IK26 reacted to Eric123 in Ripple/XRP Securities Hearing January 15th
Here is the thing. This is just a response to Ripple's motion to dismiss the lawsuit. If the motion is granted it is great for Ripple. If the motion is denied that is not the end of it. The case will just continue to proceed perhaps for years. It will not be decided whether or not XRP is a security on the 15th. In the end Guidance from the SEC is what is needed.
IK26 reacted to Gorgalosk in How Far Can Brad Take Ripple without a Big Hitter?
I try really hard not to be negative towards posters and differing opinions, but this one is really testing me.
Ripple has some VERY heavy hitters working for them. Just because you haven't heard of them doesn't mean they aren't at the top of their field and heavily respected by the people Ripple is working with. To assume that Brad is out of his depth is a really unfair and unfounded statement. Ripple isn't trying to build an apartment building. They're trying to revolutionize GLOBAL FINANCE. That doesn't just happen. It's a slow, arduous crawl. Sorry if that doesn't jive with your timeline, but that's the reality. The price is low, I get it, we all get it. It's not fun to wake up and see red. These things take time and I think Brad and his team have done a fantastic job moving mountains. We'll see if it pays off. I'll also paste a post I made about the hiring of Craig Phillips from another thread for you to consider.
I'm not gonna scroll back, but I assume the news about Craig Phillips joining Ripple's board of directors was shared. This is a big deal imo. Phillips was Former Counselor to the Secretary at the U.S. Treasury Department.
If anyone is interested in the effect hiring someone who was this highly placed in the federal government can have on a private company's growth and success, I highly recommend the book "The Profiteers: Bechtel and the Men Who Built the World" by Sally Denton.
Bechtel is probably the most successful company in the world that you've never heard of. They built the Hoover Dam, The Chunnel, San Francisco's BART, numerous nuclear power plants, entire country's infrastructures, entire CITIES, etc.
Why i'm telling you all this, and why Bechtel has been able to land these massive projects for the last 120 years is because of their hiring practices. Essentially, Bechtel's executives are a revolving door to the white house and other massively influential government bodies. A few examples:
George Shultz - Secretary of State
Caspar Weinberger - Defense Secretary
Henry Kissinger -Secretary of State
John McCone - Director of the CIA
Donald Rumsfeld -Secretary of Defense
Many of the people i've listed above have done absolutely abhorrent things both unrelated and on behalf of Bechtel. I obviously don't support building infrastructure for people like Saddam, Suharto or Qaddafi and I'm not saying Ripple should.
What I'm saying is that consciously or not, Ripple seems to have a very similar view on hiring from the public sector in order to serve their goals and entwine themselves with the government. It's served Bechtel incredibly well for the last 120 years. Say what want about the HIGHLY questionable ethics of Bechtel, but those people are EXTREMELY rich and EXTREMELY powerful.
I'm not a conspiracy guy, and I largely ignore rumors, theories, etc. What i wrote above is none of those. It's verifiable fact. Sourced and Cited for anyone to check. Anyone who's looking for a good book to read should give "The Profiteers" a shot.
IK26 reacted to ADingoAteMyXRP in The Big Deal
Thanks Hodor! Coil rant below:
The web monetization problem is made messy by a failure of Coil to understand that their model is not a replacement for the current model. It's one of many supplements.
Instead of a single subscription to-rule-them-all, Coil should be building a network of organizations that offer different ILP services. Middlemen who can compete with one another on a level playing field to provide the best rates and increase revenues for their content creators. This allows content creators to drive, instead of ensuring power remains centralized.
In short, we need a hundred Coils, and we need existing content networks to open their payment gateways to them.
If I don't mind ads, show me ads. If I offer to pay you directly instead of seeing ads, let me pay you directly. If I want to use my personal XRP or BTC or USD wallet to do that, let me. If I want to hand over personal info to a third party who monetizes that information separately and pays sites for my traffic based on where I visit, let me. If I want to subscribe to a service (like Coil) that charges a monthly fee and then pays out ILP-enabled businesses on my behalf, let me. If I want to attend a focus group in exchange for ILP credits, let me.
Each one of the above middle-layer businesses is a vital node in the ILP network. Content sites can then decide which of those services is valuable. My instinct is that they'll find ALL of them valuable.
It's not winner-take-all. It's not consumer-to-producer bilateral exchange as Coil envisions it. It's multi-hop for content monetization. You need all of these methods to maximize a market share against ad-only models and existing one-off paywalls. Consumers need more than one way to contribute their end to the transaction. From where I'm standing, a $5 per month subscription which is "always on" puts a low, low ceiling on Coil's growth and could represent a lot of wasted XRP for Ripple.
