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Apollo last won the day on April 16

Apollo had the most liked content!


About Apollo

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  1. Is This Bad News For Ripple?

    I am nervous about the level of hype surrounding ETH, most of which seems to have little to no grounding in the actual limitations of the system. ETh is not going to scale to 1 mill TPS without legitimate sacrifices. Private sidechains implementations and an ETH lighting network might not lead to any extra demand for ETH. A private fork will likely not need gas to stop spam and a ETH lighting network would not speed up or raise the throughput of the actual processing of most smart contracts. So, I just don't see why implementing these features should significantly rais the price of gas. I think people are jumping straight to "everyone will use ETh for everything" without carefully evaluating what that would look like for each use case. For Eth to gain real-world adoption it needs to be the best or at least close to the best solution for each individual use-case. For example, XRP will still be a better solution for payments even if this is implemented because Paychain can settle more quickly, Ripple will pay for liquidity, RCL will still be able to process more TX than any single ETH ledger, and ledger closes happen more often and with less irregularity. Similarly, ETh is not going to take the place of Amazon Cloud for everything under the sun because there will be a lot of things Amazon Cloud will just be better suited for even if everything goes right for ETH.
  2. Falling Knife

    Personally, I think the less correlation between XRP and BTC/ETH the better. I am a bit worried by the level of... exuberance in this market, and I would rather have XRp build a strong foundation from real-world application than ride the pump train like the rest of cryproland.
  3. Just keep in mind that joining requires almost nothing. I.e membership is not a good gage of actual interest or intent, and I truly can't tell if there is any legitimate interest. n other words, you can't equate membership in the Alliance to joining the Ripple network and licencing Ripple's tech because licensing Ripples software cost real money and therefore is more likely to represent actual plans for real-world implementation. I see a lot of references to the ETH Alliance when people are pumping ETH, but it mostly seems like marketing to me and it is unclear whether it will result in any real-world use of ETH.
  4. XRP 1500 TPS!

    BTC currently gets about 2.5 TPS... less, not more than 6. There are also some trade offs with raising the block size, so I don't think it is appropriate to bench mark based on a higher block size which is not actually implemented. Although, BTC could get better.
  5. Ethereum makes a poor replacement to Ripple. Honestly, I think Ethereum is the rorschach test of the crypto world. It can theoretically do almost anything, so people imagine all kinds of things Ethereum can do but seem to totally ignore the limitations of the system. There is a reason why Ripple updates RCL's feature set so slowly. Every new feature must not cause unwanted interactions with any other feature. The more flexible a system is, the more difficult this problem becomes. And as we saw with the DAO, security failures can be rather catastrophic. I have had a few conversations with some very smart people who are convinced that Ethereum programs can basically never be sufficiently secure for enterprise grade fintech. This is because Ethereum by nature can have a nearly infinite number of interactions between programs and features, and it is very difficult if not impossible to guarantee the required level of security. Beyond the security problem Ethereum also cannot deliver the kind of performance that a system with a more limited feature set can. Ethereum will almost certainly never be able to deliver the kind of speed and throughput Ripple can. This is a real problem if you are trying to pitch ETH as a candidate to replace XRP or even Ripples IOU system. So yes you can build similar functionality on Ethereum, but I think it is like trying to build a race car out of Legos. Can you? I suppose in some sense yes. But will it be as safe and fast as a real race car? No.
  6. Ripple swag for auction

    @TiffanyHayden This was a fantastic idea! Its things like this that make this community strong.
  7. Can we ban this guy? He is a troll.
  8. SF Bay Area meet-up

    It was great to meet a few fellow Ripplers for the first time. Thanks, @tomxcs for putting this together. It was lots of fun, as always.
  9. SF Bay Area meet-up

    Count me in. See you all soon.
  10. #1 Indicator: XRP Ledger Trade Volume

    This is no longer true. ILP enables the use of off ledger trade volume and order books to provide liquidity for payments. This is part of why Ripple has been focused on adding new exchanges and not just gateways. Good indicators of XRP utility are trade volume against fiat and XRP payment volume.
  11. Ripple has been working to get liquidity on the order books. Maybe it is paying off. If so, this could be big for XRP.
  12. Article Posted Yesterday

    This article is trying to make the case that if only RCL was less useful and did not allow users to chose their preferred payment path XRP would be worth more. This is nonsense. If you forced users of RCL to use XRP users who do not want to or can't use XRP would use something else. If they are part of the network, even if they do not use XRP directly, XRP is that much more useful (ie. more destinations, payment paths and so on.)
  13. Don't get me wrong, I think the idea that Ripple will crash the price of an asset which has huge upside and they hold over 60 B of, and has over an 11B market cap already... is completely ridiculous... but they left themselves WAY more flexibility than they actually need. I think this is a mistake. They could have used this to create a perception of scarcity and much more predictability. They need to topple the king, and while this is good news, I think if they would have been more aggressive with the terms it could have shot XRP right past BTC. If they are able to get that top spot, I don't think there will be any going back... so some small operating constraints would have been one hell of a good trade. This is one of the only times I believe Ripple has made a strategic blunder considering the information available at the time of decision. I don't think it's a big one, but it definitely is one, and I don't think I have ever said that before.
  14. This should have been done a lot better, but I will take what I can get.