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Everything posted by Scout

  1. Price of Bitcoin would need to be $160,000 per coin before XRP could achieve a price of $30. I don't see BTC reaching that price. There Is a 200% difference in price between these two coins as the values are correlated. I thought when XRP separated from being tied to ETH things would have changed, much like when Tron left Ethereum. But nothing has changed. Every token's price is relative to the value of BTC. If BTC tanks the entire crypto market is in serious trouble. If you want XRP's value to increase pump BTC. I am also under the impression the US SEC are manipulating the value metric of crypto in an attempt to minimize fraud and fake volumes and this is a major factor as to why we're still trapped in this bear market. Market is in a frozen state until regulation is passed. But the good news is Regulation is inevitable. Also, all crypto market technical analysis is pure speculation which holds zero weight. Which is why the really smart people never attempt to predict a price point. No one can predict the future price with absolute certainty as nothing is for certain.
  2. Banks are a business, not your friend. As long as they hold your money they are happy to help you by making money off your money. The minute you move your money outside of their control it paints a really grim picture. What about attempting to apply for a personal line of credit instead of a loan or remortgaging? Should have lower interest rates and might be easier to get.
  3. What he means is his computer has an infection browser hijacker and he's being redirected. Probably from investing too heavily into the Verge coin & p0rn.
  4. I think the question we should ask ourselves is... can there really be a price value associated to a protocol that's virtually free to use to send money? Something can be still really valuable and cost nothing much like Linux. Does intrinsic value carry much weight in a free open source protocol? How much do people pay to use freeware? And how far do free donations go interms of raising value. We have invested in XRP expecting a return however XRP doesn't owe us anything. It seems more like a speculation game of what speculators are willing to pay rather than a metric of real value. Even with a massive influx of volume we witnessed in the last day the price surged 5 cents only to fall back down. The price isn't even controlled by the success of XRP but by the success of the entire crypto network and most importantly BTC. There shouldn't even be a correlation between BTC and XRP as they are totally separate networks. Volume alone isn't enough to raise the price there needs to be a more substantial metric. What am I missing?
  5. These panels are kind of frustrating, they always rehash the same material. I wonder if Brad ever gets tired of telling the world about the fastest way to send money to another country is to walk it there. The world needs to know why US regulators have a difficult time regulating or applying regulations when it's their job. The US Sec are obviously an incompetent group of over paid people and Ripple should be relocating their head office to Singapore where they are welcomed. Binance picked up and moved from Japan to Malta almost overnight. It's time for Ripple to pack it's bags and head where the technology hubs exist, which is obviously in Asia.
  6. It is time for Ripple to move their head office to Singapore.
  7. A lawyer who focuses on litigation involving securities at the firm Kobre & Kim just issued a big update on the class-action lawsuit against Ripple, which alleges the company violated state and federal laws by selling XRP as an unregistered security. https://dailyhodl.com/2019/03/22/after-meaningful-victory-ripple-will-likely-issue-motion-to-dismiss-xrp-class-action-lawsuit-says-securities-lawyer/
  8. How I found Ripple, XRP & the community. I was searching the internet in early January 2018 for how successful people handle their business and their money. There is a formula to how successful people make money and it's not by accident. They know the in’s and the out’s and they repeat the process. I figured if I could somehow follow in their footsteps, by observing their lives and how they do their business I could put together some of these pieces to at least learn how to save money or spend money more wisely. So my googling began. I typed in a few successful business owner's names from different walks of life and when I came across Bill Gates I read about the Bill & Melinda Gates foundation using XRP to transfer money from the Gates Foundation to third World countries. I thought that was an interesting concept. Since my wife is from overseas, we are constantly sending money using Transfer Wise or Western Union to gift money back home for her family and the transaction fees using the existing system were digging too deep into our pockets. At that point my research began into crypto currency and my introduction to Bitcoin. It only took a few transactions using Bitcoin to realize how expensive and slow it was. Also, I realized Bitcoin was very anti-establishment with regulatory bodies (Governments & Banks). For me that was a red flag because I know banks and governments aren’t going away. I found XRP to be the polar opposite and it seemed to address my concerns I had about crypto and I felt especially comfortable knowing that a US based company was a major driving factor behind its success. After watching countless YouTube videos about Ripple and Brad Garlinghouse I started investing as much as I could afford into the XRP eco system. I know for a fact XRP has a very bright future. I believe in the people who created it and I can see their passion behind the technology. I appreciate the fact Ripple employees have been very transparent in terms of the company direction and they strike me as a bunch of hard working and honest people with good values. Researching into Ripple and XRP has brought me to this forum community, where I frequently catch the latest updates on just about everything Ripple / XRP. So here I am, and I enjoy how welcoming and friendly this community is even when the markets are down and the emotions are high.
  9. Makes sense, the more volume the higher the price, the higher the price the less XRP volume is needed, lowering the price. Which is why we are at .30 cents. Bring on mass adoption so we can sit at .002 cents =P
  10. Thanks for turning my topic into gold. It's so refreshing to hear someone speak that actually understands the technology and not just speculating on how it works. Very much appreciated!
