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Archbob

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  1. Like
    Archbob got a reaction from Julian_Williams in HELP and OPINIONS ASKED on CBDC impact on XRP   
    I'm not sure if the underdeveloped countries would have access to it, especially because their currencies won't be in the basket backing it.
  2. Like
    Archbob got a reaction from Julian_Williams in HELP and OPINIONS ASKED on CBDC impact on XRP   
    That's also not true. Some of the smaller CBDC's won't have the liquidity and will still need a bridge. In other words, its pretty much the same as now, the illiquid markets will still need a bridge. And some of the smaller countries might choose to issue on XRP ledger, but none of the major powers will. Look at San Marino, they issued their CBDC on Vechain.
  3. Like
    Archbob got a reaction from Julian_Williams in HELP and OPINIONS ASKED on CBDC impact on XRP   
    XRP isn't a stablecoin and therefore can't be a CBDC. The IMF has stated multiple times that a wholesale CBDC has to be backed by a basket of Central Bank currencies. That is not what XRP is. The IMF may issue it, but its far more likely that they will have the countries collaborate and build it themselves than use a public coin that is already out there. Major government and countries have plenty of technical people. If casino coin can copy XRP's technology and start their own blockchain that is almost exactly like XRP ledger, I'm sure the major countries and organizations can figure it out too.
  4. Like
    Archbob got a reaction from Julian_Williams in HELP and OPINIONS ASKED on CBDC impact on XRP   
    No,
    There are many CBDC's in development and have been for a few years. None of them are on XRP ledger or any public blockchain. They are all on their own blockchain or a permissioned Blockchain like Corda. Powerful government are going to want 100% control over the platform or protocol for their currency system. Look at China. They did not use XRP ledger, Vechain, or anyone else. They just built one themselves. They might use ILP for transfers but they won't use XRP ledger to issue their currencies.
  5. Like
    Archbob got a reaction from Cesar1810 in HELP and OPINIONS ASKED on CBDC impact on XRP   
    No,
    There are many CBDC's in development and have been for a few years. None of them are on XRP ledger or any public blockchain. They are all on their own blockchain or a permissioned Blockchain like Corda. Powerful government are going to want 100% control over the platform or protocol for their currency system. Look at China. They did not use XRP ledger, Vechain, or anyone else. They just built one themselves. They might use ILP for transfers but they won't use XRP ledger to issue their currencies.
  6. Like
    Archbob got a reaction from wasniewskikamil in HELP and OPINIONS ASKED on CBDC impact on XRP   
    XRP isn't a stablecoin and therefore can't be a CBDC. The IMF has stated multiple times that a wholesale CBDC has to be backed by a basket of Central Bank currencies. That is not what XRP is. The IMF may issue it, but its far more likely that they will have the countries collaborate and build it themselves than use a public coin that is already out there. Major government and countries have plenty of technical people. If casino coin can copy XRP's technology and start their own blockchain that is almost exactly like XRP ledger, I'm sure the major countries and organizations can figure it out too.
  7. Like
    Archbob got a reaction from wasniewskikamil in HELP and OPINIONS ASKED on CBDC impact on XRP   
    No,
    There are many CBDC's in development and have been for a few years. None of them are on XRP ledger or any public blockchain. They are all on their own blockchain or a permissioned Blockchain like Corda. Powerful government are going to want 100% control over the platform or protocol for their currency system. Look at China. They did not use XRP ledger, Vechain, or anyone else. They just built one themselves. They might use ILP for transfers but they won't use XRP ledger to issue their currencies.
  8. Like
    Archbob got a reaction from xrphilosophy in HELP and OPINIONS ASKED on CBDC impact on XRP   
    That's also not true. Some of the smaller CBDC's won't have the liquidity and will still need a bridge. In other words, its pretty much the same as now, the illiquid markets will still need a bridge. And some of the smaller countries might choose to issue on XRP ledger, but none of the major powers will. Look at San Marino, they issued their CBDC on Vechain.
  9. Like
    Archbob got a reaction from xrphilosophy in HELP and OPINIONS ASKED on CBDC impact on XRP   
    XRP isn't a stablecoin and therefore can't be a CBDC. The IMF has stated multiple times that a wholesale CBDC has to be backed by a basket of Central Bank currencies. That is not what XRP is. The IMF may issue it, but its far more likely that they will have the countries collaborate and build it themselves than use a public coin that is already out there. Major government and countries have plenty of technical people. If casino coin can copy XRP's technology and start their own blockchain that is almost exactly like XRP ledger, I'm sure the major countries and organizations can figure it out too.
  10. Like
    Archbob got a reaction from LetHerRip in HELP and OPINIONS ASKED on CBDC impact on XRP   
    XRP isn't a stablecoin and therefore can't be a CBDC. The IMF has stated multiple times that a wholesale CBDC has to be backed by a basket of Central Bank currencies. That is not what XRP is. The IMF may issue it, but its far more likely that they will have the countries collaborate and build it themselves than use a public coin that is already out there. Major government and countries have plenty of technical people. If casino coin can copy XRP's technology and start their own blockchain that is almost exactly like XRP ledger, I'm sure the major countries and organizations can figure it out too.
