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Everything posted by Caracappa

  1. Caracappa

    JP Morgan to launch its own cryptocurrency

    I think there should be grounds first to move it over to the IMF. I could imagine the IMF right now would say "Well uhhh... thnx for the 35b... but what do we have to do with it" First use Xcurrent to make the network covering the needed corridors, then make XRapid an interesting alternative for FI's/banks, by doing that make sure the financial world(wide) can't do other then using Xrapid, and when that starts ramping up make sure a central authority gets control over the assets... or something of that order.
  2. Ripple for now is the only entity that keeps developing the ledger right, and they released v1.2.0 of which the nodes have to update to before februari 27. So two questions came up -Can another party also develop for the ledger and release it, or does it have to go trough Ripple to be implemented? -What would happen if certain nodes refuse to upgrade to V1.2.0 and/or use someone elses updated version? Fork?
  3. Caracappa

    JP Morgan to launch its own cryptocurrency

    I believe if Ripple wants XRP to succeed (and Ripple itself to) it's inevitable that at some point they have to hand over the majority of XRP to a central institution like the IMF. But not right now, let's build out the network first using that 60bln warchest, then onwards to the next step in evolution.
  4. Caracappa

    JP Morgan to launch its own cryptocurrency

    Hmm, then what is the advantage of using 'blockchain' over a central database... Ahh well, Long Island Icetea Blockchain tried the same then. Just put .com behind your name and you're legit!
  5. Fingers crossed, but Craig Wright has been claiming a lot lately...
  6. Caracappa

    JP Morgan to launch its own cryptocurrency

    Does that also mean it uses PoW, a lot of computing power (they have to provide) and the transactions per second is hard to scale to more then 15? Or does a private network not have those problems?
  7. True, but with 7 billion people the chance of one person getting this kind of 'luck' is bigger than one coin (XRP) having that much of luck. I however do not think the chance of reaching $ 50,00 is one in 2.6 trillion. We don't know what XRP will be used for in a decade from now. Is it the entire backbone of finance and payments on the internet, then no problem. Or will it be surpassed by something else, big problem.
  8. Caracappa

    JP Morgan to launch its own cryptocurrency

    Last thing I heard was that the US and IMF was looking into ways to make the US dollar less important because of (was it Jevon's?) paradox issues? Can't remember exactly what it was, but that they wanted to get rid of the dollar as the world currency... What JPM is doing is different than what Ripple is trying to achieve. RPL is connecting all banks and fiats in the world so they can do business with eachother directly, JPM is trying to make their own private network so that the small banks would still have to pay them (perhaps less than todays exorbitant) fees... I wonder what the competing banks would choose...
  9. Ripple could eventually connect the walled garden of JPM with the rest of the world, so I only see the benefit of it. Let's hope many more banks issue their own stablecoins so that the flow of money finally becomes frictionless and have Ripple connect them all together via ILP.
  10. Caracappa

    Stablecoins and Banks

    I remember a prediction in 2017 (Edit: it was Brad) where they said that you will see banks issuing their own stablecoins, but it would be walled gardens. And indeed XRP would be the perfect asset to connect all those gardens troughout the world. Banks issuing their assets proves the problem exists. And still no bank wants to use another banks coin but only their own or a third party. Small banks hate the big guys, and even more hate paying them to transfer their customers money over te planet. A third party like Ripple is in the perfect position to connect them all. I see the JPM coin as a new way to let liquidity flow into the digital payments and settlement space eventually.
  11. Caracappa

