Mercury

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  1. Drew liked a post in a topic by Mercury in US Military and XRP   
    Eagle Cash!
    That was what it was called, a closed loop system
    https://en.wikipedia.org/wiki/Eagle_Cash
  2. Mercury liked a post in a topic by KarmaCoverage in KarmaCoverage mini series   
    Ahh ok, now I understand. This is the key!
    This is what is different about KarmaCoverage than Insurance. Insurance is all 1st degree connections to a single hub.  
    I call this the "Trust Graph", and the leverage created by the 2nd degree friends is what enables Risk to be spread out laterally across the network of trust lines. 50 1st degree connections is enough, and people dont in real life trust 500 facebook friends. Although there are super users, who are hubs of trust line connections. These would be Agents or Community leaders, they can have up to 500 inbound trust lines max.
    Here is one of Ripple's early investors, I dare say I gave him the term "Trust Graph".

     
     
  3. Tinyaccount liked a post in a topic by Mercury in Paper wallet - New Member   
    The security conscious will tell you the second your cold/ paper wallet goes live its useless as a secure storage. To be safe create a new secure paper wallet, or try to do a off line transaction to transfer from cold wallet to  a hot one.
  4. CryptoJym liked a post in a topic by Mercury in Delayed Specualtaion Post   
    I won't lie, I am not a big fan of the speculation sub on the forum. I tend to skim it and move onto other sections. The shouting of up! down! sideways! WHY OH WHY?!?! tend to drive me to distraction. However, recent events and conversations led me to believe that it was past time for my very own speculation post.
    Rather than me guessing a price I will do a brief of where Ripple was, where it is now and where I think it is going.
     
    When Ripple first debuted as Open Coin and then Ripple Labs it was semi marketed as a better bitcoin, a 2.0 version. Less electricity usage, better voting mechanism, a self and well financed development team, new vision, built in exchange, etc. Backed by Jed, linked to the biggest BTC exchange (before its issues) and Chris, someone from the payment fields, give ripple some promise. 
    Yes it was panned for being centralized, the initial founders allotment and for being premined. BUT those differences, while anthem to most hardcore bitcoiners also enabled ripple to stand out from the first rush of alt coins which were mostly coloured, bitcoin copies. Users started playing with XRP and its built in exchange and some early speculation took place. After all, speculation and giveaways were the only real drive to adoption- you couldn't do it by mining, taking on the financial system, or spend it on the darknets/ alpaca socks (the main reason for early BTC adoption).
    Then the Jedegeddon incident, Ripple's regulatory fine, shut down of RippleTrade and complete pivot to FI/ banks quickly squashed the early speculations. The end of giveaways started a decline in adoption and falling away of the curious. With a declining user base third party services struggled to remain operational and Ripple's considerable influence and resources were completely focused elsewhere, often not in a transparent manner. Ripple's remaining user base were those large holders unable to liquidate, the hard core believers, the extremely optimistic or equally long viewed. Ripple did have a road map, but it was very long one and it was unclear when it would transition back to consumers (if ever), and the trickle down wealth with the bank adoption was never certain. Throw in continued 'scam' belief from other cypto crowds and the continued release of Alts that got better and had clear use cases (ex. etherum) and things were looking bleak for ripple.
    When a new partner/ initiative was announced and nothing happened the ripple base either double downed or left, leaving a small, but dedicated core. During this period the joking, gallows style, was that 'good news brings down the price'. The price more or less was steady, with little new monies coming in and fewer methods of leaving. The charts were flatliners.
    Now things are picking up and again there is speculation on the rise. Ripple is turning some love and attention back to consumer cases, there is increase in third parties, more transparency and mainstream love (without the crypto baggage). 
    Has anything really changed? Yes and no. 
    No, because the trickle down wealth from banks is still uncertain, especially with ILP. Ripple's future use is more certain but ripple's and XRP isn't. While more open it is also clear that unlike  the single focus product dev teams from other crypto's Ripple's is split between bank software, ILP and ripple.
    Yes, because despite the no's there IS a lot more going on. Ripple's continued presence shows it has staying power. The continued adoption by exchanges and wallets guarantees some form of ripple and XRP will survive even if abandoned by Ripple. There is once again some inflow of capital, and not only from the typical crypto fields. This should help insulate somewhat the effects of defacto crytpo base pair BTC's ups and downs. Even ILP offers a way for XRP to grow. I could go on; increased third party, vested partners, research, public interest, etc. but I wont. The long winded bases for writing all this was that I am placing my bet on Ripple not based on some fancy line chart or 'fundamentals'** but on a roadway that has had its ups and downs but has now clear road signs to the end destination.
    So were DO I see ripple going? Besides some volatile price surges I see a slow steady growth. The price surges will be in the early days when fear of missing out drives speculation. Once capital has grown these bumps will have less of an impact. Adoption by banks remains uncertain, but I can see those that service banks and bank like services turning to ripple as a way to fast track infrastructure or to better position competition. I do not see ripple replacing SWIFT ever, or becoming the new world order, but rather a much needed upgrade. 
    Not claiming to be a holder at all costs, I am in fact close to XRP broke due to being forced to withdraw some time ago. But, being out of the game as it were, has its benefits. I am not blinded by a sudden wealth increase, or hoping for one. I can step back and appreciate the tech, the community and experience for what it is- an adventure unlike no other. Most cryptos will ever be fringe tech, tunnel vision and echo chambers will often hide this fact. I have gone out of my way to interact with real world tech and businesses, and can them see them adopting ripple or products built on ripple (more likely) before other offerings out there. I find myself taking the middle approach between cheerleader and honest skeptic.
    XRP price speculation? In the end it still remains unknown. The potential outcome? Interesting and potentially world changing. Not in the most obvious or dramatic way, but in the little ways that have a endless and compounded impact. And that is a chance worth taking.
     
