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  1. 53 points
    not a 100% word by word - i wrote it down by listening, but i like that dialogue between Brad and Joseph Lubin (Ethereum ConsenSys) @ about 24 min mark Brad: "the XRP Ledger is more decentralized than mining-based solutions (because of the nature of PoW)..." Joseph Lubin (Ethereum): "... talking about decentralized... but you do sell XRP regulary right...?" Brad: "... we're transparent about it... how much do you sell?" Joseph Lubin: "Ehm..." Brad: "...transparency and maturity in this market are critical...” Joseph: "sure" Brad: "there are many other ecosystems not being transparent...no one knows what happens in those ecosystems..." Joseph: "...but they are decentralized about the ownership of the token..." Brad: " ...if its a mining-based protocol, then centralization is based upon mining control, not ownership..." Joseph: ehm one small aspect of the governance of the ecosystem could be considered centralized if you talk about the mining aspect... sure" silence Moderator to Joseph: "Joe it's been said that you are one of the biggest ethereum holders... how do you manage treasury in consensys..." Joseph: "(laughs) ehm... i guess no comment..." ..."we manage our treasury like a company would manage it`s treasury..." Brad (jumps in): "...i find it interesting that ripple gets attacked for being transparent... actually the next xrp market report will come out sometime later in this week... but, because we share that information we get attacked for it while other platforms don't share that information and so they are insulated from the same critiques... i think in the dictionary it's called hypocrisy... i'm not 100% sure, but it's close" Joseph: "...ehm we are a private company..." Brad (jumps in again): "Ripple is a private company too"
  2. 44 points

