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  2. So basically: 1. Merchants: Dont want to pay the CC fees, so they would like a new system since it puts more $$$ in their pocket 2. Banks: Currently have a large chunk of the credit card transaction revenue pie, but banks favorite type of pie is 100% of said pie. 3. Visa/MC: Adapt or die. Is that accurate?
  3. What about companies announcing a stock funding round? They do that quite often. Or a (reverse) stocksplit halving all stocks available and in tha same time issueing a bunch of fresh shares. Funding my friend sometimes has stranges laws. Thats why they call it risk capital you know Verzonden vanaf mijn iPhone met Tapatalk
  4. Hi all, I would like to sell my shares of c. 25% in an English software/gaming company. The company developed a multi-award winning game and is currently cashflow positive. The game is selling in western markets so far, and has not got the chance to sell in other markets yet, such as the Middle East, Asia, Brazil and Russia. I am selling because I don't have the amount of cash at hand to buy a meaningful amount of cryptocurrency. If you are interested and are a serious investor, please get in touch asap.
  5. As a long time Linux user, I can share with you that Linux is very safe but we all should not fall for that false sense of security. There are few vectors that bad agents can get onto a Linux laptop. a. The web browser has 0-day security hole and you happen to browse to shady sites. b. Pluggins of the web browsers that are vulnerable to attack c. Expose unneeded services that other can connect to your laptop such as ntp/sshd/web servers. This is a laptop and you should turn off any services that expose end points to outside d. Failures to keep the software on the Linux laptop recent d. Use easy to guess passwords e. Lacking a reliable password manager. I personally avoid all password managers that integrated with web browsers. I use https://www.enpass.io/security/ but I do not use its pluggin for the web browser. I do sync the backup to Dropbox. f. Use public wireless APs without VPN g. Your wireless AP at home is also another vector that can open your laptop to attack so if you are paranoid then you should consider using wired connection at home. With regards to wireless AP for home, I am not sure how much you can do here besides choosing WPA2 with shared password and if you are a sophisticated user, you should consider more advanced or commercial solutions but this become a bit overkilled. h. Keep your windows machines/IoT/smart TVs on a separate network from your Linux laptop as your these devices are targets of exploits. In my household, I do not have any Windows machine, just Linux for me. i. Install a HIDS software on your laptop and alert on suspicious activities or changes. I use this one on my laptop http://www.sysdig.org/falco/ and currently I only set it to record in log files. No optimal yet.... j. Use multiple accounts on Linux to separate your stuffs and activities. Do not log in the machines as the person with root/admin permissions. Usually on Mint/Ubuntu the 1st user account can do great damages to the Linux laptop. Create 2nd/3rd accounts and use these accounts for web browsing and such. On Linux, there are real restrictions on what end users can do to a system and without sudo/admin permissions these regular users can do very limited things to the health of the system k. Turn on the firewall and limit outgoing traffics to just tcp: 80/443/(8080) udp: 53(dns)/123 (ntp) to start with. You should also consider turning on ingress rules to block any traffics hitting your laptop. Use trustworthy DNS servers such as those from Google (, l. Well back up your laptop because sh*t happens. Have a NAS somewhere in your house and back up the laptop to it. If you are the more adventurous type and pick a cloud backup provider that you can trust and they have sound security practices then backup what you do not want to lose there. I use tarsnap.com and store my key on enpass. Both of these to me seems to be pretty good. m. Do not check emails on this laptop and click on links you do not know. n. Turn off your laptop when you do not use. Turn off wireless client on your laptop in case you use wired connection but turn off and put it in your safe. o. Turn off bluetooth daemon on the laptop because that is another vector into your laptop. Well, these are somethings I can think of right now. Good lucks and I just want to say that Linux is not that difficult to use. Linux on desktop has come a long long way to be user friendly. Note: I have never used any AVs on my Linux laptop and some might consider this as a bad practice but if using AV make you feel better, then go for it. Note 2: For Linux laptop, I have had very good experiences with Lenovo and Dell but Lenovo is top notch for running Linux on laptop.
