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Everything posted by cmbartley

  1. I have no idea but Ripple keeps saying its sales were less than 1% of global volume but that doesn't mean they sold less than 1% daily, this is likely reported for a given trading period. Meaning their sales could have constituted a much larger % on news days and 0% of volumes on other days. When they sold matters. It became a joke on XRP Chat that good news always seemed to lead to a drop in price, maybe it wasn't a coincidence. Not to mention that Ripple doesn't report what percentage of volume sales from BG, CL, and other Ripple employees constituted.
  2. My point was they have raised traditional funding. I was quoting a comment that suggested that they haven't. I've read much of the SEC filing. Agree that short term it is bad for Ripple and for XRP. This being dragged out for a long time would be terrible for diehard believers who will not sell under any circumstances. Their unwavering fealty may be rewarded by getting a front row seat to the price of XRP drifting toward zero.
  3. See: https://www.crunchbase.com/organization/ripple-labs Worst case scenario? Attrition due to lack of legal clarity for years.
  4. Such an important question that I've never really seen answered either.
  5. https://www.forbes.com/sites/shehanchandrasekera/2020/12/08/spark-token-airdrop-comes-with-a-tax-bill/
  6. Their stock has performed quite well this year. It's outperformed the COVID-19 stimulus-driven bull market
  7. Sorry, haven't been following this too closely. Other than XUMM, which wallets/exchanges will facilitate FXRP claims?
  8. Nomics gives them a C for transparency... https://nomics.com/exchanges/bkex#statistics
  9. I logged in just to see if you had any idea what was going on? Something to do with Huobi maybe?
  10. When you consider Ripple implementing PayID on RippleNet, PolySign providing bank custody and implementing PayID, Avanti bank launching as a fully regulated crypto bank in WY, and crypto ecosystem participants implementing PayID, it's easy to imagine how value could start to move like email...
  11. https://m.facebook.com/plugins/video.php?height=360&width=640&href=https%3A%2F%2Fwww.facebook.com%2Fripplepay%2Fvideos%2F617111655572927%2F
  12. I'm talking about existing members. Which includes banks, payment providers etc. I agree that this will be a very tough road to hoe.
  13. BRD does? Did they fix it? Didn't work with my RT name.
  14. Agree. The major hurdle is going to be adoption. Hopefully Ripple can push Ripplnet members to adopt PayID for interbank transfers. That would be a nice first step.
  15. Yes, they support XRP: https://brd.com/blog/XRP-support-iOS They may not support X-addresses though...
  16. I provided an example of how PayID could be used to simplify payment addressing from a "UX" perspective. That is all. PayID is conceptually richer than payment addressing, but the conversation in this thread is still at the surface. We haven't even ventured into other aspects like how it handles the travel rule or how it can (theoretically) marry with decentralized identification it could give users more control over their money WITHIN the existing legal framework. The broader benefit of PayID seems pretty straightforward. The point of PayID isn't explicitly to get people to drop Venmo etc. So I'm not sure why people are trying to read that into it. For years David has made a pretty transparent argument: anything that increases adoption of crypto benefits Ripple and XRP even if their share of the crypto market stays the same. If you have 1% market share for selling widget X on the internet but only 1% of the population is connected to the internet, it's to your benefit promote internet adoption because your total sales are expected to increase even if your internet market share remains at 1%. The same is true for Ripple and XRP—they benefit from growth in the crypto market even if their share of the pie remains flat. These are still early days and the majority of members of this consortium are crypto or crpyto-adjacent companies. So we'll see if how much support PayID gets. I think Ripple's Trojan Horse is RippleNET. If they can implement this addressing scheme (say in mobile and web apps) among non-crypto users on Ripplenet (e.g. bob$santander.com -> alice$mufj.jp) financial service clients will acclimate to that payment addressing scheme. From a user perspective then it's a small leap to go from interbank payments to say bob$moneygram.com -> alice$santander.com. And from there there's no mental barrier to making a payment from bob$santander.com -> alice$bitstamp.net (but there is a HUGE cognitive load in trying to send from a bank account to a bitcoin address). Again, I'm only speaking about the UX perspective.
  17. Xumm is able to resolve bithomp payID addresses, but BRD isn't. Any idea why?
  18. Not sure what you're so huffy about. That paragraph was written in the future tense. This is what it "could" look like etc. I said nothing about existing payment rails.
  19. I didn't say that it was an atomic swap platform. I said that if payment rails already exist,l between two parties, PayID simplifies payment addressing.
  20. I'm saying that the Australian initiative (https://payid.com.au/) and the Ripple-led initiative seem unrelated.
  21. Is there any evidence that payid.org is related to the payid AU initiative? I don't think so. FlashFX might be able to comment.
  22. It's a standard format for payment addresses. Just like name@example.com is a standard email address format, PAYID members have agreed to use name$example.com as a standard payment address format. Just as email addresses can be issued by email or domain service providers, payid addresses can be issued by payment service providers. Just as an email address abstracts away an IP address, a payid can abstract away account numbers or long complicated crypto addresses. Payid isn't a payment architecture (i.e. payid payments aren't made through any specific network), it's just the payment addresses. So it can work for payments between any two parties who adopt the payid scheme and have established payment rails between them. From a UX perspective, this is much much better. You don't have to remember long crypto addresses or account numbers. It also makes it easier to make payments across networks that interoperate. In the current world of siloed payment networks, implementing an addressing scheme for making payments from Chase to a bitcoin account would likely lead to a solution that doesn't generalize. Payid is a general solution. So rather than you trying to pay me from Chase bank account #363552837; routing #222002847 -> bitcoin address 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX the resulting payment flow from a user perspective could look like you$chase.com -> me$bitcoin.com. Pretty. Ripple believes that by removing barriers to interoperability, more payments will naturally flow through crypto which will in turn increase volume through RippleNet and XRPL.
  23. Anyone have the list of who's actually gone live with payid?
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