enej

Gateway
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  1. Ant liked a post in a topic by enej in Sending XRP from gatehub   
    Hi @newbee,
    the address to which you are trying to send XRP (rHb9CJAWyB4rj91VRWn96DkukG4bwdtyTh) has a special "DisallowXRP" flag enabled.
    The owner of this address doesn't want to receive payments in XRP which is why our clients prevents you from sending it.
    You can read more about it here: https://ripple.com/build/gateway-guide/#disallowxrp
  2. enej liked a post in a topic by JoelKatz in 6 superstitions concerning XRP   
    Even were that not so though, I still think the argument would be spurious. At one time, you could have similarly argued that Bitcoin was centralized because everyone ran the official version of the software and whatever Gavin put in the software wound up running. But that argument would have been spurious too. Sure, everyone ran whatever code Gavin told them to because Gavin was trustworthy and reliable and it would have been awfully tedious for everyone to maintain a separate copy of the code for themselves.
    A central authority in fact who holds no official power and keeps no secrets does not make a system centralized. It's just a convenience for as long as it is able to do what most people want the system to do. So long as people are free to defect at any time they disagree with the actions of the authority, the authority is not a real central authority. An authority followed out of mere convenience or because of its competence is does not make something centralized so long as there are no obstacles to people forming, and following, other authorities.
  3. enej liked a post in a topic by nikb in 6 superstitions concerning XRP   
    The English version, as mentioned, is after the Japanese version. You can "jump" to it directly with this URL: https://ripple.com/xrp-portal/xrp-resources/xrpに関する6つの迷信/#english
     
  4. enej liked a post in a topic by warpaul in Why we need MM program   
    Hi Tulo,
    We truly appreciate the effort you've put into market making on RCL - it doesn't go unnoticed!
    RCL is definitely a unique trading environment, so I tip my hat to anyone with the knowledge and skill to profitably add liquidity to the market.
    You may have noticed that we have been testing a market making program on RCL for the last several months and we have learned a lot in the process.
    We're about to deploy a new feature on RCL called TickSize, which will help to eliminate bots fighting over the tip of the order book (a problem we routinely encountered while testing the MM program).
    Larger tick sizes have also been known to benefit market makers by:
    Reducing spreads Promoting liquidity Increasing price discovery  Decreasing transaction spam Decreasing ledger churn and metadata sizes Bringing more scalability and transparency to order books These are all benefits that will help improve our efforts to expand an institutional market making program to a wider audience.
    Hope that helps to clarify things a bit more  
  5. enej liked a post in a topic by tulo in Why we need MM program   
    I may be biased as MM but I explain to you my MM experience.
    My little bots are moving around 2-300.000 USD equivalent in 24h. Not a big investment but still...
    Out of this movements I'm paying every day around 400-600 USD as transfer fee! It makes 12k USD I'm paying to gateways every month! And this for a very little income in comparison, even going negative some time. It's a while I'm planning to stop the bots because gateways are eating all the income, reducing Ripple capitalization by 150.000 USD equivalent each month (in two years now we'd have 3.6M more value issued on Ripple). Of course the gateways have to gain with their work and IOUs and the transfer fee is fair, but by introducing MM incentive, it would be possible to reintroduce that capital into Ripple.
    But again I'm biased
  6. Bejzbox liked a post in a topic by enej in noob question. Whats the difference between Gatehub and Bitstamp? Any obvious pros or cons of either?   
    Agree!
    GateHub did everything we could to keep your secret keys safe (using end-to-end encryption) but as @JoelKatz said nothing can beat cold wallets for large amounts of XRP.
    If you use GateHub make sure to use strong password and enable 2-Step verification.
    @Bejzbox I suggest you try both and decide for yourself. GateHub offers better native ripple experience and direct access to RCL while Bitstamp might have better tools for trading.
    Looking at the future, we hope to enable support for multisign in GateHub Wallet later this year.
     
