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culyun

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  1. Julian, I appreciate your considered comments. Not many here take the time to rationalize statements. I had a look at the model. It makes naive assumptions about adoption, namely, it makes no reference to competition or known confounding factors like governmental regulation. There's no surprise in the finance sector about Ripple's offerings in general or XRP in particular. So the price volatility is unlikely to be instigated by large players. I suggest instead that large players react to price to maximise their purchasing power, ie. they expect speculation to drive the price and react by buying or selling in volume as dictated by their needs. Remember that FX traders are good at this... So until retail opportunities present themselves and while the pool of XRP remains in the hands of a few, the price will remain volatile. In terms of models, I think the things to look at are transaction volumes as a function of time and XRP distribution. Another tell tale would be the change in XRP pool over time. Are large trades correlated with players who got into the market early? What is the distribution of XRP amongst holders, eg. What proportion of holders individually hold more than 1% of XRP?
  2. Yes, but you need an attack vector. No one has seen an attack in the wild, but their is POC exploit code on Github. OS security patches are available and are thought to avoid the effects of Meltdown, but not Spectre. Spectre is nasty because it allows one program to steal data from another program - something that shouldn't be possible in a modern user facing OS. There are security updates for all the web browsers to mitigate the effects of Spectre, but the vulnerability is still present and could be exploited from other applications. It's worth noting that these vulnerabilities do not of themselves allow access to encrypted data. But if you have opened your encrypted data on a machine affected by either, there is a chance that an attacker will be able to read secrets (passwords etc.) If your data is important, only access it when you are sure your computer isn't compromised. Generally: Keep up to date with security patches for the OS and your preferred browser. Do not share your computer with others Do not install random cr*@$p off the internet Only have one browser tab open when accessing secure data online, eg. online banking, cryto wallets, etc.
  3. How is "no decision to add" the same as "not going to be added"?
  4. 안녕 스피키해리 I have family in Korea and am interested in sending them XRP, but it's difficult for me to buy XRP in NZ. In the past I've used changelly to convert BTC to XRP. Do the Korean exchanges allow foreigners to create accounts?
  5. This is a question for economics whizzes from someone who is trying to learn. Could RippleNet + "extra rules" be used as a basis for the International Clearing Union? And yes, I'm just curious not serious so humour me a little. ------------------------------------------------------------------- The International Clearing Union was proposed near the end of the second world war to facilitate international trade - specifically with respect to balance of trade. On the surface it sounds like a cool idea. As far as I understand, the rules were along the following lines: Every country would have an account from which they paid "bancor" for imports and to which they received "bancor" for exports All goods were valued in "bancor" using fixed exchange rates for local fiat The aim was for each country to keep their average balance close to zero Penalties were incurred for running excessive surpluses or deficits. These were designed to motivate the offending country to import / export more goods The main benefit was that it eliminated the need for fiat or gold as a reserve currency since all international trade used this money and all fiat was convertible.
  6. You can check your ripple balance here. https://bithomp.com/explorer/
  7. Stellar Lumens have experienced similar proportional gains to XRP over recent days. I was wondering if these were correlated to the general bitcoin hype. This announcement goes some way to explaining the Lumen gains, which ironically gives me more confidence in XRP's gains (being independent).
  8. "Certainly", "Certainly", and "Clearly" Mr. Entropy has succeeded in being heard. However, I'm not so fussed with what he has said. Top tier developers operate across institutional barriers. So while Google, Apple, Microsoft, etc. may be at loggerheads these guys will be happily beavering away at shared open source projects. There is no Maginot Line on Github, so to say that Golang is not popular on Microsoft platforms is ill-informed to say the least and at worst -- down right disingenuous. X.500 is a pre-internet standard dreamt up by powerful telco companies in the 80s. It was the white pages to rule them all and is a complicated, inflexible beast that I won't pretend to understand. But I will say that it has had its fair share of criticism. From what I understand of Mr. Entropy's arguments: Ripple is building an X.500 like directory into the ledger... to facilitate KYC compliance... which will allow "the man" to know who is doing what with whom... leading to the conclusion that Ripple will die... as the masses discover this injustice and transfer their wealth to anonomizing blockchains I do not have time to challenge the facts (eg. Is Ripple building an X.500 like directory?), but I will challenge the logic. Will Ripple fail if the masses discover penetrative monitoring of their activities? I don't know. But I will say that social media has not failed despite the widely reported policies of state sponsored monitoring (Prism). The point is that just because something could lead to an outcome does not mean that it will. You need to consider the confounding factors, eg. people's enjoyment of social media desensitise's them to the negative aspects of social media. And for one final quip. Being a canary on public forums about potential security issues is not the done thing. If you're concerned, take it up with the developers in a bug report or on the mailing lists.
  9. @Sukrim Thanks for the reply. The question is genuine if maybe not well put. I'm mainly interested in the existence of policy rather than the details of policy. As much as the Titanic was unsinkable, a single iceburg brought it to its ruin. Cyber was meant to draw readership, but I do not profess to being particularly clever here.
  10. Given Ripple's (the company) unique position, I would like to know whether Ripple has policies in place for responding to compromises in the security of the central ledger and protocols? There's a lot of (well written) software and protocols backing all that is Ripple. Software has bugs. Protocols have mis-features. All of these >> can << open the door to cyber-attack. I want to know if Ripple has thought about how to deal with these crises? Picture a (worst-case?) scenario where the central ledger had to be taken off-line for some reason. Would Ripple warranty against losses incurred by customers needing to make transactions? Apologies if this is a daft question.
  11. @pompous-p thanks for the info. I literally have no idea about applications. Finance has always been a mystery to me.. But what I can say is I hate the overheads of transferring money between countries. My better half is Korean. We get burnt every time we send / receive money. It's literally cheaper for us to hop on a plane with pockets loaded with cash than doing a TT. I see that the Korean exchanges are very active (I've been watching trading volumes on Ripple Charts). This interests me - I know the Korean thinking pattern with respect to money. It'd be nice to capitalize on that somehow? But really I have no idea. Gotta learn first!
  12. I'm a developer who wants to get up to speed with Ripple's technologies asap. Bg is C++ (sigh) but I've dabbled in Go (love it) and am very keen to take up Rust (if I can find someone to $ponsor a project). I'm aware of Ripple's various Github repos. But since my time is limited (I have a day job), I'm hoping I can cut to the chase in terms of learning. If I'm left to my own devices I'll start with a full code review of rippled (I like to see how things tick). Anyway I'm just a regular dev looking for opportunity and fun! Is their something akin to "Ripple playland" to get a feel for how to use the Ripple network? Where can I chat about applications? And how about "finance markets for dummies (software dudes)"?
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