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  1. RippleNet uses the ILP protocol, which they specifically designed to connect legacy systems to blockchains. It is therefore fair to classify ILP as “blockchain technology”. Also keep in mind that marketing is targeted at non-technical audience, with a limited technical vocabulary. When xRapid goes live, and patfinding is enabled, PNC will automatically route payments through XRP if that is the cheapest path, without the requirement to touch it. ”embraces blockchain” means it is ready for the blockchain powered future.
  2. Users pay Coil 5 dollars a month. Coil pays sites an unlimited amount of 100 micro-XRP per second. If users pay more than Coil has to pay out, Coil earns dollars, otherwise they lose XRP. Of which, I may assume, they have plenty.
  3. that is absolutely huge!
  4. lucky

    XRP #1

    live coverage of the event on Coil Premium!
  5. lucky

    XRP #1

    Did I miss a green candle?
  6. lucky

    Mt. Goxpocalypse

    Everything seems to line up perfectly for XRP taking the #1 spot from BTC this year. Just imagine the headlines. As the effects of climate change through global warming become obvious and part of our daily news, there is absolutely no chance that Proof of Work coins can survive, when energy efficient alternatives exist that can provide the same features even better.
  7. I think that, given the enormous amounts of hate and FUD coming from Bitcoin advocates, their original position was understandable. They’ve now read the fine print. You just cannot be a crypto fan, study what Ripple is doing, and not be in awe of their vision, their strategy, their resources, and their success in executing the strategy.
  8. The original plan was that R3 would introduce XRP in a spectalular network of banks. Then R3 got stuck in their own fundraising. Did not follow up on their big promise. If Ripple now sells R3 the 5 billion XRP, that can only mean R3 has convinced Ripple they can still execute the original plan. That would be mindblowing fantastic. 5 billion XRP will find its way from Ripple’s wallet through R3’ partner network into the global banking system. If this plan had been executed two years ago, XRP would already be #1. If on the other hand, it became clear that R3 never had the capacity to follow up on their promise, and it was all fluff, then all they may have gotten out of this lawsuit is a pair of Ripple socks.
  9. Does not matter. Convergence. This bank will participate in the Internet of Value, in which digital assets like XRP can compete with fiat currencies, based on their unique technical characteristics. This is the plan.
  10. Owning one Bitcoin is not the same as owning a promise to pay me one Bitcoin. Owning one liter of milk is not the same as owning a promise to deliver one liter of milk. If these were equivalent, we could solve world hunger tomorrow. I'm all ok with trading IOU's, just don't try to label them natively digitized assets please, to keep a clear distinction with native digital assets, which are assets that are not dependent of a promise by some third party.
  11. I don't think it is pedantic to point out that the word "native" is being used to suggest something else than the tokenization actually accomplishes. There is no "native digitization" going on whatsoever. Native digitization of milk is simply not possible. If you're trying to sell that to the public and your investors, you are either deliberately misinforming yourself, or misinformed by all the smoke and mirrors around you. In this case, it's probably a combination of both.
  12. Right. Those are IOU's not native digital assets. If I issue an IOU for one liter of milk to you, there is no guarantee that I actually have the milk, that I will deliver it when you redeem the token, and that it has not gone sour by then. I did not digitize the milk, I digitized a promise to the milk, with no guarantee whatsoever that the promise can be fulfilled by me. This in contrast with native digital assets like Bitcoin and XRP, where the digital transfer of ownership of the token actually transfers the value that is represented by the token, and is not dependent on the ability or willingness of a third party to fulfill a promise in the future.
  13. He must have felt intimidated by the suits, in his hobo outfit and sneakers.