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Everything posted by Sebastian

  1. IBM also seems to be taking a different approach to generating revenue for the project. https://www.coindesk.com/ibm-signs-6-banks-to-issue-stablecoins-and-use-stellars-xlm-cryptocurrency
  2. I think there is a big difference though admittedly I am not familiar with how much work these other projects have done. When Xpring was announced, Ripple stated it was created so that other entities could actively pursue worthwhile use cases for XRP that Ripple did not have the resources to pursue. Below are some interesting quotes from some articles I read about Forte and Ripple. https://venturebeat.com/2019/03/12/forte-and-ripple-form-100-million-fund-for-mainstream-blockchain-games/ https://venturebeat.com/2019/02/26/kevin-chou-bets-big-that-blockchain-will-revolutionize-game-economics/
  3. Wow, Ripple is aggressively pursuing this use case. I know other cyrpto projects are as well. I also like the project is going to incorporate ILP, which should make it currency agnostic, as well as Codius.
  4. Amazing timing. 300% in 5 days and he got back in at 28 cents.
  5. I am going entirely off of memory because I could not find the posts. The person who bought 1 million XRP claimed to have established their position around 20 cents and did not expect it to take off like it did toward the end of 2017. They claimed to have sold between 70 and 80 cents, about a month later, knowing full well they could be leaving lot of money on the table. They did not think holding longer was worth the risk as they had made $500k in about a month and were independently wealthy before the run up. They posted their announcement of the sale during the bull run. It was posted well before XRP hit $1.
  6. Sebastian