    ** I have so MANY issues with charts and 'fundamentals ' enough to fill a whole other post.
  5. KarmaCoverage liked a post in a topic by Mercury in KarmaCoverage mini series   
    I see the traditional risk and insurance markets more of a pre paid overdraft, your paying a little now to enable to get a bigger credit draw in case of need, after which you have to pay more (premiums, deductions, etc.) to get the same service. Companies make profit making sure you never have enough credit (they make profits between the expected loss and the pre-payments).
    Karma is more of a pre-paid debt. Your paying forward or setting aside the amount need against some future need (the network recycles the funds). The profits are in the value added services rather than the pool of funds themselves.
    I feel like I am saying this all wrong- I have big colourful charts floating in my head that kind of make sense.
    For this method to work I think you absolutely need the pre-funded central fund. For trust, for regulation and for the system to start. A 'insurer' needs to cover all potential claims, and no one will sign up in the hope of one day there being enough people to make it work. How the central fund is funded can be via ICO, grants, social programs, etc.
    The only catch I can see is anyone investing in such a system would need to see a clear path to returns and the recent ICO craze has installed a high level or expectations. Some social minded persons might make investments, or even institutions that might see a cost savings, but the serious funding would need a clear ROI. 
    The nice thing is that social program often has to show it will have a cost neutral and sustainability plan/ structure and social credit insurance has that covered.
    What about weighted trust lines?
     
    Using my example above I think Karma coverage would have prefunded system, say enough to cover up to $1000 for 50 people (random amounts). Trust lines are automatically added between the fund and the user account (level 1) and automatically between all other users, known or not (level 3). People can invite friends and family (level 1). The friends of friends can be added (level 2). This might help bootstrap establishing the trust lines
    The biggest hurdle is the preventive measure. I think people would use such a system like the go fund me services, only sign up and use when they have a need. They might stick around later contributing, but on startup they would come with a claim/ risk immediately taking from the system.
  6. Mercury liked a post in a topic by KarmaCoverage in KarmaCoverage mini series   
    There is a bit of a 'pay it forward' feel, but if you renew every year at some point your will be the one needing to tap the network for some liquidity.
    The profits (like in uber/airbnb/etc) are in operating the platform, not in supplying the escrowed value (car/home). 
    I agree, and this could be in part from an ICO (although I am not wanting to get caught up in the speculative craze), charitable giving, or investment. 
    On the investment part, I had to think about this for a long time, crossing off revenue models because they came with incentives which would under bad leadership open the door for the leadership to work the network for more profit. I have settled on Demurrage as the revenue model. The key here, like Ripple Inc, KarmaCoverage has a business model and is not dependent on ICO funding.
    There are also ILS (insurance linked securities) think of MBS but where insurance/risk is the underlying asset being securitized.
    I have spoken to these guys https://ledgerinvesting.com/blog/ and they look like they just got some funding. https://youtu.be/1upTUjeiPiU ..The problem with their methods is that the underlying indemnity contract insurance product is still highly inefficient on the higher frequency smaller losses. KarmaCoverage could also act as a source of data flow to improve the capital market side of the ILS pricing. 
    I may reach back out to them because there is some benefit from adding in the KarmaCoverage social review layer for fraud prevention and to push up deductibles. 
    Data flow is a big one. Each coverage request must be documented and there is a conversation curated around the loss event, and the solution showing just how much it cost, and that the funds from the network were used for the purpose intended. There is also lead generation revenue opportunity here to connect people needing a repair service, with a company offering that repair service. The service repair users can help price the loss event by placing a bid to fix the issue.
    Lead generation revenue again alleviates the need to depend on ICO funding.
    KarmaCoverage can be run with almost all user funds going back to users. Once it gets to scale, I'd prefer it run at 100%, but the demurrage income may be needed in the beginning.  What do you mean by weighted trust lines?
    The problem with GoFundMe, is exactly what you said. People only show up with their hand out. KarmaCoverage in intended to be an annual service that users renew on monthly/annually. This is where the whole section on "Post Pay" via GoFundMe, vs "Pre Pay" by escrowing value on ledger and networking with 50 others you trust and are willing to help. Then it is not a big deal, just like nobody gets mad when someone else gets an insurance claims check. That is why the money was escrowed at the insurance company anyway. This is a big deal from a financial product design perspective. 
     
