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  1. Also, @Sporticus, this is your quote from April 2018 (I bolded the part that is completely cotradictory to what you are stating in this topic): Can you explain what changed your opinion in this one year?
  2. @Sporticus, first of all, thank you for your insight, your content has been very valuable so far, albeit a bit anti-Ripple (which is okay, to each their own opinion). I would, however, like to discuss about a few opinios-turned-facts in your statements. Can you provide a source for this statement? As far as I know, there have been no official statements from the SEC, all the articles I find quote William Hinman's remarks: https://www.sec.gov/news/speech/speech-hinman-061418 This was not an official statement by the SEC, as is also indicated in the article itself: "The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This speech expresses the author’s views and does not necessarily reflect those of the Commission, the Commissioners or other members of the staff." Targeting a $27 trillion market does not mean that the volume must be $27 trillion. In fact, XRP's usecase is to unlock those funds and optimize the process of real time gross settlement. I do agree the volume should eventually be higher, but it should never be $27 trillion. the number $27 trillion is used to demonstrate a problem that exist today, and not to indicate those $27 trillion will flow into XRP or indicate daily volume. If you bought two and a half years ago (or earlier), the returns would have been: ETH: Today: $187.80 2/21/2017 (two and a half years ago): $12.43 Return rate: x15 LTC: Today: $72.65 2/21/2017 (two and a half years ago): $3.77 Return rate: x19 XRP: Today: $0.267 2/21/2017 (two and a half years ago): $0.00587 Return rate: x45 I'm glad you did not sell all your XRP, as it has brought you the greatest return of the 3 digital assets you mentioned in the past 2 and a half years.
  3. Although I agree with you and both sides need to be presented, please take a look at Cooliozxrp’s posting history. Vast majority are one-liners devoid of any content. I respect any contradicting opinion, but it is impossible to reply with arguments to one-line statements that say nothing at all. If someone on the street yells “You’re an idiot full of hopium!” – are you going to present a five-paragraph response? Or are you going to simply ignore him? Whatever his agenda is (might be simple boredom for all I know), Cooliozxrp’s responses bring zero value to the discussion. For example, members like tulo or Sukrim often bring up interesting points worth debating that are criticizing Ripple – those are, in my opinion, great reads. I would love to see a long, structured post from Cooliozxrp, but sadly, I have seen none thus far.
  4. I believe the title is a bit misleading - they are doing maintenance in prepetaion for the launch, not the launch itself. They may just as well be preparing everything from the technical side of things, but will not actually launch on July 31st. However, it is progress!
  5. You know, these psychological estimates always get me confused. Have others really gained 3x – 4x in 2 years as you stated, or do you only think that only because some had fallen more from their ATH and have bounced more in the last six months? Let’s look at the more prominent cryptos that have been in existence for more than two years: BTC: Price on July 23rd, 2017: 2800 USD Price on July 23rd, 2019: 9990 USD Change in two years: 257 % LTC: Price on July 23rd, 2017: 44 USD Price on July 23rd, 2019: 91 USD Change in two years: 107 % XRP: Price on July 23rd, 2017: 0,19 USD Price on July 23rd, 2019: 0,31 USD Change in two years: 63 % ETH: Price on July 23rd, 2017: 228 USD Price on July 23rd, 2019: 210 USD Change in two years: -8 % Mind you, BTC and LTC are often praised for being one of the best performers in 2019. These figures also fluctuate wildly week to week.
  6. Did Trumps tweet really cause the market to turn bearish, or was this news again contributed to price movement after the fact? This is bitcoins movement at the time of Trumps "announcement": The price started falling well before that, so unless you speculate Trump held millions of BTC and sold 24 hours prior to his tweet and then manipulated the price, I'd say the trajectory of BTC was simply too steep and needed a cool off, totally unrelated to any news whatsoever.
  7. I’m looking at the wallets and see they are sending funds to “FundingWallet1”. When I check that wallet, it’s swapping funds with other wallets, not exchanges. When I check those wallets, they are again swapping XRPs with other wallets, not exchanges. What am I missing here, can you help out a little bit? Which wallets end up sending funds to actual exchanges?
