HAL1000 Posted August 3, 2022 Share Posted August 3, 2022 Link to comment Share on other sites More sharing options...
Julian_Williams Posted August 3, 2022 Share Posted August 3, 2022 I think all money, all financial applications will be going from analogue management platforms on to decentralised digital platforms that use tokens like XRP. It is frustrating: clearly everything is ramping up very fast, especially for payments using XRP ODL/XDC Corda etc. Yet we are stuck in a bear market and XRP never hit the 2017 ATH. Link to comment Share on other sites More sharing options...
JASCoder Posted August 3, 2022 Share Posted August 3, 2022 (edited) 1 hour ago, Julian_Williams said: I think all money, all financial applications will be going from analogue management platforms on to decentralized digital platforms that use tokens like XRP. It is frustrating: clearly everything is ramping up very fast, especially for payments using XRP ODL/XDC Corda etc. Yet we are stuck in a bear market and XRP never hit the 2017 ATH. We here, all share your frustrations, friend Two comments... IMHO the eventual landscape will be more of a hybrid of de-and-centralized interlinked web of platforms. We're already seeing signs of this with deployment approaches for CBDCs running on private (centralized) ledgers, with gateways to public (decentralized) ledgers like the XRPL. All the "walled gardens" will remain sequestered, with ramps where needed. As for the timelines of an unfettered XRP pricing... I always keep in mind the revelatory comments by one of RLs directors, commenting (years ago) that investing into XRP doesn't make sense (from their perspective). I took this to mean a few things: The risk elements: 1) Legal frameworks need to be hammered out and codified into laws across the World's financial systems and governments (talk about chasing the pie in the sky!). 2) The huge amount of uncirculating XRP sitting in escrow, RL's wallets, and the founders. 3) Not getting beat out by competitors... Look at how JP Morgan teamed up with ETH Foundation, and used their dirty tricks to make billions for ETH founders, themselves, and their helpers, and hamstring/sabotage Ripple/XRP. If Ethereum's POW wasn't so flawed to start out with, and RL didn't gain supporters like SBI, they might have crushed us. And finally, the current battle over XRP's price is still all speculation driven. The utility demand from multiple applications are still in the dev and deployment stages, awaiting many other components to be yet completed. The actual value to the XRP use cases for having a high price isn't currently necessary yet; once huge volumes of value are flowing thru the XRPL, and the demand for leveraging the XRP utility token exceeds the monthly tranches of expiring escrows, THEN there will be a benefit to a greater price (and pressure to drive up as demand scales up). So, we hopeful gamblers just need patience, and luck Edited August 3, 2022 by JASCoder PunishmentOfLuxury, Wolfparty, xrp_is_love_xrp_is_life and 3 others 5 1 Link to comment Share on other sites More sharing options...
Julian_Williams Posted August 4, 2022 Share Posted August 4, 2022 Interesting post @JASCoder Quote "Look at how JP Morgan teamed up with ETH Foundation, and used their dirty tricks to make billions for ETH founders, themselves, and their helpers, and hamstring/sabotage Ripple/XRP. If Ethereum's POW wasn't so flawed to start out with, and RL didn't gain supporters like SBI, they might have crushed us." I thought this was a very interesting way of looking at the case. Like you (?) I always saw Eth/JPMorgan as a flawed product. I could not help thinking it was flawed because it is a partnership of crooks with crooked minds, and between them they never had any hope of producing a straight product. But how lucky we are to have been that SBI were there by our side during the case Quote And finally, the current battle over XRP's price is still all speculation driven. The utility demand from multiple applications are still in the dev and deployment stages, awaiting many other components to be yet completed. The actual value to the XRP use cases for having a high price isn't currently necessary yet; once huge volumes of value are flowing thru the XRPL, and the demand for leveraging the XRP utility token exceeds the monthly tranches of expiring escrows, THEN there will be a benefit to a greater price (and pressure to drive up as demand scales up). Yes utility has not hit/caught up price. There will always be a speculative froth on top of the utility price, so we may never really know where the bedrock utility price hits in. ODL utility is x9 per year and in one year the number of corridors open have gone from just a small handful to 25. Very interesting stuff coming from @WrathofKahneman on twitter. We are getting a picture of how Ripple are buying billions of XRP on the on market to feed into the new ODL corridors (I guess it is the embryonic liquidty hub/xpool). Quote So, we hopeful gamblers just need patience, and luck Never seen investing in XRP as being a gamble, it has always looked like a slam dunk. I just hope I live long enough to see it all pop and have some retirement money to enjoy JASCoder, HAL1000 and Frisia 3 Link to comment Share on other sites More sharing options...
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