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About jlr

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  1. 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
  2. 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
  3. 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.
  4. 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,
  5. @karlos, Could you please move this topic to the Technical Discussion? I have no permission to do that.
  6. Hi, Definition of the Blockchain according to the JoelKatz blog (https://www.distributedagreement.com/2018/09/24/what-is-a-blockchain/) """ A blockchain is a series of states of a distributed ledger where each state, except the first, contains a secure reference to the prior state and sufficient information to demonstrate that the transition from that prior state is valid according to the system’s rules.""" It is clear for me how it achieves 'secure reference' in the case of Bitcoin block since if we changed any piece of byte in the block it would be revealed quickly with hash calculation. On the other hand it would be hard to reproduce hash value for the modified block with the proper difficulty level. My question is how does XRPL create secure reference to the prior state? since in the case of XRPL there is no such concept that we called difficulty level of hash (number of leading zeros). How could be secure? Why is it hard to create and easy to check the secure reference in XRPL? Can you explain me how it works? Thanks in advance
  7. We already have a thread with the very same topic:
  8. Hi, I have just found this tweet that you might find it interesting as well. There is an article on IBM domain which mentioned Ripple and XRP many times (among other crypto things)
  9. Like what Ripple "offers" to solve chicken egg liquidity problem on XRP Ledger. (Xpring) https://ripple.com/insights/welcome-to-xpring/ Decentralized exchange has the same problem. If nobody use it then there won't be liquidity on the exchange. If there is no liquidity then nobody will use it. So some "incentive program" needed in order to boost up the usage the decentralized exchange. Do you agree if that a problem? Or Don't I understand the problem totally?
  10. Yes, XRP Ledger has decentralised exchange feature. What you mentioned could work and might fit into my requirement, but unfortunately it seems currently that exchange has no liquidity. Btw is there any incentive plan to use this promising feature of XRP Ledger?
  11. Yes, I also feel that I am not totally clear. So let's say I have/own a bank which has already connected to Ripplenet and my customer wants to buy MXN. I could easily move his/her GBP to MXN, but can I buy MXN on behalf of my customer in the best possible price using Ripplenet? So on one hand I can move money cross-boarder on the cheapest path (Ripplenet can do that), but is there a general method to BUY foreign currency on the cheapest price for my customer? I want it automatically like in the case of money transfer.
  12. I would be interested in this buying process from banks viewpoint. Like in the case of Ripplenet I want to find the cheapest exchange automatically to buy Peso. Let's assume we have many Bitso-like exchanges and I want to pick the cheapest one automatically without being its customer. Similarly if I wanted to send Peso to Mexico from UK using Ripplenet then I don't need to be Bitso customer. But that is about money transfer, not about buying foreign currency.
  13. As I mentioned my question mainly theoretical. I simply just want to own Peso (for example I firmly believe that the Peso will be getting stronger in the next couple of month) AFAIK banks get foreign currency quotes from different sources and get currency from the cheapest path for their customer. I'd like to know is there any better (more simple), cheaper, faster, 7/24 solution for the banks using with Ripplenet.
  14. Hi, Ripplenet technology can be used for cross-border payments. For example I can transfer my pounds into Peso using Ripplenet. Briefly use case is I have GBP and my counterparty receives Peso in Mexico. That's ok. Commercial banks have such service which help their customers to quote and buy foreign currencies. Usually it is rather expensive. Why is it so expensive? Is it possible to replace the current banking process with a cheaper solution? I don't mean an alternative solution like Revolut, but inside a bank using Ripplenet. Theoretical question: Is there any solution to buy cheaply Peso in UK using Ripplenet? If not possible then is there any development on XRP ledger which is about to solve this problem? XRP Ledger has On-Ledger Decentralized Exchange feature which might solve this problem, but AFAIK it is not still not used. Thanks, jlr
  15. Nice catch, you are right, the SWIFT column should be blue, since it contains (If I am right) 500 squares and 1 blue square == 10b$ takes 500*10b$ == 5t$. The same true in case of nostro/vostro.
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