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Tako

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Everything posted by Tako

  1. Thanks, man! I need to up my game first by following them on twatter I guess!
  2. Hi guys! Do you know if there is still a possibility to join the beta test? Tried to set up MetaMask following the instructions that were in the FF Medium article (https://flarefinance.medium.com/welcome-to-the-flare-finance-beta-test-f0c2796af444) but MetaMask always displays the error message: "Could not fetch chain ID. Is your RPC URL correct?" (Chain ID is set to 0x1 as in the article...) I'm technically challenged (to put it mildly), so no idea if this is due to the test being finished (or FF not accepting new testers) or because of a glitch or for some other reason... Your
  3. I’m sure they will. Let people leaving their exchange be the torch that burns this light into their retina forever.
  4. Thanks for sharing your story, I hope you will find a solution to get your account unfrozen. I have some VET in Bitrue’s power piggy, but in light of the above I’m seriously considering getting all my tokens out of this exchange, and just forgetting Bitrue altogether.
  5. Ah, ok, I see now. I’ve never made distinction between cbdcs and cb issued digital currencies, thanks for pointing out the difference. Anyway, in that case CB issued crypto (not cbdc) may be used within target2..
  6. You are right. “Crypto asset” is a much broader definition, but they include CBDCs imho. My logic: just as cash is an asset class in itself, crypto asset can mean any dlt based cryptocurrency, including CBDCs. Maybe my understanding of crypto assets is not correct though. Do you have another definition for it, that makes it clear that CBDCs are not included?
  7. I’m not sure this news is about xrp per se, but it is clear that target2 opens up the possibility of using crypto assets for banks. We are concentrating on xrp here, but crypto assets can also be CBDCs or crypto (xrp?) backed stable coins, like kava labs’ usdx (or eurx in this case) that would make perfect sense as a value transfer tool providing instant settlement without a central counterpart (ecb) and prefunded accounts in the Euro zone.
  8. Was it ever confirmed that actually she said this, or was the quote just created by an xrp enthusiasts?
  9. As for the misterious 200M, isn’t it possible that Ripple simply bought back this amount from Jed? This way Jed could sell 200M at once (good for him) without affecting the market (good for Ripple). Win-win. There must be a point when Ripple thinks that the prices are low enough to spend some money on decreasing the obvious risk of having a renegade holding too much xrps...
  10. My understanding is that liquidity providers who lend XRP, or the owner of the XRP (e.g. banks, if they hold XRP for transactions) will be the ones who gain/lose on the slippage. If the sum of the transaction cost is positive, they just take it as profit. (In this case FX related cost of the transaction will be almost zero to the originator.) Otherwise, slippage will be part of transaction cost to the originator. However, do not forget, that originator will have choices, so if the loss due to slippage seems to be greater than the cost of the next cheapest transaction type (e.g. via nost
  11. Where there is smoke, there is fire. True, from a distance vapor generated by a fog machine can be mistaken as smoke. As all of us are distant observers, it is easy to fall for this trick. Healthy scepticism helps in not shouting fire every time, before a closer look of the source is possible, but total resistance of accepting the general wisdom (smoke=fire) can result in burn damage.
  12. OK, so the latest info is that he is bullish. Thanks God, that we got confirmation from him! The suspense was killing me.
  13. Apparently, a few days ago he thought that the bear market is still to come with lower prices. He must have re-evaluated his previous thoughts. Then, re-evaluated again, and deleted his tweet. Very consistent.
  14. I think we need to understand that Ripple’s XRP stack is a double edged sword. On the one hand, Ripple can use it to inject XRP to exchanges, so FIAT/XRP pairs, hence liquidity is increasing, which is an absolute must for increasing the chance of xRapid use. Whether these XRP „sales” to the exchanges are free of charge, below or above market price (or not even sales, but some sort of lending agreement) is irrelevant to the XRP market price, as the exhanges’ XRP stack do not represent a selling pressure on the market. By pre-funding exchanges this way, Ripple simply makes sure
  15. Great detective work! Do we know the 47 countries that are using UPU Clearing solution?
  16. One may say that people who developed some kind of emotional attachment to Ripple (or their investment in XRP) can be upset by a symbol that they do not feel fully representing their perceived idea/function/concept of XRP. (e.g. it is not powerful enough, it is a childish design, etc, etc) The big hoopla is therefore just an expression of these emotions. Others may argue that symbols have a very important role as an easily and "universally" recognizable, ultimately simplified carrier of complex ideas/ideologies and as such, their shape and form matters. People expressing their opinion he
  17. Isn't that fantastic? You can write it to look like the one above, and it will still be accepted as official. So, is it a good design, or not? ?
  18. The fact that the handwritten symbol/sign will slightly differ from the printed sign does not mean that the sign is a bad design. The bottom line is: Can you write it by hand easily? Yes, you can. Is the handwritten sign resemble enough to the printed version, so it is recognizable as the symbol so it can be differentiated from anything else? Yes, it does. Everything else is up to taste. PS: To be honest, I am not a big fan of this design, but honestly, as long as it serves its purpose and meets the above criteria, why should I care? It's just a symbol after all, noone
  19. Well, I beg to differ. It IS the symbol with my handwriting. You cannot expect anyone to meticulously write two separate lines with a tiny little gap between them in real life. Therefore, the handwritten symbol will always differ from the printed one, especially when written in one fluid stroke.
  20. With regards to the speed of implementation, I am not sure if I read it or heard it in an interview with a Ripple employee (might have been BG..) that what they do is that they talk with the CEOs. (i.e. they sell the idea of RippleNet to the top management) Obviously, implementation of a new technology at an FI can take time, but if the decision comes from the top it can definitely accelerate the process, as it means they put the necessary resources behind it right from the beginning and everyone in the organization will do their best in order for the project to succeed. (Compared to idea
  21. Considering that current methods of transfer (e.g. SWIFT) have fixed as well as proportional cost (if I know this correctly), I guess the % will depend on the value of the transfer. Lower value transfers may go through xRapid with higher % slippage, while higher value transfers may be rejected if the same % of slippage is expected.
  22. I guess we all speculate that xRapid use will increase the demand of XRP, and with the increased demand price will also appreciate. This is why we are here and this is the reason we bought XRPs. The devil is in the details though. My argument is (and @corak 's argument seems to be the same) that xRapid's direct use (i.e. the international transfers via xRapid) will not increase the price by itself. To understand what can possibly happen to XRP's market price during the use of xRapid (in case of one imaginary transfer of 100USD for 100CHF if CHF=1USD) you can refer to below table
  23. I posted an argument about the price neutrality of xRapid in the Zerpening thread, also referring to an earlier discussion. My post was like a fart in the wind in that thread, but maybe here it will stick better. Sorry, no idea how to copy it here, so I copied the link below. https://www.xrpchat.com/topic/20781-zerpening-3-hodl-my-zerps/?page=3927&tab=comments# It is all based on my limited understanding, so if you see any fault in my reasoning, please let me know. it is also worth to mention, that the argument is only about the DIRECT effect of xRapid on the XRP price.
  24. You're welcome. Please note that facts and fiction tend to mix in this forum (even though, here the situation seems to be much better than elsewhere, but still), and when you are in doubt (and you always should be if you, like me, has no prior knowledge of banks and international finance, etc,) the best practice is to check your facts. Getting above info and assess that most probably it has nothing to do with Ripple in any way took me approx. 5 minutes. If you want to understand what is this whole thing about, and you are a layman in this field like me, these 5 minutes are worth your time
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