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

  1. 6 points
    karlos

    XRP meme competition?

    You mean these?
  2. 5 points
    RDS

    Ripple, India and Transaction by May

    I beg to differ about it. I am Indian, currently living in Australia. If you do the research you will find out how people there adapt to new technology much quicker than any other part of the world. Reasons are, over 50% of population is of youths, about 200 Million people in middle class and expected to grow to 400 million people soon ( and most of them being tech efficient due to being educated ) Growth rate and lately Governments will to reduce cash transactions. Everything is pushing people towards digital payments. And yes Xrp may take some months may be couple of years to pickup speed but once people get the taste of quick transfers, people will love it. Example of that is "Unocoin" which is one of the few bitcoin start up ( and where Xrp is rumoured to be launched ) alone has 150,000 bitcoin customers. India has much more mobile wallet users than most countries in the world. So I guess we can expect good things in next few months.
  3. 3 points
    tulo

    RCL + Ethereum for decentralized exchange

    It has been a while that the crypto community was thinking about a decentralized exchange, to remove fees, trust in private (mostly unknown) companies and so on. So my idea is: we have a "decentralized" market that is RCL. The point of failure is in giving trust to gateways to issue IOUs. The solution might come from Ethereum, where contracts do automatic bridges to issue and redeem IOUs. But I'm not very expert so I'd like to know from someone that knows Ethereum better if they can clarify some doubts: Can a contract on Ethereum "interact" with other blockchains? That is send currencies, check for payments,... Can a contract on Ethereum send Ripple transactions? How can the contract generate Ripple address and secrets and let them be secret (only known to the contract code)? To which ripple node should the contract send the transactions (this is the hardest point)? Can a contract be modified after it is running? For example to add the code to handle a new coin. Can a contract be stopped?
  4. 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
  5. 3 points
    mDuo13

    Front-running (?) and other questions

    To my understanding, this is correct, but I've only glanced tangentially over the C++ code for it. Front-running via the transaction queue might be possible, but I think it's probably too costly to do profitably. The idea would be: Monitor for incoming transactions you might want to front-run (e.g. if you see a big order coming you buy and resell to that order at a higher price). When you see such a transaction, you force it to go into the transaction queue rather than the open ledger. This is easier said than done: You have to submit a whole lot of meaningless transactions with high transaction cost (adding up to a lot of XRP) The meaningless transactions would have to be sent from many different addresses, since any one address can have at most 10 transactions in the queue at once. Holding enough XRP to satisfy the reserve of all these accounts would be even more expensive. You can't kick a transaction out of an open ledger after it gets in, so you'd actually have to race the transaction across the net, submitting all your meaningless transactions to other rippled servers before they process the transaction you "saw" in step 1. This would be easier if the transaction you want to front-run got put in the queue rather than the open ledger at first. That would mean it's only possible to front-run transactions when the ledger is busy and the sender of the transaction didn't care to pay extra to get their transaction in fast. Keeping the open ledger full all the time would be crazy hard and expensive, basically DDoSing the RCL, because the open ledger's available spots increase when lots of transactions are making it in. While the transaction you want to front-run is in the queue, you submit the meaningful transaction(s) that are supposed to do the actual front-running business, paying higher transaction costs so you can cut in line. Then you wait for the transaction you front-ran to exit the queue... Profit! Unless the sender of the transaction took any countermeasures: If they notice they got queued and are worried about being front-run, they could submit a new equivalent of the same transaction with a higher transaction cost to get into the open ledger before your front-running transactions do. If they set the LastLedgerSequence aggressively enough, you don't have much time to do this; in fact, if their LLS is low enough their transaction will never get queued at all. In short, front-running via the queue seems like it would only be possible in some rare situations, and it wouldn't be cheap. I wouldn't try it.
  6. 3 points
    Chan_Maddanna