     
     
  7. Mercury liked a post in a topic by pftq in New Ripple client/wallet: The World Exchange   
    Went with the white design and added particle animations to the back to make it more interesting.
    https://www.theworldexchange.net/
    Will next work on folding the user controls/options into a swipe menu for mobile and adding a QR code for sending/receiving.
  8. Mercury liked a post in a topic by KarmaCoverage in KarmaCoverage mini series   
    There would have to be an initial sign up period where the network would be in limbo waiting for enough users and trustlines to be connected. As those users came on network, and connected with their max of 50 trustlines, that would lead to inviting new trusted users onto the network. As the users connect their ability to create coverage increases. 
    If you had funding to 'prime the pump' that would go into the central KarmaFund, and could be used to make users believe it will work, because, "look the money is there". It is this KarmaFund where charitable contributions would be allocated. Then each user also has their wallet (with 50 trustlines), and when they vote to help someone they said they would be willing to help, the money moves from their individual wallet first. After all votes are counted, and if the loss event has not been fully covered, then based upon the sum opinion of all the voter/reviewers matching funds will be paid out of the KarmaFund.
    I thought I had all this fancy stuff figured out, but then when I found Pure Takaful,  I didn't actually come up with anything. Takaful has a central account and individual user accounts.
    I guess if I added anything it would be the 2nd degree connections (friends of friends), this is more like Hawala which is what RCL was originally built for by Fugger. So KarmaCoverage is Takaful coverage methods + Hawala flow of funds.
    Each risk type, or market, will have a different Loss Frequency. The amount of leverage KarmaCoverage can create depends on the Loss Frequency. This is the tricky part with a Life Events coverage... what the hell is a "Life Event"? It could be anything, if the Loss Frequency gets above 20% (meaning 1 in 5 will have a loss) then... you could still use KarmaCoverage the amount of leverage it would create is just reduced. With a 10% Loss Frequency, users can get 10x coverage on average, and a max of 25x coverage.
    Each of these risk markets, would have it's own RCL where the true real world Loss Frequency can be determined and change over time. But all of them contribute to the central KarmaFund, and this is where the business opportunity for KarmaCoverage is, in connecting and making markets (think ILP) between the RCL risk ledgers.
    As far as "the unknown providers". I think of it like any P2P service, the service must be provided by a peer to another peer. The service here is Liquidity, "Liquidity as a Service" or LaaS is the term I am going to stick with for now. I use this LaaS term because it is the individual peer who are escrowing value on ledger, and because it is on ledger it can be liquid and flow to any other peer in need liquidity to fill a financial hole. Just like it is car owner, not Uber, who provides the service. With LaaS it is the giving users who provide the Liquidity as a Service directly peer to peer. In a sense this is close to the idea of a Market for Float, but different use case/ market.
    Your idea of "the users pay the money back", makes sense in a LaaS mindset because Liquidity Risk is related to a time frame. Once that time frame has passed the need for the liquidity will have passes. You see this in businesses getting a line of credit. They use it to buy inventory, sell the inventory, and pay off the line of credit. I will have to think on this some more, very interesting.
  9. Mercury liked a post in a topic by KarmaCoverage in KarmaCoverage mini series   
    100% agree, people dont know how insurance works and we still fork over $100s of billions each year, because they believe it will work. 
    This is a good point, I figured other friends would be in a similar financial strained position. That part is ok. The part where family may not be as financially strained, and may "already have established a risk position to the end user", this part I have not considered. Although if the family member does not want to trusline connect to help their family member, that is their individual decision. The trustline connection does not need to be public (or easy) to for others to see. 
    You cant do KarmaCoverage without the network of truslines, this is why the blockchain, and ethereum are not options for the underlying ledger tech. Although ethereum has a trustlines project going now.
    It is the network of trustlines which enable the network effect to create the leverage, and enabling leverage is the goal of most financial products (loans, insurance, etc).  Remember the service works if users put in $100/mo, $1/yr, or $.10 per month. It does not matter how much they put in, what matters is that they connect with 50 other people they trust in real life and would be willing to help with whatever amount of value they have escrowed on ledger.
    ---
    on the micro insurance, bill gates tried this, and I think he blew $100 million or a billion. At the end of the day, sales and adjusting costs are just to high to make it worth while. This is from his 2015 SIBOS speach, we are coming up on 2018 pretty fast!
     
