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  1. Devil’s Advocate Re: Coinbase

    Coinbase is a middleman between crypto assets and fiat assets, and makes money because connectivity between these two assets is poor. Just like in the old days of the Internet, when connectivity was poor, and only few small companies were providing the service, in a legal limbo. Ripple (particulary ILP) solves the connectivity between assets, solves the legal limbo, and enables cutting out Coinbase as middleman. This is probably the reason Coinbase is reluctant to include XRP, because that will improve connectivity from fiat to crypto, which undermines their revenue model, which is based on high friction between these two types of assets. Coinbase knows people's money is at the banks. Ripple enables banks to take over the role of exchanges. People are already verified with their banks. If digital assets are indeed the future (which I think they are), then banks will be providing the service to their clients to hold them, and transact in them. Ripple provides them the required technology to roll that out pronto.
  2. Brad Garlinghouse - BBC World News

    "I'm long on Bitcoin!" But yes, he's adorable.
  3. This is Max Entropy speaking, someone who has dedicated a large portion of his time explaining why everything Ripple does is a total failure. He explained it to us when XRP was half a cent, when in was a cent, when it was 10 cents, when it was 25 cents, and his tone has not changed now it has reached 70 cents. He said multiple times he's leaving, sold all. Yet here he is, trying to scare you, and spread Fear, Uncertainty and Doubt. Take the words of this anonymous man (Jed?) with an accordingly large grain of salt. Historically when Max cranks up his FUD volume and screams doom, it's time to buy.
  4. I'm not explaing to the fudster, but to his audience.
  5. no, only drawbacks: expensive, slow and undeterministic.
  6. So what? There will then be two suppliers of XRP to institutions. One that holds 55bn, which has been given to them for free by the founders, and one that has 5bn that has basically been given away for free by Ripple. Both suppliers have a strong incentive to make the value of XRP go up. Do you really think the shareholders of R3 (among which SBI) will p*ss their new value, that the fought so hard for, away? Go back from being a multi billion dollar company to just a million dollar company again? When they hold the tickets to become a 500 billion dollar company, just by doing nothing? Ripple is limited by escrow, R3 is limited by contract, so the market is even protected from sheer stupidity by either one of the holders. I understand you will use any angle to spread FUD, as you have been doing for over a year since price was half a cent, and try to spin this in a negative way. But I view eventual distribution of XRP to R3, who has the capacity to bring value to the XRP ecosystem with their (tokenless!!) Corda, as a positive thing for XRP at least in the long term. The sooner XRP is being distributed across the banking sector, the better. I even hope for more "airdrops" to the banking sector. All central banks should be given a slice of the big pie.
  7. Oh Max is back with his daily dose of drivel. Now he thinks he is bitcoin. Pity, how after spending so much time on this forum, he understand so litlle about what Ripple is doing: building a regulated payment network on top of a permissionless ledger.
  8. volatility has nothing to do with this. when banks start using XRP (and they will, once the regulatory dust has settled), volatility will decrease automatically.
  9. To be honest, despite all the drama, it *did* store value. Bitcoin still worth 1,000 dollars more than when I wrote this.
  10. This app will go beta next month. Yeah, right, seeing is believing. So far, SBI has made many steamy announcements, but has delivered on zero.
  11. Interesting to note at the Blently github repo is that the following line has been added to the README.md eight days ago:
  12. I agree, Codius is the perfect name for running code in the cloud.
  13. Codius was put on the back burner because it required Interledger. Two years later: check, ILP ready. Now focus to Codius is (hopefully) brought back, as the ultimate application platform with ultimate freedom, using ANY asset you want, including the one that is the most fast and reliable, and the cheapest to use.
  14. Listen to David Schwartz talking about Codius in 2015. Notice that he has a very clear vision of what Codius is. Then the project went on stealth. Recently we've seen demonstration of Codius at the Google talk, and we see that the original vision has been *implemented*. Does David think about the release of Codius, when he says: "We're right at the point where our full vision is becoming reality."? When released, Codius provides a secure and standard way of running applications in the cloud that accept any currency. And Ripple is confident that XRP will have the best features for use by applications (and there are a lot of arguments to build such case). The release of "Codius by Ripple" may have a massive impact on the price of XRP, once the potential business models become clear. The brilliant thing here is that they can't lose. If any other platform wants to compete with Codius, it ALSO has to make that platform accessible to any asset. Which again will ensure the asset with the best technical features will be that asset that is most used by applications.
  15. FinCEN, Ripple Trade and xPool

    While the Ripple company devs are sipping Piña colada at the beach of their private islands?