WillGetThere reacted to SteveOlivier in xrpnet.ch
Hi to all,
I am very new here but I am Swiss resident. See your discussion and couldnt pass without putting out my comment, hopefully it will be usefull for everyone.
First about Bitnuk AG (platform Bitnuk.com). There is no need to spread information wrong when you can find all in the internet and very easy.
1. Bitnuk AG is a registered company in Switzerland, ZUG. It has the address, phone number and people on the board. You can check this at moneyhouse.ch
2. Bitnuk is a company which is regulated and licenced for it activity by SRO ARIF, FINMA member. Finma is the main authority in Switzerland to licence all financial entities. To prove that Bitnuk AG is licenced you can search their name at :
Type name : Bitnuk AG and you will see that it is there in the list.
By only having these facts - there can be no moe discussions if the Bitnuk AG is legitimate or not. Its obvious even looking to the mentioned websites.
3. Fact number 3 , you can check various articles online about Nitnuk AG activity and there are no negative references.
4. Bitnuk AG is not open for worldwide registration, this is premium type of the service , first for the qualified investors and do not hold the open registration for all internet. You have to request ability to be registered. That would possibly explain why they have so few downloads on Appstores.
5. Bitnuk AG has nothing to do with Ripple and XRP. Its exclusively for the Bitcoin and Quantum coins.
Now to go back to the second part of the question:
Company XRP2CARD OUY seems to be also licenced and regulated company. You can check this at:
The company is licenced by Estonian Finance Institution for the crypto type activity.
Its obvious from the infomation in the footer they provide that they use Bitnuk AG as a liquidity provider for theire crypto operations. Which is absolutely normal and legitimate.
All this information could be foundin the internet and front-top search engine pages.
Hopefully my information was helpful guys
WillGetThere reacted to baggy23 in Thoughts on Cinnamon Video?
In my opinion Cinnamon.video has absolutely no chance to compete with Youtube. They must be naive to think they can grab a significant market share. Maybe they know that... However, It's a great example to demonstrate how to implement micropayments into a content creator platform... I hope Youtube is watching, and will implement this in the future.
WillGetThere reacted to King34Maine in Thoughts on Cinnamon Video?
I don't think Ripple missed the DeFi boat at all. Ripple's approach to DeFi, in my opinnion, will be completely different than what's currently going own right now. DeFi, as we know it today, primarily represents only retail investors dabbling about aimlessly trying to find their footing. David Schwartz touched (47:52 - 49:08) on this in a Fireside chat with CoinTelegraph this past June. Through RippleNet, Ripple will/can offer many services like the XRP-denominated loan product (already in the works) as well as DeFi services and offerings to INSTITUTIONAL clients. This is where the REAL money will be made in DeFi. The few billion locked-up in DeFi is chicken shit compared to the money that will be generated with institutional players. As David stated, through RippleNet, Ripple is able to instantly integrate new products and services into the "financial flows" of their customer-base. This is why adding new partnerships and building out the rails of RippleNet is so important. Each new partner/node is another user for the many financial products/instruments they have in the pipeline. Ripple isn't a company that blindly enters into a new and emerging trend like DeFi haphazardly like we've seen happening with Ethereum. Ripple has been very deliberate and meticulously strategic about how they enter into a new/potential area of growth. DeFi will be no different. DeFi as we see it now is not how it will be in the future. REGULATIONS will come and are coming like a wrecking ball to destroy all that is not AML/KYC/CFT compliant. Yes, the process is slow when trying to be within the letter of the law, but Ripple's clientele are regulated entities who are not going to stray from the straight an narrow and risk the ire of regulators. With respects to DeFi, Asheesh Birla, Ripple's SVP of Product and Corp. Development tweeted something this past Saturday that perked my ears up a bit about how "an ILP (Interledger) based Uniswap that provides cross-chain interoperability and liquidity is going to be a big thing." Now, he doesn't come out and specifically say this was something they were working on at Ripple, but when you have the SVP of Product from Ripple throwing out a statement like that, one can only assume/speculate that there's some work being done behind the scenes to bring it to fruition either from Ripple or more likely Xpring.
