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ObeyTheWafflehouse

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  1. You have a lot going on in your post and I am a bit overwhelmed. XRP would not avert a liquidity crisis, it would only lessen the repercussion. Think of the economy as a machine. Think of the money flow as the oil to that machine. Once this oil has been used up (zero money flow), the machine (economy) seizes up and stops. XRP decreasing the settlement time will AID in a liquidity crisis. Why? Well every time a round trip trade (buy and sell) takes place, money is either deposited into your account or debited from your account. The money needs to "settle" in your account before you can even touch it. Once that money is settled, then you can either trade with it or withdraw it. The settlement time for this is typically 3-5 days. In 2008, we were DAYS away from banks stopping withdraws from their customer accounts. This is applied across all markets. And this is only ONE example as there are many more variables. However, when fear is striking in the markets, a lot of people are trying to move a lot of money very quickly. A large amount of money (trillions, possibly quadrillions) is either being locked up in these settlement times or is sitting on the sideline not actively participating in the market. A decreased money flow will start to seize up the economy. Certain tactics such a printing money and giving it to central banks to inject it into the economy (quantitative easing) and ZIRP (Zero Interest Rate Policy) will help increase the money flow again. Simple economics states that all fiat currencies will eventually return to zero. USD has lost over 90% of its purchasing power since 1920. SDRs will eventually return zero under the assumption that all governments have discipline and do not keep running their print press. IMF knows this and they need a possible resolution. Will this be cryptos? Bitcoin? XRP? CBDCs? Or maybe it has not been created yet? Your guess is as good as mine. Not averting, but lessening the damage. Think a nuclear reactor overheating (economy), and it needs to be cooled down by water (a decrease in settlement time would increase money as this is only one example). Edit: "Cross-border payments when applied to wholesale markets present different challenges than when compared with retail and corporate transactions, which the Ripple product is designed to handle. The availability of liquidity is one such challenge, and the PoC allowed the Bank and Ripple to begin exploring these questions." It looks like the Ripple and the BOE are still answering this liquidity question.
  2. I firmly believe Ripple has ties to the top central banks in the world, and that Ripple has most central banks under a NDA. What is Ripple's ultimate goal or "the holy grail" as Dilip has stated? For central banks to hold XRP. I believe Ripple has already tested and been approved by at least 1 central bank. That is BOE. They are already a "paying customer" and have carried out successful proof-of-concepts. "That the Interledger Protocol was able to support synchronisation of payments between two simulated RTGS ledgers." "Cross-border payments when applied to wholesale markets present different challenges than when compared with retail and corporate transactions, which the Ripple product is designed to handle. The availability of liquidity is one such challenge, and the PoC allowed the Bank and Ripple to begin exploring these questions." "The Bank is considering further Proofs of Concepts to extend its understanding of the dimensions of the synchronisation concept" (with Ripple and RippleConnect). https://www.bankofengland.co.uk/research/fintech/-/media/boe/files/fintech/ripple.pdf?la=en&hash=75E5F445230B8A2B794C208D29619A3E33F1FFE7&hash=75E5F445230B8A2B794C208D29619A3E33F1FFE7 Other central banks such as the European Central Bank (*cough* lagarde *cough*), Bank of Japan, Bank of Canada, etc. have all published research articles either discussing ILP, 24x7x365 settlement system (there is no other 24X7 settlement system other than the crypto markets), or partnering with R3 to carry out some type of settlement system. What is Ripple's main goal? To make XRP as valuable as possible. How do you do that? Have central banks use your system, because the central banks manages the currency, money supply, and interest rates for each country. Arguably the largest influence on a countries economy. Even if it seems like Ripple is getting away from XRP or focusing on other projects, trust me, they are not. Sometimes when you are working towards a goal, in this case on a global scale, you have to take on side projects that may slow down your momentum. I firmly believe Ripple is position themselves and XRP for the right moment in time, because WHEN we run into a liquidity crisis again, central banks will be knocking on Ripple's door.
  3. I think Susan Athey has severely underestimated the full potential of the derivatives market, but I'm also not a renowned economist I believe it was JP morgan that put an estimate of $1.4 quadrillion for the total of derivatives market. Also side note, I know you specifically that about the derivatives market in your Coil subscription, but the Forex market has a trading value of $3-$6 trillion per day. Obviously that $3-$6 trillion per day needs settlement somehow too. This does account for equities market or bond market either. All I am saying is there is much potential that can be unlocked if Ripple positions its technology strategically. I am willing to place a bet on that.
  4. "Participants can assume three roles within the Interledger Protocol: that of a Sender, Receiver, or Connector. Connectors are entities with accounts on two or more ledgers who act as liquidity providers that relay payments across ledgers and play a critical role for the successful execution of cross-ledger payments." "we conducted experiments to examine the feasibility of synchronised settlement across different ledgers using the ideas introduced in the Interledger whitepaper about universal interledger payments." "Five Bells Ledger was adopted as a centralised ledger and ilpplugin-bells was used as a plugin for client applications of participants to connect to Five Bells Ledger." Five Bells Ledger??? According to CNN, Ripple owns the Five Bells ledger. "Ripple’s centralized Five Bells Ledger and a so-called ‘trustline’ were also used in the transaction." This article has nothing to due with the posted article. https://www.coindesk.com/interoperability-boost-ripple-sends-blockchain-transaction-across-7-different-ledgers AND Ripple published code for integration testing purposes (https://www.npmjs.com/~interledger) C'mon man, the only thing this publication didn't mention was that they were working directly with Ripple. Writing is on the walls. Synchronized settlement? Where have I heard that before?
