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Showing content with the highest reputation on 04/21/2017 in all areas

  1. Thanks to @aless for posting this in the zerpbox: https://www.bloomberg.com/news/articles/2017-04-20/bbva-taps-blockchain-to-make-international-payments-in-seconds "Banco Bilbao Vizcaya Argentaria SA, Spain’s No. 2 lender, has executed its first cross-border payments through a system based on the software that supports bitcoin, the company announced Friday. Using a program built by Ripple, a San Francisco firm, BBVA has transferred about 50 euro-denominated payments to Mexico from Spain in seconds. Such transactions normally take up to four days to clear, the bank said. BBVA pla
    24 points
  2. SBI Ripple Video "Japan Bank Consortium and its Ripple-powered platform" Tnx @nikb
    18 points
  3. Since this video is out. I shall quote from an anonymous source to get a fuller picture - "SBI money plaza will have 300+ offices in japan and offer POS services to retail japanese customers that utilize the same SBI Ripple backend almost everything connects and works with the central RCL platform - the core platform is public blockchain and the "regional tokens" are all private and some public."
    13 points
  4. Another coverage at Finextra - https://www.finextra.com/newsarticle/30464/bbva-runs-live-funds-transfers-over-ripple To me the funniest part is that BBVA is a member of R3, Hyperledger and Ethereum Enterprise Alliance, yet they implement Ripple for real money transfers. While consortias talk, Ripple walks (is moving fast actually)!
    13 points
  5. Poloniex exchange is supposedly owned by Tristan D'Agosta. Who is Tristan D'Agosta you ask? Good question, nobody seems to know. There's no interviews with him at all except those on the Poloniex website. Additionally he has a placeholder Twitter, a just as useless LinkedIn and a website that looks like it was put together 10 years ago. He also charges $30 per hour for music compositions. Hardly the profile of an Gen Y entrepreneur or business owner, especially one in the technology space. Poloniex also has a maximum withdrawal limit per day. A legitimate purpose for this could be to all
    12 points
  6. If you check out page 16 here, two super important news: - Aranda saying Ripple works with 150(!) banks - Santander UK saying the pilot with their employees was successful. They got very positive feedback and increased volumes! https://issuu.com/level39/docs/level39_report_2017/4?ff=true&e=24575029/47534111
    12 points
  7. Credits to CryptoYoda https://cryptoyoda1338.wordpress.com/2017/04/20/why-etc-xrp-ltc-will-change-the-game-soon/amp/
    9 points
  8. Hi guys, I just recorded an interview in which Brad Garlinghouse is spreaking at Bloomberg radio, which I want to share with you all. Since our forum doesn't support sound formats I uploaded it to dropbox.You can find the interview at this link: https://www.dropbox.com/s/cstym51kljm71ai/record20170420223525 (2).mp3?dl=0 I hope you guys appreciate this and we will have a great time at my 2 dollar party next year. Best Regards, All day changing Churchill
    8 points
  9. OlivierA

    Crossing the Chasm

    I think with recent news, price movement and today's Japanese Bank Consortium video presentation, we have crossed what is called the early adopters "chasm" phase of the Technology Adoption Life Cycle. The first phase come from techno savvy people and enthusiasts (Like us here). "Fundamentally Innovators (1st Phase) seek new ways of doing complex tasks and are willing to take the risk hoping to gain competitive advantage over time"* Then, it is followed by visionaries ready to invest in what they believe will give them an edge - and very good profit over time. "The Early Adopters
    7 points
  10. The video doesn't mention Ripple, but the article from its website does: https://www.bbva.com/en/news/economy/financial-and-commercial-services/fintech/bbva-completes-first-real-time-international-money-transfer-europe-mexico-ripple/ https://www.bbva.com/es/noticias/economia/bancos/fintech/bbva-realiza-transferencias-internacionales-tiempo-real-europa-mexico-ripple/ It also says they are working with R3, Ethereum Enterprise Alliance and Hyperledger.
    6 points
  11. The bad news is that none of the banks are transacting with each other, they're simply using Ripple to transact between their own branches. The good news is that this will change when SBI Ripple Asia comes online with RC cloud. The good/bad news is that it looks like there are now ~150 banks working with Ripple however it's unclear if this simply represents the ~90 from before plus the Japanese consortium that we already knew about. But the additional good news is that we know that they continue to onboard new customers as evidenced by the BBVA announcement today and the new India MD position
    5 points
  12. I think they make enough money to not think of running away. According to today's volume they made around 330k USD in fees only for normal trading. That is 120M USD per year! 1B XRP are 30M USD. Ok there are other coins, but why doing something illegal when you can earn the same in one year legally?
    5 points
  13. Summary of the quote: Debt sucks. Debt will ruin the world. Ripple is smart and makes a nice system for everyone to use. It is based on debt (IOU's) but I don't understand that. Ripple will win. Here is TA to proof you have to buy XRP. Making my position more valuable.
    5 points
  14. You have never met my wife and daughters.
    5 points
  15. Duke67

