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squirrel

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  1. squirrel

    ILP & Lightning

    thanks for the reply. Does it mean that a user will open up a Lightning payment channel with one ILP node to then be able to pay/receive payment from anyone else also connected through interledger ? I agree there are some uncertainties. I am researching at the moment and I can’t find all the info. I was hoping for a detailed overview before I read the specs.
  2. Can someone describe in details what the ILP Lightning integration will look like - examples and possibilities. Also as per this article https://medium.com/interledger-blog/running-your-own-ilp-connector-c296a6dcf39a it is said that there might be an opportunity for ILP nodes to earn from this integration, can someone explain this as well as my understanding was that no fee was charged by ILP nodes themselves. “”We’re also working hard on bringing Lightning support to the network soon so there is likely to be a pretty lucrative opportunity, as a connector between XRP and BTC when that happens, so this is not just for goodwill either.””
  3. If I were to guess, the defensive tone of the first quote (the blah blah quote) may be due to the journalist putting emphasis on cost reducing and CEO not wanting WU management to seem inefficient or lacking in that regard. Profitability and cost effectiveness is a big deal for publicly traded businesses. The whole article gives a vibe of a company simply going through the contractual motion of testing a new supplier.
  4. Can't they file a counter-claim ? I'm just assuming ... ?
  5. Can Ripple seek a declaratory judgement in their counter-claim ?
  6. squirrel

    Monetary Authority of Singapore on Crypto

    FyI : Royal Bank of Canada a.k.a. RBC , a retail bank =/= Bank of Canada, the central authority in charge of monetary policy for the country. Cheers
  7. squirrel

    Cryptos not fully mainstream

    G Trends data is normalized, the numbers are not really indicative of absolute search volume. https://support.google.com/trends/answer/4365533?hl=en If you want absolute search figures, I recommend using Google Keyword Planner and using square brackets for exact match queries. Cheers
  8. Very interesting video interview. Thank you for sharing. If possible i'd perhaps change the title as to make it more obvious that it's a CNBC interview with John Burbank mentioning Ripple. I wonder too if they have exposure only through SBI and eBroker or if they also own XRP directly. He did say his top 3 coin holdings were BTC BCH and ETH. It could very well be that XRP is not top 3 in terms of USD value but still a significant number of coins. For example it could be that only their Special Opportunities Fund own more exotic coins & XRP, therefore a smaller position overall in the Passport Capital Umbrella, but still significant on its own. Rationally I think it's quite possible they only own SBI stock and not XRP as it's a less risky proposition with almost as much upside, except diluted - probably more liquid as well and less volatile. On the other hand, if one is to believe so strongly about blockchain as he seems to be - notice the increased hand movement when he answers the final question - one cannot ignore the potential of interledger and its native digital asset.
  9. @edm22 You are quoting the August 2017 article where essentially they laid out their expectations https://www.coindesk.com/swifts-cross-border-blockchain-trial-moving-next-phase/ This most recent article quoted by OP https://www.coindesk.com/swift-announces-successful-proof-of-concept-trial-for-dlt-platform/ explains the result of the trial testing, which you will notice says absolutely nothing about settlement speed & cost. Here is the conclusion of the latest article Still if anyone can find the original SWIFT report, I would like to read it. Cheers
  10. I read it more as meaning that the greater certainty will allow banks to retain just the right amount of funds in nostro accounts. I would be interested to know what % of nostro funds these freed up billions amount to. I'm not sure its material in the scope of the entire SWIFT network.
  11. In my humble opinion, what Swift is doing is almost irrelevant to Ripple/XRP success. I believe a better indicator is the adoption of faster&cheaper payment solutions - whether Omise, Circle, Alipay, Amazon-backed whatever. The more people and entities become used to pay and receive value instantly and at very low cost, the more pressure on banks and FIs to implement a solution like Ripple's, which SWIFT is definitely not.
  12. I can't find the actual report, but if I am not mistaken, the SWIFT DLT initiative is for realtime updates but not realtime settlement. It provides greater certainty as to what is happening but it does not make anything happen significantly faster or cheaper.
  13. squirrel

    Who would you want a Q&A with?

