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    Tuesday, December 19, 2017

    Ripple Daily Ripple/XRP Discussion Thread 12/19/17

    Ripple Daily Ripple/XRP Discussion Thread 12/19/17


    Daily Ripple/XRP Discussion Thread 12/19/17

    Posted: 19 Dec 2017 12:11 AM PST

    Hello! It's Tuesday. Welcome to our daily discussion thread. Put your commentary in here.

    We'll probably add more to the body of these threads, but for now, just go read the rules: https://www.reddit.com/r/Ripple/wiki/rules

    Also, make sure to report any comments or posts that don't follow the rules!

    If you would like to have more discussions with Ripple supporters, please feel free to join our social channels

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    The invitation link - https://discord.gg/qgfVERN

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    submitted by /u/AutoModerator
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    DD on Ripple's Board of Directors

    Posted: 19 Dec 2017 04:07 PM PST

    With the appointment of Zoe Cruz, I did some research on the entirety of Ripple's board members and compiled in list form their employment history, accolades/awards, and other board relationships. I know most of this info is on Rippple's Board site, but having it in list form is sometimes easier for me to read and process.

    I put this together for my own research, hoping this will be helpful to others. Seeing the many accomplishments and powerful connections Ripple's board has made me even more confident of my investment in XRP. To me, XRP is an investment in people, not just a currency or a technology. If I can trust the people running the show, it gives me more faith in XRP's future.

    Most interesting person to research was Susan Athey. She is also on the Board at Expedia.com, who owns HomeAway, an AirBNB competitor. I know people have been guessing what those two household names are, and I've seen AirBNB including in the discussion. If people are speculating that AirBNB is one of the names, I think it makes sense that a competitor like HomeAway/Expedia should be considered as well. But this is just pure speculation.

    If you're interested, Susan Athey also held a Quora session back in Jan 2016. She answered a couple questions on the future of Bitcoin and Ripple.

    Anyways, here's the list:

    Gene Sperling

    *President, Sperling Economic Strategies (Present)
    *Director of the National Economic Council (2011-2014)
    *Counselor to Treasury Secretary Timothy Geithner (2009-2011)
    *Chief Economic Adviser for Hillary Clinton's 2008 Presidential Campaign
    *Director of the National Economic Council for the Clinton Administration (1996-2001)
    *Deputy Director of the National Economic Council for the Clinton Administration (1993-1996)

    Founder and Director of the Center for Universal Education at the Council on Foreign Relations and the Brookings Institution.

    Named one of the 100 Most Powerful People in Finance worldwide in 2013 by Worth Magazine.
    Named one of the 50 Most Powerful People in Washington by GQ in 2012.

    Takashi Okita

    *CEO, SBI Ripple Asia (2016-Present)
    *Co-founder and CEO, econtext Asia, leading provider of online payment services and e-Commerce solutions (2012-2015)
    *Co-CEO, SBI Research Co.,Ltd (2009-2015)
    *Co-founder and CEO, VeriTrans, leading online payment solution provider in Japan (2005-2015)

    Non Executive Director of SOFTBRAIN Co,.Ltd. (2014-2017)
    Non Executive Director of Clara Online, Inc. (2015-2017)
    Council member for the Financial Agency of Japan (2014-2015)

    Named one of the "100 People to Change Japan" in 2014 by Nikkei Business

    Anja Manuel

    *Co-founder and Managing Partner, RiceHadleyGates LLC (2009-Present)
    *Lecturer and Fellow, CISAC, Stanford University (2009-Present)
    *Counsel, WilmerHale (2007-2009)
    *Special Assistant to the Under Secretary for Political Affairs, Nicholas Burns, U.S. Department of State (2006-2007)
    *Associate, WilmerHale (2001-2005)
    *Investment Banker, Salomon Brothers International (1996-1997)

    Board member:

    Overseas Shipping Group, Inc.
    Flexport Inc.
    Center for a New American Security
    The Crown Prince of Bahrain
    The American Ditchley Foundation
    Governor Brown's California Export Council

