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Showing content with the highest reputation on 01/17/2019 in all areas

  1. 36 points
    Hodor

    XRP: By the Numbers

    Blog URL: https://xrpcommunity.blog/xrp-by-the-numbers-2/ If you're a 'numbers person,' you are in luck: Today's blog is all about the key statistics of XRP! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  2. 23 points
    qsdqsd

    Mercury-fx using XRP

    https://twitter.com/mercury_fx_ltd/status/1085915009048145920 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. 1/2 UK-based Mustard Foods saved £79.17 and 31 hours on the transaction. 3/3 "As a food production company supplying 500+ restaurants in the UK & Europe, we pay suppliers around the world to get quality ingredients for our customers. Faster, cheaper payments allow us to fulfill orders quickly and grow our business." James Durrant, Commercial Director.
  3. 16 points
    This analysis examines four of the major criticisms of XRP: 1) US government regulatory threat 2) Lack of market adoption by financial institutions for cross-border remittance 3) Competition from Swift, the incumbent 4) Technological risk associated with the Ripple Protocol Consensus Algorithm (RPCA) Using an empirical approach based on observations of key stakeholders on each issue, this analysis attempts to to qualify the threat of these criticisms to XRP adoption using two matrices. The first will contrast Current Unknowns – how much about this risk is unknown, vs. Threat Development Time – how long market participants will have time to make decisions based on new information. The second matrix explores the Probability that the threat will occur versus the Impact on XRP in terms of the severity if the threat materializes. https://coinsavage.com/content/2019/01/risk-analysis-of-xrp-the-four-horsemen/
  4. 8 points
    Looks Like we have more Progress... Not a bad Place to live too IMO. https://news.livecoinwatch.com/wyoming-crypto-envelope-blockchain-bills/
  5. 8 points
    Perhaps you can re-post the question in a few years when it reaches $1.
  6. 8 points
    hallwaymonitor

    Mercury FX Announcement Page

    BOOM! - Mercury-fx is a confirmed xRapid customer of Ripple. - They managed to move value worth about 4550 USD (3521 GBP or 86633 MXN) from UK to Mexico by using XRP. - "UK-based Mustard Foods saved £79.17 and 31 hours on the transaction." - James Durrant, Commercial Director from the Mustard Foods basically confirmed that xRapid is giving them competitive edge due to faster and cheaper settlements!
  7. 8 points
    Thanks @hallwaymonitor and Galgitron This is both fascinating and horrifying at the same time... "Some would say it would take billions of dollars to purchase all the equipment necessary to successfully out-arrow the good guys, but it is possible to now 'rent' arrow-cannons (hashing power) by the hour, and as Bitcoin's good hashing rate drops because the payouts are so low, eventually it will be reasonable to expect someone will rent enough hashpower to be the majority hashing power on Bitcoin, and then they can pull the Satoshi shadow chain trick, spending all kinds of Bitcoins, then taking them all back by rolling the shadow chain over the main chain, and then quickly converting those returned Bitcoins into cash before the world figures out what happened." "Considering the millions of dollars one could easily steal, the minimal cost of renting this amount of hashpower seems a pittance, nay, an investment. It will happen. It may already be happening. The fact that so much more hashing hardware has been produced lately that ISN'T showing up in Bitcoin or largely anywhere else, might make you realize that a lot of hashpower has gone dark, and that should worry anyone that is invested in PoW tech." ..."It's not theoretical, it's reality, and today, right this minute, we're entirely trusting 3 profit-motivated Chinese CEOs to not f**k with our money. Put another way, would you fly to China and give all your money to 3 Chinese pool operators for safe-keeping? If you're in Bitcoin, that's what you're doing." ...And I like your answer! - "The best thing to do is to accept that these crushing waves of 51% attacks will continue to come and hit bigger coins, so get OUT of PoW coins, and get into the serene safety of XRP." Does this double-spend problem affect XRP as well? "No, XRP does not suffer from ANY of the PoW or PoS vulnerabilities because there's simply no mining involved. The strategy for securing the blockchain data and account balances is radically different, provably much more secure, PROFOUNDLY more decentralized..." "What XRP does differently is it relies upon a consortium of validators to come to at least 80% consensus on what the current state of the accounts and transactions are, every 3-4 seconds. Once they agree, balances are updated, the block is sealed, signed, connected to the prior block ,and forever locked in history. There is NO ATTACK that can change the past in XRP, no shadow chains, no 51% attacks, no amount of hardware you can rent to attack it; you can't even spam it without costing yourself a fortune. XRP is a ******* digital fortress; your balances and transactions are permanent. Sleep well." (Bold emphasis is mine)
  8. 7 points
    This is a talk from November's IMF event. Ryan Zagone is the Director of Regulatory Relations in Ripple and he literary NAILED it!
  9. 7 points
    RikkiTikki

