xebit

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  1. Hodor liked a post in a topic by xebit in Dozens of Banks Are On Board With Ripple, But What About XRP?   
    To criticize banks for adopting Ripple tech by pointing out they aren't initially using XRP is short sighted.
    It's not going to happen all at once. Banks are extremely conservative.
    The first step is for them to replicate exactly what they are doing now with new tech.
    But it doesn't take a genius to know what happens after that.
    The fact that they are adopting Ripple tech even without XRP use at this point is extremely bullish for XRP.
    Is that good enough for you @hodor? Got to counter
  2. karlos liked a post in a topic by xebit in Site needs a sticky "Ripple" forum   
    I think the board needs a sticky "Ripple" forum at the top of the list. With sticky posts that are constantly refined with concise info about Ripple, the tech and the progress.
    But it should also include counter arguments and responses that could be referred to whenever they come up. 
    If the sticky is constantly refined with new info and properly organized, it would be a great resource.
    Currently this kind of info is hidden all over the place.
    The noob forum is too focused on being a noob to the site and focuses on secondary things like how to setup wallets and how to get XRP.
    Noobs and all of us for that matter need a concise resource for compiling info about Ripple and XRP and addressing any concerns.
    That would be so much more efficient than random noob hype, echo chamber and playing criticism whack-a-mole.
  3. Hodor liked a post in a topic by xebit in Dozens of Banks Are On Board With Ripple, But What About XRP?   
    To criticize banks for adopting Ripple tech by pointing out they aren't initially using XRP is short sighted.
    It's not going to happen all at once. Banks are extremely conservative.
    The first step is for them to replicate exactly what they are doing now with new tech.
    But it doesn't take a genius to know what happens after that.
    The fact that they are adopting Ripple tech even without XRP use at this point is extremely bullish for XRP.
    Is that good enough for you @hodor? Got to counter
  4. Duke67 liked a post in a topic by xebit in IOTA's Tangle meets Internet of Things requirements better than any blockchain   
    Mumbo jumbo alert.
    Why all the language and phrasing designed to bewilder noobs? e.g.
    wtf is that supposed to mean? I'm supposed to be surprised that they are part of their own alliance? lol!
    The phrase "Trusted Internet of Things Alliance" is only from that article.
    Trusted by whom?
    Here's my token, it's trusted, by me. I'm glad they trust themselves. Very confidence inspiring. hah
    Is it also true that Bitfinex isn't allowing deposits? To keep the price jacked up?
    The way this token is being released to the market reeks of a piggy backing Ethereum hype exit scam.
  5. xebit liked a post in a topic by Xi195 in BTCXRP Poll for Sunday June 11th 2017   
    Would be interesting to see a survey like this regularly as a rough gauge of optimism. 
  6. Xi195 liked a post in a topic by xebit in BTCXRP Poll for Sunday June 11th 2017   
    BTCXRP Poll for Sunday June 11th 2017.
  7. xebit liked a post in a topic by Hodor in W3C Info about working towards Interledger standards   
    I think it's meant to be a slideshow type of format. 
    On another note; they mention "open banking" on slide 31, which seems to be a... trend?   I'm stopping short of calling it a standard, but they are focused on a normalized set of APIs that banks should make available. 
    I'm not sure who is officially in charge of international standards for "open banking", however.  I think it is a UK-led effort from the short amount of reading I've done.  It *looks like* the Competition and Markets Authority (CMA) is in charge of the standards.  This organization is a non-ministerial government department in the United Kingdom.   Anybody know if open banking is something serious, or is it just UK-specific?
  8. xebit liked a post in a topic by kanaas in MoneyConf 2017 - RIPPLE on Center Stage on June 7 - REMOVED   
    Rumor has it that the Ripple CEO can't make it to be in time on moneyconf as he has an urgent appointment with the Apple CEO to sign a deal about a new wallet with Ripple integrated or something like that ... Can as well be at Google or Microsoft as well... That rumor has it starting by this post....
  9. UrzasLegacy liked a post in a topic by xebit in Ripple swag for auction   
    Considering the popularity and demand for this shirt, what about some unsigned Ripple shirts at normal price?
  10. UrzasLegacy liked a post in a topic by xebit in Ripple swag for auction   
    Considering the popularity and demand for this shirt, what about some unsigned Ripple shirts at normal price?
  11. xebit liked a post in a topic by karlos in Ripple swag for auction   
    Oh wow, a very cool idea! Thats really nice . Lots of people have been asking for Ripple t-shirts, and now this one has rockstar signatures all over it!
    I guess that means I can't bid on the shirt then? 
  12. xebit liked a post in a topic by brianwalden in If XRP are zerps...   
    ...does that mean the newly renamed XRP Ledger (XRPL) is the zerple?
  13. xebit liked a post in a topic by JoelKatz in Valuation Models - XRP The Digital Currency Vs. Ripple the Company   
    I am sorry that wound up misleading people. Let me explain what happened:
    Originally, we were going to have three demos at consensus. XRP to ETH using ILP, Banking payments using XRP/paychan under ILP, and a demo of a future vision of a micropayment system over ILP.
    We were also going to do several corporation partnership/strategy announcements, including the lockup and the new exchanges and so on at consensus.
    It reached the point where there just weren't slots for all the demos or time to do the releases. And it wouldn't have given people time to track us down to discuss new partnerships and so on if those announcements motivated them to talk to us. Also, we expected everyone else to announce at consensus, so we might have gotten lost in the noise.
    So the strategy changed. We announced more things before consensus and at some point, we just decided to announce pretty much everything before consensus to go in consensus on a high with everyone already wanting to talk to us about what we were doing.
    The strategy, I think, worked well. We did enter consensus with a high level of excitement. Lots of people wanted to work for us, and we had lots of high-level talks with all kinds of people. We had lots of companies offer to run validators in lots of jurisdictions. It was awesome.
    But the downside was that we didn't announce very much new at consensus, though that was the original plan.
    Again, I apologize for misleading people. That was totally my fault. I was really excited about we had coming and really couldn't resist sharing my enthusiasm. I'd say I'll be more careful in the future, but I think that would be kind of a sad thing. Know that I will always try to be completely honest and say only what I genuinely believe but that sometimes things will change and that is beyond my control.
  14. xebit liked a post in a topic by JoelKatz in 2b+ ripple dropped   
    I am a bit less familiar with day-to-day stuff across the company both because it's growing and because I'm not on the board anymore. Right now, most of my efforts are around improving security across the board (both in the ledger part of the company and outside it) and handling issues involving the processes we'll use to lock up the XRP and making sure our tooling is bulletproof.
    I don't think there's any effort to keep things from me, but now you have me thinking. Maybe they perceive me as talking too much to the community. I don't think so, but you never know.
     
