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rootvegetable

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Everything posted by rootvegetable

  1. XRP sales are on their balance sheets. We know they've sold hundreds of millions of dollars worth of XRP. We don't know if they would be in a strong position without those sales. Even though they have said they would be without it, their financials aren't public so no one outside of Ripple would be able to tell you with certainty.
  2. The founders were literally a group of people that created a technology, created the digital asset xrp from that technology, and created a company to build out the technology to promote the monetary health of the asset. The timing of events is rather unimportant from a conceptual perspective. Maybe there are legal perspectives that think it matters, but conceptually it doesn't matter one iota.
  3. no way to know. their financials aren't public. could they and do they are different questions. we don't know either.
  4. Yes, and this was what I was trying to get at. I can't imagine the use cases, but using a fundamentally different way of sending payments- streaming- must have considerable potential beyond web content monetization for Ripple to invest that much money in it.
  5. what does coil need with a billion xrp? there are countless startups that succeed with far less funding. ripple didn't even receive that much funding. is coil really that game changing? I actually don't believe that internet content monetization could possibly be the end game for coil with that level of funding.
  6. Ripple has never released any financial statements that back up this idea.
  7. no, I would be very surprised if Ripple was paying dividends to shareholders at this stage. they are in full growth mode right now and growth companies reinvest earnings in to the company.
  8. The US government will purchase it for $733 each by issuing debt which will be mostly purchased by the fed, duh. And the circle continues..
  9. Amazon doesn't pay dividends. I highly doubt Ripple has paid a single penny in dividends up to this point.
  10. This is not an official support channel. You should always do your own due diligence on any recommendations you get here. That said, what wallet software are you using to recreate your account from your private key?
  11. hehe, good to see you holding down the keynesian fort my friend! I hear your points, but I'm only interested analyzing and measuring the choices imperfect people actually make, not the theoretical and hypothetical utility maximization people might do if they had perfect knowledge and perfect information. Anyhow, this isn't really the thread to debate the different schools of economic thought. If you can apply the school of your choice to answer OP's question in a way you find satisfactory that would steer us back on topic.
  12. Demand is a bit of a tricky concept. At all times, all XRP are held by someone, so at all times all XRP are demanded, the thing that can change is how much they are demanded, which gets expressed in the market price. Demand is a value placed on XRP by everyone individually (or as a business unit), and the demand curve is just an aggregate of all the individual demands. It's easier to understand it if you don't think of it as an quantity, but rather an amount that it is wanted- basically just an intangible subjective feeling. For example, if I want a slice of pizza, I demand a slice of pizza, and my willingness to pay for it shows the amount that I want it. I may want a slice of pizza up to $2, or I may demand it more and be willing to spend $5. I may not know exactly how much I want the pizza, only that I want it at least enough to buy it for the price the shop is selling it for. Some people may demand XRP up to 10c, some people may demand it up to $1, some people may demand it at $0. If I demand it up to 10c, I would be offering my XRP for sale right now, if I demand it up to $1 I would be offering my dollars for sale to buy XRP. So back to David's tweet, it's not really very useful to think of an xrapid transaction as an increase or decrease of demand, it's not really applicable. Additionally, the same can be said of any XRP exchange period. Every buy has a corresponding sell, xrapid is just two individual transactions that both have equal and corresponding buys and sells. Because demand is just an individual's subjective valuation for a thing, the only way to increase demand is to change how much people value it. More xrapid transactions has the potential to do that in a number of ways. One way is that it makes XRP more useful at satisfying the wants of the people using it. What they ultimately want to do is be able to transfer value from point A to point B, and more people transferring value means more offers to buy and sell at points A and B, which means tighter spreads, and the ability to send the payment without either waiting for a good offer, or moving the market to take worse offers. If XRP is more useful to people, more people will demand it, and more people will demand it more than they do currently. If it satisfies peoples wants more effectively, they will be willing to pay more for it, and the price goes up.
  13. What about this account rJjwHdcM8NrHJicL8JTscZSeFdHF3JvJsZ? It has 100B issued ALV.
  14. Which Allvor issuing account is the correct account?
  15. ALV is a non backed IOU on the XRPL. Anyone can create as many ALV as they want, and also back them with nothing. Create eleventy billion of them if you want.
  16. No, I don't think crypto currency is anything like second life.
  17. Gatehub is also an off ramp for XRP/USD for US customers.
  18. Agreed, the marketcap and circulating supply debates are not productive. You can make cases for including or excluding all kinds of things, and it means something different, but no one knows what it means. There needs to be a better metric, maybe something involving liquidity and market depth, but that's another discussion. I posted this as a cautionary example to not trust what you read on crypto news, and frankly any news site reporting on crypto including the WSJ. Don't believe what you read, sometimes they're just wrong and uninformed, other times they're stretching the truth to manipulate your opinion and sell you a story.
  19. https://www.coindesk.com/xrp-market-cap-may-be-overstated-by-billions-messari-report-estimates Please be careful reading crypto "journalism." When they can't get even the most basic facts right, it calls in to question everything they do and say.
  20. what do you find problematic about the rich list? please be specific. use your words.
  21. Hi, have you been around this forum before? This strikes me as an unusual first post. Please introduce yourself, and welcome!
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