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Everything posted by Bettergoham

  1. Yo @DirectorCoulson, you can't start out every post the same way, it becomes too obvious you started a second account.
  2. I think the doubling of "maximum transaction" size is very interesting. I wonder how they are determining what the maximum should be. Is the technology identifying what the order books can handle at any given moment and determining the most cost efficient route or is this Ripple and the working exchanges actively deciding what buttons to press this week?
  3. I think if we were to say 100% we would be lying to ourselves, however, with the XRPL being completely visible the creators of this scanner put some rules in place to be as accurate as possible.
  4. Good Morning Everyone, If you have been on this forum for more than a few months you know by now that ODL usage seems to be rising at a rapid pace. So far today, $9.34M has already been sent through ODL and we are clearly on pace to set a new daily ATH. As with most trials/expirements the strategy would be to start slow and ramp up as they validate that accuracy, speed, and cost savings are delivered by the technology. What other insights have any of you out their gathered from the timing, size, and corridors of these ODL transactions? Is there a specific reasoning we are most recently seeing $100K transactions going through ODL? Any insights to spur conversation around growth of ODL, potential strategies, and possible limitations would be greatly appreciated by myself and the forum I am sure.
  5. Well there goes my ******* $4 call options expiring on 2/21. Was straight gambling on a big announcement, doesn't matter if it comes a week late.
  6. I'm looking forward to this earning call but I think the Q1 2020 earnings call will be the real decider. There will have been a significant chunk of $ sent through ODL at that point which will give insight to how it effects the bottom line.
  7. I literally can't comprehend why this is still a talking point surrounding XRP beyond. If you invested in a emerging asset class with the expectation of high returns and without the expectation of incredibly high risk you are a moron. If you didn't understand or ignored the fact that one of these risks could be that Ripple is a renegade company looking to bamboozle thousands of investors with the largest ponzi scheme ever then you are a moron. Even though I am a huge investor in XRP the truth is that this "investment" is a gambling with better odds than a lottery ticket. If you are making this gamble you must accept a few things: 1.) The largest owner of the underlying asset on this gamble is a corporation who, in their own interest, wants the price of XRP to rise substantially but will use its value periodically to drive an ecosystem that will make that happen 2.) There are incredibly large risks related to regulations and these regulations must be set ACROSS THE GLOBE 3.)Even if the first two come to fruition, there is a chance some competitors product is chosen as "The Standard" over Ripple's solution
  8. UTILITY!!!! Welcome to the future. There has never been a more exciting time in the crypto space for XRP than now! 2017? **** that, what you are seeing today is value, actual value being provided to real companies using a digital asset. XRP is driving cost reduction for cross border payments and businesses can see the savings. Volume is ramping up day after day and this is just the beginning.
  9. It was not, I know your position well enough on these forums. It is the others who continue to show up with zero knowledge and are spreading fud or are straight out ignoring the fact that ripple started from a ceo and two devs with a vision for an internet of value and today are meeting with the largest central banks and figure heads around the world. If anyone out there doesn't think the largest players in the game aren't watching Moneygram's development like a hawk over the next 3-4 quarters they must be looney.
  10. Complainers, whiners, or fudders, I don't really know what is going on around here. What I do know is Ripple first built the technology (step 1), then they had to build their network and onboard customers (step 2), and just now we are starting to see the fruits of their labor. The first "insignificant" tricklings of drops of ODL in the vast ocean of cross border remittances. Every day growing slightly larger as the faucet opens to those willing to test the water. These are the days we will look back on and say wow at one point only $6MM in volume happened a day in ODL? This feels like being in the early days of the internet but we know what is coming down the road. Banks and remittance companies will become greedy, demand to save money, they will pile on to use ODL and cut costs by 50%-70%. Market makers will be forced to hold more and more XRP to ensure they have enough on hand to manage all of the cross border flows and then on the tide of demand will we see our little XRP's value rise. If you can't see how early we are in this, how Ripple has been successful so far in each step of the way, and finally what is now increasingly likely going to be the future of cross border payments then why do you keep showing up here?
  11. 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.
  12. It is a very rough time line but has aligned with what we are seeing in the world today.
  13. 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.
  14. 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.
  15. 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".
  16. 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!
  17. 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.
  18. 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.
  19. 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.
  20. 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.
  21. 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.
  22. 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.
  23. 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.
  24. 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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