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What happened to Vinnie?

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39 minutes ago, tommytrain said:

Regretting even more my decision to liquidate XRP holdings earlier this year to fund my artistic ambitions ... whoops.

Damn it @tommytrain... Is this still your wallet rGycqkMVubgZ4W3nXUSVPYsEjPLrFMUiyc ? (~Archilele)

Maybe you can do some work for @miguel in exchange for XRP.  Great past article by Kelleher: https://www.americanbanker.com/opinion/ripples-overlooked-path-to-decentralization

 

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1 hour ago, tommytrain said:

Regretting even more my decision to liquidate XRP holdings earlier this year to fund my artistic ambitions ... whoops.

Heartfelt commiserations. I once suffered privation for the sake of my 'art', so I know where you're coming from. Opportunity cost .... damn it.

You're a highly valued contributor here, as you were on XRPTalk, and I hope you can bear to drop in more often.

Cheers!

 

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9 hours ago, cap said:

"FatCat" four months ago:

Maybe you should trade your crystal ball for something that's actually valuable... like XRPs.

FatCat - well know XRPTroller and FUDer, I hope you are paid well for that FatCat!

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This again? Cash out your original buyin and freeroll the rest (it's a poker term). No one can predict he future but I'd bet that the crypto space continues to grow abd that XRP is a significant part of that future. 

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10 hours ago, tommytrain said:

Compare those costs to paying the license fee for RippleConnect to interface your systems using the rock solid RCL with institutionally prominent distributed and decentralized validators. I could see banks perhaps migrating away from RippleConnect by directly integrating their own DLT with ILP but at some point they will need to do business which would require fast liquid regulated forex service and XRP is designed to be the best option technologically for this express purpose. Not payments, not regulatory arbitrage, not energy intensive "security". One thing, done well.

RippleConnect is NOT XRP or RCL, it is pure ILP. RCL validators are not distributed and definitely not prominent...

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8 hours ago, tommytrain said:

Regretting even more my decision to liquidate XRP holdings earlier this year to fund my artistic ambitions ... whoops.

:(. The golden rule is: never sell your XRP unless with the revenue you can buy an island bigger than Dizer's island.

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18 hours ago, fatcat said:

Vinnie used to post here.  Did he just disappear?

Vinnie asked to delete his account. His posts are still visible as "Guest Vinnie." I believe he still posts on other crypto forums if you want to find him.

@tommytrain @rippledigital Nooooo!!!! Surf's up, dudes...

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18 hours ago, PunishmentOfLuxury said:

Heartfelt commiserations. I once suffered privation for the sake of my 'art', so I know where you're coming from. Opportunity cost .... damn it.

You're a highly valued contributor here, as you were on XRPTalk, and I hope you can bear to drop in more often.

Cheers!

 

I too suffered privation for my... er, art *shifty eyes*

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4 hours ago, JoelKatz said:

RippleConnect works with both RCL and ILP. RCL is an ILP connector.

We don't generally promote using any asset other than XRP on RCL anymore. We don't discourage it. If other people find that it meets their use cases, they should definitely use them. But we haven't found FIs that want that. The advantages of that configuration don't really apples to FIs and the disadvantages bother them.

When we first started, using XRP for much of anything was impossible. There just wasn't enough liquidity and volatility was way too high. We didn't have ILP yet, so we promoted using non-XRP assets on RCL. Some FI's liked that but most didn't. Their objections included being forced to transact on a public ledger, being forced to hold and use XRP, having to gateway between their own ledger and RCL, and so on. This didn't work very well as a way to get us to XRP bridging, which we already knew was what we wanted.

Enter ILP. This resolves all the FI's objections, still lets us sell them payment software, and still allows XRP to bridge any payment where it has sufficient liquidity to do so. So that's what we promote now.

I've explained already how we plan to transition from banks using RC/ILP without XRP to XRP bridging payments. The short version is to set it up so that the technical obstacles are solved and then target optimal corridors with XRP liquidity. Incentivizing low spreads will help encourage MMs to cut spreads as well.

One change is that FIs are generally more receptive to using crypto-currencies now.

 

Even though i dont understand much technicals, but still love the way u explained and got positive vibes for xrp's future.

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5 hours ago, JoelKatz said:

Enter ILP. This resolves all the FI's objections, still lets us sell them payment software, and still allows XRP to bridge any payment where it has sufficient liquidity to do so. So that's what we promote now.

I've explained already how we plan to transition from banks using RC/ILP without XRP to XRP bridging payments. The short version is to set it up so that the technical obstacles are solved and then target optimal corridors with XRP liquidity. Incentivizing low spreads will help encourage MMs to cut spreads as well.

While the technical part might be solved (though I have yet to see any kind of uptick in exchange or payment volume on RCL that hints towards bank adoption, if anything it has gone down compared to a year ago), what about legalities? Are FIs actually allowed to just use any random path that might include places like Poloniex or Bitstamp? How should banks vet the legal status of an ILP connector that just randomly comes online and offers a good rate? I don't see much potential in opening up a level playing field for competition through ILP compared to what RCL offers.

Using your internet analogy: Yes, everyone can offer to serve data on the internet, but banks will only allow their customers to receive data from other bank servers and if you offer to serve any data from outside of that walled garden, you're breaking ToSes and laws left and right.

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7 hours ago, JoelKatz said:

Enter ILP. This resolves all the FI's objections, still lets us sell them payment software, and still allows XRP to bridge any payment where it has sufficient liquidity to do so. So that's what we promote now.

Do you think forex or MM companies will (and can) trade against XRP? Can they become RCL connectors?

7 hours ago, JoelKatz said:

Incentivizing low spreads will help encourage MMs to cut spreads as well.

So my idea was right? Will the incentive be on ILP, for connectors between RCL and other ledgers?

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