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King34Maine

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  1. Like
    King34Maine reacted to KarmaCoverage in Why are so many news outlets anti XRP   
    Just my opinion, but I think the early BTC community was attracted by the idea of running some code (mining) and getting something for seemingly nothing. Ignoring electricity costs was easier back then because mining was easier + less competition. 
    When XRP came around, they tried to engage the crypto community in a way that would mirror what the community was attracted to, "mining". So Ripple teamed up with Computing For Good, and people could contribute their extra compute power to Science projects, and earn XRP. I used to run all my office computers overnight for them.
    It didnt take too long for the hard core BTC folks to realize XRPL was better tech, and I think some saw that as threatening. Then when Ripple articulated the plan to work with Banks as Gateways on boarding value to the XRPL ledger.
    Around then Jed quit and started dumping to fund his "secret bitcoin project", which ended up not being Bitcoind, instead it was a copy of XRPL/Rippled with inflation added... aka Stellar
    Some time after that, the forum XTPtalk.com started having more inaccurate posts aka FUD. Then the owner started wanting Ripple to do something (I dont remember what), when Ripple didnt, he shut down the old forum.
    After that crypto Twitter got hostile towards XRP and they somehow got a lot of XRP folks accounts suspended, mine and a few dozen others. I think @haydentiff was the only one to get her acct reestablished. That's when I checked out of Twitter.
    Around 2017ish it seemed that the organization of the FUD improved, and multiple users would play off each other spreading the same inaccurate information.
    All that preceded the 2017 run up, so when the herd showed up to learn about crypto, about 90% of the material to read was "centeralized sh!t coin" "premined bankers coin". From there it became "it's a security". For the record I didnt buy ETH at launch because it smelled like an IPO, in time we will see.
    From there Wallstreet (I think) started buying crypto slowly till around 2020 when they are now gearing up to unload that crypto inventory to their Retail investors. So we hear BS like "you should have 1% of your portfolio in crypto".
    I'm not sure why, probably lawyers and to keep the competition unaware, but many of Ripple's partners have chosen not to disclose what they are working on, like BoA. Plus the big money center Banks, like Citi dont like this new network competing with their old correspondent banking network. I assume they have some lobby in DC with regulators.
    So in short, I think some folks are threatened by Ripple and their efforts to build an IoV, so... FUD everywhere, and no FAB unless you go to Ripple, know the code, or find this forum. It's been a wild ride. 
  2. Like
    King34Maine got a reaction from NotElon in XRP-L's smart contracts   
    Within the RippleX community of developers XRPL Labs is working native/XRPL-based smart contract functionality via an amendment called "Hooks." Flare Networks is a touring-complete Federated Byzantine Agreement (FBA) smart contract platform. The first Hooked article below explains/details the difference between native smart contract functionality (Hooks) vs Flare Networks (touring-complete).
    Hooked #1: Smart Contracts on the XRP ledger Hooked #2: Hooks & Security (Smart Contracts on the XRP ledger) Hooked #3: Tech Preview Release (Play with Smart Contracts on the XRP ledger!) Hooked #4: Every Microsecond Counts Hooked #5: Consensus Hooks GitHub Ripple also has Codius which was developed way back in 2015 by Ripple's former CTO, Stefan Thomas (now CEO of COIL). It has been pretty much in stealth-mode since then. In the Codius link I referenced, Stefan goes into the reason(s) Codius has yet to be fully realized. Recently, Stefan added a bit more color to picture on Twitter and how his and Evan Schwartz work on Interledger and Web Monetization provides the infrastructure that will help facilitate more rapid up-take of Codius (worth a read). On a recent podcast Ripple's current CTO & co-creator of the XRPL, David Schwartz, further elaborates as to the reason(s) Codius has yet to be implemented and his thoughts on Flare Networks.
  3. Like
    King34Maine got a reaction from Triceratops in I work for an international NGO that operates in 25+ countries - can we use Ripplenet directly?   
    I'm quite sure you can explain your situation (i.e. needs, expectations, time-line, benefits, costs, etc.) with representatives from Ripple's Sales/Customer Success division via the link provided above. They can forward you information regarding the platform to see if you think that your organization would benefit from RippleNet.
    Case Studies/Content Library: 
    https://ripple.com/customer-case-study https://ripple.com/content-library/ Quick Guide To RippleNet: https://ripple.com/wp-content/uploads/2019/12/RippleNet-Quick-Guide-Overview.pdf
    Note that when researching about the various solutions offered by Ripple you will come across: xCurrent, xVia, and xRapid (now ODL - uses XRP). These were three separate products offered by Ripple until they combined them into a singular platform (i.e. RippleNet). 
