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About ADingoAteMyXRP

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  1. This is great! Folks should watch the last few minutes too -- he answers some questions from viewers that are a little more Ripple-focused. As always the asks are a little prying about Ripple/Polysign's plans, but his responses make me pretty excited to see what they're up to.
  2. Not surprisingly, the anti-Ripple conspiracy theory that WU is buying their biggest competitor solely to shut it down has only found footing in General, thanks to a small handful of known (possibly paid) trolls. Yes, companies sometimes buy other companies that eventually are shut down, but it’s rarely if ever intentional. https://www.quora.com/Why-do-some-companies-buy-other-companies-only-to-shut-them-down-soon-after-not-even-competitors-Examples-are-Amazon-Shoefitr-and-HP-Palm If a sale happens, which is just a rumor today, the people, process, partnerships and technology will be incorporated. That’s what WU will be buying. WU balked at the cost of implementing Ripple early on even though it would be much cheaper once back office had been cleaned up... now they are well behind (as evidenced by the CEO’s panicky onstage reaction to Ripple — “We can do a deal tomorrow!”) Now WU doesn’t have the level of new partnerships we’ve seen with MG. Their networking is slowing because new deals are being made over RippleNet which they aren’t a part of yet. They realize it’s a marathon they haven’t started running and they need to catch up fast or risk what happened to the record labels. They still have a chance to buy in which is what they’re trying to do. I have a feeling MG board will refuse to sell.
  3. Hopium? Wouldn’t you say this is real news of new customers using XRP for international remittance?
  4. The puzzle pieces are coming together! Remittance customers and Uber drivers have a lot of crossover, so the partnership will encourage those folks to use Moneygram (and therefore RippleNet) for money transfers. This could also explain the many Uber references in Ripple presentations over the years. Moneygram seems to have been on fire lately (in a good way). I think RippleNet is at the heart of many of these integrations and developments.
  5. Yep! And Coil recently joined the working group. It sounds like ILP is getting built out to help with payments in areas with less developed clearing/settlement infrastructure.
  6. We’ve been through how ODL works here. What are you asking for now? $6M a day in XRP usage across EUR > USD corridor (that we previously did not know about) is awesome news!
  7. Nice! This is such an interesting and underutilized aspect of the XRPL. (And great intro to Mayan finance). What do you think the main use cases are for IOUs on ledger? Could they be used to keep track of loan amounts?
  8. Yes, ODL transfers for EUR > USD require and consume XRP liquidity, just like any other ODL transfer. XRP provides the intermediating liquidity. Anyway, it’s exciting news!
  9. Great find! Is this the first RippleNet partner in Hong Kong? The ASEAN region is really picking up speed lately.
  10. Yep! I think they announced it back in Jan or Feb, but since the utility scan volumes looked low at the time it didn’t get much attention. Turns out the algorithm just wasn’t showing those trades yet — it’s probably been ramping up alongside USD > PHP since the start of the year.
  11. This is great info! I feel like the puzzle pieces are starting to come together. Liquidity aggregation would further improve ODL efficiency and make the whole system easier to use — excited for RippleNet Home too. Speculating a bit, but I wonder if this project is the new version of xPool, or what we thought xPool might be. This is a wild idea, but as an example... if Bitstamp liquidity were too low to complete an ODL request cheaply, then the system could ping Coinbase APIs, buy the XRP with an existing Ripple-owned account, transfer it to Bitstamp (in 3-5 seconds) and then complete the ODL cross-border transfer from there. In that case the transaction would take a bit longer and might not be atomic (therefore cost may not be locked in), but if the risk is low enough and new liquidity can contribute then it could enable much larger cross border payments. Kind of brilliant. The customer could also benefit from similar scenarios on the receiving end of the ODL transfer. And an even weirder idea... if I’m a customer in a country where there isn’t enough liquidity for XRP, even if liquidity is aggregated across all my country’s exchanges, then Ripple could operate an account at an exchange in my country that simply receives the source fiat and initiates an ODL transfer originating from an exchange in another country. Ripple would sit on the pile of source fiat until it was either needed for an ODL exchange going in the other direction, or slowly trade it back into XRP as liquidity becomes available in that source country. The customer is happy, and Ripple eats some opportunity cost from holding those funds (which are basically acting as a short-term RippleNet-enabled nostro/vostro account anyone can use). Okay, done speculating. But in general I think there’s a gigantic opportunity from thinking outside the box of atomic transfers. Excited to see how ODL might evolve.
  12. Philosophically I’m deeply at odds with Proof of Stake because at its worst it offers block creation power to the wealthiest accounts or relies on transaction recency — both of which may open up attack vectors. There are many flavors of PoS so we shouldn’t discount it outright, but even at its best the longterm implications to security are not known. Essentially it introduces risks and I’m not clear on benefits despite all the pro arguments. That said, I’m open to any change that would offer enhanced security, reliability, or fairness to the consensus mechanism... but I simply haven’t seen that in Proof of Stake. I’m also worried some of the pushing we’ve seen recently is inspired by Ethereum developments, as well as the increasing popularity (in this forum in particular) of a specific PoS token that is being championed by a few folks. If it weren’t for these projects we would not be having this conversation. That worries me. It may be unfair, but I also see the push for consensus algorithm change as emerging out of a collective boredom — not just here but on Twitter. Chasing the new cool thing rarely works unless that thing is precisely aligned to the longterm vision of the project, and in the case of the XRPL it is not aligned. If the ledger spends its time copying mechanisms of-the-moment to see if something works better, we will miss out on tangible, iterative improvements to a mechanism that works reliably today. We may also put the entire game at risk. Not worth it.
  13. Funny, your profile pic is an adult.
  14. PayPal doesn’t use XRP but we don’t see a thread about it every 5 seconds. Instant domestic payments will lead to a demand for instant cross-border settlement, which is what requires cryptocurrency. Projects like this move the entire industry forward and help lay the foundation for wider DLT adoption, which will include XRP and others.
  15. The updated sites for anyone curious: https://standardcustody.com/ https://www.polysign.io/
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