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Chan_Maddanna

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Everything posted by Chan_Maddanna

  1. Thank you @mars75 your scrutiny is such a great service to ecosystem, nibbing a negative cascade ( intentional or not ) . Although this does look a bit on the intentional side. The MasterCard tweet picture also does not stand the test. Bitly branded short domain and shortened URL generator generates continuous incremental values and they are 7 characters in length with first char values being 0~9 to keep url length constant. They have not even exhausted 2 yet, the URL with "4******" string is definitely fake/Photoshop something. also note, i have not seen any tweet where master card uses ">" when pointing to the short-links. while these are minor points, you have given the elephant points in this matter ( the domain name, address etc) All this combined, definitely seems someone is messing with the community, perhaps trying "desperately" to initiate P&D or something. be careful everybody, don't fall for frauds ( subtle or gross) Cheers !
  2. thanks for reporting. @JoelKatz @miguel calling your attention, this group seems to be tiny bit more sinister, in terms of approach to the community. its evident its a pre-set group performing planned acts. ex: https://bitcointalk.org/index.php?topic=2987228.msg30714679#msg30714679
  3. Thanks for this. Longer term this sort of community oversight is what makes it neat and transparent. two disclaimers may be worth it, one : the accounts are guessed only - the owners did not come and provide them to us. Second - i hear some wallets are wrong, so a disclaimer clearly stating this is community guesswork - might not be fully accurate. Kind Regards, R8
  4. Its obvious that they are not doing this learning things from github. They most certainly have a contract going with Ripple and perhaps are working with Ripple engineers on regular basis. I say , just keep it low, be informed and let them do their thing. Too much publicity can scare them, jeopardize or atleast slow them, make them be more cautious - none of which is best for any of us. my 2 cents.
  5. @Graine thanks buddy ! PSD2 = Payments Services Directive 2 . PSD2 stack = the *only* stack that people will have to use going forward. IN due time all players *have* to migrate to PSD2 compliant stack. So in that light, almost all payment and part-payment companies are developing/upgrading their payment service/software to be *PSD2 Compliant*. Something about CA: ~~~~~~~~~~~~~~~ Computer Associates International or CA Technologies are big. and especially their security and alert service offerring and various other tools. However, since the last time they did innovation with Royal bank of Scotland in 2010, they have not done great work in Payments side of business. So they are large , but they are also lagging in this area. they are trying hard to reinvent themselves and now see PSD2 as the right opportunity. here is a new standards and new definition. Somewhat a fresh start on fresh playing ground. So if they get their foot right and have their products greatly compliant and performant on a PSD2 stack, they would not only retain all their current customer base ( which is huge ) - but they would also once again be the top-dogs. So for this reason, they are working hard on so many fronts. Some of the products they want to bring seamless PSD2 compliance and integration with include: Payment Security Suit (https://www.ca.com/us/products/ca-payment-security-suite.html) , Payments Authentication (https://www.ca.com/us/products/ca-strong-authentication-for-payments.html), Transaction manager (https://www.ca.com/us/products/ca-transaction-manager.html). ~~~~~~~~~~~~~~~~~ Here is a recent post from CA last year that gives a peek on the direction and synergy they are trying to establish : https://www.ca.com/us/company/newsroom/press-releases/2017/ca-technologies-delivers-psd2-solution-to-help-accelerate-open-banking-and-streamline-payments-innovation.html and in this regard they have a very live and thriving PSD2 sandbox. So seeing Ripple ledger integrated into their sandbox and directly interacting. Even allowing REST calls to try. This simply for me means, they foresee Ripple ledger as being part of of widely used infrastructure in near future and they want all their product upgrades to be fully capable of transacting/querying and doing other tasks ( like acct creation etc ) on the ledger. Hope i have connected some dots in there . cheers ! R8
  6. @Graine thanks for tagging me in. From everything i could gather through the account-to-account Japan-wide demo is of importance. Few things I got to know : >> MUFG coin is a asset on private ledger yes. Seems like It will be pegged to a stable fiat currency. there are rumors that it might not be pegged to JPY, and instead might be USD/EUR. >> During demonstration period separate "remittance accounts" will be created for users participating in the demo, denominated in MUFG coin (a private MUFG asset) >> one of the main things tested and confirmed will be "direct" account to account JPY transfers nationally *across* other banks and throughout Japan. >> account to account transfer will spawn multi-banks, and include all participating banks in the consortium. So definitely seems like It will utilize rc-cloud and central "liquidity providing" solution that JBC ( banking consortium led by SBI ) has implemented as part of rc cloud solution. So in short, i think this is a decently good news. adoption, and movement using a system that utilizes XRP for movement/transport. this also means what @GiantGox was doubting also seems true. Internal to MUFG is one thing, but settling directly into other accounts in other banks definitely needs it to be integrated to the consortium rc cloud solution. Also one of the very interesting thing I got to know, is that *After* the demo period, these remittance accounts will be merged back/associated to the users "actual" savings account. this is the culmination mufg is expecting to achieve *this* year. Cheers ! R8
  7. this class and quality of work/research and article, my gosh. Gonna take time and delve into each connection made. Astounding @mars75. thanks for this. many thigns makes sense, some a bit "dot-connecting-rabbit-hole-reminiscent" , never the less... very valuable. needless to say, thanks buddy ! -- R8
  8. @Sancho, i see in various shape and form, already @Graine and @Sukrim have responded. My personal suggestion is they are invaluable in their capacities, Please have them on your endeavor and it shall surely succeed ! good luck, I love to see this come alive. Kindly, Chan
  9. What are you, dedicated to blasphemy ! :-).. my old friend ! May be we can ask @JoelKatz for some leads - ( unless he has become too much of a celebrity ) .. lets see if we get something back (which is better then your blatant blasphemy) !
