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Scout

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Everything posted by Scout

  1. Swift GPI 13 seconds to transfer money cross border I don't mean to be pessimistic but the writing is on the wall. =( I'm sure Ripple has a fantastic software solution but I don't get the impression any banks will make use of a cryptocurrency to handle transactions. Why would they use a service that would make everyone else rich at their expense? Ripple just couldn't close a deal with any of the leading banks and they had to buy their way into the Remittance service by paying Money Gram to use XRP. This just feels like they are trying to force their way into a market and the market is not moving in their favor. This is so disappointing.
  2. “Even if every bank used xRapid the price of XRP wouldn’t necessarily increase. The thing that drives the price of XRP is people’s perception of adoption, which would probably increase the price,” the source said. https://cryptoslate.com/former-ripple-employee-speaks-out-xrp-price-doesnt-reflect-xrapid-use/amp/ Looks like XRP's price is whatever we want it to be. I'm selling my XRP for 1000 per XRP any takers?
  3. Maybe these UK regulators should move to the US to help them figure out regulation since they appear to be struggling.
  4. Actually, I recall David Swartz talking about XRapid a while back and referencing how the XRP system works and can settle really fast amongst itself and other digital assets. But when transactions need to be delivered to a Bank account in FIAT it falls short because XRP needs to be converted into FIAT at the Exchange doing the settlement where it can be wire transferred to a Bank and the entire process comes to a crawl. This is probably why all banks will slowly adopt XRP or their own digital token, so the process doesn't have to be slowed down by the FIAT payment rails but XRP can bridge to the Banks digital token using ILP and the Bank can perform an in house conversion directly to FIAT. That would be the time settlements could be instantaneous. So in order for XRP to truely be successful we need the entire industry to mature and adopt their own digital assets or trust an existing asset in house to make direct conversions from digital to physical cash. It kind of makes me wonder if this is the function that Swift is setting out to achieve with GPI so all banks can trust GPI and XRP can be the bridge for cross border transactions.
  5. Corda is the bridge between FIAT and any payment rail including digital assets. Now that Swift has GPI and Corda can settle with GPI they don't need XRP at all. Anyone who is fed up with the Swift network can choose to settle with XRP instead of GPI as they are direct competitors. But at the moment GPI doesn't settle with crypto as it mimics XCurrent using a messaging service with Nostro / Vostro accounts. Where as XRapid will handle everything without the need to pool different currencies. So it will all come down to choice (functionality, security, speed & price). I suspect XRP will be the cheapest and fastest once XRP's liquidity is high enough to handle large transactions. But Ripple will have to win over their clients one at a time. If GPI integrates a comparable Xrapid service for GPI then it's game over for XRP. The clock is ticking!
  6. Here's my wild prediction: By the end of August XRP will have experienced a bull run to .59 cents where it will settle back down to .42 cents.
  7. Well there's two schools of thought. One Joel Katz's view which XRP has no value or BearableGuy123 where the value = 589+. If we use a shitcoin like BTC as an example for some insane reason it manages to have an imaginary value associated with it which climbs even though BTC has no real purpose or value except for the fact it's supply is scarce. Eventually XRP through adoption will be the same, hence it too will have speculative value which people will say the value is driven by utility as the big exchanges will need to hoard large amounts for transferring value. Definitely this won't happen over night and this will be an investment of wits. Should XRP ever get superceided by a newer tech that could be devastating for the long term holders expecting to see a great imaginary value associated with XRP which seems to have an infinite supply. But there is hope, the more volume the more burning and eventually the supply will dwindle making it a rare commodity like BTC and the value will Increase.
  8. So what this boils down to: Bitcoin is the utility and XRP becomes the store of value. I totally didn't see this coming. Haha! No wonder Brad Garlinghouse took a different stance towards BTC.
  9. When no one wants to use your product, pay $50 million and force them to use it! A moonshot indeed and what an explosion for Moneygram! At least their stock doubled and XRP sits 2 cents higher.... It's progress people! A few more $50 million stimulus packages to companies on the verge of bankruptcy and we will reach that 50 cent milestone! "Slow dough is better than no dough. (fa sho)".
  10. Who has the most to gain using Ripple net? Smaller Banks and payment providers. You can tell this rather sets the tone for what to expect, no mention of Central Banks, IMF, BIS or anything of scale and it is still just speculation at this point. You can see most people interviewed look as though the wind has been taken out of their sails. This looks like a much longer road then initially projected. Let us give it another 2 years to see where we are. If in 2 years we are still in a similar position then we need to re-evaluate our decision to hodl.
  11. Here's their official tweet. Rather bullish I may say. In a new tweet that was posted today, SCB said: "We are so sorry for the previous information of the previous post. As of now we have no plan on using XRP." https://mobile.twitter.com/scb_thailand/status/1136909051130814464 Banks seldom tell the truth so this must mean HODL big things are in the works!
