Roborovskii

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  1. Roborovskii liked a post in a topic by Hodor in Ripple and The Keys to Asian Commerce   
    https://xrphodor.wordpress.com/2017/06/26/ripple-and-the-keys-to-asian-commerce/
    My latest blog entry!  I cover Ripple's progress in Asia and talk about the sheer size of this market.
    Feel free to link to the blog, tweet it, quote it, whatever!  Thanks for reading. 
  2. R8102V1D2D liked a post in a topic by Roborovskii in Why sell xrp to individuals?   
    When XRP was created, the vision for Ripple's use-cases were clear, but the route to get there was still very vague (Jed had differing ideas & ILP was not yet envisioned). It was (and still is) normal for ICOs and the sale of tokens to form a revenue stream, although in Ripple's case they also had very good institutional funding.
    So it isn't really a matter of 'why' XRP can be sold/held by individuals, but just knowing that it always had been in Ripple's history. As of now, some utility in providing liquidity and token acceptance can be viewed as the main reasons as to why XRP continues to be held by individual public hands.
    With payments use-case coming online soon™, XRP can and will probably be filling that role as a payment currency held by individuals. But for that to go full steam, there is a lot more work to be done in getting the masses to know of, and accept XRP as a recognized digital currency.
  3. Roborovskii liked a post in a topic by hamasugu in SBI is preparing to use XRP (Japanese press release)   
    http://www3.nhk.or.jp/news/html/20170626/k10011030141000.html
    SBI Virtual Currencies  is advancing preparations.
    It was introduced in Japan Broadcasting Corporation (NHK).
     
  4. R8102V1D2D liked a post in a topic by Roborovskii in Why sell xrp to individuals?   
    When XRP was created, the vision for Ripple's use-cases were clear, but the route to get there was still very vague (Jed had differing ideas & ILP was not yet envisioned). It was (and still is) normal for ICOs and the sale of tokens to form a revenue stream, although in Ripple's case they also had very good institutional funding.
    So it isn't really a matter of 'why' XRP can be sold/held by individuals, but just knowing that it always had been in Ripple's history. As of now, some utility in providing liquidity and token acceptance can be viewed as the main reasons as to why XRP continues to be held by individual public hands.
    With payments use-case coming online soon™, XRP can and will probably be filling that role as a payment currency held by individuals. But for that to go full steam, there is a lot more work to be done in getting the masses to know of, and accept XRP as a recognized digital currency.
  5. Roborovskii liked a post in a topic by Live4xrp in Is XRP a "one trick pony"?   
    Ripple xplains on it's own website...https://ripple.com/technology/
    Ripple Connect
    Ripple Connect links the ledgers of financial institutions through ILP for real-time settlement of cross-border payments in a way that preserves the ledger and transaction privacy of the financial institution. Additionally, Ripple Connect provides a way for banks to exchange originator and beneficiary information, fees and the estimated delivery time of the payment before it is initiated — providing unprecedented visibility into each transaction.
     

  6. Roborovskii liked a post in a topic by JoelKatz in $27 Trillion Market - Bank DLT and Blockchain Insider Claims Ripple Pivoting Away from XRP   
    He says this:
     