  10. because the site could have been brought down, and it was a public ISP. a notice to the ISP is all that's needed to bring the site down and for the person to reapply ( if he sanitizes and corrects his site) hope that helps !
  11. as @karlos mentioned, i long ago did warn about this exact risk. even tagged Ripple folk to take notice. would have been so easy to shut it down or get the name and trademark removed with a single serving of a general violation notice. apparently @miguel / @JoelKatz and others from ripple here who were tagged, missed it. I agree they might be very busy, but this whole saga & bad name could have been avoided with a single notice. lessons learnt for next time i Hope. Best, R8
  12. Really good post representing your thought process. in terms of market areas of utility, i happen to agree with many you have listed. Especially looking out for > XRP to make big entry providing a much efficient liquidity ( the one that does not lock reserves ). > "enable" micro-payments globally - for the first time - because many have talked about it, but no one ever had the infra and low fees to make this possible globally. > Adoption and membership growing on Ripplenet + growing use-cases. these shoudl be much more of concern then over-hyped whimsical entity like a coin market cap, based on non-circulating coins. cheers and look forward to your other meaningful posts ! Kindly, R8
  13. Like everyone else here, very pleased and looking forward to. Thanks @Mercury.. sure seems like a lot has gone into this.
  14. You ARE the change maker .. just wow- on your spirit. thanks, for everything, and most importantly for what you are ! this is the start of an era - right here.. this is how movements begin and transform the world. Much Respects, R8
  15. @mars75 Wow, well worth the wait my friend. while i have had bits and pieces of info, but never clearly connected the dots and effort. So glad you took the time and fortitude to put it all together in one flow. and it sure makes a lot of sense, which goes without saying. Thank you very much. R8
  16. It all comes down to the service and cost. Swift is huge, with fat obese payouts & structure. Even if they come up with an alternative tech that match speed, scale and value, can they offer at the price that a less then 200 employee company which has its own funding option along with venture funding ( in a way directly funded by people ) offer ? Second, swift is huge, like Microsoft - but know that humanity is scales time huger/bigger then this. as a direct example think linux. Ripple liquidity is where value is generated, and that comes from "open" markets. Third, Swift is huge with their big boys bank structure acting as gate-holders and permit providers on regional basis. Swift is in bed with them, in-fact it was created in bed with them. So many hundreds and thousands of small institutions never had a chance. if they have to offer remittance, they have to basically beg one of the big banks to let them do it using their portal and rates. Now essentially with the services that are developing, its almost like a MP3 cloud service or AWS. banks just become member of a remittance cloud and pool provides common liquidity. Want collateral, hold it in your representative wallet ... want counter-party free collateral ? be king and hold xrp ... .for swift this is unknown territory ... Hyper-ledger ? something that does not have a native asset ? really ? you shoudl take time and think why their every poc uses xrp ... without native asset constructed into the protocol - it is mathematically impossible to achieve many characteristics - price, point, liquidity, disbursement and liberation from counter-party dependencies are just few of them... It's fair to say banking is going through a gigantic change ! and nope Swift is no where near ! doesn't matter how trusted or incumbent they are ... on one side ripple is bringing internet like liberation,m and on other side we have a Orwellian powerhouse you have to beg to ( for membership, for entry, for license and for everything ) AND pay cut at every level ... what joke ? i am genuinely interested if u have any better points... love brainstorming.. but for me swift is already obsolete.. just like dying star it will wield its influence because of size, but nevertheless will die out in time with mass only to reduce.
  17. @mars75 If i am going to be very conservative, and take the minimal value from the article, even then the facts put together proved the ground is ripe, supportive and mutually beneficial for such a partnership .. and for that alone your post is worth so much.. speculation then merely is about "All stars align, and all thigns fall in place, so can we expect a collaboration" ? clear and good chances ! i woudl say personally speaking thank you very much !
