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Everything posted by Tinyaccount

  1. Then I hope they read this.... Your mum appears to be one of those few people who have both convictions AND courage. It must be very difficult to be continually under attack, but some people, and your mum is one, are able to take a hard hit and keep on keeping on. I am the exact opposite in nearly every way. I would never want to be a spokesperson for anything. I avoid limelight and confrontation equally. I lack the resilience required to stand up for anything. I don’t follow Tiffany closely, or know all her views and positions, so I’m not saying I agree with everything... ( I don’t know what I would be agreeing with ) and I’m not really a fan of twitter or social media in general. But I’ve seen some very unfair and inaccurate attacks on Tiffany, and just wanted to say I agree with the general principle that there is no need for infighting. One thing I have seen in the crypto space is that many of the very worst characters are often the most vocal and vicious. (I’m not referring to this thread.. I refer to past examples on Twitter). It’s apparently inevitable that if you put yourself out there... the haters will come. That post from Tiffany that I partly quoted was one of the most well written, and honest posts that I’ve seen for a long time. Well done Tiffany.
  2. Even the approach to that monthly sell out situation would be a big speculators bull flag. So once it’s clear that they actually will hit a monthly sell out, then that’s when I would expect the start of a speculative up pressure. And that point of apparent inevitability could easily happen this year.
  3. That could happen much sooner if the ongoing ramp up in monthly sales continues or accelerated. August next year I think I calc’d just continuing the linear growth trend. Could be sooner if it is a typical adoption curve and accelerated.
  4. It’s not about the funds. It’s about certainty of XRP supply. The escrow made a 55 Billion XRP dump impossible. It was a signal to the market that the XRP would be a steady supply rather than a sudden dump. That still works no matter who is the legal owner. Obviously Ripple have runs on the board with regard to good stewardship of the ecosystem so it would be a bad idea to sell to anyone else unless they too are perceived as good stewards. In my fantasies I hope they sell or handover to the IMF.
  5. Just want to add to my incredulity at anyone thinking that would be a red flag to regulators.... this in a world where derivatives and their pricing are smiled on by benevolent regulators.
  6. Sorry? Why would you think that is illegal? Anywhere. What possible law or statute would it violate?
  7. No it’s not a matter of voiding any conditions. The escrow still stands. (The ‘controlled by consensus’ thing is a red herring to this discussion.) The reason you ‘own’ xrp is twofold... legally in your jurisdiction you paid for them, and practically because you hold the secret key. (Unless they are on an exchange... in which case you hold their promise). So to sell escrowed xrp just transfer money (the legal part) and transfer secret key knowledge (the practical part). The new owner won’t want Ripple still knowing the secret key, so she will create a new key and disable the old. Now she owns the escrowed xrp legally and practically (and Ripple don’t). She can’t access them till the escrow date passes though. But that doesn’t stop her from borrowing against them, selling them, or otherwise just sitting on them. The Jed thing... that too is a lot more complex than many think. I have my own personal theory (with little evidence) that he has now been already settled by Ripple and no longer has the XRP. Ripple are smart and know Jed well, so presumably they have taken appropriate steps. I just have to hope so.
  8. Actually that is not the case. Almost everyone seems to miss this fact. Ripple could sell the lot today if they wanted to and had a buyer. Or any portion at any time. It would probably (but not necessarily) be sold at some sort of a discount because it is not yet out of escrow, but if they want to sell OTC they just supply the new owner with the secret key to the addresses. She can then simply set new regular key and disable master to have ownership transferred. Another thing folk seem to be missing is the price effect the first time that the monthly ‘drop’ doesn’t meet the demand will have. That will (under most scenarios) long before the total escrow period has elapsed. This whole topic is more complex than is often thought.
  9. The value of XRP is in its utility. Which has only.just begun to take form, and is at a tiny fraction of its eventual situation. The price of XRP is whatever the tether-wielding crypto-kiddies currently think it should be. Neither situation is going to last.
  10. Ah sorry... I’ve been stupid. I thought you were saying the exchange is going down... Yeah ok... the gateway aspect... yeah sorry I don’t normally pay much attention so I assume you are correct. Sorry for my red herring.
  11. Multiple trades per second taken just now from Bitstamp app...
  12. No not at all sure of anything but Bitstamp normally does goodish volume and those millions aren’t suddenly going to stop....
  13. Just wondering if there is any update on this issue? @nikb @BobWay
  14. Go to the exchange that you bought the xrp from. Get the wallet address (starts with ‘r’ ) from that withdrawal transaction and plug that into https://bithomp.com/explorer/ If the last transaction listed is that withdrawal then all is well. Just a matter of getting the wallet software pointing to the correct address.
  15. My hopeful theory is that the utility will not take as long as many suspect. Because an organisation can onboard via API in the first instance, it means that once it’s clear that Ripplenet is the way to go... new orgs can hop on quickly via API (XVia) and meanwhile take longer to go full suite. But the XRP usage can be done quickly. There are other tech precedents... TCP/IP was slow to start but the big onboarding happened fairly quickly once it was clear which way the wind was blowing.
  16. Tinyaccount

