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About Rickyh89

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  1. Where did I say ripple was xrp? also BG has a company to sell software to banks. Not sell xrp to us. He’s not obligated to release statements to us or owe us an explanation. We buy it at our own risk and we all own 0 stock in ripple so if brad meets his deadline or not really doesn’t mean much, except our xrp might not get adoption as fast as wanted in that one use case. Again look at all the xspring stuff they are doing that was previously complained about. I would rather see xrp escrow go wayyyy down and more companies using xrp and bringing value higher with more of a long term mind state. My point still stand, as of right now there is simply not enough adoption of xrp for anybody to be concerned about xrapid lol. It’s ludicrous, we need xspring to do its stuff before any kind of real non speculation value comes. Xrapid drives price up which means more people selling there stash. Why would people buy it again at a higher price? Xrapid is end of the line. Let’s all hope to drive price high so we can sell and then Xrapid won’t work cause no one will buy it for now until there is a use case. however you are right, you can complain about whatever you want. Just doesn’t seem reasonable.
  2. So what happens when all of us original holders dump our xrp causebprice spikes during next bull run to $10+ ? Xrapid and the banks you speak of need people like us to buy and sell the xrp to in order to complete the actual fiat settlement... all of those game and xrp given to regular companies to use xrp is ESSENTIAL to xrp existence and use it’s banks. When there isn’t any profit to be had with xrp, what will you buy it for? What would anyone buy it for? Now if xrp is used with emails, messaging, games, online content... what would people buy xrp for? You need to to build an entire network of companies to have xrp be used by people AFTER there is no profit to be had. Otherwise xrapid can’t be used when regular can’t profit off it(therefore don’t buy it). How do you sell that idea to banks lol. so put it this way, you go into the bank and try to sell ripple software and say hey, if customer needs to send money out of the country, our program will buy xrp on the spot and sends to destination country and sells xrp on the spot in destinations fiat... boom sells itself. so customer would logically ask, who sells us the xrp and who do we sell the xrp to in destinations fiat? ripple sales person would respond, well since it is public traded tokens, it’s very easy to sell/buy through exchanges we are partnered with. The xrp will be sold or purchased by anyone, anywhere inside of our software so there is not much education needed by your employee. bank says, well that sounds great but are you sure when the bitcoin hype goes away or something bad happens to crypto, then how do we buy/sell xrp? ripple employee can then say 2 things: well we have spent a lot of time and focus on just getting customers enrolled and using our xrapid product and as time goes on you should take our word for it that crypto is always going to have buy/sell value. or: I’m glad you asked this question because ripple has actually spent a lot of time and effort giving xrp to various start up companies that we believe will create new use cases and value to the token so even if people do not know about xrp, it will be bought/sold and used by a huge array of companies all over the globe. We have thought about the future of crypto and realize as time goes on, speculation starts to fade and profitability drops for everyday exchanges and people, we know the community we’ve built will give Xrp the necessary backbone to always provide liquidity for all our customers needs. RANT : its so annoying to hear people whine about price and claim to know how xrapid works and supposed follow ripples movements but cannot look past how the tech will work WHEN one day crypto doesn’t have the big sign up saying, get in now and you can have 1000x returns.
  3. I’ve been saying since day 1 of this swift r3 crap, they shouldn’t have made any agreement with swift and just let them sink. They were already being viewed negatively for not willing to evolve and then r3 gives them to attention as being apart of new technology. Doesn’t make sense to me what SBI was thinking. They kept ripples biggest competitor still kicking. Swift will NEVER want to use XRP for settlement. Should’ve let them fail
  4. Hence why it’s so pointless and crazy to think it raise 1.7 billion!!! People have too much money laying around. Who would use a coin to transfer money that can only be sent to other social media users lol. There’s a ton of other options out there and while those cost money, so won’t the exchange fees and the time it takes for exchange to send money into receivers account. Nvm who is going to hold the users information. Accounts etc. if it’s the exchanges job then it will still take few days to get the actual fiat AND users will need to KYC with exchanges before anything. Sounds like a lot of work to be restricted to sending money to other social media users. Makes me think that Facebook will hold all the coins and start and as people buy coin to use them, Facebook will be holding all the money. Wonder how those investors get their 1.7 billion back.
