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hallwaymonitor

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  1. Update: they transferred 100M XRP and 284,8M is left in their main account r3C9BXmTtiDLhxH76cWP6vbyDEkbtxANzo. https://xrpscan.com/tx/D6395F22D4505C8B82B7EC2BFD4371DEDFF1124BF59258A7A98154D05A11E5FC Again, lots XRP accounts, transactions and selling in relatively small batches to come.
  2. By off-ledger I simply mean the trading and its volume that happens outside XRP ledger. The same volume that you see in Coinmarketcap, for instance.
  3. The arrogance and ignorance of non-crypto people always keeps surprising me. The real moment of "understanding" will become to the non-crypto folks after hiding of funds becomes too easy via privacy coins. Then no one knows how much crypto assets anyone owns and there will be lots of "sad" people "missing" their private keys suddenly.
  4. I think we can safely presume two things. 1) The most of the crypto (including XRP) volume is just BS wash trading. 2) The XRP/FIAT volume of ODL is growing. New corridors (Thailand, Brazil & Argentina) are also in the ODL pipeline. In that regard the utility based XRP off-ledger trading volume might surpass all other speculative (non-wash) XRP off-ledger trading volume during 2020.
  5. I think the coming Ripple IPO is the key here. It will facilitate Ripple's XRP distribution to the markets and enhance the transparency of Ripple's escrow usage. SBI is already sending its XRP to the SBI shareholders and Ripple will likely mimic this practice after IPO. Ripple must report to the shareholders publicly how they are going to use XRPs from the escrow.
  6. Well said! I have always thought that the balance of remittances between countries is the only thing that matters. The remittances is the first use case for ODL (the low hanging fruit). However, if Ripple manages to expand ODL flows to B2B sector as well, then it will ease out the need for heavy rebalancing of XRP organically. One metric to assess B2B sector future flows in aggregate could be current account balance (CAB) that gives us rough picture which countries are heavy exporters (surplus) and importers (deficit). https://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance I had to draw this picture to really hit the nail in the head. In remittance point of view MXN exchange must send big portion of their surplus XRP back to USD exchange (Bitstamp mostly) due to lack of open corridors. This is the reality today. In future, if B2B flows become reality, then the ODL exchanges in Mexico can directly send portion of their XRP surplus to the other countries. By doing that they will eliminate the first leg of the ODL process and also there is less need for rebalancing of XRPs between the cryptocurrency exchanges. In conclusion, I think the B2B flows will not eliminate the need for rebalancing completely but they will decrease the need for it.
  7. There are 12 mentions about XRP in the PDF but they all refer to shareholder benefits... I would be positively surprised if they get ODL going on for JPY currency corridor during 2020 at this point. Also there is this Ripple IPO speculation in the air and it might be one reason to postpone JPY ODL even further.
  8. I think it wasn't just utility-scan because there really weren't any ODLing from Bitstamp to Bitso during several hours. In hindsight I would say they were configuring MoneyGram's ODL to process higher volumes than before. For instance, this large tx happened recently. https://xrpscan.com/tx/17383FBAC3A1FDAF5479F88F3EC9156CA8FF1AF2BF879587AC925E2300B78956
  9. How come Ripple's investors own no XRP (?) If Ripple owns around 50 billion XRP and Ripple is owned by bunch of investors (holding Ripple stocks) that makes the Ripple stock holders also the XRP owners indirectly. The Ripple's stock ownership is getting more "decentralized" and hence the XRP distribution is getting more "decentralized" in a sense because now there are more Ripple stock owners after this latest funding round. Why would more than 50 % of the Ripple's stock owners vote to abandon Ripple's 50 billions XRPs and start using something else?
  10. I think we have catch 22 here. In order to make XRP utilization high, Ripple must build the whole ecosystem (including regulations, custody solutions, etc.) around it first. Why would institutional investors buy billions of Ripple's XRPs now when the existing infrastructure isn't strong enough to support utilization of billions of XRPs daily (?) Even if the regulations would "come" tomorrow there would not be mad crush to buy XRPs among institutional investors at the moment IMHO. This is the XRP II account that Ripple uses to sell its XRP to institutional investors. These days most of the outbound txs seems to end up to Bitstamp and SBI VC. https://xrpscan.com/account/r9B3osCvQ28Chgv1qKDqwcGkQaDZJf4iqB
  11. A cynic in me says that there are not enough demand for XRP yet. Ripple sold its XRPs mostly to crypto exchanges in 2017-2019. The exchanges sold mostly to retail. This increased supply of XRPs to open market satisfied the existing demand and hence the price of XRP has not performed as good as many other cryptos. So, Ripple probably figured out this phenomenon during the first half of 2019 and that's why we saw them to sell less XRPs. Why not sell XRPs to banks and other FIs then? Well, I'm afraid there are not enough demand either. I bet Ripple would love to sell billions of their XRPs today even with heavy discounts and reselling restrictions but the harsh truth is that there not institutional demand yet. It's not enough to say "XRP settles in 4 seconds" for FIs and then get the sale. This time the institutional demand will be the prerequisite of Ripple's XRP cash cow. The only way Ripple can create the institutional demand is to prove that XRP saves them money. In order to do that Ripple must build RippleNet infrastructure to the high enough level that the cost savings will become reality. So concrete that you can pull the income statement from MoneyGram (and other ODLers) and see the cost saving from there. Thus, Ripple needs more money to buidl RippleNet faster and that's why Ripple did this latest funding round because selling XRP is no longer efficient option. Modus operandi: 1. Ripple's funding rounds 2. More money to Ripple 3. Buidl RippleNet moar 4. Prove ODL cost savings (over and over again) 5. The institutional demand for ODL will rise 6. The increasing institutional demand of ODL will also increase demand for Ripple's XRPs 7. Ripple can start selling its XRPs again and this time mostly to the institutions
  12. In below link is also Brad Garlinghouse interview: https://fortune.com/2019/12/20/ripple-raises-200-million-xrp-cryptocurrency/
  13. Yup. Let's hope they dump those 384 million XRP now when the XRP price is "low". imagine could happen if they will hold XRPs till the next bull run. It is possible that the Plustoken scammers interrupted the whale coitus in June 2019 when we had nice bull run going on.
  14. Here is a good analysis about the partial payment exploit: https://medium.com/@JohnGaltBPM/beaxy-incompetent-in-denial-insolvent-614ff7561044
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