  7. Bejzbox liked a post in a topic by enej in noob question. Whats the difference between Gatehub and Bitstamp? Any obvious pros or cons of either?   
    Agree!
    GateHub did everything we could to keep your secret keys safe (using end-to-end encryption) but as @JoelKatz said nothing can beat cold wallets for large amounts of XRP.
    If you use GateHub make sure to use strong password and enable 2-Step verification.
    @Bejzbox I suggest you try both and decide for yourself. GateHub offers better native ripple experience and direct access to RCL while Bitstamp might have better tools for trading.
    Looking at the future, we hope to enable support for multisign in GateHub Wallet later this year.
     
  8. Bejzbox liked a post in a topic by enej in noob question. Whats the difference between Gatehub and Bitstamp? Any obvious pros or cons of either?   
    Agree!
    GateHub did everything we could to keep your secret keys safe (using end-to-end encryption) but as @JoelKatz said nothing can beat cold wallets for large amounts of XRP.
    If you use GateHub make sure to use strong password and enable 2-Step verification.
    @Bejzbox I suggest you try both and decide for yourself. GateHub offers better native ripple experience and direct access to RCL while Bitstamp might have better tools for trading.
    Looking at the future, we hope to enable support for multisign in GateHub Wallet later this year.
     
  9. Bejzbox liked a post in a topic by enej in noob question. Whats the difference between Gatehub and Bitstamp? Any obvious pros or cons of either?   
    Agree!
    GateHub did everything we could to keep your secret keys safe (using end-to-end encryption) but as @JoelKatz said nothing can beat cold wallets for large amounts of XRP.
    If you use GateHub make sure to use strong password and enable 2-Step verification.
    @Bejzbox I suggest you try both and decide for yourself. GateHub offers better native ripple experience and direct access to RCL while Bitstamp might have better tools for trading.
    Looking at the future, we hope to enable support for multisign in GateHub Wallet later this year.
     
  10. Bejzbox liked a post in a topic by enej in noob question. Whats the difference between Gatehub and Bitstamp? Any obvious pros or cons of either?   
    Agree!
    GateHub did everything we could to keep your secret keys safe (using end-to-end encryption) but as @JoelKatz said nothing can beat cold wallets for large amounts of XRP.
    If you use GateHub make sure to use strong password and enable 2-Step verification.
    @Bejzbox I suggest you try both and decide for yourself. GateHub offers better native ripple experience and direct access to RCL while Bitstamp might have better tools for trading.
    Looking at the future, we hope to enable support for multisign in GateHub Wallet later this year.
     
  11. enej liked a post in a topic by JoelKatz in noob question. Whats the difference between Gatehub and Bitstamp? Any obvious pros or cons of either?   
    If you're planning to hold large amounts of XRP for a long period of time, I strongly recommend using a cold wallet where you, and only you, know the private key (or secret).
    Using ripple's native multisign is even better, but we don't really have good client-side tools for that .... yet!
  12. enej liked a post in a topic by Professor Hantzen in noob question. Whats the difference between Gatehub and Bitstamp? Any obvious pros or cons of either?   
    Gatehub is a Ripple gateway, this means that when you trade on their platform you are seeing bids & asks from the Ripple network itself.  As such, it is possible to trade any asset on the Ripple network using the Gatehub interface.  It is built on, and has the same principles as the original Ripple Trade wallet/account, but with more features.

    Bitstamp is a proprietary exchange, that deals in BTC, EUR, USD, and - as of next week - XRP.  It also has a built-in Ripple bridge for its BTC and USD IOU's, this means you can send and receive BTC.bitstamp and USD.bitstamp Ripple IOU's (assets on the Ripple network, not real BTC or USD) to and from Bitstamp.  The bids and asks you see on Bitstamp are not the same as what is on the Ripple network, though I'm not sure yet how this will be affected in a weeks time when they launch XRP trading.

    As for pro's and con's, it depends what you want to do as to which is better suited to your needs, but in general most find Bitstamp's interface easier to use than Gatehub's.  Whereas Gatehub's support is more friendly, accessible and responsive than Bitstamp's.  With gatehub you may well be talking with the CEO - at least on this forum.  Bitstamp you tend to feel like just another number.

    Gatehub's interface will improve over time, it's a difficult thing they are trying to do and have to adapt to external changes given what happens with RCL and ILP.  Bitstamp can build it how they want - having designed it from the ground up and not having to tailor their solution to a set of external requirements.

