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  1. https://www.forbes.com/sites/jasonbloomberg/2018/09/09/enterprise-blockchain-struggles-to-carve-out-a-niche/#116ff9d1600a Interesting take on the state of blockchain. For once a Forbes contributor that isn't a Bitcoin maximalist, and is actually forecasting its doom for the very reason (decentralization) people like Laura Shin are saying it will succeed over XRP. He's pretty hard on XRP though. Although not directly mentioning it, he talks about the speculative nature of most tokens (XRP included) will prevent them from ever having any value - early investors selling and depressing the price of most tokens will prohibit adoption & use. He only mentions Ripple, and spends much more time talking about IBM/Stellar and the introduction of 'StableCoin' on the Stellar blockchain. Overall it's more thoughtful than the usual pieces put out by Forbes, but there's one point he's trying to make that leaves me scratching my head: HUH??? What about ILP? I would love to hear in greater detail as to how he arrived at this conclusion. Yes, there is a lot of hype in this space, but to me, preventing value from copying itself the way information does on the internet is a pretty big problem. And when it is solved, that disruption may not be felt as much in the "West", but there are billions of people whose lives will be changed (hopefully) in a good way. I guess time will tell...
  2. Looks as if the competition (Stellar) is taking it up a notch with their IBM partnership via IBM World-Wire. What do you guys think??
  3. https://futurism.com/new-operating-system-digital-finance/ This is a nice summary of the democratization of value using blockchain.
  4. Why we chose Ripple : https://medium.com/@CSCFoundation/https-medium-com-cscfoundation-why-we-chose-ripple-b72760c69270
  5. The Executive Traveller Act -1 The B-School “So tell me something about yourself.” - asked the lady from the interview panel. The interview panel which was at IIM Bangalore for campus recruitment was from Citi Morgan (CiMo). It had four members; three gentlemen probably in their mid 40s and the lady probably in her late 30s. In front of them was the B-school topper - Anil. “Hello, I am Anil Bose. I was born and brought up in Kolkata, the eastern part of the country. My father worked in the Indian Airforce and my mother is a homemaker. From an early age I was influenced by my uncle who is a successful businessman. Throughout my childhood I saw him create a very robust business around textiles. He taught me how in business, relationships are important; how simple accounting practices everyday can lead to very healthy record of the business; how technology is a great enabler and technological disruptions are opportunities. I wanted to try my best at business so I joined the MBA course here, did my best at academics and finally I am in front of the top recruiters at IIMB.” I probably should have said something about my hobbies and made my first dialogue a little light-hearted, Anil thought to himself, but I always get carried when I mention my childhood. Anil started to feel a little nervous overthinking but the panel was rather impressed not only by his academic record but also by his upbringing. One of the gentleman quickly followed up with another question: “You mentioned something about technology being a great enabler and disruptions are good opportunities, can you elaborate a bit more on that?” “So basically we have seen the impact of Internet on information sharing in the past century and how it democratized information. This century we are currently seeing the democratization of presence. In 2133 ‘Recharge Labs’ came up with their first high density energy storage cells, which was based on the application of groundbreaking work of our atomic scientists. Followed by ‘Swoosh’ in 2136 finally coming up with their consumer version the ‘U Travel Pod’. Swoosh had been previously working with defense organizations of many countries selling their military travel pods which are capable of traveling at Mach 30 but they needed high energy density hydrogen fuel cells. After announcing their partnership with Recharge Labs they got in the retail sector of travel. Their consumer pods are fast, secure, reliable and cheap for individual travel. Starting next year from 2137, we will be seeing Swoosh and their competitors disrupting the logistics and presence industry. In addition to that we already have great virtual presence devices and AR- VR technologies are there to solve cases where physical presence is not really