  18. just sharing my personal opinion. I believe this entire correction was directed by market capital curve. which means this cycle supersedes individual cycles. insptie of the bitcoin saga having triggered it. So when it hit 60b, it was an incredible point of entry for new money. I thought that was the bottom and we wont see that ever again for the time being. But just now ETH had a 32 Million USD robbery from a multi-sign wallet. Watch out... At the moment ripple is hugely influenced by general crypto valley sentiments. there is no denying that. it meaninglessly goes down just because eth or bitcoin had some issue. .. but a significant milestone like sbivc or japan remittance is bound to appreciate xrp significantly. So whatever you can find this month before august - if i was looking to put in some new money, i would have done it at market cycle low of 63 B, a weekish ago, if i missed that probably would look for some excellent opportunities caused by eth or some other earth quakes ... come to think of it, anything below 80b is excellent opportunity if u are thinking of a long term ( 1 year or more ) .. so much money is looking for options and crypto markets are bound to cross 150 billion sometime soon. ... as always it will be sudden, and a roller-coaster opportunity grab .. good luck. just to remind not advice, just my personal opinion. Your own risk, your own reward. Kindly, R8
  19. this is very informed and balanced opinion in my view as well. they are keenly focused on "burying" the software in all strategic places to form this essential fundamental base network - which in the first place enables value-connectivity .. and once there the options are myriad and many honestly ... also, we shoudl remember that IPO's can get out of hand in more then one ways and become a massive pain rather then the "popularity and awareness" benefit that it can potentially bring on ! also not to forget the regulatory landscape and familiarization is "not there" yet and needs to mature. perhaps IPO's are going to be risk free advantage points once the landscape is more mature. but as it stands today, I feel either staying out , or at least limiting to standards based and certified ICO's are a must. my point 2 zerps as well ! Kindly, R8
  20. As always, thank you very much for duly keeping us updated ! have a good day my friend ! Kindly, R8
  21. hmm i thought you were just asking how the 24 word secret and related data was managed and if it was secure enough. but this is a different question. hope someone more tech helps answer the same. btw , for the sake of mention, they are utilizing SJCL for all their needs and seeing their imports below gives some idea what/how they might be doing. if interested browse the bip39 standalone ( used to recover from desktop ) here : https://raw.githubusercontent.com/iancoleman/bip39/master/bip39-standalone.html Kindly, R8
  22. Hmm sorry but your math is off as well. float is 27 trillion. 1% of that is 0.27 trillion = 270 Billion , total supply is 100 billion, so 270/100 = 2.7 USD per XRP but the real supply is not 100 billion, and is locked, averaging 1 billion release every year ( that's more then what they have been release recently )- if we say this will materialize even in 5 years time, the true market supply will be 43 Billion, and 270/40 = 6.75 USD. Please feel free to correct me if my math is again off as well ! :-) @Bagheera thanks for the link. @UrzasLegacy those tags, exactly ! lol ( srry, no offence )
  23. Thanks for elaborating on these thoughts. just to add some points on this from the other angle - >> Market making and MM Fund's operation is a strange animal. sometimes keeping the technique secret is the way to go, many other times making it well known, associating as the first entrants and being the first one to present "poc" is more important then keeping secrets, >> Secondly, investment capital is key, the success depends upon being able to have capital ready to fire in various places + having the licenses to do so in various region. So, in a way i can see why they are seeking funds. with their own money could they have done this ? yes perhaps but to get to critical mass, they would have to labor 2 years, missing out on competents. So, there is a good chance they might pull this off ! Especially Vito is from financial background. it i given that its risk, but lets see. @mec1988 : my friend, how did you do your calculations ? because they dont make sense. watermark test amount was around 4 million, and risk adjusted return is 21 percent. So what this means is your earning is simply going to be 21 % of your investment if they 'succeed'. If you are investing 1k usd, then your earning next march is going to be 210 USD. so a total value will increase from 1k to 1.21 k usd. i know in crypto crazy world this looks like dull, but for a conservative projection on 6 months, this is pretty good.you should not be adding the entire supply with all its profit and cut yourself 0.000777% freshly :-) .. but that really did lighten up my evening .. so thanks for that ! Kindly, R8
  24. Thanks for very grounded arguments, in this and also the subsequent posts. they are very close to ground reality and access what can work to less then expected glory. ON the positive side, i woudl like to add, cost cutting, small payments globally, companies like uber ultimately being boiled down by the burden and approaching ripple for a easy single party , any country-any quantity payment solution etc... in short, the larger picture i am conveying which is also very close to reality is financial inclusion. almost 60% + population is not exposed to work markets or services of 21st century, with primary reason being they are unable to transact at their needs and income levels. I see ripples foundation of IOV and services on top of this to fill this gap. and using xrp is crucial and also competitively given for such scenario. int his case we are talking a large sum of untapped market. i cannot in all honesty see an alternative that is mature and trust-able for production at this given time. I have not done any calculations as to how much appreciation of price it might provide to xrp as an asset, due to increased demand and usage... but certainly this is significant and subject to immense growth. my 2 cents. we shoudl realize these people have been watching the progressive world and are dreaming if partaking in it. once they start participating, there is no stopping this wave. Kindly, R8
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