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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. 21 points
  3. 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.
  4. 10 points
    Bit salty? Not making you millions fast enough? You sir, are exhibiting the reason this market is so flakey. Participants believe in conspiracies, have the patience of a gnat, and have no understanding of how large real world enterprises actually work. Your view that Riple have achieved nothing, are working against XRP price, and make empty promises, is diametrically opposed to the reality. It is so far from correct it is laughable. While the market is largely made of such mindsets it will remain volatile and immature. At some point, probably well beyond your ability to have patience, the institutional, industrial scale use of XRP will reward those who hold. In the meanwhile some will make and/or lose fortunes on speculative trading while having the headaches and tax implications of their efforts. It's actually easier to just hold, but to each their own. I have been harshly critical of your views in this post, which is rare for me, but you opened the gate with your aggresivily critical and totally ignorant statements.
  5. 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.
  6. 8 points
  7. 8 points

    Chicken or Egg?

    Here is something David Schwartz wrote on reddit: 3 sjoelkatz • Jul 15, 2017, 3:23 PM That was our original strategy. The problem is that XRP can only settle a tiny fraction of today's payments. So banks would have to go to all this trouble to approve and deploy a new system that could do very, very little for them. We would have only been able to get the payment technology deployed where the settlement was already possible, and we'd have to get liquidity to settle payments set up where there were no payments. It's a painful chicken and egg problem. So instead we designed a modern payment system that could support any form of settlement through ILP. The improvements on the payment side were so drastic that banks found value in the system even if the settlement still takes place using the correspondent banking system. As this system gets adopted by FIs, more and more payments will be able to be bridged by XRP the minute XRP has the liquidity to bridge them. Then, we just have to pick a strategic corridor (one with good volume but also fairly high costs in the traditional settlement space) and incentivize a huge pool of liquidity to XRP in that corridor. Then those payments will settle through XRP because the payment system is already ready for it. This is a way to solve that chicken and egg problem: Next we hang more assets off the corridor we already built. Then companies that have to make lots of payments into various destinations in those corridors will find they can save money by holding XRP. Then traders will want to hold XRP because that's the asset anyone paying into those corridors needs. And so on. Wherever liquidity pops up, payments will settle through that liquidity. Also, we want to be successful on a much larger scale than a closed, proprietary strategy would make possible. It's like saying, "why would Twitter use the Internet when they could build a private network biased in Twitter's favor". A success for email isn't capturing 80% of postal mail volume -- it's exploding electronic messaging to thousands of times the volume of postal mail. Sure, other assets will compete on the level playing field for settlement we're building. But if XRP isn't the best, it doesn't deserve to succeed. We're not trying to fight for a bigger slice of a tiny pie but for the biggest slice we can get of all the payments in the world, as the payment volume goes up because payments become faster and cheaper.
  8. 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.
  9. 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.)
  10. 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."
  11. 6 points
    I invested at the peak of the market and I've watched my initial investment dwindling away , but the research I do and continue to do I keep buying, blind faith ? Not in my mind , this is a marathon and we are only putting on our shoes, it was always a 3 to 5 yr plan. In 4 yrs I'll make a decision based on intellect and not emotion, so I'm pulling up my big boys pants and enjoying the ride.
  12. 6 points
    More evidence we are entering the capitulation stage.
  13. 6 points
    Thanks, and I do remember watching that video, now that I see it again. That was a great thread! I watched that one, and will probably watch a few more out of that series, thanks for sharing I had not found it yet. I think he does a better job or more detailed job explaining the Dealer Function in this video ...and @tulo should be interested as this Dealer function is the role he and a few others have been playing in these markets for some time. This is the conceptual connection point to complex adaptive systems and tracking the flow through the system. Flow Flow Flow = Liquidity Liquidity Liquidity I was going to suggest to Perry that he think about doing some agent based modeling (which I think you could use a Rippled ledger to accomplish, it is "one hell of an accounting tool") where the 3 layers of Liquidity are modeled as independent networks, which are "stacked" or "tied together" to make one large global "multi-plex of liquidity". I'd have to think a bit about how the agents and connection (nodes and edges) should be arranged, but throughout his presentation I kept hearing him give various answers to this question, for the various types of agents/markets/orderbooks. I would view a "market" as an "orderbook" as an "agent". Quality in/out can be used to express directional flow costs (+/-), as well as on-ledger orderbook spreads, to observe both direct and indirect