    Mercury-fx using XRP

    This is awesome news!!!! An actual production use case!!! It shows that XRP can be used to help companies outside of the FI realm run much leaner fits well into the (JIT) model 3/3 "As a food production company supplying 500+ restaurants in the UK & Europe, we pay suppliers around the world to get quality ingredients for our customers. Faster, cheaper payments allow us to fulfill orders quickly and grow our business." James Durrant, Commercial Director.
  10. 7 points
    Ripple holding the majority of XRP in escrow is smart business for the use case they are trying to achieve. If you are trying to build currency exchange software you need to make sure that the lion share of use is by large banks. I don't give a rip what any Bitcoin or Ethereum maximalist says or believes. The writing is already on the wall that XRP is the preferred DA of choice because they actually have a focused use case. If the ecosystem around XRP creates new use cases through Xpring or other ventures; GREAT!! If not, Ripple has still achieved far more than any other DA on arriving at the doorstep of widespread adoption.
  11. 7 points
    Over the years I've been really impressed that Proof of Work actually worked and continued working. I mean, I hate how incredibly wasteful it is, but I had to respect the fact that it was a real thing. But 2018 was a real wake-up call to the fact that 51% attacks were not just for obscure joke coins. Galgitron makes a convincing case that proof of work as a whole is doomed. That's both interesting and scary.
  12. 6 points
    First of all a good idea to leave the majority of your stash alone for a few years. Whether trading the remaining 10k of XRP's is a good idea depends on how you manage to 'time the market' and increase your stash. One wrong bet and you could lose a lot of those 10k xrp. The theory is simple ofcourse, sell high, buy when lower. The fact is that there are not many succesful traders around. In the end it's all a bet. I read about a research done to see what sorts of people made the most profits when being in stocks. Number one were those that forgot about their investment for years. The second best were the ones that died during the investment. Third in came traders. Ofcourse in traders there are plenty of stories about succesful ones, and there simply are good ones, but most were the ones that got in early (like in btc) and were patient. The stories about the majority that lost, you don't hear those very often.
  13. 5 points
    So there was a video on twitter with a high level person at HSBC a few months ago: Now, I'm wondering if what he's mentioning involves Corda Settler and XRP. I think it is one of the three options if you look at the news in the last few months as HSBC has been testing with Corda Settler(although no mention of XRP during tests) However, there are two other options as there is also news of HSBC testing with IBM Blockchain(pretty exntensively): https://thenextweb.com/hardfork/2018/07/03/blockchain-bank-ibm/ They could end up using Worldwire as well Or I think perhaps the most likely, with USC(utility settlement currency). I think this option is likely because HSBC is on he 17 bank consortium that developed this system and R3 tried to bid on them in June but was rejected. https://www.coindesk.com/r3-rejected-utility-settlement-coin-blockchain I made a video about this, which one do you guys think is most likely?
  14. 4 points
    Deutsche Bank Confirms HSBC and Xoom As Ripple Clients https://thexrpdaily.com/index.php/2019/01/16/deutsche-bank-confirms-hsbc-and-xoom-as-ripple-clients/
  15. 4 points
    You're calling the regulatory cops on them. Who needs enemies if these are your friends?
  16. 4 points
    WhentheBoat_ComesIn

