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  1. Ever since I rejoined the forums, I sometimes get private messages in regards to forming a new CAD gateway. In this thread, I am asking the community to provide some suggestions and feedback to determine if a new gateway is feasible. I was asked if I would perhaps perform a crowd funding round from the XRPchat community to bootstrap a new Gateway, which I will touch on later. The first thing that I would need to do is set up a new issuer, requiring about 500 XRP to cover OwnerCount objects in the ledger from trust-lines and to activate new ripple accounts who are coming to the Gateway in addition to providing some small amount of XRP to the market making account to cover the major order-books so that payments can find paths. Second, I already have a domain name registered until 2023 and I have the ability to host a website via shared hosting on the monthly basis but this means I will not be able to host an instance of rippled as I will not have enough resources to run it on the package I have available. Third, I would require capital to purchase silver for remittance over the RCL, as all of my gateways in the past have been focused on cryptos, fiat, and precious metals with precious metals being the focal asset class offering for all of my Ripple Gateways to date. This would be about another 600$CAD (or more) so that I could purchase a tube of silver rounds for remittance. As for crowd funding to jump-start a new Gateway, if the official forums were still up, I could point all of you to the postings in which I mention the crowd funding rounds that I already completed in the past via the NXT blockchain. The major problem with a crowd funding round is how do I provide value to the backers of the crowd fund? At first the NXT asset was providing 45% of the profits derived from the gateway calculated in NXT then shared to the XAGATE asset holders on that blockchain using their pay dividends function but I was still the majority share holder of the assets so I was receiving 51% of the dividends paid as a kickback for not selling my company's equity so easily (I forget the price per asset but it was set pretty low). With all of this being said and done, I invite you to take a look at https://streetsofsilver.website to view the fee schedule this Ripple Gateway will launch with. Please note that USD withdrawals will be done via wire transfer and that is why the withdrawal fee is set so high; If I am able to find a way to reduce this overhead I will be able to reduce the fee drastically when/if this Gateway launches. That is all for now folks, please, provide me with your suggestions and feedback as to how I may be able to provide some value to the interested parties who may want to crowd-fund this project! EDIT: Someone pointed out via PM that the deposit fee for Ethereum on the site was listed as 0.1 ETH per deposit which is a preposterous amount, the actual deposit fee is 0.01 ETH, that was a typo.
  2. -------- Bitcoin Trips At Its First Major Test https://www.forbes.com/sites/simonconstable/2018/02/07/bitcoin-trips-at-its-first-major-test RBC detects a fledgling relationship between bitcoin and gold https://www.cnbc.com/2018/02/07/a-relationship-between-bitcoin-and-gold-exists-rbc-analyst-finds.html Bitcoin Mining Is Potentially More Energy-Intensive Than Gold Mining https://motherboard.vice.com/en_us/article/a34gjb/bitcoin-mining-more-energy-intensive-wasteful-than-gold-mining -------- Takeout? Bitcoiners are fast running out of arguments!
  3. I see the option to trade xrp for xau (bpg) on gatehub, but I don't see how to add a gateway for it. I have found links to the bpg website as well as another website called gbi. Has anyone ever received physical gold from either? Very curious as both websites seem pretty outdated. https://bpgrefining.com/ http://www.bullioninternational.com/digital-physical-gold/
  4. This is my first post on this forum, so I'd like to take this opportunity to express my gratitude to the members of this great community and my privilege to be part of the XRP army. At the outset, I generally do not condone baseless speculation. However, 1. I don't consider the facts below as "baseless", and 2. I'm merely raising a question to anyone in the forum with macroeconomic insight. With the advent of the Petro-Yuan futures a few days ago, the efforts and intentions by China are clear: to internationalize its currency and force its trading partners to accept Yuan for its oil purchases. What's more, since some of the oil exporting nations are hesitant to sell their product in Yuan, China is making gold convertible to Yuan as source liquidity for the oil purchase. Some economist say it is the beginning of the end of the petrodollar, others say the price of Gold will skyrocket. I'm not an economist so I wouldn't know, but the purchasing mechanics of this revelation in oil commerce sounded all too familiar to me when I first read about it; i.e. Fiat -> gold -> Fiat for oil. An increasing gold value will not only come naturally, but "a higher price/liquidity also means we can target higher value payments" - to use the words of the great @JoelKatz At the same time, we know that Ripple is progressively pursuing a position in China. From the latest @Hodor blog: "..understand that China just decided to opt for a licensing approach for fintech firms wishing to enter the payments space in China". A move that would legitimize/institutionalize the Chinese adopted fintech