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Showing content with the highest reputation on 12/01/2018 in all areas

  1. 24 points
    Thanks to the YouTube AI suggestion engine I stumbled upon this guy just a little bit ago. I have opened up a dialog with him, and am awaiting his thoughts on a few things IoV, and credit in crypto related. In short, Perry did a through 5 lecture series for Warsaw School of Economics, in Oct 2017. Each video is just over an hour long and I very highly recommend viewing all of them. I watched them in reverse order, starting with the global monetary system (more RippleNet/XRPLedger related), but they are posted in order. Much of what I was trying to convey with the write up A complex adaptive global financial system is an amateur attempt at explaining what he covers across his 5 video crash course. This includes a focus on Liquidity & Dealers (aka ILP Connectors & Market Makers as liquidity providers), Central Banks as a "Dealer of last resort" providing liquidity (what happened in '08 crash), Banking as a Payment System, and the process of credit creation and settlement. Banking as a Market Maker (business model) keeping the focus on what I call "The Spread View" of a business's activity. I basically view all business as market makers, or "dealers" as he defines it. He also builds up from history into modern Domestic Economic settlement systems, money markets, and he actually functionally defines/describes the business model of "shadow banks". He discusses three tiers of global Liquidity (Monetary, Financial, Market liquidity), which was fascinating. He discusses the sources of elasticity and discipline in the markets for liquidity and each's system... from the Fed via "Monetary Liquidity" <---- this is where final paper cash settlement happens, and where I think CBDC's place should be from the Banks expanding/contracting credit via "Financial Liquidity" <--- is where RippleNet's non-XRP settlement happens based upon bank deposits from the private markets via collateral backed "Market Liquidity" <--- is where XRP would fit it, as settlement collateral There is a whole lot of excellent & current perspective on how types of global liquidity flows through existing monetary systems in an interconnected way, which he articulates here. These are probably "multi watch" videos. I think to fully grasp what RippleNet and the IoV means to the world, these are the briefest possible way to get a "full perspective", and from that foundation, one can begin to compare and contrast international monetary systems like RippleNet and the IoV. It's all about liquidity and cash flow risks (not solvency, balance sheet risk), and I believe that Blockchains as a market place tool are uniquely able to reduce Liquidity Risks, so all of this hits home. Please enjoy... I. Why is Money Difficult? II. History of Money and Finance III. Fundamentals of the Money View IV. Past, Present, and Future of Shadow Banking V. Understanding Global Money @tar @Wandering_Dog @JCCollins @Hodor.. @Wellington is that you? If so, here is your economic fundamentals to understand the systematic impact of "Just in time Liquidity" & maybe think through towards some understanding of how real time liquidity flows, and real time settlement flows could impact monetary systems and policy execution. At least that's my 2 cents on this material.
  2. 14 points
    Dude are you for real? Things move slow in enterprise world, slower in banking, and even slower when there is uncharted regulatory landscape that needs to be navigated. Ripple is just starting to gain some real traction. I'm guessing another 24 months until things start taking off, and then exponential growth. Don't freaking give up now.
  3. 10 points
    I'm HODL until the wheels fall off. I am old enough to say I have seen this before. I have worked in the medical IT industry since the adoption of EMR(Electronic Medical Records) I know that seems long ago but it wasn't. I was privy to see an industry come up with an idea that was conceptually dynamic and sound and clinician shun it on site, that was until the numbers game came into play where you could see the multitude of errors and catastrophes caused by hand writing and lack of quality controls. I was privy to be in a hospital the day we experimented with taking all the Dr's paper and pens the night before they came in for their daily shift and the aftermath of damn near having to run for our lives from an angry mob with pitch forks chasing us down the hall of the facility(A metaphor obviously but trying to paint the picture) Fast Forward to now where a facility can actually incur a fine if they do not utilize some kind of EHR\EMR system. Point is I have seen this before different industry but similar concept the groundwork is solid and change is not going to happen overnight the banking industry is very similar to the medical industry a lot of governmental regulation in place and as we know governments traditionally move slow(understatement) but the signs are there XRP at this point is the most government friendly digital asset available as most others were designed to be anti government-anti regulation. I agree with most who say things won't take off until the SEC etc get off their ass and lay regulatory ground work down. It's not that institutions don't want to use XRP (Hell it saves money are you kidding me!!) what they don't want is to utilize it and then find themselves in a scenario due to regulation coming out while it is in use it actually cost them a lot of money!!! At this point I think the only thing we have to fear is another technology coming along and displacing XRP but Ripple has the jumpstart at the moment and I have faith in their efforts to grow this space with XRP.
  4. 7 points
    2023. I like it. Yep. By then this website will be filled by all new bronze, silver, and gold individuals who will have never heard of 'Zerpening 3: HODL My Zerps'. ..except me if im still alive and a handful of others crazy enough to stick around the chart is just a chart. it only shows whats going on in the moment; not whats in the works. ..or a Muppet 2023 is only 1493 days away. bitcoin was worth $200 only 1493 days ago. Imagine being a bitcoin investor November 2013 and saying, "If your not expecting "gains" till 2018 then your 5 years early to the party and your capital is sitting dormant." No one knows how high XRP can or can not go. i never understood the concept of investors jumping from investment to investment by selling because their current investment didnt go as high as they wanted. just hold.
  5. 7 points
    He has a pyramid chart at that he uses to explain the "hierarchy of money". The USD is obviously at the top, but just under that on the international scale is all the FX swaps markets, which the central banks of each domestic currency are large players in. He then shows how the actions of the central banks connect the monetary liquidity with the market liquidity when conducting "open market operations". From the beginning of "global money" video #5... the "C6 Swap lines" those are the other major global currencies swaping out FX risk among each other. These are the 'edges" of the global monetary system, and these are the markets where Ripple is penetrating first. When these edges in the global financial network are able to directly connect, the entire system will grow in density of connections, which is generally a good indicator for a network's health. From video 3... showing the how the various Market Makers connect the various hierarchies of money.
  6. 7 points
    This may or may not be the appropriate thread to add this to. I didn't want to create a new thread on this report alone and I think it fits in well with the OP in regards to the liquidity issue and overall re-vamping of the global financial landscape. Originally shared in The Zerpening but I know not everybody is in the Zerpening so here it is for whomever may be interested: https://www.globalfinancialgovernance.org/assets/pdf/G20EPG-Full Report.pdf MAKING THE GLOBAL FINANCIAL SYSTEM WORK FOR ALL Report of the G20 Eminent Persons Group on Global Financial Governance Some of the quotes stood out to me. Particularly: "The development of a standardized, large-scale asset class, that diversifies risk across the development finance system, will help to mobilize this huge untapped pool of investments." "We will not know where the next crisis will start. But it will become a full-blown crisis, with broader global consequences, when we are not prepared for it" "The ambition is in the doing. Some of the reforms are low-hanging fruit. Most are achievable within a few years, with focused effort. Some others go beyond current thinking. We urge that they be considered with an open mind, and developed further or adapted if necessary to enable their implementation. Achieving these reforms will also contribute to a larger goal that every nation has a vested interest in. They enable us to build a cooperative international order for a new, multipolar era – one that enables nations everywhere to fulfill the aspirations of their citizens, and serves the global good." "Third, it is important to put in place a standing global liquidity facility,14 drawing on IMF permanent resources, to strengthen countries’ ability to withstand global liquidity shocks and avoid deeper crises. A reliable liquidity facility will also help them avoid building up excessive reserves as the price for being open to capital flows, and hence avoid hampering growth. The facility should be designed for countries with sound policies, and to minimize ‘IMF stigma’ when they draw on it." (I bolded liquidity facility because it made me think of xRapid/ On-demand liquidity.)
  7. 7 points

