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Showing content with the highest reputation on 04/14/2017 in all areas

  1. 8 points
    Apollo

    stellar and ripple

    Why would you put your money in a project run by a man who started a better version of that same project and then has spent the last 3 years doing everything he could to wreck it? He told everyone he would sell all his XRP, causing everyone who relied on his statements to lose their money and then only sold enough to keep the price low as long as possible. He literally did the most unethical thing in his power. He then continued to do similar things going forward. The list of bad action by Jed is too long for one post. So, I would keep my distance from Stellar.
  2. 7 points
    kanaas

    stellar and ripple

    No he cannot! Jed's holdings are locked up into an agreement under control by Ripple that let him sell no more than 1,5% of total RCL trading volume. Indeed he's untrustworthy as he once tried to screw Ripple and the mutual agreement by way of a 1M USD selling under the names of a cousin and an aunt. But Ripple was smarter and faster than Jed so they could lock up the trade on the exchange (with the help of Bitstamp). This way he screwed not only himself, but also his family as their stealth action brought the whole band in court, resulting into a ruling by the judge that Jed has to give the full control of his holdings in the hands of Ripple so that they can sell per agreement on his behalf - a bit like parents have to do with the funds of their children when they are not yet aged enough to control them.
  3. 4 points
    very introspective .. lots of great points to contemplate upon... many of them true. ... I am just choosing those where i think a different 'outcome' is 'possible'. >>This is a religious struggle. It is a religious ( more philosophical - but i get it) struggle yes. But thanks to bitcoin, people have come to see what a completely decentralized and unregulated space can do. many have got hurt, many have got rich, rampant speculation and from miner mafia to developers core - all sorts of market cornering is up for display :-) the point i am making _ if "this" is the unregulated space that is prime, - It can be guaranteed - the mainstream regulated space is not going to "collaborate" with this unregulated space. So what would the "unregulated" space look like - which mainstream "regulated space" would be "ok" to open up to ? this is the true billion dollar question right here... As I see, factually, RCL has the highest chances to be this public space, which private banking & regulated market can "recognize" and "serve" its services. In other words will be "OK" to have a route inward and outward ! Especially Outward. And .... with that condition set... I do believe ecosystem will follow, and efforts of building this community will come center stage. We have to understand not everyone is fighting a large philosophical fight. Most of them are looking for opportunities that cuts a slack in life and helps them live rich + happy. and i can tell you from experience, if RCL has essential services, liquidity and most importantly "connectivity" to Traditional regulated space .... we will see a whole mushroom colony like developers doing their own thing ( website pos for people with online shop - where others buy with "there and then" settlements ) , loan operators, micro lending applications, you name it... >>I remain optimistic that Ripple will develop a product, but it will not be widely adopted as Ripple does not have the ability to attract talent. This is the second point I feel differently ... too much talent out there, developers who can digest the entire api in 2 days... no lack... I agree on the bad job ( or purposefully ) that ripple did not "groom" this talent.. but this is where Lucky makes a good point that they know the value of actually establishing rails and connectivity (& confidence) with existing financial world ... because that's the difficult part ... creating a fan following is "relatively" easy ... If they "laser focus" on the difficult problem and achieve it before everyone else, and then second easier challenge can be taken with 'leaders advantage"... But if this is ripple's approach, i do believe they cannot slack all the way till the end... they have to kick start come sort of community building in parallel - at least as the first challenge is taking roots .. Hence, I agree they should try to maintain a healthy supporter/community group even while working on the first part ( banks and FI's and traditional finances ) between I really don't understand why we are taking sides on brain storming sessions like this and making it a fight, sessions like this are very valuable... we should be unbiased, neutral and consider all positions ... then to find the best opportunities.. at least this is what life has thought me.. As for me, I like to calculate these things, and i feel Ripple is primed for very good success. I have calculated approximate times for go live and traditional connectivity to be 2018 - Q1/Q2 - and I cannot say same about any other platform even if i wanted to :-) ... no where near ... once xrp is listed in japan and starts a basic use case with rc-cloud base solution, slowly individuals will start showing up wanting to run smaller services - like website POS , or real POS etc ... then people like gatehub who are adding usd ( aud ? ) or something else .. i forget ..the point is, it just need not be trading, people can use gatehub accounts to disbursement globally ... perhaps others that are completely real time.. Also it seems as if it is given banks don't want to do anything on public space.. this is not true.. .at the least day to day remittances and "ordinary" payments ( excuse that word but it the actual term they use - so sorry ) ... are completely regulated and they have nothing to hide about. By moving this to rcl they would not only save on multi-party-costs etc (8 bps) , but also would completely eliminate needs for internal and external audits - as it would become public records... two sides for every coin - truth is somewhere out there - but definitely not at the extremes on either end... my good wishes to all, R8
  4. 4 points
    tomxcs

    A simple request

    Nope - doesn't use nearly enough smiley faces for sarcastic and condescending effect.
  5. 4 points
    karlos

    How to defend yourself against....

