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  1. Thanks
    PunishmentOfLuxury reacted to BobWay in Answer: Bank's and XRP   
    Just to be clear, I have great respect for Brad as a leader and also complete confidence in the direction he has steered Ripple. If I didn't I wouldn't be holding XRP nor here talking to all of you.
    However, Brad and I don't have the super close friendship I feel for Stefan, David, Arthur, Nik, Rome and many other Ripplers. I'll defend my friends to my dying breath. But expect me to give Brad some **** if I ever think he makes a bone headed move. After all, he still is "the new guy" to me. 
    That said, let's be a little realistic when we analyze what happened in 2018.
    Through January while XRP was up 1,000 times in six months, everyone in banking thought they might get promoted for recommending their bank jump on the XRP bandwagon. Later in the year, with cryptocurrency down dramatically, those same people were likely wondering if they would be fired for suggesting they push forward with cryptocurrency. After all banks pride themselves on stability. Going "all in" on volatile assets is not how most banks want to be publicly perceived.
    But here in 2019,
    Small banks are still being overcharged by big banks for the international payment services they need to provide their customers. Remittance companies still have liquidity problems and trouble getting banked. Customers are still having payments go missing, even after paying exorbitant amounts. The problems are still real. RippleNet and xRapid's solutions still solve them.
    What I expect to see is:
    Smaller banks and payment services companies moving the fastest towards XRP as a new liquidity alternative. People at those banks get promoted for creating better and cheaper services for bank customers. Larger banks favoring RippleNet's end-to-end payment synchronization solutions. Nobody ever gets fired for improving internal efficiency, reliability and compliance of traditional products.   That's my bet on the next steps toward money's future. 
  2. Like
    PunishmentOfLuxury reacted to Julian_Williams in Q1 2019 XRP Markets Report   
    I take another view:
    There are two things that will drive up price. 
    1. Mass adoption driving up vol and demand driving up prices.  Most of us think this means XRapid usage taking over some of SWIFT's market but we should also remember that exchanges and banks joining Ripplenet also create demand when they buy stock OTC from Ripple.
    2. Confidence creating speculation that the tokens are undervalued and a good buy that will double, treble or quadruple sometime soon.
    These two factors are related but not in phase.  We are in a very early testing and adoption phase of development in the XRP ecosystem.  This has been dubbed the phase when the tokens have "no fundamental value" by Kitao and "euphoric phase" by the WTO on their website.  These are the two sides of this phase, you can recognise the "no fundamental value" aspect one minute and be a "euphoric speculator" the next.  Being in this phase there is only one way that the price of XRP is going to rise: Early signs of adoption create confidence creates euphoric speculation creates demand for XRP. 
    The Bitcoin Max are doing their damnedest to make you think XRP tokens have no fundamental value.  When I read threads like this one it is obvious that even on XRP chat, a place where XRP nut-cases gather, confidence has drained away.  If you are going to allow something as irrelevant as XRP OTC sales to sap your confidence, then don't expect anyone else to invest in XRP either.
    Ripple are interested in one thing only, and it is not XRP price.  They are only interested in setting up the conditions for early adoption followed by mass adoption.  You are free agents to buy their tokens or not, and they have no moral duty to care about whether you make or lose money.  They are not using you, they are doing their job.
    For myself my confidence grows every month.  It grows with the news that OTC sales are going up every quarter.  Nothing that happens to the XRP price right now really has much effect on my confidence because it is irrelevant.  
  3. Like
    PunishmentOfLuxury reacted to edwin90 in Q1 2019 XRP Markets Report   
    Of course they may sell as much as they want and keep the money. Just as community may hardfork xrp ledger to exclude Ripple wallets.
    Formally it's probably all ok but informally there are some dynamics in my opinion.
    I'll probably soon regret this post as I know Ripple did/does great things but emotionally, to be honest, I don't like 100m's of quarterly sales in a row when the price is about -90%, not even knowing which data they use for the programmatic sales (CMC?), after being hit by founder wallets, OTC sales and XRP donations paid in USD by the community.
    I hope they have smart market analysts who know what they are doing or perhaps some cat in the bag, but the lack of communication (perhaps for a good reason I don't know about) combined with such sales and having a bad day annoys me a bit.
  4. Like
    PunishmentOfLuxury reacted to Tripple in Q1 2019 XRP Markets Report   
    This report has ****** me off.

    If Ripple is going to 'distribute' the vast majority of the supply of XRP based upon nominal volume from a data arbitration site with widely recognised deficiencies (suppressing the value of the asset in the process) then at the very least I want to see a more significant degree of real-world XRP usage come into fruition within the timescales that Ripple had initially indicated, and a corresponding growth in the value of the asset.

