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BobWay

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Everything posted by BobWay

  1. The plan is to meet here on March 28. You are welcome to join
  2. You can ask him. If that is still the case. But in the early days he was very interested in Ripple. In fact Etherium is built on top of some core implementation ideas he learned from Ripple and rippled. Quoting Vitalik, "Ethereum's concept of a separate "state tree" and "transaction list", borrowed from Ripple, mitigates this to some extent," A good chunk of the ideas in the original release of Etherium actually originated with Stefan Thomas. Vitalik learned them while sleeping on Stefan's couch during one of his early visits to OpenCoin. Stefan was happy to share those, but he didn't share that he was already working on the next generation concept that addresses most key "on-chain contract" limitations. He called the next generation contract engine: Codius. Codius is a solution for off-chain contract implementation. I like to think I had a little influence on that. I'd discussed implementing an uncollateralized stable coin on the Ripple ledger using a similar off-chain contract implementation. Stefan then made my concept better and simpler by generalizing it to any user written contract code. Rather than a single use agent network as I had proposed.
  3. It does. But it is not specific to that particular use case. It simplifies messaging formats, error processes, etc and defines some common required behavior of participants. A goal is what Ripple publishes in their documentation as "Access". If you join RippleNet, you should be able to send payment to EVERY other RippleNet participant. So there needs to be a standard way of communication the important information that is NOT money movement. And when there is an exception in the payment process, today in current banking process, the recovery process is for one HUMAN to pick up the phone and call another HUMAN and try to figure out how the fix the problem. That seems silly in this day and age. How each participant wants to "settle" with others is left for each to decide on their own. That is what allows the solutions you reference above.
  4. Without a link it is hard to say for certain. But generally if that is Zagone, he is talking about regulation and uncertainty as related to regulated banks touching cryptocurrency. Banks can get onboard and using RippleNet without having to touch or hold cryptocurrency. They can even send payments that never touch XRP if they are initially apprehensive. But keep in mind, these are still important payments. Because when they become less apprehensive it become trivial "throw-a-switch" to route the payments through XRP and immediately save money. But in other ecosystems like Payment Service providers, they are much less apprehensive and are ready to use XRP right now. Well said! Keep in mind, regulations aren't written to cover particular technologies or tokens. Regulations are about what PEOPLE and COMPANIES do. Different businesses and business models are covered by vastly different regulations.
  5. It is not an IOU because there is nothing for the OWED to collect from the bookkeeper. The owed party is owed-to by the community collectively. The owing party owes to the community collectively. Like I said in the GDW post. It's hippie money. Where as XRP is libertarian money. @dr_ed I think the phrase you are looking for is "social credit"
  6. That is why I came back to the forums. To discuss how different types of "money" work and what the benefits of each are. A LETS system absolutely does not just issues tokens to every member of a new community. It forms the community, but issues nothing at all. As community members tip other members, your balance goes up or down as necessary. So everyone start with a ZERO balance, but Alice can still send Bob 5 GDW when appropriate, because her balance is allowed to go negative. So after that first transaction, Alice is -5 GDW and Bob is +5 GDW. This did not create any new currency, because over all the system still nets to ZERO GDW.
  7. Coolio is describing what I was telling people about in the Bitcoin Texas video posted on YouTube way back when. It is a simple way to issue a fixed quantity of a new "alt-coin" directly on the XRPL. Once issued, it becomes a counterparty-free, riskless asset. Since the "issuer/creator" no longer has any power over the token. It isn't redeemable for anything, so it can't be called an IOU (I owe you). "a blackhole" is an https://developers.ripple.com/accounts.htmladdress to which no secret exists. There are several common ones used.