  6. Trickle down strategy? My take is, if the banks adopt XRP then doors open faster to consumer end utilities & adoption rather than trying to work uphill from the consumer side. The banks WILL be adopting some form of cryptocurrency. Only a matter of time. Best to have Ripple on that short list of proven technology and capabilities.
  7. Volitility is a double edge sword. Volitity is not so bad IF there are methods of managing the risk. Currently there is not a way to go short, or buy Put options on XRP. I think I made a decent attempt at explaining how going Short could be enabled here. In addition, I think using PayChan you can make some kind of SWAP type of tool to help enable risk management. Something like, lock up $100usd of XRP in a PayChan for x time... then at the end of x time, calc using the new current exchange rate how much xrp = $100usd and send reciept (add xrp to PayChan if needed). Have not formally modeled this idea and flushed it out, but it does enable for some amount of bilateral risk SWAP arrangement. ... on a different note, banks using RCL for real time payments can just buy what xrp they need for that payment/tx and spend it. Just like they do with mailing packages and Postage Stamps. That said, I think 1 xrp at $0.25 is good for 25,000 transactions (correct me if im wrong). So if a bank can put $1 usd at risk and save money on 100,000 interbank transactions... this does not seem to be a material risk that could put the organization in a situation where xrp volitility is harmful. However the cost savings could leave tons of profit on the bottom line.
  8. Well, Apple and Google don't get the other benefits that FI's do from card issuing and accepting. They would need to pay Interchange and abide by Vias's rules. For them, Visa is just a middleman, one that cost a significant % of any transactions. What is ILP and RCL good at? Getting rid of middlemen For reference, there was been a big kerfuffle in Australia recently between Apple and the 'Big 4' Banks around how much % Apple gets. The market is different in AU, MSF rates are much lower than USA, fewer bips for everyone. Apples still wanted the same number of bips they got state-side. Take Visa out of the equation: more bips for Apple. A lot of newer real-time payment systems from the states (eg: Apple Pay) use the card auth network, as, unlike Europe, the domestic banking network is slow AF. I do wonder if they are specifically thinking about the ILP in reference to payment being managed by the browser for micropayments. A native payment system inbuilt to a new version of HTML would be stupendously disruptive. Also: Visa checkout. Lol no. DOA.
  9. I think it's more likely you see P2P payments with XRP as transfer currency, not as a bridge to fiat for P2P. But specifically 'micropayments don't focus on currency pairs, they just focus on fast payment processing only.' Exactly, forget humans, XRP is perfect for algorithmic smart systems, i.e. machines. Micropayments with the IOT would moon XRP and it's in my opinion a potential primary use case of XRP. The same thing with banks looking at a challenge with their own coins, they'd need a bridge coin. Appliance companies for instance can't create their own M2M coin if the dishwasher is a different brand from their microwave. So why not have the company buy a bunch of XRP, pre-load their machines with the XRP. The possible system shut down of a smart machine trying to choose a currency to operate at in real time and having the system choose wrong could be catastrophic to a company. Remove those complications and program it with XRP which currently would read to a machine as the fastest, cheapest option available. I don't get how IOTA is better than XRP for this.
  10. I see it very similar to a big stakeholder saying that in a week he'll dump 50% of its stocks...it's illegal because you create false expectations and the market fluctuates a lot because of that announcement.
  11. Yeah, they are doing pretty well...but it doesn't mean they can do illegal things. Don't you think Ripple got a nice return in money and image with the pump also due to that announcement? Don't you think that some insiders could have bought lots of XRP BEFORE the announcement and then sold? It's clearly a market manipulation... I welcome it because of my investment, but it's not legal or for sure unethical. Moreover I'm pretty p1ssed by announcements way before the implementation just to create hype. Why didn't they lock them yet? It's a matter of 10 minutes work for any Ripple technical employee. I can do that for them in 30 minutes if they want...
