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KarmaCoverage last won the day on October 9

KarmaCoverage had the most liked content!

About KarmaCoverage

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    Currently interested in finding a new project to work on. PM if I can help.
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    Currently interested in finding a new project to work on. PM if I can help.
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    Currently interested in finding a new project to work on. PM if I can help.

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  1. Fun fact Assuming BTC hits an all time high of $25,000... XRP takes the #1 market cap at $10.24
  2. I can see the regulatory on/off ramps being considered to be, an FX conversation at he wallet/key pair level (hosted/regulated vs of foreign origin) This maps well to existing rules in all countries, by simply considering Crypto a "foreign currency".
  3. There is a high percentage of all existing Futures Volume trading, that is FX Futures. Yes there are Futures trading on other commodities, Currency is just one of.
  4. Totally agree. It is an XRPL sized undertaking. They will need APIs for the live network, they will need a historical API, they have Governance articulated, and they will need connections to all other networks.
  5. To do exactly what you have been doing on XRPL, make markets & provide liquidity. This time is it "cross ledger/network" instead of "cross IOUs & XRP on XRPL", although cross BTC ledger and XRPL would be analogous. However the Flare Network has a much different Governance and Economic structural setup.
  6. The "Crypto is a foreign currency" conclusion here, does add up, and is a mixed bag. The yin yang is, more taxes in conversion to fiat year VS more functionality/utility longterm.
  7. One key concept to keep in mind re The Flare Network & the value of Spark, is that participation in the network both avoids incurring the cost of inflation & earns a yield on your capital. I dont 100% have the mechanisms straight in my head yet, but the economic principles feel right. Bottom line, if you want to earn something, do something. If you want to sleep on your mattress cash, your value will be inflated away.
  8. I dont honestly remember, I just let him know and they took down the link or whatever the connection to the FI was.
  9. I haven't watched this yet, but there is a lot of things happening
  10. @King34Maine FYI, Adrian who has had a lead in ILP is in South Africa, and Bill Gate's Mojoloop project (its on GitHub) was essentially a copy/paste of ILP. I believe that his influence back in 2014, is what lead to ILP being created, and the whole idea of an IoV, ie a network of ledgers/blockchains. Then Mojoloop showed up and Adrain took a lead role. There was even something I found and let him know about that probably should not have been public, so he took it down. If I remember right it was a link to a financial institution.
  11. I have never understood or bothered to look up the legal ramifications of corporate roles/titles, but I know there are layers of responsiblity and each "layer" has more responsibility to the shareholders. Anyone got a good link?
  12. Thank you for sharing that interview, I missed it. Several good things in that, but the one that caught my ear was re Regulatory Clarity, where Brad said "other countries have deemed XRP a currency". Anyone have some confirmation on that, and know which countries, Japan? I will if it turns out that given BTC/ETH are commodities, and XRP becomes not only the 1st legally recognized "digital currency", and also the Only "digital currency". It wont be undeserved if the XRParmy taunts BTC maxis with "Look XRP is the first digital currency, lol".
  13. @King34Maine I think this takes things right back to 2013 and the original idea of Banks acting as Gateways to onboard value to the XRPL. However CBDC on XRPL would be the ultimate adoption of XRPL, and would be the ultimate stable coin because IT IS true fiat. I could easily see a CB issuing CBDC, then having Narrow Banks (Uphold/exchanges) handle the customer service and KYC/AML layer. This makes the XRP LoC product event more important, because like the CBs use SWAPs during Covid to expand the money supply of dollars in the international markets... XRP could be lent out to CBs (th
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