Morty Posted April 3, 2017 Share Posted April 3, 2017 @miguel Any news on a lock up? ☺ Vertigo 1 Link to comment Share on other sites More sharing options...
Guest Posted April 3, 2017 Share Posted April 3, 2017 25 minutes ago, Morty said: @miguel Any news on a lock up? ☺ I think the timing for a lock-up announcement would be perfect now. Link to comment Share on other sites More sharing options...
RDS Posted April 3, 2017 Share Posted April 3, 2017 51 minutes ago, Morty said: @miguel Any news on a lock up? ☺ i dont know how even the rumour of lockup start.. any links..???? Link to comment Share on other sites More sharing options...
Guest Posted April 3, 2017 Share Posted April 3, 2017 4 minutes ago, RDS said: i dont know how even the rumour of lockup start.. any links..???? Link to comment Share on other sites More sharing options...
Guest Posted April 3, 2017 Share Posted April 3, 2017 Another hint: look at the likes of this post. Link to comment Share on other sites More sharing options...
Bejzbox Posted April 3, 2017 Share Posted April 3, 2017 lock up should be the next big factor effecting xrp price. If we are to believe it to happen. Soon Link to comment Share on other sites More sharing options...
Guest Posted April 8, 2017 Share Posted April 8, 2017 On 3/26/2017 at 9:12 AM, JoelKatz said: My position on this has evolved lately, largely due to conversations with Miguel. My position used to be that it didn't really matter but that locking up some XRP wouldn't hurt us and might help, so there was no reason not to do it. I was concerned that we might limit our future flexibility and so didn't advocate locking up on a tight schedule. However, if we're going to lock up XRP on the ledger, we're doing it to provide more predictability. Locking up too little or for too short means we get less predictability. Too little gives effectively no predictability at all. Essentially, I was super-concerned about us needing XRP for something and not having it and ignoring the harm from overhang that we could have mitigated by locking up. Now I think we probably should lock up as much as we think we can for as long as we think we can. If we don't, people will fear that if things aren't going so well, we'll be tempted to sell lots of XRP, precisely the fear we want to eliminate. In exchange, if we're doing well and need more XRP for some reason, we should just be able to buy it if we have to. The only real downside to locking up too much XRP is if the price is getting too high and we want to use the opportunity to increase the supply but can't. First, that's a good problem to have. Second, in that case, we can still increase the supply at a predictable rate, and I don't see it being a problem if the price gets "too high". We're not looking to make money by selling XRP at temporary peaks -- that's never been our strategy. Joel, please allow a comment from me I believe that IS the way... please, please, lock up and announce a staged release plan, eliminating unceratinty and fear. The huge supply and Ripple being in too much control was IMHO a mistake from the start that can and should be corrected in the safest and most predictable way. That will bring increased liquidity and trust from all - banking+private sector as well. And yes, rather have the problem of having to buy XRP short term. That is the best problem Ripple can possibly have. Also for all of us, speculators too. I see Ripple as a company's valuation and XRP valuation correlating and going through the roof as a result. Ripple and its technology deserves to succeed. It's about time it took its place on the throne of crypto-currencies. In the foreseeable future this is the about the only thing that can (and will) stop it from achieving this, unless actioned. Just my 0.02 XRP, who am I to tell you guys what to do Link to comment Share on other sites More sharing options...
Ripple_Is_Super Posted April 8, 2017 Share Posted April 8, 2017 Link to comment Share on other sites More sharing options...
joebob Posted April 13, 2017 Share Posted April 13, 2017 Would locking up a set of XRPs per established bank relationship/agreement motivate other Banks to expeditiously begin working with Ripple towards reserving XRPs for their use. Concerns for rising XRP premiums could accelerate engagement. Link to comment Share on other sites More sharing options...
Xi195 Posted April 18, 2017 Author Share Posted April 18, 2017 On 4/13/2017 at 5:46 AM, joebob said: Would locking up a set of XRPs per established bank relationship/agreement motivate other Banks to expeditiously begin working with Ripple towards reserving XRPs for their use I don't think so. Though locking up XRP might ease distribution concerns, it doesn't limit regulatory risks in any way. Link to comment Share on other sites More sharing options...
Vertigo Posted April 18, 2017 Share Posted April 18, 2017 I wonder if this is still an internal discussion within RL or that pov has changed since recent rallies. I understand this wont be announced unofficially, however as most guys seemed onboard with the idea (atleast miguel, nikb, joelkatz, warpaul have strongly hinted such), what are the noteworthy cons to consider from a RL perspective? @warpaul @nikb @JoelKatz @miguel Link to comment Share on other sites More sharing options...
tomb Posted April 18, 2017 Share Posted April 18, 2017 3 minutes ago, Vertigo said: I wonder if this is still an internal discussion within RL or that pov has changed since recent price rallies. As most guys seemed onboard with the idea (atleast miguel, nikb, joelkatz, warpaul have strongly hinted such), what are the noteworthy pros and cons? I personally think this news had to do with the recent price rally. faz 1 Link to comment Share on other sites More sharing options...
Vertigo Posted April 18, 2017 Share Posted April 18, 2017 7 minutes ago, tomb said: I personally think this news had to do with the recent price rally. It could be one of the driving factors, but I doubt such incredible volume is justified merely by speculation.. That seems an aweful risky gamble. My best guess is that the sunday rally was caused by a snowball effect plus long time under appreciation.. Link to comment Share on other sites More sharing options...
Xi195 Posted April 18, 2017 Author Share Posted April 18, 2017 (edited) 1 hour ago, Vertigo said: what are the noteworthy cons to consider from a RL perspective? According to JoelKatz: Quote The only real downside to locking up too much XRP is if the price is getting too high and we want to use the opportunity to increase the supply but can't. First, that's a good problem to have. Second, in that case, we can still increase the supply at a predictable rate, and I don't see it being a problem if the price gets "too high". We're not looking to make money by selling XRP at temporary peaks -- that's never been our strategy. You can read his full comment on page 3 of this topic (towards the bottom). 1 hour ago, tomb said: I personally think this news had to do with the recent price rally. Agreed. I think there were a number of factors and this was one of them. If that's the case, the idea of a lockup is partly priced in to XRP's current price. It would've been awkward if Miguel mentioned his own Epicenter interview report in the Q1 Report, but I think that was another contributing factor. Edited April 18, 2017 by Xi195 tomb 1 Link to comment Share on other sites More sharing options...
pucksterpete Posted May 9, 2017 Share Posted May 9, 2017 so we should add this Quote http://www.livebitcoinnews.com/ripple-may-announce-extended-xrp-supply-lock-june/ and this Quote https://themerkle.com/ripple-price-rises-70-in-24-hours/ Xi195 1 Link to comment Share on other sites More sharing options...
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