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  1. This is the beginning of the incentive for liquidity providers ... aka the (start) of the infamous paper that is to come "soon". Is this not a big deal?
  2. Because the heavens want all long term believers in XRP to secure their max long term positions before the coming rippling tsunami. Let's just say make sure you don't go and trade 10,000 xrp for a pizza any time soon.
  3. A few things. I believe the real value of xrp in the present should be: the % probability that XRP will end up getting massive liquidity from all these banks (at some point in the future) multiplied by the price xrp would get to if this did happen. I feel the above equation indicates XRP is currently masively undervalued. there are still lots of barriers to entry for a normal user and I think exchanges like crypto facilities (any others that make getting XRP easier) will only help XRP get closer to its real present value. So i see this recent crypto facilities news as very important ... what do you think? Lstly, I realize (my perception) that it certianly would not have made any sense to release the market maker incentive program PRE market makers having an ability to hedge risk ... When crypto facilities and hedging xrp risk is up and running, then I see it as possible to proceed w the market maker incentive program at some point "soon".
  4. Thanks for the help. Will try and look into it. If any other pop up on anyones radar do let me know.
  5. I believe this means all these other booths will have some ripple demos as well? ... If so I find this extremely telling of how well Ripple is doing.
  6. Does turbo tax allow one to inport transaction data? Gatehub has indicated that in their next update one will be able to export transaction data... I then need some software that can allow me to inport that Ripple transaction data and then calculate the taxes for me automaticaly ....
  7. Does anybody know of tax software that can streamline XRP tax calculations when one is using Gatehub? I really want to find an easy way to do this, any help would be greatly appreciated.
  8. Great, Thanks. If anybody knows any apps that would be appreciated as well
  9. I am looking for an app or a website that can give me accurate XRP high low in a 24 hour period (and ideally more if desired). Goingecko has this and yet i see its price quite different than say Bitstamp. I ussually use the app "XRP Alert" and yet it is malfunctioning for me. Any help would be appreciated
  10. PS @Dizer mentioend about mDuo and him not having XRP's Do we know how much XRP Ripple employees have? OR which are being paid in XRP and how much?
  11. 😄 (like 1?) I agree with him giving possible scenarios. It is quite interesting how the same comment gets read differently by so many people. I saw it as just imagining possible scenarios as to what could go wrong. I will say this, with a ripple employee on a forum like this, anything remotely close to SWAT analysis on their part will likely only ever be able to include the potential pitfalls. I don't think they can legally start hyping up all the benefits and all the strengths as if it affects the price of XRP at any point they could face legal consequences.
  12. @mDuo13 post: I encourage and agree with posts like this. I believe one cannot have a balanced perspective without actually looking for and being open to what could go wrong. The things that could go wrong because of unknowns that are still unknown is accurate and a tough one to do full due diligence on. Having said this ultimately what I believe mDuo's post is getting at is things can go wrong because these are big goals, with a lot of parts, and the playing field is the whole world. Hopefully my recent post about RCL only vs w ILP sheds some logic on how Ripple's creation of ILP was in no way abandoning XRP, and on the contrary very much includes it as a goal. While not guaranteed, I believe the very creation of ILP was a magnificent solution to a real problem. At first there was only RCL and frankly it was a little logical that banks and such would not want to all plug in to something and leave certain parts transparent for many to see. This problem could have sunk many companies with their goals, and Ripple with what in all respects seems like an amazing and organized team, adapted and frankly created something even more magnificent. I look forwards to the future, I will continue to actively look for failure points, and encourage our community to be open to the positive and the risks. Note: Any time I say something about ripple the company I am saying my perception as I am in no way affiliated with them...unfortunately
  13. This is likely to be my biggest contribution to this community, specifically those that still question or have unknowns in how ILP and XRP are intimately related and correlated as far as the Ripple team plan. Notice the correlations between key points for RCL only and for ILP (ILP is a well thought out solution from quite an efficient and adaptive team). At first there was RCL only. Now there is ILP also. (I can only hope the formatting stays the way I want it after posting) Where everything is connected - RCL only = The idea was to get tons of banks, market makers, etc. onto RCL, so that “everything” is connected WITHIN RCL. - ILP = The idea is to get tons of banks and any other ledgers so that “everything” is connected OUTSIDE of RCL. (note: a lot more likelihood of this happening now that it is outside vs inside) XRP not NEEDING to be used - RCL only = Any currency can be used to execute a trade, xrp did not have to be used (aka one could post bid/ask between dollars and Euros and not touch xrp, minus the small negligible XRP fee) - Any ledger can talk to any other ledger with any market maker or bride currency as the connector, XRP does not have to be used. Cheapest possible route found through - RCL only = Occurred WITHIN RCL - ILP = Done/begins EXTERNALLY through ripple connect and ripple stream Market makers have more incentive to bring liquidity to 1 bridge currency (XRP) than to specific currency pairs - RCL only = If you were a market maker in RCL, it made more sense to post bid/ask to XRP than to another currency, because if you post to XRP you can serve the demand between any currency pairs vs. just between 2 currency pairs (For example: if you post a bid/ask between Euros and Indian Rupee only those that are interested in exchanging between Euros and Rupees have the potential to buy/sell your what you posted, vs. if you post a bid/ask to XRP then anybody looking to go from one currency to another has the potential to buy/sell what you posted and will do so if it is the cheapest alternative found in RCL). - ILP = Market makers would have to open and keep lots of money in countless ledgers and various currencies