No More Lengthy Wallet Addresses – Send USDC to ‘username.coin’

[HAL1000]

https://cryptopotato.com/circle-and-unstoppable-domains-introduce-usernames-for-usdc-transfers/

https://www.coindesk.com/no-more-lengthy-wallet-addresses-send-usdc-to-username-coin

 

[brianwalden]

What if XRPL addresses could have an easy to read name associated with them? Maybe start them all with a little tilda ~ because it looks like a Ripple.

[French]

Looks like an absolute must have for mass adoption.

[Guest]

1 hour ago, brianwalden said:

What if XRPL addresses could have an easy to read name associated with them? Maybe start them all with a little tilda ~ because it looks like a Ripple.

They do. We’ve had it for a while  It’s called Paystring. Jed is tacostand$bithomp.com, Weitse is wietse$xumm.me, etc.

Xumm let’s you set one up as do several other domains. See https://write.as/wietse/payid-email-address-for-payments-available-today-in-xumm

See https://paystring.org/ for more technical details.

Edited August 4, 2021 by Ripley

[HAL1000]

.coin

could be the new dot.com for the mass adoption of payments, I already own BGates and Elon.coin

[brianwalden]

27 minutes ago, Ripley said:

They do. We’ve had it for a while  It’s called Paystring. Jed is tacostand$bithomp.com, Weitse is wietse$xumm.me, etc.

Xumm let’s you set one up as do several other domains. See https://write.as/wietse/payid-email-address-for-payments-available-today-in-xumm

See https://paystring.org/ for more technical details.

Oh youngin', I was referring to old-school (long deprecated) ripple names. Ripple was ahead of its time in a lot of ways. Unfortunately it wasn't ahead of its time in profitable ways 

[thinlyspread]

Circle's USDC runs on Stellar too, which could handle the old ~names as well as $paystrings or whatever Circle are doing. 

Anyway it's not new or innovative, it's aleady been done. But everyone ignores Ripple/XRP breakthroughs (like the first and STILL the quickest DEX). 

Edited August 5, 2021 by thinlyspread

[Guest]

28 minutes ago, thinlyspread said:

Circle's USDC runs on Stellar too, which could handle the old ~names as well as $paystrings or whatever Circle are doing. 

Anyway it's not new or innovative, it's aleady been done. But everyone ignores Ripple/XRP breakthroughs (like the first and STILL the quickest DEX). 

DEX will play a big role in the future, I think. Once ODL kicks off in earnest and as developers continue to build on XRPL.

[brianwalden]

11 hours ago, thinlyspread said:

Circle's USDC runs on Stellar too, which could handle the old ~names as well as $paystrings or whatever Circle are doing. 

Anyway it's not new or innovative, it's aleady been done. But everyone ignores Ripple/XRP breakthroughs (like the first and STILL the quickest DEX). 

Imagine if Ripple had helped fund one gateway in some jurisdiction with amenable regulations to be a gateway for ERC-20 tokens, and then later BEP-20, and other chains as they came about. You pay a fee when you use the gateway to bridge networks, but once you're on the XRPL you can trade to your heart's content with only a .000012 XRP transaction fee. The way DeFi works today, the gateway could actually pay you for holding their IOUs while they stake/farm/etc. the underlying coins and pay you a cut.

Even in 2021, it's hard to move coins across networks, but this is exactly what the XRPL is designed for. People don't use it for that because there's no good gateways. There's no good gateways because there's no one using the XRPL. Every other network has figured out they need to incentivize people to start using it until there's a big enough base to attract developers and businesses on it's own. Ripple built a great piece of technology and has just let it sit there abandoned for years, at least from the retail side of things.

[Julian_Williams]

2 hours ago, brianwalden said:

Imagine if Ripple had helped fund one gateway in some jurisdiction with amenable regulations to be a gateway for ERC-20 tokens, and then later BEP-20, and other chains as they came about. You pay a fee when you use the gateway to bridge networks, but once you're on the XRPL you can trade to your heart's content with only a .000012 XRP transaction fee. The way DeFi works today, the gateway could actually pay you for holding their IOUs while they stake/farm/etc. the underlying coins and pay you a cut.

Even in 2021, it's hard to move coins across networks, but this is exactly what the XRPL is designed for. People don't use it for that because there's no good gateways. There's no good gateways because there's no one using the XRPL. Every other network has figured out they need to incentivize people to start using it until there's a big enough base to attract developers and businesses on it's own. Ripple built a great piece of technology and has just let it sit there abandoned for years, at least from the retail side of things.

I hope someone from Ripple is reading this!

Didn't they shelve it because they thought diversifying the usage would slow the network down from its real purpose which was serving banks FX?

[brianwalden]

23 minutes ago, Julian_Williams said:

I hope someone from Ripple is reading this!

Didn't they shelve it because they thought diversifying the usage would slow the network down from its real purpose which was serving banks FX?