    XRP: By the Numbers

    Another informative piece @Hodor, thanks. Thus, regulatory uncertainty continues to be the major weakness for XRP, since its largest use case, while slowly gaining traction, seems to be encountering resistance by the original target customer group: banks. As I live outside of the U.S. I am not up to speed on how the Political process works there. Can you give a "best shot" guesstimate on the timeframe for the new legislation (put forward by those members of Congress you refer to) will take to pass into Law? As regulatory uncertainty also seems to be the main issue holding back SBI VC Trade and the SBI Banking consortium, I was wondering you had any information/numbers/timeframes with regard to them specifically. (I'm not certain if they only need the clarity for their part of the world). Would be nice to have a blog update on SBI soon!
  17. 4 points
    HSBC's "FX Everywhere" project is being used to coordinate payments across HSBC's internal balance sheets using a shared ledger.
  18. 4 points
    I personally don't think their XRP holding is a hindrance for xRapid adoption amongst their clientele. Ripple's distribution of XRP is not following lock-step in the likes of other platforms where most are randomly giving their respective digital assets away via airdrops unless it is strategic to the interest of building Ripple's and the XRP-Ledger's ecosystems (i.e. xPring, UBRI, and RippleWorks). Selling all of their XRP holding to the IMF or the US Fed doesn't make much sense either, because they're a global technology firm where most of their partnerships are outside of the US. The goal for Ripple is to distribute XRP amongst their partner exchanges initially and then ultimately to banks, central banks, corporates, and FIs to hold on their balance sheets once we have consistent and coherent regulations in place. As xRapid expands the distribution of XRP will increase. As far as we know, banks and central banks are already holding digital assets. Just dumping/selling-off XRP is not a strategic distribution/utilization of the digital asset in my opinion. This fear of Ripple dumping XRP on the open market has already been acknowledged and rectified via the Escrow of XRP. I think Ripple's distribution process for XRP is spot-on.
  19. 3 points
    http://www.atimes.com/article/alibaba-launching-pakistan-blockchain-remittance-program/
  20. 3 points
    This time PoW is going the beating. http://galgitron.net/Post/Proof-of-Not-Working
  21. 3 points
    I'm very very interested to see what happens with Euro Exim Bank... I love a good underdog story, so a small bank that grabs the world by the payments and makes their play would be extremely satisfying to me. We should keep a watch on their hiring and financials to see what they do with this immense first-mover opportunity.
  22. 3 points
    Only a very few of the new "experts" that bought their coins, will still hold in three years. That's called "distribution". As time passes by, new stakeholders enter the project. It surprises me how frequent contributors to this forum still don't see the fundamental innovation that decentralized digital assets are bringing to our world, and how they will help us to shape a better future.
  23. 3 points
    Julian_Williams

    Mercury FX Announcement Page

    Really good news - not a large sum and this is perhaps because XRP value really needs to grow to avoid slippage.
  24. 3 points
    automatic

    The Real Price of XRP

    ^^ This. Even the contractors working on my house started getting into crypto that December. Wish I would have listened to my gut then; when masses arrive, it is time to head for the door. Well... that was an expensive mistake. EDIT: On a positive note - crypto is a ghost town at the moment, so it must be a decent time to get back in.
  25. 3 points
    hallwaymonitor