to provide liquidity (similar to having to post bid/ask to a ton of currency pairs in RCL), it makes MUCH more sense from a market makers perspective to put all of that money in XRP so that they can provide liquidity/benefit from the demand between any currency pair vs just specific currency pairs. XRP used the most as a bridge currency - RCL only = In RCL XRP was positioned to be used the most as a bridge currency because xrp would have the most liquidity (as described in the preceding paragraph) and the cheapest pathfinding route between the 2 currencies you wanted to exchange as done automatically in RCL would often end up being through XRP (in other words and as an example it would often make more economical sense to go Dollars to XRP to Argentine Pesos because there would be a lot more bid/ask to and from XRP vs bid/ask between Dollars and Argentine Pesos). - In ILP = + As mentioned market makers will have incentive to post liquidity to 1 bridge currency (XRP). + If you are a bank seeking to send payment cross border, you don’t care who it goes through as long as there is complete certainty it will go through (which ripple products and block chain provide) and it is the cheapest route possible. + Banks and anybody else (like us) wanting to exchange between currencies WILL WANT there to be competition for liquidity because that would translate to a lower cost of sending money. Whenever market makers open certain accounts in certain currencies to not go through XRP (which some will do), it will reduce the amount of competitive liquidity available (because liquidity is going to serve the demand for exchange between specific currencies/ledgers, and not open to serve demand for all possible currency/ledger exchanges). Said differently banks and anybody else that want to send money WANT there to be a main bridge currency with a ton of liquidity in it, because it makes sending money cheaper. … XRP is positioned greatly to be this bridge currency. Moving away from RCL only included and continuing with ILP and the present - XRP will be a logical bridge currency for banks/market makers + For banks = They trust ripple to help them install a cross border payment solution and so they have clear reasons to trust and start using a ripple bridge currency w/ blokchain over a random currency/blockchain bridge. + For market makers = At first it will be easiest for the main bridge currency to be XRP over any other potential one because ripple stream/ripple connect will make these connections to banks very easy and simple ... Furthermore there will be distribution of XRP to incentive market makers going into XRP. Once banks start adopting ILP and market makers start providing liquidity through XRP it is a momentum train that keeps going. Why? - New banks have incentive to connect to all these institutions for cross border payments as well as to seek to take advantage of the lower priced liquidity compared to their current options. - Once there is usable amount of liquidity in XRP, XRP will have regained the first mover advantage from bitcoin, and it will be too difficult for others to catch up. People needing a bridge currency will economically and logically desire to use XRP, because there will be both: tighter bid/ask spreads (cheaper to send money) and there will be a lot more liquidity in XRP compared to any other cryptocurrency (amount of liquidity is essential for sending so much money which banks do)…This basically means the more people/institutions use XRP as the main bridge/source of liquidity, the more other people/institutions will want to use XRP for economical reasons and because it will be possible through XRP vs. not yet possible through any other cryptocurrency (because of the amount of liquidity required). - So while yes any bridge currency can hypothetically be used in an ILP world, it is really about where the people/liquidity is and not about which CAN be used. Just because various cryptos CAN do something better than bitcoin, does not mean they have already taken the people/liquidity away from bitcoin. I hope it helps friends. I have benefited immensely across time from this community and various posts, and figure it is time I contribute myself.
  14. I mentioned the 42 banks of R3 as a mere hypothetical example... To rephrase the question, could ripple and its products not succeed as the #1 used solution for instant cross border payments and still end up having XRP positioned as a great bridge currency whether that be through A. Multiple co-existing solutions as the top solutions banks use for instant cross border payments or B. Because even if Ripple does not become the top solution for cross border payments it can still succeed in ILP as the main protocol to connect all ledgers, with XRP positioned as a great bridge currency. What you are writing about is out of my area of knowledge so I cannot comment too much. To elaborate a bit on ILP. Yes ILP is just a protocol, but having connected ledgers very quickly brings the use case and even need for a bridge currency. The more ILP gets adopted the more likely hood that XRP is a main bridge currency. Many point to the notion that any crypto can be a bridge currency and yes, but this needs to be understood in context: saying any currency can do is like saying any currency can currently play the role that bitcoin is playing. Hypothetically true, but right now the majority of people are in bitcoin. Just because say Dodge coin is better than bitcoin (hypothetical example) does not mean more people are buying and selling dodge coin than are doing so with bitcoin, said differently just because Pepsi tastes better than Coke does not mean Pepsi has more customers than Coke... it is really about where the majority of people are/where the liquidity is and less about what can hypothetically be used for what. Another example: Right now I believe XRP is way better than bitcoin, but if I want to change Dollars into another currency in a third world country, I use bitcoin as the bridge because more people accept and exchange bitcoin (aka that is where the liquidy is), where I do try this with XRP it would take me forever to find someone to do it, and the spread would not be ideal at all. In my opinion if ripple has moderate to great success for instant cross border payments, then so much liquidity will be in XRP that just because another random coin can be the bridge in an IoV, for at least a long time XRP will still be positioned as the most logical and economical bridge (for the exact reason I put for why I would currently use bitcoin as the bridge). So my question is looking for what happens if ripple does not have a lot of success in cross border payments (I am purposefully trying to imagine scenarios that are against what I want to happen, to see if XRP continues to be valuable in those scenarios).