    When I first invested in XRP I had assessed a 3-5 year investment horizon, given the information available at the time, but; Ripple's programmatic selling, relatively mediocre institution sales, and lack of forward progress in XRP-related terms has pushed that back considerably. So far it's been delay after delay, and numerous semantic clarifications (likely due to the ongoing litigation) after their initially ambiguous promotion of partnerships and the role of XRP within their technology suite. 
    I'm not a charity worker, as an investor I want to have a reasonably positive outlook on the following questions:
    1) Will Ripple be instrumental and successful in building out the XRP ecosystem before they bleed the ecosystem dry trying to do so? 
    2) Will that success be reflected in the value of the asset beyond its speculative value?

    Ripple can't claim to be distinct from XRP as a digital asset whilst being so heavily reliant on the capital of investors in the XRP ecosystem. Someone buys in, and they cash out. I invested in XRP, not Ripple, but given Ripple's holdings it's prudent to question the direction they are taking in relation to XRP. To me it seems like they're milking it for capital, not letting it grow organically. As for future value... Naebody knows, because there's no precedent. 
  5. Thanks
    PunishmentOfLuxury reacted to richxrp in Q1 2019 XRP Markets Report   
    Actually at current rate ... approximately 15 years.   2.5 years for 51% distribution.. Assuming distribution rate is constant.. if it increases, it will be shorter. If it decreases, it will take longer.

  6. Like
    PunishmentOfLuxury reacted to Warbler in Card2xrp.com - a new service to buy XRP with a bank card   
    OctillionSA (Bithomp) partnered with SafelloAB to offer a new service: https://card2xrp.com where Europeans have a simple way to buy XRP with a Bank Card. 
    The best experience will be for countries: Sweden, Norway, Denmark where users can use BankID, nemID and Swish. 
    The video is for BTC, but its the same experience for XRP  
  7. Like
    PunishmentOfLuxury reacted to JannaOneTrick in Credit Agricole and Santander to merge their custodial services   
    Nothing fundamentally new, but this time directly from the Crédit Agricole website.
    I had given up as there is practically no new info as to the extent of this partnership, the reasons etc.
    But it definitely looks like they are preparing for some major institutional investment, and they want to be competitive.
    They increased the size of their institutional custody (hello, anyone?).

