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About WuWei

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  1. It's one thing to identify a technology, a product, or a service even, that has success written all over it. It's another to not get overly excited and jump in either too early or especially, too deep. Only if you can weather a long storm of uncertainty, with no financial duress influencing your outlook, do you really have a good chance of knocking it out of the park with an investment. It's written all over most of the major success stories, that they've had periods of huge price retracements, before eventually going on to incredible appreciations. It's sad to see people get shaken out of good projects, before their roots have had a chance to take hold.
  2. I don't know the specifics of how Xsongs' platform is supposed to work, but I disagree that this general concept is "...unsuitable to be used for micropayments for content." How on earth you reached that conclusion is beyond me. Or that 1500 transactions per sec would be a "limitation" in this scenario? I'm no techie, but even I can envision an "artists exchange/gallery" whereby each artist has an account and a place to store and sell their content. XRP micropayments could go directly into the artists accounts upon a purchase, and a small percentage would automatically be transferred to the exchange in order to cover taxes, expenses, etc. It's kinda like an art gallery/bank/online store all rolled into one - sounds pretty easy to me.
  3. I love the content, however, I'm left wondering who put all this together? Where did you dig this up? It is lengthy, but it's a great overview of just how wide the scope is for the utility of Ripple's products. Once again, despite much of this involvement; at least initially; being reserved for Ripple's software suite, the implications for xrp's future utility are almost mind-boggling.
  4. I for one, enjoy the info within the graphics. The links at the bottom of the page show similar info for multiple other corridors as well, and it's an interesting thing to look at. A lot is currently going on and I expect that the momentum is going to continue increasing at even a faster pace.
  5. This reminds me of a favorite quote: "When you are dead, you don't know that you are dead. It is difficult only for the others. It is the same when you are stupid."
  6. This article certainly implies the use of xrp but it doesn't clearly state that. The reference to bitcoin being inefficient, and then the reference to Ripple helping them to settle in 4 seconds, has xrp written all over it, but again, not specifically described as such. Either way, all of these alliances that Ripple is making is setting the stage for a potentially massive roll-out of xrp usage in the near future.
  7. After reading this it looks pretty good to me: "Tomoyuki Nii (the Executive Officer for Overseas Investment at SBI Investment) will be joining Elliptic’s board of directors, and said that the Japanese company contributed 10 million dollars to the funding round. Nii admitted that XRP already has a “hardcore of fans” in Japan and said the goal of SBI is to see XRP showcased as the global cryptocurrency at the 2020 Tokyo Summer Olympics, further adding. “At the Tokyo Olympics, a lot of people will come to Japan. They will be shopping and travelling around and they will be able to use XRP in a secure way, protected by a platform like Elliptic…"
  8. I agree that xrp not being a stock, makes it a much more risky "investment." However, it's clearly in Ripple's best interest to make xrp a success all on its own, despite how well their software suite and infrastructure does. I think that this is what is being reflected in the price, and as such, it's going to take a demonstration of the utility of xrp in these corridors that are only now beginning to open up, in order to generate the speculation necessary to impact the price. Of course, xrp could ride the waves up if bitcoin and the others should once again take off, and that wouldn't necessarily be a bad thing since the extra liquidity will really help increase xrp utility, and therefore its adoption.
  9. No, not exactly, however, I first got into Apple even before Microsoft had come out with Windows: way back in the 80's, I believe. I saw clearly how the graphical user interface was the way of the future, and not the much more widespread, and "popular," but terribly clunky, DOS. This was before Apple later became successful and went on to split like a million times. I remember initially loading up at under $16 a share. (historical charts now recalculate that $16, due to all the subsequent splits, as being valued somewhere in the .25ct price range) I thought that I was doing great and started selling when it started breaking out of the $30's. My overall point being, there are companies such as Ripple, whose products are so potentially transformational, that investing in them early, and weathering the inevitable doubt that follows, has the potential for life-changing rewards: it just takes extreme patience and resolve. It's still ultimately gambling, but at least it's a game where doing your homework can greatly influence the odds. And I fully agree that Ripple's grandiose objectives, and therefore the potential, is much greater than even Apple & Netflix combined - to the point where it actually defies comprehension at such and early stage of the game.
  10. I wonder if this is what DS was referring to when he spoke of businesses coming into play when they execute their purchase orders for American parts/supplies/goods, and effectively acting like market makers. It sounded to me as if this was an unexpected, and formerly not anticipated means for the rebalancing necessary for smooth operation of the MXN-USD corridor. Maybe someone else can recall this and enlighten me, as I don't understand a bunch of the mechanics behind how this all works - especially since it's in such an early stage.
