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Showing content with the highest reputation on 12/03/2017 in all areas

  1. 10 points
    Sukrim

    New features for XRPL/RCL

    Since Ripple seems to still develop and add new features, maybe we should also post a few things that could be nice to have in there so they can discuss if it makes sense. I'll start with a few things off the top of my head: Currency/Issuance identifiers A special type of node on the ledger that gets created by some one (typically a gateway?) with a slightly more expensive "CurrencyCreate" transaction. The goal is to have the ability to set parameters that are account wide to all currencies issued by an account (e.g. TransferRate, TickSize(!)) individually per currency. Imagine a cryptocurrency wallet being compromised, why should a gateway then also have to freeze all USD balances? Current alternatives/workarounds are one issuing address per currency (which can quickly get out of hand and confuses users) or not using these advanced features. Escrow/PayChan for non XRP currencies I suspect there might be issues with trust lines etc., but it should be possible for me to at least explicitly accept an incoming Escrow or PayChan (if not implicitly by having an open trust line). After all, Checks are also designed to work with non-XRP currencies. UNL commitments A rippled server should have a way to commit publicly with a signed statement which UNL it is going to use for the next X ledgers. This would be a great thing to have for transparency and also potential validator registries. While I think it would be hard to detect fraud or validators signing a wrong UNL commitment, it might still be possible to find out or at least made easier to detect than in the current situation of complete intransparency. libRippleConsensus The general mechanism for Consensus is in my opinion useful for other applications too and it would be great to be able to have this part factored out a bit more and not so dependent on ledgers and internals - a library that communicates between actors, finds a set of state modifying transactions that they agree on leading to the next state and then starts the next round is useful beyond RCL. Many other algorithms in this space take a more trusted approach of (s)electing leaders that dictate the next state instead of cooperating. It might have useful applications in ensuring for example that many/most nodes in a distributed system are actually active and still working as well as having access to the current state, otherwise one might find out too late that some follower is three versions behind. Circular paths I think there's enough "literature" about them out there already. They have a purpose, they should be made possible. Crypto hardware support From smart cards to HSMs and TPMs - storing a validator's key in a plain text file is not state of the art (though it should still be possible of course). 1 to n and/or n to n transaction types If I want to pay 10 people 1 XRP each, I need to create, pay for and sign 10 individual transactions. It should be possible within limits to pay all of them in one single transaction instead, especially in non-XRP cases where some atomicity might be actually required (everybody gets the money or nobody does). It would be possible with Escrow and whatnot to create something like that, but then it would be even more expensive and spammy. Lending money on-chain Though this could maybe(?) be solved with a trusted third party as observer of the market releasing Escrows + multisigning transactions and the like, it would be interesting to have RCL natively support some sort of limited lending smart contract. It should allow someone to offer money (XRP/IOUs) for configurable terms (pay back until X, pay Y% interest continuously on PayChan Z, contract has to be covered by x% of your account's net worth - if it would fall below that on purpose (selling something) or by accident (your IOUs are not worth that much any more), everything that's left is liquidated until the debt is paid...) and others to accept these contracts. This would enable leveraged margin trading on-chain for any IOU that someone is willing to lend out. It would also offer gateways and their customers as well as large XRP holders a way of additional income. Depending on how these contracts are enforced, it could be relatively safe compared to an external service too. Destinationless Checks/Escrows In essence: "whover reveals the cryptocondition can choose the destination of this check/escrow in the Release transaction". Combined with a clause that (e.g. if a Check wouldn't go through because it is not able to deliver enough funds) only the revealing and the releasing accounts can send another Release transaction and only to the same recipient, but with different parameters (e.g. it would be ok to receive a little bit less, but to at least really receive funds).
  2. 10 points
  3. 9 points
  4. 6 points
    JoelKatz

    Ripple defamation ?

