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  1. For someone apparently so good at seeing through BS, I'm surprised you took this bait so quickly. They sure got you hook, line and sinker. I think that's why people suspect your motives - you didn't once apply any of your supposedly superior analytical skills to the announcement and identify any issues. If you had done that, you would have found lots of red flags to be worried about. Didn't see any of them? Here, let me help you: How does one "lock" liquidity? No amount of messaging, legal agreements or technology is going to "lock" liquidity unless the requesting bank is giv
    37 points
  2. Guys, According to the United States Patent and Trademark Office (USPTO), here is a list of all the patents owned by Ripple Labs, Inc., a few of which have been recently published this year (2020). The company has added quite a bit of intellectual property since I first started following the company back in May of 2017. Please note that all of these patents have not been awarded yet; most are marked "patent pending." Also, the United States is a first-to-file country. When comparing two similar patents, an inventor's "priority date" is considered the date the patent was filed. This
    23 points
  3. Just because the ODL transactions don't all look like they did before doesn't mean they aren't there. ODL is very much alive and growing.
    20 points
  4. It hasn't been discussed much but I wanted to explore some of the Flare architecture because it creates a fascinating head-to-head battle with ETH. First, here's my understanding of Flare, summarised by @jn_r That's what I thought as well after reading the 2 whitepapers. They've used a hybrid model similar to something proposed by Emin Gun Sirer to "help" ETH. Emin is Professor at Cornell and CEO for AVA Labs which is developing Avalanche. Ethereans point-blank refused this idea, considering his suggestion a trojan horse to undermine ETH development roadmap. They were right t
    18 points
  5. "Available" to 43K banks, not on-boarded banks yet, or even any mention of estimates of those intending to utilize it. A key question is that of the necessary software, what's involved in it's integration, (how long, how hard and how seamless?) and significantly, the usage fees. A strong competitor; or ultimately even the "winner;" quite possibly; but at this point it's only an initial stages announcement, and it won't be until "Autumn" that we have any real idea of what the scope of this announcement will ultimately mean. The ability to integrate with existing infrastructure and the associate
    15 points
  6. Because so many people seem confused about this whole claim process I am going to write a short explanation of what happens and why. It’s not a how to... others are doing that. It’s a ‘what happens and why’. I won’t explain why all this is so good for XRP... that’s another topic. Let me know if any of this is badly worded or needs more explanation. Flare want to do Smart Contracts 2.0. Etherium is slow and expensive and has some potential governance/security issues even as it changes from Proof of Work to Proof of Stake. Also, POS is an inefficient use of capital. S
    14 points
  7. New York-Tokyo distance is 10800Km. The light will take around 72ms to go back and forth and they can do bilateral agreements in only 50ms. They found something faster than light, it's groundbreaking physics .
    14 points
  8. That is highly unusual and isn't reflected in Australia's trademark laws. A basic principle of trademark law is that you can't have 2 similar trademarks in the same class so the parties will need to resolve this somehow. A few points here: - Ripple has only recently filed PayID trademarks in the US - neither of which has been granted yet. One of their applications is for "PayID" which has been opposed by a third party (whose own trademark application has not been granted!). I don't think just using the letters "PayID" or similar is sufficient as a trademark so it'll probably be rejec
    14 points
  9. https://u.today/japans-new-prime-minister-chooses-ripple-board-member-as-his-economic-advisor
    13 points
  10. Depends on what you're asking: the network should continue operating normally, but server operators would be justified in taking decisive action. As for the network, individual servers would continue operating, collecting validations and running the consensus engine. If a sufficient number of validations from validators on a server's UNL were received, that server would advance its ledger. If not, the server would not. For servers using the UNL currently published by Ripple (which currently includes a total of 38 validators), the remaining 32 non-Ripple validators would be enough to co
    13 points
  11. Guys, Below is your September 2020 update on the lawsuits filed against Ripple Labs, Inc. As of today, September 6, 2020, there appears to be three (3) open or active cases Ripple Labs, Inc is involved with and litigating. The open or active cases are in bold: 1.) 2014 - Ripple v. LaCore Enterprises (closed) 2.) 2015 - Ripple v. Kefi Labs (closed) 3.) 2015 - Arthur Britto v. Jed McCaleb (closed)** 4.) 2016 - Bitstamp v. Ripple, Jed McCaleb, Stellar (closed) 5.) 2016 - Ripple v. Pixel Labs (closed) 6.) 2017 - R3 v. Ripple (Delaware) (closed) 7.) 2017
    13 points
  12. All crypto are going to moon except XRP The top 10 should do well except XRP Utility is king, except with XRP Volume is a good indicator except with XRP Chart analysis works except with XRP Fund managers will soon buy crypto except XRP Crypto doesn't need regulations except XRP No crypto is a security except XRP Founders dumping is not an issue, except with XRP Partnerships are a big deal, except with XRP 30% gains are proof it's a good coin, except with XRP Most coins will retest all time highs, except XRP Being added to an exchange is good news. Except with XRP Buy
