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Charting the course of XRP


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Ripple's cross border remittances volume is on track to be > $15B per annum this year, as of Q2.

Global remittances to just low and middle-income countries is on track to be ~$626Bn. Assuming Ripple is just focusing on these LMIC countries, they are at about 2.4% market share as of this year, and in that ODL is a small percentage. 

Plenty of time to go, plenty of room to grow, and plenty of use-cases to be built by non-Ripple businesses on XRPL. Looking forward to playing with the AMM (now available on test net) and looking forward to Liquidity Hub to be available next year, post lawsuit. 

Edited by Ripley
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No matter what people “think”, this is the reality as submitted through proofs and acknowledged by the SEC.

”On the first element, investment of money, the SEC concedes that billions of units of XRP distributed by Defendants involved no investment of money at all.”

Guess what. ConsenSys/Ethereum will fail this test. This is why the SEC and CFTC are distancing themselves from “ETH is a commodity”. 

Ripple’s final submission - https://www.dropbox.com/s/u971g2swao63xzh/Ripple Redacted Reply to SEC Opposition to Ripple's Motion for Summary Judgment.pdf?dl=0

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44 minutes ago, Ripley said:

No matter what people “think”, this is the reality as submitted through proofs and acknowledged by the SEC.

”On the first element, investment of money, the SEC concedes that billions of units of XRP distributed by Defendants involved no investment of money at all.”

Guess what. ConsenSys/Ethereum will fail this test. This is why the SEC and CFTC are distancing themselves from “ETH is a commodity”. 

Ripple’s final submission - https://www.dropbox.com/s/u971g2swao63xzh/Ripple Redacted Reply to SEC Opposition to Ripple's Motion for Summary Judgment.pdf?dl=0

Why hate ETH/ConseSys? Hate yee SEC

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39 minutes ago, xrp-nuke said:

Why hate ETH/ConseSys? Hate yee SEC

I don’t hate the SEC. I hate Hinman and Clayton for corruption. I hate Gensler for his hammer approach and trying to play politics and power grab.

I like Gensler for bringing attention to the fraud in crypto. I like Gensler for stopping BTC spot markets. It would have been very very bad otherwise.

I like Hester Pierce for her sandbox proposal.  I like SEC the institution for trying to support fair markets with a limited budget and power. Yes, they get it wrong but over time they get more right than wrong.  

I love Ethereum the technology, especially the EVM. It is revolutionary and I hope it has a great future.

I hate ConsenSys and a16z for cheating the crypto community to put money into their own pockets. They spread FUD around other blockchains. They did an unregistered securities sale (ICO) and then closed the door on other blockchains to give themselves an unfair advantage.

They paid off officials, claimed they had official approval that ETH is a commodity and got a whole generation of crypto builders to follow the ETH model to build blockchains. Now all those blockchains are at risk of being called securities. They think they are safe because they followed ConsenSys model. They are not. 

The only difference between SBF and ConsenSys is that ConsenSys succeeded at bribing politicians and regulators to get a free pass. SBF failed because of bear market. Otherwise he would have succeeded. He followed the same tactics that ConsenSys/a16z tried. 

ConsenSys got into cross-border payments, but they said cross-border payments is a trash use case when Ripple was talking about it. They worked with JP Morgan from day 1 but they spread FUD that Ripple is bad for working with banks.

They are trash people. I respect Vitalik’s technical skill but they will not get a dime of my money.

You have no idea how much I hate these guys - BTC maxis (like Winklevoss twins, Pomp, Saylor), ConsenSys, Andreesson Horowitz. They created the store of value, store of energy narratives, fake rewards and tokenomics narratives, all of which are crap.

Because of them, the industry and the development suffered a lot. Lot of people lost money. Now with the Ponzis crashing, we lost a lot of goodwill also, with the government.

I want DeFi to succeed and crypto to succeed. I am very optimistic about the future. Crypto will never succeed as long as it is just about price of a token. It needs to be a lot more than that. 

Edited by Ripley
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2 hours ago, Ripley said:

rypto will never succeed as long as it is just about price of a token. It needs to be a lot more than that

Everything is about price and its not only about crypto, whole world lives on "how much it will cost". Common, you yourself position as successfull businessman and at the same write such naivity.

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2 hours ago, Ripley said:

You have no idea how much I hate these guys - BTC maxis (like Winklevoss twins, Pomp, Saylor), ConsenSys, Andreesson Horowitz. They created the store of value, store of energy narratives, fake rewards and tokenomics narratives, all of which are crap.

Because of them, the industry and the development suffered a lot. Lot of people lost money. Now with the Ponzis crashing, we lost a lot of goodwill also, with the government

Same crap you can apply to current monetary system, someone created a narrative for you about money, fake value, crapy regulations and etc. That you blindly belive to from one crisis to another, from bank collapse to another.

Not sure what you try to complain here about.

On other at least there was idea of Proof of Work which initially works better than Proof of Print. Probably part of work and how its done could be rework, but hey, who cares?

You worship Ripple which litterally created tokens of nowhere, said it owns you nothing and just sells them on the market. 

