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About Johno

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  1. Agree that FB is doing a good job stirring the pot. The attention it is drawing is a good thing for XRP because FB’s product and brand is a real millstone around zuckerberg’s neck ( Imho) That as it may be, i was amazed that the front page of one of Australia’s major national daily papers (Financial Review) devoted its whole front page to Libra. And two full pages inside on commentary. It has drawn massive attention to crypto in general. Alas, nothing on Ripple or XRP. But while time is of the essence that also means time is on the side of Rippple and XRP me thinks.
  2. Surely it’s the strategic alignment that got MGs price going. The quantum is pretty small in the scheme of things, no matter what the price per share paid.
  3. No, that bit of the rumour was not right but the strategic hook in which MoneyGram agrees to use xRapid seems to be where the value of the transaction is. A strong strategic partnership on the face of it.
  4. A question from a TA dunce (i.e. me): it looks like some news shifted market sentiment just now (the MoneyGram partnership announcement). Is this enough to impact the way a TA afficiando looks at the charts or is just a blip that gets consumed into the great roiling unfolding of ups and downs. Just curious.
  5. Companies exist to make a profit. Greed may come into it but probably a misconceived characterisation. But If promoting inclusive values and working to create a diverse workforce, both contributors to a successful company. Then, yes, something to be applauded.
  6. Assuming you are correct, I’d say better late than never. Corporate support in such situations is never on the cutting edge but still makes a valuable contribution and should be applauded for what it is.
  7. Yep. Philosophers will tell us that a shorthand phrase to describe our existence is that ‘being is time’. Money is a subset of that.
  8. Respecting national laws are a minimum requirement for citizens. True. The historical precedent that fits well here is the shift in international law from closed seas to open seas. That was an initiative of the Dutch mostly from the shipping corporation and the State (which was more or less the same thing). This was in the late 1700s. The Dutch were the first to work out that in the global trade order there was so much opportunity it was madness to keep trading routes and certain ports exclusive to certain companies and nations. These corporations—much more powerful in relative terms than banks are today—were expending significant resources policing and regulating and having wars to keep the seas ‘closed’. So, the decision of the Dutch was to say ‘there is more for us as individual companies if we are all in this together’. There was some argument but quite quickly the British, Spanish and Portuguese got on board (so to speak) and those four nations and their respective companies was enough to herald in a golden era of trade and growth throughout Europe and some lucky colonies like the US and, to a lesser extent, Australia and New Zealand. This rather long story (it didn’t start that way in my head) is a way of saying that I think the self interest of the biggest banks will arrive at the point in the not too distant future in the same way as the trading corporations did when reflecting on whether to maintain closed seas or promote open seas. And what’s more, it only takes one to break from their exclusive pack and it will cause a stampede of ‘enabling legislation’. At that point the speed of change will give us all whiplash
  9. Yes, there will be resistance. I wonder though whether with the growth in the internet of value which is growing in unpredictable and disruptive ways in pockets and nodes all over the world, whether this doesn’t present a new challenge for the big banks. In this new world my question is whether the centre for power can hold against the emerging diaspora? Does power stay with those that can keep knowledge in their grip or with a model based on its free (and fast) flow. Free flow seems to be where things are going In other words, is there a new game in town? This would be unlike a letter to an email—as that is the same idea in a linear progression for its improvement. The Internet of value is a whole new thing, it seems. I’m not sure whether the banks can stop it anymore than anyone of us can hold back the tide (nautical reference for you)
  10. Finesse, can you please go away. Personally, I wouldn’t know a TA if I tripped over it. But the discussion here is enlightening even for a non technical person AND it’s being done in good faith. Your contributions are neither.
  11. Apologies. I read it too quickly. The reference to Ripple was in the context of US platform, Propy (last para). Article photocopied. Australian Financial Review. p.36 Wednesday 29 May.
  12. From one of Australia’s national daily’s. A large Chinese property developer preparing to operate with crypto in the Australian market. Clearly a cross border application. Specifically references Ripple technology. https://www.afr.com/real-estate/residential/melbourne-s-tycoon-global-to-sell-townhouses-using-cryptocurrency-20190528-p51s16
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