dik

Actually I'm going to drink champagne bought with the XRP that I bought for half a cent. A lot of people were saying the same things as you back then. XRP has never been in a better position than today. The plan is working. Price is a distraction. I'm not going to explain to you why, it is all available if you are willing to see it.

Wrong conclusion. I'm not going to waste my precious time on the last of the year arguing with someone who thinks potential is meaningless, and only numbers are relevant.

Then we can stop debating at this point. I think it means everything.

Based on what I see happening, within Ripple, and outside Ripple. I don't think you really understand the value proposition of decentralized digital assets, and what problem they solve. I believe the point of no return has already been crossed.

The train is still moving in the right direction. Real world usage *will* happen in 2020. Do the most stupid thing in your life and sell your bags if you haven't done so yet.

I cant imagine myself logging into the chatforums of one of the 2000 coins I dont own to give people negative investment advice. What motivates you?

This one for sure: "I'm long on Bitcoin". Brad only talks rehearsed soundbites. I wish he invited David instead, he speaks his direct thoughts, coming from a brilliant mind.

I think the author is confusing the Swift DLT PoC early last year with "testing Ripple". Here are the results. "DLT not yet ready" was the conclusion (and repeated in that article).

ask yourself why people ever sell things when inflation means they can get more for it tomorrow.

yes he certainly is

Yes all the shady exchanges in the world will together form a trusted network, with very a simple consensus algorithm about reaching quick global consensus about the order in which up to 1500 transactions per second were received. The trust that is global, is the trust that all validators agree with the outcome of the order of transactions in a single 3 second window. and that order is a trivial issue that nobody cares about, because you cannot spend money that you do not have anyway.

with decentralized digital assets, trust is global, and the system is permissionless. two very important conditions for an entirely new class of autonomous applications that run on the internet, and are also accessible by the 1.7 billion adults that do not have access to a bank account.

If it were that simple, Bitcoin would also be a security.

I think that eventually, digital assets will be used by anyone that wants real-time transactions over the Internet of small amounts and low costs, globally. I also think eventually small transactions will replace large transactions. Money will move in small packets, in the opposite direction of the services that are provided. For software to be able to handle money as truly data, it can't have a counter party, as the counterparty introduces a "well it depends". So anyone who has assets in a silo'd network, will have to convert those assets to universal digital asset, in order to participate in the global IoV, either knowingly or unknowingly (as part of an automated process). So question remains: ok, digital assets will be the liquid between payment networks, but why XRP? Answer to that it that it is the cheapest, has the best reach into all markets, the best liquidity, provides 3 second transaction finality, and is the most energy efficient. I don't believe the success of XRP solely depends on the success of xRapid. It depends on whether indeed my assumption is right that we absolutely need decentralized digital assets for the next version of the web. If that is true, the digital asset with the lowest friction will win by definition. As far as I can see, that is XRP.

Assuming network A and B, and network A member Bob needs to pay network B member Alice money. Bob buys XRP for network A dollars, sends XRP to (the jurisdiction of) Alice who then sells XRP for network B dollars. Or possibly with agent X in between, who takes care of the exchange and transport part, so that neither Bob or Alice ever have to deal with anything than their local network currency. This requires liquidity of dollar A / XRP and dollar B / XRP. This depends on the market demand of members of A and B transacting together. Remember: in the digital space there is not (yet, and possbily never) "a single dollar": digital dollars are not fungible. There is only a promise by a bank to pay you a dollar. One banks' promise is not simply swappable 1:1 with another banks promise. In fact: none of the banks actually have the dollars they've promised to people, and some banks are in worse state in that aspect than others. That is where assets that do not have a counter party come into play. One XRP in jurisdiction A is guaranteed 1:1 swappable with one XRP in jurisdiction B.