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slipstreamer

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  1. Interesting. Although from the 1st link you posted, looks like it applies only to Washington State..? Additionally, the way I'm reading it sounds like given the rating that Moody's would provide, they would in fact be securitized, and the state would exempt its registration assuming the rating threshold is met..?
  2. This is a fantastic example and clears the air quite well on the security front. That said, if we take this and consider the notion that Ripple generates the majority of its revenue via XRP sales, it does not bode well for the long haul for them. This would mean their primary model would be as a commodity seller, and they are primarily creating products to facilitate the sales of said commodity. Otherwise they could have done Series C/D rounds, or retained earnings as a result of various other operations as opposed to using XRP to fund growth. This would give rise to a few problems in particular that come to mind: 1) XRP is finite 2) There are so many VC and various other groups that have invested in Ripple that, while terms may vary on their respective agreements, the growth expectations are all pretty given especially as some of these groups look to begin to exit per their fund mandate. 3) In lieu of XRP price rising (whether it be via utility gains or speculation), they have to continue selling XRP in order to generate revenue. Assuming xCurrent is a subscription based product it doesn't help that many competitors are wising up with their own options for transaction speed. This creates an increasing pressure for XRP sales, whether it be via pushing xRapid and ramping up sales to banks, or various other projects xSpring, etc. The increasing sales pressure places downward price pressure on the price of the commodity, similar to what the dairy industry has suffered with milk and why supply management is a thing in some countries such as Canada. Long and short of it is, hopefully they are able to find other reliable, defensible, and strong income streams aside from the sale of XRP. Food for thought.
  3. It's great that Ripple is able to fund a lot of initiatives to further spurn the adoption of the digital asset via XRP sales. It did bring up an interesting question though: 55B XRP was placed into escrow by Ripple in 2017, where did that 55B exist previously - was it already in Ripples hands and they had been sitting on it prior to placing it in a separate entity? Or was the 55B already circulating in the market? If the latter, did they end up paying market value to bring the amount back in-house? Would've costed in the high single digits of $B USD. Somewhat thinking it is the former, but curious nonetheless.
  4. I'm inclined to agree that Coil appears to be quite venture-y in nature which is why the potential hesitation in funding from partners. Additionally, the points you outlined in 2) make it seem like it has very security-like characteristics, perhaps not from the retail investor standpoint, but definitely so from Ripple's standpoint. Unfortunately that all isn't very comforting.
  5. This does bring up the two questions that I've had as of late: 1) What is Coil, and how does it directly relate to strengthening the XRP infrastructure and ecosystem? 2) Why must these ventures be funded via sales of XRP, as opposed to having capital raises and levering up the balance sheet? 3) Edit: Also, pardon my ignorance but I was under the impression that Ripple asserted their "decentralization" from the crypto in that they had little control over the XRP in escrow as it was a separate entity. If that is the case, how is it that, as mentioned in 2) above, they are able to use XRP from escrow to fund the initiative? https://coil.com/p/Hodor/Ripple-s-Q2-XRP-Markets-Report/PtwyGPFwt
  6. Your posts were fine, and informative. I tend to think and respond similarly. Also, I agree that our movements and words are really a drop in the bucket compared to the institutional capital, hence my very last line. That said, while I haven't fully delved into the jargon, I know what hodl and fud are, and one characteristic about the crypto community to me that I find quite curious is the strong sensitivity / somewhat visceral reaction to anything that may be construed as fud. It's quite strange because I have not seen such behavior in other areas of the investment sphere (I know, it is a digital asset and not a security), where it's a healthy practice to ask questions and not be codified under a certain group. Interesting way to think about it, I'll read up on those articles later.
  7. This is a wonderful post. I realize I misspoke when I mentioned that XRP is a "currency" so-to-speak rather than it's appropriate designation as a digital asset for exchange, measured against a basket of currencies. Terminology is in fact critical not only when it comes to underlining talking points when it comes to crypto, but also from a regulatory / legal perspective. I was unaware of the price effects on the order books on the exchange. It provides a lot more insight as to why Ripple would want XRP to continue increasing in value from a functional perspective, outside of funding additional projects for new use cases / partnerships. It was, at first. And then they came out with the Q2 releases from escrow, which spurned my questions. I don't see how this is far removed from what I asserted. Also, nowhere in my post did I use the word dumped. Thanks for all the info everyone. I don't quite understand why a few posters took my questions as an attack. I already stated that I'm new to here and to all of this, it doesn't seem very welcoming for someone who wants to come in that may have some skepticism (and people like me are definitely not the minority). Which all seems counterintuitive to the aim of on-boarding as many adopters as possible - although still barely a dent compared to banks.
