rippledigital

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  1. Zen1 liked a post in a topic by rippledigital in IOTA discussion   
    Just wanted to alert people to some really interesting tech, IOTA, which many of you already know about. I'd like to keep up with what's happening over there so I thought this could be a thread we can add related articles too. I think it's a potential rival to Ripple in some ways, in other ways not so. I find the project really fascinating with great ambitions and scope, and some amazing people on the team.
    NOTE: I do not own any IOTA tokens, but I would like to; currently seems a bit complicated to get some as it's still in early production. 
    Here's the best intro bits I could find:
    http://www.iotatoken.com
    More info:
    https://medium.com/@DavidSonstebo/iota-97592581f985#.w5vy7hut4
    Here is there last "year in review" type blog:
    https://medium.com/iotatangle/iota-year-in-review-year-in-preview-6de510696e02#.xcj0gajio
    Some quotes from various sources I found particularly interesting (bold mine): 
    I also asked around on the Slack channel about speed / confirmation time of transactions. I was told the more people use it the faster it potentially goes, and eventually a large-scale network effect means transactions settle in "seconds". So it possibly rivals Ripple/Stellar for speed too, once it's deployed properly. 
    For me it's further interesting because they've got Gideon Samid from BitMint onboard. My "hunch" right now is (and correct me with a cane if I'm off) that IOTA is going to be another testbed for BitMint's idea of tethered (fiat) digital money, or they're working together closely to co-produce something pretty big. So presumably there's a way to issue any token on the IOTA network (tangle), like Ripple issuances, and/or, the network can be forked and changed to accommodate central banks / mints / banks who issue or govern the issuance of fiat currencies. Very interesting if so!
    Would love to hear you guys' thoughts...
    RipDig
  2. rippledigital liked a post in a topic by kanaas in Mastercard testing Ripple for cross border B2B payments...   
    Allianz and Everledger work or at least test with Ethereum
  3. rippledigital liked a post in a topic by zerpdigger in IOTA discussion   
    some interesting slides from the recent berlin talk (there was a lot on use cases but i can't be botherd to post):








     
  4. nik liked a post in a topic by rippledigital in Memories-the first 4 years   
    The day that @heartbit_io first predicted that... well, you know the rest.
  5. nik liked a post in a topic by rippledigital in Memories-the first 4 years   
    The day that @heartbit_io first predicted that... well, you know the rest.
  6. Mercury liked a post in a topic by rippledigital in Why do we pay taxes?   
    Right. Which is precisely the reason central banks and economic policy arise, because trying to tame the wild beast of money is so incredibly mind-bendingly complex. I think the libertarians have far too simplistic view of money and monetary policy, personally, and that they like to paint governments and banks as necessarily complicit in some kind of vague evil conspiracy to exploit the masses. Maybe in some countries, but in general they are good people trying to protect the public. So I think that it is a bit naive. Yet these anarchist folks are also unwittingly acting as a very necessary check on power (which will occur in ANY system – but I would say ESPECIALLY in a libertarian/anarchist society) in a similar way that the press does (or should).
    Money also acts like a product – libertarians never seem to take issue with a company "creating products out of thin air" and "diluting" the scarcity, and thus value, of say, their individual bottle of wine or fidget spinner! I understand the counter arguments here, i.e. that money is fundamentally different when it acts as a unit of account; but that is precisely my point – money must also expand and scale to keep up with new people (birth/death rate) and growth cycles, endless economic challenges (theft, hoarding, cost of production, etc) and constant new demand (welfare, military, couch potatoes, whatever). Its network effect can ONLY be achieved by a nation state monopoly converted to a public utility, and not purely by market forces.
    Inflation and QE etc also seem to get a bad rep because people think of them like a kind of dilution of value or even outright fraud/crime. I don't see it that way. I blame Alex Jones style YouTube videos with "amateur economist" theories for that. Money (as in fiat) is a public utility, like it or not; it is secured by its nation's tax collateral and backed by economic activity, as well as its military and intelligence agencies working to protect their civilians from foreign threats.
