Official BGOL Crypto Currency Thread ★★★★★

Oh ok. I will look into as well. Just sharing what I saw. Seems like these trollbox folks are well informed... but they do call it the trollbox for a reason.:dunno:

I saw that comment and I thought it was a bgol cat trolling. Why would Ripple even come up right now in the Trollbox? To be safe, I bought some since it is down nearly 6%
 
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I don't have a boot big enough to kick my own self in the ass. I had to run around all day couldn't get in on the PASC, but if I would of bought this last night, would of doubled, maybe tripled today. I need a Florida Evans gif of Damn Damn Damn!

I hope some of yall made some bread off it. I'd be content with that.
 
Some of you complaining about Polo in NY, can you use Cryptopia? Is that one of them accepted to do biz there?
 
Trollbox goon said bank of America is fuckin with ripple now

It's older news but her you go...They should promoting the shit out of this:

http://bankinnovation.net/2016/10/bank-of-america-chase-the-latest-banks-to-buy-into-blockchain/
Bank of America, Chase the Latest Banks to Buy into Blockchain
OCTOBER 4, 2016BY GRACE NOTO

pexels-photo-42384.jpeg

So much has happened with blockchain over the past couple of weeks—so very much—but let’s talk about the banks:

Firstly, Bank of America is the latest to join the ranks of financial institutions experimenting with blockchain. Bank of America Merrill Lynch recently announced at Sibos that it was collaborating with Microsoft to run a proof-of-concept with the technology, attempting the first-ever blockchain transaction between a corporate treasury and a financial institution to run on Microsoft Azure.

Of the project, Chris Bozek, head of global product and head of North America, global trade and supply chain finance at Bank of America Merrill Lynch—that is a title—told Bank Innovation:

Through these POCs, Bank of America Merrill Lynch continues to “test and learn” about distributed ledger’s technology capabilities and limitations, as well as defining the challenges ahead in moving forward from a proof of concept to commercialization. The POC was successful, as it demonstrated that digitizing the documents and making them available to all parties on a near real-time basis can significantly streamline and improve the end-to-end process for all parties. Moreover we learned how transacting trade via “blockchain as a service” in the Azure cloud can help address the adoption challenges. While much work lies ahead, we are very encouraged by this pilot, and look forward to moving the project forward.

Microsoft’s Azure is cloud-based, which allows for greater security when banks are completing transactions. According to Bozek, Microsoft also served as the user in this proof-of-concept, standing in for the role of a multinational corporate treasury, while Bank of America served as the advising bank.

In other bank and blockchain news, JP Morgan Chase has built Quorum in partnership with EthLab, a blockchain based off ethereum that will allow the bank to conduct hundreds of transactions each second according to the presentation documented here.

As you’re probably aware, these two banks are not the only ones experimenting with how blockchain technology could potentially revitalize the world of banking—Bank of America and Chase join the fifteen banks collaborating with Ripple, for example, and Bank of America is already on the Global Payments Steering Group or GPSG.

Obviously, this is a technology that has captivated the banking world—but why, exactly?

David Horton, head of digital innovation at Synechron, says it might have something to do with the changing tides of the finance world:

“The advent of fintechs—which are really changing the culture of banking—rubbed off on the industry,” says Horton of the rise of blockchain; Synechron has also recently launched six blockchain accelerators for enterprises including mortgages and trade finance. “More than 70 banks are now in the R3 Consortium collaborating on a common ground; as [blockchain] sort of matures it could bring a new efficiency to these sort of processes.”

Bank of America and Chase are just two out of a multitude that are attempting to utilize blockchain to improve or push the gears of finance to the next level, and yes, this push may have come about because of the rise of fintech—competition inspires progress, after all.

But as Horton and others have pointed out, blockchain technology is still in its early stages, a fledgling in the same stages as artificial intelligence, or biometric security; all technologies that have yet to reach their full potential.

According to Horton, the real revolution of the banking (among other) industries will come not only when blockchain has sufficiently matured but when it is combined with equally sophisticated AI or like technology.

“The intrinsic value that you get [from a blockchain] is the trust; but it’s really a combination of technologies that will drive the industry forward,” says Horton.

In case you were curious about what else happened with blockchain, people are still really, really unhappy about Accenture’s proposed editable blockchain; “the war drums could already be heard from the Ripple camp last week” at Sibos (who exactly is it battling? Just curious), where Ripple either stole the show or ruined it depending on who you follow on Twitter; Hyperledger developed a working blockchain for healthcare needs, and a group of attorneys formed the “blockchain legal defense coalition.”
 
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The low level banks are cool but the big implementation with Ripple comes with global and central banks.

That's what will take us over the top.
 
The low level banks are cool but the big implementation with Ripple comes with global and central banks.

That's what will take us over the top.

Well the Japanese & Euro banks it has aren't low level. Mizuho and Santander are very big banks
 
Well the Japanese banks it has aren't low level. Mizuho and Santander are very big banks
Yes that stuff is cool. Meaning we need more and more of large players who will move money globally and eliminate the need for SWIFT, unless they put XRP into their system
 
Yes that stuff is cool. Meaning we need more and more of large players who will move money globally and eliminate the need for SWIFT, unless they put XRP into their system

They need an Large American bank to solidify
Their position
 
I'm back in with PASC, fuck it scared money don't make no money. I am not gonna kill'em but I'm see how far this wave goes. It has already gone up since I bought it. Whatever little I make I will dump into NXC. Crazy part of NXC is it has my holdings value up right now. I bought a chunk this morning and my value went up after lunch due to it and the ETH I have. But NXC may be good look, thanks for the tip @LegalMoney
 
man if it goes down to 100% tonite I am getting on it and hopefully it will flip to 260%. If it goes back to 260% I will dump that shit like some garbage

Shit.. I will too. Once you see or anybody else sees it drop that low, throw a heads up in the thread
 
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