     

  10. KarmaCoverage liked a post in a topic by Mercury in US Military and XRP   
    Just responded, the latest version is a digital closed loop system called eagle cash.
    I also believe there is a canteen version for closed systems like ships and subs
  11. Bagheera liked a post in a topic by Mercury in US Military and XRP   
    Correct me if I am wrong does not the US Navy  have its own bank/ credit union?
    And do they not use cash cards (although I think there are transiting to new issuers using MasterCard tech) onbaord ships and such?
    A small bank with international customers with their own unique store of value cards and needs...
  12. Bagheera liked a post in a topic by Mercury in US Military and XRP   
    Correct me if I am wrong does not the US Navy  have its own bank/ credit union?
    And do they not use cash cards (although I think there are transiting to new issuers using MasterCard tech) onbaord ships and such?
    A small bank with international customers with their own unique store of value cards and needs...
  13. KarmaCoverage liked a post in a topic by Mercury in KarmaCoverage mini series   
    Hey @KarmaCoverage
    I ran into someone I knew who was working with a social service agency working on reducing the reliance of payday loans for everyday living expenses. They do this by offering their own micro loan service in partnership with credit unions (pre-boarding and flagging) as well as offering ongoing financial literacy/ education courses.
    I mentioned the idea of karma coverage and they were interested. One of the large causes of taking on debt by those on the edge of financial risk is something pushed them over, a unplanned expenses (ex: the sink broke, a small fender bender, phone died- particularly if needed for work, etc.) or personal event (ex: a child or parent was sick forcing them to skip a shift).
    By and large these are not bad spenders/ savers, but they are stuck in the trap of being unable to get themselves in a position to better weather small financial shocks. The large items like a house fire, major car crash, health ect tend to be covered by mandated insurance or there are social programs to cover costs for those unable to do so. Smaller expenses can be just as devastating, especially since there is no safety net
    The person I was speaking said that their program has considered a micro insurance before but it was on traditional models and in the end the cost to run such a program was unfeasible and some aspects went against their mandate.
    It would seem that social insurance, for and by members can fill this gap. It also pairs well with such social providers as they can help explain/ educate users.
    The only major issue is that this particular model runs on ripple (or other networks) and there is no easy way to get on board (signup, use, trustlines, etc.) For those struggling financially to learn one financial tool to simple use another financial service is a none starter. Did you have an idea/ plan to address this aspect?
    Also, do you have a small explainer prepared for those not in the financial/ insurance field?
  14. JamesRay liked a post in a topic by Mercury in FAQs: The Answers   
    After the last sentence I would add:
    It is also worth noting that there are no legal lockups, agreements, or other enforceable measures that prevent "Satoshi Nakamoto" from a sudden sell off or actions against the markets interests.
     
    People seem to forget that just because "Satoshi Nakamoto" doesn't act that he can't act. Short of all his holding going to a black hole account that threat is still there
  15. JamesRay liked a post in a topic by Mercury in FAQs: The Answers   
    Similar to @Hodor quote above
    I would add:
    Ripple and its investors are currently large holders of XRP. Even under lockup the company and its backers would like to see a asset under its control grow and return value to the company.
     
    People, especially bitcoiners appreciate greed as a means of self enforcement
  16. SimpleLife liked a post in a topic by Mercury in Beginners Guide: XRP First Steps   

    If and when there is enough content perhaps it could be spun off as its own support website. At this point its more beneficial to put the information where the people are/go and the forum setup allows ease of crowd editing and updating. As for videos and instructions on everything- if I had the time I would consider it.
  17. SimpleLife liked a post in a topic by Mercury in Beginners Guide: XRP First Steps   
    Part of the new Community Beginners Guide series.
    Other guides currently in the series:
    Beginners Guide: Into. Quick overview of the series and purpose of the guides
    Beginners Guide: Creating a Cold Wallet. A simple step by step instructions into creating a secure cold wallet.
    Beginners Guide: Desktop Wallet Step by step instructions in downloading and installing XRP CHAT WALLET, the creation and activation of new wallet and the first few steps to becoming a ripple user.
    Beginners Guide: What is a wallet? How do my coins get stored? How does cryptocurrency work anyway? This post goes over what a wallet is, what the common different types of wallets are and their differences, and how wallets can be used at a basic level.
    Disclaimer: This post features the first few steps in getting started with XRP. Ripple, the ripple protocol, Gateways and other advanced features are not addressed in this guide. Services or links to services/ businesses are not endorsements of those services and are for informational purposes only. This guide is offered ‘as is’ and accepts no responsibility for any damage or losses incurred etc.
    Difficulty level: LOW
     