  12. I'm not saying you're stupid...I'm saying that you're an ignorant, in the sense that probably you ignore how MM works. Because saying that MM are happy because of volatility because they make money on that is a symptom you didn't understand how MM operates, or you were just talking without having a clear idea on that. But I'm open minded...tell me a simple example where a MM gains money with high volatility. I hear you....
  13. Damn! look at that slide. lf this continues it will end up being reflected in price If it isnt already.
  14. You are saying that I am too stupid to be worth to talk to me. This is yet another unsympathetic and useless comment from you the community is not served well with. I already put how I think market makers work. Based on your opinion my understanding is wrong. It is quite useless now to ask me to go to study again.
  15. Today
  16. @will4star If you go back and look at Ryan Fugger's original conception behind xrp/ripple, it was completely designed for p2p payments and social lending. This video is seven years old The focus on the banks is one of the reasons that Jed and ripple went separate ways. The banking application, while very appropriate for the technology, was not part of the original evolution of the tech. I think xrp could work extremely well for P2P payments. Why use a check when two parties can settle instantly with no counterparty risk? Paper checks don't solve the double spend problem, and trust is required. The payments application for xrp is low hanging fruit for the right team/company in my opinion
  17. that picture and the red boxes - man the resemblance is uncanny ! however the fundamentals, geo-political risk etc are actually supporting bitcoin. the things that could set a panic would be - like sudden global bitcoin tax, undeclared wallet illegal status etc. one thing for sure, very interesting times we live in ! thanks
  18. that is very hard to say at the moment. Because it depends on the crypto-markets maturity of 'perception'. First condition is that they actually see it as a viable alternative and second start making it part of their diversification. at the moment mainstream markets are just "testing waters" - so during this - it is very possible they take "pull money out - safety first" and ask questions later approach. If i find any definite trends building in this regard, I will definitely make sure to add it to the summary.
  19. Why do you need a coinbase account? Why not buy the XRP directly with USD?
  20. I can provide arguments, but I would like to explain it to people that actually understand how a market maker operate...not to people that think arbitrage, trading, market making is the same "stuff" made by a bot. Is it clear the role of market maker? Is it clear how the MM operates? Is it clear how the MM makes revenues? Once you mastered those three questions I'll come back...
  21. Check out the links & resources tab for more info and guides. Gateways are the direct on ramps to ripple, and place funds onto the network on behalf of users. Some gateways like Gatehub also have wallets for users to store funds. XRp can be purchased with any ripple issuance, so yes Gatehub can both purchase and store XRP
  22. You guys may want to provide an argument. I feel like I miss something. Please point me into the "right" direction then.
  23. This is not correct. Payment channels and micropayments don't focus on currency pairs, they just focus on fast payment processing only. Source (JoelKatz):
  24. I am just so happy your back! Like I am all tingly... lol As of right now I am not aware of any other FMM, at least any I would trust with... anything. I am not sure what is going on with RippleFox's but I suspect the high demand and XRP price is outpacing resources. Of course at that rate it may be a good strategy to sell...
  25. Personally, I've never actually gone from my estimations of use to an actual price for this reason - I don't know how. But I just know "VERY BIG NUMBERS" when I see them, and those are things we certainly can calculate. But it is possible to do these calculations and estimations mathematically. For me, the catch lies in the fact that we're continuing to measure the value of XRP against dollars. The value of an item has to be measured in some sort of unit, correct? For the case of the economic calculation you're talking about, the unit chosen implies USD, which is the predominant world reserve currency at the moment. That's the part I don't understand. If we have some expert here on the forum that can comment on how to value a currency, or perhaps a ForEx trader knowledgeable on how to make predictions based on such trends, that would be fantastic.
  26. Verification may take some time based on the gateways, business or exchanges demand and your location. Since some verification depends on queuing the authorities of issuance it may take time. Check out the links & resources tab for some helpful hints, guides and explanations. Essentially a cold wallet is somewhere you park your coins for a prolonged period, it is not online and one of the most secure methods of storage.
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