required.” As Anil finished off his answer his initial nervousness vanished. He was able to engage the recruiters in tech focused business applications which was the hype during that time and the panel was impressed further as he was able to capture a decade long development closely and describe it in a fluid fashion. “We actually travelled by a U Travel Pod today” said the lady “from New York to Bangalore in less than 30 minutes and we are using them in our business for other purposes as well.” Rest of the interview went fairly easy after that point. After an hour long process Anil came out of the interview room. He was satisfied and was confident of making it through. The next day Anil received an email from the recruitment coordinator: Congratulations Anil!! You have been selected for the role of ‘Executive-Corporate Accounts’ at Citi Morgan. We wish you the very best for your new future ahead. Attached: Letter of recruitment Anil was very happy and satisfied. He dialed his home and conveyed the news. His parents were proud of his son’s achievements. Soon Anil’s friends came into his room to congratulate him. All his batchmates got recruitment letters too within the week, employed at various companies. Anil’s best friend at the campus - Asheesh was however looking to start his own company. Asheesh never gave any interviews at IIM B. He had a background in computer science and he was busy coding when others were giving interviews. When his batchmates had recruitment letters in hand, Asheesh had an uncertain plan and a few lines of code for his startup. On the last day at IIMB everyone was partying following their slogan ‘Work Hard Party Harder’. Anil and Asheeh both sat down for a beer. Anil: “I was actually very happy after I got my recruitment but there was an uneasy feeling about this whole thing. I am a little sad that these will be my last few days here. Look bro! I don’t know much coding but I know how much dedication it takes to start something new. So I admire what your doing. You have chosen a tough road, never ever no matter whoever says don’t you give up on your dreams.” “Thanks for the support, I was also a little sad coming to the party but you have raised my spirits. Few years from now you will definitely hear about my startup.” Said Asheesh with a reaffirming smile on his face." Act -2 The Corporate Beginnings The first day at CiMo Anil wanted to arrive early and meet a few colleagues. On the first day there was a convention for new joinees which was at CiMo’s office at Mumbai. He met with others who came in from different parts of the world, other prestigious B-Schools, most of them were offered with the same role. There were almost 30-40 young individuals gathered there. At 0930 sharp, a group of officials entered the convention hall and occupied the podium. After a minute when everybody got settled an old gentleman started speaking: “Hello and welcome to Citi Morgan, you have chosen or been chosen to start your career here, the finest financial institution in the world. I am Dr. Breen Morgan Head of Accounts and Business Development, joining with me today are Mr. White, Mr. Hardy, Mr. Anderson & Ms. Paul who all are handling different corporate accounts and will be your boss and mentor for the next year or two. Also joining with me here Ms. Chatterjee, Head HR of Asia and Dr. Schulle Chief R&D Officer.” Breen points out to the respective person in the group as he was introducing them and everyone introduces to the new joinees with a hand wave or a polite bow. The podium region was digitally enhanced for speech with automatic speakers. Ms. Chatterjee: “You have been assigned your mentors keeping learning and development in mind. Today they will show what your daily work will be like, the do's, the don'ts and various other tidbits that they have learnt in their career. Now everyone please collect your starter kits kept in the front row desk.” The new joinees came towards the front desk and collected their starter kits which was a small briefcase. It is a well built briefcase, there are grooves at the bottom which should fit into something. I suppose everyone has identical cases but there are some contents inside, are those personalized or random? Thought Anil as he collected a briefcase and was moving towards his seat, his smartwatch indicated the briefcase weighed 4.2 Kg. In 10 minutes everyone got settled. Hardy: “Everyone please focus on your briefcases. I will go through the contents and the feature rich briefcase which Dr. Schulle and his team have designed in collaboration with ‘Swoosh’. Dr. Schulle calls