  8. So it's trivial to say, just buy some XRP and use that to tip people. You are actually right. That works great. But back when I was learning and teaching people about "the Ripple ledger" (as we called XRPL back then) I wanted to get people thinking beyond XRP. To me, personally, XRP is the most boring part of "the Ripple ledger". So to me, (no offense intended) lots of the discussion in the XRP Community is a bit tedious. It's a lot like spending day after day waxing poetic about superglue. What's important about superglue isn't the glue itself. It's that superglue helped you fix something else that is way move valuable than the glue itself. So what can you use XRP and/or the XRPL to fix? Well, generalized money problems. Really any problems that involve multiple parties (people or businesses) and their relationship to "who owns what things". This includes the related case of "who owes who, what things". I specifically say, "thing" because the XRP ledger is not limited to tracking "money". It can track anything that is important to you. XRP, USD, EUR, XAU, XAG are just specific examples of things that the XRPL can track. But it can also track imaginary things and new financial constructions as well. The crazy thing is, XRP, BTC, ETH, etc, are all examples of imaginary things tracked on "ledgers". They simply do not exist. We all just agree to pretend that they exist, and we find that useful. But there are other ways to account for things that don't exist that long predate bitcoin and cryptocurrency. For me, what blew my mind was learning about the LETS construct. I see that the MOST IMPORTANT concept in the space to learn. Because it absolutely changes your understand about what money actually is. So I built one on the XRP Ledger. It took about 10 minutes and we had fun with it for years. It is still up and running. I copied the original announcement and explanation here. So imagine a way back world, when XRP was hard to buy. There were no exchanges. Most people didn't have an abundance of XRP to use for tipping. So what do you do in that situation? Well you construct a new form of "liquidity" for everyone to use. Once that doesn't even need money to work. But curiously, the new liquidity quickly became tradable for more conventional money. I may have even bought USD or XRP using goodwill at one point. Kind of mind blowing.
  9. This is an old post from the Ripple forum, captured from Google's cache. I copied it here as part of my answer to this question from @goldstar111. @Sukrim you are absolutely right, not having the old forum running is a pain in the ass. There are so many broken links in the google cash that I can't fix them all. And it is hard to find this page in the wayback machine at archive.org. @JoelKatz @mDuo13 Any chance at getting the forum spun up, so I can at least make a historical (site sucker) copy that is easy to search and link to? ---- by Red » Fri May 31, 2013 3:24 pm [GDW] Introducing Goodwill I'm pleased to introduce the first* distributively issued Ripple virtual currency, Goodwill. I am NOT issuing GDW. We all are. Goodwill is a virtual currency based on the Local Exchange Trading System (LETS) model. What is LETS? The goal of a LETS system is to encourage and facilitate trade between people who don't have a shared currency. LETS currencies are designed purely for facilitating trade. They are NOT a way to store value over long periods. As such, to store accrued GDW over time, you should convert it to another currency (USD, EUR, BTC, etc.) more suitable for that use. Why do I want to use GDW? Think of Goodwill like a global inter-forum tipping system. You use it to reward others for having delivered something of value to you. Initially this will probably mean rewarding others for posts and articles that you find personally valuable. Beyond that, the reasons you bestow Goodwill on others is purely up to you. Isn't Goodwill gameable? Yes, it is. Traditionally, LETS systems are used by small communities of people who transact face to face. This makes handling know-your-customer rules trivial. But this is the internet. That makes strong KYC associations a pain-in-the-a** to administer. As such, I'm going to declare simple rules and rely on people to use the system honestly. Please use the system with the knowledge that some people will be d***heads. How do I use GDW? 1) Trust the address rGDWKWni6exeneJdNbEZ3nVX3Rrw5VG1p1 for 100 GDW. Check/enable the "Allow Rippling" option as GDW is a peer-to-peer currency (this option will only effect you when/if you extend another GDW trust line). 2) Post your Ripple address in this thread. (That is how we will handle KYC.) 3) rGDWKWni6exeneJdNbEZ3nVX3Rrw5VG1p1 will TRUST YOU for exactly 100 GDW. No more. No less.[edit: The amount of trust is now variable, initially starting small to discourage abuse. --dchapes] 4) Send GDW to anyone who has joined the Goodwill network. (1-3 above). 5) NEVER send GDW to rGDWKWni6exeneJdNbEZ3nVX3Rrw5VG1p1. This address always maintains a ZERO GDW balance. It is NOT the issuer of GDW. It is merely a shared bookkeeper for everyone else. EDIT: Everyone can check everyone else's INVERSE balance by viewing the Goodwill Bookkeeper in the live network graph. Please note that if Red has a NEGATIVE balance from the perspective of his own account. Then the Bookkeeper has/shows a POSITIVE balance from his perspective. (Positive means Red owes the network). EDIT: There's now a GDW balance summary list hidden away as a reply. This shows positive rather than inverse balances and accounts for personal trust lines and aliased/multiple accounts. -dchapes [old]I'll cover the 12.5 XRP trust line reserve cost for the first dozen or so people who connect. After that rGDWKWni6exeneJdNbEZ3nVX3Rrw5VG1p1 will need XRP donations to cover new trust line reserves. 