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About mike91

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  1. In worst case scenario they legally continue selling and nothing more. No succesful projects, no communication, nothing. That's the other extreme side of the coin and probably sounds like a terrible idea too, isn't it? It's totally legal. That's my point. Both extremes are legal (I think) but there simply is an informal dynamic between the market and Ripple (in my opinion). Being part of the market I have to trust their goals keep aligned with me. The sales when the market is -90%, no legal limits and in my opinion perceived lack of communication gives me some doubt at this moment. Tomorrow I'm probably excited again about w3c web payments, coil, xpring, interledger, mojaloop, talk with 40+ central banks, 200+ ripplenet customers, the things they say and how it's aligned with the market etc.
  2. Of course they may sell as much as they want and keep the money. Just as community may hardfork xrp ledger to exclude Ripple wallets. Formally it's probably all ok but informally there are some dynamics in my opinion. I'll probably soon regret this post as I know Ripple did/does great things but emotionally, to be honest, I don't like 100m's of quarterly sales in a row when the price is about -90%, not even knowing which data they use for the programmatic sales (CMC?), after being hit by founder wallets, OTC sales and XRP donations paid in USD by the community. I hope they have smart market analysts who know what they are doing or perhaps some cat in the bag, but the lack of communication (perhaps for a good reason I don't know about) combined with such sales and having a bad day annoys me a bit.
  3. To clarify, this has nothing to do with XRP being a security or not. The way they offer it (certificates) makes anything a security as far as I understand. They also have btc based securities: In October 2015 Bitcoin Tracker Euro became the second bitcoin-based security available on a regulated exchange
  4. At XBT Provider - our mission is to democratize access to digital assets for investors of all types. [..] We look forward to continuing to bring investors more access to investments which currently may be out of their reach. In 2019, XRP Tracker Euro / One became the first XRP-based security available on a regulated exchange in the EU when it listed on NGM in Stockholm. The certificates are non-equity linked securities traded in the same manner as any share or instrument listed on Nasdaq exchange in Stockholm. XBT Provider's prospectus is approved by the Swedish FSA (Finansinspektionen). https://xbtprovider.com/ https://xbtprovider.com/products/xrp-tracker-one https://xbtprovider.com/products/xrp-tracker-euro Final Terms dated 05 April 2019 under the issuance programme of XBT PROVIDER AB (publ) Found only 1 mention about XBT Provider here so I think it's worth a topic
  5. DeCurret aims to become “a major financial servicer for digital currency” that sets standard for secured and convenient digital currency transaction. As a registered service provider, DeCurret will launch spot trading services from Tuesday, April 16, 2019 in Japan. It will start trading with BTC, BCH, LTC and XRP. Shareholders: Internet Initiative Japan Inc., ITOCHU Corporation, QTnet, Inc., K-Opticom Corporation, Sompo Holdings, Inc., The Dai-ichi Life Insurance Company, Limited, Daiwa Securities Group Inc., Tokio Marine & Nichido Fire Insurance Co., Ltd., Nippon Life Insurance Company, Nomura Holdings, Inc., East Japan Railway Company, BIC CAMERA INC., Mitsui Sumitomo Insurance Company, Limited, Sumitomo Mitsui Banking Corporation, Mitsui Fudosan Co., Ltd., MUFG Bank, Ltd., YAMATO HOLDINGS CO., LTD., ITOCHU Techno-Solutions Corporationand DENTSU INC. https://www.iij.ad.jp/en/news/pressrelease/2019/pdf/DeCurret_E.pdf Capital 25 jan 2018: JPY5.23 billion (including capital reserve) (about 46.85 million usd) https://www.iij.ad.jp/en/news/pressrelease/2018/0125.html https://www.decurret.com/
  6. XRP on XRP Ledger is fully neutral, everyone can use it. Just generate a secret key and deposit XRP to the address that is derived from the key. The public address is what people see as 'an account' on XRP Ledger. Putting everyone at equal level is a nice thing, you only have to trust the sourcecode which specifies the same rules for all participants. This allows financial inclusion for anyone with internet access imo. The only hurdle is to actually get some XRP which is often done through exchanges which may be restricted by local laws (often for a good reason like anti moneylaundering / know your customer stuff). Once you have XRP you can use it whenever you want, no restrictions
  7. The official Tencent.com site also points to tencentcloud.io at this page: https://intl.cloud.tencent.com/document/product/301/17345 It's a bit weird though (calling it 'Ripple currency' and pointing an oracletimes article). Tencent Cloud does support Interledger (source) and they do offer 'blockchain-as-a-service' (mentioned at several places). Edit: Seems the whole blog is removed now
  8. The Netherlands Source doc, released today: https://www.dnb.nl/binaries/Crypto_tcm46-381603.pdf?2019011817 Dutch news article: https://www.emerce.nl/nieuws/afm-dnb-pleiten-cryptoregulering-internationaal-niveau
  9. Seems like someone got your private key and stole it. I hope you are not financially hurt too much. Now I wonder how this was possible. Did you save the key / 24 word passphrase on your computer? The Simplify xrp wallet seems from to be made by caramba-apps.com but I can't find it back on their website. If you really want to investigate you might want to ask the developer of the app what he thinks about this.