    Q4 analysis/prediction

    Dear XRPChat, As the Ripple Q4Markets Report is imminent, I'd like to present an update to my previous analysis of ripple sales (in thread linked here) With a focus this time, on Q4 sales from 2018-10-01 to 2018-12-31. Part I The previous findings were that Ripple has been selling approximately 3% of daily volume and this trend appears to have continued without any significant change. I shall confine my plots to the period 2018-04-01 (2018-Q2) onwards, as this appears to be a time when a strategy shift occurred in the xrp sales and data appears consistent after this time. The up-to-date plot of daily sales (from the account previously referred to as RP2) to tagged (presumed to be exchange) accounts is and the correlation to daily volume is Which maintains the finding that around 1/35 = ~3% of daily volume is being sold off with the previous days volume (shift =1day) used as the reference. NB. Using the time period 2018-04-01 from cryptocompare.com to today as reference. I had previously hypothesized that ripple are selling xrp not only from their warchest of escrowed tokens, but also from founders/staff accounts since the declared sales of xrp in the Q2/Q3 reports do not tally with the summed totals I found in sales from RP2. This seems entirely reasonable and I decided to investigate this further. Two further pieces of information are useful. The first is that as pointed out in a recent comment by hodor - in the Q3 report, ripple state that their programmatic sales are 0.17% of market total (and total sales 0.43%). This is quite a significant difference from the 3% sales I have calculated. Either Ripple are using a different source of volume figures for their data, or I am not looking at the right numbers/wallets. Perhaps if I take only a subset of the 3% sales, they will match the numbers reported by ripple. In the previous analysis thread, I did not manage to find a good match between ripple's declared figures and the ones I presented - to try to improve this, I looked at the wallets that supply RP2 with the xrp that is sold daily. There are 9 of them, and I have labelled them as RD1, RD2, ... RD9 (for Ripple Daily 1-9). The payments from April until now are It's clear that they follow a similar pattern to the overall sales in the earlier plot since these are just the payments into the RP2 account that are then distributed to exchanges. Perhaps the 9 accounts represent different sources of xrp that correspond to warchest/founders/charity/other wallets that contribute to daily sales. This is a breakdown of the payments from the 9 into RP2 for recent quarters And let us remind ourselves of the ripple sales as published in the quarterly reports We are interested in 2018 Q2/Q3 programmatic sales and if any of the accounts RD1-9 match the figures quoted. The answer is "no", but perhaps several of the accounts together combined match the figures we are looking for. Summing RD1 RD2 RD3 RD9 gives a quite close result for Q2/Q3, here are the numbers The totals are 57.56 and 66.71 compared to 56.55 and 65.27. Those numbers are just 1.7% and 2.2% out for Q2 and Q3 respectively. Perhaps those are the accounts that are feeding the programmatic sales. If that is a correct assumption, then 2018-Q4 programmatic sales should be $83.47m. Allowing for +/-2.5% we would have a range of $81.4m to $85.6m. Actually, I suspect the number will be a little less because RD1,RD2,R3 look like good candidates, but why add RD9 in Q3 which had zero sales prior to then. Removing RD9 from the sum increases the error and reduces the total so I would not be surprised if the figure was a little lower. But I'll stick to $83.5m as a prediction for Q4 sales. One thing that troubles me is that the figures I get for programmatic sales using RD1,2,3,9 amounts to 1/57.33 = 0.1744 or 1.7% of the volume (which is about right, since we are only including half the accounts in our programmatic sales estimate that was ~3%). But in the Ripple Q3 report, they state that they sold only 0.17% of volume programmatically. And based on the figures presented in the report, it looks as though the volume data they are using is much higher than that sourced by myself, so I shall revisit these figures with better volume data. The average daily volume from their data is >$400M daily, which seems about right. It may be that the /v2/network/external_markets API can provide figures that improve the correlations with sales and give a better match to the %volume figures. Part II I said earlier that two further pieces of information were useful. One was the sales % numbers in the markets report, the second is that we do have extra data that might help us identify direct sales as well as programmatic ones. The extra data is the xrp distribution figures. Ripple provide data on how much xrp is in existence, how much is distributed/undistributed and escrowed. If we know how much xrp there is in April 2018 and we know how much is sold, escrowed and destroyed etc, then whatever remains in the difference between distributed and undistributed must be xrp that ripple has either loaned out or sold OTC. If it is undistributed, then it is part of the monthly escrow release but still sitting in a ripple wallet - if it is distributed, then it has been 'used' in some capacity. Lets have a look at the raw distribution data, here I've added 3 columns, 'remains' is just a sanity check to make sure that the totals are consistent (total-(escrowed+dist+undist)) and is zero or occasionally 1 due to roundoff errors. burned is the change in total each month and