    Interesting advice.."MMA style" grappling a US police officer, what could go wrong
  6. 3 points
    Evan Schwartz, managing director of Ripple Luxembourg and co-inventor of Interledger Protocol will be presenting his open protocol for secure, seamless payments between currencies and payment networks. The presentation will include live micropayments and will give a taste of the opportunities Interledger and the "Internet of Value" create for business and other open source projects. Bring along your laptop for live demonstrations of Evan Schwartz, managing director of Ripple Luxembourg and co-inventor of Interledger Protocol will be presenting his open protocol for secure, seamless payments between currencies and payment networks. The presentation will include live micropayments and will give a taste of the opportunities Interledger and the "Internet of Value" create for business and other open source projects. Bring along your laptop for live demonstrations of how to use Interledger. https://www.eventbrite.com/e/fintech-in-action-hosted-by-ripple-tickets-33392799763?aff=affiliate1 http://chronicle.lu/categoriesworkingbusiness/item/21332-wide-hosting-fintech-in-action-workshop
  7. 3 points
    I think the best chances some country to fully implement XRP into their business would be Japan! People from Japan are the most open minded and they are not afraid to use something if the see it is a lot better!
  8. 3 points
    https://www.amazon.co.jp/gp/product/4532357276/ I bought the Japanese book which President Kitao of SBI Holdings wrote. According to this book, SBI Ripple asia was going to business mainly on foreign exchange in Japan. But SBI Ripple ASIA had a hearing with many financial institutions. and they understood that the present domestic exchange system had a problem. It is written so in the book. Japan's banking system is currently very slow. Probably those problems are written in the following URL. http://toyokeizai.net/articles/-/33158
  9. 3 points
    will4star

    How to defend yourself against....

    This is a public service topic. I wish you all a safe and pleasant flight.
  10. 3 points
    cap

    A simple request

    You don't like Ripple and that's your right. What I don't get is... why are you still here? I hate kale. No matter how many health benefits it might have, I'm not eating something that tastes like concentrated evil. But I don't go to kale forums to complain about how disgusting that stuff is or to tell people who like it that they have terrible taste. (Why would I?) Why are you so concerned with a currency that, according to you, died months ago?
  11. 3 points
    Hey guys, So yeah I'm a little confused why the RMG announcement caused such a fuss. It seems at some point someone in this community connected the dots between CME and Ripple and assumed the RMG project would happen on RCL? I know for a fact Ripple never made the claim, mostly because when I was at the CME I worked on the RMG project a little bit. If I remember correctly, no fully public blockchain was ever considered for that project. As an aside, I have to commend the TRM team for choosing some really great partners to work with. Bitgo in particular was a really great move. Lastly, remember that we are laser focused on cross border payments and often we get pitched ideas and turn them down because they don't fit what we are working on. As for the CME not supporting us, we have a GREAT relationship with them and if something makes sense for us to work on we'll make it happen. That's a big organization with tons going on so I'm sure we'll have ample opportunity to work together. Hope everybody's doing well.
  12. 2 points
    RobertHarpool

    CL et al To Advise IMF

    Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today welcomed the establishment of the Fund’s new High Level Advisory Group on FinTech. ... http://www.imf.org/en/News/Articles/2017/03/15/pr1784-imf-managing-director-welcomes-establishment-of-high-level-advisory-group-on-fintech
  13. 2 points
    TplusZero

    Is Ripple part of R3?

    Good luck trying to buy Ripple with $150MM ? Valuation on their last funding round was $400MM. And that was before a ton of good news around FI adoption, and XRP going through the roof..
  14. 2 points
    Apollo

    A simple request

    Wow, look at those goalposts move!
  15. 2 points
    Apollo

    Ripple Validator Profits?

