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  1. Janna, Tnx for sharing. Excellent interview with Brad Garlinghouse. He is looking confident and more like a B2B banker. He also remained charming when asked about 'Bank of America's patent'. Clearly the writing is on the wall and Bank of America is a Ripple partner (as known by us all for a long time). Nice to have them aboard.
  2. Problem with that assumption is that they can keep dumping XRP for many years to come...... Unless the IMF and central banks buy up their bags. That would provide trust and stability.
  3. I fully endorse your line of thought. Your concern is also mine. That single entities like Chris Larsen en Jed Mc Caleb have such big stakes in XRP and XLM is a no-go for the international financial world (also the reason banks are not buying in and has nothing to do with regulation). If I was a SEC director (and they are lucky that I am not) I would definitely clear the issue of ownership in day one. If no arrangements have been made with these gentlemen than both tokens (sorry to say) are securities and there is no 'digital asset future' for XRP and XLM. So I expect (possibly secret) arrangements have been made to transfer these tokens to the governing institutions (Ripple and Stellar) for a (institutionalised) distribution within the control of (international) governing entities and the SEC. Praying..... @Julian_Williams you are so right that the users (IMF, governments, central banks, banks, fintech and individuals) will want the XRP reserve put into an international deposit account(s) under independent international management for the benefit of all XRP users. Billions of XRP controlled by 1 or 2 individuals is just ludicrous. The international community could be held at ransom by any of the two. Only complete idiots would allow that.
  4. It is exactly my concern. The first mover excuse was used at the end of 2017. Now we are only 4 months from the end of 2019. At the end of 2017 many of us investors said that Ripple would have at least a head start of 2 - 3 years on the competition. However time is running out. What are we seeing now? Stellar (XLM) and Facebook (Libra) are in the picture. Within a short year these two will have become serious competitors in the field of pay and settlement. It is high time to give XRP the trust and liquidity it needs to function as an international digital bridge asset. XRP must shine high above other digital assets and must portray the trust of the IMF, central banks, financial institutions and TIER3-2-1 banks. According to Brad Garlinghouse own words. The Facebook - Libra plan "is a call to action" for all international banks for SWIFT(hopefully partnering with Ripple) and the security and stability of our financial system. Walking is over... It is time to run.
  5. It is clear that the Ripple shareholders own a disproportional amount of XRP. This XRP should be largely used by financial institutions to incentivise the network. Only a small portion should be used for covering Ripple operational costs. Additionally I believe that at least 40% of the total XRP supply should be burned to improve trust in the digital asset as it is. With such a large amount of XRP in single hands there will be no trust vectored into XRP. If this does not change in the very near future then the chance of XRP failing as a digital bridge asset becomes a consideration. The greed of a few is allways what kills a perfect technological solution. The world is about sharing.
  6. Good strategic suggestion. If Ripple the company, central banks, financial institutions and banks want to use Ripple's DLT with the XRP settlement token they should start to protect this system by auditing all players. This includes auditing central exchanges and 'up security' (by sharing protection schemes against hackers).
  7. “The ubiquity of QR codes which has led to lower value payments becoming a reality”. Just imagine the standholder in a lokal market to be able to receive small payments from his customers via QR codes using the XRPL ledger en Wietse Winds XUMM. At present a payment with a local ING/ABN AMRO/RABO card costs about € 0,10 per transaction. With approximately 1000 transactions in one month for one standholder he will have to pay the bank at least € 100,- for this service. If customers are using XUMM the transaction costs can be reduced more than tenfold. As a result reducing the standholder monthly costs by at least 90%. That is the power of XRPL with XRP.
  8. "Tokyo aims to have the network in place in the next few years, the person said, declining to be identified because the information has not been made public." .....? Huhh... The Ripple DLT network is already alive and kicking.... why the wait... Now we know why the Japanese government has been buying up all that useless USA debt paper (whilst China & Russia have been selling it)..... Any bright takers? Because they have been given 'the lead to globalise the Ripple DLT network (with XRP)'. And with XRP gaining traction and value it's pay-back time for them.
  9. Fully agree with you. Please read my theory on what might be the Ripple - SEC - Central Bank (& others) - XRP (Escrow) deal.
  10. After re-reading your input (which I find excellent to get my macro economic brain fired up) I have come to the following theory. Anyone feel free to deliver input or shoot it out of the water. 1. The SEC, Central Banks, IMF and largest American banks have made a deal with Ripple laying out the conditions under which XRP will not be ruled a security. As a result..... 2. Ripple execs may and will sell XRP on the open market until a predetermined date to keep the price of XRP low. As not to let the general public know about what is about to happen. DLT will become the defacto world standard with XRP as bridge currency. Hence the grooming of Brad Garlinghouse by the Central Banks governors, IMF and BIS director at the Zurich meet-up. 3. By stalling the SEC ruling all connected international banking networks have the time to connect to Ripplenet in order to create a level playing field (even Donald Trump shouts 'level playing field') for all banks to be able to participate in. All banks must be able to settle via the XRP (or XLM as a backup) bridge currency. 4. Some banks are chosen to be more public about their involvement with Ripple because the DLT network has to be tested before it goes live. 5. To cover enough pay- and settlement corridors Ripple is partnered with Moneygram (and still talking with Western Union?) Somehow the Moneygram partnership has not soured the friendship with Western Union. 4. As soon as the predetermined date is reached Ripple execs will refrain from selling XRP in the open market and all or most of the left over XRP is distributed (against fair value) to the main financial governing bodies in the world. Central Banks, IMF, TIER, 3,2,1 banks etc... It allways made me wonder why R3 made this quick deal with SBI concerning billions of XRP they where expected to receive... AND why has Japan just bought so much debt paper from the USA. SBI is a very large holder of XRP...will Japan be reimbursed when the XRP price goes up? 5. Because Facebook has suddenly entered the picture (with 2,5 billion members) Brad Garlinghouse has reacted: For banks it is a ‘call to action’. However all depends on Facebooks ability to ride the SEC’s waves and working with financial regulation. Facebook has the userbase and the cash to get quite far in their endeavour. This week we have seen the reaction of the white house clearly eyeing Facebook and declaring that the US dollar will remain the world’s reserve currency. Shoot away...
  11. Brad should in fact do much more for 'retail bag holders'. They have been Ripple's main source of income for the past 3 years.
  12. I tend to agree but the jury is still out on Brad. He is a good communicator but strategy in crypto is something completely different. Personally I am very happy that Codius is being relaunched. Better late than never...
  13. Former Ripple CTO launches platform to allow users to easily write and deploy smart contracts. "Ripple’s former CTO and Founder of Coil, Stefan Thomas, has announced the launch of a new open-source decentralized hosting platform called Codius. This decentralized platform uses interledger and enables anyone to write and use smart contracts, in a cost-efficient way." Source: https://www.xripple.news/2019/07/09/former-ripple-cto-launches-platform-to-allow-users-to-easily-write-and-deploy-smart-contracts/
  14. True. But some are building. The reason is that most programmers don't understand the XRPL environment. Wietse and some Xpring startup's do. That is why I believe Ripple is relaunching Codius. I will be accompanied with java/javascript and C++. Known program languages with normal priced programmers who can do the work. Which is very important for companies. Ripple Codius: "This open-source platform allows smart contracts to be written in any popular programming language and it lowers the operating costs by several orders of magnitude compared to Ethereum. It will reduce the barriers to entry for many and opens up the possibility of decentralized mainstream applications built using blockchain." Source: https://www.xripple.news/2019/07/09/former-ripple-cto-launches-platform-to-allow-users-to-easily-write-and-deploy-smart-contracts/
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