this small briefcase a technological marvel ‘The Block’. So first and foremost the Block is equipped with the state of the art biometric engines which you can see on its handle. Around the Block you will find is a seal whose primary job is to protect the Block from environmental damage. In addition to that it is also tamper proof and in the event someone or something manages to damage the exterior or the seal itself, the seal releases a chemical which encases the contents inside with the ‘loop polymer’. I am sure most of you know about loop polymer which binds any material with itself and produces a tough condensate on hardening. The hardened condensate can only be dissolved by a very few manufacturers in the world. So we will know if someone is trying to mess with the contents of the Block with unauthorized access.” Suddenly Dr. Schulle started to speak “In fact it was loop polymer which made the manufacturing of U Travel Pod on a massive scale possible combining it with the hardest carbides, it makes travel safe and possible at such blistering speeds. And don’t worry loop polymer is harmless to humans when it is hardened. The hardening process is a fast chemical process which takes about 4 seconds.” Hardy: “Thank you for making it clear Dr. Schulle. Yes indeed there is nothing to worry for regular use, we have been using the Block for the past two years with no reports of injury due to the seal and it has successfully stopped tampering in 6 out of 6 cases past couple of years. So moving on, your biometric credentials are already in our database so you will be able to open the Block, please go ahead and open it.” Anil put the briefcase on the table in front of him and put his palm on the handle and instantly the handle turned to bright green, the briefcase lid also opened up slightly as if the system was pressurized a bit. As he opened the lid he found a letter inside, a tablet and the base had various small cabinets and small screens beside them. The lid had a place where the tablet was docked into, in front of it a translucent cover. Hardy: “So you will notice everyone received a tablet and a letter inside. The tablet is docked on the briefcase lid. As you will notice it has a translucent cover in front of it. Mistake it not for any ordinary cover, it is our layer printer. Any document you want a printed form just dock the tablet and give a print voice command and the translucent cover will start printing your documents. You may have to replace the paper canister once a month. Now everyone please go through your letter.” Anil started reading his letter, generic welcoming statements with mention of his mentor being Mr. Hardy. So the letter is indeed personalized, but I just picked it up randomly from the desk. But maybe this layer printer they are talking about must have printed it once I put my palm on the handle. It is tough to know for sure. Anil pondered to himself feeling a little surprised. It was lunch time soon. Breen pointed out to Hardy that they should break for lunch. Hardy: “Let’s take a break for lunch. Everyone assemble here back in an hour.” Food was already served in buffet style outside the hall. The food displayed was arranged in varying cuisines and everyone chose whatever they liked. Some even went and ordered some exquisite dishes. It was however no problem for the 3D food printer they had behind the curtains. Everything was served within 15 minutes. The dining place was soon filled with chatter. Everyone was excited seeing the new technologies and started discussing them at large over lunch. One hour passed quickly in a blink of an eye when it was accompanied with good food and interesting conversations. The new joinees filled the convention hall after an hour but the officials were however late this time. 30 minutes late. Anderson: “I would like to thank Mr. Hardy for conducting our first half of the session in an engaging fashion. I would now demonstrate the uses for the Block. The small cabinets you see in the base will be used for keeping valuables. It can range from currencies to gold or stocks to anything of value. In short the Block is your account you keep with your customers. You will start out with MSMEs and slowly move into larger accounts like what we keep at our branches or our other partner banks. Starting tomorrow you will be given an existing customer and your job will be to increase our customers by following any leads you find at meetings or conferences. Most of your time will be used to talk to our customers talking about our products and services and setting up meetings. The