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Hodlezerper

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  1. Haha
    Hodlezerper got a reaction from Cesar1810 in Home Sweet Home   
    Seems legit. 
     
  2. Like
    Hodlezerper got a reaction from xrphilosophy in Suggestion: XRP-collateralized Stablecoins   
    I have never been more bullish. The level of complexity of ideas they're working with and putting out is indicative that things are going bonkers over there.
  3. Like
    Hodlezerper reacted to Malloy in Suggestion: XRP-collateralized Stablecoins   
    So the XRP Ledger dev. is alive...wow...is this a prank? 
  4. Like
    Hodlezerper got a reaction from strikerjax in Suggestion: XRP-collateralized Stablecoins   
    I have never been more bullish. The level of complexity of ideas they're working with and putting out is indicative that things are going bonkers over there.
  5. Like
    Hodlezerper got a reaction from baggy23 in Suggestion: XRP-collateralized Stablecoins   
    I'm so pumped to see you all back on here...
  6. Like
    Hodlezerper got a reaction from JoelQuinn in Suggestion: XRP-collateralized Stablecoins   
    I'm so pumped to see you all back on here...
  7. Like
    Hodlezerper got a reaction from Malloy in Suggestion: XRP-collateralized Stablecoins   
    I have never been more bullish. The level of complexity of ideas they're working with and putting out is indicative that things are going bonkers over there.
  8. Like
    Hodlezerper got a reaction from XRPboi in Suggestion: XRP-collateralized Stablecoins   
    I have never been more bullish. The level of complexity of ideas they're working with and putting out is indicative that things are going bonkers over there.
  9. Like
    Hodlezerper reacted to Malloy in Suggestion: XRP-collateralized Stablecoins   
    I kept wondering why I was coming back here now and then...now I can't wait to read the updates...
  10. Like
    Hodlezerper got a reaction from Malloy in Suggestion: XRP-collateralized Stablecoins   
    I'm so pumped to see you all back on here...
  11. Like
    Hodlezerper reacted to JoelKatz in Suggestion: XRP-collateralized Stablecoins   
    The advantage is that if you hold XRP directly, the value of what you hold changes over time. Some people want that, some people don't. This scheme lets those that want that hold XRP and those that don't can hold the stablecoin. Those that choose to hold the stablecoin have the equivalent of on-ledger XRP that is denominated in dollars, or whatever other peg they like.
     