  11. Like
    Archbob got a reaction from LetHerRip in HELP and OPINIONS ASKED on CBDC impact on XRP   
    No,
    There are many CBDC's in development and have been for a few years. None of them are on XRP ledger or any public blockchain. They are all on their own blockchain or a permissioned Blockchain like Corda. Powerful government are going to want 100% control over the platform or protocol for their currency system. Look at China. They did not use XRP ledger, Vechain, or anyone else. They just built one themselves. They might use ILP for transfers but they won't use XRP ledger to issue their currencies.
  12. Thanks
    Archbob got a reaction from Ryyy20 in Will ODL cause an increase in price? Some thoughts..   
    I've been saying that central banks are going to make a multi-national CDBC for a long time:
     
    https://www.theguardian.com/technology/2020/jan/21/bank-of-england-to-consider-adopting-cryptocurrency
     
    Plans are underway.
  13. Like
    Archbob got a reaction from moncho in Three things Amazon stock can teach you about XRP   
    Amazon's stock price is directly tied to its value as a company. XRP's price is not tied to Ripple's worth as a company. Ripple just got valued at $10 billion, XRP did jack squat.
  14. Sad
    Archbob got a reaction from EcneitapLatnem in Will ODL cause an increase in price? Some thoughts..   
    No, I don't think so. I think it'll pump to $5 or $6 and then dump to maybe 50 cents again. Its the same cycle as last time. Except the % gains for the top coins across the board will be lower than last time. The dream of $50 or $100 xrp aren't gonna happen but it will go up with everything else. XRP is just another coin and will behave like one. Its not some super special gem.
  15. Like
    Archbob got a reaction from madToo in Will ODL cause an increase in price? Some thoughts..   
    You could never really buy a house with "wedding money". You are lucky if the wedding money and gifts cover the cost of the wedding. This has been true for a long time. The inflation on housing outside of a few major cities isn't really that bad. House prices in most places have perhaps doubled in the last 30 years and is fairly on par with salary. In fact, real purchasing power of Americans has stayed pretty much even since 1950:
    https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
    You basically lack any knowledge or have any statistics to back up your assertions, as expected.
    Most large businesses currently and always have relied on investors and/or some loans, that hasn't changed. If you plan to run anything larger than a lemonade stand, loans and outside investors are a good idea.
    What you shown Xill, is a true lack of real knowledge, backed by any substantial studies and a heavy reliance on Youtube research centered on buzzwords.
  16. Like
    Archbob got a reaction from Scout in Will ODL cause an increase in price? Some thoughts..   
    My guess is that KYC/AML will signifcantly increase costs for all Fintech startups, regardless of how efficient they will be. XRParrot(wietse wind exchange) had to close because of new regulations. People are always waiting for 'regulations' in crypto as if it has to be good. Some of them can be downright bad.
    As for physical fiat, I really haven't used it that much in the last decade either. Everything is going digital and transferring money doesn't involve physically moving anything, its just a debit/credit system. That's why is liquid corridors where there are plenty of market makers, I don't really see the need for a bridge currency. But physical fiat is still needed, as least in case of emergency. What happens if there is a blackout in a city or a region? Do you just completely stop doing transactions?
  17. Confused
    Archbob got a reaction from WillGetThere in Will ODL cause an increase in price? Some thoughts..   
    You could never really buy a house with "wedding money". You are lucky if the wedding money and gifts cover the cost of the wedding. This has been true for a long time. The inflation on housing outside of a few major cities isn't really that bad. House prices in most places have perhaps doubled in the last 30 years and is fairly on par with salary. In fact, real purchasing power of Americans has stayed pretty much even since 1950:
    https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
    You basically lack any knowledge or have any statistics to back up your assertions, as expected.
    Most large businesses currently and always have relied on investors and/or some loans, that hasn't changed. If you plan to run anything larger than a lemonade stand, loans and outside investors are a good idea.
    What you shown Xill, is a true lack of real knowledge, backed by any substantial studies and a heavy reliance on Youtube research centered on buzzwords.
  18. Confused
    Archbob got a reaction from 2ndtimearound in Will ODL cause an increase in price? Some thoughts..   
    You could never really buy a house with "wedding money". You are lucky if the wedding money and gifts cover the cost of the wedding. This has been true for a long time. The inflation on housing outside of a few major cities isn't really that bad. House prices in most places have perhaps doubled in the last 30 years and is fairly on par with salary. In fact, real purchasing power of Americans has stayed pretty much even since 1950:
    https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
    You basically lack any knowledge or have any statistics to back up your assertions, as expected.