  8. So, when you see a 1 minute +10% green candle appearing on multiple exchanges simultaneously out of nowhere on a quiet day after weeks or months of consolidation around a stable price, you contribute that to a large number of retail buyers magically deciding to buy an asset at the same time (usually within the same second)? Or is it more likely that an entity with a large stack (a.k.a. a whale) decided to place an order to push the price up? Which of these two options is more likely? If there’s a third option, please let me know. EDIT: the same goes for buy and sell walls. Is it more likely that a large number of retail investors put a sell order at a random 0.432156 USD price, and then all at the same time remove that order (called spoofing, fake orders), or that a single entity with a large stack (a.k.a. a whale) does that? EDIT2: If your response was sarcasm, accept my apologies
  9. One thing people usually do wrong is they take the current XRP market cap (lets say 18 billion), take the yearly remittance market (lets say 600 billion) and say: “Well, it takes 3 seconds to transfer the XRP, so with current XRP market cap you could transfer all the 600 billion in 600/18 = 34 seconds.” Or sometimes you hear this scenario: if you take 600 billion per year and divide it by 365 days (assuming the trades happen 24/7, which they don’t), you get an average of 1.64 billion per day, which would mean the XRP market cap would only have to be 1.64 billion to accommodate the entire current remittance model. Both estimates are way off. For this calculation to work, an FI using xRapid transferring 1 million USD (just an example number, and this is just the USD/MXN corridor) would have to be able to: 1. Purchase 1 million worth of XRP (about 2.3 million XRP at current prices) at Bittrex 2. Transfer the XRP to Bitso 3. Sell 2.3 million XRP on Bitso at roughly the same price to get 1 million USD worth of MXN in Mexico. If you ever checked an exchange order book, you probably saw a bunch of orders stacked at different prices. The ideal scenario would be someone selling 2.3 million XRP @ Bittrex for 1 million USD, and someone buying 2.3 million XRP @ Bitso for 1 million USD worth of MXN. This will probably never happen, so the FI must buy a bunch of XRP at different process on Bittrex and sell a bunch of XRP at different process on Bitso. This means they will have to spend more than 1 million USD on Bittrex, or receive less than 1 million USD woth of MXN on Bitso. How much more they have to spend to get that 1 million USD across determines if they are cheaper and competitive to other businesses like Transferwise or VISA that hold Nostro/Vostro accounts on both USD and MXN side. How does this relate to market cap and XRP price? As mentioned above, you can either have enough liquidity for the transfer to be cheap (i.e. there is an ideal seller on Bittrex that will sell you 2.3 million XRP and an ideal buyer that will buy your 2.3 million of XRP on Bitso), OR the price of XRP is high enough to transfer large amounts of fiat. For example, if the price per XRP is 10 USD, you only need to purchase 100k of XRP on Bittrex and sell 100k of XRP on Bitso. So, in order to effectively accommodate 600 billion USD per year, you either need a lot of ideal sellers and buyers on exchanges (which is not very likely and will only happen if the XRP/USD becomes extremely stable i.e. EUR/USD), or the entire XRP market cap is high enough to do all this. My opinion is the following: Price per XRP will either have to a lot higher than today for xRapid to be competitive to established Moneygram/Transferwise methods, or it will never work. I can’t be sure which way it goes, but I’m betting on either 0 USD or 5/10/20 USD. It cannot be an effective way for real time gross settlement at 0.40 USD.
  10. Well, if it goes into the XRP and Ripple ecosystem, it means the ecosystem is going to grow and hopefuly lead to price appriciation. If Jed uses his money from sales to promote the ecosystem and pay Ripple programers, marketing departement and everything that goes with it, no one would complain about it.
  11. I see what you are getting at, especially since article titles are often created as click bait, but allowing users to create their own titles of the topic goes two ways – some users may then create topics like “Is it over for Ripple?” and link an article to Forbes with a title “JP Morgan creates their own cryptocurrency”, which is even more misleading in my opinion. Topic title being the same as article title at least creates objectivity from poster’s and forum’s side. Article titles will, unfortunately, stay misleading regardless of XRP forum rules.