    Someone creates a stablecoin pegged to some asset. The creator provides the price feed and governance. Then anyone who wants to can lock up XRP and issue the stablecoin. Holders of the stablecoin can redeem against the collateral. As the price changes, holders of the stablecoin have claims to changing amounts of XRP to keep the value of the stablecoin constant. Holders of XRP collateral have the value of the collateral change.
    Say you have $100 worth of XRP and you really want to be long XRP. With this scheme, you could lock that $100 worth of XRP up as collateral and issue $50 worth of a USD stablecoin. You could then trade that for XRP and have $150 worth of XRP locked up as collateral. You now have a leveraged long position in XRP.
  12. Like
    Hodlezerper got a reaction from Mpolnet in Suggestion: XRP-collateralized Stablecoins   
    I'm so pumped to see you all back on here...
  13. Like
    Hodlezerper got a reaction from mistatee2000 in Suggestion: XRP-collateralized Stablecoins   
    I'm so pumped to see you all back on here...
  14. Like
    Hodlezerper reacted to JoelKatz in Suggestion: XRP-collateralized Stablecoins   
    One of the original use cases for the XRP Ledger (since 2012) was using the built-in decentralized exchange to exchange between stablecoins and to exchange stablecoins for XRP. Currently, only stablecoins that have a backer/issuer are supported.
    We propose adding a collateralized stablecoin feature to the XRP Ledger. The key distinguishing property of this proposal is that the stablecoin is always redeemable for XRP on the ledger from the collateral pool. So, for example, if you hold one unit of a USD stablecoin, you can make on-ledger payments at any time just as if you held $1 worth of XRP.
    We propose a scheme as follows:
    Anyone may place XRP into a position that they own. If the position is sufficiently collateralized, it may issue a stablecoin. Position owners may adjust the XRP in their positions so long as it maintains sufficient collateral. Position owners may issue and redeem stablecoins in their positions so long as it maintains sufficient collateral. Severely undercollateralized positions may be taken over by re-collateralizing them -- whoever does so keeps the remaining excess collateral. An order book mechanism will be used to permit the stablecoin to be automatically exchanged for XRP by redeeming against the least collateralized positions first. This encourages over-collateralization and cleans up positions that are in danger of becoming under-collateralized Pathfinding will be augmented to use redemption against the collateral so payments with a stablecoin work the same as if you held the corresponding amount of XRP.
    The scheme is not perfectly decentralized because some organization or federation still must supply the price the asset is pegged to on a continuous basis or the stablecoin will freeze. That organization can set a reserve ratio that they can use to tax the stablecoin system or to provide a reserve to buy out under-collateralized positions.
    The most obvious application is a stablecoin pegged to a fiat asset such as the dollar. However, stablecoins can also be pegged to the value of precious metals, stocks, indexes, and so on. 
    This post is one suggestion for an enhancement to the XRP Ledger. See this post for context:
    https://www.xrpchat.com/topic/33070-suggestions-for-xrp-ledger-enhancements/
    You can find all the suggestions in one place here: https://coil.com/p/xpring/Ideas-for-the-Future-of-XRP-Ledger/-OZP0FlZQ 
  15. Haha
    Hodlezerper reacted to Danny in A Chase Bank in Canada cancels all Credit Card debt of cardholders!!   
    I read that card holders will be taxed (cancellation of debt is considered income) and I wouldn't be surprised if the Canadian IRS has set some sort of arrangement with this particular bank.
  16. Like
    Hodlezerper got a reaction from SilverSailor in A Chase Bank in Canada cancels all Credit Card debt of cardholders!!   
    Thanks. Keep us posted if it is looking unstable, lol. 
  17. Haha
    Hodlezerper got a reaction from xrpmeplease in A Chase Bank in Canada cancels all Credit Card debt of cardholders!!   
    Thanks. Keep us posted if it is looking unstable, lol. 
  18. Like
    Hodlezerper got a reaction from Johno in XRP @ $1000   
    As much as I am a fan of Ripple, I think there is maybe some outlandish thinking here...Basic economics should be at play in our mind when we think about these things. What is the actual value here? Something is only worth what someone is willing to pay. In this case, we should be asking what the value of instant settlement is? What is it worth to send value instantly? It can't possibly be more than the asset it's transferring can it? That doesn't make sense...
    $1000 per XRP would put the total value at $100 Trillion. How could something overtake the value of almost all the currency on Earth? 
    It's like saying that the potential worth of this planet is worth $23 Quadrillion. I mean, sure? But, good luck with a buyer. Yeah, maybe all the ore on that asteroid is worth $1 Gabillion Jillion but we don't actually have a market to pay for that. It would crash the entire economic ecosystem if you introduced that into the market.
    Anyway, I think it's slightly nonsensical and irresponsible to say something could potentially be worth more than all the value on Earth, or than the entire country's GDP...It just doesn't make sense.
    I think that the fact of the matter is we don't actually know what the value of instant settlement is yet. It's like asking what the value of the internet is? It's an infrastructure...the value lies in the things we're actually exchanging. Real Estate, automobiles, computers, weapons, oil, electricity, food, water, etc etc.
    It's like with SWIFT...you pay a fraction of the actual value you're sending. The system isn't worth more than the value being pushed through it. It's not even close to the value itself. It's a service. And what are people willing to pay for that service?
    I suppose we could do outrageous math based on nothing more than our ignorance? SWIFT supposedly swings 1.25 Quadrillion dollars through its system every year. That puts XRP at over $12,000 a coin. LOL. We just blew past the moon and landed in another dimension there. But how are we even measuring that? We're just taking an arbitrary number and multiplying it by another fairly arbitrary number. 
    But that's just it; XRP won't be worth more than the value of what goes through it. 
    Again, I think we really need to ask ourselves how much the world will value instant transfer of value. Right now we value the instant transfer of information quite a lot cheaper than the value of goods and services that are possible because of the infrastructure. 
    I suppose its possible that my brain simply cannot grasp the awe-inspiring reality we're about to embark upon, but I think history teaches us otherwise. We do live in a world with limits, if only temporary. 
    For what it's worth (and that's absolutely nothing by the way), I think if XRP hits $50 anytime in the next 10 years it'll be an absolute smash hit success. That's $5 Trillion dollars that could be circulating around to facilitate super quick payments.
    And for the record, I hope I'm entirely wrong about this and Zerps end up at $12,500 a coin. I will happily eat my words.
     
