Jump to content

Zooplankton

Member
  • Posts

    127
  • Joined

  • Last visited

  • Days Won

    1

Reputation Activity

  1. Like
    Zooplankton got a reaction from jp2017 in Ripple 3.0   

    "And, according to Nilesh Dusane, Ripple's global vice president of business development, within two years the use of the distributed ledger will be expanded to include clearing and settling equity trades with bond trading precious metals and real estate escrow occurring a couple of years after that."
     
    CME group is an investor in Ripple, I wonder if they have some solutions  in the works for these opportunities. 
     
    ILP took everyone by surprise, Ripple could be devloping further use cases for RCL that we have no idea about. 
     
    Maybe be this is a hint about the ever elusive Ripple 3.0? 
     
    That got me thinking, we as a community should brainstorm different ideas for what Ripple 3.0 could be. Supposedly Ripple hasn't even gotten past the drawing board, perhaps some of the bright minds on this forum can participate in this stage of development!
     
    What are your ideas??!? 
  2. Like
    Zooplankton got a reaction from rippleric in Ripple 3.0   

    "And, according to Nilesh Dusane, Ripple's global vice president of business development, within two years the use of the distributed ledger will be expanded to include clearing and settling equity trades with bond trading precious metals and real estate escrow occurring a couple of years after that."
     
    CME group is an investor in Ripple, I wonder if they have some solutions  in the works for these opportunities. 
     
    ILP took everyone by surprise, Ripple could be devloping further use cases for RCL that we have no idea about. 
     
    Maybe be this is a hint about the ever elusive Ripple 3.0? 
     
    That got me thinking, we as a community should brainstorm different ideas for what Ripple 3.0 could be. Supposedly Ripple hasn't even gotten past the drawing board, perhaps some of the bright minds on this forum can participate in this stage of development!
     
    What are your ideas??!? 
  3. Like
    Zooplankton reacted to nikb in Tell me more about "fee knobs"   
    Parts are already merged (e.g. here). I don't have a firm date for when it will be deployed, but since it's already in develop, my guess is that it will be deployed soon.
     
    The knob simply sets the floor of the fee that the validators advertise to 1,000 drops - which is why "load_factor_net" is currently 1000 on the network right now. There's no need for anyone to "man" this knob, which also answers the second part of your question.
     
    Right. Which is why the new system - code for which I linked above - is automatic: it responds and adapts to load better and faster than the current system.
     
    In a previous post on this forum, David said: "I personally approve the code that runs on the validators, and there has never been any kind of backdoor in the code that runs on our validators or other production Ripple servers. There has never been any discrepancy in the public code and the code run on our production servers that affects how transactions are executed, what transactions are considered valid, or anything of that kind. And if there ever was such a thing, it would be easily provable since every transaction's consequences are publicly published in the ledger chain along with the cryptographically-signed transaction that justified them."
    Be sure to read that statement again. Not only does David explicitly state that there has never been any discrepancy in the public code and the code that Ripple runs on our production servers that affects transaction execution, validity or anything of that sort, but he explains that the mere presence of such a change running on the validators could be proven by simply replaying a transaction using the version of the code that was running on the network at the time, and producing a different result than what was present in the ledger.
  4. Like
    Zooplankton reacted to karlos in Tell me more about "fee knobs"   
    As I understand, the Ripple validators are running a different code from everyone else? This gives Ripple control over the fees paid by everyone (Im assuming because they are the only true validators)..
    How long before this is removed? Is there a schedule or timetable..  I don't think it sets a good example for Ripple to be putting their own personal knobs into the code when they can't fix something quickly enough. Is there someone manning this knob day and night, or could an attacker wait until everyones in bed and crash the network for 8 hours?
    If there is a big problem down the track when there's 100 external validators, something like this just isn't going to work. Also in my mind it raises doubts if this is the only change made, or there are others things we don't know about..
    Please dispel my (uninformed) negative opinion on this..
  5. Like
    Zooplankton reacted to Dsimmo in how many XRPs should one buy   
    I personally believe that 1000000 is, potentially, an enormous amount to hold. It's a 100000th of all the xrp in existence. If xrp is widely used in the future, to the point where pricing is performed in xrp (not sure if this is realistic) then you can be sure of an early retirement enjoyed in a large mansion, with some luxury cars at your disposal ;-)
  6. Like
    Zooplankton got a reaction from David2142 in Ripple predicts tipping point for blockchain use   
    My thoughts exactly. There is an inherent premium in having a counterparty less asset. That's why Bitcoin has done so well. I look at xrp like Bitcoin for banks.
  7. Like
    Zooplankton reacted to RafOlP in Ripple predicts tipping point for blockchain use   
    This is the power of couterparty-free assets.
    If any entity issues real cash in distributed ledgers it will be awesome, but if a counterparty-free asset gets liquidity enough (handling the issues mentioned by @tulo ) it will be very powerful.
  8. Like
    Zooplankton reacted to karlos in Ripple predicts tipping point for blockchain use   
    http://www.australianbankingfinance.com/technology/ripple-predicts-tipping-point-for-blockchain-use/
     
