Jump to content


  • Content Count

  • Joined

  • Last visited

About BurnBag

  • Rank

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Update from Bloomberg: https://www.bloomberg.com/news/articles/2020-02-26/ripple-must-face-lawsuit-alleging-illegal-xrp-sales Relevant piece:
  2. I don't expect this to be the final iteration of xSongs. And it may inspire something much better. Lucky, I agree with your point that an intermediary may be necessary to facilitate equitable distribution, privacy, copyright verification, etc. However, I think you're overlooking XRPL's payment channels as an answer to your scalability hangup. The developers don't appear to be nincompoops. Micropayments are a key element of the Internet of Value strategy. I can't imagine they'd pursue meaningful uses of XRP micropayments if TPS limits were a concern. Plus, Chris Larsen has spoken about using Codius to facilitate "a billion times a billion transactions per day" in global payments. That's a quintillion transactions.
  3. Each offspring outcome is 50/50, sure. No birth's outcome influences another. But traders and investors are certainly influenced by past outcomes in making future predictions. This entire forum is evidence of that.
  4. Still waiting for government regulation. That is all. Confident that there are enough clients, partnerships, exchanges, corridors, etc. waiting in the wings. A green light will make all the difference.
  5. Agreed. I would go one step further and say that even people with privileged information maybe don't care and don't understand the implications of XRP, Ripple, etc. For them, it improves their company's remittance speed.. so what. My friends in finance have little knowledge and zero interest in Ripple, XRP, and the DLT ecosystem. It's staggering. I think our community continues to overestimate the awareness and interest of both the public and private sector outside of leadership positions.
  6. Correct, we are saying the same thing regarding sustainability. The Ellis idea relies on a single exchange to be the catalyst - this won't work. The Schwartz idea relies on market demand. Not much meat here.
  7. The only similarity is the idea of a quick price increase. David Schwartz appears to be saying that steady XRP appreciation would present value and new investors would catch on, driving the price up quickly. The Shane Ellis theory is that ODL customers (xRapid at the time of Ellis's public theory) would buy up a single exchange's order books "overnight" to say - $500 - to expand liquidity for larger movements. This idea falters when it assumes all exchanges' prices for XRP would climb and sustain the new price level.
  • Create New...