cabinets inside the Block will re-adjust the accounts you have if you made any transactions with our customers. The small screens alongside the cabinets will display your account balance with your customer. The cabinets are self arranging and will distribute themselves accordingly if your customers grow big or small. Now using this will be a learning in progress so I suggest you to read the user manual. I also suggest you to form small groups and approach your mentors to ask any questions you have.” Anil saw others forming groups of 3-4 and approaching their mentors. He however approached Hardy, his mentor alone. Anil: “Hello sir, I am Anil Bose, will be working with you from now on.” Hardy: “Ohh hello Anil. Welcome to my team. My team here handles China and Korea accounts. Let me see what will be your starting account.” Hardy pulls out his phone and checks some records. Hardy: “Hmm a challenging and growing account of TechPro. Do you have anything specific in your mind?” Anil wanted to ask about the process of transactions but since Hardy mentioned his first customer he thought it would be rude if he did not ask about TechPro. Anil: “Yeah! TechPro, I have heard of them doing good recently in China what will be the size of the accounts?” Hardy: “It would be around millions in USD unless you do very good.” Hardy did a questionable chuckle after he finished the sentence. A young lady approached Hardy and briskly asked. Young Lady: “Hello I am Clara Wright and will be joining your team. I had an important question; can you please describe the transaction procedure?” Hardy: “Hello Clara, so transactions basically would be done by your Blocks. You can even approach prospecting investors who would like to invest in markets and sell them any financial asset. This Block is designed to do every financial transaction possible.” Clara: “So I can take currencies or stock or other valuables like land deeds and the block will take them in these cabinets?” Hardy: “Yes, some assets will not be represented immediately but once all the important conversions are done and we check the issuer that the submitted deed is backed by redeemable assets then it will reflect in your cabinet screens. You will learn more as you progress.” Anil wanted to ask more but Hardy seemed hasty. Hardy: “I should get going, meet you tomorrow at the office.” Within fifteen minutes the seniors started to leave the hall one by one. Act -3 The Daily Routine The next day Anil arrived at the office, he was assigned a desk. His desk had a tabletop screen which was synced to his Block tablet. He received an email from Hardy. Please find attached all the necessary files related to TechPro. Come into my cabin once you are setup at your desk. Don’t forget to bring your Block. Anil took the Block and went to find Hardy’s cabin. The AI on his tablet gave him directions to Hardy’s cabin. Hardy: “Good morning Anil! Here let me sync our Block accounts of TechnPro.” The grooves which were present in the Block at the bottom matched with Hardy’s Block and Hardy gave a voice command to transfer current balance of TechPro to Anil’s Block. Hardy: “That is how a transaction is done. For those who do not have blocks you can put the assets directly in the cabinets the Block is intelligent enough to calibrate and find the value of the asset accordingly. You will use that when you open up your first partner account.” Anil: “All these technologies are fascinating but I don’t understand a simple logic, why don’t we use traditional asset transfer technologies like those championed by SWIFT?” Hardy: “Aha, that's a great question. Here let me answer that for you.” Hardy reached in his pocket and pulled out a card. Hardy gave the card to Anil. Hardy: “This will be your first travel pod.” The card read Citi Morgan Travel Pod issued in name of Anil Bose. Hardy: “You see, SWIFT takes at least 3 days to transfer assets around the world and reconcile them. We thought if you can be anywhere in the world in 30 minutes using the Travel Pod why use SWIFT? Plus the fact that the Block is so many times secure than their technology. There is a surprisingly high failure rate in SWIFT. And the fact that the account balance stays with our employees within the company removes most of the risks. Apart from Travel Pod capital costs, the unit travel cost comes out to be fairly cheap if we do it on scale. We did all of these calculations and found out that we can save at least 3% in our costs overall. And transaction costs are the biggest pain points nowadays for most organizations.” Anil: “Thank you for explaining