Jump to content

Leaderboard

Popular Content

Showing content with the highest reputation on 09/19/2017 in all areas

  1. Hey guys, Everyone has read the latest news articles covering the court case(s) involving Ripple and R3. However, it appears no one has posted the actual court documents filed by both companies, so here they are. Three (3) documents posted below - complaint 1, complaint 2, option contract (everything is separated by the Ripple logo). Over the next few weeks and months, answers to both complaints, along with other court documents and schedules, will be filed by both companies and the courts in both jurisdictions (California and New York). You can learn a lot from court filings (ha,
    20 points
  2. Great cover from investing.com Hawk describes Ripple as the “quiet turtle plugging away with its eyes squarely set on the right prize which is revenue”. https://www.investing.com/analysis/expect-ripple-to-soon-rival-bitcoin-200214016
    19 points
  3. My latest blog entry talks about the W3C working group for payment requests, along with some interesting XRP wallet statistics and SWELL. There's been some crypto buzz around the "payment request" standard for browsers; I discuss this a bit and then talk about some XRP wallet statistics recently published by some XRP developers on Twitter; I think the numbers are fascinating. Let me know what you think, and please feel free to share my blog on other media. My blog announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP
    19 points
  4. The short answer is that it's not efficient to settle small payments directly on a public ledger anyway, at least not with today's technology. So they'll use things like payment channels or off-ledger transactions to move the XRP. This is why ILP is such a big part of Ripple's strategy -- there needs to be some way to coordinate transactions that take place on different ledgers to ensure that either everyone gets paid or nobody does. That permits parties that don't trust each other to facilitate each other's payments.
    11 points
  5. Thanks, @T8493 , @Professor Hantzen , @Birdybird , @Alluvial , @timcoinNY , @Wobile The court documents filed in both state courts (CA and NY) were free to access, and they are public record. Unlike the US federal court system, where you have an account and must pay to access the files (check out pacer.gov), these three (3) documents were, again, free to access. Hopefully this post found its way into the correct thread. And hopefully it stays here, for this is interesting and could shed light on a lot of different things constantly discussed in this forum. Three things real quick:
    9 points
  6. Ripple major shareholder SBI Holdings signed a memorendum with CoVenture Holding Company http://www.sbigroup.co.jp/english/news/pdf/2017/0919_a_en.pdf
    6 points
  7. Thank you. I'm a lawyer, and fir sure did your summary make things easier. Let see what happens at summary judgment. Looks like there was some admissions of a failure to perform by R3. Judge may throw it out. Good to know.
    5 points
  8. Haha only if they tell me what i want to hear
    5 points
  9. Ripple's IPO would dwarf Uber. I hope Ripple waits to go IPO until the market is whipped into a literal frenzy for it!
    4 points
  10. In part I agree because now the product is 100% in the hands of Ripple, but what will happen when XRPLedger will be decentralized? I think we cannot blame Ripple of what happened. The code is there and public, sort of documentation is there, the API are very well documented. I'd read any freaking line of code and documentation before moving millions of USD worth of capital via XRPLedger as the user was doing.
    4 points
  11. I would add that XRP adoption will also be dependent on the quality of the fiat-to-XRP gateways and exchanges. In my mind, -- if and when -- more "when" than "if" -- major financial institutions start "making book" on XRP -- I think when they do that -- it will force feed XRP's into the banking system. When I say major institutions -- I'm talking about the currency desks at people like Forex, BNYMellon, Santander, HSBC, Barclay's, the major South Korean banks, and even the evil empire run by "Shine on you crazy Dimond" JPM Chase -- when they start making book --- there will be movement.
    4 points
  12. The problem is not the fee level. The fee level is a symptom. There's no evidence that the problem is the result of an intentional attack. It does seem to have been triggered by a recent change in transaction patterns, but there's nothing apparently nefarious about the transaction patterns, they just happen to trigger emergent bad behavior. I'm going to have to be a bit indirect just in case there's anything exploitable here (though I don't think there is) but it seems to be the result of a design decision I made quite some time ago. It was intended to give transactions more equal tr
    4 points
  13. YAY, I'm considered to be in the 1%, well how about that!!!! Oh almost forgot
    3 points
  14. The language of the Option Agreement seems pretty straightforward, and Ripple acknowledges the consideration received for giving this option to R3. However, the option agreement does say that it is in connection with the "Technology Provider Agreement." I don't think we have seen the Technology Provider Agreement. That will tell us what R3 was required to do under the agreement. If Ripple can show R3 breached its obligations under the Technology Provider Agreement, then maybe the option part of Ripple's responsibilities under the contract can be voided. On a side note, I don't t
    3 points
  15. Yeah...I imagine Ripple giving away 5M XRP to flashFX such that they can offer high liquidity AUD:XRP with tight spread (also losing some XRP), the volume increase because of the nice spread and other MM could kick in because the volume is higher...
    3 points
  16. Second round of fund raising ... higher valuations for Ripple ... like Uber. Another huge fan of Ripple is David Drake, the chairman of wealth preservation firm LDJ Capital. Drake is also enthusiastic about Ripple. “A lot of people in the beginning question Ripple but now when they are doing the second round of fundraising for Ripple Labs I expect a larger valuation. It is not inconceivable that this may simulate the trajectory of something like Uber down the road.” he says.