  15. I have 2 questions for the community. They are inter-related. I see massive value in Ripple/XRP and yet am purposefully looking for counter-evidence (I believe this is essential to not be biased and to make sure one doesn't miss important information and insights). I want to add some value myself by describing some ways I understand what is going on, and given that likely all of us here have certain mutual interests (example XRP) it is likely a great idea to put our heads together and get to places where individually neither of us may get to. First to describe 2 key outcomes. 1. One is the Internet of Value: The ability to be able to communicate between any two ledgers (be they banks, cryptos, PayPal, etc.) seems essential for an IoV... I see ripple's creation of ILP as an extremely smart and efficiently adaptive move on their part...I don't believe the world adopting 1 block chain is realistic at all, as it is there are already several that have great benefits in certain areas, and with time the amount of block chains that have large benefits in certain areas will only increase. Eventually individuals will want to create their own crypto, similar to how Zeiler made his Zeilermark. The point being I personally completely agree w Ripple's view that the future will involve tons of block chains. 2. Two is instant cross border payments: The IoV can take time and ultimately it is important to solve problems/add value in the present. Ripple is focusing a lot on instant cross border payments for banks, have tons of partnerships, etc. If ripple makes massive headway on instant cross border payments with banks, it will only help them in creating the IoV. More specifically if lots of banks adopt ripple for instant cross border payments Ripple will have an actual value added/money saving proposition that lots of very large reputable institutions are using, and XRP as bridge currency would have validated benefits (per Ripple's paper XRP's role in the Internet of value). All of this real world usage would only lead to further integrations of ILP and more credibility for ILP/ripple, aka all of this would only help A LOT with outcome 1 (The Internet of Value). PS Ripple’s paper on XRP’s role in the internet of value came out way before they started publicly talking about XRP so much (aka before Jed’s settlement finished). I sat down with this paper and played with it, imagining scenarios, and it points to XRP very very well. Examples of Cryptos having large benefits in certain areas - Ethereum to me is a great concept for various people to create smart contract apps/autonomous organization simply. Great I want to be able to make apps like this quickly and have a smart autonomous organization do a lot of things for me all while having certainty that they won't rob me or lie to me. - I believe it is madesafe seeking to focus on distributing and making hosting a lot cheaper. Great I want cheaper and safer hosting. - I want to be able to create my own crypto or several in the future like Zeiler. - Bitcoin was first and currently continues to have the most liquidity. Hence it currently does add value for people wanting to shift between currencies/cryptos … In my opinion though bitcoins biggest thing going for it right now is that it was first, the value it is adding is temporary, and the likelihood is that 99%+ of hardcoin bitcoiners don’t actively look for counter-evidence, aka probably could not accurately describe the specifics of Ripple/ILP/RCL/XRP nor other crypto’s. - Etc. Etc. Etc. To my questions. 1. What actual competition currently exists with ILP for the Internet of value? I ask the community to think about this one. I actually do not see anyone else focusing on IoV, everyone else is focusing on their specific "type" of crypto/block chain with their own respective solutions. But are any of these actual competition for an IoV? (real question) Ripple was also focused on their own crypto/block chain until 2-3 years of learning led them to develop ILP. 2. I do see competition for instant cross border payments. Ripple does seem to be way ahead, has tested "enterprise grade" solutions for this, has tons of partnerships, etc. However, let's just say for a second that the entire R3 banks (42 or so of them) started using another solution for instant cross border payments, would Ripple/XRP still be able to end up making major headway towards the Internet of Value (outcome 1) or would their ability to make headway with the IoV DEPEND on it going well with instant cross border payments (outcome 2)? ... what do you think? 3) Another version of question 2, if Ripple did not succeed as the #1 solution for instant cross border payments, might Ripple/ILP/XRP still be able to end up having a ton of value by making headway towards an IoV? I ask because to me if ripple becomes the relied upon solution for instant cross border payments then everything will be aligning and that is great, btw this could be and is likely well underway. BUT it is possible that even if they don't become the #1 solution for instant cross border payments that they are still seeking to do something that others are not focusing on, and thus XRP could still end up VERY valuable. Thoughts? (I welcome agreement and counterpoints) I'm waiting for you Ripple Tsunami!