PunishmentOfLuxury

Can't thank you enough for this summary

This topic has been addressed a few times before here. Please do a search in the box at top right before posting. Just to help you out:

It would help if mods were much harder on the trolls. There are members here whose clear purpose is to throw negativity and misinformation around and hope some of it sticks. I'm all for constructive criticism of Ripple and XRP and most of us don't want an echo chamber, but these trolls are just here to annoy and destroy. I've been on this forum for nearly four years (and XRPtalk before that) and this is the worst it's ever been, by far. So many quality contributors have left. It's time for persistent trolls to be banned.

So my follow-up question is: why would a noob user ever need to know about this seed or have access to it?

Someone please clarify the difference.

@SimpleXRPTools Very good post. The terminology surrounding XRPL account keys is inconsistent and really confusing, unless you are a cryptography expert. I think we need definitive, consistent and non-technical (as much as that is possible) definitions of the following: 1. XRPL account address - the string beginning with 'r'. 2. Master key, secret seed, master seed, private key (if those are all the same entity) - the string beginning with 's'. Let's just have one term for this, please. 3. Regular key - does that begin with an 's' as well? Why would you want to use a regular key instead of the master key, assuming the latter has not been compromised? 4. Any other XRPL account keys I haven't thought of.

Over 25,000 sales outlets in France to accept cryptocurrencies from 2020 Only BTC initially, but may expand to other cryptos later.

More heat than light in that thread.

A PDF with examples: https://www.ripple.com/wp-content/uploads/2019/09/RippleNet-On-Demand-Liquidity.pdf GoLanceInc is a customer. No idea how big they are:

These links are dead - any other source for equivalent functionality?

If I had serious doubts about the validity of the secret key, I'd make a small test transaction as you propose, but it's not strictly necessary. I'm sure I've read that there's another way to validate a secret key without making a transaction - hopefully someone else will chime in with the details. If you're super cautious you may also want to read up about the biased nonce vulnerability (don't do anything drastic - it's a very small risk applying to accounts created with old versions of Rippled, and as long as you have not made more than one signed transcation with the account, you're safe). For cold storage, transferring to a hardware wallet just introduces potentially more vulnerabilities, room for errors, and you still have to keep the recovery mnemonic for the wallet safe somewhere, so your XRP would be no safer, as far as I can see. EDIT: This was an answer, but the links are dead (btw the whole thread is worth reading): @Warbler is trustworthy. I had a quick look at his Bithomp Tools, which is claimed to be able to validate secret keys, but it wasn't obvious how. Maybe Warbler will elucidate.

Don't get too excited: https://www.reddit.com/r/Ripple/comments/d5j0mr/incoming_securities_suit_response/ Courtesy of Dledgert:

This doesn't seem to have excited the same interest as other recent appointments. Is he any good?

Fidor were early partners of Ripple, but never used XRP, as far as I know. I believe Fidor UK is ceasing operations. Now Fidor.de, which prides itself as a low-cost, disruptor bank is going to start charging a fee for its current account, EUR5 per month. You can avoid that by making a minimum number of transactions, but if you're just using it to move EUR out of Kraken (very fast and easy via SEPA, because Fidor is Kraken's banker) then you're going to have to pay. Just a heads up for those of you that may have engaged with them. http://newsletter.fidor.de/optiext/optiextension.dll?ID=iQRiTeViDai9bOoBBOglvxF5T5UOUlgZfReHnnWJGEz4J2D4bTDy7i10CamOJOzi4RRaHbmIuCEDVt1eESXnZ7WpycD4H

Re the Triffin paradox, there are good reasons for the USA defending the dollar's position as reserve currency: https://ggc-mauldin-images.s3.amazonaws.com/uploads/pdf/TFTF_Aug_23_2019_3.pdf

Very interesting data. XRP no doubt does get a lot of hype tweets, but also a lot of FUD tweets - how do they distinguish the two? Also wouldn't the 'greater fool' strategy work best with the most-hyped coins?

One economic commentator's view on Libra: https://www.mauldineconomics.com/frontlinethoughts/money-of-the-future ... with an honourable mention for EpsilonTheory.

Is it possible that they thought they were stating the fee in drops? In RippleRM wallet, I believe, all transaction values are in drops, for example.

This may help: How can I verify that a secret key is valid?

Assuming you never made a record of the secret key (long string of characters starting with s), then you're stuck. You absolutely need the password associated with the wallet txt file.

But how good is the exchange rate? Fees can be hidden in a poor rate.

Very good interview. Many interesting points from straight-shooting DS, but I just want to pick out a couple of disappointing aspects: He seemed to imply that the SEC is moving the goalposts as regards the security issue and sounded less than 100% certain about the status of XRP. And he said that the court case which may lead to regulatory clarity is going to take "a couple of years". Nevertheless, the interview was extremely positive overall.

All todaysgibberish articles are a waste of time. Just block the people who post them.

Yes, that's the tweet I meant. NikB doesn't mention the word retail, as @codiusrex claimed. He is also drawing the comparison to show the XRPL in a favourable light compared with Libra, not the reverse.

"That is true. I have worked in 2 Swiz projects in last 6 months with this magnificent combo". What does she mean by Swiz? Swiss?