Annevanzwol

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  1. Now I am confused TOKYO -- A consortium of Japanese banks will experiment with fund transfers using virtual currencies, with an eye toward developing a more convenient, lower-cost alternative to wiring money. I thought the experimentation phase was completed and the going live date was set???
  2. Nice read. Reminded me of the saying: Let the people who say that it cannot be done not stand in the way of the people doing it.
  3. When there is a new announcement I always try to get a feeling of how big the news is. What the impact will be on achieving Ripples goals. But not knowing each bank/FI and their respective reach that is not always easy. So I would like to introduce the 'impact scale'. On a scale of 1 (Fidor) to 10 (Japanese bank consortium going live beginning 2018) where would you rate the Ezforex announcement? My gut feeling is an 8 but I am not sure.
  4. Agree. Most likely Poloniex is fine. However I don't like the rumours. Do not know what happens when we get the equivalent of a bank run. Just to be sure I have transferred my funds for the time being.
  5. ouch...
  6. Indeed. Something like 'RCL combined with Ripple's paychan feature allows for tens of thousands transactions per second matching Visa's throughput capabilities'. Link to the technical blog for people who want to deepen their understanding. Currently the casual reader can get the impression that Ripple is only at 1/56 of Visa's capabilities. I understand it is difficult to write this from a casual reader's perspective when you are well versed in the technology yourself. I think we have some capable people on XRPchat who would not mind proof reading before publication.
  7. Well if you really believe XRP will reach 4 USD then the current price is a steal. Looks like you try to choose between a 10,000% and a 15,000% return. Both of them seem fine to me. Don't miss the boat sub optimizing. That of course is if you assume a 4 USD value
  8. A lot of people I know invested in XRP because they get the main principles. For that you don't need to know the technical nitty gritty. The gist of the article should be: Ripple can match / exceed Visa's throughput capabilities. That's it. That you technically use paychan to lump transactions is additional information for the interested readers. Currently the gist is: Visa can do 56K, Ripple only 1K. That is probably not the message you want to convey. Agree with @lucky that you can explain Ripple to lay people.
  9. Or as a former boss of mine used to say: If you sell yourself as a potato you will be eaten like a potato
  10. Thanks for explaining every one. Maybe Danny should add this to the article so that it is clear for all readers. Now an uninformed reader could walk away from this article with the idea that Ripple still has a long way to go.
  11. In this article https://ripple.com/insights/dont-believe-all-the-hype-2-the-limitations-of-the-bitcoin-blockchain/ It is mentioned that Visa can process between 2,000 and 56,000 transactions per second. Later it states that the RCL can process 1,000 transactions per second. This seems to contradict the earlier claim of being able to match Visa's throughput capabilities. Hopefully this is a typo or my misunderstanding.
  12. Is there something like a Ripple issued offline key pair generator? I know of the third party ones but how can I know these are trustworthy?
  13. @JoelKatz thx. Appreciate you take the time to answer my noob question
  14. Thanks for all the responses so far. Unfortunatly my first question is still not answered conclusively. Maybe @nikb or @JoelKatz can shed some light on this.
  15. Something is still puzzling me about cold storage. How is it possible to generate a key pair offline and then be able to send XRP to the RCL? How does the RCL know about the key pair? Or does the RCL store based on the public key and only the secret key can unlock it. In other words the secret key is not on the RCL. Please can someone explain this to me? Also I would like to understand better how storage via e.g. Nano Ledger S is safer than working via a computer. In both cases you will be online when transacting. What is the principle here?