infrastructure of the future. Hodor continues: "I think this move by China’s regulatory bodies is a direct result of momentum that has clearly been building behind Ripple’s strategy of closely advising the worlds’ central banks", "[Ripple] has also hosted a delegation from China’s central bank" For those that don't know, China is the world's largest importer of oil with not nearly enough gold to back up their oil demand. To continue listing of relevant facts, Saudi Arabia (incidentally the world's largest exporter of oil) and its central bank, SAMA, have signed a deal with Ripple back in February to manage cross-boarder payments. The Arab Exchange Market Secretary General, Fadi Khalaf, said that United Arab Emirate banks are aiming for a similar agreement. (UAE is the 5th largest exporter of oil). Im not trying to prove what is probably a non-existent connection. My questions are the following: Are we witnessing a blockchain-backed, oil commerce infrastructure in the making? (Does that even make sense?) Knowing that China might soon no longer buy oil in any currency except its own, and for the oil exporting nations that will shy away from accepting Yuan as a payment, would China lose out or benefit from utilizing a digital asset to source liquidity for oil trade in lieu of gold? What role could XRP play and what impact would it have on the exporting States? China is responsible for 8 out of 45 millions barrels a day of global oil imports, with oil futures trade being 30x the physical oil trade. At 65$ a barrel, what would that daily volume do to the XRP price? Hope to get some insightful feedback and good discussion. In the meantime (3 days later) this: https://cryptodaily.co.uk/2018/04/ripple-partners-bpg-emetal-digital-stock-exchange-metal/ #justsaying
  5. Information for our US customers: you are no longer required to submit information to customs control for larger withdrawals of gold bullion - upon your request all gold bars (redemption of XAU into physical gold bullion on Gatehub) will be shipped domestically either out of #NYC or #Dallas. We have soft-launched the service so your gold bullion will be dispatched within 3 days.
  6. Since we know the world is round we can see, the phenomena our ancestors upon would disagree, Our (mis) fortune this day in age is our technology, but has it gone a bit too far beyond what we can see? ~Me (right now, instantaneously, I know) Disclaimer!! I diagnosed myself with advanced multi-personality disorder. Nice to meet you.... At any rate I do have a subject that I have not seen addressed here and would love to see some input/thoughts/ideas. I used to believe that stacking precious metals was the way to go. If anybody has followed the PM market (generally referring to gold and silver) they would know that the market has been relatively stagnant if not down right awful the past several years.... BAM!! SMASH!! KAPOW!!! The birth of Bitcoin... followed by these alt-coins... freaking amazing, exciting, confusing!!!! Take it from me, there are some die hard stackers out there that are pretty upset about what is going on in this crazy market.... Personally, I feel it is important to diversify and have done so..... What do you all think about stacking precious metals? I think there are several PM stackers that refuse to allow their brains to legitimize the bitcoin frenzy and might be doing themselves an injustice by ignoring what technology has bestowed upon us... any stackers out there? Any anti-gold/silver stackers out there? What is it all about Alphie?
  7. Have you heard the story about "Bitcoin Sign Guy?" If not you should read my latest blog! It's about how XRP investors can help promote XRP with swag... and even gold bronze, silver and gold coins?! I talk a bit about guerrilla advertising and then discuss the latest coin promotion that @Mercury is helping to organize. The official press release is contained near the end of the blog. Hope you enjoy the read - please leave any feedback on this thread & as always, please feel welcome to share or link to my blog on any other media (and thanks for doing so!) My blog announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  8. How Do We Measure Value? With the recent price increases for Bitcoin, Litecoin, XRP, and other crypto-currencies, I began to think about how value is measured. Ripplecharts Eye Candy When I look at Ripplecharts, my eye is inevitably drawn to the conversion into USD. I've used US money all my life, and ever since I was a child, I always thought of value in terms of dollars. But I'm old enough to realize that a current US dollar is nowhere near what a dollar from 1990 was worth. Inflation has been tracked since 1920, but it became the "norm" after the gold standard was abolished by the U.S. in 1930. The U.S. wasn't alone in the decision, by the way; most European countries abandoned the gold standard at about the same time, opting for the flexibility that printing new money provided. Because of this, investors in a country's bonds (debt) keep a close eye on a country purposefully printing more money to devalue the currency - thereby introducing a back door method to paying off debt - just printing more of the currency. Now let's talk about and exciting topic: inflation. Inflation To measure inflation, the US Bureau of Labor Statistics compiles statistics on what a "basket of goods" costs for consumers. This forms the basis for what's known as the Consumer Price Index (CPI). Long story short, the value of a dollar keeps