5 ms·

Just a note that Ripple and Mt. Gox founder Jed McCaleb left the Ripple project to form Stellar Lumens which is technologically superior and I expect XLM to sur

Just a note that Ripple and Mt. Gox founder Jed McCaleb left the Ripple project to form Stellar Lumens which is technologically superior and I expect XLM to surpass XRP in the "cheap transactions and marketable to banks" space.

hanklazard 9y ago
Interesting, I’ll check it out. My question remains though, and here it is in another form: is there a compelling reason for banks to use a public blockchain rather than just use their own private network? I can’t figure out why they would use a cryptocoin-incentivized public blockchain, but maybe I just haven’t thought about it enough. Anyone have a good answer to this?
- Impuni 9y ago
  In the case of Ripple, it’s use case targets remittance and having a publicly trading coin is meant to increase the liquidity of the coin as a settlement layer.
- Jenya_ 9y ago
  There is a nice speculative article about Jed McCaleb which may or may not be true, still interesting nonetheless: https://steemit.com/ripple/@olyup/fck-you-money-the-rise-and-fall-of-xrp https://steemit.com/ripple/@olyup/fck-you-money-the-rise-and...
mancerayder 9y ago
I can't read comments on the Internet for a full hour without bumping into someone trying to advertise the amazing qualities of one or another coin I never heard of. Call me skeptical.
- godzillabrennus 9y ago
  Read about it. Or heck, buy one and see how fast it works. Lumens are sell at about $0.26 as of this posting. It’s insanely fast compared to any other “currency” I’ve transacted with (including BTC, ETH, and LTC).
  - shawabawa3 9y ago
    While we're shilling cryptos that we're heavily invested in, I suggest you check out XRB for even faster, and fee-less transactions
bobjordan 9y ago
As a side note, just put this together a few days ago myself, Stripe is also invested in Stellar Lumens, having invested $3M USD back in 2014 for 2% of the coins, now Stripe's position is worth over $500M USD.

hanklazard 9y ago

Interesting, I’ll check it out. My question remains though, and here it is in another form: is there a compelling reason for banks to use a public blockchain rather than just use their own private network? I can’t figure out why they would use a cryptocoin-incentivized public blockchain, but maybe I just haven’t thought about it enough. Anyone have a good answer to this?

Impuni 9y ago
In the case of Ripple, it’s use case targets remittance and having a publicly trading coin is meant to increase the liquidity of the coin as a settlement layer.
Jenya_ 9y ago
There is a nice speculative article about Jed McCaleb which may or may not be true, still interesting nonetheless: https://steemit.com/ripple/@olyup/fck-you-money-the-rise-and-fall-of-xrp https://steemit.com/ripple/@olyup/fck-you-money-the-rise-and...

mancerayder 9y ago

I can't read comments on the Internet for a full hour without bumping into someone trying to advertise the amazing qualities of one or another coin I never heard of. Call me skeptical.

godzillabrennus 9y ago
Read about it. Or heck, buy one and see how fast it works. Lumens are sell at about $0.26 as of this posting. It’s insanely fast compared to any other “currency” I’ve transacted with (including BTC, ETH, and LTC).
- shawabawa3 9y ago
  While we're shilling cryptos that we're heavily invested in, I suggest you check out XRB for even faster, and fee-less transactions

bobjordan 9y ago

As a side note, just put this together a few days ago myself, Stripe is also invested in Stellar Lumens, having invested $3M USD back in 2014 for 2% of the coins, now Stripe's position is worth over $500M USD.