  9. Like
    Zooplankton reacted to Blackswan in Gatehub trading platform   
    Well I've been trying to use the website on my Dell XPS using Windows 10 edge/explorer..... So slow and not fun at all. I liked RippleTrade so much better.... At least I could "Simple Trade" at going rate. On GH they only show 4 decimal places.... 0.0062 not enough in my view. 6 would be ideal. The platform is so slow whether on a PC or IPad... It returns so many errors... Switching between areas takes too long. It's just not a "fluid" experience. Cancelling trades cancels them but when you return they still show up! sending sending sending... Sometimes your wallet only shows a fraction of what should be in it. I go to ledgermonitor.heartbit.io to check... Always ok but not very reassuring. A "do you really want to buy/sell" warning before execution is a must to avoid errors. They need to get a grip and sort it out or XRP will fail due to it being non-tradable. Just bought some XRP this morning.... It wasn't a pleasant experience!
    Sent from my iPhone using Tapatalk
  10. Like
    Zooplankton got a reaction from T8493 in high risk high reward fintech investments   
    Tomb I hope you don't leave you are an essential part of the forum :)! 
    I think most of us find yvv annoying but all digital currency (btc and xrp) is fiduciary (meaning it has no inherent value) so he does have a point. The thing is there is a good chance it will be useful and worth more tomorrow than it is today, despite yvv's remarks. 
  11. Like
    Zooplankton reacted to xtrapower in Increased volume @ RCL last months   
    The volume significantly increased over the last months, mainly on bitstamp. The volume is dwarfing Jed's XRP 100mm selling back this year and reached around 100mm several times the last month, even reached 150mm on 9. dec. Maybe we could gather some information in this thread where the volume is coming from. Who are the sellers, who is buying?
     
    My best shot: Ripple said they would stop selling OTC so they have to serve demand through the existing gateway structure. @BAX made an interesting post in another thread:
    I don't know about any other entities who own such amounts of XRP except the founders. Ripple recently hired someone to coordinate the XRP selling. Assuming they stick to their statement that they don't sell OTC anymore it might be Ripple who is selling. But who is buying? I doubt the demand is FI related since the wallet that bought most of these XRP bought them via BTC (no serious FI would do that i guess). 
    It will be interesting to see if prof. market makers using RCL will get their initial XRP through the existing gateway structure. If that ever happens
    Time to celebrate now, cheers ladies and gentlemen! I'm excited about 2016! Have a good night!