  15. xebit liked a post in a topic by JoelKatz in Valuation Models - XRP The Digital Currency Vs. Ripple the Company   
    Here's how I've been explaining it recently:
    1) There's a business that Ripple has providing transaction processing software to banks. It can work without XRP and without any blockchain tech. It improves international payments because it uses end to end messaging to track payment progress, ensure all necessary compliance information is in the transaction in the first place, precisely knows the fees ahead of time, and provides prompt, reliable confirmation of delivery. This is a big enough improvement that banks will use it even if the actual money moves the same way it does now.
    2) Ripple has built a public blockchain with a native asset. It has various nice features -- a distributed exchange, good governance, fast transactions, high transaction volume, native multisign, key rotation, payment channels, and so on.
    3) The hard part about getting banks to use a blockchain isn't the blockchain, it's everything else. It's governance, compliance, integration with banking systems, and so on. our software does all that stuff, so if routing a payment through XRP is a penny cheaper, the bank can take it. Then we have to make XRP cheaper somewhere that matters.
    4) We don't target the biggest corridors like USD->EUR because they're efficient. We target an inefficient, but fairly high volume, corridor. For example, EUR->INR. Market makers have very small profit margins, so even a small incentive to place good EUR<->XRP and XRP<->INR offers can beat what banks are getting now through the correspondent banking system.
    5) Once we get one corridor, we hang other countries off each end of the corridor, expanding the reach of XRP.
    6) Now, say you're a company like Seagate that pays out money all over the globe. If you have to make payments to five countries in our corridors, you'd rather hold one pile of XRP than five piles of different currencies. That increases demand.
    7) Now, say you're a company like Apple with a huge pile of cash. If you want to snap up other assets cheap, you'll need to hold the asset the people selling want. If they're going into any of our corridors, they'll want XRP, so you would want to hold it.
    8) If that succeeds, it should massively increase the price of XRP.
    9) Ripple holds a huge pile of XRP and will be the dominant XRP holder for the foreseeable future. But we're primarily VC financed and we get revenue from selling software to banks. We don't use our XRP as a bank account but as a strategic weapon. (Though we do sell some for revenue, we just don't need to for salaries or to keep the lights on.)
    10) Anyone who gets XRP from us as part of some deal with a lockup has their incentives aligned with ours. They want the long-term price of XRP to go up too.
    I think that pretty much covers our vision. There is, of course, no guarantee of success. This is a pretty crazy thing we're trying to do. But we have 160 full time employees and have raised tens of millions of dollars. We've hired many amazing people, and our track record speaks for itself.
  16. GreyAndroidGravy liked a post in a topic by xebit in Ripple's big demo, and why you missed the big deal   
    Dude that bounty is just gravy... oh wait a minute you got that covered. lol
  17. xebit liked a post in a topic by Hodor in Thailand Exchange now Offers XRP   
    Good to know!  Then they have an established base that probably has substantial capital...
  18. xebit liked a post in a topic by Xi195 in CONSENSUS 2017   
    Suffice it to say the team at Ripple is even more courteous and friendly in person than they are online. Great people, though the lid on swag is pretty tight 😉. I did manage to get my hands on these official Ripple stickers and...a golden ticket. 😵🍻