WillGetThere reacted to thinlyspread in Ripple's Top Executive Says Transnational Payments About to Transform While Ripple Intends to Set Up New ODL Corridors
Added to my calendar under 'Soon'.
WillGetThere reacted to Dogowner5 in Flare networks - Spark token to XRP holders
Because so many people seem confused about this whole claim process I am going to write a short explanation of what happens and why. It’s not a how to... others are doing that. It’s a ‘what happens and why’. I won’t explain why all this is so good for XRP... that’s another topic. Let me know if any of this is badly worded or needs more explanation.
Flare want to do Smart Contracts 2.0. Etherium is slow and expensive and has some potential governance/security issues even as it changes from Proof of Work to Proof of Stake. Also, POS is an inefficient use of capital.
So they are taking the Etherium smart contract engine holus bolus and putting it on a newly created consensus network. This would enable Etherium smart contract users to simply copy paste their contracts over to Flare so they are faster and cheaper than when they ran on Etherium.
Because the smart contracts use Etherium type addresses, so too must the Flare network. Flare want to interact with all networks eventually, but the one they are starting with is the XRPLedger. So their network is XRPL aware. It can read the XRP Ledger and monitor it.
Any new blockchain needs a distribution strategy for its native token (in this case: Spark). It’s not a trivial thing to do. It’s been done badly many times.
Flare decided to distribute Spark to any interested XRP holders (except for Ripple and Ripple Founders).
So how to do that?
They let XRP holders express interest by advising their desired receiving address.
They need the interested XRP account holder to nominate a Flare address to send the Spark to from the Flare genesis account. They could do that in some convoluted way, but they wanted the distribution to be handled without any intervention by a smart contract running on the Flare network that will run for six months after the initial start on snapshot day.
It needs to know what Flare address to send the Spark to. So they have asked the XRP account holder to set a (mostly unused) field in their XRP account with the desired Flare address. This does four things. First it lets the contract know that this person wants Spark. Because it can read the XRP balance it knows to allocate a corresponding amount of Spark. Thirdly it proves the owner of that XRP is the one giving the receiving address (only the owner can make account changes). Lastly it tells the contract where on the Flare network to send the Spark.
So after this is done they have two separate blockchains: Flare and XRPL. Some (maybe most?) XRP holders will have tokens on both. The XRPL is unaffected.
They set a “snapshot” date of 12/12/2020. Any XRP account that sets that MessageKeyField with a valid Flare address will receive Spark to that Flare address. For the next six months after the snapshot, any XRP account that sets the address (and hasn’t previously) will be allocated Spark. The smart contract will be watching every ledger close over that six months and will send Spark when it sees a newly and correctly set MessageKeyField.
After the six month grace period expires any remaining unallocated Spark will be burned.
So I hope that makes thing clearer for any wondering about it.
Some key points:
Setting the field wont affect your XRP. That field can be cleared later if you don’t like it being there. If you set it before snapshot you will get Spark on day 1 If you don’t have it set at snapshot, but set it In the six months after, then you will receive the Spark immediately the contract sees the ‘set’ transaction on the XRPL If you self manage your XRP you need to do this address set yourself If you are on a participating exchange then they will claim them for you and advise you how to access them If you are on a nonparticipating exchange you won’t get any Spark (but they might claim and keep them)
If you do this yourself you should make absolutely certain that you have control of that Etherium/Flare address. It’s not enough to just have the address... you must have the related private key also.
There is no guarantee that Spark will be worth anything While you have that field set it allows others to know what address your Spark started to live at. No biggee but some (me) will remove it as soon as it’s been allocated just on general privacy principles. EDIT: Of course, anyone interested can always traverse the ledger to find your set tran and therefore you initial Spark address. Again, no biggee.
Hope this has been helpful.
WillGetThere reacted to Dogowner5 in Flare networks - Spark token to XRP holders
Yes you can.
No you don't need to be on an exchange. You simply set your XRP accounts messagekeyfield with your desired Flare network address. At the snapshot (12/12/2020) the Spark tokens will be sent to the Flare address you specified in your XRP account settings.
Weitse has done a set of instructions here:
WillGetThere reacted to brjXRP17 in Patent Pending Applications owned by Ripple Labs, Inc.