    For you specifically, if you want to just buy XRP, you can only do that at Gatehub right now, but you can do it as of next week at Bitstamp too.  I'd simply pay attention to the price in that case - if you are ready and able to transfer USD to either exchange, check which gives you a better rate per XRP, taking into account their respective transaction fees.

    Finally, make sure you don't keep your XRP on either exchange - exchanges can be hacked.  Set up a cold wallet and transfer any XRP you want to hold, into that cold wallet.
  13. enej liked a post in a topic by winthan in Interledger, the year in review   
    I am testing the ILP nodes, It looks good for money transfer cross-border for client-wise. Node operators can issue IOUs in their own node with one currency ONLY, so there is one node for one currency.  And operators can issue any amount they want in their nodes for their operating accounts.  ILP set up the account(s) as the connector to connect with other nodes. So, then you can transfer the fund (IOU) btw the nodes which you setup for trust.  There is a good thing that node operators can earn from fund transfer. However,  liked you said it is too early stage. There is no RCL yet. So, I have seen that demo Gatehub and Bitstamp setup demo for sending money and peers to peers. It is what they did for transferring btw trust nodes. You cannot transfer the fund if you don't have any trust connectors btw your site and another site you want to send to. So, there should be a trust connection when the transfer is made. This is what I see with current ILP Kit.  and there is no XRP fees, no ripple dependencies at all yet.  

    Right now, if you wanna operate with current ILP for real funds, you should have to some agreement between nodes for settlements for your connectors. You have to review the balance of connectors and so and on. Please mind that the ILP kit is in very beta and early stage so far. And I feel that It is good for remittance services for across border, and make some money from money transfer.  ;P 
  14. enej liked a post in a topic by Vinnie in What are your views on XRP?   
    no, No, NO! I would be so pissed if someone did this, and I would imagine there are plenty of other people would would not want this either. As much as I dislike Jed's actions, blocking people in this fashion is completely immoral and violates the spirit of the network. It undermines trust in the ledger and constitutes abuse. Practically speaking it would destroy most if not all of the value of the currency. People would flee in droves, knowing that their balances could become worthless on a whim.
  15. enej liked a post in a topic by Hodor in What are your views on XRP?   
    @JohnnieWalker, thank you for posing you thoughts.  At first glance, I was almost immediately "TL:DR", but then I read it all, and was reminded why I got into Ripple and XRP in the first place.  There's been some negativity (justified, cathartic, or otherwise) on this particular thread, so it was nice to hear a new voice discuss their viewpoint. 
    Go Ripple, Go Vinnie!
  16. enej liked a post in a topic by JohnnieWalker in What are your views on XRP?   
    Hi Everyone
     
      Thought I'd weigh in on this.  For starters I'm new to the whole crypto world compared to most of you and it is apparent by reading these forums a lot less knowledgeable than most of you veterans here but nonetheless maybe thoughts from a new investor will give you some sort of value for your conversation.  As it starts I had very little guidance when it came to buying my first crypto. I had heard about it for a while but it was one conversation that took place I took a deeper look. Naturally I began with Bitcoin because it is the easiest and most clear route to gain access to anything else.  At first I wasn't interested in anything else.  I lucked out and bought bitcoin at a great time.  Profits were seen soon afterwards and my passion for bitcoin grew more everyday as I became more involved with the community. Then along came Ethereum and all its glory.  Ethereum was my path into the wicked world of alts.  I bought some at the beginning of its mainstream hype and made very quick profit.  I was very pleased to say the least.  As my knowledge in crypto gained it just so happened that one day I stumbled across ripple.  Someone in the trollbox was speaking highly of it and I decided to check it out.  It was well over a year as an amateur crypto enthusiast before I ever heard of Ripple.  Take that for what you will.  After researching the topic myself for many hours I decided this idea was worth investing in.
     