  12. With the flood of amateur and unprofessional crypto news websites with unsupported claims, sources and misleading titles, I would like to suggest a new rule when creating a topic in the Press section of the forum: Every title should include the source of the article at the beginning of the title. Title examples: [Coindesk] Coinbase Opens Up XRP Trading for New York Residents [TodaysGazette] Ripple’s Contractual Term with Over 200 Partners Behind XRP Low Price. Here is Why This way forum users can determine if the topic is interesting for them without having to even open it. Some websites are notorious for unsupported claims, such as “Bank confirms using XRP” or “Expert suggests XRP is worthless” without providing any real evidence or source, which is outright misleading, if not total news fabrication. We already have a subsection “Other Press”, which is good, but I do believe adding source of the article in the title itself to be beneficial for most forum users and at the same time creates no extra effort for forum moderators and topic posters. I created a poll to see if there is any support for this new rule, so anyone reading this, please vote. Mods, please leave this topic in the Press section for a week before moving it to “Meta” or any other appropriate section of the forum.
  13. No problem, I'm sure exchanging opinions with XRPChat members can be frustrating at times. To add more information, this is how Bank of England uses the terms "payment" and "settlement", and from what I understand, they also use the term "settlement" when it is required between two different providers that do not have an established partnership or agreement, not when the payment is done within one company from one account to the other: "What is a payment system? Payment systems are a set of common rules and procedures, which support the transfer of funds between people, businesses and financial institutions. Most payment systems are managed by operators, and supported by one or more infrastructure providers of hardware, software, and communication networks. Some financial institutions have direct access to each payment system and provide payment services to their customers. Why is a settlement agent necessary? Not all accounts are held at the same payment service provider, so when a customer makes a payment to a business that has an account with a different provider, the customer’s provider owes the business’s provider the value of the payment. This creates a level of risk, so a payment system requires an intermediary, known as a settlement agent, to use for the final settlement of funds between providers. Banks and other institutions can hold accounts with us, which are used to settle money moved between them. We provide these accounts to support our mission of maintaining monetary and financial stability. There is a financial stability advantage for a settlement agent being a central bank like the Bank of England. As we are financially supported by the Government, this removes the risk of account holders losing money held in, or moved between, accounts held with us. The real-time gross settlement service We operate the real-time gross settlement (RTGS) service, infrastructure that holds accounts for banks, building societies and other institutions. The balances in these accounts can be used to move money in real time between these account holders. This delivers final and risk-free settlement." https://www.bankofengland.co.uk/payment-and-settlement EDIT: added bold emphasis
  14. Why would this be limited to banks only? The difference is, if Alice sends Bob 100 USD and they are both Santander clients, Santander simply writes this down on their own ledger. They hold both Alice's and Bob's money. The 100 USD never left Santander. This is the simplest method of payment. Because they both hold money at the bank and Santander controls the ledger, Santander could reverse the transaction at any time. Of course, they are liable by local laws, so they will not do it on a whim, but they can do it. However, if Alice sends Bob 100 USD worth of XRP by purchasing the XRP on an exchange and sending it to Bob's exchange and Bob cashes out (be that in USD or by transfering XRP to his own wallet), this transaction is now irreversable by any third party, except if Bob personally transfers the XRP back to Alice. This is called (Near) Instant Real Time Gross Settlement. In fact, it doesn't require banks or exchanges at all, if Alice sends 300 XRP to Bob's XRP wallet for example. This too would be called Real Time Gross Settlement. xRapid just simplifies the part where Alice would have to transfer funds from her bank account to the exchange, buy the XRP, transfer it to Bob's exchange, and Bob would have to sell the XRP and transfer it to his bank account. Please don't mock people by writing "This is funny ", we're all here to debate this. If arguments are strong enough, I have no problem changing my definition or understanding of payments and settlements.
  15. "Settlement in "real time" means a payment transaction is not subjected to any waiting period, with transactions being settled as soon as they are processed. "Gross settlement" means the transaction is settled on one-to-one basis without bundling or netting with any other transaction. "Settlement" means that once processed, payments are final and irrevocable." https://en.wikipedia.org/wiki/Real-time_gross_settlement EDIT: PayPal cannot "settle", because they are moving money internally on their own ledger. For settlement to take place, you would need two seperate parties with two seperate ledgers.
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