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JoelMcD

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  1. I see anything that improves interoperability as a good thing. In this case, you'd be making it easier for smart contracts, which will underpin stock trades, derivatives, etc, to operate on their ledger of choice (Ethereum, cardano, hedera, whatever) and still take advantage of XRPL for settlement.
  2. Makes good sense. Reading the suggestion reminds me of the engineer's perspective when observing a glass half-filled with water... the cup is twice as big as it needs to be.
  3. Sounds promising. I saw an IT News article today confirming the Reserve Bank of Australia (RBA, central bank) is now running TCS BaNCS alongside it's New Payment Platform (NPP, which handles domestic real-time payments). Work on this began in 2015. CIO says job done, we're ready to go. https://www.itnews.com.au/news/rba-cio-declares-new-core-live-retires-mainframe-531427 Connecting the dots... the RBA now has access to liquidity on demand and real-time cross-border settlement via BaNCS and can then handle the 'last mile' via NPP.
  4. I agree it's investors and market makers that drive a lot of the current utility. Fast forward 3, 5, 10 years... I see greatly increased, and sustainable, demand coming from Central banks, commercial banks, and other financial services providers. I see XRP flowing around the world all day, every day, with a volume orders of magnitude higher than present. In this scenario there's far less dependency on investors to help set market value.
  5. Sure, war is a great driver of economic activity... until someone loses. Never mind the cost of human life on both sides and the collateral damage to other nations drawn into the conflict, societal values and the environment. War is a zero-sum game, I just don't see it fitting the level playing field narrative we keep hearing. Bonkers? Maybe. It sure stretches the imagination.
  6. I wasn't thinking the funds come from investors necessarily. Sure, some of it would, but I think most of the funds would come from increased utility-driven demand - i.e adoption throughout global finance and trade. I see it working hand-in-glove... utility increases XRP value, and vice versa, making it a virtuous cycle.
  7. If it happens, and I admit it's a BIG if, I suppose the allocation of XRP to nations could be at a low unit price, even if it were for a future claim against the escrow. Time would then pass and XRP usage for remittance and trade would increase organically as it's the fastest/cheapest option available (money moves like water flows, along the path of least resistance) and so increases the value of XRP. The IMF might speed up this value creation process by playing some form of market maker role and stepping the price up alongside the organic demand. Nations could then realise the XRP value increase and sell it into the market, then use the profit to meet their debt obligations with no real impact on their sovereign currency. The $595 figure is a crude calculation, and would suggest all debt to be paid in one go, which would never happen. What's more interesting for me, is the idea that XRP might somehow play a role in addressing not just one (improving financial inclusion) but two global finance imperatives (spiralling sovereign debt).
  8. Congrats on your first post Dave! I'm not quite sure what you're getting at here. If it's the 'using tokens that represent central bank currencies' line then that's right and generally understood. As XRP can be exchanged for local currencies (USD, GBP, AUD, etc) which happen to be issued by their respective central banks, it can be said today that the tokens represent central bank currencies. CBDCs are a little different, as they are central bank digital currencies. I'm not sure any are live just yet but there's lots of talk of central banks creating these as a digital (and price-stable) alternative to cash within their economies. The opportunity for XRP then, would be as a medium of exchange between the various CBDCs.
  9. 2 years ago it was in your IRA, 1 week ago you were 'long-term all the way'... but today you're out. We'll miss you Bruhne, thanks for everything
  10. I agree, and said as much in another thread back in February. I think each central bank will have their own CBDC, and these will need to be bridged for the purpose of global remittance and trade. The IMF has already volunteered to take care of the bridging, so they will likely hold the bridge asset (XRP or otherwise).
  11. I have to admit that made me laugh... not that there's anything funny about mental health It isn't the number that intrigues me, but the possibility of change.
  12. Haha, I'm not trying to enrage anyone, though maybe the bear reference in the topic/header was a bit inflammatory I'd just ask people to keep an open mind as to where all this could possibly lead. I look back on what got me into XRP years ago (I stumbled across it in 2015 but didn't invest until late 2017), and it was first and foremost the potential of the problems it could solve (both locally and at a global scale) that got my attention. Since then it's been nothing but slow methodical progress in nailing the use case month after month for Ripple and all the others now in the ecosystem (R3, Temenos, Monegram, Central banks, commercial banks, etc). It might feel sometimes like all this is for nothing, and it'll never succeed, but that's the nature of delivering complex change with such a broad group of stakeholders and so many interconnected systems. I should know, I've been delivering technology programs with governments for the past 18 years... it ain't easy.
  13. I'm with you on that one. Armageddon is out of the question, and as crypto is a high risk asset class it will struggle like everything else if the markets head south and there's a flight to 'safety'. What I think we will see, however, is more national economies slipping into recession over the next 2-3 quarters with some contagion throughout Europe in particular, and continued downward pressure on interest rates as nations try to kick-start local economic growth. The system is not designed to work with negative interest rates. Something will need to change.
  14. Fun? Far fetched?... It certainly is. Am I mortgaging the house to 'go all in' for the opportunity... no, not a chance. Though I will be listening carefully to the language used by the IMF, BoE, ECB and others over the next 6-12 months, and taking note of who's sitting at the table.
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