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CryptoGerrie

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  1. ok @Danny I stand corrected. You obviously did way more research. Not sure on the bail-in, that also depends how liquid the asset becomes and if they start trading out liquid (current marketplace).
  2. Here.. printed version page 11 https://www.govinfo.gov/content/pkg/FR-2019-12-06/pdf/2019-25944.pdf
  3. Following up on above, just to show that things are moving quickly now. XRP and Ripple mentioned in federal docs. That is not a "scam" https://www.federalregister.gov/documents/2019/12/06/2019-25944/remittance-transfers-under-the-electronic-fund-transfer-act-regulation-e
  4. I am a bit in between @Tinyaccount and others. Are you spreading FUD or really interested? You just joined XRPchat and this is your first topic. Assuming your intentions are okay, let me help you with a few things: The "intrinsic value" of crypto is zero.. But as you studied Economics, you also know that the intrinsic value of the dollar is the face value minus the risk of the issuer. So basically you give it value, by compensating guarantees against that value. No crypto is not gonna change the whole economic system and won't replace bank (sorry BTC boys) The price of crypto
  5. Hi, Lately reading a lot around competition for Ripple. JPM expanding with a lot of banks in Japan, and that list was already impressive: https://www.jpmorgan.com/global/treasury-services/IIN Saga launching https://www.cnbc.com/2019/12/10/saga-launches-sga-token-to-rival-facebooks-libra-cryptocurrency.html Especially them avoiding the US entirely worries me. It looks like Ripple is struggling to move forward with regulations in the US not being clear. Saga just completely ignores the US, to avoid any legal issue. Wandering what you guys think? I mean competition
  6. I really like this kind of news https://bitcoinke.io/2019/10/south-african-startup-xago-launches-an-xrp-only-exchange-and-gateway/
  7. Why not? You can for sure put dates in the contract, for not selling. That is 100% legal. Not sure about the minimum price. But even without it, it will do the job. Look at the quarterly reports of 2018. The avg price is 0.24 on OTC. look at the support line... yes also 0.24.
  8. Guys, Something keeps popping in my mind and as this club is about "trading and price speculation" I think it is fair to ask you. What if... Ripple sells a lot of XRP OTC (fact) With each sell, certain criteria for selling are negotiated (contract). Not a fact, but very likely no? But assuming the following: You sell in 2015 for 0.005 USD with the following terms Not allowed to sell before 2016 Not allowed to sell below 0.005 You create a massive baseline as volume was not so high. Price will
  9. You have a valid point with exotic corridors. Those high friction corridors how they are called cause often problems in the current system as well: low liquidity (your point) one way flow. Especially in remittance markets this happens often. So one currency flows one way, causing pressure on the other pair. in the CURRENT system this lack of liquidity is “Fixed” by so called market makers. Those MM basically offer liquidity for a trade. So assume Bank A wants to move philiphinnes pesos to Mexico. They provide liquidity in some pairs or even legs. For example the PHP would most l
  10. Still ... to have a keynote speech at worlds most important finance event is good. Mind you, this is a SWIFT event. two years ago Ripple organized Swell at the exact same moment as Sibos for a reason. a lot has changed and the fact that Ripple has a stage on a Swift owned and organized event is positive and shows the claimed position in the industry. no speculation.
  11. Guys, this is SCB, not SBI. Thailand,.. not Japan. But indeed not confirmed..
  12. Agree Bender. Also I think the parallel with "rails" is actually a good one. One of the problems with HighSpeed trains in Europe is that whenever the track doesn't suit the train, the train has to go slower. With SEPA (European standard) already working instant, a faster international rail (currently Swift) could be expected, tying Europe to a global instant network. My worry is still that Swift can actually make this happen.
  13. haha good question!! But with 'we' I assume XRP holders?? The answer is simple. Volume is too low still to move completely independent from the rest of the market. And the market was let's say... not so bullish ;) Will get there!
  14. Yes it would, cause is still a buy and sell in the orderbook (and so on the ledger). Cause if a bank would use an exchange it would be for the fiat pairs.
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