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edwin90

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  1. Zoom in on the whiteboard in this picture (at Ripple.com). Icici (among whats seems to be amex, yes and ifx or something). Of course a bit speculative but still interesting.
  2. People who immediately say "no, that's crazy" are just as crazy as people who do crazy predictions imo, or perhaps never took the time to investigate themselves. There are significant ties to be found the more you investigate about Ripple including (indirect / direct / speculative) ties to key players in the financial world. There also are possibilities of major near term economic problems where digital currencies may get more attention for various reasons. Current problems are for example shadowbanking with no overview of lending by banks, complex regional regulations, high stock market possibly run on margin buying, high national debts, dependence on fiat like USD, little market competition (hi swift) and some more stuff. Decentralisation of payments, financial inclusion, less complexity, open banking, blurring fintech lines with more focus on innovation and optimalisation of services and keeping the customers happy, maintaining overview of value being moved around, open market competition, near instant and secure settlement are current topics afaik. I don't know if XRP may be 'the one' (I think it will be part of a global interconnected network) but saying XRP goes to 3 dollar in a month, when it was less than 20 cent, was also crazy. It's like I now say we go past ATH within a month. Or saying the stocks will crash this year -60% with major global crisis. Or perhaps as crazy as some of the things Rachal says. There *are* global economic issues, Ripple has the connections, the tech, the money. Don't forget they talk with tens of central banks for example. This is uncharted territory so we will see how it evolves. I do see possibilities for surprises so immediately shutting the door and saying it's unicorn talk is something I personally don't agree. Edit: Note that I don't necessarily agree with Rachel. My point is that people sometimes immediately say "crazy" and shut down the conversation, when I do believe suprising things are possible
  3. This week Rabobank will decide if they continue the project. Related sources (28 feb 2018): https://fd.nl/beurs/1245101/rabobank-blijft-sleutelen-aan-opslag-voor-cryptomunten Statement they will decide this week (20 june 2018): https://www.volkskrant.nl/nieuws-achtergrond/hoe-houden-bezitters-hun-cryptomunten-veilig-voor-hackers-~b440cd46/ Rabobank Moonshot aftervideo (15 june 2018) mentioning Rabobit: 0:50 rough translation: "What I really like is that from the 3 options that were left; two food and agriculture related, both on global scale and on Dutch scale. How nice does that fit with our strategy? And of course the third one, Rabobit, fits beautiful to the world of horizon level three [(vista, groundbreaking, potential disruptive)] , where we are searching for the model the Dutch do possibly seem to wait at." Seems positive to me, he acknowledges that the Dutch possibly *do* want Rabobit. Edit: The latest update I could find is this tweet (19 july 2018):
  4. 1 march 2018 product video If I understand it correctly they are busy creating a similar solution for the energy sector within the Commodity Trading Consortium. Test results were very positive, aims to go live by end this year. https://www.infosys.com/campaigns/Documents/PDF/2018/blockchain-revolution-full-report.pdf Announcement by ING 6 nov 2017 regarding this solution: https://www.ing.com/Newsroom/All-news/ING-joins-forces-on-blockchain-based-platform-for-energy-commodities-sector.htm Many significant fintech developments happening at this very moment
  5. edwin90

    Money20/20 Europe

    until
    Ripple is there incl Joelkatz. Also significant speakers from fintech industry like Wechat Pay, Dutch bank suggesting announcements etc. Monday, June 4 • 11:30am - 11:55am (Brad Garlinghouse) Blockchain, digital assets and reimagining global payments Tuesday, June 5 • 4:00pm - 4:40pm (Lordkatz, Stefan Thomas) Currency or commodity – how do we approach the shapeshifter that is crypto? Details: How should we be viewing crypto? Its volatility has shocked even the most knowledgably of experts, and the ‘currency vs asset class’ debate rages on with no definitive answer. Join our panel of certified crypto experts as they discuss, debate and de-mystify the classification of bitcoin and its cohorts. Wednesday, June 6 • 10:25am - 10:45am (Marcus Treacher) How blockchain is making instant cross-border payments a reality Details: American Express and Ripple are working together to make instant cross-border payments a reality using blockchain technology. SMEs and businesses worldwide can benefit from the innovation of blockchain-powered instant payments, helping to drive global commerce. This is the use case for American Express’ use of Ripple’s blockchain solutions for payments. SMEs still make up the backbone of most major and developing economies, and they are most impacted by the inefficient, costly global payment system. Companies like American Express and Ripple are innovating to provide businesses the ability to transfer value as easily as sending an email. Ripple booth info
  6. edwin90

    $, ¥, XRP?