liquidity paths though the 3 layers of liquidity. Beyond that, there is plenty of math and established methods for putting this together that come from the Complexity world. This is sort of what I see in my mind getting stitched together with all of what's happening with XRPLedger, RippleNet, CBDC, etc. --- I was also listening to him and some of his thoughts around derivatives/swaps markets, and the relationship to the underlying market, which I will just call an "orderbook". So 1) we have theories about orderbooks at equilibrium, and 2) the complexity stuff is all about things "orderbooks" in this case, which are in a non-equilibrium state. Additionally in the complexity stuff feedback loops play an important role in understanding system dynamics, they can be both positive or negative feedback loops. With that in mind, it has bothered me for many years that Black/Shoals pricing model is used the way it is in some trading models that involve a position in the underlying + derivatives. I feel like it is a bit like asking "mirror mirror on the wall", and that basing any large amount of an orderbook's volume/liquidity on this could create a self-materializing feedback loop, and have the derivatives potentially drive the underlying orderbook's market, like the tail wagging the dog. Anyway, while listening to him I began to think of the derivatives orderbooks, as offering both positive & negative feedback loops (puts & calls, longs & shorts) to the underlying market. In this way the state or totality of the derivatives orderbook, is of a nature, where it reflects the non-equilibrium state of the underlying orderbook. I think this could be modeled into the multi-plex of liquidity. The goal being to reduce the underlying orderbook's price volatility (helping it stay at/near equilibrium), which is accomplished because a lot of the market liquidity flows and price volatility is absorbed or migrates over to the derivatives orderbooks. idk, I'm just thinking out loud. Edit: I guess you could also look at the derivatives orderbooks (because they have an expiration date, and are a zero-sum game) as some form of a "settlement mechanism" for liquidity flows related to the underlying orderbook. The expiration and zero-sum game nature act as a "discipline" function while the creating of the next time period's derivatives act as the "elasticity" function. Watched this, I did like his framework and methods of matching legal and accounting concepts/languages. However I find myself asking "who cares about legal", and while I know that is a stupid question because of course legal matters. What I mean is, that I see legal structures as laggards, so not leading indicators, and not things that come first, upon which economic systems can be built. Rather I believe that the economic systems emerge naturally due to economic activity, and then after that, the legal structures are built and honed in over time to support that economic activity in a way that risks are reduced and the activity becomes more efficient, and backstopped, and trustworthy. So I see legal frameworks as a value add on, not a primary driver. Look as digital assets as a prime example. There are some people who use for them (be it for speculation, or acting as a dealer for profit) but we still have very little in the way of a legal framework to support this. Once that is put together, it will reduce risks related digital asset economies/economic systems and markets will become more trustworthy and backstopped by licensed Exchange institutions like Fidelity/Bakkt. I just see legal as coming second to economic activity in a sequence of time. --- @Wandering_Dog What is the significance of "post Keynes"? .. What is "institutionalism"?
  14. 6 points
    Good to see that you researched Mehrling who I recommended you 5 months ago If 5 hours are not enough, I also recommend this playlist containing 192 videos of Mehrling to understand the modern financial system E.g., here he explains the essence of a market maker, which is a dealer (incl. own speculation risk) and not a broker (which has no own speculation risk) . Regarding to a friend of ANEP, Mehrling's work is based on Morris Copeland's (1895 - 1989) "Flow of Funds" whose system is inferior to that of Wolfgang Stützel (1925 - 1987, suicide). As the ANEP model actually still is in progress (see below), Mehrling's work is one of the best explanations of the relationship of money and credit but he does not consider the differences of private and public law. E.g., the whole topic of financial risk and central banks not only as "lender of last resort" but now as "dealer of last resort" is a consequence of systematic overpromises (here you find again a connection between private and public law). So, I am still looking forward for ANEPs approach: An interesting side note is that Mehrling attended an ANEP presentation linking his money view to legal institutionalism in 2016 - so I am full of hope that his model will be enhanced accordingly (Did you also attend, @Wandering_Dog?). Furthermore and regarding your focus on clearing, I stumbled over Keynes ICU approach to decrease global imbalances which is detrimental for banks as they finance open imbalances and therefore were and are against such approaches. How the ICU was prevented is explained in "Back to which Bretton Woods? Liquidity and clearing as alternative principles for reforming international finance" here (p. 225-242) and in this presentation.
  15. 6 points
    There's no way to run. But it will burn itself out within a month or so.
  16. 6 points
    I muted the "589" insanity on Twitter and now I have to see it here...
  17. 6 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.
  18. 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.
  19. 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.
  20. 5 points

