Genius Scientist Calculates XRP Price Based On Burn Rate
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- เผยแพร่เมื่อ 6 ส.ค. 2024
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00:00 - Introduction
08:09 - Validation of Theorem and XRP Burn Rate Analysis
10:10 - Impact of Higher XRP Price on Transactions and Ledger Load
13:04 - Modeling XRP and USD Volume Dynamics
16:19 - World Bank Terminology and Price Stabilization Discussion
17:15 - Hypothetical Daily Flow and TPS Discussion
20:21 - Trillion vs Quadrillion: Realistic Daily Flow Estimates
22:22 - TPS and Final Settlement: The Future of Transactions
24:31 - Side Chains and Multi-Chain World Discussion
27:15 - Dividing Blockchain Functions by Industry
30:42 - Reflection on Formula and Future Questions
32:14 - Closing Remarks and Appreciation
It doesn’t take a mathematical genius to figure out when XRP is fully adopted by the world’s banking systems, and corporations XRP will go past bitcoin
banks need liquidity and for that the value of xrp needs to be high.
example: a US bank will transfer 1 million xrp to 1 bank in europe, if xrp costs 1 dollar, that bank will need 1 million xrp, now if xrp costs 10,000 dollars, that bank will only need 100 xrp , this is liquidity
As a dev actively working on the XRPL as well as previously worked on ETH I respectfully disagree that BOTH XRP and XLM are solely used in transacting money. I think if u focus on “Value” rather than “Money” then u get into a much broader conversation. Money and Value are not the same… Gold has value but it’s not money, same as other commodities. I can categorically say that there are many non-banking related projects being built on the XRPL that natively use the XRP token. If u think about ETH and ERC20 tokens, XRPL will be much bigger than that.
You are absolutely right and thats actually what Lewis said before as well. It is clearly about value, not just money.
A real XRPL Dev...very cool. So, let's say, hypothetically, that one of the projects was for tokenization of real-estate. How would that work (in terms of tying up the XRP)?
Manila
@@marcdipaolo5142 there’s a few projects involving Real Estate the value would translate over to the documentation e.g. title deeds and other legal paperwork all of which can be wrapped into an NFT for example. That NFT can be given a set value Ie. Property value + other fees etc. with ODL and AMM it opens up additional access to liquidity, think cash transfers, mortgages all directly tied to those NFTs.
There’s other factors behind creating this project at least in the UK is that there is a lot of regulation surrounding property ownership and governance.
What is your educated guess on price prediction for XRP in the short and long term?..
This was very informative. I appreciate the analysis and openness of thought. Nicely done
Keith from Ireland. I'm enjoying the conversation - very interesting, thanks. Just to add FYI, TPS was updated on XRPL from 1500 to 3500
Thanks Lewis... good job on bringing the info
Great Probing into the Journey of the possible stable price of XRP 👍🏻 Thank You and Well Done!
Brilliant discussion, thank you Lewis :)
Jackson-Bakkes Model!!
That is amazing and congrats on doing your work so well that a scientist chose to incorporate it and give you credit. #kudos
So, what if their plan was to create an initial large supply, to introduce the token to the world, allowing for wallets to be lost and a high burn rate for the low price, keeping most of the supply in escrow, so that a predetermined supply after full adoption could be maintained, and for the excess to be eliminated by Ripple in a sort of overnight reseting of the total xrp supply? Idk if they could do that, even, but it would clear up the how high can it go argument and see that there's plenty of supply for longevity with trillions of dollars in daily transactions globally.
Hi my Friend, what do u Think, how high could be XRP?
He’s a very cool scientist! 🤓 Seems like a really nice guy. Thank you!
I didn't know that XRP gets burnt.
Just to clarify things....Are you saying that once we enter into a utility driven market and detatch from Bitcoin, we will not see a surge in price for xrp? My understanding of mathematics in this video does not affect the price of xrp regardless of the volume flowing through the ledger? Please correct me if I'm wrong 🙂
Good analysis. If the price goes up even a seemingly insignificant amount it's a good thing for xrp holders ain't it right?
Lewis, even you’ve said in the past transfer of value. Answer also is the ISO20022 in banking. Insurance, lending etc will apply the value vs a bank sending money across to a bank. Also need to think the derivative market
So with his calulations xrp would hit 700.00 usd at best ?
Hi, buddy, Dion! Very unique musician too! Glad to have your brain on XRP!
