Posts

Illinois Is Venezuela and the Solution Is Cryptocurrency

http://observer.com/2017/06/illinois-is-venezuela-and-the-solution-is-cryptocurrency/

What this article really is trying to say is, the "real" money is inflationary in nature and they are being manipulated throughout its not so long history and you have no control over that.

On the contrary, cryptocurrencies (e.g. Bitcoin) are not inflationary (XRP is even deflationary).

This difference makes the latter will increase in value in terms of the "real" money inevitably.

So, buy the fucking every dip of cryptocurrencies and HODL!

Moving money between exchanges? Use XRP. Of course.

How should a market maker (ILP connector) work?

Image
The MM (ILPconnector) will hold XRP.

The MM will buy any fiat currency with XRP if they need to pay in that currency, and it will sell any fiat currency for XRP if that currency is not immediately needed.

One argument against this is MM can hold USD.

I disagree. Because:
USD is inflationary, XRP is deflationaryXRP has some features which make it a better bridging currency on ILP:Autobridging https://ripple.com/dev-blog/introducing-offer-autobridging/Escrow https://ripple.com/build/amendments/#escrowXRP reduces cost, see this graph

Ripple FAQ

All the myths are debunked. All the concerns are addressed.

https://www.xrpchat.com/topic/6539-faqs-the-answers/

Ripple has significant amount of support from central banks

They have dealt and engaged with 38 regulators/central banks worldwide.

https://youtu.be/ac_1NRevZq0?t=5m57s

The real reason Bitcoin hates Ripple

#XRP - taking the fast lane?

Someone just published a paper which includes among other things a valuation model, which by very conservative assumptions would valuate XRP at $2.25 in 2-3 years.
Just published "#XRP - taking the fast lane?". Everyone talking Bitcoin. But smart money started to flow into $XRP. https://t.co/OcTjUYhGzf — Tplus0 (@TplusZero) June 12, 2017