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iLeeT

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Everything posted by iLeeT

  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. Sorry to burst anyone's bubble, but that's not how LinkedIn UI works.
  8. 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.
  9. Tiffany seems to have lost the plot a bit.
  10. @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
  11. 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.
  12. They are not a large investor, rather large stakeholder. Hard to 'invest' too much when your whole stack was gifted to you.
  13. 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.
  14. 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)
  15. With the aggressive expansion of offices, hiring etc. I'm not really surprised they wouldn't be profitable without XRP sales, after all they were selling a lot in the past 2 years. I don't think the new secured funding of $200M will secure them financially for very long so they'll either have to start selling XRP on the open market or they'll do an IPO. It seems the latter is the option Brad G is going for.
  16. You make some fair points there, but there are some things to consider. Like I said, BTC model with miners dumping all the time is just as flawed. But you can still see it has an impact on the price, if you look historically bull-runs are around/after halvings.. which is expected. Also, keep in mind that BTC volume and liquidity is much better than XRP, the volume is usually about 7-10 times higher than XRP so it's easier for market to absorb over-supply. I don't agree that all alts are similarly down from ATH.. The difference between being down 86-7% from ATH and 94% is massive if you start doing the calculations e.g. XRP needs to do a 100% price increase from here to reach the 'down from ATH' level of ETH 'Everyone keeps blaming Ripple' - that's because it's an XRP-related forum I can talk about all other coins' flaws, but will go massively off-topic
  17. Well, Ripple are the major owner of XRP - I'd say it's normal for them to have an impact on where the market is going when it comes to XRP. What is your theory on why XRP is unable to catch up to the rest of the market when it comes to rallies (during the past 1 year in particular) - genuinely interested, I'm yet to hear a valid alternative argument. The only one I've heard is - 'well, the market is manipulated and whales are suppressing the price of XRP as it's a threat to BTC'. But, then again, aren't whales considered the ones with a lot of XRP?
  18. How? Even the CEO of Ripple admitted they sell OTC at a discount with a lockup period in one of his interviews. The price last 3-4 months was dropping as the market follows BTC when it's dropping (mostly trading bots etc.). The problem is when BTC starts rallying - that's when XRP was really left behind due to selling pressure. Now it's a little to late as for me at least, the market for XRP speculators was pretty much killed in Q1 2019.. Crypto in general is not very liquid so if you think cashing out on $1B in 2 years has no effect on the price, then you underestimate the basic principles of supply/demand and how trading works
  19. That doesn't mean it's a good thing. I never liked the bitcoin model with mining and constantly dumping coins on the market as well.
  20. Fair while? They've stopped selling on the open market 2-3 months ago, hardly considered 'fair while'. Plus, OTC selling has an impact as well as people are buying from them OTC with a discount and a lockup period with the aim to sell it at a higher price on the open market. Of course, their sales are not the only problem with the price, but to say it's not one of the major problems, would be pretty naive. In Q1 Ripple sold about $250M worth of XRP based on a massively inflated wash-trading volume. During that time most alts pumped more than 100% while XRP iirc even decreased in value. By mid 2019 it was down 40% ytd, so I don't buy the whole 'their selling is not a problem for the price'. Not one bit.
  21. I think this will eventually be a bad thing for XRP holders, but I guess time will tell. Why it could be a bad thing - well, people were eagerly waiting for institutional investors and wall street money, what do you think these guys will choose and trade - an actual stock that also gives you some benefits and rights or a speculative token in a completely manipulated and unregulated market? I know what I would pick. Also, I'd imagine a lot of XRP holders will hedge/sell some of their holdings for an actual Ripple stock. Still, it could be a positive in the sense that they'll probably stop selling XRP on the open market which is better than nothing I guess.
  22. What in the actual fuсk is this, lol Even Coil's business plan looks decent compared to xSongs.. and that's saying something.
  23. I don't think that's true, especially for EquityZen. From their FAQ: What am I purchasing when I invest? - When you make an investment on EquityZen, you are purchasing ownership in an EquityZen fund that owns the shares of the company. You will not own the stock in the company directly. Do I own the stock in these companies? No, you'll be a member of an LLC that owns the shares of the company. I don't think even if you were an actual shareholder in a private company you'd get access to a lot of things.
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