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  1. Garlinghouse is worried that some other bitcoin-related startups ignored regulations, which will lead to major problems down the line.
  3. Hi Guys. I just saw bit of information on XRP Distribution strategy by Ripple. I think this is updated information because i did not see it before at XRP Portal page. If market conditions permit, we expect our company to hold approximately 50 billion XRP by the end of 2021. This schedule is indicative and discretionary. TOTAL XRP HELD BY RIPPLE:64,439,207,292 TOTAL XRP HELD BY OTHERS:35,558,046,921*
  4. Isn't Bitcoins internal conflict an obvious reason why one, or at least banks and many people, would want a more 'controlled' asset so they don't lose money because others can't agree on a direction? I think it is, and something that crosses my mind is that this point should or could be a moment for Xrp to step into that desire, serving as a safe haven. Would there be a way for Ripple to do so, for example by doing the lockup now in stead of by the end of the year? Or by specific marketing? A related issue, as the price of xrp shows the opposite: why does Xrp seems so vulnerably related to Btc's price decline ? I am holding, no worries on that, because rationally there is no asset, chain and standard that has so much focus and potential as Ripples', and we will laugh about these waves in a years time. But still, it irritates me a bit that Xrp is so undervalued without a good reason. Btc's decline is obvious because of the scaling problem, Eth the same because of so many ICO's (who are now cashing out themselves I read, shame on them), but Ripple saw nothing but promissing news these last weeks. How can Xrp come loose from those things? There should be ways possible.
  5. XRP all the way!!! I just converted all my BTC in XRP Bought BTC for 883euros/BTC a long time ago And i just converted all of them but why? that is very simple after alot of research in differences of most of the common coins i concluded that ripple is the best company in many ways that you can't even compare with the others in almost every aspect for now and the future For a long term investment this is the best way to fellow
  6. Okay guys, I just had a thought, and it wasn't pretty. Every transaction that we have completed on the exchange, given they are regulatory compliant, is reported to the government: the amount you spent and how much XRP you got in return. The government isn't exactly up to date on operating systems and protections for their computers. What happens when a bad-guy happens to get access to that information through some hole in the GOVT's defenses, finds your information, gets your address and cases you? Have you heard of the $5 wrench attack? Someone who knows that you have X amount of XRP can take that information, case your house or where you work, abduct you and beat you with a wrench until you tell them the information they want. You have your XRP stored on something like the Ledger Nano S, and you have it set up with your PIN, and hopefully a passphrase. Ledger has added the capability to use a Passphrase or "Duress Pin" to create a hidden wallet with some spare change in it. This passphrase is given to the attacker in order to let them have access to the hidden wallet (what we would see as a security/sacrificial wallet) that has very little XRP in it. Hopefully they don't beat you further in an attempt to get you to reveal more. My point: through regulatory compliance, our personal information regarding our investments is pretty much in a very worrisome predicament, where the GOVT forces you to disclose this information and could potentially be readily available to a substantially sophisticated attack on the database that stores this information. How do we protect ourselves from this scenario? I really wish there was a way to make these things private, without it being disclosed on our taxes! If the govt knows what you have, and you just pay your fair share of taxes, nobody else should even know what you have. Especially when it comes to something as potentially explosive as XRP. What are your thoughts?
  7. I am under the impression that holding BTC on an exchange during the switchover on Aug 1 will have no effect. Any thoughts on the possible dangers of holding on an exchange?? Coinbase, Bittrex, Bitfinex etc
  8. The reason why im bullish about XRP becoz of its smaller fees compared with btc. I rather choose xrp than btc 😄
  10. After reading this article, my understanding is that these guys are competitors, targeting small banks.
  12. Blog entry number ... ?? This one is a "polite as I can make it" request to Brian Armstrong to add XRP support to Coinbase. I'm open to other ideas on how to get support for XRP on coinbase - I just think that it's too big of an exchange (at present, anyway) for us to ignore. Lots of investor money is currently flowing through there into BTC, LTC, and ETH, but not XRP! I think it's way past time. Please let me know what you think about the open letter, and of course, feel free to share as much as possible over other media!
