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XRPonTheIronThrone

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  1. Agreed! If everyone tried cashing in their Libra at the same time (assuming billions of users), Central Banks may actually have to step in and support this if there isn't enough liquidity!
  2. Yeah, that's part of my initial thought...this thing is huge and hairy from a regulatory perspective. Wietse received one in Europe for his payment app (who, i believe can compete with this), haven't heard anything about Calibra obtaining anything. Its really comical that Calibra is actually captive from a liquidity standpoint (literally taking customers interest that they would receive at a bank) while Ripple and XRP are unlocking liquidity for customers. Quite the yin and the yang.
  3. I think my favorite part about the entire thing is that the members of the Libra Association get interest from other peoples reserves.
  4. This is so damn large that its very difficult to digest. If there has been any lesson throughout history, its that the larger scale and broader scope the venture, the more difficult it is to successfully implement. Given the Libra Association, its members (who all have very different incentives) the Forex trade backing this entire thing, the insurance involved so Calibra (maybe Libra) is able to fully reimburse stolen coins (Minting new coins like its nothing) and the geopolitical risk involved (what happens to currencies if the Eurozone breaks???) there are a ton of risks both visible and hidden that i cannot even think up. Time will tell and maybe it improves lives, but sheesh, if this isn't one giant way of allowing behind the scenes shenanigans, i don't know what is. Ill be very curious to see if regulators allow this to be rolled out. We can't even get a straight forward crypto exchange traded product through let alone this newly formed experimental FX broker/dealer banking institution that will touch billions of users.
  5. You could argue it is already a catastrophe...monetary union without fiscal union ain't workin'
  6. This cannot be emphasized enough. Counterparty risk is what almost took down the entire system in '08.
  7. It's certainly possible at this point. In January they almost sold to Ant, which ended up being blocked by the Feds. The stock is trading at $1.55, down from mid $6's a year ago. Given the WU news with Visa, they may be getting desperate and Ripple could get in with a good price knowing that Moneygram's options are limited with this tradewar.
  8. I believe the bank Gatehub uses is based in Lithuania...ive had transfers from that bank, a little surprised to see but the funds made their way to where they needed to be.
  9. "The disposition effect refers to investors’ reluctance to sell assets that have lost value and greater likelihood of selling assets that have made gains (Shefrin & Statman, 1985). This phenomenon can be explained by prospect theory (loss aversion), regret avoidance and mental accounting." Everyone should be aware of their own cognitive and emotional biases!
  10. That's probably why they want crytpo as a part of their allocation system...the benefits of low correlation.
  11. They are backed by some pretty heavy hitting VCs...This is the other wrinkle, if they need to raise more capital i think they will be able to fund a growth round and if not, they will IPO. I don't think they are hurting for cash flow.
  12. Luckily, we have Coil, XSpring, Wietse, etc...I would love to see what Wietse could do if he is granted that banking license in Europe...Remember, Jevon's Paradox is a call option for all of us.
  13. Not a bad thing if hes working for the hedgies. If they are able to build crypto valuation into Aladdin, it would be huge. Something offering a crypto valuation framework in a system thats widely used by allocators would literally be like bringing a mass population of the horses in the world to a giant fresh water lake.
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