6) So if possible, please send 12.5 XRP to rGDWKWni6exeneJdNbEZ3nVX3Rrw5VG1p1. [Edit: the trust line reserves are now only 5 XRP each and payment is not required. The Goodwill account has extra XRP from some larger past donations. In fact, if you sent 12.5 XRP or more previously and would like a refund (minus 5 XRP) just ask. Or if you'd like to exit GDW and close your turst lines and would like a full XRP refund, just ask. I don't think the Goodwill account has any other use for the XRP. --dchapes] How much is GDW worth? LETS systems work best if everyone has a common benchmark to use when deciding how much Goodwill to bestow in a given circumstance. As such, I unilaterally declare that 1 GDW should be perceived as equivalent to 1 USD in value. Doesn't that mean you are giving $100 of credit to every forum member? Nope. We are all agreeing to trust each other to use GDW honestly. If we all do then GDW will be perceived as equivalent in value to USD. If we do not. GDW will seen as a mere "token" of appreciation. I make NO CLAIMS that anyone ever will offer to exchange GDW for USD. Your perceived value of GDW is purely up to you. Why USD and not EUR, YEN, BTC, XRP, etc? Well, quite frankly I'm a Texan. That makes me handicapped when it comes to currencies other than USD. If some tells me something is worth 12 Euros or 500 Pesos or 65 Yen I generally have to bring up Google to do the conversion. Conversely, every non-American I've ever met on the internet, seems to be able to magically convert between USD and their native currency in their head. So, if you fall into that group, take pity on my handicap. Aren't you a single point of failure for GDW? Yes, I am. I would like to share the responsibility of administering the Goodwill hub. If you are interested in helping please PM me. Edit: dchapes now has shared responsibility and access to the Goodwill account. *GDW is probably not really first. But, I want it to be the first distributively issued currency that most Ripple users have actually heard of. ----------------------- NEW ADDITION: If you'd like to promote the Goodwill system and announce your participation in it, you could add the following to your forum signature. Code: Select all Join the Goodwill system. If you like my posts, show a little Goodwill! Make sure you add your personal Ripple address and forum nickname. Jarunik wrote:What happens if someone reaches 100 GDW given away without receiving any? I think he can not send any more out through the Goodwill Bookkeeper. Right? The same thing should happen if you receive 100 GDW. Does it? How fortuitous! I was looking for an excuse to write a post explaining the LETS philosophy. The real value of a LETS system is not the ability to see other's Goodwill "Balance". In fact, in a LETS type system it is normal for the core members (peers) of a community to keep ZERO balances. What peers take from the community is offset by what they give back to the community. The real value is in being able to see another party's transaction history and "trading volume" before you personally decide to interact with them. In a pre-technology world, it was a way of making the "common wisdom" of a community known to newcomers. Peers learn who fellow peers are through a long risky trial and error experience. Barnum may be a drunk who never repays his debts. Experienced community members know this. Newcomers do not. That's why Barnum thinks "there's as sucker born every minute." It is conceivable that someone receives his/her 100 GDW limit without having received anything of value from the community worth rewarding. It becomes incumbent on this person to decide on something of value he wishes to receive that is worth rewarding in GDW. That allows other peers of the community to "clear" their debts to him. Likewise, you can hit your -100 GDW limit for two reasons. 1) your feel you are taking "value" from the community but the community feels you are giving nothing of "value" back. or 2) you are being over generous in your GDW compensation (compared to community standards). The limit (plus transparency of transactions) encourages a community of peers to reach a common consensus on how to evaluate different goods/services/contributions. So, if everyone acts as proper peers. Hitting the limits normally won't happen. If it does clearing the debt is easy by swapping cash or something else of value between honest trading partners. If people leach or leave the system taking positive or negative balances. That can stay on the record forever. The bookkeeper can look at the transaction log and issue offsetting transactions to clear an honest party's loss or inability to repay. Like I said on BitCoinTalk, a LETS system is money for hippies without money! You have to plan for... well... flexibility! But it sure feels good to receive GDW! It feels even better to pass it on to others who deserve it! So call me a hippie! Last edited by Red on Sat Jun 01, 2013 3:29 pm, edited 6 times in total. Join the Goodwill system. If you like my posts, show a little Goodwill! Red Posts: 582 Joined: Sat Apr 27, 2013 11:54 pm
  10. Cool images. I borrowed them to my desktop. But I'm sure I answered this question just a couple of hours ago. Please search for Allvor in my recent history.
