Ralphadayus Posted April 7, 2018 Share Posted April 7, 2018 57 minutes ago, OzAlphaWolf said: If ledgers unrelated to Ripple and XRP choose not to use XRP, then its price will be unaffected by their activities. I think this is technically wrong. Bare with me but here goes...The Interledger Protocol provides for routing payments across different digital asset ledgers be it fiat or crypto. And chooses the fastest and cheapest payment route, offers it up and the banks or merchants can use this route. That fastest/cheapest route is going to be through Ripplenet because of it's design. So IPL is going to use this route as long as it's available, thus the push by Ripple to gain more connectors/validators/exchanges/gateways. So those fiat assets are going to be running through Ripplenet before coming out the other end on IPL back to traditional digital asset ledgers. And Ripplenet charges fees in drops for transactions across it. I just had some of those ALV tokens from that new ICO deposited in my account and the net charged me 12 drops of XRP. So running this fiat is going to use XRP anyway and banks don't have to touch it. But they are technically going to use it indirectly. This will influence the price. And it will pay to be a validator, you can even choose your own fees... JTxrPP, Trader-to-the-Crown, poothoot2 and 5 others 4 4 Link to comment Share on other sites More sharing options...
Hodlezerper Posted April 7, 2018 Share Posted April 7, 2018 1 hour ago, Quintree said: I see your connection here, but it seems weak. None of the recent documents that I looked at mentioned interledger or Ripple. It was just that draft document back in February that mentioned it. Show me a recent document showing the implementation of interledger on W3C Safari. Tacubaz 1 Link to comment Share on other sites More sharing options...
XRPisVELOCITY Posted April 7, 2018 Share Posted April 7, 2018 8 minutes ago, Ralphadayus said: I think will influence the price. And it will pay to be a validator, you can even choose your own fees... Are you sure about being able to choose your own fees? Link to comment Share on other sites More sharing options...
OzAlphaWolf Posted April 7, 2018 Share Posted April 7, 2018 16 minutes ago, Ralphadayus said: I think this is technically wrong. Bare with me but here goes...The Interledger Protocol provides for routing payments across different digital asset ledgers be it fiat or crypto. And chooses the fastest and cheapest payment route, offers it up and the banks or merchants can use this route. That fastest/cheapest route is going to be through Ripplenet because of it's design. So IPL is going to use this route as long as it's available, thus the push by Ripple to gain more connectors/validators/exchanges/gateways. So those fiat assets are going to be running through Ripplenet before coming out the other end on IPL back to traditional digital asset ledgers. And Ripplenet charges fees in drops for transactions across it. I just had some of those ALV tokens from that new ICO deposited in my account and the net charged me 12 drops of XRP. So running this fiat is going to use XRP anyway and banks don't have to touch it. But they are technically going to use it indirectly. This will influence the price. And it will pay to be a validator, you can even choose your own fees... Thanks, but that doesn't sound exactly right. Going to look into it more. Link to comment Share on other sites More sharing options...
XRPisVELOCITY Posted April 7, 2018 Share Posted April 7, 2018 1 minute ago, OzAlphaWolf said: Thanks, but that doesn't sound exactly right. Going to look into it more. The fee part doesn't make sense. Link to comment Share on other sites More sharing options...
NickManning Posted April 7, 2018 Share Posted April 7, 2018 (edited) So did we all just make it??? Edited April 7, 2018 by NickManning Link to comment Share on other sites More sharing options...
nuknuk Posted April 7, 2018 Share Posted April 7, 2018 Apple - the low hanging fruit David was taking about? sorry had to post this with all the bearable123 guy hype lately. ? ScroogeMcDuck 1 Link to comment Share on other sites More sharing options...