According to the United States Patent and Trademark Office (USPTO), here is a list of all the patents owned by Ripple Labs, Inc., a few of which have been recently published this year (2020). The company has added quite a bit of intellectual property since I first started following the company back in May of 2017.
Please note that all of these patents have not been awarded yet; most are marked "patent pending." Also, the United States is a first-to-file country. When comparing two similar patents, an inventor's "priority date" is considered the date the patent was filed. This changed under the Obama Administration, for the United States used to be a first-to-invent country.
If anyone can help me find the RTGS Global Limited patent, that would be great (in the meantime, I will keep looking). Would love to see/read the RTGS patent and see the priority date. For example, let's say there is patent overlap or similarities between a patent pending application Ripple owns versus the patent pending application RTGS Global Limited owns, it could come down to the filing date (the priority date). Now, this is all speculation, but again, I would love to see/read the RTGS patent.
Lastly, please go read the background description on the "Private asset transactions" patent pending application and the "Multiple asset transactions" patent pending application. Both of those were super excited to read.
1.) Temporary consensus subnetwork in a distributed network for payment processing (2/4/2015)
2.) System and method for determining that results produced from executions of software have not been altered or falsified (6/8/2015; patent awarded)
3.) Resource path monitoring (8/3/2016; inventor was Robert Way)
4.) Resource path monitoring (8/3/2016; patent awarded; inventor was Robert Way)
5.) Electronic payment network security (7/27/2017)
6.) Exchange hosting server (11/22/2017)
7.) Byzantine agreement in open networks (2/12/2018)
8.) Random oracles in open networks (2/12/2018)
9.) Multi-hop path finding (5/29/2018)
10.) Asynchronous self-proving transactions (9/27/2018)
11.) Obscured routing (11/8/2018)
12.) Private asset transactions (12/20/2018)
13.) Securing public key cryptographic algorithms (12/20/2018)
14.) Multiple asset transactions (12/20/2018)
WillGetThere reacted to jetbrzzz in SBI FX Trade Is Set To Start Handling XRP This Month
Thing you gotta appreciate is that Asians can sleep anywhere. NYC subway cars, world-altering business conferences, we got you fam.
Kitao: "Hai, hai Brad-san, suki ni shite." *falls asleep*
WillGetThere reacted to karlos in Sign In As Invisible
XRP CHAT is now updated to version 4.5.1.
Previously to be invisible, you would select a "tick box" when signing in. This is now moved. First, sign in normally. Then go to account settings:
Then proceed to the section "Security and Privacy".
You can now select to appear as invisible. This will keep you invisible every time you log-in (unless you change the setting)
WillGetThere reacted to lawalkhalid in SBI FX Trade Is Set To Start Handling XRP This Month
WillGetThere reacted to Jotaro in Charting the course of XRP
i intimately agreed with you @Trentsteel , he's full of shit.
if he's that successful, he wouldnt be here trying to brag and make himself feel good, instead he'll be busy making money and no time to visit this forum
you can bet 100,000 XRP on me that i wont be returning to this forum once i hit my target for XRP, i'll be busy enjoying life, say goodbye to daily browsing for XRP info as i will not have any skin in the game anymore.
WillGetThere reacted to Stedas in Flare - Architecture and Practical Issues
How to claim Spark tokens (for Ledger Nano users)
Step by step guide on how to claim Spark tokens (for XRP holders)
View guide here:
THE PROCESS TO CLAIM SPARK TOKENS WILL BE ARTICULATED CLOSER TO LAUNCH.
Please monitor the Flare Networks Twitter account and website for news & updates.
WillGetThere reacted to mandelbaum in Flare - Architecture and Practical Issues
Alex Mashinsky of Celsius network has weekly AMAs every Friday.
This week he commented on XRP, the massive growth of XRP moving to the platform and the future utility fork that Flare is planning.
He also explained Flare the way he saw it, and its potential.
His comments began at arround the 22 minutes 45 second mark.
WillGetThere reacted to Pablo in Flare - Architecture and Practical Issues
It hasn't been discussed much but I wanted to explore some of the Flare architecture because it creates a fascinating head-to-head battle with ETH.