  19. zerpdigger liked a post in a topic by xebit in NEW XRP WEBSITE   
    What happened to Bitstamp BTC/XRP on the frontpage?
    Seems to have been replaced by Gatehub fifth.
  20. Zen1 liked a post in a topic by xebit in Ledger Wallet Support for XRP   
    Asked about it back in August.
    This was the response:
    http://slack.ledger.co/
     
     
  21. xebit liked a post in a topic by Tim in Hello from Ripple...   
    XRP Chat : 
    Long time reader, and avid follower here. My name is Tim Lewkow, and I manage a team of six integration engineers at Ripple. I was the second member (employee 23 at Ripple from December 2013) to the now 30+ team that we internally call "Customer Success". That team now includes a tremendous group of project managers, architects, technical services engineers, and account managers. 
    It's really been a special part of my life to watch it grow and evolve into an group that facilitates enterprise software delivery and professional services for financial institutions around the world.
    I also consider myself one of the largest, internal supporters of the XRP side of our business. I work on security, off ledger XRP exhcange integrations, gateways, market maker integrations, and most of the external facing communications that you all read. . 
    ..."Ledger churn" was a recent one I debated @warpaul about
    By way of this introduction, I'd like to officially make myself a part of your community, and do my best to contribute.
    -Tim
  22. xebit liked a post in a topic by Graine in What are your views on XRP?   
    Am I the only one that remembers partial payments exploit that rendered Justcoin out of63M+ XRP and subsequently out of business? Also, Donch's bot that takes advantage of order execution shenanigans. 
  23. xebit liked a post in a topic by karlos in XRP's 2016 performance in a nutshell   
    Yeh I made that mistake too. My colleagues have turned XRP into a running joke ☹️
    Ripple management is very lucky that XRP holders have no voting rights. Because if we did, half of them would be clearing their desks right now.
  24. karlos liked a post in a topic by xebit in XRP's 2016 performance in a nutshell   
    When you tell all your friends to get on the Ripple train.

    Merry Christmas from Ripple.