    stellar and ripple

    Jed can't be trusted, since the mt-gox having its keys stolen from his laptop, to ripple , and to cooking up companies to suck funds to his girlfriends account. there is zero credibility left... entire industry knows this, especially regulators know this, and i can confidently tell you str doesn't look bright and winning back this trust - i donno - looks practically impossible.
  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. 2 points
    This makes me wonder if you could make an ILP Connector as a contract on Etherium.
  9. 2 points
    some live footage of Ripple HQ after reading the sad news about SWIFT:
  10. 2 points
    I can't tell. The way he/she wrote made me thing there are many wallet files, but maybe you are right - that would require overwriting the previous files and agreeing with the OS prompt to do so. The error reported is wrong password, and this means only 4 possibilities: Password is wrong and file location is right Password is right file and location is wrong Password is wrong and file location is wrong Password is right and file location is right but there is a bug We have never received a report for option 4 except for the flow mentioned in github. Nevertheless, if the secret key is safe, here is a guide to migrate/recover an existing ripple account (and other tutorials): https://rippex.zendesk.com/hc/en-us/categories/200294024-Ripple-Wallet
  11. 2 points
    RDS

    Ripple, India and Transaction by May

    I would like to add one more thing for fellow members that XRP is going be launched in India by Middle of 2017, I do not have more details as this was informed by miguel, when i asked him about launch of xrp in India and Australia ( for Australia he mentioned it may take by end of this year ) so that is also going to help with the price, because India alone is market of 1.2 billion people. 100 billion xrp is not much even for India alone.
  12. 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 ?
  13. 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.
  14. 2 points
    It's a shame that good news can't even be recognized and acknowledged on this forum anymore.
  15. 1 point
    RafOlP

    Desktop Wallet - Creating cold wallets

    DEFINITIONS Cold Storage (cold wallets) To create a cold wallet, first lets try to use a broadly accepted definition for that: https://en.bitcoin.it/wiki/Cold_storage Adaptation: In order to keep a reserve of ripple balances offline, I understand that the balances must be held by a key that has never been online and is out of the reach of online thieves. Wallet or Account A pair of public and private cryptographic keys that can hold value and create transactions (Master/Regular Key and Public Key). Wallet File A file that can be opened by a client which will have access to an account's Master/Regular Key in order to create transactions. 1 - Prepare the environment: The higher the level, the more secure. There are many levels of paranoia that one can escalate in order to be 100000000% sure nobody can reach the keys, but lets focus in practical everyday usage. The simplest path, ideal for safe computers and for normal amounts is Level 1 or 2. For those who need more certainty, please read the other levels. You can also mix the methods. Level 1: If you trust your computer is safe, download the client in your current OS and disconnect from any network. Level 2: If you trust your computer is safe, use virtual box to create a VM with a fresh OS (i.e. a clean Ubuntu), open the new OS, update it and download the client in the fresh OS. Level 3: If you trust your computer is safe, use virtual box to create a VM with a fresh OS (i.e. a clean Ubuntu), open the new OS, update it and build your own client from the github repo in the fresh OS. Level 4: If you trust your computer is safe, create an Ubunutu Live USB or CD, boot your machine using this media for a Live CD session, and download the client in the fresh OS or build your own client from the github repo in the fresh OS. Level 5: Buy a new computer meant to be offline forever, turn it on far away from any kind of network connection, download the client (or build it) in another safe computer, disconnect from the internet, copy it to a brand new portable media (i.e. USB) and copy it again to the new computer. Level 6: Suggestions accepted 2 - Create the wallet: In the environment you prepared, open the ripple client, go to create new account/create_an_empty_account, choose a place to save the wallet file. - - if the computer you are will go online again, save the file in an external media and remove the media before reconnecting to the internet. Choose a strong password and you will be presented to the option of saving your Secret Key. Write the Secret Key in a paper, or take a picture from it (not with your mobile phone!) or any other safe method to store it. Save the wallet file in several offline medias (USB), and never use them in your online computer, keep them private. You can use encrypted volumes if you want. Save your password too. The password alone can't do any harm, so you can use traditional password managers and you can have many online backups of it. Save your public key to a text file and backup it (you will need it every time you will send money to this account). Double check to see if the text file matches the public key in the client's top right corner. Close the client, remove the external medias, clean the clipboard. 3 - Activate the wallet: Open the text file with the public key in an online computer. Open one of your online accounts with the client. Send some XRP (50) to the cold wallet's public address. Check the address at https://www.ripplecharts.com/#/graph, or any ledger explorer you trust. DONE! OPTIONAL Validate the wallet: Will you send 1MM USD to this account without validating it? There is a risk balancing thinking you must do now. Offline Validation, by @jn_r, (I wrote a step by step tutorial about creating offline transactions here). If offline validation doesn't work for you, you may try this: In an offline Ubuntu Live CD session, plug the USB with the wallet file in, open the client and open the cold wallet. Remove the USB. Connect to the internet just for the time necessary for the client to show you the account received 50 XRP. If there is 50 XRP in the account, you are all good and you can send your money there. If there is not, there was an error in the process. Close the client, kill the Live CD session. Will this procedure invalidate your cold storage? IDK, up to you. DISCLAIMER Please, follow this instructions if you want at your own risk, this is not in any way professional advice. CONTRIBUTIONS Security experts are invited to step up and improve this method.
  16. 1 point
    TokenBaby