  19. Like
    Hodlezerper got a reaction from baggy23 in Circle Competes with Ripple   
    @Sebastian has previously pointed out, rightly so, that Circle may be the most realistic competitor to Ripple at the moment. 
    Seemingly working backwards, Circle worked on creating a peer to peer value transfer service, and is now looking to integrate crypto into that service. 
    Part of the argument about XRP being valuable is that it'd make it difficult for another company to create a crypto that we somehow trust, but if that said company had already built a platform people trust, and then issued their own currency, then flipped the switch, it's conceivable they could usurp quite a bit of market from XRP. Particularly if they go the banking route, which they seem to be doing. 
    Obviously Ripple is going enterprise, not Peer-to-Peer so that could be the primary difference. Companies are going to vie for control of various customer bases so we should be on the lookout for their possible routing strategies. 
     
  20. Like
    Hodlezerper got a reaction from CryptoGerrie in Ripple advertising?   
    It seems to be advertising an online event, actually. 
  21. Like
    Hodlezerper reacted to TinyRick in Allvor Airdrop: Participate and earn 150,000 ALV   
    Just a WordPress plugin... and judging by your also poorly setup WordPress website, you don't know what you're doing. Allvor... steering way clear.
  22. Like
    Hodlezerper reacted to Bettergoham in The Clearinghouse - Competition or Opportunity?   
    It is an opportunity, the clearing house is a domestic settlement network.  The way I see it, each country will have their own RTGS system up and running by 2021ish with API capabilities.  This will allow for multiphop connectivity to ripplenet.
  23. Haha
    Hodlezerper reacted to BluKoo in xRapid - The Beginning Game   
  24. Like
    Hodlezerper reacted to hammertoe in xRapid - The Beginning Game   
    That site is just insane. Sorry, but it has to be said. P3teris, all of this is based upon your fundamental misunderstanding of how a trade works. As I have repeatedly said both on Twitter to you, the following four statements describe exactly the same process of operations carried out by xRapid:
    - Buy XRP for fiat; Sell XRP for fiat
    - Buy XRP for fiat; Buy fiat with XRP
    - Sell fiat for XRP; Sell XRP for fiat
    - Sell fiat for XRP; Buy fiat with XRP
    All four of those statements describe the process by which xRapid would acquire XRP on one exchange, send it to another, and the trade it to fiat to be withdrawn at the end to the destination bank account.
    As for the latter half of that page in which you appear to have written a piece of very imaginative fiction in which a personified xRapid appears to have had a mental breakdown and drunk a bottle of vodka taken a cocktail of pills.... I'm not sure to what benefit that is.
    -Matt
  25. Like
    Hodlezerper got a reaction from GiddyUp in Instant Property Market   
    I think it's conceivable that real estate agents see commission percentages decline and speed go up so that they can execute more transactions, or that we'll see agencies and companies start to adjust their business mode, but you'll always need a trusted source to connect buyers and sellers. Real Estate is also, for most people, a terrifying proposition that needs a lot of handholding with such large sums of money. 
     
    We may see commissions be put more on the buyer side as well, but I don't think agents will be going away any time soon. They'll just change how they currently work. 
     
    (Who knows, I could be wrong, lol)
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