Liquidity of the world will drive the price and the use of XRP. I came back and listened twice because you opened my mind. Thank you kind sir
Super appreciated conversation.
I really enjoyed that discussion, gets one thinking about how the broader 'Internet of value' is going to almost be a interweaving of related an 'cross-structured-chains' making up a 'value flow dance' The brand new internet of 'value' or internet of 'substance tokenization' if you like..
So what price did he get to?
Thanks Lewis 👍
Daily reminder we’re still at .50 XRP
fascinating insights, thank you
Thanks for sharing
We have never seen technology payments like xrp or xlm, so it’s kinda easy to know where these two are going because we have never had anything like these two things EVER!
Hi Lewis. Appreciate your efforts. Watching you from South Africa 🇿🇦. Enjoy the party 🎉 bud 👍
So what’s the price for xrp? Should be ?
What do would the price be if XRP becomes the reserve currency?
Average cost per cross border transaction by SWIFT 3-5%. I dont see SWIFT or the banks letting go of that revenue stream. Yes they will create side chains with their own "coin" and continue to charge at these rates. So this is where arbitrage comes in. Second teir banks wanting in on cross border transaction profits using XRP and the XRPL to take a portion of the cross border payments utilizing your XRP through an AMM for the transaction.
look forward to meet you Lewis on Friday, hope you stick around.
There's a cumulative effect of burned tokens over time. has this been taken into account? As Utility increases i suspect this will be larger determining factor as it relates to token price.
I agree with whats been said but looking at this model from a token price perspective.
Be nice to get to a dammm dollar and hold it.. smh
Calm your tits, lol. Investment is a waiting game
Not yet. It would be nice to acquire more before it takes off.
Did you mention the average manipulation rate as well?
Nice job 😊
This would make sense, mathematically, having a higher price and bulk remittances, rather than lots of little transactions that that burn the lower value coin out. The switch needs to be flipped before the worst case scenario happens... i think, if i understand it correctly 😂
What about the idea of theres only a finite amount of xrp made..? Eventually, as the use is increased, (DEMAND) and the SUPPLY stays constant.....doesnt the value/price have to increase...???
Jackson could u please do this with xlm?
Very interesting indeed, thanks both!
is market cap the only thing that will set xrp market cap?
Did you allow for reserves ?
I don't understand about the price will be 700k? Or more than 1M?
Also does anyone know why to factor in price surging?
In the internet. We find applications being located on the server or the client (web browser). There has been a constant back and forth between running the application more on the server or more on the client for the entire Internet age. And I expect the same will be said of blockchains. Should the token reside more on a centralized data structure (blockchain) or a local data structure due to the various issue surrounding each. Good for you to point that out with the idea of internet of things etc. But probably it makes sense to use whatever technology you want in the local and then connect these through a connecting blockchain. Of course it also has an additional function to have your token on a centralized block chain as well (I am sure that many use cases for both will come out similar to the internet server/browser dynamic.)
Thanks!
Wow thank you so much!
Math is correct but if the burning rate will continue every year tokens suplay will decrease so need to recalculated based on current amount of supplies every day. My opinion high stable price as a stable coin can be sustainable for new financial system for another 100 years if there will be no more money printing available on that new system, they will know how much the price need to be set. There will be total new economy without increasing or decreasing money supply.
Is the burn rate burning a Whole XRP OR THE DROPS TO WHOLE XRP???
Burning drops
Xrpl website says 10 drops per transaction
Why would there be a million drops to each XRP? At $0.01, one XRP=$10K. $1/drop=$1M/XRP. Simple math. But what does it really mean? As someone who worked in and around sofrtware solutions for the largest enterprise and govts on the planets for decades I can tell you that absolutely nothing is ever designed into a piece of software that isn’t deemed to be (and defended and defended and defended again, lol) an absolute necessity. Just a normal part of the Software Dev Lifecycle(SDLC). Anyone in “IT” for real will tell you the same. So why one million discrete slivers? Certainly not because they are meant to be equal to $0.00000005. Right? That’s as much a legit question and it is a legit suggestion/thing to consider.
The way I understand it, the burn rate is in drops bc 1 XRP can be traded up to 7 times in a day.
I dont quite get this, if 8 million XRP are burnt then its gone for good isnt it? So you get this accumalitive price gain not just that day, you get it every day as there are fewer and fewer XRP in circulation?
