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𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

7 Jun

Today I introduced my vision for adding federated sidechains to the XRP Ledger which means a lot of things but essentially that anyone who wants to, can run a sidechain to the XRPL. 1/6 dev.to/ripplexdev/a-v…

The “federator” is software that acts as a bridge between at least two instances of the XRP Ledger, i.e. the XRPL mainnet and one or more sidechains. 2/6

This concept would allow each sidechain to have its own ledger and transactions, as well as a federation system that allows XRP and issued tokens (BTC, fiat, anything really) to move from one chain to another. 3/6

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𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

24 Feb

https://twitter.com/RippleXDev/status/1364592325775683589

Version 1.7.0 introduces key improvements that directly impact the network’s server operators, i.e. slashing memory usage by 50% to reduce server cost and improve server stability. 1/4

https://twitter.com/RippleXDev/status/1364592325775683589

Memory is a critical (but scarce) resource (esp. w/ virtualization), short-term usage specifically is a huge pain-point for server operators. By reducing the amount required, small servers and large clusters alike benefit. 2/4 (More on this here: blog.ripplex.io/how-ripples-c-…)

Also newly introduced is forward ledger replay, which helps to save server time and bandwidth by "playing forward" transactions from a previously saved ledger until it catches up to the network, improving network stability. 3/4

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𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

29 Jan

Investors in almost everything can reasonably expect their gains to average well above what they could get if they took no risk. A stock portfolio might average 6% or 8% a year, more than bonds or savings accounts. 1/6

But really, no investment can be rationally expected to do significantly better than any other once adjusted for risk. Why? Because if one was, it would get crowded and whatever value it could produce diluted until it was no longer significantly better. 2/6

This is why I opposed bailouts for travel companies throughout the pandemic. Their owners made good money for many years and in exchange they took the risk that a global event would devastate their industry. That's the deal. 3/6

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𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

22 Jan

So we know exactly what happened with that bitcoin double spend transaction. It was a weird situation where an attempt was made to raise the fee on a transaction but the original transaction succeeded instead. 1/5

I do consider it a double spend. A valid transaction that someone could have seen as being confirmed was later orphaned by a conflicting transaction. But it's reasonable to not agree that's a double spend. 2/5

It's arguable whether it's an RBF instance or not. Someone could have relied on the first transaction, even if they were aware of RBF. But it was the low fee of the first transaction that allowed the second transaction to be relayed. 3/5

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𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

21 Jan

A couple of years ago, my parents were supposed to take a cruise to Alaska. But, sadly, my father became too ill to go. So my wife and I generously offered to take their tickets and go on the cruise for them.

We had to change their excursions to ones more appropriate to our tastes. And one thing we really looked forward to was a helicopter ride to a glacier. But when we got there, the weather was awful.

The helicopter guys told us that they would not fly in that weather and offered us another day. But our ship was only in that port for that day. We were sad, but ...

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𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣

@JoelKatz

11 Jan

@VentureCoinist

@VentureCoinist @MycolePawket @Ripple If you don't know which asset you'll need next, it makes sense to hold the bridge asset. If you are just being opportunistic and want to make money, you want to hold the asset people will need when they sell a rare asset cheap and that will be the bridge asset.

@VentureCoinist

@VentureCoinist @MycolePawket @Ripple I don't buy the argument that the performance of the native chain doesn't matter. If that were true, bitcoin wouldn't have been a significant innovation because it's just a better native chain. If it takes hours to set up a pipe or fund a pipe, you need to pre-fund the pipe.

@VentureCoinist

@VentureCoinist @MycolePawket @Ripple XRP has less regulatory clarity in the US than bitcoin. Maybe less than ETH. Everything else, ... Who knows?

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