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About SamIam

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  1. Exactly, it's a steam roller that's coming, you ether get out of the way, get on board, or get crushed. No matter how big, banks can't ignore technology that cuts costs in half while giving greater reach and capabilities. What do you suppose will happen in these smaller countries when all of a sudden moving money in and out is cheap, fast and easy? It will be like pressing the nitro button on their economic engine in a lot of respects. Once they start gaining traction and momentum, do you think they will turn to the CB paradigm that ****** them over for decades or stick with the technolog
  2. And I would just add on to the SDR portion - This is also why the CBDC conglomerates will fail in the long term. They cut themselves off from the markets. XRP will still be used to facilitate payments in those markets, but it will have better global liquidity, reach, and utility. The CBDC's will be trapped in their useful, but limited walled garden. Eventually one will over take the other, but that could take a while, might happen much more quickly.
  3. Interesting discussion. Nik leads the XRPL development team. That's an entirely different world from sales and business development. I'm sure he has a pretty good idea - not all the pieces. I think it's funny you guys are talking about gift cards being a use case. Did you forget about Interledger? Will the central banks try and come up with their own solution to remain relevant? Of course they will. Does that guarantee their success? Far from it. Ripplenet levels the playing field and if you hadn't noticed this evolution is happening from the bottom up. Sure it leverages the existing CB i
  4. Lol - Exactly what I was thinking when he was describing it to me. Those are issuances! XRP did that from the start! Those are payment channels, XRP has been using those (and they work) for years now. Wow such innovation from the BTC devs!
  5. I asked this question of Alex from Nugget's news and he talked about BTC wrapped in an ETH ERC-20 token. He also talked about another side chain that exchanges will use to allow customers to move BTC between exchanges in something very similar to a payment channel. Of course this will just help whales arbitrage and not allow the privacy claimed, because there is no exit ramp without going through an exchange's KYC/AML choke point.
  6. Okay, I found it, the public keys became "private keys" because that sounds more mysterious: https://blog.bitmex.com/the-ripple-story/ With BitMEX being a partner, hopefully someone at Ripple can reach out to get this corrected.
  7. Okay, so the validators in a sense are organized like resistance cells. They don't all know each other, but each cell (UNL) works together, some may overlap and have connections/contacts to members of other resistance cells (UNLs). By broadcasting to all validators known to you, and the process repeating, eventually everyone is informed?
  8. That clarifies a lot. I knew there could be various groups that trust each other. However, the default UNL is the "officially" recognized version of the ledger? Others can run and validate, but their work may be ignored because they're not part of the official group. That would let them still stay in sync and have access to transaction history for business purposes. However if they want to submit transactions they would have to do so with one of the default UNL validators. Do I have that right? So Ripple created the default UNL out of necessity and security, but if people didn't like the
  9. Hey Bob, I was just pointed to this report: https://cryptoresearch.report/wp-content/uploads/2019/07/Crypto-Research-Report-July-2019-EN.pdf While it makes some obviously incorrect claims about Ripple/XRP, there's some things I'm not entirely clear on as it relates to consensus. I'm hoping you can help clear this up, and I'm posting here because I think a lot of people in the group will benefit from this as well. I'm going to put a video together on this report, and want to get it as accurate as possible to educate the larger community. There's a lot to explain here, and I'm hap
  10. Alex, the last live stream I attended your admins were posting rude comments about me, and then timing me out over and over. I was polite and courteous in the 4-5 comments I made. It's your channel and your moderators. I think this reflects poorly on you that this behavior is tolerated. I haven't been back since, but wish you the best in your endeavors.
  11. Hello everyone, I'm Sam, I live in Texas (CST Timezone) and have a US audience. I speak a bit of several languages but not enough to be fluent. I'm on Twitter @hameggsn and on YT at To The Lifeboats In my corporate days I had a job very similar to Bob's but in Telecom. I've also been an activist, a co-host on a nationally syndicated talk radio program, a farmer raising Pastured Chicken and sold at the Dallas Farmers Market, and a videographer. I have a lot of people who appreciate me breaking down the more complex/technical aspects of XRP adoption to help them understand why it'
  12. There's a reason Ripple developed ILP and then handed it off to the standards body. They're following the strategy outlined in Contemporary Strategy Analysis to a tee. I think you're on the right track but have a few details off. It's not one pool of liquidity. Ripple holds ~4-6Bln XRP in it's two primary wallets. What's noteworthy is the number of exchanges that sit on a billion XRP. (and No, customers are not buying a billion at each of these different exchanges, nor did all of these exchanges have 300M burning a hole in their pocket they decided to use to buy XRP) Currently there a
  13. SamIam

    Hi! I'm Bob

    Hey Bob, I have a few questions for you: Every week for several months now, Ripple sends out 10's of millions of XRP. They follow a predictable pattern. Typically 5-50M go out, the receiving wallet then sends out XRP to 2-10 wallets in amounts that are usually in the hundred thousand range (with round numbers), those receiving wallets tend to then send transactions that appear to be payments, not in round numbers. Other wallets with a similar profile seem to be on the receiving end of the payments rolling things back up. Any idea what's going on here? xPOOL - What can you tell u
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