Jump to content

slinuxuzer

Bronze Member
  • Content Count

    285
  • Joined

  • Last visited

  • Days Won

    1

Reputation Activity

  1. Like
    slinuxuzer got a reaction from XRPfan_Eelco in Santander Impact - OnePayFX   
    I think the two biggest components in Ripple/XRPs favor here are 
     
    1. The fees - I live in Texas and we have a large Mexican immigrant population and my whole life I've seen these people line up at Western Union terminals on pay day to send money home, if you are one of them and you busted your ass all week to send that 50$ home, believe me spending 12$ or whatever to do it, versus spending just 50 cents to do it is a no-brainer.
     
    2. No longer going into the store - I realize the incumbents are launching this capability, but the service offerings don't seem to have feature parity with what you can do in the retail outlets, possibly because they want to protect their retail partners? But sooner or later the vast majority of customers will demand being able to pay over their phone. I see this as similar to the Amazon effect, no one wants to wait, no one wants to fight traffic, just to fight the mob at Wal-Mart. 
  2. Like
    slinuxuzer got a reaction from XRPfan_Eelco in Santander Impact - OnePayFX   
    At this point I am sure most of you have seen the demo video posted on the official Ripple YouTube channel, if you haven't then I'll post the link at the end of the thread. I've spent a lot of time thinking about exactly what the actual impact of the application will be. The thought I have is this, Iphone was a total game changer for a few reasons - it was easy to use, allowed the proliferation of mobile applications, digitized music, and allowed you to use internet on your mobile, yes other phones allowed internet use, but most of them (blackberry) were more or less unusable for internet. Fast forward from 2009 to today and damn near everyone uses Iphone or a competitor that offers all the same functionality, more or less.
    Santander has stated they want to take OnePay FX worldwide, in 2009 this would have meant opening up thousands of agent locations at brick and mortar outlets and following the legacy model of Western Union, MoneyGram etc. Today this is as simple as meeting the various regulatory requirements to operate in XYZ countries (Santander is already in 31 countries and has 102 million customers), then launching an application / service that can be downloaded on your phone. 
    So soon there will exist a service that
    Provides the cheapest remittances Is available worldwide to anyone with a smart phone and a funding source Doesn't require you to go to an agent location in person Sends money in a matter of minutes Is offered by one of the largest banks in the world (16th I believe) Yes I realize at this point only xCurrent has been confirmed, and I won't start the conspiracy mill here, but I personally do believe the road map for this service will be to use xRapid for one-hundred percent of transactions in the future, why do I believe this, because why wouldn't you ?
    What will be the net impact on XRP, your guess is as good as mine. What I will speculate is this, if this service is launched and marketed properly, I think this could turn the entire remittance market on its head in a very short amount of time. How much market share would the incumbents need to lose over a 12-24-36 month period to be forced to react? Not much is the answer, corporations and stock holders demand growth, and when they are handed shrinkage instead executives get replaced.
    https://en.wikipedia.org/wiki/Banco_Santander
     
     
     
     
     
  3. Like
    slinuxuzer got a reaction from Ripple-Stiltskin in The rumour mill...does it ever end?   
    I agree with you, there won't be an "instant moon" moment, the next milestone to watch / wait for is the announcement that xRapid is in full production. My quick cursory (no math performed) estimate is that avg. daily XRP trade volume is below 500m$ over the past two or so years.
     
