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    Friday, August 31, 2018

    Ripple Daily Ripple/XRP Discussion Thread 09/01/18 [Questions and Price Predictions]

    Ripple Daily Ripple/XRP Discussion Thread 09/01/18 [Questions and Price Predictions]


    Daily Ripple/XRP Discussion Thread 09/01/18 [Questions and Price Predictions]

    Posted: 31 Aug 2018 09:08 PM PDT

    Hello! It's Saturday. Welcome to our daily discussion thread.

    You can discuss anything related to Ripple and XRP here.

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    submitted by /u/AutoModerator
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    HSBC is going live with a platform - Using a Digital Asset

    Posted: 31 Aug 2018 07:35 AM PDT

    Square Patent - Bitcoin, Ripple, etc

    Posted: 31 Aug 2018 04:49 AM PDT

    Hi guys, what do you think about Square winning the patent for cryptocurrency payment network? How does this work for XRP? Any thoughts on what is to come?
    Article for reference:
    https://www.ccn.com/bitcoin-accepted-everywhere-square-wins-patent-for-cryptocurrency-payment-network/

    submitted by /u/Dynam8islate
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    Help needed to fix german Wikipedia

    Posted: 31 Aug 2018 05:32 AM PDT

    German Wikipedia does quote as a valid risk of using Ripple tech would be that one could trust two different participants and in a way you could lose your xrp on your wallet...

    https://forum.ripple.com/viewtopic.php?f=5&t=3334

    This is all old stuff from 2013. Can this concern be debunked somehow? Germans really trust Wikipedia a lot. This concern might keep some investors from buying in...

    Thanks for your help!

    submitted by /u/rfrenzel1
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    Technical question about xRapid

    Posted: 31 Aug 2018 12:31 AM PDT

    EDIT: Hi guys, I'd love if you could also reply with your thoughts instead of just downvoting this post for no discernible reason. Thanks.

    When financial institutions (e.g. banks) use xCurrent to settle funds, they do it "atomically":

    • Bank A escrows fiat with a connector, redeemable with the signature from bank B
    • Connector escrows fiat with bank B, redeemable with the signature from bank B
    • Bank B reveals signature to the connector and redeems fiat
    • Connector reveals signature to bank A and redeems fiat

    If bank B does not reveal its signature, nothing is redeemed and eventually the escrows time out.

    I know xRapid still isn't out, so there's limited information, but would it also work in a similar fashion? For example:

    • Bank A escrows fiat with exchange A, redeemable with the signature from bank B
    • Exchange A escrows XRP with exchange B, redeemable with the signature from bank B (xRapid)
    • Exchange B escrows fiat with bank B, redeemable with the signature from bank B
    • Bank B reveals signature to exchange B and redeems fiat
    • Exchange B reveals signature to exchange A, redeems XRP, and market sells for fiat (xRapid)
    • Exchange A reveals signature to bank A, redeems fiat, and market buys for XRP

    That sounds like the logical approach, as this nullifies the market risk of the transaction, but it would also mean that both exchanges would need to have a lot of extra XRP and fiat to account for the reverse ordering of transactions.

    Could someone point me to an interview, article or thread where this is discussed?

    submitted by /u/ViaLogica
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