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Hodor

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Everything posted by Hodor

  1. Hodor

    Skepticism versus Wonderment

    That was an un-sourced comment because I think most people know about the big names that have tested it, confirmed the savings, and have done so publicly. If you're looking only at "live" projects, there are a handful, with Catalyst being the biggest one in the pipeline. Here is a comprehensive list: http://www.stedas.hr/infographic-companies-using-ripple-xrp.html
  2. Blog URL: https://xrpcommunity.blog/skepticism-versus-wonderment/ The pendulum between skepticism and wonderment is in motion: Find out more, along with all the latest news impacting XRP in my latest blog! 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: Warren Davidson signals that he's getting closer to resubmitting the Token Taxonomy Act. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple hosts Eva Kaili in an event in London; SendFriend secures more funding; Ahli Bank of Kuwait signs on with RippleNet; Ripple publishes information about a UBRI partner in Brazil; and Evan Schwartz kicks off the new Interledger forum. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Nobitex, an Iranian exchange, now offers a fiat pairing between the Iranian Rial and XRP; SpendCard now supports XRP; and Digycode enables French citizens to purchase XRP at ten thousand retail locations. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  3. Blog URL: https://xrpcommunity.blog/xrpl-labs/ XRPL Labs is awarded Ripple's Xpring funding! Learn more - with exclusive information from the team - in my latest blog: I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  4. Dan Morgan begins around 22 through 31 minute mark. Thanks for posting @xrpmommy!
  5. Hodor

    Skepticism versus Wonderment

    First mover advantage. We will dethrone BTC, but it's not going to be as quickly as I anticipated; we'll need industry adoption to fuel this battle. Initially I thought the market would just come to its senses, but I underestimated just how desperate some of the rhetoric would be from Bitcoin maximalists, and the lengths to which some of the early POW investors would go to malign the competition. We will prevail, but at cost, IMO.
  6. Hodor

    Skepticism versus Wonderment

    I meant it in a positive sense: i.e., we're not going anywhere means that 'we're not going away or being abandoned as an innovation.' Agreed. Ripple - with XRP - is poised to disrupt the mega-correspondence-banks like JPM. There is no reason for JPM to support Ripple in any way; their financial interests lie, unfortunately, with protecting an old mode of technology. The equivalent in 1999 would have been for the US postal service to start up their own AOL just as the AOL was being abandoned, IMO. While it would have been good for the US Postal service to use email, in its pure, unfiltered form, it's a free disruption to a closed model, and hurts the interests of the US postal service. We could never expect the US Postal service to be a fan of 'free email services' such as Yahoo and Hotmail. This is the same with no-counter-party digital assets vs. counter-party digital assets. JP Morgan will never support no-counter-party digital assets, since they would disrupt the correspondence banking model of charging exorbitant fees for a multi-day turnaround.
  7. Hodor

    Skepticism versus Wonderment

    The irony is that the news of JP Morgan getting into the 'game' so-to-speak, even if it's not a cryptocurrency, seems to have made people wake up to the fact that crypto isn't going anywhere. We are just getting started!
  8. If I'm not mistaken, you make the first statement, and then immediately refute yourself in the second one, correct? I'm not sure I understand why you're focused on XRP Charts TPS. That number is a reflection of current network load. Are you attempting to draw conclusions about business use of xRapid from network load?
  9. Although ILP was invented by Ripple, and typically the solutions and applications that use it have also included XRP, they are completely separate networks and technology. XRP has been around since 2012. ILP was invented in October of 2015. Sources: https://interledger.org/ https://www.xrp.co/xrp-ledger/ Another good post to reference that explains what Interledger is compared to Bitcoin's lightning network is here: https://forum.interledger.org/t/whats-the-difference-between-interledger-and-lightning/133/2 Usage of what? XRP and Ripple's xRapid are good to go. XRP is being used by many individuals and businesses, including Ripple's xRapid. Can you elaborate on why are you making this statement? Oh... and welcome to the forum!
  10. Hodor

    Welcome To XRPL Labs

    Source: https://ripple.com/insights/q1-2018-xrp-markets-report/ I'm no financial guy, but from what I understand, these 'market makers' essentially deepen the order books on exchanges for a price.
  11. Hodor

    Welcome To XRPL Labs

    The overall point you're making here is that "they could dump right now and affect the market." And that's an accurate statement on its face; however, even without the escrow, we (and they) know that an action like that would be highly detrimental to the market for XRP. We track them close by watching and verifying wallet movements, and they are transparent by publishing their amounts in the markets report. But your point stands as accurate. Well, there are two ways to look at it. The graph assumes that "50% is used per month." And with Ripple keeping 60% of the most recent quarter's escrow release (I covered that here), the graph could actually be accelerated. But that assumes that they are actually selling or distributing that 60% that they retained. This is where the transparency ends, because we don't really have detailed insight into how they manage the custody of XRP awarded to specific charities, projects, or Xpring investments. It's all NDA type of stuff. So I'm not sure I can agree - or disagree with your statement here. Ripple has been more transparent than a lot of other crypto championing organizations, but I think that your overall point is about the 'meaning of crypto', which is, essentially, decentralization, and the elimination of reliance on centralized trust and risk. And centralized token ownership is definitely part of the equation. Bitcoin has its massive "Satoshi" wallets, Mt Gox Trustee wallets, and early owner wallets. The Ethereum Foundation has $75 million in Eth. And while Ripple has placed the majority of XRP in escrow, I agree that it's not an ideal solution to the problem; it basically mimics the release speed of mining in POW. However, there needs to be a way of getting XRP into the hands of free-market participants that will use it for its intended purpose. And that's a trick that Ripple has to solve at some point.
  12. Hodor

