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About jag216

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  1. Normally I would agree with you, but recall Cuomo at IBM decided to go with hyperledger because they wanted something that was not encumbered by pesky licensing terms. Harder to roll your own that way a suppose. I mean, I understand the idea, but I do feel it trivializes what ripple's tech has achieved thanks to corporate focus and dedication. I think it is better from a support perspective to work with a dedicated company than rely on the knowledge and availability of whatever quadrant of the hive mind decides your problem is worth addressing.
  2. By applying ratings to cryptocurrencies, even ratings that indicate higher risk, financial institutions can begin assigning them to portfolios with matching risk comfort profiles. Without those ratings, large funds have to be cautious and in general, I believe even a high risk, lower rating will fare better than no rating in this space. The culling of the unrated coins will begin shortly. Wear sunglasses as you watch the funding apoceclipse unfold.
  3. Hah, for everything else, there's XRP. XRP. Don't leave home without it. Have an XRP and smile. See, that would be a pretty amazing household name right there. So many production plants in countries all over the world.
  4. Ripple Employee Spotlight

    This is great news. Would love to be a fly on the wall over there... This guy was the lead for intuit's data platform. No slouch.
  5. My interpretation of this comment:
  6. I mean, come on... https://www.quora.com/profile/Satoshi-Nakamoto-31?share=4aec7134&srid=uFeq
  7. JK posted a succinct answer to the question of whether banks are forced to use xrp by ripple. https://www.quora.com/Is-XRP-not-required-for-the-Ripple-Swift-replacement/answer/David-Schwartz-9?share=2401b66b&srid=uFeq
  8. As more things are priced in xrp as a bridge currency behind the scenes, its value trends up. Prior to adoption by member countries, the Euro acted as a bridge currency whenever you did a money exchange from one EU currency to another. This increased the value of the Euro so that it would have an organic value as a cross-border currency. At a minimum this increases the floor value of the currency - so long as it is being used in this capacity, even for a few seconds, value will accrue. As more pairs exist on more exchanges, this value increases as volume increases. Above this, every tangible asset redeemable by xrp adds its value to the total value of the currency. This can happen through selling of goods and services priced in xrp or the establishment of debts secured by assets and repayable in xrp. It can accrue store of value status as a safe haven currency once liquidity channels are established. If there are no viable restrictions to spending on the network and the network extends into enough corridors, xrp can become a superliquid asset. The easier it is to spend in lots of markets, the better from a store of value perspective. Bitcoin has a lot of perceived value because government and banks can't stop you from spending it. However, as the miners, exchanges and technological barriers to liquidity arise, the coin has started losing some of its lustre as a store of value reliable in crisis. A miner oligopoly can be as restrictive as a bank when it dictates fees and determines transaction throughput. We've seen how exchange throughput directly impacts coin value through restricted utility. By dedicating itself to reducing friction, developing xrp as a convenient vehicle for translating settled value rapidly across borders, and decentralizing the trust mechanism by incentivizing participating institutions to become trustable business partners, Ripple is working on every front to make XRP as liquid and available as possible. This should increase the floor - to where? We don't know! The scale is yet to be seen. Identifying the current cost of the problem established the value floor. Establishing the value of the solution establishes the value ceiling - and the markets will decide that.
  9. MoneyGram debuted Sendbot - an app to send money on facebook/messenger - just this last spring - just saying... http://www.moneygram.com/us/en/how-to-send-money/send-money-with-moneygram-sendbot
  10. The ability to denominate real assets in XRP - even on a lending basis - is huge as there will need to be a security deposit or other collateral thrown into the mix as well. Talk about bridging IoT and IoV!
  11. The mere fact that ripple has an auditable accountable corporate body for XRP puts them head and shoulders above any other vendor. While NDAs shield public disclosure of business relationships, my guess is that any audits performed by ratings firms would be provided with more transparent access by ripple. Time to people.
  12. Cuallix CFO on xRapid use

