Jackson Palmer, the creator of Dogecoin and “Are we Decentralized Yet?” website, spoke about Ripple and how it is similar to InitiativeQ in terms of marketing, in a podcast interview with Laura Shin.
Palmer spoke about his website ‘Are We Decentralized Yet’, and how it is getting tougher to collect data from these decentralized blockchains and that there is less data now than it was 12 months before. He added that there were a lot of cryptocurrency projects with multi-million dollar funded foundations who are making the numerical data public, and that these foundations want the numbers to show a certain narrative. Palmer continued:
“You would think that transparency would be in their best interest. Just looking at entities that are more centralized and do have more of a corporate for-profit kind of model, Ripple comes to mind and out of all of the projects, it was one of the more kind of in my face or kind of coming at me trying to get numbers updated and provide the information.”
Furthermore, Palmer said that Ripple was doing a good job in terms of building “awareness, hype and excitement” about their community and that they were focussed unlike Ethereum, which has multiple projects and is heading in a lot of directions.
Digging deeper into Ripple and XRP, Palmer said that people who are into XRP and Ripple aren’t usually into other cryptocurrencies. He went on to say:
“I think they’re [people into XRP] just more susceptible to marketing. I think the people that get into Ripple remind me of the people that have been getting into this InitiativeQ thing and… I think the InitiativeQ and the Ripple marketing is actually pretty similar if you if you actually go and look at what they claim to be doing in the future technology wise.”
Palmer further compared Ripple and InitiativeQ and said that InitiativeQ is like a “multi-level marketing pyramid scheme” that are trading referrals as currency. He said that the InitiativeQ is using PayPal as a marketing copy as a person from InitiativeQ sold his company to PayPal a few years back. He added:
“If you look at some of the people that are on the community team for Ripple, for instance, if you look at the Twitter presence, it’s absolutely off the charts in terms of how much they’re manipulating Twitter as a medium for promoting Ripple whether that’s them, or if they’ll claim that they don’t own the bot networks. But sure, it’s just, it’s very interesting to watch. And, and I feel like Ripple is kind of like, just like InitiativeQ without referral codes in a way.”
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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind
XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”
A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.
Oops! Sorry! Infrastructure blip. Really easy fix but I enjoyed an offline afternoon with my girls 😇 So I only found out after some time, when I checked my phone. Monitoring, messages, calls 😇 Social media tips went through during the downtime. Sorry! 😆
— Wietse Wind (@WietseWind) June 23, 2019
XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.
After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.
The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.
This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.
XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.
SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.
Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.
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