First, here's my understanding of Flare, summarised by @jn_r
That's what I thought as well after reading the 2 whitepapers. They've used a hybrid model similar to something proposed by Emin Gun Sirer to "help" ETH. Emin is Professor at Cornell and CEO for AVA Labs which is developing Avalanche. Ethereans point-blank refused this idea, considering his suggestion a trojan horse to undermine ETH development roadmap.
They were right to be worried of course because Avalanche has already overtaken ETH 2.0 which looks like it's going to be stuck in a 2017 PoS and sharding models that failed to impress across a range of other cryptocurrencies. It's taken Consensys, Joe and Vitalik so long to get their act together (they've been aware of ETH scalability problems for over 4 years now) that community developers have started leaving ETH for other projects that make easy money. I think the explosion of DeFi projects is part of that urgency although they've all run into the same walls that Cryptokitties did. Gas prices and settlement bottlenecks.
That's not accounting for the monumental risks of moving the entire ETH platform, users and wallets across to ETH 2.0. If you take a look at the roadmap, the plan is to maintain 2 separate chains in parallel as phases roll out. And you can only move ETH in one direction to the new PoS platform, praying that funds are #safu. Holy cow - what a mess this will be. But hella fun to watch from the sidelines.
Which brings us to Flare.
The smart folk at Flare (probably under the coaxing/supervision of the smart folk at Ripple) started with a clean slate and have taken the best of all worlds. I'm not convinced about the use of EVM which is a dog's breakfast of a programming language and will need to be updated/replaced eventually. I suspect Flare used EVM as a competitive play for portability, market share and developer mind-share (a long standing problem for XRPL). Even better is how they kept everything simple.
The benefit today is that Flare will be able to port most of ETH's smart contracts and (eventually) allow users to settle in ETH. At the outset, settlement can only go between Flare to XRP with other coins to follow but that's fine because we'll be able to compare and contrast.
This thing is big. Real big. If DeFi projects take off in any meaningful way on Flare, taking advantage of XRP's liquidity, settlement speed and lack of bottlenecks, we may well witness one of the biggest shifts in crypto ever witnessed. It's a big IF but the barriers of entry to the Flare network will be low so it's "level playing field" and all that good stuff.
It's incredibly exciting news for me personally as a lawyer who's waited for smart contract functionality for the XRPL but I'm holding off getting too excited after the Codius let-downs.
All said, the ease of replicating EVM/DeFi contracts is going to create a fascinating competitive environment. That's topped off by the excellent airdrop policy (excluding Ripple - and hopefully Jed and other founders) and Flare's governance/voting model that should be a benchmark for other projects to follow.
What's there not to like? Buckle up!
WillGetThere reacted to brjXRP17 in Two New Trademarks Filed by Ripple Labs (RippleX)
Last week, on August 11, 2020, Ripple Labs, Inc. filed for two (2) new trademarks with the United States Patent and Trademark Office (USPTO). One trademark was filed to protect the word "RippleX" whereas the other mark was filed to protect the "RippleX" logo.
This is the 8th trademark filed by the company in 2020
Ripple Labs, Inc. continues to add to their IP portfolio (always great to see). To date, Ripple has filed for 55 trademarks with the USPTO. 40 of the 55 trademarks are "live" and active whereas 15 are considered "dead" and abandoned by the company. The character mark "XRP" is still owned by the company.
@Snoopy @Pablo @WillGetThere @vlad_got_it @jcdenton @Mrsrippley @xrpisking
WillGetThere reacted to StirCrazy in Epic Pennant on BTC Chart
Been following this. Always tough to TA. Once upon a time ether was limitless and not meant to rise in $ value per Vitalik.
My point being, all markets are psychological but this is that with a Moore's Law component - most bat shit crazy market or asset we have ever seen. The charts tend be more like the EKGs of herd investors. When they want any coin to go up it will.
Nothing has changed really for ETH, BTC, or XRP since summer 2018. We still don't know who Satoshi is, BTC still doesn't scale, still not sure what Ethereum does, and XRP still isn't being used by banks. But I'm bullish, for real.
Just make sure you're not emotional this time, and sell with a price exit point.