rippledigital

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  1. Malloy liked a post in a topic by rippledigital in Some ILP questions in regards to alternative crypto   
    Open question to all: Do you think there's incentive for startups/devs like these guys, to hook up to ILP ahead of the curve, so to speak? I was thinking about this last night (my inner geek-thoughts); will the first ILP movers gain significant advantage, or will there be basically the same low-liquidity problems to start with? I suppose in the least, they have ILP experience – valuable knowledge seeing as how ILP is positioned to be the global standard for web payments. Perhaps they can even help to mould the future and come up with interesting ideas and features?
    Not sure, was just throwing it out there! Obviously for selfish reasons, we all want ILP to succeed (e.g. for RCL), but getting this thing going will really, dramatically change the financial landscape and help things like making expensive, complex cross-border payments (currently costing some friends of mine a small fortune) a more realistic option for millions of people. And micropayments, etc, etc.
    So anyway, kudos to the two devs on here making the move to ILP.
  2. karlos liked a post in a topic by rippledigital in RipDig's Monthly Beer Recommendation – Cheers!   
    Since @JaiChai's no longer around (*cry*), I'm going to try to fill that empty void with some beer recommendations. Just 'cos.
    This month I have been especially impressed with an English – specifically Yorkshire – ale. So we're kicking off with one of the best commercial beers I've ever had. It's a brain blasting 8-9% but drinks like nectar of the gods. It's dark and delicious, perfect for a cold winter night in. I like my thick rich stouts, and this is almost a stout in texture, but sweeter (not sickly!) and thankfully missing that sour tang some stouts exhibit.
    I found cool room temperature was good, but they recommend 11°C. Apparently Samuel Smith used really old oak casks for these, imbued with years of complex flavour. You really notice it in the taste. I got kind of toasted licorice and pipe tobacco notes; wonderful balance. It's also on a limited run, so I'm buying up a few while I can – cheers!
    Here it is: Samuel Smith’s Yorkshire Stingo

    http://www.samuelsmithsbrewery.co.uk/site/product/yorkshire-stingo/
    Rating: 10/10
  3. papa liked a post in a topic by rippledigital in Amazon Coin (FireTV)   
    I personally think these company coins will mostly die out if their use case is just loyalty money type schemes. Much better to use tethered smart-money, which is coming in the next decade. Takes away all the hassle and complexity of blockchain (or the minter would take care of that for a fee) and no one realistically wants to hold all these new lesser known tokens/whatevers, when it's more familiar to have dollars/etc tied to the given use case and with better fraud/theft protection etc.
  4. faz 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
  5. karlos liked a post in a topic by rippledigital in RipDig's Monthly Beer Recommendation – Cheers!   
    Since @JaiChai's no longer around (*cry*), I'm going to try to fill that empty void with some beer recommendations. Just 'cos.
    This month I have been especially impressed with an English – specifically Yorkshire – ale. So we're kicking off with one of the best commercial beers I've ever had. It's a brain blasting 8-9% but drinks like nectar of the gods. It's dark and delicious, perfect for a cold winter night in. I like my thick rich stouts, and this is almost a stout in texture, but sweeter (not sickly!) and thankfully missing that sour tang some stouts exhibit.
    I found cool room temperature was good, but they recommend 11°C. Apparently Samuel Smith used really old oak casks for these, imbued with years of complex flavour. You really notice it in the taste. I got kind of toasted licorice and pipe tobacco notes; wonderful balance. It's also on a limited run, so I'm buying up a few while I can – cheers!
    Here it is: Samuel Smith’s Yorkshire Stingo

