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Jerrybo

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  1. Like
    Jerrybo got a reaction from VanHasen in Oh shiaatttt! RTGS Global + Microsoft Launch Cross-border Liquidity, available to 43,300 Banks (No Blockchain or XRP)   
    Sorry, I read some reddit before that post. I invested more time that i liked into that post... therefore it must remain
  2. Like
    Jerrybo reacted to VanHasen in Oh shiaatttt! RTGS Global + Microsoft Launch Cross-border Liquidity, available to 43,300 Banks (No Blockchain or XRP)   
    But who really thinks that?  I cant name anyone in here being of the opinion that this is a guaranteed success but still the narrativ is getting pushed.
    This is a high risk investment - there is nothing to argue about!
  3. Like
    Jerrybo got a reaction from iLeeT in Oh shiaatttt! RTGS Global + Microsoft Launch Cross-border Liquidity, available to 43,300 Banks (No Blockchain or XRP)   
    Ripple tries to enter financial sector. As I read all your post it doesn't seem that many are working in this sector. I would love the hear such voices as I know there are some here.
    Financial sector works differently. If you don't get that, I think it's even harder to understand several developments. ODL saves a bank money? Nice, but who cares? The big investers as stock owners? Pha, they are far far away. As a private person or a sme company you are interested in saving money. Banks have already a lot of money. There are other, even more important aspects for an ODL interested person in a bank:
    What can I personally gain/lose? If I push/start that project, it will be attached to my person. It's success/failure will be connected to my personal future in that bank. If it works, nice, I'll get a special bonus. However, if it fails, I'm doomed at that bank and have to leave. Other people in other banks will know of "my" failed project. Compliance is a central aspect to consider in banking. I can’t say that enought times. The risks to take are even bigger for that person, as the situation is not 100% crystal clear. Violating rules are often costly. Not many will risk a 1M+ punishment just for a maybe "tiny" bonus or a "good work man, thanks". The higher you are in a bank, the more it's about keeping status quo to reduce risks. Financial sector is very lazy. They have enough money. They (currently) don't need to hurry. That boils down to the question: Do the possible gains overweight the PERSONAL risks I'll take as a weighted opinion leader in my bank? Well, most of the time the answer in banker's reality is no. A 10k/100k bonus for such a project is nice, but not that much compared to the case the project fails. And just to get that clear: That whole ODL-XRP-Ripple thing isn't a guaranteed success as many seem to believe.
    There are so many posts about no visible progress , no one uses ODL, etc. No one is going to take the risks if a success is not 99% for sure nor will they publicly talk about it. I don't expect to see any banks soon using it. You will hear about it, if they are 99%+ sure it works for them. Maybe some of you have to rethink about their expectations. And yea, trolls will keep trolling
    I would enjoy to hear some banker's voice in this topic.
  4. Like
    Jerrybo got a reaction from Caracappa in Oh shiaatttt! RTGS Global + Microsoft Launch Cross-border Liquidity, available to 43,300 Banks (No Blockchain or XRP)   
    Ripple tries to enter financial sector. As I read all your post it doesn't seem that many are working in this sector. I would love the hear such voices as I know there are some here.
    Financial sector works differently. If you don't get that, I think it's even harder to understand several developments. ODL saves a bank money? Nice, but who cares? The big investers as stock owners? Pha, they are far far away. As a private person or a sme company you are interested in saving money. Banks have already a lot of money. There are other, even more important aspects for an ODL interested person in a bank:
    What can I personally gain/lose? If I push/start that project, it will be attached to my person. It's success/failure will be connected to my personal future in that bank. If it works, nice, I'll get a special bonus. However, if it fails, I'm doomed at that bank and have to leave. Other people in other banks will know of "my" failed project. Compliance is a central aspect to consider in banking. I can’t say that enought times. The risks to take are even bigger for that person, as the situation is not 100% crystal clear. Violating rules are often costly. Not many will risk a 1M+ punishment just for a maybe "tiny" bonus or a "good work man, thanks". The higher you are in a bank, the more it's about keeping status quo to reduce risks. Financial sector is very lazy. They have enough money. They (currently) don't need to hurry. That boils down to the question: Do the possible gains overweight the PERSONAL risks I'll take as a weighted opinion leader in my bank? Well, most of the time the answer in banker's reality is no. A 10k/100k bonus for such a project is nice, but not that much compared to the case the project fails. And just to get that clear: That whole ODL-XRP-Ripple thing isn't a guaranteed success as many seem to believe.