IK26 reacted to Hodor in The Big Deal
Blog URL: https://coil.com/p/Hodor/The-Big-Deal/rVb7l8ang
Coil is in it to win it: Find out about Ripple's 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐗𝐩𝐫𝐢𝐧𝐠 𝐝𝐞𝐚𝐥 in my latest blog, along with some factoids only available for Coil subscribers!
I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so!
My blog announcement links on other platforms:
Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
IK26 reacted to VanGogh in McDonalds a Ripple Partner?
Considering you will see Money Gram in every Walmart with the trademark "Runs on Ripple", and then at every McDonalds, I would say this is fantastic news. Ripple continues to bring their products to the eyes of main street. It makes me wonder if they will be using xRapid for settlement in their restaurants all around the globe. Like Amazon, McDonalds has a very large footprint globally, and moving money around to distributors, retailers, for salaries and wages, etc. is I'm sure very complex. Who better to simplify it for them than Ripple. I think it's great news if verified!
IK26 reacted to buckor in The Power of Water
Thank you both very much...I have to say this is a very fair question.
To answer, yes, any Coil funds received will be used for filter donations. It is very difficult for me to separate out "personal tips" from filter donations, so everything goes to filters.
I am very passionate about getting these filters to as many people as we possibly can! I see the change they are making in people's lives and wish I could do more now. Alas, I am VERY grateful for the XRP community and what has already been accomplished! Now, if XRP could just go ahead an "moon" we could accomplish a lot more!
Thank you for reading and for following along!
Sent from my SAMSUNG-SM-J727AZ using Tapatalk
IK26 reacted to buckor in The Power of Water
It has been a while since I last wrote a blog or article. So, I wanted to let the #XRPCommunity know about the water filter distribution we did last week with Filter of Hope water filters that had been donated by the community.
I will let the blog, my first on Coil, do the speaking.
IK26 reacted to Dutch_ins in European Central Bank integrates RippleNet on 22-11-2021
The ECB (European Central Bank) released an annual report on Target2, the RTGS system for all European banks where they settle all payments in central bank money. The ECB published it about two hours ago and it can be found here: https://t.co/GLJNtzrR19
The timeline for banks with all the milestones can be found here; https://t.co/tBB9WoDswF
The big bang approach requires that all national central banks and their communities are prepared to migrate on time.
All banks in Europe, will all be, at the same time, able to use XRP for domestic and international settlement of payments and securities within Europe, but also across other RTGS systems like Japan’s or the Federal Reserve’s.
It means also the migration of TARGET2 (payments) with TS2 (securities) and TIPS (instant settlement) into one gateway for al European banks.
All banks have to be signed with a contract to their selected Network Service Provider of choice BEFORE July 2020.
RippleNet with it’s xCurrent (4.0) is one of those NSP’s.
EDIT: 28/5/2019 - Ripple is NOT a NSP, since they have not participated in the tender, however RippleNet could probably be accessed though the two chosen NSP's.
The new European RTGS system with integration to multiple NSP’s (like RippleNet for instance, currently Swift is the ONLY integrated NSP) will go live, with a “big bang migration” (as they like to call it themselves) in the whole of the EU on November 22, 2021.
EDIT: 28/05/2019 - XRP usage "official"?
The ECB paper Brad Garlinghouse referred to in his tweet: https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op223~3ce14e986c.en.pdf%3Ff2e9a2596a8f9c38c95f4735c05a0d47&ved=2ahUKEwjCsKP-gL7iAhXEalAKHZQFAskQFjAAegQIAhAB&usg=AOvVaw0myveAY0kP7vl4vj81wZJa
Somewhere in there, you will find one specific sentence which, in my opinion says A LOT about whether banks under the ECB may use XRP for settlement or not. Dyor and decide for yourself.
IK26 reacted to BobWay in List: The Voices in Bob’s Head
Sorry to disappear for so long. The week turned out to be more involved than I thought.
Just as a quick recap, I've been fighting prostate cancer. I had radiation treatment, but my PSA numbers have not responded in the way they were expected to. (down) Unfortunately, they have been trending up. This is quite puzzling to the doctor's because I caught the cancer early. It was also a less aggressive variant that should have responded to treatment easily. That has been coupled to some nagging discomfort in the area that won't seem to go away either.
So last week was a bit stress inducing. I had two full body scans last Tuesday and Wednesday. The first was a bone scan and the second was a full body CT scan. The goal was to make sure none of the cancer had escaped and spread. Medicine being what it is, the scans had to be done, read by a radiologist, then relayed to my oncologist. I had to wait on the final results until this Tuesday.
So in between, Janet and I decided to mitigate the stress by driving to Baton Rouge, LA to meet the awesome XRP Community there. Many thanks to @RippleWraith for setting up an awesome dinner meetup. And even more thanks to everyone who showed up despite the torrential rain and flooding happening last week. RippleWraith even brought an amazing birthday cake to top off the evening.
