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lucky

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  1. lucky

    xRapid - The Beginning Game

    Would you agree that value of goods and services are commonly expressed with a price? Price being: x number of units of something else? So, price being a numerical expression of the value of something?
  2. lucky

    xRapid - The Beginning Game

    Lets first sync our lexicon. Can you agree on using the Oxford English Dictionary? To my understanding value is not a theory but a concept. Using a number as value only makes sense if you also specify the unit of account. 0 what? Cows?
  3. lucky

    xRapid - The Beginning Game

    That's not true. XRP ledger is a human creation, a large number of very bright people have invested a substantial amount of their time to create it, and continue to improve it. 1 XRP represents 1/100,000,000,000 of this collective intellectual product. If you consider this nothing, you can consider all products of intellectual effort nothing ("created out of thin air!") and having a value of 0: all literature, all art, all music, all software.
  4. lucky

    xRapid - The Beginning Game

    Sweetheart for the third time, there is no such thing as XRP outside XRP ledger, so whatever you consider to be XRP outside the ledger, is the very same thing as XRP inside. XRP is a digital asset with an owner, just like gold. You can consider the XRP ledger the safe of this asset, but the asset never leaves the safe. And while in the safe, you can sell it on the market, the price of which determines its current value.
  5. lucky

    xRapid - The Beginning Game

    Again, there is no such thing as XRP outside XRPL. The current market value of 1 XRP is around 0.32 USD. That means that there are people that are willing to pay you 32 cent per XRP to take over the ownership of your XRP, in exchange for dollars. If you agree to sell 1 XRP for that price, at the end of that transaction you have 32 cents (worth 1 XRP), and the buyer has 1 XRP (worth 32 cents).
  6. lucky

    xRapid - The Beginning Game

    When a payment enters the ledger, the ownership of some XRP is transferred from one account to another. Its value does not change, only ownership changes, value remains same. If previous owner happens to live in another country than the new owner, value has crossed borders with that payment, value that can then be exchanged for local currency. That optional exchange from XRP to local currency is not a value transfer, but an asset swap: both parties hold the same value before and after the swap, because at the time of the swap, both assets have the exact same (market) value. Your balloon is a bad analogy because there is virtually unlimited supply of air, and there is no value in second hand air. Use the analogy of a shipping container instead, shipping gold. Ripple's strategy is to position XRP as the standard shipping container of digital value. Banks, exchanges and payment providers will be shipping containers with value from and to each other on a public ledger. Within banks and exchanges, all client transactions are private, as they are now.
  7. lucky

    Deutsche Bank Confirms HSBC and Xoom As Ripple Clients

    https://www.westernunion.com/blog/blockchain/ "Recently, for example, WU partnered with Ripple Labs to test whether sending payments by blockchain was faster and less expensive. The tests are ongoing."
  8. lucky

    xRapid - The Beginning Game

    "XRP only has value when it is outside XRP Ledger, but when it enters XRP Ledger, the value of XRP is 0" Still demonstrates a significant lack of understanding what XRP actually is. There is no such thing as "XRP outside the ledger". And the value of XRP is certainly not zero. Make sure to at least watch this video in full for a better understanding of XRP.
  9. Maybe related to Gottfried Leibbrandt's new employer, after he steps down end of June 2019
  10. lucky

    xrpUnited's 2019 Lamborghini

    Directed by Quentin Tarantino!
  11. lucky

    xRapid - The Beginning Game

    Thanks for saying that, I completely agree. His last post really broke my heart.
  12. lucky

    xRapid - The Beginning Game

    Get your popcorn!
  13. lucky

    xRapid - The Beginning Game

    I'm incredibly impressed, @Wandering_Dog!
  14. lucky

    xRapid - The Beginning Game

    Yeah, I felt I was crossing the line here... deleted.
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