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enrique11

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  1. Thanks
    enrique11 got a reaction from Scout in westpac added to the customer page on ripple.com   
    For those like me who don't know who Westpac is:
    Source is wikipedia: https://en.wikipedia.org/wiki/Westpac
  2. Like
  3. Thanks
    enrique11 reacted to denverks in Ripple-Backing SBI and Santander Fund Elliptic To Fuel Asian Expansion   
    https://www.forbes.com/sites/darrynpollock/2019/09/06/ripple-backing-sbi-and-santander-fund-elliptic-to-fuel-asian-expansion/
  4. Like
    enrique11 reacted to JBW in SBI CEO “We Will Use The Virtual Currency XRP For Remittance”   
    https://thexrpdaily.com/2019/09/05/sbi-ceo-we-will-use-the-virtual-currency-xrp-for-remittance/
  5. Like
    enrique11 reacted to ADingoAteMyXRP in Implications of ILP   
    Sort of...  but it's not a race between ILP and XRP.
    ILP is simply a method to internetwork between different ledgers. It's like an internet for payments.
    In an ILP future, if you're trying to make a payment, the network will pick the most efficient path available for that value flow depending on what value you have and the type of asset the recipient is requesting. In the future, if XRP is the global bridge asset, it will often be XRP. But if you're paying USD to someone else who wants USD, or paying USD to EUR (a highly liquid corridor already), then there may be a cheaper way to facilitate that payment across bank connectors without XRP.
    The idea behind ILP is that there will be many winners in the space. XRP will be best-positioned to take a large share of global ILP payments though, not just because it's a bridge asset, but due to its speed, throughput, and instant global reach. Governments will also be competing with CBDCs but it's left to be seen if they'll allow overseas transactions with digital fiat.
  6. Thanks
    enrique11 reacted to jbjnr in Decrease in number of medium and large payments   
    No, I don't think so. I run plots of daily transactions and break them down into different corridors to see if I can track the total flow of (possible) xRapid activity and I also see a downtrend in payments of small sizes. There has been an uptick of larger payments, but I'm not convinced it has anything to do with xRapid because I have been assuming that remittances will start small and gradually grow in size. I was planing on doing a write up, but don't seem to find the time. Should probably read less of the rubbish posted on this site recently. It's possible that someone is using some of the corridors for real x-border transactions rather than just remittances, but I can't be sure. What I'm really looking at is possible new corridors opening up before they are announced rather than just the bitso/bitstamp/coins.ph exchanges because I'm sure testing will go on on new ones before we hear about it.
    I see activity that goes to addresses that don't appear as exchanges in the bithomp directory, would love to know some wallet addresses of SBI for example as I have no idea where this stuff comes from unless someone can link a wallet to an exchange/other.
    Does anyone know where the whalebot gets is address/name lookups from? I sometimes wonder if it has a different dictionary than the bithomp one. Thanks
  7. Like
    enrique11 got a reaction from ADingoAteMyXRP in Brad Garlinghouse Responds to FUD (Litigation, XRP Sales, Etc.)   
    I like that the FCA, a regulatory body for the United Kingdom, doesn't think XRP is a security, but I would prefer that an analogous American financial regulatory body would have the same opinion, like the SEC, but the SEC can't even decide if ETH is a security or not, and they won't render a decision anytime soon.  Also, they have indicated that more stringent crypto regulations would be forthcoming in the future, and the SEC is very slow to change their ways - they will not make an exception for this new asset class called cryptos. 
  8. Like
    enrique11 got a reaction from Julian_Williams in Brad Garlinghouse Responds to FUD (Litigation, XRP Sales, Etc.)   
    I like that the FCA, a regulatory body for the United Kingdom, doesn't think XRP is a security, but I would prefer that an analogous American financial regulatory body would have the same opinion, like the SEC, but the SEC can't even decide if ETH is a security or not, and they won't render a decision anytime soon.  Also, they have indicated that more stringent crypto regulations would be forthcoming in the future, and the SEC is very slow to change their ways - they will not make an exception for this new asset class called cryptos. 
  9. Thanks
  10. Thanks
    enrique11 reacted to BobWay in Chat: [Study Group] Session 0   
    Many of the most confusing things about Ripple and XRP are related to poorly chosen names. I'm sure most people are familiar with this infographic that Ripple published. 