    Either he doesn't understand the difference between payment and settlement or he's deliberately trying to mislead people.
    Also:
    Actually, we've done precisely the reverse. Just a few months ago, we didn't even have a link to XRP on our home page. Now, it's up front in all of our messaging.
    Lastly:
    This really makes no sense at all. We hold over 60 billion XRP with a notional value of over $20 billion, which we can sell over time at near zero cost (assuming the price and liquidity holds). You think our bank software business will be anywhere close to that any time soon? How many banks do we have to sign to get as much revenue as a 1 cent increase in the price of XRP? 100? 300?
    But, of course, we don't have to choose because they both go together perfectly. Every bank that adopts our services and network is one more endpoint whose payments can settle over XRP the instant the liquidity is there.
    As for it being "potentially impossible", I would just say that it's very unlikely that we won't ever have instantaneous global settlement. If there's a technology or product in existence that can do this better than XRP, please tell me what it is. And if you're talking about something not in existence, why would you think we'd find it impossible to compete with something that doesn't even exist yet? And remember, right now we hold more than half the XRP that will ever exist. If getting banks to buy XRP was the bottleneck, we could easily just give it to them.
  7. will4star liked a post in a topic by Roborovskii in [Video] Should You Invest In Ripple XRP? The Cryptocurrency The Banks Control!   
    Yep, i share the same opinion as you. That is why I found his current valuation of $10 too lofty.
  8. Xi195 liked a post in a topic by Roborovskii in [Video] Should You Invest In Ripple XRP? The Cryptocurrency The Banks Control!   
    A $10 current valuation is too lofty. I do share his opinion that XRP is undervalued, but at the present moment, I think a valuation of parity is more realistic. This taking into account that SBI's eco-system is starting up end-July to August. And banks don't control XRP. 
    BTW @xourexe thanks for sharing!
  9. Darko liked a post in a topic by Roborovskii in Market Conditions - June 22th, 2017 5.50 PM EDT   
    @R8102V1D2D Thanks for the updates!
  10. Darko liked a post in a topic by Roborovskii in Market Conditions - June 22th, 2017 5.50 PM EDT   
    @R8102V1D2D Thanks for the updates!
  11. techmedia liked a post in a topic by Roborovskii in XRP... price fixing?   
    Looks like a normal chart to me. If one were to call price fixing, it would look more like the XRP chart before March 2017... but even then, I doubt there was any. Massive gains come with massive retracements.
  12. danmidou liked a post in a topic by Roborovskii in Ripple for dumdums - a layman's explanation   
    I compiled some of my previous replies to create this for those who may be new.
    Ripple Consensus Ledger (RCL) basics | [XRP-Ledger]
    RCL is a “record book” that keep tabs on Trustlines and IOUs (and more).
    ** RCL is now being referred to as "XRP-Ledger" by Ripple, while IOUs are now known as "Issuances".
    IOUs | [Issuances]
    ·         Every account on RCL can issue an IOU.
    ·         IOU = “I owe you” in short. A token representing an amount owed to someone.
    ·         For example, I can issue USD.roborovskii or EUR.roborovskii or XAU.roborovskii, basically anything except XRP which is the reserved native token.
    ·         If you have 10 USD.roborovskii in your RCL account. It would mean that I (roborovskii), owe you 10 USD as recorded on RCL.
    ·         IOUs issued by another person are seen as USD.anotherperson, EUR.anotherperson, XAU.anotherperson, etc.
    ·         Note that on RCL you may not see USD.anotherperson (the name), but the actual account’s public address (USD.rxxxxxxxxxxxxxxxxxxxxx).
    ·         IOU tokens issued by different accounts (people or gateways) are treated as different tokens even if their symbols are the same. I.e. USD.roborovskii is different from USD.anotherperson
    Trustlines
    ·         A trustline is simply the amount in which you are willing to trust another party for.
    ·         E.g. The amount in your bank account can be seen as IOU tokens, and what you have is basically a “trustline” of at least that amount extended to the bank. If you only dare trust your bank for a maximum of 10,000 USD. Then your trustline can be said to be 10,000 USD extended to your bank. And you would never hold more than that in your account.
    ·         Trustlines on RCL - You make a deposit of 1000 USD to Bitstamp through a bank transfer. You NEED to set a trustline to Bitstamp on RCL for at least 1000 USD, or Bitstamp will not be able to credit 1000 USD.bitstamp (IOUs) to your RCL account.
    ·         Once you do, Bitstamp would then be able to send 1000 USD.bitstamp to your RCL account.
    ·         It is a common problem that new users forget (or do not know how) to set the trustlines. They transfer the money to the gateway, and wonder why they are not credited on RCL.
    ·         E.g. If you do not set a trustline to me, I can never send you any IOUs. If you set a trustline to me for 100 USD, then I can only send you 100 USD.roborovskii maximum and not more than that.
    A network of trustlines bridged by orderbooks and market-making
    On RCL there are orderbooks where currency (or IOU) pairs are traded by market-makers and traders (examples):
    USD.bitstamp : BTC.bitstamp
    USD.gatehub : EUR.gatehub
    USD.bitstamp : USD.gatehub
    Remember that USD.bitstamp and USD.gatehub are treated as different tokens.