    Ripple, India and Transaction by May

    News on Ripple in India ... http://www.livemint.com/Money/fz3pwGy9a9b8zUHXOFBIbP/New-technology-for-faster-and-cheaper-remittance.html “Our target is to get one or two banks in the country. And from India, I expect an actual transaction by May,” said Rao.
  17. 1 point
    I believe a m-of-n account with 3-of-4 ripple gateways signing the transactions is a good PoC. There is no need for ethereum.
  18. 1 point
    Last time I checked the society was still based on capital accumulation. Until that becomes illegal, it is party on. This was the biggest Xrp pump in 4 years. By the recent negativity on this forum, I reckon this bull run has still very strong legs. Sent from my iPhone using Tapatalk Pro
  19. 1 point
    Sukrim

    Front-running (?) and other questions

    As far as I understood it, the set of current transactions that would go into the next ledger is taken as a seed value to order them. Since all servers will only include the same transactions eventually this is deterministic, but hard to predict, since any transaction being submitted by anyone globally could change this.
  20. 1 point
    Apollo

    stellar and ripple

    The best way to understand the difference here is NOT to look at the laws they are registered under. There is nothing nonprofit about what Stellar actually does besides say they help the poor in marketing. Jed owns a bunch of XLM so if Steller wins he gets rich. This is the only "nonprofit" I know of that would turn the founder into a billionaire. Their non-profit status is a complete joke. Also, did they ever even register as a nonprofit, or are they still just holding themselves out as such without actually filling? I know for at least the first year or so of operations they called themselves a nonprofit without actually being one. The Stellar inflation system and giveaways are both done in such a way to give SDF a huge amount of XLM through the back door. Accounts default vote for SDF unless changed, so no one else will ever win the inflation vote, and they keep doing giveaways where all the unclaimed XLM goes to the SDF (which is the vast majority). Ripple also works with nonprofits (like the Gates Foundation) and has actually helped the poor more. Not to mention, Steller is now trying to integrate with banks and has largely dropped the bottom up approach, and Ripple is now pivoting to include more bottom-up aspects.
  21. 1 point
    JackTheRippler

    Beginners Tech?