    Welcome To XRPL Labs

    Agreed. Here's a quick brainstorm of ideas, but I'm not sure it's what Asheesh Birla was getting at. I think he was hinting at an industry-wide staking of XRP or something like that? He really doesn't connected it back to XRP. Here are some brainstorm ideas for short-and-medium boosts to speculative demand: 1) stake some with current holders based on percentage, with it happening in four successive stake events over the next year. This would cause a run-up in price based on speculative market interest alone. A microcosm of what to expect is to look at airdrops based on stake that other coin networks have had, and it's resulting stability and growth. 2) Sponsor a series of code competitions, with the winning project(s) receiving substantial Xpring funding. 3) Pick out existing / historical community devs that have a lot of sweat equity already, such as .... well all of them (20 + noteworthy projects?) and distribute a material chunk of XRP to them. Include websites such as xrp.co and XRPchat. 4) Lock a large chunk away long term. (L-T escrow). A combination of these would easily fill the cash reserves of Ripple - and all of us - causing an explosion in the entire ecosystem. But... perhaps it is better to be more circumspect about supply and only focus on utility-driven demand? Long term, it might be more sound, especially if the projected volumes from bank adoption are accurate. I think, honestly, that's what Asheesh was getting at: some sort of hybrid air-drop to banks and remittance processors to jump-start usage in cross-border transfers. But they'd need to have re-sale restrictions like crazy to prevent dumping. Even he acknowledges dumping as an issue.
  13. Hodor

    Welcome To XRPL Labs

    I could be wrong, but from the sounds of Asheesh Birla's latest blog, they might be giving this some thought... https://medium.com/@ashgoblue/why-doesnt-anyone-in-crypto-think-about-distribution-3974e5bf7318
  14. Hodor

    Welcome To XRPL Labs

    Your creation sounds like some impressive tech! However, the "DEX" portion of their creation is a GUI only; it allows full access to the native DEX of XRP, where IOS and XRP can be traded.
  15. Hodor

    Welcome To XRPL Labs

    Woot! Nice post @Julian_Williams! And I agree with this assessment: I know of at least 3-4 projects that deserve funding. Generally, I think Ripple likes to see a combination of criteria before they make the huge step of funding, but let's see what happens here in 2019!
  16. Hodor

    Welcome To XRPL Labs

    I think when it's complete, his OS will have a much more complete set of XRPL functions available than the Ledger currently supports. I'll flag him here @xrptipbot
  17. Hodor

    Welcome To XRPL Labs

    @tulo gets one misspelling pass! I've done that same thing so many times I've lost count.
  18. Literally 180 degrees wrong. The article only makes the point that Ripples products are not using ILP. What some twitter user says afterwards is just that - personal opinion.
  19. Great first blog, @moncho! The more I learn about this from your posts, the more I'm convinced that there is a lot of potential here to end poverty in meaningful ways using new tech. Imagination holds the answers, as well as our willingness to do something about it.
  20. Blog URL: https://xrpcommunity.blog/convincing-the-muggles-mainstream-crypto-adoption/ How do we make crypto friendly to those outside the market? I answer this question and cover all the latest news impacting XRP in today's blog! 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: A new study calls for a $9 trillion dollar digital banking market cap; and an SEC Commissioner publishes her recommendations for crypto rules of the road. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The Asian Banker publishes an interview with Navin Gupta; Eric van Miltenburg speaks on a panel discussion at Binance Blockchain Singapore in late January; and Ripple adds eleven new educational programs to their UBRI partners list. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: The number of XRP (funded) wallets breaks 1.5 million; Bitcointrade adds support for XRP; and Abra indicates that XRP holders will be able to purchase securities with their holdings in the future. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  21. Nice! I was always too bad at games to compete seriously. I agree completely. My background outside of crypto revolves around technology projects, and knowing what I know from that, it boggles my mind how fast Ripple and other XRP ecosystem participants have been moving. I can really see Coil (eventually) expanding rapidly if it can effectively monetize what it says it can. Twitch streaming comes to mind in the context of your post.
  22. Agreed. This one is a new ICO-funded wallet; I think it's good that there are so many of these to choose from, but part of me wonders if there won't be a consolidation at some point once a clear trusted leader is recognized. Buyback protection is something new. I can see a technical approach involving escrow to make it happen, I guess; I'll have to read their whitepaper when I have time.
  23. I agree; there's a huge demand for crypto investing that's prompting some very big players to invest. For me, just seeing the number of worldwide exchanges quadruple in one year... wow. It used to be very difficult to get money into crypto back in the day. Now newbies can easily own crypto the same day that they make the decision to buy some. It didn't used to be like that!
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