David Schwartz Says Ripple Is Making Strategic Adjustments to Enhance XRP

[solodeji]

https://heraldsheets.com/david-schwartz-says-ripple-is-making-strategic-adjustments-to-enhance-xrp/

[SquaryBone]

"DS says they need to make serious adjustments if they want to have any chance to compete because it keeps on having no traction". But ok the other one sounds better I guess

Also from the article: "our xcurrent strategy has not worked".

Edited October 27, 2020 by SquaryBone

[XRPage]

Does he mention anything about his derisk estrategy by selling his XRP for a few cents? What can you believe for someone whose avatar is a pirate... So much hipocresy from Ripple team.. 

[kenrino]

I think he has always been transparent about it, he still has skin in the game believe me. He once said how much percentage he has in crypto relative to his total worth. Derisking 4$ as he put it is not crazy beside he did not sell recently but applied for flare airdrop..

[XRPage]

5 hours ago, kenrino said:

I think he has always been transparent about it, he still has skin in the game believe me. He once said how much percentage he has in crypto relative to his total worth. Derisking 4$ as he put it is not crazy beside he did not sell recently but applied for flare airdrop..

All of them are "very transparent" when they are caught, my friend. Believe me, they keep selling every day even though they speak loud about currencies getting weaker. What confidence that gives us? 

The day that Brad, Chris, DS or any of the others start buying instead of selling XRP then we can be bullish. 

Meanwhile, other cryptos, let's say Bitcoin, are being accumulated by big investors and companies, and it's changing opinnions from previously skeptical people.

[peanut56]

22 hours ago, SquaryBone said:

"DS says they need to make serious adjustments if they want to have any chance to compete because it keeps on having no traction". But ok the other one sounds better I guess

Also from the article: "our xcurrent strategy has not worked".

Here are the quotes from the article I believe you may have edited unless the article itself was edited due to falsified information.

-The Chief Technical Officer at Ripple, David Schwartz, has recently stated that the payment startup is making “strategic adjustments”, in order to bring the benefits embedded in the technology that powers XRP to a wider range of users across the world.

-

David Schwartz wrote:

“We’re mostly working from the other direction – getting enterprises and institutions to use (indirectly, usually) systems that are open to everyone and can’t be controlled by anyone. That will add more value to those open systems, driving more people to them.

But this has yielded results more slowly than we had hoped. Hence, the strategic adjustments with things like Xpring and RippleX. We are trying to do more.”

If someone has a link to the original article or other sources of information I will gladly read it to better understand your position.

[kenrino]

I don't know about others but DS discuss very openly on twitter about what he does and you can browse the xrp ledger yourself easily. The narrative of other coins being accumulated remain to be seen, but yes it's probably true to a certain point. Ripple definitely should work toward that goal and scarcity.

[jargoman]

18 hours ago, XRPage said:

Does he mention anything about his derisk estrategy by selling his XRP for a few cents? What can you believe for someone whose avatar is a pirate... So much hipocresy from Ripple team.. 

Satoshi abandoned his coin. How much more hypocritical can you get. Without a company backing the coin, THE USERS brought bitcoin to where it is today. Bitcoin lost 90% of it's value 7 times. Bitcoiners laugh it off and buy the dip. XRP users whine about it, looking to sell the first chance they can recoup their investment. XRP is cheaper, faster, has a company backing it, banks using it, funds holding it. DS comes on this forum personally to answer technical questions. Ask a question about how to build something useful on the ledger and you'll see, he'll answer your questions. 

Now you've got people wanting ripple to buy more XRP. Why in Gods name would you want them to do that !! The moment they hold 49% of the coins XRP is not a security and the price sky rockets. 

Buying when a founder is selling is called angel investing. People need to stop complaining about having the opportunity to be an angel investor without being an accredited investor. Do you need the sec to hold your hand and tell you not to buy until the price is 20 times higher and holding is deemed "safe". When people are complaining, I buy. 

