Vinnie

What are your views on XRP?

343 posts in this topic

7 minutes ago, Malloy said:

- increment by 1/zillions of a fraction has to stop (bot mostly) cause it's killing any human chance of putting a decent order (I think you're already working on something like that)

Yeah LOL that's annoying as hell. The fix will be in 0.50.0:
https://github.com/ripple/rippled/commit/22a375a5f460f3617f9c13a33613ab3978b899b6
 

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This kind of questions when coming from the company puzzles me. 
It even looks like there never was a XRP strategy at all and that you came to the conclusion that it might be an interesting asset for financing activities.
So we'll put the question to some public investors in what way you can get it going forward....

If the executive board of a public company is asking such questions to their investors I bet that they get fired instantly ....

Edited by kanaas

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Just now, yxxyun said:

Amendments/new features enabled too slow. Try to make things happen faster. 

Rushing development increases the chances of a bug making it to production rippled instances, which could put the ledger in jeopardy. Code changes take time because we are thorough in making sure the code works correctly, has more than enough test coverage, and gets plenty of testing. So I wouldn't expect things to change on that front. If you look at rippled's track record, its pretty amazing. There hasn't been a fork or major incident. And there hasn't been any exploit or tom foolery. Fingers crossed on that one.

dekaasboer, Malloy, T8493 and 5 others like this

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Just now, Vinnie said:

Rushing development increases the chances of a bug making it to production rippled instances, which could put the ledger in jeopardy. Code changes take time because we are thorough in making sure the code works correctly, has more than enough test coverage, and gets plenty of testing. So I wouldn't expect things to change on that front. If you look at rippled's track record, its pretty amazing. There hasn't been a fork or major incident. And there hasn't been any exploit or tom foolery. Fingers crossed on that one.

Liquidity, liquidity, liquidity.... that's what you need ASAP. Wasn't there announced an incentive plan for MM's? Is it already burried?

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As a bridge currency XRP is great. With ILP the ability for XRP to be within 1-2 hops of any other ledger's currency (including existing bank ledgers) is improved.

If RCL disrupts correspondent banking methods, banks will become more comfortable using the tech, and a domestic solution should be on the horizon.

Other than folks I connect with online, nobody in the "real world" has a clue what is going on with distributed ledger tech. If you say, XRP, they think you mispronounced something. & Ripple is a Grateful Dead song.

 

Edited by KarmaCoverage

Malloy, Thorhamma and Vinnie like this

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3 minutes ago, kanaas said:

Wasn't there announced an incentive plan for MM's? Is it already burried?

I wasn't asking about the company's announcements (obviously, I already know those) - I'm asking about outside perception.

Although in a way you inadvertantly have answered that question, are you saying that you expect the incentive plan to be "buried?" Why do you think that plan would be canceled?
 

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Outside Perception

Besides people interested in cryptomarkets, and maybe treasury departments at institutional levels, there is none. The few financial advisors / financial planners I know are small time (less than $20M AUM) and they only have heard about BTC. They put BTC at the absolute lowest ranking, right under precious metals which they have ZERO respect for.

Target Audience

I believe Ripples target audience is large banks and Financial Institutions.

I think the target audience should be the Amazons/Alibabas of the world first then other retailers (large and small) as well as small banks and credit unions. Many of the small banks /CU’s have to have accounts with large banks or custodian banks in order to process international wires and/or handle their uninvested cash balances overnight (sweep to STIF, EuroDollar, Repo, etc.). Big opportunity to steal these customers away from the big FIs if they won’t hop on board themselves. Many of these small banks have their own in-house investment management teams, if you look at them individually they are piss-ants but if you were to combine them nationally you would have a big pot.

Future

I am hoping we are looking at a USD or SDR type of vehicle, but what do I know.

Current Price /Volume

Based on global  awareness of XRP/ Ripple,  I think we are right were we should expect to be, I wish we were higher on both fronts but I believe that will come.

Vinnie, stevedev, Malloy and 1 other like this

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