diff is the change in distributed. The other columns are as read from https://data.ripple.com/v2/network/xrp_distribution date distributed escrowed total undistributed remains burned diff 2018-01-07 39029058672 54000000024 99992855589 6963796893 0 NaN NaN 2018-01-14 39029001738 54000000024 99992777885 6963776123 0 77704.0 -56934.0 2018-01-21 39029011222 54000000024 99992725510 6963714263 1 52375.0 9484.0 2018-01-28 39032356092 54000000024 99992664799 6960308683 0 60711.0 3344870.0 2018-02-04 39094802192 53900000024 99992622540 6997820324 0 42259.0 62446100.0 etc etc ... when plotted the data for 2018 looks like the following graph. Note that we see drops in distributed XRP when it is placed in escrow (or potentially when large amounts are burned, but this is very small since the cap on transaction fees was introduced after a user lost 100k+ xrp in accidental fees). If we resample the distribution data to end of month totals, subtract the total distributed at the start of the period (giving zero initial distribution at the start of April 1st 2018, = start of Q2), then subtracting what we believe has been sold (using the figures we know from part I above) for each month, then the left over should be the amount that has been distributed by ripple, but not declared as part of programmatic sales. It should be 'direct sales' + xrp distribution from 'any other business' (sch as incentivisation of market makers and loans of xrp etc). The next graph shows the distributed xrp starting at zero on 1st April, with monthly and quarterly final amounts alongside. Note that as the distribution data is only published weekly, there can be big differences between the month end resampled and original data. For example, the data for the first week of Dec 2018 is 500m higher than the previous entry during the last week of Nov, and so the monthly Nov fig is much lower than the true data. Fortunately no big differences exist at quarterly boundaries so we don't need to make any adjustments to the data or our sampling. Previously we showed the quarterly sales from RD1,2,3,9 in $$$, the sales in terms of xrp tokens are so we should subtract those from the quarterly distribution numbers which are -------------------- Quarterly distribution -------------------- date distributed(since start Q2) 2018-06-30 146046852 2018-09-30 881583920 2018-12-31 1924354618 which gives Q2 65m, Q3 583.7m, Q4 1042.7m as the unaccounted for XRP for the 3 quarters we are interested in. Ripple have told us that in Q2 their direct sales were $16.87m - but we do not know what price they were sold at. The best we can do is use a flat rate based on the sales we do know about. In Q2 we found 81m xrp sold for $57.56m so we estimate that 23.7m xrp would have sold for $16.87m. This gives us (if we repeat the process for Q3) Q2 programmatic = 81m, direct = 23.7m, mystery remainder = 41.3m xrp Q3 programmatic = 151.8m, direct = 221.1m, mystery remainder = 583.7-221.1 = 362m xrp for Q4 we have Q4 programmatic = 196.3m, unaccounted for 866.5m of which some is going to be direct sales and some is unaccounted for. I had hoped that by conducting this little experiment, I would be able to recover the direct sales numbers from ripple, but unfortunately the numbers don't add up. There is still xrp being released that is unaccounted for. In Q2, it's 41m xrp, in Q3 it jumps to 362m and in Q4 we do not know the direct sales figures yet, but it could be anywhere from 0-866m xrp which would translate into a very large figure in $$$. Probably some of the xrp bound to the R3 settlement is included in this number, and probably the direct sales for Q4 will be very high (I'd guess over $100m). We will know soon and I will update my calculations when the Q4 report is released. Conclusion. TL;DR : My best guess for Q4 figures is between $81m and $86m for programmatic sales, over $100m for direct sales and a ton of xrp being loaned out, or distributed as part of other agreements. As usual, all my numbers are guesswork and as soon as I click send, I'll find loads of mistakes, please consider this analysis as a simple diversion from other mundane aspects of life. edit : deleted an image pasted by accident and fixed some typos
  3. 40 points
    Blog URL: https://xrpcommunity.blog/the-rise-of-digital-assets-in-2019/ Digital assets will rise this year. In today's blog I talk about market cycles and highlight the major XRP news stories in the cryptosphere! 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Euro Exim Bank releases a commercial; Mercury FX and Catalyst clarify their xRapid implementation; Coins.ph is acquired by a Go-Jek, a massive technology start-up; UST Global claims they can implement an end-to-end Ripple payment solution; and Ryan Zagone communicates what's needed from US regulation at Fintech Week in Washington DC. 𝐂𝐨𝐒π₯ 𝐍𝐞𝐰𝐬: Coil has now issued invitations for everybody on their waitlist; and Ben Sharafian publishes a blog that details a change in technological direction for Coil. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Thomas SilkjΓ¦r targets crypto criminals preying on XRP fans; Verso Exchange may use Ripple tech to integrate with banks; Bitrue expands its XRP base pairings; BitPoint opens shop in Panama, listing XRP; Coinfield's CEO likes using XRP as a base currency; @LeoHadjiloizou (Twitter avatar) publishes Ripple's escrow details on his website, along with all 864 XRP markets worldwide; and Denario Research publishes his final installment in the 'XRP Telegram Bot' series of videos. 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
  4. 37 points

