KarmaCoverage

The Ripple team has produced significantly brilliant ideas and exhibits the professionalism required to accomplish very difficult goals. I would be hesitant to bet aginst them. Fbook is late to the game, but they have significant resources and a large network graph to leverage as a competitive edge. At the end of the day, I think fbook will have mild success, and will join the ILP IoV and possibly RippleNet as a hub node payment network.

Maybe I will poke around and see if I can find a contact with FIS, I'm in Jax and I had contact with FIS regarding my mortgage analytics patent, but that was years ago.

What are you asking? Did he say "xCurrent"? You know what xCurrent is right?

If you listen to the video he says, "FIS will be able to light up all their cores simultaneously". That is just one company, and he also said that "they run multiple systems" without saying anything about Ripple. Although he does elude to "the fintechs" attacking the vacume created by the fact that the payment rails are 40 years old.

I watched the whole thing, @JoelKatz speaking skills have improved, and he packed a ton of key points into that well organized presentation.

Didnt Visa win the bidding war with Master Card to buy Earthport?

JPM coin is just a digital Commercial Bank liability, same thing as "money in the bank". Fbook hasn't articulated a strategy that I know of yet. Hyperledger is integrated with ILP, and I'm not really up to speed on the rest of that project. SWIFT GPI, seemed to me to be a reactionary move, to both all the Central Banks RTGS efforts and Ripple. As for "what's left for XRP?" Regulatory clarity is the big thing and that seems to be slowly coming together one country at a time. The framework is already there.

Just to drive "the routing" point home... bitcoind doesn't have a "Pathfinding" functionality... because butcoind only does "bitcoins", which makes it rather useless for financial innovation IMHO. At least useless in regards to various denominations of value transfering accross denominations of value.

I would view a Fbook much like a money gram or western union. They would do all their own internal netting, then hit the XRPLedger for cross payment network settlements, when necessary.

The key thing I was getting at, is that when you are building a network like RippleNet, it is usually good to monetize the routing function. Like Google's routing is the search function, Uber is the routing drivers, Fbook is routing ads, Amazon routes physical goods... western union is routing liquidity, the cost of liquidity is measured in interest rates... and since lending is done by using interest, and Ripple both has a bunch of XRP and wants to stimulate liquidity in RippleNet & XRPL they can give below market interest rate loans to market makers. Thus "monetizing the routing function", I think if Ripple did this they will grow larger than Google. XRapid as a service routes liquidity through XRPLedger.

This has been discussed before, about other "stable coins". The only detail in that article says that the service works by depositing Yen at the Japanese Central Bank, and then the service would issue that value as new USD. No idea how the exchange rate fluctuations are handled? Idk, I sort of expect the incumbents to stand up a few crypto projects, but usually they are late to the game, and by building something to protect their existing business model they often miss the essence of the new technology. Also, with an open network vs a closed network... open wins

I agree with your post, but I do see a distinction between something like the Bancor, SDR, and a domestic currency. I see some similarity between the Bancor/SDR and XRP, but I also see a cryptographic difference that is a significant qualitative factor for securing agreement and trust. The details have been fun to watch get worked through, and we still have more regulation to discover, but I think the legal framework is already there.

Most of finance is about "time shifting value". When you look at most financial services like Insurance, or Stocks, or Bonds, etc... in every case there is a time shifting of value, or an accumulation of value into a specific time period, usually Now. The fact that "Liquidity" has an inherent Time component to it, is as important as the cryptography of crypto. The problem being solved is a time/liquidity problem. I think of these crypto distributed ledgers are an accounting tool that is uniquely designed to address liquidity risks. Regarding Einstein and Time, here is a good visual experience of relativity.

Yeah this is correct. The difference is Time. A "spot Euro" should be at parity. A future Euro will always have spreads in valuation depending upon several factors, borrower creditworthiness, market interest rates, time of term, payment frequency, etc. I've made the argument that "Finance" is the study of Time, not money. The math is all about "time value" of money, but you can change out the word money for anything, and use the formula to measure "time value" of anything. I'm pretty sure that it is the same formula used to calculate orbital trajectories. Finance is just calculus applied to economics. Economics is all about money/value and humans moving resources around.

There is a difference, I think you even commented on it in a following post. A bond is essentially a contract for future Euros, delivery is dependent on the credit quality of the borrower country. If there is a discrepancy in the spreads, that is where you can observe the difference in value. It is an interesting idea, that one Euro is not equal to another, but I think it holds true.