It turns out, it is only an hour and a half more of pouring rain to make it New Orleans. So Janet and I spent my Birthday there. Her gambling (she won) and me drinking (I won!) We managed to get out of there Saturday morning just before the flooding got to NOLA. Turns out only six hours more rain to make it back to Houston!
We ended up going straight to my mothers to pick up Puccini, then stayed over Saturday night to be there for Mother's Day on Sunday. Of course, the endless rain and driving broke something on the car. So Monday meant fixing that. Then staying over longer to see the doctor on Tuesday.
Good news is, it turns out, all the scans are clean! That was a huge relief. We still don't know what is causing the numbers to stay up, but it is seeming likely that it may be prostatitis. I've got a long course of antibiotics to take now and more testing and followups later in the summer. So all in all, it looks like I'll survive.
So now that I'm finally home and back online onward to the first study group session. I'll post about that in another thread.
Sorry to keep everyone waiting. But at least, XRP has been trending up in the meantime!
IK26 reacted to mandelbaum in XRP: The Pressure-Cooker
Keep it up Hodor.
I have been looking at movements on the ledger over the weekend, and one of the things that strikes me is the amount of multisig wallets that Bitgo has been setting up. More than 240 wallets created just today. Remember; every wallet needs 20 xrp, so they must be expecting something.
IK26 reacted to kev4022 in XRP under $1 for years?
This is going to sound like a fud post, it's not intentional but I cannot see massive price gains for years. Currently my pot is 90% XRP 10% TRX and I intend to keep it this way, I guess I've come to the realisation that I'll have a long time to continue to accumulate!
"According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$ 715 billion in 2019, including US$549 billion to developing nations"
So if Ripple with xRapid captured 100% of global remittance the volume would be...less than 2 Billion Dollars per day. This is pennies in the grand scheme of things not to mention this would require all corridors open to Ripplenet and all private remittance companies using xRapid. Setting up these payment corridors is proving to be slow progress (in my mind at least). Ripple imo will be lucky to capture 50% of this market.
The market will remain manipulated until real utility kicks in, bot traders don't care about single massive gains when when they can achieve the same results with numerous smaller trades, they're programmed for the tiniest of percentage gains. Note $2bn per day isn't substantial utility.
The holy grail for XRP investors...please correct me if I'm wrong but wouldn't Banks need to setup their own public exchange systems for Bank to Bank transfers so effectively you'd have (Bank A(Exchange))->(Exchange(Bank B)), isn't this what Brad Garlinghouse was referring to when he mentioned Banks will hold Digital Assets? Private exchanges such as Bitstamp for Remittance and Bank Exchanges for B2B, all interconnected so for example you'd be able to transfer XRP from your Binance account to your Bank held XRP digital wallet. Well all this isn't going to magically happen overnight, if I had to put my guessing boots on I'd say we're at least 5 years from this maybe longer given how slow the world reacts.
This reads like a rant, I apologise.
IK26 reacted to Hodor in Chat: [Study Group] Session 0
Thanks for the reference, Bob!
However, those are the "republished versions" on the Ghost platform (the XRP Community Blog).
The original platform where I published those particular blogs was my WordPress site, which is still operational. The formatting is much better on the original site, so please read these instead:
IK26 reacted to LiquidGoat in lol - bull run soon.
Plenty of people get burned but the % that are even aware or put money into crypto is tiny. Saying that because a bunch of Koreans got burned means that no other people from Korea will have a go next time is a bit short sighted. Never mind the rest of the world who will buy in. People are predictable and greedy, if there is a chance they will do it. Maybe the signs aren’t there yet, but it will happen I’m 99% sure
IK26 reacted to fatlever in lol - bull run soon.
E-Trade is planning on offering Bitcoin and Ethereum soon Ameritrade is offering Bitcoin soon Fidelity is going to be offering Bitcoin in October Ameritrade I think is adding Bitcoin then Ethereum and Fidelity is adding Bitcoin and then Litecoin until the Ethereum POS upgrade. Traditional institutions are wary of offering something like XRP so I don't see any big inflows into XRP before it hits Bitcoin which is only being rolled out slowly.
IK26 reacted to Vengefulseven in Looking for guidance/collaboration on a project
Correct, I'm American FYI. This would indeed be a massive undertaking. The US is so advanced when it comes to actual treatment, but the finances behind it all are trapped in the stone age. It can be weeks or months between submission of a medical claim before the hospital even knows if an insurance provider will cover or deny a claim. Imagine if that process could be sped up to days or hours and a payment released upon the approval of the claim.
I think it can be once the tools are created.
IK26 reacted to Vengefulseven in Looking for guidance/collaboration on a project
First time posting here. I've been all over the Reddit subs for Ripple and recently started a sub reddit called Coil Community. It has been a lot of fun, but is ultimately a hobby.
