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Google and others are eyeing the InterLedger Protocol ?


kanaas
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According to a quote in this article there was a report mentioning this by Stefan Thomas in late august ... did I miss that ?

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While Blockstack aims to prevent Facebook and Google amassing tons of information on consumers, that doesn’t mean both internet companies aren’t eyeing their own blockchain initiatives. According to a report from late August, Apple, Google and others are interested in Ripple and the distributed ledger financial company’s Interledger Protocol. In a report, Ripple said it comes into regular contact with large technology companies that express a lot of interest in its blockchain technology. According to Stefan Thomas, chief technical officer at Ripple, Google, Apple, Mozilla and other large technology companies have been joining forces to find a better user experience for payments on the internet.

Recently there were some tests on Blockstack using ILP as well 

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4 hours ago, kanaas said:

According to Stefan Thomas, chief technical officer at Ripple, Google, Apple, Mozilla and other large technology companies have been joining forces to find a better user experience for payments on the internet.

I just hate it when Apple, Google, and Ripple are mentioned in the same sentence.  It brings Ripple down to their level.  :dirol:

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Notice that each of these companies, Apple, Google, Mozilla control browser software. Apple and Google control handsets and operating systems. For an industry standard to emerge each would need to adopt a core technology. It won't be Bitcoin, but it could be the open source implementations of InterLedger and HyperLedger. HyperLedger is more limited than InterLedger as it does not support a token outside of its domain. Ripple has the only product that provides a broader user experience... with a token of value.

i do not see how an Apple or Google ledger could succeed by competing with a Ripple ledger, so they will likely adopt one or the other... HyperLedger or InterLedger. There is some urgency for both companies, as non-phone solutions could emerge via the hardware wallet companies, offering arguably more secure solutions than phones.

i expect the choice that American companies like Apple and Google make will be based on 'control' issues. They could buy Ripple. Someone is going to buy Ripple, if the 100 banks in trial mode is real. This would send XRP to 1$.

What I found interesting in Garlinghouse's interview with Bloomberg of yesterday was that he said, "Ripple had had a good run". Now may be that was just investor slang that slipped out during an on camera interview, or it is indicative of a business phase completion. 

Let us hope Garlinghouse does not sell Ripple to Yahoo, as that would be horrific.

 

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12 minutes ago, Max Entropy said:

Apple, Google, Mozilla control browser software. Apple and Google control handsets and operating systems

Firefox is also pushing into OS.

Google's Gmail desperately wants to control your flow of funds:

ScreenClip.png.1c11ac00ff6a7e808d16a98dd5cc8e68.png

14 minutes ago, Max Entropy said:

i do not see how an Apple or Google ledger could succeed by competing with a Ripple ledger, so they will likely adopt one or the other... HyperLedger or InterLedger.

No they're different horses for different courses. HL actually helps ILP long-run as makes ledgers crypto-compatible.

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@Max Entropy - well spotted... you actually may be right about Ripple being bought by... somebody... The former CEO stepping down, the new one (not)intentionally making this suggestion.. hmmm... Mr Vias here to improve XRP image ( to make Ripple more attractive..?)

Yeah - I wouldn't be surprised...

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11 minutes ago, Max Entropy said:

i do not see how an Apple or Google ledger could succeed by competing with a Ripple ledger,

Also keep in mind that the whole idea of "a market for float" enables companies with large cash balances managed by their Treasury dept  to deploy/sell that cash as Float, in "a market for float". So other companies can use the Ripple international payment solution to achieve the lack of a need to fund accounts with "dead money" in each country they conduct business in. 

If Apple/Google started their own siloed ledger, there would be no "market" and no other "market participants",  Accomplishing much less value creation.

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1 hour ago, Max Entropy said:

Hey Karma,

That is an excellent perspective.

You should talk more about this stuff, as I do not know much in the non-tech area.

I think I have, but if you would like me to expand on a subject just let me know. 

I appreciate this niche community, have learned quite a bit here, appreciate that @JoelKatz @Vinnie @mDuo13 and many others post/answer here. There are many non-Ripple employees here also who I have connected with and learned from. 

So if it would be helpful for me to expand on any topic, I am happy to give back, hoping it helps someone. I enjoy financial stuff anyway.

Edit: & @nikb

Edited by KarmaCoverage
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Well I do not have a specific set of questions now, but I agree that it is bloody decent that the Ripple guys comment here. 

If you have business or tech insight - overtime, I would be interested to hear what you have to say. Your comments above, about selling the float, are topics that I would never have considered.

I think this useful to others here, as there appears to be a mix of interested but non-technical people, but also some technically informed and some software people that understand how the Ripple technology could work, but do not have knowledge about the 'banking application' requirements.

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3 hours ago, KarmaCoverage said:

Also keep in mind that the whole idea of "a market for float" enables companies with large cash balances managed by their Treasury dept  to deploy/sell that cash as Float, in "a market for float". So other companies can use the Ripple international payment solution to achieve the lack of a need to fund accounts with "dead money" in each country they conduct business in.

I know this is the message Ripple has been trying to send, but for whatever reason, the way you have worded it finally gave me the "aha!"  moment. 

I now wonder, should Ripple and XRP be adopted on a wide scale, how this will impact volatility in FX markets? Imagine the fireworks as the € gets closer to deaths door....

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I don't think anything will happen until the following is resolved:

1: institutional investors need a mechanism to buy. Buying Bitcoin to then buy XRP sucks. It is difficult, small volume and error prone... and slow.

2: there needs to be liquidity in the crypto currency markets

3: Ripple needs to distribute the many 50m XRP far and wide, so as to enable incentivization for these financial markets

4: 100 banks using Ripple technology

5: promotion into Asia, Europe and North America

6: Ripple either grows technically or is purchased by software company. While the above Apple, Google, Mozilla is intriguing, I would argue that non of these companies have the software and technology skills of MS or IBM. So I see the need for partnerships.

Given the above, then XRP will be $ 10+ 

Long way to go...

I could see the Fed using Ripple, if it had strong US technology support. I should spend some time looking at the W3C standards group membership list.

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On 2/17/2017 at 0:50 PM, Max Entropy said:

I don't think anything will happen until the following is resolved:

1: institutional investors need a mechanism to buy. Buying Bitcoin to then buy XRP sucks. It is difficult, small volume and error prone... and slow.

2: there needs to be liquidity in the crypto currency markets

3: Ripple needs to distribute the many 50m XRP far and wide, so as to enable incentivization for these financial markets

4: 100 banks using Ripple technology

5: promotion into Asia, Europe and North America

6: Ripple either grows technically or is purchased by software company. While the above Apple, Google, Mozilla is intriguing, I would argue that non of these companies have the software and technology skills of MS or IBM. So I see the need for partnerships.

Given the above, then XRP will be $ 10+ 

Long way to go...

I could see the Fed using Ripple, if it had strong US technology support. I should spend some time looking at the W3C standards group membership list.

1. Currently they can buy from Ripple's XRP-II, https://genesistrading.com/digital-currency/, and presumably bitstamps fiat markets (although liquidity is super low right now).

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