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KaaKaRmA

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Everything posted by KaaKaRmA

  1. The pure fact that people will say "Chris and Brad declined settlement...they know we've got this!" shows the pure delusion of reality and also the loyalty of many on this board.
  2. Yes. She’s using broad general and generic numbers. You can be invested in something and still be rational. Unfortunately, many on this forum can’t be rational. Executives leaving, at this rapid pace, is a set back no matter what. Now you need to bring in new employees, train them , build relationships, etc. Not just a plug and play replacement. Let’s also not ignore that most executives leave traditional companies where upside isn’t astounding. I can work as executive at Fortune 500 company and leave after two years, largely because my upside is a fixed bonus. I leave because I fee
  3. If you’re at a start up company and hold an executive position, which comes with shares , etc , you don’t up and leave for better position. The upside is too high and then you leave once you realize it’s not going to materialize. Ripple goes from having no employees leave to a barrage of 6-7 key players over course of several months. And no...people don’t just come, do a “job”, and leave when it’s done. That’s not how reality works but it does sound good in fantasy land.
  4. Somewhere, someday, a bear will pop up with a cartoon image and try to tell us all their job was done and we’re near the finish line. Then a rational person will pop up and explain people don’t just leave or move companies because their “job” was “done”. It’s likely a case of set backs or them all seeing resistance ahead that’s not public. Many people join start ups, give it a go on potential, then leave after it comes apparent the vision couldn’t be fulfilled for whatever reason.
  5. This isn’t as big of an issue as Ripple makes it out to be though. There wasn’t even an outcry about this or a sought after solution until Ripple pushed the narrative because they found a use case. If this was as big of a concern as Ripple is making it out to be, much more would have been done sooner and faster action would be take. As is, I’m hopeful for XRP success, I just don’t think it’ll be adapted easily, as banks will be content with xCurrent for faster correspondence.
  6. Do banks really care about nostro/vostro? Is it really that big of an issue for them? Who knows? It seems like Ripple pushed this narrative as it was the largest way to implement a true banking use case for XRP. Reality seems to dictate that the banks are more concerned about the messaging systems over the nostro/vostro accounts and the savings and opportunity cost that come with them. xCurrent could end up being the key product that banks like and utilize, with XRP/xRapid being used in other corridors and use cases. We can't just make assumptions that it automatically goes xCurrent to xR
  7. Even in a perfect world scenario where banks are using XRapid, the settlement time is what ultimately hurts XRP price. It’s not the amount of transfers banks are making daily that matters as much as how many combined with the amount that are happening per second, minute, etc. Now if banks hold large sums of XRP (which they won’t need to and likely wouldn’t for a variety of reasons), then that could put upward pressure on price, as liquidity dries up. In the end, as long as Ripple’s preferred partner exchanges are set up and have liquidity, the transfer are so fast that the XRP will be av
  8. Follow DrTrump for updates. Actually, I mean follow TiffH for updates.
  9. No their not. Their “insiders” that create Twitter accounts, tweet some cryptic stuff, and follow him. From there they pose as insiders as he gives them recognition and they feed him more trolling messages. He doesn’t vet out any sources, as that’d ruin his theories and views. He should change his screen name it Ohhforrr.
  10. It’s new for Ripple the company. XRP is decentralized and not a security, remember? Therefore if Ripple doesn’t control XRP, this shouldn’t have any impact on XRP. We can’t have our cake and eat it too.
  11. This is what people don’t realize. Banks need to profit. They’ll pass on the costs anyway they can. Everyone likes to use the “their not using XRP or they’d save more” excuse. Reality is banks will be hesitant to invest heavily into something few others are using. Add on training on top along with keeping current system and it’s a large headache for most banks. Ripple is building a lot of partnerships but has yet to produce any significant xrapid or XRP usage. It seems more clear many are utilizing their other software solutions.
  12. My bank allows me to withdraw as much as I want as overdraft but that doesn’t mean I do.
  13. This certainly isn't good news and I'm sure we'll have the typical few putting the positive spin on this. The reality is simple: 1. Ripple the company creates awesome software and has a great product, with or without XRP. 2. XRP is unique. However, it could be too soon to market and the market isn't ready for it yet with all the lack of clarity, regulations, not being educated, etc. We can sit around and say "Look at all the partners, just waiting on a switch!", but the truth is we've still yet to see any impact or adaption really with xRapid, which launched awhile ago. Rip
  14. Ripple doesn’t exist to make a fortune of XRP. That’s a nice byproduct of their vision is successful. Ripple the company exist to create the software and technology that lacks in the market today. They have an amazing system that self funds these operations and growth. From a pure monetary standpoint, they have more than enough cash flow from their current set up. Yes, everyone wants more always but I doubt Ripple is sitting around figuring out how to increase the price of XRP so their stash is worth more.
  15. Anything more is greed. They have more than enough to supplement their business monthly without raising red flags and questions. I mean the company is funded by a digital asset which they hold $15b worth of, which they essentially control the success of the asset as a whole... lots of questions could be raised there and I doubt they want the spotlight on being a trillion dollar company with big price increase, especially when any attempts to liquidate would significantly drop the price. Ripple is completely fine with their current set up of getting hundreds of millions to fund th
  16. Ripple the company is essentially using their XRP stash as their VC money. They’ve got so much XRP, they could care less if it increases in value, as it’s worth so much already at .2-.3c range. At the end of the day, if XRP token isn’t used for whatever reason, Ripple the company can continue to be very successful due to their technology and software, which is where their real money is. Their distrusting the fintech industry with their superior technology and pushing the XRP agenda as one of many products, as it helps fund their business as well. Tough to say how this all plays out.
  17. At this point it’s starting to become more clear that it’s going to take mass utility to move the price in significant increments. That utility is facing stiffer competition daily as new coins, technology, partnerships, etc threaten XRP. Yes, we can say they’re inferior but we can’t be blinded by the fact the best isn’t always chosen and/or used. XRP is still a great investment and at these prices, even if you don’t believe in XRP as much as before, it’s worth grabbing a bag, storing on a ledger, and setting a reminder to check it in 5 years. This day to day, every 6 month or end of yea
  18. A lot of investor hopes are tied closely to Ripples word and actions. It’ll be hard for XRP to moon with the supply in escrow that can flood market. I’m concerned about something like Cobolt, which will help take an already fast settlement, and make it even faster now. Surely that can’t be good for price.
  19. I’ve said it for awhile now, the only ones making money are them.
  20. The faster your realize there is no switch, there are no prophets, riddlers, moon shot, etc then the quicker you’ll realize XRP is a sound investment, as long as you have realistic long term expectations. Short term you’re probably able to ride the Bitcoin wave, make some decent profit, and then hop back into XRP later. The FOMO of a moonshot based on loose ties, etc is what’s preventing most from capitalizing on market opportunities. Keep some XRP and grow with some other coins with another % of your portfolio. Going all in on XRP is downright silly.
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