    So here we are and its about a year later.  Im still heavily invested in xrp.  At this point xrp is where I hold the most value.  Alot of people on here would probably view that as an unfortunate situation for me but Im completely fine with it because I believe in the technology and the target market which to my understanding is for large scale international settlements such as banks but perhaps and hopefully not limited too.   I don't believe Ripple has their eggs in one basket and if the banking thing doesnt take off then their still will be many use cases, lots of which will increase the value xrp.  Many of the complaints I see on this forum about the company I actually find to be positives. Yes I find it hard to watch as btc and alts make significant gains on nothing pure crap news, meanwhile Ripple very slowly depreciates in value or remains stable.  In the end however it is in my opinion that is silly to think that BTC could ever compete against the banking system.  Don't get me wrong there are uses for BTC but being as its history and how volatile it is I think it will be a long time before people can trust it and regular people just wont have a use for it.  Here comes xrp a coin that doesn't try to compete with the big boys but tells them heres a way to improve your system by a significant amount.  Huge interest is shown, millions of dollars being funded to xrp to continue to test and improve the system.  How could you not think this is going somewhere.  If I went into the bank and asked for millions of dollars for one of my many "great" ideas I would be laughed out of the bank.  There is something to this.  Not only that but an incredible development team leading things and making more moves than we could ever know without some sort of inside knowledge.  Which is another point people like to harp on.  Not enough noise coming from the ripple team. We the investors hear very little about the future plans of xrp which again I think is an intelligent move on Ripples part.  They leave us in the dark because they dont need the hype they dont need the pump and dump mentality with this early market.  If their short term plan was to make a quick buck you can bet they could have created a lot of noise and dumped billions more of zerps on us and been out by now. This just isnt the case and it seems to me that this is a calculated move on ripples part to prove to the big investors that this is a safe place to put thier money and with only 220 million market cap they will get first chance to invest deeply and keep control over the system.  
     
    I guess my last point is, despite unpopular belief, I do not care how the value of my xrp stack up against btc right now.  BTC is a monster right now and sure if i would have put everything Ive invested into crypto purely into BTC I would have wound up in a much more finacially friendly time in my life but if you want to live life that way than why didn't I invest everything into Potcoin when I first came to Poloniex.  It happened to be the first alt on poloniex I bought after showing up with some ethereum for a test.  I bought roughly near 100 sats and sold around 5000.  Too bad it was only a 10$ test run but lets face it I would have to be crazy to invest the farm in such a coin.  I certainly dont believe in it but i do believe in Ripple / xrp.  I do think it has a future and a plan to take it there. Time will tell, my ripple is tucked away till then.  If I lose it all then I took a chance and it didnt work out. The way I see it I have a lot to gain and a little to lose.  Anyways just my two cents.  Been great getting to know the other views in the community and I will continue to be a part of xrpchat even though its been a little depressing lately.  Lets face it, you wouldnt be here if you didnt see a future in the company so keep your head up, its coming soon..... I hope.
  17. enej liked a post in a topic by JoelKatz in How to totally remove trustlines ?   
    I forgot to mention that the quality must be set to its default, zero. Setting it to 1,000,000,000 is not considered a default value. We should probably change that so that a quality of 1,000,000,000 is not considered non-default, since that's the effect you get by not setting a quality.
    Actually, that may not be the issue. I noticed that no_ripple is not set on that trust line. Since DefaultRipple is not set on the account, no_ripple is the default. So the line must be set to no_ripple to be in its default state.
  18. enej liked a post in a topic by kanaas in Everyone in the bitcoin media probably owns bitcoin   
    I guess it wouldn't be that difficult to relaunch something like Computing for Good by way of Ripple gateways. I understood from @enej that Gatehub has ears to such an idea. Ripple can easily deliver the daily amount of XRP. By doing it by those Gateways who show interest, there's at least the great advantage of having people already passed by the KYC registry what's useful to block potential gaming actions. Even if this would put some pressure on selling, it would at least add to the liquidity as well. Gateways can this way grow their business and number of clients and Ripple may experience more awareness and a growing community. And who knows, some Bitcoin or other blockchain services might show some interest in such a Ripple incentive as well, to result in more operational Gateways and more currencies served...
  19. Hodor liked a post in a topic by enej in GateHub 2016: A Year in Review (Email)   
    @T8493 it's probably best if you contact Global iD team directly if you want more information. They have a contact form on the bottom of the page here: https://www.myglobal.id/. While the company is still in the US there will soon be an office in EU too. Also you might want to read Global iD whitepaper also available on the GiD website.
    If you send me a PM with your name or email, I'll be happy to check if you have a GateHub Name or not.
    While the GateHub names are public (just like @twittername and ~ripplename), any personal information behind them is not.
    Global iD keeps a "placeholder" for all GateHub names. Once you log in with GateHub account using GiD app you can then claim the same Global iD name. No personal data will be transferred anywhere without your consent.
     