    One Person Can Make A Difference

    Blog URL: https://xrpcommunity.blog/one-person-can-make-a-difference/ One person can make a difference in the cryptomarket & that person could be you! Find out more in today's blog. 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
  5. 32 points
    Blog URL: https://xrpcommunity.blog/we-must-lead-crypto-out-of-the-dark-ages/ The cryptomarket must leave environmentally-destructive tech behind to grasp its future; this and all the latest market news about XRP in today's blog! π†πžπ§πžπ«πšπ₯ 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: Will the government shutdown delay the introduction of the Token Taxonomy Act in the U.S.? One source says Valentines Day might hold the answer. 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: Brad Garlinghouse participates in a memorable panel discussion at the Davos World Economic Forum; Tsinghua University Institute for Fintech Research is added to the list of UBRI participants; and Ripple publishes the 2018 Quarter 4 XRP Markets Report; 𝐂𝐨𝐒π₯ 𝐍𝐞𝐰𝐬: Sabine Bertram from Coil creates an application that rewards survey participants with XRP. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: R3 establishes the Corda Network for governance functions, and lands a major win with ING; BTCExa announces a new pairing for XRP; and Freewallet indicates its plans to offer XRP support. 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
  6. 32 points

    rippled 1.2.0 is coming...

    ... and that means the Known Amendments page has been updated. rippled 1.2.0 will introduce (at least) 3 new amendments, which (if enabled following 2 weeks of support from 80+% of validators) introduce transaction processing changes. In this case, the changes are pretty small: fixTakerDryOfferRemoval fixes a bug where dry offers sometimes weren't properly removed when autobridging. Thanks to GitHub user demonstefan for contributing the code that eventually became this amendment! fix1578 makes fill-or-kill offers return a new tecKILLED code (as requested on this very forum) when they're killed. It also makes TrustSet transactions fail when they can't set the NoRipple flag, instead of "succeeding" without changing the flag. Both of these changes are meant to make the transaction engine just a little less tricksy. MultiSignReserve reduces the reserve requirement for signer lists so they occupy less XRP for just sitting there. Stay tuned for more information about the upcoming release and the features in it!
  7. 32 points
    https://www.globalcryptopress.com/2019/01/exclusive-members-of-us-congress-from.html For some perspective, just in the first half of this month (Jan 1st-Jan 15th 2019) cryptocurrency startups raised $160 million. Look at where those funds went - Canadian based companies brought in a hefty $80 million, the Netherlands $10 million, the UK around $5 million... but the USA? Bottom of the list with an embarrassing $100k. Remember, that's just half of 1 month - imagine a full year. That's not the only downside for the United States and it's citizens. Even if a startup in the cryptocurrency space isn't located in US, doing business with someone in the US means they must follow US regulations as well. Not wanting to deal with it, they've ignored the country entirely. Once the birthplace of countless breakthrough technologies, the United States now finds itself being abandoned, and ignored. But there's light at the end of the tunnel. I have now confirmed that the Token Taxonomy Act is on the verge of being introduced in the House, where it will soon begin the process of becoming law. The bill's original authors, Congressmen Warren Davidson (Republican, Ohio) along with Darren Soto (Democrat, Florida) are working together to give it a bipartisan introduction. Speaking directly with Michael Hiles, Congressman Davidson's adviser on the issue and CEO of blockchain solutions company 10XTS, I was able to confirm a target date of February 14th (Valentines day) for the bill to be officially introduced.
  8. 31 points

    Brad @ wef Davos panel discussion

    Starts @ 2:12:09 https://www.youtube.com/watch?v=7-ktBd9H9mo
  9. 30 points
    TLDR? There are lots of announcements about banking/FI partnerships but very few about channel partners for Ripple. Is that where they head next? Having read through the Jed/IBM thread started me thinking about where Ripple goes next in its business cycle. Ok, blame the quiet market action for me getting a bit distracted. The comment that triggered these thoughts is the following from @King34Maine: Having competed with IBM over the last 20 years (reasonably successfully I should add!), I don't recall them making too many bad calls when it comes to strategy so the Stellar colaby seems initially strange. IBM are a solid brand, hugely competitive and have a stronghold on the banking sector that goes back to mainframe and tape days and never really let up. They have serious political and lobbying muscle as well. My point is not to suggest a pairing with IBM but what channel partners Ripple will need to be a successful software and DLT vendor. Channels is where it's at. Back to IBM: IBM's big money is in areas that don't get much attention - it sure as hell isn't PCs or FMCG. They'll be there once DLT solutions become mainstream and they'll be making serious bucks along the way with zero press. They'll be re-packaging or reselling third party solutions as will the other systems integrators, outsourcers and the like that I've worked with over the years. Unlike most of the lightweights in the cryptomarket, companies like IBM back their solutions with contractual guarantees, SLAs and indemnities and don't have any knotty problems with regulators. If you're a large bank, that risk allocation on tech solutions is essential and something that crypto and DLT companies can't offer. Just to give one example of how critical this issue is, the question of risk allocation for tech solutions can take anything from 6-18 months to negotiate and resolve (depending on the size of the deal) and requires massive amounts of pre-sales effort. Banks invest a LOT of time and money to get this right and this is the case even for banking systems that aren't system critical (c.f. trading desk, retail banking systems, online banking that come with much more exposure for the bank and even fiercer debates about risk allocation). For those systems transferring billions of dollars such as Ripple's DLT, I'd expect the bank would expect the supplier to put even more skin in the game. The thing that struck me today is that Ripple does direct sales which restricts how much risk they can absorb. And the direct sale model spreads the sales effort very thin. Dilip Rao and Brad are amazing, flying here, there and everywhere but we need 1000 of them. Channel partners give you access to that sales juggernaut. Which brings me to the key point. Part of me wonders about whether the strategic next steps for Ripple will be to focus less on actual banking clients and more on identifying IT channel partners who have scale and assets (to provide the type of "got you by the balls" assurance ol' school bankies love), engineering muscle and political clout in the banking space. So not R3 or Temenos but perhaps an organisation such as NTT? Not Amazon or Tencent or Alibaba but perhaps a HP, CSC or Accenture? There aren't many announcements about this type of thing (i.e. channel partners) so I'm curious if anyone has seen anything in that space that I've missed? Anyone think channel partners aren't critical at this point, or at all?
  10. 30 points

