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will4star

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  1. Like
    will4star got a reaction from XRPaultheSecond in New(ish) to Ripple? Here's a refresher course on how it works.   
    Good morning all!

    Have you recently heard about Ripple? Are you deciding if you should invest some of your hard-earned money in XRP? Or have you been around for many years, holding and enjoying the recent price rises? Whoever you are and where ever you're from, it is important to keep up-to-date and know exactly what you're investing in so you can make sound decisions, and not be swept away in the feverish torrents of hype that do so often engulf the crypto space. So I will be posting a few videos and links here from around this wonderful forum, Youtube, and various other places around the interweb so good folk like to can refresh your knowledge on all things Ripple. At the end, there will be an exam, and if you fail that exam @karlos will ban you from the internet,  there may even be a few fun little quiz questions you can ask your soon-to-be-estranged friends around the dinner table at Christmas, or yourself at 4 o'clock in the morning as you sit rocking in front of your screen watching charts. Because who ever said crypto wasn't a healthy social experience!?


    So without further ado, pull up your socks, pour an alcopop and put down your fidget spinner, because I have just the video for you -- "Ripple Tech Talk: Understanding Consensus (Mar 2015)"  by in-house genius @JoelKatz
     
    (Length: ~60 mins;  Difficulty: 3/5;  Importance: High)
     
  2. Thanks
    will4star got a reaction from Void-Induction in New(ish) to Ripple? Here's a refresher course on how it works.   
    Good morning all!

    Have you recently heard about Ripple? Are you deciding if you should invest some of your hard-earned money in XRP? Or have you been around for many years, holding and enjoying the recent price rises? Whoever you are and where ever you're from, it is important to keep up-to-date and know exactly what you're investing in so you can make sound decisions, and not be swept away in the feverish torrents of hype that do so often engulf the crypto space. So I will be posting a few videos and links here from around this wonderful forum, Youtube, and various other places around the interweb so good folk like to can refresh your knowledge on all things Ripple. At the end, there will be an exam, and if you fail that exam @karlos will ban you from the internet,  there may even be a few fun little quiz questions you can ask your soon-to-be-estranged friends around the dinner table at Christmas, or yourself at 4 o'clock in the morning as you sit rocking in front of your screen watching charts. Because who ever said crypto wasn't a healthy social experience!?


    So without further ado, pull up your socks, pour an alcopop and put down your fidget spinner, because I have just the video for you -- "Ripple Tech Talk: Understanding Consensus (Mar 2015)"  by in-house genius @JoelKatz
     
    (Length: ~60 mins;  Difficulty: 3/5;  Importance: High)
     
  3. Like
    will4star got a reaction from hotpocket in New(ish) to Ripple? Here's a refresher course on how it works.   
    Good morning all!

    Have you recently heard about Ripple? Are you deciding if you should invest some of your hard-earned money in XRP? Or have you been around for many years, holding and enjoying the recent price rises? Whoever you are and where ever you're from, it is important to keep up-to-date and know exactly what you're investing in so you can make sound decisions, and not be swept away in the feverish torrents of hype that do so often engulf the crypto space. So I will be posting a few videos and links here from around this wonderful forum, Youtube, and various other places around the interweb so good folk like to can refresh your knowledge on all things Ripple. At the end, there will be an exam, and if you fail that exam @karlos will ban you from the internet,  there may even be a few fun little quiz questions you can ask your soon-to-be-estranged friends around the dinner table at Christmas, or yourself at 4 o'clock in the morning as you sit rocking in front of your screen watching charts. Because who ever said crypto wasn't a healthy social experience!?


    So without further ado, pull up your socks, pour an alcopop and put down your fidget spinner, because I have just the video for you -- "Ripple Tech Talk: Understanding Consensus (Mar 2015)"  by in-house genius @JoelKatz
     
    (Length: ~60 mins;  Difficulty: 3/5;  Importance: High)
     
  4. Like
    will4star reacted to P3T3RIS in XRP UNITED - The First Full XRP Based Exchange now LIVE   
    Hi @hammertoe
    the difference is that we use XRP the BASE and only XRP the BASE  in the exchange.
     BTC is 14000 XRP on BTCXRP pair
    ETH is 500 XRP on ETHXRP pair
    FULL XRP BASED EXCHANGE means that and hopefully this clears what we’re offering.
  5. Like
    will4star reacted to xrpzilla in XRP UNITED - The First Full XRP Based Exchange now LIVE   
    Lolwut?
    My favorite part of the website, under the Risk Warnings...
     