  5. “ The five people who have been briefed on the Facebook team’s work said the company’s most immediate product was likely to be a coin that would be pegged to the value of traditional currencies, as Bloomberg first reported. A digital token with a stable value would not be attractive to speculators — the main audience for cryptocurrencies so far — but it would allow consumers to hold it and pay for things without worrying about the value of the coin rising and falling. ” not every coin coin that comes out will compete with xrp just because the article says cross boarder transaction. They are using this coin similar to a stable coin, just like jpm coin. Which means there is no real settlement. A user will have to buy the coin from an exchange then transfer to a friend (who is member on social media), then receiver will have to transfer to exchange (IF fb doesn’t require them to hold on exchange) then sell at exchange (to another social media user since that’s who coins made for, no other use case for anyone else to buy it), then you need to wait for exchange to take their percentage fee and for REAL SETTLEMENT of fiat into your account. This is sounds like a useless coin and yet another company just riding the “we need a crypto coin” hype. so let’s just recap what happens with XRP. user walks into a bank and hands teller $100 from USA to Japan family member. Teller takes the money and clicks afew buttons on Xrapid software , it buys xrp- transfers xrp- sells xrp on recieving end AND deposits fiat into receivers bank. REAL SETTLEMENT , instant, without user knowing anything about what’s going on... also for all this to take place the coin must be used by the public with other use cases, let’s be honest, why would public buy XRP after its price point is high enough so no one think can make money. This is why Xspring is there. Xrp needs to have another use cases that will guarantee regular people are buying and selling it because Xrapid is for the banks and doesn’t actually involve people. It’s made for corporate use... however in order for ANY coin to have settlement the coin needs to have a use case that has everyday normal people buying and selling it daily. if the banks would not buy and sell to regular people than they would be using the vostro/ nostro accounts to complete the transaction for the user and we would be right where we started. You must have everyday normal people using the coin for whatever purpose to supply the ability for banks to buy and sell to instantly. If a coin is not used for a real purpose for random people in every country to want to buy or sell it, than who would Xrapid or Facebook or JPM or any other coin actually sell it to for the FIAT settlement.
  6. Most exchanges use just one large wallet and issue its customers IOU. So if you were to buy from an exchange and send to a wallet then whoever has the public key for that wallet can see which exchange it came from. That really is the extent of it publicly. If you are law enforcement with warrants I am sure they can get the information because exchanges keep track of everything. Even if you do KYC through the exchange and link your bank account, the new wallet that receives the XRP won’t have any information other than a giant exchange XRP wallet being the sender.
  7. First I have to say that I meant nothing negative by saying it’s API calls. Honestly anything at all being hosted and able to be used by everyday people is contributing in a huge way. The first project I was doing was just simple program to let users run every individual API call offered by ripple inside a GUI program. It was allowing them to click which type of input was allowed for each call and how the ledger responded. Stuff like this lets people be hands on and then see how cool he ledger reallly is. We all are operating within the same scope of information and it does make it tough to start a new project with just the information. We all end up repeating same information at some point. I initially wanted one place for everyone to get full access but after starting this I quickly realized that would be one big ass site haha. Any way we can help you out or if you feel want to help us then I’m all in! Keep us in mind if needing queries done or something else we can do.
  8. So here is my take on this because I’m sure every person who digs into ledger has thought before doing so lol. Having the ledger be so open and having people dissect it is more to our benefit to show people how decentralized and open xrp really is. Each and every one of us can host a node, use the ripple API, use various coding languages to write tools and programs for XRP etc. this should really be embraced. to address your main concern, IMO I think if we were not actively dissecting all of ripples transactions and escrow, someone else would be without good intentions. At least we are putting out complete information and not just select portions which allow FUD. Also, I think the more we get into the research, the faster we could see the escrow get reduced. As much as I think ripple has a master plan for the escrow up until depletion, this could be their biggest weakness(in XRP success, not ripple). Consider it like competition, it forces them to be on their A game. The more information we make available the better. As for the banking industry liking their privacy, I think this is good for them. Banks have been held back IMO with these vostro / nostro accounts. Due to that the use of XRP is inevitable and is just a matter of time. What we try to track is volume between exchanges in different areas. If this information were to be public, I really do not think it would affect banks. No one cares how much xrp a bank holds because they are not selling it for profit, they’re using it to benefit the customers. Don’t forget that xrapid providers have been publicly putting the successes of xrapid in media. This is honestly advertisement for them. If you had to send money to family in another country, would you go to place that takes 5 days and might somehow just lose the transaction, as well as pay huge fees(let’s face it so many people send money home WEEKLY to family) or would you go to a place who is essentially advertising they can send money for low cost and basically instantly. finally, DON’T shun me for this and this is my personal view, not the view of our group. If you think about supposedly where the bitcoin maxi point is, many want the transparency of the banks. The banking industry is moving into a new era and IMO we now have a way to shape that industry. Not completely reforming banks or getting rid of currency(whatever extreme views people have), but we can form how new companies like ripple(who influences banks because they have product needed by them) produce products. If XRP were to not be purchased by normal people and only by banks than it would ruin settlement. They need us and this goes for any coin that may compete in the space. Ripple needs us to use XRP for regular day to day stuff to supply on and off ramps for xrapid settlement because one day if xrp is $589 than it’s doubtful any of us will still be holding bags, also I don’t see people buying it for investment. It needs to have real use case for everyday people and not just banks(xspring). If we continue to demand openness and transparency through whatever process we can(tools,website,media etc) then it’s much more likely companies moving forward accept this as a new normal. Do not think banks at this point still think crypto will go away. sorry for the rant there haha. Also I am on my phone so hard to really go over this several times for grammar so go easy on me. To sum it up, the more we force transparency the better the end result is for us moving forward in crypto.
