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    Home Unlabelled Ripple Daily Ripple/XRP Discussion Thread 09/15/18 [Questions and Price Predictions]

    Ripple Daily Ripple/XRP Discussion Thread 09/15/18 [Questions and Price Predictions]

    September 14, 2018

    Ripple Daily Ripple/XRP Discussion Thread 09/15/18 [Questions and Price Predictions]

    Daily Ripple/XRP Discussion Thread 09/15/18 [Questions and Price Predictions]

    Posted: 14 Sep 2018 09:07 PM PDT

    Hello! It's Saturday. Welcome to our daily discussion thread.

    You can discuss anything related to Ripple and XRP here.

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    Patience Is A Virtue

    Posted: 14 Sep 2018 03:59 PM PDT

    This post is an anecdote to hopefully prepare some of you for a ride you may not be expecting. I believe many within the cryptocurrency sphere are simply waiting for "the next bullrun to the moon" and I see it on this subreddit as well.

    The summer of 2014 a buddy of mine and I decided to put a couple grand into penny stocks, weed stocks to be precise, it was the hot topic at the time much like cryptos are today. We quickly got incredibly lucky and turned that $2,000 into nearly $90k within about a month. Over the next two months we kept trading...and trading...and trading... our way down to $30k.

    At this point we found a company called Tweed, they were going to IPO onto the Canadian stock exchange, were one of 8 marijuana growers and distributors to be licensed by Canada. They were working hand in hand with regulators, had audited financials, and followed all the rules. We bought in with our $30k at about $3 a share. For a month or two the stock dragged down and sideways while all the other penny stocks were making gains of 50,100, 200% some days.

    We wanted that action we sold everything and got back to trading eventually losing our way to about $5k.

    It's been 4 years since that summer, Tweed is now listed on the nasdaq as Canopy Growth Corp. sitting at a healthy $61.52 a share. We missed the opportunity of a lifetime due to impatience, being young, not understanding the value of a solid business plan versus false promises.

    XRP is my personal second chance to not fuck up. A digital asset with several use cases, backed by several organizations whose sole goal is to see it succeed, working with regulators, a solid business plan, and goals for several years to come.

    I will not lose patience, 2-4 years is a drop in the bucket if XRP does what I believe it will do. Take the time to understand your investment, understand that "moon eoy" is not the goal, utility and use case are. XRapid, Coil, Codius, will more than likely NOT take us to the moon anytime in the next 6 months. I believe we will see slow but steady growth once XRapid is announced, there may be fomo due to the speculators but utility will drive the price one day. I believe we hold a digital asset that will change the world, in time, and one day the patience and and investment will be worth it.

    submitted by /u/UnderstandingNow
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    Part Owner of the Technology (XRP)

    Posted: 14 Sep 2018 08:07 PM PDT

    One of the things I think people struggle with is the relationship between their investment in XRP as a digital asset and ownership in Ripple the company. What is often made clear is that ownership in XRP tokens does not denote ownership in Ripple in the classic sense, as an investment security, like a stock or bond.

    I would argue ownership of XRP is actually better than a bond or a stock and I present the following reasons why:

    1. XRP's supply is finite, and integral to the ledger itself. It is therefore central to the use case and utility that anyone hoping to utilize the benefits of such a confederated consensus ledger hopes to derive (scalability, settlement speed, etc.) A stock or bond, or any classical investment vehicle, has no such properties, corporations can function and thrive without them in the public sphere. Stock and bond issuances are centrally controlled and are at the discretion of the majority holders.

    2. Owning XRP is literally owning part of the technology itself. In the most technical sense, the token is the portion of the blockchain code necessary for trustless value transfer, which depends on no one single agent. Can you imagine how valuable it would be to own part of Google's search algorithm, or the code that underpins Apple's App store? You can't. The technology is all at the end of the day, Ripple just happens to have and recruit the best people to leverage it. There are lots of smart people in the world that can leverage it too.

    3. Detractors argue that ownership in XRP does not automatically confer the success and profitability of Ripple. The most often cited example is how the number of xCurrent contracts signed to date are having no immediate effect on the speculative market price of the token. This is true, however it ignores the accumulating of future leveraged network effects to be leveraged by the Ripple team (with xVia/xRapid). Let's not forget, this low beta correlation works both ways. The fact that ANY corporation that leverages XRP as a digital asset can incur value on the token when used in utility (i.e. COIL or as yet unheard of companies in some garage somewhere) to me reflects a future added benefit, not a negative. As an investor I am potentially holding a digital asset that is inherently diversified, not singularly tied to the success or failure of one Corporation. Can we say that about any stock or bond presently in existence? What are the real benefits of stocks anyway, voting rights, dividends, bankruptcy entitlements as a creditor? How do these benefits compare to the possibility of real diversification when a fully realized ecosystem is developed? What better hedge against bankruptcy or corporate failures is there than a technology that can continually rise from the ashes depending on it's wielder? When the value of my asset is reinforced by a legion of corporations, not just Ripple or COIL, it begins to reflect and economy, not a company.