    New sbigroup presentation 29/11/2018

    I hate to quote someone like Donald Rumsfeld, but I think this might apply... Donald Rumsfeld: "There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns — the ones we don't know we don't know."
  8. 6 points
    I agree. Soon the world will know which tokens have utility. In the words of Brad Garlinghouse: "Bitcoin is not the 'panacea' people thought it would be." The G20 report would like to thank a Ripple representative. This is huge. I think Ripple's tech is the holy grail of finance; the safety net the global financial system needs.
  9. 6 points
    I think it's important to figure out which cryptos have actual use cases. Can Bitcoin really become a replacement for fiat currency if the supply and demand is not regulated so it's not volatile like a stock and can actually be used as a stable store of value like fiat currency? I've been looking at such videos lately about the nature of curency, how fiat money is stabilized, supply and demand, the business models of banks, etc, but on different youtube channels than the one referenced in this thread, so it's a pleasant surprise to come across this thread. I think it's important to figure this stuff out quickly before the next bull run. I feel like the next bull run will weed out a lot of silly coins by supporting the ones with the best use cases that actually have a chance at success, unlike the last bull run.
  10. 5 points
    @KarmaCoverage always brings the good stuff (along with a few others hidden away in various corners of this amazing forum) - I've been tagging along for a while now...
  11. 5 points