  6. Like
    will4star got a reaction from orcablue in New(ish) to Ripple? Here's a refresher course on how it works.   
    Good morning all!

    Have you recently heard about Ripple? Are you deciding if you should invest some of your hard-earned money in XRP? Or have you been around for many years, holding and enjoying the recent price rises? Whoever you are and where ever you're from, it is important to keep up-to-date and know exactly what you're investing in so you can make sound decisions, and not be swept away in the feverish torrents of hype that do so often engulf the crypto space. So I will be posting a few videos and links here from around this wonderful forum, Youtube, and various other places around the interweb so good folk like to can refresh your knowledge on all things Ripple. At the end, there will be an exam, and if you fail that exam @karlos will ban you from the internet,  there may even be a few fun little quiz questions you can ask your soon-to-be-estranged friends around the dinner table at Christmas, or yourself at 4 o'clock in the morning as you sit rocking in front of your screen watching charts. Because who ever said crypto wasn't a healthy social experience!?


    So without further ado, pull up your socks, pour an alcopop and put down your fidget spinner, because I have just the video for you -- "Ripple Tech Talk: Understanding Consensus (Mar 2015)"  by in-house genius @JoelKatz
     
    (Length: ~60 mins;  Difficulty: 3/5;  Importance: High)
     
  7. Sad
    will4star got a reaction from The_HODLing_Unicorn in Ripple - Open Banking IFGS 2017   
    I think this was a great presentation from Danny! It seems like each time they tweak and slightly hone the message too which is nice. As remember @Rchopra, this is a presentation, a mini-lecture, and not a press conference or announcement. Just because we know everything about Ripple minus the colour of Brad's underwear today, it doesn't mean everybody else in the world does. 

    That panel was really good too. The chair was a pain sometimes, but the panel was good...
  8. Haha
    will4star got a reaction from NightJanitor in Where do you see ripple in 10 years?   
    Bob's your uncle.
  9. Haha
    will4star got a reaction from BuyTheTruthAndSellItNot in Where do you see ripple in 10 years?   
    Bob's your uncle.
  10. Thanks
    will4star reacted to Chewiecoin in What happened to the zerpening thread/Club?   
    Whilst I understand your comments too many trolls were lurking in the Zerpening and it was become as toxic as the other areas of the forum. Anyone who wants to be invited to the Zerpening can be by contacting one of the clubs mods like myself, @RegalChicken, @Ripple-Stiltskin, @zenkert Or @Snoopy. We just ask for 25 posts to ensure you aren’t a troll. We have admitted dozens of new members since the club went private. 
    I also disagree with your comment that club members are not participating in other areas of the forum, we do and regularly. I am on there all the time, I know this due to the battle scars I have suffered from the FUD Patrol. I do this deliberately so the new members can see that we are not full of FUD in here. 
     
  11. Like
    will4star reacted to Zedy44 in Roger Ver apologies to Ripple on Twitter   
    A repost from a couple weeks ago, but yes it's always good to see Roger and any people of influence in the digital asset space offer corrections and/or respect to Ripple's team.  It goes a long way to building reliable communication with the rest of the players in the digital asset arena.  Ripple still comes off as pretty much the only project who wants not only themselves to succeed, but everyone else and their respective projects to succeed as well.
  12. Like
    will4star reacted to CWAQRGEN in XRP Public QR Code Generator   
    Hello all. I have made a website where you can generate your custom public xrp qr code for your ripple wallet address.
    https://cwaqrgen.com/xrp
    Cheers
  13. Like
    will4star got a reaction from Asheejeekar in XRP valuation $334.47   
    Perhaps - But I think she fundamentally misunderstood the fact that $2.7tn being 'saved' (or rather, released) thanks to xRapid equates to $2.7tn flowing through XRP. It does not. Much of the total $27tn is contingency, but this isn't to say the value flow through XRP will necessarily be less. Who knows?

