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  1. Here's the thing that strikes me about the potential for a sky-high price for xrp. It's not nearly as simple as saying that the total value of xrp is equivalent to some lofty "more than all the value of xyz companies, or some asset class." This is a whole new dimension, in that this deals directly with the transfer of value. The "market cap" of xrp doesn't represent the total value of a company, but more significantly, it represents the carrying capacity of a cryptographic "tool." A cryptographic asset that was specifically designed to enable the nearly instantaneous transfer of money and value, world-wide! This is an entirely new paradigm, and as such, if xrp truly becomes the major player at the core of the IoV, then $10K might one day not only be quite "reasonable," but it could actually be on the low side necessary to handle this task. It's the sum total of all the world-wide VALUE that chooses to use xrp as a means of transfer, that will ultimately determine it's price. And for those that like to say that it'll never happen due to the amount held back in escrow, I believe that it's prudent use by Ripple to further develop the network, to expand its use cases, to expand liquidity, and to promote philanthropy, will, over time prove to be a brilliant move that will ultimately help their idea come to fruition. I'm not saying that Ripple will necessarily become the world-wide standard for moving value, but much like their analogy with the cargo container revolution of the shipping industry, if they succeed, it's gong to revolutionize the financial industry in ways that we've yet to imagine. As always.....we'll see.
  2. Although the SEC hasn't ruled specifically on xrp, I believe that their recent statements have actually given the 'green light' for it's adoption and widespread use. Several of Hinman's statements appear to apply directly to the situation with Ripple and xrp. "When the tokens are not being sold as investment contracts, however, they are not securities at all. Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities...' "...a token sold in a securities offering might later be sold in a transaction that does not constitute a securities offering.[14] Once “a network becomes truly decentralized, the ability to identify an issuer or promoter to make the requisite disclosure becomes less meaningful” and offers and sales of tokens are no longer subject to the securities laws.[15] Although I'm sure Kitao would've preferred a direct, public ruling on Ripple and xrp, I'm thinking that these recent SEC statements were intended to get the ball rolling without having to directly address literally thousands of different coins. The SEC even goes so far as to offer to clarify this issue on an individual basis with this: "There is also a standing offer for people to come in for so-called no-action relief in connection with a particular token or project. The applicant for no-action relief lays out the parameters of what it is trying to do, and the SEC staff can respond by saying that it would not recommend an enforcement action to the Commission based on the parameters set forth in the request for relief" As crucial as this issue is, it would be hard for me to imagine that Ripple hasn't already held meetings with the SEC's regulatory staff to get their guidance. Sounds to me like the SEC is saying, get your network up and running in a decentralized manner and then make sure not to imply that the sale of xrp is for anything other than use in "...a functioning network," and xrp will be exempt from being considered a security.
  3. Wow! What an interesting read. Kitao not only appears to be well informed and experienced in the world of finance, but he apparently dares to have some ethics in his focus and in his actions. This speaks very well for the future of Corda and xrp. Concerning the sloth-like pace of the SEC, it's a bit frustrating to read that he feels it may be another year or so before the U.S. clarifies the situation with appropriate regulation, however, it's clear that SBI and the newly formed company based on MoneyTap isn't going to sit idly by and wait - the world is an open market and will lead the way. Again, "Thanks" for posting this: I'm going to re-read this again on occasion as I think it speaks to a lot of the questions we've been having about the pace of the adoption of xrp. Exciting stuff to see Kitao so fervently behind the success of MoneyTap and xrp.
  4. Slowly but surely, the crawl has turned into a walk, and it's looking as if we're about to break out into a sprint at any time now....
  5. WuWei

    XRP Use Cases (infographic)

