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  1. Before us lies an economic future devoid of Keynesian theories, as the wisdom of the intellectual nitwits advising to build mountains of debt upon mountains of debt will be proven insanely wrong. My earlier general topic posting regarding the ratio of gold to xrp was obviously overly optimistic. Yet, when both the debt ceiling and the stock market do hit the final cloud, and the USD crashes, will we return to a gold standard? What will happen with the crypto-currencies? In one hyper-inflationary scenario, the masses will flock to a store of value, but perchance will this really be a digital coin? What are your thoughts on this, fellow Xerpers?
  2. Okay, so I figured I would stop splashing the zerpbox with questions. Here is my deal: I am wondering what the theoretical ceiling for XRP could be, and I guess I am struggling with how to structure my thinking on the matter. I wanted to see how much money is actually in the world, and stumbled upon this: http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ I searched for articles that talked about the amount settled between banks on a daily basis (XRP would be the vehicle currency for the fiat currency/crypto currency exchange) and found: https://www.quora.com/How-much-volume-is-traded-per-day-in-the-forex-market There are varying numbers given in this article, so I cannot accurately state a number that was given. The amounts ranged from $2 trillion-$5.3 trillion. Then, I was curious if there were funds flowing through the banks that were differentiated and found an article written under the pseudonym Tyler Durden: http://www.zerohedge.com/news/how-14-trillion-flows-every-day-through-us-financial-system This article states a higher number than the previous article! (Oh noes! What to believe!!?!?) I am interested in the theoretical ceiling as it is an indicator of the potential ceiling xrp can reasonably be assumed to achieve. Given that information, I believe we could attract more investors to XRP (assuming it isn't some situation where Ripple is working both sides of the coin, effectively screwing us in the long run WHO KNOWS?!) Restructuring my thoughts on the process determining the potential value of XRP will need more than just myself to arrive at a reasonable guesstimate, so any help regarding this issue is greatly appreciated. Note: Please, help only. I am not looking for conversations on the negative prospects or outlooks of others. I am interested in real data, for a real product that addresses real issues that banks have that cause real issues for everyone. Given that data, we can make well-informed decisions. Well....informed-enough decisions lol
  3. Hello XRP Community, We might finally be at the tipping point of this fourth industrial revolution. Maybe not. Either way, a thread talking about current and past price movements, market depth, volatility, VOLUME/LIQUIDITY and so on needs a home. I know Japan seems to be leading the way while many others look mostly at XRP/BTC. However, I just posted some Bitstamp/Gatehub 3day and 1month XRP/USD charts to start. Just think how different these charts will look years from now. All helpful posts and any type of technical analysis is welcome even though some like to think there isn't any technical analysis to be done on XRP at the moment. I'd like to observe what patterns and trends the XRP Community seeing that I'm not. Maybe you will learn something new or just maybe you will help out the entire XRP Community. All is welcome Cheers!
  4. https://letstalkbitcoin.com/blog/post/epicenter-175-miguel-vias-xrps-future-for-crossborder-payments
  5. soon (/so͞on/):adverb - 1. in or after a short time. At this point we can all agree that the infamous "coming soon" announcement regarding the XRP liquidity incentive program was premature. While I understand there were good reasons for postponing such a program (glad that @miguel will now have input), it seems disingenuous the headline still reads "Coming Soon" more than a year after it was originally announced. While we have seen hints of such a program and Ripple no doubt intends to unveil it at some point in time, my suggested options for an immediate remedy are: If testing, debate, etc. continue to occur in such a fashion that what the final program will look like is still largely undetermined, remove the headline from the page until this changes. Otherwise the announcement should be updated with a less vague timeline like "May 2017", "Q3 2017", or something similar. It's now clear that while Ripple's target is FI's, the liquidity provided by crypto enthusiasts is needed, or at a minimum "nice to have", when bootstrapping liquidity for XRP. Such a small adjustment as suggested above would help restore credibility within the community. I hope this is helpful @miguel and @Tim
  6. Based on a discussion in another thread I would like to propose the following idea to @Tim, @miguel, @nikb, @JoelKatz, @Vinnie Price is determined by Supply and Demand. As long as both of these are unclear the market as a whole will not invest into XRP. After all a sudden large inflow of XRP could significantly affect XRP price. The so-called Sword of Damocles effect. We understand that Ripple cannot disclose what’s happening behind the scenes in terms of new partnerships, parties about to live, OTC schemes etc. thus limiting investor view on Demand development. You could disclose a time based distribution plan giving insight into the Supply side however as long as Demand development is unclear it is still impossible to take a view on price development. If the Supply rate is more than Demand growth the price will still be negatively affected. Therefore please consider a price driven distribution plan. If XRP price reaches X USD (or EUR, JPY, whatever.) then Y amount of XRP will be released. Then to the next price point etc. This way Supply will track Demand without Ripple needing to disclose sensitive information. This gives the market a good idea of how the price can develop. Preferably this distribution plan is automated in an Escrow format. To fund your operations you can reserve a fixed amount of XRP for ‘free’ distribution. This amount should however be small enough not to disturb the above dynamic. What do you guys think?