    3 points
  17. Do you believe in horoscopes as well?
    3 points
  18. That seems very unlikely. We have been watching the network transactions on and off since this started, and we have seen no evidence that the network is being spammed. We have also seen no evidence of nefarious interactions with the validator that we run. The video you posted is applicable to Bitcoin, which uses proof of work rather than consensus. BTC also has vastly different block timing than the Ripple ledger, which (combined w/ load based transaction fees) should mitigate the 'mempool' issue. While we have seen a slight increase in load on our server over the last few weeks, it is certain
    3 points
  19. It just strikes me how there's so much wishful - or greedy - thinking going on. How is the launch of the Tez-app by Google not a huge development in payments with regard to Ripple? Tackling India first and Tez is trademarked in Indonesia, Philippines and Vietnam as well. Remember Dilip Rao's tweets re Philipines and Indonesia? or about visiting Hanoi? It's happening right in front of us and still there are so many who (choose to) turn the blind eye, because the price didn't shoot up 3000%. It just baffles me, how it comes to mind to criticize Miguel and Ripple becaus
    3 points
  20. Hello fellow Hodlrs!! I just recently learned how to use a Zbrush software to do some 3D prints and came up with the idea of printing out an XRP ring. The plan is to cast it out on 92.5 sterling silver and price will be 699 XRP. My plan is to HODL the profits to pay my study loan in the future. If anyone's interested or would like any other crypto ring design send me a message
    2 points
  21. This help ? There will be a day when XRP can stand on its own, however the Crypto market is young and all the little altcoins are following Bitcoin around like it's their parent. The day will come ... hopefully sooner rather than later.
    2 points
  22. @Professor Hantzen, some sites that allow access to court documents don't allow public distribution of the downloaded documents. This is maybe one of the reasons.
    2 points
  23. I am just enjoying the smaller waves to surf while waiting for the tusunami wave
    2 points
  24. If you believe in investing in a diversified portfolio, by diversify in other crypto currencies won't necessarily reduce your risk by much. Crypto currency investment is still rated as an extremely high risk investment class very similar to derivatives. Diversifying a portfolio is when you diversify your investment across different asset classes Cash, Term Deposit, Precious Metals, Government Bonds, Property Invest Trust, Local Shares, International Shares, Junk Bonds, Now Crypto Currency I don't think most people here is interested in slow growth.
    2 points
  25. @joemurray27 I've had a chance to think through the thoughts on Market Cap and this i believe is the best way to present what market cap would mean for a coin. Market-Cap for Crypto currencies would represent the level of trust as well as how widely accepted the currency has with the community. Eg. USD is has the largest supply as it is supported by the US which is currently the world largest economy. As much as we all believe in the utility of XRP its is still part of an asset class considered to be highly speculative, even Bitcoin which is quoted as being digital gold is in th
    2 points
  26. If xrp goes to 10$ I will order one, but the Ripple logo needs to be out of diamonds. If it only goes to 1$ I will take a regular gold ring.
    2 points
  27. I better purchase it now, before the price goes up
    2 points
  28. https://bitcointalk.org/index.php?topic=145743.80
    2 points
  29. I'm going by the stated 1000txns/sec. It's recently been doing about 8txns/sec, and has handled greater loads in the past without fees going up by factors of millions.
    2 points
  30. "In addition, SBIH will continue to roll out various new virtual currency-based businesses actively, with an eye to developing a new financial ecosystem involving virtual currency."
    2 points
  31. Initially, perhaps. But on the long term, it really remains to be seen if Bitcoin can survive as a store of value alone, when it is no longer used (and needed) for transactions. And at some point, we really will need to answer this question: it really necessary to burn as much energy as Denmark, for something (decentralized money) that can also be done a billion times more efficient? Considering the effects on global warming, in the light of recent hurricane disasters that are probably caused by global warming, is that even ethical?
    2 points
  32. so we are on the same boat But I just considered btc as an index and decided to invest in higher-beta coins and eventually made my XRP investing 30% greater. Because except the spike at august xrp was not performing well against btc. Although I am not expecting much from SWELL I think I will switch back to 100% XRP portfolio a week before.
    2 points
  33. 100% here. Simple logic. If 90% in xrp don't make you rich, the the 10% in XYZ coin won't turn around your situation either. F portfolios. One concentrated bet and that's it. Exception: you are a whale and even small price gains will secure you financially, then OK, diversify. But then you don't need to get rich anyway, cuz u already are.
    2 points
  34. This is a fair point. But regardless of which metric of value is used, the fees were too high for the system to work as intended. This is an error condition, and not intended, as evidenced by various Ripple employees statements regarding the situation as a "problem", "bad behaviour", etc. The code certainly allowed for 75,000XRP fees to be recommended by rippled or it wouldn't have happened, but this not a state that was intended to have been reached when the network is operating at less than 1% capacity.
    2 points
  35. Takashi Okita - SBI Ripple CEO - speaker on Finetec Summit http://finsum.jp
    2 points
  36. I have the same ethic - it's one reason I don't use ripple-lib (other than to sign transactions sometimes, though even that nearly burned me once). To be clear, I'm not advocating blame. I'm suggesting responsibility. The difference between the two is who acts first.
    2 points
  37. Sukrim

