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Apollo

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Apollo last won the day on April 16

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About Apollo

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  1. Not to belabor the point, I agree that ETH can do lots of stuff, but my issue is I haven't seen, anything which wouldn't be better accomplished some other way. This could be a failure of imagination on my part, but I think I am on to something here. For example, both executions of wills and power of attorney involve interactions with the legal system and therefore a court ruling needs to be able to modify the ledger. Clearly, a distributed ledger could be useful for that, but I see many problems and few benefits from using a public one. Effectively money is the perfect public blockchain use case. Most other systems don't need and are in fact damaged by complete resistance to government censorship of any type. My other issue is that as ILP, Quilt and other interoperability solutions grow, the value of doing everything on one blockchain is reduced, if not completely eliminated. If a private or semipublic leger designed specifically to track wills, trusts etc. works better for that solution, why put it on Ethereum? The security concerns for implementing projects on a Turing-complete system are nontrivial, to say the least. There is a real monetary cost to building something on a system with that kind of attack surface, and if there is no true benefit to counterbalance that cost than Ethereum will not be used. To sum up... Ethereum is just like sooo 2015.
  2. When I evaluate ETH I generally assume that throughput and privacy problems will be fixed. (Which I am not actually sure about) My real issue is that I can't seem to find a use case for ETH that cannot be more easily or better accomplished with some other system. WIth its current evaluation that use-case also has to be rather large.
  3. You are assuming that because ETH went up in value and corporations are "backing it" that means it must have a use case. 1. I think if you take a hard look at ETH's corporate engagement you will find the vast majority of it consists of companies exploring blockchain who are trying to market their activities. Ie. There are few if any real projects planning to use ETH's public network for anything. 2. If you believe that ETH has a use case that is viable and cost-effective... What is it? Keep in mind that when thinking about this you need to discount for risk and present value. You also need to compare the ETH solution to existing alternative (this is where I keep getting hung up). You are arguing that; because people have made lots of money on ETH and there is lots of activity with ETH this means that ETH must be legitimate. Every time there is a bubble people say "this time is different." Every time there is a bubble there is lots of activity. Every time there is a bubble people seem to make lots of money. So why is this time different? ETH either has potential use cases which can justify its value or it does not. If it does not, it's value is an illusion and people will see it as an illusion eventually. Once that happens people will lose everything. The exit will be packed full of people and the door will be jammed. There will be no one to take the other side of the trade. I know I sound harsh, but I am very concerned about the state of the crypto market. Too many people are valuing asset based on the opinion of other people or the opinion of the market and very few people are actually doing any reasonable due diligence. When everyone relies on someone else to find problems no one finds them.
  4. Yep. Ripple's plan is to connect exchanges and other private ledgers through ILP so XRP can benefit both in terms of liquidity and more possible payment destinations. Ripple has been open about this for almost two years now. This is a big part of why they are so focused on adding new exchanges.
  5. Ripple puts out quarterly reports for XRP. The Q3 report comes out soon.
  6. Back in the day, people made a lot of money investing in a certain type of flower as well. It didn't end well. People have made a ton of money on paper... at some point, actual utility is going to matter. Bubbles never last forever. And the lack of utility is not an assumption, it's a conclusion from looking into these systems. I could very well be wrong. However, I have been trying to find a strong use case for ETH for years... and mostly what I get in response is handwaving. "ETH can do anything." Yes, but people don't use butter knives to cut down trees... solutions need to be efficient. What problem does ETH or BTC for that mater solve that justifies their price?
  7. When people are excited about gains from systems which have no real-world utility... What do you call that? Because good investment are not the words which come to mind.
  8. You don't need to implement pathsuffel at the provincial level. There is really no reason to with ILP though. Just use ILP to rout payments through exchanges or other networks.
  9. Every other Crypto is in the same boat. Crypto value is fundamentally speculative right now. The difference is that XRP actually has a maximally efficient use case for a HUGE market and Ripple doesn't spin a load of BS about XRP being used for things it's not. IMO, XRP is by far the closest crypto to delivering on a real use case. BTC has no real use case (It's a terrible store of value because of volatility and can't scale for payments.) I have not seen one use case ETH is the ideal solution for... and the idea of sticking everything on one ledger when all ledger become interoperable through ILP is misguided, to say the least. Right now ETH's value is based on ICO's which are going to be hit hard by regulation... and ETH isn't even a great platform for issuing tokens.Fundamentally, the ICO market is about trying to sidestep securities regulations, which is not sustainable once the SCC and other agencies start cracking down. Clearly, LTC, BTC Cach, ETC have the same issues as BCT or ETH with the additional problem of lack of volume. The privacy coins also lack utility in an ILP world because you can simply interface to a public network through an ILP connected private network to achieve privacy. So, what coin at this point is less than three years away from implementing an actual real-world use case anywhere close to the size of XRP's?
  10. My impression on Swell

    Despite all of Stellar's attempt to focus on "community" and all of Jed's and stellar's misleading statements about the size of their user base... Ripple's community is still many times larger than Stellar's.
  11. Me to. Unfortunately, some of the old timers did... and took huge losses. They were right in a way, as it did take years for Ripple to recover. Not to mention, at the time there was a real risk that Ripple would be damaged beyond repair.
  12. For those considering investing in Stellar, please do some due diligence on Jed's history with Ripple. It's bad enough that I actually feel obligated to warn people everytime Stellar comes up. He did not just cause harm to Ripple, he destroyed the investment of many people he induced to invest with him.
  13. Banks that use Ripple but not XRP

    I think xRapid sources liquidity from XRP if I don't have the name mixed up. Ripples solutions are designed to work in concert with XRP should someone choose to use it.
  14. Banks that use Ripple but not XRP

    Ripple is not segmenting network instances. They have a messaging system which pares with ILP. The effects of this also apply to BCT. ILP makes it possible for Bank A to swap account balances with Bank B... This is true no matter the name of the asset. It also does not remove the need for a digital asset. It just narrows the use case.
  15. Banks that use Ripple but not XRP

    So you're saying that large groups of banks might use XRP to net out transaction imbalances or when they want to send money to other large networks... I'm just not seeing the negative part. You are effectively telling me that XRP could be a key part of the global financial system and this is... a bad thing?
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