What's your opinion on projects like hyperledger that could do the same thing without the need for a stake of bridge currency controlled majorly by relatively few though?
I am not familiar enough with hyperledger to have an informed opinion. All that I can say is that it will be awesome as more competition moves into implementation and adoption phases.
Ample opportunity for innovation exists right now. I think Ripple has a lead on adoption and implementation maturity, but the future is open---and I expect increased competition. As people begin to thoroughly understand all that Ripple offers---and why it is attractive for solving financial problems that exist today---I hope to see more people building upon its fundamental concepts.
I am hopeful for technologies like Ripple to level the playing field between individuals and FIs. I recently read about the
1970s Irish Banking Crisis, and am left wondering how systems like Ripple and Codius could fill in the gaps. I would like to see Ripple succeed, personally, but any systems that get us there are a good thing.
Good stuff. I have a lot of excitement for the potential of 2 way pegging and smart contracts.
also since you seem knowledgable about ripple, I see a lot of fluffer/spam activity on the books (particularly during price increases)
e.g:
e.g:
do you think this RL's contracted market makers on crack or independent actors, could you see a reason for this behavior?
Also this, are you aware of this being addressed?
https://forum.ripple.com/viewtopic.php?f=1&t=8668I suspect poorly coded bots or intelligently coded bots designed to mess with poorly coded bots and day traders. I lean toward independent actors being the source, but that is purely speculation.
At the moment, I believe Ripple Labs is targeting solving the spam and unfunded orders concerns or on the client side. I believe it is a problem that needs to be solved.