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About JA8

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  1. You are paying, just in another way. "Free" can be insidious. Behaviour modification mechanisms are often baked-in to platforms wherein the user *is* the product. Facebook (for example) monitors responsiveness to advertising and continuously attempts to alter your behaviour in subtle ways to increase click-through rates. This in turn changes the wiring of your brain. One becomes reliant on pellet-sized dopamine hits, increasing anxiety and depression over time. Take a whole crowd of anxious, depressed, behaviourally-modified users and you'll eventually end up with a festering breeding ground for political divisiveness and anger. It has become dangerous. These types of effects have been discussed at length by the likes of Jaron Lanier. If Coil can disrupt the "user as product" business model then I think it could be a very healthy thing. Personally, I've reached the point where I'm starving for quality content. I'm tired of the whole Ouroboros thing. The zeitgeist may work in Coil's favour as we become more conscientious. I believe the internet experience will - indeed must - change. I would even argue that it's an evolutionary necessity.
  2. Yes they do. No retail XRP interest = guaranteed failure for xRapid.
  3. @Valhalla_Guy Seems like you know your history, and refreshingly it’s not the popular version rewritten by liberal academics. I’m a fan of Dinesh D’Souza as well. But your rant is a bit disproportionate here, like using a mallet to kill a flea.
  4. Sure. Retail market participants like us (i.e. those using crypto exchanges) provide a base level of liquidity (both fiat and XRP) without which xRapid cannot really function at present. Until such time xRapid partner-fuelled liquidity eclipses the base liquidity we provide, then Ripple is extremely reliant on us. Partner-driven xRapid liquidity is unlikely to eclipse retail liquidity for quite some time. I can’t really answer your last question as there are too many variables, and I would not presume to know enough of them. But of course it goes without saying that without people trading XRP, xRapid cannot even begin to crawl.
  5. The XRP community may be small, but without it, they simply do not have a product called xRapid because exchange liquidity would be approximately zero. They could do worse than make some moves to keep the community happy, and to encourage more market participants. So, I agree with you on this. They ought to take some responsibility, if not purely as an act of kindness then at least as a savvy business move. Maybe they will.
  6. I find this indirect funding of competing blockchains really quite bizarre, and is difficult to justify without some strange permutations of logic. I don’t believe it can be justified actually. I get the sense that some of Ripple’s own high-level employees find it strange as well.
  7. It’s a total non-issue... he mentions BTC in context to show he’s mature enough to recognise the potential of other projects. He doesn’t evangelise BTC at all.
  8. I’m not sure that they are. I imagine the experience and on-ramps will be relatively seamless.
  9. In spite of the data breach, Facebook reported 2.4 billion monthly active users (MAU) in Q1 2019. This is up 2.5% from 2.3 billion in Q4 2018; and up 8.2% year-over-year (YoY) from 2.2 billion in Q1 2018. If they have lost trust, the user numbers still reflect the popularity / convenience of using Facebook for billions of users.
  10. Will that matter? Libra will be integrated into every transactional endpoint of numerous services with a userbase of ~2bn.
  11. > Libra avoids banks, Ripple works with banks. True. Ripple works with banks because people need to use banks at the moment. Libra stands to disrupt that. BTC also stood to disrupt that before it became relatively useless as currency. As such, Libra is pretty darn disruptive to BTC’s currency aspirations as well. > Libra transfers liability Libra aims to be so ubiquitous that cashing out to fiat is perhaps never required. The Libra ecosystem will enable it to be used for a very wide range of products and services. This probably won’t eliminate the need for fiat completely, but it reduces the requirement for fiat. Over time, this reduction could be substantial, and this is one of the reasons there has already been some political backlash against it. > Facebook's move may actually stimulate banks to start using Ripple/XRP. Yes, I agree. And this would be because Libra poses some degree of existential threat to banks as I mentioned. > Libra can be inflated, XRP can’t. True. But would this fact alone stop users from transacting with Libra? No. Joe Average gives tacit approval to Keynes every time he uses dollars or sterling or any other fiat currency, so he’s not going to be too concerned.
  12. Not sure why you say this. Libra is going after the same market as XRapid, ultimately. It’s just that XRapid adds the extra step of interacting with banks. Libra is p2p. Libra is a threat to banks. It is therefore a threat to XRP. It aims to handle the full gamut of transactions from microtransactions up. Therefore it is also a threat to BTC. How big a threat remains to be seen. Competition might be a good thing. Lots of potential positives here regardless. Legitimises crypto and may steer regulators and banks towards favouring options which pose less existential threat.
  13. Deserves more attention and should be taken seriously. It sounds like a direct competitor to me (it does not particilarly sound like its more focused on trade / stocks).
  14. Agree. Their legal team couldn’t have reviewed that surely? Could end up being embarrassing for them.
  15. I suggest setting up a relevant sub forum / club here and inviting all of those affected to join. Are there any lawyers on this forum?
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