    When there are libertarian attempts at "private" money systems, e.g. bitcoin, they are inevitably fraught with the same similar distribution/inequality type issues that nations struggle with! That's the great irony. Or Austrians will worship gold – without any clue as to how manipulated the gold markets are, and how much rests in so few hands, etc.
    Understanding is all about context, never about ideology. There are times inflation/deflation are good, and times when they're bad. Finding the sweet spot is incredibly difficult – for the most part I trust the professionals.
  7. Mercury liked a post in a topic by rippledigital in Refactoring money   
    Agreed, governments add a legal/moral aspect to the otherwise entirely functional purpose of money.
    I concluded a while ago that many societal standards require enforcement, and that the final agent of that enforcement is government. Finality ultimately gets achieved by force or threat of it, like it or not. That's just nature. However, the upside to enforcing standards is that, well, standards are if not necessary for a certain stage of human development then certainly incredibly helpful to the point of being world changing, e.g. rail tracks, shipping containers, law itself, etc.
    Human beings will inevitably gather around agreed standards whether those later be considered moral or immoral through the course of history. Since we therefore must have a standard of justice, etc, then we should probably apply it to money too, as a public utility.
    That's my take anyway.
  8. PunishmentOfLuxury liked a post in a topic by rippledigital in News: Bitbank Live (confirmed)   
    Looks like they started trading:
    https://bitbank.cc/trade/xrp_jpy
    Nice to see more markets coming online.
  9. Mercury liked a post in a topic by rippledigital in It is proof! XRP price.   
    You just broke my eyes
  10. Mercury liked a post in a topic by rippledigital in Why do we pay taxes?   
    Right. Which is precisely the reason central banks and economic policy arise, because trying to tame the wild beast of money is so incredibly mind-bendingly complex. I think the libertarians have far too simplistic view of money and monetary policy, personally, and that they like to paint governments and banks as necessarily complicit in some kind of vague evil conspiracy to exploit the masses. Maybe in some countries, but in general they are good people trying to protect the public. So I think that it is a bit naive. Yet these anarchist folks are also unwittingly acting as a very necessary check on power (which will occur in ANY system – but I would say ESPECIALLY in a libertarian/anarchist society) in a similar way that the press does (or should).
    Money also acts like a product – libertarians never seem to take issue with a company "creating products out of thin air" and "diluting" the scarcity, and thus value, of say, their individual bottle of wine or fidget spinner! I understand the counter arguments here, i.e. that money is fundamentally different when it acts as a unit of account; but that is precisely my point – money must also expand and scale to keep up with new people (birth/death rate) and growth cycles, endless economic challenges (theft, hoarding, cost of production, etc) and constant new demand (welfare, military, couch potatoes, whatever). Its network effect can ONLY be achieved by a nation state monopoly converted to a public utility, and not purely by market forces.
    Inflation and QE etc also seem to get a bad rep because people think of them like a kind of dilution of value or even outright fraud/crime. I don't see it that way. I blame Alex Jones style YouTube videos with "amateur economist" theories for that. Money (as in fiat) is a public utility, like it or not; it is secured by its nation's tax collateral and backed by economic activity, as well as its military and intelligence agencies working to protect their civilians from foreign threats.
    When there are libertarian attempts at "private" money systems, e.g. bitcoin, they are inevitably fraught with the same similar distribution/inequality type issues that nations struggle with! That's the great irony. Or Austrians will worship gold – without any clue as to how manipulated the gold markets are, and how much rests in so few hands, etc.
    Understanding is all about context, never about ideology. There are times inflation/deflation are good, and times when they're bad. Finding the sweet spot is incredibly difficult – for the most part I trust the professionals.