    Don't know how much I can contribute but I'm interested!
  22. 1 point
    RDS

    Ripple, India and Transaction by May

    I tried to find the info on average Btc holding on Unocoin website but could not find that information.... Would post it if I get anymore update about it...
  23. 1 point
    cmbartley

    Ripple, India and Transaction by May

    Interesting, seems that some sort of modified Drake equation could be used to estimate the impact of Ripple-India market penetration on the scarcity of XRP assuming supply stays constant (which we know it won't). What is that average BTC holding of an Unocoin customer? And so many other question. At the end of the day, access to more markets can only be a good thing.
  24. 1 point
    corak

    Ripple, India and Transaction by May

    I meant end users actually creating new wallets for themselves on the ledger, hot or cold wallets, and publishing orders for buying and selling gateway-issued debt (in other cryptos or in fiat) or other things on the RCL. I just doubt someone just looking to exchange some Rupees into USD or vice versa will seriously want to go through XRP and gateways - themselves. Having a FI do that for them is another story (they don't care if thats what happens behind the scene). Transacting directly on RCL is not going to become a mainstream use case anytime soon is all I'm saying - as such, XRP scarcity is not going to be affected in the near future.
  25. 1 point
    RafOIP, since he only has one wallet that is functioning, is it possible that everytime he created a wallet and saved "wallet" file he was automatically overwriting an existing wallet file? That's the only reason I can think of beside file system location issue for only one functioning wallet, in which case the last created wallet is the only one that works. Another possibility is that all the wallets were offline except the last one.
  26. 1 point
    We're currently testing a branch with submodules updated, including RocksDB. It appears to pass preliminary tests. You can get it here: https://github.com/joelkatz/rippled/tree/submodule-update Update: Sorry, this branch doesn't really update RocksDB. Look down two replies.
  27. 1 point
    Incidentally, if one so happens to feel a particularly keen sense of enthusiasm for a given subject, and are explicitly desirous of transmitting such affectations to present (hypothetical) company through the efficacious and instantaneous medium of verbal elocution, as has been so fortuitously bestowed upon them through the gracious virtue of the fact that they are, probably, lifetime members of the species Homo Sapiens sapiens (thus possessive of the prerequisite thyroid bone + FOXP2 gene etc., etc.), it may well be their heart-felt inclination to extend as far as to say: 'Right, well...!' together, before answering the question....
  28. 1 point
    I am simply trying to automate some reports on my personal ripple accounts using ripple data api and this script for importing json into google sheets: https://medium.com/@paulgambill/how-to-import-json-data-into-google-spreadsheets-in-less-than-5-minutes-a3fede1a014a
  29. 1 point
    enej

    - SOLVED -Gatehub support not responding

    Hi @rohanneal we apologize for the wait. Please PM me your email and we'll speed things up. Thank you!
  30. 1 point
    Hmm...it never really bothered me that much that they weren't locked up, even given that 60% are held by ripple, if all remaining xrp held by Ripple were dumped on the market all at once for free to anyone except those currently holding ripple, then current holders' xrps would depreciate in value from current $0.035/xrp to new one of $0.0135/xrp, decreasing currently circulated ripples in value by 61.4%. Yeah, it would suck, but xrp would still have more value @ $0.0135 than what many of us paid for it. Even without lockup plan, people dumping on the market would only allow those of us who believe ripple will eventually succeed to get xrp at a deep discount. I'm not saying that's the best way to go, dumping all remaining xrp on the market, especially for free ;P, just saying it's not as bad from certain perspectives.
  31. 1 point
    @miguel I expect XRP lock-in Monday next week. Can you make it earlier?
  32. 1 point
    Thank you for assuring that Max appreciates what I wrote. I never was involved in any way with NXT or the old forum. I am sorry to hear that my efforts to counter the increasing negativity here exhaust you. I promise I won't reply on your postings anymore, maybe this helps.
  33. 1 point
  34. 1 point
    Building the ecosystem is exactly what the are doing, they are building the technical infrastructure, the regulatory framework and the partner network that is essential for the ecosystem to become useful. Usefulness will attract users. The real world application developers that will be using Ripple are the developers that want to easily send and receive payments. From and to real user's wallets, from and to online businesses. To and from real money in the bank. Ethereum does not solve that. It only solves payments from and to ethereum wallets. Who has that? Bitcoin does not solve that. It only solves payments from and to bitcoin wallets. Who has that? Ripple is very close to solve it.. from and to the wallet you already have, the one you use every day, called your bankaccount. Once all the groundwork is completed (hard work!!), and sending and receiving payments is as simple as setting up a gateway account, including a C#/C++/JavaScript library in your software and adding few lines of code, developers will rush to use it. Until then, it makes absolutely no sense to set up developer conferences and say hey let's all start working with this unfinished and badly documented platform. If anything, that will only turn people off.
  35. 1 point
    You can run Rippled, contribute to the open source code, develop a wallet, start up a gateway, have some fun trading or even become an amateur MM... ..... With a lot of help on technical support, here on this board from the Ripple CORE developers (they always have fast and good answers to serious technical questions)... No community? I think there's a very good base here for a strong community, but most here are just watching and complaining about XRP price movements and lack of pumping activity from the Ripple communication department. Ripple is building an internet of value you see, not just selling and pumping a coin....Those not seeing or understanding this model better move on. For the rest it's OK here. As you said Ripple opted for the topdown model. Good choice i think as it's the only to bring regulation in line with the tech. If you prefer the bottom up way than there indeed is Stellar with a "fantastic" community and "support" from the devs ....
  36. 1 point
    BAX