A lot people lost money due to Ripple & their "believe in XRP" too. The whole market is about create a token, prupose value and get fiat for that, one big ponzi 🤣🤣🤣

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To be clear, I don’t worship Ripple. I like its business model. Just as with Apple, Amazon, Costco etc. Even Meta/Facebook. 

Attempting anti-competing tactics is something a lot of companies do. Apple, Amazon, Microsoft, all do it or have done it in the past. I expect and hope that there is a lot of competition in the cross border payments business.

But the folks I have talked about in the previous posts are guilty of much more sinister stuff. They converted crypto into a casino. They brainwashed a generation of impressionable and desperate retailers with fundamentally incorrect and long disproven ideas. They either committed fraud or enabled people who commit fraud.   

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5 hours ago, Ripley said:

But the folks I have talked about in the previous posts are guilty of much more sinister stuff. They converted crypto into a casino. They brainwashed a generation of impressionable and desperate retailers with fundamentally incorrect and long disproven ideas. They either committed fraud or enabled people who commit fraud

Now you try to measure the guilt 🤣🤣🤣 Its not a horse race

Ripple brainwasged impressionable and desperate retailers too with incorrect ideas: where are the promissed banks?

Eventually you ended up with idea of Private XRPL and other yada yada

 

All you do is trying to manipulate and interpret thing for some actors a harder way for some softer way.

Doing that you no better than them.

Edited by xrp-nuke
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53 minutes ago, xrp-nuke said:

Now you try to measure the guilt 🤣🤣🤣 Its not a horse race

Ripple brainwasged impressionable and desperate retailers too with incorrect ideas: where are the promissed banks?

Eventually you ended up with idea of Private XRPL and other yada yada

 

All you do is trying to manipulate and interpret thing for some actors a harder way for some softer way.

Doing that you no better than them.

I’m very happy that you think that way. 

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48 minutes ago, xrp-nuke said:

Ripple brainwasged impressionable and desperate retailers too with incorrect ideas: where are the promissed banks?

Trying to implement a business model with their (Ripple's) means, some of which could be discussed such as their large stake of tokens, cannot be compared with corruption and manipulation by regulators.

"Banks promised" OK, not yet realized, also due to the same regulators, but the roll out of the foreseen business model (ODL, LOC, AMM) cannot be ignored, not by banks but by payment service providers.

I know you're role is playing the devil's advocate but this time the comparison is cripple. 

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1 hour ago, Frisia said:

Trying to implement a business model with their (Ripple's) means, some of which could be discussed such as their large stake of tokens, cannot be compared with corruption and manipulation by regulators.

Consensys or others bad actors are not responsible for regulators corruption, they contribute, same way Ripple uses grey and unregulated arreas to just sell their tokens for their own non-XRPL related advantages and do not tell me that no retailers suffer due that.

1 hour ago, Frisia said:

"Banks promised" OK, not yet realized, also due to the same regulators

Imagine if there would be a court case, where emails would be shown that Ripple and execs were aware of how hard it is to plug bank but they still hyped and attracted retailers to buy meaningless XRP tokens (read purely speculative)? 

Ripple has advantage of private business and a lot is stayed behind infamous NDA.

ConsenSys in that regard gas disadvantage as a bit more been disclosed.

 

1 hour ago, Frisia said:

know you're role is playing the devil's advocate but this time the comparison is cripple

I dont, all I say is that we are in speculative market where there is no good and bad, it wild west.

 

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On 12/3/2022 at 12:00 AM, xrp-nuke said:

Same crap you can apply to current monetary system, someone created a narrative for you about money, fake value, crapy regulations and etc. That you blindly belive to from one crisis to another, from bank collapse to another.

Not sure what you try to complain here about.

On other at least there was idea of Proof of Work which initially works better than Proof of Print. Probably part of work and how its done could be rework, but hey, who cares?

You worship Ripple which litterally created tokens of nowhere, said it owns you nothing and just sells them on the market. 

A lot people lost money due to Ripple & their "believe in XRP" too. The whole market is about create a token, prupose value and get fiat for that, one big ponzi 🤣🤣🤣

Hey Nuky, could you refer me to the person who pays you for spreading FUD? I'm interested in participating

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On 12/3/2022 at 5:32 PM, xrp-nuke said:

Consensys or others bad actors are not responsible for regulators corruption, they contribute, same way Ripple uses grey and unregulated arreas to just sell their tokens for their own non-XRPL related advantages and do not tell me that no retailers suffer due that.

No doubt about that but we have thieves and judges and obviously both sit on the opposite side of the law. We will always have thieves and judges to correct misbehaving conduct. That's valid for anyone, Consensys, SBF and also Ripple IF (and when) they broke the rules.

However, if regulators become corrupt that's the same as the the judge becoming a thief. Who's correcting who? That's very worrying and undermining the state of democracy and, even worse, becomes the example to follow.

The rest is a you say speculation and - agreed - grey area. I'm sure that any company who's willing to substitute Swift needs to "move mountains" and that cannot be done without entering grey areas. I calculated that in my decision to allocate a part (20%) of my portfolio to XRP.

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