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Cobalt

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  1. http://www.globaltimes.cn/content/1158377.shtml "This is a clear signal that the financial authorities are starting to loosen control over digital currency and virtual currency," Cao Yin, an expert in the blockchain sector, told the Global Times on Thursday. "The development of a central bank digital currency (CBDC) is in progress, following approval by the State Council," said Wang Xin, head of the research bureau of the PBC on July 8, according to media reports. Li confirmed to the Global Times that the PBC is conducting research and development into a CBDC with other market institutions. "The central bank started research into a CBDC in 2017. The recent announcement could be seen as a response to Facebook's Libra," said Cao. "Digital currency is a frontier financial instrument, over which China and US will have financial competition," Cao added.
  2. Every business aims to make a profit, not just banks. They will try to maximise their profit margins but that does not mean that they are always able to remain profitable (by passing costs down to consumers) or rake in the profits that they have targeted to earn. Banks are subject to market forces just as any other non-monopoly is. In the face of competition, market participants have to push fees down to remain competitive, or to put it even more bluntly, just to remain relevant. The disruption of any sector forces profit margins down and the participants will start to cannibalise one other (no matter how big they are or how chummy they once were) as the going gets tough.
  3. Singapore chosen by Bank for International Settlements for innovation hub centre SINGAPORE - The Bank for International Settlements (BIS), the global bank for central banks, will establish an innovation hub centre in Singapore in a move that Singapore's central bank said reflects the Republic's position as a leading international fintech centre. BIS's Innovation Hub will span multiple locations. It will first set up centres in Basel, Switzerland, and Hong Kong, making use of existing BIS facilities there. Singapore will host its third hub centre, also as part of the plan's first phase. Announcing this on Sunday (June 30), BIS said the role of the hub will be to identify and develop in-depth insights into critical trends in technology affecting central banking. It will also develop public goods in the technology space geared towards improving the functioning of the global financial system and serve as a focal point for a network of central bank experts on innovation. The move is the latest of recent fintech developments here. On Friday, Senior Minister Tharman Shanmugaratnam announced Singapore will issue up to five new digital bank licences, paving the way for non-bank players to break into the local financial service scene. ============================================== Personal observations: 1. The doors are being opened to non-bank entities to participate in the Central Bank initatives - this is positive news as it means that the traditional incumbents (big correspondent banks such as Citi, et al) will see their monopoly diminish. 2. These three innovation hubs are only part of the BIS plan's first phase. This likely means that there will be future waves of innovation hubs being established worldwide. Again, positive news pointing to how the new digital payments "network" will inevitably supplant the conventional systems embodied by SWIFT and the like.
  4. The Artificially Intelligent Blockchain - wondrous tech-fusion or frankenstein in the making?
  5. Blockchain Decentralization - epitome of democracy or ultimate illusion?
  6. The shadow of Quantum Computing on the Cryptosphere - are we sufficiently prepared?
  7. Thanks for sharing, this is very interesting. Does this mean that we could potentially have different ledgers (gaming, logistics, securitisation, etc) that are built on Ripple tech and they would all be able to use XRP natively i.e. XRPs can flow across all of these ledgers seamlessly with minimal (if any at all) integration effort needed?
  8. Cobalt

    Hi! I'm Bob

    Thanks for all your generous, insightful and balanced sharing! I have learned a lot from all your posts, to say the least! I did a little search regarding the intriguing patented method that you were alluding to in the above post, might it be amongst the following? http://www.freepatentsonline.com/result.html?p=1&edit_alert=&srch=xprtsrch&query_txt=IN%2F(Way+AND+Robert)&uspat=on&usapp=on&eupat=on&jp=on&pct=on&depat=on&date_range=all&stemming=on&sort=relevance&search=Search 1. 10187368 Resource transfer setup and verification Systems and techniques are provided for a resource transfer setup and verification. A request for transfer conditions for a transfer of resources may be received from a first computing device. A...1000 2. US20180041486 RESOURCE TRANSFER SETUP AND VERIFICATION Systems and techniques are provided for a resource transfer setup and verification. A request for transfer conditions for a transfer of resources may be received from a first computing device. A...1000 3. 10021040 Resource path monitoring Systems and techniques are provided for a resource distribution system. Selected resource paths in a resource transfer network may be monitored. A quantity of an intermediate resource type to...1000 4. US20180041446 RESOURCE PATH MONITORING Systems and techniques are provided for a resource distribution system. Selected resource paths in a resource transfer network may be monitored. A quantity of an intermediate resource type to...1000 5. US20180316624 RESOURCE PATH MONITORING Systems and techniques are provided for a resource distribution system. Selected resource paths in a resource transfer network may be monitored. A quantity of an intermediate resource type to...1000 6. US20180041445 RESOURCE PATH MONITORING Systems and techniques are provided for a resource distribution system. Selected resource paths in a resource transfer network may be monitored. A quantity of an intermediate resource type to...1000 7. WO/2018/024815A1 RESOURCE PATH MONITORING Systems and techniques are provided for a resource distribution system. Selected resource paths in a resource transfer network may be monitored.A quantity of an intermediate resource type to...1000 8. WO/2018/024817A1 RESOURCE TRANSFER SETUP AND VERIFICATION Systems and techniques are provided for a resource transfer setup and verification. A request for transfer conditions for a transfer of resources may be received from a first computing device. A...1000
  9. To those who are using Coinbase and are transferring XRP there, please pay special attention to the fact that the destination tag changes every time you click on Receive XRP. In the event you send your XRPs there using any previously generated destination tags, it is likely that they will no longer be accessible. Had I not checked the details thrice-over, I would have used in a subsequent transfer the previous destination tag from a prior transaction.
  10. Brought a tear or two to my old eyes! **spoiler warning** The part where the mothership appears was particularly moving... **/spoiler warning*
  11. I think the XRP movement that xrparcade was referring to happened in the account rLkMJhSVwhmummLjJPVrwQRZZYiYQhVQ1A and not the other 3 large holdings.
  12. Might his entire lot of XRPs have been sold OTC to institutions (money-makers, FIs, etc) who are in acquisition mode?
  13. Don't need to be touchy. Let's look at the facts: a. The domain name was registered a few weeks ago: Raw WHOIS Record (https://whois.icann.org/en/lookup?name=tr0lly.com) Domain Name: TR0LLY.COM Registry Domain ID: 2349102734_DOMAIN_COM-VRSN Registrar WHOIS Server: whois.tucows.com Registrar URL: http://tucowsdomains.com Updated Date: 2019-01-04T10:33:09 Creation Date: 2019-01-02T16:34:18 b. The web-site doesn't have a proper SSL/TLS certificate set up on its server. The certificate being used is meant for the domain *.serveriai.lt c. The article is based on wild unproven allegations and many other forum members have already pointed that the allegations have been disproved by verifiable sources d. After this hoohah, instead of acknowledging the error of your ways, you lambasted those who pointed out the unwarranted biases in the linked article There is a significant difference between people who provide blind support and those who give legitimate support for proven facts, and I believe the majority of the members on this forum are intelligent and reasonable individuals belonging to the latter.
  14. You might just single-handedly bring up the national average weight in Venezuela by 50% with your move there.
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