enej

Gateway
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  1. enej liked a post in a topic by Max Entropy in Cryptocurrency Market Maker Rialto Will Use Ripple Technology and the XRP Asset   
    One of the best developers I have had came from this general area of Slovenia. The Rialto 'guys' here are all technically skilled in rigorous academic areas. They present their content well. Their white paper is excellent.
    Whether they can be successful, I really do not know, but they are a good bet... given the limited information available.
    I will put a limited amount into the ICO... I need more information about the ICO process. They appear to be handling the ICO as Ethereum did... as an auction.
    --
    If others have information, I would be interested in hear more.
    --
    I should say that I usually do not value Ph.Ds much... but it may be different in Eastern Europe. All the Eastern European and Russian software people I have met ARE very bright and focused people.
  2. enej liked a post in a topic by Hodor in Banks Are Now Using Ripple Technology: The Next Stage is Here   
    XRP has long been known within crypto-currency as the "banking coin", and rightfully so.  When all other alt coins were shunning the thought of working with banking and financial institutions, Ripple was busy determining exactly what would be a good fit for this industry.  The result, when compared with the other two *current* crypto leaders, is stark:

    (source: @thunderw in blog: https://files.acrobat.com/a/preview/746e9c4d-b240-4ea5-95f0-9237f2cceb13 )
    Banks, known for their incredible distaste for taking unnecessary risk, took a wait-and-see attitude, only recently signing onto the Ripple stack after the RCL has been successfully up and running, validating transactions with no issue for over five years now.  It's time has come, and banks are now eager to flock to the one choice that can guarantee liquidity and reduce their transaction costs by up to 42 % using XRP, even assuming initially high volatility for XRP price. (source: https://ripple.com/files/xrp_cost_model_paper.pdf )  
    Just How Many Banks Are Now In The Consortium?
    The initial number was staggering in its own right.  No less than 47 banks comprised the consortium that would use the "RC Cloud", which is Ripple's banking payments platform.  These banks were primarily based in Japan; the RC Cloud:
    (source: http://www.cnbc.com/2017/03/01/japanese-banks-plan-to-adopt-blockchain-for-payments.html )
    Not only that, but at the launch, it was indicating that Ripple's stack could handle domestic payments as well, which is no surprise for a network that can scale to tens of thousands of transactions per second (TPS) using its payment channel functionality (source: https://www.cryptocoinsnews.com/ripple-claims-transaction-thoroughput-now/)
    And Now Ten More In the Last Six Weeks
    47 banks is a massive inroad for Ripple into the market, but it hasn't stopped there.  10 more banks signed onto the global network.  These banks and financial institutions are more diverse, and expand the network's reach to include potential new markets:
    (source: http://www.the-blockchain.com/2017/04/28/ten-banks-join-ripples-global-payments-network/)  
    If you're wondering if Ripple is making fast progress with bank adoption, the answer is in the news....! 
  3. enej liked a post in a topic by JoelKatz in Ripple vs. Ethereum (Not the price, but the merits)   
    For banks to use some improved technology to facilitate their international payments, they need two big things.
    First, there's everything but the movement of money. That's governance, rulebooks, integration, compliance, and so on. Ripple is building this with things like Ripple Connect and the GPSG. When Ripple signs a bank, that bank buys Ripple Connect, a software product that integrates with their existing systems and permits the money to move various different ways. Often, when they first implement Ripple Connect, the money moves the same way it always has.
    You might wonder why banks would bother if the money moves the same way. The answer is that there are still huge benefits from using Ripple Connect instead of something like Swift, even if the money ultimately moves the same way. In particular, the transfer completes much more quickly, the fees are known in advance, and the success of the payment can be reported to the customer almost immediately.
    But to get the maximum benefit, you really want the money to move quickly as well. Imagine if someone receives a very large international payment and then immediately wants to send the received money over a domestic rail. If the receiving bank is sitting with a token that's only valuable on some particular international banking network that isn't the domestic rail. what can they do? They have to somehow sell that token to get whatever they need to make the domestic payment. In other words, to make a real instantaneous payment that settles, the received value has to already be at, or very close to, the receiving bank. This means someone has to have a pool of liquidity at or near that receiving bank.
    Traditionally, corporations that have to pay out around the globe maintain such pools themselves at their own expense. They keep, say, a pool of money in Thailand so they can pay out in Thailand. And if that pool runs low, they replenish it, taking a few days to do so. That means their pool of liquidity in Thailand must be deep enough to cover several days of anticipated payments in Thailand.
    RIpple's strategy is to incentivize the creation of such pools of liquidity to and from XRP in strategic payment corridors. One way we might do this is to pay those who place the best offers to exchange XRP for domestic liquidity in strategic areas. This will allow payments to not only be made fast but to settle fast because the recipient will receive legal title to funds that have already been pre-placed in their destination payment network. This is precisely what ILP makes possible.
    Ultimately, the improvement in efficiency (over just using Ripple Connect and traditional settlement systems) comes from having one big pool of liquidity rather than everyone maintaining their own. The pool will ultimately be dominated by whoever has the lowest cost of capital and the easiest way to move money into or out of that system (depending on the net flow).
    What we envision is that in a single, atomic ILP transaction, someone gains ownership of the funds at (or very close to) the sending bank in exchange for XRP which they send to someone who surrenders ownership of funds already at (or very close to) the receiving bank. This means instant payment and settlement without the need for the sender, the sending bank, or the receiving bank to maintain their own pool of liquidity.
  4. xh3b4sd liked a post in a topic by enej in Vote to add RCL markets to tradingview   
    Great idea @RafOlP!
    We are spreading the word:
     