    I got banned

    So three thousand USD short then....
  17. I agree with you guys saying that some in the room would no doubt be locked in old paradigms. But in this case I don’t think the question is as dumb as it sounded. These guys are discussing reworking international finance... that’s a big big thing and you really don’t want to get it wrong. The central part of many of the roles of those in that room is to ensure stability. In my opinion when he said ‘run in ripple’ he actually meant ‘run on XRP’. Which is an odd wording but I believe he was trying to say this: “What happens if we do reorganise world finance and cross-border trade is done largely (or exclusively?) by exchanging XRP programmatically. Obviously the liquidity of xrp will be huge because of the volumes. And price will be higher providing the liquidity need. Now what happens if, two years after maxing out on this new system, there is a crisis of confidence in the XRP asset? For some reason people fear it’s value won’t hold so the sell their holdings. The price collapses. A run on ‘ripple’. That process would dry up the liquidity that the xrp cross border solution requires to operate. Is there a mechanism of last support like there is in existing financial engineering?” When put this way it’s a reasonable question to ask, and there will need to be a good answer. I’m guessing the answer will involve the IMF somehow having custody and capacity with an XRP pool. I’m just trying to say that assuming he meant Ripple the company, and not ripple (XRP) the asset, is probably incorrect in my opinion. And if you elaborate his shortcut phrasing, it does become a serious question.
  18. Mate I have no idea why you would assume anything at all about thieving... it’s a bit beyond me. He merely was saying that in his area farmers are covering their fields with chemicals that make the poo useless as fertiliser... I’m just gonna bow out now...
  19. Fellas I think the NightJanitor may have misread or misunderstood the good doctors post. I too would have taken some slight offence at the way you characterised it as **** stealing... I really don’t see how you could have inferred he stole it. In any case to @Helmsdeep I would like to say thanks... I like your idea of comparing such a basic commodity price. It’s at least a interesting th8ng to compare worldwide... I suspect it’s not totally useful though because it varies depending on local supply. I bet you pay more for in central Sydney than you do in Dubbo.
  20. The writing is clearly on the wall. If you see it and invest accordingly then the odds are in your favour.
  21. I believe they are correct in their assessment.... my original understanding of the escrow plan is that they would have had varying amounts being released after the initial 55 months. As it turns out they have opted to keep the escrows topped up to a billion for each new escrow. Given that it is: their own plan, on their own schedule, and totally their own business, I think it’s perfectly reasonable to keep the supply at a steady rate. Perhaps not perfect optics, or communication, but they are pretty much damned if they do and damned if they don’t when it comes to market communications. So I can understand them just quietly doing their thing and keeping a low profile. That steady supply is overwhelming now, but I can easily imagine a time in the near future, (after Institutional fomo has set in, and a log curve of uptake starts to take effect), that the monthly release will be swallowed by demand and insufficient for the OTC market. I can’t wait...
  22. I momentarily tapped into the Hive mind.
  23. Thats your opinion and apparently your willing to repeatedly share it... that’s the kind of thing we collectively DONT want in the Zerpening. Seriously mate, you just don’t seem a good fit there. This is not me saying you are wrong (how the heck would I know?) or even disliking contrary opinions... ( I value them actually ). Its just that the Zerpening is a specific spot for a specific purpose and that purpose is orthogonal to your desires. Please don’t think that your views are not valued on xrpchat.... it’s just that they are not welcome in that one specific club. Actually it’s not... it’s fun and we enjoy it. Also it’s a laugh. In Russia during Stalin’s reign there was a blossoming of dark humour which helped people cope with reality. The same thing happened during crypto winter (is it actually over?... god I hope so....) in the Zerpening... we helped each other laugh away our troubles. I’m really surprised you can’t see that.
  24. Which is why it’s odd that you want to be in the Zerpening... that’s exactly what it is for. A place to celebrate our shared delusion that xrp will become the Standard and dwarf all other coins. Seriously mate... that stuff I bolded in your quote (that you don’t like) is exactly what we do in there... why would you ever want to go there then? The only reason that I can imagine is that you feel a crusaders urge to go and spread the mighty message of dismalism to the ignorant savages who dwell in Zerpening.land. Well you know full well that message is not welcome there... so why are your knickers in such a twist about that? On a different note... I personally do not think any modding should ever be done without explanation to the recipient... but I’m not a mod so that’s just my opinion.
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