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Jtadaly

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  1. Everything about this article screams Ripple/XRP https://www.cnbc.com/2020/08/06/goldman-names-new-head-of-digital-assets-in-bet-that-blockchain-is-the-future-of-financial-markets.html Start with GS's conclusion 60 days ago that Bitcoin is not a new asset class (I disagree). Then: "At Goldman, McDermott is expanding his team, doubling its headcount with hires in Asia and Europe. He has also lured talent from a key competitor: JPMorgan Chase’s head of digital assets strategy Oli Harris has joined the bank, according to people with knowledge of the move." He's hiring the
  2. Very good. The reason R3 and Ripple have pursued DTCC is because DTCC has an issue (speed, real-time settlement, accuracy) that they can solve using the R3 enterprise blockchain and XRP. DTCC is the intermediary that records a stock sale transaction. The sellers and buyers meet on an exchange (for example the NASDAQ) and agree to a transaction. The transaction takes place on DTCC and the product is held by BNY Mellon. DTCC did $2-quadrillion in such transactions in 2019. Now, imagine those transactions are done in XRP. The utility demand skyrockets (as does the value of XRP
  3. Holy Smokes! That's right! I forgot about that... great catch: https://money.com/who-is-matthew-mellon-crypto-billionaire/
  4. BNY Mellon is, in fact, the largest Custody bank in the world and has been for some time: https://www.institutionalinvestor.com/research/6565/the-world-s-largest-custodians
  5. I keep saying "Standard Chartered" but I mean "Standard Custody and Trust". Sorry if I did that. But... I think they need Standard Custody and Trust. In the legacy Wall Street market today, trades are done on the exchanges (NASDAQ, NYSE, DOW) while processing is handled by DTCC (Depository Trust Clearing Corporation) and Custody is done by a bank. The largest (from memory) is BNY Mellon. Most XRP fans will recall that DTCC has long been a target for Ripple and many trials have been performed with implementation pending (likely due to regulatory clarity on XRP as a Security). They
  6. Here you go! I put Long up there in the crypto industry with luminaries such as Larsen, Schwartz, Hoskinson etc on the business side, less technical. She has a career in legacy Wall Street and recognizes the value-proposition of crypto and has no bias for or against any project. She left the Street to move to her home state of Wyoming and over the last couple years has worked with state-government to make or change law to be crypto-friendly. The result of her efforts has been Avannti, the first crypto-native, dedicated Federally accredited bank. Easily one of the most impo
  7. When the OCC letter came out two weeks ago, I theorized in conversation that Standard could provide "Custody-as-a-Service". Upon further investigation, that appears to be precisely so. I highly recommend the interview on Off the Chain by Anthony Pompliano and Caitlin Long (Avanti). In it, Long goes into why the OCC letter is a big deal, even bigger than legacy crypto companies realize. Firstly, the letter was a response to a query from a major bank. Something like JPM, BoA, PNC, BNY (not Goldman as they are state-chartered). Secondly, the finding now means that Trusts (GBTC) a
  8. Jtadaly

    Hi! I'm Bob

    <<"The enemy of my friends is my enemy" That sounds a bit tough and cheek given I've never met the man, but I'm actually serious. I value my friends at Ripple more than anyone can imagine. >> Perfectly well answered and accepted in the spirit provided. Thank you for your response.
  9. Jtadaly

    Hi! I'm Bob

    @BobWay Hello, Bob! Welcome to this community and thank you for your contributions both at Ripple and here. It is like getting a peak behind the curtain at a magic show! My Question: How do you see IBM/Stellar as a competitor to Ripple? From my perspective, they have a chance to be Coke/Pepsi. One of the resistance points of legacy banking is that the banks have traditionally invested in and designed their own systems and software (the spaghetti) on IBM machines. IBM seems dedicated to not missing the boat on the hardware vs. software divide this time around. Add to this, the bank
  10. Jtadaly

    Hi! I'm Bob

    I know what the first rule of ‘Bob Club’ is.....
  11. Jtadaly

    Hi! I'm Bob

    GREAT TOPIC. WORTHY IF ITS OWN CHAPTER IN ‘THE BOOK OF BOB’. Because if there is an exclusivity agreement with BoA, it explains Visa and Mastercard’s Battle for Earthport.
  12. Jtadaly

    Hi! I'm Bob

    @BobWayHello, Bob! Welcome to this community and thank you for your contributions both at Ripple and here. It is like getting a peak behind the curtain at a magic show! My Question: How do you see IBM/Stellar as a competitor to Ripple? From my perspective, they have a chance to be Coke/Pepsi. One of the resistance points of legacy banking is that the banks have traditionally invested in and designed their own systems and software (the spaghetti) on IBM machines. IBM seems dedicated to not missing the boat on the hardware vs. software divide this time around. Add to this, the banks h
  13. Jtadaly

    Hi! I'm Bob

    Hello, Bob! Welcome to this community and thank you for your contributions both at Ripple and here. It is like getting a peak behind the curtain at a magic show! My Question: How do you see IBM/Stellar as a competitor to Ripple? From my perspective, they have a chance to be Coke/Pepsi. One of the resistance points of legacy banking is that the banks have traditionally invested in and designed their own systems and software (the spaghetti) on IBM machines. IBM seems dedicated to not missing the boat on the hardware vs. software divide this time around. Add to this, the banks have inve
  14. Unless I’m reading this wrong, Ripple agreed to sell R3 5BB XRP at $0.0085. And as far as I can tell, the price was not refuted, only whether R3 was delivering its part of the bargain https://www.ccn.com/1-billion-ripple-r3-file-dueling-lawsuits-over-cancelled-partnership
  15. I had a discussion with Dr. T/XRPTrump on this topic on Twitter. My theory is that Ripple distribute or sell XRP at a discount under NDA. One way or another, they manage the supply/demand to maintain a low price which makes XRP more attractive to the FI's to buy/hold and eventually either sell or use for liquidity. He didn't seem to be buying the theory or maybe I didn't do a good job of selling it. But I'd be interested to hear if anyone thinks it's plausible.
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