Jump to content

at3n

Member
  • Content count

    259
  • Joined

  • Last visited

  1. Agree, from XRP's point of view, but Ripple have the securities issue at the moment. Hopefully after XRP is declared not a security, it can relax a bit.
  2. At the start I believe it was actually called Ripple, before Ripple the company existed. But now for obvious reasons Ripple the company needs to disassociate from the coin. https://www.quora.com/What-do-the-letters-XRP-stand-for-or-why-does-Ripple-Labs-call-it-XRP
  3. at3n

    Vulnerable XRP

    Well, a name is just a name, but there's value associated with the name "XRP". If a bank pretended that they held their own token instead of XRP then I doubt anybody would do any transactions with them using it. But it would be very obvious if anybody ever did try to use "Bank A Token" that it's actually XRP. It's completely traceable. They can't take their XRP off the XRP Ledger and move it to their own. Alternatively, Bank A could fork the ledger, and call the fork whatever they want, but the forked token would have close to zero value and utility (to begin with), and be completely centralized. Regarding the legality of it, I doubt it's illegal in general to market XRP under a different name, as it's an open source project. But I don't know if banks might have regulations that require them to accurately represent their holdings? Does that answer your question?
  4. This seems like a perfect use case for the XRPL IOU system doesn't it? But replace the centralized system with the de-centralized XRP Ledger? Might tie in with the UPU IOUs seen.
  5. at3n

    ILP & Lightning

    Wouldn't exchanges be the perfect candidates for setting up ILP connectors? Although, how do you deal with KYC/AML procedures if you're an ILP node? Can you refuse to deal with unknown customers?
  6. Yep, between those two options, definitely Nano better for holding. But remember you need to keep your secret phrase backed up somewhere safe.
  7. What do you want to do with your XRP? The two platforms are totally different, "better" means different things depending on your perspective. For example, if you want to be able to spend XRP with a debit card, the Nano is useless. But with the Nano you wouldn't need to worry about the following from Wirex's T&Cs:
  8. at3n

    JPY disappeared from XRPCharts.com

    That code relates to calculating the equivalent value of XRP in another currency (on e.g. https://xrpcharts.ripple.com/#/xrp-markets). The exchange rate of the Mr. Exchange IOUs was used as a reference point to get the XRP/JPY exchange rate. Since the Mr. Exchange IOUs were frozen, there hasn't been another JPY IOU with enough liquidity to give an accurate rate. So it makes sense to me that the option to convert to JPY is removed because it couldn't function properly. The timing could be a complete coincidence, and someone just noticed that the JPY exchange rate was broken, and fixed the problem. It's only a month and a half since Mr Exchange froze, I think Ripple could be forgiven for overlooking it until now, with everything else going on. Or maybe they are checking everything related to JPY right now for obvious reasons. When SBI data finally goes live on CMC etc., it might cause confusion if the XRP Charts price was different to the SBI one. Nothing to worry about anyway, I think.
  9. at3n

    JPY disappeared from XRPCharts.com

    Some things to clear up here: XRP Charts only displays data about trading of IOUs issued on XRPL, not trades on Exchanges' private order books. So unless an exchange issues some of its currencies as IOUs (which not many do), you won't see it on XRP Charts. SBI will never be shown here unless they issue, for example, JPY IOUs, which is not necessary for them to do (maybe they will, I don't know). @panmores The XRPJPY chart that ended on June 11th is specifically related to the Mr. Exchange gateway, who issued this notice stating that their JPY IOU would be frozen on that date, meaning no more trades would be possible. After Mr. Exchange froze their assets, there was no longer any significant volume of JPY on any of the default gateways monitored by XRP Charts, so presumably that's why there are no global stats on JPY on the main XRP Charts pages; there's barely any data available to use. Edit: Apologies, I see that the global volume stats (Total XRP Trade Volume (All Exchanges)) does seems to be looking at the main exchanges' public data, and you can see XRP volume for individual exchanges within that. There is some XRP/JPY there. The other stats and the individual markets however are XRPL only.
  10. @SBC-Daniel Could you explain from a technical point of view how you implement price-based escrow? Is it proprietary code running on your own servers? Or use smart contracts in some way?
  11. at3n

    Nano S / Ledger Live doesnt scroll Receive address

    You can still download the old apps from the website, while waiting for Ledger to fix the new app. It's brand new, I would give it some time.
  12. I was wondering something similar too... A controlled sell of XRP that won't crash the price too much, in order to give themselves enough buying power to initiate a bull run with lots of market buy orders when the time is right?
  13. Yes, you can, and that would fit the definition of a cold wallet, so it's one of the most secure solutions you can have. Don't get me wrong, it's a good solution, but as you asked, I'll mention the following points: As robertbruce is alluding to, the fact that you're using the same hardware to run your personal computer and the USB drive OS creates the risk that some secret data may be left in memory when you shut down the Linux install. That data may possibly be accessed by software on your Mac OS when you boot it back up. If you can make sure that memory is deliberately wiped on shutdown (e.g. with Tails), that's a solution to that problem. Then that leaves the problem of physical security... If you have a way to store the drive safely when not in use, then no problem! But if there's any chance that an untrusted person could get access to the USB, modify its contents and return it to its storage without you noticing, then they could attack you the next time you use the device. As I said before, encryption is a way of at least partially mitigating this threat, but probably a better solution would be to use a live CD, as robertbruce mentioned, as a CD-R can't be modified. If I was doing this myself, I'd research to see if it's possible to modify a Tails CD image to include an installation of Toast, already loaded with your secret key (stored encrypted by Toast). Sign the CD-R (with a pen), and it would be very difficult for a physical attacker to replace it with a modified version. You could even find out how to get a hash (checksum) of the entire disc, which would let you verify its contents in the future if you were ever concerned that it had been replaced. Don't take the above as absolute requirements, just ways to improve a setup that already seems quite strong. As always, use your own discretion to decide what's best for your situation. If you're keeping the USB drive OS completely offline, as you said, then you will also need an online version of Toast somewhere else. The online version doesn't need to have your secret key, it only submits the transactions generated by the offline Toast to the XRP Ledger. There is no vulnerability, because it can't modify the transactions once they're already signed. Use offline Toast to create transaction, and sign it (transaction is stored as file). Transfer signed transaction file to online computer (using a different USB key). Use online Toast to submit transaction to network.
  14. Just to clarify, do you mean that even when you boot from the USB drive you'll keep it offline, or will you connect to the internet from the USB drive to submit transactions?
  15. It's really a personal choice, what works for one person might be too awkward for you, it depends on your setup. If you are confident that you can keep your computer secure then you might make the decision that Toast is a good way for you to store long term. Have you looked into offline signing with Toast? By using two computers, one offline and one online, you can use Toast effectively as a cold wallet. On the other hand, if you're using the same computer to sign transactions and submit to the network, then it's not a cold wallet. I would not be happy to use this for long term storage myself.
×