Jump to content

ixarepe

Member
  • Content Count

    63
  • Joined

  • Last visited

About ixarepe

  • Rank
    Regular

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. PhiGuy is free to share information You are free to listen to what he has to say, to agree or to disagree with it or to skip this thread altogether Why all the hate? What is it nowadays with people attacking other people with different opinions?
  2. @DirectorCoulson you are only down if you sell. The fat lady hasn't sung yet.
  3. Just to be sure. You inputed the 24 words of your 'old' wallet into the nano when recovering your wallet? Then you installed the XRP wallet (assuming it was XRP) on your nano and opened it? You opened an XRP wallet on Ledger Live associated with your recovered Nano and it shows empty?
  4. OP here. Thanks for all the insights. It seems however that my idea of linking distribution to price development is not really addressed. In my view ownership stays with Ripple. The distribution is decentralized. E.g. by a smart contract or maybe by the validators. Take out the 'whale' aspect. Ripple has been a good whale (mostly) but a whale nevertheless. I think when distribution is made more independent and quantifiable this benefits everyone including Ripple.
  5. XRP is sold to grow and develop the XRP ecosystem in a direct way. This is great. As opposed to BTC where majority of the revenues flows to ‘secondary’ parties like electricity companies and hardware manufacturers. Maybe it is not the amount of XRP that Ripple holds that is the issue but the fact that they can spend it arbitrarily. This creates uncertainty which negatively impacts price development. With BTC at least you what the distribution rate is. It is part of the code. It is in the best interest of Ripple to have good XRP prices and until now it seems they have been good stewards of their XRP stash. However this can change in the future with a change in management or because of shareholders decisions (after an IPO). Personally I would like to see this ‘human’ element minimized. Why not use a smart contract which handles XRP distribution linked directly to price development? This would provide transparency which in turn decreases uncertainty.
  6. Longtime XRP investor here and bullish on XRP. Nevertheless I think Novogratz raises a fair point. "Ripple the company owns 60 billion of the coins, of the XRP,” Novogratz began. “That’s a lot of it.” “When I’m buying a stock, if I know [someone’s] selling $10 billion-worth of it at some price, it makes me less excited to buy the stock,” “It did underperform immensely last year,” he told the audience. “I think it will underperform immensely again this year and it’s just because of the supply.” This is not about comparing XRP to shares (because they are not). But about the sheer amount of XRP Ripple is holding. I was part of the 'sword of damocles' discussions before the Escrow thing and although the Escrow construction mitigates part of the issue, for all practical purposes the hypothetical ability to 'dump' 1 billion XRP on the market each month is still looming above the market. I know the argument about how this is not in Ripples interest but would rather see an automatic release mechanism tied to an x% of growth. Growth is decreasing below the set percentage then release of XRP is decreasing (maybe even buying up XRP). And vice versa. Curious to hear what you think.
  7. That is interesting. I am a little bit puzzled. This amendment was proposed a few weeks ago if I remember correctly. Why is it only at 52% consensus?
  8. Is the deletable account feature active? If yes, how does it work?
  9. I know. Not trying to convince people like @Sceptic or @ringer2. Hope my post maybe helps some other people (with shorter experience in this space) to just hang in there and don't get discouraged. Ups/downs and price manipulation are normal in a new and immature market. We have had these cycles multiple times now. 'I told you so' is not classy it is something a child would say. Best case @Sceptic is childish. Or maybe he/she has a financial interest in bringing the price down.
  10. In any argument on the internet there are always two ends on the spectrum. One person shouts A and the other B. If A comes true we get the 'I told you so' from the A person. If B comes true we get the 'I told you so' from the B person. It is so tiring. In the case of XRP the fat lady hasn't song yet. So I don't know if it will be A or B. Anyway the idea of selling my XRP and finding out that I was way too early (like Greg selling his BTC @ $0.30) is more painful to me than HODLing and see them go to zero. Way more painful. New paradigm, good technology, excellent team, real use case. A once in a lifetime opportunity so I am actually adding to my stash.
  11. Ok. Thx for explaining. Do you happen to know why there is a 100 times difference?
×
×
  • Create New...