    I’m out!!

    When I see comments like this I tend to think we're near the bottom.
  11. 29 points
    Blog URL: https://xrpcommunity.blog/crypto-superbowl-consensus-versus-proof-of-work/ It's a Superbowl-themed blog! Read about the match-up between Bitcoin and XRP, along with all the news impacting XRP. π†πžπ§πžπ«πšπ₯ 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The unexpected death of QuadrigaCX's founder results in exchange liquidity problems; The UK's FCA issues enforcement guidelines; and the Bank for International Settlements issues a paper detailing profound security risks with proof-of-work networks, specifically analyzing Bitcoin. 𝐑𝐒𝐩𝐩π₯𝐞 𝐍𝐞𝐰𝐬: The CEO of SWIFT and Ripple debate onstage at the Paris Fintech Forum; SWIFT announces a new proof-of-concept allowing R3 to initiate SWIFT GPI transactions; Ripple hires a new General Counsel; Saudi British Bank (SABB) is discovered to be a RippleNet member; a new Ripple Drop episode is released by Ripple; and the Xpring Initiative publicizes a new development position for Interledger 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: New XRP code amendments are announced; Three exchanges add XRP trading; Coingate, a crypto payment processor, adds XRP as a checkout option; CredEarn indicates that their largest asset class for deposits is XRP; A new swag shop offers a new physical XRP coin for collectors; and a new video game plans to use the XRP Ledger for their online economy. 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
  12. 27 points
    Hey all - I wanted to follow up to report that we've just released our new Terms of Service and Privacy Policy. We've incorporated quite a few changes, many of which were specifically intended to address issues raised in this thread and I'd be interested to hear your feedback. We've gone through the entire set of policies and clarified sections that were confusing before. We didn't intend to collect any data that isn't directly necessary for providing the service and neither did our external legal counsel who drafted the original policy. But due to a combination of legal jargon and poor wording, it sounded like we wanted to collect and even share information that in reality we have no interest in whatsoever. Keep in mind that to us, any data we collect from you is a pure liability - we don't make any money from it, we have to spend money to protect it from hackers, and if it makes someone think twice about signing up, we lose out on that revenue. The bottom line is that we spend a lot of time finding ways to collect less, not more. You may have seen our new passive Web Monetization meta tag - by switching from JavaScript to a meta-tag, we avoid calls to our server to fetch the JavaScript which would cause us to have more data to worry about. You can expect us to make more changes in that direction in the future as we improve the technology. Other changes in the policy are related to compliance (IRS form 1099, requirements from credit card processor) but once again, we'd much rather not collect anything because it just creates additional work and risk. So we did our best to describe as precisely as possible what we need to collect in order to comply with all applicable laws and regulations. We've also clarified what constitutes abuse of our platform. Most of these restrictions are driven by either legal restrictions (e.g. gambling) or risk-based restrictions (e.g. adult content) that our payment processor or the credit card network mandates. I would point out that Web Monetization is fundamentally open technology, so if you want to use it for (legal and ethical) purposes outside of our Terms of Service, you're free to bypass Coil and use the open-source implementation, Minute. We intend Coil as a platform to make Web Monetization available to a wider audience beyond crypto and lot of that audience uses credit cards today. Once again, I'm very interested to hear your feedback and we're committed to continuing to improve our policies in the future. It has been absolutely amazing to work with the XRP community and all the help that we've received during our closed beta so far.
  13. 27 points
    Very interesting discussion. It is very positive that they agreed to share the stage and even joke about negotiating and co-operation. SWIFT were making some good points (to paraphrase) Banks find the migration costs to Ripple/XRP expensive and want to avoid paying them SWIFT's messaging system is much much faster now they have set up GPI and payments can be tracked better Banks worry about crypto volatility SWIFT's system uses API's but not blockchain which they thinks is still some way out from adoption Banks will survive if they adapt, and they are adapting Crypto has this reputation of being unregulated and dangerous to use because of the criminality Everything is already digital Cost of transactions on SWIFT are already very cheap (2 -3 cents) BG had good counter points Ripple provide a two way messaging system (in my view a killer point, it radically changes the sorts of services you can provide) Speed of transaction makes volality near zero and less than fiat to fiat volatility Ripple is going down the regulated route which actually makes tracking and protecting transactions more secure not less secure SWIFT's talk of an open system is disingenuous because it is their controlled API system owned by SWIFT Blockchain is already here. The video ends prematurely. My impression was that these two companies agree that the world has changed and the future is that both companies will be working together on open platforms on the IoV. SWIFT has the advantage of moving banks cheaply onto a more up to date API only system but Ripple has the advantage of more advanced futuristic technology. If you are a new business you would go with Ripple, if you are an established business you have to make some hard assessments whether to move everything across to block chain now or to do it in stages.
  14. 25 points
    UPDATE: In below is the full video of the panel with better quality. Here is the panel "Let's send the money" LIVE stream between Brad Garlinghouse and the CEO of SWIFT.
  15. 24 points
    https://beachhead.com/component/content/article/9-uncategorised/80-white-paper?Itemid=437 Beachhead is going to use the XRP Ledger to help run their online economy in their upcoming VR game Beachhead 2020.
  16. 24 points
  17. 23 points

