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Everything posted by josepi90

  1. ignore the above.. someone from Agoric confirmed that codius is taking a different approach, though they would love ripple to use their tech at somepoint..
  2. Not much, other than a friend shared the news that xrping invested in Agoric who specialise in smart contracts, so assume they are linked somehow.. https://medium.com/xpring/investing-in-agoric-ad57ad10e448 https://agoric.com/ https://twitter.com/ethanbeard/status/1128060608606347266
  3. There is still a gap in general understanding of Trust Lines and Issuances on the XRPL - the info is here, but it's not ideally formatted for education, and needs to be explained more accessibly. https://developers.ripple.com/become-an-xrp-ledger-gateway.html I will try and write a new blog post to help educate. The new Bitstamp license as you say is a driver for this use. It important that people understand this feature, the IOV and XRPL is bigger than XRP alone. j
  4. Hi Bob, Does ‘auto bridging’ fit it with this in some way ?
  5. I along with many others have been researching this patent and its potential features for a few days now. Its a mystery to me why they make them so complex, but that’s the way things are done.. Although the detailed operation of how the patent works in practice will never be 100% clear as the document only describes a logical set of variables and operations, and does not explain how the programming will be implemented, there are many clues which which when combined give us a pretty clear idea on how this system could operate. I’m going to bullet point a few statements all made by Bob throughout the thread(s) ( not in order of appearance). “But what I do know for sure, is that most of the other cryptocurrency teams don't have the resources they need to drive their currency into the bridge position. Nor do they even understand the economics of the ecosystem well enough to know why that is true. “ From this we can deduct that Ripple DO have resources they can apply to drive their system forward. We already have a pretty clear idea on what these are. XRP II sales from escrow. “War-chest” XRP/Fiat that Ripple hold allocated to boost the ecosystem development. “It only subsidises risk on the trader supplied funds that actually facilitate bridge payments “ Here we have the word “subsidises”. We know Ripple have a program called “RippleNet Accelerator Program” that consists of a Volume Rebate and an Adoption Marketing Incentive. Monica Long, VP of Marketing at Ripple, said: “We’re borrowing a page from the likes of PayPal (with their early days adoption and referral bonuses), implementing incentives to accelerate network effects on RippleNet. Since we’re offering the incentives in XRP, we anticipate seeing an added benefit of building an easy on-ramp for institutions to use XRP in their payment flows to lower liquidity cost in the future. Early reception of these XRP incentives in a test phase has been very positive.” This was announced by ripple in Q2 2017. https://ripple.com/insights/ripple-rolls-300m-ripplenet-accelerator-program-grow-volume-xrp-utility/ It seems logical that in todays highly evolved technical setups, that incentives could be dynamic, with liquidity delivered on demand to areas within the network that need price support. “So how can you increase the price of XRP? Well, of course, attract more market makers to the corridor and system. They can't trade a corridor until AFTER they purchase their stake of XRP. And once they have purchased that XRP and are profitably making the market, they are in effect long term HODLers.” Again referring to the statements above, the higher the volume on the network and the more makers, the better the balancing across the network will perform. We are already hearing about new forms of asset “custodians”, with systems like HQLAx, where pooled assets are available for securities lending. Having a pool of XRP held by custodians, with XRP liquidity being accessible by Ripple partners within the incentive program, seems very feasible. Routing this to corridors that needs support using an algorithm make sense. Another key point in increasing value that needs lot more attention and understanding is the RCL/XRPLs ability to hold value of other denominations. Simply by being able to hold XRP and recycle its value is not enough for the rise in price. As more and more new assets are added and traded via the ledger, the implicit value of XRP as an intermediary asset increases. Example - BTC can be held and traded on the XRPL. At times XRP will be used to bridge value in and out. As the capital of more and more assets are traded, the value of the network also rises, and with it XRPs price due to availability and use. “..Is scrupulously efficient in deploying XRP. This is what prevents it from putting a downward pressure on price.” Here bob indicates the patent system is very efficient at deploying XRP. As above we can assume the this must come from a source pool of liquidty ( could this be the infamous xpool?) “Payment volume being equal. High value corridors require more capital. Low value corridors less capital. ROI is a function of (profit / capital).  “ This is where the patent becomes more complex, and i hope Bob can one day teach us how that works. As the price finding algorithm is aware of the network state, it knows where liquidity is running low and where it is high, and is always aware of the current demand. The descriptions of bidirectional “Legs” in the patent support this. Using the systems described above liquidity could be provided to the ares where prices need support, effectively make XRP the best choice for each transaction on a dynamic basis. Hope i'm not to far off the mark here.. Cheers Agent Brocollu.