  8. Thanks
    PunishmentOfLuxury reacted to Paradox in Any good ideas for distribute XRP?   
    I have a feeling you'll be waiting quite a while to "see what the SEC thinks about it".   Not that it really matters anyway, since the SEC does not create law or make "rulings".  Any legal designations will be decided by a court, not by the SEC.
  9. Like
    PunishmentOfLuxury reacted to Paradox in SEC and escrow   
    I am starting to get exasperated here.
    @musclehog @Caracappa - The SEC does not issue rulings.  Full stop.  There will be no "ruling" on XRP provided by the SEC.   They may offer an opinion or "guidance" in the form of a letter that describes their position on XRP, but any declarations or opinions offered do not constitute law.   I repeat,  the SEC does not make the law.  Whether or not XRP is a security will be decided IN COURT,  not by the SEC.
    I understand most people here don't have a legal background, but in my opinion it is vital to take the time to fully understand how the SEC actually functions and the enforcement powers granted to it, as well as US legal procedures with respect to securities law.
  10. Like
    PunishmentOfLuxury reacted to dik in XRP TipBot Working on a Banking License   
    Todaysgazette: wasting my time by copying information from twitter without doing any effort to provide more detail or context to the story.
    @Wolex: wasting my time by copying a link to this "non-article" without any effort to provide more detail or context, not even bothering to make the url clickable.
    Me: wasted my time clicking this post, following that link, now writing this, while thinking how this can be improved, by reputation ranking of linked sites, and posters through tipping.
  11. Sad
    PunishmentOfLuxury reacted to Freaky in Ripple's employees dumping their stash?   
    yeah, that book club has a funny stench to it.
    I like the study group. Very easy way for Ripple to conduct market research with excited shills.
  12. Like
    PunishmentOfLuxury reacted to r0bertz in Why to use regular key and disable master key and How to do it with ripple-desktop-client   
  13. Like
    PunishmentOfLuxury reacted to Roaring_Twenties in French / European / Worldwide Regulation - Paris Blockchain Conference April 2019   
    "Vive la France!"  He even went to Washington to try and talk sense into them.  I'm glad he's as motivated as he is and I'm glad France has leadership willing to make a move.  Having a country take the lead and start to enjoy the rewards is exactly what it will take to get other nations to make a move.  And that will benefit all of us.
    Outstanding work @JannaOneTrick - you've been really crushing it lately.
  14. Like
    PunishmentOfLuxury reacted to Paradox in SEC and escrow   
    The SEC doesn’t make rulings, their job is to “enforce” the existing securities law.   In my personal opinion, if the SEC wanted to bring an enforcement action against Ripple regarding XRP (which would then leave it up to a court to provide the actual ruling), they would have done so already.   Furthermore, public opinions or “guidance” provided by SEC does not constitute actual law.  It is merely a statement of the agency’s position.
    Like any government agency, the SEC has limited resources at its disposal.  Going after Ripple/XRP would not only be a very expensive endeavor, it is also not a clear cut and dry case from a securities law perspective.   The SEC is much more likely to spend their resources going after ACTUAL scams and blatantly fraudulent ICOs etc.
  15. Like
    PunishmentOfLuxury reacted to BobWay in List: The Voices in Bob’s Head   
    Good morning everyone!
    If you have been following me here, you'll soon realize that I invited some new people to the club from all around the world. I hope you will welcome all of them as graciously as you have me.
    One of those new members @Kerin_Way is my son Chris. He's joined to meet the community, learn, and to help me get organized and moving forward more productively. He'll be introducing himself shortly.
    Thank you again to the operators and mods of XRP Chat who have created this awesome space for me organize (in theory ) my discussions with the XRP Community.
    To those who are new to "Bob's Book Club". This is my presence thread.  I post what I'm currently thinking about and working on here. Part of that is vanity. But mostly it is just to keep people informed while they are patiently waiting for me to respond about a topic they are passionate about.
    The rest of the "book club" is made up of topics and questions that members of the XRP Community have been passionately interested in. I've done my best to answer those questions and explain those topics a thoroughly as I can. Please continue asking new questions if you read something you don't understand. For those wondering how this all got started. Hi! I'm Bob is the original 50 page introductory post I made back in early March. I hope you will all find something interesting to read while we are all getting organized.
    This morning I'm working on a longer post explaining how my original goal of "writing a book" has morphed into a broader mission of increasing the worlds understanding of "rippling payments." This topic includes XRP, the XRP Ledger, ILP, Ripple, COIL, money itself and the current financial system (both how it works and what it lacks). I'm also going to explain how I've come to believe that simply my writing a book will not affect the change I would like to occur. I simply would not be a sufficient medium to meet everyone's learning needs.
    I'm also working on a post introducing the awesome study group members who responded to the video I posted above at the beginning of the week. Thanks to all of you! Especially the ones that now have to track yet another social media account!  I know coming here will be worth your while.
    I'm going to be continuing discussions about the "study group" here in this club. I'd like existing club members and the broader community to be able to follow along. This is also where I'll be posting and/or linking to the material I present and the recordings of our sessions. I'd like this club to continue to be the initial place where new XRP Community members come to ask questions about "rippling payment" and the material we'll be jointly creating and discussing
  16. Thanks
    PunishmentOfLuxury reacted to JannaOneTrick in Spring Meetings - R3 - World Bank - OECD - Bank of Canada   
    April 11, 2019 | 13:00 to 14:30 ET, 17:00 to 18:30 GMT
    Atrium, World Bank Group Headquarters, Washington DC
    A flagship event of the 2019 Spring Meetings on Thursday, April 11 brought together a panel of fintech experts for a lively conversation on the wide-ranging opportunities and challenges of technological innovation in the capital markets, along with important legal, regulatory and competitive considerations.