    Higher Transaction Costs

    But the fee levels ARE working as intended, their validators are just under higher load as expected. It doesn't help that lots of their Javascript devs don't seem to have a deep understanding of RCL in the first place, publishing a script with 0 fee caps that can dump LOTS of OfferCancel transactions at once is extremely close to being indistinguishable from a DOS attack and will in any case incur huge fees. The decision to make fees increase exponentially might have sounded nice a while back, but without auditing software downstream to add warnings this can lead to disasters as this one.
    2 points
  38. It seems that Raos Deep Dive was well received at FSSTech. This is their follow up and takeaways about Ripple: http://www.fsstech.com/postings-from-indias-ripple-deep-dive-event/ Interesting for us: FSS has build "Mobile Pay", a mobile banking application it leverages the the ripple network "to offer instant, on-the-go transfers over the Ripple Network." it was demonstrated to "40+ financial institutions and processors in South Asia" on a test network.
    2 points
  39. One bank is not just one bank. It's every branch they have. If "Nationwidebank" could move money from one side of the US to the other, instantly and basically free, everyone would start using them to move money. Other banks would see that and adopt whatever tech Nationwidebank was using. You don't have to have Regionalbank1 AND Regionalbank2 transacting to make it worth it. Also, it's my understanding that lots of banks have been testing the tech, off the main network. Some testing phases are over, so it shouldn't be long for the adoption phase. I probably shined about as much ligh
    2 points
  40. People are just impatient about xrp, one of the reason they dont like xrp. Better to mve on to other coins
    2 points
  41. Miguel hinted at some XRP related payments news in Q3. Q3 ends in 12 days. Soooo, one of two things will happen. We will get some XRP related payments news in 12 days, or we won't... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- hint noun \ ˈhint \ a statement that expresses indirectly what one prefers not to say explicitly had been dropping hints that he would like to be invited ------------------------------------------
    2 points
  42. @Sebastian Thank you. Please don't judge people on this forum for bringing something up. I see you have edited your comment, glad you did! Making assumptions about age and maturity on this forum is incorrect! A Senior Executive of Ripple made this quote on CNBC, he never ever should have mentioned anything specific with reference to XRP. That's what I am trying to bring across here. If you do so then expect to get some questions asked! Why should Miguel make such a statement, when he knows that it will take 6 months to a year or maybe even longer before XRP will see some adoption?
    2 points
  43. I did some intel as well to add to this amazing thread by @mars75 I am from Indonesia. And as an entrepeneur myself, I have been desperately waiting for a long time, for Banks or payment providers in Indonesia to adopt this kind of fintech solution. We Indonesians are always having trouble sending payments across the country. Bank's remittance charges high fees and long wait. Alternative is Paypal or Western Union, which is the same! It's hell here to send money globally. Trust me, Indonesian market for remittances are BIG!! (Remember we are the fourth most populous countyr in the world a
    2 points
  44. It's certainly possible. ILP will be a level playing field and many different payment systems, both cryptos and non-cryptos, will fight for market share. We believe XRP is best positioned to take advantage of this, but there is absolutely no guarantee of our success. As I've said many times, we are genuinely committed to improving payments and growing the market for crypto-currencies generally by bridging the gulf between today's financial infrastructure and new payment systems. We think that's good for everyone. I see us kind of like Twitter without the Internet -- we need a widely-accep
    2 points
  45. Hello, I was trying to get a better understanding of the relationship between XRP (the crypto currency) and the Ripple banking / financial services products. I tend to think that ripple the currency is based on DLT like bitcoin and that is open source but when I read about how banks are using it to settle transactions across I cannot imagine those transactions being transparent to the public or openly distributed. So are these separate things? Are the settlement channels across banks closed source i.e. a network set up among them where they control the nodes and trxs. are verified by or w
    1 point
  46. Thanks @karlos I was hoping that @JoelKatz could tell us a campfire story on that one... I was not disappointed!
    1 point
  47. Guess the "golden days" of edonkey and the likes, stealing and (re)distributing massive for free, that those days have been passing on you? Many creative talents or groups have been pushing to the ground by that massive theft. DRM, when it can be opened to become a tool for the individual, IS good for creators and you know what.... P2P payments combined with such Personal DRM might even become a means to by-pass the large scale content distribution channels.
    1 point
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.