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    Home Unlabelled Ripple Daily Ripple/XRP Discussion Thread 05/26/18 [Questions and Price Predictions]

    Ripple Daily Ripple/XRP Discussion Thread 05/26/18 [Questions and Price Predictions]

    May 26, 2018

    Ripple Daily Ripple/XRP Discussion Thread 05/26/18 [Questions and Price Predictions]

    Daily Ripple/XRP Discussion Thread 05/26/18 [Questions and Price Predictions]

    Posted: 26 May 2018 01:12 AM PDT

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

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    submitted by /u/AutoModerator
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    Mainstream Adoption of Blockchain Tech and Crypto Asset Investing

    Posted: 26 May 2018 06:54 AM PDT

    https://xrphodor.wordpress.com/2018/05/26/mainstream-adoption-of-blockchain-tech-and-crypto-asset-investing/

    Will crypto ever be considered mainstream? I discuss this - along with recent progress for both Ripple & xrp - in today's blog.

    Hope you enjoy & please leave any feedback below.

    Thank you & Sincerely, -Hodor

    submitted by /u/Hodor7777
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    Kuwait Finance House (KFH) joins RippleNet

    Posted: 26 May 2018 07:35 AM PDT

    Another addition. KFH is a bank that operates under Islamic Shari'a with around $55B in assets. I am assuming this announcement for xCurrent.

    https://twitter.com/KFHGroup/status/1000347465080541184

    News articles

    https://alqabas.com/540946/

    http://www.alanba.com.kw/ar/economy-news/835580/27-05-2018-%D8%A8%D9%8A%D8%AA%D9%83-%D8%A3%D9%88%D9%84-%D8%A8%D9%86%D9%83-%D9%83%D9%88%D9%8A%D8%AA%D9%8A-%D9%8A%D9%86%D8%B6%D9%85-%D8%A5%D9%84%D9%89-%D8%B4%D8%A8%D9%83%D8%A9-%D8%A7%D9%84%D8%B1%D9%8A%D8%A8%D9%84/

    Translation: Basically it says that KFH is the first Kuwaiti bank to join RippleNet to provide its customers cross-borders transactions with less fees and less errors.

    submitted by /u/Zuca1987
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    Those who use to pay attention to /r/rippled, notice the countdown is going again?

    Posted: 26 May 2018 08:57 PM PDT

    So I never closed the page that held the countdown that bg123 had set. I restarted my computer and the countdown site loaded again and it is ticking down again...

    http://itsalmo.st/#timetobattendownthehatches

    Might be nothing, or I could be a dummy and not understand how that site works?

    submitted by /u/deific_
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    IMF Deputy Managing Director Tao Zhang confirms: Central banks testing distributed ledger technology to make cross-border payments more efficient

    Posted: 26 May 2018 07:53 AM PDT

    On May 8th, The IMF (International Monetary Fund) Deputy Managing Director Tao Zhang hold a speech on Atlanta Federal Reserve Bank Conference.

    Topic: Digitization of Money and Finance: Challenges and Opportunities

    Full speech is available here: http://www.imf.org/en/news/articles/2018/05/08/sp050818-digitization-of-money-and-finance-challenges-and-opportunities

    He went through the folloging steps:

    • First, I will discuss how financial services may be transformed by the adoption of financial technology;

    • Second, I will examine how crypto-assets rise may pose challenges to financial integrity and stability;

    • Third, how central banks and regulators can mitigate potential stability risks without impeding innovation;

    • And finally, I will highlight the work the IMF is doing to help its 189 member countries address these challenges.

    He made references to useful services:

    "Some useful technology is being developed to improve market efficiency. For example, services have slashed from days to minutes the time it takes for cross-border payments to reach destinations. These include relatively small firms like BitPesa in Africa and BitOasis in the Middle East and such well-known companies as Western Union and Moneygram."

    He gives the answer on how regulators and central banks should respond?

    • First, regulators need to complement their focus on entities with increasing attention to activities. This responds to the reality that an increasingly diverse group of firms and market platforms are providing financial services.

    • Second, governance needs to be strengthened. Rules and standards will need to be developed to ensure the integrity of data, algorithms, and platforms—in other words, to ensure that they operate in a manner that does not expose consumers or the financial system to undue risk.

    • Third, policy options could be considered to support open networks, and licensing policies could be adjusted to help foster competition.

    • Fourth, legal principles need to be modernized. Maintaining trust in financial services may also require the development of new legal frameworks to clarify rights and obligations within the new financial landscape.

    They already begun!

    He confirms:

    "In fact, a group of central banks is actively experimenting with the use of digital currencies and distributed ledger technology with the aim of making cross-border payments more efficient."

    submitted by /u/The-Foundation
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    Problem with SWIFT - Ripple is the future

    Posted: 26 May 2018 01:29 AM PDT

    Can someone help me understand interledger?

    Posted: 26 May 2018 03:13 PM PDT

    I've read some articles and watched some videos, but I still don't really understand what it is, what are its advantages, and how it fits into Ripple's larger plan.

    submitted by /u/flossboss666
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    Question - Could FI's moving to Ripple be a blind attempt to control decentralisation?

    Posted: 26 May 2018 09:22 PM PDT

    It just occurred to me, I have no alliance to one coin or another, XRP is a large majority of my portfolio while I also have BTC, and then spread the rest in swing trading.

    My reasoning behind this is that the centralisation of other coins such as BTC is well underway, we all know that just 4 Chinese mining pools could get together and perform a 51% attack if they wanted to control bitcoin, even worse with ETH with just three pools.

    This led me to wonder what happens when the larger FI's using the XRP ledger become heavily trusted validators on the ILP. What is to stop them becoming a big boy's club in which they only decide to trust other big boys on the ledger?

    I've not questioned this before, and my tech knowledge of validators is limited, but what would happen if 60% of FI's running validator nodes decided they didn't want anything to do with the other 40%? Would it create some kind of fork in the ILP, or just create two separate networks that no longer want to deal with each other?

    I wonder what would happen if it got to the point of two massive groups of competitors decided to no longer trust each other and refuse to validate transactions of their competitors. Would this then remove all liquidity channels of the lesser competitor?

    submitted by /u/MsHappyGirl3rd
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    Ripple: Why Bitcoiners Hate It And Banks Work With It

    Posted: 25 May 2018 09:53 PM PDT

    Please help regarding old Reppex XRP wallet.

    Posted: 26 May 2018 12:48 AM PDT

    From my old USB, I found 2 text files, which seems to be the private key of XRP wallet.

    I recall that I used a desktop XRP wallet, which was downloaded from Rippex.net. Unfortunately, Rippex stops its service.

    Anyone knows how to use the text files to retrieve XRP?

    submitted by /u/honeysyd
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