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when will XRP moon
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Date: January 19th, 2018 10:27 PM Author: laughsome indigo whorehouse clown
a currency literally being beta tested by the banks to reconcile books, which of course could lead to this being the only currency actually implemented officially.
Once banks books are reconciled with ripple, other corporate entities could try out reconciling with the banks using ripple (e.g., with short term loans, with cash balances, etc).
Why is this not the biggest sleeper coin of them all?
(http://www.autoadmit.com/thread.php?thread_id=3864519&forum_id=7#35193510) |
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Date: January 20th, 2018 4:28 PM Author: Disturbing senate
this is the basic question no one answers well. banks aren’t stupid. they’re not gonna buy up ripple on the open market when all they really need is the distributed ledger technology (which they’ll probably replicate on permissions blockchains). the native ripple asset seems terrible as a speculative asset.
bigger point: isn’t bitcoin the only logical long term crypto investment? or some other crypto that emerges as digital gold? us dollars are pretty widely adopted but no one buys dollars to speculate on them. if eth’s value will be to pay for gas, and ripple’s (tenuous as fuck) value proposition is to facilitate cross border transactions by banks, it’d actually be counterproductive for them to appreciate. where am i wrong?
if you can’t tell i’m slowly evolving into a bitcoin maximalist
(http://www.autoadmit.com/thread.php?thread_id=3864519&forum_id=7#35198251) |
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Date: January 20th, 2018 4:45 PM Author: dashing coffee pot center
In XRP's case, they have said they expect to eventually become ubiquitous for all sorts of daily payments and communications use cases but are focused on cross border transfers in short term because that best justifies value.
One thing really interesting to me is that Ripple the company also has a NY BitLience which is the same thing coinbase has for institutional crypto sales. People are speculating this could mean they will eventually be putting out an institutional level exchange similar to coinbase but with XRP as the default native exchange currency.
Assuming x-border is what XRP is used for, the value of XRP has to match the value being sent, or really vica-versa - the actual dollar values being transferred will be what XRP is worth. If that becomes 5 trillion, which is a realistic portion of the cross border market they could capture then each XRP needs to be worth $50 assuming 100 billion total. If it only ever ends up being 1 billion transferred across Xrapid, then XRP should only be a little more than 10 cents. That's the gamble.
Here is good article with cost model paper included: https://www.coindesk.com/ripple-banks-42-percent-international-payments/
(http://www.autoadmit.com/thread.php?thread_id=3864519&forum_id=7#35198341) |
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