    "There is clear manipulation to keep XRP under 0.30, and there is obviously new XRP coming into circulation monthly form the company selling it off, but how much XRP have they sold to banks, and not speculators and traders like us?" I'm not sure why you say there's clear manipulation. Do you think Ripple wants the price of XRP to be under 30 cents? A higher price for XRP means we make more money selling XRP if nothing else. Also, are you claiming that Ripple selling XRP to banks is somehow a bad thing? Aren't they the least likely to put that XRP back into circulation and don't they have the most potential to drive demand?
  5. 6 points
    It's definitely growing and becoming more liquid. Just paying attention to the daily volume increase as of late supports that statement. Hopefully the petition to get XRP listed on Coinbase will be noticed by Coinbase, if they aren't already working on the details as we speak. Meanwhile at Brad's estate... I think he is preparing for other things in 2018...
  6. 6 points
    will4star

    Why XRP doesn’t increase in value

    'Supply' is what is available to purchase. There are umpteen million homes in the UK but still a housing shortage. Why? Because they're not all for sale! And more people want to buy than are selling. My holding of XRP does not contribute to any price movement, up, down or sideways , because I am not buying or selling. It's off the market - the same goes for the vast majority of Ripple's XRP. Right from day one Ripple have expressed their intent that demand increase faster that supply in the long-run. So please, please, please, for the love of all things good between Heaven, Earth and the Moon, please give this wretched 'too much supply!' argument a rest. In fact. Take it out to a secluded field somewhere in the countryside, dig a hole, and bury it, for evermore. Please. Thank you. Also, to those newer investors here - you may be unaware of the fact that for many, many months prior to XRP's meteoric rise this April, there was a consistent stream of good news regarding Ripple while the price remained a sullen $0.004-6. All the while Dash, Monero, Eth etc pumped for no discernible reason whatsoever. The market is not rational, and to lose faith just because the price doesn't seem to be following your predefined personal expectations, in the face of all this good news surrounding Ripple and XRP and its future potential, is quite frankly a mistake I think you will painfully regret. So, swallow your egos, do your research, use your brains, and have a merry fecking Christmas.
  7. 5 points
    tulo

    Estimation of crypto investors.

    Do you have a rough estimation on the number of investors in the crypto world? Or even better BTC and XRP investors? Private investors, people mainly. I know for example that Bitstamp have around 1M accounts. So my guess is around 10M worldwide for BTC. Imagine 10M investors...everybody want 1BTC. Basically all the BTC are needed to cover the demand. Imagine 10M investors who want 10k XRP (2500$, a small investment), then 100 billion XRP are needed, so probably there aren't 10M xrp investors. Imagine the number of investors becoming tenfold in years...the supply won't be enough so the price will skyrocket imo (for all crypto). But having a rough estimate of BTC investor can be a nice starting point for reasoning.
  8. 5 points
    Hodor

    XRP: Volume Analysis and Recent News

    In my latest blog entry, I discuss the increasing volume for XRP worldwide, and the implications from recent hedge fund announcements. I also analyze recent trends for XRP and Ripple as 2018 approaches. Hope you enjoy the read - please leave any feedback below. Feel free to share my blog with others and on other media, & thank you for doing so! My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  9. 5 points
    zenkert

    Xrp, the biggest opportunity cost

    A little FUDDER we have here maybe, or she/he is soooo disappointed that XRP has not matched the expecatations he/she had. And now having seconds, like this . . . - Hmmm . . . I really wonder if I made the right call? I see no other reason why still checking whats going on, since the divorce is done. Or is it?
  10. 5 points
    feeling more confident than ever before
  11. 5 points
    There is money waiting on the sidelines for the lockup. This XRP hedge fund announcement is the tip of the iceberg that will melt once the lockup happens, It won't happen quick, but volume will steadily increase as utilization climbs as a result of the security introduced by the lockup. Moreover, it won't be any specific news that triggers a price climb, nor speculation, it will be the perpetually increasing aggregate adoption of XRP as a bridge currency behind the scenes. Don't ever lose sight that Ripple has stated a 3-ish year plan, and keeping the price low now helps with distribution, which they enforce by open-market sales from their war chest (the equivalent of Bitcoin's mining aspect). They deny manipulation, but the combination of their volume-based sales and people's perception that they are suppressing the price, has the net effect of them actually having a suppression effect on the price. They'd have to stop sales to break that control, but that wouldn't be good for the future of XRP; they need as much distribution as possible to as many hodlers as possible to facilitate future liquidity on a global FI scale. Have no doubt, that in 3 years, they'll want the greatest value possible for XRP.
  12. 5 points
    Speculators perfer coins with low coin count and high variance. XRP aint that. We are handcuffed to BTC not because we are a similar coin, but as a 'hedge'. Looking at ripple over the last few months we track strongly correlated to BTC. Because the coin base for XRP is so large (38B) its going to take some serious buy in from LARGE FIs to start to move the needle. RIpple (and for that matter XRP) is not hunting whales(deep pocket Speculative Investors), they are hunting an entire ecosystem. A whale or two simply will not be able to move that sized coinbase very much for very long. Large FIs though, institutions for which Trillions and even quadrillions are actual functioning numbers not just math problems, Do have that kind of fiscal might. Naturally, Ripple wants them all hooked on XRP. In the end, dont worry so much about Technical Analysis. Its fun, like having your palm read, or the fortune cookie at the end of chinese food, but whats more important is the FUNDAMENTAL analysis. Do you understand Ripples Use Case? Do you have an understanding of how much money it will take to get ripple to $1? $10? $100? $1000?. Do you hold positions in XRP consistent with those understandings and are you comfortable with them? Do you know who the competitors are to XRP, and what they're up to? Do you understand the Escrow that is to be completed this month? Do you understand the coming impact of SBI? FWIW I DONT think that escrow is gonna cause a huge move in price, but as Im not 100% sure, Ive firmed up my XRP position a bit just in case.
  13. 5 points
    GiddyUp

