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Charting the course of XRP


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Signature Bank isn’t allowing less than $100000 Fiat transfers over SWIFT anymore. Starting early February I think. A large number of exchanges and crypto entities are customers of Signature Bank. Domestic transfers should be okay and crypto transfers should be okay.

Note: The red boxes in the screenshot are unrelated to this specific issue. 
 

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Edited by Ripley
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Bloody Binance.   They introduced the Trailing Stop Loss order.  Brilliant.  Finally I can do my Dollar Cost Averaging buys at maximum effectiveness.

 

Not so fast buster….      their order doesn’t allow you to spend all the funds while the price is down (which is what I want and what I thought that order type would do).

Instead it asks you to set the limit price buy and then calcs how many XRP your funds will buy and then only buys that many.  So even if you follow the price down and buy low,   you don’t get more XRP….  you just have left over funds.

Argh….    Fine for saving money,  terrible for buying as many as you can while they are lower priced.  Argh.   Bugger bugger bugger.    Sooo close to being a good thing…

I’m telling you guys in case I’m missing something….   please tell me I’m wrong.    :) 

 

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6 hours ago, Gringo said:

If you look at this other twit, the conclusion is that they are actually a VC fund (most of that 1B XRP wasn't used on "Coil", I guess).

100m$ for protocol? Are you foking kidding me?

I wish to compare e.g. against W3C.

And again, how all thay benefit(s/ed) XRPL?

 

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5 hours ago, xrp-nuke said:
100m$ for protocol? Are you foking kidding me?

I wish to compare e.g. against W3C.

And again, how all thay benefit(s/ed) XRPL?

 

Not the protocol. The Interledger Foundation. That's my understanding, at least. The foundation itself does additional grants and funds additional activity. 

In 2022, they granted $12M (https://interledger.org/our-work/). List of grantees - https://www.grantfortheweb.org/grantees

Their jobs page seems to indicate they pay pretty low per U.S. standards (https://interledger-foundation.breezy.hr). These are fresh out of college salaries (U.S.) or for about 5-7 years experience (Non-U.S.). So doesn't look like the money is spent on highly paid employees.

 

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3 hours ago, princesultan said:

Coil was a terrible terrible idea from day 1. It never made any sense.

Coil is a good example of why centralized is not necessarily a bad thing. And also a bad business case. There is no market for tiny payments per article/video. There are only two markets:

  • Bombard with content, monetize with ads  - Free for the consumer (e.g. Youtube, free online news papers, Facebook, Spotify Free)
  • Differentiated content, monetize with subscription - for the discerning consumer (e.g. substack/news letters, paid podcasts, private slack/discord rooms)
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2 hours ago, Ripley said:

Not the protocol. The Interledger Foundation. That's my understanding, at least. The foundation itself does additional grants and funds additional activity. 

In 2022, they granted $12M (https://interledger.org/our-work/). List of grantees - https://www.grantfortheweb.org/grantees

Their jobs page seems to indicate they pay pretty low per U.S. standards (https://interledger-foundation.breezy.hr). These are fresh out of college salaries (U.S.) or for about 5-7 years experience (Non-U.S.). So doesn't look like the money is spent on highly paid employees.

 

It speaks even more, that project was created to fail slow to "distribute" as much as possible retailers money.

Its a mess that was supported by Ripple, another mistake, another failure.

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7 hours ago, Ripley said:

There is no market for tiny payments per article/video.

I think there probably IS a market for streaming micropayments.  
 

But that is not what coil did.  They used a stupid stupid subscription model.  
 

They could have used streaming micropayments IN XRP that would have meant painless viewing/listening/reading of content.  
 

Content creators could adjust their fees as they liked and the platform could inform costs as users consume.

In general each view is dirt cheap and content creators are rewarded if stuff gets popular.  No ads.  No barrier to sampling new things.  
 

I don’t know if it was a tech hurdle or a failure of vision.  But it’s really sad because it could have been a great thing for content creators and consumers both.   And a new thing in the world.  Who knows how that would grow?
 

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