that to me. I shall go and meet TechPro and find out ways to gather more customers.” Anil went to his desk shocked about the whole thing. First he wanted to see if Hardy was saying the truth. He calculated all the costs, a big firm and a MSME would incur from such transactions, cost of Travel Pods, the account risk factor, the failure rate, etc. He spent the next 3 hours cross checking all the possible scenarios of costs and the new business model adopted by CiMo. The AI in his tablet helped him in most of the calculations. The final result: cost savings of 2.78% and the Travel Pods capital cost can be recouped in 5 years according to some scenarios of scale of operations. Anil grabbed his Block and the Travel Pod keycard and planned his next meeting with TechPro while rushing towards the Pod launch pad. The launch pad was a busy hub with officials coming and going. There was a guiding robot which led him towards his travel pod. The Travel Pod was a two seater cabin with a dock for the users to keep their Blocks. The grooves at the bottom of the Block synced with the dock in the Travel Pod. The AI of the Pod helped him in choosing his destination. As the pod door closed Anil was a bit frightened as this was his first pod travel. But soon after the initial acceleration of the launch he didn’t even feel a thing. He wanted to have a look outside how supersonic travel might look like. Following his command the AI switched on some exterior cameras but the view was not so surprising as he saw only blur of clouds. Anil explored the UI a bit and saw vast databases accessible to him on TechPro and other competitors. He also saw a VR system in the pod which was capable of holding a VR presence meeting from the pod itself. He explored the files Hardy sent him via email and planned his meeting accordingly. Less than 15 minutes. From Mumbai office to TechnPro office in Shanghai. Wow that was fast, I should get used to this. Democratization of presence? This might be it. Anil was enthusiastic for his first client meeting. A year passed by, Anil’s customers grew and he filled almost half of his cabinets with clients in his Block. The other 40 colleagues who joined with Anil, not so much. It was incredibly hard to convert prospects into customers. The Travel Pod industry boomed as well. Following CiMo other companies also started doing the same for their transactions. Anil saw his colleagues getting frustrated by not being able to convert their prospects into clients and they were getting pressured by their bosses. There was immense competition in this space. CiMo covered 29% of all transactions around the globe and they themselves deployed more than 100 Corporate Accounts personnel in more than 1000 locations across the world the next year. Another year passed by and this time Anil’s Block was filled fully with client accounts. It was a CiMo custom that whoever filled the Block will be due for promotion. On his second anniversary he was called in by Hardy in his cabin. Hardy: “You know that it is a CiMo custom to promote someone who fills up thier Block. And you have proven yourself worthy of promotion through the hard work you have put in over the last two years. Next week you will be taking my position in the office, this cabin, this chair, this block. Congratulations !! Anil: “Thank you Sir! Would not have been possible without your guidance. But you mentioned about taking your cabin and all? Are you also getting promoted at CiMo?” Hardy: “Hahahaha, I am afraid not Anil. I am resigning from this job. I am exploring new opportunities. I am joining a startup next week. Hope we will be in touch.” Anil: “Sure Sir! We will be in touch. Good luck in your future endeavors.” Anil wanted to ask more from Hardy about the new startup but in reality he was tired. He was tired of all the travelling, tired of the non sedentary lifestyle, tired of the initial jolt of the Travel Pod. As he reached his desk he let out an exhilarating sigh, at least now he will have to travel less. The seniors only handled bigger accounts which required less frequent travel. He looked at his travel logs from his tabletop computer. A total of 6022 trips over the two years, the distance covered over 30 million kilometers. Act - 4 The New Promise Anil was now in a senior position, the role which Hardy played at CiMo. He handled Hardy’s Block which had accounts from other branches, correspondent banks and FIs across China and Korea. One day he started to analyse the data of the transactions. As expected he found out that Newnorth Korea had the lowest amount of transaction