To cut to the chase, I work in clinical trial finance. The flow of money between pharma and hospitals/private practice is ineffecient and an incredibly involved manual process. That is not even to mention the flow of money between. Hospitals and insurance companies whe we are talking standard of care treatment. There is a serious need for someone to shake this space up with innovation. I believe payments can go from weeks to months, down to days and even hours if we implement the right processes.
Now, I will not lie, it would be an enormous undertaking in an industry that is very slow to adapt to change, but with my background knowledge and connections on the finance side of things and someones technical knowledge, I believe it is quite possible to build an API that can link an existing Electronic Medical Record system with a pharma & insurance internal software to speed up the effeciency of how claims are processed and how money is moved.
I'm looking for someone with coding experience interested in getting in for a stake in this concept. My knowledge is very limited on the tech side.
Excuse any spelling errors. Did this on my phone.
IK26 reacted to BobWay in List: The Voices in Bob’s Head
So I’m done evaluating client software and planning what I want to share. I’ve also setup a bunch of demonstration accounts on the test net.
I have a decent deck for the first session. I may add a couple of animations to it tomorrow just for clarity.
So really, all that is left is to pick a date and time to get started. I can’t wait to see what y’all have come up with.
I’m hoping we can work out a plan with two sessions each week about 12 hours or so opposite each other. That way, hopefully everyone will be able to find an acceptable time to participate live.
If we do those two sessions about 2 days apart, then those that want to can review the material from the first session prior to attending the second.
I’m going to start a couple of new threads so we’ll have a place to discuss the season details. I say a couple because I’m going to put some “back story” material into a Session 0 thread. I think many people will already know that material, but for those who don’t it should be helpful in setting context for Session 1.
If anyone has time, I’m going to do some Zoom.us conferencing software testing tomorrow to make sure I’m prepared. I’ll post when and where in this thread and on Twitter.
I’m hoping we can target a Session 1 date of Monday or early next week. I’d actually like to start earlier, but this is the one week of the year I seem to have booked up.
Tuesday: Medical scan Wednesday: Medical scan Thursday: Baton Rouge XRP Meetup Friday: New Orleans (Birthday) Sunday: Mother’s Day
IK26 reacted to BobWay in List: The First Rule of Book Club... (Please Read)
I realized a while back that I always had a bunch of "great ideas" that I clung to (very privately) because I thought they were "valuable". The problem was I wasn't acting on those ideas. As I learned more about "value" I realized I was completely wrong. Nothing is valuable unless it is "liquid". Meaning you can trade that value for some other type of alternative type of value more handy at that instant.
So I changed my entire way of looking at the world! I decided to capture the value of my latent ideas by making them more liquid. In financial terms, I use them to buy a type of "future" benefit.
Here's how my system works. It's a type of contract or promise between you and me.
I promise to tell you all my "great ideas" openly and honestly at no charge or up front obligation. You promise that, if you take my great idea and run with it as a business or a project, you'll invite me to help you. (I love cool projects) You further promise, that if you get rich and I don't... I get invited to stay on your yacht. So if you accept these terms (or even if you don't), please introduce yourself below.
IK26 got a reaction from PJKElite in Chat: [Study Group] Introduce Yourselves
Hello Everyone, A little late in sharing by introduction, I am Inderpreet from Delhi, India. I am a Strategy Consultant working with the MNCs in consumer products space. In total, I have 14 years work experience. I am also active in water related environmental initiatives.
I discovered Ripple & XRP in 2015 and more active in reading and updating myself about it since last 6 months. I now look forward to learning more about XRP, Distributed ledger, Ripple, payments and remittances and how XRP is uniquely positioned to create internet of value.
I speak English, Hindi and Punjabi.
IK26 reacted to ADingoAteMyXRP in Chat: [Study Group] Syllabus
Others may disagree but to me these are equivalent terms.
If I have a bank account worth $5,000 with Bank of America, that’s equivalent to having a $5,000 trustline with Bank of America. They owe me 5K and I have trusted them to pay me if I ever call in that credit. In common parlance this is an “account” with that bank.
The reason it’s useful to say “account” in this context is that we’re talking about Rippling across the XRPL trust lines, whose relationships will be maintained in large part by custodians like BoA or Chase. So for example, if BoA and I have a trust line open (my BoA account), suddenly that trust can participate in value transfers for total strangers across the ledger.
Ultimately, accounts/trustlines are basically stablecoins (even the centralized ones that exist today!), which is why I’m bullish on stablecoins as a concept — they’re essentially decentralized bank accounts. But longterm I think paper-backed-digital currencies will be replaced by native-digital currencies (and digital-backed-paper). In my mind that’s inevitable.