    A simple request

    Guys FatCAT is well known TROLLER, FUDer and XRP HATER! Just look at his previous posts and enjoy! I really feel bad for you, because you don't have anything better to do!!!
  37. 1 point
    digitalis

    A simple request

    Translation: I'm another hater who missed out on 500% gains
  38. 1 point
    karlos

    A simple request

    ATB -> ReiseBank https://charts.ripple.com/#/transactions/C48EF02E1ECA569E08F31F81EA356BBA7790E1CD2F8EDFB9EF2BD4C80197BB93
  39. 1 point
    T8493

    A simple request

    Fidor->Snapswap transaction: https://charts.ripple.com/#/transactions/4F88B09740DC70A8CA7658ADD183903D47BC1A503273A9899BB216AA229BDA11
  40. 1 point
    Rchopra

    Ripple - Open Banking IFGS 2017

    I love Ripple and i do not mean to sound negative but honestly speaking there was nothing new and it was repeatation of same stuff by Danny.
  41. 1 point
    They didn't see it coming as she's still in the SWIFT speakers list here for Bratislava in june
  42. 1 point
    @cmbartley thank you for getting this done! The community on XRPChat has more power and influence than many of you realize. Please keep channeling that power in positive ways like this and we will surely see the market respond in a favorable fashion.
  43. 1 point
    Zeth

    Is Ripple part of R3?

    I know R3 quite well and they are in the process of securing funding, a lot of funding! The figure will be between 100m and 150m and while a large chunk of that will be for hiring predominately in Dev I believe a chunk of that money will be used for acquisition of blockchain companies. It is very likely that a company like Ripple that like R3 is very bank friendly could be on the horizon for acquisition or at least part funding and partnership. It makes sense as a partnership and will only go to push Ripple further into mainstream acceptance for FI.
  44. 1 point
    enrique11

    Trading and Investing in XRP

    Great post. Yes, it's true. If you believe in the tech and you're in it for the long term, you have to ride out the ups and downs, and it can take years. If you look at the historical price of bitcoin, it went through relatively short intervals of extreme volatility interspersed with very long periods of price decrease before finally skyrocketing in value.
  45. 1 point
    Think you got to separate effect on XRP pricing into speculation and determination on real needs or even shortage. The first is unpredictable as built on uncertainty and expectation - real or not. For the latter it is way to early. FI's do not like stepping in the dark and I suppose them building on the system rather slow and step by step. Unfortunately, IMO the last step to take wil be the full usage of XRP. For all steps I think they all will wanna do their own POC and testing on those important issues like security, reliability and scalability. Just be a little bit patient, if no other dinosaur shows up on the horizon... like @miguel said... dawn might be brilliant... but you got to wait until it comes...
  46. 1 point
    I think we should organize clarifications and responses to the most common FUD. I often see the same 20 or so things repeated. It would be nice to be able to drop a link or cut and paste instead of writing a new response. I think organizing it like a FAQ would work best. I would take this on myself but I am entering my finals push. So, I will not have time for the next month. But if someone starts this up, I will contribute this summer.
  47. 1 point
    ripplerm