  8. @Raz @Tinyaccount Thank you gentlemen for the keen insight. No, I'm not trolling, simply trying to understand the market dynamics better. It makes sense that what I say matches that of what retail investors have echoed - a lot of my reasoning comes from understanding from that sphere of thought. I'm sure I'll have more questions in the coming days but this is a decent bit to ponder on for now.
  9. Your entire post makes no sense. 1) Who said anything about advice. I want a discussion on the points I've posited. 2) This subforum is literally called: XRP Trading and Price Speculation. It fits the bill. 3) Yeah, I'm gonna double down on that based on what I've heard from you so far.
  10. I've already said it - I've used it as a hedge against the USD, not as an investment primarily. I came here looking for informed answers from intellectuals who may have thought of these things from a legitimate investment standpoint because I actually want price appreciation (who wouldnt). You don't appear to be one of them unfortunately.
  11. And how is it not? The partnerships may mean nothing because while the partnerships create demand for XRP, this demand is satisfied not by your XRP, but by that of which is in escrow. XRP doesn't seem to appear as an investment moreso than it does as a currency. It does not appear to be designed to be a store-of-value like a commodity, but rather than a means of exchange and liquidity for banks (which it does well). Do you invest in companies or do you invest in euros / pounds / yuan / etc.? Ripple the company, and its platform looks like the good investment (which is why they have so many sponsors) but not XRP unfortunately. I'd gladly be informed otherwise but this isn't really all that compelling.
  12. Hi, new here, and to all of this. I've been following XRP for the past month, reading articles on partnerships, speculation, forum posts (even that long thread earlier this year with Bob). I also read up quite a bit on other cryptos, including the whitepaper on Bitcoin and on Libra. As a person who works in finance and understands a decent amount, I have a few thoughts and wanted to see if I'm seeing eye to eye with others: 1) It appears to me that Bitcoin has taken the form of somewhat of a store-of-value commodity, not unlike gold, and price movements are driven by pure speculation / demand / hedging. I don't have any BTC but it seems unlikely that it's being used for its original intent (currency/payment option) due to its price..? 2) This leads me to talk about XRP. I have purchased some earlier this month as a potential currency hedge against the USD, with the growth upside due to speculation / adoption being the bonus, but not the core reason. What I find intriguing is the relative stability around the .28-.32 range that XRP has maintained in USD. 3) Ripple has been establishing a lot of significant partnerships, especially as of late (MoneyGram, etc.), and yet you see significant price movement that ultimately reverts back to the original mean in that .28-.32 range. Unsurprisingly, we see a press release stating that Ripple has released close to 1B XRP from escrow in the same quarter of the MoneyGram partnership. I know that it states that the money generated from the sale was used for other initiatives as well, (xSpring, etc.) so I don't know the allocation to bolstered xRapid use, but it does drive some further thought: 4) First and foremost, wants XRP to be stable because that is exactly what their potential banking / institutional partners are wary of when being propositioned to adopt xRapid. Sure, transactions settle within seconds and so the volatility is not felt so hard, but the fact of the matter is that volatility within the cryptocurrency space is extremely high, especially when you compare it to currency volatility, which is what Ripple seems to have intended to do since the beginning: use XRP as a currency, a medium of exchange for faster transaction resolution and cross border remittances, NOT a store of value of which to speculate on. 5) This means, that the periodic release of XRP (apparently it's automated or they have some kind of function that determines this, not quite sure) is intended to stabilize the price of the currency to which it behaves as exactly that---a currency. How long did it take for you to see the USD go up in value by 5x? (Trick question, you'd actually have to go the opposite way -- back in time 50 years due to inflation). 6) While XRP is ultimately deflationary, the value is really tied to what's in circulation. The fruit in the tall trees don't matter to the ground animals who can't climb, only that within reach matters and is what they fight over (demand / value driver). 2 wolves can fight over 2 apples on the ground, with 50 apples in the trees they can't reach. Big wolf that can eat 3 apples arrives, those two apples are now much more valuable. Thing is, the trees have an automated function so that now the big wolf has arrived, it drops 3 more apples. Everyone's as equally "satisfied" as before. Sorry I'm not a zoologist lol but you get the picture. I don't really believe in the charting / technical analysis stuff because of its transient and behavioral focus and prefer to focus on real, fundamental, economic drivers. Let me know if there's something I'm missing because just as much as you guys I'd like XRP to go up too. Cheers
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