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About xrpzilla

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  1. The last time I felt like this was when Michael Scott left the Dunder Mifflin Paper Company. Ha, horrible analogy actually, but I've thoroughly enjoyed your publications over the years, @Hodor, and I don't think there will be any that can fill your shoes. Here's a toast to everyone having their own style and having their own indelible impact on the world, to the ripples that we each cause. 🍻
  2. If you are sincerely interested in the reasoning behind their target audience’s decision to use their services, look at similar real world counterparts as an example... one example, the ability for landlords/homeowners to take a loan out on their home’s equity.
  3. This is delightful news. I researched PNC's stake into Blackrock and it seems that it's risen to 22% now, according to their most recent filings. Potato, potato. (Ha, doesn't translate online but hopefully you catch the drift.)
  4. This headline is a bit deceptive, due to the active verb tense of the word "onboarding". A better description of what's happening is the headline from the original article, which is found above through the "The company says..." quote: MoneyGram has been the latest announcement, which on its own is still incredible news. I'm excited for the onboarding of new, unannounced partners!
  5. An index for Ripple, alongside indexes for BTC and ETH, is a signal from Nasdaq to its community that there's another contender in the ring which they'd like to introduce. The rest of the crypto community as a whole will benefit in the same way that a rising tide raises all ships.
  6. "You could (add/justify) a multiplier to this" That's the wildest and loveliest thing about cryptocurrency: Demand has a profound impact and cannot easily be measured, as the supply is fixed.
  7. Markets are moved by a range of factors, the strongest being emotion. There are two types of emotional reactions the average investor can experience. One emotional response is FOMO, or rather a fear of missing out on making money. Our community knows this acronym all too personally, as it is one filled with hope & the sway of excitement. The other emotional response doesn’t get discussed as much, but it's just as important: Fear of losing everything (FOLE). Let us not unite with the latter element of fear, but to the former element of hope & excitement. (This post has been inspired by an article written by Patrick Healey, www.kiplinger.com/article/investing/T031-C032-S014-psychology-of-stock-market-and-investment-decision.html) Question: If you had to re-brand the acronym F.O.M.O. with a positive connotation, for what would its letters stand?
  8. It’s referencing the SEC announcement that they are holding a forum to discuss regulations and more on May 30th
  9. The recent news article about 95% of the volume being fake/inflated seems to be very deceptive... The article and the subsequent conversation around this does not account for market maker accounts that exchanges manage. I've read that the Dow similarly has market maker accounts that cover 85% of the volume. Perhaps it's not as simple as calling the accounts market makers, either... and it's a wider range of services and functions? Just saying, that factoid is super misrepresentative of the health of the cryptocurrency market. This moment in history represents one of the last periods of times in which crypto will be considered the "Wild Wild West". Assuming we'll receive clarification at the end of May, this is a great time to spread some FUD to lower prices as much as possible for those entering the space now. *Edit: Remember, the accumulation phase which precedes a bull market is composed of discouraged and distressed sellers. The public needs to be completely disgusted with the market, before positive sentiments can return and help rally. (Dow Theory)
  10. This is so beautiful. It's a direct example of what a troll website looks like! Here's how I see this website: The content is machine-generated, and its algorithm is designed to maximize views by posting content that's provocative or already at the center of debates. But the algorithm is definitely geared towards negative sentiments rather than taking a well-balanced snapshot of the conversation that's taking place. A lot of the content are nonsensical sentences that lack punctuation and grammar, but independently they are each just pieces of communication that's very in-line with the FUD-slinging we've seen within Ripple's communities. It's fragments that are woven together, and then the website constantly just pumps these out, with either legitimate viewers or non-legitimate ones (most likely) just pushing this material out there as much as possible. Take that with the knowledge that majority of headlines are all that people read, as if the existence of a news articles that proceeds it is worthy enough, and voila you have a recipe for some sincere, directed sabotage directed towards XRP. Anyways... TL;DR garbage content, website is a machine-generated news source with a bias against Ripple, useful when anti-Ripple posts need sources.
  11. It's very important to understand the concept below. It'll take 3-5 minutes to read & comprehend, and it will have an indelible impact on your perspective: Most coins are locked up, I'd go so far as to say 95% of XRP are out of the market's reach, and therefore do not contribute to supply in the context of determining value. That leaves 5%, which is less than 5 billion XRP, and it's only THIS small pile of coins, that everyone needing to procure XRP, will be fighting over. The "Demand" part of supply and demand, is an aggregate of many forces, but those forces all sum together at the point of purchase on an exchange. When demand is greater than supply, the price goes up; and vice versa. Demand for XRP will come from one thing, increasing usage. If I want to send my mother $150,000 worth of XRP, I will create demand. The more people buying their mother's shoe-shops, the more demand gets created. You might say, well as soon as mom sells the XRP I sent her, we have a net zero situation and the price wouldn't change. Yes, you are correct, but if during my purchase, transmission, and mom's sale, someone else needs to buy some liquid XRP, there'll be less supply of them available, and the price will be higher. Extend this scenario to where hundreds of thousands of transactions are happening per hour, and you should see that a lot of liquid XRP has been converted to in-flight XRP, drying up the supply, and rapidly driving up the price because of scarcity. In other words, the "volume" of XRP "utilization" trades (where XRP actually LEAVES one exchange for another for the purpose of value transfer, not speculative trading), will be what determines the basis for "real" demand, and it won't pay any attention whatsoever to said Market Cap. Demand is demand, and it will be satisfied at any cost. Higher volume, higher demand, higher price. Credits: Galgitron.net Blog, Fudbingo.com
  12. I believe we're at a crossroads. On one hand, financial institutions have been defending their current practices, publicly smearing competition. But on the other, it has always been in their interest to review new technologies and extract additional savings. They're finally at the point where the savings can't be ignored anymore and they have to shift gears. It should come to no surprise to anyone, however, that this was in the works.
  13. There are going to be a lot of really happy Filipinos (and other nationalities) on the receiving end of these remittances. I think the impact that these savings have on their wallets is often overlooked, and it's worth pausing to appreciate the positive changes that have rippled into their lives.
  14. I am as well... but to add emphasis to my conclusion, I'm uncertain that my interpretation of this development is accurate. It may not have any impact or relation to data management, so I'd love further clarification if anyone has a better grasp on this matter.
  15. Ripple's Introduction of History Sharding & Does It Allow For Data Storage? Over a month ago, Ripple low-key introduced history sharding by releasing an article on their developer blog: https://ripple.com/dev-blog/introducing-history-sharding/ Given a closer look of what this feature can accomplish, it's quite astonishing that it didn't receive larger attention and fanfare on its announcement -- and it's perplexing why its impact hasn't been more lauded. The word shard means a small part of a whole. The concept of data sharding is an important advancement of decentralization, as it allows for data to become partitioned into smaller pieces spread across more hosts. But even more important, it's an advancement for data storage itself and opens XRP up to a whole new segment: Data Storage & Management. Perhaps a fellow Rippler who has more insights into the coding mechanisms here can chime in, as I'm very interested in what this truly means; has Ripple's announcement of data sharding signaled a new era in which XRP now has more than just a financial function? Maybe I'm just excited at the prospects, that this move is just the first of many to come, but if Ripple enters the data management scene by enabling its infrastructure to be used for those purposes, that's a very attractive development in my books.
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