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ADingoAteMyXRP

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  1. Cool, looks like that was Danny Aranda (Ripple) asking the question! Tbh Sharafian’s response was more about “how does Coil survive if there are competing businesses leveraging the same XRP api’s?” My question is more around... “How does the ecosystem develop at all with a lock-in subscription and a limited value proposition for the consumer?” I guess I’ll create a reddit account and submit that for the AmA.
  2. My question for Stefan: As Coil has stated in the past, the goal of web monetization via ILP is to solve the problem of web monetization without resorting to customer lock-in. Given that lock-in is one of the main problems being solved by the use of ILP... what led to the decision to build Coil around a $5 monthly lock-in approach? Is this step one in a longer process, or will Coil remain yet-another-content-gate?
  3. There are plenty of people paid to create FUD but if Ripple’s “Community Strategy” is any precedent, there is $0 spent on retail marketing. Unfortunately.
  4. No doubt — for any other startup. But this is not a company, it’s a currency — and the technology (or a competitors blockchain) will take over finance the way MP3s/streaming took over the CD market. The metaphor I use... The year is 2000. Kids are sharing MP3s online, but no one is relying on them as a source of income yet. Effectively what we’re asking is: “what % of music listening will be digital in 11 years? What does that adoption curve look like?” I think we’re going from somewhere around 0.01% of finance to somewhere around 25% in the next 10 years. We are early, and the growth will be exponential. In my opinion XRP is best positioned to come out on the top of that wave.
  5. The other solution is to create laws or tech that would FORCE people to spend some percentage of their XRP over the course of a given year on goods and services, thereby keeping the economy rolling and slowing deflation.
  6. Interesting! It’s not a permanent solution, but it would give them about 40-50 years of runtime at a standard inflation rate. I wonder if Ripple could be forced to hand over any of their stash to IMF/governments if XRP becomes too valuable. There are all kinds of legal questions there... but it might become necessary if we hit reserve-currency status.
  7. Another reason "Shane Ellis Theory" is ridiculous: The reason markets are liquid around the current price and not hundreds of dollars above it is because -- news flash! -- current price is where successful orders are likely to happen. If we climbed up 20 cents, a new set of market orders (buy and sell) would crop up, as people sought to place successful orders. This isn't rocket science.
  8. It’s a great question, and I agree it’s worth asking (if he worded it better). Just as with any asset price, there’s a risk that the price of XRP could suddenly crash. It’s unlikely without major economic problems presaging it... but that’s another topic. To adjust the question a bit: “What happens if we’re at full utility and XRP simply stops working?” My answer would be: this is why we have ILP. Yes, international liquidity would take a nosedive as market makers adjusted their holdings, but as long as there are profits to be had, MMs will transition to some other digital asset (or set of them). That’s the beauty of ILP — it is agnostic to currency types. If a bank is relying solely on Ripplenet in the future, however, without an ILP integration, then of course the risk is higher. But that’s why it’s important to de-risk and create alternate flow paths. The scarier question IMO... and I worry THIS is what the guy meant: What if XRP is fully successful as a liquidity token, to the point where its value as a deflationary savings asset begins to pull significant value from inflationary fiat currencies? What if the “run on Ripple” is a scenario where the retail market pulls out of EUR / USD etc in favor of an asset that’s shooting up in price? It’s a bigger hypothetical, but certainly possible. Could XRP’s success cause a deflationary spiral? I think we (and governments) underestimate the disruption that could be coming. When central banks don’t control the money supply, it lacks flexibility and has a harder time responding to change. I’m not saying this is likely to happen, but since most digital assets are using a max-supply framework, it’s one possible outcome.
  9. Yep! It means markets are deeper, which is good news for the liquidity-token use case. More buying and selling.
  10. Yep, the Bakkt announcement and Fidelity are both driving this somewhat! But even if they weren't I could still see a pump like this occurring. The market is like a giant wave pool driven by social proof. Sometimes it's down, sometimes it's up... it's more likely to change than remain stable. TA pretends to turn this into a science, but TA is glorified palm-reading. If it worked, hedge funds would be making 5 percent a day. Maybe at some machine-level of expertise there's a few basis points of preference you could track through past behavior, but it's not going to be visible in a graph. Honestly... this pump is nothing compared to the utility case. You have to remember, any money coming into crypto right now is play money for companies like Fidelity, even if it drives market change. Imagine what happens when core services pass through crypto...
  11. "We at Universal Music Group hereby announce a ban on MP3s making it illegal to trade them on KazAa Lite as well as Soulseek."
  12. Yes! I can’t echo the above positivity loudly enough. The space we’re invested in is far from mature, in every way. But there are two important thing to remember when it comes to price: 1) Speculation is fun but it’s not utility. The investors in this space are not pros... and even if they were, pros can be wrong. Tesla is a controversial example, but a few weeks ago they announced feature-complete self driving and software delivery by EOY, robotaxi rollout when regulation comes down, and they have the largest fleet on the road by far. They’re 3 years ahead of the competition in every way, in a space with exponential technological growth that will leave others in the dust. What happens to their stock price? Nothing. Nobody knows anything. XRP is undervalued. 2) The ceiling for digital assets is truly unknowable. $0.30 is the XRP price today, and xRapid usage is hovering around... what... maybe a million USD a day max? Meanwhile Ripple and others are targeting multiple trillions a DAY in liquidity. That’s a MILLION times current payment volume, or more. Think about what happens to price if those flows pass through XRP. I think targets of a few hundred dollars are too high in the short term, but they are wildly, WILDLY underrating the potential value in the longterm. Imagine every bank on the planet holding 5% of their assets in XRP, and every market maker and corporate buying up huge amounts of the best liquid reserve. 3) And further down the line, once all global trade passes through crypto on the way to its destination, what happens when everyday people realize crypto is more value-stable than any fiat? Why have fiat at all? We are EARLY. This is not a normal stock investment — this is DIFFERENT. This is a universal currency. I tend to aim higher on price than most here, but I don’t think there’s a ceiling on price to be honest. Maybe we’re invested in the wrong coin, but what if we’re not?
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