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Mpolnet

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About Mpolnet

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    Regular

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  • Gender
    Male
  • Interests
    XRP, Crypto Assets, DLT, Finance & Real Estate
  • Location
    United States
  • Occupation
    Analyst

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  1. What do you guys see as the price potential for LBA given the current use case and any potential upcoming use cases? What other use cases are in the pipeline that could drive value? Seems to me like the primary use case is earning a higher % interest by simply holding a specific number of LBA. This is comparable to staking in that it actually lowers the supply available for purchase, which could lead to price appreciation if a large wave of buying demand comes in. However, what are the chances of this happening and is there any other demand for buying LBA aside from earning a higher interest %? Just trying to better understand the value proposition of LBA and what could potentially impact it's price. @Mitty @cmbartley @Zedy44 @zerpdigger
  2. Thanks for posting. Took at quick peak at Azimo and looks like they deal with remittances to more exotic corridors (such as Nigeria and Bangladesh). Either way, the more firms ramping up use of XRP the better.
  3. Those additions would be great and thanks again for putting this together. Is it possible to also add all (on-chain) XRP payment volume? Or, if it's possible to add a daily NVT ratio that would be great for tracking usage vs network value. If there's a way to identify XRP payment volume that's sent through Coil specifically that would be helpful.
  4. https://cointelegraph.com/news/survey-40-of-millennials-look-to-crypto-in-the-event-of-recession
  5. https://medium.com/coinshares/crypto-commodities-the-arc-seems-to-rhyme-more-everyday-2a6cb45a6e2a Interesting article that examines that relationship between commodities and crypto from a former commodities trader. Rather interesting point (highlighted below) regarding demand for the underlying asset and how it potentially relates to xRapid/XRP use in general. Hopefully, in the coming years we'll have futures, options, and derivatives around XRP but I think that's at least a couple years out. "Demand in the form of increased utility for digital assets beyond financial speculation —* as we’ll highlight later, institutional interest, while increasing in our experience, is untethered from demand for the underlying"
  6. Thanks for sharing! The Emerging Industry sessions sounds interesting. Didn't Catalyst Corporation Federal Credit Union (i.e. a consortium of credit unions) announce they were planning to use/or were looking into using xRapid for payments? I believe this was discussed at last years Swell conference - link below.
  7. Love how the FUD has transitioned over the last two years that I've been following XRP. We started with banks will never use XRP (proven wrong), which then transitioned to Ripple owns more than 50% of total supply and can dump it all onto the public market at any time and crash the price (completely counter intuitive but we'll let it slide). Ripple then locks up their XRP holdings into escrow and provides quarterly reports on the distribution of the XRP supply (no other enterprise behind a digital asset is doing this). And now we have arrived at the most recent FUD - Ripple keeps dumping XRP every quarter to make a profit (which goes against prior FUD that they will dump it all at once and crash the price) and is doing so to suppress the price so they can keep dumping. Lol I guess time will tell. Would be more concerned with potential competitors affecting the price of XRP than the actions of Ripple.
  8. Correct, escrow, holding, speculation, XRP locked up earning interest on exchanges, etc. are all dynamic assumptions so they will always be changing. Total supply being available today was assumed to mainly offset not accounting for transaction velocity. More of a gut check to counter the "ripple keeps dumping XRP and suppressing price" argument . Purposes of including full supply available today was to remain conservative in the BOE analysis. h Speculation can be accounted for (on a BOE basis) by changing the % of total supply not available trading or on-chain transactions. If you're speculating then you're buying and waiting to sell at some point so this is inherent in the % assumption. But this will change as people sell when price/if price hits there target but new buyers will also come in. Again, this is a dynamic assumption. I added to your "The starting number for utility-based price estimation" thread where these assumptions are made dynamic .
  9. ILP will be huge. Imagine the implications if services like Send Friend or MoneyTap integrate with Skype or FaceTime and allow real time money transfers while you're talking with your loved ones back home. So many potential use cases it's hard to fathom what can be done with this tech.
  10. Thanks @Hodor for the great read per usual. @GoldenGoose - Ran a quick analysis on XRP supply relative to the worlds total population. Happy to receive any feedback people want to provide on why this back of the envelope exercise might be flawed but I feel like I built in some metrics to help the analysis remain conservative to account for assumptions not included, primarily transaction velocity. Below shows total population as of 2019 (link provided) and assumes 10% of the total population will use XRP daily in transactions. The right side takes today's supply and assumes the % of total supply that's on exchanges or in wallets that people are holding thus, it is not available for everyday use. Note, this doesn't factor in velocity, which is a huge assumption but I built in two backstops. One is the assumption that the future total supply of XRP is available today, when likely this won't be the case for many years (and also doesn't assume a declining supply). Secondly, no population growth is assumed, which will not be the case in reality. Long story short, if 10% of the world's population use XRP daily (note, Facebook has more monthly active users than 770MM people) then that equates to roughly 110 XRP needed per person on a daily basis (not assuming velocity of transactions). This is a back of the envelope approach but pretty telling in terms of what's needed to hit mass adoption to drive prices. I don't think we've even hit 100MM people invested in crypto so we're still in the early days.
  11. Yes, this article led led to the need for a refresher so figured I pose the question here. Thanks @Tinyaccount for the feedback as well. @ADingoAteMyXRP thanks as well - that info was exactly what I was looking for. Just trying to come up with my own assumptions around how beneficial ILP will be on XRP demand.
  12. This is exactly what I was looking for. Thank you!
  13. Apologies if this has been discussed in the past. My previous understanding was the ILP sourced the fastest digital asset as a bridge currency for cross ledger transactions, which for the time being would be XRP. Is this still the case (or was it ever the case) that this is how ILP functions fundamentally? Or should ILP and XRP be viewed independently of one another - meaning if adoption of ILP outpaces XRP, there won't be a large impact on the usage of XRP?
  14. Wanted to attempt to clear the air with all of these escrow releases that Ripple has been doing. When Ripple sells XRP over the counter (OTC) from it's monthly escrow release there is 1) an agreement in place that prevents the entire amount of XRP, being sold to that party, from selling everything all at once and 2) if an organization or individual is buying $250M (or insert whatever dollar amount you want) worth of XRP, I highly doubt they are going to go directly to an exchange and sell their entire position (and this is assuming that there are no NDA's in place per point #1). This would decrease the value of what they just bought and would make zero sense from a business standpoint. So when Ripple says "this quarter we released x amount of XRP" or "we sold $ amount of XRP this quarter" this doesn't equate to a direct relationship of x amount of XRP of $ amount of XRP being sold all at once. All it does is increase the circulating supply of XRP, which at some point in time will be available on an exchange for people to buy or sell. Keep in mind that circulating supply is different than available supply. For example, my personal XRP is part of the total circulating supply, but until I decide to sell and actually do sell, that is when it becomes part of the total available supply.
  15. 100% agree with you. If you can sell your cost basis, you're effectively in your position for free.
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