    Adjusting the brightness yields content under the marker. Lesson, use better sharpies. Absolutely this person: https://www.linkedin.com/in/nicolas-palacios-6242549/
  13. Cuallix CFO on xRapid use

    I wouldn't post a card as a CFO on twitter that included my direct info. The fact he blanked out his last name suggests Patton is a nom de plume - otherwise he would have left it in the clear.
  14. I've actually returned to my original expected trajectory based on fundamentals, which have improved since early December. Still hoping to buy in @ $0.75 if I can get exchanges to clear my deposits. Frustrating. I wasn't expecting to break into dollar territory until Q3 - based on where Ripple reps see its position right now and how consultants treat Ripple in the broader marketplace. That isn't to say I think it "shouldn't" be worth that much, but a test drive is not a sale. I do think that as more business is denominated in XRP it has to naturally assume the value of underlying contingent assets. The real value of the coin is not fundamentally its trading value - it is the value of the asset chains that it is contracted to redeem. We've learned this for decades of debt-based currency. The value of money depends considerably on what assets are redeemable with it. There are fluctuations based on the anticipation of what that money might be able to buy (or not buy) in the future, but this whole 'should be' economy of pricing and valuation is going to lead to errors, and errors can be very expensive. It is better to stick with real redemption rates as we know them, and pay close attention of expansion plans, timelines and scale. Amex is testing redemption corridor for assets between NA and UK with Santander - how is that going? Is the vertical improving? Is the horizontal ready to expand? If you go back and watch Brad's videos, he mentioned Amazon a TON. Take off your speculation glasses for a minute and instead of trying to guess when Amazon will be added as a partner (and believe me they won't until Ripple is considered a peer - and they are not). He explains over and over what his understanding of Amazon's model is - how they have taken over so many industries. Amazon started, if you will, with a dot on the horizon of commerce. We want to be the biggest bookstore. Make our customers happy from a to z. If you don't know that this is what the logo means, look at it again. They spent years dubiously building their verticals in that space - more customers, more books, and eventually more profits. Then they expanded to another vertical, movies and music. Then household. Etc. Etc. Each category is another silo constructed on the horizon of e-commerce. They perfect a vertical and then expand horizontally - which in Amazon's case means geographical spread, and it has not always been easy. FBA (Fulfillment By Amazon, which is a great logistics program) is another vertical they built. If you have any experience with systems design and you work with FBA, you can see the point-vertical-horizontal development pattern throughout their entire organization. At times it is frustrating because the verticals that appear so seamless on the front-end are often diverse, complicated and downright inconsistent on the back end. Verticals as they build are super rocky and experimental. Once they are solid, however, they potnetially explode horizontally unless there are government or industry juggernaut who are entrenched along the way. But Amazon just works around them. FBA can't ship books to Canada because Canadian booksellers lobbied the government to block Amazon from taking over their small bookseller market? Fine - says Amazon - we'll build a completely separate FBA warehouse network on the same continent just for Canada and build a completely distinct FBA account and console just for the Canadian market. Ripple views their work and their growth the same way. 1) Perform one thing superbly. 2) Establish the vertical - build up the vertical to its performance apex - happy customers, solid profits. 3) Build out the vertical across the horizontal - grow initial success exponentially - happy demographics, solid ecosystems, massive profits, massive reinvestment. 4) Rinse and repeat. Now you can pay attention to ignorant speculation grounded in nothing, or you can watch for areas in which Ripple is working with others and follow the pattern: Points - what new partners and corridors are they seeking to establish? Verticals - what partners are working with them to build up an engine on top of a key business point? Horizontals - what partners have seen so much success in perfecting the utilization of Ripple in one vertical that they are ready to expand territory wide? We've reached $1 based on nothing more than 100+ points, perhaps 60 verticals, only 3-5 of them solid and 0 horizontals. That's more than I would have expected. I think we're doing great, and I can't wait until we hear our first FI declare that their deployment of ripple was so successful in one market that they are expanding their program into other markets. That is when we take off. Not before.