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stuartXRP

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  1. whats everyones view on this new upcoming feature "Market Makers" ? @BobWay Is there a link for that graphic? Where did you find it? I'd like to check it out.
  2. With returns like that I would not be surprised if "Forex traders" could become the new "market makers" The average Forex monthly return is between 1 to 10 per cent per month, becoming a market maker could offer more returns . Its also great to have Miguel Vias head of XRP markets at Ripple. "In his new role, Vias will utilize his considerable expertise building liquidity for new financial products by working with market makers, traders, investors and exchanges to strengthen the XRP markets and set the stage for large-scale institutional adoption" . Could you speculate (from ripple insights) why Miguel Vias understanding of precious metals, especially when it comes to market structure, will be ever more helpful as we increase the access to, and liquidity of, XRP. Thanks @BobWay
  3. In this example we can see the Market Maker makes a profit around 0.383142 % gain from that one buy and sell order.
  4. So by using a compound increase Calculator, for example if a market maker starts with 1 XRP for $0.3000 with a increase of 0.01% over 45,000 payments, 1 XRP would equal $26.99. Then as price gets higher MM percentage of "selling XRP for a price slightly higher than the price they buy the XRP back for" decrease as need for XRP cheapest path?
  5. When you scare your competitors into change you have already won
  6. I was watching an interview today from 2nd may 2018, It was Barry Silbert and David Kirkpatrick at DLD conference New York City Barry says "..institutional money has not put $1 in yet it's really been retail investors it's been family offices but the deep pools of capital, that could propel Bitcoin and other digital currencies to the next level haven't even started investing. why are they not sort of investing, I think part of it is the kind of the the perception, well look I mean there's a perception that there's a headline risk yeah but I can assure you that as soon as the Goldmans of the world launch their trading desks or you know XYZ big funds or sovereign wealth fund puts money into it they'll have the air cover to start putting money to work, and so we when that's gonna happen it's absolutely gonna happen it's really just a matter of when. Wikipedia, encyclopedia definition of sovereign wealth fund "A sovereign wealth fund (SWF) or sovereign investment fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. By historic convention, the United States' Social Security Trust Fund, with US$2.8 trillion of assets in 2014, and similar vehicles like Japan Post Bank's JP¥200 trillion of holdings, are not considered sovereign wealth funds. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and International Monetary Fund (IMF) reserve positions held by central banks and monetary authorities, along with other national assets such as pension investments, oil funds, or other industrial and financial holdings. These are assets of the sovereign nations that are typically held in domestic and different reserve currencies (such as the dollar, euro, pound, and yen). Such investment management entities may be set up as official investment companies, state pension funds, or sovereign funds, among others" "Last year, CoinBase was able to raise an impressive $300 million and now it seems that GIC, a Singaporean wealth fund, was one of the firms that contributed to that fund." So some Sovereign Wealth Fund have shown an interest in the crypto space. So Digital Currency Group was launched in 2015 by Barry Silbert, and Digital Currency Group is an investor of Ripple. What caught my eye was "sovereign wealth fund puts money into it", could SWF put money into XRP. Some sovereign wealth funds may be held by a central bank, this type of fund is usually of major economic and fiscal importance. Chris Larsen Money 20/20 24 Oct 2018 “10 years out on the financial crisis we still don’t have the infrastructure perhaps to prevent the next one” continuing “an efficient digital asset can really solve some of the key problems in global liquidity”. So a with really efficient digital asset such as XRP trillion upon trillions of capital tied up can be released, without having money pre positions all around the world. XRP will have a major economic and fiscal importance in my opinion, can you see sovereign wealth fund's purchasing XRP in the future @BobWay ? thanks
  7. Bob Way - "I see arguments like this all the time. Most are not very well thought out. But if you want to get overly excited about something that might not happen. I've heard a much more fun bit of speculation that went: "There is (big, big number) of dollars, euros, etc held by rich people in offshore bank accounts. If they move (0.1%) of that money into XRP to take advantage of the instant liquidity to wherever they need to move their funds. Then (fancy calculations) XRP would have to be worth at least (big number) just to support that amount of value." 10 trillion dollars was held in offshore bank accounts around the world in 2018
  8. what's PolySign ? custody for the entire world In my opinion PolySign is rather special and not just an ordinary crypto custody service. PolySign custody solution supports the full spectrum of digital assets and is designed to scale to trillions under management. If you look at there leadership Team you will notice former and current employee of Ripple. Its worth mentioning Arthur Britto President, Founder and Board Member, co-founded Ripple and designed the XRP ledger. Then we have David Schwartz is Chief Technology Officer at Ripple. Along with Arthur Britto, David was one of the original architects of the Ripple consensus network. Looking at picture A you can see a conversation with Arthur Britto on jun 2017, at that time PolySign was Founded in 2017 by Arthur Britto. Talking about the XRP reserve he goes on to say "a new account mechanism should allow the XRP ledger to efficiently service humanity scale usage is in development". What was Arthur working on at that time, well PolySign. So XRP ledger needs to be able to scale to serve 7.5 billion people, in 2017 that was the entire population of the world. Which has now reached 7.6 billion people as of May 2018 *estimated. On PolySign site it states "PolySign's custody solution supports the full spectrum of digital assets and is designed to scale to trillions under management." Picture B from 2018 was from a Ripple employee stating Arthur Britto "has a spec that scales the ripple concept to everyone in the world. Once again the focus is on entire humanity, and he has been working at PolySign at that time to. So I believe Arthur created PolySign for ripple, in which somehow increases the scalability. It will also be able to manage custody for the entire population, 7.6 billion people to