    Under "Companies" I think you meant to say "there are" vs "there is" Love the work that you put into this - Thanks!
  6. It falls in line with the recent post about Ripple's offering of million dollar bonuses in order to recruit top tech talent. If his main objective was in breaking through the SEC's regulatory 'log-jam' then this could easily be a milestone bonus, which would also explain why he's no longer needed. Who really knows, but the "hopium" in me would love to think so.
  7. Could this be in regards to Cory Johnson? If so, my "hopium" is such that maybe this is an agreed upon bonus for him having achieved some significant milestone - who knows?
  8. Wow, your auto insurance example is yet another brilliant use-case example that I would've never even imagined. I think it's safe to say that so many more of these previously untenable use-cases will become apparent as this new paradigm becomes a reality.
  9. When xrp usage becomes more of the "norm" I predict that the worldwide, total value of international remittences will soar. This is truly a game-changer for the tens, or possibly even hundreds of millions of ex-pats who send a portion of their paychecks back to their families. It's really hard to predict the impact that this is going to have as we've got little to no means of accurately estimating the total amount of money NOT SENT due to the currently exorbitant fees being charged. When I attempt to step back and get a grasp of the big picture in terms of xrp's overall potential, I can't even wrap my head around it all there's so much: XSpring, Scooter Braun and the music industry, business cross border payments, FX markets, cross border remittances, online gaming, the University initiatives, etc, etc, etc,.....the possibilities are simply incredible. While many might characterize my gut feeling that xrp has a decent shot at breaking through even triple digit valuations in the next ten years as pure "hopium," I've gotta say that it's looking more and more "reasonable" every day. The momentum is building.....
  10. Several revealing quotes from the pages preceding the "New Company" transition diagram on pg#107. (I've read through these 153 pages for maybe the fourth or fifth time now - I'm super impressed at the both scope and the vision of SBI) By spinning the Money Tap application off into an entirely new company, whose services would be available to financial institutions outside of their own network, it appears to me as if SBI is seeking to position Money Tap as a new "standard." This would increase the reach and therefore the utility of their Money Tap app which would also do the same for xrp. "By providing Money Tap solutions to as many financial institutions as possible at a low cost, will dramatically improve customer benefits" "Through “Money Tap,” the Provision of an Environment that Allows Connected-Bank Users to Safely, Remotely and Comfortably Remit Money Between Individuals" "In order to further improve convenience, contemplating the addition of FX remittance function and the use of XRP at the time of implementation, with an inspection from various angles, including legal maintenance, etc (legal arrangements must be made)" "Money Tap: About Future Scalability UXs that do not require account opening and charging As it is directly connected to a bank account, there is no need to open a prepaid account or charge in advance like other services. (Available as long as you have a supported bank account) Other services may not accept withdrawal of charged electronic money, or may require a fee upon a withdrawal, but Money Tap does not require any such fee Transfer of existing banking transactions in addition to new demand • Can easily transfer money between one’s bank accounts, which has been done at ATMs up until now. Initiatives led by banks / electronic settlement agents High external safety and reliability, owing to the banks being the main players Business scalability owing to banking license, including payroll and foreign exchange transfers." Of significant note is something that I believe is going to be key to their success: both their extensive, in-house of security solutions and their alliance with those built into the R3 Corda platform. "KYC (Know Your Customer) services Establishing a “common customer base” where all personal information is managed as a whole, rather than just financial asset information (financial institution balances, statements, etc.) Leveraging R3’s Corda to design a high resistance to falsification For AML/CFT*, the ability to provide solutions at the FATF (Financial Action Task Force) level *Anti Money Laundering and Combating the Financing of Terrorism" Bottom Line: despite what may appear to be a painfully slow rollout of their adoption and use of xrp within Money Tap, SBI appears to have taken a comprehensive, "no stone left unturned" approach. I'm very optimistic that once they get rolling with the full-scale release of Money Tap, that it's got a great shot at becoming THE standard for financial institutions, both far and wide.
  11. WuWei

    SEC Securities Commisoner's statement

    Wow, thanks for sharing this other part - it sounds as if this securities issue is settled to me - game on xrp! "Director Hinman went on to explain, however, that because the token “all by itself is not a security, just as the orange groves in Howey were not,” a token sold in a securities offering might later be sold in a transaction that does not constitute a securities offering.[14] Once “a network becomes truly decentralized, the ability to identify an issuer or promoter to make the requisite disclosure becomes less meaningful” and offers and sales of tokens are no longer subject to the securities laws.[15]"
  12. I'm sure that the top banks, which benefit from the correspondent fees, are scrambling to do anything in their powers to stop Ripple from disrupting their cash cow. I'd imagine that the behind the scenes lobbying, the misinformation, FUDstering, and outright dirty tricks are a sight to see. (and a huge pita for Ripple to deal with) I've been impressed with how far Ripple has come so relatively fast. Their efforts to open these doors to what they've developed, is likely way beyond what any of us can really imagine. I'd have to agree, that it appears as if XRP will, through Corda-settler, become somewhat of a "backdoor" option for the banks connected to it. If xrp's liquidity increases sufficiently to begin to adequately carry the load, then it's "game on" and the momentum is going to ramp up very quickly.
  13. WuWei

    SEC Securities Commisoner's statement

    Perfect: "Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities."
  14. I just LOVE the last part of the FUD Evolves post: "....it's only a matter of time before some new tech comes along and knocks them out of their #1 spot....I mean hell, they did it to SWIFT right....?"
  15. The crazy thing is, that once it's dirt cheap to send payments of less than $1, a world-wide market of almost unimaginable size will surely spring up from this. If you take even "just" 25¢, and then multiply that by millions or even tens of millions, the potential for the creation of new business ideas is mind boggling. Imagine for example, a single mom somewhere in a third world country with several children. Through her village, she's able to gain internet access. She can now offer her hand woven, palm-frond origami characters, for 'only' 25¢ apiece, and receive payments via xrp. She and her children, and eventually, maybe even her entire village, now have a viable means to generate an economy that wasn't previously feasible. These "micro" transactions make for nearly endless possibilities. The fuse has been lit......