• Breaking News

    Thursday, December 28, 2017

    Home Unlabelled Ripple Daily Ripple/XRP Discussion Thread 12/28/17

    Ripple Daily Ripple/XRP Discussion Thread 12/28/17

    December 28, 2017

    Ripple Daily Ripple/XRP Discussion Thread 12/28/17

    Daily Ripple/XRP Discussion Thread 12/28/17

    Posted: 28 Dec 2017 12:10 AM PST

    Hello! It's Thursday. Welcome to our daily discussion thread. Put your commentary in here.

    We'll probably add more to the body of these threads, but for now, just go read the rules: https://www.reddit.com/r/Ripple/wiki/rules

    Also, make sure to report any comments or posts that don't follow the rules!

    If you would like to have more discussions with Ripple supporters, please feel free to join our social channels

    Telegram

    Discord, and some features in our Discord:

    • Tweets from ripple official, staff, community contributors and many more;

    • Real time XRP price update every 2 min

    • Multi-language chat rooms for Ripple supporters all over the world

    The invitation link - https://discord.gg/qgfVERN

    One aspect of our subreddit is clear transparency. If you ever feel like a moderator is abusing their position of power please review their actions in our public mod logs here. Make a modmail if you discover any issues or mods overstepping their roles.

    submitted by /u/AutoModerator
    [link] [comments]

    100k Readers on Ripple ! WO WOOO

    Posted: 28 Dec 2017 09:07 AM PST

    Friends now asking me about Ripple instead of Bitcoin

    Posted: 28 Dec 2017 06:18 PM PST

    Very interesting change of tone these last few months... I'm one of the "crypto" guys in my community and have often been asked about Bitcoin - people have began asking me more about Ripple recently which is fascinating. Some of these traditional investors are very comfortable and attracted to the idea of investing in XRP long term vs. Bitcoin. They really like that Ripple/XRP has a strong use case and potential to add major value to the financial system accompanied with the fact that it's being directed by super talented team of individuals. Nothing against Bitcoin at all but it's interesting to see Ripple start to click in peoples heads while they still struggle to understand the role Bitcoin plays in the future.

    submitted by /u/liquidkace
    [link] [comments]

    David Schwartz, Ripple's lead cryptographer, hints that XRP is the next Ethereum. We're mooning, boys.

    Posted: 28 Dec 2017 05:08 PM PST

    Someone believes Ripple is going to the moon!

    Posted: 28 Dec 2017 07:27 PM PST

    This purchase of 900,000,000 Ripple from December 15, 2017 only cost 0.000012 in transaction fees!

    Posted: 28 Dec 2017 05:47 PM PST

    History in the making

    Posted: 28 Dec 2017 08:45 AM PST

    Beginner's Guide to XRP Wallets

    Posted: 28 Dec 2017 02:11 PM PST

    This subreddit has gotten an influx of wallet questions lately, so I thought I'd type up a quick beginners guide to Ripple Wallets.

    Disclaimer: I am by no means an expert on the subject so do your own research and question everything, including the contents of this post. If you see clear errors on this post then please inform me via PM or in the comments, and I will make the necessary edits. This guide is for illustrative purposes only and I am in no way accountable for how you use this information.

    What is a Ripple Wallet?

    What a Ripple Wallet basically boils down to is two lines of text, a wallet address and a secret key. These two randomly generated lines of text are all you need in order to have a Ripple Wallet and make transactions on the XRP Blockchain. A ripple wallet can be generated in different ways, in general they are created by what ever wallet solution you end up using.

    Before a Ripple wallet can be used it must be activated, activation happens when 20XRP is deposited into the wallet address. That 20XRP will, until further notice, be kept in the wallet as a reserve, there is currently no way of getting that 20XRP out. However, the reserve used to 50XRP and will be adjusted in accordance to the value of XRP. The reserve is there to stop hackers from creating multiple wallets and spamming the network with malicious intent. For this reason you should try to avoid creating multiple wallets and instead import existing wallets if you're trying out different wallet apps.

    What is a Wallet Address?

    A wallet address is a unique identifier on the XRP ledger. What the XRP ledger is constantly doing is keeping a track of the contents of these addresses. When a transaction is made, the ledger simply reduces funds from one address and increases funds to the receiving address.

    You can check out this random address on a ripple explorer. Feel free to test your own wallet out on it, if you don't find it trustworthy you can always use Ripple's own explorer.

    A Wallet Address is public and sharing it online shouldn't be a problem, however, limiting your exposure online should always be a top priority and sharing a wallet address with significant funds on it is not a good idea if it can be tied to you or your online presence in anyway.

    What is a Secret Key?

