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David Schwartz May 18
Replying to @BankXRP
Wow, $10 billion USD. I presume this is either funny money (the XRP Ledger will happily trade fake assets as well as real ones, just as you can create worthless ERC20 tokens) or some gateway funding their own wallet with their own IOUs.
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Shaf May 18
Replying to @JoelKatz @BankXRP
So its not real?
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David Schwartz
Because the XRP Ledger is permissionless, anyone can use it to exchange assets, whether or not they have real value, with anyone else who agrees to accept them. This asset probably had no real value.
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Balazs Feher May 18
I'm kindda confused, can u pls explain this: XRP ledger, Interledger Protocol, xRapid, so where is XRP actually a bridge currency and where is it irrelevant / has no real value? Hoping, that the adoption of ILP can raise XRP's value in the future might be false? Thanks.
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Shaf May 18
Replying to @JoelKatz @BankXRP
Thank you for the reply. On a side note, you Sir are a man of class. I hope you continue all the good work you do and not let all the fud thats been going on get to you. We the love you.
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chinazeppelin May 18
Mr. Schwartz - you always are fair and open minded to new ideas. What is your view on Ripple burning 20 billion XRP as its de-escrowed, in addition to selling XRP and investing in start-ups? I woke up and realised Ripple just owns way too much XRP.
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Kashta Tariq (Jay) May 18
You can not burn what's locked away from you
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Jpgt1 May 18
Hearing from JoelKats would be great, but for what its worth her is my layman’s explanation (I may be wrong or right with this): Any ledger can be connected to any other ledger over ILP. Allowing any ledger to ledger alteration to be made. /1
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Jpgt1 May 18
This can be used to exchange IOUs. When actual value is exchanged, pathfinding is used to find the best medium and route for that exchange. A liquid asset is needed and Xrp and its ecosystem (e.g market makers) is the positioning to be the best vehicle for the exchange. /2
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Jpgt1 May 18
The exchange will either succeed or not happen at all (atomic swap). It won't be left hanging with an error or partial swap. /3
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Michel A. Saade May 18
So in other words, when the XRP Smart contracts protocol gets released, anyone can use the XRP Ledger for just about any sort of transaction, whether releated to funds or not ?
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Jpgt1 May 19
have a look at this stream, and consider how xrp is great for streaming and micropayments over ILP.
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Crypto Rothbard May 19
Anything of value can be exchanged.
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Jpgt1 May 19
Your welcome. And just back to your earlied question, I don't think Xrapid uses the ILP - its software for banks etc. that interfaces with banks in the same way that xCurrent does but with the addition of Xrp on the XrpLedger.
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Cryptopolis XRP Oct 6
Sorry newbie here. When you say they are "funding with ... their own IOU's" - is that the same as an "Obligation" is see on some XRP wallets?
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B-TemtD - No EXCUSES Nov 24
Yes Correct just listen to the below interview - … This developer who developed already for XRP , doesnt work for ripple. His the creator of the XRP tip bot
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B-TemtD - No EXCUSES Nov 24
Its as permissionless as BTC just in a different way , in many ppls point of view much better than POW, cheaper faster, more decentralised … … This developer who developed already for XRP , doesn't work for ripple. His the creator of the XRP tip bot
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B-TemtD - No EXCUSES Nov 24
Its as permissionless as BTC just in a different way , in many ppls point of view much better than POW, cheaper faster, more decentralised … … This developer who developed already for XRP , doesn't work for ripple. the creator of the XRP tip bot. Listen!
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