  7. I noticed today on ripplecharts.com 13% the $1.3 volume of trade was JPY/XRP. This is a paltry around $150,000 but if it's a sign of small Japanese banks testing using XRP and RCL I think that is a marginal positive for XRP.
  8. What are the most useful APIs for trading on RCL? Are there APIs that are used and trusted, which were not developed by Ripple? What would you like to see in a RCL trading API that doesn't yet exist?
  9. Okay, so I figured I would stop splashing the zerpbox with questions. Here is my deal: I am wondering what the theoretical ceiling for XRP could be, and I guess I am struggling with how to structure my thinking on the matter. I wanted to see how much money is actually in the world, and stumbled upon this: http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ I searched for articles that talked about the amount settled between banks on a daily basis (XRP would be the vehicle currency for the fiat currency/crypto currency exchange) and found: https://www.quora.com/How-much-volume-is-traded-per-day-in-the-forex-market There are varying numbers given in this article, so I cannot accurately state a number that was given. The amounts ranged from $2 trillion-$5.3 trillion. Then, I was curious if there were funds flowing through the banks that were differentiated and found an article written under the pseudonym Tyler Durden: http://www.zerohedge.com/news/how-14-trillion-flows-every-day-through-us-financial-system This article states a higher number than the previous article! (Oh noes! What to believe!!?!?) I am interested in the theoretical ceiling as it is an indicator of the potential ceiling xrp can reasonably be assumed to achieve. Given that information, I believe we could attract more investors to XRP (assuming it isn't some situation where Ripple is working both sides of the coin, effectively screwing us in the long run WHO KNOWS?!) Restructuring my thoughts on the process determining the potential value of XRP will need more than just myself to arrive at a reasonable guesstimate, so any help regarding this issue is greatly appreciated. Note: Please, help only. I am not looking for conversations on the negative prospects or outlooks of others. I am interested in real data, for a real product that addresses real issues that banks have that cause real issues for everyone. Given that data, we can make well-informed decisions. Well....informed-enough decisions lol
  10. In the light of new information about different banks onboard with Ripple. What do you guys think will be the right price to get out of xrp. I think 25% at 10 cents (Assuming it ever gets there and above ) 25% @ 25 cents 25% @1 USD then depending on news and market at that time. Please share your opinions in the hypothetical scenario of price going up as i find its easier to not to sell when you can lose your own money because most of us have hardly thousands of dollars invested individually so anyone can live with losing few thousand dollars but when price gets to a certain point its much more money and we will be tempted to sell with each move as we dont want to lose a life changing amount and on the otherside if it goes further up we will regret it for rest of our lives that we could not hold it so for me its bit catch 22. what do you think...?
  11. It was surprising not to see a sharp drop off in Bitcoin after the SEC rejected Gemini's ETF proposal. I believe this rejection - and more importantly the STILL not resolved Bitcoin blocksize debate - has led to altcoins' value surging. If the blocksize debate continues unresolved, it offers potential for XRP to benefit from investors moving out of Bitcoin but wanting to stay in cryptocurrencies. Let me be realistic to start with, a reallocation away from Bitcoin is unlikely to benefit XRP as much as altcoins with limited supply that can be pumped up to the investor's great profit on the exchanges. Looking at coinmarketcap I do believe the recent surges in first Dash and now Monero has been partly driven by money taken out of Bitcoin looking for a profitable home. I think it will happen again with other altcoins with small market caps, because a move a half a billion dollars away is peanuts to Bitcoin, but if some of that goes to a small altcoin that altcoin's marketcap can multiply. Now I don't think this will happen in an identical way with XRP because the supply is so big, and one would think Ripple would take the opportunity of an appreciable price rise to sell thereby capping gains. But I definitely do believe a reallocation of money to alternative cryptocurrencies that but for the unresolved Bitcoin blocksize debate would have gone to Bitcoin is an opportunity for XRP to moderately increase in price. I'd almost think it would be yet another failure of communication, marketing and messaging to the cryptocurrency community by XRP enthusiasts and Ripple if XRP does not rise in value appreciably on Bitcoin decline or stagnation. My view is we've got to continue to talk amongst ourselves on xrpchat, but more than anything we've got to talk to cryptocurrency enthusiasts who have never been involved in XRP and to the general population of internet users interested in cryptocurrency whether they have bought or not. I would view the channels to this as Reddit and Bitcointalk, with appropriate moderation so that idealogically fixated holders of POW coins don't fill up the thread with "it's a premine <expletive> <explitive> scam". I am very busy working right now and I won't do it today, but on the weekend or early next week I'll probably open a thread on Reddit. At this stage my angle would be to suggest XRP as suitable for people to allocate a small percentage of their crypto holdings with a view to long term possibility of appreciation, notwithstanding it is more likely than not that promise will not be realised. I'd be interested in hearing the xrpchat community's views.
