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Veritaseum has finished it's report on Ripple but they have some questions unanswered which they have asked the community for assistance on, to quote from the CEO himself "Take note, for every accurate and provable answer I recieve that's not already in the report, I will give the source of the answer either the Ripple report or 1 VERI as gratuity, on a first come, first serve basis. Use the contact link at the bottom of this page to reach us our support." SO if you know the answers collect your bounty and post the answers to Veritaseum, the questions are: What is the share of ripple in the cost per payment that bank charges from the customers? In per payment charge, four costs are associated with it namely counterparty fees, reconciliation fees, treasury cost and payment processing fees. Can you help us in understanding which of these costs are retained by ripple and in what percentage? The number of transactions monthly? Is seigniorage income included in the payment processing fee? How much ripple gains when it enters into a contract of tie up with any bank? Does it charge bank on one time basis or recurring basis? Is XRP used for trading apart from the transfers between banks? What is the cost incurred by ripple in providing services to the bank? On what basis the percentage of different fees in total cost of payment is decided? What percentage of revenue are non-operating costs? Is there any other source of income besides earning per transaction and through contracts entered into with bank? Counterparty fee, wholesale FX cost, percent of bidirectionality, error rate, failure rate, payments to be reconciled and average time to reconcile affect the cost incurred per payment and sub costs under them even if annual number of transactions and their value remain constant. For example:- Here is the link for the rest http://veritas.veritaseum.com/index.php/23-the-ripple-forensic-valuation-is-available-for-download-showing-value-behind-veri-s-rise ps whats everyones feeling on vertaseum?
cmbartley posted a topic in General DiscussionI came across this while looking at various ERC20 tokens. The website is horrible and the writing is poor but it seems that they're trying to do something with Ripple: http://veritas.veritaseum.com/index.php/23-the-ripple-forensic-valuation-is-available-for-download-showing-value-behind-veri-s-rise They have any ERC20 token too? https://etherscan.io/address/0x8f3470A7388c05eE4e7AF3d01D8C722b0FF52374