    Benjamin Lawsky

    *CEO, The Lawsky Group (2015-Present)
    *Superintendent of Financial Services, Department of Financial Services, New York (2011-2015)
    *Chief of Staff for Governor Andrew Cuomo, New York (2011)
    *Special Assistant to the Attorney General (2007-2010)
    *Assistant United States Attorney, US Attorney for the Southern District of New York (2001-2006)
    *Chief Counsel to Senator Charles Schumer, US Senate Judiciary Committee (1999-2001)
    *Trial Attorney, US Department of Justice (1997-1999)

    Ken Kurson

    *Senior Managing Director, Teneo Strategy (2017-Present)
    *Editor in Chief, Observer Media (2013-2017)
    *Columnist, Esquire Magazine (1996-2016)
    *Executive VP, Jamestown Associates (2008-2012)
    *COO, Rudy Giuliani Presidential Committee (2006-2008)
    *Deputy Communications Director , Giuliani Partners (2002-2006)
    *Editor at Large, Money Magazine (2000-2002)
    *Guest Analyst, CNN (1995-2000)
    *Editor of GreenMagazine.com, Bankrate, Inc. (1998-2000)
    *Staff Writer, Worth Magazine (1995-1997)
    *Associate Editor, United Media (1995-1996)

    Named 2014's Journalist of the Year by Algemeiner magazine.

    Brad Garlinghouse

    *CEO, Ripple (2017-Present)
    *President and COO, Ripple (2015-2016)
    *CEO and Chairman, Hightail, formerly YouSendIt (2012-2014)
    *President, Applications and Commerce, AOL (2009-2011)
    *Sr. Adviser, SilverLake Partners (2009)
    *SVP Communications, Yahoo (2003-2008)
    *CEO, Dialpad Communications (2000-2001)
    *General Partner, @Ventures (1999-2000)
    *Bus Dev, @Home Network (1997-1999)

    Board Member:

    Ancestry.com (2013-2016)
    Tonic Health (2011-2016)
    Animoto (2012-Present)

    Zoe Cruz

    *Senior Advisor, Promontory Financial Group, LLC (2016-Present)
    *Independent Non-Executive Director, Old Mutual (2014-Present)
    *Founder and CEO, EOZ Global (2013-Present)
    *Founder and CEO, Voras Capital Management LP (2009-2012)
    *Co-President, Morgan Stanley (1982-2007)

    On Forbes' Most Powerful Women list for three years, 2005 (#16), 2006 (#10) and 2007 (#34).

    Susan Athey

    *Professor, Stanford Graduate School of Business (2013-Present)
    *Professor, Harvard (2006-2012)
    *Professor, Stanford University (2001-2006)

    Member, Board of Directors at Expedia, Inc. (2015-Present)
    Advisor, Nyca Partners (2014-Present)
    Consulting Economist, Microsoft (2007-Present)
    Advisor, XSeed Captial (2014)
    Member, President's Committee for the National Medal of Science (2011)
    Executive Committee Member, American Economics Association (2008-2010)

    Numerous accolades, including:

    John Bates Clark Medal (2007)
    Elaine Bennett Research Prize (2000)
    Elected to National Academy of Science (2012)

    Chris Larsen

    *CEO and Co-Founder, Ripple (2012-Present)
    *CEO and Co-Founder, Prosper.com (2005-2012)
    *CEO and Co-Founder, E-LOAN (1992-2005)

    Advisor, Distilled Analytics, Inc. (2016)