    SendFriend use Xrapid

    I hope I would be correct assuming that SendFriend started with Stellar protocol and after that Ripple came in and took over the business with xRapid.
  26. 3 points
    The fact that other players are moving into the remittance market shows it is probably the most imminent , prescient use case for blockchain tech. Ripple has first mover advantage.
  27. 3 points
    Eventually XRP has to get to a point where there is high liquidity, high volume and yes a high but not outrageous price but high enough where every day people like myself will no longer be able to buy it in bulk. Just take this into account say Ripple released all their XRP on the Market You would see prices tank, whales buy in heavy bulk and hold There would essentially be no accountable party then holding the bulk FI's wouldn't touch it with a 10 foot pole in those circumstances especially to move fiat are you serious? Ripple is looking at the accountability factor that regulation and business require when it comes to handling money because at the root of it all XRP and the tools that utilize it handle money so we need it to be governed in such a way that it adhere' to all the laws that govern money in various lands. I do think when XRP rises to it's potential the price will go up fast and in doing so it will only be made available on institutional exchanges because there will be no value for Ripple, FI's and other entities in individuals holding the token so for those of us who have got in before the real use case kicks in enjoy and get more while you can!!
  28. 3 points
    All joke aside, I'm happy to be married, for 37years now, with a very very nice, lovely and sweet women who even likes and laughs with my awful jokes and humor.... What more can a man want?
  29. 3 points
    well then, i dont think its accurate to call developers "the market". right? lets assume this is true (im no developer btw) - i dont think xrp's success is depending on more developers in the first place - it's usecase is clear and besides ripple, r3, sbi etc pushing it's main usecase, coil is a great and powerful addition to the xrp ecosystem overall. what developements on ethereum are really groundbreaking in your opinion (besides the ico-boom from 2017)? i'd like them more to be laserfocussed on the main usecase(s) than spreading the peanut butter too thin Biggest Ethereum Development Firm, ConsenSys, May Lay Off 50~60% of Firm’s Workforce https://www.newsbtc.com/2018/12/20/ethereum-consensys-lay-offs/ they do not like ripple the company? or XRP? or both? and what are they saying why they dont like it? is it the source code of xrpl or is it that they just hate (like most eth and btc maxis) what ripple is doing in the space? what an answer no because the question still stands - are you invested in xrp? if yes, why? if not, why are you here? and i still would love to hear valhalla's intentions and opinions btw
  30. 3 points
    sounds promising but I sure aint getting as excited as many of the youtubers about this as some small branch/departments who does gawd knows what having a play with ripple doesn't mean a new world order, plus the evidence itself wasn't overly set in stone let alone recent. For all we know they are just some techies trying out the tech. Not that that can't lead somewhere & we know lots of good noises coming from the UN & XRP folks have ties in with them BUT it's not a confirmed use case or even a trial really.
  31. 2 points
    Hola chicos y chicas! I have been training trading forex for the last three years and i was waiting since the last crypto bubble explode to get into it after a huge discount and invest some xrp. I'm certainly sure that after the positive regulation XRP will start moving up. So looking in a long term I expect XRP to reach three digits within 2 and 5 years. Having said that I just bought 25k xrp without any SL. 15k xrp will be untouchable for my three digits speculation and the remain 10k xrp will be for trading and get the opportunity of buying more XRP. The point is when XRP reaches 100$ with just 15k xrp will be 1.5M but if with the other 10k xrp I can trade every pullback and I am able to sell and buy correctly that means I could get extra money to buy more xrp. I have never been a long term investor so for tat reason I'm asking you guys for advice because I just know very well about price action and make my forex profits on daily candle Gracias in advance!
  32. 2 points
    Yes, of course no one knows what the price will be in the future. But I like your point about mind if it’s own - the utilization of XRP will on its own set a market average price. By the time XRP ever hits 3 digits I think the ecosystem will be so large and so many people or institutions will be holding XRP for various reasons. The type of returns seen on trading XRP are likely to significantly differ than where we are today...as we see less volatility -a transition from alpha to beta returns. At that point trades will be less risky in this sense and also provide significantly less ROI. Should be an interesting ride no doubt.
  33. 2 points
    tulo

    Mercury-fx using XRP

    They saved £79.17 w.r.t. what? I'd like a compare with transferwise. Also I'd like to see how did they perform in seconds. MXN payment locally can take seconds, but what about GBP. And which exchange was used in UK?
  34. 2 points
    I want the drugs you’re on.
  35. 2 points
    ripplewaytogo

    How low are we going here?

    Cruel mistress? Excuse me I didn’t spent bucketloads of my husband’s money so we can both have some mistresses........lol
  36. 2 points
    Chris_Reeves

    Mercury FX Announcement Page

    Can we get someone on finding this transaction? @Tehol_Beddict?
  37. 2 points
    You certainly covered some different aspects and perspectives, making me pause for thought, so thank you for a great report. Some points that I would comment on: Technical flaws - I'm not sure if Ripple has ever responded to the issues highlighted, but perhaps the more technically proficient people on the forum can comment on this. Regulation - it may well be that the SEC will never rule on whether or not XRP is a security. One could take it, over time, that no action would mean that it is safe to use XRP, but what time would be safe and the FI's won't take risks with this lack of clarity. It may even be that the US government sees the ability to control SWIFT as more important than allowing the SEC to rule on Ripple and thus realise it's potential, or otherwise. Waiting for clarity from the court cases could also take an inordinate amount of time. All of this works against the adoption of XRP in the US, hence the focus on the Middle East and Far East where the friction in the remittance corridors also continues to be high. This is recognised by Ripple management who are looking to cover all angles.
  38. 2 points
    New video from Catalyst Corporate. Looks like they are going to use payment app called Currenz and it is powered by Catalyst Corporate. However, we do know who has built the payment plumbing, don't we?
  39. 2 points
    https://hackerpost.co/ripplexrp-expected-to-run-bullish-again-ripple-ceo-optimistic/
  40. 2 points
    Shuz

