Which plans did you buy?Their operation is in Iceland where the electricity is cheap and its cold its a win win for them. We would need that kind of hook-up.
I got Contract with genesis-mining.com Here are my Contracts and payouts. If you use the promo "1jibey" you can get 3% off any order. There are 2-year contracts for Alt coins and lifetime contracts for Bitcoin. If you do a credit card transaction they keep your payouts for 30 days to protect from chargebacks, so pay in BTC if you want instant payout to your wallets.
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
PASC at 93k. If you have it and need to get off it you might wanna pay attentionDamn fam !!!
Thanks for all the work you put in
I appreciate it
But yea, I'm just going to hold on to it until Monday afternoon
I'm hoping Monday is when the day traders will start buying again
I just need it to go up enough, roughly around 88000-90000
Then I can dump it & break even & get off this rollercoaster
Or at the very least put in a stop limit so it will auto sell at around that price, to protect my original investment
Stupid me, lesson learned
I PM'd dude. I got all happy for him and shit when I saw the jump
So I have been doing a little reading into what makes ripple go; plus how they are trying to use xrp; From I found a bank would be dumb to implement ripple and not use xrp; check this out: https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/; That article below talks about banks using xrp as an asset bridge; It makes more and more sense now; not only will it drive the fees down for banks, they wont have to hold certain currencies in bank accounts, or certain amounts; that frees up more money for banks; they can just hold xrps; they will set the value and then allow investors to run it up; im starting to see it more and more.....
Ripple and XRP Can Cut Banks’ Global Settlement Costs Up to 60 Percent
Feb 23, 2016 | Monica Long
Blockchain makes big promises. Like: distributed financial technologies can dramatically reduce or even disappear settlement costs. We did the math and while Bitcoin and other blockchain systems are a different story, Ripple can save banks up to 60 percent in costs associated with global interbank settlements. The most exciting part of our analysis isn’t the savings. It’s what the savings enables – entirely new, future-forward transactional applications.
Since 2013, we’ve talked about how Ripple lowers the total cost of settlement. Ripple allows banks to transact directly and instantly so they can service payments on demand.
Today, cross-border payments are processed through a chain of banks with each intermediary representing a potential point of delay, failure and cost. Smaller, respondent banks depend on large correspondent banks to provide liquidity for their cross-currency payments. The process requires respondent banks to outlay liquidity in nostro accounts with correspondent banks. Correspondent banking costs make servicing certain types of cross-border payments, like low-value payments, unprofitable for banks.
By matter of enabling instant, point-to-point settlement, Ripple reduces these liquidity requirements. And by matter of providing end-to-end visibility into each settlement, Ripple compresses payment operational costs associated with reconciling exceptions and failures.
In The Cost-Cutting Case for Banks, we analyze the ROI of a representative respondent bank using Ripple. For this type of bank using Ripple as an infrastructure solution, it can save 33 percent in liquidity, Basel III and operational costs.
International Payment Infrastructure Costs
Global Average Cost: 20.9 bps on payment volume
We then examine the cost structure for global interbank payments using XRP, the native digital asset to the Ripple consensus network, as a bridge asset. Like all digital assets, XRP is a store of value that can be transferred between parties anywhere in the world without a central counterparty. Uniquely, XRP can also support liquidity between any two currencies, acting as a bridge asset.
Instead of holding local currency in nostro accounts around the world, banks (or third-party market makers on their behalf) can consolidate their liquidity for global payments into one XRP account, held on their own balance sheets. This singular XRP pool then allows respondent banks to allocate less total liquidity to service the same volume of international payments in three ways:
- They only have to hold domestic currency and maintain one account with XRP versus many, expensive nostro accounts around the world.
- They only need enough XRP on hand to service their largest expected payment obligations, freeing previously trapped liquidity idling in nostro accounts around the world. XRP allows banks to access liquidity on demand.
- By making markets directly between their domestic currencies and XRP, banks minimize the number of intermediaries involved and their markup on spreads.
As a result, respondent banks that use Ripple with XRP as a bridge currency can save up to 42 percent on costs today and up to 60 percent as XRP gains usage and volatility decreases. To accelerate market thickness and reduce volatility for XRP, Ripple will soon introduce an XRP incentive program to algorithmically rebate market makers who provide liquidity through XRP.
