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About will4star

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  1. Yes. Exactly. But it's also useful to note that as xrp becomes more useful as a bridge currency in inefficient corridors, it naturally becomes increasingly competitive against already efficient ones. This will lead to a spiralling, or snowballing, effect of it continuously growing in usefulness. Speculation aside, that is what will *really * drive massive demand in the future. And as we know, bigger the Demand:Supply, bigger the price. As to the OP, businesses and banks will buy /sell xrp via market makers, who will source liquidity from where it is cheapest and most deep. Why that wouldn't be public markets, I do not know. But we'll have to see how this plays out.
  2. Things that will drive demand (and this price):
  3. This. Xrp will be perfectly placed as a legitimate hedge against all other assets and fiat currencies, as Bitcoin proudly boasts. With apolitical price trend and few -ve pullbacks, this becomes more likely.
  4. Most definitely. One of the biggest beneficiaries will be businesses in emerging economies, who will have access to far greater funding and investment from wealthier countries. The same can be said for citizens in those countries. People often underestimate the positive impacts ripple/xrp could truly have on less fortunate societies, in my opinion.
  5. I think we'll hear of dozens more being announced this year.
  6. Yes, but ultimately the USD has a counterparty risk. And @Yukteswar, given that 90% of global debt is denominated in usd, I'd say that risk is pretty damn high. A ticking time bomb. I included ZAR as an arbiary examble, since in many instances there might not be enough liquidity even between usd and a provincial, exotic currency. It's probably not accurate, but the principle still applies. Is it possible? Left to it's own devices probably not. But with lne of the best connected, wealtiest start-ups behind it pushing for this very goal, I'm confident enough to have put plenty of money on it
  7. So, I've been thinking this whole correspondent, multi-hop foreign exchange thing. XRP want to sit in the middle of these to increase liquidity, right? You know, to be a universal bridge asset. And it will start with the most inefficient corridors, those with many hops for example. But as it does this, it has to decrease the liquidity in fiat-fiat pairs that would happen otherwise. Let me give an example: I want to send £100 to Bob in Malawi (MWK) from the UK. But there are no direct GBP - MWK pairs when I need them. So instead I have to take this route for enough liquidity: GBP - USD - ZAR - MWK. Now, putting XRP into the scene. Say than a large number of Malawians decide to buy XRP for liquidity in remittances to the United Arab Emirates (as a random example). And meanwhile, many people in the UK are sending money to Indian INR, also via XRP. Suddenly, there is liquidity between GBP and MWK via XRP, which consequently increases demand for XRP and potential liquidity with other, previously unconnected, currencies. So far this is all straightforward stuff that anyone whose invested in XRP should already kinda know. But now here's the interesting flip side to that: in each of the three XRP-powered tx's above (MWK - UAE; GBP - INR; GBP - MWK), there are numerous individual fiat-fiat swaps that no longer happen, thus liquidity drops in those pairs. So, going back to the GBP - MWK payment, there would be an indirect negative impact on liquidity for all these: GBP <-> USD, USD <-> ZAR and ZAR <-> MWK -- all the while the XRP liquidity is increasing. What does that mean? Well, suddenly it becomes increasingly appealing to use XRP for these other, currently liquid, fiat-fiat steps. There is essentially always a (growing) pressure towards using XRP, and away from fiat-fiat. This is genius. You could almost see it as sucking liquidity out of all fiat-fiat pairs and into XRP<->???. A natural simplification of global foreign exchange networks. And as that happens, expect businesses, hedge funds, and National banks to start going in big. I've written elsewhere how, when several businesses and banks start using XRP for improving back-end treasury efficiency (e.g. instant settlements, low costs, no nostro-vostro), then it's only a matter of time when some (across boarders) decide to trade among themselves in XRP directly, skipping any exchanges. And then, it would be in their financial interests to receive XRP from their customers, too -- so we could expect to see price incentives when purchasing goods or services in XRP over, say, USD. XRP payments could get 'baked in' to many new business models. People can say what they like about the price of XRP today, or whether banks are using it now, if RIPPLE should hold 60%, or whatever FUD takes their fancy - with these sort of inherent fundamentals, unforeseen use cases, and the caliber of the team behind it, I am betting on XRP one day becoming a true global asset for trade, settlement, and hedging. And for its worth as a highly-liquid, neutral hedge asset alone, it wouldn't surprise me to see a price anywhere north of $100..
