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Mpolnet

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About Mpolnet

  • Rank
    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. "FXRP safely allows an XRP holder (an originator) to send their XRP to a set of addresses (called agents) on the XRP Ledger. The FXRP smart contracts on Flare then issue the originator FXRP on Flare which is 1:1 convertible with XRP and secured with Spark. When a holder of FXRP wishes to redeem it for XRP ( a redeemer) they send it back to the FXRP smart contracts on Flare. The agents then send the XRP to the redeemers address on the XRP ledger. If the agents don’t complete this redemption quickly enough the redeemer is compensated the value of their XRP plus an amount to compensate for transa
  2. @KarmaCoverage Thanks, I saw this video. My question was more oriented towards how FXRP would be distributed to XRP holders when the Spark network/token is launched. I'm assuming exchanges would need to serve as the middleman to distribute the FXRP tokens? EDIT: Looks like they mention working with exchanges in order to distribute the FXRP per the link provided. Thanks for sharing that. https://flare.ghost.io/theflarenetwork/amp/?__twitter_impression=true
  3. Does anyone know how the spark tokens will be distributed? Do exchanges have to list the native spark token then distribute the FXRP token to XRP holders?
  4. Didn't realize buy backs of company assets was generally categorized as a "bad" thing. Someone should call Tim Cook and tell him he's created no shareholder value through all the buybacks he's conducted Buy backs are considered back when the shares are being bought back above the intrinsic value of the underlying security. They're not bad when the intrinsic value of the underlying security is above the current market price. This a key difference hence why share buybacks can't be painted with a broad brush and classified as "bad" across the board. Determining the intrinsic value of crypto
  5. Interesting that Ripple is now providing an NVT ratio calculation. Love the way these reports are evolving to include more detail about the ecosystem. Great to see they're finally buying up XRP on secondary markets (effectively the same as share buybacks in my mind).
  6. Interesting comments from David Schwartz regarding yesterday's article from Ripple hopefully providing further clarity. Per the comments, my take is that ODL volume has primarily been comprised of treasury payments and from there the company in charge of those treasury payments sends/allocates the payouts as necessary. The main pitch of using XRP is high throughput low fees thereby making smaller payments not only cost efficient but feasible to execute (EX: sending $5 when the wire fee is $5+ - no one will take on this type of transaction). Ripple's article provided no mention that larger
  7. @TplusZero - hoping you can provide more in depth analysis than the clever comment above
  8. This is an incredible analysis - thanks for sharing! Can you please elaborate what the % next to XRP, per the below, refer to?
  9. @Molten - looking at BTC in the $3k - $4k range. Would make my first BTC purchase ever lol but assuming PlanB’s Stock to Flow model holds up price should recover to $9k - $10k range. However, not sure how the liquidity crunch has been affecting prices aside from some liquidations on leveraged positions. Hopefully, this period marks the inflow of new capital into the space that may have been on the sidelines given where prices are. I’ve been using Bitrue to stake certain assets in their Power Piggy platform and have been reinvesting the earned interest into other tokens to build posit
  10. This is incredible! Would love it if you have time and are able to post this chart with weekly updates?
  11. Thanks @JASCoder! To confirm the above analysis, an arbitrage opportunity exists for market makers based on current XRP prices at Bitso? Does this indicate prices need to rise or decline in order for the arbitrage opportunity to go away? Or does this imply that market makers are more likely to buy XRP at current prices and profit from the current arbitrage opportunity? If it's the latter, what is the effect on XRP's price?
  12. I'm fairly sure AK Bank is a Ripple partner. Assuming this is the case then this article is pretty interesting. Maybe Binance is exploring the potential of becoming an ODL partner (even thought they've been pretty quiet about this when asked directly)? Turkish Lira a future ODL corridor? https://cryptobriefing.com/binance-adds-turkish-lira-onramp-through-akbank-partnership/
  13. Really solid video in my opinion. Definitely a bit rushed and I love David for his intellect and passion. Not sure how technical the audience was (I hope they were predominately computer scientist) because man was this convo high level on a lot of technical aspects. I do agree with his view that the initial promise of blockchain was to eliminate rent seekers so if that's the promise of this new technology it's hard to argue against no incentives and how incentives introduce friction. However, arguing for incentives is also understandable so it's definitely a worthwhile topic of discussion. Def
  14. This explains the $8.9MM funding from Ripple to Moneygram in Q4 being treated as a contra expense! While there's been no clear regulatory guidance at least it's encouraging to see the SEC's understanding of properly treating incentives in order to build out a modern day digital payments network.
  15. It's treated this way because the $8.9MM given to MGI was for the offset of operational cost associated with the funds received hence a contra expense. It actually doesn't lower taxable income since it's a wash. However, what it does is provide an incentive to grow the system since this $8.9MM was likely associated with slippage, thus an offset of expenses rather than revenue. The system needs to grow in order to achieve operational economies of scale, which is typically where cost savings are realized. Helping mitigate the expenses associated with growing the system should be viewed as a posi
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