    Proposal: de-centralized Gateways

    @RafOlP yup... after three months of testing, I'm almost ready to launch the Steem-Ripple bridge for alpha-testers. my codes are still messy and incomplete, but will be publishing it anyway, wishing those who interested could help improve it.
  48. 1 point
    Everyone just gets discouraged whenever they see the natural dips in the charts. You have to remember that with a normal stock, unless you're absolutely sure that it will continue to go up or down for the next 3-5 work days, you don't buy or sale. It's just too regulated for anyone to buy and sale the same stock with the same funds more than once or twice a week. These cryptos form the same patterns on steroids because you could buy and sale every second for the rest of your life. So, if one person sales 20 bitcoin worth of a coin at once everyone else might sale just to be "safe" for the next 10 seconds and then buy back in. People keep talking about "pumps" and "dumps" as if they have to be coordinated the same way as they would on the regular stock market. It follows the patterns but this is just mass herd movements on the safety net of being able to buy back or sale out in the next second. Ripple will keep going up overall because it's everything bitcoin is but as fast as visa and backed by governments and banks. It will continue to evolve and within a very short time pass bitcoin in ease of use for average people. People say the same things that they did about bitcoin in the beginning. Yeah, but no shops accept it. They will. How can only such a small handful of people see that things change over time and that they improve. People get so stuck on where it is today. Look at the underlying facts. It has practically unlimited support and a real world need. Then just wait. AND... stop sniping buy and sale orders on the exchanges. If you want to sale or buy put in a bid that people have to reach for one way or another. Realize that you are in control of the market and that if you take a hunk out of the largest buy order on the largest exchange in the world just because you "feel" like it might go down, you are signaling to the entire world that its time to sale lower than what they are selling at. Especially those of us who have become "whales" off of xrp over the past few weeks. You can't expect to snipe 20-40 btc from the buy side and have the chart keep moving in any normal way. You place small orders or large ones but you place them where you want to sale not where they want to buy. Same with buys. You place them where you want to buy not where they want to sale.
  49. 1 point
    I was linked here from the Sia Slack during a conversation with XRPChat member cmbartley. I am a newcomer to this forum but a long-time XRP user. I would argue that Siacoin is a very good match for XRP and Gatehub . Siacoin stands among so-called "altcoins" as having a very specific utility. Siacoins are required to pay for distributed cloud storage on the Sia network. Furthermore, Siacoins are required for announcing hosts on the network, paying host collateral and for bandwidth. Siacoins are also involved in securing the network, from PoW mining and (very soon) to prevent Sybil attacks through proof-of-burn. Therefore, anyone that wishes to use the Sia network for storing data, or selling storage space, need to transact in Siacoins. Since Siacoin is a token with measurable utility, the cost of acquiring the tokens need to be calculated into the price of hosting storage on the network. The higher the transactional costs, the more expensive file storage on the Sia network becomes. For this reason, exchange mechanisms need to exist that lower these costs. Today, the costs are high, since fiat needs to be transferred to a bitcoin exchange (banking fees) exchanged into bitcoins (more fees) and then into Siacoins on an altcoin exchange (more fees; and then in the reverse when extracting hosting profits for fiat). Gatehub will lower the cost of storage on the Sia network through providing a more direct mechanism for businesses and individuals that want to buy and sell storage on the Sia network. Because the costs of acquiring Sia will be lower than current exchange routes, many users should choose to transact through Gatehub for their Siacoin needs. Adding Siacoin as a token available through the Gatehub XRP gateway is therefore a win-win for both Sia users and Gatehub.
  50. 1 point
    Chan_Maddanna

    Ripple, India and Transaction by May

    Wow, that's a brilliant observation and thinking.
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