enrique11 Posted June 19, 2018 Share Posted June 19, 2018 (edited) 1 hour ago, Trickery said: Stellar are not registered as non profit as far as I know. That might be the case, but their actions so far have spoken to their intent. Their angle is to be the "linux foundation of cross-border payments" more or less according to Jed. Edited June 19, 2018 by enrique11 Link to comment Share on other sites More sharing options...
Capone Posted June 19, 2018 Share Posted June 19, 2018 1 minute ago, enrique11 said: That might be the case, but their actions so far have spoken to their intent. Their angle is to be the linux foundation for cross-border payments according to Jed. Big banks will never trust a totally permissionless blockchain. Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 1 minute ago, Capone said: Big banks will never trust a totally permissionless blockchain. Stellar is just the conduit for public payments...you forgot or haven't heard about Hyperledger and lightning network, hyperledger supports private, permissioned networks and LN supports private payments....some of the hyperledger networks will need public access, this is where stellar can play a role...also, Stellar will build an LN implementation on top of the stellar network...LN works by batching transations and the net result gets written to the stellar ledger...much less bloat on stellar ledger and privacy is maintained because of lack of individual payments info. Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 Look....I like both and am invested in both...but I just hope that Ripple hasn't played too much with fire. Link to comment Share on other sites More sharing options...
Capone Posted June 19, 2018 Share Posted June 19, 2018 1 minute ago, enrique11 said: Stellar is just the conduit for public payments...you forgot or haven't heard about Hyperledger and lightning network, hyperledger supports private, permissioned networks and LN supports private payments....some of the hyperledger networks will need public access, this is where stellar can play a role...also, Stellar will build an LN implementation on top of the stellar network...LN works by batching transations and the net result gets written to the stellar ledger...much less bloat on stellar ledger and privacy is maintained because of lack of individual payments info. Banks like and use the Ripple network because it’s not totally decentralized, there is control. The irony is that it puts XRP in no man’s land. enrique11 1 Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 (edited) 54 minutes ago, Capone said: Banks like and use the Ripple network because it’s not totally decentralized, there is control. The irony is that it puts XRP in no man’s land. None of my posts are advice of any kind...just giving my personal opinion. I think they'll both succeed. Yes, they are definitely competitors, but I hope there are enough use cases and space in a global marketplace and that these two competitors rivalry does not go the way of blu-ray vs HD dvd. Edited June 19, 2018 by enrique11 Link to comment Share on other sites More sharing options...
Guest Posted June 19, 2018 Share Posted June 19, 2018 banks dont give a toss abotu ideological notions of "decentralization", they care about if a product works, it's secure, it's cost-effective, it's reliable Link to comment Share on other sites More sharing options...
kenrino Posted June 19, 2018 Share Posted June 19, 2018 (edited) Ripple is a member of Hyperledger and have a common project with Hyperledger called Quilt : "Everis, NTT DATA and Ripple are committing full-time engineering resources to ensure the success of this project." About Stellar, eToro publication (posted today) does not consider XLM as store of value: "the publication is less bullish on the prospects for the Stellar Lumens (XLM) token which, according to a technical analysis performed by Greenspan, demonstrates a relatively weak case for income velocity and little economic case as a store of value." https://www.icoexaminer.com/ico-news/etoros-stellar-for-dummies-publication-does-not-consider-xlm-as-store-of-value/ About the endless debate here about security, Ripple know they're not a security already I think. https://www.youtube.com/watch?v=POJ7lDNeYXE&feature=youtu.be Edited June 20, 2018 by kenrino Link to comment Share on other sites More sharing options...
kanaas Posted June 19, 2018 Share Posted June 19, 2018 This is a key fragment of the speech. Ripple built RippleNet first and started distributing tokens after. None of the buyers were investing in development of the network. i think that was a very interesting pointYep. Always saw them as Google (and others) backed and private funded. Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 (edited) 1 hour ago, kenrino said: for the endless debate here about security, Ripple know they're not a security already I think. https://www.youtube.com/watch?v=POJ7lDNeYXE&feature=youtu.be https://www.icoexaminer.com/ico-news/etoros-stellar-for-dummies-publication-does-not-consider-xlm-as-store-of-value/ Not advice of any kind...just my opinion. Stellar lumens won't be regarded as a store of value by banks until and if its marketcap stabilizes. Even then there is no guarantee - same with XRP. XRP might become a store of value, but just that. It's not going to gain general adoption IMO because it's intentionally deflationary. It's was designed for the FIs use only eventually IMO....tough to spend something you want to hoard. The banks might eventually build solutions for their customers on top of this...won't that make them digital intermediaries to an extent? Hyperledger will alllow enterprises to create custom blockchain networks, and IBM plays a big role in this...and stellar will play a role as a public conduit for some of these private networks which will require public payments access. Look...I would like for both of them to succeed, but personally I have my own preferences because of my values, as do you. Edited June 19, 2018 by enrique11 correction Link to comment Share on other sites More sharing options...
SomeGuyXRP Posted June 19, 2018 Share Posted June 19, 2018 1 hour ago, enrique11 said: The SEC might deem it a security anyway because of how Ripple has used it. Maybe Ripple can undo the damage...I don't know...they own and hold so many XRPs in escrow and they are worth so much now. I hate to bring up Stellar, but Ripple's business plan needs to be contrasted with a non-profit plan, so you can see the difference: Ripple has had possession of most of the XRP throughout its history and has sold a number of them to raise funds and make deals with other businesses. Stellar on the other hand will donate 95% of their stellars, the remaining 5% will only be used for operational expenses, not to establish new ventures, or grow their foundation by selling them. Will donate? When? They haven't donated that 95% yet, it's still held by the stellar foundation. If this were true today I'd say your argument is valid, but why should I believe stellar promises over ripples? Link to comment Share on other sites More sharing options...
FMGC Posted June 19, 2018 Share Posted June 19, 2018 In this crypto space only ICOs are securities that's why USA investors are not allowed to participate. Only a fudster is able to frame XRP in the definition of security: https://www.investopedia.com/terms/s/security.asp In the moment XRP was created it had no value! Of course Ripple pays taxes due for the operations related to XRP and, for sure, those are, most probably, enormous! Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 (edited) 7 minutes ago, SomeGuyXRP said: Will donate? When? They haven't donated that 95% yet, it's still held by the stellar foundation. If this were true today I'd say your argument is valid, but why should I believe stellar promises over ripples? You don't have to "believe", just look at their actions so far, and keep looking as time goes by for consistency to see if their actions continue to match their intent and words. Edited June 19, 2018 by enrique11 Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 8 minutes ago, FMGC said: In this crypto space only ICOs are securities that's why USA investors are not allowed to participate. Only a fudster is able to frame XRP in the definition of security: https://www.investopedia.com/terms/s/security.asp In the moment XRP was created it had no value! Of course Ripple pays taxes due for the operations related to XRP and, for sure, those are, most probably, enormous! If that were indeed the case, Jay Clayton IMO would have also singled out XRP as a non-security when he was specifically questioned about both ETH and XRP. Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 10 minutes ago, FMGC said: In this crypto space only ICOs are securities that's why USA investors are not allowed to participate. Only a fudster is able to frame XRP in the definition of security: https://www.investopedia.com/terms/s/security.asp In the moment XRP was created it had no value! Of course Ripple pays taxes due for the operations related to XRP and, for sure, those are, most probably, enormous! Yes, I'm a FUDster even though I own XRP...that makes absolute sense. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now