Topic: [XRP] Ripple Speculation - page 64. (Read 637272 times)
Did anybody see the SWITCH feature on ILP?
This is beyond NICE!
https://github.com/kava-labs/switch
Swap BTC, ETH, XRP in seconds. Keep your private keys private.
This is beyond NICE!
https://github.com/kava-labs/switch
Swap BTC, ETH, XRP in seconds. Keep your private keys private.
It's pretty cool indeed and quite safe by what im reading in there, definitely worth usong if there is enough liquidity
Quote
When trading between assets, Switch will first send a very small amount of the source asset, the equivalent of $0.10, to the exchange party known as the connector. Then, the connector sends some amount of the destination asset. If the connector upholds its side of the bargain and the exchange rate it provides is decent, we repeat the process. And again. And again; many times per second.
This is the model of streaming micropayments: moving value bit-by-bit until the entire payment or trade is complete.
This is the model of streaming micropayments: moving value bit-by-bit until the entire payment or trade is complete.
--snip
Yeah XRP is still keep its position, 3rd place in the market. Although the price is still low comparing to January 2018, when the price reached around $3.2. But i think XRP still favorable in the market.
Yeah XRP is still keep its position, 3rd place in the market. Although the price is still low comparing to January 2018, when the price reached around $3.2. But i think XRP still favorable in the market.
Maintaining its place in the 3rd rank is one hell of a marketing, you gotta give credit to the people behind it for doing so. Price never goes up, don't shoot to the moon often but the market is alive. The coin isn't a profitable investment for small time traders but its good to send this coin to save from fees.
There were no updates to the projects behind like the SWELL, ever heard new announcement?
I love that this thread is still active!
Even Bae evolved trough time. Nice to see you actively engaging in arguments instead of fartin 'ryppel premine' nonsense and other dumb stuff.
Have a nice day guys, and don't forget to buy XRP
Even Bae evolved trough time. Nice to see you actively engaging in arguments instead of fartin 'ryppel premine' nonsense and other dumb stuff.
Have a nice day guys, and don't forget to buy XRP
XRP is still floating around the $0.40 mark - an excellent investment. People should consider adding it to their portfolio in high quantities.
Yeah XRP is still keep its position, 3rd place in the market. Although the price is still low comparing to January 2018, when the price reached around $3.2. But i think XRP still favorable in the market.
Did anybody see the SWITCH feature on ILP?
This is beyond NICE!
https://github.com/kava-labs/switch
Swap BTC, ETH, XRP in seconds. Keep your private keys private.
This is beyond NICE!
https://github.com/kava-labs/switch
Swap BTC, ETH, XRP in seconds. Keep your private keys private.
Riley Q
Blog Location: https://coil.com/p/Hodor/Riley-Q/ACFzzflGA
Ready for smooth, rich music? Click the link to read about Riley Q, the first musician on Coil!
I hope you enjoy the read!
Thanks & Sincerely,
-Hodor
On Twitter: https://twitter.com/Hodor/status/1131530147755110401
it's quite interesting, Coil is starting to get traction perhaps? i haven't tried it myself as it looks i bit of a work to set up everything but maybe one of these days i'll put my hand on it
Riley Q
Blog Location: https://coil.com/p/Hodor/Riley-Q/ACFzzflGA
Ready for smooth, rich music? Click the link to read about Riley Q, the first musician on Coil!
I hope you enjoy the read!
Thanks & Sincerely,
-Hodor
On Twitter: https://twitter.com/Hodor/status/1131530147755110401
I love that this thread is still active!
Even Bae evolved trough time. Nice to see you actively engaging in arguments instead of fartin 'ryppel premine' nonsense and other dumb stuff.
Have a nice day guys, and don't forget to buy XRP
Even Bae evolved trough time. Nice to see you actively engaging in arguments instead of fartin 'ryppel premine' nonsense and other dumb stuff.
Have a nice day guys, and don't forget to buy XRP
I luv u 2
This is a smart contract and it's a monthly procedure we all (should) know about.
Did you know that Bitcoin's monthly inflation is also 0.30% ?
The difference is that,
1) XRP is given to the development company through a smart contract and then they use it to promote their software (which in the end will also benefit XRP holders). The XRP price is not directly affected because they don't exchange their coins in public exchanges but privately OTC. This could be viewed as a centralisation of the rewards, but at least their goals align with their investors. If XRP rise, both them and XRP holders will benefit. If it drops, they stand to lose a lot as well.