    Crossing the Chasm

    @OlivierA is probably right. I would however like to draw your attention to the price of XRP, which is probably the most interesting aspect of this venture for us. The laggards and late adopters ALWAYS pay the highest price. The price will continue rising until the latest 5% of adopters is on board. Have a safe sail!
    4 points
  16. Hi all, I had just published the codes for running a validator: https://github.com/ripplerm/steemiex-node The workflow/rules are documented in /docs folder: https://github.com/ripplerm/steemiex-node/tree/master/docs the Gateway is currently running with 5-validators (all owned by me), deployed on machines at different locations, across US and Europes. I wish to make it decentralized in coming months, hoping to have validators from different countries/regions. (RCL multi-sig feature currently support maximum 8 signers) Whoever like to join as validator, @Twarden, @RafOlP,
    4 points
  17. sabbit

    hello

    hello
    3 points
  18. Step by step and the bigger the orgs, the larger the feet and the slower the walk. Compare it with the proces of buying a car. First step is seeking for information what the market has for you. Next step is looking for a dealer and a few step later you're ready to do a testdrive. And that is where some Ripple clients are now - testing the car with fuel from the dealer.... Another few steps later you're back on that fuel station to refill ... That's the point where XRP, the fuel, comes into the game .... Gotto be patient for a few steps to be taken by those inert bankers ...
    3 points
  19. I also agree with this choice, however... in bold ... and after scanning this document, especially the graph on Page 11. https://ripple.com/files/ripple_solutions_guide.pd I agree with @kanaas but not 100% on the "always was" part, but I am guessing that each bank is being set up with their own RCL instance which can connect via ILP. Wondering if the spec requirements on page 12 are basically RCL specs? ..and I'm not sure I understand exactly how this "Ripple Segregated Account" works within a bank. Is that an account on the bank's existing ledger which escrows a balance i
    3 points
  20. Hurray to the Global network!! BBVA was founded in Spain in 1857 with the establishment of Banco de Bilbao. Currently, BBVA is one of the market leaders, operates a branch network with more than 3,300 locations and provides a full array of financial and non-financial products and services. Mexico: BBVA has a strong presence in the country since the acquisition of Probursa in 1995. BBVA currently carries out its activity through BBVA Bancomer, the leading financial institution in the country. US and Europe: Belgium, France, Germany, Holland, Italy, Luxembourg, Malta, Portugal, R
    3 points
  21. Wow - nice publicity! And it's on Bloomberg, following on the heels of the Bloomberg interview with Brad. Nice one-two market awareness and brand building.
    3 points
  22. I follow Crytoyoda on twitter and the guy provides great insight and rarely gets it wrong. If you are relatively new to crypto trading he is a great guy to track - His twitter handle is ‎@CryptoYoda1338
    3 points
  23. Apparently it can be done, according to this (haven't tried it myself):
    2 points
  24. Video of IMF's FinTech and the Transformation of Financial Services seminar that includes Ryan Zagone as one of their panelist. http://www.imf.org/external/POS_Meetings/SeminarDetails.aspx?SeminarId=215&amp%3Bintcid=Obanner
    2 points
  25. @Dizer it must be brand new. Ripple just tweeted about it.
    2 points
  26. ILP enables banks running an "RPL", to connect with each other RPL-to-RPL for messaging layer and connect RPL to the public RCL to accomplish the "market for float" or Liquidity Provider layer. "messaging Layer"... http://i.imgur.com/xXASTHv.jpg "Liquidity Layer" ... http://i.imgur.com/piakUnM.jpg
    2 points
  27. She got me with the first ???
    2 points
  28. Well you can at least keep an eye on their Ripple wallet: https://bithomp.com/explorer/rDCgaaSBAWYfsxUYhCk1n26Na7x8PQGmkq Interestingly they were at 1.1B before the pump. There are many ways to interpret this, one interpretation is that more and more XRP traders are going long and moving their XRP off Polo. One of the issues for most Polo traders is that there aren't good off-exchange storage options for many of the tokens. Polo has done a horrendous job in the communications department. Their reddit hasn't been active in over 6 months (https://www.reddit.com/user/Poloniex). On twit
    2 points
  29. Is demurrage still supported? Just typing out loud here so it might not make since, but what if the interest and demurrage features were incorporated within the escrow? The lender puts his funds into escrow with an agreed percentage, the taker puts his collateral into escrow and receives a new IOU with demurrage that they are free to trade with. A interest bearing and demurrage IOUs trade at 1:1 (interest earned is equal to the demurrage value as well). The longer the taker takes to pay back the more the demurrage eats into his assets and the more interest the lender makes. If the agreed
    2 points
  30. Much appreciated @Duke67! I will give it a try tonight
    2 points
  31. Saw this on local news. It might be of interest to @JoelKatz, @nikb @mDuo13, @Tim, @miguel maybe as an opportunity for ripple .. http://www.maltatoday.com.mt/business/technology/76459/malta_set_for_revolutionary_national_blockchain_strategy_#.WPj9ZoiGOMo I believe that Malta dosent have anyone even nearly as knowledgeable enough to put together a proper strategy at this point in time .. Maybe Ripple want to introduce themselves....
    2 points
  32. "lazy friday" perhaps ?
    2 points
  33. Thanks for bringing this to my attention!
    2 points
  34. @Hodor I'm with you I loved the video marketing - a lot of effort to emphasize how important BBVA is at embracing this technology. BBVA's initiative will have a major influence to all Spanish and Portuguese speaking countries through out Latin/South America and other European countries. I experienced their culture many years ago and witness first hand how open hard working and advanced they were technically.
    2 points
  35. I hope you have that party this year. There was some background noise, but I was able to hear everything pretty clearly. It was a good interview for Brad, and it seemed like the interview team peppered him with a bunch of non-ripple questions as well, just to find his perspective. His views on Bitcoin seemed spot on and knowledgeable about the current situation(s). He came off as an informed leader that has an exceptional financial product to offer the market - very good.
    2 points
  36. Hi, here is some important info for newbies: Bit T. Rex (and maybe other exchanges too idk) won't let you send XRP to a non-active wallet, but you can activate your wallet using ShapeShift by converting some coin to XRP. It works, I just tried it. Maybe a more advanced member can move this info to where it would be most useful. Thanks y'all, and keep on rockin in the free world.
    2 points
  37. Ripple already had Japan, now if Europe is the next step, things could get interesting.
    2 points
  38. I think that in this case CryptoYoda actually represents the mainstream crypto. And it's good to see that hardcore bitcoinista & his little brother find Ripple's future great.
    2 points
  39. Zeth

