Brad Garlinghouse Cautions Public Companies against Investing In Bitcoin (BTC)

[solodeji]

https://heraldsheets.com/brad-garlinghouse-cautions-public-companies-against-investing-in-bitcoin-btc/

[wogojump]

This is a good example on why XRP will not be successful.  Brad doesn't have the interest or discipline to stay focused on XRP.   He is more focused on charities, politics, and climate change. These are great, but he will fail if focusing on more than one area.  He also spends too much time planning how to be successful in futuristic what if scenarios, instead of winning in the present environment.

Why is Brad focusing any of his time on trying to give advice to other companies, when his own company is struggling to hit its own goals?  Is he trying to be smug, so he can say he told them so?  If Biden pushes the climate regulations and it impacts Square, then at this time Square will easily adjust their investments in BTC as needed to adapt.  They don't need Brad's advice ahead of time.

How about Square try to tell Brad how to to run Ripple?  Square can give tips on avoiding lawsuits, improving and not crashing XRP's value, growing the company within existing regulations, not blowing a few hundred million dollars on failed venture startups, etc.  Probably because they are focusing on being successful, rather than wasting their time giving advice to other companies.

Edited November 10, 2020 by wogojump

[pulstar]

But, but, isn't Brad long Bitcoin?

[aavkk]

9 hours ago, wogojump said:

This is a good example on why XRP will not be successful.  Brad doesn't have the interest or discipline to stay focused on XRP.   He is more focused on charities, politics, and climate change. These are great, but he will fail if focusing on more than one area.  He also spends too much time planning how to be successful in futuristic what if scenarios, instead of winning in the present environment.

 

You deduced this from the article above?  You do realize that Xpring was a separate entity and didn't take away any resources from Ripple, the company?  Did you read the peanut butter manifesto from his time at Yahoo?  Also, for those critical of Xpring's investments probably aren't aware of the lifecycle for an early stage startup.  The investments Xpring has made are likely a 7-10 year payoff and few, if any, updates will be available for those various investments along the way.  Thats how this works, its not a bearish sign and Ripple haven't lost any focus on XRP.  These are private entities that don't have to disclose info.  Another great long-term bet is UBRI, the research institute where Ripple donates to the top education institutions world wide.  This is the type of long-term strategy and thinking, in addition to the short-term strategy of pivoting into real-time payments for XRP that we need.  Sure, it looks terrible on the publicly available liquidity index but a little birdie mentioned to me that those aren't telling the whole story.  

[thinlyspread]

23 hours ago, pulstar said:

But, but, isn't Brad long Bitcoin?

Brad's principles seem... "flexible".

Remember back when he was saying that US regulations were perfectly clear, and asking why the crypto community was so outraged or if they trying to avoid financial regulations, etc?! 

Oh how things change. I like Brad – but he's a bit of a cowboy! Larsen was/is more consistent as a leader. 

Edited November 11, 2020 by thinlyspread

[NightJanitor]

The linguistic double-bind into which he puts BTC PoW is rather nice, though.  Have to say that!

On "flexibility" - well, maybe - but one thing that I try to keep in mind is that Brad's pushing neutral tech - "the ledger can carry anything" - so, there's sort of a line to ride, there, wrt this asset or that asset - think (and this is only an assumption) he's trying to ride that line - "I'm not against [asset] but anyone can see that these PoW-based networks are inefficient as a scalable transaction layer" - and he tries to do that without shitting on their asset, which rides on whatever network or layer which may or may not turn out to be ok for actually serving some purpose or another, eventually, but, as a transaction layer, it's... uh... got some growing up to do.

It's like running into friends who have a less-than-handsome baby.  Only so much you can say...

I mean, if it's me, I take the mom/dad aside, maybe, and don't exactly say "wow, i've never seen a kid go through that much milk and shit so much!" - depending upon how well I know them - and then reassure them that it'll be ok, in time - but if they're entering the kid into beauty contests because they're *really* believing all the "polite" shit people are struggling to tell them, well, that changes the dynamics, people will talk.

(This kind of truth-telling's why I've never taken a public-facing role anywhere, but we all know it!)

(As for going after Dorsey, well, **** that guy - you wanna talk about tenuous cnxn w/truth!  Him!)

(META-POINT:  What anybody in crypto's position on enviro-issues has to do with Earth's mantle, well, that's beyond me... so, this is ALL "only" PR.)

Edited November 11, 2020 by NightJanitor
"Oh, you must be so proud!" ("Maybe he'll grow out of that!")