2) Bitcoin is distributing the new coins in a similar rate through mining. This might seem a decentralized reward system, but most of these coins are going to farms (therefore rich people are getting richer).
Neither system is perfect, but personally I prefer Ripple's distribution system for the long term.
I'm afraid of what will happen when the BTC block rewards get reduced so much that the big miners will stand to gain more by the using the equipment they own to attack the network rather than support it.
At least there's no such fear in XRP.
Did you know that Bitcoin's monthly inflation is also 0.30% ?
The difference is that,
1) XRP is given to the development company through a smart contract and then they use it to promote their software (which in the end will also benefit XRP holders). The XRP price is not directly affected because they don't exchange their coins in public exchanges but privately OTC. This could be viewed as a centralisation of the rewards, but at least their goals align with their investors. If XRP rise, both them and XRP holders will benefit. If it drops, they stand to lose a lot as well.
2) Bitcoin is distributing the new coins in a similar rate through mining. This might seem a decentralized reward system, but most of these coins are going to farms (therefore rich people are getting richer).
Neither system is perfect, but personally I prefer Ripple's distribution system for the long term.
I'm afraid of what will happen when the BTC block rewards get reduced so much that the big miners will stand to gain more by the using the equipment they own to attack the network rather than support it.
At least there's no such fear in XRP.
Excellent post, very well thought out.
As you mentioned, in reality the 51% attack is something Ripple network does not need to worry about.
I do not compare XRP to BTC because XRP and Ripple network have actual functions which can be used in day to day fintech world where as Bitcoin does not.
Bitcoin usage is increasing mostly as a base unit for all other crypto and in ecommerce checkouts as a method of payment and that is great thing because our community needs it.
Depends mainly if the devs are going to load another bulk of their tokens to make more bucks for the company as usual. Issuances into uptrends can go unnoticed due to FOMO and other ongoing events while it's much more difficult to do the same during a sideways phase of the market. I'm sure they know about it.
Devs can't "load another bulk of their tokens", do more research about the topic before posting
The devs can load another bulk of their tokens because it's part of their concept. Last time, they did it only a few weeks ago: https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/
Do more research about the shitcoin before investing.
OK, so its not that you didn't do research, its just that you didn't understand what you found, lol
Quote
In its recent Q1 report, Ripple outlined that it sold approximately $169.42 million in XRP in Q1 of 2019, and that its sales accounted for 0.32 percent of the global XRP volume.
https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/This is a smart contract and it's a monthly procedure we all (should) know about.
Did you know that Bitcoin's monthly inflation is also 0.30% ?
The difference is that,
1) XRP is given to the development company through a smart contract and then they use it to promote their software (which in the end will also benefit XRP holders). The XRP price is not directly affected because they don't exchange their coins in public exchanges but privately OTC. This could be viewed as a centralisation of the rewards, but at least their goals align with their investors. If XRP rise, both them and XRP holders will benefit. If it drops, they stand to lose a lot as well.
2) Bitcoin is distributing the new coins in a similar rate through mining. This might seem a decentralized reward system, but most of these coins are going to farms (therefore rich people are getting richer).
Neither system is perfect, but personally I prefer Ripple's distribution system for the long term.
I'm afraid of what will happen when the BTC block rewards get reduced so much that the big miners will stand to gain more by the using the equipment they own to attack the network rather than support it.
At least there's no such fear in XRP.
Depends mainly if the devs are going to load another bulk of their tokens to make more bucks for the company as usual. Issuances into uptrends can go unnoticed due to FOMO and other ongoing events while it's much more difficult to do the same during a sideways phase of the market. I'm sure they know about it.
Devs can't "load another bulk of their tokens", do more research about the topic before posting
The devs can load another bulk of their tokens because it's part of their concept. Last time, they did it only a few weeks ago: https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/
Do more research about the shitcoin before investing.
OK, so its not that you didn't do research, its just that you didn't understand what you found, lol
Quote
In its recent Q1 report, Ripple outlined that it sold approximately $169.42 million in XRP in Q1 of 2019, and that its sales accounted for 0.32 percent of the global XRP volume.
https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/Thing seem stable and very good for the future as far as XRP is concerned.
Depends mainly if the devs are going to load another bulk of their tokens to make more bucks for the company as usual. Issuances into uptrends can go unnoticed due to FOMO and other ongoing events while it's much more difficult to do the same during a sideways phase of the market. I'm sure they know about it.
Devs can't "load another bulk of their tokens", do more research about the topic before posting
The devs can load another bulk of their tokens because it's part of their concept. Last time, they did it only a few weeks ago: https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/
Do more research about the shitcoin before investing.