  5. PurpleCow 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.
     
  6. germanos liked a post in a topic by enej in New to Ripple   
    Hi @Cjburns I just sent you 50 XRP. Welcome to GateHub
     
  7. DarthTrader liked a post in a topic by enej in what!! got an email from gatehub asks for reseting password   
    DO NOT CLICK ON ANY LINKS. THE EMAIL HAS NOT BEEN SENT BY GATEHUB !!!
    Anyone who has an example of this email please forward it to security@gatehub.net so we can take a closer look and take appropriate actions to take the scamming domain offline.
    Thank you.
  8. enej liked a post in a topic by gregor in GateHub Bitcoin withdrawals not being processed   
    We are having issues with our bitcoin processor (professional service provider). Fees for bitcoin withdrawals were set too low hence the withdrawals are note yet confirmed on the network. We are in contact with the provider trying to find the solution. If they wont provide with solution within hours we will double spent the withdrawals on the network and retry them but this process is slow and will take some time. 
    We apologise for the delays but the bitcoin network is highly overloaded in the last month and we are having issues we could not predict. Expect withdrawals to be processed today.
    https://support.gatehub.net/hc/en-us/articles/115003291285-My-Bitcoin-transaction-is-not-coming-through-what-s-going-on-
    You can also check confirmation statistics on bitcoin network here: https://blockchain.info/charts/avg-confirmation-time?timespan=30days&daysAverageString=7
  9. Mark555 liked a post in a topic by enej in A critical look at GateHub security   
    @lucky, we DO NOT submit passwords via GET requests anywhere on our site.
    We take security very seriously and it helps absolutely no one to write false information about our platform. If you have a valid security concern we invite you to disclose it responsibly on our Whitehat page: https://gatehub.net/whitehat
     
    Thanks for linking this @jn_r. We'll answer it as soon as possible.
     
  10. enej liked a post in a topic by Dxeed in I'd like to take over xrpchat   
    @lucky great proposition. Definitely going right along with you on this one!
    @karlos not exactly sure what caused you close the zerpbox especially right before Consensus, but fwiw thanks for reopening it for the next 2 weeks. Also, I'd like to thank you for xrpchat in general. A lot of people are/were very disappointed about it and they'll miss the fact that this community would not be without you, so again, thank you. This site and its community has been the primary reason for me investing in xrp. Can't be without these guys from here on out.
  11. enej liked a post in a topic by lucky in I'd like to take over xrpchat   
    Could not have been timed at a worse moment! The conference taking place this week is the most important event for cryptocurrency to this date!
  12. enej liked a post in a topic by lucky in I'd like to take over xrpchat   
    Oh and another thing: I promise to keep the site non-profit.
  13. enej liked a post in a topic by lucky in I'd like to take over xrpchat   
    So, chat has been removed from xrp*chat*. That's quite a bummer!
    I hereby offer to take over xrpchat, pay for the hosting costs, pay modeators in XRP if payment is required to keep it properly moderated. I'm prepared to chip in some real cash myself, but I may also try to raise funds from other stakeholders in a healthy discussion environment.
    @karlos if you agree, please re-activate the chat today, and contact me for the details on how to proceed, we can do this today.
    My plan is to migrate the site within three months to another platform hosted at xrp.chat, where moderation is builtin, using micropayments. I promise to do my very best to preserve the archive of old postings, which contains a ton of interesting content relating to the history of Ripple. I have a lot of experience with archives, I maintain one of the biggest archives in the world.
    If you don't want to hand over the website, I'll accelerate bringing up the alternative site sooner, but I will then not be able to preserve the archive.
    Under my control, discussion about alts is fine, to a certain extent. The extend is that you first need to earn minimal community reputation by talking about the main topic of the site, before talking about other topics is allowed. That seems completely natural to me, and will kill most of the uninteresting noise. I will also close down the "language sections", until there is a better way to separate those from the main discussions. Currently that separation is not clear, and alternate language sections further contribute to the noise.
  14. DarthTrader liked a post in a topic by enej in what!! got an email from gatehub asks for reseting password   
    DO NOT CLICK ON ANY LINKS. THE EMAIL HAS NOT BEEN SENT BY GATEHUB !!!
    Anyone who has an example of this email please forward it to security@gatehub.net so we can take a closer look and take appropriate actions to take the scamming domain offline.
    Thank you.
  15. svx_420 liked a post in a topic by enej in Hello from Ripple...   
    Hi @Tim great to see you here!
  16. enej liked a post in a topic by Hodor in Ripple Just Released Updated Tutorial on Payment Channels!   
    https://ripple.com/build/payment-channels-tutorial/
    The timing of this tutorial is perfectly positioned right after the very high-profile announcements yesterday, and serves to underscore their commitment to building on RCL and XRP with new partners. 
    Kudos to Ripple's tech team for putting out this very detailed and public-facing document describing the incredible options that this provides for banks and Financial Institutions!