  11. Ask them to buy XRP for you too. The one thing that drives bank to implement something is customer demand.
  12. I said, "Time is always working against Ripple and everyone else as well." Meaning I, personally, am older and everyday closer to death. For companies that means, "you snooze, you lose." Either you execute ASAP or someone else will beat you to your goal. So Ripple's great execution means, "Time is working against, Stellar/IBM, Bitcoin, Etherium, etc. as well." Sorry to wax philosophical.
  13. I think the last proposed regulation would be good for a lot of people because it might mean tax refunds or at least easier filing. I don't see any hurdles for xRapid deployment. The discussion has always been against the obviously fraudulent ICO that have happened recently. Deployment happens after system integration. So spending money to integrate, then NOT turning the system on, makes little sense to me. So no, I don't see lots of people waiting to turn something on (flip the switch) as soon as new regulations are announced. The first thing that happens after new regulations is that you pay lawyers to read an analyze them. You don't pay programmers to write code. That xRapid and XRP is ready to go now works to Ripple's favor in all this.
  14. I'm tired of failure situations for now. I'll look at the remainder of the list as time permits.
  15. I have so much to say about World Wire that I think it is best for me to say nothing about it. But I can't so I'll say as little as possibly can. I find it boring. It is a less feature full version of RippleConnect 2.0 (XRPL version) That makes it a close kin to xRapid but missing important features. Last I checked, Stellar is missing features (they hated) that Ripple added to XRPL just to support the World Wire style use case. World Wire's use of in-band signaling is going to turn out to be a mistake. 5 of the 6 "banks" they listed were, pending regulatory approval in their respective countries. (that's not a lot of fun) The remain bank isn't a bank at all. It is a newly created USD issuing company. (I don't know much about them) IBM wants to take an additional fee on every transaction. And obviously from their material charge for integration, maintenance and hosting. I could give more details, but I'm in public and they might be reading. So I won't. Like the XRP Ledger, Stellar is currency agnostic. But in contrast, all of the currencies listed here and more, already trade every day directly on the XRP Ledger. I know because I'm pretty sure I still hold some USD myself somewhere. I you look closely, you'll see you can trade Stellar Lumin (XLM) directly on the XRPL. What world wire is hoping to add over time is "payout destinations". That is exactly what xRapid has been doing since launch. There really isn't anything in their release, that wasn't in a Ripple release a year+ ago.
  16. I think the next two are related to what I paraphrased above. See above for context. Yes, absolutely that is one reason. It could also be the first reason. Couldn't agree more. As XRP becomes a bridge currency, that will make it more and more liquidity. Is its liquidity grows, BOTH its utility as a currency AND its utility as a store of value grow with it. More liquidity to more regions = more places to spend your currency. No sense using a store of value that you can't get the stored value back out of at a moment's notice. Interestingly Ripple Stock and XRP liquidity go hand and hand mathematically. And it may come as counter intuitive. Last I checked, when pricing Ripple stock, the market valued Ripple's XRP holdings at about $0.03. So 3 cents. This is because the 55 billion XRP isn't seen as liquid. Meaning if Ripple tried to trade it for USD they would get about 3 cents an XRP. Now that is a bit depressing for me isn't it. Because my stock is 1/10th as valuable as people might think by the back of the envelope. So curiously, Ripple could give away/sell/disburse 9/10ths of the XRP reserves in order to increase liquidity. Given the distribution caused the market to view the remaining 5.5 billion as 100% liquid. That is independent of any increase in XRP price. So specifically, if the price of XRP stayed the same over the (X) years that Ripple disbursed 49.5 billion XRP. Then the market cap of the company would remain exactly the same. But say the price of XRP hits my target $3 at the end of the same period. Then the market cap of Ripple has gone up 100 fold, while distributing 90% of their XRP holdings. If they can make $3 price and a 100% XRP liquidity evaluation while distributing less. Then all the better for Ripple's stock value. So a bet on Ripple Stock is really a bet on Ripples ability to deploy its XRP holding IN ORDER TO increase XRPs liquidity. As stated above, this added liquidity makes XRP much better as money AND as a store of value. Both putting upward value on price. So in my mind. XRP liquidity to other fiat currencies is key to both payments and XRP value appreciation.
