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Q1 2019 XRP Markets Report

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1 hour ago, gamblin310 said:

Also, U.S. institutions will be more likely to buy XRP once the Token Taxonomy Act is passed.

So if you want the price of XRP to go up I suggest you sign the petition:

https://www.change.org/p/congress-pass-the-token-taxonomy-act-to-keep-america-at-the-forefront-of-blockchain-innovation

Does change.org actually do anything?  It seems like petitioning the white house directly https://petitions.whitehouse.gov/ would be more effective.  Upon 100,000 signatures within 30 days, the white house must respond within 60 days of the petition.  All people who sign an provide their email will get an automatic update once the White House responds.

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2 minutes ago, codiusrex said:

I’ve never declared any such judgement on anyone here but myself. Inflammatory remarks targeting members of this community are inappropriate and inexcusable.

@ADingoAteMyXRP @Paradox

I have nothing against you personally.  However, if you make blatantly ridiculous statements I'm going to call you out on it.  We have enough misinformation and disinformation on here as it is.

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4 minutes ago, ManBearPig said:

Does change.org actually do anything?  It seems like petitioning the white house directly https://petitions.whitehouse.gov/ would be more effective.  Upon 100,000 signatures within 30 days, the white house must respond within 60 days of the petition.  All people who sign an provide their email will get an automatic update once the White House responds.

Every time someone signs the change.org petition, a message is automatically sent to the 50+ members of Congress that the petition is targeting.

Congress has to pass the legislation before it gets to the president, but a White House petition wouldn't hurt either.

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Posted (edited)

I never understood why so many people thought that an incumbent financial system would just scoop up XRP and just start using it.  They’ve done things exactly the same way for a very long time intentionally.  Only forced change will stop that.

Kodak would still be selling film for cameras if they weren’t forced to change.  This change is well underway in finance, it’s just going to take time.

Edited by Phintech

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2 minutes ago, gamblin310 said:

Every time someone signs the change.org petition, a message is automatically sent to the 50+ members of Congress that the petition is targeting.

Congress has to pass the legislation before it gets to the president, but a White House petition wouldn't hurt either.

Thanks for the clarification.  Executive powers to give mandates and a helping hand in the matter, and just to bring it into the spotlight alone would be monumental.  It would take a herculean effort to get 100,000 signatures from the limited number of early adopters.   A generically, vague response from the White House (while super cool) would feel underwhelming, but who knows.

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1 minute ago, ManBearPig said:

Thanks for the clarification.  Executive powers to give mandates and a helping hand in the matter, and just to bring it into the spotlight alone would be monumental.  It would take a herculean effort to get 100,000 signatures from the limited number of early adopters.   A generically, vague response from the White House (while super cool) would feel underwhelming, but who knows.

If the White House came out in support of the bill, it might actually hurt its chances in the Democrat-controlled House.

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Posted (edited)
1 hour ago, AlvaroXRP said:

When did i say i sold everything? I just think it is funny we keep finding excuses for lack of adoption

"The lack of adoption" has many reasons.  Regulatory clarity is for the most part an excuse for banks to drag their feet..

You cannot expect big profitable bricks and mortar businesses to gleefully adopt software that disrupts their business models.  Think of the situation of the Post Office at the time email was being trialled by a handful of nerds.  Do you think the management of the Post Office were overjoyed at the idea of supporting email adoption? 

What usually happens in these cases is that the big established businesses ignore the change and go on promoting business as usual leaving a gap for small specialist companies to fill the gap and expand.  This is exactly what is happening with XRapid which is being used by tiny companies like Cuallix and Mercury.

Ripple have done extremely well to get the big players involved at such an early stage in the development of XRapid.  Lots of new businesses are seeing the slowness of the big banks as an opportunity for them to get off the ground and disrupt the market.. 

Edited by Julian_Williams

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24 minutes ago, gamblin310 said:

If the White House came out in support of the bill, it might actually hurt its chances in the Democrat-controlled House.

Maybe, however the Speaker of the House, Nancy Pelosi of the 12th District of California (San Francisco) probably has one of the highest percentage of constituents who would benefit from such legislation.

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33 minutes ago, Julian_Williams said:

"The lack of adoption" has many reasons.  Regulatory clarity is for the most part an excuse for banks to drag their feet..

You cannot expect big profitable bricks and mortar businesses to gleefully adopt software that disrupts their business models.  Think of the situation of the Post Office at the time email was being trialled by a handful of nerds.  Do you think the management of the Post Office were overjoyed at the idea of supporting email adoption? 

What usually happens in these cases is that the big established businesses ignore the change and go on promoting business as usual leaving a gap for small specialist companies to fill the gap and expand.  This is exactly what is happening with XRapid which is being used by tiny companies like Cuallix and Mercury.

Ripple have done extremely well to get the big players involved at such an early stage in the development of XRapid.  Lots of new businesses are seeing the slowness of the big banks as an opportunity for them to get off the ground and disrupt the market.. 

The more posts I read of yours, the more confident I feel in my investment, to the point of seriously considering purchasing more XRP.

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Posted (edited)
31 minutes ago, Tripple said:

This report has ****** me off.

If Ripple is going to 'distribute' the vast majority of the supply of XRP based upon nominal volume from a data arbitration site with widely recognised deficiencies (suppressing the value of the asset in the process) then at the very least I want to see a more significant degree of real-world XRP usage come into fruition within the timescales that Ripple had initially indicated, and a corresponding growth in the value of the asset.

When I first invested in XRP I had assessed a 3-5 year investment horizon, given the information available at the time, but; Ripple's programmatic selling, relatively mediocre institution sales, and lack of forward progress in XRP-related terms has pushed that back considerably. So far it's been delay after delay, and numerous semantic clarifications (likely due to the ongoing litigation) after their initially ambiguous promotion of partnerships and the role of XRP within their technology suite. 

I'm not a charity worker, as an investor I want to have a reasonably positive outlook on the following questions:

1) Will Ripple be instrumental and successful in building out the XRP ecosystem before they bleed the ecosystem dry trying to do so? 

2) Will that success be reflected in the value of the asset beyond its speculative value?


Ripple can't claim to be distinct from XRP as a digital asset whilst being so heavily reliant on the capital of investors in the XRP ecosystem. Someone buys in, and they cash out. I invested in XRP, not Ripple, but given Ripple's holdings it's prudent to question the direction they are taking in relation to XRP. To me it seems like they're milking it for capital, not letting it grow organically. As for future value... Naebody knows, because there's no precedent. 

a) Which number do you propose to use? CMC is the most known and used indicator.

b) Volume is created by buying and selling, so "someone buys in and they cash out" is plain wrong

Edited by crypto1337

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5 minutes ago, crypto1337 said:

a) Which number do you propose to use? CMC is the most known and used indicator.

b) Volume is created by buying and selling, so "someone buys in and they cash out" is plain wrong

a) Most known and used isn't de facto most appropriate. I'm suggesting they should revise their programmatic sales to account for actual volumes, not CMC's nominal values. Bitwise appears to have it's own methodology for determining actual market volumes, why can't Ripple?

b) I'm making a distinction between who is selling XRP and who is buying it in relation to Ripple's programmatic sales. Ripple doesn't sell fiat for XRP, does it?

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