    There are so many posts about no visible progress , no one uses ODL, etc. No one is going to take the risks if a success is not 99% for sure nor will they publicly talk about it. I don't expect to see any banks soon using it. You will hear about it, if they are 99%+ sure it works for them. Maybe some of you have to rethink about their expectations. And yea, trolls will keep trolling
    I would enjoy to hear some banker's voice in this topic.
  5. Like
    Jerrybo got a reaction from LetHerRip in Oh shiaatttt! RTGS Global + Microsoft Launch Cross-border Liquidity, available to 43,300 Banks (No Blockchain or XRP)   
    Ripple tries to enter financial sector. As I read all your post it doesn't seem that many are working in this sector. I would love the hear such voices as I know there are some here.
    Financial sector works differently. If you don't get that, I think it's even harder to understand several developments. ODL saves a bank money? Nice, but who cares? The big investers as stock owners? Pha, they are far far away. As a private person or a sme company you are interested in saving money. Banks have already a lot of money. There are other, even more important aspects for an ODL interested person in a bank:
    What can I personally gain/lose? If I push/start that project, it will be attached to my person. It's success/failure will be connected to my personal future in that bank. If it works, nice, I'll get a special bonus. However, if it fails, I'm doomed at that bank and have to leave. Other people in other banks will know of "my" failed project. Compliance is a central aspect to consider in banking. I can’t say that enought times. The risks to take are even bigger for that person, as the situation is not 100% crystal clear. Violating rules are often costly. Not many will risk a 1M+ punishment just for a maybe "tiny" bonus or a "good work man, thanks". The higher you are in a bank, the more it's about keeping status quo to reduce risks. Financial sector is very lazy. They have enough money. They (currently) don't need to hurry. That boils down to the question: Do the possible gains overweight the PERSONAL risks I'll take as a weighted opinion leader in my bank? Well, most of the time the answer in banker's reality is no. A 10k/100k bonus for such a project is nice, but not that much compared to the case the project fails. And just to get that clear: That whole ODL-XRP-Ripple thing isn't a guaranteed success as many seem to believe.
    There are so many posts about no visible progress , no one uses ODL, etc. No one is going to take the risks if a success is not 99% for sure nor will they publicly talk about it. I don't expect to see any banks soon using it. You will hear about it, if they are 99%+ sure it works for them. Maybe some of you have to rethink about their expectations. And yea, trolls will keep trolling
    I would enjoy to hear some banker's voice in this topic.
  6. Thanks
    Jerrybo reacted to KarmaCoverage in Flare networks - Spark token to XRP holders   
    This video deserves an entire thread.
    - PoS and the economic scaling issue and why Spark plays the role it does in the Flare network. Using UNL cryptography to solve the byzantine general problem, instead of PoW/PoS like XRP.. and why that economically enables high scale.
    Porting the value denominated in other networks onto Flare, and enabling the business logic to be distributed. Using ETH addressing to make it easy for current PoS SCs to easily move to Flare network.
    - The "if it is more than 1:1 XRP:Spark, for custodial holders (Exchange runs XRPL wallet) then the exchange must pass the additional Spark on to the beneficiary owner of the snapshot XRP.
    - Lending XRP via smart contract. Has anyone seen a detailed explanation or TX flow diagram?
    Smart contract enabled Lending will enable the creation of leverage on top of the existing supply of XRP/BTC/whatever. Plus the creation of many financial products and derivatives denominated in crypto.
    - smart contracts enabling a reduction in the cost of enforcement of contractual agreements. Due to the lack of court/lawyer fees. Low TX cost = CVP analysis that says low cost + high volume + high profit... = Utility value. 
    - there are other insights as well
     
  7. Like
    Jerrybo got a reaction from WrathofKahneman in Xpring invested projects   
    @TiffanyHayden I understand your annoyance, you mentioned some important aspects. However, they aren't new. These aspects existed since I discovered XRPL years ago. Therefore, nothing has changed. I knew that situation when I started investing time into XRPL. I knew Ripple hold many coins. I knew there is no fund that just throws money to me. I knew nobody pays me for running a validator.