    We all got fooled again.

    I don't know what you want other people to say. If you feel like all the Ripple partnerships are somehow "scams", then surely you want nothing to do with XRP (if that's what you want someone to say)....just sell and rid this scamcoin from your portfolio.
  18. 23 points
    Ripple, a provider of leading enterprise blockchain solutions for global payments, today announced Stuart Alderoty has joined the company as General Counsel, reporting to Chief Executive Officer Brad Garlinghouse. In this role, he oversees all legal services and manages the company’s global legal, policy and Bank Secrecy Act (BSA) compliance teams..... https://www.marketwatch.com/press-release/stuart-alderoty-joins-ripple-as-general-counsel-2019-01-30?siteid=nbkh
  19. 23 points
    Case Study Italian banks pioneer the use of Corda Enterprise for interbank reconciliationβ€”opening the way to a full production roll-out https://www.r3.com/wp-content/uploads/2018/12/Spunta-Final-copy.pdf
  20. 23 points

    Brad @ wef Davos panel discussion

    this doesnt mean XRP's price wont go up until five years. although it does mean many people in here wont be invested in XRP anymore because they lost patience, got bored, and sold. once XRP is at $5, we'll hear the same exact complaints when it drops to $4.50 "Whats happening!??????" "I just bought at $5 and now im in the red!?" "Once this thing drops to $3 its all over"
  21. 22 points