    More info: The website: www.xrpsymbol.com Twitter: https://twitter.com/xrpsymbol Github: https://github.com/xrpsymbol For those not as tech savvy [to use github], send your idea to suggestion @ xrpsymbol.com Please use “New XRP Symbol Suggestion” in the subject line. SUBMISSIONS ARE STILL OPEN: Everyone feel free to send suggestions. Imo don't worry about professionalism, sometimes perspectives are more important than cutting edge photoshop skills. This is a community project. It's NOT officially supported by Ripple but several employees have responded at Twitter already. I would suggest to change title to clearly include xrpsymbol.com as this is a welcome community driven project imo
  7. Are Bitcoin Bubbles Predictable? Combining a Generalized Metcalfe’s Law and the LPPLS Mode March 16, 2018 Spencer Wheatley, Didier Sornette, Tobias Huber, Max Reppen, and Robert N. Gantner ETH Zurich (Eidgenössische Technische Hochschule Zürich) , Department of Management, Technology and Economics, Switzerland Swiss Finance Institute, c/o University of Geneva, Switzerland ETH Zurich, Department of Mathematic https://arxiv.org/pdf/1803.05663.pdf My view: I wonder if they are aware that people buy cryptokitties and dentacoin 'just because thats why'. Not everything is pure math imo. I also wonder if there are multiple metcalfe law cycles possible (within 1 big cycle)? Maybe the young tech people comfortable with internet already had the quickest growth curve. But, if accessability keeps improving, new cycles might start with other groups of users entering crypto. If btc somehow keeps a good name / market / use, and the general cryptomarket continues developing, who knows how the curve looks like. Ecosystem growth + geographic expanding + easier accessability + emotions + networking effect of people telling each other how to buy etc + regulation getting shape etc etc = possibly new groups of people buying and raising the marketcap There are multiple groups each with their own metcalfe entering curve imo. For example businesses, funds, governments, tech people, people used to stock trading, average joe moms and dads who dont even know how to turn the computer on but still have family in other countries which they like to send money etc. Disclaimer: i don't know if my view is possible and i have no idea how stuff turns out but i bet many experts didn't believe bitcoin would touch 20k relatively quick when it was 30 cent, and also many experts didn't expect xrp's ATH. For me it's just interesting to watch how it plays out and look back at this paper a few years from now
  8. As big players seem interested in accelerating blockchain adoption this might help moving a lot of value in general into blockchain. So no testing or doubting but real worldwide use with lot of value on the move. Big players are a bit cautious at the moment because blockchain is new territory so some standards, best practices (for security for example), a smooth ecosystem and regulatory clarity will help big players to really use blockchain in their business Like the WEF survey, some people expect about 10% of GDP into blockchain. If just a little part flows through xrp ledger that would be noticable in volume and demand i guess. Also lets not forget the W3C Web Payments standard that makes mobile payments (through ILP or other solutions) easier, another sign of maturing fintech. In summary: both Ripple and XRP benefit from a matured industry with standards, clarity and adoption
  9. Sharing my findings as I couldn't find them all at xrpchat. There is some good stuff happening (in my opinion) regarding the progress towards real blockchain adoption in general (which I assume is profitable for XRP usecase adoption too). First let's again view what a survey by WEF World Economic Forum with "over 800 executives and experts from the information and communications technology sector" says: From Ripple insight: Original PDF by WEF Ripple Insight regarding this survey Of course this is an averaged estamation based on the responses and the survey was done in 2015. Stuff already seems progressing quicker than expected (incl for Ripple). It shows the expectations the respondents in the ICT sector have. Blockchain ISO standards developments There are ISO standards being developed for "blockchain and distributed ledger technologies". Such standards are necessary (imo) for real worldwide adoption. Currently the stages of those ISO standards are 'Preparatory' (stage 20.00) at most. Here is an overview of participating and observing countries: https://www.iso.org/committee/6266604.html?view=participation This standard is an initiative by Australia. From the roadmap for blockchain standards of Standards Australia (march 2017): Small overview of roadmap here. So even though the current status is 'Preparatory' at most, the ISO standards ARE being developed at this moment. Boiling fintech in Luxembourg; Infrachain From website: Q1 2018 introduction paper Now lets view Infrachains members page: This shows that big players in the industry like Ant Financial are actively busy progressing to realworld usage / adoption. Also interesting Ant Financial is active in Luxembourg it seems. Talking about Ant Financial, their brand Alipay has some plans. Exciting blockchain/fintech times ahead imo. For speculation; Snapswap, KPMG, Telindus, Deloitte have some connections to Ripple. SnapSwap USA (a Ripple gateway) stopped but the key executive was Denis Kiselev, which is still active at SnapSwap International S.A. in Luxembourg. KPMG slide mentioned Mastercard tested Ripple payments blockchain solution (just noticed the slide author is Unilever, big Dutch company that had 52.7 billion euro turnover in 2016) Telindus has a Ripple validator running Deloitte (37.8 billion usd turnover) senior manager for innovations talking Ripple here and here. Maybe he is in the community somewhere. Also in Japan the selfregulated Japanese Cryptocurrency Exchange Association was created which fits above progress (ISO standards under development / Infrachain trying to accelerate blockchain adoption by community created regulation). Good to see these initiatives which should help accelerate blockchain and/or crypto use by setting standards & guidelines at a moment there is still some regulatory unclarity.
  10. A bit dated but couldn't find this at XRPChat so just for archival and those interested; At 19 february 2018 two Dutch parliamentarians asked formal questions about Tether to the Dutch Minister of Finance (Hoekstra). Reason for this are concerns about the Dutch ING bank who has Tether as their customer while there is an article that Tether might be involved with billions fraud. Initial questions here by SP parliamentarian: https://www.tweedekamer.nl/kamerstukken/kamervragen/detail?id=2018D05812 Above questions had addons by PvdA parliamentarian here: https://www.tweedekamer.nl/kamerstukken/kamervragen/detail?id=2018Z02856&did=2018D05823 The answers from Dutch minister of Finance (20 march 2018) at the SP parliamentarian: https://www.tweedekamer.nl/kamerstukken/kamervragen/detail?id=2018Z02844&did=2018D20427 Answers at PvdA parliamentarian: https://www.tweedekamer.nl/kamerstukken/kamervragen/detail?id=2018Z02856&did=2018D20428 Google translate of the answers to SP parliamentarian: Translation answers PvdA parliamentarian:
  11. Some quick sharing of some speculative things I noticed some time ago. Feel free to value it any way you like. From Ripple career page: connectToHue() written on the glass, seems to be only found here at the github of Frederik Kvartborg who worked at uptime.dk which forked hyperledger fabric. This image shows ICICI (ICICI bank), YES (YES bank) and possibly IFX International FX In general there are, imo, interesting vacancies on the career page. It's clear Ripple is progressing well imo. I wonder what developments happen in Africa (example this one mentions "[..] supporting Ripple’s growth and presence in European and African markets", and Mojaloop is also interesting. In the recent 'ask me anything' interview Muzza from the real zerpbox discord chat noticed Cory said Santander bank uses xCurrent and xRapid. Interesting, assuming this is not a mistake. Link to interview here , time 32:28. Coinfuddesk really liked to emphasize it was xCurrent only. Santander seems to use Ripple blockchain tech. xcurrent is a messaging platform, not a blockchain afaik edit: xcurrent uses ILP and some people say what Cory said was a mistake Also Brad doesn't see xrp as a security (38:10). Personally I also think it will not classify as a security. There is lot of speculation at the internet but as the SEC says: So I like to emphasize "regardless of the terminology or technology used – will depend on the facts and circumstances, including the economic realities of the transaction". This matches imo Ripple's view like here. Some coins really say they have no use (hello EOS block 5 of FAQ for example), some are really made to only bring up quick money with no problem solving/functional economic reality, that makes a difference imo. There general cryptomarket still has to mature as there is lot of nonsense bought (in my opinion, again). In the march 1 2018 podcast 'Get bits or die trying' they talked about software released later on in q3. I think that podcast is pretty interesting if you listen to the details. https://www.xrpchat.com/topic/20476-get-bits-or-die-tryin-and-ripple-explain-xrp/?do=findComment&comment=280198 Some other stuff I found watching the XRP video series: They have good whiskey: updateBalances() code on a paper at their office. Couldn't quickly find updateBalances function in rippled code Possibly significant: Q2LabsCorePro on their computer at their office. Q2 Labs Core Pro is used by Sallie Mae, H&R Block and Qapital for example. Decent sized companies. DYOR, it's not that hard to use Wikipedia. Now I already have this topic open, let me show my shiny smartschwartzswagwatch: Quite a mixed up post (it's 3:08am here and I need to sleep) but now I at least shared it as the q2 labs part for example was ignored at discord chat.
  12. edwin90