What does the coins algorithm dictate the price will be w specific volumes?
Thats how price is set.
All these exchanges dont set the fookin price.
WHAT DOES THE GD CODE SAY???????
found your Channel about 4 months ago love the way you think , I rarely post because I watch on TV and its not like I can just type. so short and sweet I plant seeds, Here you go. Think of XRP as water and think of Ripple as flow or the dam if you will and don't forget gravity or pressure start at the source
$589
MATH and TOKENOMICS is laughing
$589 Sounds more realistic now huh lol.
Thanks for saving us half an hour. Not all heroes wear capes.
Cause and effect on multiple Blockchain predated and preplanned using rationality and logic (hence the irrational counter resistance) due to set states unchangeable.
Vechain to monitor import and export
My thought-chain method won’t work because, for example, I know a concrete company who has subsidiary companies- who also trade in sand and gravel- so I am excited to see this new technology grow. The companies already deal w ledger complexity- then you have to sub subdivide?! I wonder if XRP AND XRAPID(which if used burns an Xrp token) will be for international only because of change in monetary system- no longer will be the FUAT DOLLAR WORLD WIDE! 198 countries- all w their own currency- Xrp to be the bridge..banks will become not a leader but a service facility for currencies exchanges internationally?
I've just started watching the spreadsheet.
Q. How does the price of XRP change the burn rate? If I sent $1000 there's a tx fee. If that's 1000xrp at $1 or one xrp at $1000... still the same tx fee?
Q2. If the price of XRP hits $1000, can we change the tx fee to 0.0000003 or less?
As I understand it, the TX fee is per transaction and is independent of how much value is in that transaction. So a transaction moving $100 or $1,000,000 has the same transaction fee. The the second question, if the transaction fee should become a problem, the community can vote for a change to lower it.
There didn’t seem to be absolute certainty that the side chains have their own TPS, so until we get that certainty there is really no point in speculating as IF they are separate - but anyway I appreciate you and this channel - thank you very much.
The burn rate, intent of XRP, needs to factor in that it's intended to use droplets to spread out and create longevity of the XRP. AMM's will be where the money is at and being used as an agnostic currency.
23:05 transaction fees on the ledger increase as network traffic increases
Hey Lewis, interesting video off subject HSBC accepting xrp dodge and shib for mortgage payments...do you think that's so they don't have to buy it from exchanges? Which would mean we won't see massive surges in price and they would technically be accumulating it for free. 😢 be interesting to hear your views...enjoy NYC.
I had a similar thought, they were acquiring it for EXTREMELY cheap and they know it. That said, they can't do that forever. Eventually the price will explode.
I find the concept interesting.
I recall David Schwartz saying that the price of XRP is more useful when it's high, because you use less tokens with a higher value. For example, you could not purchase a home with BTC 10 years ago at £1 per coin. However, today, it would be much easier at £20,000 per coin.
Would a similar analogy be applied for mortgage payments in XRP?
Just Wow!!! Shib for mortgage payments. Glad we all stocked up on the cheap!!! XShibDoge
They had to make the supply large otherwise it would of went up to fast
This way they can work backward and burn off to slowly make it worth more other wise it would cost to much to move it
Great interview Lew!
"Rock 'n roll"😂
Is the burn rate the same for small transaction the same as large transaction?or is it based on dollar amount?
=
Wouldn’t you have to take into account the number of transactions 1 xrp would be used for
dude, finally a decent scenario fare from the usuel opium, very interesting thanks, lets hope now D Schwartz has these kind of calculation regarding his famous "can't be dirt cheap" quote
It’s important to know what kind of scientist he is and what his PhD in?
I read his background and it’s in zoology, now can that also be applied into finance ??
Generally I would be carefull with putting too much weight on titles. I know quite a few computer scientists and most of them dont have the slightest understanding of crypto currencies..
So what price did he come away with
So, what is going to be the price prediction?
$1.20
David Schwartz said xrp has to have a high value. Gotta wonder what his math is? Unless he’s BS’ing.
But what would be considered high value to Schwartz ? $15 or $500
He provided no math.
My guess is David shwartz is not to far off lol
He never said high,he said it can't be dirt cheap
Why on earth would he, or anyone else be Bullsh*tting??
Ever think of that?
none of the genuine guys are bullsh*tting, the only ones b.s.ing are the doubters and the trolls....