be on the ledger in the future . It will be the most trusted custody and perhaps even used by federal reserves/ central banks and other banks as well. Remember 2018 Brad Garlinghouse “I think one of the things that will surprise us a year from now is that banks will be custodying digital assets directly,” said the CEO recently at the Singapore Fintech Festival . So what custody solution will they use, Maybe PolySign "our mission: to build the global standard for institutional digital asset custody" This Brings me onto even more questions will everyone in humanity get at current minimum reserve requirement of 20 XRP for free. The XRP reserve is, to protect the shared global ledger from growing excessively large as the result of spam or malicious usage. The reserve would have to go down a lot ! If there was 20 XRP for everyone address that would be 152,000,000,000 !! There is only 100 billion XRP available, so the reserve would have to drop and the price of XRP to go way up. Then I wonder what is the incentive for the everyday Joe to be on the ledger, or will they have no choice. PolySign is a secret and so is Xpool are they going to be connected somehow , my gut says yes. If Xpool holds a vast amount of XRP for liquidity it would need to be stored in an extra safe custody solution. Bingo! we have PolySign being created "to solve the biggest problem in crypto today: custody." Xpool will be the modern day equivalent of the Nostro & Vostro accounts. "Computer software for facilitating payments over electronic communications networks in the form of fiat currency, digital currency or cryptocurrency". Instead of holding local currency in nostro accounts around the world, trading parties (banks orthird-party market makers on behalf of banks) can hold XRP on their own balance sheets and use it to make markets with any other currency. By consolidating liquidity to service international payments from many, disjointed, international nostro accounts into one XRP pool, respondent banks allocate less total liquidity to service the same volume of global payments. Here is how, the bank only has to hold its domestic currency and maintain one account with XRP. The bank only needs enough XRP on hand to service its largest expected payment obligation. By making markets directly between its domestic currency and XRP, the bank minimizes the number of intermediaries involved and their markup on spreads. A topic topic that is over looked is "to solve the biggest problem in crypto today: custody." Not every millionaire/billionaire may feel comfortable using a wallet app/Ledger Nano S. As soon as a solid custody solution has been built, the "big players" might become even bigger. I will leave you with this little overview of a podcast interview with David Schwartz from 2016 with you. Make systems safe enough for mass consumer direct use fastest 2 to 3 years a guess, really not that long technology moves very quickly. At the time off me writing it has been 3 years. This is just my speculation, not to be takes seriously. A B
  9. something to add : Money 20/20 24 Oct 2018 “10 years out on the financial crisis we still don’t have the infrastructure perhaps to prevent the next one” says Chris Larsen, Executive Chairman & Co-Founder, Ripple, continuing “an efficient digital asset can really solve some of the key problems in global liquidity”.
  10. Most Impactful Thing I have Learned, is not to worry about the price of XRP. Does Ripple worry about the price of XRP I don't think so. So why should I. Ripple have planned everything out. The more Ripple/others build in return more value will be added to the ecosystem. There is always a plan ✌️ "B" ✌️ Option available if needed, for net upward pressure on the price of XRP which will help Ripple in the points above ☝️ "So I'll leave you with something that just might make your head explode. But I'll have to say this very carefully using words that I've already heard authorized Ripplers say in public. Hopefully, that will keep me out of trouble... It's conventional wisdom that the one thing you can't do by giving away an asset like XRP--is make its price go up. Except one day, a while back, Stefan proposed a concept in which it might... I was quite reticent to believe it. It seemed intuitively impossible, much like you are thinking now. So I sat down to analyze it. And analyze it. And analyze it... And in the end I concluded his exact proposal was wrong. It was likely to put downward pressure on the prices of XRP. But, Stefan wasn't very wrong. In fact, using his proposal as a starting place, I tweaked the parameters and intermediate goals and came up with a mechanism that I'm completely convinced will work. It leads to a net upward pressure on the price of XRP... ..and Ripple and I received a patent for it. Now I don't speak for the company so I can't say if they'll ever deploy the system. I can't say they won't either. But I can say that I know at least one method exists that defies the above conventional wisdom." 🤯
  11. I agree, SWIFT will have no use case unless they adapt they will become extinct. All they have to offer in my view is the 11,000+ Institutions connected. The Institutions connected to SWIFT have already started to get eaten away by Ripple/R3, its only a matter of time. Will they admit defeat and partner, or continue dragging out time when there are lots of areas SWIFT could partner with Ripple. “We want to create a payment network like SWIFT. But one where the settlement, the actual movement of money, the actual plumbing underneath the surface, would be a decentralized, open network,” Schwartz says. “The endgame is just money moving invisibly, as easily as information.”
  12. Swift does not cover settlement, XRP has been positioned as a fast/cheap settlement.
  13. @Dario_o These are some of the finding I have\XRP community have found so far about Ripple/R3, Going after the derivatives market ($1.2 quadrillion market) Video is from 2015 Susan Athey - CODIUS In most SBI reports you will see this picture (attached) ***PART 2*** R3 Corda Settler - Derivatives there needs to be some sort of payment or settlement, "R3 Launches Universal Settler Application to Facilitate Global Payments on Corda; XRP the first settlement mechanism" December 5th 2018 This is also a great read by Ripple from JUL 16, 2014 - https://ripple.com/insights/smart-oracles-building-business-logic-with-smart-contracts/ Smart contracts with Codius : Smart contracts hold the potential to empower people to build a fairer, more affordable and more efficient legal system and smart oracles are one of the simplest ways to realize that dream. Potential use cases: - Bridges between value networks - Escrow. - Cryptocurrency wallet controls. - Auctions for digital assets - Derivatives. Contracts that monitor the performance of digital or non-digital assets can also be used as futures, forwards, swaps, options. - Debt and equity - Smart property - Voting
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