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  1. Thanks
    Andi10 reacted to Hodor in XRP: Limitless Scale   
    Blog URL:ย  https://coil.com/p/Hodor/XRP-Limitless-Scale/MfAIXnQiD
    XRP can scale to unlimited heights.ย  Find out more, along with my breakdown of the latest pivotal news about the US Federal Reserve's decision to build "FedNow:"
    ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง ๐๐ž๐ฐ๐ฌ: The Federal Reserve decides to 'build their own' with the latest news about a new system called FedNow.
    ๐‘๐ข๐ฉ๐ฉ๐ฅ๐ž ๐๐ž๐ฐ๐ฌ: MoneyGram conducts its quarterly earnings call and discusses their Ripple deal in depth; ChainTalk interviews Tomohiro Yamaguchi; and an XRP fan analyzes Ripple's UBRI initiative.
    ๐—๐‘๐ ๐๐ž๐ฐ๐ฌ: Coinfield and Omni create XRP Validators in support of their business; CEX, a UK-based platform, adds an XRP-GBP pairing; and DOBI, an innovative Chinese company that specializes in ATMs and 'wearables,' decides to support XRP.
    I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! ย 
    My blog announcement links on other platforms:
    Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  2. Like
    Andi10 reacted to Lawsuit in Hi! I'm Bob   
    Quoting this toย 
    A. Say thanks to @BobWayย because this has been a fantastic read thus far
    B. Say hello and thanks to @Hodorย who is actually the person responsible for my investing in XRP. Your informative posts (back before your blog / when you used to post here primarily) are actually the reason I initially invested in XRP back in the middle of 2017.
    Much love to you both.
  3. Like
    Andi10 reacted to Hodor in Hi! I'm Bob   
    I'm late to this thread, so please accept my humble apology for my belated "Welcome to the forum, @BobWay!"ย  ย 
  4. Thanks
    Andi10 reacted to BobWay in Hi! I'm Bob   
    This requires its own thread or book chapter. I don't think I can do it justice here. Let me give myย nutshell opinions here and it you want a long discussion, please start a new thread and invite me to discuss it.
    Historically, proof of work was a genius solution to a problem that was (at the time) thought unsolvable. (Byzantine generals) ย Satoshi took that clever hack and wrapped it into a marketing scheme that was three times move clever than PoW itself.ย His scheme, 1) solves consensus, 2) distributes BTC in a way that can be rationalized as "fairly", 3) unleashes an army of block reward zealots to promote bitcoin for free (from Satoshi's perspective)ย I truly see beauty in that.
    Moving forward, the PoW system is silly and wasteful for most use cases, save one. Crime. It turns out that if you want to launch a "fire and forget" scam, then walk away into anonymity, then PoW works great. It turns your hardest problem, operations, into someone else's problem.
    Here I absolutely AM NOT implying that bitcoin itself is a scam. It is not. But neither is bitcoin's continuing use of PoW necessary. The Ripple ledger proved that. The only time PoW is necessary is if you MUST reach consensus among completely anonymous parties. If you know who wants to reach consensus and why, the problem gets much easier.
  5. Thanks
    Andi10 reacted to BobWay in Hi! I'm Bob   
    I'm not sure I'm qualified to use fancy words like "geopolitical" correctly. :-) But there are huge improvements coming to the structure of banking.
    Please keep in mind that while I think of myself as a reasonably smart guy, I'm by no means smart about everything. However, in my various positions at Ripple, a lot of much smarter people than me showed up in our office to tell me the details of their particular problems. They then left it to me to figure out if Ripple or its technologies could help. That was one of my key contributions to the company. I could almost always figure out a way to deploy Ripple technologies to solve other people's hard problems.
    So "geopolitically" speaking, one of the weirdest things about banking is how the international relationships are structured. This is true especially among the smaller countries. Take a random made up example. Say Alice lives in Barbados and want to do a business transaction with Bob in Saint Lucia. It is just a standard two party business deal for services rendered. But Alice uses BBD and Bob uses XCD. So how do their banks settle that transaction?
    Well it turns out in many cases they use USD. That sentence sounds pretty sensible not earth shaking to anyone... But how does that really work? Well it turns out that important banks in Barbados keep "correspondent" accounts with a large US bank. Let's say Citi in this case. And some large bank in Sant Lucia also keeps a correspondent account with a US bank. Let's say BofA in that case. The settlement actually happens by the Barbados bank telling Citi to wire money through the FedWire system to the St Lucia's account at BofA. These requests are transmitted via SWIFT.
