Jump to content

EasterBunny

Member
  • Content Count

    170
  • Joined

  • Last visited

About EasterBunny

Recent Profile Visitors

965 profile views
  1. I’m not an expert but in their 2015 settlement with FinCEN the word ‘currency’ was found 28 times. 0 hits for ‘commodity’ or ‘security’.
  2. The "negligible amounts compared to our other funding." comment by David was probably NOT referring to VC funding. How much have they made from software sales and partnerships with the 300+ institutions they have signed on? If they've earned 12B or more through partnerships and contracts, then yes, I would say their XRP sales are negligible. Ripple does not disclose how much they have made though these partnerships(nor should they). These number aren't public because Ripple and their customers do not want them to be. 300+ employees, offices in expensive cities, generous donations and funding for side projects don't come cheap! They must have a strong income on top of XRP sales to have been able to accomplish this. I think they will continue to grow even as they slow down XRP sales.
  3. Is it a clever work-around to allow circular trades? I see partial payments, 'no direct ripple' and 'limit quality' flags. I'm guessing that the flags force the path to go around the direct option, and is only successful if the exchange rate is favorable. Using a ULT/UPH token to facilitate a trade through CNY, to net a small amount of XRP? Am I close?
  4. https://www.sec.gov/news/press-release/2019-207 “By statute, the Volcker rule generally prohibits banking entities from engaging in proprietary trading or investing in or sponsoring hedge funds or private equity funds. Under the revised rule, firms that do not have significant trading activities will have simplified and streamlined compliance requirements, while firms with significant trading activity will have more stringent compliance requirements.”
  5. I would normalize everything now to USD, as it’s currently the most stable and widely recognized currency. You could localize all the data to the user specified currency, but that’s a lot of work...
  6. That sounds good... but maybe expressed as a percentage? So ODL FX Rate of 102%, would mean that ODL FX rate is 2% more expensive than the global averaged FX mid-market rate? A number less than 100% would indicate you're beating the exchange rate. You would have to indicate the direction as well. USD-->MXN might be 102%, and MXN--> USD might be 98%. Of course, this would only be the cost that the Ripple net customer pays to use ODL. They could charge their customer whatever rate they publish to them and keep the difference. Let's say MG charges their customer 6% for an average remittance of $500, and MG pays 2% of that in the ODL transaction. They keep the remaining 4%. The goal is that MG eventually pushes the savings on to the customer and are able to drive demand up by offering a lower cost service.
  7. "Disposition of Acquired Organization: Subsidiary" to me, means that Ripple owns them. They can take all profits they generate, and Ripple pays all(or none) of their salary. Ripple has complete authority to make the company go away, or to help further XRP adoption/integration. I think this is a win.
  8. Call it ODL FX rate(relative to real FX rate, from XE.com). Use negative numbers to indicate a less than favorable rate. Run the script daily(or several times a day and average the results). Then plot the results over time and we can track how the rates change over time. You can make some assumptions about volume, and update additional known fees as they change. I would add in a default fee of 0.13%, which is what Bitso charges for market orders, and a 0.07% fee for the Bitstamp end. https://www.bitstamp.net/fee-schedule/ https://bitso.com/fees?l=en I think the above would be a much better measure of liquidity than the tenitoshi index because it’s a direct measure of the cost to move various amounts of money. Keep up the good work!
  9. LCW probably calculates liquidity based on the volume within 2% of mid market price. It would be interesting to sum up only the liquidity from The crypto compare top tier exchanges and see what the volume looks like. CMC’s liquidity calculation has BTC at ~60M and XRP at 20M (in the other thread I posted) which is much lower than LCW. CMC also doesn’t say exactly how they calculate liquidity because they don’t want exchanges gaming the system
  10. I took a quick look at CMC liquidity data. It's not posted on their main page, but if you select a currency and look at the markets, you can see their new liquidity metrics. I looked at BTC, XRP and USDT top 400 markets pairs by adjusted volume and summarized below. https://coinmarketcap.com/currencies/bitcoin/markets/ https://coinmarketcap.com/currencies/ripple/markets/ https://coinmarketcap.com/currencies/tether/markets/ Only ~30% of markets are displaying the liquidity index, and XRP is the least reported of 3 above. CMC does not report Bitso liquidity (1-4M daily?). XRP liquidity is probably under represented, but it's anyone's guess how this metric will evolve.
  11. http://ir.moneygram.com/news-releases/news-release-details/moneygram-international-reports-third-quarter-2019-financial the line above it in their report on table 6 is ‘cash and cash equivalents’ for 131M. I’m still not sure what they mean by ‘settlement assets’.
  12. I’m confused about the term ‘settlement assets’ on their earnings report. Surely they can’t have 3.3B+ trapped in the system? Anyone have an idea what this actually means?
  13. Ripple charts hasn’t been supported for years. It has seen many bugs and strange data in the past. Look at it a day or two and you’ll see that spike go away.
  14. https://bitso.com/trade/market/xrp/mxn or via their API https://api.bitso.com/v3/order_book/?book=XRP_mxn
  15. If there is a high volume of bi-directional flow, market makes will see higher profits. Higher profits will increase competition between market makers. More market makers mean more people holding positions in XRP. More demand for XRP means prices go up. We’re not there yet, but it’s starting.
×
×
  • Create New...