Charting the course of XRP

[Nat99]

6 hours ago, Julian_Williams said:

That is a very interesting remark.  Did you know some people know how fast the hearts are beating (interoceptive self awareness), and others are unaware of it?  The ones who know make much better traders on stock exchanges.   Gut feelings beat rational analysis in fine tuned decision making.

Wasn't aware of that, no. So, there are people who can feel their own heart beat? Do I get this right? And based on the rythm, they make decisions, since the gut feeling gets translated into heart beat change?

[Guest]

On 1/11/2023 at 9:41 AM, Ripley said:

I anticipate resistance here at 0.374. I doubt we'll close today above 0.36 but let's see. I think this bullish action across crypto is a trap.

This was wrong. Still convinced that this is a trap. We are still closer to the beginning than the end.

[NightJanitor]

On 1/7/2023 at 5:57 AM, Ripley said:

Elon's still in the FREE SPEECH court case, in SF - I sure would like XRPTipbot back!

 

Edited January 14 by NightJanitor
Requisite Theme Music

[Julian_Williams]

On 1/12/2023 at 7:23 PM, Nat99 said:

Wasn't aware of that, no. So, there are people who can feel their own heart beat? Do I get this right? And based on the rythm, they make decisions, since the gut feeling gets translated into heart beat change?

Decisions are driven by gut feeling, and people most in tune with their interoceptive selves make more finely tuned judgements.  Rational thought is a suppressor not an initiator of decision-making, it suppresses you being over-emotional/foolish/foolhardy. 

[RandyMarsh]

28 minutes ago, Julian_Williams said:

Decisions are driven by gut feeling

Hmm I don't know. What types of decisions are we talking about here? For example when I'm making a decision about the correct answer on a test, would there be any gut feelings involved?

[JASCoder]

Aurora Boraxrplous lights up the Northern Hemisphere tonight 

 

[retep]

16 hours ago, NightJanitor said:

Elon's still in the FREE SPEECH court case, in SF - I sure would like XRPTipbot back!

 

Hahaha that boy in the video is André van Duin, and he was the best comedian of Holland for about 4 decades! Forget jim carry because André already pulled funny faces for 25 years before jim carry came around the bend.

Edited January 14 by retep

[Julian_Williams]

On 1/14/2023 at 2:01 AM, RandyMarsh said:

Hmm I don't know. What types of decisions are we talking about here? For example when I'm making a decision about the correct answer on a test, would there be any gut feelings involved?

When I ask you the date of the battle of Hastings that is not a decision.  The answer is more like a reflex.

[RandyMarsh]

1 hour ago, Julian_Williams said:

When I ask you the date of the battle of Hastings that is not a decision.  The answer is more like a reflex.

Hm, even if it's multiple choice?

I look at options, I make my decision based on my knowledge around the area. A rational process analogous to how I make most decisions I think.  If I'm asked 'do you want fixed term or variable rate for your mortgage' - again I see the two options and make my decision based on the data I have available. I understand there is a difference, but both situation either involve recalling information, or looking it up, then deciding based on that. With the mortgage there is more of an unknown aspect and you are making your 'best choice', but the choice is still based on a rational process of investigating data, so I'm not sure where the 'gut feeling' would come into play there. 

If you are given two options and you have no clue about which is the better choice (you are in a maze - do you want to go left or right to start out?), then I could see gut-feelings coming into play.  I'm I thinking too much about this? Maybe I don't understand what gut feelings really mean.   

[xrp-nuke]

6 hours ago, RandyMarsh said:

Maybe I don't understand what gut feelings really mean

Gases bruh, gases.

[madmellow]

19 hours ago, xrp-nuke said:

Gases bruh, gases.

I see XRP over 0.4€ again for a very long time and he is talking about flatulences…

[xrp-nuke]

1 hour ago, madmellow said:

I see XRP over 0.4€ again for a very long time and he is talking about flatulences…

Its not even 0.35eur, common

[madmellow]

6 hours ago, xrp-nuke said:

Its not even 0.35eur, common

Sorry I meant USD. My fault.

[Julian_Williams]

On 1/15/2023 at 3:43 AM, RandyMarsh said:

Hm, even if it's multiple choice?

I look at options, I make my decision based on my knowledge around the area. A rational process analogous to how I make most decisions I think.  If I'm asked 'do you want fixed term or variable rate for your mortgage' - again I see the two options and make my decision based on the data I have available. I understand there is a difference, but both situation either involve recalling information, or looking it up, then deciding based on that. With the mortgage there is more of an unknown aspect and you are making your 'best choice', but the choice is still based on a rational process of investigating data, so I'm not sure where the 'gut feeling' would come into play there. 

If you are given two options and you have no clue about which is the better choice (you are in a maze - do you want to go left or right to start out?), then I could see gut-feelings coming into play.  I'm I thinking too much about this? Maybe I don't understand what gut feelings really mean.   

Battle of Hastings is a reflex reply; 1066, the two are "chunked" in my mind.  Like 2 +2 + 4.  I could decide to override 4 with a wrong answer like 5, but such a response would be after a pause for thought.

I agree there has to be a choice before the decision apparatus comes into force.  When you have a choice you will nearly always have an emotional gut feeling response which precede rational processes.  Gut responses are far faster wired through the mid brain and brain stem than rational processes that have to travel to the Neocortex and are then used to override/oversight of your emotional responses. Rational  so much slower, if you see a snake you jump, only later to relax because it is a bit of old rope. 

Edited January 16 by Julian_Williams

[Guest]

For those who are interested, Bob Way gave some perspective on some missteps Ripple made during the early days - some intentional, some unintentional, their R3 "agreement", the fallout, the 2017 dump, etc. 

Key takeaways for me: 

• Ripple and XRPL got punished for trying to be compliant with FinCEN. The regulators didn't pursue blatant violations made by other stakeholders but Ripple/XRPL got stuck with bureaucracy. This makes the SEC's choice to file a lawsuit on Ripple even worse IMO. 
• Once they got stuck with the bureaucracy, they had a plan to transition everyone over to GateHub but no one actually took ownership of that transition.
• (Ripple) Lawyers really messed up the R3 contract by not tying optionality with performance goals and ultimately this led to the dump during the 2017 bull run + the subsequent lawsuit/out of court settlement.
• They didn't have anyone on the business side who truly understood the potential of XRPL for a long time.

Ultimately all of these are Chris's responsibility as CEO. I suspect this is why he was removed from that position and Brad (who originally joined as COO, reporting to Chris) got promoted to CEO and the company started to slowly steer back in the right way.

 

Edited January 17 by Ripley