    XRP is the native currency of ripple and only exists within the network. Users need a ripple wallet to hold their individual XRP balances and other assets issued on the ripple network. Every wallet needs a small amount to activate and to link/ trust Gateways.
    This guide aims to help you in acquiring and taking your first XRP steps.
    Step 1. OPEN A WALLET

    First you need to choose a wallet. There are a few options, each offering different features.
    1.      Cold Wallet. This option is ideal for people looking for a secure storage, normally of high value amounts. A guide to a sample set-up can be found here.
    2.      Hosted Wallet/ Service. This is the simplest option; the provider takes care of all technical requirements (fees may apply). An example of this wallet type is Gatehub. Simply go to https://signin.gatehub.net/signup and follow the instructions. A side benefit is that these providers often auto fund your ripple wallet.
    Note: Trusted and regulated services comply with their local regulatory authorities and often require Know Your Clients (KYC) verification; this can add DELAYS TO INSTANT WALLET SETUP.
    3.      Plain Wallet. Similar to a cold wallet, plain wallets can be obtained by just generating ripple key pairs. As this can require more technical knowledge it will not be addressed in this guide, but more information can be found throughout the forum.
    Ripple wallets have two addresses, a public and secret key.
    A public key will look similar to rJR7gjNe3DpJ7kpB4CHBxjDKfwVMpTKPpj. Public keys always start with “r”.  The public key can be shared or monitored on the ripple network and you can have funds sent to this wallet via this address from any other ripple wallet.
    A secret key will look like this sJR7gjNe3DpJ7kpB4CHBxjDKfwVMpTKPpj. Secret Keys will always start with “s”. The secret key is how you prove ownership over a wallet and gives withdraw rights. DO NOT SHARE. Also be sure to store in a secure place, if lost all funds stored on the wallet will also be lost.
     
    Step 2. FUND YOUR NEW WALLET/ BUY XRP
    If you used a hosted wallet/ service there is a good chance that your wallet is already activated. If you created a ripple wallet by other means you will still need to activate it with a small amount of XRP, the suggested amount is 30-50 XRP.
    If you are planning on acquiring more than the suggested amount of XRP the activation amount can/ will be deducted from your first deposit (although it is advised that you do the steps separately to ensure you have the correct address).
    You could ask generous members on this forum to help activate (be polite!). Buy XRP through an exchange or Gateway. Some sample Gateways are Bitstamp, Gatehub and Kraken. Individual steps on how to complete purchases though these gateways can be found on this Ripple page and on their individual websites. A list of other exchanges and Gateways can be found under the Links & Resources tab of the forum . Use a third party tool such as Bithomp (illustration on the left), these tools may use Paypal or other means to allow the purchase of small XRP amounts. Note: Ripple Charts (illustration on right) a service hosted by Ripple, shows updated market prices. Exchanges and Gateways may have different prices, including possible fees, but the charts should give you an idea of current XRP prices vs. many assets including national fiat, BTC, ETH, gold and more.
    Step 3. SEND YOU FIRST XRP
    This may vary depending on your wallet choice, but sending is easy. Just include the recipient ripple wallets public address (double check you have the correct public address) into the correct field and hit send. Some wallets may have QR codes that you can scan to simplify the process.
    Sample: Using Gatehub wallet (see illustrations below)
    1. Select wallet
    2. Select send
    3.This will open a new window
    4. Enter recipients public key
    5. Enter amount to send
    6. Confirm
     
     
    Step 4. REPEAT
     
  18. CryptoJym liked a post in a topic by Mercury in Delayed Specualtaion Post   
    I won't lie, I am not a big fan of the speculation sub on the forum. I tend to skim it and move onto other sections. The shouting of up! down! sideways! WHY OH WHY?!?! tend to drive me to distraction. However, recent events and conversations led me to believe that it was past time for my very own speculation post.
    Rather than me guessing a price I will do a brief of where Ripple was, where it is now and where I think it is going.
     
