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Nice one Hodor.  Well presented as usual.  

But you did get one really important point wrong.  

"ENOUGH FORKS FOR SUMMER PICNIC"

At my picnics we need fingers to snatch the snags off the BBQ.  We generally don't have forks.  And if we did they would be plastic not the beautiful silver ones you showed in your picnic-misrepresenting article....     :) 

But seriously...    excellent work Hodor. 

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Have a ton of coins sitting in Bittrex and can't withdraw until they verify my account. Its been weeks now and I'm starting to think they are trading my coins before they let me get them in my hands. 

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Fantastic, @Hodor 

From the blog:

"I’ve watched Ripple very closely since discovering XRP for myself in 2013.  This is a company that “gets it” in ways that most other crypto-currencies and digital assets do not.  They understand what it truly takes to create an enterprise-worthy digital asset, and all of the factors that will provide a competitive edge when it comes to bank adoption."

I'm impressed by how early you got in.  In my first post on XRP Chat, I gave reasons why so many bells went off for me as I discovered and then looked deeper into Ripple (not that anyone would or should care what I think).  I'm quite curious, though, can you put into words what stood out to you about Ripple?  What drew you to it, especially in those early days?  I'm sure a lot of us would be interested to know.

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When new crypto asset classes and funds (pension, mutual funds, ETFs, etc) are established, most money managers would select Bitcoin and Ethereum as their major holdings.  This is evident since these two cornerstone crypto currencies have been around for some time and make up most of the tradable crypto market volumes daily.  Naysayers seem to be distracted by Ripple's XRP token since there is actually utility and use cases.  From my perspective, this would make sense as value is derived from utility and need.  However, speculators ignore this investment fundamental and are strictly chasing the unknown Bitcoin derivations etc as the uncertainty would create even more volatility and uncertain top valuation which feeds itself based on greed and manipulation.  

Having been in HK for decades, it is true that China/Korea rule the crypto space since capital flight/controls on money leaving their motherland.  This was evident from ML via the Macau casinos to global real estate buys to underground banks and now via liquid cryptocurrencies (like BTC, LTC, ETH). 

I like value so XRP is my major crypto holding while other coins (BTC, ETH, LTC) of little utility/value simply add some spice and entertainment in trading and watchIng ... 

Edited by bookworm

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1 hour ago, bookworm said:

When new crypto asset classes and funds (pension, mutual funds, ETFs, etc) are established, most money managers would select Bitcoin and Ethereum as their major holdings.

I fear you may be right....  but it makes no real sense....  those guys normally look at the fundamentals when selecting stocks...  so they should go straight to XRP.  But I fear many may not.

Having said that...  enough will,  and the overall game is big enough such that the effect on XRP price of even a small percentage of funds going into XRP should be very significant.

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Awesome work as always Hodor! I'm always impressed with your clarity of mind and presentation :D

Favorite quote (although it's awfully hard to choose): "While Bitcoin has typically served as a store of value, I predict that the constant stream of forks might change this rather quickly; other options such as XRP might quickly become the new digital “gold standard” after the irrationality of the market eventually corrects."

Edited by GiddyUp
sp

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3 minutes ago, Peyton said:

Hodor, just let him roll off your shoulders like water on a ducks back. The best way to win an argument is to stay out of it. Your readers value your blog and trust your research so never mind the him.

If it were just Hodor being personally messaged these comments from Sukrim, I would agree with you.  But this is false or unsupported information being disseminated on a public forum--a forum that many people look to in order to formulate their opinions of Ripple and XRP.  These comments were essentially slandering Hodor's writings and insinuating that he does not do proper research and is consistently wrong in his blog entries.  I think it was completely valid for Hodor to address this post, and I hope he has the energy and time to respond to all future attacks like this.

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6 minutes ago, XRPeteSampras said:

insinuating that he does not do proper research and is consistently wrong in his blog entries

I agree - like any good debater, he sprinkled the personal insults into issues that he mostly has with Ripple (and not me).  It almost seems like he was waiting to unleash on me; I'm actually concerned because that sub-Reddit considers him a "moderator".  I saw that and was like "WTF?" This guy is supposed to be a beacon for what to do and what not to do, and he's willing to completely attack a blogger and misrepresent facts / sources / material?

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21 minutes ago, Peyton said:

Hodor, just let him roll off your shoulders like water on a ducks back. The best way to win an argument is to stay out of it. Your readers value your blog and trust your research so never mind the him.

In many cases I would agree with this stance, however Hodor's well reasoned and substantiated response only serves to prove that if your are going to pick an argument with someone, be sure of the facts. Great reply Hodor - for the doubters out there, they should be re-assured that this particular author does his homework and that his work is more reliably researched than the vast majority of blogs and posts one reads.

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12 minutes ago, Hodor said:

I agree - like any good debater, he sprinkled the personal insults into issues that he mostly has with Ripple (and not me).  It almost seems like he was waiting to unleash on me; I'm actually concerned because that sub-Reddit considers him a "moderator".  I saw that and was like "WTF?" This guy is supposed to be a beacon for what to do and what not to do, and he's willing to completely attack a blogger and misrepresent facts / sources / material?

This is a classic issue in forums. Nice and professional responses btw. All you can do is school him like you did. 

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