Everyone is missing the big picture - Focus of SWELL is on ILP and not XRP!!!

[mrenne]

1 hour ago, Streamliner said:

This is what Ripple may be thinking:

1. Promote ILP as much as possible so that the entire world pretty much uses it. SWELL being used to try find new partners who will join in on the ILP interoperability. So kicking things off by "Bill Gates joined us on ILP!!! So you have a think about it too why it may be useful for you!!

2. Make damn sure that XRP stays the best bridging currency within the ILP. Ripple created the ILP so they will always be focused on making sure that XRP tech is on top of the game in the open-sourced ILP.

Agree! Not "may be thinking" but "are thinking". It is their strategy to get the tech adopted and make sure the currency is the best thing to use once you use the tech. That's the reason why they put all their effort in RCL, ILP and not in the price development of XRP.  That will come later.

[JoelKatz]

I don't know that I checked every one of them, but I am active in that Discord and the ones I checked were me.

[GiddyUp]

Goodnight David, hope you have a great day tomorrow 

[Xi195]

55 minutes ago, prkzingis said:

This RippleNet Accelerator Program is real big guys, I'm telling you!!!

The program is exciting.

The disappointing part is that they are using XRP (crypto) to incentivize Ripple (software) adoption. I understand the intent of such a strategy, which is to build out the rails giving XRP its best opportunity to win, but it's not the same as the original liquidity incentive program which used XRP to incentivize XRP adoption. Hopefully this will come later. To my knowledge this has not been discussed on the forum. 

[The Knight of Ahhrrgg]

1 hour ago, thetamind said:

Quilt is everything guys.  It is the use case for xrp we have all been waiting for.  Interoperability is the keyword here, and the only way to make things interoperable with each other is to have a native asset they can all be compatible with, creating a bridge.... this is what xrp was designed for, and they will be on hyperledger making all of its members interoperable.  This is huge news.... DAWN.  It's the tipping point of xrp adoption.  This is what will create the liquidity banks will require to make digital assets attractive to them and sustain their scaling needs.  ILP will use xrp, don't doubt it!

 

https://www.hyperledger.org/blog/2017/10/16/hyperledger-gets-cozy-with-quilt

I agree wholeheartedly.  It's impossible for FI's to be connecting their private ledgers (possibly on very old IT architecture ;-) on a 1-on-1 basis. Just impossible.  ILP solves a lot of headaches for them. Of course, other cryptos might run on it, too (who knows), but I'd agrue that XRP is well-positioned to be used in the first place, or may well be sitting in the middle as a means of conversion from the one crypto running on ILP into another crypto running on ILP? Who knows. Many possibilities , but above all: opportunites abound.

One thing I'm not sure of: would there be a way (or are they already there by design?) to obfuscate those ILP transactions in such a way that FI's would need not fear any privacy issues? (Being one of the regulatory excuses they tend to bring up for not running faster than they do.)

[Guest]

9 minutes ago, The Knight of Ahhrrgg said:

One thing I'm not sure of: would there be a way (or are they already there by design?) to obfuscate those ILP transactions in such a way that FI's would need not fear any privacy issues? (Being one of the regulatory excuses they tend to bring up for not running faster than they do.)

ILP includes privacy by design, you only reveal what you want to and to whom you are connected with. Only using the XRP ledger would make any aspect of a tx public (or using some other explicitly public ledger/pipe).

[kanaas]

27 minutes ago, JoelKatz said:

I don't know that I checked every one of them, but I am active in that Discord and the ones I checked were me.

So this means that you really said that some partners did expressed FOMO fever ...?
That's a pretty strong quote.. if real!
Wonder if that fear is truly related to their business or just to the fat 300M incentive.... Because a big amount to give away will not always attract the "right" partners but often just those that let you behind with some false promises (remember R3) ....
I hope that the rules for that incentive are written in stone - maybe @Morty can help with that  

 

Edited October 18, 2017 by kanaas

[The Knight of Ahhrrgg]

14 minutes ago, zerpdigger said:

ILP includes privacy by design, you only reveal what you want to and to whom you are connected with. Only using the XRP ledger would make any aspect of a tx public (or using some other explicitly public ledger/pipe).

Thanks! That bodes well for ILP itself.

Yet, so if XRP were to be used intermittently on ILP, there goes the privacy sought by FI's. Our would there be way to use XRP without the public ledger? Hm - I wouldn't think so. Perhaps Ripple could somehow incorporate/attach one huge chunk of XRP to ILP acting as a huge pool that diffuses everything.

But it may well be, I am now talking total rubbish. I will leave that up to our crypto-expert @JoelKatz  to confirm

(Other option: transactions could be aggregated by an FI, before shooting it into ILP running with an XRP-ledger, but that again would be a tad counter-productive as it would add extra processing = delays.).

 

[Guest]

Just now, The Knight of Ahhrrgg said:

if XRP were to be used intermittently on ILP, there goes the privacy sought by FI's. Our would there be way to use XRP without the public ledger?

well, depending on what occurred on the XRP ledger, you might just have a single XRP transaction, so no other data is revealed as the rest of the transaction chain is hidden off-ledger, xrp just acting as an intermediary "hop" -- but it depends

[kanaas]

Just now, zerpdigger said:

well, depending on what occurred on the XRP ledger, you might just have a single XRP transaction, so no other data is revealed as the rest of the transaction chain is hidden off-ledger, xrp just acting as an intermediary "hop" -- but it depends

Of course? The combination of private and public ledgers for payments can always hide/translate the original details on the public rail and this way serve for anonymity ....

[Amigo]

4 minutes ago, kanaas said:

Of course? The combination of private and public ledgers for payments can always hide/translate the original details on the public rail and this way serve for anonymity ....

I didn't dig into the privacy options enough yet, but wasn't there something called pathshuffle to be implemented on the RCL taking care of that?

[The Knight of Ahhrrgg]

 

8 minutes ago, zerpdigger said:

well, depending on what occurred on the XRP ledger, you might just have a single XRP transaction, so no other data is revealed as the rest of the transaction chain is hidden off-ledger, xrp just acting as an intermediary "hop" -- but it depends

4 minutes ago, kanaas said:

Of course? The combination of private and public ledgers for payments can always hide/translate the original details on the public rail and this way serve for anonymity ....

Clear, then it's like both of us connecting through a VPN providor towards this forum. I could send you a PM, and even if you were to hack the forum you might find my exit-IP, but still you couldn't make any Belgian fries out of that info. (FYI: I hail the Belgian fries & mayonnaise)

[Xrphunter]

IMO, the purpose of a conf is not mainly to raise the price of xrp but to attract clients and introduce ripple to the public. 

[Guest]

29 minutes ago, kanaas said:

Of course?

well clearly it wasn't "of course" was it?! i was explaining it for someone

[will4star]

Just now, Xrphunter said:

IMO, the purpose of a conf is not mainly to raise the price of xrp but to attract clients and introduce ripple to the public. 

Agreed. I think they could have improved though by having at least one keynote speech by a member of the Ripple team really showing off how good Ripple tech itself is, including their new product suite, XRP and XRP ledger - just a bit of shameless plugging of their own tech. The devs work so hard building this stuff, it would be nice to give it a spot in the limelight and sell it to the outside world. 

Given that it is a Ripple conference, I'd have expected that to a certain degree, but it's been lacking. Instead, we've had general discussions of the tech space and specific examples of other teams and projects - which is good - but precious little specifically on Ripple themselves and why their work is important. Maybe they are afraid of stifling the conversation, or maybe they are too concerned about the need to be collaborative and not confrontational or aggressive. Good first show, but improvements to be made for 2018 I think!