    New sbigroup presentation 29/11/2018

    Gold Member? Doubting?? Of course. Only thing "worrying" me are the inconsistencies in Ripple communication. Hundred customers or hundreds? Of course that bank using XRP doesn't have to be announced this year or does it? Extreme bullishness of management not backed up by news, etc. Telling myself competitive advantage reigns, much cannot be disclosed. Ripple's just too busy and confident to worry about any of our worries...
  12. 5 points

    New sbigroup presentation 29/11/2018

    Those slides speak a thousand words.....SBI is expanding on china
  13. 5 points
    You REALLY want to know @xrpmommy ? Will that make you happier or will it make you sell all your XRP. So much going on in DA-land now. Why Worry? Me I stopped caring about SBI. And a lot of other things too related to XRP. So far the delivery has not at all been near my lowest expectations. I still HODL, but my faith is far lower than when I bought, so I turned into other DA´s. If Ripple and XRP will not deliver in 2019. I will leave. My last XRP buy that I HODL was done in June. (Just my thoughts)
  14. 4 points
    At last a post worth reading, my faith in this board as a resource is restored, thank you @KarmaCoverage
  15. 4 points
    Ugh, you mean I might have to work until my mid-30s?
  16. 4 points

    New sbigroup presentation 29/11/2018

    I thought so too but David Schwartz surprisingly conceded in that debate he did a while back that even Ripple hadn't completely solved for scalability. They are so g*dD*mn bullish on how much volume will be running through the XRP Ledger that he can say with a straight face they aren't totally prepared yet. That is mind-blowing. I have so much confidence in that team though and this delay due to regulatory uncertainty may have just allowed Ripple and the team the necessary time to be sure they are totally ready for what's to come. Sure it's frustrating to see the SEC seemingly sit on their hands for months but they will take cues from Singapore and the Middle East and get their stuff together sometime in the next 6 months. But others are right, the target customers of Ripple are the slowest institutions to adopt anything new. It's coming though...
  17. 4 points
    I agree on ordering some whiskey shots, but 2023 is a reach. Moon shots and space Lambos can be defined differently. No one here needs a "589 moonshot" to cash out. 5.89$ is more realistic. If your not expecting "gains" till 2023 then your 5 years early to the party and your capital is sitting dormant. Kinda like the Nostro/Vostro problem were trying to solve. I think 2019 will be an electric year pending regulation clarity. To me, thats the only thing in the way of progression. Everyone knows payments shouldn't take days, thats undeniable. The tech has arrived and were just waiting on "politics" to catch up. Well either be rich by 2023 or Ripple the company wont exist. Hopefully this site domain does so we can send pics from private islands.
  18. 4 points

