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Ethereum and XRP Could Power Central Bank Digital Currencies, Bank of France


VanGogh
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Ethereum is a general smart-contracts platform - the "ripple" network and crypto are for fast payments that can't be gamed by miners or anyone else, and  Ethereum has a long way to go before legal jurisdictions around the world catch up with giving a wide range of smart contracts the same legal rights as conventional contracts.  Sure, Ethereum has many more developers contributing to its source code than Ripple, but Ripple it targeting a very specific industry and they don't have to worry about legal jurisdictions catching up with the smart-contracts industry for now - Ripple is about sending payments, not creating smart-contracts, and Ethereum is not, so creating a robust smart contracts platform is a harder goal that sending payments in a compliant fashion IMO, and I don't think the crypto purists like Vitalik, ETH and BTC hodlers would appreciate some aspect of ETH going the way of Ripple, so I think Ripple is way ahead of Ethereum in this respect as well as being much faster at settling txs.  Also, Ripple is proprietary and the "ripple" ledger is not and neither is Ethereum, so I think Ripple is one of the smartest crypto companies out there because they're combining the best of both worlds, proprietary software for their customer's ease of use, feature rich, and compliant with open software for a trusted ledger for all to use, and targeting a very specific use case that severely needs upgrading, so I see Ripple as likely to succeed sooner than later than most other cryptos. 

 

Edited by enrique11
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12 minutes ago, enrique11 said:

Ethereum is a general smart-contracts platform - the "ripple" network and crypto are for fast payments that can't be gamed by miners or anyone else, and  Ethereum has a long way to go before legal jurisdictions around the world catch up with giving a wide range of smart contracts the same legal rights as conventional contracts.  Sure, Ethereum has many more developers contributing to its source code than Ripple, but Ripple it targeting a very specific industry and they don't have to worry about legal jurisdictions catching up with the smart-contracts industry for now - Ripple is about sending payments, not creating smart-contracts, and Ethereum is not, so creating a robust smart contracts platform is a harder goal that sending payments in a compliant fashion IMO, and I don't think the crypto purists like Vitalik, ETH and BTC hodlers would appreciate some aspect of ETH going the way of Ripple, so I think Ripple is way ahead of Ethereum in this respect as well as being much faster at settling txs.  Also, Ripple is proprietary and the "ripple" ledger is not and neither is Ethereum, so I think Ripple is one of the smartest crypto companies out there because they're combining the best of both worlds, proprietary software for their customer's ease of use, feature rich, and compliant with open software for a trusted ledger for all to use, and targeting a very specific use case that severely needs upgrading, so I see Ripple as likely to succeed sooner than later than most other cryptos. 

 

And, let's not forget smart contract like work continues to move forward through the likes weitswind and coil and others I'm sure.

Ripple has my bet.

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5 hours ago, xerxesramesepolybius said:

Read the orginal Banque de France doc.

https://www.banque-france.fr/sites/default/files/media/2020/03/30/fact_sheet_-_central_bank_digital_currency_30_march_2020.pdf

where exactly is the mention of XRP or Ripple?

can you guess?

Nowhere.

That's because you have linked to the wrong page. Here's the correct page: https://publications.banque-france.fr/sites/default/files/media/2020/02/04/central-bank-digital-currency_cbdc_2020_02_03.pdf  It's on page 28. The link from the original article is the one for the "internal report": https://www.cryptoglobe.com/latest/2020/04/bank-of-france-touts-ethereum-and-xrp-to-power-central-bank-digital-currencies/

Please take your misinformation elsewhere. 

Edited by VanGogh
clarity
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9 hours ago, xerxesramesepolybius said:

Read the orginal Banque de France doc.

https://www.banque-france.fr/sites/default/files/media/2020/03/30/fact_sheet_-_central_bank_digital_currency_30_march_2020.pdf

where exactly is the mention of XRP or Ripple?

can you guess?

Nowhere.

Just another cartoon character on this forum... 

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On 4/4/2020 at 6:12 PM, VanGogh said:

Seriously, go pound sand. A central bank is specifically talking about XRP. What is wrong with you!

Only talking about it as a hypothetical option and they are a pretty dismissive of it.

No need to get so excited. There must be hundreds of central bank, commercial bank and consultancy papers mentioning Ripple/XRP as examples of something. Sadly that does not mean they are endorsements.

 

 

 

 

 

 

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9 minutes ago, xerxesramesepolybius said:

Only talking about it as a hypothetical option and they are a pretty dismissive of it.

No need to get so excited. There must be hundreds of central bank, commercial bank and consultancy papers mentioning Ripple/XRP as examples of something. Sadly that does not mean they are endorsements.

 

 

 

 

 

 

So go put your money elsewhere, and spend your time elsewhere too. You are simply a contrarian who adds no value here. 

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