    The $10 Las Vegas Party

    I'll have to ask for the time off at work... oh, wait ...all packed
  14. 4 points
    otstudio

    Xrp, the biggest opportunity cost

    Life is more than buying XRP. Sometimes you eat the bear.... other times, well, he eats you.
  15. 4 points
    Hi Max Entropy, I have been reading XRPChat posts religiously for months now because I'm ultra noob to crypto and am planning to invest considerable chunk of my savings in it. Now, I always thought of you as good counter/critic to over positivity around XRP. Why? Simply because I should know bad things as well and not just the good parts. Some of your posts made sense while some didn't. I'm fine with it and always thought people like you are important to balance things. But then you said this What did you do man? This is the most stupidest thought to ever pop up in any man's mind. I have been reading and hearing this statement so much lately that I'm starting to develop a different kind of frustratingish-angryish hatred for anyone who utters these words. You think you need latest & greatest tech to close down the banks? Bull****. There is a simple trick to bringing a bank down. That is - get your money out of it. No savings account, no FD, no lockers, no loans. Nothing. We, the people do this and banks all over the world will close, not in days. But in hours. You see, and mark my words - governments & banks are the most democratic things to have been built by humans. Ever. We needed a place to safely store our wealth We tooks loans to finance our inventions, our holidays, our education, our weddings, and most importantly, our emergencies We wanted safe returns on our idle money in forms of FDs and other interest giving schemes by banks We, we and we. We this. We that. You close all the banks down and soon there will be another bank up. Not because a corporation built it, but because our needs will build it. Similar is the case with governments. You can overthrow one but you still would want someone to lead your country. Can't give it to a billion residents to do whatever they feel right. Can you? But yes, banks and governments can and do go rogue. So, you can fight against their wrongdoings in some way. But please be realist, accept the fact that as long as human race will be alive there always will be governments and there will be banks!
  16. 4 points
    "Bitcoin is killing Ripple at $11,000, it will be killing Ripple at $20,000... and what will Ripple do? Nothing. It might move the value from .25 to .50 cents... big deal...... Partnering with banks has not paid off for us. Time is tight." Max Entropy said that "It does not matter how slowly you go as long as you do not stop." Confusius said that "If you invest $11,000 in Bitcoin when it is valued at $11,000 and in three months it rises to a value of $20,000 then you make a profit of $9,000. If you invest $11,000 in XRP when it is valued at .25 cents and in three months it rises to a value of .50 cents then you make a profit of $11,000....big deal..." I said that Sorry Bob!
  17. 4 points
    TheRustyHammer

    Hey everyone!