Just believe.....and stop doubting
Doubting and negativity are the 2 worst things anyone could do
I’m not watching this whole video. What number does he give and when?
More like Anything but GENIUS.
There are interviews of Ripple exec’s discussing protocols of XRP cannot be overworked and it’s details of how and why scaled into. Hard to consider anything said here when you also omitted XRP’s TPS rate is 3400.
What if the payment channels combines transactions into a predetermined dollar value... So burn rate we saw in the video doesn't affect price really... So a known dollar value per bundled transaction, no affect by the burn rate = a stable xrp price, which leads to the idea of a predetermined xrp price?
19:41 Is inflation built in? I ask because we are measuring burn to a “floating” fiat.
So......is Xahau going to be part of the discussion? Isn't it a 1:1 XRP burn??
Hey Lewis, is Jackson Venture Team, you?
Um and so has any of his price predictions come true? WHEN!? is this supposed to happen 2030?
Why sooooo long? What was the price
Could someone explain what Hé said ? How much his Hé expecting xrp prince ?
He actually didnt make a price prediction. He just figured out that the burn rate will not be the deciding factor for the price.
Is there a way that Ripple/XRP could set the XRP price for an individual sizable transaction to a higher price per coin vs what overall price of the coins are, to prevent the price of XRP/coin as whole to rise in price? In a very evil way...how Wall Street runs large orders through the dark pool (even though we know they run all orders through DPs now to avoid retail from benefiting), in order to avoid affecting the price of a stock?
XRP price will be approx. 120 - 130.-Usd until Dec. 2025!
Question: To avoid burning so many xrp, the price will be high, correct?
yes, it would increase, dependent on the amounts transacted and how often.
I think they upd the tps to over 3k now
XRP has a Burn rate, since when ?? Where is this info please ??
Is there someone from Ripple that can explain XRP price mechanics? I’m still thinking it’s a little different from these educated calculations.
Yoooo! That scientist reminds me of the scientist from The Green Lantern.
Ok I see the 7T (trillion) figure in the Excel spreadsheet. Where is that number coming from, just taken out of thin air?
You are essentially saying, price will remain under 1$ for ever!!
Lewis you are a diamond, thank you (;
Excellent presentation as always. Really got my brain thinking in new directions. Fantastic 🚀🚀🚀
Yay!! A South African accent... What a great way to start the day.. Regards from Spain. 😊
Wow cool Lewis. You are immortalized
The burn rate would not affect price but the price would affect burn rate. ie: if the price of XRP is higher, then there is less burn, due to less XRP required. XRP is only sustainable and functionally optimised at a much higher price per XRP.. maybe backed by gold? 1 XRP = Price Oz Gold. Just sayin.
Lewis, Payment Channels are how the XRPL scales :) my understanding is that each individual channel needs to get set up between two parties, and that these channel transactions are mostly limited by the institutional hardware of the parties in the channel (70,000+tps for high end hardware) . Then they could send a net settlement transaction to main net for accounting done daily/hourly etc. It seems limited in scope to how many channels can be set up between unique parties, but offers some offloading of main net infrastructure. Do you think Ripple has been helping their partners implement these channels over the last few years?
It seems inevitable that these sidechains will be used a LOT. Even if they settled once per hour with mainnet, it would reduce throughput on the system. I wonder, though...if banks are using federated sidechains, would they have to own their XRP (instead of leasing it from Ripple, which was the most recent ODL idea)? If so, that's good for XRP holders. Ripple's ODL idea (of leasing the XRP for 5 seconds) screws everyone over because the amount of XRP they have in escrow would let them move trillions per day, even at current prices...
3500 tps now they moved it up last month
The Formula for XRP to explode is in liner time maybe 2030, 40 or 50 maybe 2099😎definitely by the year 3050 or longer maybe in a few thousand years. Possibly in another multi verse or in another life time or ...
The price can't be cheap or low. Once the switch is flipped.
What’s the bottom line here?
95% of retail will dump at 10 USD , lot of folks are tired hodling….
Including me
Cant blame em....we did miss a whole 2021 bullrun...
And others will buy at that time.
Not the whole bag 95% wont sell whole bag... r u mental?
XRP ledger have 3400 TPS updated on 08/2023 🙂 there will be more in the future if needed..
Price, speculation, price ,speculation. Done with this community, time to become a link marine. No more speculation. GL.