    Links used:

    https://ripple.com/ripple_press/former-chief-white-house-advisor-gene-sperling-joins-ripple-labs-board-of-directors/
    https://en.wikipedia.org/wiki/Gene_Sperling
    http://www.econtext.asia/
    https://www.bloomberg.com/research/stocks/people/person.asp?personId=65309669&privcapId=7713659
    https://www.linkedin.com/in/takashi-okita-ba03822b/
    https://www.linkedin.com/in/anja-manuel-26805023/
    http://anjamanuel.com/anjamanuelbio/
    http://ricehadleygates.com/
    https://en.wikipedia.org/wiki/Benjamin_Lawsky
    https://www.linkedin.com/in/ben-lawsky-6aa97014/
    https://www.linkedin.com/in/ken-kurson-919a7a8/
    http://www.teneoholdings.com/leaders/ken_kurson
    https://www.linkedin.com/in/bradgarlinghouse/
    https://ripple.com/company/board-of-directors/
    https://www.linkedin.com/in/zoecruz/
    https://ripple.com/insights/zoe-cruz-joins-ripples-board-directors/
    https://www.oldmutualplc.com/people/zoe-cruz.jsp
    https://www.forbes.com/lists/2007/11/biz-07women_The-100-Most-Powerful-Women_Rank_2.html
    https://en.wikipedia.org/wiki/Forbes_list_of_The_World%27s_100_Most_Powerful_Women
    https://www.forbes.com/lists/2005/11/Name_2.html
    http://www.expediainc.com/about/leadership/
    https://www.linkedin.com/in/susanathey/
    https://en.wikipedia.org/wiki/Susan_Athey
    https://www.linkedin.com/in/chris-larsen-7721772/
    https://en.wikipedia.org/wiki/Chris_Larsen

    [edited to deal with some spacing issues]

    submitted by /u/koodlemind
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    Ripple Launches New Infrastructure Innovation Initiaitve

    Posted: 19 Dec 2017 12:17 PM PST

    Zoe Cruz Joins Ripple’s Board of Directors

    Posted: 19 Dec 2017 07:06 AM PST

    MIchael Arrington, founder of the $100 million XRP hedge fund, suggests that XRP will be the highest performing asset of 2018

    Posted: 19 Dec 2017 07:06 AM PST

    If you go to Mr. Arrington's Twitter profile and the tweets that he has favorited, or "liked" (https://twitter.com/arrington/likes), you find that he has favorited a tweet (https://twitter.com/xrp_news/status/942961973733576704) saying the following:

    "I truly believe XRP will be the highest performing asset of 2018.

    xrp #xrpthestandard #ripple"

    The tweet was posted 11 hours ago. If anyone knows something that we don't, it's probably Mr. Michael Arrington.

    Conclusion? HODL.

    submitted by /u/OuchJargon
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    Showing support for Ripple

    Posted: 19 Dec 2017 08:20 AM PST

    I run a small design/marketing company in the UK.

    I invested in Ripple in August this year and finally decided that I would show my support for Ripple in the only way I could think of by offering it as a payment method for my current and future clients.

    My current client base include companies like Nissan and Siemens.

    I'm no 'household' name, but I wanted to show my support and push Ripple to businesses in my local area. Any other small business owners on here who would consider doing the same?

    edit: Getting quite a few PMs from people on here interested in my team doing various design jobs for them in exchange for Ripple as a result of this post, this wasn't meant as a cheap way to advertise my company (if it was I'd have linked to my website and didn't for this very reason, but I am happy to facilitate your requests, I appreciate your interest. Just PM me if anyone wants anything done.)

    submitted by /u/Veternus
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    @Ripple: RT @diliprao: Thrilled to lead new Infrastructure Innovation team @ripple to engage with Central Banks and Market Infrastructures and build out the #IoV! https://t.co/vd0XLLde8O

    Posted: 19 Dec 2017 01:42 PM PST

    Bitcoin Cash, does this impact XRP?

    Posted: 19 Dec 2017 06:30 PM PST

    The creators and folks at XRP seem to really value stability. When their business model is focused on licensing to banks, known quantity/known price, one of the worst things that could happen is huge swings right?