    (Ideally, tokens with the same name would be valued at 1:1, but in reality, this isn’t so - due to the differentiated number of trust participants and valuation. E.g. 10,000 people trust and use USD.gatewayX, but only 100 people trust and use USD.gatewayZ. The USD token for gatewayX would naturally be valued more than gatewayZ due to more participation, thus more volume in orderbooks and more liquidity.)
    The problem: If you had 1000 USD.bitstamp and you want to pay your friend 100 USD, you will NOT be able to send him the 100 USD.bitstamp if his RCL account does not have a trustline setup to Bitstamp. Perhaps he only has a trustline setup to Gatehub. In this case, he can ONLY receive USD.gatehub. This problem of sending IOUs to someone with different trustlines is where bridging comes into effect.
    For the following example of bridging USD to USD, let's assume the exchange rate is an ideal 1:1
    - When you send your friend 100 USD.bitstamp on RCL, he would receive 100 USD.gatehub through the orderbooks that are filled by the market-makers and traders.
    - If you had a friend in Japan who only trusted JPY.MrRipple, sending him 10 USD.gatehub would bring out an option for him to receive 1137 JPY.MrRipple. This again is bridged by the orderbooks trading the pair USD.gatehub : JPY.MrRipple.
    What is, and why XRP?
    XRP is Ripple Consensus Ledger’s (RCL) native token. It is not issued by any account and was created together with RCL with a finite quantity of 100 billion; no more XRPs will ever be created again. The number of XRPs will decrease over time as it is consumed for every single transaction that is made. Being a counter-party free token, you do not need any trustlines to send or receive XRPs.
    XRP is used when you:
    1.       Activate an account on RCL (open a wallet): 20 XRP reserved
    2.       Create a trustline: 5 XRP reserved
    3.       All transactions (buy/sell/bid/ask/send/cancel): Variable transaction cost
    The variable transaction cost increases as the load on the network increases. This acts as an antispam measure to prevent attacks on the network.
    Towards a reserve currency
    As the native currency on the network with no counter-party dependence, XRP would naturally be the bridge currency of choice between entities with no direct trustlines. With the ability to provide no more than 2 degrees of separation to both entities, costs can be reduced greatly by avoiding multiple hops across orderbooks. See https://ripple.com/xrp-portal/
    Banks & Market-makers
    It is a common misunderstanding that banks will (as a business entity) hold XRP. The main holders for XRP are market-makers (MM). Market-makers bridge currency pairs as well as XRP through arbitrage algorithms. To do that, they need to hold various currencies and XRP on the Ripple network (RCL). Profit in MM is greater with higher network utility, and will likely be very profitable given the volume of global remittance. While MMs themselves may be subsidiary of banks, it is more likely that they are managed like investment funds. Private investors will place money with these MMs (e.g. Japan-Asia MM Fund, India-Singapore MM Fund, Asia-Europe MM fund) for earnings. Therefore, the risk of holdings are placed onto investors in exchange for profit made from network utility through market-making. Addressing volatility: The percentage volatility is high today simply because the number of participants (holdings of XRP) is comparably low. This can, and will likely be addressed through higher participation and thus pricing. If you look at bitcoin today, the % change isn't as high as other alt coins that have lower participation. More participants, higher price, less volatility.
    In essence, banks won't use XRP directly. MM+RCL = RC-Cloud. Ripple Connect links them to this cloud.
    RC-Cloud : The combination of RCL + Market Makers as a black box solution. This is essentially what they have termed the "Ripple Solution". This is a solution to the fact that banks as a business entity do not want to hold large amounts of any digital currencies in their books. Using RC-Cloud the risk of digital currency holdings are placed onto market-makers who in turn profit from network utility. To the banks, whatever volatility happens in digital currencies are transparent to them (in the cloud), and they are only interested in the inputs and outputs (remittance utility). See screenshot taken from https://www.youtube.com/watch?v=otERf5Nn9e8
    Added this link in case anyone's wondering how profitable market-making is - https://ripple.com/insights/the-life-of-a-ripple-market-maker/ 
    Note that in 2014-2015, RCL's volume is not nearly as high as it is today. With global remittance utility, you can only dream of how much profit MM funds will reap.
    The Intrinsic Value of XRP
    Market-makers require funds to fill the orderbooks. The more funds they have, the larger their “net” will be in capturing arbitrage opportunities.
    With high global remittance utility, the need for liquidity/volume will also reflect that. This gives opportunities for market-makers to earn higher profits. The less market-makers there are, the bigger the cake they can each take. Naturally, more market-makers (or investors) will come on board to grab their share, bringing in more MM-funds and thus also raising the XRP price. This naturally increases liquidity/volume on the orderbooks to meet that need. The cycle essentially creates an organic balance in the system of utility, liquidity/volume and thus token pricing. While there will always be ebb and flows, the organic direction is towards balance.
    The intrinsic value of XRP therefore depends on the utility of the network (at the moment targeting global remittance as the core) as well as its position as the ideal bridge currency on RCL.