  12. While Brad has been optimistic in his approach I don't blame him. This is exciting stuff. I wouldn't say that Brad is full of BS because that isn't true. His timing is off because it is impossible to know the exact timing of utility as there are many factors at play. Everything Brad has said will come true it's just a matter of when which obviously even the most tuned in people can't accurately speculate. Which is why most people don't speculate publicly but it's so tough not to when you know and see the potential.
  13. Anyone else care to get in the ring with Tiffany? Haha! Well said Tiffany! You are an amazing person and mom!
  14. It's odd Brad would hype an article which doesn't promote crypto as a means to Bank settlement. The disclaimer directly states: This paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB. It's also interesting the document refers to the Ripple as the digital asset but not XRP. Perhaps we all purchased the wrong token. How do we trade XRP for the Ripple token? Why would Brad Garlinghouse himself retweet crypto FUD ? Perhaps his account was compromised? I was better off not reading that 40 page anti crypto sediment.
  15. https://dailyhodl.com/2018/09/30/ashton-kutcher-and-vc-sound-ventures-strive-for-social-impact-through-ripple-for-good/
  16. Funny someone should bring this up. I just had the thought today that BearableGuy123 could very well be Ashton. Ashton is a trickster, very computer savy and a very successful investor. If I recall correctly news surfaced that he had invested in Ripple the company through his company Sound Ventures, but I'm not certain about XRP. In any case he would have Ripple inside information that the average person would not be privy to and hiding behind a fictional character just seems to suit his persona.
  17. Guys, he's just trying to be optimistic. If only the author knew that XRP is a stable coin... perhaps he would have withdrawn his statement. Here's to holding to .30 cents! Bring it on! If good news shoots the price down then bad news must do the opposite right?
  18. The US SEC hasn't been able to identify where XRP fits. It will eventually fall under a new asset class but this could happen in the next 3 months or in the next 2 years. People aren't waiting for the SEC to make up their mind so rather than sit idle the industry moves forward. The downfall with this is Financial institutions will not adopt XRP until there is regulation and the regulation will come once the SEC gets their act together. The SEC moves at a snails pace compared to crypto and time is money. i too am of the impression this small pump has nothing to do with Ripple or XRP but BTC's influence over the market. Easy come easy go don't get too excited. XRP is still a sleeping dragon, it will settle back to 31 cents shortly. Presently, we live in a very manipulated crypto market.
  19. Well if Ripple can't drive the price of XRP , bitcoin sure can! As shown by today.
  20. Don't lose hope guys, this is an opportunity of a lifetime. There's way too much interest in XRP for it not to go anywhere. XRP has gotten the attention of just about everyone with a lot of money. I realize things don't move as fast as we would like to see but in reality when it does finally take off you'll be glad you HODLed. I think after July if we don't see any further progress i'll be a bit disappointed but I think this prolonging of the real utility is intended to shake off some of the less serious investors. Don't loose spirit I firmly believe this token will take flight but there is no predicting when that will happen but once it does there will be no turning back. To quote CKJ "That's for sure !" LOL!
  21. 2 weeks past still no significant change. I say wait until end of July. If there is negative movement or no change at all by then jump ship so I can buy more on the cheap! :p Ripple isn't going any where. Can't let emotions influence your investment. A lot of partnerships in the works all waiting on regulation. Once in the clear the true value should be reflected by utility and not by speculation. Patience is a virtue.
  22. Actually, it was good he posted this article as I read the original article this morning too and was a bit concerned. I came to XRPchat to find out that the article has been debunked and the truth revealed. We need the XRP Chat community to get to the bottom of some of these articles and they did a great job! So no this post and the OP should not be banned for expressing concern. Thanks!
  23. I think you mention valid points, but there's a fine line between Ripple and XRP. While the two are distinctly different, Ripple the company is a big motivator behind XRP and without them XRP wouldn't be receiving the same attention. You mention XRP ledger related discussions about X-Rapid but that is a software product of Ripple. Therefore, it's difficult to talk about X-Rapid or X-pring without directly referencing the success of Ripple the company. X-Rapid will be the software protocol banks will leverage to use the XRP Ledger. I think conversations on the forums can still exist without the mention of Ripple it is just there would be a lot less to talk about because everything seems to be connected back to Ripple's Technology such as X-RAPID & ILP two massive network motivators for the mass adoption of XRP. A lot of off shoot XRP products come from developers that have once worked at Ripple or are associated with Ripple in some way, such as Coil & Cobalt projects. In the end, when XRP reaches mass adoption we have one single company to thank for being the driving force behind the token and it's exposure and that is Ripple. The value Ripple will bring to the token will be insurmountable to any other technology in the Crypto universe as it will encompass the world's currencies in a universal autonomous system. Which can be adapted to fit any situation involving the transfer of value and I cannot think of any thing bigger this world has ever seen behind a single product or digital asset. Thank you Ripple and team behind XRP.
  24. Even if it's used by dozens of banks it doesn't mean the price of the token will amount to much.
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