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ADingoAteMyXRP

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  1. The point is less relevant than the title. The way trolls typically operate is to tack highly negative titles onto moderate threads and generate conversation and arguing through sealioning and hypotheticals. The goal isn’t to create good conversation, it’s to keep a high-ranking thread with a negative title at the top of the list to scare away potential investors since titles are many many times more visible than thread content. And... here I am contributing to that. No way to tell if OP is a troll btw, but it’s a real tactic that’s deployed in misinformation campaigns, and it’s likely happening in XRPChat. There’s been an influx of trolls since January, which represents a new calendar year and probably fresh budgets for some organizations.
  2. I certainly don’t consider myself a wiser head, but I will say that until Ripple starts messing up I’m sticking around and am excited about XRP. If they start making major mistakes that’s when I’ll get worried. Their vision has been so strong and they’re so forward thinking that I have some faith. Google is an example of a public company that, while they’re not always the most ethical player, is still investing in the right stuff and achieving incredible things. I think Ripple could wind up fitting in those clothes.
  3. Sadly I agree with a lot of these sentiments. Public companies are simply different — in behavior, in motivation, in (obviously) who owns them. No one understands the value of digital currencies better than the people who control Ripple today. As soon as they become profit motivated I’m concerned they will begin (and I feel weird even typing this) dumping in earnest. Partnerships and profit will become more important than vision and values. It won’t happen instantly but within a couple years leadership will have vested and be able to run with a truckload of cash. Or maybe they’ll be different! One can only hope.
  4. I can’t muster much more for trolls these days than a simple “go away.” Hope that keeps you fed until the IPO.
  5. I would bet Moneygram has set some kind of a ceiling for this early period to give their data science team a good sample to analyze the advantages of these flows. Why? So they can share some bulletproof A/B tested impacts of ODL. Especially for Ripple, Moneygram would be a gold-standard case study. It’s one thing to sell a product as better — a whole other thing to be able to point to real world at-scale usage and say “their costs went down by X% compared to standard flows.” Once they prove it out the sky’s the limit.
  6. Wow... it's ALMOST as if LinkedIn only lets you set one company as your "Present" job. But that would be way too obvious. I bet there's a conspiracy of actual demons causing two people to set up their linkedin profiles in confusing ways.
  7. @popeji There’s a lot of good info on the forum about liquidity, market making and XRP price worth searching around for. In general, liquidity leads to a stronger price because it means more market makers enter the trading side and begin buying XRP in order to participate in the system. They earn money from spreads, not from volatility.
  8. There's a ton to chew on in this interview. I'm struck that he mentioned they've been busy recently working with Singapore, especially in the context of Swell / Swift testing. 2020 could be huge.
  9. On the Coil front, I've been a vocal critic of Coil for a while unfortunately. I think they're taking groundbreaking tech (P2P streaming payments) and wrapping it in a monthly subscription that offers no real value add for consumers. My fear is that they'll waste too much time trying to make a bad business model work even though the tech is incredible. One major advantage of micropayments is that they could enable consumers to make the payments themselves via their own wallets, rather than being handcuffed to minimum spends by credit card costs. That is after all the use case that's being unlocked: digital ownership. So why are we placing yet another company in the middle? Subscriptions solve the micropayments issue by bundling those consumer payments into monthly spends. I'm saying we need to unbundle now that we have the freedom to. The first step is not a $5 subscription that even XRP fans won't pay right now. The first step is integrating payment platforms with ILP and permitting users to route small payments directly. To be fair, many Coil-like services will develop over time, but the "one service to rule them all" model is antithetical to the concept of the internet of value. What's more, looking at the numbers it has failed to take off -- which is why Coil is offering so much XRP via the boost program. I want them to learn from that failure because I want to see them succeed.
  10. This is simply a lie. The USD/MXN ODL corridor is regularly doing $3.5M USD equivalent, and will only go up from here. They're starting slow -- but even slow is an enormous amount of money: https://utility-scan.com/#/dashboard
  11. This brings up a great point, and it’s one of the things Tidal was trying to fix (unsuccessfully). Artists rarely make enough to live on from Spotify due in part to something called breakage. In the early days, labels negotiated for themselves a portion of breakage in subscriptions. If you pay Spotify $9.99 a month and only consume $2.00 of music, that’s $8 of breakage that gets dispersed between Spotify and their label partners. (This is vastly oversimplifying since there are a ton of other costs involved). What this means is that a label can make money whether or not their artists have streams, but the scummy part is that breakage doesn’t always get redistributed to their artists. The issue is that there’s a certain value to the accessibility of the music whether or not you stream it. I rarely listen to classic rock but if Spotify didn’t have any classic rock their offering would be much less enticing to me, in the off chance that I go through a Hendrix phase. So should the Hendrix estate earn money from my subscription? Unequivocally yes. Do they? Probably a little but not nearly enough. Cutting out the middleman via blockchain and crypto would allow a piecemeal industry to fully engage in wider ecosystem dynamics without being dependent on a middleman like Spotify to arbitrate the financial rulemaking. Systems can operate that more fully reimburse artists for their participation, and with crypto these transactions can take place in real time with full auditing visibility. In my mind this is a long term thing (5-10 years), but it starts with smart contracts built by labels or individual artists that can track consumer ownership/subscruption to media assets. Getting everyone to agree on one standard format will be the hard part. We may eventually wind up with a kind of ILP for recordkeeping.
  12. Not a Xpring project bud. Xsongs is just a site built by Ripple's Director of Product in his spare time. Xpring does however support Raised in Space, run by former head of BMG. They're investing in music industry projects TBA: https://raisedinspace.com/
  13. Most exchanges require you to authorize each of the payments to avoid legal/regulatory risks. I'm unaware of any platforms that would let you set recurring monthly transactions -- but one may exist. In general I wouldn't recommend doing this for any asset class (besides Netflix of course).
  14. Yes yes. All very natural and organic. An avalanche of new accounts created in a bear market that exclusively spread FUD, in the year XRP went from a great idea to launching ODL and enabling millions a day in transfers -- the first large-scale blockchain use case in production. The year Ripple earned its place as one of the first decacorn startups in history. I understand that the price is lower than last year, but that's because the entire market is down in the last three months. This fact doesn't make "RIPPEL DUMPY DUMP" or "RETIRE MAN GO AWAY" coherent arguments, or arguments at all, and they don't belong on a site like this. You're doing it to scare away newcomers, and many of you are being paid to post it. My advice to you is to get new jobs.
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