    ** Apart from remittances, the 2nd major use-case for XRP being actively pushed by Ripple is in payments. Payment volumes would increase network utility as well as provide the needed volumes for remittances. Both use cases can thus be seen symbiotic in nature.
     
  13. Roborovskii liked a post in a topic by zerpdigger in [Video] Should You Invest In Ripple XRP? The Cryptocurrency The Banks Control!   
    not if xrp is used to unlock a significant portion of the 27 trillion in global capital float
    but from a "cryptocurrency" type speculator perspective, then yes -- past a dollar or more it needs to be driven by institutional money imo 
  14. Roborovskii liked a post in a topic by JoelKatz in Valuation Models - XRP The Digital Currency Vs. Ripple the Company   
    I don't think so. It reflects no change in our strategy. I was originally opposed to the lock up because I didn't think it would make any difference. It just eliminated one silly bit of FUD about how we could destroy the value of XRP if we wanted to -- but we clearly don't.
  15. Roborovskii liked a post in a topic by Professor Hantzen in An Easy Introduction to Interledger   
    Just had the honour of having my first contribution included in the Interledger RFC's. 

    You can check it out here:  Interledger: Explain Like I'm Five

    It's an easy introduction to ILP in the spirit of reddit's "ELI5" tradition. It's a short read (maybe 10-15 minutes), going over the basic conceptual components of Interledger and gently touching on some of the underlying cryptography.  Any feedback is most welcome!

    (Planning to update it with diagrams soon.)
  16. Roborovskii liked a post in a topic by R8102V1D2D in Market Conditions - June 22th, 2017 5.50 PM EDT   
    ** Disclaimer 01 : This is my personal opinion only 
    ** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience
    ** Disclaimer 03 : To remind a general market sentiment, do NOT trade with funds you cannot afford to lose. Novice markets are always very turbulent until mass adoption and maturity. Definitely NOT for the faint hearted.  
    ** Important Note : NO information in this post is intended to aid short term/ day and/or swing trading. All summary projections are from few months to a few years in range. 
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    || Type:  This is a quick signal change update only and not strategic.
    Summary:
    ~~~~~~~

    In continuation to the previous markets report, where I derived the following:
    Today, i have observed few key signals. They are as follows :

    >> Slopes dynamics have further improved. 
    >> Demand curve has further improved.
    >> close to close - PVI has fallen - impatient/unstable money/investors have got bored and moved away for now
    >> close to close - NVI has greatly improved - Smart and strategic money flow has increased.  
    >> Accumulation has kept positive growth and has not reduced. both + and - directional indicators are healthy. ( aka: healthy market interest and buy/sell curve ) 
    >> Momentum has increase by a decent step.  positive oscillation is overpowering the negative momentum in a consistent manner. 
    and most importantly, all of this has been consistent more or less across the global markets, through all major traded XRP currency pairs. XRP Dynamics especially with USD and BTC ( which were lagging ) has improved greatly. 
     Technical Conclusion:
    ~~~~~~~~~~~~~~~~

    bereft of any sudden bad/good news, sell off's or other external induced panic & market moving conditions - Just as we are, even without any new significant good news - We shoudl be starting a gradual, spiky but slowly stabilizing uptrend from here. 

    Kindly, R8
     
  17. Roborovskii liked a post in a topic by xourexe in The $900 Billion Problem – How Ripple Makes Bank To Bank Transfers & Compliance Faster & Cheaper   
    https://news.bitcoin.com/bitcoin-com-podcast-stefan-thomas-ripple-labs/
     
