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Rey

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Posts posted by Rey


  1. Welcome to XRPchat @Wharton_2020 There's a lot of information available on Ripple, the XRP ledger and the eco system. You might use the search feature to find answers to specific questions and/or join various clubs. Please read the forum rules before posting.

    Wrt Polysign, a visit to https://www.polysign.io/ shows that this organization targets "Institutional-grade custody for digital assets". Considering its modest size and the background of the founders and employees it seems logical that they don't target retail end-users directly.

    On UBRI (University Blockchain Research Initiative) Connect 2019 it was revealed that Xpring has been investing/partnering in several organizations, among them Polysign. David mentioned that they are currently in stealth mode and he also said that he was very excited about it but couldn’t say anything (more).

     

     


  2. "Countries marked for coverage this year with this service include Cambodia, Laos, Myanmar and Vietnam." ...
     

    Since SCB and SBI Remit already work together  (using RippleNet) to power real-time remittance payments between Japan and Thailand, maybe in the above mentioned corridors XRP will be used when available ... not only in the SCB app, but also in the SBI MoneyTap app which is scheduled to go live in Q1 IIRC ...


  3. ... and what do we have here? A new XRPchat member who, instead of reading up on the valuable info on XRPchat addressing the issues he pretends to wonder about, opts to ventilate a lot of FUD in a new separate thread ...

    If you're honest, welcome to XRPchat, there's a lot of information on all the 'questions' that someone new to XRP might have. I suggest to DYOR before posting clear FUD. The article you posted cherrypicked some facts, neglected of lot of other relevant facts and added biased opinions as "analysis".

    Also, please read the XRPchat Forum rules before posting. You can find them here:

     

    Merry Christmas! :drinks:

     


  4. 19 hours ago, itcdominic said:

    In early April 2017 two co-workers are discussing buying into Bitcoin and learning exactly how to do that.  The activity included reading about exchanges and other ways to purchase crypto.

    The two agreed to each use $2000 and buy in.  Options included Bitcoin, OpenCoin, AntShares and others.

    On April 23, 2017, each chose a different path.  One purchased AntShares at .17cents each and the other purchased more OpenCoin at only .03Cents each.

    Both are ahead of the game have not sold at the ATH but instead holding onto the asset they believed would do even more.

    Fast forward to today.  Both friends still talk.  AntShares became "NEO" and OpenShares became XRP. 

    Are you sure that you weren't told a made up story by someone who wanted to make fun of you? ... Since in April 2017 Ripple wasn't OpenCoin and XRP wasn't OpenShares ... :JC_thinking:


  5. 9 minutes ago, XRPboi said:

    How could XRP serve as an international bridge asset (used by individuals, companies, banks, and governments) with high-demand, yet be stable at a price that is not dictated by utility and the deflationary nature of the asset?

    Indeed is the value of the SDR calculated based on the rate of a basket of existing currencies. To peg a digital asset to those currencies would introduce just another 'stablecoin' ...

    How could XRP, if being used as a bridge currency as you described have some price stability ... that could be if it is traded as a forex currency, so very high volume, high liquidity, low spread ... how to get there is an interesting issue ...


  6. 4 minutes ago, TheyLive said:

    The whole point of the SDR is that it's allocated and not dictated by the market. 

    "The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, pound sterling and the Chinese renminbi). The SDR currency value is calculated daily (except on IMF holidays or whenever the IMF is closed for business) and the valuation basket is reviewed and adjusted every five years."

    1xrp = 1.37 USD
     

    If only that last line would be true ... :girl_in_love:


  7. 24 minutes ago, Harishka said:

    Hi all,

    just a few small questions. To my understanding,  csc is a fork from xrp. (Just as Stellar is). 

    My questions would be, why did they not just use the ripple system like alv is doing?

    Would it be easy to create a wallet that supports both stellar as csc as xrp (an thus alv)? 

    To be honest, I would love to have a wallet that could hold all currencies instead of having >= 4 wallets on my phone.

     

    The answer to your questions wrt Casinocoin (CSC) might be found at the Casinocoin forum https://www.cscchat.com/ or the CSC website https://casinocoin.org/


  8. 4 minutes ago, Harishka said:

    @Rey thanks! As you might expect i have some XRP, but also some CSC, VET, BAT and some (whispering) BTC :). Not a lot, but mostly because of the learning aspect of it. (Technique, trading, banking etc).

     

    LOL, that's almost the same as my stash, though I don't have BAT yet ...


  9. 1 hour ago, BobWay said:

    ...

    I think xCurrent has a huge advantage. I just happened to give some details about KYC/AML/OFAC in the post I just wrote, linked here. But in this bit of Ripple marketing collateral on page 18 you see mention of "Rulebook & Advisory Board". I can assure you that one seemingly boring, insignificant, non-crypt, non-sexy two pages, is worth more than all of the partnerships announcements and rumors you see and speculate on every day.

    ...

    Thank you :girl_in_love:


  10. I wholeheartedly agree with you, Bob and Benchmark. And I really think that as good community members we should encourage others to take their privacy serious and not mention sensitive personal financial information on any public medium.

    To be honest I could imagine people working for a company like Ripple, that probably has major global financial impact, being a bit scared as many others might have an interest in wanting something from them. We as a community should at least not make that worse.


  11. 1 hour ago, XRPboi said:

    Whether anyone wants to believe it or not makes no difference. It was a response he recently made to a users question on Quora (and has since been deleted since I mentioned it in this thread).

    The post was a question about why/how banks would want to use XRP/Ripple after the price begins to take off (because "it would be more expensive for new partners to buy XRP"). David's answer was clear and concise, and the only part I was surprised to see (towards the end) was the line about how 'Ripple won't let the price take off (and price potential partners out) before they are ready."

    I'd go take a screenshot, but like I said, the post has been removed. Maybe I just misinterpreted what he meant (although it seemed pretty straightforward, and very contradictory to what he typically says publicly). 

    I respectfully disagree as to me it makes all the difference. Based on all the things I've heard and read about David, including that verifiable event last week, I trust that his statements as made on that event are true. As your statement isn't verifiable, I see no reason to change my opinion on this issue ... please note: I'm not saying you're lying as I do believe that you're honest about what you think you saw. Anyway, thanks for sharing.


  12. 9 hours ago, XRPboi said:

    I recall reading a post by David saying that Ripple wouldn't let XRP be a high price (too early on/soon) because this would be a barrier for entry for new partners as well. 

    Honestly, I have a hard time to believe that. Like @Tinyaccount I'd be very surprised to read that.

    Even this week David mentioned at an event in Texas that he, like most of us, has no idea why the crypto market prices are at the current levels and also that it feels slightly frustrating that the quality/success of a project doesn't seem to be reflected in the market price in this stage of the game (my paraphrasing of David's words).


  13. 17 minutes ago, kanaas said:

    Hi Bob. Thanks for bringing lots of input and insights. While I suppose many will be more like personal views on a future for XRP,  there sure will be a few based on insight and knowledge that you have and we as outsiders don't.

    This brings me to another inside person you may know very well and who was leaning to a much more negative view on XRP. I'm talking about Vinnie Falco. By the end of his career @Ripple he even was extreme bearisch on XRP and sold all his holding before that famous run from 0.006 to 0.2 and later even to 3.

    When someone is that negative he must have had a reason for that. Any idea from your side? Not to rant against him, because he seemed very talented and smart, but more like to understand his and yours view and how they differ.

    TIA

    Considering the contributions by Vinnie to the XRP ledger software this seems interesting indeed. David Schwartz mentioned the number of commits on Twitter last month.

     

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