    So once xRapid goes live, the next milestone to watch will be when the avg daily volume starts staying above 1 billion daily, then 1.5, then 2 billion - somewhere around those milestones I think we'll start to see any and all market manipulators washed out of the pool (if they actually exist) - then at some point when we hit around 5$ per XRP AND the manipulators can no longer exert control, then we'll see unbridled FOMO, but even this won't be instant, it'll happen over 24 - 36 months. BTC/ETH took years to grow to where they are now, XRP needs time to grow too.
  4. Like
    slinuxuzer got a reaction from XRPRJB in Ripple CEO: Expect dozens of banks to use our cryptocurrency...CNBC   
    Didn't start following Ripple two months ago though, but there you go with the assumptions again. Ass|U|Me
  5. Haha
    slinuxuzer got a reaction from XRPage in Ripple CEO: Expect dozens of banks to use our cryptocurrency...CNBC   
    Dude, we are talking about Brad Garlinghouse, not BearGuy - and unless you're a developer for Ripple, then you're opinion as a developer isn't really relevant here.
  6. Like
    slinuxuzer got a reaction from nicktemple in Former SEC chair represents Ripple in Lawsuit   
    I doubt this is the case, but wouldn't it be funny if this was all orchestrated so that a court could actually deliver an opinion on the whole security vs. not a security argument?
  7. Like
    slinuxuzer got a reaction from Trader-to-the-Crown in Former SEC chair represents Ripple in Lawsuit   
    I doubt this is the case, but wouldn't it be funny if this was all orchestrated so that a court could actually deliver an opinion on the whole security vs. not a security argument?
  8. Like
    slinuxuzer got a reaction from AlbertStroller in Former SEC chair represents Ripple in Lawsuit   
    I doubt this is the case, but wouldn't it be funny if this was all orchestrated so that a court could actually deliver an opinion on the whole security vs. not a security argument?
  9. Like
    slinuxuzer got a reaction from orcablue in Former SEC chair represents Ripple in Lawsuit   
    I doubt this is the case, but wouldn't it be funny if this was all orchestrated so that a court could actually deliver an opinion on the whole security vs. not a security argument?
  10. Like
    slinuxuzer got a reaction from XRPRJB in Ripple CEO: Expect dozens of banks to use our cryptocurrency...CNBC   
    Dude, we are talking about Brad Garlinghouse, not BearGuy - and unless you're a developer for Ripple, then you're opinion as a developer isn't really relevant here.
  11. Like
    slinuxuzer got a reaction from GiddyUp in SBI VC: 1 week planned maintenance. Are they going to open?   
    So this is what google translates, we all know the translation engine isn't perfect, it says "maintenance of VCTRADE is done" this could easily actually say "is being done" in Japanese, seems illogical to me that they had an entire week maint. window and finished it on the first day.
     

  12. Like
    slinuxuzer got a reaction from Amigo in SBI VC: 1 week planned maintenance. Are they going to open?   
    I would say with a one week maintenance window that is a sign they are preparing for production launch, in the IT space, that is one hell of a long maint. window.
  13. Like
    slinuxuzer got a reaction from Tinyaccount in SBI VC: 1 week planned maintenance. Are they going to open?   
    I would say with a one week maintenance window that is a sign they are preparing for production launch, in the IT space, that is one hell of a long maint. window.
  14. Like
    slinuxuzer got a reaction from BabyNeedsShoes in XRP at 589$ = 23 000 000 000 000$ market cap   
    That math assumed someone paid 589$ for every single token, what about all the people who bought on the way up? That's one of about 50 reasons your math is wrong.
  15. Like
    slinuxuzer got a reaction from NorseBizxrper in XRP at 589$ = 23 000 000 000 000$ market cap   
    That math assumed someone paid 589$ for every single token, what about all the people who bought on the way up? That's one of about 50 reasons your math is wrong.
  16. Thanks
    slinuxuzer got a reaction from jbjnr in Will The Federal Reserve Use Ripple?   
    The Faster Payments task force is promising for Ripple, but I wouldn't expect any wiz bang news out of this "Governance Framework Draft" - I think you guys are missing a few points.
    First, the solicitation from the Faster Payments task force specified many criteria that are desirable in a faster payments ecosystem / solution and allowed proposal responses that only partially satisfied the requirements of the solicitation, they allowed this because it was unlikely that any one solution would meet all the requirements of the solicitation. Sixteen proposals were down selected, but only two were marked as meeting the requirements for cross-border payments, of which Ripple was one. I assume that two was the minimum for any category or requirement, the government does not want to be seen as picking winners and losers in the market place, the faster payments task force made this clear.
    Second, what is being released is a "Governance Framework Draft" that is being made available for stake holders (Visa, MasterCard, Wal-mart) who have a vested interest in the payments space to provide their feedback in regards to the draft. A Governance Framework will describe how the working group will reach consensus on decisions in regards to how, when, and why to implement XYZ solution or standard into the new Faster Payments ecosystem. Establishing a governance and allowing stake holders to have a say in the process design of said governance keeps things fair and makes sure all interested parties have a chance to be heard.
    Why a governance framework? Because the large players in the payments space can't be compelled to adopt a standard solution or really do anything that isn't described in new or existing laws, and the whole faster payments initiative falls down without the democracy of a governance framework. You really should think of the Faster Payments task force as an "influencer" or "Steering Committee" not a dictatorial body with the power to compel anyone to do anything.
     