    XRPL Decentralization Update

    Of primary concern for me is a demonstrated technical ability to operate servers reliably securely and a commitment to operating the validator for at least two years. Being involved in this space is also important (think people like @Rabbit_Kick_Club, @karlos and Wietse Wind). The basic metrics, in my opinion, are pretty objective and surface candidates for inclusion. Server stats, connectivity, security, performance, commitment. Unless there’s “room” for all candidates (and we can’t just add 10 servers at once!), then selecting amongst them can become a bit subjective. At the very least, there’s a “value judgement” about which one “helps” more right now. For example, given two equally qualified candidate validators other things become a factor; a validator in, say, South Africa may be preferable to another US validator. But maybe the US one is operated by an exchange and the South African one by an individual which alters the calculus a bit. Or perhaps one candidate is an AWS instance and the other on Azure, and there are already other validators on AWS. I could go on, describing all sorts of situations. Why X and not Y? Why Y and not X? Why not Z? Ultimately any decision will be seen as subjective by someone; someone will disagree and someone else won’t. It’s just how these things go and that’s not surprising.
  21. 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...
  22. 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...
  23. 5 points

    New sbigroup presentation 29/11/2018

    Those slides speak a thousand words.....SBI is expanding on china
  24. 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)
  25. 4 points
    There have been massive results. They have 80% of Japan’s banks. They have MoneyTap. xrp is a long game but SBI has been a huge champion for the cause.
  26. 4 points
    When xrp is down, oh it's probably **** and not worth anything, it won't succeed, wasn't in sbi slides (lmao). When xrp going up, yeaa banks will use it, it's the best crypto, blah blah blah. These markets will destroy emotional and stupid investors.
  27. 4 points

    New sbigroup presentation 29/11/2018

    XRP is a high-risk, high-reward investment, period. Anything involving a paradigm shift in how money works, is perceived, is used, is stored, is created, is spent will involve all the most wealthy, powerful and egotistical people in the world. To think that at least half of them aren't going to put up a tremendous fight is simply the act of "not" thinking. Ripple's team is incredibly capable and has made incredible progress. They want XRP to succeed in mass adoption more than any of us because they've put a hell of a lot more effort and time into it than us, and it's their vision not ours. I think their progress thus far is fantastic! The price will reflect the progress in time or they will fail. It's that simple, and I knew it buying in.
  28. 4 points
    At last a post worth reading, my faith in this board as a resource is restored, thank you @KarmaCoverage
  29. 4 points
    Ugh, you mean I might have to work until my mid-30s?
  30. 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...
  31. 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.
  32. 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.
  33. 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."
  34. 3 points
    On this, I agree with you in a sense. I’ve invested in what I believed to be promising technology in the past, holding it knowing it would go up... Even when it didn’t hit the massive profit growth yet, I knew it was coming... until it didn’t. So I agree in the sense that until you’re there, you’re not there. I also agree that, regardless of our confidence, there’s a chance that we’re wrong. That said, this was 13 years ago and I believe I’ve learned much since then. I’m still 100% confident 😉 The Major difference between the company I invested in and XRP, backed by ripple, is that Ripple has consistently succeeded and achieved everything they said they’d achieve, even though they set a ridiculously high bar. They go from success to success, executing on their long term strategy for XRP along the way. They never said XRP was a short game. Quite the opposite. I don’t think anyone should argue with their results, IMO. Price is not representative of anything at this point. Even on that note, however, look at the price one and two years ago... massive gains if you’re not just looking at the crazy spike a year ago.
  35. 3 points
  36. 3 points
    Well I think people are starting to realise that New Zealand doesn't really exist, it's a mythical place invented by JRR Tolkein and all the tourists who think they've been there have actually been tricked by some very sophisticated virtual reality, you only need to look at the impossible scenery to know this to be true.
  37. 3 points
    I think this is the best way to handle spineless fudsters:
  38. 3 points
    Humm... it really looks to me like it's the Russians are behind this and have moreover colluded with Ripple.
  39. 3 points
    Problem is that lack of regulation is, intentionally or not, letting big players catching up in innovation race.
  40. 3 points

    A word of advice to young monkeys

    I always think this like I must be missing *something*. And then I read some of the content David Schwartz puts out and realize any concern I could’ve possibly thought of, has probably already been covered. This man (and the rest of the staff at Ripple) know what they are doing, and they are at the top of this game. I truly believe what they are doing in this industry will be revolutionary one day. It’s exciting to witness
  41. 3 points
    Lol! So even gold members are normal human beings after all? I know I am. If I disclosed on this board what I’ve been doing with my XRP’s during last 6 months, many on this forum would put me in a madhouse. But here I am: still posting, still believing in crypto in general and XRP in particular, still making silly jokes. I guess my biggest ( only?) skill is to be able to manage my own expectations.
  42. 3 points
    I met Mehrling in Budapest during the YSI conference. He's a nice guy. His book is "The New Lomard Street", a great read, and he has his course from Columbia available online through Coursera. Mehrling, Keen, Varoufakis, Lavoie, Mazzucato, and many more, all rock stars of our economic era. We should note they all have one thing in common: they are all Post Keynesians of one form or another.
  43. 3 points
    Came across this and thought I would share, apologize if it's already been seen. Appears to be the best monitoring of xrp movement, itemized by specific account. https://docs.google.com/spreadsheets/d/17_Wgo4iwGoPB1JenxD5fHtJ0HQYLpb669zaNemPojG4/htmlview#
  44. 3 points
    First sign capitulation is in .
  45. 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.
  46. 3 points
    We live in a networked world, and networks are all about flows (which is liquidity in this network's case). So he just talks through all the balance sheet connections when economic activity occurs... If I give you $5 I have less cash, and you have more cash. If I give you a loan for $5 I have more financial assets and you have a debit financial asset. This stuff is really not that complicated to follow step by step. He does a good job keeping is simple, but still explaining the complex connections and how liquidity flows between them on a whole.
  47. 3 points
    Wow, there is an awful lot to chew on here. Thanks!
  48. 3 points

    New sbigroup presentation 29/11/2018

    Perhaps change your avatars to a bear?
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