    Hey everyone, I’ve been browsing this chat and the ripple subereddit multiple times a day for the last few weeks and just now decided to become an active participant in the discussion! I’m just a broke college student trying to accumulate as much as I can, I got in about 2 and 1/2 weeks ago and have accumulate about 9k XRP in that time. My plan is to own ~20k before it reaches a dollar. From all I’ve researched and my gut, I really feel this can be a 100+ coin! I can’t wait to enjoy this ride with everyone who sees the same vision for a coin with an actual purpose and application in the real world! -TheRustyHammer
  18. 4 points
    Sporx

    XRP's Potential in Regards to Price

    Just because the price doesn't do exactly what people want, it automatically means Ripple manipulates the price? There's zero evidence of this other than "it's not doing what I want and what I deserve so they are out to get us". Not everything is a conspiracy, guys.
  19. 4 points
  20. 4 points
    "I smiled, realizing internally once again that crypto – and XRP – are still early." I mostly beat myself up for getting into the game too late, but maybe I should cut myself a little slack. Even those getting in right now are probably going to be considered part of the early movers.
  21. 3 points
  22. 3 points
    My view is that prices at this moment are are NOT connected to a realistic foreseeable use case, but more a sign of how much a coin is pumped by whales. I have friends who hang around in 'trusted' telegram channels, which use relatively small news items as an excuse / trigger to start pumping a coin, usually coins with a smaller market cap. The same accounts to a large extent for top10 lists of TuurDeMeester and others on twitter. They are sold as predictions but in fact they play along in a pumping scheme. And they actually work at the moment. None of my friends really know much background of the involved coins nor is an actual use case in sight, is debated if its decentralized or not, backed by a firm business model or not, but as long as people buy on these instructions and act like bots in a way, it's a self forfilling prophecy. I wonder where all of that will actually end.. Are they created bubbles that inevitably correct at some point (EDIT and hopefully run off to realistic use cases like XRP;) , or is the market so huge that there is still plenty of room for such playgrounds? For me, I can only put money in concepts that have some realistic outlook. In the end it can't just only be about rising values: at some point the proof in the pudding will be called upon. And the fake pumping is bad karma that will come back at some point, maybe the SEC is already monitoring some, and will knock on doors at some point. EDIT: Or whales get identified at some point and sued through civil law for their actions. A funny documentary on this you should watch on Youtube is 'The Rise and Fall of Riot-E', a Scandinavian startup in the days of the upcomming mobile market (when WAP was promissed to get hot:). The sky was the limit, the board hired their own family just to get in extra personnel for statistics, company creditcards were used to visit prostitutes, etc. Untill at some point.. I stick to good Karma, a good and use case in sight, and a professionally run company with trustworthy people. #Ripple #XRP PS Maybe @Hodor should discuss this part of the market in one of his future blogs.. maybe people will wake up then :).
  23. 3 points
    Skippy

    Tweet: XRP is being used by IGP

    Here they state stuff about it.
  24. 3 points
    Ripple-Stiltskin

    The $10 Las Vegas Party

    I’m in under one condition; what happens in Vegas, stays in Vegas!
  25. 3 points
    https://ethereumworldnews.com/ripple-price-pulled-back-promising-near-term/
  26. 3 points
    BlueSmiley

    Vote on Facebook to get XRP on CoinJar

    PS: This is happening on Twitter atm. XRP investors never sleep!
  27. 3 points
    And if you do, comment on the context and content not the grammar.
  28. 3 points
    Khaleesi

    The $10 Las Vegas Party

    I’m ready and waiting
  29. 3 points
    Nymdok

    @Ripple bullish Tweets

    I traveled all the way from 1972 to be here. It took 45 years, but I finally made it.
  30. 3 points
    Well, call them and don't bother us with again this same old story you debited already multiple times on this forum. It's an echo echo echo echo.... For 2018 I' m hoping of yet another disaster like in 2017 with a 4000% rise of XRP, beating XML, BTC and even ETH.
  31. 3 points
    Di3twater

    XRP: Volume Analysis and Recent News

    But do we really need to wait on ripple to create a retail solution using xrp? Any developer with the knowledge and skills could create a solution for that use case, Ripple doesn't have some secret sauce that makes everything better its the same RCL we are all using.
  32. 3 points
    JoelKatz

    The $10 Las Vegas Party

    I'm already working on the XRP $100 party. Helicopters will take everyone to the private island: https://www.privateislandsonline.com/united-states/florida/pumpkin-key We'll have helicopter service to and from the island during the party. At the end of the party, we will have a drawing, and the winner will get to keep the island.
  33. 2 points
  34. 2 points
    We need a new set of acronyms; TFUD a claim made based on truth (facts verifiable) = True FUD still has the effect of fear, uncertainty and doubt FFUD a claim made based on falsehoods (no facts) = False FUD still has the effect of fear, uncertainty and doubt
  35. 2 points
    solid

    Final Price Of XRP $100

    If, when, should, could... I'm just using it as something understandable to compare against. I do hope that there's big things happening behind the curtains, but for all we know, it could take another 5+ years to "build the infrastructure" for XRP. A lot can happen in that time, like getting filthy rich holding any other top 10 coin. It's disheartening to see XRP stagnating while everything else is mooning. I won't sell, though. If I managed to pick the only failing shitcoin in the top 5, it probably wasn't meant to be, and I'll accept my wagecucking destiny.
  36. 2 points
    I feel pretty good, seeing that I got it in a little below 1/2 cent
  37. 2 points
    otstudio

    Estimation of crypto investors.