    Overall it was a very interesting video to watch. The moderator was very professional and provided to a very pleasant discussion with the panelists.
    There is no strict mention of Ripple or XRP, but some parts of the video pricked up my ears.
    I will give a timeline for each speakers and provide a very succinct summary of each speaker's intervention.
    At the end of the panel, there is a Q/A.
    00:00:00 - Introduction from the World Bank Managing Director and Chief Administrative Officer.
    00:07:21 - Presentation of all the panelists by the moderator.
    00:09:00 - Question to R3
    00:14:08 - Question to the Bank of Canada
    00:17:48 - Question to the OECD
    00:26:45 - Question to the Milken Institute
    00:39:32 - Question to R3
    00:46:18 - Question to the Bank of Canada
    00:51:52 - Question to the OECD
    00:57:39 - Question to the Milken Institute
    01:01:45 - Question to all and R3's answer
    01:05:54 - Milken Institute's answer
    01:07:10 - OECD's answer
    01:08:30 - Bank of Canada's answer
    01:10:30 - Questions
    01:15:35 - Bank of Canada answer to privacy question
    01:18:10 - OCDE answer to ICO's question
    01:21:45 - Milken Institute's answer to M-Pesa vs Blockchain question
    01:25:34 - R3's answer on energy issue and R3 Corda Settler advantages over PoW protocol
  17. Like
    PunishmentOfLuxury reacted to tev in Scenarios of the Crypto Bear Heading into 2020   
    There are three distinct mainstream public perceptions. The first is that crypto-assets are the “peer-to-peer electronic cash” of Satoshi Nakamoto's paper. The second is that they're custodial schemes controlled by entities of uncertain trustworthiness. The third is that they're investments.
    Members of the public who hold the first perception are understandably averse to speculation, but they will be happy to use peer-to-peer electronic cash once the following concerns about it have been addressed to their satisfaction:
    It's so volatile that market gyrations can disrupt ordinary purchases of goods & service while a transaction is in progress Its volatility can wipe out the value of your spending money just when you need it It's too traceable for your own security. Pay your rent in XRP, and your landlord will look up your XRPL address and work out how much of a rent hike he can squeeze out of you. And his underworld friends know if you're a worthwhile target for extortion. Its traceability compromises its fungibility. (The fix is for courts/legislators give it the same legally enforced fungibility as cash. but that hasn't happened yet except (?) in Japan. Slightly easier for XRP than for BTC since the latter is made up of UTXOs.) It's not traceable enough! Governments, fearful of pseudonymous addresses for various good and bad reasons, may choose to wipe out the value of your spending money just when you need it. Members of the public who hold the second perception are wrong (at least, for the top handful of crypto-assets by market cap). It's not their fault though, because the quality of information in the mainstream media is dismal.
    Members of the public who hold the third opinion are also wrong, at least in the context of XRP and BTC. Some  of them are confusing investment with speculation. As it happens, cryptographic signatures are an excellent way to prove/manage the ownership of an investment such as a share in a company, and an honest ICO is offering exactly that. But using the word “investment” to describe an XRP holding is semantically wrong. You wouldn't say “I have an investment in USD”, and there's no reason to use the word differently when you're talking about XRP. Gold speculators make this mistake too, so perhaps that's where it came from. The raison d'être of a [share in a ] company is to make money, and that's why it's semantically valid to call it an investment; but it would be ridiculous to claim that gold, USD and XRP exist in order to make money.
    So, @7Bs, your carbon credit analogy is quite thought-provoking. Carbon credits were invented to solve a problem (global warming), but we don't know yet if they're going to succeed. The coupling of cryptographic signatures to decentralized ledgers is intended to solve various other problems (banking recklessness, cross-border payment inefficiencies…), but we don't know yet if they're going to succeed. Cross-border payment inefficiencies are not something the public gives much thought to, except for migrant workers.
  18. Like
    PunishmentOfLuxury reacted to KaaKaRmA in Chat: General   
    If your new project is to help educate the XRP community, I’d strongly recommend distancing yourself from the BG123 saga. It’s a troll who broadly connected a few guesses out of many, which many cult followers now tie him to being a high ranking insider sitting around creating complex riddles all day and releasing them on the internet.  This is the exact thing that makes the community look like a joke. Any help you can give on guiding and educating the community on the technology and use cases will hopefully help shift the focus back on fundamentals and result in less investing on a cartoon bear who promised them $589 by eoy 2018. 
  19. Like
    PunishmentOfLuxury reacted to itcdominic in Public Speakers - Crypto Info   
    I think the timing is right for legitimate speakers to start a speaking series around the country, and the world.  The series would be targeted toward those individuals and companies out there trying to understand the industry of blockchain and crypto..  I know this will become an opportunity for scammers or snake oil sale-teams to capitalize on but I do think there is a market of hungry people wanting to learn more from legitimate sources/speakers.
    I posted on my community Facebook page to invite anyone interested to listed and had a lot of interest from my community.
    One could hold classes for a fee with assistance setting up wallets, introducing people to hardware options (sponsors like Ledger Nano, etc)....  include some free crypto or prizes.
  20. Like
    PunishmentOfLuxury reacted to Truckdriver in Public Speakers - Crypto Info   
    @BobWay is conducting an educational group of about 30 individuals to do something similar. He wants to get this small group up to speed with the same knowledge he has about Ripple/ XRP. Then once they're educated with the correct knowledge base they then can spread the " crypto gospel " to the masses. I agree with your sentiment there should be more education on crypto,  so more good people can be early adopters as well. I know when I try to explain about Ripple and XRP to friends and family I get the enviable eye rolling and arms crossed or f**k that. By the time the mainstream  media starts spreading the news the train has already left the station. 
  21. Like
    PunishmentOfLuxury reacted to JannaOneTrick in DLT will revolutionize not only Finance but also International Trade   
    A few days ago, I opened a topic regarding the vast positive effects in regards to the FX market and International Logistics.
    One of the key elements I highlighted was the Letters of Credits issued by banks to help exporters / importers conduct their operations;
    because of how highly tied the Letter of Credits are with the Correspondent Banking system.
    As being one of the core of my studies, I always was passionate about International Trade and its organizations (IMF, WTO...). Hence I wanted to give the people another look of the DLT potentials.
    You can find more details on this here:
    Today, after researching within the World Trade Organization website, I stumbled on a hefty and interesting document:
    If you go to page 21 - 22, (pictures below), you will find the traditional trade finance process, which is extremely cumbersome.
    Also, you will have an overall distribution of the players within the International Trade as well as the contracts and documents these players use to perform exports / imports.
    Among those documents there is the Letter of Credit, to which I gave a particular attention a few days ago.
    The document is a gold mine of information that resonate with Ripple technology and how their employees are marketing their solutions.

