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1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Wednesday, 07-Jul-2021 05:34:16 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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   • Rev Jeff Cliff, BSc
   https://ripple.com/files/ripple_consensus_whitepaper.pdf [ripple com] versus https://ripple.ryanfugger.com/Protocol.1.html [ripple ryanfugger com]
   
   What is the relationship between the two forms of Ripple? Is the Ripple #XRP #cryptocurrency the same Ripple that is referenced in https://villages.io/ documents?
   
   It seems that @jeffcliff@shitposter.club believes they are the same #Ripple … or at least that they derive from a common ancestor. I don’t know, though. By the time I first heard of Ripple, they were the cryptocurrency that was trying to buddy up to the big banks. (And now, their big thing is international payments … including through banks and other intermediaries.)
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Wednesday, 07-Jul-2021 05:41:00 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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     in reply to
     In some ways, both of them have some resemblance to “the Hawala system”:{https://en.wikipedia.org/wiki/Hawala} … except that by buddying up with the banks, Ripple the #XRP #cryptocurrency promoter has to comply with government KYC and money laundering rules and rules against organized crime.
     
     I’d say Hawalas, being often part-timers whose main business is something else, probably don’t have the time or resources to devote to compliance. (It isn’t enough not to allow criminals to transfer money; they also need to document their systems and certify their compliance.)