    http://www.samuelsmithsbrewery.co.uk/site/product/yorkshire-stingo/
    Rating: 10/10
  6. MundoXRP liked a post in a topic by rippledigital in As India Goes Cashless, its Central Bank Researches Blockchain   
    I just think you can have your cake and eat it, without worry. If there's a digital money rollout (and I don't mean account-based money, or blockchain/Ripple, I mean true value-based digital "cash" proper, with the serial identifiers etc), then your money is protected exactly like cash. It's on your phone, tied to your ID, and sends in seconds over WiFi, bluetooth, whatever you like, because it's just an encrypted bit-string. The only difference to physical notes I can see is, the law courts could hypothetically order certain serial numbers cannot be redeemed, or must be tracked upon redemption. But this is surely a good thing to fight serious crime and corruption! And they could hypothetically try this with cash notes anyway, and make tellers note ID numbers. But it wouldn't be effective. 
    I dunno, I see central banks as fundamentally "good" entities trying hard to protect citizens from private and public infilitrated crime networks, who predominantly use cash. I get some of the counter arguments, but really the positives outweigh the negatives so incredibly much, I can't understand the resistance. 
    Of course, yes I agree with your and @Haydentiff's arguments about authoritarian regimes. But realistically, they're gonna screw you anyway, and cash isn't ever going to help you. And even then, surely the libertarians would prefer gold, copper or food supplies as a store of value!
  7. rippledigital liked a post in a topic by RedDragon in 2017: the year we get real?   
    XRP really needs a MAJOR UPWARDS SPIKE IN THE XRP PRICE soon to get people's interest... A lot of holders are losing interest..
  8. rippledigital liked a post in a topic by Sukrim in "A world without blockchain" (33C3) - Broad overview over the payment ecosystem   
    Maybe I overlooked it, but it doesn't seem to have been posted here yet.
    A ~30 minute talk about how payments happen in the backend of banks currently. Makes it probably easier to understand the business case for RCL and ILP I guess.
  9. Hodor liked a post in a topic by rippledigital in As India Goes Cashless, its Central Bank Researches Blockchain   
    I am, but I don't necessarily believe that cashless = centralised. And, centralisation is often very good, too. 
  10. Hodor liked a post in a topic by rippledigital in As India Goes Cashless, its Central Bank Researches Blockchain   
    But they "print" cash notes too, no? Yet you may deem that to be more decentralised. 
    I still think digital cash is the answer. Then you only need a phone/device wallet, not even a bank account, and your privacy is ensured. 
  11. rippledigital liked a post in a topic by Max Entropy in Some interesting Developments from China - RMBCoin   
    Thanks R8,
    I have a neighbour who is Hundu, they attended Catholic school in the north. I asked them about Modi and the currency switch. They said, it was a response to the corruption in the system, however, ZeroHedge had a more informed explanation... that the Telco's have a position in the financial space in India, and it is this reason that they moving to digital money, to kick start the tech sector. I would guess it would place India's Fintech on the bleeding edge given the number of cellphones, the size of the economy, etc.
    Your comment about 'perception management' is informative.
    Thanks
  12. rippledigital liked a post in a topic by R8102V1D2D in Some interesting Developments from China - RMBCoin   

    Sorry I am traveling a bit, So quickly answering you on two things u asked me, that is personal...

    I am Part American ( worked in US for 6 years as a Specialist in Financial tech and part Buckeye boy ) ,  Part Indian ( Born in colonial Bangalore and raised in a beautiful Catholic school - in a part Buddhist/Hindu family ) , and a large part British~Canadian Culture ( and Perhaps most of the language ) currently living in England. Hope that helps you.

