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Posts posted by zerpdigger

  1. while i dont think a good application is as a social media platform per say, i have always thought that there's an application for the XRP ledger, specifically trust lines, in a kind of 'admin rights' trust network of sorts, e.g. if you run a complex website/forum/etc and need to give database or access permissions, but want to control it all via some kind of consensus layer apart from the web/data layer

    trust can be set 1/0 but also assigned a 'weighting' using an arbitrary "coin" that could be issued by the main administrator, then distributed to others within a trustline network in a way that sort of mirrors the old LETs system of community credit/debt for small tasks and favours (in this case, web roles)

  2. very interesting concept... just broke my brain trying to visualize how this works


    The stablecoin is pegged to a USD and collaterised with Ripple’s XRP.

    The USDX appears like the MakerDao, however, it is built on Cosmos, a new blockchain protocol that makes use of Tendermint BFT for consensus. It also has a hub-and-spoke model of cross-blockchain interoperability that emphasizes composability and self-sovereignty of application specific blockchains.

    that's some massively complex financial shenanigans

  3. 11 hours ago, KarmaCoverage said:

    I dont think I've said something negative about someone on this forum, but McAfee is a complete idiot regarding markets and finance.

    there's a reason he fled like a coward to belize rather than face justice and scrutiny at home

  4. 1 hour ago, aavkk said:

    Perhaps in the short run but in the long-run I strongly disagree here.  I feel that because this is an entirely new asset class meaning big boys have been prohibited to enter due to lack of regulatory clarity coupled with many potential retail investors waiting to see how this new asset class matures creates opportunities for us.  Perhaps we are taking on additional risk but looking at the fundamental developments of RippleNet and the product suite developments as well as strategic build out of markets that have happened throughout 2018 and certainly this year I'm more confident than ever.  Our current price is a distraction.   We are coming out of the depths of a bear market and the drum beat while hard to hear continues and slowly gets louder and louder.  A massive bull market would absolutely help fast track XRP utility volume but I'm extremely optimistic about our future given we are progressing forward through the worst of times. 

    yep fair enough i can't disagree with that

  5. also it's worth noting to those worried about "devs dumping" that if it affects the market price then we have bigger problems (low liquidity) than worrying about devs, since without liquidity and decent order book volumes there'll never be a use case for xrp!

    so it works both ways -- our liquidity gets used up by market making, but market making puts off a lot of speculative liquidity! :D

    this is my controverial opinion, take it with a pinch of salt: XRP needs Bob Way's patent, it needs market making (inc. public versions of) incentive schemes and it needs to be marketed and known about, as part of a clear, concise and rational 'xrp investment thesis'

  6. btw, the original thread that sparked all of this nonsense, is here:

    worth a read through all 23 tweets, its excellent and i also agree (controversially perhaps, here!) that speculative/HODL investment money has been massively damaged (for the general public or crypto speculators) by a lack of tight investment thesis and generally bad press for xrp/ripple, which is reflected heavily in basically no volume outside of what the author suggests is xrapid market making volume

    but unf. the market making volume just absorbs any small speculative volume and keeps the price immobile, at least it seems that way

    as for the arguments here re: david -- IMO he can do whatever he likes with his xrp, leave him alone! :D

  7. bad reporting IMO, the Settler does NOT "depend on" XRP in any form -- XRP is an optional "plugin" for it


    The Corda Settler is an open source CorDapp that allows payment obligations arising on the Corda Network to be settled via any parallel rail supporting cryptocurrencies or other crypto assets, and any traditional rail capable of providing cryptographic proof of settlement.

  8. https://www.formosa.financial


    Financial Services for Blockchain Innovators

    The platform seamlessly integrates asset custody, brokerage, and risk management in one easy-to-use package.

    One-stop shop for digital asset management

    Formosa Financial is the one-stop platform for digital asset management, offering a customizable suite of custodial, brokerage, and risk management services.

    How it works

    The platform seamlessly integrates asset custody, brokerage, and risk management in one easy-to-use package.

    I was Googling Ryan Terribilini as I always wondered what happened to him since the early Ripple Labs days and those integration videos he did with Fidor.

    He went through several firms but now works for 'Formosa Financial'. Have a look at their website, it's... interesting!

    Surprisingly (and for me as a crypto sceptic, dubiously) they also release a flopped ICO: https://coinmarketcap.com/currencies/formosa-financial :D

    Anyway, just wanted to add this here in case anyone wants to connect dots that probably shouldn't be connected.

  9. 2 hours ago, borntohypetothemoon said:

    "most of the processing time explained by domestic payment rails and intermediary digital asset exchanges" - can't get this, what's this all about? 

    it means xrp settles in ~3secs, so if/when a payment takes ~2mins, it's bc of the domestic rails like CHAPS (UK), SEPA (EU), FedWire (USA), etc and/or the time taken to send the xrp between exchanges, which have various hoops to go through for KYC/confirmation, withdrawal/deposit checks, etc

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