  12. Like
    Zooplankton reacted to kanaas in Tunisia to Replace Its National Digital Currency   
    http://www.the-blockchain.com/2015/12/28/tunisia-to-replace-its-national-digital-currency-edinar-with-blockchain-driven-monetas-currency/
    Don't think it's much important as news, but it reminds me on what I've said before. Postage services are sitting EXACTLY on the middle of all those crossing roads like Xborder payments/remittances, financial inclusion/accessibility , wide-spread cashpoints, e-commerce..... And that new road ..... cryptocurrencies? 
  13. Like
    Zooplankton reacted to Alec in "Ripple 2015: A Year in Review"   
    @T8493
    Can you try clearing your cache to see if that helps? I haven't been able to replicate that font inconsistency across three different systems.
    WRT font blurriness, I'm not an expert on this topic, but the anti-aliasing/blurriness you're seeing might be a design choice. I'll follow up with our web dev/design team.
    TY for bringing this up.
    @Haydentiff
    Y'all already do a fine job of spreading the good Ripple word. And your combined efforts make XRPchat an invaluable resource.
    But if you guys have any tips/thoughts/story ideas, please reach out: alec@ripple.com
  14. Like
    Zooplankton reacted to celticwarrior72 in DAH struggling to get funding, integrate acquired tech   
    What this article points to is the general deterioration of the general venture funding environment for all but the very best startups.  And that means those with weak products, poorly defined markets and an unclear revenue story are going to have difficult in raising anything beyond their seed rounds.  Ultimately venture backers are looking for the company to 'nail it and scale it'.  That means creating an amazing product with strong value proposition for a well defined market and using the first round of capital to establish the unit economics.  Once they know what they are doing, then put the foot on the gas.  These huge Series A rounds are impressive, but can make it very difficult to raise a Series B or beyond if they are too big.  In reality many of the 'blockchain' companies are seed stage players with Series A sized teams.  That's never a story that a VC wants to hear and often results in the dreaded 'down round' where valuations are lower than the last round of capital.  My prediction is that we'll see a lot of this in 2016.
  15. Like
    Zooplankton got a reaction from Altcoinbonanza in DAH struggling to get funding, integrate acquired tech   
    This is massive news. Ripple is in a fantastic position, and we can only hope that 2016 will be another amazing year for the company. So far it's shaping up to be the best yet.
  16. Like
    Zooplankton got a reaction from xtrapower in DAH struggling to get funding, integrate acquired tech   
    This is massive news. Ripple is in a fantastic position, and we can only hope that 2016 will be another amazing year for the company. So far it's shaping up to be the best yet.
  17. Like
    Zooplankton reacted to JoelKatz in Ripple - a great workplace :)   
    The beauty of things like Bitcoin and Ripple is that you can decentralize them even if everyone runs somewhat different code. The more things people have to agree on, the harder it is to decentralize. While there are some things that they do have to agree on (such as the consequences of a transaction that the network has decided to execute), there are lots of things that they don't have to agree on.
    In Bitcoin, for example, miners have complete freedom to decide which valid transactions to include in blocks that they mine. And servers have complete freedom to decide which other servers they're willing to connect to and what transactions they're going to relay. The software has mechanisms to tolerate disagreement on these issues. And the more disagreement you can safely tolerate, the easier to decentralize.
    In Ripple, we've explicitly declared that there does not need to be agreement on which transactions to relay or what fee levels to request in validations. The code is specifically designed to smoothly tolerate disagreement on these things just as Bitcoin's code is designed to smoothly tolerate disagreement. Disagreement over fee levels, and tolerating that disagreement, is required in Ripple to prevent the network from being as fast as the fastest validator (reducing protection against collusion or shrinking the network to a small number of superfast computes) or as slow as the slowest validator (and losing performance).
    This mechanism served almost precisely its intended purpose, allowing validators to raise the fee to protect themselves from being overwhelmed. Unfortunately, due to the slow response of the current fee escalation code, we had to do this before the load was seen. We've considered coming up with a more sophisticated temporary fix, but the workaround has created no issues and a fee of 10,000 drops is still essentially negligible.
    Torrie didn't bring this to anyone's attention, you did. (Well, actually, Yana and I did quite some time ago: https://forum.ripple.com/viewtopic.php?f=2&t=8090&p=57273#p57303 .) But unless she's said something to you about it, we have no idea whether this is what she's talking about. Her exact words were, "special backdoored versions of the software". To describe the fee knob that way would require someone to be either totally uninformed or intentionally dishonest. The fee knob produces only a single, obvious change in the validations produced, which are immediately made public.
    Unfortunately, the fee queuing code has hit several blockers in other parts of the code. So it's taken longer than we expected. We could probably add code to raise the fees more quickly without the full fee queuing code. But there haven't been any actual issues reported by anyone as far as I know, so it seems pointless to make another temporary fix to something that already has a temporary fix.
    "I signed an NDA, but not sure going along with untruths was part of it."
    Can you state specifically what you think is an untruth?
  18. Like
    Zooplankton reacted to JoelKatz in Ripple - a great workplace :)   
    I was quite surprised to find out that Torrie felt this way about her time at Ripple. I always found her to be competent and professional. She deserves credit for all the improvements she describes, accomplishments achieved in just six months.
    One accusation requires a specific response, "Agreements within the team that special backdoored versions of the software needed to be produced as security through obscurity." I have no idea what she's talking about here. I personally approve the code that runs on the validators, and there has never been any kind of backdoor in the code that runs on our validators or other production Ripple servers. There has never been any discrepancy in the public code and the code run on our production servers that affects how transactions are executed, what transactions are considered valid, or anything of that kind. And if there ever was such a thing, it would be easily provable since every transaction's consequences are publicly published in the ledger chain along with the cryptographically-signed transaction that justified them.
  19. Like
    Zooplankton reacted to ripplerm in ripple wallet   
    source code: https://github.com/ripplerm/ripple-wallet
    running example: http://ripplerm.github.io/ripple-wallet/
     