    New sbigroup presentation 29/11/2018

    There is one very important event that is in our favor that I would guess occurs within a few months and that's regulation in the US. I don't see the digital asset market heading into summer 2019 without clarity. I guess it's possible but I feel like it's unlikely. I don't think 2020-2023 is accurate at all.
  19. 4 points
    Totally agree. This terrible environment this year has really taken the wind out of the sails for a lot of people. I keep thinking a few things though. 1) Institutions ARE coming in very soon. Fidelity announced today they hope to be offering 5-7 crypto by early 2019. 2) Brad/Ripple have said one bank will be on Xrapid this year and dozens more next year. 3) Lots of dots being connected across the globe. MUFG, Probable Swift plug in, UAE, etc. 4) Brad always said to check back on price in 3-5 years. I lean heavily in 2 and 4. Ripple has not been shown to lie yet and have chosen communications and announcements carefully. Xrapid needs much higher XRP price or banks don’t benefit from using it. It has to be higher. By end of 2019, that will be 2 years into Brad’s 3-5 year comment. His comment was based on utility only I think. Other catalysts will inject liquidity faster. I think waiting 6-12 months will be wise for most.
  20. 4 points
    To broaden this out a little... https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=46985370 Company Overview "Epos Card Co.,Ltd. offers credit/loan finance services. The company was formerly known as Marui Card Co., Ltd. and changed its name to Epos Card Co., Ltd. in March 2006. Epos Card Co., Ltd. was founded in 2004 and is based in Tokyo, Japan. Epos Card Co.,Ltd. operates as a subsidiary of Marui Group Co Ltd." https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=30863639 Company Overview "AEON Credit Service (M) Berhad engages in the consumer finance business in Malaysia. It provides easy payment (EP) schemes and personal financing schemes based on Islamic principles; and issues credit cards. The company offers AEON credit cards, including AEON BiG Visa Classic, AEON BiG Visa Gold, AEON Gold Visa/MasterCard, AEON Classic Visa/MasterCard, AEON Platinum Visa, AEON Gold Visa/MasterCard, AEON Classic Visa/MasterCard, Motorcycle Association Affinity Gold Visa, Japan Club of Kuala Lumpur Credit, and Supplementary cards. It also provides prepaid cards, such as AEON Member PLUS Card (XPRESS+) and AEON Prepaid MasterCards; AEON Express cards; and Touch 'n Go Zing cards. In addition, the company offers personal financing products; Auto Financing HP-I, Motorcycle Financing HP-I, and Consumer Durable EP product financing services; small and medium enterprises equipment financing services; and insurance products. It has 5 regional offices, and 64 branches and service centers located in various shopping centers and towns, as well as a network of approximately 12,000 participating merchant outlets. The company was incorporated in 1996 and is headquartered in Kuala Lumpur, Malaysia. AEON Credit Service (M) Berhad is a subsidiary of AEON Financial Service Co., Ltd." https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=874256 Company Overview "Orient Corporation, together with its subsidiaries, provides consumer finance services in Japan. It operates in four segments: Installment Credit; Credit Cards and Direct Cash Loans; Bank Loan Guarantee; and Settlement and Guarantee. The company offers auto, student, and housing renovation loans. It also provides credit collection, installment credit, credit card and direct cash loan, and bank loan guarantee services, as well as credit related outsourcing services and information processing services. It operates through a network of approximately 113 branches and 803,000 member merchants. The company was formerly known as Orient Finance. Orient Corporation was founded in 1951 and is headquartered in Tokyo, Japan." https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=875526 Company Overview "Credit Saison Co.,Ltd. provides credit, lease, finance, real estate, and entertainment services in Japan and internationally. The company offers credit and prepaid cards; loan collection agency services; and corporate cards for companies and individual proprietors, as well as payment support tools for the B2C sector. It also provides finance lease, business-use installment sales, and rental services for office automation equipment, kitchen equipment, air conditioners, LED lighting products, and others; credit guarantees and finance-related services; and real estate mortgage loans, asset formation loans, and real estate investment loans. In addition, the company engages in the big data and other solutions businesses; real estate leasing business; and amusement business, including primarily indoor recreation facilities. Further, it provides real estate liquidation, loan servicing, credit card processing, and temporary staffing services. The company was formerly known as Seibu Credit Co., Ltd. and changed its name to Credit Saison Co.,Ltd. in October 1989. Credit Saison Co.,Ltd. was founded in 1951 and is headquartered in Tokyo, Japan." https://www.global.jcb/en/index.html "JCB is the only international payment brand based in Japan. We offer high quality payment solution and technologies that are trusted worldwide." https://en.wikipedia.org/wiki/Toyota_Financial_Services "The business known as Toyota Financial Services covers more than 30 countries and regions, including Japan. Financial services operations are coordinated by a wholly owned subsidiary of Toyota Motor Corporation(TMC), Toyota Financial Services Corporation (TFSC), which has overall responsibility for the financial services subsidiaries globally." https://www.bloomberg.com/profiles/companies/SMCCZ:JP-sumitomo-mitsui-card-co-ltd Sector: Financials Industry: Specialty Finance Sub-Industry: Consumer Finance "Sumitomo Mitsui Card Co. Ltd. provides financial services. The Company offers credit cards issuing, gift cards issuing, loans transactions, assurance transactions, and financial services. Sumitomo Mitsui Card serves customers throughout Japan." https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=49786675 Company Overview "Citi Cards Japan, Inc. offers credit cards in Japan. The company was founded in 1977 and is headquartered in Tokyo, Japan. Sumitomo Mitsui Trust Club Co., Ltd was formerly known as Citi Cards Japan, Inc. As a result of acquisition of Citi Cards Japan, Inc. by Sumitomo Mitsui Trust Bank, Limited, Citi Cards Japan, Inc.'s name was changed. As of December 14, 2015, Citi Cards Japan, Inc. operates as a subsidiary of Sumitomo Mitsui Trust Bank, Limited."
  21. 3 points


    No Bakkt No Moneygram No Western Union No Amex No BoA No Swift No TIPS No Temenos No SAP No SBI No ETF No Amazon No Google No nothing So aaaalllllllllllllllll these rumours where false? It's almost funny.... Can't believe it. Hope for 2019!
  22. 3 points

