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Caracappa

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  1. Caracappa

    Dutch Banks 5 second transactions

    Part of the Target2 network implemented this year. Makes sending money within the European union much faster, but is not a settlement as far as I know. Just a (quick) messaging system like (the slower) Swift. Has nothing to do with Ripple and is not a bad sign. Ripple comes into play when you want to send your euros outside of Europe, for example to INR, CNY or any other currencies. Not that Ripple (and XRP) doesn't have the power to be the backbone of the entire money flow troughout the globe in a decade from now https://nl.wikipedia.org/wiki/TARGET2
  2. Caracappa

    JP Morgan to launch its own cryptocurrency

    I think there should be grounds first to move it over to the IMF. I could imagine the IMF right now would say "Well uhhh... thnx for the 35b... but what do we have to do with it" First use Xcurrent to make the network covering the needed corridors, then make XRapid an interesting alternative for FI's/banks, by doing that make sure the financial world(wide) can't do other then using Xrapid, and when that starts ramping up make sure a central authority gets control over the assets... or something of that order.
  3. Ripple for now is the only entity that keeps developing the ledger right, and they released v1.2.0 of which the nodes have to update to before februari 27. So two questions came up -Can another party also develop for the ledger and release it, or does it have to go trough Ripple to be implemented? -What would happen if certain nodes refuse to upgrade to V1.2.0 and/or use someone elses updated version? Fork?
  4. Caracappa

    JP Morgan to launch its own cryptocurrency

    I believe if Ripple wants XRP to succeed (and Ripple itself to) it's inevitable that at some point they have to hand over the majority of XRP to a central institution like the IMF. But not right now, let's build out the network first using that 60bln warchest, then onwards to the next step in evolution.
  5. Caracappa

    JP Morgan to launch its own cryptocurrency

    Hmm, then what is the advantage of using 'blockchain' over a central database... Ahh well, Long Island Icetea Blockchain tried the same then. Just put .com behind your name and you're legit!
  6. Fingers crossed, but Craig Wright has been claiming a lot lately...
  7. Caracappa

    JP Morgan to launch its own cryptocurrency

    Does that also mean it uses PoW, a lot of computing power (they have to provide) and the transactions per second is hard to scale to more then 15? Or does a private network not have those problems?
  8. True, but with 7 billion people the chance of one person getting this kind of 'luck' is bigger than one coin (XRP) having that much of luck. I however do not think the chance of reaching $ 50,00 is one in 2.6 trillion. We don't know what XRP will be used for in a decade from now. Is it the entire backbone of finance and payments on the internet, then no problem. Or will it be surpassed by something else, big problem.
  9. Caracappa

    JP Morgan to launch its own cryptocurrency

    Last thing I heard was that the US and IMF was looking into ways to make the US dollar less important because of (was it Jevon's?) paradox issues? Can't remember exactly what it was, but that they wanted to get rid of the dollar as the world currency... What JPM is doing is different than what Ripple is trying to achieve. RPL is connecting all banks and fiats in the world so they can do business with eachother directly, JPM is trying to make their own private network so that the small banks would still have to pay them (perhaps less than todays exorbitant) fees... I wonder what the competing banks would choose...
  10. Ripple could eventually connect the walled garden of JPM with the rest of the world, so I only see the benefit of it. Let's hope many more banks issue their own stablecoins so that the flow of money finally becomes frictionless and have Ripple connect them all together via ILP.
  11. Caracappa

    Stablecoins and Banks

    I remember a prediction in 2017 (Edit: it was Brad) where they said that you will see banks issuing their own stablecoins, but it would be walled gardens. And indeed XRP would be the perfect asset to connect all those gardens troughout the world. Banks issuing their assets proves the problem exists. And still no bank wants to use another banks coin but only their own or a third party. Small banks hate the big guys, and even more hate paying them to transfer their customers money over te planet. A third party like Ripple is in the perfect position to connect them all. I see the JPM coin as a new way to let liquidity flow into the digital payments and settlement space eventually.
  12. Caracappa

    Bearableguy123 Thread

    No need to be scared. The majority of people just see the fun in reading/solving the riddles the creator of BG123 made, and that's exactly what this topic is for. I don't believe in sudoku's either, but their fun to solve. btw, you are the one with the "new world currency 2018 rising phoenix" as a photo
  13. I can't speak for Holland being different than the US, but in my surroundings I know 'lots' of people who have at least bought some crypto. Be it for € 50,00 or less, but they did. Near the end of the bullrun. Could say more about the people I (choose to) know then the demographic picture of the Dutch ofcourse. At least with commercials on television it's more mainstream then it was at the end of 2017, and the infrastructure has been scaled up to hopefully provide more and faster service then during the complete fallout of new customer application during the previous bullrun. Litebit was completely sold out every single day. Spoke to friends who had to wait a month before their account was approved. And when it was approved the peak of the bullrun was over.
  14. I'm starting to see the first signs of a positive market again that I haven't seen in over a year. Regular news outlets report positive on bitcoin, tv programmes start discussing it in a positive way to invest instead of the low intrest on savings accounts, litebit.eu (a 'large' crypto buying site for europe) has it's own commercial on all the television nets in Holland. Mainstream retail investors are being prepped to both cause and jump onto the bullmarket again. This however is still some months away, as the pace and frequency of positive news has to create a new momentum like the end of 2017 again.
  15. https://www.tradingview.com/chart/XRPUSD/iq4qyXUL-There-is-a-possibility-for-the-beginning-of-an-uptrend-in-XRPUSD/ This one.
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