  18. xrpfx liked a post in a topic by Roborovskii in Is there any merit to this anti-Ripple position?   
    I would like to add on that.
    XRP would naturally be used first for inefficient corridors, but that doesn't make it less useful for already efficient ones.
    USD -> GBP may be currently efficient, but that takes place on the current antiquated system. Nostro accounts are still used, speed is still a couple of days, and fees are still... well what they are today. Already we can see how XRP-Ledger has many advantages over these efficient corridors.
    So now people would ask the question. What if banks just transfer their current USD -> GBP onto XRP-ledger (RCL) without actually using XRP?
    Yes, that is also possible. But let's not forget about "trust" and counter-party risk.
    E.g. USD.bankA -> GBP.bankB. How about then for USD.bankB -> GBP.bankC? Or USD.bankC to GBP.bankD?
    Not all issuances (IOUs) are equal as each has a different counter-party risk based on the issuer. Without XRP, multiple nostros held by banks would still exist. Even (and especially) on the large, shared and efficient corridors, nostro amounts are enormous; thus wasted capital tied up for the purpose. @zak833 This is why understanding Ripple from the ground up is important.
    So while it is true that the less efficient corridors will start-up on the use-case first, it doesn't mean that the efficient ones will not eventually switch over.
    *** ADD ***
    Just a very vague and general example of nostros and how XRP may help. Suppose I am Bank-X and I have nostro accounts held as such:
    Less efficient corridors:
    1) 1mil USD worth of THB.Bank-ThaiA (80% utility in May)
    2) 500k USD worth of THB.Bank-ThaiB (20% utility in May)
    3) 5mil USD worth of KRW.Bank-KorA (95% utility in May)
    4) 2mil USD worth of KRW.Bank-KorB (92% utility in May)
    More efficient corridors:
    5) 10mil USD worth of INR.Bank-IndA (87% utility in May)
    6) 20mil of USD worth of GBP.Bank-BritA (94% utility in May)
    7) 20mil of USD worth of EUR.Bank-EurA (88% utility in May)
    I would be holding THB, KRW, INR, GBP and EUR worth a total of 58.5mil USD with counter-party risk of 7 different banks. And from the utilization, it appears I would now need to reduce THB.Bank-ThaiB nostro account to free up capital that is wasted.
    The management of multiple nostro accounts not only ties up capital, but also requires micro-management and liaising with correspondent banks. These are the overhead costs that incur fees. With XRP and the Ripple-Cloud solution, all nostro capital is freed up as well as the need for management of the funds and correspondences. This work and risk of holding funds are placed onto the market-making businesses/managed-funds for profit.
  19. Xi195 liked a post in a topic by Roborovskii in [Video] Should You Invest In Ripple XRP? The Cryptocurrency The Banks Control!   
    A $10 current valuation is too lofty. I do share his opinion that XRP is undervalued, but at the present moment, I think a valuation of parity is more realistic. This taking into account that SBI's eco-system is starting up end-July to August. And banks don't control XRP. 
    BTW @xourexe thanks for sharing!
  20. Roborovskii liked a post in a topic by xourexe in [Video] Should You Invest In Ripple XRP? The Cryptocurrency The Banks Control!   
    One has to think that something is really changing when finally finds a youtuber who actually knows Ripple/XRP and argues on the basis of reason and not fundamentalism. I wouldn't dare to venture prices, but I subscribe everything else that he says, point by point. It's like if he had taken it out of my head. Whoever needs reasons to believe in Ripple/XRP, just listen to what thi guy says
     
  21. Roborovskii liked a post in a topic by Xi195 in The Internet of Value: What it Means and How it Benefits Everyone   
    A new Ripple Insight article:
    https://ripple.com/insights/the-internet-of-value-what-it-means-and-how-it-benefits-everyone/
    On ILP:
    It's good to remember we're still in the early days. Blockchain and accompanying cryptocurrencies will take years or longer to mature.
     
     
  22. OctagonFS liked a post in a topic by Roborovskii in Central Banks   
    XRP and other digital currencies form a whole new asset class. So new in fact that most FI's do not yet have substantial holdings in their portfolios. This is one thing that is fueling speculation for XRP - the vacuum that may drive future demand.
    A bank or financial institution may not want to hold more of the same. With so much value stuck in the system (especially in derivatives), FIs are dying to diversify. If they have not yet diversified into fiat today, they would also not want more fiat in the future. Fiat is inflationary and unlimited, XRP is intrinsically deflationary and limited in quantity... with a whole lot of room to grow.
    I speculate that the future with IoV will be dominated by 2 types of currencies. Fiat issued by countries, and digital currencies whose values are pegged to their use-cases; all of which flow seamlessly in the new financial eco-system. As such, the idea of a one world currency will become obsolete and unnecessary (bad and unworkable idea in the first place).
  23. Roborovskii liked a post in a topic by wslcrew in Interesting read - Status ICO Highlights Inherent Flaws of Ethereum’s Blockchain and MyEtherwallet   
    I've been seeing many people complaining issues with Ethereum network caused by yesterday's STATUS ICO on other forums today. Interesting read.
    https://themerkle.com/status-ico-highlights-inherent-flaws-of-ethereums-blockchain-and-myetherwallet/
  24. Roborovskii liked a post in a topic by JGgirl in Payza Expands Its Cryptocurrency Exchange to Include Ethereum, Ripple   
    http://www.prnewswire.com/news-releases/payza-expands-its-cryptocurrency-exchange-to-include-ethereum-ripple-litecoin-and-more-bitcoin-alternatives-300477345.html
  25. Roborovskii liked a post in a topic by JGgirl in Cryptocurrencies: the world beyond bitcoins   
    http://www.livemint.com/Money/d9Xt1QNdx7ED6iyaMZfajI/Cryptocurrencies-the-world-beyond-bitcoins.html