Jump to content

Rutski

Gold Member
  • Content Count

    3,155
  • Joined

  • Last visited

  • Days Won

    1

Reputation Activity

  1. Like
    Rutski got a reaction from Cesar1810 in Ripple Defence   
    The only problem with that is, and DS said it himself... they don’t have that much time to accomplish what they want, or something to that affects. If this takes a few years, competition  will slip under the door and are ahead. 
  2. Like
    Rutski got a reaction from Pablo in Ripple Defence   
    The only problem with that is, and DS said it himself... they don’t have that much time to accomplish what they want, or something to that affects. If this takes a few years, competition  will slip under the door and are ahead. 
  3. Like
    Rutski got a reaction from SquaryBone in Ripple Defence   
    The only problem with that is, and DS said it himself... they don’t have that much time to accomplish what they want, or something to that affects. If this takes a few years, competition  will slip under the door and are ahead. 
  4. Thanks
    Rutski reacted to nikb in 42,000 transaction per second?   
    XRP is a digital asset: it doesn't handle transactions. You must be thinking of the XRP Ledger. In benchmarks conducted by Ripple (see here for details), the test network sustained more 1,500 transactions per second for a period of 20 minutes. But note that that number is the result of a synthetic benchmark. The "main" live network, has never sustained such a large throughput of transactions and its ability to do so is dependent on a number of factors, including but not limited to the number of servers on the network, the performance of those servers, the network's topology (how the servers are interconnected).
    As for 42,000 transactions per second: the XRP Ledger cannot sustain that number. Assuming a single transaction is around 1000 bytes (to keep the numbers nice and round) then to merely transfer 42,000 transactions per second from one server to another would require upwards of 300 Mbps of bandwidth. And that's just to transfer from one server to another; consider that hubs often have several hundred peers. Beyond bandwidth, there are other factors to also consider, including the amount of time needed to execute transactions (keeping in mind that each transaction will execute at least twice), run the consensus process, etc.
    The reference to VISA-like throughput references the use of payment channels, which can be used to decouple payment from settlement. The idea is that if a large number of small payments are needed, a payment channel can be established between the two parties (1 transaction), and then any number of payments can occur off-ledger at whatever rate the two participants can support, before one of the two parties attempts to "settle" (another transaction).
     
    Wrong question. If your servers could go that fast, could others? If they could, could wallets and exchanges keep up with the network? Etc. Beyond that, as Sukrim asked, what's the use case you have that requires such throughput?
  5. Like
    Rutski got a reaction from Babelly in Ripple Defence   
    The only problem with that is, and DS said it himself... they don’t have that much time to accomplish what they want, or something to that affects. If this takes a few years, competition  will slip under the door and are ahead. 
  6. Thanks
    Rutski reacted to Pablo in Ripple Defence   
    Apologies - yes, I was referring to the SEC.
    I think the odds of the SEC coming away with some type of win are reasonably high. They might not get everything they want but they will likely come away with some type of victory.
    By that I mean that given the recent caselaw, there's a pretty good chance they convince a court that some form of investment contract was offered. They probably won't be able to prove that XRP itself was a security because the token itself lacks some important features of an investment contract. For starters, XRP is not a contract.
    However if the court can see past those hurdles and consider what Hellerstein in Kik referred to as the "economic reality" of Ripple's sales of XRP in the early years (say between 2012-2017), including the public comments made by Ripple, the inducements to market makers and partners etc, then the SEC's chances of success of proving some type of investment contract at some point in Ripple's past are much higher. And that's all they really need in order to fine Ripple, Brad and Chris and seek disgorgement.
    This is what some crypto lawyers have referred to a "pyrrhic" victory whereby the SEC "technically" wins elements of the case, hits Ripple and execs with fines, obtains some amount of disgorgement but essentially leaves Ripple and XRP intact. That seems to be the pattern so far. 
    The one exception to previous cases is that Ripple appears ready to fight this all the way - if they lose but appeal and decide to push a new "Ripple Rule", then all bets are off. If that happens, we could be watching this case for several years.
  7. Like
  8. Like
    Rutski reacted to mrhat75 in If you're still unsure of why BTC is > $24K while XRP is < $1 read page 27 and 28 of the SEC report   
    Even if Ripple gets absolutely gobsmacked from this and ODL and the company are destroyed...
    If so many other cryptos still get speculated on and don't have use cases, why does XRP need one?
    Some people are de-risking, but into what? Are you getting out of crypto as a whole?
    Ripple going bye bye puts XRP on equal footing with many other projects that nobody bats an eye about.
  9. Like
    Rutski got a reaction from WCH in Flare networks - Spark token to XRP holders   
    Not comfortable with all the steps in claiming spark. Not going to risk loosing my XRP. Going to sitting this one out. 
  10. Thanks
    Rutski reacted to mars75 in Ripple - The Dawn of Central Bank Blockchain Corridors   
    UPDATE (11-20-2020):

    https://boards.greenhouse.io/ripple/jobs/2455864
     
     


    REFERENCE: 

    https://www.coindesk.com/over-40-central-banks-are-considering-blockchain-currencies-davos-report?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic
  11. Like
    Rutski got a reaction from Scout in Flare networks - Spark token to XRP holders   
    Not comfortable with all the steps in claiming spark. Not going to risk loosing my XRP. Going to sitting this one out. 
  12. Like
    Rutski reacted to jf007au in Flare networks - Spark token to XRP holders   
    So if you have your XRP on a Ledger Nano you need to put back on a compatible Exchange for the Snapshot?
    If this is the case ... NOT happy to do so.   
     