    When Ripple first debuted as Open Coin and then Ripple Labs it was semi marketed as a better bitcoin, a 2.0 version. Less electricity usage, better voting mechanism, a self and well financed development team, new vision, built in exchange, etc. Backed by Jed, linked to the biggest BTC exchange (before its issues) and Chris, someone from the payment fields, give ripple some promise. 
    Yes it was panned for being centralized, the initial founders allotment and for being premined. BUT those differences, while anthem to most hardcore bitcoiners also enabled ripple to stand out from the first rush of alt coins which were mostly coloured, bitcoin copies. Users started playing with XRP and its built in exchange and some early speculation took place. After all, speculation and giveaways were the only real drive to adoption- you couldn't do it by mining, taking on the financial system, or spend it on the darknets/ alpaca socks (the main reason for early BTC adoption).
    Then the Jedegeddon incident, Ripple's regulatory fine, shut down of RippleTrade and complete pivot to FI/ banks quickly squashed the early speculations. The end of giveaways started a decline in adoption and falling away of the curious. With a declining user base third party services struggled to remain operational and Ripple's considerable influence and resources were completely focused elsewhere, often not in a transparent manner. Ripple's remaining user base were those large holders unable to liquidate, the hard core believers, the extremely optimistic or equally long viewed. Ripple did have a road map, but it was very long one and it was unclear when it would transition back to consumers (if ever), and the trickle down wealth with the bank adoption was never certain. Throw in continued 'scam' belief from other cypto crowds and the continued release of Alts that got better and had clear use cases (ex. etherum) and things were looking bleak for ripple.
    When a new partner/ initiative was announced and nothing happened the ripple base either double downed or left, leaving a small, but dedicated core. During this period the joking, gallows style, was that 'good news brings down the price'. The price more or less was steady, with little new monies coming in and fewer methods of leaving. The charts were flatliners.
    Now things are picking up and again there is speculation on the rise. Ripple is turning some love and attention back to consumer cases, there is increase in third parties, more transparency and mainstream love (without the crypto baggage). 
    Has anything really changed? Yes and no. 
    No, because the trickle down wealth from banks is still uncertain, especially with ILP. Ripple's future use is more certain but ripple's and XRP isn't. While more open it is also clear that unlike  the single focus product dev teams from other crypto's Ripple's is split between bank software, ILP and ripple.
    Yes, because despite the no's there IS a lot more going on. Ripple's continued presence shows it has staying power. The continued adoption by exchanges and wallets guarantees some form of ripple and XRP will survive even if abandoned by Ripple. There is once again some inflow of capital, and not only from the typical crypto fields. This should help insulate somewhat the effects of defacto crytpo base pair BTC's ups and downs. Even ILP offers a way for XRP to grow. I could go on; increased third party, vested partners, research, public interest, etc. but I wont. The long winded bases for writing all this was that I am placing my bet on Ripple not based on some fancy line chart or 'fundamentals'** but on a roadway that has had its ups and downs but has now clear road signs to the end destination.
    So were DO I see ripple going? Besides some volatile price surges I see a slow steady growth. The price surges will be in the early days when fear of missing out drives speculation. Once capital has grown these bumps will have less of an impact. Adoption by banks remains uncertain, but I can see those that service banks and bank like services turning to ripple as a way to fast track infrastructure or to better position competition. I do not see ripple replacing SWIFT ever, or becoming the new world order, but rather a much needed upgrade. 
    Not claiming to be a holder at all costs, I am in fact close to XRP broke due to being forced to withdraw some time ago. But, being out of the game as it were, has its benefits. I am not blinded by a sudden wealth increase, or hoping for one. I can step back and appreciate the tech, the community and experience for what it is- an adventure unlike no other. Most cryptos will ever be fringe tech, tunnel vision and echo chambers will often hide this fact. I have gone out of my way to interact with real world tech and businesses, and can them see them adopting ripple or products built on ripple (more likely) before other offerings out there. I find myself taking the middle approach between cheerleader and honest skeptic.
    XRP price speculation? In the end it still remains unknown. The potential outcome? Interesting and potentially world changing. Not in the most obvious or dramatic way, but in the little ways that have a endless and compounded impact. And that is a chance worth taking.
     
    ** I have so MANY issues with charts and 'fundamentals ' enough to fill a whole other post.
  19. Mercury liked a post in a topic by JohnnieWalker in XRP Trading for Canadian folk? Why so complicated?   
    Ok so I got a very quick response and it was "We have considered and we may add it in the future."    so at least its already playing in their minds.  Here is to hoping!
  20. cjpsurf liked a post in a topic by Mercury in Poloniex account hacked?   
    This topic has deviated enough from the OP and tone is less than friendly that I am going to go ahead and lock this down
  21. Wobile liked a post in a topic by Mercury in Will the FED recommended Ripple on July 21st 2017?   
    The best possible outcome at this point for Ripple would most likely be for a US based PoC similar to the UK Central Bank's.
     
  22. CryptoJym liked a post in a topic by Mercury in Delayed Specualtaion Post   
    I won't lie, I am not a big fan of the speculation sub on the forum. I tend to skim it and move onto other sections. The shouting of up! down! sideways! WHY OH WHY?!?! tend to drive me to distraction. However, recent events and conversations led me to believe that it was past time for my very own speculation post.
    Rather than me guessing a price I will do a brief of where Ripple was, where it is now and where I think it is going.
     