volume. However he had 3 clients there. Anil dialled Ms. Chatterjee who was head HR there asking for any guidance he should receive while visiting Newnorth Korea customers. Anil: “Hi Ms. Chatterjee, I was going to visit some of my clients in NK and was thinking if you have any guidance for me as the AI is coming up with very vague details.” Chatterjee: “Hi Anil, yes NK has been under military rule for a century now so commercial activities are almost zero there. The have a ‘Blade Runner-esque’ dystopian society ruled by dictators. However business seeking individuals like you would not face any troubles, just don’t do anything illegal under their law. The AI will guide you in NK laws.” Anil: “Thank you. I will look into the laws there and maybe visit one of my client there next week.” The next week Anil took his first flight to NK. He was a little nervous about the grim picture everyone painted about NK. He landed at Pyongyang; NK’s only Travel Pod location. And the grim warnings from everyone soon became reality. He was searched thoroughly by some Army personnel. Afterwards he was accompanied by 2 military men to the client’s HQ in a Jeep which itself took one hour. There was not much about the city only parks and big statues of previous and current leaders. Their financial hub was located 25 Km from the ‘airport’ a little busier than the average NK streets. There he met his NK client representative Eun Ae. The AI translated. Eun: “Welcome to NK, how was your travel?” Anil: “Thank You, my travel was pleasant.” Strange, he thought, after taking more than 6000 trips in the last two years no one ever asked this question. Eun: “So what brings you to NK? Are you looking for investments in NK?” Anil: “Yes actually some of my clients have requested to invest in your company. I wanted to look into your operations and see what might be our recommendation. What exactly does your company do?” Eun: “We manage the financial ledger database issued in the name of our supreme leader. We maintain the Kimcoin ledger.” Anil: “Kimcoin?” Eun: “Ahh, yes you must be new to the financial system here in NK. Our supreme leader issues currency and assets on our central database in NK which we all use to transact amongst ourselves on our devices. Are you not aware of the Bitcoiŋ revolution which took place in 2012?” Anil: “Yes I have read it in my financial history classes as a big financial boom and bust with financial disaster of 2018 but don’t remember much of it.” Eun: “You see it all started with Bitcoiŋ in 2009, it was a way to transfer money without involving a third party and it spread like wildfire. It was the system which solved the double-spend problem using cryptocurrency mining - proof of work. Based on proof of work there were attempts to replicate the Bitcoiŋ network but all of them were short lived. However mining was extremely inefficient, used a lot of power which was overlooked by many; blinded by the massive financial gains they made with Bitcoiŋ. Within 2012 some banks also started to use Bitcoiŋ for scaling their operations. But Bitcoiŋ was already in the wrong hands concentrated in one organisation in China and it was not sustainable to use Bitcoiŋ. After five years when the Bitcoiŋ hoarders and miners saw a chance, they executed something called a 51% attack on the Bitcoiŋ network and it was all downhill from there. Common people lost money which they thought as secure, pension funds, investment funds, half of the banks lost their transaction capability. The energy expenditure and profitability of energy and computer hardware companies was through the roof. Governments all around the world saw a complex problem, with rising threats of global warming and water levels rising, the problem of using Bitcoiŋ for illicit purposes, the financial disaster of 2018 with 51% attack, they had to put a ban on Bitcoiŋ. Even though it was a revolutionary tech, Bitcoiŋ lost its purpose slowly from P2P cash to Store of value to speculating and attackers exploited that non usefulness of the network.” Anil: “What! I never knew of such details!” Eun: “Yes, you should look into internet archives for details. Let me show you how Kimcoin works, it is a centralized version of what Bitcoiŋ was supposed to be.” Eun did 1 NK Won transaction, it took 30 seconds, small fees, had a message included with the transaction: Towards new learnings. Eun: “If you are interested we can chat in some forums about this tech.” Eun gave Anil a .onion address. After some more talk Anil prepared to leave NK. He was extremely shocked by knowing the full details of the financial