Valuation Models - XRP The Digital Currency Vs. Ripple the Company

[ObservantOne]

5 minutes ago, ObservantOne said:

After THAT demonstration, we could then increase the demand on the system, scaling XRP to the throughput of VISA, while simultaneously increasing demand on the BTC equivalent to the demand of XRP.

This would show the scalability issue as being taken care of: XRP can scale to suit the demand, while BTC will backlog the transactions just to get to it when it gets to it.

THEN use the Escrow feature in conjunction with a smart contract that puts the remainder of the FIAT/Digital Assets into a lock-up, releasing those funds only after BTC finishes their 25 rounds

Is this a bad idea? Or is it just crazy and pointless?

 

Could be pointless.

"THEN use the Escrow feature in conjunction with a smart contract that puts the remainder of the FIAT/Digital Assets into a lock-up, releasing those funds only after BTC finishes their 25 rounds" 

Even better: your Fiat and Digital assets that were used as a test could be put into a lock-up using Escrow, and the smart contract initiates the unlocking of the lock-up, distributing the 25 fiat currencies and 25 digital assets back to their initial ledgers, where they were before they were used for the demonstration. All of this is done once BTC completes their 25 rounds of transferring said assets. Except, when BTC finishes this test, the assets that BTC was moving would still be where they were when BTC finished, whereas the assets that were being moved using XRP through the ILP would be accounted for

[Jun]

Yup

seems like doing a side by side comparison of ripple to bitcoin and watch the ripple transaction in seconds while bitcoin just hangs there 

that's how we win

[1qtboye]

Thank you very much JK, things happpen in life for a reason and ripple has been so transparent with everything they do that people will take what they want from it and turn it bad. I believe you( ripple) had the best intentions going into consensus and strategically not doing all demos will in my opinion prevail in the long run when they are actually unveiled. 

This isn't a quick "buck" thing everyone prays for, nothing in life is for the most part. 

Keep working hard and the true people that believe in ripple whether  they are shareholders or holders of xrp will follow you lads to the end. 

 

 

[Leo]

3 hours ago, JoelKatz said:

I am sorry that wound up misleading people. Let me explain what happened:

Thanks for being frank. But this was really misleading. I was so excited that Ripple will come with really great news and being emotional, that's my mistake for sure, I don't blame anyone for that, I changed my 100 BTC to XRP at 0,00023 level. The expectaion for most of us was so great for the Concensus and not hearing any big news was a frustration. Anyway I really like the business model of Ripple, so waiting for the other summer

[1xrp1]

6 hours ago, JoelKatz said:

6) Now, say you're a company like Seagate that pays out money all over the globe. If you have to make payments to five countries in our corridors, you'd rather hold one pile of XRP than five piles of different currencies. That increases demand.

7) Now, say you're a company like Apple with a huge pile of cash. If you want to snap up other assets cheap, you'll need to hold the asset the people selling want. If they're going into any of our corridors, they'll want XRP, so you would want to hold it.

8) If that succeeds, it should massively increase the price of XRP.

 

Point, 6 & &, I heard this is coming really fast.....in fact, its not too hard to onboard these corporations as they have lesser regulatory controls, KYC or AML stuff as compared to banks.  These corporations can save more money transferring within their worldwide operations without having to go through the banks at all...am I right? Perhaps talk to D****y company with their operations of worldwide theme parks and studios, I am sure they need to move money constantly.

[Live4xrp]

1 hour ago, Leo said:

Thanks for being frank. But this was really misleading. I was so excited that Ripple will come with really great news and being emotional, that's my mistake for sure, I don't blame anyone for that, I changed my 100 BTC to XRP at 0,00023 level. The expectaion for most of us was so great for the Concensus and not hearing any big news was a frustration. Anyway I really like the business model of Ripple, so waiting for the other summer

No need to wait...SBI is presenting (and promoting Ripple) at R3 conference...

[ObservantOne]

1 hour ago, Leo said:

Thanks for being frank. But this was really misleading. I was so excited that Ripple will come with really great news and being emotional, that's my mistake for sure, I don't blame anyone for that, I changed my 100 BTC to XRP at 0,00023 level. The expectaion for most of us was so great for the Concensus and not hearing any big news was a frustration. Anyway I really like the business model of Ripple, so waiting for the other summer

They had three demos they had planned on doing. 2/3 were done, and the one that wasn't was the ETH XRP over ilp. 

They did this BEFORE consensus. So, in my eyes, it wasn't misleading and for people to blame David for the change of plans is a bit unfair. He owned it, though I would argue that he didn't need to apologize to anyone.

I wasn't butt-hurt as I didn't expect XRP to skyrocket, given Consensus was biased as all h3ll against Ripple. The good that came of the summit has been noted, and I hope Ripple gains new employees and form awesome relationships with other companies.

 

Keep it up, David! You are all doing incredible work, and we are rooting for you guys! I only wish I had a background in coding/cryptography so I could be a part of the team.

As it stands, we are incredibly proud of your achievements, and look forward to the amazing work you all have planned, winning over the hearts of the wary!