    New SBI presentation 31/01/19

    The stuff SBI are putting out about how SBI, R3 and Ripple work together in practice is huge : - I learnt a lot from this article which was posted on another thread by Jabit (my transcription of the first half of the text) In Japan we started to use an application for transferring money, called Moneytap. This application uses only DLT but I would like to make it XRP caperble. Once we are able to use XRP on β€œCorda” a R3 blockchain technology which SBI has been investing in, the financial transaction of trading can be done in a very short time. Because Corda has a function called smart contract (including easy verification of contract, implementation, execution, computer protocol for negotiation. The characteristics of this function is a to process the guaranteed trusted transaction without being intermediated by a third party). We can use it not only for international money transfers but also for all kinds of trades such as transaction of bonds and/or derivatives in the financial field. From our end, we would like to finish this feature of XRP like Corda. In order to do this, we would like to create a joint venture with R3 and SBI in Japan like we did with Ripple. And start up the consortium as soon as possible and develop the system while holding the conferences in which many people can learn the system to use in parallel. In this way, by using XRP, visitors from all over the world coming to Japan can pay bills without exchanging the money from US dollars to Japanese Yen. It is a new challenge for us. Next I want to talk about β€œS coin platform” which we have started. We issued local currencies β€œNISEKOPay” at Niseko in Hokaido and β€œUS-Dalba Coin” at Odalba in Tokyo. Our goal is to incorporate XRP into this S coin platform and expand to the world level. To pursue this, we are considering using Corda of R3 as a foundation of this system. As soon as we set up the joint venture business, we will focus on expanding this system all over the world. It is perhaps my dream as well. To achieve this , we would like to progress step-by-step. R3 is characterised as possessing blockchain technology which can apply to a wide range of the field not just the financial world. On the other hand, Ripple has a strong feature on transferring money. Therefore, we can take advantage by using each characteristic by tasks. Use Ripple for international money transfer, and the rest of the transactions will be performed using Corda R3. A huge advantage is the function of Smart Contract. Our current strategy to expand worldwide is to complete the system before Osaka EXPO 2025. If we succeed, it will be revolutionary development. Likewise I believe that blockchain will be incorporated into all kinds of industries. It will get real as I always say that β€œwork finance as a core and reach beyond finance” Therefore, SBI will not be solely a financial company but will be beyond.
  22. 21 points
    Professor Hantzen

    Q4 2018 XRP Markets Report

    We don't have figures for dollar value XRP purchases by institutions prior to Q4 2016, however, we can probably assume its fairly negligible to the whole picture (if you multiply the below 2016 figures x4 for instance it doesn't make a lot of difference). Relying on the figures we certainly have, we can see the following has been invested by banks/FI in XRP year over year: 2016: $4.6m 2017: $67.4m 2018: $171.7m Doesn't look too bad. That's $243.7m financial institutions the world over have invested in XRP specifically. A quarter billion dollars? I don't think there is any other crypto currency that can make even remotely a claim such as that. Interesting too, to look back and see this as a percentage of (coinmarketcap's) current "market cap" for XRP: 2016: 0.04% 2017: 0.55% 2018: 1.85% Banks/FI's have been buying up more and more of what's out there, and we know they have stringent sales restrictions when they buy. Assuming no subsequent sales, and conversely, assuming no on-market buys, almost 2% of all XRP supply, or 1 out of every 50 in the wild, may be currently owned by a bank or financial institution. That's kinda cool. Looking quarterly: 2016 Q4: 4.6m 2017 Q1: 6.7m 2017 Q2: 21m 2017 Q3: 19.6m 2017 Q4: 20.1m 2018 Q1: 16.6m 2018 Q2: 16.9m 2018 Q3: 98.0m 2018 Q4: 40.2m What I find interesting about this is what I perceive as possibly 6 months latency on banks/FI's en masse reacting to the bull run of 2017 EOY. Sales were down for the first two quarters of 2018, and only picked up (significantly) in Q3. Another way to look at it is we can't necessarily draw too much useful information from what the market's doing versus institutional sales - they may not have much in common, or if they do, there may be significant and unknown delays involved, undermining usefulness. Another way to look at the last quarter is that its the second highest quarter XRP's had in terms of institutional sales, and almost twice the size of third place. To me its too early to draw a conclusion regarding the drop in Q4. It could be an ordinary fluctuation - eg, if we had 5 years worth of figures would we always see a drop in Q4? (Even something as simple as holidays?) But on the whole, I think the report was pretty low-standard. Not in terms of numbers, but in terms of style and content. I looked forward to Miguel Vias' lucid market insights into the crypto space, his play-by-play recaps of pivotal moments from the quarter, and the many charts - some of which would have taken some effort to prepare. This Q4 2018 report is much lighter, low on content, and doesn't even bear his name. It's a shame, but perhaps it indicates he's been busy doing more important things, which I guess could be a positive.
  23. 20 points
    https://www.coindesk.com/swift-chief-announces-integration-with-r3-at-paris-fintech-forum Oh the sweet irony. R3 partner with SWIFT. Even when Ripple lose, XRP holders win here.
  24. 20 points
  25. 20 points
    I find David Schwartz disturbing. He’s so concise, I imagine that his thoughts are precompiled in JavaScript within his brain before being executed. DavidSchwartz.exe