International Payment Infrastructure Costs
Global Average Cost: 20.9 bps on payment volume
By matter of rewiring the world’s financial plumbing so transactional costs are a step change lower, distributed financial technology makes the currently impossible or improbable both possible and profitable. In the world of payments, a technology solution like Ripple and XRP creates unprecedented cost-efficiency and global reach, so banks can profitably serve use cases like global disbursements, international cash pooling, low-value remittances and even micropayments. Beyond payments, this same model of using Ripple and XRP can free billions of dollars currently trapped in collateral accounts or absorbed as costs in any other financial market from repo to derivatives.
The prescient banker doesn’t look at how she can make incremental improvements to today’s systems with blockchain technology, but how she can adopt today to position her bank to survive and thrive through the evolutionary change already underway.
Stay tuned on new developments with XRP at the XRP Portal.
Like I said before, XRP seamlessly converts all currency. It's a package deal. You CAN'T use Ripple and not XRP cause that will defeat the purpose of all the banks using a standard digital currency to settle debts
I have the Sha-256 lifetime Bitcoin mining contract. I also have a Zcash 2year contract, and the 2 year X11 contract which I use to mine Dash. The 2nd pic in my post shows which contracts I bought and how much I paid.
According to the trollbox there should be some GAME news coming out pretty soon
Thanks! I keep reading that cloud mining is a scam, how long have you been using them?
Just found this vid about Ripple
And was sent this earlier, by a friend, doesnt mention ripple but showing that they are on a mission to find a solution quickly as things are happening globally where they need to find a quicker payment solution
https://www.federalreserve.gov/newsevents/press/other/20170126a.htm
And was sent this earlier, by a friend, doesnt mention ripple but showing that they are on a mission to find a solution quickly as things are happening globally where they need to find a quicker payment solution
https://www.federalreserve.gov/newsevents/press/other/20170126a.htm
Any good suggestions on where to place your cash if you're not PnD chasing? Right now I have all my cash in Stratis, seeing more increases than decreases and it has good volume so I may leave it there but I'm also considering pulling from STRAT and dropping in Monero to hold.
Thanks for the heads up too, LegalMoney
I just woke up a few minutes ago & saw you're posts
When I woke, it was at about .00088000
I was able to put a stop limit in for .00085000
Thanks for the heads up
Do you guys think it will fall back down, stay about the same, or go up a little?
Seems to be holding right above .00085000
I feel its gonna go back to the 6-7 rangeThanks for the heads up too, LegalMoney
I just woke up a few minutes ago & saw you're posts
When I woke, it was at about .00088000
I was able to put a stop limit in for .00085000
Thanks for the heads up
Do you guys think it will fall back down, stay about the same, or go up a little?
Seems to be holding right above .00085000
Monero is looking like the long hold king. I was parking profits in ETH while it was down.
It had a little upswing and I moved to LTC in case it pops.
Next step is to see which currencies are inversely related to Bitcoin so WHEN BTC next crashes we can already be in low.
The second ETH and XMR go under 10 dollars, I'm going HAM.
Got in on Pasc at .85
Hoping it goes up
Hoping it goes up
Be careful fam
Learn from my mistake with Pascal
Make sure to setup a stop limit !!!
Because Pascal fluctuates a lot
ok I'm gonna monitor this shit all day
Everyone has been saying pascal is useless coin. Only time it rises is when whales come in and manipulate the price, then they leave with their profit and it drops again. Also guys remember it's the chinese new year, I believe it was said that their markets are gonna be closed until friday so it might be a slow week as far as the whales on that side of ocean doing PnDs as well as regular trading (just an assumption).
Damn, missed out on GAME and BELA rises. They were saying GAME was gonna release some news, thought about jumping in but didn't wanna risk a downfall like NXC after their interview lol. If any of yall got in on either two, hope you make a profit and jump out before the knife.
ok thanks
Chinese New Year's lasts about 3 weeks. Not sure if they do any trading during the time, but I think most of the trading may be happening on Polo for that.
Not sure how it all relates to this coin market, or trading overall for them. But businesses there shut down during that time for celebration.
Starts Jan 28th, lasts 23 days
https://www.timeanddate.com/holidays/china/spring-festival
yo did you guys watch the video? That demo was from a customer to customer ;that wasn't just from Bank to bank wow; if you guys don't see the opportunity now man i don't know what to say.....Have u guys look at bitstamp in regards to making purchases as oppose to coinbase or others?
I use bitstamp but hey have a $300/week limit. Your limits increase the more you buy, like to go to the next tier from the 1st it's like $950 has to be spent or something like that. They take credit/debit for instant transfers.
Ok cool...how do you like them? And do you use any others?
Similar threads