O-1

[Guest]

the money pouring into bitcoin right now from naive amateurs -- speculating for self gain on an out-of-date technology with serious scaling problems -- utterly pales in comparison to the giant stacks of institutional grade mega-bucks waiting patiently to make an entrance, before it smashes a giant Fist of Reality through the paper wall of ignorance that's protecting this suffocating anarchist bubble from getting a much needed dose of fresh air, and sanity

[ObservantOne]

1 minute ago, zerpdigger said:

the money pouring into bitcoin right now from naive amateurs -- speculating for self gain on an out-of-date technology with serious scaling problems -- utterly pales in comparison to the giant stacks of institutional grade mega-bucks waiting patiently to make an entrance, before it smashes a giant Fist of Reality through the paper wall of ignorance that's protecting this suffocating anarchist bubble from getting a much needed dose of fresh air, and sanity

I couldn't like this enough. There was only one button.

Here is my second like.

 

And my third.

[Guest1]

I'm so excited about potentials that @JoelKatz mentioned!

I was trying to find a way to easily explain the potential of Ripple and XRP. What do you guys think of this?:

 

Snail mail -> Email

Current foreign exchange of money -> XRP

 

Or is this comparison/analogy already used widely??

 

[ObservantOne]

29 minutes ago, Streamliner said:

I'm so excited about potentials that @JoelKatz mentioned!

I was trying to find a way to easily explain the potential of Ripple and XRP. What do you guys think of this?:

 

Snail mail -> Email

Current foreign exchange of money -> XRP

 

Or is this comparison/analogy already used widely??

 

It is a little vague. You will need to explain more

[Guest1]

2 minutes ago, ObservantOne said:

It is a little vague. You will need to explain more

Well, before email (and fax) was developed, an ordinary mail took several days to deliver and postman only delivered during business hours. Email fixed that to be only seconds to deliver and securely.

 

Currently it takes several days for money to be sent from one country to another and, in many countries, only processed during business hours. XRP can fix that to be only seconds to deliver and securely.

 

What do you guys think? Is this an easy way of thinking about XRP and explaining it?

 

 

[OlivierA]

5 hours ago, JoelKatz said:

I am sorry that wound up misleading people. Let me explain what happened:

Originally, we were going to have three demos at consensus. XRP to ETH using ILP, Banking payments using XRP/paychan under ILP, and a demo of a future vision of a micropayment system over ILP.

We were also going to do several corporation partnership/strategy announcements, including the lockup and the new exchanges and so on at consensus.

It reached the point where there just weren't slots for all the demos or time to do the releases. And it wouldn't have given people time to track us down to discuss new partnerships and so on if those announcements motivated them to talk to us. Also, we expected everyone else to announce at consensus, so we might have gotten lost in the noise.

So the strategy changed. We announced more things before consensus and at some point, we just decided to announce pretty much everything before consensus to go in consensus on a high with everyone already wanting to talk to us about what we were doing.

The strategy, I think, worked well. We did enter consensus with a high level of excitement. Lots of people wanted to work for us, and we had lots of high-level talks with all kinds of people. We had lots of companies offer to run validators in lots of jurisdictions. It was awesome.

But the downside was that we didn't announce very much new at consensus, though that was the original plan.

Again, I apologize for misleading people. That was totally my fault. I was really excited about we had coming and really couldn't resist sharing my enthusiasm. I'd say I'll be more careful in the future, but I think that would be kind of a sad thing. Know that I will always try to be completely honest and say only what I genuinely believe but that sometimes things will change and that is beyond my control.

Thanks David for being so proactive with the community.

I have to say, I disagree with that strategy. It might pay in the long term, but the short term result is incertitude and the market reacted to it.

What could have been done. First, I believe that having the time at Consensus to discuss with the participants is crucial, that helps create new alliance, etc. So, it is not "your" job as you know to be relaying info to the community or even trying to set things right (steemit fud). Even though we really really appreciate it when you take the time come here and everywhere else, it shouldn't be to talk about  the "communication strategy". Sorry if I'm bias here, but Ripple has to step up their communications. We've mentioned that many times. Why isn't happening, that's something we can't understand.

Second, throwing everything you got in the news before the Consensus was not a strategy. What could have been done is target the audience of the Consensus, throw everything related to that specific target audience before so you get all the buzz you say you did have, and wait for everything else that was community/small investor related to be release during the Consensus. If the ETH demo was sent by email, well, I didn't see it, and that's not a good way to put up front something that might be interesting to us.

Third, ETH owned the message during Consensus. We barely saw Ripple...and we did because we were really searching for it. When you look at Twitter's message, Hayden comes first followed by someone who really don't like you.  We should have had minute by minute details info relayed through the network like an Olympic competition.

Fourth, I was very shocked to see pretty much every attendees/speakers talking about Bitcon, Ethereum, (skipping Ripple) and going for fourth, fifth, etc. place cryptos in their descriptions. Were all those people  briefed before their conference about Ripple and XRP? Like Abigail P. Johnson, Chairman & CEO Fidelity Investment who during her presentation repeated constantly that she's looking for partners ("please come see me") and surprised us with here BTC/ETH experiment: they are mining and testing with employees practical uses. One thing that really came up was when she said that one of her most BTC enthusiast lost his enthusiasms when ask to buy and return something and didn't quite worked because his Bitcoin were stuck for hours  ... and Gabriel Abed from Bitt and Ryan Peterson from the Central Bank of Aruba making a case how much they are looking for a pattern to build  a fast and inexpensive solution for the Caribbean commerce "alliance." Those people and many more were announced a long time ago, I hope they were approached "before" Consensus, but it didn't felt like it.

