Everyone is missing the big picture - Focus of SWELL is on ILP and not XRP!!!

[JoelKatz]

1 hour ago, kanaas said:

So this means that you really said that some partners did expressed FOMO fever ...?
That's a pretty strong quote.. if real!
Wonder if that fear is truly related to their business or just to the fat 300M incentive.... Because a big amount to give away will not always attract the "right" partners but often just those that let you behind with some false promises (remember R3) ....
I hope that the rules for that incentive are written in stone - maybe @Morty can help with that  

 

I think it's a turning point that we've been heading towards for a long time. But it's definitely possible that the incentive made an immediate difference.

[jag216]

2 hours ago, prkzingis said:

13. Oct - Ripple Rolls Out $300M RippleNet Accelerator Program to Grow Volume and XRP Utility

16. Oct - Five hours of private meetings
17. Oct - Five hours of private meetings
18. Oct - Five hours of private meetings

They don't talk about climate changes on those meetings  This RippleNet Accelerator Program is real big guys, I'm telling you!!!
Nothing happens overnight, just be patient if you belive in this project. And If you don't, just sell everything you have and invest in something you belive in.

David Schwartz has said one of the things that surprised him about the conference as of yesterday was just how many people wanted to develop partnerships and/or be customers. All good.

I did notice that the nomenclature is not as clear as I would like it to be. What does 'using ripple' mean? I would love to get a straight answer on this question, and I will ask it separately. But I agree with the OPs remarks (and said similar yesterday).

[XRPage]

11 minutes ago, JoelKatz said:

I think it's a turning point that we've been heading towards for a long time. But it's definitely possible that the incentive made an immediate difference.

Do you think any of these partnerships will be make public any time soon? I am not doubting but something to back up those statements would be awesome.

[RLP18PharmD]

2 hours ago, LordVetinari said:

Ok, so what do you expect the value of xrp be today if no one is using it for 2-3 more years? Agree or disagree but honestly, this is how some folks view the situation. 

Again, I think that people need to get their own expectations in check. From my understanding nowhere did the folks at Ripple say or imply that the SWELL conference was or would focus on XRP. In attempts to figure out what the 3-2-1 countdown or Brad's "mind blowing" comment meant, many assumed and speculated that it was XRP usage vs. new partnerships.  I think @Streamliner was dead-on in his/her analysis. You have to lay down the foundation and network, which is (RCL or ILP, whatever you want to call it), that then allows for XRP to be utilized. Like I said many times before, the story of this conference are the "PRIVATE MEETINGS" happening from 7-12. It is my belief that many new partnerships are being initiated and formed. I think many got into XRP recently in attempts to make a quick buck off of a spike in price on the back of SWELL that did not materialized as they envisioned. Now we have a culling of the field, which is good for me because I can get in at a cheaper price and we get rid of opportunistic shorts.

[Guest]

23 minutes ago, RLP18PharmD said:

Again, I think that people need to get their own expectations in check. From my understanding nowhere did the folks at Ripple say or imply that the SWELL conference was or would focus on XRP. In attempts to figure out what the 3-2-1 countdown or Brad's "mind blowing" comment meant, many assumed and speculated that it was XRP usage vs. new partnerships.

but this happens every time, every conference -- it's all the new xrpchatters, joining since the big pump earlier this year

no matter what you say, how much caution you give, or how you educate them about how trading works (big red sell button makes tears of hype)... they just carry on making things up, predicting outrageous scenarios and otherwise trying to pump the price

[kanaas]

1 hour ago, zerpdigger said:

well clearly it wasn't "of course" was it?! i was explaining it for someone

Didn't see it when posted but that of course actually was a big typo and meant for some other conversation, guess that I'm getting to old to keep the pace here  

[Guest]

Just now, kanaas said:

Didn't see it when posted but that of course actually was a big typo and meant for some other conversation, guess that I'm getting to old to keep the pace here  

haha, ok fair enough! i just thought.... bit harsh on new users, not all as brainy as you kanaas!

[kanaas]

1 hour ago, Amigo said:

I didn't dig into the privacy options enough yet, but wasn't there something called pathshuffle to be implemented on the RCL taking care of that?

The goal of Pathshuffle is to serve for anonymity with transactions that stay end to end on public ledger(s). But privacy can also be guaranteed over private/public rails.  If someone for instance has an account on PayPal and does a payment that Paypal is routing over ILP and RCL than Paypal can keep all the personal info on their own private ledger and just send a "reference code" over ILP/RCL to execute the payment. So it's not anonymous but still completely private even by going over the public and traceable rails....

[RDS]

2 hours ago, kanaas said:

So this means that you really said that some partners did expressed FOMO fever ...?
That's a pretty strong quote.. if real!
Wonder if that fear is truly related to their business or just to the fat 300M incentive.... Because a big amount to give away will not always attract the "right" partners but often just those that let you behind with some false promises (remember R3) ....
I hope that the rules for that incentive are written in stone - maybe @Morty can help with that  

 

what do you mean by fomo mate..?

[RLP18PharmD]

1 minute ago, RDS said:

what do you mean by fomo mate..?

I think is means "Fear of Missing Out"

[kanaas]

11 minutes ago, RDS said:

what do you mean by fomo mate..?

Fear of missing out. In this case I guess that JK meant a partner fear of missing a part of the 300M accelerator program.

[bookworm]

Agree with Kansaas.  Of course, it would normally be a long drawn process of seeking signatories from bank management who likely didn't attend directly in person.  

Our bank reps who did attend would have this fomo during rfp, pmo and nego processes with parent, regional and local mgt, tech, finance and operation groups.  Trust me since I've been with the big banks for decades. In fact, banks are oddly very slow to adopt especially given budget constraints that are normally set in Q4 for the new FY so ... the $300m is the kicker as our bank reps can sell to their group of the negligible insignificant cost of Ripple products as volumes accelerate.  

Unfortunately, there are so many competing products and startup fintechs to compare/present/choose from which can make it quite political due to relationships, competitor analysis and interests.  For example, JPM with Digital Asset Hldgs due to ex-staff Blythe Masters, etc.

On the plus side, the new-found potential partners from Swell will likely be announced informally now or further solidified in Q1 after bank budget approvals for the new year.

Of course, we XRP holders hope our tokens would be adopted for increasing value which will only benefit Ripple and liquidity constraints.

 

Edited October 18, 2017 by bookworm

[OstrichJouster]

5 minutes ago, bookworm said:

Unfortunately, there are so many competing products and startup fintechs to compare/present/ choose from which can make it quite political due to relationships, competitor analysis and interests.  For example, JPM with Digital Asset Hldgs due to ex-staff Blyth Masters, etc.

On the plus side, the new found potential partners from Swell will likely be announced informally now or further solidified in Q1 after bank budget approvals for the new year.

Of course, we XRP holders hope our tokens would be adopted for increasing value.

 

This is the hammer to the nail, spot on. 

[kanaas]

13 minutes ago, bookworm said:

For example, JPM with Digital Asset Hldgs due to ex-staff Blythe Masters, etc.

 

JPM recently has bought WePay... Seems like banks wanna come more active in fintech as well ....

[jumperabv3]

15 minutes ago, kanaas said:

JPM recently has bought WePay... Seems like banks wanna come more active in fintech as well ....

I can't see any reason why the banks won't automate payments and make them fully traceable - it's the near future. About time we stop using wires that cost $30 - $50 per transaction, the banks know they can't do it like this anymore.