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Found 6 results
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  1. https://www.washingtonpost.com/news/democracy-post/wp/2018/01/17/in-venezuela-money-has-stopped-working/?utm_term=.a708b4e333e6 I've mentioned historical examples before, but this is the latest. The suffering these people are going through is very real. This is also a great example as to why cryptos are a threat to governments like Venezuela's. Today, the people living there had to watch as their liquid assets, money, became worthless. When they tried to convert that money into hard assets, like food, they created hyperinflation so bad that almost nothing is left. In today's world corrupt governments can effectively steal massive wealth from their own populations by hyperinflation. They could also try to do so by force or taxation. If the people of Venezuela had been able to convert their money to something like XRP every time they got paid, then the hyperinflation by the government would have done nothing as the asset value of the crypto would have just risen with it. It'll get worse before it gets better, but eventually normalcy will come back in Venezuela. When it does, don't be surprised if the population there choses to hold their wealth in some form of crypto instead of the local currency. What would be amazing to find out is whether or not anyone there was able to transfer their wealth into crypto before the hyperinflation.
  2. I want to know why everyone has such a problem with thinking xrp can go beyond $100? I see it everywhere. I've read the threads about how multiple xrp will be used in large transactions to process the remittance. I understand the deflationary aspect of ripple per each transaction. But if xrp hits $100 and lets say it's at the current total supply of 99,993,667,738 then thats a market cap of $9 trillion. Ok great it's a big number. HARD TO FATHOM! Currently Apple's market cap sits at 811.46B. So with that said XRP would 10x more valuable than Apple. That's not hard to imagine because yet again digital assets are not stocks. In this case they are money so a better comparison would be considering XRP as an M3 rating store of money. M3 states: As of 2013 the M3 rating is about $12 trillion. https://archive.is/RrsRy Continuing on if we look at xrp as an asset of liquidity under the M3 rating of valuables then there is no reason to assume a $100+ valuation is impossible. Just because Ripple the company may own xrp that does not mean the value of Ripple itself will appreciate in the same manner. Xrp will fall under the same guidelines as other M3 investments and would have to be appreciated and regulated accordingly. So gear up to have some high value M3 status in your portfolio. Correct me if I'm wrong. I'm no investment major but at least I can read lol.
  3. Would anyone care to share their thoughts on how & why central banks (ie. BOE and US Fed.) would be willing to use cryptocurrencies (ostensibly XRP)? The main thought being that central banks manipulate the money supply through Open Market Operations and Fractional Reserve Banking – both of which create money out of thin air. With a fixed supply hard-coded into XRP and other cryptos, wouldn’t their use take away a large portion of the central banks’ ability to control the system? If so, why would they use cryptos? Additionally, wouldn't they also be switching from an inflationary model to a deflationary one?
  4. 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/
  5. https://forum.sia.tech/topic/161/about-siacoins-calculation-and-supply This is a good overview of Sia. Some think the proof of burn will ultimately match inflation.
  6. Is this statement still true? https://ripple.com/build/gateway-guide/ >>> The XRP equivalent of $10 USD should be enough for at least one year of transaction costs for a busy gateway. With many people wanting the value of XRP to increase, including (mainly?) Ripple employees, then maybe they need to watch this page for updates. "Busy" gateway is a little vague. How many transactions do you mean?
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