Fifth, the big big news everyone was waiting for. Some video of a private conference was posted on the Ripple News Youtube channel. This quality is pretty bad. Shaking hands, vertical shot, bad audio. For a moment, we thought that "this" was the big announcement we all missed. Of course that should have been shot with a good camera or release has a "fan" clip, but it wasn't. So, damage control was needed...and someone should have told us that all the news were already out like you said.

So, pardon my English, but, I don't see any strategy other than "let's try this", or maybe "this"..and hope for the best...and David and Nik will go to XRPchat and tell them what went wrong if it doesn't work.

Yes, expectation were very high, I'm very disappointed!

Thank you again, you guys are doing an incredible job...I hope you can go back to what you do best  and come chat about those nice projects you're working on instead of doing damage control.

 

 

 

[JBCryp]

Joel thanks for filling us in.. Back to the question that Jun had, can you answer  that for us?

 

Thanks!

[vanhalendlrband]

6 hours ago, JoelKatz said:

Here's how I've been explaining it recently:

1) There's a business that Ripple has providing transaction processing software to banks. It can work without XRP and without any blockchain tech. It improves international payments because it uses end to end messaging to track payment progress, ensure all necessary compliance information is in the transaction in the first place, precisely knows the fees ahead of time, and provides prompt, reliable confirmation of delivery. This is a big enough improvement that banks will use it even if the actual money moves the same way it does now.

2) Ripple has built a public blockchain with a native asset. It has various nice features -- a distributed exchange, good governance, fast transactions, high transaction volume, native multisign, key rotation, payment channels, and so on.

3) The hard part about getting banks to use a blockchain isn't the blockchain, it's everything else. It's governance, compliance, integration with banking systems, and so on. our software does all that stuff, so if routing a payment through XRP is a penny cheaper, the bank can take it. Then we have to make XRP cheaper somewhere that matters.

4) We don't target the biggest corridors like USD->EUR because they're efficient. We target an inefficient, but fairly high volume, corridor. For example, EUR->INR. Market makers have very small profit margins, so even a small incentive to place good EUR<->XRP and XRP<->INR offers can beat what banks are getting now through the correspondent banking system.

5) Once we get one corridor, we hang other countries off each end of the corridor, expanding the reach of XRP.

6) Now, say you're a company like Seagate that pays out money all over the globe. If you have to make payments to five countries in our corridors, you'd rather hold one pile of XRP than five piles of different currencies. That increases demand.

7) Now, say you're a company like Apple with a huge pile of cash. If you want to snap up other assets cheap, you'll need to hold the asset the people selling want. If they're going into any of our corridors, they'll want XRP, so you would want to hold it.

8) If that succeeds, it should massively increase the price of XRP.

9) Ripple holds a huge pile of XRP and will be the dominant XRP holder for the foreseeable future. But we're primarily VC financed and we get revenue from selling software to banks. We don't use our XRP as a bank account but as a strategic weapon. (Though we do sell some for revenue, we just don't need to for salaries or to keep the lights on.)

10) Anyone who gets XRP from us as part of some deal with a lockup has their incentives aligned with ours. They want the long-term price of XRP to go up too.

I think that pretty much covers our vision. There is, of course, no guarantee of success. This is a pretty crazy thing we're trying to do. But we have 160 full time employees and have raised tens of millions of dollars. We've hired many amazing people, and our track record speaks for itself.

I wish I didn't make some mistakes trading or i'd still have a lot more I got burned investing in something else with a margin and lost buttloads of my XRP which really sucked but I still got some and trying to buy more but this BTC prices are insane lol. OH man. I wish I still had what I had stupid margins and DDOS at polo that totally screwed me investing in something else right before the "DDOS" at Polo.

Do you know what is a realistic burn rate and does that also affect the price?

Also, what is realistic. Is it ever realistic to say 1 xrp = 1btc? Or we talking like 1 xrp = 0.050 which would be amazing as well?  I would be thrilled with 0.001.

I've seen coins go from prices XRP is at now and up to .0016 in one day (Pascal in this example) and then of course right back down lol but you get the idea. Things can happen quickly.

I guess also part of my question is being that XRP is around .0001 BTC's now, and how high BTC prices are say in Canada is 3700 dollars for a BTC with 10.50 an hour minimum wage. Would you say to a mcdonalds worker buy 50 dollars XRP a month it will be like someone who bought BTC 7 years ago and what not? Is that a realistic goal of XRP from the Ripple Group and its investors? I just would like to hear from an actual Ripple Employee as I own XRP and would like to know some of this if that's ok to ask, I know there's no guarantees but goals are ok with me I know that its not 100% but what are the realistic expectations I guess i'm trying to say for a possible XRP in BTC price goal