XRP - The Future Stable Token.

[Mr760]

Please can someone explain to me why XRP could not be a future stable digital asset that can be used as a store of value.

Xrp has the potential to benefit from global trade deals that span over 5 years. All payments for products and services within the agreement can be tied to a Smart contract that would factor in gold, silver copper and even iron. 

The payment for the transactions would be settled immediately using xrp. The volume for the transactions would be scheduled via smart contract for global commercial and Industrial payments for heavy machinery and specialist equipment.

I think the Belt Road initiative will complement xrp and the Ripple the company, not just because of SBI Asia, but because of the banking partnership and significant amount of Business Development Ripple has undergone with clear roadmap within their team, to be honest it couldn't be any better at this point in time. Ripples willingness to work with the political spheres maybe the Ushering of global trade agreements in the geopolitical sphere, ESPECIALLY within the S.E Asia corridors, and....a strong Asian partnership in SBI and MUFG with both having strong sway with banks in Indonesia, Malaysia and around this region, needless to say Ripple may get the Bri shipping route for volume.

With trade agreements smart contracts instant settlement and seamless trackable transactions, is it a little bit hard to think xrp could be a stable token, GUYS.... anyone #xrpthestandard baby... ?. 

Okay, but seriously now, due to the nature of the potential global trade agreement in smart contract format the xrp looks like stability was always in mind.

I believe that it will still increase in value over time with the amount of on-ramps and the sheer amount of development going on in universities that Ripple has sponsored.... (and the rest). I see the banking system using smart contracts utilizing gold, silver, copper and or iron (could be dreaming here, could be dreaming) scheduled release of payments would be settled in xrp and the payment for gold silver copper or iron will be flown out when the time comes. There smart, I'm sure they'll figure somthing out. Due to of the nature of the metalic standards, and using these methods of standard, global trade volume flowing through smart contracts, using xrp it definitely look more on the cards. (Ummmmm, could be MILES off) ....AIIB, i think they'll have some of the action in the bri projects, but between me, and this post, I think the banking system will make a stable xrp, cos they CAN IF THEY REALLY WANT.

The on ramps and development will still increase the price. How many uni's... Jeeez!

 

Is this a reality ... a stable XRP?

 

[M-X]

If people want something stable to store their value in, they'll stick to the dollar.

XRP can be a store of value for reasons other than being stable. 

[peanut56]

I am assuming you are referring to the current and historical volatility of XRP along with all other digital tokens/assets.  With that in mind I believe the theory is that when utilization occurs, and xrp becomes a widely used asset, due to volume of transactions and types of transactions then XRP will naturally stabilize to be a value=X. That in mind as a wold wide asset its value would also fluctuate in accordance to whatever domestic currency is being utilized.

      XRP unlike the U.S. dollar (oil reserve currency) will reach some equilibrium in accordance to it use as an international liquidity asset. This would free many nations from the U.S. dollar, Chinese Yen, ect. If XRP was stamped as worth Y amount of gold or Z amount of silver it would ease speed of transaction, however it may never reach its full potential as an international monetary liquidity asset since it would be tied to a historic value of money. This would create a faster way to trade money, but then limit a new technology and a new market all together.

Just my opinion

[enrique11]

Yes, it can be used as a store of value, but that's it. 

Bitcoin is a primarily a store of value because it's too slow.

XRP will become a store of value primarily  because it's too deflationary.

[ImTheRippler]

Its been theorized that XRP could be stabilized at a certain price range like Gold using ComEX rules.

[Mr760]

On 9/29/2018 at 5:32 PM, peanut56 said:

I am assuming you are referring to the current and historical volatility of XRP along with all other digital tokens/assets.  With that in mind I believe the theory is that when utilization occurs, and xrp becomes a widely used asset, due to volume of transactions and types of transactions then XRP will naturally stabilize to be a value=X. That in mind as a wold wide asset its value would also fluctuate in accordance to whatever domestic currency is being utilized.

      XRP unlike the U.S. dollar (oil reserve currency) will reach some equilibrium in accordance to it use as an international liquidity asset. This would free many nations from the U.S. dollar, Chinese Yen, ect. If XRP was stamped as worth Y amount of gold or Z amount of silver it would ease speed of transaction, however it may never reach its full potential as an international monetary liquidity asset since it would be tied to a historic value of money. This would create a faster way to trade money, but then limit a new technology and a new market all together.

Just my opinion

Good comment, I think you maybe partially right, what if this GPI is swift docking onto Ripple via China Headquarters, having 1st control of SWIFT volume, to flow through XRP.... idk, Sounds like global domination to me,

However I believe that gold and silver is seen by many as the world Reserve currency. The value of gold and silver will go up and xrp should be tied in smart contract for global settlement measured against gold and silver as an alternative digital settlement tool, utilizng smart contracts and all the perks in Global Trade.

I'm all for the new asset class, however when dealing with international trade and Global wealth, gold is physical and we live in the physical world, where gold is more expensive to mine than BTC. However, world trade can be done in Silver, Copper and Iron, which is I think is cheaper to mine than gold, gold is physical and can be revalued, so GOLD & Silver become more valued and less exported from Russia & China. Silver and Gold will complement trade deals settled in Silver, Copper &/or Iron in the future. GOLD Will be valued MUCH MUCH higher and keep it's Global reserve status and wealth preservation recognition, however the kicker is, XRP .... XRP is the enabler of global enablers for the 4IR.

 

[Mr760]

On 9/29/2018 at 7:06 PM, ImTheRippler said:

Its been theorized that XRP could be stabilized at a certain price range like Gold using ComEX rules.

New Rule System, please specify. ComEX rules need updating. Can't comment too much on the rules. However leveraging gold in the multiple hundreds, hasn't worked out to well and then we have to gonand "find" more gold. I'm not sure on this method of play.

[xrphilosophy]

 

https://www.zerohedge.com/news/2014-12-11/what-do-they-know-cme-implements-gold-precious-metals-circuit-breakers-400-wide

I don't vouch for either the video or the article, but provide it as information regarding Comex Rule 589.

 

Edited October 5, 2018 by xrphilosophy

[JA8]

@Mr760 That's where I see it going ultimately. Your post may end up being quite prescient within the next few years. The world needs a low cost crypto for micropayments - there are many contenders, but if banks are already using XRP for its primary facility, it makes sense that other use cases will follow. Utilisation *as money* is a pre-requisite for a store of value. This is why gold was/is a store of value for 5000 years and counting.

BTC as a supposed store of value is currently just wishful thinking - and this illusion will be exposed unless it can figure out how to facilitate micropayments at scale. BCH looks far more promising on that count. Other cryptos do as well, for example Nano (free and fast transactions) - and XRP, which already has two of the most important criteria for micropayments as well (very cheap transactions, and scale).

As for the dollar, the writing is on the wall. We're overdue for both a recession and a new monetary system (recession every 10 years, and new monetary system every 30-40 years on average). 

Edited October 5, 2018 by JA8