    But mores the point -- if I pass $2.7tn through 100bn XRP, but in millions of different chunks over the course of a year, that is NOT the same as paying $2.7tn for 100bn XRP in one go. Point being, the 'recycling' (or velocity) will come into play and the unit price will likely be substantially lower. In any case, she seems to be conflating use of XRP as an institutional investment option with her price prediction, and the use of XRP as a liquidity tool that she bases it on. I don't believe they are directly connected.
  14. Like
    will4star got a reaction from tar in XRP valuation $334.47   
    Perhaps - But I think she fundamentally misunderstood the fact that $2.7tn being 'saved' (or rather, released) thanks to xRapid equates to $2.7tn flowing through XRP. It does not. Much of the total $27tn is contingency, but this isn't to say the value flow through XRP will necessarily be less. Who knows?

    But mores the point -- if I pass $2.7tn through 100bn XRP, but in millions of different chunks over the course of a year, that is NOT the same as paying $2.7tn for 100bn XRP in one go. Point being, the 'recycling' (or velocity) will come into play and the unit price will likely be substantially lower. In any case, she seems to be conflating use of XRP as an institutional investment option with her price prediction, and the use of XRP as a liquidity tool that she bases it on. I don't believe they are directly connected.
  15. Like
    will4star got a reaction from tar in XRP valuation $334.47   
    ^ This.

    The cash flow going through xRapid (& thus XRP) would be the value of the on-demand payments made between FI's that don't have existing credit lines with one another (i.e. it would be cheaper & easier than establishing a new one) and/or where the liquidity between the two currencies is low -- NOT the value of the nostro/vostro account being held. It serves as a rough gauge, but nothing else.

    It's also worth remembering that the volume of int. txs made in real time using xRapid could quite easily increase exponentially - so there is no static figure to base a price prediction on. And setting it to 2 decimal places, in my opinion, is pretty silly (esp. when she makes other rounding errors elsewhere ><).
     
    @OzAlphaWolf -- I get your point, but I just assumed she was making a mistake and meant to say a 10% uptake of xRapid - not xCurrent. In that case, her explanation makes more sense.
     
  16. Like
    will4star got a reaction from Tripple in XRP valuation $334.47   
    Perhaps - But I think she fundamentally misunderstood the fact that $2.7tn being 'saved' (or rather, released) thanks to xRapid equates to $2.7tn flowing through XRP. It does not. Much of the total $27tn is contingency, but this isn't to say the value flow through XRP will necessarily be less. Who knows?

    But mores the point -- if I pass $2.7tn through 100bn XRP, but in millions of different chunks over the course of a year, that is NOT the same as paying $2.7tn for 100bn XRP in one go. Point being, the 'recycling' (or velocity) will come into play and the unit price will likely be substantially lower. In any case, she seems to be conflating use of XRP as an institutional investment option with her price prediction, and the use of XRP as a liquidity tool that she bases it on. I don't believe they are directly connected.
  17. Like
    will4star got a reaction from Benchmark in XRP valuation $334.47   
    ^ This.

    The cash flow going through xRapid (& thus XRP) would be the value of the on-demand payments made between FI's that don't have existing credit lines with one another (i.e. it would be cheaper & easier than establishing a new one) and/or where the liquidity between the two currencies is low -- NOT the value of the nostro/vostro account being held. It serves as a rough gauge, but nothing else.

    It's also worth remembering that the volume of int. txs made in real time using xRapid could quite easily increase exponentially - so there is no static figure to base a price prediction on. And setting it to 2 decimal places, in my opinion, is pretty silly (esp. when she makes other rounding errors elsewhere ><).
     
    @OzAlphaWolf -- I get your point, but I just assumed she was making a mistake and meant to say a 10% uptake of xRapid - not xCurrent. In that case, her explanation makes more sense.
     
  18. Like
    will4star got a reaction from jlr in XRP valuation $334.47   
    Perhaps - But I think she fundamentally misunderstood the fact that $2.7tn being 'saved' (or rather, released) thanks to xRapid equates to $2.7tn flowing through XRP. It does not. Much of the total $27tn is contingency, but this isn't to say the value flow through XRP will necessarily be less. Who knows?