Is that its real usage?

I would say its real usage is to be a multi-currency ledger for settlement. They shelved it because, in short, in their first few years there was no demand for payments. They gave up on trying to grow from the little guys up to go hunt some whales. At the time, they didn't have much of a choice, if they wanted to go after the big financial institutions, they wouldn't tolerate Ripple messing around with crypto. Serving banks has just been a very long quest to bring liquidity to the ledger.

The environment has changed, big banking is casting flirting glances over at crypto. Crypto has discovered tokenomics and DeFi as a way to bring people in. If the gateways existed, the XRPL would be a great cross-chain crypto bridge and exchange. All the technology is right there waiting to be used, we just don't have the trusted currency issuers on the ledger. In my opinion, that's exactly the type of thing the XRPL was designed to be.

[Julian_Williams]

2 hours ago, brianwalden said:

Is that its real usage?

I would say its real usage is to be a multi-currency ledger for settlement. They shelved it because, in short, in their first few years there was no demand for payments. They gave up on trying to grow from the little guys up to go hunt some whales. At the time, they didn't have much of a choice, if they wanted to go after the big financial institutions, they wouldn't tolerate Ripple messing around with crypto. Serving banks has just been a very long quest to bring liquidity to the ledger.

The environment has changed, big banking is casting flirting glances over at crypto. Crypto has discovered tokenomics and DeFi as a way to bring people in. If the gateways existed, the XRPL would be a great cross-chain crypto bridge and exchange. All the technology is right there waiting to be used, we just don't have the trusted currency issuers on the ledger. In my opinion, that's exactly the type of thing the XRPL was designed to be.

It sounds as if you have identified an important strategy deficiency that needs to be addressed and a good job for a team of developers to get stuck into.

Edited August 5, 2021 by Julian_Williams

[brianwalden]

49 minutes ago, Julian_Williams said:

It sounds as if you have identified an important strategy deficiency that needs to be addressed and a good job for a team of developers to get stuck into.

I'm sure it's more of a strategic decision on their part. The inroads they've made with big finance are long and difficult. It's fairly easy, from a technical perspective, to build retail-oriented DeFi type stuff on top of the XRPL. From their perspective, they probably think they can catch up if they want to. But it's difficult for others to get to where Ripple is with their banking relationships.

[Julian_Williams]

18 minutes ago, brianwalden said:

I'm sure it's more of a strategic decision on their part. The inroads they've made with big finance are long and difficult. It's fairly easy, from a technical perspective, to build retail-oriented DeFi type stuff on top of the XRPL. From their perspective, they probably think they can catch up if they want to. But it's difficult for others to get to where Ripple is with their banking relationships.

Absolutely my thoughts on Ripple/XRP.  They have advanced and learnt on a very broad front, building a team and contacts along the way, and heaping up a a lot of money to fund their future.  The IPO is next.  To my eyes they are stronger and further ahead of the game than they have ever been.  A few weeks ago I went back to being 100% XRP and I think I will be rewarded in time.

[thinlyspread]

21 hours ago, brianwalden said:

Imagine if Ripple had helped fund one gateway in some jurisdiction with amenable regulations to be a gateway for ERC-20 tokens, and then later BEP-20, and other chains as they came about. You pay a fee when you use the gateway to bridge networks, but once you're on the XRPL you can trade to your heart's content with only a .000012 XRP transaction fee. The way DeFi works today, the gateway could actually pay you for holding their IOUs while they stake/farm/etc. the underlying coins and pay you a cut.

Even in 2021, it's hard to move coins across networks, but this is exactly what the XRPL is designed for. People don't use it for that because there's no good gateways. There's no good gateways because there's no one using the XRPL. Every other network has figured out they need to incentivize people to start using it until there's a big enough base to attract developers and businesses on it's own. Ripple built a great piece of technology and has just let it sit there abandoned for years, at least from the retail side of things.

You're preaching to the choir, man! 

I am pro XRP, pro Ripple, but have also been one of the hardest critics of Ripple's conduct over the years, this lack of gateway/XRPL support and "incentives" being absolutely key. I think it was a mixture of Silicon Valley know-it-all arrogance, hubris and greed, pesonally. They had a huge nest egg, they thought they could on the one hand take the XRP community for granted and on the other desperately need them for liquidity. Well that backfired, and for years the XRPL has been a graveyard.

That's what you get when you think you know better than every other project that's providing both a distribution method and incentives for adoption and network effects. 

Now, thanks to XRPL devs and the community at large not giving up, and finally Ripple listening to us, I think we might get some traction. But of course now they're embroiled in an *entirely predictable* SEC lawsuit some of us were warning about since 2014. 

I tell you what would be nice – some method of distributing a chunk of the escrows that provides liquidity on the DEX and rewards some holders too that emulates staking in some way. Maybe it could be done with hooks/sidechains/Flare?