KarmaCoverage

I guess financial innovation is like the pot business now?

I think Brad came on the scene a little bit later, after focus had shifted from Codius to ILP (just not publicly) .

More or less true. It could be argued that a bilateral ILP payment could be faster, as well as a single TX via a PayChan Pathfinding only goes up to 7 hops. Here is a thread on this If you have your own improved Pathfinding algo, you may be able to outperform the native one on RCL and do some arbitrage. @Sukrim may be able to expand on this. This one I think is correct, and would be for any distributed ledger network/blockchain. Not sure there is an argument otherwise, anyone? --- None of this uses AI, or ML, or anything related though.

I think he/she means Pathfinding.

This is a very interesting question to me. I have mixed thoughts on it. 1. Companies (aka Ripple Inc. Stock) typically dont last in growth mode past 10 years, there are exceptions, but when you look at Google and the Search/Advertising business model it is an extreme outlier. The Another example of a business model stagnation is the Insurance industry. Most of the "innovation" has been on Distribution or cost savings on Servicing, no or little change to the business model itself. 2. Digital Assets (aka XRP) have an almost entirely new set of characteristics. That is a half truth, as there are plenty of analogies that can be applied such as 'digital cash', 'postage stamp', 'ICO', 'RTU license', etc. At the end of the day, I think these things like XRP will have to be looked at individually and classified individually. Certainly Ripple Inc can fail and ILP + RCL will survive, both are already in the wild. Here is a link to the valuation models I think apply to Ripple Inc. As far as valuation of XRP, that is in part addressed in the prior link, but I think this answer sums up the best thinking

Here is a little write up I did on the IoV a few months ago. IoV aka RippleNet, and how I figured ILP and RCL are being combined to enable an IoV. Gatewayd turned into RippleConnect, that I think is now rebranded to Xcurrent... anyone?

Just wondering if there is a playlist or website where all the video content from SWELL will be posted in sequential order? Thanks!

I had lunch a few years ago with a fellow XRPtalker and we got to talking about the Fed's response to the '08 crash. He was a more technical sysadmin guy, I more on the finance and market side. We ended up discussing how the Fed truly didnt have any visibility into the OTC markets for MBS, SWAPS, CDOs, etc, and therefore was unable to observe, monitor, or track the growing systemic risk in the financial system. The the conversation shifted to how "if ripple were being used" back pre '08 the Fed would have been better enabled to measure the spread of systemic risk. Now this was a few years ago and the ideas around how an RCL would have been implemented by the Fed have matured some since then, and some of the methods of measuring systemic risk may not be as available in the current implementation schema as the one imagined a few years ago. That said, blockchain in general is a dream come true for the Fed, and Regulators in general. Which is a statement of glaring irony, given that bitcon started with the ideology of thwarting regulators and banks. Bernanke understands the financial systems well, I know a lot of wallstreet/markets guys dont like QE, yada yada. However in my opinion it was necessary evil to prevent a system collapse, which we came scary close to. My greatest hope for all this technology, is to reduce systemic risks in the financial system. Ripple does in a small, yet important way, stand to reduce systemic risks in the financial system and improve visibility in to value flows. I hope Ben's key note will be published at some point, if it is not allowed on the livestream, Stan Berners Lee also.

that is just how markets work. what is scary is back in '29 & then '08 when we flirted with a bank run, and I have seen some interviews with people who had bloomberg terminals or worked at the Fed that said there was in fact a bank run in 08, it was just digital and at the wholesale level, not retail depositors. My hope for blockchain in general, & Ripple's impact on the world, is better vision into financial market flows, and a reduction of systemic risk. My concern is that these tools enable a whole new round of financial innovation, (that existing corp/govt leaderships will not fundamentally understand) and that while we may reduce existing systemic risk, we could introduce new systemic risks into a new highly connected networked financial environment.

You got to realize that most of the crypto community is anti-ripple, anti- bank, anti-reality. This, along with other things restricting value from flowing onto the XRP ledger, has created a longterm (downside) bubble for XRP. It has been nice to see the Ethereum community start looking at zero knowledge proof solutions. That will be a big deal.

Exactly, look what happened to Lehman's stock when everyone tried to sell at the same time. chart

It means nothing. Yes, dont give this too much significance. This is simply an indication that Ripple is continuing moving down the path they have been on for the past 5 years. Just another small step down the path. What is being built here is a platform + a 2 sided market + a new financial network... this is a lot to pull together all in sync, especially considering financial market's requirements for security and regulatory compliance. It is a Huge job, "dent in the universe" steve jobs big. This is strictly my opinion.

Yes but multi hops can occur in one transaction. There is a thread about this here. Regarding stability, this really does not matter to anyone other than the market markers or liquidity providers who would be holding XRP, all other parties can just buy whatever XRP they need to pay TX fees and forget holding. Just like you dont need to horde postal stamps, just buy one, stick it on the envelope, and submit it to the postal network for routing and delivery. But you can certainly hold onto postage stamps as a collector, just like XRP. When you look at all the ripple trading documentation, you will find many order/tx types are all described from the receiver's point of view. Taker Gets, Taker Pays, etc.. https://ripple.com/build/rippled-apis/#book-offers

All legs of the transaction close in the same ledger. Peso > XRP > USD all at once, a simple multi-hop transaction. Watch for about 1 minute. This is called "sequential risk" in the video. It can also be called leg risk, or round trip risk, and probably a few other things. The whole video is great, and was the first time Ripple articulated the idea of a "market for float".

For banks to benefit from any network effects, they will need to be able to use RippleNet to make connections with other banks that they would never have otherwise been able to make a connection with. This can be accomplished via bilateral ILP connections, or by all the banks, or some anyway, meeting (not physically at the NYSE) but digitally on the XRP ledger. When the Treasury Depts start to show up on ledger, this is when the network effect's value creation will skyrocket.