    Now, totally wild speculation. You might be able to further decentralize this process running a UNL selection formula directly in RCL. This would require each validator to publish its own attributes along with knowledge of other validators attributes. Basically, each validator would have to hold its own registry, with verified/unverified designations for the other validators attributes. Each validator selects their preferences, and RCL runs a voting round for the topology. If you didn't like your UNL you could always refuse to participate. Edit: Understatement of the year.... This seems very complicated to actually implement. If Ripple pulls off something like this they are truly gods.
  16. 2 points
    Apollo

    Ripple Validator Profits?

    Just a guess, but I think there will be a validator registry. (lots of speculating here,) When you run a validator you give the registry what ID and other info you are willing. A list is generated with attributes for each available validator. (Ie. location, identity, jurisdiction, statements of validator policy, uptime, agreement rate.) Instead of directly selecting your UNL, you select attributes you care about. Ie. I don't want any validators from X jurisdiction, I want good agreement rate etc.) Then the registry issues you a UNL which satisfies the topology requirements for RCL. The real difficulty with decentralizing RCL is that you need to have minimum overlap between the UNL's. Something like this would guarantee that happens. You do need to place some small trust in the registry, but depending on how Ripple goes about this it could be extremely minimal. It is possible to make a list which can not be fiddled with without people knowing about it. For example, the statements from each validator held by the registry could be signed by the validator, and the list could be public. If you did that and made the selection formula for the UNL public, there is no way I can think of for the registry to cheat.
  17. 2 points
    Rchopra

    Ripple - Open Banking IFGS 2017

    Thats fine if there was nothing new and if u read my msg again i u will find that i never criticized Ripple in it. All i said that i did not get any new info and if u look in the past its not the case that they do not share anything new in the lectures, in fact Chris larsen talked about new details in his Davos interview, there was new info shared in DIgital currency group discussion, world economic forum. I guess there is saturation in new information that old members can get now.. lol ?
  18. 2 points
    Morty

    stellar and ripple

    Stellar has a bigger distribution problem than Ripple 102,822,735,913 Total lumens (and climbing) 7,163,597,537 lumens not held by foundation
  19. 2 points
    I plead guilty of being quite intolerant to nonsense presented as facts.
  20. 2 points
    xrpinvestor

    A simple request

    But Fatcat the fact is that for the market does not matter if people get tired, waiting 3 or 4 years in sideways, and if they read every daily XRP news or they know the code behind the technology. The market is so cold about our knowledge, feelings and beliefs. A guy who doesn`t know nothing and bought 1 day before the great pump makes more money than those who lost their faith and get tired - and I am not recommending one to know nothing about his investments. So, its comprehensive that you are questioning yourself what is wrong with people who hold XRPs ("speculators", "whishful thinking") while you, that held tons of coins and believed since the beginning, you that knows how the things are and knows that XRPs has no utility because banks are not using it (or at least no one can prove to you), its comprehensible that you think that is important that someone must prove to you that XRPs has value because banks are already using it. And if banks will touch XRPs in the near future and the prices spikes just because the market knows that it is going to happen soon? Maybe, the thing is that you are looking for the wrong side of the story. That you simply aren`t understanding what is going on in the market. Maybe your story will be among the saddest, the people who lost their faith, and lost the profits because the wrong way of think about the market. Maybe people who are looking for a proof of banks using XRPs will realize that when you get what you want (Banks using XRPs) prices have already skyrocketed. Its i the way markets work (with expectations and anticipation). In the beginning all the great business, leaders in his markets, is just small and difficult to see all the results that one are expecting to see. Those who wait to see the "big things" before the right time, those who do not have the necessary patience just stay behind the big profits. I sincerely wish that you find what you are looking for and make huge profits on the market! But maybe what you are looking for is not the right thing to explain XRP utility and value. Maybe it is just your mind that needs a reason to justify to yourself that you are right in your decision to leave XRP market.
  21. 2 points
    I found a detailed article of Consortium. http://goodway.co.jp/fip/htdocs/jod3zqjch-3242/ road map is there. The consortium is a plan to start foreign exchange commercial use in winter from autumn of 2017. And they are plans to start domestic exchange at the end of 2017.
  22. 2 points
    It's a shame that good news can't even be recognized and acknowledged on this forum anymore.
  23. 1 point
    @RDS Maybe @enej will chime in but here's his response to a similar question I asked recently:
  24. 1 point
    baggy23

    A simple request

    I don't think he is just trolling, we need critical thinking people like him!
  25. 1 point
    enrique11

    Ripple - Open Banking IFGS 2017

    lol...you got to love the comment @17:15 about the lawyer "wimping out" and that that's to be expected because blockchain technology will be replacing them.
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