer using Ripple Blockchain Technology. This successful transaction marks the first time the technology has been used in Saudi Arabia.
    The Kingdom of Saudi Arabia is the 2nd leading country for remittance in the world. Al Rajhi Bank specifically is the leading bank in the region for remittances, with over 200 remittance centres across the Kingdom. The Bank is working closely with the Saudi Arabian Monetary Agency to make such technologies widely available to its retail and corporate customers.
    http://www.alrajhibank.com.sa/en/media-centre/news/pages/blockchain.aspx
    To my knowledge not been posted sofar....
  19. thunderw liked a post in a topic by kanaas in Predict Price of XRP At End of Money20/20   
    Without news .... 0.31
    With fluff news .... 0.29
    With real good news .... 0.25
     
  20. xh3b4sd liked a post in a topic by thunderw in XRP Research Reward Program   
    Hi guys , something just came to my mind. What do you think of:
    Ripple to announce a "XRP Research Reward Program"
    - open to everyone (private persons, scientists, professional researchers, journalists etc), people can send a copy of their masterpiece/article/writeup to a specific Ripple mailbox.
    - once every month, Ripple pre-selects the 5 most insightful/interesting
    - Ripple let's the community vote the winner
    - the winner is going to be rewarded with, let's say 100k XRP or so.
    It's a strong, ongoing incentive for people to familiarize with the concept of XRP,  do a high quality analysis, and advertize their masterpiece in the voting process - but most importantly, it's fun!
    cc'ing @JoelKatz @nikb @warpaul for thoughts
  21. IAMGROOT liked a post in a topic by thunderw in $27 Trillion Market - Bank DLT and Blockchain Insider Claims Ripple Pivoting Away from XRP   
    I know it's hard and annoying, but we really HAVE TO FIGHT THE FUD. I personally can't ignore seeing people mislead other people in front of my eyes. I'm doing my part on Twitter, and I thank everyone who is doing his part (on twitter, reddit, xrpchat etc) as well. And a special thanks to @JoelKatz for taking his time, it is incredibly valuable and means a lot for XRP holders to have you.
  22. IAMGROOT liked a post in a topic by thunderw in $27 Trillion Market - Bank DLT and Blockchain Insider Claims Ripple Pivoting Away from XRP   
    I know it's hard and annoying, but we really HAVE TO FIGHT THE FUD. I personally can't ignore seeing people mislead other people in front of my eyes. I'm doing my part on Twitter, and I thank everyone who is doing his part (on twitter, reddit, xrpchat etc) as well. And a special thanks to @JoelKatz for taking his time, it is incredibly valuable and means a lot for XRP holders to have you.
  23. thunderw liked a post in a topic by JPP in Anything happening in July 2017 for Ripple/XRP?   
    Hey guys, I just wanted to know if there will be anything happening during July regarding Ripple/XRP? I have heard some stuff about banks in Japan but I am not sure. Please help me out 
  24. IAMGROOT liked a post in a topic by thunderw in $27 Trillion Market - Bank DLT and Blockchain Insider Claims Ripple Pivoting Away from XRP   
    I know it's hard and annoying, but we really HAVE TO FIGHT THE FUD. I personally can't ignore seeing people mislead other people in front of my eyes. I'm doing my part on Twitter, and I thank everyone who is doing his part (on twitter, reddit, xrpchat etc) as well. And a special thanks to @JoelKatz for taking his time, it is incredibly valuable and means a lot for XRP holders to have you.
  25. IAMGROOT liked a post in a topic by thunderw in $27 Trillion Market - Bank DLT and Blockchain Insider Claims Ripple Pivoting Away from XRP   
    I know it's hard and annoying, but we really HAVE TO FIGHT THE FUD. I personally can't ignore seeing people mislead other people in front of my eyes. I'm doing my part on Twitter, and I thank everyone who is doing his part (on twitter, reddit, xrpchat etc) as well. And a special thanks to @JoelKatz for taking his time, it is incredibly valuable and means a lot for XRP holders to have you.