    Get Bits or Die Tryin' and Ripple Explain XRP

    Yes, I think. I do doubt a bit if he means xVia because that is for 'corporates, payment providers and banks who want to send payments across various networks using a standard interface', but that thing he explains is like managing/accessing multiple corporate bank accounts the easy way if im correct and that way maybe a bit different.
  13. Google translate: https://www.rabobank.nl/particulieren/actueel/items/nieuwe-moonshot-ideeen-in-de-race https://www.rabobit.nl/ Quick summary of connections between Rabobank and Ripple I know about: Rabobank tested Ripple before, they are also researching a new Ripple product (26 jan 2018), they hired a blockchainexpert who did a case study about Ripple. Heimen Schuring, head of Channel Support & Payment Engine @ Rabobank knows about 'companies like Ripple' according to this article . Rough translation what Huls says about blockchain in this article, dated 30 may 2016: Imo overall Ripple / xrp usecase / fintech developments go way quicker than many people expected so keep that in mind with the above mentioned timeframe. Edit 26-04-2018: Rabobank has removed the article from their site and also took down the rabobit.nl site, but I can confirm it really was announced at rabobank.nl as part of Rabobank's internal Moonshot acceleration program. They clearly stated at that time: There is no official decision by Rabobank to introduce this yet.
  14. edwin90

    Get Bits or Die Tryin' and Ripple Explain XRP

    On the right of the page there is a link 'Download MP3' Direct link: https://aphid.fireside.fm/d/1437767933/15282c4c-43ab-46da-88a8-c58178b868b6/725ce3bd-71e2-46d1-8085-1413ca79705a.mp3
  15. edwin90

    Get Bits or Die Tryin' and Ripple Explain XRP

    51:15 "with software released later on in the third quarter" For the readers here, just to clarify (I assume you reference to this):
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