Forex is just buying and selling of XRP for other currencies. That doesn't create growth. What we need is for people to buy XRP and hold it for long periods. Ripple needs to clearly state the "XRP Value Proposition" to the public. This should be front and center of Ripple's message. It needs to be clearly explained why anyone should buy and hold XRP instead of Bitcoin. The company's strategy for distribution must be clear and well defined. Every account holding XRP belonging to the company must be fully disclosed. When the company makes an XRP sale, the terms of the sale must be disclosed including the price, the amount, and whatever the terms of any lockup are (XRP should never be sold in bulk by the company without a lockup). The buyer can keep their identity secret. Furthermore, when the sale is made the company should announce the account IDs where the XRP is being held so the public can watch it. And the company should provide a public, monthly report showing the exact total of XRP held in lock up, and how much XRP has come out of lock-up in that month repeating the account IDs which hold the XRP no longer under lock-up.
What I described above is not "required" - there is no legal obligation to do so. But if this information is not provided, then the market will price-in the uncertainty by discounting the value of XRP.
Ethereum's primary purpose is supporting powerful smart contracts. It shouldn't be difficult to implement ILP support as a smart contract on Ethereum.
Bitcoin already has enough capability for ILP to work with it directly on the blockchain.
All you need is a way to lock funds up securely such that they can be released to two different parties based on two different conditions.
I don't understand why you take exception with me saying that XRP is independent of the company, except in that the company is a large holder. It's the truth.
XRP predates and is independent of the company.
That doesn't mean that the RCL isn't central to what the company does: it is the foundation on which it was built.
And, of course, the company is a large—and rational—holder of XRP. A healthy and robust ecosystem around RCL that will drive XRP adoption is in its best interest.
If your objection are the monikers that are used… welll, I've got better things to do than argue about that.
These are IOU gateways we have, some of them are dead, scam gateways. If you have good or bad experiences with any gateways. You may let other Zerper know about it. If you see scam gateways, please name them too. I strongly believe we should NOT have scam gateways in Ripple network.
The digital asset market has grown from 8 to 24bn in the past year and shows no sign of slowing down. Teams of developers are building platforms for fund managers to build digital asset arrays to make crypto more accessible to private investors. Melonport is building a protocol to allow bankers to build portfolios of digital assets alongside their more traditional offerings. The cat is out the bag. Crypto is coming to the masses.
Up to this point most investors have either been geeks or crypto anarchist hypocrites trying to build their own fortune whilst sneering at the banking elite. Recently we've seen a rapid rise in coins offering anonymity. Back in 2013 Ripple had a market cap that was far higher than DASH and Monero which many perceived as being built by hobbyists offering little in the way of innovation. The initial XRP allocations and less than transparent distribution strategy should have been a more obvious concern to many early investors. However, in recent times Ripple's communications regarding distribution have become much clearer. DASH has now surpassed Ripple in terms of market cap and Monero is not that far behind. This should not be regarded as a concern but rather a fresh start. The playing field has been levelled.
When the serious money starts flowing in crypto it is not going to be worried about anonymity. Most important will be the security of the network and the quality of the team backing it up. In this regard Ripple has no equal. Some will argue that it is centralised. However is it not more worrying that the supposed decentralised Bitcoin network could be brought crashing to its knees by a rogue force with $200m of mining equipment? There is value in having funds secured by a network of trusted institutions.
If Ripple is successful in building a network of banking partners the fact that they are not using XRP will not be a hindrance to it gaining traction as a secure, trusted and valuable digital asset. Association alone will be enough. By measuring twice and cutting once Ripple are positioning XRP as the safest choice for both private and institutional investment.
XRP will most likely one day fulfil its role as a bridge between different currencies. It is the manner in which the company goes about its business that will see it rise in value such that it can perform this role effectively.
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