    Think of your Secret Key as a password and signature. When transferring funds from your Ripple Wallet, the XRP Ledger will require proof of ownership before allowing funds to be reduced from the wallet. This is where the Secret Key comes in.

    Your secret key can never be changed or customised. If someone has your Secret Key and your Wallet Address your funds can be emptied in an irreversible way.

    Keep your Secret Key safe. If you are going to print it, make sure you keep it in a safe place and that the key doesn't imply its purpose in any way (ie. no mentions of ripple or XRP on it). Don't store it in plain text files on your PC, at the very least open it in Word and save the file as encrypted with a strong password. For more advanced encryption solutions, do a bit of googleing and find an appropriate solution, such as a FIPS approved encrypted USB drive.

    What wallet should I use?

    That all depends on what you plan to do with your XRP and how security oriented you are. I wont delve into specific applications on this post, I will simply talk about the 3 main wallet types:

    • Software wallet:

      This is the most common type of wallet. It is basically a program on your device (PC, phone, tab..) that holds your wallet address and secret key. This program does the grunt work and communication with the blockchain.

    • Hardware wallet:

      A hardware wallet in essence is a hardware encrypted flash storage device. The wallet address and secret key are encrypted in the device. They still require a software solution on a computer to do the communication with the ledger, however, the secret key is not stored on the computer.

    • Cold Storage:

      The most popular form of this is a Paper Wallet. As we learned earlier, all we need to have control of a wallet are the wallet address and secret key. In essence, a paper wallet is simply these two lines of text (with or without a QR code for quick import).
      For a more secure approach, these wallets can be generated in an offline environment. Check out this great
      post       by u/pepperew for a guide to creating one.

    How does a transaction happen?

    To keep things simple (mainly because I'm simple), a transaction is basically funds being reduced from one address and increased in another. If you have sent or received XRP, you can find a TXID (Transaction ID) and delve deeper into it using Ripple's Transaction Viewer

    Below is an example of one such transaction where 1300XRP was sent across the XRP blockchain:

    DESCRIPTION: This is a Payment transaction. The payment is from rDsbeomae4FXwgQTJp9Rs64Qg9vDiTCdBv to rff1kQZNA4Y1KQzxCcuo2LFrFrvbDrGDK4. It was instructed to deliver 1,300 XRP. TRANSACTION COST: Sending this transaction consumed 0.06 XRP. AFFECTED LEDGER NODES: It affected 2 nodes in the ledger: MODIFIED NODES: It modified the AccountRoot node of rff1kQZNA4Y1KQzxCcuo2LFrFrvbDrGDK4 Balance increased by 1,300 from 2,400 to 3,700 XRP It modified the AccountRoot node of rDsbeomae4FXwgQTJp9Rs64Qg9vDiTCdBv Balance reduced by 1,300.06 from 4,806,296.382347 to 4,804,996.322347 XRP

    Should I keep my holdings on an exchange?

    In general, a good rule of thumb is to only keep what you need for daily trading on an exchange. Your holdings on an exchange are on so called hosted wallets. While the XRP is held in the exchange's wallet, the amount you have on your exchange is there and designated to you. When you transfer funds into an exchange you will see a wallet address and a deposit tag, that deposit tag is your unique identifier.

    When holding funds in an exchange, what you basically have is an IOU (I owe you) from the exchange, which on a normal day to day basis is good and valid. However, were the exchange to be hacked and have their wallets emptied, you would be left with nothing. Also, were the exchange to simply go bankrupt, you would also be shit out of luck.

    When considering making your own wallet, remember that it will need to be activated with 20XRP and there's no way of getting that reserve out, you may want to think about taking the risk on an exchange if you don't have significant holdings.

    Here's a link to Kraken's wallet.

    Please browse the sidebar for specific wallet applications, you can also ask questions on here and I'm sure the fine users of this subreddit will be happy to help.

    submitted by /u/Haider254
    [link] [comments]

    Ripple CEO Brad Garlinghouse was Amazing on CNBC & Bloomberg Financial Shows - Full Interviews

    Posted: 28 Dec 2017 11:42 AM PST

    Ripple Hits $1.50 on Tieup With Japanese Credit Card Companies

    Posted: 28 Dec 2017 06:50 PM PST

    Ripple Goes Up Replacing Bitcoin Cash From the List of TOP 3 Cryptocurrencies

    Posted: 28 Dec 2017 01:56 AM PST

    Still trying to get over this learning curve! Who else missed getting in early due to slow verification?

    Posted: 28 Dec 2017 06:33 PM PST

    Well, when I first started learning about Ripple, which I'll admit, wasn't all that long ago, I decided right away that it was a worthy investment.