    New sbigroup presentation 29/11/2018

    https://www.cnbc.com/2018/11/28/nasdaq-to-launch-bitcoin-futures-despite-cryptocurrencies-bear-market.html Note that the NYSE is live late January.
  23. 3 points
    Wow, there is an awful lot to chew on here. Thanks!
  24. 3 points
    There are many things, but conceptually I think there is a big hurdle many "corp leaders" or in this case "Regulatory Leaders" need to jump over to all land in the the same spot. Ripple deployed the concept with Interledger Protocol. The concept requires some humility, because to understand it you have to realize that you cannot rule the world. In the crytpo space, the release of ILP thoroughly killed any notion that BTC, or XRP, or any ledger would be the "one ledger to rule them all". This is a difficult for folks, "Leaders", who have lived through times in which success required an expansion of control, bigger factories, vertical integration, and that sort of chasing economies of scale, aka efficiency improvements was, and to some degree, will always be the right coarse of action. The nature of these older business models is Extractionary value. When the business model interacts with the market, it does not create excess value for the market participants, it extracts some portion of the market's value flowing as "profit". Which is removed from the market and reallocated to the owners of the corp capital stock... therefore the only way to compete is to be less wasteful so you can extract more "leftover value", ie be more efficient. This is akin to looking at the world from a zero sum perspective. Where the competition is more about getting the biggest slice of the pie, by being more efficient and winning market share from the competition. The nature of these newer network business models is Emergent value. When the business model interacts with the market, the network grows, and as the growth occurs, transactional market costs are reduced, enabling new value flows. That new value accrues both to each user of the network, and depending on how the network's ownership is structured, some of the value creation accrues to the corp capital stock owners. The key difference is that where the value created by the business models flows to... In the old models, 100% of the value creation should flow to the owners of the capital stock, and maybe you can even extract additional value out of your suppliers' margins, or clients' margins, or employee wages with strong negotiation skills. In the new business models, due to (network effect emergence) less than 100% of the value creation flows to the capital stock owners, simply due to the nature of networks, the network participants, (aka market participants) also accrue some of the value created from the network's growth. Anyway, these "leaders" need to understand this type of business model stuff, and understand the additional value creation from networking... and financial markets need to understand that Inter-networking.. as InterLedger benefits all. The domestic economies do not have to give up any sovereign powers over their monetary system and financial markets. Just like they didnt have to, when shipping containers became the new unit for imports and exports flowed. What they need to do is focus on strengthening their node's role in the InterLedger global transaction network. Which would mean embracing letting go of some control (you cant own the platform, there isnt one to own in ILP), realizing the boundaries of the control you can retain, and then connecting with the best nodes in the global Interledger Network aka "The IoV" as are willing to connect with you. You can sum this conceptual shift up with, "not me.. we". This is the new root value creation methods that all the "sharing economy" network base type business models deploy into their respective markets. Uber to taxies, "not me, we" .. AirBnB to hotels, "not me, we".. TaskRabbit to full time employers, "not me, we".. RippleNet to Swift, "not me, we".. KarmaCoverage to insurance, "not me, we". This whole focus from the crypto world on "decentralize everything" is exactly the same pattern. The Centralized node is the "not me" and the decentralized networks are the "we". So, Bitcoin's original mission statement to banks, "not me, we". Unfortunately money is much more regulated than the consumer services type of use cases like Uber/AirBnB/TaskRabbit, and other resource sharing networks like Omni.
  25. 3 points

    A word of advice to young monkeys

    Not sure if I'm an "old monkey", but a significant portion of my net worth is in XRP and I have not lost a single night of sleep over the course of the year. If anything sometimes I wake up thinking about all the progress, and all of a sudden realize some aspect is further along than it seems. (ILP does not get a lot of discussion on this forum, but that is where the innovation has been happening over the past year or so) I try not to make price predictions, but I feel very confident in saying that XRP is undervalued right now, and it has been way undervalued for a long time. I was starting to think at the ATH that XRP was just about getting to be "fairly valued", considering the network is not fully up and running yet, and the regulators are still putting together their stance on digital assets. My biggest personal concern, is that I dont see a whole lot to worry about.. which makes me think I could be overlooking something. I guess regulatory issues are the biggest risk. I dont see any significant competitive risks. The Ripple team are "all stars". The technology risks, and product market fit seem to have been accomplished at this point. Its now about scaling up, and growing operations, and on ledger liquidity. All the tough stuff to figure out at inception is behind them now.