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RafOlP

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Everything posted by RafOlP

  1. What GPI is a threat for depends on what it delivers. It is much more likely that banks just keep things with swift if they are offered the same features challengers like ripple can offer. They are catching up on speed, for many many banks, that is a threat, because speed is one the most desired features currently. Ripple also offers bilateral messaging for realtime handshaking, what sounds great but IDK if that is enough to make banks spend money on switching to a new system. I the end, it will take long to displace swift and I believe it will be on customer's demand the the game will be played. Whichever system offers the best experience at more or less the same cost will win. In case of a tie, swift wins.
  2. Steel balls are shorting the bear market and making money
  3. Let's say that using a crypto as a base currency is not very practical, since what makes the difference in your financial life is how many EUR, USD, etc your equity is. If cryptos go to 2015 levels again crypto holders are very much screwed.
  4. I assume you don't have any crypto holdings then, maybe use leverage on the crypto sell leg. Otherwise the fall in the prices could offset arbitrage revenues.
  5. Hi there, the wallet was just a build from what Ripple developed in the past, it was motivated by the lack of private key local management solutions and we are very happy it was well received by the community. We do not consider it a Rippex wallet, but more an opensource wallet to which we made very few contributions. We thank Ripple for the hard work put into the wallet. The team is fine, we had to decide which project to focus on and we all agreed that Rippex was the worst risk/reward ratio, it was a tough call since we all loved the project and how open it was. We are still working on general crypto-related projects but I can't give more details right now.
  6. Hi, what do you mean by "withdrawal"? The money is already under your custody if you used the desktop wallet. If you have you secret key your money is there.
  7. requireAuth can only be enabled when you have no trustlines yet. You can freeze the trustline.
  8. Guys, that seems like an ad using a mockup. The donation can be real but no transfer was made "live" in the show, lol. There could be no fail in the transfer, so they would never use a real app and a real transfer. Basic tv. Can you imagine ellen pressing the button and the screen shows an "error 500"? lol
  9. I agree with the guy that said we should not value the "X" but the name of the currency. First give it a real name (not XRP please) and then create a symbol.
  10. XRP is a code, it shouldn't be a name. XRP needs a name. It used to be Ripple, the coin from opencoin. Now that opencoin took the name XRP needs as new name. Zerp is cool and has a history.
  11. Ok, I see, it is a feeling, I don't have a problem with that, I have mine too But this is not a valuation model, those require choosing parameters, numeric assumptions and premises. This is what nobody came publicly with so far, not even gross attempts.
  12. The point is exactly that. At some point there will be a bear market that will define the real baseline. Is it happening now? Maybe. 100k based on what reasoning? That is what I miss in this market, there is no rationale behind valuations.
  13. Today bitcoin's marketcap is about 127B USD, how much "institutional money" you think will come to bitcoin this year? I don't believe the spikes in the price last year were caused by "institutional money" buying bitcoin, I believe it was a speculative buy the rumors sell the news on many aspects, but specially the CME CBOE inclusions. At some point it can't be just "Q1 market performance". If bitcoin repeats the 2017 yearly performance for 5 more years the value of 1 BTC in 2023 will be 9,143,008,000 USD and satoshi will possess 9.143008e+15 USD and will buy the entire world. I am a big fan, but my point is: there is no reliable model to evaluate cryptocurrency prices available.
  14. It is interesting. Why people believe "institutional money" will come to the game to make money for everyone?
  15. You get into a coin you start promoting it? Same everywhere? (IBM, MercuryFX, Cuallix..)
  16. I think banks will stick to FIAT unless the cryptos get mainstream, and they might be right on doing that. FIAT is so easier to deal with if you are a market maker because it is much less volatile. So I am assuming FIAT on steroids (with cryptos capabilities) will be the "Bank way". Nevertheless, if you are not a bank and have a good regulatory environment you can just skip all that and make/provide low value international payments at will.
  17. I think the point is: Now companies that have their capital tied to fund their own operations can use liquidity already deployed by others by different reasons (i. e. trading cryptos). So the liquidity is already there. Is it enough or long term viable? Will it grow according to the demand? Will there be FIAT competition? Time will tell.
  18. "bullish" or "bearish" refer to price movements. Price usually tends to be moved by intrinsic value and hype/anti-hype. So in order to be "bullish" or "bearish" we need a model to cut the hype off the current prices and find the intrinsic value of digital assets under different scenarios of usage scale. What would be the right value of an XRP, or a Bitcoin, and what is the math behind such calculation?
  19. I don't remember the discussion but one point is that bitcoin uses UTXOs, so among the 100 Bitcoin in a certain wallet you can separate the tainted from the not tainted ones when you spend them. In ripple there are no UTXOs, so if I am a known criminal and I send 1000 XRP to your wallet which have 1000000 XRP, whenever you send XRP after you got mine it is not possible to know if you are sending the ones you got from me.
  20. Hi, where did you see that the wallet will be frozen?
  21. About the OP, we are moving towards a world of fast and automated movement of value and this will require tools to do that. Of course Ripple can have XRP as a favorite tool but in the end the cheapest path will win, this is why bitcoin's liquidity and integration network effect are a threat. I would add that there is another vector that can threat XRP, which is FIAT ON STEROIDS. Something like tether but done right. Imagine if there is an institutional Tether for USD, EUR and JPY that can be moved like tether does today and deposited in regulated exchanges in many jurisdictions. That would take a lot of cryptos markets and present a viable way to make international payments. Now imagine such currencies being used to credit mobile wallets and alike, removing the last mile's friction to credit the final beneficiary of a money transfer. When trying to calculate the role of cryptos in the future I think we must consider this scenario.
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