    Looking at this BCash and the crazy swing it's had, that may be an argument why XRP doesn't hit coinbase right? The creators may not want it to. While it'd be a great windfall for retail investors, that's not really who Ripple wants to make happy.

    submitted by /u/Msuduster
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    Nice little Ripple mention

    Posted: 19 Dec 2017 12:08 PM PST

    Good News for Ripple - Possible Foreshadowing

    Posted: 19 Dec 2017 12:13 PM PST

    I very much dislike CNN but a coworker sent this my way since it mentions Ripple...

    "SEC suspends trading of red-hot bitcoin stock"

    http://money.cnn.com/2017/12/19/investing/bitcoin-crytpocurrencies-sec-bubble/index.html

    The above link is a bit sensational, but what I am happy about is the below quote...

    Within the article:

    "Brad Garlinghouse, CEO of Ripple, a company that developed the Ripple XRP cryptocurrency and also works to license blockchain technology with banks, says he wants to cooperate with agencies like the SEC to weed out bad actors. "Many of the ICOs are more frauds than real businesses. The industry needs to work with regulators and not be in the shadows," he said. "ICOs are taking advantage of grey areas in securities law. What worries me the most is some of the hype in the system."

    I think this is a hint to the sleeping masses to accept Ripple and forget everything else.

    Good news? I am definitely optimistic to keep hearing Ripple in the mainstream news (as much as I can't stand the outlets supporting our cause). It appears that 2018 has great years to come for some, a very bad year for others.

    submitted by /u/GuillaumeTheGreat
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    Xpost from r/btc. Funny stuff but why is Ripple Little Finger you think?

    Posted: 19 Dec 2017 02:59 PM PST

    Buy and Hodl XRP because of this...

    Posted: 19 Dec 2017 09:18 AM PST

    First, this subreddit has gained 20,000 followers, an increase of probably over 40% in the last week. That by itself is remarkable, but not why I'm here.

    I'm assuming a couple of parameters, combined with some facts acquired on the internet.

    SWIFT processes daily an estimated $5 trillion volume (more?). Ripple's use case is to penetrate this market. Let's say they do, and assume one day they capture a mere 1% of this market, or $50 billion in international value transfer daily.

    Banks that adopt Ripple's use case will need to acquire XRP. There's 38 billion available, most of which is probably held by people like us and some FIs. Let's say 19 billion, or half, will be available to banks that adopt the use case.

    With these conservative assumptions, XRP would need to be valued at $2.63 (=50/19) to sufficiently process that volume. Assuming we Hodl of course.

    The banks are clearly interested. It's just a matter of functionality and time.

    submitted by /u/meowmix67
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    Very excited for 2018 (HODL!)

    Posted: 19 Dec 2017 02:36 PM PST

    Piece of mind! Moved all my XRP off exchange into paper wallet!

    Posted: 19 Dec 2017 12:36 PM PST

    This wallet will now go into my safe, and 2 other locations to be sure my investment is safe.

    For anyone interested in doing the same, creating a paper wallet is very easy (and very secure!).

    https://www.reddit.com/r/Ripple/comments/6f4juz/psa_how_to_make_a_paper_wallet/

    Essentially, you will have a piece of paper with a new Ripple wallet address and a secret key. You will need the secret key to identify as the owner of the wallet. You can check your Wallet balance here (http://ripplerm.github.io/ripple-wallet/) and when you identify with your secret key you can send XRP out from the paper wallet.

    In time, you will need to transfer your XRP to an exchange to trade for fiat currency - if that is your goal of owning Ripple XRP.

    submitted by /u/Epohax
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    How high could XRP realistically go?

    Posted: 19 Dec 2017 07:24 PM PST

    Right now it's at ~.70 cents and already the fourth largest crypto on the market.

    Bear with me here, I'm no math genius:

    •Market cap currently is roughly 1/10 of BTC

    •if it where to reach the level of BTC, then each XRP would need to be worth about 7 dollars a piece to reach that market cap

    Would that make 7$ a reasonable high end goal?

