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corak

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  1. I don't agree with your opening statement. Also, consider https://coinmarketcap.com/rankings/exchanges/ Bitconbase aren't even a relevant factor It's a drop in the bucket compared to just binance alone. Seriously, give it a rest already.
  2. Print one hundred million tetherre when he goes to sleep, and PUOAMP eet
  3. There is another account with 4.4M left (rMwhLJ8VvvZq2PsfC9PBigZY5UWDj5jpHr) But it is almost over with. Took much longer than I anticipated.
  4. corak

    Is 100,000,000,000 XRP enough?

    What does it even mean for the number of coins to be 'enough' or 'not enough'? It's a denomination. XRP is transacted in a unit called 'drops', there are 10**17 drops (1 XRP is one million drops). Prices for other things can be quoted quite accurately in drops. The burn rate is unrelated and is such a small factor that it can be completely ignored. It won't go under 99B XRP in our lifetimes. Should the system be in such massive use that somehow pricing in drops is no longer accurate enough, the ledger could be patched to increase the number of decimal places (i.e. 1 old drop = 1 billion new drops) to solve this issue more or less permanently. The number of coins does not influence the ability of the price to go up or down. The price reflects the valuation of the entire ledger. If there are 100B coins, it only means each coin costs 1/100B of that valuation. The valuation itself still changes based on shifting expectations that crypto traders have about the XRP ledger. If there are bad news and valuation drops 10%, the price per coin will also drop 10%. Doesn't matter if there are 100B coins or any other fixed number of coins.
  5. Not all opinions or outcomes are created equal, some are significantly more out of touch with reality than others Case in point, expecting a heavily traded, well known crypto that's been around for several years to increase 1000 fold in valuation in like a couple of months, because reasons. Hint: your optimistic scenarios are part baked into the price already, which is why it's trading at $0.56 now rather than something like $0.006.
  6. corak

    Bear market

    I remember him advising others to sell when it was around $2 "if they made a life-changing amount of money from it" or something to that effect, on a discord channel. Life-changing or not, I really wish I followed the leader on that one.
  7. corak

    Is a dump incoming?

    I don't think we can get B O G G E D down under 20c again without some actual XRP specific, or whole industry (regulations-related) bad news. Even a spontaneous flight of capital from BTC, down to say $3k, won't do it at this point. The people who can sell XRP profitably under 20c aren't interested in dumping, and there aren't _that many_ of them.
  8. I do see it as a speculative pump: many swing traders trying to get in before it takes off. Seems crypto traders were always reluctant to hold XRP, so they always had to pile in whenever their fears grew about it overtaking other cryptos, and only at the last possible moment (May 2017 and Dec 2017 pumps are both great examples of this). I think that is why this coin goes so vertical when it starts rallying. BTC and ETH don't behave like this nearly as much.
  9. corak

    Coil Twitch launch

    I registered to Coil as well, no invite tho, I'm on the waiting list
  10. corak

    Coil Twitch launch

    I imagine it will take a long time before you'd see Coil mentioned anywhere on a site on the scale of youtube. Whether Coil payments are that horrible hack or properly integrated is beside the point I think - it's just such an esoteric payment form that they won't bother telling users about it. I think it's pretty awesome that Coil finds these hacky ways to become relevant faster. Think how long it took CC companies to be taken seriously as a payment method - decades.
  11. corak

    #2 Market Cap - XRP to own it

    Not that we should complain much if it levels off from here, consider we were at half the price a couple days back...
  12. corak

    #2 Market Cap - XRP to own it

    Well that's fantastic. A really smart decision, young man. We can put that check in a money market mutual fund, then we'll re-invest the earnings into foreign currency accounts with compounding interest XRP aaaand it's gone.
  13. Would be a bit of a surprise if it gets through 20c, but if we get full B O G G E D (Crasheet)... well, there is always the multi-year support at .006
  14. corak

    Escrow sales

    Unfortunately, at the current rate it would take more than a lifetime to get through 60B XRP. Just saying.
  15. Eh, that's somewhat flawed reasoning. XRP tanked from 0.05 to something around 0.003 at some point. It didn't fail, but it sure looked like it did back then. If it went to $0.06 our bags will be near wiped out from ATH values, and Ripple would probably have to re-evaluate their distribution strategy, but otherwise very little would actually change. XRP would be valued $6 billion (let's face it, that's still a whole lot of money given the state of its real-world adoption). If the network's adoption grew, the price would go right back up. For practical use, i.e. for bridging, no one cares what the per-unit price of XRP is. Liquidity is more important, and for now it all depends on speculative activity. Take that away and there's very, very little left. In that environment Ripple would have to make markets on its own dime if xRapid is to bootstrap itself at all. xRapid volume is like 4-5 orders of magnitude away from even just being comparable to spec volume, and that's after the crash / bear raid.
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