    +1 Arthur Britto
  14. squirrel

    Ripple Escrow Wallet Transaction

    I think you might have mixed up two different currencies. Indonesian Rupiahs (IDR) ≠ Indian Rupee (INR) I thought perhaps pointing this out would help you in your research. Cheers
  15. squirrel

    Weiss Ratings Hacked?

    This is the email announcement I have received from them about 50 minutes ago. You can see that they interpret a spike of Korean (I assume South Korean since they do not say) traffic as a DDOS. 100K uniques "in a matter of hours" as they say, "may be an attempt to thwart our release today." I would think it's not a major league DDOS by any stretch, as a proper DDOS leverages botnets that send traffic from everywhere, not from a single country which would be easy to block. In my humble opinion, if you can't manage 100K uniques from the same small, almost insular country in a matter of hours in 2018, it doesn't inspire much confidence. FOR IMMEDIATE RELEASE Wednesday, January 24, 2018 First Cryptocurrency Ratings Issued Despite Korean Cyberattack Bitcoin Gets C+ (“Fair”). Ethereum Is B (“Good”). PALM BEACH GARDENS, FL — Weiss Ratings, the nation’s leading independent rating agency of financial institutions, has released today the nation’s first-ever grades on cryptocurrencies by a financial rating agency, despite a massive Korean cyberattack on its website. Weiss gives Bitcoin a C+ (meaning “fair”) and Ethereum a B (“good”). None of the cryptocurrencies covered currently get a grade of A (“excellent”). Weiss Ratings staff was up all night last night fending off denial of service attacks from Korea, as evidenced by numerous mentions on Korean social media of a concerted call to bring down the Weiss Ratings website. “Earlier commentary on social media expressed considerable fear we were about to release negative ratings on their preferred currencies,” said Weiss Ratings founder Martin D. Weiss, Ph.D. “So this may be an attempt to thwart our release today.” Separately, Weiss experienced a surge in friendly visitors to the site. “Since our customers are almost entirely in the U.S., we rarely get more than small amounts of traffic from Asia. But last night, we had more than 100,000 unique visitors in a matter of hours, almost entirely from Asia, until early this morning, when more of the traffic rolled over to Europe. To handle the volume, our staff instantly expanded its server capacity on the cloud many times over,” Weiss said. What makes Weiss’ entry into cryptocurrency ratings significant is its history of independence and accuracy in other investment sectors, as noted by the U.S. Government Accountability Office (GAO), Barron’s, The Wall Street Journal, and The New York Times, among others. “Despite extreme price volatility, cryptocurrencies have a bright future and the potential to deliver unusually large profits to investors,” said Weiss Ratings founder Martin D. Weiss, Ph.D. “However, the market is hectic and confusing for investors. They need the clarity that only robust, impartial ratings can provide.” The Weiss Cryptocurrency Ratings evaluate price risk, reward potential, blockchain technology, adoption, security, and other factors. “Due to rapid changes in the data,” explains Weiss, “upgrades and downgrades are more frequent than in other sectors we cover.” Below is a sampling of Weiss Cryptocurrency Ratings, selected randomly to illustrate a variety of strengths and weaknesses: Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code. Ethereum (B), the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks. Novacoin (D) and SaluS (D) are weak in terms of both technological innovation and adoption. Steem (B-) enjoys a relatively good balance of moderate strength in nearly all the key factors considered along with a social network feature. “All else being equal, as a cryptocurrency overcomes its individual challenges, it’s likely to be upgraded promptly,” Weiss adds. Weiss Ratings, which began in 1971, rates 55,000 institutions and investments. Unlike Standard & Poor’s, Moody’s, Fitch and A.M. Best, Weiss never accepts compensation of any kind from the entities it rates. To learn more about the Weiss Cryptocurrency Ratings, go here. This site was established as a back-up and will be reachable until hackers discover it. Plus, those still having difficulty reaching Weiss Ratings websites can email crypto@weissinc.com. # # #
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