    Here's an old Cost Cutting Guide that Ripple put together for banks back in 2016. I'm quite sure a lot has changed since then, but it will give you an idea of the cost/benefits of using RippleNet and/or ODL (formerly known as xRapid): https://ripple.com/files/xrp_cost_model_paper.pdf
    Ripple's most recent product: https://ripple.com/insights/fund-instant-cross-border-payments-with-a-line-of-credit-from-ripplenet/
  4. Like
    King34Maine got a reaction from mistatee2000 in I work for an international NGO that operates in 25+ countries - can we use Ripplenet directly?   
    I'm quite sure you can explain your situation (i.e. needs, expectations, time-line, benefits, costs, etc.) with representatives from Ripple's Sales/Customer Success division via the link provided above. They can forward you information regarding the platform to see if you think that your organization would benefit from RippleNet.
    Case Studies/Content Library: 
    https://ripple.com/customer-case-study https://ripple.com/content-library/ Quick Guide To RippleNet: https://ripple.com/wp-content/uploads/2019/12/RippleNet-Quick-Guide-Overview.pdf
    Note that when researching about the various solutions offered by Ripple you will come across: xCurrent, xVia, and xRapid (now ODL - uses XRP). These were three separate products offered by Ripple until they combined them into a singular platform (i.e. RippleNet). 
    Here's an old Cost Cutting Guide that Ripple put together for banks back in 2016. I'm quite sure a lot has changed since then, but it will give you an idea of the cost/benefits of using RippleNet and/or ODL (formerly known as xRapid): https://ripple.com/files/xrp_cost_model_paper.pdf
    Ripple's most recent product: https://ripple.com/insights/fund-instant-cross-border-payments-with-a-line-of-credit-from-ripplenet/
  5. Like
    King34Maine got a reaction from KarmaCoverage in I work for an international NGO that operates in 25+ countries - can we use Ripplenet directly?   
    I'm quite sure you can explain your situation (i.e. needs, expectations, time-line, benefits, costs, etc.) with representatives from Ripple's Sales/Customer Success division via the link provided above. They can forward you information regarding the platform to see if you think that your organization would benefit from RippleNet.
    Case Studies/Content Library: 
    https://ripple.com/customer-case-study https://ripple.com/content-library/ Quick Guide To RippleNet: https://ripple.com/wp-content/uploads/2019/12/RippleNet-Quick-Guide-Overview.pdf
    Note that when researching about the various solutions offered by Ripple you will come across: xCurrent, xVia, and xRapid (now ODL - uses XRP). These were three separate products offered by Ripple until they combined them into a singular platform (i.e. RippleNet). 
    Here's an old Cost Cutting Guide that Ripple put together for banks back in 2016. I'm quite sure a lot has changed since then, but it will give you an idea of the cost/benefits of using RippleNet and/or ODL (formerly known as xRapid): https://ripple.com/files/xrp_cost_model_paper.pdf
    Ripple's most recent product: https://ripple.com/insights/fund-instant-cross-border-payments-with-a-line-of-credit-from-ripplenet/
  6. Thanks
    King34Maine reacted to KarmaCoverage in Polysign has Awaken   
    @NMNR
    Risk almost never disappears, but it can change forms / characteristics. 
    The Decentralized nature of XRPL is a change in Counterparty risk, from a centralized clearinghouse (ICE), towards a decentralized fee denominated in XRP.
    I've posted only a little bit about this, but realized it a few years ago. The "no Counterparty Risk" talking point just didnt set easily with me. That's like saying "we made Risk disappear", and there are very few examples of that actually happening. It's almost always true, that the Risk has changed forms, and is simply unrecognized in it's new form.
    That said, I do think this recharacterization of the Clearinghouse's Counterparty Risk, from a Central Counterparty like (ICE) to a decentralized set XRPL Validators represents a diversification of counterparties which should be a systematic improvement of Counterparty Risk. + other aspects that reduce systemic risk, like multi-hop & atomic settlement.
    Custody/PolySign is a sub-component or dependency of XRPL being a Counterparty.
  7. Haha
    King34Maine got a reaction from LeonidasH in Ripple strengthens presence in Poland   
    Damn bro.....you came back with a vengeance with all of the XRP/Ripple related information....Thanks!!! 