  17. There is SOO much good discussion in this thread. I'm sick to death that I've failed to lay the groundwork knowledge of Banking systems, rippling systems, cryptocurrencies, market dynamics, etc that I would really like to refer back to in my answers. But let's see what I can do with what I've got so far. I'm not going to argue with fancy math that I can't say I completely grok (the wiki page). But I can summarize what I think people are trying to get at. The postulation seems related to this logic: The price of XRP is related to supply of XRP vs demand for XRP. This is of course relative not absolute. Clarifying below: The price of XRP is related to the current supply of XRP for sale in the market vs the current demand to purchase what is in the market. The absolute supply of XRP in existence has little effect in the price of XRP at any given instant. So if more people NEED (not WANT) to buy XRP, but the market supply is fixed, the price will go up. IMPORTANT NOTE: The underlined phrases tend to throw off many people's analysis, mostly because, Lots of XRP that is "in the market" to be sold is actually invisible. The $3 price I'd like to sell at is technically "in the market". If you will give me a $3 price today, I will sell to you. But I have no open order in any visible marketplace. So if you are analyzing chart data. My information is invisible to you (and so is many others). This tends to lead to price over estimates when anticipating future supply. The big mistake comes when people hear that the total supply of XRP is fixed and they associate that with the supply vs demand logic above. It is really clear to most people that if I get paid once a month on the first and MUST pay my bills once a month on the 30th. That most of your money is just going to be sitting on your counter (or in your bank for 30 days). This would be considered "low velocity" money. And if everyone was on the same schedule, then clearly there would be vast piles of currency sitting on counters across the country most of the time. But it is not in piles on counters for the most part. It is actually in bank ACCOUNTS. But in actuality, the currency isn't actually in the bank. It is put back into circulation as soon as possible. There is no profit in a bank keeping piles of currency in their vault for 30 days. So even in this extreme case, velocity is not as low as it might at first appear. "High velocity" money might be seen as a similar situation, where you get paid on the first, but pay your bills on the second. It is easy for people to visualize that, those piles of currency (the apparent demand) seem to disappear. They tend to conclude this means less demand. Which might be true, but much less dramatically than most people presume. The money you (and everyone else) paid on the 2nd instead of the 30th just went to someone else's bank account, where it got recirculated as well. This recirculation often happens though lending, which is in effect new money creation, even though it isn't new currency creation (which gets a knock on your door from the secret service). This new money increases velocity as well. The biggest problem in relating this argument to XRP is that the math seems to presume a single universal currency that everyone NEEDS to use. Clearly, XRP isn't there yet. XRP is in a WANT to use situation right now. As the RippleNet ecosystem build, more and more people will NEED to use XRP and that immediacy absolutely does increase demand. And to me, there is a virtually unbounded amount of value held by value holders that current don't WANT of NEED to own and hold XRP. (truly a head exploding amount of value if not strictly speaking "unbounded"). So to me, changes of value holders perceptions from don't want to NEED has orders of more effect on pricing than this argument ever would. Absolutely agree with you, "demand is key" when talking about trying to increase the prices of XRP. Absolutely agree but I'll say it in the reverse order. XRP MUST become money in order to be regarded as a store of value. Which is an absolute precursor to generating demand from savers. It doesn't become money until it is liquid. Meaning you can trade it for whatever you want. Trading it for fiat is the first step. But if you don't perceive that you can trade it directly for a car. Is it really money? Not really. It is a commodity like gold, silver, lead, helium, coal, etc. You normally have to trade commodities for money before you can trade for what you really want. When measured in "drops" vs "satoshis" there are roughly the same amount of smallest increments or XRP as there are of BTC. The only difference is where people chose to put the decimal place. In the first year of Bitcoin, the vast majority of BTC was in escrow. Otherwise know as being "un-mined". The coders of Bitcoin set a prescribed distribution rate and mechanism for taking the BTC out of escrow and putting it into circulation. At the moment we are approaching BTC being 75% out of escrow and in circulation. However, probably 99% of the worlds value is NOT circulating through BTC. So obviously the presumption that, the people holding 99% of the world's value WANT to give a giant share of their value to the relatively few people currently holding 75% of the world's BTC, seems silly at face value. The question is can the Bitcoiner persuade them that the NEED to make that value transfer. Clearly XRP has a reasonably describable NEED proposition. As a bridge currency. But if that NEED proposition fails for some reason. Interest in XRP could wain. Interestingly Stefan taught me a valuable lesson. The price of XRP cannot go to zero, so long and someone or group values XRP. It can only go to zero, if everyone forgets about XRP. So interestingly, you can't destroy XRP by calling attention to it. Because obviously you are perceiving it as valuable enough to waste your breath on. Not sure if this is a threat, question or an affirmation of XRP's value.
