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Amigo

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  1. Like
    Amigo reacted to Pablo in BTC drags XRP down again. Time for XRP to stand alone.   
    I don’t think this has anything to do with BTC. There is a massive hash war about to start on BCH and one would be wise to watch that closely. Those shorts are lined up to profit from that. And it looks like they will. 
  2. Like
    Amigo reacted to Really in BTC drags XRP down again. Time for XRP to stand alone.   
    Must say that it's getting a little boring that when Bitcoin goes south virtually all Altcoins follow. With the current BTC crash today, it would have been pleasant to say the least to see XRP hold its value against Fiat trading pairs. Although XRP it has been holding its value against BTC better than most, it is somewhat disappointing to see the value of XRP decline against the dollar once again. Surely it is time for XRP to stand on its own two feet and let Bitcoin crash alone.
  3. Like
    Amigo reacted to Pablo in BCH hash war   
    This is probably THE biggest news going right now and it has obvious implications for many DAs including XRP and Bitcoin.
    Imagine what poor Kitao must be thinking about the investment SBI made into BCH mining and where it leaves him now. I always thought it was a strange choice to pick a DA allied to people like Roger, Jihan and Craig. It seemed bonkers at the time but maybe I’ve missed some nuance in SBI’s business case?
    The interview between Tone Vays and Craig Wright from a few days ago is a napalm blast of reality from someone with the means to cause serious damage and is mandatory viewing.
    This is really amazing stuff. One of the top five is going to a hash war. Low volumes across the market will make this shakedown one for the history books.

     
     
  4. Like
    Amigo reacted to Kal316 in Amazon Bank   
    Hi everyone,
    Long time lurker here. Some articles from September about Amazon potentially getting into the banking business popped into my head today, here are a couple for reference:
    http://fortune.com/2018/09/19/amazon-bank-account-prime-bain-survey/
    https://www.forbes.com/sites/baininsights/2018/09/25/bank-customers-are-primed-and-ready-for-amazon/#5b552c1113fe
    This got me thinking, let's say Amazon really is making a push to get into the banking business from the ground up - which solution do you think they will go with: A slow, expensive legacy solution like SWIFT or a next-gen, high speed/low cost solution like xRapid? If moving money costs them pennies, I'm sure that Amazon would market this new bank with ads saying things like "Amazon Bank Prime members can send as much money as they want, wherever they want, for only 99 cents" (or something like that).  Instant transfers to any currency worldwide for less than a dollar is a heckuva differentiator.
    This would also correlate with Ripple employees continuously dropping Amazon as an example of a company that would require faster payments.
    Let's be clear - this is pure speculation, and I'm hypothetically connecting dots that may have no business being connected, but it's food for thought.  If a new bank were to pop up, why on earth would they go with SWIFT over Ripple?
     
  5. Like
    Amigo reacted to hallwaymonitor in What's New with xCurrent 4.0   
  6. Haha
  7. Like
    Amigo got a reaction from GiddyUp in Decentralized Exchange via Ripple vs Ethereum   
    It is kind of strange, and I guess going after coders or issuers too hard could push things even more underground and harder to grasp (as distributed systems can pop up everywhere). So it’s a thin line (for both parties). 
    I THINK what the SEC wants is people or entities to approach them actively (they stated more than once ‘come and see us and we’ll talk about it’) in stead of waiting, leaving the SEC no other choice or tempting them to show some teeth. Entities CAN get a licence (like Coinbase) or maybe left to be for a while with certain agreed restrictions in order to sort things out or put some changes into work within a period of time. 
    I guess this is why working with them, although from a libertarian perspective not too tasty, probably is a smart thing to do (like Ripple also does), giving all parties a chance to learn. And indeed new rules should be written. Enforcement only is not a good ground for innovation.
  8. Like
    Amigo got a reaction from Kass in Ripple Investors Stunned As 40 Million XRP Coins Move To Former Creator Jed McCaleb   
    Cool your jeds
  9. Haha
  10. Haha
    Amigo got a reaction from Scout in Ripple Investors Stunned As 40 Million XRP Coins Move To Former Creator Jed McCaleb   
    Cool your jeds
  11. Haha
    Amigo got a reaction from Bearmark in Ripple Investors Stunned As 40 Million XRP Coins Move To Former Creator Jed McCaleb   
    Cool your jeds
  12. Like
    Amigo reacted to peanut56 in Breakthrough XRP Fiat-to-Crypto Platform Launches Beta, Works Without a Crypto Exchange   
    https://dailyhodl.com/2018/11/09/breakthrough-xrp-fiat-to-crypto-platform-launches-beta-works-without-a-crypto-exchange/
    Well props to wieste again.
     