    But the crazy thing is that US law says that both Citi and BofA need to screen the transaction between Alice and Bob for compliance with US laws! And if a bad transaction slips through, both Citi and BofA can be fined huge amounts. So in effect, whether Alice in Barbados can do business with Bob in St Lucia becomes dependent on whether or not US banks want to allow it. Even though the transaction doesn't involve US jurisdiction at all!
    The side effect of the US bank's risk in these transactions is that they've started closing the correspondent banking accounts for entire countries.ย The risk is just seen as too high for the reward (fees) that they can charge. This is called in banking jargon, "the de-risking problem".
    A bridge currency like XRP changes that dynamic dramatically. Transaction that don't involve the US (or other third countries) don't have to travel through their systems to settle. That allows people to stop jumping through third party regulatory hoops and just get one with doing business.
    I hope that counts as "geopolitical"!
  6. Thanks
    Andi10 reacted to BobWay in Hi! I'm Bob   
    Ripple as a company can be pretty opaque. Especially if you are not a banker getting regular updates on our progress. I'm happy to answer questions about the people involved historically and currently. The company grows and changes quickly so I'm probably out of date already on exactly who is on which team at the moment though.
    I guess I should introduce myself for those who don't know me. Don't feel bad if you don't. I purposely kept a low profile.
    I discovered bitcoin reasonably early in 2010. I was pondering creating a digital currency for the web (for my own reasons) when I happened into it.ย I had a bit of a love/hate relationship with bitcoin. I loved the concept of a pure digital currency. I hated the monetary policy and I wasn't a big fan of the community or its "marketing plan". If you check my history (Red) from way back you'll see that I was very off and on in the bitcointalk forums.
    April of 2013 was one of those "on" times again with the bitcointalk forum. Occasionally people called be back to talk about stable coins. It was during that period that I was canvasing to see of any of the alt-coin forks implemented any of the long list of suggestions we had created for bitcoin. That was when I ran across Ripple. It turned out that Ripple implemented all the improvements people had suggested for bitcoin and also a bunch of really cool stuff that I hardly understood.
    So I became obsessive about Ripple. First (unpopularily)ย discussing it at bitcointalk. Then later at JoelKatz's suggestion discussing it on the Ripple forums. During that period a lot of really smart Canadian's (Singpolyma, dchapes, etc.) from the earlier "Classic Ripple Pay" community taught me an amazing amount about money and rippling. I obsessed so much that after 6 weeks I was the number one poster on the Ripple forum. More posts at that time than even JoelKatz!ย :-)
    So in June I wrote Ripple asking for a job. I was the 10th hireย after the founders. In my 5 years at Ripple I served in a lot of different roles all of which I'mย very proud of.
    The original integration engineer Designed Ripple "pre-transaction messaging" system Designed the Ripple Rest API Designed RippleConnect/xCurrent Original product manager for RippleConnect Original member of Ripple research (ILP atomic mode,ย XRP bridge currency incentive analysis) Original sales engineer once we pivoted to a banking sales model Finally served as intellectual property wrangler between the research, engineering and legal teams I only write al this so folks here will understand the breadth of questions I'm willing to answer. During my time at Ripple I also served is informal historian.
    One of the things I've realized recently is that my greatest utility in increasing the adoption and value of XRP (and rippling in general) is in explaining to other just how well thought out the system is. I hope I can start doing that here.
  7. Like
    Andi10 reacted to BobWay in Hi! I'm Bob   
    This is where I get myself in trouble by being way to straightforward...
    No, my view of the company hasn't changed. We've always been horrible at communicating with the Ripple community. We tried to rectify that early on with the first mini Ripple conference at Money 20/20, but after the initial pivot toward banks as customers everything got worse again.
    But let me clarify the "communication" part. Monica and team are AWESOME at communicating with the audience the company intends to target at any given time. When we pivoted towards banks, *everyone* in the banking industry immediately knew who we were and wanted to take our meetings. That is unheard of in fintech.
    The community communication really only lagged because Monica's team was too small to support both efforts. I lobbied internally for a deeper community relationship but (often for good reasons) the effort was spentย in other areas.
    Hopefully, I can explain better in the coming days.
  8. Like
    Andi10 reacted to lucky in Hi! I'm Bob   
    Look what I found in an old shoebox!