    But mores the point -- if I pass $2.7tn through 100bn XRP, but in millions of different chunks over the course of a year, that is NOT the same as paying $2.7tn for 100bn XRP in one go. Point being, the 'recycling' (or velocity) will come into play and the unit price will likely be substantially lower. In any case, she seems to be conflating use of XRP as an institutional investment option with her price prediction, and the use of XRP as a liquidity tool that she bases it on. I don't believe they are directly connected.
  19. Like
    will4star got a reaction from Gepster in XRP valuation $334.47   
    Perhaps - But I think she fundamentally misunderstood the fact that $2.7tn being 'saved' (or rather, released) thanks to xRapid equates to $2.7tn flowing through XRP. It does not. Much of the total $27tn is contingency, but this isn't to say the value flow through XRP will necessarily be less. Who knows?

    But mores the point -- if I pass $2.7tn through 100bn XRP, but in millions of different chunks over the course of a year, that is NOT the same as paying $2.7tn for 100bn XRP in one go. Point being, the 'recycling' (or velocity) will come into play and the unit price will likely be substantially lower. In any case, she seems to be conflating use of XRP as an institutional investment option with her price prediction, and the use of XRP as a liquidity tool that she bases it on. I don't believe they are directly connected.
  20. Like
    will4star reacted to tar in XRP valuation $334.47   
    Indeed @OzAlphaWolf. Everything she assumes for her calculations is far from reality.
    There is no cash flow of 24 trillion $.
    Actually (in 2015) there are 27 trillion $ which are outstanding balances on transactional accounts (see here). I am not even sure if that is the sum of all nostro account balances and even if so: then only a part of that is actually used regarding cross-border payments.
    Banks do not save 30 to 60 % of 27 trillion $.
    In fact, they can use the amounts of their nostro accounts for other purposes if they would adopt xRapid.
    Ripple does not get a 10 % fee out of those 27 trillion $.
    If banks adopt xRapid they have to pay a (monthly?) software licence and some maintenance costs to Ripple. For every xRapid transaction there is an XRP fee (a very small portion of XRP got destroyed) and a fee of the intermediaries (market makers that buy and sell XRP), as far as I know. But Ripple itself is not involved.
    XRP utility calculations have to consider demand & supply within the settlement time.
    One has to consider that only a maximum part of the actual cross-border payment flows are affecting XRP as they are instantly sold again within the settlement process. Therefore maximum demand amount within the settlement time and the actual offered XRP supply have to be considered when it comes to utility calculations for XRP.
    Please correct me, if I am wrong - but so far, most assumptions regarding nostro replacements by XRP are just false. Nevertheless, XRP will not only be used for the nostro replacements but also for many other cross-border payments where any type of value needs to be transfered (see Internet of Value). Within that lies the high utility pricing potential.
  21. Like
    will4star reacted to mandelbaum in Ripple Scrutinized Over XRP at U.K. Parliament Hearing   
    The strategy of the old guard is clear:

  22. Haha
    will4star reacted to OzAlphaWolf in Ripple Scrutinized Over XRP at U.K. Parliament Hearing   
    There are obvious factual errors in there and I can't decide if he and his FT co-writer (everyone remember how FT like fudding XRP?) are just sloppy or brazenly deceitful.
    Not only does it contain errors but the entire tone of the written submission is immature and unprofessional. I'd expect that level of writing from a 14 year old Bitcoin maximalist, not proffered as substance and meaning to a government body looking to form policy.
    Ps. I've gone further and told him so. Credit to @Captain_Marbles. I really just wanted a good target to point 'bloviations' at.
     
  23. Like
    will4star reacted to scoobysi in Ripple Scrutinized Over XRP at U.K. Parliament Hearing   
    Just watched it all & I was quite impressed by how on the ball the politicians were & I would definitely treat as a positive exercise for ripple/XRP even allowing for us always seeing the glass half full as we like to
     
    Even when Ryan was getting the loaded security question despite repeating the ripple doesn't control XRP message a little too often he seemed to have the positive acknowledgement from the MP's in his response.....
  24. Like
    will4star reacted to stickmonster in Ripple Scrutinized Over XRP at U.K. Parliament Hearing   
    Full marks for squid analogy and use of the word 'bloviations'
  25. Like
    will4star reacted to stickmonster in Ripple Scrutinized Over XRP at U.K. Parliament Hearing   
    Sadly many politicians are 'general practitioners' so don't possess a deep level of understanding on specifc topics, certainly not an understanding of blockchain that investors like us have already acquired. 
    I'm watching start to finish now and so far the questioning has been quite perceptive, and I'm encouraged  Ripple have had a chance to influence Parliament in this way.
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