  8. Thanks
    King34Maine reacted to LeonidasH in Ripple strengthens presence in Poland   
    Currency One, a leading company on the online currency exchange market in Poland, has joined RippleNet.
    https://www.xrparcade.com/news/ripple-strengthens-presence-in-poland/
  9. Like
    King34Maine reacted to KarmaCoverage in SBI’s Yoshitaka Kitao: “After the current lawsuit, Ripple will go public”   
    I think this is a Duh statement. 
    I just watched the Brad Thinking Crypto interview today and he said (paraphrasing) "we need the SEC's blessing to go public... but we are sort of engaged in an issue with the SEC at the moment".
    An IPO is necessary IMHO because many interested parties will want transparency and visibility into Ripples operational moves.
  10. Thanks
    King34Maine reacted to LeonidasH in Ample Transfers, one more RippleNet member in Singapore   
    Ample Transfers, a cross-border payment services company based in Singapore, has joined RippleNet to power payments in real-time using distributed ledger technology.
     
    https://www.xrparcade.com/news/ample-transfers-one-more-ripplenet-member-in-singapore/
  11. Like
    King34Maine got a reaction from KarmaCoverage in Ripple Open To Burning Nearly 50 Billion XRP Locked In Escrow – CEO Brad Garlinghouse----GOOD of BAD   
    Exactly!!! The problem here is that most don't fully understand that XRP is integral to Ripple's overall business proposition and financial products (i.e. On-Demand Liquidity, Line-of-Credit, etc).
  12. Like
    King34Maine got a reaction from Seoulite in Ripple Open To Burning Nearly 50 Billion XRP Locked In Escrow – CEO Brad Garlinghouse----GOOD of BAD   
    Exactly!!! The problem here is that most don't fully understand that XRP is integral to Ripple's overall business proposition and financial products (i.e. On-Demand Liquidity, Line-of-Credit, etc).
  13. Like
    King34Maine reacted to KarmaCoverage in Ripple Open To Burning Nearly 50 Billion XRP Locked In Escrow – CEO Brad Garlinghouse----GOOD of BAD   
    Quite the opposite, the real true gold at the end of the rainbow for Ripple Inc... is to monetize the flow of value through the network. 
    I've made the analogy several times.
    - Fbook monetizes information flow (ads) through the network 
    - Google monetizes traffic flow (search) through the internet(work)
    - Railroads monetize material flow (people tickets &/or freight weight) through the rail network
    - Telecom monetizes call/data flow through the telecom networks.
    I hope you see the pattern. The key point is that if you want to be an infrastructure provider, the most lucrative business model is to "monetize the flow" through the infrastructure that you built. 
    For Ripple to get rid of their Escrow/value... they would be crippling their ability to "Charge Interest" on value flowing through XRPL (like fbook & goog giving up ad revenue, or a rail network not charging freight, or telecom giving away free access, or Visa not connecting TX fees).
    It's not burning the boats to squelch any thoughts of retreat... its disarming before the battle begins. Full blown strategic dumbassry. Ripple will be bigger that Google, watch.
  14. Thanks
    King34Maine reacted to KarmaCoverage in Ripple Open To Burning Nearly 50 Billion XRP Locked In Escrow – CEO Brad Garlinghouse----GOOD of BAD   
    Burning the Escrow would be equivalent to a general marching his army off to war/market, and blowing up all the ammunition to make sure the remaining ammunition is considered "more valuable".
    Completely stupid and counter to the mission. It's Asinine.
  15. Haha
    King34Maine got a reaction from retryW in Austin King of Strata Labs departs from Ripple   
    Maybe once he starts his new DeFi project Ripple will acquire it and bring him back into the fold. 
  16. Like
    King34Maine got a reaction from grunish in Vega and Logos?   
    Vega was not acquired by RippleX (formerly known as Xpring). They received an investment from RippleX October of last year to build/create decentralized derivatives products using crypto (in this case XRP) as collateral. I believe Vega just released their testnet and building out additional safety features. Algrim and Logos were the two acqui-hires. The Algrim team is building out Ripple's ODL (formerly xRapid) product and a trading/exchange platform for ODL with Ripple's partner exchanges. The acquired Logos team is working on DeFi infrastructure components to help demystify and lower the barrier for day-to-day crypto use for the general public who don't live and breath all things DLT/blockchain/crypto (i.e. platforms like PayID).
  17. Thanks
    King34Maine got a reaction from VanGogh in Vega and Logos?   
    Vega was not acquired by RippleX (formerly known as Xpring). They received an investment from RippleX October of last year to build/create decentralized derivatives products using crypto (in this case XRP) as collateral. I believe Vega just released their testnet and building out additional safety features. Algrim and Logos were the two acqui-hires. The Algrim team is building out Ripple's ODL (formerly xRapid) product and a trading/exchange platform for ODL with Ripple's partner exchanges. The acquired Logos team is working on DeFi infrastructure components to help demystify and lower the barrier for day-to-day crypto use for the general public who don't live and breath all things DLT/blockchain/crypto (i.e. platforms like PayID).