    When Ripple first debuted as Open Coin and then Ripple Labs it was semi marketed as a better bitcoin, a 2.0 version. Less electricity usage, better voting mechanism, a self and well financed development team, new vision, built in exchange, etc. Backed by Jed, linked to the biggest BTC exchange (before its issues) and Chris, someone from the payment fields, give ripple some promise. 
    Yes it was panned for being centralized, the initial founders allotment and for being premined. BUT those differences, while anthem to most hardcore bitcoiners also enabled ripple to stand out from the first rush of alt coins which were mostly coloured, bitcoin copies. Users started playing with XRP and its built in exchange and some early speculation took place. After all, speculation and giveaways were the only real drive to adoption- you couldn't do it by mining, taking on the financial system, or spend it on the darknets/ alpaca socks (the main reason for early BTC adoption).
    Then the Jedegeddon incident, Ripple's regulatory fine, shut down of RippleTrade and complete pivot to FI/ banks quickly squashed the early speculations. The end of giveaways started a decline in adoption and falling away of the curious. With a declining user base third party services struggled to remain operational and Ripple's considerable influence and resources were completely focused elsewhere, often not in a transparent manner. Ripple's remaining user base were those large holders unable to liquidate, the hard core believers, the extremely optimistic or equally long viewed. Ripple did have a road map, but it was very long one and it was unclear when it would transition back to consumers (if ever), and the trickle down wealth with the bank adoption was never certain. Throw in continued 'scam' belief from other cypto crowds and the continued release of Alts that got better and had clear use cases (ex. etherum) and things were looking bleak for ripple.
    When a new partner/ initiative was announced and nothing happened the ripple base either double downed or left, leaving a small, but dedicated core. During this period the joking, gallows style, was that 'good news brings down the price'. The price more or less was steady, with little new monies coming in and fewer methods of leaving. The charts were flatliners.
    Now things are picking up and again there is speculation on the rise. Ripple is turning some love and attention back to consumer cases, there is increase in third parties, more transparency and mainstream love (without the crypto baggage). 
    Has anything really changed? Yes and no. 
    No, because the trickle down wealth from banks is still uncertain, especially with ILP. Ripple's future use is more certain but ripple's and XRP isn't. While more open it is also clear that unlike  the single focus product dev teams from other crypto's Ripple's is split between bank software, ILP and ripple.
    Yes, because despite the no's there IS a lot more going on. Ripple's continued presence shows it has staying power. The continued adoption by exchanges and wallets guarantees some form of ripple and XRP will survive even if abandoned by Ripple. There is once again some inflow of capital, and not only from the typical crypto fields. This should help insulate somewhat the effects of defacto crytpo base pair BTC's ups and downs. Even ILP offers a way for XRP to grow. I could go on; increased third party, vested partners, research, public interest, etc. but I wont. The long winded bases for writing all this was that I am placing my bet on Ripple not based on some fancy line chart or 'fundamentals'** but on a roadway that has had its ups and downs but has now clear road signs to the end destination.
    So were DO I see ripple going? Besides some volatile price surges I see a slow steady growth. The price surges will be in the early days when fear of missing out drives speculation. Once capital has grown these bumps will have less of an impact. Adoption by banks remains uncertain, but I can see those that service banks and bank like services turning to ripple as a way to fast track infrastructure or to better position competition. I do not see ripple replacing SWIFT ever, or becoming the new world order, but rather a much needed upgrade. 
    Not claiming to be a holder at all costs, I am in fact close to XRP broke due to being forced to withdraw some time ago. But, being out of the game as it were, has its benefits. I am not blinded by a sudden wealth increase, or hoping for one. I can step back and appreciate the tech, the community and experience for what it is- an adventure unlike no other. Most cryptos will ever be fringe tech, tunnel vision and echo chambers will often hide this fact. I have gone out of my way to interact with real world tech and businesses, and can them see them adopting ripple or products built on ripple (more likely) before other offerings out there. I find myself taking the middle approach between cheerleader and honest skeptic.
    XRP price speculation? In the end it still remains unknown. The potential outcome? Interesting and potentially world changing. Not in the most obvious or dramatic way, but in the little ways that have a endless and compounded impact. And that is a chance worth taking.
     
    ** I have so MANY issues with charts and 'fundamentals ' enough to fill a whole other post.
  23. Wobile liked a post in a topic by Mercury in Will the FED recommended Ripple on July 21st 2017?   
    The best possible outcome at this point for Ripple would most likely be for a US based PoC similar to the UK Central Bank's.
     
  24. Wobile liked a post in a topic by Mercury in Will the FED recommended Ripple on July 21st 2017?   
    The best possible outcome at this point for Ripple would most likely be for a US based PoC similar to the UK Central Bank's.
     