  6. They closed down some time ago - some info on this page. You can achieve most/all of this via gatehubs services though. https://id.ripple.com/auth/migrate https://rippletrade.com/#/404 0- more info and links.
  7. I believe there are different regs in play for Remittance providers vs banks and FI's due to the amounts being sent and KYC etc.
  8. also worth reading this.. https://hackernoon.com/the-6-costliest-mistakes-people-make-when-trading-bitcoin-otc-d975d4acda25
  9. Think his exact quote was " Diversification is for people who dont know what they are doing"
  10. Video also now featured here, https://ripple.com/sbi-ripple-asia/ (perhaps old news ? but could not find anywhere on the forum..)
  11. HI, This video presents the SBI "Ripple Connect" cloud partnership, showing ILP usage in the animation..in Japanese (with intermittent subtitles) just uploaded to youtube. screenshot from the end of the video showing participants,
  12. Thanks good to know - not so easy to explain network protocol stacks in a forum, but to simplify for non technical readers, just understand that for each ILP packet being sent, the transaction info/wallets addresses etc are enclosed inside a TCP header ( think of this as an envelope with ILP transaction info inside), The address on the outside of the "envelope" shows IP and TCP information used for routing the "envelope" between servers over the internet (IP) , and making sure its been received without being corrupted and is handled by the correct process (TCP). RFC is below for those looking for more technical info. Ledger layer currently is generally using TCP443( https) as far as i can find, but does not have to be and can be defined on a use by use case according to the RFC. Also found a more official discussion on the idea in my earlier post https://github.com/interledger/rfcs/issues/146 https://github.com/interledger/rfcs/blob/master/0001-interledger-architecture/0001-interledger-architecture.md
  13. IP will always be required as the layer 3 protocol, required for addressing for end nodes(hosts/servers), and to provide & calculate routing information for packets flowing around the network. TCP is a layer 4 "protocol" ( TCP being "connection orientated", meaning both nodes confirm receipt of all data, ) with RIppleD using ssl ports 443 i believe. Theoretically DLT data ( XRP/ILP ledgers etc) could be setup to run using their own layer 4 ports/sockets, but this would require all internet routers to have a new version of their operating systems implemented - it would mainly result in smaller packets of data being switched around, reducing processing and increasing speed of the network (again in theory). Very unlikely to happen, through largescale adoption of IPv6 might be the time where this could be looked at being implemented, assuming huge global use of the ledgers would drive the concept forward. These 2 presentions are a good source for more details on the specs of the ILP standard https://www.w3.org/2017/Talks/ilp-commerce-20171110.pdf https://interledger.org/presentations/2016-07-06 - ILP Workshop London 2016.pdf
  14. Thanks. Good times indeed.. at the same time my employers were spending 100's of millions on Cisco hardware annually.
  15. I wrote this a few weeks ago for the xrpcommunity blogsite -somewhat related https://xrpcommunity.blog/ripple-will-be-the-cisco-systems-for-the-internet-of-value-a-k-a-memoirs-of-young-network-engineer-circa-1986/
  16. fyi cross-border payments are very briefly mentioned at 1:16:20
  17. according to Wikipedia "The Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission, and other financial services regulators
  18. This.. ? when Ripple refer to "cross boarder payments" i dont think they mean state lines in the US of A
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