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miguel last won the day on August 12 2017

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About miguel

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    Head of XRP Markets

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  1. I'm right here guys. Sorry haven't been more vocal lately. Just plugging away!
  2. Apologies it was a little late. Just a lot going on! Hope everyone is well out there and thanks for the support as always. It's been humbling to see you guys come to bat for us when some have questioned the company. It doesn't go unnoticed and is incredibly appreciated. Thank you!
  3. Jet lag is real guys!!! It was also very hot on stage, which didn't help. Not my best performance for sure. Very glad the team was there to tackle some of the questions. Great night though and glad we did it. Will be the first of many in Seoul.
  4. Promise I'll sit up straight...but in my defense, the cushions on those chairs were very soft!!!
  5. No small people, no big people. Just a bunch of people crazy enough to throw caution to the wind and try to do something that's never been done before. Fwiw, this community is incredibly important to Ripple's success and is a real motivator to many of the folks at Ripple. Thank you for all the support!
  6. Fits and starts guys. There's a lot of noise out there so I understand it can be frustrating and confusing. Our path was never going to be a short one. We work with enterprises so the pace is slower but the payoff will be worth it. What I would say, it's a little disappointing to hear complaints about XRP not appreciating fast enough, as if it were simply some get rich quick scheme. I don't mean to sound naive, but it's such a stark difference to how I and everyone else at Ripple thinks about XRP. Our vision is literally world changing, and the last thing we are worried about is the price going up. That's a forgone conclusion if we continue to focus on the work, which is exactly what we're doing.
  7. I think I'm missing something. In that scenario there should be actual payments being made in XRP. How is that bad for Ripple? Sent from my Nexus 6 using Tapatalk
  8. Hey guys, So yeah I'm a little confused why the RMG announcement caused such a fuss. It seems at some point someone in this community connected the dots between CME and Ripple and assumed the RMG project would happen on RCL? I know for a fact Ripple never made the claim, mostly because when I was at the CME I worked on the RMG project a little bit. If I remember correctly, no fully public blockchain was ever considered for that project. As an aside, I have to commend the TRM team for choosing some really great partners to work with. Bitgo in particular was a really great move. Lastly, remember that we are laser focused on cross border payments and often we get pitched ideas and turn them down because they don't fit what we are working on. As for the CME not supporting us, we have a GREAT relationship with them and if something makes sense for us to work on we'll make it happen. That's a big organization with tons going on so I'm sure we'll have ample opportunity to work together. Hope everybody's doing well.
  9. @RDS You set your expectations high. We'll do everything we can to surpass them.
  10. Hi All, Apologies for not being around much over the last few days. The volatility in the price has created much interest and work, both internally and externally. As for the program on Bitstamp, I think the one thing we could have done better is set expectations with respect to how much volume the programs could support. There was a budget and that budget ran out more quickly than was anticipated so the programs ended more quickly than anticipated. In the future we'll make sure to disclose that programs can end sooner should volumes increase significantly. As for whether or not it was successful, I think it's a little early to tell because of the spike in volumes across the board. In some respects it's a good problem to have, but it makes assessing the effectiveness of the program difficult to measure. For what it's worth, I do not think the announcement of the program had much, if anything, to do with the activity last weekend. The market had been building momentum for a few weeks before the spike on Sunday, and most of the activity was on Poloniex. Lastly, it was largely my call to incentivize XRP/BTC, and I had mixed feelings about it. On the one hand, XRP/BTC volume is not the goal for XRP. I've been very clear that in order for XRP to become the standard for international value transfer it will need robust fiat liquidity. Yet, it may be too early to focus solely on fiat. Currently the majority of flows into the digital asset space occur through BTC and not leveraging that felt like a possible missed opportunity. Hope that helps and as always thank you for the interest in all of this. It always feels good to know we're not alone. Hope everyone has a great weekend.
  11. @dfault123 Stay tuned! Sent from my Nexus 6 using Tapatalk
  12. Guys this role reports to me on the XRP team. All good. Not leaving! It's further proof of Ripple's commitment to XRP. Sent from my Nexus 6 using Tapatalk
  13. @papa I don't think we would need to lock it up cryptographically for that to happen. Putting it into a trust and issuing shares would be legally sufficient I think. That's a lot of work though and not our core competency. We're better served by continuing to focus on developing tools, partnerships, and markets that help XRP's usage grow. That said, if someone wanted to create such an investment vehicle we could fund it with our holdings.
  14. @tomb I'm going to answer your question on regulations as I think it's one of the most important components of eventual digital asset success. I'm not sure if XRP has a natural regulatory advantage over other digital assets. However, I am absolutely sure that regulatory compliance and advocacy are central to our strategy for XRP. We understand that for XRP to be successful we will need regulatory certainty. Sent from my Nexus 6 using Tapatalk
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