  11. Mercury liked a post in a topic by rippledigital in Refactoring money   
    Agreed, governments add a legal/moral aspect to the otherwise entirely functional purpose of money.
    I concluded a while ago that many societal standards require enforcement, and that the final agent of that enforcement is government. Finality ultimately gets achieved by force or threat of it, like it or not. That's just nature. However, the upside to enforcing standards is that, well, standards are if not necessary for a certain stage of human development then certainly incredibly helpful to the point of being world changing, e.g. rail tracks, shipping containers, law itself, etc.
    Human beings will inevitably gather around agreed standards whether those later be considered moral or immoral through the course of history. Since we therefore must have a standard of justice, etc, then we should probably apply it to money too, as a public utility.
    That's my take anyway.
  12. nik liked a post in a topic by rippledigital in Memories-the first 4 years   
    The day that @heartbit_io first predicted that... well, you know the rest.
  13. Mercury liked a post in a topic by rippledigital in Thread clutter - suggestion   
    Or maybe less harsh a punishment but just automatically merge into one megathread.
  14. Mercury liked a post in a topic by rippledigital in Validating & Tracking Node Incentives   
    That's really interesting JK, thanks. I am pleasantly surprised at so much interest from diverse parties. Very excited to see Ripple decentralise their platform and expand and scale over the next few years.
  15. Eik liked a post in a topic by rippledigital in It is proof! XRP price.   
    Can someone please draw a few colourful triangles on a chart, just to totally 100% convince me?
  16. Mercury liked a post in a topic by rippledigital in The Atlantic: Cryptocurrency Might be a Path to Authoritarianism   
    Ha!
    Side note: In general, really like reading The Atlantic. Good stuff on there.
  17. rippledigital liked a post in a topic by Mercury in The Atlantic: Cryptocurrency Might be a Path to Authoritarianism   
    Or pawned for the Sceptre of Delusions and the Cloak of Wilful Ignorance
  18. rippledigital liked a post in a topic by Roborovskii in Alternative Zerp Box on Discord App   
    I have created an alternative ZerpBox that could replace the current one which Karlos will be disabling on the 5th of June.
    This ZerpBox does not seek to replace XRPchat forum. All important information and discussions must still be posted here. This ZerpBox will be running on Discord which is similar to Slack but with inbuilt apps for Android & IoS (ZerpBox addicts rejoice!) Discord does also have the ability to run VOIP channels for which voice conversations can be enabled, or moderated discussions can take place. (Imagine a voice interview with Ripple staff while the rest of us listen in!) I don't intend to run extensive moderation, but will be contacting a generous number of guys here to volunteer. Channels will likely grow organically over time as the mods see fit. Discord downloads - https://discordapp.com/download
    Invite Link for ZerpBox - https://discord.gg/BDEXmAS
  19. rippledigital liked a post in a topic by Mercury in It is proof! XRP price.   
    I went overboard, wanted to be sure you got the message

  20. Eik liked a post in a topic by rippledigital in It is proof! XRP price.   
    Can someone please draw a few colourful triangles on a chart, just to totally 100% convince me?
  21. Eik liked a post in a topic by rippledigital in It is proof! XRP price.   
    Can someone please draw a few colourful triangles on a chart, just to totally 100% convince me?
  22. nik liked a post in a topic by rippledigital in Memories-the first 4 years   
    The day that @heartbit_io first predicted that... well, you know the rest.
  23. PunishmentOfLuxury liked a post in a topic by rippledigital in News: Bitbank Live (confirmed)   
    Looks like they started trading:
    https://bitbank.cc/trade/xrp_jpy
    Nice to see more markets coming online.
  24. nik liked a post in a topic by rippledigital in Memories-the first 4 years   
    The day that @heartbit_io first predicted that... well, you know the rest.
  25. Eik liked a post in a topic by rippledigital in It is proof! XRP price.   
    Can someone please draw a few colourful triangles on a chart, just to totally 100% convince me?