    13 points
  13. But when you are......
    12 points
  14. I don't think Ripple missed the DeFi boat at all. Ripple's approach to DeFi, in my opinnion, will be completely different than what's currently going own right now. DeFi, as we know it today, primarily represents only retail investors dabbling about aimlessly trying to find their footing. David Schwartz touched (47:52 - 49:08) on this in a Fireside chat with CoinTelegraph this past June. Through RippleNet, Ripple will/can offer many services like the XRP-denominated loan product (already in the works) as well as DeFi services and offerings to INSTITUTIONAL clients. This is where the REAL money
    12 points
  15. Let's hope for that long anticipated "in the blink of an eye" moment...
    12 points
  16. That is not the problem, it's who posted it and how he did it, again. The information about potential competition is good. It's about what comes after that. @LetHerRip takes an article, reads half of it and presents it as the end of times in the most aggresive and misleading way. Then he discards every post countering the information as that hurts his goal. He even calls others out for needing to grow braincells and learn to read while he misreads a marketing piece from a ceo and takes it for granted. The worst part is he completely shows his goal by blatantly telling member @Cambrid
    11 points
  17. Sounds like Correspondent Banking, except not going through SWIFT. Cant do ODL like this, because the Liquidity has to already be provisioned at the destination bank and the sending bank. So those two banks would have a direct relationship. I'm not sure many folks fully understand how the "network effect" that Ripple is building works for banks, but correspondent banking will not create the same network effect, even with 1 million banks using it. It is still a bunch of bilateral connections, rather than a hub & spoke model like XRP as a bridge currency which puts any two currenci
    11 points
  18. Today's post is basically an echo of what @jMusic and @Master_of_Brain have already posted. Bitcoin's price closed above the Recent Down Trend Line yesterday and today the line has served as support. I was expecting an up move in the price of Bitcoin last week when the 700 Day EMA crossed the Long Term Down Trend Line but it did not materialize, yet. So yeah, I still think it's comming. The Weekly and Monthly Charts are looking healthy I'll post something about them when they close out. The Alts are moving ok. ETH is currently just below $400 but it hit $404 today LTC is
    11 points
  19. Bitcoin has been moving around $10k for the last 6 days. To me it looks like Bitcoin is building a base after shaking out a lot of leveraged traders.
    10 points
  20. Well the first week of September has been a red week for Bitcoin. As the price climbs back to the previous ATH there will be plenty of volatility and we are experiencing that right now. If you look at the previous run in 2016 you will see plenty of pull backs followed by price rises. I cannot stress this enough. There will be plenty of price rises and plenty of pull backs do not chase price! Only buy on Red Days and sell Green Days. Or better yet just buy and hold. If you chase price and then get shaken out Bitcoin can go up 10x and you can still lose money on it.
    10 points
  21. Lending XRP is going to be a thing. Banks can/will simply borrow XRP at 1% and charge 2% to corp clients as access fee to the "international liquidity". I doubt they would expose themselves or their clients to any volatility, Market Makers take that risk exposure and earn a profit/reward from doing so. I dont understand what would be bad about a bunch of banks using an RTGS system for Ripple and/or XRP. Just seems like more banks available to join the real time IoV & RippleNet.
    10 points
  22. Doesn't this introduce counterparty risk? Why should banks trust "RTGS Global", a private company? It doesn't matter if it takes just one femtosecond to switch from GBP to "RTGS Global bucks" (or whatever) and then to USD. It's not the time that matters. What matters is that the bank's money is held/custodied by RTGS Global for that tiny fraction of a second. Counterparty risk:- RTGS Global goes rogue RTGS Global goes bust / finds itself in legal trouble RTGS Global skims more than they promised off the final total RTGS Global gets all banks signed up, then changes i
    10 points
  23. My analysis of RTGS Global is not very positive. In the 4th revolutionized world, everything will be tokenized. There are already platforms in the defi that enable users to issue their own stable coin with collateral assets. Every merchants will start to issue coupons that work like digital currency to efficiently manage market. It means there will be millions of coins just like there are millions of private websites. Who is going to connect all those coins realtime? Dollar? Dollar is already being abused with speculation. They have to print more dollar just to i
    10 points
  24. This is incorrect. Even if your computer or our servers were completely compromised, your secret key remains inaccessible at all times, as it is protected inside a separate Xumm or Ledger device with no export functionality. This is by design and for separation of concerns. XRP Toolkit only prepares transactions and cannot have them included in the XRP Ledger without a valid signature. The user fetches a copy of the XRP Toolkit from a hardened read-only server with a single port open for HTTPS, the browser applies strict security headers and performs multiple security checks including an
    10 points
  25. You have to remember that ODL is a nuanced, nascent, sleek, curvaceous, sensual, sexy and curvy beauty of a product... turn off parental controls and try again.