  11. Sorry for the double post. Initial post didn't refresh correctly resulting in hitting the save button twice.
  12. The man responsible for fixing or manipulating the crypto currency prices is missing in action.
  13. Well, XRP doesn't settle on it's own either. It uses Order books/ Exchanges. So the choice comes down to whether an Exchange performs the conversion or a Bank does the conversion. Either way, the conversion takes place at one place or another.
  14. search : xcurrent_brochure.pdf xCurrent enables banks to message and settle their transactions with increased speed, transparency and efficiency with RippleNet members. xCurrent is built around Interledger Protocol (ILP), an open, neutral protocol, that enables interoperation between different ledgers and payment networks. The solution offers a cryptographically secure, end-to-end payment flow with transaction immutability and information redundancy.
  15. If XRP can average $3 in 5 years that is a great return and my exit strategy. Need to be realistic people. $3.00 / XRP would be the moonshot and it will take time to get there. HODL! Something to keep in mind, Banks are a business. They won't buy into a tech that will make everyone rich around them. That is a pipe dream. Banks are in it for themselves, not for the customer. The incentives for Banks to use XRP is quite small when modern tech like Xcurrent can settle just as fast in FIAT using existing channels.
  16. The banks can probably choose what bridge currency they want to use. R3 is just like a vending machine that dispenses the use of all types of settlement options. But it definitely sounds like Swift GPI is going to have no part of XRP and there is no telling to what extent they will go to ensure XRP is not a default selection in their settlement process and probably never will be. Sounds to me like Swift hasn't learnt a thing about why XRP is ideal for settlement and they continue down the same road they have in the past. Swift is gradually going to fade away, backing themselves into a corner that will eventually cripple their entire obsolete methodology. I can see Swift hanging themselves by their inability to adapt to make good informed decisions as a result of their hate towards the competition.
  17. Success of XRP and the value has little to do with XRapid. More to do with XRP and the ILP ledger.
  18. Don't forget the coin burn effect over time. XRP will become scarce with big Banks holding massive amounts for transactions. 100 billion is not much when you talk multiple global use cases. This is much bigger than just cross border payments between banks. Cross border remittances is only the start not the end. XRP hasn't even been truly used yet and millions of XRP have already been lost due to negligence. When everyone hops on the same train XRP will burn like crazy and the value will be insane. Might not be in my life time but XRP is a limited supply not indefinite. XRP will probably have to fork just to sustain demand.
  19. Update only to prolong the case. Maybe end of February? https://coingape.com/ripple-security-case-the-decision-may-still-take-some-time-to-come-says-lawyer-chervinsky/
  20. Ouch, what's the hold up? Looks like Xrapid use is not really ready yet... Maybe the date on the article is suppose to read 2016 not 2019. If there is any fact to this article that pushes real XRP use in Banks back to at least 2020. I was hoping 2019 was the year for ILP support. This will be the tipping point for mass adoption & real volume. Pretty sure this will push XRP to number 1. The King Koopa of Crypto, the Big Daddy of Block chain.... You get the picture:) https://ambcrypto.com/ripples-cto-clarifies-that-interledger-protocol-ilp-is-not-connected-to-the-ripplenet-yet/
  21. The deployment of the Corda Settler uses XRP as the first settlement mechanism, an important step showing how two of the world’s most influential crypto and blockchain communities can work together. While Corda Settler will be open to all forms of crypto and traditional assets, XRP is the next logical step in showing how widespread acceptance and use of digital assets to transfer value and make payments can be achieved. When a payment obligation arises on Corda during the course of business, one party has the option to request settlement using XRP. The other party can be notified that settlement in XRP has been requested and that they must instruct a payment to the required address before the specified deadline. Once an oracle service validates the payment then both parties can treat the obligation as settled.
  22. You know, it is disturbing and frustrating that someone with her insider knowledge of the banking system would go as far to sabotage Ripple just for the hell of it, based on false assumptions. It's really sad, and for the average Joe like myself who struggles to learn the industry these type of people (like her) really don't warrant a public voice. Thanks for the clarification.
  23. Oh sorry I missed that thread. Thank you and sorry for double post :s This forum doesn't miss a thing.
  24. I tried posting this under other press and it was deleted probably because it was filed under the wrong topic. Sorry, sometimes I get my wires crossed. One of the principal claims made by Ripple for XRP is that it would free up $5tn that is “sitting dormant” in bank nostro/vostro accounts around the world. https://www.forbes.com/sites/francescoppola/2019/02/10/there-is-no-such-thing-as-dormant-funds-in-banking/#6d888c015aef Curious to know what the community thinks about this and if someone is in banking are these statements truthful or just FUD? I assume Forbes is reputable?
  25. From what I've read, Swift GPI can settle a payment using R3 without the need for X-rapid. This tech uses Corda Settler. Similar to XCurrent in that it settles using fiat to fiat transfers. In order for XRapid to be used, both sending and receiving parties must agree and support XRP before the transaction can take place.
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