    Edit: Am no crypto guru either

    submitted by /u/SimplyCmplctd
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    Houston prepare for takeoff...

    Posted: 19 Dec 2017 05:07 PM PST

    @Ripple: Our Managing Director of APAC and MENA @diliprao discusses the benefits that distributed ledger technology brings to the remittances industry via @ThePaypers https://t.co/DosJ2fAV3l

    Posted: 19 Dec 2017 01:32 PM PST

    Acquiring Ripple XRP Seems Quite Difficult

    Posted: 19 Dec 2017 08:57 PM PST

    It seems on any given day any of the exchanges has chosen to remove XRP as an exchangable asset. I've been waiting days for my Bitstamp verification to go through so I could just buy XRP with USD. Today after the Bitcoin Cash run, as Bitcoin and XRP went down in value, I decided to purchase some Bitcoin at the slightly lower rate than the past week. I'd like to exchange it for XRP while it still hovers around 70 cents on the USD, but I can't seem to find an exchange anywhere that will convert BTC to XRP.

    I've tried Shapeshift, Changelly, Evercoin and have had no luck.

    Any suggestions?

    submitted by /u/freeofdistortions
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    Ripple from the Banker's Perspective!

    Posted: 19 Dec 2017 08:55 PM PST

    Invest in ripple, but really understand the underlying reason for why (for the new investors)

    Posted: 19 Dec 2017 06:21 AM PST

    I'm a big fan of ripple, i think the tech is great, the industry backing is promising, and that its a long term winner. But if you put your money into any investment because "it went up, i want to make money too" you're just asking to lose money. There are 2 types of people (probably overly general, but just for this example) who buy ripple.

    1. I did my research, believe in the tech, even if the bubble pops, I think it will come out okay. I understand its a risk, am okay losing this money.

    2. Ripple just went up 1000%, i want to make 10x on my money, heres 2k even tho I really don't want to lose 2k, I want 20k!!!.

      It's just human nature. Person 1 is an example of someone stuck in the "bigger sucker" scenario. You're buying it to try and sell it for more to a bigger sucker down the line. Well guess what, you could be the bigger sucker, and if you get stuck with the currency, even for a week, as it drops you'll want to sell ASAP to minimize your losses.

    Person 1 will be content regardless of the price. Sure, everyone likes money, but they believe in the tech and can weather any dips in the price. Person 2 will freak if half their investment goes away tomorrow, likely sell off, and take a huge loss.

    Again, I believe in ripple. But please, do your homework. Protect your money, don't just throw it on the pile and hope it spats out 10x your initial investment. Keep it off the exchanges. To the moon!!

    submitted by /u/wardexe
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    #3 Major things that can happen to XRP price before 31-12-2017.

    Posted: 18 Dec 2017 09:43 PM PST

    1. XRP/USD remains the same
    2. XRP/USD rises
    3. XRP/USD falls

    Now everyone has their answer. Let's get back to more fundamental discussions. Also no more memes please :) And for the one posting screenshots of XRP breaking X price no exchange Y blablabla, WE ALL CAN SEE THAT TOO on the exchange itself.

    submitted by /u/Muggeman
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    There is not that much XRP left.

    Posted: 19 Dec 2017 11:06 AM PST

    A person or institution came in and bought 900,000,000 XRP. There are transactions where people are coming in and taking 100k plus. It's only a matter of time when 30 or so banks come in and take a billion or so each... 30+ billion is a very large number but in retrospect of the financial world - it's not really that much.

    submitted by /u/netherlanddwarf
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    Dilip Rao (head of development for Ripple Asia) explains how Ripple is helping expats remit funds back home, quick and cheap.

    Posted: 19 Dec 2017 06:40 AM PST

    [VIDEO] Ripple and XRP Brief

    Posted: 19 Dec 2017 02:27 PM PST

    My parallelogram shows that Ripple will hit $1 in under 48 Hours (Expert TA analysis)

    Posted: 19 Dec 2017 01:03 AM PST

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