  18. Time is always working against Ripple and everyone else as well. If you are waiting on a magic explosion so you can cash out. Know that moment would likely be a spike and crash moment. So your immediate gain could be someone else’s immediate loss. In the end they might live to laugh at you (like everyone laughs at the Bitcoin pizza guy). But until that guide your expections by watching the growing number and value of transactions through RippleNet. It is those transactions that will eventually be steered through XRP to improve Access, Speed, Certainty and most importantly Cost.
  19. So I looked at their white paper briefly and I see that they understand very well how the XRP Ledger was intended to work. I applaud them for that and for thinking of a clever way to use the features. What they’be done is create their own currency entirely within XRPL. Then they integrated that currency with there gateway software. This lets them send external payment to merchants not directly connected to the XRP. Which is a funny thing to say because in effect their gateway connects those merchants to the XRPL without requiring them to do the technical heavy lifting. So I’m not endorsing the project, I really haven’t read that deeply about WHY they think their new “token” is necessary. However, I encourage everyone to analyze their white paper and watch their transactions on the XRPL until you understand exactly how and what they are doing. That is what open transparent ledgers are for. I actually created the first non-XRP “counterparty-less” currency on the XRPL. It was called GDW and was a tipping currency that everyone could use as a learning example. It was implemented as a “local exchange trading system” LETS which is usecase that XRP is actually unsuitable for. So it needed its own currency. Actually I could have used USD or any other existing currency. But that would have overly confused people at the time (and now). It turns out that people were willing to trade GDW for USD and XRP on their own accord. It didn’t need any other “utility” beyond the example problem for people to find it valuable. I don’t claim the Allvor usecase and token is a good one. But it might be. I just haven’t looked that deeply. But I encourage everyone else to, if only as an exercise to see if it jogs any clever ideas within yourself.
  20. Y’all work out a convention that everyone can follow. The convention I chose was a best first guess. Let’s make it better!
  21. They just moved to another thread to try to make them easier for new people to find. I guess it didn’t work! But continue asking questions here. I’ll still respond.
  22. That is a great video that explains what they are doing well. It also seems almost copied from the pitches I've seen Ripple make on the web about RippleNet. Have there been announcements that Jed left Stellar in order to dedicate his time to the World Wire project? Any links you've seen. Please post them. Sorry to use everyone here instead of Google. But frankly y'all are better than Google at this.
  23. I think these types of sandboxes are great! I don't think there is any conspiracy about that. People hear the word but often don't internalize them. The XRP Ledger is open an free (as in freedom) for all to use. No one need ask permission to use it. No one need to ask permission to integrated rippling payments into their business. ...Well, that' not strictly true. The don't have to ask Ripple the company. But it is VERY good practice to clear your cutting edge ideas with your local regulators. Otherwise, you might find yourself in non-Ripple inflicted jeopardy in your local jurisdiction. This is what things like the UK regulatory sandbox is for. (other countries have similar programs) I have not heard of any secret plan to organize a bunch of independent companies and then jump on the XRP Ledger and start operating all at once. But why not. That would be a smashing idea! Just not one I would guess that Ripple the company would organize. But by all means, everyone know you can field your own team and do just that. Welcome to the XRP Chat, @xrpuk
  24. Please keep reading in this club. I've answered in several places. I'm sure that is a popular topic. Please, someone hunt down the good posts for him. Normally you would think that you need stability. In fact a stable currency makes a great bridge currency. But it turns out what you really need are market with tight spreads. It doesn't matter what the price is, or how it moves, if the tight spreads continue, then XRP would continue to be a great bridge. In most markets, volatility is the enemy of tight spreads. This is true of XRP as well. But Ripple (as a company) has talked about how to reduce XRP spreads. I'm talked about a mechanism that I developed for doing and that Ripple and I patented.
  25. Thank you very much @Tinyaccount for all your hard work on this. I know it is a thankless job. So, well, Thank You!
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