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Sebastian last won the day on November 20 2017

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  1. I never had any doubts Everis was using Ripple, but it is nice to have a recent confirmation from them. Below is a post by Everis UK from February 2018. http://insights.everis.co.uk/post/102epdb/at-1trillion-market-capitalisation-is-xrp-the-only-real-crypto-currency-due-it Also, below is a link to a webinar Everis UK put on in September 2017. https://www.brighttalk.com/webcast/15381/262389/how-blockchain-is-revolutionising-financial-services. Below is a post I made a while back on their webinar.
  2. IMO, diversifying is never a bad idea. While I think XRP has a good chance of surviving long term, there are probably better returns out there to chase. Nano (https://wirexapp.com/small-perfectly-formed/), which is even more of a speculative investment than XRP, makes up 7.5% of my portfolio. XLM makes up another 7.5% of my portfolio. XPR makes up the remaining 85%. I was very tempted to buy ETH when it was below $100, but I did not want to liquidate any of my positions and I do not need to put more money into the market for at least several more months.
  3. Stellar Worldwire is one of multiple IBM solutions. IBM is also behind CLS's DLT payment netting service called CLSNet: https://newsroom.ibm.com/2018-11-28-CLSs-DLT-payment-netting-service-goes-live-with-Goldman-Sachs-and-Morgan-Stanley. However, this solution has nothing to do with Stellar. CLS controls approximately 50% of the FX market. Competition in this space is good. When everything is said and done, I think the market will be fragmented in terms of the number of service providers (i.e., SWIFT, Ripple, CLS, perhaps IBM with their Worldwire solution, etc.). I think XRP and the XRP Ledger stand a good chance of capturing a large percentage of the digital asset market share for payments, but I think there are others that are positioned well too. I own XLM, but I cashed out my original investment a long time ago, and it makes up a very small percentage of my portfolio.
  4. The post is a year old, but it is a good read and is likely still accurate.
  5. According to the CLS-Group (https://www.cls-group.com/about-us/shareholders/) who has approximately 50% of the cross border payments market and is arguably more of competitor to Ripple than Swift: Source: https://www.cls-group.com/media/2109/cls_whitepaper_re-imagining_correspondent_banking_190218.pdf. Furthermore, the authors write: While I do not work in banking, the nostro/vostro statement, as well as many other statements made by Ripple, are valid. Many think cryptocurrencies are uniquely positioned to solve these problems, but there are also many who do not.
  6. Regardless of whether the content posted is positive or negative about XRP, I think anyone who has a direct financial benefit tied to the number of people who view the website, watch the video, etc. should be required to disclose such benefit when posting on XRP Chat. This would include referral links.
  7. As noted in the screenshot of the article, it has passed the House. However, it has not passed the Senate. Both chambers have to approve it so it has not yet been approved by Congress. It has been referred to committee: "Senate - 01/29/2019 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs." In the US, less than 5% of bills end up becoming law. This can be due to a number of factors such as heavy lobbying by industries in opposition, disagreement among committee members, or irreconcilable differences between the House and Senate. A good example of the latter is the GOP's attempt to repeal the Affordable Care Act (i.e., Obamacare). The bill the House passed could not be passed by the Senate so it never became law. The interesting thing about H.R. 56 is it is sponsored by two Democrats and two Republicans from four different states: https://www.congress.gov/bill/116th-congress/house-bill/56/cosponsors. One of the cosponsors is Mark Meadows who is one of the founders of the "Freedom Caucus." This is arguably the furthermost right group of lawmakers in the House and they are notoriously difficult to work with. The fact that their leader is a supporter of this bill along with a couple of Democrats gives me hope that it might just be bipartisan enough to become law.
  8. Ripple is right. There are no equivalent caveats in the equities market (as far as I know). Shares of a company that have been issued with selling restrictions are still included when calculating a company's market cap. Also, institutional investors often look at the 2050 market cap, not current market cap, when considering which digital assets to invest in: https://www.amun.com/en/index/.
  9. When I first started accumulating XRP, it was a few months after the previous ATH. XRP was trading in a range of $0.15-$0.30. The mood on the forum was pretty negative as there were some who bought in near the previous ATH. During Q4 2017, as several other digital assets surpassed XRP in market cap, the mood became very negative. That is until XRP had its own run. The mood turned euphoric, and many could not believe seeing $1, $2, and then $3. However, I believe most on here did not have ill intent. They were understandably caught up in the excitement. In regards to the OP's original question, the "rich list" is IMO both XRP's greatest asset and liability. Ripple's stake in XRP will allow them and their partners to strategically grow the XRP Ledger. On the other hand, it could be argued Ripple and their executives are trying to replace one form of rent seeking behavior with another. Both of these could impact the overall success of XRP.
  10. Whether (a) the founders of Ripple created XRP and then gifted said XRP to the company or (b) XRP was created by the founders as employees of Ripple, it is different sides of the same coin. I have long considered Ripple's argument that the company did not create XRP a stretch to say the least.
  11. I think most (objective) people who are in XRP recognize the significant possibility of it going to zero. I know I do which is why I did not exclude the quote when I referenced the paper. I have always viewed my investment in XRP as a long term bet. It may be a smart bet, but it is a bet nonetheless. I have long considered my odds of winning no greater than 40%. If (and that is a big if) regulation and usage pan out, the potential upside in XRP is massive. I think there are many others who hold similiar viewpoints but do not express them as they will get relentlessly drawn into debates.
  12. Robert Mitchnick (Ripple Intern) and Susan Athey (Ripple Board of Directors) tried to sort of answer this question. https://medium.com/@robbiemitchnick/a-fundamental-valuation-framework-for-cryptoassets-e101f1206901
  13. Many such as Amun (http://www.amun.com/en/index/) use the "2050 Market Cap" which takes into account the entire supply of an asset. OnChainFX is one website that offers 2050 Market Cap data for the entire market (not just XRP). https://messari.io/onchainfx/
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