    Hi! I'm Bob

    Thanks for sharing your vast knowledge of Ripple and XRP. I am going to attempt to return the favor. I wish you the best in your health journey. If you have not already, I would recommend checking out Virta Health. They use the ketogenic diet (high fat, low carb) with their patients to reverse prediabetes and type 2 diabetes. The diet is tailored to each specific patient as everyone has different carbohydrate tolerances and dietary preferences. They have had some pretty good results. Virta goes around to various Fortune 500 companies, such as the one I work for, and tell them half of their employees and employees' family members are either prediabetic or diabetic (which is true in America) which costs millions of dollars per year in complications, prescriptions, etc. For a fixed fee Virta medical doctors, nurses, and nutritionists than work with the employees and/or their family members to transition them to a ketogenic diet with the end goal of reducing or reversing their diabetes which can save the company millions. I have severe peripheral neuropathy from an adverse prescription drug reaction many years ago, and have found the ketogenic diet very beneficial. I consume around 75 grams of carbohydrates per day. Regardless of culture, most diets consume at least 150 grams of carbohydrates per day. If I were to regularly consume anywhere near that, in the long run I would likely face some sort of amputation similar to @CaptainHook's brother (not to mention nonstop burning pain in my extremities). Unfortunately, I do not qualify for the Virta program through my employer and am unwilling to pay the $6,000 annual membership fee. However, they have a lot of good online resources on their blog and YouTube channel. Most of what they discuss I already knew as I have been on a ketogenic diet for years and have read extensively on the benefits and risks but Virta has brought it all together and explained it in an easy to understand manner. https://www.virtahealth.com/ https://blog.virtahealth.com/ https://www.youtube.com/channel/UCbkeZcRugU8bUcOKwBIHjsg In addition to prediabetes and diabetes, the ketogenic diet has been clinically proven to treat epilepsy and it is being investigated for a wide range of additional health issues including cognitive (dementia, Alzheimer, traumatic brain injuries, etc.), cancer, and others. However, the diet should only be used under the care of knowledgeable and licensed medical professionals as certain lab work should be performed on a regular basis. In addition, blood glucose and ketones should be monitored daily. This is because there can be serous complications to the diet. I could easily write a post many times longer than this, but I am going to end it here as I do not want to derail this thread.
  7. ESG reporting has become a hot topic that is increasingly important to the market. Companies who perform well on material sustainability issues enjoy higher rates of return. Personally, I do not see Kroger or any major company implementing the BTC lightening network for domestic payments. I could see them perhaps exploring a service that offers a wide variety of cryptocurrency payment options, including BTC, but I suspect the demand for such payment options from their customers is next to non-existent. Most would probably prefer to be able to use their Visa instead.
  8. It will be interesting to see if companies, such as Kroger, seriously pursue cryptocurrency solutions for domestic payments. However, often times these disputes end up being eventually settled. Even if Kroger were to pursue a cryptocurrency solution, I highly doubt they would use Bitcoin or any other energy intensive cryptocurrency. The company, like an increasing number of companies, is very serious about their sustainability efforts: http://sustainability.kroger.com/.
  9. @MegaNerd, I think the following is likely true. Most people whose dollar cost average is (1) significantly higher price than today's price or (2) lower price than today's price, but did not sell during the bull run, will not be selling anytime soon unless there is a significant price increase. In hindsight, many of us wish we had sold a much larger percentage of our holdings in December 17/January 18. But if we did not sell then, we are not going to sell now unless we absolutely need the money. Selling now makes little sense. As a result, we are likely to remain range bound for the foreseeable future which means people are accumulating. I do not find much use for technical analysis as I do not trade. But I do enjoy reading posts that contain technical analysis: both the positive predicting $10 and the negative predicting $0.005. And I think general concepts like those @automatic have discussed are applicable. Today's price is a result of the buying and selling activity, over the past many months, of millions of people around the world.
  10. Some do not view the Coinbase listing as a significant development, but Coinbase is arguably the most trusted exchange in the United States and perhaps even the world. Also, their UI is better than Binance, Bitstamp, Kraken, and Polinex. Coinbase accepts a wide variety of payment methods including debit card (from both the EU and US), ACH, PayPal, and wire. Lastly, according to the Blockchain Transparency Institute, Coinbase is the fifth largest exchange in the world as many exchanges engage in wash trading. https://www.blockchaintransparency.org/december-2018-rankings Edit: The liquidity available on Coinbase is pretty remarkable. For users who are Level 2 verified, you can buy/sell up to $25,000 per day using ACH or PayPal. However, it is possible to buy/sell up to $250,000 per day via wire transfer. Both amounts, in my opinion, are crazy but obviously they must have customers with that type of money. Level 3 verification allows you to send and receive cryptocurrencies.
  11. @LeoiZuria, it is probably best for @Stedas to address your post.
  12. I am not sure if they approached him or he approached them, but I would be surprised if there was any type of payment. Having him write a blog post for Ripple was probably beneficial for both parties. I found the topic of his post interesting too. Ripple has been a vocal critic of stable coins.
  13. Thomas Lee recently wrote a Ripple Insight on stable coins. https://ripple.com/insights/stablecoins-a-lesson-in-market-predictions/
  14. Turns out, there was an issue with Coinbase Pro. After contacting support, XRP is now showing up in my account as an option.
  15. It looks like things are progressing. Limit orders have started between XRP and USD, EUR, and BTC. Market orders have not. https://status.pro.coinbase.com/incidents/sxqndxp6blgd?utm_source=slack
  16. Has anyone else tried to deposit any XRP into their Coinbase Pro account? It is not showing up on my Coinbase Pro account. I am based in the US but not in NY. I opened a ticket with Coinbase support but have not yet heard back.
  17. Coinbase Pro has virtually no fees and you can place limit orders. The regular Coinbase charges something like 2-3% for each buy and sell transaction and all orders are at market. I have both types of accounts. My limit on the regular Coinbase is much higher than Coinbase Pro but I prefer Coinbase Pro.
  18. Finally. Now we will see what effect, if any, this will have on the long term price. IMO, this is a prelude to it being listed on the regular version of Coinbase (the one I no longer use due to the ridiculous fees) which would give XRP even more exposure and liquidity.
  19. As others mentioned if you are an accredited investor (a net worth of over $1 million or make over $200k per year), you can invest directly in Ripple through SharesPost. If you are not an accredited investor, you can invest indirectly in Ripple through the "SharePosts 100 Fund": https://sharespost.com/marketplace/individual-investors/buying-private-assets/sharespost-100-fund/portfolio/. This fund is weighted. For example, Circle Financial (arguably one of Ripple's, the company, better competitors) has the second highest weight. Ripple is listed 38th. Circle Financial is valued at $3 billion. Ripple is valued at $400 million though Ripple has raised quite a bit less than Circle Financial due to their XRP sales.
  20. 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.
  21. 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.
  22. 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.
  23. The post is a year old, but it is a good read and is likely still accurate.
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