    9 points
  26. LetHerRip is such an arrogant, smelly piece of garbage. I'll believe this tech when I see it. It sounds to me like a last gasp to hold onto legacy giants and the power they hold over all other players. Good piece of FUD, though.
    9 points
  27. https://www.crypto-news-flash.com/ripple-grayscale-xrp-trust-has-grown-160-since-july/ Actually they 2.6x'd their XRP holdings in the last 2 months; $2.7 mill to $7.2 mill. Yes, BTC is the majority of their holdings, they're a risk management firm at heart and atm Bitcoin seems to be the safest bet in town. TBF I don't think the assets function the same way, the use cases are completely different. BTC is never going to be a medium of exchange, like kilo gold bars; it's impractical and pretty much not possible with BTC's tech today. I personally compare XRP to crude oil or some other
    9 points
  28. The SBI OTC desk is going to suck up plenty of XRP supply in order to service its big clients. You're not on an OTC desk unless you're moving Donald-Trump-huuuuuge volume. FX retail trading wasn't even a thing until 1996, it was only big banks and FI's that needed to trade and hedge with massive amounts of fiat currency. Idk if it's just stupid luck or a good time to be alive but that retail investors even had the opportunity to get into XRP for pennies on the dollar BEFORE FI's caught wind is almost ass-backwards. Having XRP as a proxy to pre-IPO Ripple stock is another bizzaro sit
    9 points
  29. @BillyOckham's analysis is correct: 80%—the quorum requirement—is a threshold for consensus defined in the code. The developers chose the number 80% based on the best understanding of the nature of the problem and the overall algorithm's behavior in various theoretical and tested circumstances, and (I believe) because 80% is an easy number for humans to understand. The XRP Ledger's protocol is designed so that each server operator can choose their server's UNL based on their own ideas/rules/parameters. It was always known that servers that have very different lists from each other wo
    8 points
  30. They just posted a position for someone to work on some kind of loan product. https://medium.com/@KarmaCoverage/how-xpool-may-work-an-attempted-guess-daf3674f17c7 I personally think that all these network businesses (Goog, fbook, Amazon, etc) make money from monetizing the identification of a Route (Ripple's shortest path algorithm) through the network, and then the movement through the network of the data/objects/value. Right now the only monetization that Ripple Inc has is annual software to banks and FIs, as well as their XRP. The reason I think it is almost 100% guarantee
    8 points
  31. Yoshitaka Kitao becomes an economic advisor to Japan's newly elected prime minister !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    8 points
  32. Opinions are one thing, like an investment thesis they can be valuable to an investor. However, "The market can remain irrational longer than you can remain solvent."If you are Long XRP, and not using Leverage to buy XRP, just chill and check back in later unless you want to keep up with the innovation, tech, and industry growth. Feelings are another thing, and are very dangerous to an investor, especially Retail Investors who are not using professional methods. High expectations make poor travel partners. I learned this personally, while having a great time backpacking and
    8 points
  33. Bitcoin's price is looking strong. There doesn't seem to be a ton of resistance between here are $11,100 ish. Once that price is taken out $11,400 and $12,500 seem to be meaningful price levels to breach short term. Long term the price looks to be right where it should be on the 4 year cycle.
    8 points
  34. There are three Trends for Bitcoin as far as I see it. The Long Term Down Trend which which began Dec 17 2017, which Bitcoin is above. The Medium Term Down Trend which began August 17, 2020, which Bitcoin is above. (the head of the head and shoulders pattern) The Short Term Down Trend which began September 4, 2020, which Bitcoin is currently breaking. Looking Good. Bitcoin's Hash Rate hit another All Time High.
    8 points
  35. Bitcoin is riding just under the short term down trend line. On a positive note Bitcoin spent the entire day yesterday above $10k.
    8 points
  36. Bitcoin is breaking through the down trend it has been in since the Break down which occurred on Sept 2/3. the 300 Day EMA will cross the Long Term Down Trend line is about 3 Days.
