Professor Hantzen

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  1. When bitstamp launched XRP/USD trading, the volume and liquidity from the correspondent bitstamp IOU on RCL moved on-exchange. I'm not sure why though. Do you have a use-case for requiring liquidity on RCL, or are you using the metric as a barometer of XRP/Ripple's success?
  2. Nope, I don't know how many conferences David and Evan went to - when was this? Maybe I've had a different experience at such conferences. I was mainly hopping around late 2014 & 2015, so it could've been they went earlier, and times had changed? I had very positive interactions, though in early cases the timing helped as XRP had risen substantially (end of 2014, beginning 2015). Sure, I've seen plenty of idiotic behaviour in the bitcoin community specifically (not so much in ethereum, though still a little...), however that's no reason to back down from presenting a sound proposition. I'm sure there's as much backstabbing, and politicking in the banking world, if not slightly more. (Along with corruption, blackmail, stress-induced suicide and uhh, other things... there can be a lot of money and power at stake, it goes with the territory, right?) I well understand the size of the market Ripple is going for dwarfs that of the cryptocurrency world, it's frickin awesome - and part of why in the converse manner, I'd love them to be taking some of the cryptocurrency community - and their ideas - along with them. That community could well do with the banking and regulatory connections and the regulators at least could maybe do with seeing how much is going on they're going to have to deal with. Regardless, anything done to strengthen XRP helps Ripple achieve their goal. As it stands, a meagre investment of a couple of hundred K over four years in someone dedicated to could very likely double or triple the market cap, price and volume of XRP in that same time - that's a fantastic return. The fact it'd also clean up a false, bad reputation amongst an influential bunch of technology leaders (whatever their other foibles) is a nice bonus, too. They do have Miguel now, and that's great, so we'll see what happens.
  3. Lol! That's a very creatively-biased scenario you've come up with. In my opinion, it could've been done with one full-time Ripple employee, paid in XRP. They'd need to have that level of belief in the currency to do the job well. With a further small investment in cash of less than half an engineer a year (for tickets, flights and accom.), this employee could have been at every bitcoin/cryptocoin event globally for the past four years, and in the downtime have them nailing down every false rumour on the forums, securing good press etc. Ripple's merits alone are enough to warrant investment - we all know that - the problem is there has been very little done by Ripple itself to physically face up to what is presently their most accessible market for XRP: the people who invest time and money into bitcoin and ethereum, litecoin etc. Note I said *presently*... I'm not suggesting for one second that the current trajectory is wrong, needs to be changed, or shouldn't have been taken in the first place. I'm suggesting that for a minimal investment of time and/or money, a huge additional reward could have been, and still could be reaped in terms of positive impact on XRP price and volume. This is a mutually supportive scenario vis-a-vis the current focus - the further volumes, liquidity, increased market cap and price that could have been achieved by properly engaging the crypto-coin community would have placed Ripples total offering to banks in greater standing now. How embarrassing is our f***ng XRP chart? Wouldn't it be great if XRP wasn't a hard sell at this point? It's a major functioning benefit of the network - but only IF the volume etc is there. It's about the only weak part of the proposition they have. I'm suggesting it would take very little - but well-targeted - investment, to improve it. For example, just 25% of ethereum's activity alone being channeled into XRP in the past year, would have resulted in a doubling of the XRP price and a tripling of the volume. Or just 5% of ethereum, 1% of bitcoin and a few bits from the other alt's to have the same effect. It doesn't matter how you chop it up - the numbers are there. It requires no creative scenario - the people who buy and hold all of those things are exactly the type of people able to understand Ripple, what it means, and the technicalities of how to go about buying XRP. Almost all of them already have accounts at the only places an individual can buy XRP from, and the fact that any of them ( have done this already, is the primary reason we have any XRP price and volume at all. I'm just as hopeful that none of us, and none of the cryptocoin community will be needed for XRP to have stability in the future. If I wasn't, I wouldn't be holding any. But it doesn't take any great leap to see the benefit of consistent positive engagement, earlier.
  4. Ok, I'll restate it: if the bitcoin community had embraced ripple for the past four years, where would the price be today?
  5. Haha! Classic! The internet can be a small place sometimes...
  6. Oh I've thousands of them. I just don't think it's him, but it's a great idea and it'd be awesome if it was!
  7. The conversations that happen and friendships that form at events like these can spawn entire movements. I've seen it happen. You'll listen in on - and if you're lucky, be able to chip in on - a conversation, and then a few months or a year later you'll see what was discussed take real form. As for Branson, as far as I'm aware he's only a small part of the summit - it'd be more about representing Ripple to a bunch of influential leaders in the cryptocurrency and blockchain space.