[Julian_Williams]

David Schwartzt has many time explained his philiosophy towards managing development.  To put it in a nutshell he has said again and again that a developer has to be guarded and mindful against becoming fossilised around an idea, and be willing to change with new circumstances.  At the same time the developers have to remain focused on their goals, and not go off on a jag following every idea that looks promising.  This interviwew sounds like a restating on this philosophy 

Eveyone was very critical of Ripple's decision about nine months ago to cut out the Treasury payments on the ODL and go for the SMEs.  ODL vol on utility-scan dropped from 20 million to 3 million over night where it remained fixed for many months.  In recent days the ODL vol has begun to shoot up again, hitting 6 million yesteday for the first time since they crashed out of Treasury payments.  Still a long way below the 20 million they gave up, but climbing back up.  Only a very determined and focused company would have been so decisive, and their willingness to be decisiveness reflects well on them. 

It is painful to to go backwards in order to go forward.  I think the Ripple decision to go for SMEs, having experianced so much resistance from the established banks they first approached, was the mark of a company that is willing to listen, remain focused and adaptable.  Push at the doors that are half open and leave the ones that need a battering to pass through until later is straight forward common sense

RE Xcurrent, we know they have over 300 customers and are servicing about 500% more volume than a year ago.  So I do not beleive their progress can in any way be characterised as having no traction.  Without Covid the progress would have been faster. 

As they say two steps forward one step backwards.  This is how creative development happens.  

 

Edited October 28, 2020 by Julian_Williams

[Guest]

has Ripple set a deadline before potentially moving the HQ abroad? I wonder if that will happen 

[Julian_Williams]

37 minutes ago, Cambridge said:

has Ripple set a deadline before potentially moving the HQ abroad? I wonder if that will happen 

Could be a bluff to push the US regulators, but they made a very good point that the dispersed nature of the financial instutions across the US make it a lot harder, even if the regulators were more proactive to their needs.  My bets is that they will move, but that will not make much difference to their continuing to have their biggest offfice in California. 

Edited October 28, 2020 by Julian_Williams

[JASCoder]

23 minutes ago, Julian_Williams said:

Could be bluff to push the US regulators, but they made a very good point that the dispersed nature of the financial instutions across the US make it a lot harder, even if the regulators were more proactive to their needs.  My bets is that they will move, but that will not make much difference to their continuing to have their biggest offfice in California. 

There was another interesting point Jungle Inc. recently brought up: The tax exposure to exporting the company's 50+ billion tokens, being it's an intangible asset of unrealized value. Uncle Sam would want its "fair" share of this wealth before the owning entity exports it out of the country...

LMK if you wanted the link to his vid on this speculation. 

[SquaryBone]

16 hours ago, peanut56 said:

Here are the quotes from the article I believe you may have edited unless the article itself was edited due to falsified information.

-The Chief Technical Officer at Ripple, David Schwartz, has recently stated that the payment startup is making “strategic adjustments”, in order to bring the benefits embedded in the technology that powers XRP to a wider range of users across the world.

-

David Schwartz wrote:

“We’re mostly working from the other direction – getting enterprises and institutions to use (indirectly, usually) systems that are open to everyone and can’t be controlled by anyone. That will add more value to those open systems, driving more people to them.

But this has yielded results more slowly than we had hoped. Hence, the strategic adjustments with things like Xpring and RippleX. We are trying to do more.”

If someone has a link to the original article or other sources of information I will gladly read it to better understand your position.

So basically what I said right? I mean this is CTO talk. He's not going to say outright XRP is not being adopted. I still barely see signs of real adoption yet. For clarity that was my interpretation of what he said in CTO talk.

If you need to make adjustments like from medium value transfers treasury payments to low value high volume transfers it means it was not working properly. Same here. They still need adjustments, even after all those years and according to Ripple that there was immediate demand from banks with XRP.

[Scout]

I think what he meant to say was one step forward, two steps back. Banks aren’t stupid. They will implement a solution to reverse engineer it so they can implement their own in house systems.

Edited October 31, 2020 by Scout

[XRPage]

On 10/28/2020 at 9:51 PM, Julian_Williams said:

Could be a bluff to push the US regulators, but they made a very good point that the dispersed nature of the financial instutions across the US make it a lot harder, even if the regulators were more proactive to their needs.  My bets is that they will move, but that will not make much difference to their continuing to have their biggest offfice in California. 

It was obviously a bluff and it exploded in their faces.