     
    But it is important to realize that the above names are just the most recent choices. Prior to this, the company and products have been called many different things. Some of are detailed in links referenced above, but many are not. It is nearly impossible to talk about the subject and why people are confused without referencing prior names and how they have changed.
    Company Currency System Ecosystem Product ======= ======== ====== ========= ======= OpenCoin ripples Ripple The Ripple Network The Ripple Client Ripple Labs ripple Ripple Ledger The Ripple Network RippleTrade Client Ripple ripple RCL The Ripple Network RippleConnect 2.0 Ripple ripple ILP The Ripple Network RippleConnect 3.0 Ripple ripple ILP The Ripple Network The Ripple Solution Ripple ILP RippleNet xCurrent Ripple XRP XRP Ledger RippleNet xRapid Definitions =========== Ripple Consensus Ledger RCL The Interledger Protocol ILP Alternate Terms =============== ILP The Interledger Ledger / Connector ILP Open Internet of Value Connector  
  11. Thanks
    enrique11 reacted to ledgerobserver in Is anyone making (even a little bit) money with Coil?   
    In form of a link maybe?
    So to explain our participation in that thread, we are certainly entirely underwhelmed of coil. The reasons are:
    1) The earnings are underwhelming. We created a website with users spending long sessions on. The earnings are far beyond everything that was tipped. Actually, in the early days, our first three tips withing the first 20 minutes exceeded our coil earnings we are having starting from the re-release. 
    2) Coil is opaque about...  everything. Nobody knows what exactly is earned per second. Even the "Terms of Service" on their website give no clue about that. The website is so rudimentary that it nearly hurts from a contributor perspective. No stats, nothing. Integration might be simple, but that's it. Relying on coil for a main income as a content producer must be very frightening. Nothing compared to twitch platform or youtube overviews.
    3) Coil was very generous and non-transparent about data-collection. Having a browser plugin running is one of the most critical things according to security and data, we can do nowadays. 
    A lot will argue that coil is a startup in their early days. However, transparency must be a day 1 quality goal. And as a contributor we are constantly left with asking what, when & why. 
  12. Like
    enrique11 reacted to Julian_Williams in Third-Biggest Crypto Coin Barely Causes a Ripple Amid Rally   
    No it is not Crap, it is common sense that when you invest in something you should be investing in the idea, not just a money making scheme.  I do not invest in BTC because I do not agree with the Zeitgeist of that community, just like I would not invest in schemes to make money burning down the Amazon jungle or ponzis to cheat the general public.  I invest in XRP because I like what the XRPcommunity and what Ripple are doing and I believe my money is being put to good use and I will get a good return. So yes I do have sympathy with the aims of the company, tolerate their mistakes if they were made in good faith.   For me putting money into an investment has a moral dimension.
    Our actions in this world come with consequences.  That is why we have morals.  A person without a moral perspective is dead to me.
  13. Like
    enrique11 reacted to hamasugu in Japanese exchange DeCurret has started XRP's “electronic money charge” service.   
    https://translate.google.co.jp/translate?hl=ja&sl=ja&tl=en&u=https%3A%2F%2Fcoinpost.jp%2F%3Fp%3D102453
    https://translate.google.co.jp/translate?hl=ja&sl=ja&tl=en&u=https%3A%2F%2Fjapan.cnet.com%2Farticle%2F35141556%2F
    https://translate.google.co.jp/translate?hl=ja&sl=ja&tl=en&u=https%3A%2F%2Fjp.cointelegraph.com%2Fnews%2Fdecurret-start-charge-service-for-crypto-currency-to-multiple-electronic-money
  14. Like
    enrique11 reacted to JannaOneTrick in I felt like making a small video after the XRP price drop   
    Hey guys,
    I just made a small video after the XRP drop from $0.3 to $0.25.
    I feel you, I wish I could ease your pain, talk sense into you all but only you can take decisions.
    All is in good motion (speculatively and adoption wise).
    Take great care <3
     