  9. Like
    Andi10 reacted to BobWay in Hi! I'm Bob   
    Hi Sukrim, great to hear from you again.
    I retired from Ripple last summer to take care of some health issues. (all's well now)ย And yes, I'm currently founding a new venture.ย It's too early for me to talk about that publicly, but it is money related and based on a lot of the concepts I learned over the past few years.
  10. Thanks
    Andi10 reacted to BobWay in Hi! I'm Bob   
    Hello all. Just wanted to introduce myself. I'm Bob Way, formerly of Ripple. Thank you in advance for allowing me to join your forum.
    Back in the early days of crypto I was pretty active in the Bitcointalk and Ripple communities (under the username "Red"). In fact my community participation was what directly led to me going to work for Chris and the gang at OpenCoin. I made a lot of good friend in the forums five years back. I'm hoping to make some new ones now.
  11. Like
    Andi10 reacted to Hodor in Own Your XRP   
    Blog URL:ย  https://xrpcommunity.blog/own-your-xrp/
    In my 1st blog in 2019, I discuss the importance of coin ownership & cover the latest news!
    ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐ž๐ฐ๐ฌ: Own your coins to make sure the demand is reflected in price!
    ๐‘๐ข๐ฉ๐ฉ๐ฅ๐ž ๐๐ž๐ฐ๐ฌ: Cory Johnson makes an appearance at Cornell's latest Entrepreneurship Summit in NYC.
    ๐—๐‘๐ ๐๐ž๐ฐ๐ฌ: The XRP Community API expands its features and capabilities; Coinmetro adds support for XRP; and Bitrue adds 5 base pairs against XRP.
    I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! ย 
    My blog announcement links on other platforms:
    Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  12. Thanks
    Andi10 reacted to Armanius in NBK now using Ripplenet's blockchain technology for transactions   
    "For the first time in Kuwait: Send money instantly with NBK Direct Remit. Log in to NBK Online Banking using RippleNetโ€™s Blockchain technology. NBK Direct Remit is currently available for Jordan."
  13. Thanks
    Andi10 reacted to xippix in Visa buys earthport   
    Visa buys eartport ( ripple partner )
    Also they launch a new API!
  14. Thanks
    Andi10 reacted to Hodor in A Tale of Two Economies   
    Blog URL:ย  https://xrpcommunity.blog/a-tale-of-two-economies/
    In today's blog I describe how the crypto market exists in parallel with traditional markets, and then cover all the news affecting XRP!
    ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐ž๐ฐ๐ฌ: The UK receives tax guidance for crypto-assets.
    ๐‘๐ข๐ฉ๐ฉ๐ฅ๐ž ๐๐ž๐ฐ๐ฌ:ย  Cebuana Lhuillier signs on as a RippleNet member; The National Bank of Kuwait releases a new remittance app called NBK Direct Remit; Hot Chips releases a tutorial about the XRP Ledger; A computer science major from Stony Brook University creates an app that rewards people in XRP for exercising; and Ripple Drop Episode 8 is released;
    ๐—๐‘๐ ๐๐ž๐ฐ๐ฌ: CZ announces XRP's elevated status as a base currency on Binance; A decentralized exchange, CryptoBridge, adds XRP trading support; Neteller, a UK-based money transmitter and crypto dealer, adds XRP support; BTCEXA, an Australian crypto exchange, adds XRP support; EO.Finance, an Estonian-based crypto exchange that allows deposit via credit card, adds XRP support; and Voyager, an exchange set to open in January of 2019, has stated it will support XRP out-of-the-gate. ย 
    I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! ย 
    My blog announcement links on other platforms:
    Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread ย 
  15. Thanks
    Andi10 reacted to xrpmommy in The Asian banker" live" with Marcus Treacher   
  16. Thanks
    Andi10 reacted to King34Maine in At least 15 central banks are serious about getting into digital currency   
    Sia and R3 Partner to Accelerate the Adoption of Blockchain Applications by 600 Banks and Corporates. Good thing they squashed their differences and made upย  !!ย 
    "In 2016, SIA managed 12.2 billion clearing transactions, 4.3 billion card transactions, 2.8 billion payments, 47.4 billion financial transactions and carried 654.3 terabytes of data on the network. The Group is made up of eight companies: the parent SIA, the Italian companies Emmecom (innovative network applications), P4cards (card processing), Pi4Pay (advanced collection and payment services), and Ubiq (innovative technology solutions for marketing), Perago in South Africa, PforCards in Austria and SIA Central Europe in Hungary."