  13. I. Raspberry Pi - Buy your Supplies and putting it together a) Building the Rpi Operating System and booting it up II. Choosing Your Operating System III. Creating a Secure Partition IV. Encrypting your Wallet Partition Let's take a few points of data first as we develop this for the beginner 1. Because "beginner" is defined, we have to make the paranoia level low. This shall mean a wallet which is encrypted but may not require "Nuke" abilities, triple encryption or even physical keys. We can add those later in intermediate and expert levels. 2. A cold wallet is the exact same as any other wallet except that it exists on a computer that never touches the internet. Now my first problem in the beginning was "how the hell does that work?" but it is easiest explained as such: With all digital coin transactions there are basically two "signatures" required. One of them is considered "Public" and the other one is considered "Private. The "Private" one is the baaaaaaaad one that if stolen you can say bye bye money. So a Cold Wallet has that Private signature included where as the copy of that wallet which is on a computer which is also on the internet, does not have that Private key included. So on the Internet computer you can transfer money around but you basically do not have that final authority for that transaction to go out. It is like getting a signature from your manager to do something but he also needs to get a signature from finance or the boss to complete the request. So on that Internet computer, you can save the transaction request as a file on a USB stick. You then turn on the Cold Wallet computer which is never connected to the internet and then upload that file which is called an "Unsigned" transaction and using your wallet you can "Sign" the transaction therefore making it complete. Then you save that same file again as you have now edited it and run that USB stick back over to the internet computer and upload that same file to that wallet and then send the transaction out. Then your money is sent to its destination or "Withdrawn." I hope that is clear as it took me a while to understand it. We will go over that in more detail when we get our Wallet computer up and running. The cold wallet computer never touches the internet because that is the ONLY way to guarantee that you do not get a wallet hunting virus, a hacker invasion or any other type of compromise that can steal that "Private Signature." All of the parts which consist of this Cold Wallet which should be locked away are: a. The wallet computer b. The paper copy of the Private Key and the Restore Key c. The digital copy, if any, of those same keys. I hope that this was explained well for you because when I was learning it, lots of people explained it also but I never really understood it until I built one and used it. in PART 2 I will explain how to actually build and program a COLD WALLET. I will describe 3 different setups, one with a Raspberry Pi , another with a garbage Linux computer and maybe one with Windows. My problem with Windows is that it is so unreal unsecure that no password will save you from me getting into it. Windows is basically the victim OS that all hackers use to learn hacking simply because when demonstrating hacking methods, they tend to work easier and more often on a Windows system. So securing it will not be dependant on the operating system itself but instead another media. II. Raspberry Pi First I shall discuss building a Micro Computer Raspberry Pi. So far RPi will only hold Bitcoins as the other wallets do not seem compatible with the ARM CPU, however this design shall leave the option open further down the road for you to use it as a Ripple or other wallet as that particular tech advances. Since wallets are simply software, they do have minimum specs required to operate. For the RPi I will be using Bitcoin Armory as the wallet but first we must build a safe machine EDIT: There are some users here that are running Ripple Wallets successfully on a Raspberry Pi which is cool as ***** for you guys. We will build a secure machine first then install these wallets Buying your supplies: For those whom are unfamiliar with a Raspberry Pi it is basically the simplest form of your computer in a tiny package. It is a little larger than a credit card and can technically run from batteries if you had to, but it generally plugs into the wall. The operating system runs from an SDCARD making this package ultra small and thus easy to hide or store for a cold wallet. There are a few versions of the Pi all the way up to 3B+ which include Wifi on the mainboard. That is significant for us as a security problem but not a severe issue as the 3B+ has more RAM and a better CPU so tends to be faster and a better choice for us. The RPi 2B has no Wifi On board so is still a good option. Just go with the 3B+ which is the most current and the better buy. An RPi today is under $50 with the SDCard, the Pi and the power supply. So plan to spend at least that much. Best to get them from Amazon so that you can avoid the eBay clones. You will need a power supply which is a micro USB with an output of 5v 3A. Basically do a search for Raspberry Pi 3 power supply and you should get the right one. Next you will need a microSD card. A Sandisk Ultra 16GB will be perfect. You can go as low as 8GB but the Ultra is important because of the speed. If you get a el'cheap-o sdcard to store your money on, it may turn out to be the most expensive sdcard of your life so don't be stingy. You should be looking at under $10 for a 16GB card. Now this is important to know about the Raspberry Pi series. There is NO power button to turn it on and off. It comes on as soon as it gets power. In most cases that is baaaaaad as your operating system is running when you unplug it. It is very important to go through the shutdown sequence in any operating system when turning your Pi off. There are shutdown accessories that can be bought and assembled but I would not consider that "Beginner" level tech. We can add that later if y'all like. Next we will setup the operating system. I will tell you which one to choose and why.....