[wogojump]

10 hours ago, aavkk said:

You deduced this from the article above?  You do realize that Xpring was a separate entity and didn't take away any resources from Ripple, the company?  Did you read the peanut butter manifesto from his time at Yahoo?  Also, for those critical of Xpring's investments probably aren't aware of the lifecycle for an early stage startup.  The investments Xpring has made are likely a 7-10 year payoff and few, if any, updates will be available for those various investments along the way.  Thats how this works, its not a bearish sign and Ripple haven't lost any focus on XRP.  These are private entities that don't have to disclose info.  Another great long-term bet is UBRI, the research institute where Ripple donates to the top education institutions world wide.  This is the type of long-term strategy and thinking, in addition to the short-term strategy of pivoting into real-time payments for XRP that we need.  Sure, it looks terrible on the publicly available liquidity index but a little birdie mentioned to me that those aren't telling the whole story.  

Seems like you are trolling a bit. I'll provide a few responses, otherwise probably best just to ignore you.

1. Not all of the information I referenced to was noted in the article and twitter link.  There has been a lot of issues going on with XRP and Ripple, that I referenced to based on Brad trying to tell other companies how to run their business.
2. It appears you have no idea what Xpring was, who controlled it, why it failed, and when it failed. Xpring was led by Ripple senior vice president Ethan Beard since 2018-2020.  They relied on donating and selling large amount of XRP to the open market, to fund other start up initiatives.  This failed badly, so they terminated Xpring and nudged Ethan out of the company after 2 years.  Now Monica Long is running the predecessor department for Xpring, called RippleX.  RippleX is focusing on developer platform tools (which they should have done from day 1): https://ripple.com/ripplex/.
3. Xpring had many open and blatant failures.  One example was Brad going on twitter rage, trying to defend selling XRP to invest in other company that are developing solutions with XRP.  Only for one of the companies he mentioned to publicly tweet back that week, that they are not actively developing with XRP (but they did receive funds from selling XRP).  There are other examples where the invested companies went out of business after receive funds from the "donated" XRP.
4. Waiting for 7-10 year ROI payoff is ridiculous.  Where did you come up with this number? Please provide examples of successful investors agreeing to this timeframe.  More normal timeframe investors expect for a ROI is 3-5 years.

          In Ripple's case 7-10 years doesn't even make sense. Ripple is currently depending on XRP sales, for them to be profitable.  They can't continue tanking XRP value by donating to initiatives that are going bankrupt and may have a positive ROI after 7-10 years.

Edited November 10, 2020 by wogojump

[aavkk]

2 hours ago, wogojump said:

Seems like you are trolling a bit. I'll provide a few responses, otherwise probably best just to ignore you.

1. Not all of the information I referenced to was noted in the article and twitter link.  There has been a lot of issues going on with XRP and Ripple, that I referenced to based on Brad trying to tell other companies how to run their business.
2. It appears you have no idea what Xpring was, who controlled it, why it failed, and when it failed. Xpring was led by Ripple senior vice president Ethan Beard since 2018-2020.  They relied on donating and selling large amount of XRP to the open market, to fund other start up initiatives.  This failed badly, so they terminated Xpring and nudged Ethan out of the company after 2 years.  Now Monica Long is running the predecessor department for Xpring, called RippleX.  RippleX is focusing on developer platform tools (which they should have done from day 1): https://ripple.com/ripplex/.
3. Xpring had many open and blatant failures.  One example was Brad going on twitter rage, trying to defend selling XRP to invest in other company that are developing solutions with XRP.  Only for one of the companies he mentioned to publicly tweet back that week, that they are not actively developing with XRP (but they did receive funds from selling XRP).  There are other examples where the invested companies went out of business after receive funds from the "donated" XRP.
4. Waiting for 7-10 year ROI payoff is ridiculous.  Where did you come up with this number? Please provide examples of successful investors agreeing to this timeframe.  More normal timeframe investors expect for a ROI is 3-5 years.

          In Ripple's case 7-10 years doesn't even make sense. Ripple is currently depending on XRP sales, for them to be profitable.  They can't continue tanking XRP value by donating to initiatives that are going bankrupt and may have a positive ROI after 7-10 years.

Maybe we've misunderstood each other a bit as I am quite familiar with Ripple and its progress.  Xpring was initiated as an investor and incubator to help foster development of companies with proven entrepreneurs.  It was also structured so that it didnt distract or take away from Ripple's core focus.  Xpring's focus was seed stage opportunities and if you go on AngelList or some other early stage start-up platform (if you are an accredited investor) you'll hear over and over again that your funds will be illiquid for 7-10 years in most cases.  If you are consistently entering opportunities in the Series C stage than 2-4 years is reasonable but thats not what we are talking about here.  And if you hit a success rate of 1 out of 10 you'll likely make substantial profit.  Most people just aren't aware of just how long it takes to build and grow a startup and just how challenging it is- particularly in a burgeoning field such as blockchain.  To the uneducated investor it appears this endeavor failed but all I'm saying is that its just not clear.   