  17. enej liked a post in a topic by kenrino in Urgent help is needed here   
    Your wallet is activated, you have 20 XRP, you can connect up to 2 trust lines (for example Gatehub.BTC & Gathub.ETH).
  18. enej liked a post in a topic by Closingbell2012 in XRP meme competition?   
    Love it. @enej and @gregor even Gatehub mentioned in the video
  19. Worknfish liked a post in a topic by enej in GateHub and Ripple Charts Problems - RESOLVED   
    We are happy to report that Ripple team managed to resolve the Data API issues which were causing problems to GateHub Wallet and Ripple Charts.
    Please note that Data API servers are still synching with the ripple network (RCL). Once the synchronisation is completed all transaction history and price charts will be visible again.
    All other functionalities depending on Data API such as our exchange page and price tickers are fully operational.
  20. Worknfish liked a post in a topic by enej in GateHub and Ripple Charts Problems - RESOLVED   
    We are happy to report that Ripple team managed to resolve the Data API issues which were causing problems to GateHub Wallet and Ripple Charts.
    Please note that Data API servers are still synching with the ripple network (RCL). Once the synchronisation is completed all transaction history and price charts will be visible again.
    All other functionalities depending on Data API such as our exchange page and price tickers are fully operational.
  21. Worknfish liked a post in a topic by enej in GateHub and Ripple Charts Problems - RESOLVED   
    We are happy to report that Ripple team managed to resolve the Data API issues which were causing problems to GateHub Wallet and Ripple Charts.
    Please note that Data API servers are still synching with the ripple network (RCL). Once the synchronisation is completed all transaction history and price charts will be visible again.
    All other functionalities depending on Data API such as our exchange page and price tickers are fully operational.
  22. Worknfish liked a post in a topic by enej in GateHub and Ripple Charts Problems - RESOLVED   
    We are happy to report that Ripple team managed to resolve the Data API issues which were causing problems to GateHub Wallet and Ripple Charts.
    Please note that Data API servers are still synching with the ripple network (RCL). Once the synchronisation is completed all transaction history and price charts will be visible again.
    All other functionalities depending on Data API such as our exchange page and price tickers are fully operational.
  23. Worknfish liked a post in a topic by enej in GateHub and Ripple Charts Problems - RESOLVED   
    We are happy to report that Ripple team managed to resolve the Data API issues which were causing problems to GateHub Wallet and Ripple Charts.
    Please note that Data API servers are still synching with the ripple network (RCL). Once the synchronisation is completed all transaction history and price charts will be visible again.
    All other functionalities depending on Data API such as our exchange page and price tickers are fully operational.
  24. Worknfish liked a post in a topic by enej in GateHub and Ripple Charts Problems - RESOLVED   
    We are happy to report that Ripple team managed to resolve the Data API issues which were causing problems to GateHub Wallet and Ripple Charts.
    Please note that Data API servers are still synching with the ripple network (RCL). Once the synchronisation is completed all transaction history and price charts will be visible again.
    All other functionalities depending on Data API such as our exchange page and price tickers are fully operational.