  17. Thanks
    Andi10 reacted to Julian_Williams in Instant Property Market   
    Amongst biggest things yet in terms of potential - R3 + Corda (+ XRP as Corda's DA) together making play for the 200 trillion dollar property market.
    This really demonstrates how threads of ideas coalesce into new ways of doing things on the Internet of Value
    I have to credit Digital Asset Investor on You Tube for this link - I think he is making an interesting point
    Its worth looking at the video put up a few days ago by Karma coverage, they are describing this sort of automated self auditing permissioned blockchain smart contract systemsย  The FinTech Revolution - Berkeley Haas
  18. Like
    Andi10 reacted to Paradox in The FinTech Revolution - Berkeley Haas   
    Very good video, but this guy has a few facts wrong.ย  The XRP ledger isย permissionless, however the RippleNet software that runs on top of the permissionless XRPL isย permissioned.ย 
  19. Like
    Andi10 reacted to KarmaCoverage in The FinTech Revolution - Berkeley Haas   
  20. Like
    Andi10 reacted to lucky in At least 15 central banks are serious about getting into digital currency   
  21. Like
    Andi10 reacted to ZerpEnthusiast in The Ripple Mafia   
    My favorite part is the quote below. Surely someone like Viamericas/Paul Dwyer wouldnโ€™t use xrapid/xrp unless he truly believed that itโ€™s not a security.ย 
    โ€œSpeaking of Coinbase, letโ€™s take a look at Rippleโ€™sย partnershipย with the Viamericas Corporation. Its co-founder and CEO,ย Paul Dwyerย is aย board chairmanย of the Money Services Business Association (MSBA). The MSBA works directly with the Securities and Exchange Commission (SEC).โ€
  22. Thanks
    Andi10 reacted to mandelbaum in Paper Tigers and Real Bears   
    Ethan Macbrough and David Schwartz has said that the two second delay in the current protocol is only there to make sure that there is no obscure attack where messages are sent to only a few nodes. Cobalt does not need this delay, so the increased speed of Cobalt is supposedly a side effect of increased security.ย 
  23. Like
    Andi10 reacted to Hodor in Paper Tigers and Real Bears   
    I'm honestly not sure I understand Cobalt enough to know whether to answer if it addresses security.ย 
    However, quantum resistance is an interesting topic.ย  Some cryptographers seem to believe that this is a red herring and not a real threat, whereas others seem to think it's something that should be planned for.ย  So when a new tech makes the claim "quantum resistant," there are not many people on the planet qualified to know if it's just marketing nonsense or something real.ย 
    I would defer to somebody like @nikb on that topic.ย 
    In general, cryptographic signing requires time; while there are ways to get it down to a low level, some of the newest projects claim to have an entirely new way of signing, etc...
    Cobalt will address fault tolerance and enable greater levels of decentralization, yes.ย  That much is clear from previous communications from Ripple. ย ย 
  24. Thanks
    Andi10 reacted to Hodor in Paper Tigers and Real Bears   
    Blog URL:ย  https://xrpcommunity.blog/paper-tigers-and-real-bears/

    In today's blog, I separate the paper tigers from the real bears, and go in-depth on the latest crypto market downturn, along with some of its causes and effects.
    ๐‘๐ข๐ฉ๐ฉ๐ฅ๐ž ๐๐ž๐ฐ๐ฌ: SBI and R3 form a joint company starting in January; PC Mag interviews Asheesh Birla; and Brad Garlinghouse provides his perspective on Ethereum project contractions.
    ๐‚๐จ๐ข๐ฅ ๐๐ž๐ฐ๐ฌ: David Schwartz describes how ILP has joined all new Cosmos blockchains, along with Ethereum.
    ๐—๐‘๐ ๐๐ž๐ฐ๐ฌ: I describe possible technical improvements for an "XRP 2.0"; The XRP Community API is upgraded to provide real-time API data from 27 exchanges; and a new fan video summarizes the IMF's positive position on digital assets using a comedic technique.
    I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! ย 
    My blog announcement links on other platforms:
    Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  25. Like
    Andi10 reacted to hallwaymonitor in Currencies Direct switches on xCurrent from Ripple for Indian remittances   
    xCurrent now and maybe xRapid in future when the regulations are in place and Indian crypto exchanges are ready to handle large volumes of XRP/INR pair.
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