  8. Millionaires Club

    It is all about the cats and expensive houses. And the drugs. And the hookers. Just kidding With a million or so in the bank though, I have so many ideas... Buying a few hundred acres of Peruvian rainforest and starting an ecotourism project replanting trees, and growing bananas for local income... Starting up an electric tuk-tuk shuttle service in my local city... And some sort of homeless shelter /employment scheme in my city too. If I've any left over, then a nicely restored Aston Martin db5 vantage, with all obligatory 007 gadgets, just to satisfy my inner child =D But that comes last. As for the farmhouse in the French countryside - I can highly recommend it.
  9. Why can't I like this twice? Haha You can always 'like' in in ripples - rD8DF7A89sTfpQcnF9WjLTfcyFR5EvT7Cp lol (Just kidding ^^)
  10. All it would take for XRP to be $1,000 is enough people to stop selling at the current price, enough people to put sell orders for $1,000, and enough people to still be willing to spend $1,000 to buy it. What on earth could make people choose to pay $1,000 though!? Well, dependency. If Ripple succeeds in making XRP the standard for fast international settlements between currencies, there will be no going back. People, customers and businesses, will expect that level of convenience and cost-saving. Do we still communicate by sending telegrams? Of course not. So there would be, in this ideal scenario, enough people buying/selling at any price. Then it's down purely to the market deciding what that price should be.
  11. In no particular order : 1) fincen agreement elapses in May this year. Means ripple could officially focus on more consumer -facing, p2p use cases for xrp. 2) development of Codius - smart contacts built on ripples super fast, super scalable network, with built in payment execution capabilities? Yes please!! 3) bank of England cooperation with ripples software - likely still ongoing, unknown details, but could yield some c very exciting news on the coming months /years. 4) Sbi Ripple - huge supporters of ripple and xrp. Likely will drive adoption, foster new use cases, and /or even provide custody for xrp in official banks accounts. 5) huge global crypto exchanges - open up the market significantly to traditional investors. Think the NYSE or city of London but for crypto. Probably in Hong Kong. 6) Mercalfe's law - network effects will have a profound impact on the adoption and on-boarding of new companies and banks to the ripple ecosystem. Increases the chances of XRP usage for settlement, liquidity, and price stability, thus increasing its attractiveness to get more companies or banks. 7) vogue - Sbi and moneygram (or was it western union?) have seen significant up-ticks in their share value thanks alone to their affiliation with ripple! If that doesn't draw more, interesting, companies to proactively seek to work with ripple, I don't know what will! 8) Ripple's incentive to boost xrp - they have the means to, and the most to gain from, really pushing to get xrp adopted in places any other cryptocurrency team can only dream of. They have already invested millions in building an all -star team, and will inevitably continue to do so more. Ripple will be in the 2020's what amazon was in the 2000's and '10s. I expect the values of xrp to correlate. 9) look at past examples - the euro-dollar began to go big when European institutions realised they could use it as a useful bridge currency. It's naturally a valuable use case, and one xrp is expressly designed to excel in. Unlike the euro-dollar though, xrp is built into a distributed ledger that has many many other valuable uses (such as an exchange, paychans, escrows, p2p loan possibilities and, in the future, Codius smart contacts)! 10) media coverage - given the number and calibre of Ripples partners, leadership, and great track record, mainstream media is already beginning to take an interest. This is just the start. If /when ripple announces an enormous partnership (Amazon, I hope your listening), the mutual benefits and the weight of investor interest could be so huge that the media would be all over it and it is anybody's guess what the xrp price might reach. Overtaking btc would also be significant in this regard. 11) world domination - taking all the above into account and assuming no minor hiccups such as an asteroid destroying the entirety of human civilization, the mutual benefits to so many different people, from multimillion dollar companies to everyday users. would encourage the inventivisation to use xrp as a means of direct payment for goods/services, starting probably with digital products . From there, it is only a wee step for the IMF to accept xrp, a digital, decentralised asset, that is not a debt instrument, as a world reserve currency, and hey -presto! Xrp has reached world -domination status, Brad has founded his own rocket company/become president, and Tony Vays is out of a job.
  12. Pt. 2: http://www.pressheretv.com/9-billion-dollar-man/
  13. Well, it wouldn't be a bad thing. But the only real affect on xrp would be if the central banks upgrade their underlying payment and settlement rails. If they used ILP (xcurrent for example) then they could easily use xrp as the settlement asset to bridge between these new digital denominations. This would mean they could send atomised, counterpart risk free payments on demand without the need for numerous prefunded nostro/vostro accounts. One of the advantages to a central bank of offering a digital form of national currency is the huge efficiency improvements in measuring, tracking and adjusting the money supply. I don't know how many bilateral nostro/vostro accounts each cb has, but it's likely dozens. Can you imagine the improved efficiencies from not needing to have these?? I'd be highly surprised in central banks collectively weren't interested.