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About Paradox

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  1. Lol at all these comments regarding staking / rewards. None of that matters without actual utility. Otherwise it’s just inflation of a speculative asset. Ripple’s progress should be reflected in the XRPL metrics as utility usage ramps up. However, admittedly the numbers do not look encouraging at the moment
  2. I think you will be surprised with the outcome. Ripple has too many powerful people backing it and very close ties with the treasury department. I’d think you’d have to be pretty naive to believe these people would work for and actively support an illegal securities operation. Optically, it looks like Ripple already has the tacit support of the US government. We’ll find out more after Jan 15th.
  3. If @Cooliozxrp, @longhodler, @Freaky and of course @codiusrex spent half as much time doing something productive rather than posting continually asinine and whine-riddled posts, they wouldn't need XRP to be rich! Hope you guys get a nice big hug soon and feel better. Keep up the good work @Hodor!
  4. Don't listen to @Cooliozxrp, he/she has no idea what he/she is talking about. David addresses this question directly here: https://www.quora.com/If-a-large-amount-of-banks-were-to-adopt-xrapid-and-started-using-xrp-how-would-that-impact-the-tokens-value/answer/David-Schwartz-9?srid=uwf7 And answers implicitly here:
  5. I have posted these thoughts before on other parts of the forum, but I wanted to get a general feel from others if my thoughts are misplaced: Since MoneyGram (MGI) announced its partnership with Ripple and its intent to use xRapid, its stock price has jumped ~155% and is currently up around 10% so far this morning. Now yes, a significant amount of this price bump may be due to speculation - however if you have done your research and read Ripple's XRP cost savings paper, you will understand that the use of xRapid can significantly lower cross-border transactional costs which will ultimately benefit the company's bottom line. However - that isn't my point. I also expect to see what I will refer to as the "Ripple Effect" occur in the traditional markets as more publicly traded companies partner with Ripple. The massive rise in stock price must be getting the attention of other players in the industry. MGI is really the first example of how just partnering with Ripple can drive shareholder value. However, it remains to be seen if this effect will be long-lived. What do you all think? Do you think the effect Ripple has had on MGI's stock price will be an additional incentive for other public companies to hop on board? I am curious to hear your thoughts.
  6. On second thought @Sukrim, I now see why you have taken issue with this claim - it seems you have been down this road before. It seems to have touched a nerve.
  7. For MainNet? I'm not sure it has been definitively tested, but it has been claimed by several Ripple engineers that the RCL is capable of ~1500 TPS. As such, this is the best data I have for the claims I have made. Do you have any thing to add? The post below by Mark Travis is a great read (if you haven't already read it) which goes into detail on the benchmarking done: http://highscalability.com/blog/2017/10/2/ripple-the-most-demonstrably-scalable-blockchain.html Here is a similar claim from the developer site at XRPL.org: https://xrpl.org/blog/2017/ripple-consensus-ledger-can-sustain-1000-transactions-per-second.html And finally public acknowledgement by Ripple employees:
  8. Can you show me the TXID for your transaction so I can see it on-ledger? I have never seen that personally in my experience with the XRPL, especially since we have acheived nowhere near peak network use yet as far as I can tell.
  9. Extremely unlikely. The XRPL has been operating nowhere near its max TPS capacity. This is likely user error.
  10. If my posts came off that way, that was not my intent. I certainly did not intend to question your investment choices (especially since I made the same investment ). I am clearly comfortable with risk, or else I would not have been sticking around for 2+ years. The intent of my post was simply to point out that despite all the positive relationships and xCurrent customers on-boarded by Ripple (which you had mentioned in your post), actual utility-based volume remains conspicuously low. I had no intention of commenting on your personal investment choices.
  11. Who said anything about speculation? I am commenting on factual occurrences not "speculation". In a similar vein, how is crypto "obviously not my thing?" I guess I will add that one to your long list of assumptions...
  12. Everything you just listed is an assumption or inference about XRP adoption, not actual adoption. If we look at the actual XRPL and companies that have actually adopted xRapid, very little xRapid volume is occurring. Despite all the confirmed (20 plus) xRapid customers.
  13. Many here, including myself are not frustrated because of price, but rather the lack of realized utility. I could care less what the price of XRP is if there was any detectable level utility-based volume occurring on the ledger. The proof is on the ledger - and so far there isn't any. Remember 1,400 strong Catalyst Corporate Credit Union? Where is the volume? Marjan recently said there are more than 20 financial institutions using it, yet no meaningful volume on the only two xRapid enabled exchanges in xRapid destination countries - Coins.PH and Bitso. Ripple has also continuously pivoted on XRP's specific bridging purpose. First, it was to replace the "27 trillion" sitting in the nostro/vostro accounts of banks - but XRP did not have the liquidity, adoption, or regulatory clarity to make that a reality. Now it is being positioned only as a liquidity solution for remittance into two exotic corridors and has admitted that banks are not adopting it yet. While its a good place to start, even if XRP captured the full global remittance total into the Philippines, it would only amount to about $79 million a day in volume on average. ($28.9B / 365) Sure, more corridors could be opened in the future - but this would require the creation of trustworthy exchanges with local fiat rail connections to be on-boarded as xRapid partner exchanges and all of the other ancillary work that goes into building the necessary infrastructure. Don't get me wrong, I still have faith in XRP long term - however for reasons I have described above (along with SBI continually delaying and the disengagement of Ripple staff from the wider XRP community) I have become irritated. All of this is going to take a lot longer than people think.
  14. No worries. It does look shocking right off the bat just based on the number though.
  15. Did you even look at the graph? 5.74 billion of the volume is from a single transfer of the REP token from Gatehub Fifth: Its probably just a glitch.
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