     
  17. Like
    slinuxuzer got a reaction from OzAlphaWolf in Will The Federal Reserve Use Ripple?   
    The Faster Payments task force is promising for Ripple, but I wouldn't expect any wiz bang news out of this "Governance Framework Draft" - I think you guys are missing a few points.
    First, the solicitation from the Faster Payments task force specified many criteria that are desirable in a faster payments ecosystem / solution and allowed proposal responses that only partially satisfied the requirements of the solicitation, they allowed this because it was unlikely that any one solution would meet all the requirements of the solicitation. Sixteen proposals were down selected, but only two were marked as meeting the requirements for cross-border payments, of which Ripple was one. I assume that two was the minimum for any category or requirement, the government does not want to be seen as picking winners and losers in the market place, the faster payments task force made this clear.
    Second, what is being released is a "Governance Framework Draft" that is being made available for stake holders (Visa, MasterCard, Wal-mart) who have a vested interest in the payments space to provide their feedback in regards to the draft. A Governance Framework will describe how the working group will reach consensus on decisions in regards to how, when, and why to implement XYZ solution or standard into the new Faster Payments ecosystem. Establishing a governance and allowing stake holders to have a say in the process design of said governance keeps things fair and makes sure all interested parties have a chance to be heard.
    Why a governance framework? Because the large players in the payments space can't be compelled to adopt a standard solution or really do anything that isn't described in new or existing laws, and the whole faster payments initiative falls down without the democracy of a governance framework. You really should think of the Faster Payments task force as an "influencer" or "Steering Committee" not a dictatorial body with the power to compel anyone to do anything.
     
     
  18. Like
    slinuxuzer got a reaction from mrenne in Will The Federal Reserve Use Ripple?   
    The Faster Payments task force is promising for Ripple, but I wouldn't expect any wiz bang news out of this "Governance Framework Draft" - I think you guys are missing a few points.
    First, the solicitation from the Faster Payments task force specified many criteria that are desirable in a faster payments ecosystem / solution and allowed proposal responses that only partially satisfied the requirements of the solicitation, they allowed this because it was unlikely that any one solution would meet all the requirements of the solicitation. Sixteen proposals were down selected, but only two were marked as meeting the requirements for cross-border payments, of which Ripple was one. I assume that two was the minimum for any category or requirement, the government does not want to be seen as picking winners and losers in the market place, the faster payments task force made this clear.
    Second, what is being released is a "Governance Framework Draft" that is being made available for stake holders (Visa, MasterCard, Wal-mart) who have a vested interest in the payments space to provide their feedback in regards to the draft. A Governance Framework will describe how the working group will reach consensus on decisions in regards to how, when, and why to implement XYZ solution or standard into the new Faster Payments ecosystem. Establishing a governance and allowing stake holders to have a say in the process design of said governance keeps things fair and makes sure all interested parties have a chance to be heard.
    Why a governance framework? Because the large players in the payments space can't be compelled to adopt a standard solution or really do anything that isn't described in new or existing laws, and the whole faster payments initiative falls down without the democracy of a governance framework. You really should think of the Faster Payments task force as an "influencer" or "Steering Committee" not a dictatorial body with the power to compel anyone to do anything.
     
     
×
×
  • Create New...