  15. My wife and I just watched an interview with a guy by the name of Clif High *sounds like a pseudonym*. In this video, he calls XRP a "ponzi scheme" and states that "any coin that is not mineable raises red flags for me. XRP is pre-mined..." at which point I stopped really listening to what he said. This last statement alone shows that he has NO idea what XRP is about, yet, this video will circulate online as "truth" *and many people will take it as such* while spreading misinformation. Feel free to correct him.
  16. Let me first state that I am long on XRP. Been holding since 2014/15. Believe in the use case, the strategy, the technology and the team. Expect XRP to appreciate in value due to real world usage and subsequent mainstream speculation. The current speculation in this shallow crypto space is just foreplay. To my question. I am still puzzled by the price movement correlation between BTC and altcoins (incl. XRP). I would expect an inverse correlation (apart from the inflow of new money into the crypto space). As people are unsure about e.g. a possible BTC fork the first of August I would expect money moving from BTC to alternatives. In other words BTC price declining and some of the altcoins increasing. Can someone explain why this is not the case?
  17. As you may have read, SWIFT has announced their completion of a proof-of-concept with SmartContract, a startup that SWIFT has partnered with. My question: how will this affect Ripple? It would seem that SWIFT, seeing Ripple as a threat, is going against the grain. Ripple has years of work behind their product, and lets face it, SWIFT is only peddling a product that sends messages, and shows you where your money is being held up. If Ripple has such a great product (and I believe they do, as evidenced by the swift (pun intended) implementation by SBI) why would SWIFT go against the grain like this? If SWIFT thinks to make/adopt a product that does what Ripple's software and digital asset does, this is tantamount to them holding back progress as it will take them years to get to where Ripple is at today! Feel free to chime in
  18. My original post was probably moved, and was removed from the sidebar. So, here I am, posting it. Again. As you may have read, SWIFT has announced their completion of a proof-of-concept with SmartContract, a startup that SWIFT has partnered with. My question: how will this affect Ripple? It would seem that SWIFT, seeing Ripple as a threat, is going against the grain. Ripple has years of work behind their product, and lets face it, SWIFT is only peddling a product that sends messages, and shows you where your money is being held up. If Ripple has such a great product (and I believe they do, as evidenced by the swift (pun intended) implementation by SBI) why would SWIFT go against the grain like this? If SWIFT thinks to make/adopt a product that does what Ripple's software and digital asset does, this is tantamount to them holding back progress as it will take them years to get to where Ripple is at today! Feel free to chime in
  19. The last time I bought BTC it was below $1,500 and mainly got in on XRP before the run up. If it BTC goes back to $1,500 and xrp goes to .05 and I don't think it will, I'll pick up some more. Looks like there is nothing to do here today except to hold tight. Anyone buying at this level or are you waiting for lower?
  20. Looks like bitcoin is creating the second shoulder and breaking the neckline on a Head and Shoulder chart pattern. This is the same Pattern XRP nearly created but didn't, if it continues traders would say it will retrace back to the breakout point which I would put around 1200-1500. Honestly I don't think this will happen but if it does I'd be surprised if everything didn't fall along with it. Any thoughts.
  21. Here's my take on this article ... the writer has never heard of Ariba, Inktomi, or Veritas so that concerns me as to his level of knowledge regarding newer things such as blockchain, ICO's, etc. is.
  23. The earlier topic about P/E ratios got me thinking about comparisons. What would the valuation of popular coins be if each one had the same number of coins on the market? More importantly, how would they compare to XRP? Let's start with a screenshot I just took at XRP is really catching up in volume! Alright, how do BTC, ETH, and LTC valuations change if they have the same number of coins on the market as XRP? XRP has ($11.5B / $0.3016) = ~38.3B coins available right now. We'll use this number to scale the others. The other total coin amounts are: BTC ($45.06B / $2747.45) = ~16.4M coins. ETC ($32.36B / $349.25) = ~92.66M coins. LTC ($2.34B / $45.40) = ~51.54M coins. We can divide the total number of coins into the total number of XRP to find a percentage value that we can use to scale each coin's price and find its relative value. BTC (16.4M / 38.3B) = 0.0004281984333 ETC (92.66M / 38.3B) = 0.0024193211488 LTC (51.54M / 38.3B) = 0.001345691906 Multiplying each coin's USD value by the scaling percentage gives: BTC ($2747.45 * 0.0004281984333) = $1.18 ETC ($349.25 * 0.0024193211488) = $0.84 LTC ($45.40 * 0.001345691906) = $0.06 Makes XRP's $0.30 seem not so far off. Maybe LTC is still a good buy? What do you think? Is this a valid method of comparison? What other (calculable) factors can we take into account?