Finally, all the while Ripple have been growing their core team and at least within the engineering side of things I know they are happily employed.  

We dont know each other and I'll resist making certain assumptions about you based on your response above but if you expected routine updates on developments for companies invested via Xpring which started in 2018 and/or any success stories from those investments at this stage in the lifecycle you need to recalibrate your expectations.  As I originally mentioned, these along with UBRI and other Ripple initiatives are aimed at very long-term payoffs.  If you want to know wen moon than look elsewhere.

[Cesar1810]

I think what he said about Brad is fantastic.

always looking forward.

global pollution worries everyone and the proposed waste of energy (POW) is not something viable in the long term.

It seems that it bothers them to say it?

[wogojump]

1 hour ago, aavkk said:

Maybe we've misunderstood each other a bit as I am quite familiar with Ripple and its progress.  Xpring was initiated as an investor and incubator to help foster development of companies with proven entrepreneurs.  It was also structured so that it didnt distract or take away from Ripple's core focus.  Xpring's focus was seed stage opportunities and if you go on AngelList or some other early stage start-up platform (if you are an accredited investor) you'll hear over and over again that your funds will be illiquid for 7-10 years in most cases.  If you are consistently entering opportunities in the Series C stage than 2-4 years is reasonable but thats not what we are talking about here.  And if you hit a success rate of 1 out of 10 you'll likely make substantial profit.  Most people just aren't aware of just how long it takes to build and grow a startup and just how challenging it is- particularly in a burgeoning field such as blockchain.  To the uneducated investor it appears this endeavor failed but all I'm saying is that its just not clear.   

Finally, all the while Ripple have been growing their core team and at least within the engineering side of things I know they are happily employed.  

We dont know each other and I'll resist making certain assumptions about you based on your response above but if you expected routine updates on developments for companies invested via Xpring which started in 2018 and/or any success stories from those investments at this stage in the lifecycle you need to recalibrate your expectations.  As I originally mentioned, these along with UBRI and other Ripple initiatives are aimed at very long-term payoffs.  If you want to know wen moon than look elsewhere.

You never provided a specific example of a successful credible investor recommending to target receiving returns on investments after 7-10 years.  I did not see that recommendation when briefly searching AngeList.  So here is a article discussing strategy to focus on getting returns within 5 years or less: https://www.linkedin.com/pulse/angel-investors-should-focus-irr-vs-roi-multiples-peter-adams.

Feel free to come to come back to the forums in 7-10 years to brag if you personally or Ripple finds their 1 unicorn out of 1,800 investments, If any of us are still on these forums.

Edited November 11, 2020 by wogojump

[Trentsteel]

8 hours ago, wogojump said:

You never provided a specific example of a successful credible investor recommending to target receiving returns on investments after 7-10 years.  I did not see that recommendation when briefly searching AngeList.  So here is a article discussing strategy to focus on getting returns within 5 years or less: https://www.linkedin.com/pulse/angel-investors-should-focus-irr-vs-roi-multiples-peter-adams.

Feel free to come to come back to the forums in 7-10 years to brag if you personally or Ripple finds their 1 unicorn out of 1,800 investments, If any of us are still on these forums.

Noted, if he doesn’t come back in the next 5 years or so I’ll swing my dick for the both of us

 

[aavkk]

8 hours ago, wogojump said:

You never provided a specific example of a successful credible investor recommending to target receiving returns on investments after 7-10 years.  I did not see that recommendation when briefly searching AngeList.  So here is a article discussing strategy to focus on getting returns within 5 years or less: https://www.linkedin.com/pulse/angel-investors-should-focus-irr-vs-roi-multiples-peter-adams.

Feel free to come to come back to the forums in 7-10 years to brag if you personally or Ripple finds their 1 unicorn out of 1,800 investments, If any of us are still on these forums.

I’m not the type to brag as it doesn’t help either of us.  What I would like to do is help.  Your tone leads me to believe you are impatient and that could be for a number of reasons.  Here is a decent article discussing expected time horizons for an angel.  I wish you the best of luck.  My point is that these investments by Ripple are focused on the long game.  I’m not saying you or I (assuming you hold xrp) won’t see sizable returns in XRP before, say 2023.  When I bought in 2017 I had at least 2024/2025 in the back of my mind as a reasonable time frame for both XRP and the overall space to reach a reasonable maturity where we could exercise certain use cases.   Maybe we are slightly behind that but it’s hard to tell at this point.

http://www.angelblog.net/Venture_Capital_Exit_Times.html