  13. Like
    Amigo got a reaction from TheXRPer in update on my xrp wallet project   
    Ehm.. not sure what you're aiming for with your website. Playing with the code is great for your experience, but if you're aiming at people using your service, asking them to enter a private key on a website should never be done.
    The same accounts for generating addresses / keypairs online, as (for example you) can eavesdrop on that and have acces to the funds afterwards. Such functions should be done in an offline environment.
  14. Like
  15. Like
    Amigo reacted to Tehol_Beddict in (Ripple partner) American Express and (Ripple partner) LianLian form joint venture after AMEX approved to enter China/clearing and settlement licence   
    This is an exciting one:
    https://www.finextra.com/newsarticle/32934/american-express-wins-approval-to-enter-chinese-payment-card-market
  16. Thanks
    Amigo got a reaction from xWelfare in Japans largest bank [MUFG] and cloud delivery giant Akamai announce blockchain payment network   
    https://cointelegraph.com/news/japans-largest-bank-and-cloud-delivery-giant-akamai-announce-blockchain-payment-network
    “The Mitsubishi UFJ Financial Group (MUFG) has partnered with major U.S.-based cloud delivery platform Akamai Technologies to release a global payment network based on blockchain.”
    -> SBI Partner
    “Akamai, a Massachusetts-based firm, was able to test the blockchain platform “under realistic business conditions,” showing a capability for processing a million transactions per second and a capacity for finalizing transactions in under two seconds, according to MUFG’s official press release.”
    -> Paychan & xRapid?
    “Tokyo-based MUFG’s and Akamai’s payment network, which will go live starting in the 2018 fiscal year, will include an interface that functions as a communication network, and will allow Internet of Things (IoT) payment methods like pay-per-use and micropayments.“
    -> Micropayments has obviously been mentioned by Ripple a lot, and IoT recently also a few times
     
    https://www.mufg.jp/english/vcms_lf/news/pressrelease-20180521-002-e.pdf
    “2. About the Technology
    Blockchain’s transaction speed and processing capacity are determined by the
    speed of consensus decision-making between the nodes that make up the blockchain. The two important factors behind this are the speed of the network between the nodes, and the time required for new blocks within a node to be created and validated. The new service enables higher transaction speed and processing capacity by adopting the following system structure:
    (1) Achieving high-speed communication between nodes by positioning all nodes responsible for consensus decision-making on the Akamai Intelligent Platform
    (2) Developing a unique design permitting high-speed and high-capacity creation and verification of new blocks within nodes.”
    -> Ripple products or something build on top of it?
     
  17. Like
    Amigo reacted to Ralphadayus in update on my xrp wallet project   
    I'm not really aiming it at anybody. I'm using it to sharpen my JS skills and trying out the xrpdevportal's ripple api tutorials. It's just a fun project that enjoy doing in my spare time. I'm going to be looking into making it more secure/trustworthy in the future but right now I'm just working through the blocks of code and figuring out what's what. I do know that you can sign transactions and generate key pairs offline... but haven't looked into it thoroughly. I'm an electrician by trade with 3 kids lol. Only so much spare time in a day ha!
  18. Thanks
    Amigo got a reaction from Ralphadayus in update on my xrp wallet project   
    Ehm.. not sure what you're aiming for with your website. Playing with the code is great for your experience, but if you're aiming at people using your service, asking them to enter a private key on a website should never be done.
    The same accounts for generating addresses / keypairs online, as (for example you) can eavesdrop on that and have acces to the funds afterwards. Such functions should be done in an offline environment.
  19. Like
    Amigo reacted to tulo in Decentralized Exchange via Ripple vs Ethereum   
    It's starting to become weird. If you write some code that you don't host on your server but is running on a distributed network, where nodes are all over the world then you can be fined because you ran a security exchange?
    Technically he just wrote the code. People in Ethereum network were running a security exchange (the contract). I think it's time for creating ad hoc laws for distributed systems.
  20. Like
    Amigo reacted to Plikk in The Real reason CoinBase hasn't listed XRP   
    Power corrupts. Absolute power corrupts absolutely.
    this is how the world works, sadly enough. 
  21. Like
    Amigo reacted to lucky in Hikmet Ersek( ceo Western Union) talk about ripple 07/11/2018   
    No doubt that this system which they designed 40 years ago, when cryptography did not even exist, and in which extenive capital has been invested, “works pretty well”. And no surprise they try to not give away their competitive advantage of having this system in full production today, easily. But the time is coming fast that this competitive advantage is gone, when they have to compete with systems that are designed from the ground up, with new technology, on a platform where multiple participants can draw from a shared pool of liquidity, instead of a private pool.
  22. Like
    Amigo got a reaction from pucksterpete in RippleNet and xRapid   
    The slowest link in the chain will always be a problem and depends in this case on your local payment rails. It can be just your bank (keeping it locked for use for a day) while another bank might not (so maybe try another bank;). But the slowest ones (international paths) will be cut out. Payment providers (like in this case Mercury effects) will make sure that their bank will not hold up their payment order for a day. And that competition will drive banks to offer the same speeds on that last mile.
  23. Like
    Amigo reacted to 2ndtimearound in RippleNet and xRapid   
    It takes me literally ten seconds or so to move fiat money from my bank to either Bitstamp or cex.io exchanges. 
  24. Like
    Amigo reacted to LilBender in RippleNet and xRapid   
    Using local rails is a lot faster and more efficient than international wires.
    Moreover, as a large customer, MercuryFX may have a credit relationship with Bittrex (IOUs that are settled in a day or two)
  25. Like
    Amigo reacted to DreXRP in RippleNet and xRapid   
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