    I have to insist politely, but if you expected something different, your expectations may just have been too optimistic. All your engagement (thanks!) was your personal decision. I for myself think most of the time, only the biggest player in an ecosystem is able to change the ecosystem. I never expected something else for XRPL.
    @Dogowner5 I support your opinion that Ripple's reputation is on the line with the XRPL. Technically, I agree with Tiffany, but there are soft factors to consider. I think it would be risky to change the coin now. If you work with financial institution sooner or later you understand, that a lot is about trust, stability, regulatory and compliance. I assume financial institution wouldn't appreciate such a move.
    If you read about early days of Facebook, Google+ and Twitter you discover, that hard competition leads to abrupt direction changes in companies. We are in a hard competition area. I assume, there are/were such situations too at Ripple. I don't assume everything just works easy peasy as planned months and years ago. As a startup, you have to react to unexpected situations quickly and have to be agile. Most important topics have top priority. They may change quite fast after an important meeting with a potential customer. In a shorter-term view, establishing an ecosystem rarely has that top priority.
    I for myself accept that behavior. I never expected something else. Nobody ever promised me something.
  8. Like
    Jerrybo got a reaction from Parabellum in Xpring invested projects   
    Maybe my words weren't the best chosen. Maybe they were interpreted wrongly. English isn't my native language.
    In my opinion, there are often multiple aspects to consider if you think about a topic. Depending on the point of view, other aspects maybe appear only after we take another view. As already told, I'm not interested in such a way of talk as I read it. Maybe I get that wrongly. Thanks for sharing your minds in this thread.
  9. Like
    Jerrybo got a reaction from Parabellum in Xpring invested projects   
    @TiffanyHayden sad to hear about personal attacks. We should be able to discuss respectfully about different topics and bring light into multiple aspects. However, yea, that's sadly the culture we're living. One of the major reasons I prefer to stay in background.
    Very kind you jumped in with your own validator, but what did you expected. Were your expectation maybe too high? As mentioned before, priorities in a competitive area may change quickly. I'm sure Ripple is aware of that specific situation now. Was it just luck that the network didn't halt? Maybe. Maybe there was a disaster plan. We can just speculate, and speculation rarely leads to meaningful results.
    Over the last several pages you mentioned the almost halt again and again. Important situation of course, but let's continue. Don't get my wrong, it's an important note. However, I prefer to go further instead saying the same over and over again.

    @TiffanyHayden (second post) I'm unsure if you really wanted to choose that tone how I read it. I'm not interessted in such an offensiv way of talk.
  10. Like
    Jerrybo got a reaction from Julian_Williams in Xpring invested projects   
    @TiffanyHayden sad to hear about personal attacks. We should be able to discuss respectfully about different topics and bring light into multiple aspects. However, yea, that's sadly the culture we're living. One of the major reasons I prefer to stay in background.
    Very kind you jumped in with your own validator, but what did you expected. Were your expectation maybe too high? As mentioned before, priorities in a competitive area may change quickly. I'm sure Ripple is aware of that specific situation now. Was it just luck that the network didn't halt? Maybe. Maybe there was a disaster plan. We can just speculate, and speculation rarely leads to meaningful results.
    Over the last several pages you mentioned the almost halt again and again. Important situation of course, but let's continue. Don't get my wrong, it's an important note. However, I prefer to go further instead saying the same over and over again.

    @TiffanyHayden (second post) I'm unsure if you really wanted to choose that tone how I read it. I'm not interessted in such an offensiv way of talk.
  11. Thanks
    Jerrybo got a reaction from Caracappa in Xpring invested projects   
    @TiffanyHayden sad to hear about personal attacks. We should be able to discuss respectfully about different topics and bring light into multiple aspects. However, yea, that's sadly the culture we're living. One of the major reasons I prefer to stay in background.
    Very kind you jumped in with your own validator, but what did you expected. Were your expectation maybe too high? As mentioned before, priorities in a competitive area may change quickly. I'm sure Ripple is aware of that specific situation now. Was it just luck that the network didn't halt? Maybe. Maybe there was a disaster plan. We can just speculate, and speculation rarely leads to meaningful results.
    Over the last several pages you mentioned the almost halt again and again. Important situation of course, but let's continue. Don't get my wrong, it's an important note. However, I prefer to go further instead saying the same over and over again.

    @TiffanyHayden (second post) I'm unsure if you really wanted to choose that tone how I read it. I'm not interessted in such an offensiv way of talk.