  10. Yes, withdraw limit previously was 20 XRP per month. I read something about the creator of xrptipbot (Wietse) had talks with bank (or some other instance) and they said changing the withdrawal limit was ok. Can't find it back at the moment, so can't point to source.
  11. 1 It may be changed in future by fee voting. See https://developers.ripple.com/fee-voting.html (account_reserve) 2 Tipbot has max of 5 XRP per tip. You can send more tips Withdrawal limit is 1000 XRP per month. See https://www.xrptipbot.com/about
  12. So you have a 24 word passphrase and the address of your account (rsbGAp8MhKaftdM8LGL4mSGmh9Hp2u3vXZ)? You really have to figure out what wallet you used to generate the private key & public address. Ledger Nano S? Some (shady) online paper wallet generator? A (shady) android app? Are you sure the 24 word passphrase belongs to that address? Does any app detect your passphrase as valid? If so, which public address it belongs to? If you use the bip39 tool I think (not sure) you only have to check the top generated address/key (not the 1999 others). So maybe try again and see if the top result is valid. Important: did you try all derivation paths? You have to try it for every BIP32, BIP44, BIP49, BIP84, BIP141. In future always test a new wallet with a small amount and see if you are able to transfer back (to check validity of the key).
  13. Assuming no extreme things happen (law changes / hacks / big whale dumps etc) and there is a genuine market, in my opinion 25c is bottom (I don't count 1 hour candles that maybe touch 23c during high volatility events), around 30c is a good entry. I do have reasons for that incl TA, comparison with other bubbles, global context things that are happening but currently don't want to write an essay about that. And nothing is certain so keep that in mind. There are many people who bought higher than you and wait. I personally would not worry about your entry price if you can miss the money for a while. If you wait several years and XRP ecosystem works out well I think there are good chances of seeing profits. When buying things that have volatile price always use money you can afford to lose / don't have to think about Note: I'm biased and not an expert. My expectations might be complete crap.
  14. Zoom in on the whiteboard in this picture (at Ripple.com). Icici (among whats seems to be amex, yes and ifx or something). Of course a bit speculative but still interesting.
  15. People who immediately say "no, that's crazy" are just as crazy as people who do crazy predictions imo, or perhaps never took the time to investigate themselves. There are significant ties to be found the more you investigate about Ripple including (indirect / direct / speculative) ties to key players in the financial world. There also are possibilities of major near term economic problems where digital currencies may get more attention for various reasons. Current problems are for example shadowbanking with no overview of lending by banks, complex regional regulations, high stock market possibly run on margin buying, high national debts, dependence on fiat like USD, little market competition (hi swift) and some more stuff. Decentralisation of payments, financial inclusion, less complexity, open banking, blurring fintech lines with more focus on innovation and optimalisation of services and keeping the customers happy, maintaining overview of value being moved around, open market competition, near instant and secure settlement are current topics afaik. I don't know if XRP may be 'the one' (I think it will be part of a global interconnected network) but saying XRP goes to 3 dollar in a month, when it was less than 20 cent, was also crazy. It's like I now say we go past ATH within a month. Or saying the stocks will crash this year -60% with major global crisis. Or perhaps as crazy as some of the things Rachal says. There *are* global economic issues, Ripple has the connections, the tech, the money. Don't forget they talk with tens of central banks for example. This is uncharted territory so we will see how it evolves. I do see possibilities for surprises so immediately shutting the door and saying it's unicorn talk is something I personally don't agree. Edit: Note that I don't necessarily agree with Rachel. My point is that people sometimes immediately say "crazy" and shut down the conversation, when I do believe suprising things are possible
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