     
  13. Thanks
    Rutski got a reaction from CountZerpula in Paypal cryptocurrencies   
    Hey @CountZerpulaany idea why one would be approved for custody and not for listing? What would be holding it back?
  14. Like
    Rutski reacted to thinlyspread in Ripple Looking Into Japan as One of Possible Markets to Relocate Its Headquarters to   
    Please please please come to London, Britain needs some positive news! 
  15. Thanks
    Rutski reacted to Dario_o in Ripple Looking Into Japan as One of Possible Markets to Relocate Its Headquarters to   
    Japan is likely to become a new home for Ripple, according to CEO Brad Garlinghouse
    https://u.today/ripple-looking-into-japan-as-one-of-possible-markets-to-relocate-its-headquarters-to
  16. Like
    Rutski reacted to jetbrzzz in Paypal cryptocurrencies   
    Sounds like a middle man skim operation to me.  Other than pumping the price of BTC cause now people are actually able to "buy" it, even though they don't really own it, I must be missing something.
    BTC is eventually going to be majority held in the wallets of these huge financials, PayPal, Grayscale, Fidelity. They're not allowing you to own the keys, so they're basically going to do all the transactions like bullion vault owners: some of Bob's "box of bullion" gets credited to Alice's "box of bullion", which is sitting right next to Bob's box on the shelf in the vault, the bullion never actually leaves the vault. They just move the boxes around on carts inside the vault. Heck, you could just swap name tags on the boxes in some vault transactions if they zero out the right way.
    Of course it'll all be digital but same principle. At least it solves the Bitcoin scaling problem, they won't even have to move BTC on the BTC network, just credit & debit their balance sheet cause they'll own 70-90% of all the BTC already. Ironic that Bitcoin's major flaw could be its saving grace. No need to scale, just plop it all down in a handful of centralized wallets then issue "pseudo-BTC" to PayPal, Amazon, whatever customers. Don't matter what you call it since they never own it anyway.
    The BTC maxis must be furious-not-furious.
    All I'll say is: not your keys, not your crypto. Not your vault, that's your fault. Possession is 9/10th of the law.
  17. Like
    Rutski reacted to CountZerpula in Paypal cryptocurrencies   
    It has to do with NYDFS
    XRP is approved for custody, but not litsing
     
  18. Like
    Rutski reacted to MisterRipple in Ripple partners with Lemonway   
    Wowwww this is UUUGEe! 
    A EUR-to-EUR corridor, this will unlock the great XRP potential!!!! 
    I think Brad decided to run the marathon as a pacer, leading the front runners and dropping out before the finish. 
    I guess this partnership is "laying the railway" and XRP will be utilised once "regulations, NDA and the magic potion" come into play? 

  19. Like
    Rutski reacted to peanut56 in Interview with Julia Chatterly about Digital Assets   
    https://twitter.com/jchatterleyCNN/status/1295790883716182017?s=09
  20. Thanks
    Rutski reacted to LeonidasH in Goldman Sachs FX Executive Director joins Ripple’s Global Institutional Markets team   
    https://www.xrparcade.com/news/goldman-sachs-fx-executive-director-joins-ripples-global-institutional-markets-team/
  21. Like
    Rutski reacted to jlr in Ibis adds Ripple connectivity to SWISSRoute, offering both Swift & Ripple in one platform   
    I have made rough estimation how big news RippleNet integration into SWISSRoute.
    Of course more accurate estimation can be made (ex. I wasn't working numbers from same date), but just I wanted to get some impression what it means in numbers.
    https://issuu.com/ibismarketing/docs/swissroute_total_messaging_brochure
    (2014 - 33 million messages/ MONTH - [SWISSRoute])  ~= 1 million messages / DAY
    https://www.swift.com/about-us/swift-fin-traffic-figures
    (2020 Jun - 37.9 million FIN messages/ DAY - [SWIFT])   [I am not sure if it's enough to calculate with only FIN messages]
    SWIFT handles 5 Trillion / Working day ==> 5 * 23 / 30 == 3.8 Tillion / DAY

    1/37.9 == 2.6% of SWIFT message go through on SWISSRoute.
    ===> 100billion $ / Day (if equally distributed) 
    ===> assume only 5% volume goes through on RippleNet of Total at first (because It seems RippleNet messaging part is far efficient than SWIFT).
    ===> 5 billion $ / Day on Ripplenet ==> "In Q2 2020, ODL accounted for nearly 20% of RippleNet volume." (https://ripple.com/insights/q2-2020-xrp-markets-report/) ===>
    1 billion $ / day XRP volume.
    Summary:
    I used rough estimations at several place and finally I got that the SWISSRoute integration might cause around (100 million - 1 billion $/ Day) utility volume growth on XRP ledger at first.
    Let me repeat myself: I might wrong...

     
  22. Like
    Rutski reacted to LeonidasH in Ibis adds Ripple connectivity to SWISSRoute, offering both Swift & Ripple in one platform   
    https://www.xrparcade.com/news/ibis-adds-ripple-connectivity-to-swissroute-offering-both-swift-ripple-in-one-platform/
  23. Like
    Rutski reacted to LeonidasH in New York securities lawsuit against Ripple moved to California   
    This is also happening in the background in California. Ripple's Liz Chien was a member of this group: 

    https://www.xrparcade.com/news/california-blockchain-working-group-recommends-regulatory-clarity-for-digital-assets/
  24. Like
    Rutski reacted to solid102 in New York securities lawsuit against Ripple moved to California   
    California is Ripples turf as it is where it is based. I view this as a positive thing.
  25. Like
    Rutski reacted to LeonidasH in New York securities lawsuit against Ripple moved to California   
    https://www.xrparcade.com/news/new-york-securities-lawsuit-against-ripple-moved-to-california/
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.