     
     
  15. Like
    enrique11 got a reaction from GiddyUp in SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security   
    My fear has for a long time has been that the US generally sees cryptos as a threat, not just bitcoin, but any crypto that can ultimately take value away from US fiat, interfere with US monetary policy, and affect USD global influence.
    Anyway, if a company decides to build on top of a public 'blockchain' like IBM, SatoshiPay, etc. have done with the Stellar network, does that make XLM a security. No, I really don't think so because then any company that uses a public crypto in this manner and dominates it or not automatically turns that public crypto into a security, which doesn't make any sense whatsoever. I''m sure they're are companies building on top of Ethereum, but that doesn't make Ether a security.  In the case of Ripple, it was gifted XRP, and then decided to build some of its banking products on top of the public XRP network, so XRP shouldn't be a security either even if for argument's sake XRP is the only company building on top of it and holds most of the XRP.
     
  16. Like
    enrique11 got a reaction from 1Ton in SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security   
    My fear has for a long time has been that the US generally sees cryptos as a threat, not just bitcoin, but any crypto that can ultimately take value away from US fiat, interfere with US monetary policy, and affect USD global influence.
    Anyway, if a company decides to build on top of a public 'blockchain' like IBM, SatoshiPay, etc. have done with the Stellar network, does that make XLM a security. No, I really don't think so because then any company that uses a public crypto in this manner and dominates it or not automatically turns that public crypto into a security, which doesn't make any sense whatsoever. I''m sure they're are companies building on top of Ethereum, but that doesn't make Ether a security.  In the case of Ripple, it was gifted XRP, and then decided to build some of its banking products on top of the public XRP network, so XRP shouldn't be a security either even if for argument's sake XRP is the only company building on top of it and holds most of the XRP.
     
  17. Like
    enrique11 got a reaction from blueorchid in SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security   
    My fear has for a long time has been that the US generally sees cryptos as a threat, not just bitcoin, but any crypto that can ultimately take value away from US fiat, interfere with US monetary policy, and affect USD global influence.
    Anyway, if a company decides to build on top of a public 'blockchain' like IBM, SatoshiPay, etc. have done with the Stellar network, does that make XLM a security. No, I really don't think so because then any company that uses a public crypto in this manner and dominates it or not automatically turns that public crypto into a security, which doesn't make any sense whatsoever. I''m sure they're are companies building on top of Ethereum, but that doesn't make Ether a security.  In the case of Ripple, it was gifted XRP, and then decided to build some of its banking products on top of the public XRP network, so XRP shouldn't be a security either even if for argument's sake XRP is the only company building on top of it and holds most of the XRP.
     