  5. I am not going to lie. The first time I saw your posted I just passed right over the second article, but I stumbled upon the article again which lead me back to this post. I think we are sleeping on the Bank of Canada right now. They are making extreme progress as indicated from the second article. "The two central banks (Bank of Canada and Monetary Authority of Singapore) connected their respective experimental domestic payment networks, namely Project Jasper and Project Ubin, which are built on two different distributed ledger technology (DLT) platforms in a bid to make the cross-border payments process cheaper, faster and safer." "The Jasper-Ubin project was carried out in partnership with Accenture (Investor of Ripple) and J.P. Morgan, who supported the development of the Canadian network on Corda, and the Singapore network on Quorum, respectively." "The project teams used a technique called Hashed Time-Locked Contracts (HTLC) to connect the two networks and allow Payment versus Payment (PvP) settlement without the need for a trusted third party to act as an intermediary." Before this, I have not heard of Hashed Time-Locked Contracts, but I looked more into it. According to this Medium article (https://medium.com/@jkendzicky16/ripple-xrp-analysis-cc4f440d0604), "xCurrent is conducted through Interledger (ILP), a completely independent protocol layer that uses hash time-lock contracts to facilitate trustless payments over ledger systems." AKA smart contracts. Moreover, its far more intriguing the white paper Payments Canada, Bank of Canada, and R3 made on its experimentation with DLT for Domestic Interbank Payments Settlement from 2017. I'll pull a few exerts that I found interesting but the white paper has bounds on information. "many Canadian financial institutions are members of the R3 consortium and have benefited from R3’s global perspective and focus on DLT initiatives." "DLT is increasingly being referenced for cross-border payments where innovators such as Ripple Labs are partnering with global financial institutions to exploit gaps in this service area" "The analysis to date suggests that DLT platforms that employ a proof-of-work consensus protocol, as was built in Phase 1, do not deliver the necessary settlement finality and low operational risk required of core settlement systems. Phase 2 built a distributed ledger platform that employed an alternative consensus model using a “notary node” and could deliver improvements in settlement finality, scalability and privacy, but does not adequately address operational risk requirements. Further evaluation of DLT is still required as solution providers enhance their offerings and introduce enhancements to satisfy the PFMIs that must be met by any wholesale interbank payments settlement system." https://www.payments.ca/sites/default/files/29-Sep-17/jasper_report_eng.pdf This is ONLY project jasper. I have not even touched on project Ubin yet!!!!
  6. Another Visa and MoneyGram partnership. "MoneyGram Expands Money Transfer Service to Bank Accounts in Romania with Earthport Agreement" https://www.prnewswire.com/news-releases/moneygram-expands-money-transfer-service-to-bank-accounts-in-romania-with-earthport-agreement-300281917.html
  7. Here's a direct connection between VisaDirect and Moneygram. Notice how they are working in the Philippines and Mexico first. Also note when the service was first being provided.
  8. You need to be able to extrapolate from the given information and draw your own conclusion. When did xrapid officially go into production mode in 2018? It was in October of 2018.
  9. If ripple succeeds, which evidence is strongly suggesting we are heading that way, we shouldn't have a retracement of 95% every crypto season. What I would be looking for is when XRP market cap breaks above the market cap of bitcoin. I think people outside of crypto will take note, and XRP will be the dominate force or king of crypto. Bitcoin and POW systems are going to be a dying breed. That is not an opinion, that is a fact. I would strongly suggest taking a look at the bigger picture. Ripple is in the same room as central bankers, IMF, governments, FIs, etc. I don't see bitcoin, ethereum, stellar, etc. sitting at the same table or even the same room. There is definitely a lot going on behind scenes. Be patient.
  10. Crypto markets move unlike any other markets. I think that when "new money" enters, it's normally through bitcoin first since it has been well established. From my view, bitcoin pumps in price while alts stay relatively at the same price point. Once bitcoin hits a certain ratio (alt coin to satoshi) , the money starts to move from bitcoin into the alts. Remember Dec. 2018? Bitcoin pumped hard to 20k and then started its downward trend. Meanwhile, XRP skyrocketed in price and thus we see the upper limit on the chart (XRPBTC) retested. For the past two occurrences, XRP vs sastoshi has pulled back ~95%. I am assuming this next bull run will be no different. Side note: Crypto markets love Fibonacci numbers. I would be eyeing the break in that green trendline that you drew on the chart. I would put an estimate of EOY when we break that trendline.
  11. I posted this in another thread. This partnership is not only about Ripple and Moneygram, but Moneygram also has very valuable partnerships. "MoneyGram, Visa team up on cross-border. While KeyCorp focuses on businesses, MoneyGram and Visa are eyeing P2P. The companies recently announced a collaborative solution to provide real-time digital disbursements for MoneyGram customers. Recipients in Mexico and the Philippines will be able to receive money instantly 24/7/365 when the service launches in October. Funds sent via Visa Direct rails can be used instantly with a recipients’ bank-issued Visa debit card or Visa-branded prepaid card. Recipients can also opt to receive the money in cash at an agent-staffed location, where they would have the option to load the funds onto a Visa-branded prepaid card or send them to a linked bank account in real time. Visa’s senior vice president and head of North American push payments, Cecilia Frew, told PYMNTS’ Karen Webster in a recent interview that the service is a new kind of offering for the company. “MoneyGram is the first cross-border use case for Visa Direct,” Frew said. " Dated September 2018 https://www.pymnts.com/faster-payments-tracker-september-2018
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