Tehol_Beddict Posted April 7, 2018 Author Share Posted April 7, 2018 21 minutes ago, Ralphadayus said: I think this is technically wrong. Bare with me but here goes...The Interledger Protocol provides for routing payments across different digital asset ledgers be it fiat or crypto. And chooses the fastest and cheapest payment route, offers it up and the banks or merchants can use this route. That fastest/cheapest route is going to be through Ripplenet because of it's design. So IPL is going to use this route as long as it's available, thus the push by Ripple to gain more connectors/validators/exchanges/gateways. So those fiat assets are going to be running through Ripplenet before coming out the other end on IPL back to traditional digital asset ledgers. And Ripplenet charges fees in drops for transactions across it. I just had some of those ALV tokens from that new ICO deposited in my account and the net charged me 12 drops of XRP. So running this fiat is going to use XRP anyway and banks don't have to touch it. But they are technically going to use it indirectly. This will influence the price. And it will pay to be a validator, you can even choose your own fees... From what I recall seeing on github, the most recent version of interledger routes payments using the shortest path as opposed to the cheapest since using the cheapest would enable connectors to game the system. The payer specifies a the min amount received on the other side. That said, I don't know the specifics well enough. Trader-to-the-Crown and Ralphadayus 2 Link to comment Share on other sites More sharing options...
OzAlphaWolf Posted April 7, 2018 Share Posted April 7, 2018 (edited) 2 minutes ago, XRPisVELOCITY said: The fee part doesn't make sense. No, because for example, a EUR transaction could cross the ILP, but where is the requirement to have XRP held somewhere to cover fees. Connectors can withhold a small portion of a transfer as their payment but that doesn't necessarily have to be in XRP. And xRapid is the system that uses the pathfinder for getting the cheapest rate on Fiat/XRP, XRP/Fiat legs. But since the ILP doesn't need that I don't see how XRP needs to be involved at all, even as drops for transaction fees. Edited April 7, 2018 by OzAlphaWolf Link to comment Share on other sites More sharing options...
Ralphadayus Posted April 7, 2018 Share Posted April 7, 2018 1 minute ago, XRPisVELOCITY said: Are you sure about being able to choose your own fees? I thought I read it today.. but now not so sure. I've been digging ALOT today so it's possible I might be wrong on that. Link to comment Share on other sites More sharing options...
ScroogeMcDuck Posted April 7, 2018 Share Posted April 7, 2018 So can I buy and sell XRP through my Safari browser yet? CB can suck it. Artificer 1 Link to comment Share on other sites More sharing options...
Ralphadayus Posted April 7, 2018 Share Posted April 7, 2018 8 minutes ago, OzAlphaWolf said: No, because for example, a EUR transaction could cross the ILP, but where is the requirement to have XRP held somewhere to cover fees. Connectors can withhold a small portion of a transfer as their payment but that doesn't necessarily have to be in XRP. And xRapid is the system that uses the pathfinder for getting the cheapest rate on Fiat/XRP, XRP/Fiat legs. But since the ILP doesn't need that I don't see how XRP needs to be involved at all, even as drops for transaction fees. It's not a requirement for IPL but it is to have an account on ripplenet. The 20 min... And the net charges fees for anything it seems. Even extending a trust line cost me drops. Link to comment Share on other sites More sharing options...
OzAlphaWolf Posted April 7, 2018 Share Posted April 7, 2018 Just now, Ralphadayus said: It's not a requirement for IPL but it is to have an account on ripplenet. The 20 min... And the net charges fees for anything it seems. Even extending a trust line cost me drops. Well yeh, of course Ripple Net consumes drops for fees, but this is about ILP. Link to comment Share on other sites More sharing options...
Guest Ripplista79 Posted April 7, 2018 Share Posted April 7, 2018 Reading this thread is an emotional roller coaster. What is the verdict? Why no announcement? hmmmmmmm I think this is going to make XRP ubiquitous, but I'm hesitant to believe for some reason. Link to comment Share on other sites More sharing options...
Ralphadayus Posted April 7, 2018 Share Posted April 7, 2018 38 minutes ago, XRPisVELOCITY said: Are you sure about being able to choose your own fees? Looks like I was wrong. Here's some good info: https://ripple.com/build/transaction-cost/ Link to comment Share on other sites More sharing options...
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