  20. zero-2-9 liked a post in a topic by enej in GateHub 2016: A Year in Review (Email)   
    Great question @joy!
    Hosted wallet suit the needs of the mass public better than any "native blockchain" wallet can (at the moment).
    Here are just a few reasons why:
    They are infinitely scalable Faster TX processing Easier to handle refunds Private balances and transactions Easier to recover funds (there are no secret keys one can loose...) Easier to protect (security) More "compliant" A bank can always "restore" your funds if you loose a card for example. If you loose your secret keys you're done. While some (including me and probably most of you guys) see this as a feature, the majority sees it as a problem.
    That's not to say that native crypto wallets are useless. Actually they are much better in some ways, but the technology that we need to keep them safe is in it's infancy. I would much rather see new FinTech startups start addressing these pitfalls instead of developing a new blockchain's everyday. I think that's the real reason why large wallet providers like Circle pivoted toward "hosted" model.
     
  21. Ant liked a post in a topic by enej in GateHub 2016: A Year in Review (Email)   
    As @Morty said, you'll be able to spend any currency.
    I should note that ILP and cards will only work with hosted wallets until RCL fully supports ILP as well. Even then the general public will probably be better off using hosted wallets - except if they are advanced users and they know what they're doing.
    To put things in perspective, we believe ILP and hosted wallets will become a replacement for bank accounts (again bank accounts, not banks) and PayPal's of the world while RCL will be used by Liquidity Providers (connectors to use ILP terminology) to settle funds faster than using wire transfers.
    The question is how open the ILP enabled institutions will be to supporting 3rd party connectors. This is why we are working hard to create a network(s) of gateways that will be using the same transaction protocols (ILP) and identity standard (Global iD). Both are needed if we want this to work between institutions that don't directly trust each other. And of course to keep regulators happy ...
     
  22. Ant liked a post in a topic by enej in GateHub 2016: A Year in Review (Email)   
    We are working closely with Ripple's ILP team to make sure we are 100% compatible with other entities.
  23. Ant liked a post in a topic by enej in GateHub 2016: A Year in Review (Email)   
    As @Morty said, you'll be able to spend any currency.
    I should note that ILP and cards will only work with hosted wallets until RCL fully supports ILP as well. Even then the general public will probably be better off using hosted wallets - except if they are advanced users and they know what they're doing.
    To put things in perspective, we believe ILP and hosted wallets will become a replacement for bank accounts (again bank accounts, not banks) and PayPal's of the world while RCL will be used by Liquidity Providers (connectors to use ILP terminology) to settle funds faster than using wire transfers.
    The question is how open the ILP enabled institutions will be to supporting 3rd party connectors. This is why we are working hard to create a network(s) of gateways that will be using the same transaction protocols (ILP) and identity standard (Global iD). Both are needed if we want this to work between institutions that don't directly trust each other. And of course to keep regulators happy ...
     
  24. Ant liked a post in a topic by enej in GateHub 2016: A Year in Review (Email)   
    We are working closely with Ripple's ILP team to make sure we are 100% compatible with other entities.
  25. Zen1 liked a post in a topic by enej in GateHub 2016: A Year in Review (Email)   
    Yes. For the time being.
    Someday in the future (definitely not in 2017) when both user's and the merchant's accounts (or wallets) support ILP, we might simply bypass Visa's/Mastercard's network and send TX off the rails (or inter-rails) via ILP. If not debit card will simply fallback to Visa's or Mastercard's network.
    This will take some time however because we'll need to have smart enough mobile wallets, merchant solutions (terminals) and ledgers that all supports ILP and GiD (Global iD).