    This is a lower-level wallet based on the old ripple-lib. It provide simple gui for people who like to access advance feature of Ripple,  e.g. regularKey, account settings, trustline quality, sending memos, etc...
     
    Note:  I'm a novice coder, the wallet is in alpha stage and full of some quick dirty codes.... So, use with caution....
    cloning/forking are welcome.
  20. Like
    Zooplankton reacted to celticwarrior72 in Patrick Byrne’s warning about R3’s blockchain consortium   
    R3's consortium is made up of banks.  Patrick Byrne's blockchain company (T0) is a subsidiary of an online retailer.  Probably not a great fit for what R3 are trying to do.
  21. Like
    Zooplankton reacted to Altcoinbonanza in The Hadron Collider and Ripple meet in Switzerland 2016   
    OK. This will be an interesting event on January 20th through 23rd as Ripple will Collide with the major banking cartels and the established Banking elites. I love the statement made on this article posted by Ripple "Participants will discuss the rapid changes the world economy faces today, defining the task before us as “Mastering the Fourth Industrial Revolution.” Chris Larsen, Ripple's CEO will be there as one of the speakers.
    Keep in mind that just 4 hours and 25 minutes away in Geneva is where the Hadron Collider rests. Here they conduct experiments that would blow your mind. Zillions of protons collide to create things that our minds are sometimes not capable of understanding.  This Behemoth of a technological break through is symbolic of Ripple's technological brilliance in bringing to markets what was thought of as impossible but now a startling reality. The Ripple protocol will collide with the establishment and the weaker will have to give praise where praise is due. 
    https://ripple.com/insights/looking-forward-to-davos-2016/

  22. Like
    Zooplankton got a reaction from rippleric in Ripple in Singapore   
    The project leverages the Ripple’s distributed ledger (RCL) to underpin a platform for tracking invoices backing loans to suppliers.  The platform is built for Singapore, the world’s leading finance and trading hub.  
     
    https://ripple.com/insights/distributed-ledger-technology-offers-solutions-for-trade-finance-in-asia/
  23. Like
    Zooplankton got a reaction from karlos in Ripple in Singapore   
    The project leverages the Ripple’s distributed ledger (RCL) to underpin a platform for tracking invoices backing loans to suppliers.  The platform is built for Singapore, the world’s leading finance and trading hub.  
     
    https://ripple.com/insights/distributed-ledger-technology-offers-solutions-for-trade-finance-in-asia/
  24. Like
    Zooplankton got a reaction from Ant in Ripple in Singapore   
    The project leverages the Ripple’s distributed ledger (RCL) to underpin a platform for tracking invoices backing loans to suppliers.  The platform is built for Singapore, the world’s leading finance and trading hub.  
     
    https://ripple.com/insights/distributed-ledger-technology-offers-solutions-for-trade-finance-in-asia/
  25. Like
    Zooplankton got a reaction from RafOlP in Ripple in Singapore   
    The project leverages the Ripple’s distributed ledger (RCL) to underpin a platform for tracking invoices backing loans to suppliers.  The platform is built for Singapore, the world’s leading finance and trading hub.  
     
    https://ripple.com/insights/distributed-ledger-technology-offers-solutions-for-trade-finance-in-asia/
×
×
  • Create New...