  12. Like
    Jerrybo got a reaction from Caracappa in Xpring invested projects   
    Maybe my words weren't the best chosen. Maybe they were interpreted wrongly. English isn't my native language.
    In my opinion, there are often multiple aspects to consider if you think about a topic. Depending on the point of view, other aspects maybe appear only after we take another view. As already told, I'm not interested in such a way of talk as I read it. Maybe I get that wrongly. Thanks for sharing your minds in this thread.
  13. Like
    Jerrybo got a reaction from Gilligan in Xpring invested projects   
    Great effort, top engagement! Just speaking for myself, I currently have to refuse to take such big risks in this space as you took. Wish you all the best and press thumbs for your success!
  14. Like
    Jerrybo got a reaction from Lamberth in Xpring invested projects   
    @TiffanyHayden I understand your annoyance, you mentioned some important aspects. However, they aren't new. These aspects existed since I discovered XRPL years ago. Therefore, nothing has changed. I knew that situation when I started investing time into XRPL. I knew Ripple hold many coins. I knew there is no fund that just throws money to me. I knew nobody pays me for running a validator.
    I have to insist politely, but if you expected something different, your expectations may just have been too optimistic. All your engagement (thanks!) was your personal decision. I for myself think most of the time, only the biggest player in an ecosystem is able to change the ecosystem. I never expected something else for XRPL.
    @Dogowner5 I support your opinion that Ripple's reputation is on the line with the XRPL. Technically, I agree with Tiffany, but there are soft factors to consider. I think it would be risky to change the coin now. If you work with financial institution sooner or later you understand, that a lot is about trust, stability, regulatory and compliance. I assume financial institution wouldn't appreciate such a move.
    If you read about early days of Facebook, Google+ and Twitter you discover, that hard competition leads to abrupt direction changes in companies. We are in a hard competition area. I assume, there are/were such situations too at Ripple. I don't assume everything just works easy peasy as planned months and years ago. As a startup, you have to react to unexpected situations quickly and have to be agile. Most important topics have top priority. They may change quite fast after an important meeting with a potential customer. In a shorter-term view, establishing an ecosystem rarely has that top priority.
    I for myself accept that behavior. I never expected something else. Nobody ever promised me something.
  15. Thanks
    Jerrybo got a reaction from Dario_o in Xpring invested projects   
    @TiffanyHayden sad to hear about personal attacks. We should be able to discuss respectfully about different topics and bring light into multiple aspects. However, yea, that's sadly the culture we're living. One of the major reasons I prefer to stay in background.
    Very kind you jumped in with your own validator, but what did you expected. Were your expectation maybe too high? As mentioned before, priorities in a competitive area may change quickly. I'm sure Ripple is aware of that specific situation now. Was it just luck that the network didn't halt? Maybe. Maybe there was a disaster plan. We can just speculate, and speculation rarely leads to meaningful results.
    Over the last several pages you mentioned the almost halt again and again. Important situation of course, but let's continue. Don't get my wrong, it's an important note. However, I prefer to go further instead saying the same over and over again.

    @TiffanyHayden (second post) I'm unsure if you really wanted to choose that tone how I read it. I'm not interessted in such an offensiv way of talk.
  16. Like
    Jerrybo reacted to jn_r in Criteria to become a “UNL” Validator   
    That is a nice list!
    Why do we trust Ripple ... I think we all assume that Ripple knows what they doing and that eventually the dUNL will either be populated with validators from financial institutions that are part of RippleNet, or, that Ripple will come up with a decentralized sort of double-consensus protocol, or, something in between those two.
    And of course we believe in their vision, we believe that they have bigger brains, we are heavily invested and take it or leave it, they have the power over the dUNL.  :-/
    But that said, while the preferred solution is still not there, Ripple should create more transparency and define (publish) a governance protocol for the selection of validators on their UNL, e.g. like this Stellar list. Maybe if they do not want to create it themselves, they can throw in some Xpring funding to have others define it for them?
     
  17. Like
    Jerrybo got a reaction from DannyRipple in Xpring invested projects   
    @TiffanyHayden I understand your annoyance, you mentioned some important aspects. However, they aren't new. These aspects existed since I discovered XRPL years ago. Therefore, nothing has changed. I knew that situation when I started investing time into XRPL. I knew Ripple hold many coins. I knew there is no fund that just throws money to me. I knew nobody pays me for running a validator.