disaster in 2018. He was amazed by Kimcoin. Even though the application of Kimcoin is questionable, the idea is exceptional. If somehow it can be done in a distributed fashion in the world and with some other procedure to solve the double spend it can be revolutionary & would definitely succeed. Thought Anil. Anil was visibly angry and frustrated with his whole experience, the two years of hard work he did could have been reproduced on a network of computers, if executed correctly. In his anger, he started to scratch the exterior of the Block with his fingernails. Hardy’s block was 4 years old and the protective layer came off in where he was scratching. Anil saw the letters ‘STR’ beneath the layer. He started to scratch around more, careful as to not to activate the loop polymer. After much scratching he saw the word ‘VOSTRO’ written clearly underneath the layer. He soon understood the original plan of CiMo. CiMo was burnt badly by the financial disaster of 2018 but could not pass the efficiency improvements they saw with Bitcoiŋ. So they waited and with sufficient R&D they produced a physical block as opposed to a digital block and the network was the chain of employees worldwide on pods. Anil never went to his office for the week. He explored at the .onion address which was given by Eun. After some reading and following links he arrived at a forum named XRPTalk. There he found a user named ‘sJoelKatzz’ who had this brilliant idea of solving the double spend problem with a consensus protocol he designed in a distributed fashion. He saw a user named ‘AshgoGreen’ who was discussing the protocol back and forth and adding some codes with discussion. He saw the profile picture of ‘AshgoGreen’ and saw a familiar face. Anil jogged his memory a bit and recognized it was Asheesh from IIMB. They took that photo on the first day of IIMB. He grew more and more interested and started learning new terms and concepts: Internet of Value, microtransactions, XRP Ledger, XRP consensus protocol & cobalt, codius & smart contracts, etc. To add to his surprise he saw a newbie profile in the forum named ‘Hardybois’ and recognized the pic to be his previous boss Hardy. He sent PMs to both Asheesh and Hardy. Anil wanted to join them into building, what they were calling the ‘Internet of Value’. With his experience, he thought, he would be a good addition to the team which they were building. The next day he wrote a resignation letter to the HR at CiMo: “I quit. I am going to build the Internet of Value.” END. Disclaimer: This is a work of fiction. Names, characters, places and incidents either are products of the author’s imagination or are used fictitiously. Any resemblance to actual events or locales or persons, living or dead, is entirely coincidental.
  6. Come mix and mingle with Los Angeles Fintech Tuesday July 31st. Learn about the newest and fastest changes going on in financial technology. Finance is undergoing a massive change some call the "financial paradigm" or "crypto wars". Laws from 1930-1940 (old right?) are getting broken down with technological innovation in finance. Find partners, talk about your project, bounce ideas, discover LA Fintech. RSVP HERE
  7. Citing anonymous sources familiar with the matter, Bloomberg reports that the New York-based firm has approached advisers holding an initial public offering (IPO). The sources also said that potential buyers have approached the company seeking to purchase it outright. I wonder if Ripple was one of the prospective buyers? What do you guys think? After all, Brad did mention in a Financial Times article in October 2017 that Ripple could use its 15 billion XRP war chest (market cap of XRP at that time) to "acquire or partner with rivals"!!!! Other Articles: 1. Ripple Ready To Rumble – Has 100+ Customers, $15 Billion in Reserves 2. ICO News: Ripple's Garlinghouse Could Use $15 Mil War Chest for M&A
  8. Discord Community Chat > http://casinocoin.chat/ Website > http://CasinoCoin.org Road Map > https://casinocoin.org/roadmap/
  9. Interesting to see real use case. https://www.coindesk.com/crypto-valley-declares-blockchain-voting-trial-a-success/
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  11. 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.
  12. https://casinocoin.org/casinocoins-first-quarter-successes-and-second-quarter-excitement-in-2018/
  13. until
    https://mises.org/events/san-francisco-seminar-future-money
  14. Join this discussion and introduce yourself and life being a crypto enthusiastic. You can share your experience and knowledge in this field.