OK, so its not that you didn't do research, its just that you didn't understand what you found, lol
Quote
In its recent Q1 report, Ripple outlined that it sold approximately $169.42 million in XRP in Q1 of 2019, and that its sales accounted for 0.32 percent of the global XRP volume.
https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/Thats peanuts...they could sell up to 1 billion per month? So?
By see ya, i will have my time 
You keep saying that since 2015 at least...meanwhile, wise people did 5000X return on XRP and already HAD THEIR TIME, and will
laugh at you even when (and if) you have your time, lol
......
If you just sent from a to b what you need a xrp node for, its totally useless.
Anyway not my problem, if you do run a node, highly recommended to seek proper legal advise.
By see ya, i will have my time
Depends mainly if the devs are going to load another bulk of their tokens to make more bucks for the company as usual. Issuances into uptrends can go unnoticed due to FOMO and other ongoing events while it's much more difficult to do the same during a sideways phase of the market. I'm sure they know about it.
Devs can't "load another bulk of their tokens", do more research about the topic before posting
The devs can load another bulk of their tokens because it's part of their concept. Last time, they did it only a few weeks ago: https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/
Do more research about the shitcoin before investing.
OK, so its not that you didn't do research, its just that you didn't understand what you found, lol
Quote
In its recent Q1 report, Ripple outlined that it sold approximately $169.42 million in XRP in Q1 of 2019, and that its sales accounted for 0.32 percent of the global XRP volume.
https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/I love that this thread is still active!
Even Bae evolved trough time. Nice to see you actively engaging in arguments instead of fartin 'ryppel premine' nonsense and other dumb stuff.
Have a nice day guys, and don't forget to buy XRP
Even Bae evolved trough time. Nice to see you actively engaging in arguments instead of fartin 'ryppel premine' nonsense and other dumb stuff.
Have a nice day guys, and don't forget to buy XRP
XRP is still floating around the $0.40 mark - an excellent investment. People should consider adding it to their portfolio in high quantities.
Yeah, but for me, I will not focus on XRP only.
It was the most profitable coin in 2017, so this might be overvalued that time, and I am also thinking that
this coin now is just holding it's correct value or a little lower, but not so undervalued like other coins.
As long as you run a validator and only validate your own transaction you are not a money transmitter but you also have to keep record for every transaction for 25 years as by law.
The moment you touch anyone else's money (validate ) you come a money transmitter and must have license.
If only Ripple would validate, it's central banking.
The moment you touch anyone else's money (validate ) you come a money transmitter and must have license.
If only Ripple would validate, it's central banking.
I read through a big document and wrote to you a wall of text in order to explain what you were misunderstanding, thinking that there's a chance you're not troll but a misinformed person, but I guess I was wrong.
You don't seem to understand very simple English and you deny established and public facts (eg: Ripple isn't running all the nodes).
Money Transmitter is someone who is holding digital assets for at least a moment and then resells or exchanges it for someone else. Have you ever seen a simple XRP transaction in the blockchain?
When wallet A sends to wallet B, then the transactions goes like this: A -> B, not A -> NODE -> B
When I wrote about the miners, I wasn't talking about a miner confirming the transaction other users are sending, that's does not classify them as transmitters.
Since they receive block rewards though, if they exchange those rewards then they might be considered transmitters. It's not very clear how it works for mining but this discussion would belong to the Bitcoin section. As far as XRP and Ripple is concerned, running a node doesn't require any license.
Just read my post again and please stop spreading lies.
All saved on Bolchchain, 2020 will be an interesting year.
https://bico.media/1f8e0c5f47b470f3df0f06f3d2939adccc1f2b7dafa0b4a32a69663cda2c6760.pdf
SEC ruling that node operators must have money transmitter license (cost 6 figure sum) and comply with AML/KYC and also every user must scan ID.
https://bico.media/1f8e0c5f47b470f3df0f06f3d2939adccc1f2b7dafa0b4a32a69663cda2c6760.pdf
SEC ruling that node operators must have money transmitter license (cost 6 figure sum) and comply with AML/KYC and also every user must scan ID.
1) This looks like an explanation of existing rules, not a new law. I spent some time reading it and it just explains to not-crypto-related people many things we're already familiar with.
1st page, 2nd paragraph,
Quote
This guidance does not establish any new regulatory expectations or requirements.
Rather, it consolidates current FinCEN regulations, and related administrative rulings
and guidance issued since 2011, and then applies these rules and interpretations to
other common business models involving CVC engaging in the same underlying
patterns of activity.
