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GiddyUp

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  1. Was the JPM announcement a shot across the bow? ...I think it was the starter's gun
  2. I'm going to link this here, because this thread is getting more views and I think it's relevant...
  3. GiddyUp

    The end of Ripple?

    I am suspect of the timing... this news hit on the day that crypto regulation begins to creep through the legislature. JPM says they won't start trials until later this year... why let this cat out of the bag before they're ready to put the system into production? Maybe to goose the regulation along? They must also know that they're simply recreating the same currency exchange issues by simply moving "digital currency". Along with all the financial press "hit" pieces, methinks that someone is trying to drive the price of XRP down for a buy-in. I may be reaching, but remember this nugget I posted from the "Nikkei Asian Review" a short while ago, and JPMorgan Asset Management (Japan) ltd amount of SBI Holdings stock has just recently gone up... I Posted this on February 6 Under the forum topic "How much influence does SBI really have and can push?" I found this interesting... From 6 Feb, 2019 https://asia.nikkei.com/Companies/SBI-Holdings-Inc SHAREHOLDERS (in SBI Holdings) Baillie Gifford & Co. (13.6%) J.O. Hambro Capital Management Ltd. (5.4%) Asset Management One Co., Ltd. (4.7%) JPMorgan Asset Management (Japan) Ltd. (3.9%) Nomura Asset Management Co., Ltd. (2.9%) BlackRock Fund Advisors (2.9%) SBI Holdings, Inc. (2.9%) The Vanguard Group, Inc. (2.5%) Norges Bank Investment Management (2.0%) Schroder Investment Management Ltd. (1.8%) Just updated today, February 15 SHAREHOLDERS (in SBI Holdings) Baillie Gifford & Co. (13.6%) J.O. Hambro Capital Management Ltd. (5.4%) Asset Management One Co., Ltd. (4.7%) JPMorgan Asset Management (Japan) Ltd. (4.6%) Nomura Asset Management Co., Ltd. (2.9%) BlackRock Fund Advisors (2.9%) SBI Holdings, Inc. (2.9%) The Vanguard Group, Inc. (2.5%) Norges Bank Investment Management (2.0%) Schroder Investment Management Ltd. (1.8%) -Here is the Bloomberg company profile- JPMorgan Asset Management Japan Ltd https://www.bloomberg.com/profiles/companies/JAFI:JP-jpmorgan-asset-management-japan-ltd Company Profile Sector: Financials Industry: Asset Management Sub-Industry: Investment Management "JPMorgan Asset Management (Japan) Ltd. provides asset management and advisory services. The Company, through its association members, conducts investment trusts management, investment advisory, financial goods trade, and other related businesses." -From JPMorgan Asset Management Japan webpage- JP Morgan's Investment in Japanese Equity https://www.jpmorganasset.co.jp/jpec/ja/promotion/japan/index.html "Of the many stocks, regarding the active fund of Japanese stock which carefully selects and invests companies and stocks with high confidence that the operation team considers to be "best", what operations team think regularly and the operation viewpoint etc to introduce." (Bold emphasis is mine)
  4. Exactly what I was thinking... first create the price drop, then buy into it... same financial shenanigans, different asset - happens every time. When you spot the big players/financial press talking something down, buy in. I knew it was time to buy a house when the entire financial press was broadcasting what a terrible idea it was.
  5. GiddyUp

    Stablecoins and Banks

    I dream of a world where all journalism is backed by research, approached with an open mind, and dedicated to reporting the facts from all facets. Unfortunately, this takes time that most journalists don't have with their deadlines and daily (or now hourly) reporting requirements. Things are always moving so quickly, and all issues are moving targets...
  6. Thanks @Chris_Reeves It looks like settlement is U.S dollars to U.S. dollars, so not so useful for cross-border settlement? "Over time" it will be extended to other currencies and they may see the function of XRP at that time IMO. (bold emphasis is mine)
  7. I completely agree, and I also think that many, many current systems are going to look absolutely ridiculous looking back...
  8. Quote from the article: "Provided there are liquid markets in the settlement currency, funding nostros can be done on the day of payment..." This is a very iffy "provision"...illiquid corridors, a specialty of Ripple and XRP "...you win"
  9. GiddyUp

    AMERICAN BANKER: Is this Swift's answer to Ripple?

    The lack of ledger makes again us believe that Swift is working on something but no actual evidence progress. There I fixed it https://failblog.cheezburger.com/thereifixedit https://www.thisoldhouse.com/ideas/there-i-fixed-it https://www.popularmechanics.com/home/how-to-plans/how-to/g519/10-hilariously-bad-home-diy-projects/ ...and I found a new video for "current" cross-border payments lol - it really works!
  10. These three points seem key to me: “We might be able to draw clearer lines once we see more blockchain projects mature. Delay in drawing clear lines may actually allow more freedom for the technology to come into its own”. “Congress may resolve the ambiguities engendered by Howey by simply requiring that at least some digital assets be treated as a separate asset class. Congressmen Warren Davidson and Darren Soto recently introduced a bill in the House intended to amend the federal securities laws to do just that, provided that the token truly operated in a decentralized network. Such an approach would facilitate more tailored disclosure”. “There is also great interest in exchange-traded products based on bitcoin or other cryptocurrencies. As I have mentioned in the past, I am concerned that our approach with respect to such products borders on merit-based regulation, which means that we are substituting our own judgment for that of potential investors in these products. We rightfully fault investors for jumping blindly at anything labeled crypto, but at times we seem to be equally impulsive in running away from anything labeled crypto. We owe it to investors to be careful, but we also owe it to them not to define their investment universe with our preferences”. (Bold emphasis is mine)
  11. GiddyUp

    Galgitron’s blog: The big race

    Galgitron has quite the imagination and deft use of the language. Kudos! A fun and entertaining read for sure
  12. GiddyUp

    Stealth to Health: Crypto in 2019

    Quote from Hodor's blog: "In some cases, it's difficult for us to get all of the data, however, so that's when we need to be able to 'see the whole picture' based on more than the sum of its parts. From a subset of these data points, we have to challenge ourselves to visualize how the next year will look from an XRP adoption standpoint, and what we can reasonably expect under a few different scenarios." "The funny thing?" "Each of us does this already, even if we don't realize that's what we're doing. Each of us is here because we were astute enough to intuit the future direction of financial growth worldwide in the cryptomarket. There's not many of us here, and when the rest of the guests 'arrive to the crypto party,' will it surprise you?" My thoughts: Two different points of view, and a nice summation by @Hodor (from his blog post). I don't feel like optimist, or dreamer or ADHD lol... My thoughts are that some people are more active than passive in life, some are more confident in their own research capabilities and native intelligence, some are just straight-up gamblers... But we all arrived here - early to whatever may happen, and we are all participating in what most of us believe is an historic moment in the world of global finance. I'm enjoying the ride and the company of all (or most ) of the forum members, whom I consider free-thinkers and kind of visionaries. The next stage is going to be exciting! I'm really looking forward to it.
  13. Things will not change for the consumer, regardless of what tech banks use for money transfers. Banks are there to make money. Banks lowering their costs for international transfers will only hurt the smaller players and remittance providers who do nothing but money transfers. They will see a decline in profits and go out of business. I'm not so sure - the smaller remittance providers are managing to compete now, seems like the whole landscape will become more competitive as the playing field becomes more level. JMO
  14. Nice call on the LTC, please keep posting your analysis
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