  15. My friend Teddybear is a banker in Switzerland (he's been banned here on xrpchat). He sent me this information and wanted me to share it on here and on Twitter. You can follow him on Twitter here: https://twitter.com/dabiggapicta You can also give me a follow here: https://twitter.com/fourthjohnxrp The Swiss National Bank is in talks with Ripple and gave a presentation at SHAW School of Management and Law in Zurich. I have atttached the the primary source, as well as Teddybear's comments and his translation of what the presenter stated. "I hope my thoughts have shown that Cryptocurrencies are not a real competition to traditional currencies. However, the underlying DLT has potential. This is especially valid in complex areas like Securities Processing and crossborder payments. But, the techonlogy needs to proove itself first. DLT based solutions do not only have to be efficient, but also may not pose a systematic risk to the infrastructure of financial markets. In the systematically important cashless payment transactions between banks, the SNB plays an active role, by providing a reliable basis (a fundament). Future DLT-based systems will, in one form or another, be connected with this reliable fundament. In contrast, in the cashless Retail-payments sector, private actors are better positioned, to satisfy customer needs. This splitting of roles between the Central bank, as bank-of-banks, and commercial (retail) banks as interface to the customer has proven itself over the years. *If the cashless payments are efficient and innovative, there is no need for digatal central bank money.* It is important to stay flexible. Our existing system provides stability to the financial system and enables simoultaneously enough flexibility. This is valid for both the infrastructure of financial markets and this two-layer financial system. We should take care of this stability and at the same time be open for new developments." I will add that Ripple has been saying this all along. There will be many blockchains, and Ripple is positioning itself to be interoperable with them all. Even Microsoft said Ripple/XRP was essential in that underlying everything is the need for payments. Grasping this will show you how big your stash of XRP can and will become. Remember, what we are looking for is a revolution. It has started, and we are waiting for the first shot- to be heard around the world. Don't take my word, trust people like Yoshitaka Kitao of SBI, Brad Garlinghouse, Joel Katz, and many others that see the coming revolution.
  16. Interesting video from Don Tapscott from Lloyds Bank on Blockchain and the internet of value. These are the people that the big whigs in FI listen to. It is really releveant to the business model of Ripple the software company, Interledger protocol, and XRPs future: https://www.youtube.com/watch?v=isuAPyuqS7Y&feature=youtu.be
  17. Just finished watching this documentary and I thought I would share it with you guys. Lots of notable figures along with individuals from the Ethereum team talking about the impact of blockchain technology.
  18. http://www.gizmodo.co.uk/2018/03/researchers-have-found-child-abuse-imagery-within-bitcoins-blockchain/ Wouldn't this essentially make it illegal to download the BTC ledger? Also could this have implications for adding notes to transactions on other ledgers?
  19. There have been many reports and researchers claiming that the currency is centralized. This reason alone makes it a good move on the company’s part as it clarifies the FUD going around the decentralization of this cryptocurrency. Schwartz mentioned
  20. Hi everyone, I've been trying to teach my daughter about cryptocurrency --- some of it sticks and some of it doesn't. What I've tried to do is simplify the concepts in such a way that a 4 year old would be able to grasp them. We've moved past blockchain and cryptocurrency now, so that next topic was What is Ripple? Check it out: Remember, this is very simplified, but I think we are able to get the point across. This video is designed to be simple enough to share with your non-cryptocurrency friends for them to understand the big picture. Comments and constructive criticism is welcome. Her twitter is https://twitter.com/vietaliana.
  21. https://CasinoCoin.org A digital currency for the regulated online gaming sector. CasinoCoin is an open source, peer-to-peer, cryptocurrency specifically designed for the regulated online gambling industry.
  22. [Apologies if this was posted already. Excellent presentation from Brad yesterday in Thailand that BankXRP uploaded on youtube] UNLOCK BLOCKCHAIN: The World DISRUPTIVE Technology hosted by Siam Commercial Bank and Digital Ventures. https://techsauce.co/en/fintech-en/scb-digital-ventures-faster-future-forum-2018/
  23. Let_her_Ripple

    The Blockchain Pipedream

    https://www.project-syndicate.org/commentary/blockchain-technology-limited-applications-by-nouriel-roubini-and-preston-byrne-2018-03 "And Ripple’s technology for cross-border interbank financial transfers will soon be left in the dust by SWIFT, a non-blockchain consortium that all of the world’s major financial institutions already use." On my phone, so excuse the formatting.. Also, at the pub so haven't read the articles linked references.. Still, the author seems jaded (or perhaps, in touch with reality?).. Ordinarily I like PS's articles. Not this time!
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