  18. Like
    King34Maine got a reaction from CountZerpula in Vega and Logos?   
    From my understanding things are still in the very early/preliminary stages as they've only released an internal testnet to hammer out and fine tune the platform before a Pre-Alpha release. Crypto-News-Flash.com did a interview with the founder, Barney Mannerings, earlier this year regarding their collab with Xpring, now RippleX.
  19. Haha
    King34Maine got a reaction from WrathofKahneman in Austin King of Strata Labs departs from Ripple   
    Maybe once he starts his new DeFi project Ripple will acquire it and bring him back into the fold. 
  20. Like
    King34Maine reacted to Julian_Williams in Austin King of Strata Labs departs from Ripple   
    what an interesting guy
  21. Thanks
    King34Maine reacted to WrathofKahneman in Austin King of Strata Labs departs from Ripple   
    Austin King, from the Strata Labs acquisition, worked on the ILP and co-authored PayString with @JoelKatz   I know there is much weeping and gnashing of teeth when Ripple employees depart, but his story provides good insight about why - and it has nothing to do with Ripple's prospects.  The short version is that he remains very bullish about Ripple but misses the small, creative milieu of running a startup; drawn to defi.  It's different working in a big company.  Blog definitely worth a read, if only to provide insight why people depart. 
    https://austinking.substack.com/p/why-i-left-ripple-1d5
    Also still active on twitter
     
  22. Thanks
    King34Maine reacted to Pablo in Discovery Dispute Letter Motion (Judge hands Ripple another victory vs. SEC?)   
    Some of their investigations go well beyond securities laws and the Ripple case. Why do this? I think it serves a dual purpose:
    There's the immediate benefit in this matter. Even if the SEC is setting up for settlement, they need leverage. Putting Ripple's customers and other regulators under pressure in their home country is what leverage looks like. Ripple can call that tactic "improper" but that's lawyer-speak for "effective". Secondly, the US regulatory environment is in gridlock in relation to crypto. The US can't simply lower the bar and remodel their laws to match other nations so the SEC is trying to push other countries to raise their bar a bit more. They can do this in several ways - not only by applying pressure on Ripple's partners and customers worldwide (which in military terms would be equivalent to cutting supply lines) but also by co-opting the SEC's own regulatory partners worldwide. Over time, these regulators will develop what, in international law terms, would be considered "Customary Law". Instead of formal laws and treaties, countries slowly move towards consensus regarding certain standards that ultimately have the same effect as formal treaties.
    Perhaps the courts can block the SEC from admitting evidence obtained from other jurisdictions. But the US courts are powerless to stop a British or Singaporean or Australian regulator independently investigating Ripple's partners/clients at the request of the SEC, particularly where this occured pre-litigation as happened here.
    As I warned in my own thread, the SEC may well resort to harsher measures to extract the outcome it is seeking, rather than meekly folding as many have predicted. They have played hard-ball so far even if not very effectively. Now that Gary the Great has been confirmed, we'll find out soon if there is going to be a change of attitude at the SEC.
  23. Haha
    King34Maine reacted to KarmaCoverage in Gensler Confirmed   
    Wish in one hand, sh!t in the other... 
    See which one fills up first.
  24. Like
    King34Maine reacted to mars75 in Ripple - India   
    UPDATE
    Indian stack being considered to incorporate cryptos
     
  25. Like
    King34Maine reacted to WrathofKahneman in SEC New Document Allows Investment In XRP   
    Well as I understand it, it's a record advisory companies are required to submit to the SEC, not an SEC publication.  All it really shows is Bailard was comfortable and thought it ethical to recommend XRP/BTC/ETH as a cryptocurrency, not viewing it as a security after their analysis because at that point there had been no regulation of the 3.  In court, you really want an affirmative argument - the SEC said "_______".  This document doesn't say that.  If Ripple could produce that it would be game over.  Instead, they have to use things like this to help demonstrate that the SEC did nothing to dissuade or correct SEC enforcement around XRP and therefore Ripple/Brad/Chris can't be sued for knowingly selling XRP in a way that constitutes selling a security. 
     
    So it's evidence, good evidence, but I suspect Ripple has even stronger notice from exchanges and funds that likely inquired directly given the transcript of the latest hearing (apologies for my own quote) - 
     
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