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Brokedownpalace

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Everything posted by Brokedownpalace

  1. Nope, the venture cap investors are non controlling. Founders and employees and SBI still rule, although the venture guy’s opinions still count.
  2. But the banks do care about settlement. Big time. And that is why they are the first target.
  3. It does not make sense to “maintain a low price”. It makes sense to always transact at market
  4. Main point of going public is not to get more capital but to provide liquidity for early investors, those wanting to cash out. They have not seen a dime, which is good. Every single $ from XRP sales has been plowed back into the ecosystem, not investors pockets. So far initial investors have been patient. No reason they can’t wait another 12-24 months.......Additional capital for growth, if needed, can be gotten other ways.....Ripple has already “raised” its initial project stash. No need for more. We are now in that magical post vision pre realization phase. Full of doubt and worry yet tasting a true tangible result that is historically hard to believe but actually makes sense. A very rare fact pattern.
  5. Relax Chico, even a broken clock is correct twice a day. BTC maxis are the dinosaurs of 2020. May the future belong to the pragmatists.
  6. The odds are against it happening anytime soon. Diluting shares to raise unneeded money is simply unwise. So is gifting XRP to anyone. Shareholders would not allow it. Remember they own the company NOT management. Also a company does an IPO only when the company’s vision is within view of the masses..... Ripple already has shareholders. There already is a secondary market for those shares, albeit illiquid. A direct listing makes sense perhaps as it does not dilute. But not any IPO that diluted shares.
  7. Dumping assumption is quite real. IRS or equivalent demands estate tax paid in fiat. All that BTC is valued in fiat at death. No way around it. It is interesting that the court decision later clarified the estate’s value, but the principle remains. That tax bill has to be paid one way or another.
  8. Throughout history banks have been repositories of value. That will not change. If digital assets prove to have value banks will hold them. It does not matter if individuals can also hold them. There is lots of value for banks to add......Meaning banks will be around but not quite as powerful as before. Any maxis thinking otherwise do not know history/geoplolitics
  9. Agree. A subscription? Really? That is going forward? No. Yes micropayments will be huge, but not that way. Subscriptions work only in certain precisely defined enterprises, not in the mass Youtube/blogsphere. I have run businesses based on micropayments vs ads and ads always win out when a consumer is the end user. Because ads are actually a micropayment in the form of barter; consumer trades his/her mindshare for a vendor’s expense. It is profoundly efficient. Not to mention the oftentimes situation where ads increase the consciousness of a product. So while micropayments will be huge, they will not be huge where ads are huger. Don’t underestimate ads. The graveyards are full of entrepreneurs who tried ad workarounds.
  10. That 75% is a highly suspect figure bandied about by the pro BTC crowd. The cold hard warming fact is that any time electricity is burned unnecessarily it increases demand on the worldwide grid. We have obvious better currency alternatives. Wait till Greenpeace, Sierra Club, U.N. Council on Global Warming et al start putting BTC in their target sites. Less than 12 months away I would think. Transferring BTC will be seen as so politically incorrect that it will equated with the KKK. Anyone trying to spend BTC will be ostracized.
  11. I think in their statement SWIFT implied they won’t partner with anyone, just lay down an open foundation where any third party vendor can do anything innovative. They are recognizing their limitations. Good news. And leaving a huge opening for XRP imo.
  12. FB will not be allowed to favor any currency over another due to upcoming antitrust law.
  13. It is not under the SEC’s pervue whether Ripple owns assets like XRP. Ripple has every right to. No different than a company like DeBeers owning a lot of diamonds or a large farmer having a stash of corn in his emergency silo.
  14. M Remember the exchanges all froze under the congestion. All the fundamentals are in xrp’s favor
  15. He sold way less than 1%. Remember he indirectly owns 1 billion+ xrp through his 2% ownership of Ripple.
  16. I would hope Coil and micropayments would be more attractive to Facebook than its current inefficient advertising model.
  17. You don’t know what u r talking about
  18. Sure, slowly distribute pro rata the xrp to the shareholders so they individually can decide to hold or sell. And Ripple could keep enough stash to ensure future funding etc. Distribute say 25 billion over five years. A big benefit would be that critics would have 50% less of a target stash to criticize. Holding 25% of a supply is a lot different than holding 50%.
  19. Fact: Ripple the Co spent some $40mm+ in 2018 on share repurchases based entirely on the fact that they considered their stash of XRP undervalued. Undervalued...Digest that. Management and shareholders are still all in re XRP’s potential.
  20. There is enough xrp in circulation now to do what it has to do. Escrow is also doing its job limiting release. The only problem is the emotional one of the public being envious of xrp holders. The politics of envy. Ripple’s stash is owned by over a thousand shareholders. Ripple should slowly give their shareholders ownership of that stash.
  21. My take from the press on the possible Chinese mining ban is that it is focused on the environmental damage of Proof of Work mining. Specifically electricity. And the crypto market tanked as a result. Why no differentiation of those consensus crypto’s, (xrp, etc) that are clean and pass the test? Xrp prices should be rising
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