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Donkey

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  1. Anything that has utility value, a tool or system, mechanism or facility will be subject to a diverse range of influences with malice on one end and altruism on the other. Are we able to build a Utopia out of the presently chaotic world that we live in? Perhaps. The physical universe tends towards chaos however and that applies to the ambitions of mankind as well. It will take a tremendous amount of concerted effort, both in planning and execution for a well-intentioned group that has sufficiently clout that extends across various aspects of our world - politics, economics, commercial, et
  2. At the end of the day, the struggles and competition between nations, between multinational corporations, between people are simply illusionary. We are merely fighting for relative dominance and share of Earth's resources (including human beings' time, labour, intellect). The pie to be shared is the Earth's resources so no matter what we are doing today, our efforts go towards trying to increase our share of the pie. Perhaps in the near future we may be able to access the resources of other planets but that will only just mean the pie has gotten bigger while still not changing the essence of t
  3. The control of a nation's money supply is an immense advantage. The existing global monetary system is sluggish and awkward due to flaws and limitations in its inherent design (technological limits back then). This translates to severe constraints in the ability of governments to leverage on the monetary system for greater benefits. The natural order of human civilisation is towards expanding influence. The governments of "wealthy" nations seek to increase their influence over the others so as to maximise their own benefits while the latter are exploring ways to unlock the value that is t
  4. The "wealthy" nations have fiat currencies that are strong relative to those of "poor" nations. The "poor" nations have (most at least) large populations of people who are hungry for work/trade. A friction-less system of allowing the transfer of value allows the movement of value (money and products/manpower/services) and this unlocks the potential of the latent value in the "poor" nations while letting the "wealthy" nations unlock greater benefits of the strong purchasing power of their money.
  5. 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 inst
  6. 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 (n
  7. 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 phas
  8. The Artificially Intelligent Blockchain - wondrous tech-fusion or frankenstein in the making?
  9. Blockchain Decentralization - epitome of democracy or ultimate illusion?
  10. The shadow of Quantum Computing on the Cryptosphere - are we sufficiently prepared?
  11. 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?
  12. Donkey

    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 verificati
  13. 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.
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