    XRP: By the Numbers

    @Hodor all that is missing is yourprice predictions 😁
  41. 2 points
    Raiden

    The Real Price of XRP

    Lol it reached 3 because my neighbour and his mother were buying into crypto in that period. It took months to even get verified because of the craze.
  42. 2 points
    Hodor

    XRP: By the Numbers

    I would definitely take a survey if involved earning a half-zerp or so!
  43. 2 points
    We have to take the Triffin dilemma into consideration. We know the Federal reserve and central banks around the world have been thinking about this conundrum since the 60s. In reality it has been sort of commented on for milllenias by people like Machiavelli and Roman historians and emperors. https://en.wikipedia.org/wiki/Triffin_dilemma Some sort of liquid digital asset could possibly solve this if the cards are played right. It will have to start as a small thing that gains trust over time in many markets and usecases. Projects like USC (started by UBS and Clearmatics in 2015) are doing something very different from this. The XRP-ledger can be developed on by anyone for anything they want.
  44. 2 points
    PG1

    The Real Price of XRP

    IMO there was a manipulation pump around the time of the futures launch. FOMO kicked in and it was then a retail-fuelled bull run. The manipulators (which to me are in large part shady exchanges) are then among those selling into the retail FOMO. Manipulation and retail FOMO both play a part. Obviously, we're always searching for significant price levels using a slew of indicators and otherwise. I think the OP has an interesting take. All crypto became over-hyped & overpriced during that run. And now XRP seems very undervalued with all that has happened since the .7 pre-run water mark. I don't know that I would use the term 'real price' but .70 has significance. If we can push past that water mark again it may be game on.
  45. 2 points
    Million dollar question that one, maybe that old foe "greed", waiting for one more large pump, when you have a lot of companies, bakt, fidelity and some others expressing their interest in pow , the only two the sec has publicly stated that are not a security, they can smell the money that's coming, then they would dump , thats mý uneducated guess, that's the USA side of things as I see it imho , the rest of the world is not waiting, @GiddyUp said on the forum today "it's like a pot boiling with the lid on " that's how I summarize the feeling out there.
  46. 2 points
    Wonderful visualisation of how PoW is set up and how vulnerable it is to attack. I hope a whale or two read this and start converting their Bitcoin stealable gold into XRP secure gold (why has it not already happened?). XRP would zoom into number one spot and after that there would be no looking back.
  47. 2 points
  48. 2 points
    Helmsdeep

    How low are we going here?

    By 30th may 2019 I can see bitcoin sitting on around 1900 USD and xrp at its corresponding value of around .16-.19
  49. 2 points
    RFC6979 wasn't even published until Aug 2013, which is after the XRP Ledger was created. It's certainly likely that some software that's been around since the beginning uses random nonces instead of deterministic nonces, which is still secure as long as they're truly random. If they're less random, that's a problem. It is my understanding that prior to around August/July 2015, the rippled server used OpenSSL instead of libsecp256k1 for signatures. The OpenSSL implementation does not (did not at the time?) use deterministic nonces, but rather uses random nonces. As long as the source of randomness was strong enough (depends on your system, but probably yes) then you're probably OK. I dug into the history of ripple-lib and couldn't find anything one way or the other on the signing implementation prior to around July/August 2015. It's hard to say whether someone is actually affected, though, even knowing what code they used to generate their signatures. Most people won't be affected unless they made a lot of signatures with questionable software... but it's a sliding scale—the less random your nonces, the fewer signatures it takes to figure out your private key. The extreme case is if you reuse the exact same nonce it only takes just two signatures. Incidentally, this is the exact mistake Sony made with the PS3 back in like 2011. They used the exact same nonce on every signature... oops. Long story short, it's not a bad precaution to rotate your keys anyway. BTW, credit for actually writing the article goes mostly to @nikb. I just proofread and posted it.
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