    Here is a couple of quotes:
    Blockchain can revolutionize international trade towards paperless trade:
    Blockchain could facilitate national G2G (Government to Government) and certain B2G (Business to Government) border procedures:
    There are many mentions to Ripple throughout the document, but nothing unknown in that perspective.
    The bottom line is, the developments provided by DLT far surpass what we commonly think and, in that regard, Ripple' solutions, given its compliance with banks, are a perfect fit to upgrade the International Trade and Logistics as a whole.
    As I see it, I am definitely convinced DLT, and Ripple, will dramatically enhance International Trade as we know it and alleviate its highly fragmented system.

    And below you will find 2 other documents, published by the Boston Consulting Group that works closely with the WTO.
    These documents also emphasize on how International Trade and Logistics need blockchain.
    Resolving the Blockchain Paradox in Transportation and Logistics
    Pairing Blockchain with IoT to Cut Supply Chain Costs
  22. Like
    PunishmentOfLuxury got a reaction from WillGetThere in SBI Virtual Currencies delists Bitcoin Cash [BCH] in response to Binance's Bitcoin SV delisting   
    Well, Kitao-san was recently snapped sitting with Shamtoshi. But SBI doesn't list BSV does it?
  23. Like
    PunishmentOfLuxury reacted to smoothy in Ripple's employees dumping their stash?   
    1. He does not provide any information that proves that this is a wallet owned by David Schwartz
    2. If it were to be a wallet owned by DS, than the only thing we can see is that a lot of xrp has been moved to coinbase recently. This does NOT mean that they are sold there. A few possibilities:
    - the owner is a market maker and wants to make market on coinbase
    - the owner wants to have his xrp in place, ready for the next bullrun. He is setting his selling orders, but way above the current price
    - the owner wants to move his funds to another wallet so nobody sees how much xrp the owner has (this is a great way of doing this, I did the same: XRPL -> coinbase -> XRPL (new wallet))
    - the owner is selling it all because he has some bills to pay
    - .....
  24. Like
    PunishmentOfLuxury got a reaction from Cesar1810 in SBI Virtual Currencies delists Bitcoin Cash [BCH] in response to Binance's Bitcoin SV delisting   
    Well, Kitao-san was recently snapped sitting with Shamtoshi. But SBI doesn't list BSV does it?
  25. Like
    PunishmentOfLuxury reacted to JannaOneTrick in French / European / Worldwide Regulation - Paris Blockchain Conference April 2019   
    Just a heads up
    Our Minister of the Economy and Finance is working very closely with Christine Largarde (IMF)
    and is VERY BULLISH on digital assets
    He wants regulation ASAP
    France is on-board and full stream ahead
    The Paris Blockchain Week is underway.
    And I have a very interesting conference by our Minister of the Economy and Finance, Bruno Le Maire, just below.
    Also, I provided a thorough interview, all the way down, that you can google translate.

    "We have all the assets to make France a country at the forefront of the #Blockchain. Discover the Blockchain strategy of France in my interview @MagazineCapital."
    Start at 3:15:20
    Dan Morgan is also in a panel discussion, starting at 00:19:20
    Or on Youtube, but you will have to read the transcript below
    Word for word
    Capital is a monthly French economics and business magazine published in Paris.
    It is a thorough interview, the one he mentioned in his tweet above. You can google translate it, it is very detailed and optimistic.
    I want to thank you for reading it through.
    It took me 3h overall to do this post and make it as easy to read as possible.
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