    Bearableguy123 Thread

    No need to be scared. The majority of people just see the fun in reading/solving the riddles the creator of BG123 made, and that's exactly what this topic is for. I don't believe in sudoku's either, but their fun to solve. btw, you are the one with the "new world currency 2018 rising phoenix" as a photo
  12. I can't speak for Holland being different than the US, but in my surroundings I know 'lots' of people who have at least bought some crypto. Be it for € 50,00 or less, but they did. Near the end of the bullrun. Could say more about the people I (choose to) know then the demographic picture of the Dutch ofcourse. At least with commercials on television it's more mainstream then it was at the end of 2017, and the infrastructure has been scaled up to hopefully provide more and faster service then during the complete fallout of new customer application during the previous bullrun. Litebit was completely sold out every single day. Spoke to friends who had to wait a month before their account was approved. And when it was approved the peak of the bullrun was over.
  13. I'm starting to see the first signs of a positive market again that I haven't seen in over a year. Regular news outlets report positive on bitcoin, tv programmes start discussing it in a positive way to invest instead of the low intrest on savings accounts, litebit.eu (a 'large' crypto buying site for europe) has it's own commercial on all the television nets in Holland. Mainstream retail investors are being prepped to both cause and jump onto the bullmarket again. This however is still some months away, as the pace and frequency of positive news has to create a new momentum like the end of 2017 again.
  14. https://www.tradingview.com/chart/XRPUSD/iq4qyXUL-There-is-a-possibility-for-the-beginning-of-an-uptrend-in-XRPUSD/ This one.
  15. Question that has somewhat to do with your TA. Not that I ever sold a single XRP, but what do they mean with 'taking profits at certain points'? For example someone on tradingview posts these profit points because they are seeing the same pennant in XRPUSD currently with an expected uprise. TP1= @ 0.46990 TP2= @ 0.56400 TP3= @ 0.70580 TP4= @ 0.79100 TP5= @ 0.96780 TP6= @ 1.41240 TP7= @ 1.77360 TP8= @ 2.13480 TP9= @ 2.64860 TP10= @ 3.30310 TP11= Free Do they mean take a random percentage of profit at each stage? Or is it a fixed percentage? And then reinvest it if it goes down again at certain resistance lines? Sorry to hijack your topic, but it seems it fits in here.
  16. I've been doing some digging on ETF's and what it means... But my knowledge is limited and as far as I understand investing in an ETF doesn't get you the real deal, it just tracks stock/assets/etc in price. So it's more of a derivative then? Or do you buy actual XRP's with an ETF? If so, then how does this benefit a digital asset like XRP or the BTC's? Don't we want the money to flow into XRP directly instead of 'copies'?
  17. Caracappa

    Ripple’s Lie About Its Santander Partnership

    When an article like this is written, it would be better FUD if the writer didn't show his hatred against Ripple that much. Every single sentence shows his biased view, which makes it less believable. But nice try anyway!
  18. Caracappa

    Swift explore blockchain technology

    Not saying the internet is the right way of communicating your finance, but there are newer and better technologies to communicate. Current Swift network has been hacked multiple times with millions of dollars lost. But agreed, we don't know the real reason the tech was never improved. Competitors made sure they suddenly had to anway.
  19. Caracappa

    Swift explore blockchain technology

    We can only hope they would utilize XRP. But the problem for Swift is that the big banks, that make billions with cross border payments, are their stakeholders. The biggest problem for them would be that their bank (and fee's) would be surpassed because payment companies can connect directly with the blockchain technology. I think they are searching and puzzling for a model in where the big banks can still earn their fee's. Smaller banks however don't want to be depending on the big guys anymore.
  20. Caracappa

    Swift explore blockchain technology

    Ripple did come up with a solution for the current payment issues, so did other companies. In my opinion Swift got lazy over the years and didn't pay attention. The current method of payments gave to much financial benefits to their shareholders (big banks) that they did not want to improve. Now that others are coming up with innovation, they suddenly start speeding up their development. It's ridicilous that their tech didn't change since the 70's, when new communication technologies like the internet emerged in the 90's. Their laziness will be their demise.
  21. Better, but you're still thinking too much of yourself. Please try again.
  22. And there he goes, that's the narcissist thing I mentioned. We, all retail traiders by the way, are sorry we didn't sit down quietly, and listened to what you have to teach us. Please come back and enlighten us, we are in desperate need for it!
  23. No sweety, we're messing with you. I got the 'we're now on the mexican side of the deal' thing. It's just that, it might all sound good between your ears, you're doing a lousy job translating your synaptic activity to real world application. That, and the narcissistic tone of expression doesn't help you in the debate.
  24. So the more XRP is needed to transfer, the lower the price goes? Than my exchange has been lying to me. The more euros I have spent buying XRP, the higher the next order became. Scumbags!
  25. Yet this part is called 'XRP Trading and price speculation', so let's speculate I'm betting on the utility (or extremely good news like SEC declaring) bullrun, because the speculative will take quite some time to form starting from today. Some rises and dips aside ofcourse, a real bullrun I mean.