declining, and the number of dollars spent for the same items goes up over time. Are the items getting more scarce? No, in fact, there's usually more of the same types of items available now than in the past. So if you think in those terms (supply of products going up, not getting more scarce) then the inflation rate is even more shocking. Here's the chart of inflation since it's been tracked on a consistent basis, starting in 1920 (US): If you consider only an average inflation rate of 3% per year, that means that the same item that you bought in 1990 for $100 dollars should now cost you: 100 * (1 + .03)^27 = $222 TL:DR version: Fiat money, including the US Dollar is subject to political and economic pressure, unlike a limited amount of crypto-currency. Beware of any crypto-currency that talks up the idea of manufacturing more due to "inflation." Investors should know what they are buying, and how much exists. Traders using a currency should know exactly how much exists. Ripple has been very clear about their limited supply, unlike other crypto-currencies out there. XRP has the potential to become the new digital gold standard for international exchanges and settlement. Sources - Links: http://www.tradingeconomics.com/united-states/inflation-cpi https://en.wikipedia.org/wiki/History_of_the_United_States_dollar http://www.investopedia.com/university/inflation/inflation2.asp?lgl=myfinance-layout https://www.bls.gov/cpi/
  9. @tomb @AmericanXRP If you both watched the entire video you will realize a) XAGATE has a unique opportunity to potentially partner with Silver Bullet SIlver Shield to create an innovative alliance we are both part of the sound money movement (what an awesome typo now it is a proper thread now!) c) we are both part of the liberty movement d) how can you not see this? f) please watch TruthNeverTold's Son's of Liberty Academy then and wake up or watch the content on his channel an perhaps reread my content then f) study monetary history and quantity currency vs sound money cyclic rotation of free market dominance. Too long for the chat box of course. Gives us all an opportunity to properly discuss. Maybe get Chris Duane, David Morgan, Mike Maloney, @JoelKatz, @nikb @mDuo13 in here too with @Vinnie (??). The absolute best PR stunt right now would be Brad and Chris to respond to this thread.
  10. Guest

    Over the Rainbow

    Really thankful for the rain in California. Called my 3 year old out and told her there was a pot of xrp at the end of the rainbow on our street today. Silly dad, it's gold she said.
  11. Today we are happy to announce a new gateway on GateHub. You can read more about it here: http://blog.gatehub.net/post/151340572932/bpg-launches-xau-trading-on-ripple
  12. Gold Bullion International is one of the first ripple gateways. They issue XAU. SBI formed a joint with Ripple to increase Ripple's reach in APAC. Although my guts say we probably won't see anything ripple-related from this partnership soon, who knows about the future? http://jftoday.com/SBI+Global+Asset+Management+and+Gold+Bullion+International+partner+to+establish+a+merger+company/
  13. Modern computer ledgers use cryptography to enable highly secure digital commodities to faciliatate global real-time transactions. While bitcoin provides perhaps the most secure digital asset on the planet its value is highly volatile and therefore inappropriate for several classes of transactions that require additional predictability in terms of purchasing power. Despite bitcoin being the most secure and liquid digital commodity most similar crypto systems exhibit many of the features that make bitcoin great such as cryptographic keys that verify ownership and digital signatures enable transactions. Other systems introduce counterparty risk in order to maintain purchasing power for holders of the commodity at some peg to a real-world entity. Instagold is an all-digital commodity designed to carry the purchasing power of gold bullion by maintaining liquidity between instagold and bitcoin, and between instagold and physical gold bullion. Instagold aims to prove that money is a socially-shared phychological construct wherein people assign value to a particular controllable item. The instagold cryptographic commodity version alpha is tracked on the Ripple global consensus ledger as XAU issued by the ripple account rfYJPE1o9sWypZPhEKZtpAyA36DbCQLYgY, with the goal of 1 XAU equivalent to the price of delivery for one one-ounce of us gold eagle coin. Use the ripple charting software to follow the market for instagold. Currently a market of two instagold is maintained and anyone can contribute to the market and trade instagold by using a ripple-enabled trading client. Instagold will serve as a building block for digital economies to root their value in gold, the world’s most highly trusted money throughout history. Of course there are incredible challenges to building an always-on digital commodity that is based in the value of gold, including counterparty risk, high availability, privacy and market integrity. Advances in decentralized software development will continue to expand the possibilities in the realm of digital commodities, and instagold is positioned to take advantage of future improvements in technology to enhance its offering and maximize the experience of using money across the world. Here is the original blog post: http://stevenzeiler.tumblr.com/post/133383924889/instagold-digital-commodity
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