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WrathofKahneman

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WrathofKahneman last won the day on January 11

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  1. N.Bougalis commented on Twitter to the effect that it's a web design thing. He has steered people to http://livenet.xrpl.org for more accurate report. (over my head here but I seem to recall an explanation that Ripple page pulls data sporadically, not the live stream like the above address, which also causing the occasional weird result? Something like that <waves hands in air> )
  2. If by "burn" you mean destroy, then I would completely disagree. Nothing will sink the value of a coin that purports to be neutral, immutable and trustworthy faster than the company holding the escrow unilaterally deciding to wipe 45% of it out. Were it not attached to IBM, no one would talk about XLM anymore; volume is abysmal. In the short term burns benefit holders, but what company or central bank would want to touch that? They have a public, cryptographically secure process to sell escrow in measured quantities and an organization full of financial/government figures. This stability and the pressure any crisis puts on banks to increase profits will help them weather the storms ahead.
  3. This is insane. Ripple is being sued. At issue is whether they are a security. They are not required to make any particular case, only to win it. If it comes to it, the courts can rule on the category of investment, but Ripple is not compelled to do so, especially if they can win their case on procedural grounds.
  4. I'm not sure what you mean by Ripple building a regulatory network; I think they have a model that will work under the various regulatory regimes coming together. MGI was a move that works because they already have approval in a great many places. I don't know they are building national policies for other people, though. At some point hopefully, they will become so important that regions want to create regulations that RIpple will work under, which seems to be the gist of that quote form Armstrong.
  5. I think I have a rough estimate in my head of 2023. At that point, without significant use gains I will grow concerned, but the scope of RIpple's ambitions have been enormous so I can give it time.
  6. Yeah seems so, and also the case Ripple has made all along.
  7. Fascinating article, thanks for sharing it! The author's knowledge of the remittance world is very helpful even if they don't follow crypto. Their basic point seems to be MG has been mismanaged and Ripple will not save them because at best it only frees up about $50m in cash they must keep on hand. This seems like a reasonable opinion from someone who understands transfer companies. He really makes this clear in one of the comments at the end answering the question, "Will Ripple save MoneyGram," Like others have mentioned, I don't think they understand that the much shorter trade window times reduces volatility overall, and the discussion quickly slides into the volatility of MGI's stock price that is a result of the "XRP Army" buying XRP. This did not make sense. I would like to know if/when Ripple is not paying them to use corridors, how much cheaper the atomic TX costs are using Ripple compared to using cash as well as holding it. The 2 conversion issue is an interesting point. It really asks the question, "how is XRP different than fiat?". My hunch is that because they are digital and atomic, there are a lot of other hidden, sunk costs that they eliminate making them cheaper overall. @opaopa makes some interesting points, but I'm curious how some of the things @BobWay said about the margins for market makers might counter this, and whether or not MGI can be considered one. The author seemed annoyed at the vague but promising mentions of RIpple in earnings reports, but to be fair there have only been two that mentioned Ripple. I think Q4 will tell a different story as more corridors open, but I have no doubt MG is a troubled company. I think of it as a great way for Ripple to purchase regulatory compliance. Final thought: The description of the MG - Ria battle is fascinating and eye opening, even moreso now that Walmart has officially brought them together on their Walmart2World platform. It reinforces my belief that Walmart is going to play a big role in Ripple's growth eventually.
  8. Thanks, that is a great read - much more revealing than the report itself. This seems promising, As does this; it's a really good ad for Ripple's vision.
  9. I don't think it's the letter, which was publicly released. Some of those folks were suspended for "impersonating" themselves which sounds like Twitter's own poorly executed police-bots, perhaps in combination with all the scam accounts tagging along these days..
  10. (Note - I was in too big a hurry: MC is not a Ripple investor)
  11. Update: Mastercard, a Ripple investor, has pledged $500 million next year, $2 billion over 5-6 years to Egypt. In particular they are going to help the government with advanced digital payments infrastructure, e-payment services and SME funding. Source: https://alborsaanews.com/2019/10/16/1255453
  12. They are not using XRP but liquidity could be sourced from MoneyGram Pakistan, for instance, in local fiat. They are not allowed to hold the digital asset yet. http://moneygram.pk/
  13. I don't know the specifics of the LG initiative yet, but I suspect the Ripple advantages are the familiar ones; interoperability, liquidity and speed. Payments in chat are already here, and XRP makes great sense for people sending money home over chat across borders. The same seems true between companies across borders. None of the companies would have to keep foreign currency on hand if they can source it almost instantly at an XRP gateway (MGI, maybe?) And of course, instant settlement. A purchase that involves XRP is immediately settled, dispensing with a lot of complicated payment rail infrastructure. This helps companies forecast their finances much more accurately instead of waiting for netted sums in the pipeline. For the telcos this is especially attractive given how many towers and charges a single call during a daily commute can hop different networks, especially travelling across borders. Using blockchain to track & reconcile the charges and settle with XRP would be attractive for its liquidity and foreign currency settling. It also seems like a helpful setup for streaming payments as well. It's a good question - I hope we get to see real world answers!
  14. Thanks to @xrpNuts (Twitter) who found this in some of the Ripple literature for a telco conference. They claim Top-15 telcoms are engaging & implementing. Further evidence they are involved already. https://imtconferences.com/?wpfb_dl=49
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