    Coinbase says they have more than 10 million user accounts. I tend to think your worldwide BTC user base is on the low side.
  38. 2 points
    Pointbreak

    Ripple defamation ?

    Some valid points, many have been raised here before and some will continue to be raised in the future. Bottom line is, Ripple is a for profit company that is focused on delivering profit to its stakeholders, they are not obligated or focused on delivering returns to XRP holders. However, with the quantity of XRP held by Ripple we have a shared goal in the overall increase in the number one asset they hold (outside of staff ). Diversify, do your own research, don't believe any for profit company has your best interest at heart and most importantly understand your tolerance to risk, build a risk management process that is consistent with your own profile and stick to it.
  39. 2 points
  40. 2 points
    Update (4PM GMT+1) With seven hours left, this can't go wrong.
  41. 2 points
  42. 2 points
  43. 2 points
  44. 2 points
    ss6

    Where does the lost Ripple go?

    Makes much more sense now. I wasn't able to understand this in transaction page - "Balance increased by 10 from 8,912,077.490422 to 8,912,087.490422 XRP". This huge number of XRPs belong to the exchange and my destination tag is the only way for them to identify me. I thought I would be given a unique Ripple address. But instead Koinex has a unique address and just issues destination tags to users for all transactions.
  45. 2 points
    Khaleesi

    Hey everyone!

    That’s great to hear....now can you help by putting a vote for xrp here please;
  46. 2 points
    Good sign? The departure from this building of your pointed brother (Vinnie) triggered a 5000% bull run ....
  47. 2 points
    Montoya

    Why XRP doesn’t increase in value

    Either purposefully or out of ignorance, OP is setting up a strawman of Ripple's actual business model. AUD/USD is not the market they are after with Xrapid, at least not initially. Nor is USD/EU, USD GBP, etc. They have clearly stated they are going after markets between exotic pairs in which standard bank remittances have exorbitant fees. As to why it is not acting as volatile as other crypto...one can speculate all day long. Is Ripple "manipulating" the price? They have made no secret that they sell a large amount monthly, so I guess if one considers selling a good to be manipulation, then anytime any of us sell it is technically manipulation as well. It never ceases to amaze me at how surprised people are to see how free markets work. You think Ripple should "burn" their XRP...umm okay. I think that everyone except for me should burn half of all their holdings. Just think of how much XRP will be worth then!! Actually you should all burn 99% of your holdings. Only then will I be rich, and as we all know, making me rich should be the goal of any business or individuals operating in this space.
  48. 2 points
    "Thanks for tuning in to this week's episode of XRP Hodor, kids. And now, all of you junior zerpers out there, grab your decoder ring to decipher Hodor's secret message. Remember....He's counting on you!"
  49. 2 points
    karlos

    Community Standards

    It should go without saying that we all want a forum that encourages free debate and healthy discussion. However there are lines that must be drawn. XRPchat will not accept: zero or low value, pointless or uninteresting posts or threads disrespect, flaming or insulting other members, Ripple employees or others in general excessive swearing doxxing of ANY kind (i.e posting personally identifiable information) attempting to get other users to reveal their secret key pasting entire articles into the forum. Post the link and your summary (or the talking point) instead. using vulgar or inappropriate usernames. pornographic, NSFW, violent or drug related threads/profiles inciting violence or attempting to attract 'mob mentality' against others referral/affiliate links (including in signatures) link shorteners. Use the full and transparent link needlessly bumping topics begging for XRP/cash/bitcoin/whatever deliberate trolling. Mods will determine what constitutes trolling on a per case basis sending unsolicited PMs, such as mass requests for help or advertising impersonating someone else or claiming false endorsements Lets keep things positive and on topic, even if its criticism.
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