rippledigital

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rippledigital last won the day on January 13

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About rippledigital

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    tansu
  1. That's a good woman.
  2. The way I think about it – and I might be misunderstanding things, but – with Ethereum you can make programmable "smart money", which you cannot do with Ripple/Bitcoin etc. XRP is purposely "dumb" in that sense, since it doesn't want the unnecessary baggage to do what it's designed to do efficiently (bridge assets). In this way the "smart money" that's issued by banks etc can ONLY be used the way each money-token is designed. You can send money with conditions embedded. However, you may still need to settle up quickly or have other needs for which Ripple is the best solution, so there's nothing to say that Ripple (certainly ILP) won't be used at some point between these entities anyway. Really, we just don't know the details yet, because all this stuff is so complicated. That's why there are all these trials and consortia and prototypes. This isn't easy stuff, and there are lots of ways to do the same things, each with complex trade-offs and better or worse inter-operability should systems need to communicate. EDIT: Ugh, essentially what I'm saying is you can have smart contracts on Ethereum (or wherever) that still use Ripple as fx, settlement or financial rails in general.
  3. Yeah I noticed this – I thought it's because of the way the validator nodes work in Stellar vs Ripple? Or maybe some legal reason as to why Stellar could fulfill the role and Ripple (as a private entity for example) could not. But I'm not sure.
  4. Wow, really thorough article. Thanks for sharing – great read, most gloss over details like this. The financial system is bloody complex! Way more than most people realise. They just think it's "derp-derp print money derp", "banks evil derp". So I admittedly lol'd at the dig at conspiracy theorists (libertarians?!) re: fractional reserve.
  5. In fact I might start gathering a list of central bank quotes on this topic. There have been some crackers so far.
  6. This is why I don't think they'll issue fiat onto blockchains the way it's done with private cryptocurrencies. Blockchain is too risky, I don't care what proof of stake, proof of work, proof of bloody this-that-and-the-other is thrown at me, it's all potentially crackable and insecure and certainly in a way that isn't easily known statistically. Same goes for consensus systems like Ripple. One breach, the entire system is down. Central banks will never go for this! For Ripple or Bitcoin to fail is one thing, for the nation's entire monetary system to be breached is entirely another. I know I am a broken record, but the ONLY people I see solving this are the BitMint folks. And that is why central banks are working with them. We will be seeing tethered digital fiat, TRACKED on a blockchain, but not ISSUED from it. My 2c.
  7. https://medium.com/@bitmintnews/tethered-money-promises-a-new-balance-between-capitalism-and-socialism-2613742f1427#.w8xw06r6x
  8. I get the feeling they won't talk about the ones like they like. My gut still says the future is tethered fiat plus XRP for cross-border, all other coins essentially becoming useless eventually because any blockchain or other payments system can use some combination of those two. Central banks seem keen to keep it familiar: http://www.digitaltransactions.net/news/story/Security_-The-Battle-of-the-Bits
  9. Don't worry, the last laugh will be had eventually and the best tech will win out. Just remember the Twitter handles in future so you can gloat and be all like "told you soooo!" in their eggy faces.
  10. We are definitely witnessing a fundamental shift in global political and economic power, very exciting/interesting times.
  11. Just a tangential side note: the world map (cartographic) style that we commonly use displays Russia as frickin' enormous. In reality, the land mass is not as disproportionately yuuuuge as you'd think – clearly it's still the largest nation though, followed by Canada and USA, then China.
  12. Fantastic post. Really well thought out and insightful, bravo!
  13. Stellar are heavily focused on Africa it seems.
  14. https://blog.bitso.com/cómo-le-fue-en-2016-a-las-acciones-oro-bitcoin-y-el-dólar-69ea46650dd2