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Callaway

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  1. Correct - they addressed this concern by placing it in escrow lockup. They can only access 1 billion a month, to be used to incentive liquidity, expand business/ecosystem, etc. Whatever is unused goes back into escrow rotation. Explained in full detail here: https://ripple.com/insights/ripple-escrows-...predictability/
  2. Ripple/XRP might actually be coming to Coinbase very soon. This video surfaced on twitter. Looks legitimate. It'd be fairly difficult and time consuming to fake it this well IMO.. https://streamable.com/teoww
  3. Goldman is setting up a trade desk for crypto. Anyone asking if now is still a good time to get in, i'd say the answer is, yes. Institutional money is about to start flowing: https://www.bloomberg.com/news/articles/201...cy-trading-desk
  4. They seem to be doing a countdown of sorts for the fifth anniversary of XRP on their official twitter today. Putting out content every 30 mins or so. Feels like it may lead up to an announcement. The live Q&A with David Schwartz is starting in about 15 minutes or so. Live stream Q&A: Official twitter: https://twitter.com/Ripple
  5. Welcome to the $1 club! Nice to see all this action after months of stagnation. I'm hoping the coinbase rumor comes to fruition. Either way, I think we are going to be blown away by what is yet to come in 2018. I'm also starting to think there's a very good chance we get some news today.
  6. XRP moving for two reasons: 1. Tomorrow is the fifth anniversary of XRP. Lots of individuals speculating they will announce the two huge unannounced partnerships that David Schwartz previously hinted at to coincide. The XRP Q3 report Ripple published said that they would announce additional Xrapid/XRP partners in Q4, and this hasn't happened yet, so there's some possibility this could come to fruition. 2. David Schwartz live Q&A tomorrow ( ). This is really just baseless speculation. Perhaps a nugget will be gleaned if you read between the lines, but I would not expect anything necessarily price positive from this. I expect it to generally keep rising up until the Q&A and then correct to a new level of support, unless he slips something blatantly obvious, or the partnerships are announced prior, which most likely would cause it to hit the afterburners. Just my two cents.
  7. Toast wallet is a good one. You can get it on the Apple app store, or their website for desktop application. Otherwise, Nano S is best hardware wallet for safe storage IMO. Toast wallet link: https://toastwallet.com/
  8. Another bank partnership announced today, and more foundation laid for the future use of XRP: https://twitter.com/Ripple/status/942827310050193408
  9. Banks will care about price for two reasons: 1. Higher price = more liquidity = less volatility. The price right now must increase by default in order to increase liquidity to be able to accommodate the large amount of transactions in the ecosystem Ripple is trying to capture. Ripple is also quite dedicated to the stability of the price, as they understand financial institutions will be wary of a currency experiencing constant high volatility. They tend not to speculate or try to create hype in order to prevent such. XRP has been one of the more stable coins if you really dig down into the price. It's had small periods of massive growth, followed by long periods of stable, fairly small swings. The high supply by nature makes it hard to swing the price significantly often. Also, as you mentioned, the transactions are almost instant, which makes it less of a factor. Furthermore, keep in mind in the future there will be instruments to hedge against volatility if necessary (market makers willing to take on the risk, etc). 2. I think you started to touch on this one, but banks buying in now have a large incentive. They are able to buy XRP OTC as an institutional purchase from Ripple, at a discounted rate. With the price increasing steadily, they stand to positively affect their balance sheet significantly going forward.
  10. I wholeheartedly agree. I think it's been best described as .COM 2.0. Many are simply money grabs and will eventually disappear, the few left once the dust settles will change the world. Anyone getting in for long term holds should definitely perform their due diligence. Fundamentals, real use cases, and utility are key. As with any investment, don't be foolish and put in more than you are willing/able to lose. In the meantime however, short term you can easily make 2-3x your money by trading the widespread mania and heavy speculation.
  11. Looney covered it in general, but refer to my reply to Rawr above for more detail. XRP is mainly intended to be a bridge currency/asset, not to replace fiat.
  12. No problem - the price is paid in a fraction of XRP, or what is referred to as a "drop". The current minimum transaction fee is 10 drops, or .00001 XRP. This transaction cost is only intended to to prevent spam on the network, or someone from creating a denial-of-service attack. The cost is designed to increase with load on the network, making it prohibitively expensive to deliberately or inadvertently overload the network. To expand on your cash vs fiat comment, for Bitcoin it could be argued that it's aim is to attempt to replace fiat, being a decentralized currency where individuals essentially become their own banks, as they hold their own money, and the network validates the transaction. In terms of Ripple/XRP, your comment is more accurate. XRP is intended to be a bridge currency/asset, which operates on the Ripple ledger, and is executed via the consensus protocol, which is Ripple's version of the blockchain. Ripple's goal is to enable what they call the "Internet of Value", which is to say they want to achieve making money move like information does over the internet today. Currently banks have hold large nostro and vostro accounts of various fiats to convert incoming/outgoing international wires. With XRP, the idea is that they will only need to hold it in place of all of these different fiats. In simple terms, whenever a wire is sent, they will simply convert fiat to XRP, the transaction happens digitally in seconds, for a fraction of a penny, and then the receiving bank will convert XRP to the desired fiat, and vice versa. The application can even extend to payments for international companies, such as Uber or Air BNB. When Uber wants to pay a driver in a different country, it's not currently possible to achieve this quickly or cost efficiently. With XRP, they could execute and convert to the desired fiat for a fraction of a cent, and almost instantly. Similar for Air BNB, currently they have to sit on all of these reserves of foreign currencies to allow patrons to pay hosts across the globe. Alternatively, they could just sit on a large pool of XRP and convert payments in and out of the requisite currency. There's so much I left out of my original post. Ripple is covering a lot of ground right now. I encourage anyone interested to peruse www.ripple.com/insights/ to read up on everything they have been working on lately. Also, for anyone trying to understand how Bitcoin, blockchain, and how Ripple's consensus protocol/ledger works, here is a video of David Schwartz from Ripple giving a great blockchain software development presentation, that explains it well:
  13. I'd give bitstamp.net a try. Here is a guide: https://ripple.com/xrp/how-to-buy-xrp-on-bitstamp/ For other options: https://ripple.com/xrp/buy-xrp/
  14. Lol - yeah there's still a little bit of a learning curve for the average person to get into crypto. I'm really hopeful Coinbase will add it, as that's the easiest method. Log on, add funds, buy desired amount. Bitstamp.net probably remains the most painless method as far as XRP is concerned. Someone else mentioned Binance, which may also offer a similar experience. The good news is as crypto goes more and more mainstream, the barriers to entry will fall. The better news is that because of that, the market cap still stands to grow exponentially by default for anyone just getting in now.
  15. Browsing the various Reddit forums for each is a decent way to gather info. I've found there's usually a sub reddit for most of them. You do have to read between the lines a bit, as obviously each one will be somewhat biased. As I'm most bullish on XRP, I spend the majority of my time in that community. There's a great forum for it with a wealth of information, XRPchat.com. Also bitcointalk.org has been around basically since Bitcoin's inception.
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