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About ADingoAteMyXRP

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  1. Yes, and from what I’ve read it’s ok to change delegations in the meantime — the Thursday lockins are snapshots, so you’ll continue to earn rewards for your initial choices during the period even if you change them now to get ready for next Thursday.
  2. “Also investing in the round were Blockchain.com, Race Capital, Sandia Holdings and PilotRock Investments.” Race Capital — investor in Binance and Settle Network, Citcoin (seems like they could benefit from an institutional custody solution), and Solana for high throughput blockchain app scaling... I’d say they’re most likely to want to use this tech themselves Sandia Holdings — Family investing arm for former hedge fund manager Ian McKinnon. Looks like he’s involved with several Cowen subsidiaries already so this may be passive capital? PilotRock — “PRI is a family investment office focused on investing in public and private equities and real estate projects in Miami and Fort Lauderdale.” Another family office. I have no idea how the VC world works but not shocked by these partners.
  3. I think it may be one of the reasons they’re staying low profile. Or they may be working with governments on pilots for CBDC custody and would need to keep quiet about that.
  4. The lede is buried a bit in the business wire article, but the big thing we learned is that PolySign has not just built digital asset custody (and world-class encryption and access provisioning to boot), but they have also built what sounds an awful lot like a P2P trade solution. Companies (or governments?) using PolySign will be able to trade or sell their digital assets to one another, settling directly via the custody solution’s built-in escrowing capability without having to go through an intermediary, OTC desk or exchange. But why would anyone want to do that? Aside from the ease of use angle, it bypasses middlemen and maintains high security standards. It also enables an ODL path that is absolutely mind blowing. Imagine if companies holding digital assets via Polysign could elect to participate in ODL as liquidity providers, by providing OTC style large block liquidity for high value transactions. This type of ODL path would bypass exchanges entirely, since it would effectively be facilitated by two P2P/OTC trades settled over Polysign. The scenario: Bank A wants to send $47M in value to Bank B... way too much for a standard ODL transaction at this point in time. But what if a liquidity provider in country A (LP1) has a PolySign account where they hold a large block of XRP. They sell XRP to Bank A, and that XRP is immediately dropped over Polysign escrow to a Liquidity provider in the Philippines (LP2) that also has a Polysign account. LP2 makes the final local payment to Bank B in PHP... and ALL of this happens atomically in about 60 seconds. I don’t know if this is the plan, but I have a strong suspicion it is. Because this more or less solves the biggest problem in ODL today, which is low liquidity and slippage. OTC desks are designed specifically to reduce slippage costs... so why not use that same approach with ODL? Why not? Because institutional custody solutions were not yet watertight enough to enable that kind of multiparty flow without risk. To dip their toe in that water, it was necessary to build something new, soup to nuts, to allow custody and automated trade in a way no major DA custodian had done before. If this is really what they’re doing, it’s game over for SWIFT.
  5. Wouldn't be surprised to see them go public with a SPAC merger when all is said and done, to avoid the additional regulatory overhead.
  6. Oof, looks like he bought the top on DOGE. Goes to show you, even the smartest people can fall for an irrational market. Waiting is always better than Trading imo. His substack article is an interesting read. Similar to my experience at a large company as well -- openings for senior positions tend to be hired in rather than promoted from within.
  7. You must have blinked at the wrong time! (Much like Yoshitaka Kitao). There’s a Standard Custody app on the App Store with some preview images. I think it’s only on Tim Apple’s phones though.
  8. Awesome interview! It did sound suspiciously like the XRPL's solution set. I wonder how many of the similarities are because Ripple is working with the Fed, as opposed to the Fed and Ripple both reaching similar technical conclusions when faced with nearly identical problems... but given the diversity of blockchain solutions out there, I'm leaning toward the former. DS has spoken a bit about how Ripple is creating independently run copies of the XRPL for their CBDC products... it wouldn't surprise me if one of those ledgers was this proof-of-concept. To get a bit tinfoily, while we don't know much about Polysign at the moment we do know they are set up to solve the custody issues that Anders brings up at length in this chat. DS has also revealed that Polysign is more than "just" a custody solution. We know it involves the user recording a video of themselves saying a uniquely-generated passphrase in order to gain access to payments functionality... possibly with a hardware component involved as well. It would make sense to license this software product to Ripple, who would in turn bake it into their CBDC sales pipeline. Suddenly Polysign becomes a CBDC custody company to address humanity-scale digital asset access.
  9. My BS detector normally goes off when I read up on literally any DeFi project. But when I watched this video it exploded.
  10. Yeah, this could potentially be an issue. If they really are burning the unclaimed Spark then I wonder how that will impact the portion of Spark they still hold. They may wind up burning some of their own / distributing it to rebalance the pie. 1B sounds like a lot of Spark that are already pre-claimed by retail, but in the context of the full scale of market-available XRP today it’s pretty low. You have to be super engaged in this space to even know Flare exists yet. Probably one of the reasons for their 6-month window to claim your tokens.
  11. Yep, and the more I think about it the more potential this seems to have. Ethereum can’t get its head on straight, and even if it could they’re planning to launch PoS which is flawed (according to Flare’s argument, we don’t need to get into that here). Copy-pasting would allow for cheaper contracts and faster settlement. It’s a no-brainer for any real business. With that in mind, Flare looks more like an Ethereum fork than an XRP utility fork. Crazy potential.
  12. I think you can use the same address for multiple message keys.
  13. So when is gas used if ever? Is it just to set up the wallet or transfer tokens that utilize gas? A bit of an Ethereum noob.
  14. I don’t know what decade she thinks it is but here in 2020 posting instas of how rich you are is one of the trashier things you can do. Would much rather see her UNICEF receipts, but hey I’m just some guy who still has his humanity.
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