    8 points
  37. This should be clearly explained:- Andrew (representing RTGS Global): "The platform delivers real-time liquidity which is not the same as provides real-time liquidity, or is the source of liquidity. The network participants provide the liquidity, and lets face it, they provide the majority of all the globes liquidity...." Galgitron's reponse: "The promotion of eliminating nostro is misleading. Your transactions result in post-transaction nostro held in foreign accounts in foreign fiat. This creates the same profound capital dilution, distribution and volatility risks as today's nostr
    8 points
  38. Bitcoin just closed out the month a few hours ago. August 2020 beat out July 2020 to become the second highest monthly close every. The only higher monthly close occurring December 2017 when it closed just under $14,000. Price keeps building. If I were a betting man, and I am, I'd bet the all time high monthly close will be eclipsed this fall.
    8 points
  39. No, it's not dead from what I'm told by Ripple employees who have nothing to sell me. In fact, they are excited about the most recent ODL figures. Unfortunately for you, I don't ask them to provide any info to me which would get them in hot water and if they did I certainly wouldn't post it on a public forum so you'll have to just take my word on that. Believe me, I wish I could post irrefutable data. Perhaps a good question to ask is whether the data you cite is the complete picture? Is it possible that Ripple values the privacy requests of certain customers more than transparency on kn
    8 points
  40. ah yes. the quality journalism of conspiracy daily.
    8 points
  41. Let's be civil. Warnings issued, and some folks are taking a vacation now. These threads are a privilege for all of us, not a place to excercise one's personal venom. Be careful and have fun! Thanks.
    8 points
  42. It's more a full, quick retreat. I guess that's friendly, in a way. Undertakings are the highest level of promise that can be given by any lawyer and are almost never given because failure to comply with an undertaking could result in the lawyer going to jail. I've never given one because if they are poorly worded, the lawyer takes the entire hit for their client and themselves. The undertaking was offered probably because it was the quickest possible way to shut this down without further proceedings or cost for the parties. Ripple had no chance of winning anything and it doesn't sto
    8 points
  43. Bitcoin broke through the support line and took a pretty big hit yesterday, however it didn't fall below $11k on a moderate volume down day which is encouraging. The price is rebounding somewhat today. Looking for the close above $11,655 to get the price above the previous support line which is also where the resistance line is now. The 700 Day EMA broke through the Long Term Down Trend Close line. I'm not showering till the price breaks $12,100.
    8 points
  44. Bitcoin's price was looking pretty strong today, then I took a shower and when I looked again the price had fallen $200. This looks like a short term reverse Bart Simpson type mini- crash which lasts usually around what 18 - 30 hours. We'll see today if the price closes above the support line, it's been breached several times but has managed to close above the line since the end of July . Looking for a close over $11,624 for the support line to hold. This looks like a short term reverse Bart Simpson type mini- crash. The 700 Daily EMA will cross the Long Term Down Trend Line (based on d
    8 points
  45. Exactly. People talk about "opportunity cost" of holding XRP for 2.5 years in a bear market. For me, it's a price I'm willing to pay given what MIGHT happen with XRP. So many people here are very good at saying what's happened (usually to scold XRP holders), not what WILL happen. That's because nobody really knows. For example, I made a good profit with gold and silver. Did that mean I was "right"? Not really. Anything could have happened. I knew that despite how good fundamentals looked, there are variables - such as manipulation - outside of what I know. My point here is t
    8 points
  46. Looks like Bitcoin is consolidating just under $11k. Bollinger Bands are tightening, low volatility now you guys know the game after these periods there is always a break out one way or the other. $10k looks to be a pretty solid floor though and Bitcoin has had 8 solid days over $10k. Also the hash rate is the third highest it has ever been. Also NEO is killing it.
    7 points
  47. https://rtgs.global/news/rtgs-global-unveils-its-network-to-transform-international-payments-making-interbank-liquidity-visible-for-the-first-time London, UK: 3 September 2020: RTGS Global, the world’s first cross-border liquidity network has launched Stage one of its operational rollout. RTGS Global has collaborated with Microsoft to develop a transformative new system which enables banks to gain complete visibility of liquidity between their counterparties, for the first time. Built on Microsoft Azure, RTGS.global promises to completely overhaul the machinery of correspondent banki
    7 points
  48. @LetHerRip will you be fixing your title now you know it is NOT rolling out to 43,000 banks? (That number is merely the potential market for the product.) I assume you believed it when you created it. (Showing a fair bit of naivety, but you’d already demonstrated that by buying high then screaming ‘liar’ at the man who ‘forced‘ you to buy.) Or, after all your strident moralising, are you now ok with lies to XRP holders?
    7 points
  49. Let's stop the personal attacks and insults thanks. This thread is about technical chart analysis of XRP, not making petty jabs.
    7 points
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