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Bettergoham

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  1. I really wish xrp holders wouldn't argue the idea that XRP should have probably been deemed a security up until a year or two ago. The truth is that while "Ripple" didn't create XRP, a lot of founding members absolutely did and sold it to raise funds and drive their company forward. Since then, this has drastically slowed down and almost completely halted. I own XRP because I believe regulators will understand that the benefit XRP can provide to the world will one day outweigh the cost in damages Ripple may have done by selling an unregistered security for a few years. I think the idea that owning XRP doesn't give you a right to earnings in Ripple means XRP is not a security is backwards way of thinking. The truth is at one point it probably should have and Howie's test SHOULD have determined it a security. A lot of powerful and smart people have kept it, thus far, from being deemed so and I am incredibly grateful.
  2. It is a very rough time line but has aligned with what we are seeing in the world today.
  3. Out of all the bullshit timeline predictions and "this should be our year" hoopla, there has only been 1 timeline I give any credence to and it comes from Deloitte. You can look up the video on youtube, just search "deloitte temenos ripple". There is a cut down video of about 6 minutes where the gentleman covers their estimated timeline for blockchain usage back in 2016 and how they see this whole thing playing out. He has basically been spot on, probably because he works for one of if not the largest consultancy groups in the world and has direct bank contacts. He mentions the movements of assets across a blockchain around roughly 2021 and full adoption shortly thereafter.
  4. These comments lead me to believe you don't understand the use case of XRP as a bridge as opposed to thinking it is some currency everyone will accept. Today dollars, yuan, euro are mostly just 1's and 0's on a screen. Countries hold onto these in bank accounts in order to "move" money across borders, XRP removes the holding portion of the moving magic. XRP acts as JIT system for monetary movement. A fiat coin is no different than the system we have today and probably has neutral to positive effects on whether XRP becomes adopted as opposed to negative potential.
  5. They have 3.3B+ trapped in the system. Moneygram's business model is to prefund capital all around the world so their customers can quickly "send money" anywhere. That prefunded capital is "settlement assets".
  6. It will take a while but I can not wait for the day we see a significant reduction in settlement assets. Who knows how much moneygram currently has prefunded for just this corridor on a daily basis. 10MM, 25MM, 50MM? Once 100% of flows for just this one corridor are live on ODL how much of that capital can go to paying down their enormous debt or investing in marketing etc? This is probably why Brad said they are chomping at the bit to open more corridors!
  7. Here is what I do not understand and it may be due to lack of research on my end, how will a central bank digital currency change anything at all from the current system? What will a canadian stable coin and a singapore stable coin due to benefit the current system any more than the current electronic figures on a computer screen + exchange rates? It's not like import/exporters are currently running around handing fiat currencies to each other to settle invoices, they all use exchange rates and move numbers around on a screen. The only difference a "coin" will make is if it is a neutral asset that all governments can agree upon which is priced against individual currencies. Imagine if gold could be moved instantaneously to settle up trade on a monthly/quarterly/annual basis. Governments and businesses wouldn't need to worry about well how liquid is this fiat market, what's the current exchange rate of my currency to that currency, etc. Instead they would exchange their fiat for gold which they would know would be accepted by the other government/business because it is universally priced and accepted due to their being a huge market. This is the role XRP should fill. A universally priced asset that can exchange/bridge all fiats instantaneously, ubiquitously, and extremely cheap.
  8. Yeah, this is your average retail investor hearing the words "settlement" and "liquidity" and assuming it is all a giant conspiracy theory tied to Ripple and a new monetary system. It's those people who will be ****** off 60 days from now when XRP hasn't moved. Ripple is attempting to rebuild the way money moves, this will not happen overnight and there is no switch waiting to be flipped so that XRP moons. It will be a slow and steady process that will be proven through utility and additional profits for organizations.
  9. It's neither. This is a domestic payment system that will have nothing to do with XRP, end of story. May it have something to do with xCurrent or one of the other 15 private sector submissions to the FPTF? Yeah, it could. Could it facilitate XRP transactions 3 years from now as related to cross border payments? Sure, it could be a payment option in the future just as TIPS and other RTGS systems will allow Fintechs to build on top of them.
  10. This has been my exact question, what do they mean? I believe the following: Level playing field on a domestic level entails large banks, small banks, and payments processors having the same ability to compete for business in the market place. Level playing field on a global level still seems to be related to competition between banks but also tied into politics. On this write up https://www.bis.org/speeches/sp180130.htm, you can see Augustin talks about not only similar risk should be similar regulation but also the idea that in the face of crisis these banks should not have the ability to run to their respective governments and ask for a hand out. If U.S. banks fail due to poor risk management the fed shouldn't simply be able to print up more dollars to prop them up. If Chinese businesses fail and the banks in turn do then the government shouldn't be able to print more dollars to prop them hurting other economies. This is where the stretch and tin foil hat come into play, how do you do that? Governments will always protect the large banks and businesses when given the power to do so or they would have a revolt on their hands from the people who are starving/broke. Well maybe, just maybe if everyone shared a universal bridge asset of some sort where all eyes could see plain as day the value of different currencies then the different governments could not cheat one another.
  11. David Schwartz said it best, time is all relative in this space. If you were hoping to get rich overnight then you are in the deepest pits of despair right now. If you understand that Ripple is attempting to replace a cracked foundation that was put in place over 40 years ago, you probably understand we are still a bit early.
  12. 1.) I think Dilip Rao has commented that for a central bank Ripple could probably provide their software for free. I think Ryan Zagone was on the faster payments task force. I think when the FTPF asked for comment Dilip Rao responded explaining how their software would level the playing field and could quickly be set up. 2.) I think Brad Garlinghouse has had one on one conversations with Mnuchin and has presented their software in front of the IMF and Central Banks of the world. 3.) I think Trump has talked to Japan about a level playing field and 80% of Japan's banks run on xCurrent. I don't think it is a stretch to say the Federal Reserve could potentially use xCurrent as a quick setup Real Time Payment System that would level the playing field for large and small company's alike.
  13. What are you guys talking about? @Tyvole made the point "we all did the same research a ******* child could". Let's all take a deep breath and be completely honest here Ripple got a one time pass to sell securities to the masses because they are attempting to change the way value is transferred around the world and should be rewarded significantly if they accomplish that. If you are here holding XRP there are a few things you need to be ok with because it is the literal RISK portion of holding this and any other cryptocurrency: The cryptocurrency is labeled a security and the value goes to zero A majority holder(s) (Ripple) or any whale in any cryptocurrency decides to sell their tokens and move on driving price incredibly low The cryptocurrency fails to gain traction (utility), asset holders lose hope, sell in droves, and the price goes to zero The network/blockchain undergoes a massive attack permanently damaging the trust, investors are scared and sell driving the price to zero EVERY DIGITAL ASSET suffers from 1 or more of these risks at varying degrees, if they didn't there would be no upside return possible. The fact that you all want to focus on one issue is asinine borderline trolling.
  14. Competition, at least in countries that have systems like TIPS. But that is the risk in this whole thing, without it none of us would be sitting here hoping XRP will go to the moon one day.
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