    It was at $0.23 USD. The next day I started doing what I could to buy in; only to find that it wasn't so easy. Trying to get verified on this site, then that one, etc. I'm still waiting after weeks to hear from several due to their backlogs.

    So, by the time I figured out the whole Coinbase -> Binance exchange thing, it was now at $0.86. I was angry! I could only get a small purchase in from my credit card, as the Litecoin I purchased through my bank account was going to take 5 days. Fast-forward, I was able to buy a large sum at $0.89 RIGHT before it began this climb over the past week.

    However, I'm still waiting on more funds to clear (takes forever) and still cannot get verified by Bitstamp and the price is currently at $1.32!! Exciting and frustrating all at once. Had I been able to do a quick transaction when it was valued at a quarter, I would be much better off. What a stressful thing to watch the numbers climb, all the while sitting on the sidelines!

    Oh well, live and learn. I will buy more at the next dip (which I doubt will be very low) and hang on for the ride. In the meantime, I've learned a LOT from watching quality youtube videos, reading on Reddit, and skimming through blogs and news articles. At least I now have a decent understanding of what the heck I'm buying!

    I'm sure others have a similar story to share...

    submitted by /u/Goofynick6
    [link] [comments]

    SCEXCHANGE

    Posted: 28 Dec 2017 02:34 PM PST

    Ripple Just Hit 50baht in Thailand

    Posted: 28 Dec 2017 08:16 PM PST

    https://imgur.com/a/xXEJu Im in the fortunate position that Ripple is easy to buy here no need to buy BTC and exchange. Its just Baht for XRP.
    So being as it was an easy one to buy i thought i would buy in and have keenly been watching it rise.
    Today its just hit the 50baht mark and looks like its going to the Moon. Thanks to this forum for all th advice and positive vibes it gives out.

    submitted by /u/realitysucksVRrules
    [link] [comments]

    And we just hit another milestone...what an achievement!!

    Posted: 28 Dec 2017 09:07 AM PST

    Ripple (XRP) Is Heading North In 2018

    Posted: 28 Dec 2017 12:40 PM PST

    Found this in the lobby of a hotel in Chicago and thought of you guys. It's a sign! Also congrats on your recent successes!!

    Posted: 28 Dec 2017 09:16 AM PST

    Bitcoin falls due to new South Korean regulations; Ripple surges

    Posted: 28 Dec 2017 04:23 PM PST

    The most interesting section of the Brad Garlinghouse interviews on CNBC and Bloomberg.

    Posted: 28 Dec 2017 06:05 PM PST

    He mentions the nostro/vostro accounts that banks have with other banks around the world to settle global liquidity. According to Brad there are 27 trillion dollars sitting in these accounts. Imagine if Ripple captures part of that 27 Trillion for international payments....

    Here is the FULL Bloomberg appearance from TV yesterday. They edited the part out about the nostra/vostra accounts on the Bloomberg website.

    submitted by /u/TP43
    [link] [comments]

    Ripple contrasted positively against Bitcoin on reputable Australian news network (ABC News) - Starts at 9:03

    Posted: 28 Dec 2017 04:35 AM PST

    Ripple Withstands Negative Regulation Impact

    Posted: 28 Dec 2017 06:58 PM PST

    credit card consortium raises ripple

    Posted: 28 Dec 2017 04:26 AM PST

    1 XRP = 1 GBP!

    Posted: 28 Dec 2017 08:53 AM PST

    Ripple adoption, doing my part.

    Posted: 28 Dec 2017 02:41 PM PST

    I have now walked 16 people from my office through the steps of buying Ripple. One is a director level all the way down to an inventory associate. Spread the word anyone can invest right now and potentially change their life in a few years as long as they hold. I'm not telling anyone it's a sure thing but keep pointing them to here on Reddit and other places for info.

    submitted by /u/Lumis1985
    [link] [comments]

    An Open Letter to Medium & Ripple

    Posted: 28 Dec 2017 08:52 PM PST

    Hi All,

    This is my first time posting in r/Ripple, but I just wrote something I wanted to share with the community. It was something I just pieced together since I don't think I'll have the time to write this when the break is over so sorry for typos.

    https://medium.com/@rotimi_/an-open-letter-to-medium-ripple-f989a201d050

    If anyone knows Brad Garlinghouse or Ev Williams please show this to them :), I know the community would benefit if ideas like these are being worked on in the background.

    submitted by /u/mdluffy113
    [link] [comments]

    Back in the good old days

    Posted: 28 Dec 2017 09:27 PM PST
    Read more
    at

    No comments:

    Post a Comment