    now China >>  Capital Flight has been prevalent, Bitcoin is currently 'already' facilitating the flight. They are trying to control using ineffective and dangerous methods (like regulating and scaring exchanges etc). but those are dangerous - the more they do it, the sneakier ways people find. at last - you can hold BTC it in ur wallet & no one needs to have a clue. This bothers them deeply, and this also drops Bitcoin in the same category as High Density Bullion, Sandalwood, Deer musk, diamonds etc . things 'printed' by nature
    system cannot effectively change their nature - so the next best thing system can do is manage 'its' perception. Perception management and management of relative fiat value is the only key that is available to the banking system. Examples are numerous  - LBMA, Comex shorting, Customs on special products, ban on movement of precious material .. on and on 
    Beijing desperately needs to make btc less attractive in a concrete way. it needs way to manage 'bitcoins' perception and 'usable' value - with that they can 'evade' trust on the asset class itself. What they need if the leveraged manipulative power. they can print as many Yuan's as they want. So in a mythical scenario... If i could print a billion of 'my' easy currency and buy manipulative powers to 'short' bitcoin - I could Evade 'trust' in the asset. Evasion of 'trust' . this my friend is the power the systems yearns for - on assets that's not printed by them. unfortunate truth this is.  
    at-least that's my take on it & with my regards, laters .. 
  13. rippledigital liked a post in a topic by papa in 2017: the year we get real?   
    Ripple's oversight consortium of banks formed to establish such standards. No?
  14. rippledigital liked a post in a topic by Hodor in 2017: the year we get real?   
    Maybe because Ripple addresses 3 out of 4? 
    The year of the pilot.  (Can we buy fuel with XRP?  Check.  Oh wait, they're talking another kind of pilot.  Still Check. )
    The year of the standard.     (Home Run -- ILP) 
    The year of the platform. (Swing and a miss, or maybe I'm wrong.  We need more software built on RCL first)
    The year of the attack.  (RCL & XRP are spam-resistant)
  15. rippledigital liked a post in a topic by pucksterpete in 2017: the year we get real?   
    i sure hope so
  16. R8102V1D2D liked a post in a topic by rippledigital in A Big Update!   
    Same thought crossed my mind, but then I took ILP validator just to mean the crypto conditions that bind an ILP transaction. Not sure though. Maybe they're re-pivoting again to a more ILP focused approach, with RCL quietly humming away in the background as one part of the whole mechanics. 
  17. rippleric liked a post in a topic by rippledigital in Some interesting Developments from China - RMBCoin   
    This is what's awesome about the possibilities of digital cash! It has the properties of cash (value-based money); but can also be moved on a ledger (account-based money). Bitcoin/Ripple cannot do this yet afaik. But BitMint can (I'm sure there will be other systems). With cash, your money doesn't need a corresponding ledger entry to move. But conversely, a new ledger entry doesn't require physical transmission.
    With cash you get privacy, almost anonymity. With ledgers, you don't. But digital cash can do both. You can keep transactions private but a court order can grant access to your funds. Or it can be done via your local bank / mint / submint. Whatever the particular regional setup is. Then they identify your public key and disable redemption for that particular bit string (or set of bitstrings).
    The future of money is going to be amazing!
    Because "technically" they are providing a service to you: they hold your money, keep it safe, and provide access, utility, etc. Technically! But I get your point about The System in general.
  18. R8102V1D2D liked a post in a topic by rippledigital in Some interesting Developments from China - RMBCoin   
    This really sounds like BitMint! In such a system, you'd deposit notes and get encrypted bitstrings on your phone; handy because you get to keep the money ID number system and port it to digital. So the central bank can trace the national movement of money. But the money itself can be tethered to contracts or ID, whatever, and spent like cash – because it equals exactly 1:1 a unit of the national currency. So they get stability. And it's accepted everywhere, and you don't even necessarily need an internet connection or blockchain to validate the transactions – very important aspect! Can be done at the point of purchase/sale if need be, or done later in batch, or in real-time if it was important i.e. low trust.
    This is the future of money! Amazing development.
  19. R8102V1D2D liked a post in a topic by rippledigital in Some interesting Developments from China - RMBCoin   
    Because it's issued by the central bank, this is a big deal. This isn't accounts at a bank when you deposit cash; we're talking instead about true digitised cash. My gut says it's closer to a BitMint system but I don't know. Digital cash is superior in every way if they can do it right. You get the best of both account-based and value-based money. You get privacy, but a court order could be granted to retrieve e.g. stolen digi-cash right from your device. Digi-money could be identifiable in that sense like an ID on a dollar bill (different from the generic and irreversible blockchain coin systems).
    Also, if you tether the digi-cash to your ID/phone/etc, and it gets stolen, the thief cannot use it! And finally, there's the argument that cash is dirty, both literally and metaphorically. It contains bacteria and crap, but it is also used anonymously by all kinds of nasty criminals and cartels. This has to be stopped.
    Paper money has to go, IMO. It's a legacy artefact. Although, if you were feeling nostalgic, I guess you could find a service that issues your encrypted bitstrings into a digitised coin or note with a spendable barcode or something!
  20. rippledigital liked a post in a topic by Xi195 in List of possible NBAD Ripple accounts   
    @ElMoskito @rippledigital

  21. Phintech liked a post in a topic by rippledigital in Tony Arcieri on A Protocol for Interledger Payments   
    Not sure if this was posted before – couldn't see it but mods please delete if so.
    Should automagically start playing at 36:00, if not just slide it forward.
     
  22. rippledigital liked a post in a topic by corak in B4 you give up on Ripple or XRP ask urself the Question...   
    I think at this point the open market for XRP is just a distraction, it's moving a few ten thousand USDs a day, less than the daily volume in an average OTC penny stock. The market for XRP, as far as it even has one, is made of private buyers (FIs / MMs) and private sellers (Ripple mostly). I don't think we can vote the price anywhere with our transactions. It's just small potatoes. This entire forum probably has 1/1000 of the total float combined at best, and most are just long term holding.
  23. rippleric liked a post in a topic by rippledigital in Some interesting Developments from China - RMBCoin   
    This is what's awesome about the possibilities of digital cash! It has the properties of cash (value-based money); but can also be moved on a ledger (account-based money). Bitcoin/Ripple cannot do this yet afaik. But BitMint can (I'm sure there will be other systems). With cash, your money doesn't need a corresponding ledger entry to move. But conversely, a new ledger entry doesn't require physical transmission.
    With cash you get privacy, almost anonymity. With ledgers, you don't. But digital cash can do both. You can keep transactions private but a court order can grant access to your funds. Or it can be done via your local bank / mint / submint. Whatever the particular regional setup is. Then they identify your public key and disable redemption for that particular bit string (or set of bitstrings).
    The future of money is going to be amazing!
    Because "technically" they are providing a service to you: they hold your money, keep it safe, and provide access, utility, etc. Technically! But I get your point about The System in general.