Posts

Showing posts from 2017

How should a market maker (ILP connector) work?

Image
The MM (ILPconnector) will hold XRP.

The MM will buy any fiat currency with XRP if they need to pay in that currency, and it will sell any fiat currency for XRP if that currency is not immediately needed.

One argument against this is MM can hold USD.

I disagree. Because:
USD is inflationary, XRP is deflationaryXRP has some features which make it a better bridging currency on ILP:Autobridging https://ripple.com/dev-blog/introducing-offer-autobridging/Escrow https://ripple.com/build/amendments/#escrowXRP reduces cost, see this graph

Ripple FAQ

All the myths are debunked. All the concerns are addressed.

https://www.xrpchat.com/topic/6539-faqs-the-answers/

Ripple has significant amount of support from central banks

They have dealt and engaged with 38 regulators/central banks worldwide.

https://youtu.be/ac_1NRevZq0?t=5m57s

The real reason Bitcoin hates Ripple

#XRP - taking the fast lane?

Someone just published a paper which includes among other things a valuation model, which by very conservative assumptions would valuate XRP at $2.25 in 2-3 years.
Just published "#XRP - taking the fast lane?". Everyone talking Bitcoin. But smart money started to flow into $XRP. https://t.co/OcTjUYhGzf — Tplus0 (@TplusZero) June 12, 2017

You have to know these about ripple wallet and secret key

TL;DR:

It's possible to find out others' secret keys but it's so improbable that it's almost impossible. Make sure you have a good entropy source when generating your address/secret key.Use multi-sign https://ripple.com/build/how-to-multi-sign/
See the discussion here: https://www.xrpchat.com/topic/6054-questions-about-secret-keysripple-wallet-addresses/

Woohoo! rippled.xrp.ninja now a domain-verified ripple validator

My ripple validator still shown as unverified

https://xrpcharts.ripple.com/#/validators/nHBTqw7vwjqrSMruoQNYmSXcrBmQHDquG7jgvrsQpurGaVELqdNx

I will ping ripple again if it is still like this on Monday.

Why traditional investor and other cryptocurrency trader have not jumped on to the XRP bandwagon yet

XRP Ninja

So I haven't done Gentoo work for a long time and I am no longer a Gentoo dev. I haven't updated this blog for a long time. I plan to start posting again.

I have been playing with ripple/xrp for almost 3 years. I had a negative ROI for most part of the last 3 years. Things changed about 2 months ago. 
So I decided to contribute back somehow. I started with setting up a rippled server. I am running it on GCE. It's running as a validator. It has a domain name rippled.xrp.ninja. I just got the domain verified by ripple.com. So you will see it on https://xrpcharts.ripple.com/#/validators very soon.
I will post another blog about how I got it up running. Stay tuned.