  9. I will for sure... The best part is seeing the different ways everyone visualizes the data and with so many sites popping up that are all unique, people who do not have any computer background can still learn the ledger. I am hoping to allow people to sign up and if they do then we can create some sort of query ability for those users. Like bigquery but won’t run out of data. This will be more realistic the more spread out I can get the data people commonly look for. Continuous 2.4TB dB queries would be pretty heavy. Like I said before so many ideas and hoping most can be accomplished!
  10. Wow, this is cool! We already have a lot of headway done so far and will finish our site but it’s nice to see how informative the site is. Cool to know there’s so much support from knowledgeable people in the XRP community. I may PM you once we start organizing our queries , I think we could share a lot of data sometime soon.
  11. I do not think we will overlap xrpscan or bithomp. xrpscan seems to be using with ripple api calls and just displaying current information with a single call. We are going much deeper than that with ledger. Much of the results from api calls are limited due to the size of the ledger so many of those calls will not go back into old ledgers or show entire query results without using markers which also timeout. Our server holds entire DB for ledger and will be making update scripts to ensure we always have newest closed ledgers to search. Essentially the BigQuery that weist made but without having to run out of data after 4 full query results. Thanks to him btw for download information and helping us to keep dB updated. Bithomp, I don’t see us overlapping either for many of the same reasons. However they do provide a very easy way to interact with an accounts data, then being able to click on that data to go even further is really cool. We will be doing much more analysis with ledger data. We MIGHT not even have a search bar for people to lookup a single transaction but this is group project so I don’t intend to make those descision alone but Bithomp covers that really well... one example is we likely will have a search bar that crosses against all DBs filled with wallets associated to escrow, ripple, ripple associates, wallets with signature keys that link to previously stated people etc. I think just us hosting multiple DB of wallet ownership will help condense all the personal ones people have made is needed. Then allowing everyone access to see how they link together, following traffic volume and how they are interacting with other wallets/exchanges. Exchange to exchange traffic also is being looked at, so There is so much to break down. So we are trying to find a mix of user friendly options as well as very in-depth results to volume, ownership, exchange wash trading(possibly) etc. I could go on listing many ideas we plan to follow but to answer the initial concern... I don’t think we will have any trouble with existing platforms overlap. We welcome anyone who wants to be hands on. Having all the data is just one step of a solution. Displaying that much information to people who may not be as knowledgeable is another whole challenge.
  12. Haha, don’t we all... we have some great ideas for working with ledger and exchange API but it’s not very likely to get accurate results. Does not mean we won’t try though! I have a lot of work to do once this enormous download finished. The escrow account transactions will be ripped apart and documented and hopefully with the exchanges API we can do some further research. We know that customers of ripple will be getting xrp from the escrow so once I start a DB of all those recieving wallets, I can write some scripts to see how many of them interact with which exchanges and when they were created etc. much to be done but we might get a glimpse of afew customer wallets and with exchanges API maybe even draw some conclusions. this is why help is always good to have. This kind of stuff needs people thinking outside the box to create algorithms.
  13. Yeah sure... it’s a community project. I put some money up for server to get us going and see where we end up with traffic. Hopefully people are interested when done.
  14. Hey, I have a server that is being used to host xrp content. No reason why couldn’t be used for what your intending! We already have the ledger downloaded for easy access to queries and debating hosting a node, just need some more developers for that side of project.
  15. Myself and afew other community members are putting together a website that users can use to interact with the ledger. We already have a server setup with the full ledger being downloaded.(75% done) The websites main purpose will be for analyzing the ledger data in various ways as well as keeping track of wallets and more. As of now there is a ton of information scattered across the community in spreadsheets and we are really hoping to provide a place that allows everyone a chance to get a nice visual and interactive, All in one experience. There are members in the community that go well out of their way to provide data. However, there is not much of a way for everyone to add to that data. We have many ideas being worked on for the site and would not mind other members to get involved, whether it is ideas they would like to see or developers who want to be hands on. Feel free to PM me on here or same username inside the XRP discord!
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