    I have to insist politely, but if you expected something different, your expectations may just have been too optimistic. All your engagement (thanks!) was your personal decision. I for myself think most of the time, only the biggest player in an ecosystem is able to change the ecosystem. I never expected something else for XRPL.
    @Dogowner5 I support your opinion that Ripple's reputation is on the line with the XRPL. Technically, I agree with Tiffany, but there are soft factors to consider. I think it would be risky to change the coin now. If you work with financial institution sooner or later you understand, that a lot is about trust, stability, regulatory and compliance. I assume financial institution wouldn't appreciate such a move.
    If you read about early days of Facebook, Google+ and Twitter you discover, that hard competition leads to abrupt direction changes in companies. We are in a hard competition area. I assume, there are/were such situations too at Ripple. I don't assume everything just works easy peasy as planned months and years ago. As a startup, you have to react to unexpected situations quickly and have to be agile. Most important topics have top priority. They may change quite fast after an important meeting with a potential customer. In a shorter-term view, establishing an ecosystem rarely has that top priority.
    I for myself accept that behavior. I never expected something else. Nobody ever promised me something.
  18. Like
    Jerrybo got a reaction from Gilligan in Xpring invested projects   
    I agree with you, there are issues to solve. But I want to take my opinion out of that debate. In my opinion it's a question of trust at the end. Currently, I'm trusting Ripple. "Dezentralization" isn't a black/white topic for me. There are multiple aspects to consider, what leads to a personal point of view. I respect opinions as long as they are supported by meaningfull arguments.
    I try to point, that without regular earnings out of a project, it's not in my interest to quit my current job and focus on XRPL (or any other cc of course).
  19. Like
    Jerrybo got a reaction from Dogowner5 in Xpring invested projects   
    Today it doesn't matter. But imo the decision to enable ICOs attracted a lot of devs into the Ethereum ecosystem. There are a lot of independent Ethereum companies able to generate money nowadays. That results in a living ecosystem beside all the moon talk. Imo that supports and encourages innovation.
    With this point of view, the distribution of coins in an ecosystem matters.
  20. Like
    Jerrybo got a reaction from Dogowner5 in Xpring invested projects   
    I don't see that as a big issue. XRPL API is quite good documented and not that hard to learn. There isn't any exotic programming language *solidity**cough* I don’t see XRPL just as a playground for interested coders. It’s a platform like others you can use. With any idea I'm going to choose the environment which fits the best. I don't see any big issue here.
    The lesser incentive there is, the bigger the idealistic motivation must be. The ICO chess move was a great idea.
  21. Like
    Jerrybo got a reaction from Dogowner5 in Xpring invested projects   
    I think each entrepreneur has to decide him/herself, if an idea and the environment is good enough to give it a try. I understand the reason, why there shouldn't be an incentive to run a validator. But there are also negative aspects of that decision. Some were mentioned above. It's ok if someone doesn't want/can contribute. But... no incentive for those who could contribute also means people maybe invest their time and effort in other platforms :/
  22. Like
    Jerrybo got a reaction from Dogowner5 in Xpring invested projects   
    Great effort, top engagement! Just speaking for myself, I currently have to refuse to take such big risks in this space as you took. Wish you all the best and press thumbs for your success!
  23. Thanks
    Jerrybo got a reaction from DevNullProd in Xpring invested projects   
    Great effort, top engagement! Just speaking for myself, I currently have to refuse to take such big risks in this space as you took. Wish you all the best and press thumbs for your success!
  24. Like
    Jerrybo got a reaction from ced in Xpring invested projects   
    Today it doesn't matter. But imo the decision to enable ICOs attracted a lot of devs into the Ethereum ecosystem. There are a lot of independent Ethereum companies able to generate money nowadays. That results in a living ecosystem beside all the moon talk. Imo that supports and encourages innovation.
    With this point of view, the distribution of coins in an ecosystem matters.
  25. Like
    Jerrybo got a reaction from yxxyun in Xpring invested projects   
    Today it doesn't matter. But imo the decision to enable ICOs attracted a lot of devs into the Ethereum ecosystem. There are a lot of independent Ethereum companies able to generate money nowadays. That results in a living ecosystem beside all the moon talk. Imo that supports and encourages innovation.
    With this point of view, the distribution of coins in an ecosystem matters.
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