  18. Like
    enrique11 got a reaction from ManBearPig in What is the main reason that could lead to another XRP Bull Run?   
    OK, so I voted "other", and that "other" is that a court rules that XRP is not a security. 
  19. Like
    enrique11 got a reaction from invest2lose in What is the main reason that could lead to another XRP Bull Run?   
    OK, so I voted "other", and that "other" is that a court rules that XRP is not a security. 
  20. Like
    enrique11 got a reaction from WuWei in What is the main reason that could lead to another XRP Bull Run?   
    OK, so I voted "other", and that "other" is that a court rules that XRP is not a security. 
  21. Like
    enrique11 reacted to King34Maine in SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security   
    Meh.......This kind of non-sense comes with the territory. That's why you make sure that you are lawyered-up appropriately:
    Ripple Labs Brings on Former Top SEC Officials to Help Defend Private Securities Lawsuit Former SEC Chair to Represent Ripple in XRP Lawsuit Ripple Hires General Counsel from Lending Giant CIT Group Ripple Welcomes New Board Member Benjamin Lawsky As I've explained in previous posts, every nation-state is trying their damnedest to become the leader of the blockchain/crypto revolution that is unfolding before our very eyes. The US lopsidedly dominated the ‘Age of Information’ and wants a repeat with crypto/blockchain. It makes no ******* sense for the various powers that be, here in the US (i.e. SEC, CFTC, etc.), to undermine the growth potential of one of the Red, White, & Blue’s prized unicorns (Ripple). XRP being classified as a security is extremely and highly unlikely. Better yet, if there was such a profound issue and or concern about XRP being a security, regulators globally would’ve addressed it already, Period!! However, what has really cemented my theory are the highly orchestrated and subtle subliminal messages being pushed out by representatives from the SEC and other regulating bodies. Earlier this year SEC Commissioner, Hester Peirce, offered the following statement:
    "Yet many of these projects begin in a centralized manner that looks about the same as any other start-up. A group of people get together to build something, and they need to find investors to fund their efforts, so they sell securities, sometimes called tokens. The SEC applies existing securities laws to these securities offerings, which means that they must be conducted in accordance with the securities laws or under an exemption. When the tokens are not being sold as investment contracts, however, they are not securities at all. Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities." (Paragraph 14)
    After reading that one paragraph I immediately thought of Ripple/XRP, particularly the last couple of sentences. Ripple’s has never promoted or sold XRP as “investment contracts.” Also, the UK's Financial Conduct Authority (FCA) has recently come out saying that XRP has been deemed to have “non-security attributes:" 
    "Tokens may have mixed features that may overlap with the above categories, or change over time. For example, Ether can be used as a means of ‘payment’ (exchange token) on the Ethereum platform, and can also be used to run applications (utility token). XRP has similar features." (Page 8)
    A simple definition of a security is any proof of ownership or debt that has been assigned a value and may be sold. For the holder, a security represents an investment as an owner, creditor or rights to ownership on which the person hopes to gain profit. Examples are stocks, bonds and options- as these prove OWNERSHIP in such-said company/entity. Because XRP is an agnostic utility token used as a bridge-asset for cross-border/domestic payments, owning XRP gives you no rights or ownership in the private company Ripple. Yes, you and I may have purchased XRP via exchanges in hopes that the value will appreciate as more and more banks and FIs begin to utilize xRapid for liquidity, however, this is pure speculation and betting on our part as holders of XRP.
  22. Like
    enrique11 got a reaction from Julian_Williams in SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security   
    My fear has for a long time has been that the US generally sees cryptos as a threat, not just bitcoin, but any crypto that can ultimately take value away from US fiat, interfere with US monetary policy, and affect USD global influence.
    Anyway, if a company decides to build on top of a public 'blockchain' like IBM, SatoshiPay, etc. have done with the Stellar network, does that make XLM a security. No, I really don't think so because then any company that uses a public crypto in this manner and dominates it or not automatically turns that public crypto into a security, which doesn't make any sense whatsoever. I''m sure they're are companies building on top of Ethereum, but that doesn't make Ether a security.  In the case of Ripple, it was gifted XRP, and then decided to build some of its banking products on top of the public XRP network, so XRP shouldn't be a security either even if for argument's sake XRP is the only company building on top of it and holds most of the XRP.
     
  23. Like
    enrique11 reacted to JBW in The FCA Regulatory Agency Categorizes XRP as Utility Token and Not a Security   
    https://thexrpdaily.com/2019/08/13/the-fca-regulatory-agency-categorizes-xrp-as-utility-token-and-not-a-security/
     
  24. Like
    enrique11 reacted to Julian_Williams in SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security   
    I would be interested in a lawyers opinion.  Reading this through, and I am no lawyer, made me think this is a straw argument built by complainants that are clutching at straws.  What is their wished for outcome?  Money or the trashing of the digital asset (XRP)?
    SEC have stated very publicly that an ICO that starts as a security can change into something that is not a security.   It seems to me that XRP is now very firmly in that latter territory even if at first its status was off white and at times ambiguous.
  25. Thanks
    enrique11 reacted to Pablo in Ripple Lawsuit Tracker   
    There's been a recent update to the Sostack case as the class action is now being represented by Susman Godfrey.
    The Complaint has little merit in my opinion and there are plenty of LOLs from the very first pages: (https://cloudup.com/c8srzA-f5lS). They've even included a screenshot of one of Joel Katz's comments as "evidence".
    @brjXRP17 - do you have anything else on this one?
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