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Everything posted by Sebastian

  1. An important point to keep in mind is when you use their app, you are not buying Libra. The cryptocurrency is only on the back end. Both the consumer and merchant only deal in fiat. People will have absolutely no idea they are going from USD to Libra to MXN. And even if they did, they probably will not care. If a person needed to send money every week to Mexico, they will be able to do that using either Facebook, Instagram, WhatsApp, or the yet to be developed standalone app. Also, Facebook has over $40 billion cash on hand: https://www.nasdaq.com/symbol/fb/financials?query=balance-sheet. Cross border payments are not a zero sum game, but Facebook definitely changes the market dynamics. And if they are successful, I suspect other large and established tech companies may enter the fray.
  2. Based on your reaction to my comment, I assume the "dumb" part is directed towards me? To be honest, this is why I and many others rarely post any type of critical analysis of Ripple and/or XRP. Ad hominem attacks and conspiracy theories are not valid arguments.
  3. It is going to be pegged, offered in multiple currencies, and will be accepted in hundreds of millions of places. In addition, it will be made available through a stand alone app. In my opinion, Facebook's project has the potential to greatly reduce the consumer use case for multiple projects including XRP, XLM, NANO, etc. If Facebook's product is cheaper and easier to use than the current financial system, consumers are likely going to use it. Businesses will also accept it as credit and debit card fees eat away at their bottom line. Also, Facebook and other companies are working on bringing free internet to certain parts of the world: https://info.internet.org/en/story/platform/. https://www.coindesk.com/facebook-launches-subsidiary-to-support-new-libra-crypto
  4. I am sorry, but I have to post this. I usually don't troll in the forum, but @MemberBerry's Tweet from a month ago is too hard to pass up. In all seriousness, it will be exciting to see how the partial Moneygram/Ripple tieup plays out.
  5. I am envious. But congrats. I looked into during the ICO but obviously did not buy.
  6. The team is, in many respects, the exact opposite of many other project teams. They do minimal interviews, do not comment on the price, and there are definitely no announcements of announcements. They keep their heads down and are simply trying to build a world class product that a lot companies are interested in using.
  7. It will be interesting to see how this plays out. https://www.coindesk.com/bitcoin-price-eyes-chart-pattern-that-kicked-off-bull-market-in-2015
  8. XRP Chat can definitely be an echo chamber, but there have been some good critical discussions over the past couple of years. They just probably do not happen as often as they should. Those who tend to post the most are permabulls.
  9. https://www.businesswire.com/news/home/20190611005269/en/Provider-Solutions-Global-Payments-Silicon-Valley-Officially
  10. The following is most likely dependent on BTC rebounding, but below is what the TA guy at Cointelegraph thinks on where XRP could be heading. Source: https://cointelegraph.com/news/top-5-crypto-performers-atom-ltc-bsv-bnb-xrp Edit: I am not a trader. I just like to read TA opinions.
  11. I agree. It is curious. Let's see how this plays out. They could just be trying to drive traffic to their site to increase ad revenue. To be honest, this is one of the reasons why I think major banks have been hesitant to embrace Ripple or XRP. If the value of XRP were to ever hit $10+, they would suddenly find themselves a potential acquisition target.
  12. Coindesk rarely offers TA commentary on anything other than BTC. Take this for what it is: a guess (not a certainty) on where the price may be going. https://www.coindesk.com/golden-crossover-xrp-heads-for-bullish-chart-pattern-as-price-climbs-27
  13. I think it is important to point out this document was published in 2016: https://web.archive.org/web/20160107022348/https://www.tasgroup.eu/solutions/payment-networks/interbank-payment-networks/network-gateway-en. Things could have changed since then.
  14. @Eric123, I just wanted to post this to say thanks for this great thread! The only TA content I read on a regular basis is Coindesk's (https://www.coindesk.com/author/ogodbole), Cointelegraph's (https://cointelegraph.com/authors/rakesh_upadhyay), and yours.
  15. Articles such as these should probably be posted in https://www.xrpchat.com/forum/109-other-press/. Perhaps a moderator can provide clarity.
  16. Sebastian

    Zerpening Club

    The Zerpening club is a private club and only has 844 members. There are over 20,000 members on the site. Visitors of XRP Chat and XRP Chat members, who are not part of the club, cannot view the content of the Zerpening club. As @karlos pointed out, there is place to discuss your concerns. It is not in the general forum.
  17. I don't think the $10 million cited in the link above (https://ripple.com/files/xrp_cost_model_paper.pdf) is paid directly to Ripple. This cost is the estimated total cost to implement the software. While this would include any license fees paid to Ripple, I would expect the majority of this $10 million to be salaries for employees' and/or consultants' time for the supporting the actual implementation.
  18. Bloomberg, who often times writes anti-crypto pieces, discussed something similar in an article today. I actually enjoy reading their articles because their journalists (and there appear to be several) come across so bitter at times it is comical. https://www.bloomberg.com/opinion/articles/2019-05-13/bitcoin-s-bulls-are-revving-up-the-lamborghinis-again
  19. https://www.coindesk.com/exchange-traded-notes-for-xrp-litecoin-launch-on-boerse-stuttgart
  20. This quote is under the Japan section of the report; not the US section.
  21. As a political junkie, I am following the Democratic primary closely. Not sure of Buttigieg's chances in either the primary or general election (if he wins the nomination), but it is remarkable how many languages he can speak. Obviously, he is probably an outlier among Americans.
  22. Ripple claimed they were cash flow positive in a Bloomberg Terminal article (which I do not have access to. But I too remember a discussion on XRP Chat after another story or interview in which Ripple said they would not be cash flow positive without XRP. However, I cannot find the thread on XRP Chat. It is possible Ripple is by now cash flow positive without XRP sales and they are using the proceeds to acquire or invest in other companies to expand the ecosystem. Unfortunately, we will probably never know as Ripple would likely only disclose the details if they were to IPO which may not happen for a long time.
  23. Several months ago, the CEO of TransferWise gave an interview to Forbes. Also, TransferWise markets to both businesses and consumers. https://www.xrpchat.com/topic/29023-transferwise-wont-buy-into-blockchain-until-more-banks-use-ripple/
  24. 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
  25. 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/
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