    4. When I hold stocks or bonds, how liquid is that asset? What degrees of freedom do I have with it? Can I tell fidelity to bundle it with my retirement account, only if their fund managers wish it so. Can I transfer it to another firm to manage on my behalf for lower fees? Can I directly leverage it as collateral for raising capital loans without having a team of corporate contract lawyers? Can I pay global debts and settle instantly for my vendors with a bond or stock without incurring massive hurdles and fees?

    Freedom means many things, but to me, cryptographic digital assets that settle via consensus, and without intermediates, begs the imagination, and makes traditional assets seem like playthings.

    submitted by /u/Santiago_Velez
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    A Journey Of A Thousand Miles: XRP

    Posted: 14 Sep 2018 05:20 AM PDT

    https://xrpcommunity.blog/a-journey-of-a-thousand-miles-xrp/

    The journey may have been a thousand miles, but the destination is now clear for XRP.

     

    As executives from Ripple continue to prompt governments - both in the US and in Japan - for regulatory clarity, they have not stopped expanding the RippleNet network or its list of clients.

    Chris Larsen announces that Ripple has signed over 100 clients to production contracts, and Ryan Zagone, Brad Garlinghouse, and Cory Johnson all make high-profile public appearances, emphasizing similar points in unison.

    ACI Worldwide, the US-based payments giant, mentions Ripple technology in a recent interview, and the Japanese Banking Consortium readies MoneyTap for initial release.

    Ripple also settles its lawsuit with R3 and provides further updates to the upcoming SWELL Conference, which is now only two weeks away!

     

    And in Coil news, an independent developer releases a step-by-step guide for how Wix website owners can sign up for web monetization.

     

    Winding things up, WietseWind reveals plans to help people monetize their own extra, home-generated electricity, and a new Python library to access the XRP Library is released by a community developer.

     

    Hope you enjoy the read! Please leave any feedback below.

     

    Thanks & Sincerely,

    -Hodor

    submitted by /u/Hodor7777
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    can xRapid only go live in a bull market?

    Posted: 14 Sep 2018 05:26 PM PDT

    We all know that when crypto is in a general bull market, there is much more interest for digital assets by everyone – speculators, businesses, governments, banks. In your view, could/would xRapid go live by the end of the year as Ripple plans if the general crypto market continues to slump, or is it able to go live regardless of the market conditions?

    Please leave your thoughts below.

    submitted by /u/googo321
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    Ripple Cory Johnson on Blockchain Accenture @ Milken Institute Asia Summit 2018

    Posted: 14 Sep 2018 03:47 PM PDT

    XRP Will be #2 By Market Cap before EOY 2019

    Posted: 14 Sep 2018 03:55 PM PDT

    Last year the market cap of ETH was roughly three times that of XRP. Today it's less than double. Unless some ETH second coming happens it will be overtaken by XRP.

    With this in mind I wonder about the following...

    • Is market cap really meaningful in any way?
    • If not what's a better indicator of an assets strength?
    • What does it really mean other than momentum if XRP exceeds ETH in market cap?
    • Given that 1 BTC can be subdivided more than 1 XRP, is XRP market cap comparable against BTC?

    ​

    submitted by /u/cenuij
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    BitGo receives a status of a regulated custodian for crypto, adding to Bitcoin, Ethereum, XRP, and other coins recovery

    Posted: 13 Sep 2018 11:12 PM PDT

    Roger Ver gets into argument with BTC supporters who bring up Ripple XRP. Amazing how people who're into crypto don't know enough about XRP and Ripple.

    Posted: 14 Sep 2018 05:27 AM PDT

    Lets try and collect some examples here

    Posted: 13 Sep 2018 11:44 PM PDT

    So I was thinking about Ripple's "foot in the door" strategy. Sell the banks on Xcurrent and slowly introduce them to the benefits of upgrading to Xrapid. more savings faster etc etc.

    I was wondering if we could come up with some examples of companies that have used this strategy in the past to great success? Can anyone come up with some examples of how successful this has been in the past?

    submitted by /u/R4ID
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    What can we, as investors, do with XRP?

    Posted: 14 Sep 2018 07:23 AM PDT

    You earn money through interest when banks hold your money so does anyone know of anything, which we can use to generate some passive income while we are holding XRP?

    ​

    Like NEO has GAS dividends for example.

    ​

    It feels like a waste to me, just having X amount of XRP sitting there not doing anything...

    submitted by /u/King_Tommm
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