  25. CryptoJym liked a post in a topic by Mercury in Delayed Specualtaion Post   
    I won't lie, I am not a big fan of the speculation sub on the forum. I tend to skim it and move onto other sections. The shouting of up! down! sideways! WHY OH WHY?!?! tend to drive me to distraction. However, recent events and conversations led me to believe that it was past time for my very own speculation post.
    Rather than me guessing a price I will do a brief of where Ripple was, where it is now and where I think it is going.
     
    When Ripple first debuted as Open Coin and then Ripple Labs it was semi marketed as a better bitcoin, a 2.0 version. Less electricity usage, better voting mechanism, a self and well financed development team, new vision, built in exchange, etc. Backed by Jed, linked to the biggest BTC exchange (before its issues) and Chris, someone from the payment fields, give ripple some promise. 
    Yes it was panned for being centralized, the initial founders allotment and for being premined. BUT those differences, while anthem to most hardcore bitcoiners also enabled ripple to stand out from the first rush of alt coins which were mostly coloured, bitcoin copies. Users started playing with XRP and its built in exchange and some early speculation took place. After all, speculation and giveaways were the only real drive to adoption- you couldn't do it by mining, taking on the financial system, or spend it on the darknets/ alpaca socks (the main reason for early BTC adoption).
    Then the Jedegeddon incident, Ripple's regulatory fine, shut down of RippleTrade and complete pivot to FI/ banks quickly squashed the early speculations. The end of giveaways started a decline in adoption and falling away of the curious. With a declining user base third party services struggled to remain operational and Ripple's considerable influence and resources were completely focused elsewhere, often not in a transparent manner. Ripple's remaining user base were those large holders unable to liquidate, the hard core believers, the extremely optimistic or equally long viewed. Ripple did have a road map, but it was very long one and it was unclear when it would transition back to consumers (if ever), and the trickle down wealth with the bank adoption was never certain. Throw in continued 'scam' belief from other cypto crowds and the continued release of Alts that got better and had clear use cases (ex. etherum) and things were looking bleak for ripple.
    When a new partner/ initiative was announced and nothing happened the ripple base either double downed or left, leaving a small, but dedicated core. During this period the joking, gallows style, was that 'good news brings down the price'. The price more or less was steady, with little new monies coming in and fewer methods of leaving. The charts were flatliners.
    Now things are picking up and again there is speculation on the rise. Ripple is turning some love and attention back to consumer cases, there is increase in third parties, more transparency and mainstream love (without the crypto baggage). 
    Has anything really changed? Yes and no. 
    No, because the trickle down wealth from banks is still uncertain, especially with ILP. Ripple's future use is more certain but ripple's and XRP isn't. While more open it is also clear that unlike  the single focus product dev teams from other crypto's Ripple's is split between bank software, ILP and ripple.
    Yes, because despite the no's there IS a lot more going on. Ripple's continued presence shows it has staying power. The continued adoption by exchanges and wallets guarantees some form of ripple and XRP will survive even if abandoned by Ripple. There is once again some inflow of capital, and not only from the typical crypto fields. This should help insulate somewhat the effects of defacto crytpo base pair BTC's ups and downs. Even ILP offers a way for XRP to grow. I could go on; increased third party, vested partners, research, public interest, etc. but I wont. The long winded bases for writing all this was that I am placing my bet on Ripple not based on some fancy line chart or 'fundamentals'** but on a roadway that has had its ups and downs but has now clear road signs to the end destination.
    So were DO I see ripple going? Besides some volatile price surges I see a slow steady growth. The price surges will be in the early days when fear of missing out drives speculation. Once capital has grown these bumps will have less of an impact. Adoption by banks remains uncertain, but I can see those that service banks and bank like services turning to ripple as a way to fast track infrastructure or to better position competition. I do not see ripple replacing SWIFT ever, or becoming the new world order, but rather a much needed upgrade. 
    Not claiming to be a holder at all costs, I am in fact close to XRP broke due to being forced to withdraw some time ago. But, being out of the game as it were, has its benefits. I am not blinded by a sudden wealth increase, or hoping for one. I can step back and appreciate the tech, the community and experience for what it is- an adventure unlike no other. Most cryptos will ever be fringe tech, tunnel vision and echo chambers will often hide this fact. I have gone out of my way to interact with real world tech and businesses, and can them see them adopting ripple or products built on ripple (more likely) before other offerings out there. I find myself taking the middle approach between cheerleader and honest skeptic.
    XRP price speculation? In the end it still remains unknown. The potential outcome? Interesting and potentially world changing. Not in the most obvious or dramatic way, but in the little ways that have a endless and compounded impact. And that is a chance worth taking.
     
    ** I have so MANY issues with charts and 'fundamentals ' enough to fill a whole other post.