MatinMontreal

You beat me to it!

Some Saturday morning fun. These memes are great Scroll through. There must be 30+.

Regulatory clarity = institutional participation, institutional participation = higher demand/volume, higher demand = higher price, higher price with higher demand = too expensive to manipulate the market and therefore less volatility. And of course growing demand (adoption) whether slow and steady (one FI a week) or exponential (network effects) - both of which we’ll see quite a bit of over the next three years - equals big price growth.

It’s absurd to think that we can know the price two weeks from now, let alone months from now. Too many unknown variables. Anyone can make up random numbers with no legitimate methodology to back it. The FUD is strong these days.

Probably not suitable today but they face a big risk by not anticipating the future. XRapid will enable fees to drop to a fraction of what WU is charging. Other market participants as well as start ups will be more competitive in this space and WU will be tied to an outdated legacy system that they should have started updating yesterday. Banks (eg Santander) will move more and more into this space as well. People will also, more and more, just remove all third parties from their remittances. It’s adapt or die.

The most troubling question to me is: why is the CEO talking to the press about private small scale testing? It’s harmful to Ripple and to WU’s relationship with them. Good, bad, or so-so results, he should keep his mouth shut. Not helpful to anyone.

Given SEC Chair Clayton’s recent comments on ICOs and cryptocurrencies and the fact that former SEC Chair Mary Jo White is now on retainer for Ripple, I don’t worry too much about the securities question. Ripple has this covered.

I will give credit where credit is due: you are one of the more effective FUDsters on here, concern trolling, spreading pessimism, and generally dragging things down. One might wonder why you are on here posting day after day as if you have nothing better to do. What could you possibly be trying to accomplish? Hmmm..

So which is it? 100% cash or 50% cash? One post was three hours ago but this last post was two hours ago. If you’re going to spread pessimism and FUD, at least keep your notes in front of you.

I think part of the equation is that most XRP hodlers are here for the long term. There is less day trading compared to other cryptos.

And another one in the last month about why XRP will be $5 “sooner than you think”. Well, I can think pretty soon. 🤪

Yes, I reference that above. But there needs to be something with an easier User Interface so it's more accessible to the masses. That's why I asked about an app for your phone.

With the Santander app launching, the success of the XRP tipbot, and other emerging technologies in the pipeline, I have a question. Is there anything keeping someone from developing an app which would readily "store" XRP and could then be easily transferred from person to person or person to business directly? That is to say, I download X amount of XRP from my Nano or an exchange to an app-linked address much like a checking account. Then as needed, I pay others and also receive funds into the address associated with the app. No need for a 3rd party. Or there any legal or technical reasons preventing this from happening? It seems to me that, while a pretty simple concept, this would be a big game changer undermining the very value proposition of FIs and remittance companies while also allowing XRP to function as a potential secondary currency in any/all countries. Thoughts?

I guess it depends on the safeguards at your financial institution. I was told by the bank employee issuing me my safe deposit box key that even with a copy of my will, any heir seeking to gain access to my SDB would have to go to the courts first for permission. Now, this is in Canada, not sure how stringent it is elsewhere.

Kitao did say that in an interview but I took the “overnight” as hyperbole. Number one very quickly, yes, but not in an instant. And how a top new exchange with XRP as the primary base affects price is hard to say. Upward pressure, absolutely. But how much and how fast?