    Future of XRP

    In fairness I think we all are guilty of this. The thought of making a relatively small investment that will "potentially" create life changing wealth in a matter of years is too tempting to resist. That said, I do find that if you read enough opinions on the future price of XRP (both positive and negative) you will create some sort of internal barometer that willm your manage expectations. Realistically there are so many variables that it is near impossible to make an accurate guess of the year 1, 3 and 5 value projection.
    2 points
  40. 2 points
  41. The codes related to transaction ordering: https://github.com/ripple/rippled/blob/master/src/ripple/app/misc/CanonicalTXSet.cpp#L78-L98 in human language, the ordering is determined by: calculate the "random" seed. (hash of transaction-set) each account is XOR with the seed. (let's call the XOR result "accountkey") sort all the transactions according to: "accountKey", Sequence, Transation_ID. As we can see, randomization (XOR) only applied on account, not sequence, nor txn_id... that means, txns from same account are always exec
    2 points
  42. I forgot to explain that part indeed: The collateral you deposit as borrower is used to cover potential losses. If the losses are approaching this amount, the system indeed liquidates any/all positions (buy back after a short position; sell after a long position) such that there is at least the amount available to pay back the lender. The remaining collateral (if any) goes back to the borrower. dvhz is talking about Poloniex where they indeed have a 2.5x leverage on what you can borrow, relative to the collateral. I.e. if you have 0.4 BTC, you can put that in your margin account as c
    2 points
  43. The ledger, itself, is stored in a binary format. rippled can respond in binary or JSON, with JSON being a convenience because it's easier for clients to parse (I'd venture a guess that for any programming language / environment you choose, there's more than one JSON reader/writer library you can use).
    2 points
  44. First, you need to deposit fund to margin to make sure you dont run away with loss Second. they have Maintenance level, If your Current Margin falls below your Maintenance Margin, your account will be liquidated.(u lost ur deposit in Margin. with max leverage 2.5 this 20% is really, really safe . Finnaly, base price depend on buy order and sell order in that time u check. So its hard to get full profit when you cant place orders, once you close your margin trade, its automactic fit current order to buy and return BTC for lender. thats it. dont worry about lending someone on polo. OR
    2 points
  45. We are all happy here because of the BBVA news and we have completely forget the Mexican counter-part. As @joebob mentioned in the chat, there is another bank in Mexico that must be receiving these payments and this makes the news even better!
    1 point
  46. Yeah, he had me at XRP, but wow - ETC is in the past for most fans. But... if you're interested in making profits day-trading crypto on poloniex, maybe he's right on. In all regards, he seems "right on" in terms of his XRP analysis.
    1 point
  47. Because txns from same account must be executed from low-->high sequence. randomly reorder all txns might cause conflict to this rule.
    1 point
  48. "Someone once asked Slick Willie Sutton, the bank robber, why he robbed banks. The question might have uncovered a tale of injustice and lifelong revenge. Maybe a banker foreclosed on the old homestead, maybe a banker’s daughter spurned Sutton for another. Sutton looked a little surprised, as if he had been asked “Why does a smoker light a cigarette?” “I rob banks because that’s where the money is,” he said." http://quoteinvestigator.com/2013/02/10/where-money-is/
    1 point
  49. details forthcoming
    1 point
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