  8. @Duke67 Posted recently about Sir Richard Branson and it got me looking into Bransons interest in blockchain technology (I've always been a fan of his!). I think Ripple should reach out to Branson, and - if possible - attend the next Blockchain Summit, which are held yearly on his private island. There are many reason for this: 1) If Ripple wants XRP to go up, it needs to be accepted by the bitcoin and alt-coin community. This community, like many, works from the top down - you connect with those at the top, and the effects of that trickle down. Those at the top also generally have a lot of money to put into exactly these types of investments, and are actively engaged in looking for them. In conferences I've attended, I've done my bit of talking & evangelising and in general I've found people to be incredibly mis-informed, yet still open to accepting new knowledge. (I've turned so many skeptics into investors Ripple should probably hire me to go to these things. ) And when I say mis-informed, I'm even talking about the very glitterati of the cryptocoin world whom you'd expect to know better. I only spoke to a handful of those, but even they were heavily mis-informed and/or ignorant about Ripple. If they represent the rest, it's likely one major reason XRP is currently underperforming. 2) Sir Richard Branson is ****ing cool, and a lot of people like and respect him, especially entrepreneurs and investors. As such, a tacit endorsement of Ripple, by way of an invitation to the event and just the general association in articles etc, would be great PR for Ripple with regards to, again, the type of people XRP needs to attract, and Ripple could benefit from attracting to the technology. 3) This particular summit has been a bit controversial in the past, and controversy is of course good for publicity, and good for *positive* publicity if it can be spun right. It's difficult to imagine a way Ripple's presence at the summit could be spun badly for Ripple, but yet it's good that the conference itself will likely garner a fair bit of publicity. (Most of the controversy centred around choices made by the organisers around gender representation and also the cooperation with law-enforcement in creating a taskforce to prevent illegal activity.) 4) Any blockchain/bitcoin event needs the influence of Ripple's key differences and innovations simply in order to have a balanced vibe. It would simply be a better summit. My role at conference events has primarily been to explain the key differences and innovations and *inspire* people with those. Because the Ripple technology is really cool, and inspiring! One of the key non-technological innovations is actually the direct link with the traditional banking world and legislative/regulatory authorities - something not common for those in the cryptocoin world, and generally somewhat lacking. If it were up to me (hah!) - I'd be asking @miguel if he'd like to go. From the little he's posted here, and what else I've read, I'm sure he'd be great at meeting the types of people I'm sure will be there. @JoelKatz, @Vinnie, @mDuo13, (and any other ripple employees that may be lurking...) - thoughts?
  9. I don't think "Bitcoin Branson" is Sir Richard Branson. The account seems to only retweet other bitcoin-related tweets with no original content, and seems to retweet topics in a style that does not fit with his public persona. He also hasn't linked to this account with his official account. There's also no reason to have two, unless he is trying to keep one secret - in which case putting his name and image all over it makes no sense. (And if he wanted it to be public and gain followers, wouldn't he tweet it on his official?) That said, Sir Richard Branson has in fact publicly been very supportive of blockchain technology and bitcoin, including tweeting about it several times on his official twitter,, and hosts the annual Blockchain Summit on his island.
  10. Exactly. Can't trust them.
  11. @T8493 Thanks for expanding on that! I'd just suggest that if the NSA recommends 384-bit keys for all classified information, we should all be using at least 2048-bit. (And Quantum Computing --> Automatic Crossbows?? )
  12. Interesting... Shor's paper presenting the algorithm for Prime Factorisation is titled "Polynomial-Time Algorithms for Prime Factorization and Discrete Logarithms on a Quantum Computer". The wikipedia entry for the Discrete Logarithm also states both Prime Factorisation and solving the Discrete Logarithm are applicable use cases for quantum computing.
  13. An international team of scientists have developed a blueprint for a working, scalable quantum computer, that they estimate could be fast enough - depending on optimisations - to factor a 1024-bit number in 14 days at the low end, or a 2048-bit number in 10 days at the high end. I think that breaks currently common RSA implementations at least? A working prototype would cost up to ~USD$125 million with a build time of 2 years. Here is a summary by The Independent. You can read the full article here.
  14. So, it could be anywhere from ~35k XRP to ~800m XRP depending on how thinly the transactions are spread amongst ledgers throughout that 24 hour period. There are 86400 seconds in a day, divide that by 3.5 seconds - the average ledger close time - to get a worst case divisor for bridging a given amount with a 24 hour period. But 800M would be correct if they had to bridge that amount in one hit, and instantly. (And $5m is, to be fair, a somewhat small amount in such a market.) I think the required value is what is *the largest* single transaction that would likely be required to be bridged through XRP instantaneously. Perhaps some indication of this could be found by digging into the data comprising the $19b yearly total.
  15. Thanks everyone! A flood of new people just came in - you're awesome! I had another idea... if you have seen a question asked here on xrpchat, and felt itwas a great question, with a great answer, could you summarise both the question and answer in a post, and/or post the links here on this thread? If you then re-post the question on the Area51 stackexchange site, another one of us can post the answer, and we make this happen! Also, I just posted this to reddit: