dazlightyear

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dazlightyear last won the day on September 20 2016

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About dazlightyear

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  1. How about a 'buy through GateHub' option for people wishing to participate in ICOs? Instead of participating in the ICOs directly customers would deposit their BTC/ETH with GateHub. Once the ICO is over participants would receive IOUs in their accounts. I remember GH doing something similar with REP, however the system was a little convoluted as it involved ICO participants getting in touch with Joey Krug of Augur to get their Rep signed over. If there was a 'buy through GateHub' option avaialble on your site, which listed the upcoming ICOs that you would be participating in it would allow GateHub to carve out a niche. Poloniex lists almost all of the most popular coins and has the best liquidity. Traders need a compelling reason to open up an account at a new exchange. The opportunity to buy and sell ICO-IOUs before tokens/coins are distributed would be one such reason.
  2. I would only tick the box if the fee was very small. A host with a very high reputation rating, who is also aware that the customer may have signed up for 'dispute resolution' is very unlikely to provide a service other than the one advertised My hunch is that the fee would be very small because the 'dispute resolution service' would very rarely be called into action. If signing up for such a service was as expensive as Airbnb's guest charges (6-12%) then I certainly wouldn't be ticking the box.
  3. There are costs involved with using the Ethereum network. This is known as 'gas'. Why are their costs? 1. Computation is being done and someone has to pay for it. 2. If there were no costs unscrupulous types could spam the network. In fact the most recent attack on the Ethereum network exploited the fact that the gas price was set too low for some opcodes. The costs required to use Ethereum will be tiny. Don't forget that you also have to pay a fee to send XRP. If the host has an ungameable reputation score of 99% would you have more confidence? If you are still uneasy you could tick a box for a small fee that registers you with a dispute resolution service. If you indicate that the service provided was not as described they will intervene. The funds would be locked up by smart contract until their investigation had been completed.
  4. The best way to understand what Ethereum can do is by looking at some examples of how it disintermediates the middle man. Because of its decentralised nature these Dapps should have 100% uptime. For example, you can have an Uber without Uber in the middle. A Dapp is deployed on Ethereum that handles all communication and transfer of payment between driver and customer. One such Dapp is in devlopment at the moment, Swarm City. Slock.it are in the process of making locks that operate under certain conditions. Imagine a system in which you use the Slock.it Dapp to book a room. The Dapp registers your identity and opens the door to the room when you present your phone to it. Once the duration of your stay has been exceeded you are no longer able to unlock the door. Your deposit is released when a third party (i.e. cleaners) verify that you have left the room in good order. By using the Slock.it Dapp rather than Airbnb the host saves 3% and the guest saves 6-12% on fees. Edgeless is a casino Dapp with no house edge. Because the house is simply a set of smart contracts deployed on the blockchain there is no need for one. Melonport allows fund managers to trade existing Ethereum tokens and collateralised assets according to pre-defined rules in an automated manner that bypasses the archaic systems used in traditional finance dramatically reducing expenses and therefore the start up capital required by a fund manager. Augur is a prediction market that will allow anyone to pose a question for people to wager against. A small amount of fees will go to REP token holders who are occasionally called upon to step-in and verify the outcome of disputed outcomes, however by removing the middle-man the fees will be substantially less than traditional prediction markets. The distributed nature of Augur means that it will be able to operate in all territories without being shut down. The main reason Ethereum has so many more developers working on it is that they can build a vast variety of applications with it. Ripple thought about going down this route with Codius but made a wise decision to focus on payments. Ripple's close connection with banks would have prevented them from attracting as many developers as Ethereum and so going toe-to-toe with them in the smart contract space would have been a bad idea.
  5. Cosmos and Polkadot are protocols for blockchain interoperability and as such they do not have clients. Both are at pre-ICO stage.
  6. Unless we are being kept in the dark the current 'inflation' is a result of: 1. Jed's sales (a set percentage of XRP trade volume) 2. Sales of Chris' 7bn to fund Rippleworks Of course, this is not actual inflation because the XRP is already in the hands of Jed and Rippleworks, however it is sales of XRP from these two large pools that increases the amount of XRP on the open market. I had planned to plot of graph showing the rate of Jedflation over the past year but could only find historical figures for RCL trade volume rather than total trade volume. We don't have any figures for Rippleworks spending, however I think it is safe to assume that Jedflation is the major contributor to current total inflation. Actual inflation is a result of Ripple distributing XRP OTC to financial instituions, however I think it is highly unlikely that any of this XRP is hitting the open market. The only reason for a financial institution to sell would be if they believed Ripple was going to fail, in which case it would be strange for them to be working with Ripple in the first place. Lock up agreements are in place as a safeguard.
  7. I agree that 'crypto anarchist' was the wrong term. Thanks for the correction.
  8. The digital asset market has grown from 8 to 24bn in the past year and shows no sign of slowing down. Teams of developers are building platforms for fund managers to build digital asset arrays to make crypto more accessible to private investors. Melonport is building a protocol to allow bankers to build portfolios of digital assets alongside their more traditional offerings. The cat is out the bag. Crypto is coming to the masses. Up to this point most investors have either been geeks or crypto anarchist hypocrites trying to build their own fortune whilst sneering at the banking elite. Recently we've seen a rapid rise in coins offering anonymity. Back in 2013 Ripple had a market cap that was far higher than DASH and Monero which many perceived as being built by hobbyists offering little in the way of innovation. The initial XRP allocations and less than transparent distribution strategy should have been a more obvious concern to many early investors. However, in recent times Ripple's communications regarding distribution have become much clearer. DASH has now surpassed Ripple in terms of market cap and Monero is not that far behind. This should not be regarded as a concern but rather a fresh start. The playing field has been levelled. When the serious money starts flowing in crypto it is not going to be worried about anonymity. Most important will be the security of the network and the quality of the team backing it up. In this regard Ripple has no equal. Some will argue that it is centralised. However is it not more worrying that the supposed decentralised Bitcoin network could be brought crashing to its knees by a rogue force with $200m of mining equipment? There is value in having funds secured by a network of trusted institutions. If Ripple is successful in building a network of banking partners the fact that they are not using XRP will not be a hindrance to it gaining traction as a secure, trusted and valuable digital asset. Association alone will be enough. By measuring twice and cutting once Ripple are positioning XRP as the safest choice for both private and institutional investment. XRP will most likely one day fulfil its role as a bridge between different currencies. It is the manner in which the company goes about its business that will see it rise in value such that it can perform this role effectively.
  9. eToro has over 2 million users in 140 countries. Despite your qualms on how trades are executed I think this would be very positive exposure.
  10. How about we get XRP listed alongside Bitcoin and Ether at eToro? Ethereum was only recently added: https://www.etoro.com/blog/markets/23022017/what-is-ethereum-heres-what-you-should-know-before-trading-ether/ It would be great to see XRP available to investors who have not been subjected to the anti-XRP bias that has swept through the crypto community.
  11. For evidence of how long I have been around this space check out this post I made on the official Ripple forum back in 2013: https://forum.ripple.com/viewtopic.php?t=1698&p=2881 Looking back I think I made some pretty good suggestions. With a little more transparency from the start and some kind of incentive for people to hold XRP we may be in a very different place right now. Although I have pumped far more fiat into XRP than anything else I have a pretty diverse portfolio. If this were not the case I would have a lot less patience. I can only imagine how frustrating it must have been for those who invested solely in XRP. Expecting big things in the second quarter. Looking for the liquidity to be switched back on when Ripple has a network of banks ready to use it. If this doesn't happen I probably still won't sell ...but that is only because I have a touch of something akin to Stockholm syndrome
  12. So a guy who was admittedly anti Ripple before even starting his 1 day of research is teaming up with Peter Todd to present his findings on a show he calls CryptoScam. No chance of any confirmation bias there then.
  13. Don't get me wrong ...I think Iconomi is great ...I invested. However, Iconomi only uses Ethereum for paying out dividends. At the present time this is a good idea because after the DAO fiasco everyone realised that wrapping up too much funds in smart contracts is not all that, uh, smart. Melonport will be built entirely of smart contracts. For this reason their product is going to take a lot longer to develop. They are not expecting any sort of product to be ready for at least 2 years. However, if it is done right it should be awesome.
  14. If anyone is interested Melonport are running a pre ICO sale here: https://www.bitcoinsuisse.ch/melon-project-contribution/ ICO's for good Ethereum projects tend to sell out within 10 minutes and so most projects now tend to give those who have been following the projects closely a way of investing before the masses get their turn. The ICO is planned for 15th Feb, however you can contact BitcoinSuisse beforehand, fill in a registration pack (which includes handing over ID) and then deposit bitcoin/ether once you have been verified. BitcoinSuisse have been guaranteed 125,000 Melon tokens, most of which have been snapped up over the past few days, however a further 375,000 tokens will be available during the ICO, and if you have already made a deposit with BitcoinSuisse they will do their very best to make a purchase on your behalf on the 15th. These guys know what they are doing and so by doing this you give yourself a much better opportunity of securing Melon tokens than waiting until 15th Feb and frantically hitting send at the same time as everyone else. Melonport is a sort of Iconomi 2.0. They have a strong team and have been getting good press. Do your due diligence. https://melonport.com/
  15. New Info in the report: XRP was sold at near market value. Market maker incentive scheme has moved from RCL onto private ledgers. Ripple will start lending XRP. I presume Miguel is talking about the XRP lending, however I thought this had already been mentioned someplace else...