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iLeeT

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iLeeT last won the day on December 11 2017

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About iLeeT

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  1. Brad G. is pumping our bags, what a time to be alive.
  2. Would be good if they simply announce/disclose it. Originally, it was pitched like: https://ripple.com/insights/welcome-to-xpring/ "That’s why today we are announcing Xpring (pronounced Spring). Xpring is a new initiative by Ripple that will invest in, incubate, acquire and provide grants to companies and projects run by proven entrepreneurs. Every entrepreneur will use the digital asset XRP and the XRP Ledger, the open-sourced, decentralized technology behind XRP, to solve their customers’ problems in a transformative way." The sentence in bold was never true even from the get go though.
  3. Maybe it's just me but I can't see any of the images, only thing I can see is one tweet link which doesn't seem to have much to do with my post.
  4. Just curious - what regulation are we talking here exactly - US? As far as I know a lot of countries have already given regulatory green light - Singapore, UK, Japan(?).. I'm pretty sure there are others. However, banks are nowhere to be seen - you would think Brad as a CEO of Ripple and dealing with banks and customers all the time would've known this kind of stuff 2+ years ago when he said that major banks will be using ODL in 2019 - or he's suddenly surprised there's no regulatory clarity From what was mentioned before by people at Ripple, xrapid/ODL was created exactly so that banks don't have to ever touch crypto etc. i.e. there won't be any regulatory blockers. But at the end of the day people are still waiting for some magical global regulation to happen, seems to me like clutching at straws.
  5. 1. Remove anyone that is/was involved with Xpring - stop giving away XRP to projects and people that don't have anything to do with XRPL, rather focus the investment towards people like Wietse that are willing to build on top of XRPL. 2. Remove Brad from the CEO position. 3. Make ODL more scalable - don't focus on shady crypto exchanges in order to transfer money back and forth as this won't scale e. g. with the current model if they want to open a corridor in Africa they'd have to wait for a proper exchange to be in place. Better to think of another design - perhaps a pool of liquidity or Ripple can start opening up exchanges in exotic countries or at least serve as a liquidity provider. 4. Stop OTC and open market selling until the trust of retail speculators has been somewhat regained. 5. Be more transparent with how much XRP are being sold - not only from OTC and open market sales, but from Xpring i. e. what are the conditions around selling XRP, especially when it comes to Coil's 1B XRP. Also things like - how much people like Jed, Chris Larsen are selling on a daily basis. Obviously, none of those will happen
  6. I find it hard to believe, no offense.
  7. There's your formal confirmation -
  8. Sorry to burst anyone's bubble, but that's not how LinkedIn UI works.
  9. Well, more than 2 years ago if I remember correctly he said that if XRP volume and liquidity is the same 1 year later (we are now 2.5 years later) he'll leave/get fired. Not counting the massive amount of wash trading and fake volume, the volume is actually a lot less than what it was in 2017 so I guess he finally decided to leave. About 1.5 years too late, but better late than never.
  10. Tiffany seems to have lost the plot a bit.
  11. @quan , I don't want to get into lengthy discussions to be honest as I won't change your mind about anything and you probably won't change mine either, but since I'm under quarantine anyway let me address some of the points. Of course. Almost all coints have no utility and they've been around for more than 5 years. Heck, coins like ETC even got 51% attacked, devs left and they are still in top20 of the market. Another example - LTC, been around for ages. Just a stupid fork of BTC, barely any development for the past 2-3 years, just look at their github repo - https://github.com/litecoin-project/litecoin/commits/master Even the only use case left for BTC got annihilated last week when BTC lost 50% in a day. Safe haven my аss. It was more or less dragged by BTC (and to be honest ETH) that triggered the bull run. Obviously, I'm not saying that the fact XRPL is such a good tech doesn't add value - on the contrary. But it's not essential in this market. It's all about supply and demand at the end of the day. That's alright. I'm just saying I don't consider this as investing in its purest form. To be honest, from the beginning they announced they'll be investing in companies and startups that work on XRPL (which is exactly what expanding and building the ecosystem is) - however, that plan got thrown away. Probably about 10-20% of the money from xpring went into XRPL. I think it's too late for Ripple to do much anyway. It's not an easy issue to solve by any means. The value of XRP is only created by speculators and degenerate gamblers (myself included) They might be rebuilding the global financial infrastructure (they are not, but don't want to go into that), but the XRP use case is a specific one, it's not tied to rebuilding the whole financial infrastructure. Anyway, just my .02c, take it or leave it
  12. No, it's not. 99% of the coins out there don't have much of an ecosystem and are able to outperform the few 'utility' tokens. Investing into an ecosystem by selling your gifted tokens is hardly considered 'investing', is it. More than a billion dollars later there isn't a single bank using XRP - I'd argue the price of XRP now would be worth twice as much without all those xPring and the likes investing.. which in most cases has nothing to do with XRP, it's just expanding Ripple's business.
  13. They are not a large investor, rather large stakeholder. Hard to 'invest' too much when your whole stack was gifted to you.
  14. Just my .02c what might happen after a Ripple IPO: - Institutional money, hedge funds etc. (the big money a lot of people are actually hoping to start flowing into crypto and/or XRP) would almost certainly prefer to hold Ripple stock rather than buy XRP for various reasons - lower risk, regulated market, dividends etc. - A lot of XRP holders might convert some of their stash into a Ripple stock -> could lead to somewhat short-term selling pressure. - For a crypto noob or a new investor, XRP could be seen only as a high risk speculative token that is being traded on a manipulated market, prone to pump and dumps. New-joiners would probably prefer Ripple stock or CFD on leverage. - I can also imagine the FUD campaigns if we have both a Ripple stock and XRP - if you think it's bad at the moment (i.e. XRP has no use etc.) just wait until there's an actual way to buy Ripple stocks. That being said, crypto market is mostly algos and bots so if the above means Ripple to stop selling XRP on the open market it might be somewhat beneficial in the long run and XRP could compete with the likes of ETH and BTC during bullruns. Just compare Q1 2020 without sales from Ripple on the open market to Q1 2019 - XRP is pretty much on par with BTC during bull runs. In Q1 2019 it got absolutely hammered.
  15. Indeed. However, my post wasn't prticularly bullish, I feel like Ripple IPO will be absolutely terrible for XRP (although it might not be as bad as Ripple continue selling on the open market for the next 10 years, yet to be seen). Another thing is a long time ago Brad I think mentioned they don't really rely on XRP sales to keep the ligths on which is not true (I didn't believe it back then for 1 second, but I'd imagine a lot of people did)
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