  11. The following is from this article and I think that it says it all: (the bold is mine) "Over time, more central banks could join, and a multilateral institution, such as the IMF, take over management of the eSDR. Alternatively, the technology could be applied in different regions, with another currency basket as the reference point. However, private sector-issued eSDRs may hold more promise for faster implementation of a global solution for cheaper, quicker and more transparent cross-border payments. An eSDR-based payment network would enable financial service providers to offer efficient, transparent and inexpensive cross-border payment services even for low-value and high-volume use cases. Settlement times and costs should fall substantially, and improved compliance should enhance financial integrity."
  12. Wowwww, very exciting times these are. Four more corridors by the years end, according to MoneyGram at SWELL. (or three more if this was one of those) I've been fortunate to have watched, and to have "participated" in, Apple, Netflix, Digene, Luna, and Sirius/XM as they all began their "crawl, walk, run" journeys. (like an impatient dummy, I impulsively cashed out way too soon on most of these!) This by far, has been the most exciting of the bunch, and I predict that it will one day be the most revolutionary as well. That being said, however, topping what the impact of Apple's combination of supercomputer/cell phone has done, will take some time - but I predict that it's inevitable.... For the "youngsters" out there: and YES, this is investment "advice;" might I suggest you put a "little" aside and absolutely don't touch it for TEN full years. Had I done that with any of the above mentioned companies, I could've retired in my 40's. (vs my 50's now) And as for health advice, start now with getting into decent shape, as it's gonna be no fun having all the time in the world to do whatever you please; and hopefully the money; when you find yourself trapped in a body that's in terrible shape. An acquaintance of mine was a retired hedge fund manager, who went on to be a personal financial consultant to clients whose portfolios were growing rapidly, and who sought his advice. The first thing that he would do, would be to strongly "suggest" that they purchase a treadmill to use regularly in their homes, in addition to a gym membership. He told me that he would later follow-up to see if they had acted on his advice, and if they hadn't, he would decline to accept them as new clients. He related to me that if they weren't seriously invested in their own health, then why should he invest in their financial wealth. Start working out everyone; by hiking, biking; whatever; the time is now to get in decent shape for 'surfing' the waves that are coming....
  13. While it's true that the dam really hasn't broken to the point where bank and FI loading up of xrp isn't on the scale that everyone's anticipating, I believe the answer to how this all plays out, is hidden right before our eyes. Regulatory clarity is going to have to be ironed out before the dam breaks, but I feel as if the writing's already on the walls about what's about to happen. Ripple couldn't have been selling xrp in the hundreds of millions of dollars worth of value if whomever these institutional sales are going to, didn't see a promising future in all of this. It's simply a matter of the massive amount of xrp that was initially coined and then later released via the escrow accounts, that has hidden or if you prefer, "dampened" the visibility of institutional interest in the future of xrp. It's as if everyone's so intent on staring at the incredible pool of liquidity that's building up behind the dam, that no one's really grasping the significance of the huge amount that's already gushing out of the spillways. Think about it, Ripple actually voluntarily scaled back on their institutional sales, which again, were in the hundreds of millions of dollars! Not tens of millions, but hundreds of millions of dollars in institutional, and programmatic sales, and this is all before regulatory clarity.
  14. I think that you pretty much nailed it. It gonna take regulatory clarity, whether or not that soon occurs here, or if starts somewhere like in Japan. Once a decent "map" is sketched out, I believe that banks, businesses, and institutions in other countries, will quickly follow suit and begin building their own pools of xrp liquidity. With the huge amount of xrp created, the corresponding sizes of the liquidity pools attainable is almost unimaginable and the scale of how valuable xrp may one day become in brokering unimaginable amounts of transactions. The IoV is coming, and I believe that it's potential scope is actually hard to grasp. I feel as if it's going to make watching this all rolling out over the next ten years or so, an extraordinary journey.
  15. The good news that I read into it, is that even though they're trying to push adoption of their solo coins, I believe that xrp will be the heavy lifter until, or even if, they're able to get solo liquidity (& trust) up to a sufficient level where it will actually be utilized to any significant extent. It's as if they know that they've gotta ride on the coattails of xrp to even have a chance to get their coin up and running. This ultimately may prove to be another positive development for xrp as the solo coin might never see any significant adoption, while xrp enjoys hauling some more traffic on the network. We'll see....but yes, a lotta hype by Coinfield.
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