2) This is from "Bank Secrecy Act", it's only affecting US. All US based cryptocurrency projects already require KYC from their customers, this is nothing new nor related to XRP only.Rather, it consolidates current FinCEN regulations, and related administrative rulings
and guidance issued since 2011, and then applies these rules and interpretations to
other common business models involving CVC engaging in the same underlying
patterns of activity.
3) You make it sound like it's something terrible, but a company needing a license isn't that big of a deal. You probably didn't realise this, but this document you linked would be more damaging for Bitcoin and it'd probably wouldn't affect XRP at all.
Let me explain (3),
In page 9 of this document, it is stated that FinCEN regulations, specify certain activities are excluded from the definition of “money transmitter.”
Specifically, a person is not a money transmitter if that person only: provides the delivery, communication, or network access services used by a money transmitter to support money transmission services;
From the above quote we understand that XRP nodes wouldn't be affected by this even if it was something new, they do not received a mining/staking reward for their services... even though I believe getting an extra licence and being reviewed by one more agency isn't a catastrophe.
Now read pages 20-21, section 4.5.2 which talks mainly about anonymity-enhanced coins, but the same principal should apply to BTC as well. Quoting paragraph (C), note that CVC = Convertible Virtual Currencies
Quote
a person that develops a decentralized CVC payment system will become a
money transmitter if that person also engages as a business in the acceptance
and transmission of value denominated in the CVC it developed (even if the
CVC value was mined at an earlier date). The person would not be a money
transmitter if that person uses the CVC it mined to pay for goods and services on
his or her own behalf.
From what I understand from the above paragraph and the rest of the document, being a node doesn't qualify you as a "money transmitter". Ripple Labs themselves should still be qualified as "money transmitters" since they're selling XRP to companies, but this is nothing new and it hasn't stopped them from doing their business.money transmitter if that person also engages as a business in the acceptance
and transmission of value denominated in the CVC it developed (even if the
CVC value was mined at an earlier date). The person would not be a money
transmitter if that person uses the CVC it mined to pay for goods and services on
his or her own behalf.
It makes me wonder though, how are Bitcoin miners viewed under this law? The moment they sell their coins to another entity, they are considered "money transmitters" and the obligations mentioned in section 2.1 should apply to them.
I'd like to see how an average person who is mining Bitcoin will operate within the law!
I love that this thread is still active!
Even Bae evolved trough time. Nice to see you actively engaging in arguments instead of fartin 'ryppel premine' nonsense and other dumb stuff.
Have a nice day guys, and don't forget to buy XRP
Even Bae evolved trough time. Nice to see you actively engaging in arguments instead of fartin 'ryppel premine' nonsense and other dumb stuff.
Have a nice day guys, and don't forget to buy XRP
XRP is still floating around the $0.40 mark - an excellent investment. People should consider adding it to their portfolio in high quantities.
I love that this thread is still active!
Even Bae evolved trough time. Nice to see you actively engaging in arguments instead of fartin 'ryppel premine' nonsense and other dumb stuff.
Have a nice day guys, and don't forget to buy XRP
Even Bae evolved trough time. Nice to see you actively engaging in arguments instead of fartin 'ryppel premine' nonsense and other dumb stuff.
Have a nice day guys, and don't forget to buy XRP
Whaaaat, Ripple runs all notes. Full centralization confirmed.
Every note operator must get license. (Currently about 130 active)
On top of that Ripple most likely will be classified a Security (which it is) anyway.
Ripple is only interested to get money for nothing for as long as possible.
Every note operator must get license. (Currently about 130 active)
On top of that Ripple most likely will be classified a Security (which it is) anyway.
Ripple is only interested to get money for nothing for as long as possible.
i was trying to have a normal conversation but then you started going off on a tangent.
ripple is not running all the nodes:
https://minivalist.cinn.app/
https://xrpcharts.ripple.com/#/validators
That user obviously has no idea what he is talking about.
XRP is a great investment and Ripple network has a lot of potential.
As long as you run a validator and only validate your own transaction you are not a money transmitter but you also have to keep record for every transaction for 25 years as by law.
The moment you touch anyone else's money (validate ) you come a money transmitter and must have license.
If only Ripple would validate, it's central banking.
The moment you touch anyone else's money (validate ) you come a money transmitter and must have license.
If only Ripple would validate, it's central banking.
So (by your definition) all BTC miners are money transmitters and f...d up soon?
BTC will die because of SEC?
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