brianwalden

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brianwalden last won the day on July 31 2016

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About brianwalden

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  1. That's not an argument. The words in your original post were indistinguishable from a concern troll. I calmly and carefully worded what I wrote to stress that your arguments may be strong, but that your rhetoric is insincere. If you're an old whale, congratulations, your investment is finally paying off - I don't know why you talk like someone who bought in when XRP was at $0.35. It's clear that you're the one with the shriveled amygdala; you're accusing me of your own weaknesses as a self defense mechanism. At this point I wouldn't be surprised if you actually were born into a cult.
  2. I will not address the content of @Cryptoah's arguments, maybe they are pure gold. But I will say that 2016 was a year, it red-pilled me hard, and I became a lot less naive about things. I've seen this type of rhetoric before. This is the language of the subversive. This is the language of the infiltrator. You are not one of us. As I said in my first sentence maybe his arguments are great and he merely possesses an unfortunate communication trait, but beware; he smells like a wolf, not a sheep.
  3. Correct, they don't need XRP. Do you remember AOL in the 90s? It was basically a walled garden of the Internet. It was a huge success until the world wide web got popular and people realized they could just get a basic internet correction and do whatever they wanted on the internet. Take Facebook on the other hand, it came along in the mid 2000s after the web was well established. Facebook doesn't try to be everyone's total internet experience. They are one website among all the websites, one app among all the apps, one social network among all the social networks, etc. But Facebook does try to be useful for the different things people do. That's why they have Messenger and Instagram, etc. Facebook, even though it only accounts for a fraction of internet usage, is way bigger than the entire pre-web internet market. Ripple tried to build the AOL of payments, that's what the XRP Ledger is. It works great from a technical perspective but it wasn't adopted for a number of reasons: bitcoin has the crypto network effect, it's too complicated for normies, for business payments are a means to an end so they don't something turn key not a nascent technology, banks didn't like the walled garden, etc. In short the market wasn't there. So Ripple changed its philosophy and is now trying to use ILP to build a world wide web of value. If there's a huge sea of transactions out there, the XRP Ledger only needs to be used for a fraction of them to be a huge success. Will it work? God only knows.
  4. Ripple thinks that when ledgers are highly connected by ILP, the XRP Ledger will compete quite nicely on speed and low fees; so they believe XRP will be used as a bridge currency in many transactions. XRP isn't what's in question in this thread, the question is whether people will create IOUs on the XRP Ledger or just create their own ILP server.
  5. So you're saying it's going to be a while?
  6. @MBi I live off of Western between the two campuses.
  7. Do you Ripple guys realize you work in a job where you have fans? The only time someone's looking for me at work is if I'm in trouble. CUT THAT MEAT!
  8. Albany here
  9. Wouldn't a rippled server that's not connected to the consensus network just be an ILP enabled server?
  10. I'm a total slacker. I've done nothing Ripple related but I'm currently a Java developer with experience in PHP, JavaScript, and Perl.
  11. Hear, hear all you frenetic XRP traders. If you read between the lines of what one of our most highly regarded (and deservedly so) analysts said, he can make a pretty good call of what will happen in the next day or two but trying to predict what the price will be next week is anyone's guess. So do not worry about the price of XRP next week, for next week will bring worries of its own. Today’s XRP price is worry enough for today.
  12. @jmar42 I don't disagree on XRP's value as a bridge currency. Let me give an example of what I'm talking about. Right now when my young daughters get money from holidays or whatnot, I take the cash and credit them with dadbucks: DAD.~brianwalden in Ripple. When they're older and can spend some of that at their own discretion, I can make an offer on the books trading 100 USD.Gatehub for dadbucks 1 to 1. This will let them make a purchase of up to $100 rippling across the order books through USD.Gatehub and into whatever final currency they'll be spending. In the future I could move my dadbucks ledger to an ILP server, let's say hypothetically that Google offers it as a part my Google Drive subscription. Now if I want them to be able to spend money I put $100 in my ILP-enabled PayPal account and make a 1 to 1 connection to my dadbucks server. Now the same thing happens if they want to spend money, the transaction "ripples" across the interledgers and doesn't necessarily hit the XRP ledger (but it could). Both ways of doing it have the same outcome (ILP is essentially Ripple without the ledger). But using IOUs on the XRP Ledger has the downside of making my debt to my daughters and their transactions public if anyone cares enough to scour the ledgers.
  13. You're mixing up the everyday meaning of trust with the DLT jargon meaning of trust. Regardless of how you feel about your bank, PayPal, and Poloniex, you trust them enough to give them your money - and that's the definition of DLT trust. If you trust the automatic program to handle deposits and withdrawals, you would trust the same automatic program to implement ILP. In fact, this method has less counterparty risk. You're only trusting the program and don't need any trust in the XRP ledger.
  14. So here's my thoughts on when IOUs on the XRP Ledger might be used. First, I don't think not trusting the ledger to implement the rules of transfer correctly is a real reason. If you trust a ledger enough that you're willing to deposit your money and expect to be able to withdraw it, then you implicitly trust them to handle exchanges correctly. I think that in the future there will be software that even individuals can run to create an ILP server to create tokens for the neighborhood yard sale or whatever. So setting up a bare bones ILP ledger will be as simple as issuing IOUs from a ripple wallet. One reason for going with the XRP ledger is if you either don't want to host a server yourself or don't want to pay to host it. I think this reasoning really only applies to individuals, even a small business wouldn't want to trade privacy for saving a few bucks per month. Another reason I can think of is the decentralization. If it's critical that your ledger is always up, it may worth it to just use the XRP Ledger instead of setting up servers with different hosting companies all over the world. The last type of thing I can think of is if something is a record for the public good. If you merely wanted all the account holders to see everyone's balances, you would just make them visible. I can't think of an example, but I'm sure there are some types of transactions that you want recorded for posterity's sake.