    Most large businesses currently and always have relied on investors and/or some loans, that hasn't changed. If you plan to run anything larger than a lemonade stand, loans and outside investors are a good idea.
    What you shown Xill, is a true lack of real knowledge, backed by any substantial studies and a heavy reliance on Youtube research centered on buzzwords.
  19. Like
    Archbob got a reaction from Cesar1810 in Will ODL cause an increase in price? Some thoughts..   
    You could never really buy a house with "wedding money". You are lucky if the wedding money and gifts cover the cost of the wedding. This has been true for a long time. The inflation on housing outside of a few major cities isn't really that bad. House prices in most places have perhaps doubled in the last 30 years and is fairly on par with salary. In fact, real purchasing power of Americans has stayed pretty much even since 1950:
    https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
    You basically lack any knowledge or have any statistics to back up your assertions, as expected.
    Most large businesses currently and always have relied on investors and/or some loans, that hasn't changed. If you plan to run anything larger than a lemonade stand, loans and outside investors are a good idea.
    What you shown Xill, is a true lack of real knowledge, backed by any substantial studies and a heavy reliance on Youtube research centered on buzzwords.
  20. Like
    Archbob got a reaction from Cesar1810 in Will ODL cause an increase in price? Some thoughts..   
    My guess is that KYC/AML will signifcantly increase costs for all Fintech startups, regardless of how efficient they will be. XRParrot(wietse wind exchange) had to close because of new regulations. People are always waiting for 'regulations' in crypto as if it has to be good. Some of them can be downright bad.
    As for physical fiat, I really haven't used it that much in the last decade either. Everything is going digital and transferring money doesn't involve physically moving anything, its just a debit/credit system. That's why is liquid corridors where there are plenty of market makers, I don't really see the need for a bridge currency. But physical fiat is still needed, as least in case of emergency. What happens if there is a blackout in a city or a region? Do you just completely stop doing transactions?
  21. Thanks
    Archbob got a reaction from mrhat75 in Will ODL cause an increase in price? Some thoughts..   
    You could never really buy a house with "wedding money". You are lucky if the wedding money and gifts cover the cost of the wedding. This has been true for a long time. The inflation on housing outside of a few major cities isn't really that bad. House prices in most places have perhaps doubled in the last 30 years and is fairly on par with salary. In fact, real purchasing power of Americans has stayed pretty much even since 1950:
    https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
    You basically lack any knowledge or have any statistics to back up your assertions, as expected.
    Most large businesses currently and always have relied on investors and/or some loans, that hasn't changed. If you plan to run anything larger than a lemonade stand, loans and outside investors are a good idea.
    What you shown Xill, is a true lack of real knowledge, backed by any substantial studies and a heavy reliance on Youtube research centered on buzzwords.
  22. Like
    Archbob got a reaction from karstnDE in Will ODL cause an increase in price? Some thoughts..   
    You could never really buy a house with "wedding money". You are lucky if the wedding money and gifts cover the cost of the wedding. This has been true for a long time. The inflation on housing outside of a few major cities isn't really that bad. House prices in most places have perhaps doubled in the last 30 years and is fairly on par with salary. In fact, real purchasing power of Americans has stayed pretty much even since 1950:
    https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
    You basically lack any knowledge or have any statistics to back up your assertions, as expected.
    Most large businesses currently and always have relied on investors and/or some loans, that hasn't changed. If you plan to run anything larger than a lemonade stand, loans and outside investors are a good idea.
    What you shown Xill, is a true lack of real knowledge, backed by any substantial studies and a heavy reliance on Youtube research centered on buzzwords.
  23. Like
    Archbob got a reaction from Ripple-Stiltskin in Will ODL cause an increase in price? Some thoughts..   
    My guess is that KYC/AML will signifcantly increase costs for all Fintech startups, regardless of how efficient they will be. XRParrot(wietse wind exchange) had to close because of new regulations. People are always waiting for 'regulations' in crypto as if it has to be good. Some of them can be downright bad.
    As for physical fiat, I really haven't used it that much in the last decade either. Everything is going digital and transferring money doesn't involve physically moving anything, its just a debit/credit system. That's why is liquid corridors where there are plenty of market makers, I don't really see the need for a bridge currency. But physical fiat is still needed, as least in case of emergency. What happens if there is a blackout in a city or a region? Do you just completely stop doing transactions?
  24. Like
    Archbob got a reaction from Shuz in Three things Amazon stock can teach you about XRP   
    Amazon's stock price is directly tied to its value as a company. XRP's price is not tied to Ripple's worth as a company. Ripple just got valued at $10 billion, XRP did jack squat.
  25. Like
    Archbob got a reaction from mrhat75 in Three things Amazon stock can teach you about XRP   
    Amazon's stock price is directly tied to its value as a company. XRP's price is not tied to Ripple's worth as a company. Ripple just got valued at $10 billion, XRP did jack squat.
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