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jlr

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  1. Hi, I tried to setup in Metamask the connection to Songbird network, but I keep getting "Could not fetch chain ID. Is your RPC URL correct?" It seems each fields are seems to be correct. Any idea what's the problem? Thanks
  2. This is undoubtedly a good news. My problem was that the report highlighted that XRP is highly centralised which I don't agree with.
  3. """ Ripple and XRP enjoy the trust of many banks as a model for CBDCs because it is highly centralised and is based on a permissioned network where only certain network nodes can validate transactions, as opposed to decentralised and permissionless Bitcoin and Ether (Takashima, 2018; Chase & MacBrough, 2018). Ripple also allows the creation of new currencies and Ripple developers can decide the timing and quantity of supply in a similar way to current central bank operations. """ Should I believe this article?
  4. Ok. It is no doubt good for XRP. But why is it chosen? What is the exact advantage against other solutions?
  5. Would be great if somebody could explain what it means the whole thing and how it works? Eri said (I am not native speaker so I might misunderstand something) : "Sumitumo is going to make future transactions with FxCoin to hedge price movement by selling the XRP back to FxCoin on a specific date what that does is it allows Sumitumo to lock in a future price which is so important and revolutionary for trade finance. This is really genious" Why is it so revolutionary? Is it only a "plain" future trade, isn't it?
  6. DLT and Blockchain are used as synonyms, but in fact Blockchain is a subset of DLT. So each Blockchain is DLT, but not each DLT Blockchain. It is a good choice for using DLT term in that paper. David Schwartz defined Blockchain here (actually it is a pretty cool definition ) https://www.distributedagreement.com/2018/09/24/what-is-a-blockchain/#more-707
  7. Hi @Quadear, Your own time and the node time are not synchronized. Your server and XRPL node time must be different. If you check only the ledger_time you will see there is no mixing in timestamps. jlr@jlr:~$ date -d@1599723590 Thu 10 Sep 09:39:50 CEST 2020 jlr@jlr:~$ date -d@1599723591 Thu 10 Sep 09:39:51 CEST 2020 jlr@jlr:~$ date -d@1599723592 Thu 10 Sep 09:39:52 CEST 2020 jlr@jlr:~$ date -d@1599723600 Thu 10 Sep 09:40:00 CEST 2020 jlr@jlr:~$ date -d@1599723601 Thu 10 Sep 09:40:01 CEST 2020 jlr@jlr:~$ date -d@1599723610 Thu 10 Sep 09:40:10 CEST 2020 jlr@jlr:~$ date -d@1599723611 Thu 10 Sep 09:40:11 CEST 2020
  8. I have made rough estimation how big news RippleNet integration into SWISSRoute. Of course more accurate estimation can be made (ex. I wasn't working numbers from same date), but just I wanted to get some impression what it means in numbers. https://issuu.com/ibismarketing/docs/swissroute_total_messaging_brochure (2014 - 33 million messages/ MONTH - [SWISSRoute]) ~= 1 million messages / DAY https://www.swift.com/about-us/swift-fin-traffic-figures (2020 Jun - 37.9 million FIN messages/ DAY - [SWIFT]) [I am not sure if it's enough to calculate with only FIN messages] SWIFT handles 5 Trillion / Working day ==> 5 * 23 / 30 == 3.8 Tillion / DAY 1/37.9 == 2.6% of SWIFT message go through on SWISSRoute. ===> 100billion $ / Day (if equally distributed) ===> assume only 5% volume goes through on RippleNet of Total at first (because It seems RippleNet messaging part is far efficient than SWIFT). ===> 5 billion $ / Day on Ripplenet ==> "In Q2 2020, ODL accounted for nearly 20% of RippleNet volume." (https://ripple.com/insights/q2-2020-xrp-markets-report/) ===> 1 billion $ / day XRP volume. Summary: I used rough estimations at several place and finally I got that the SWISSRoute integration might cause around (100 million - 1 billion $/ Day) utility volume growth on XRP ledger at first. Let me repeat myself: I might wrong...
  9. Currently Ripple is behind the planned distribution curve with 10b XRP https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/
  10. fyi : Lawsuit against Tether and Bitfinex for manipulating cryptomarket. No surprise, but at least there is some progress. You can read the details about it here: https://www.courtlistener.com/docket/16298999/leibowitz-v-ifinex-inc/ ...and there are many tweets posted regarding this topic
  11. Unfortunately I didn't find the reference about Ripple selling from JoelKatz, but he said once Ripple has three different ways to sell XRP. 1) Sell OTC on normal market price. 2) Sell OTC below the market price with restriction (restriction can be how to use it/when to sell it, etc.) 2) Sell on exchanges with normal market price as well. I hope this helps
  12. ethnews.com is said to be "Dangerous Web Page Blocked". Is there any other source of this news? ok. i know ... google is my friend... Here it is : https://cointelegraph.com/news/brazil-central-bank-adopts-imf-guidelines-for-crypto-classification
  13. Thanks @Sukrim and @karstnDE, You gave me a good starter. I am going to digest it if something is not clear then I'll come back to you.
  14. Ok, but why? While in the case of Bitcoin blockchain it is easy to validate blockchain intergrity. Just iterate on blocks and calculate hash on that and check if that hash is equal to prev.hash of the next block. But if you changed anything in the chain it would be extremely difficult to create new hashes from the modified block till the end. Why cannot I counterfeit any closed XRPL since you mentioned it is easy to create reference to the prior closed ledger? So I would modify a ledger and recalculate secure reference for the closed ledgers till the end. How can I figure out if whether I work with genuine XRLLedger or not? This problem must be solved, but I don't know how. Thanks,
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