  12. No expert in this but the following idea occurred to me. The market doesn't have any idea about how many XRP will be distributed in the (near) future, about what’s happening behind the scenes, about OTC schemes etc. Given the huge amount of XRP’s which could potentially flow into the market at any time it’s no wonder XRP price is where it is at the moment. So we need a transparent distribution plan (as requested many times before). Preferably in an Escrow format so that people in the market don’t have to trust Ripple keeping its word. Personally I trust Ripple however I am not so sure about the market as a whole though. Instead of a time driven distribution plan which still doesn’t solve the ‘whats happening behind the scenes’ aspect (thus limited view on supply AND demand development) why not a distribution based on price development. X amount of XRP will be distributed into the market at a price level of Y etc. This in my view could result in a ‘increasing mining difficulty’ dynamic but without the mining. Is there merit in such an approach?
  13. Hi Guys. I just saw bit of information on XRP Distribution strategy by Ripple. I think this is updated information because i did not see it before at XRP Portal page. If market conditions permit, we expect our company to hold approximately 50 billion XRP by the end of 2021. This schedule is indicative and discretionary. TOTAL XRP HELD BY RIPPLE:64,439,207,292 TOTAL XRP HELD BY OTHERS:35,558,046,921*
  14. Hi guys, I'm pretty new to the community and started to use Gatehub recently. I made a transaction more than 2h ago exchanging BTC for some ETH and even though it appears in transaction status, nothing changed in my wallet (no BTC removed and not ETH credited). Any ideas about the average transaction time? I sent a mail to the support without any feed back yet. So i'm not even sure if it has worked or not. As on the other hand I changed XRP for BTC this morning and it took less than a 10 seconds which was impressive, i'm a bit worrying regarding the above operation. Thanks for any feed back about this matter!
  15. Visa, WebBank21, DocuSign, and Ripple. Interesting group:
  16. From chatbox: More info: https://ripple.com/build/amendments/#escrow
  17. How would today have been different, had XRP and the RCL technology been at the center of the SEC news announcement? A ) If all exchanges were gateways and listed off ledger XRP -A- If they were integrated to process a deposit and withdrawal in one ledger close event, the price discovery of all digital assets (including XRP) would have been much more efficient -A- If ledgers started getting full with volume, the transaction fee would spike (less failed transactions because fee logic on RCL is flexible and predictable). -A- Total XRP network volume would be distributed slightly more efficiently, since some volume can offload to the RCL for arbitrage, and such. B ) If all exchanges just listed off ledger XRP -B- If they were integrated to process a deposit and withdrawal in one ledger close event, the price discovery of XRP at each exchange would have been much more efficient. C ) If all exchanges were ILP enabled -C- Price discovery would converge to a lower bound globally, for all assets, including XRP. -C- Depending on local rail speed, transactions could potentially be delivered to users in minutes, or seconds. -C- An ETF wouldn't be needed? D ) If all devices were ILP enabled -D- Anyone connected to the internet could pay anyone else in the world, any amount, during any time of the announcement, in any asset, instantly. -D- The best price would be available for everyone, and all services would be in competition to offer the best rate / fees. -D- An ETF wouldn't be needed? E ) What was the craziest thing you saw today in the BTC exchanges during the announcement? -E- Ripple has the intention to ensure XRP meets compliance standards that would enable it as the world reserve currency. Given that, and their growing relationship with banks, enabling complaint solutions of international foreign exchange, it might have had a better chance passing.
  18. Hello Community! Firstly, let me introduce myself ) My name is Anthony from the Netherlands, 31 years old. I have been on this forum and following Ripple for a couple years now but only today I decided to sign up and start contributing to the community, dropping my two cents where I can. Today I would like to share what I believe is the best value that XRP offers me (and you), as an amateur - but highly dedicated crypto trader. This is my secret of the smith.... I see many of you being disappointed with the price of XRP, namely the lack of ''to the moon'' - what everyone keeps expecting of crypto's.... Actually XRP does something much better.... There is no crypto out there as stable and non-volatile as XRP....We have been hovering around the support level of 0.005 for years now, with an occasional spike... This is actually wonderful! It means XRP is the benchmark crypto for fiat money investment, and the flee to crypto on volatile days when you need to protect your portfolio... Look at the last two days: Most people are jumping on BTC, ETH, DASH and XRM like there is no tomorrow.... now we see BTC drop and all the big names drop with it... minus, minus and more minusses... but guess who is stable, EXACTLY! I sold all my ETH, DASH, XRM and etc in t he last couple of days am now happily speculating on smaller and newer tokens which have amazing swings, and sometimes dramatic drops... but its ok, because i dont operate from the volatile BTC... I operate from XRP to jump in and out of trades..... and I advise you to understand this amazing trait Ripple created for us. little extra, Stellar has the same awesome stability (not unsurprising)... So please dont let you Jed - this and that- emotions block your view... Dont philosophise for hours on end how and what and when XRP will go global... Just understand it is all about money and ROI... no emotions, just trading.... making money money money ))))) Good luck and cheers from the windmill cheese and red light paradise xxx
  19. I thought it would be a good idea to talk about why xrp could be the best blockchain currency investment of 2017. The biggest news at the moment is this. https://www.google.com/amp/www.cnbc.com/amp/2017/03/01/japanese-banks-plan-to-adopt-blockchain-for-payments.html XRP is now very firmly established as the first mover to launch a realworld working product in the banking sector. But, there are so many other things in the works this year for Ripple. SBI and Kraken bringing better exchanges to Asia. Bitgo creating a new XRP wallet. 1,000 transactions per second vs Ethereum's 15 and bitcoin's 7. I just felt there should be a page to highlight all of the good news and people's thoughts on what this year could mean for XRP and the larger blockchain community.
  20. Hi all, I'm very new to this and totally lost. I'm too worried to try again now and am chasing some advice. I have some ETH in my Jaxx wallet. I wanted to purchase some XRP. I transferred 0.4 ETH from the Jaxx wallet to the Gatehub ETH wallet. When it arrived though, Gatehub says the balance is 0.01 ETH. What has happened here? How can it have devalued so hugely in one transfer from one wallet to another? Can anyone help?
  21. I started this topic because I am tired of waiting for someone else to furnish a hardware wallet to the Ripple/XRP community. I'm a former product developer, with hardware and software experience. This project will need skill-sets in hardware development, micro-computer coding, internet coding, testing, and manufacturing. I feel that with the right group of people we can make a world class HW Wallet that will enhance the value of XRP (besides giving everyone a convenient and safe place to store their XRP). Beyond that, we can leverage the knowledge gained, with our experience, to go on to bigger and better things with Ripple. This project should be considered a commercial project, and sales profits of the wallet will be distributed to the team. In other words, this is a serious development project for experienced people, willing and able to put in the time and effort. If you are interested, please post here, talking about your skill set and how this could proceed.
  22. https://github.com/segrax/xrp-wallet
  23. Hi guys, am new to ripple. Just registered an account w gatehub. I desperately need help of 50xrp to activate my ripple wallet!! Thank you very much in advance! My ripple address r4p1PMERA8DZcsHorP2q8Px29d3Gvbb4V3
  24. Ripple technology is used in banks, but it's used to transfer Euros, Yen, Pounds and so on. But what is XRP going to be used for? It's a "digital asset". But who will it be distributed to and for what reason? In my personal opinion I believe the goal of XRP may be to give banks their clients a hedge against inflation, like a precious metal because there is only so much of XRP? Thoughts?
  25. Could the ripple system support an account which automatically converted any currency into xrp and paid out as any currency? The idea would be a universal checking account. You get a direct deposit from work, it becomes ripple. Travel anywhere and it becomes their currency at the till. Is this the service that every bank on the ripple network will eventually provide to their customers or is this another step altogether? In other words instead of creating a new universal currency and hoping everyone adopts it, can ripple make every currency universal?