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ObeyTheWafflehouse

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Everything posted by ObeyTheWafflehouse

  1. Many people forget Microsoft was born in the 70s, but it wasn't until the late 90s when they became a powerhouse we know today. At least 20 years. Most people cannot see outside of 5 years let alone 20.
  2. I wish I could meet you and have a couple of beers talking about this.
  3. Just received this phishing email. Ripple is NOT giving away an economic package to the XRP community. Stay safe out there my dudes.
  4. You have every right to voice your concern, it's that I think you jumped to a conclusion too soon. Moneygram stated in their Q3 conference call in 2019 that they are using ODL with 10% of their transactions at the Mexico corridor. The bitso liquidity index seems to be picking this up, however we do not see anything on the XRP charts at ripple.com. There's a discrepancy. Why? Is Moneygram not using ODL or XRP at the Mexico corridor even though they said they were? Or is Ripple hiding the "true" transactional volume on XRP charts? If so, why? DAs NDAs? There's many more questions that need
  5. RN = right now. Sorry. I am used to writing in shorthand. Honestly, my way of thinking is that we cannot see the "true" number of ODL transactions. When I look at the bitso liquidity index, it has increased significantly since the Moneygram (Moneygram on their Q3 conference call confirmed 10% of their transactions at that corridor is using ODL) and Ripple partnership. There should be a correlation to the liquidity index and ODL transactions, but there are not. This makes me wonder if the ODL transactions are being measured accurately. How can Moneygram increase their ODL usage by 10% of
  6. What about the ODL with Moneygram? Wouldn't we see this on the XRP ledger? I understand there was some type of spam attack, but from my understanding, the volume was only a small percentage of the total transational volume. I want to clarify, because @DirectorCoulson will start cherry picking information as they are doing RN.
  7. I recommend DYOR and read EVERYTHING from @BobWay. He's a wealth of knowledge for the community, but i'll get you started. Stephan proposed an idea that would create a net pressure on XRP. He notes that, "net upward pressure on the price of XRP... and Ripple and I received a patent for it." However in another thread he discusses the "patent." The "patent" is a liquidity sourcing mechanism that allows to pull liquidity from different exchanges at the lowest possible price. With that being said, if you are always using the least expensive payment route, organically the system
  8. @Cesar1810 I am really digging that you remember this thread as I was thinking about this the other day. As from my previous post in this thread, the theory stood that XRP moves in cycles with BTC. As predicted, I am still waiting for XRP vs BTC price action to fall (~95%) as indicated on the chart below. The box with the down arrow indicates the support line that I anticipate the price of XRP vs BTC to pullback too. I have an alert to set at .000015 to let me know when/if the price target is reached. The forming wedge that I posted early on this thread broke the support line. I red
  9. There's so much information behind scenes that it could literally be anything CBDCs, whitehouse, SDRs, IMF, regulations, etc. Ripple has influence in so many entities that it could be anything that provides a catalyst.
  10. I think I agree with you on this the closer we approach year's end. It's looking like anywhere between Dec - March could be the time we enter a bull market again unless some type of MAJOR catalyst (possibly December) sparks an XRP run.
  11. In theory. Someone has to be monitoring the liquidity (either the exchange/MMs/ or traders). Here's the idea, when a transaction is started from beginning to end. It is initiated at the exchange USD -> XRP, XRP -> XRP, XRP-> MXN. There will be an accumulation of XRP sitting at the second exchange (assuming a positive flow). How is that accumulated XRP redistributed back into the market? Arbitration is the best answer I have that makes logical sense, and there could be other methods too. However, I bet this redistribution back into the market (arbitration?) may coincide with the down
  12. I have not studied any type of xrapid transactions, but here is my perspective. Any market normally operates in cycles. Traders try to identify trends/patterns. I am guessing from this chart that the reason why there is this cycle pattern has to do with liquidity provided in the market at a period of time. Think of it this way, when a market enters an uptrend, the market does not go straight up under normal conditions. There are these oscillations/waves that occur while in an upward trend. The up oscillations are trend continuations while the down oscillations are pullbacks. Pullbacks allow th
  13. "any assumptions SOLO is a stablecoin is 100% incorrect." I stand corrected, this is from their whitepaper. Their whitepaper is definitely causing some confusion due to vague statements. "SOLO coins and subsequent stablecoins are issued on the XRP Ledger allowing liquidity to be moved almost instantly."
  14. As @Tinyaccount said, it is very interesting that David's proposal of a new mechanism for issuing a stablecoin and Coinfield's announcement occurred relatively in the same period of time. However, these two instances may just be coincidental (doubtful). It seems that SOLO will not be backed by XRP right now, but David's new proposal will allow for an XRP backed stablecoin (from my understanding). SOLO, since it is a stablecoin, will need some type of backing, whether it's USD/CAD/etc. IMO with the dynamics of crypto, there will be some type of transition from Fiat to Crypto backing. Why
  15. It's look like there is a new proposal on how stablecoins will be issued. Joelkatz on a previous thread. " We propose adding a collateralized stablecoin feature to the XRP Ledger. The key distinguishing property of this proposal is that the stablecoin is always redeemable for XRP on the ledger from the collateral pool. So, for example, if you hold one unit of a USD stablecoin, you can make on-ledger payments at any time just as if you held $1 worth of XRP. We propose a scheme as follows: Anyone may place XRP into a position that they own. If the position is sufficientl
  16. "Tokenized assets are Stablecoins in nature and pegged to the real value of the non-blockchain based assets. They are redeemable via CoinField’s centralized platform or traded on CoinField’s XRPL Decentralized Exchange against XRP and SOLO" "....CoinField plans to release a suite of open-source software development toolkits that makes it possible to seamlessly integrate the process of transferring tokenized assets and SOLO coins to and from XRP addresses." With this being said from their whitepaper, it appears that XRP will be backing tokenized assets and SOLO coins. Someone would no
  17. I don't know much about you, but you can be an author on Coil. Start a blog or a vlog. It might not seem like much, but the more quality content you create, the greater the audience it will attract thus developing the XRP ecosystem even more.
  18. Let's be clear here. Xrapid/ODL volume may put upward pressure on the price of XRP in the SHORT TERM. However, larger volume attracts more Market Makers, and the more Market Makers there are, the more upward pressure on the price of XRP in the LONG TERM. With that being said, this is a very very positive indicator that XRP is heading in the right direction, and that Ripple IS making tremendous progress.
  19. On page 27, I see there is a reference to the Five Bells Ledger and Hyperfabric. I cannot read japanese but the Five Bells Ledger is also part of Ripple's software. I stealing this from another thread I posted on. I would recommend giving it a read.
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