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jag216

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  1. Man, rewatching the segment from 10:30 or so - if that doesn't speak to the democratizing of money I don't know what does. Anyone can create a position - there is no authentication process. You pledge collateral and if a position doesn't already exist, it is created. This means you are free to pledge your assets in order to receive money on the ledger. Creating a position = bringing more of the stablecoin into existence. Redeeming a position = exhausting the stablecoin from the supply - it vanishes. Chills. Chills. Where's Bob Way to comment on this video man?
  2. The decentralized exchange built into the ledger seems to be central to the process - I'm sure something similar could be bolted on to the bitcoin blockchain, but it would be far easier to use bitcoin IOU as collateral on the XRPL.
  3. It allows the stablcoin money supply to be controlled by an open market of ANY ENTITY with assets to trade. For the first time in decades, the money supply would not be in the hands of central bankers, but decentralized asset holder behold to agreeable price feeds. In plain English, you will be able to create currency with your own assets - not just by promising to pay money back later. Savers are finally rewarded with the ability to directly empower a currency with their own assets and profit directly from the opportunity.
  4. If this gets implemented, this is absolutely history making, for reasons I stated in my comment on the video itself. tl;dr - if XRPL puts this is motion, the price of XRP is no longer a concern to me - the power of XRP on the global stage takes over. The only question is my mind is: who will be the first nation to put their own national stablecoin on the ledger and collateralize it with their natural resources. The very idea that asset holders effectively control the money supply by collateralizing or redeeming collateral against the coins - this is monumental. This technology makes the quantum leap from debt-based financing of the monetary supply to asset-backed currency but does it in a decentralized way where the incentives potentially keep the engine afloat - so long as there is a reliable price feed available that is not misrepresenting prices or is otherwise a bad actor. It puts a lot of power in the hands of the price indexes, but with the transparency of the ledger we'll be in a unique position to determine whether the price feeds are properly calibrated or not. The idea that the absence of a price feed prevents redemption and buying of collateral positions but places no restrictions in the transaction layer of the stablecoin itself is another stroke of genius - instability in underlying asset prices freeze the volume of money but allows the existing stablecoins to flow freely - this is a tremendous innovation in comparison to traditional gold-back currencies or other asset-backed basket currencies. Previously, it was possible for asset holders to pull their assets and effectively kill the money supply in a panic state, but by placing the price volatility sensor at the feed level, you can lock down the underlying value of the money while allowing the money at the consumer level to continue to function. I watched the video on my way to work and just slide after silde this presentation blew my mind in terms of the convention asset-backed currency problems it solves. I'm sure there will be new problems that it raises, but my hat falls to the ground to the JK if they are able to implement this on the ledger as he describes. It will allow responsible countries to soar - SOAR - into the new level playing field economy and there will be a flight to quality by other countries that will move so fast that our collective heads will spin. I look to the countries with the most natural resources and reserves and lowest debt to GDP - and it seems crystal clear to me who the likely candidates are to establish their stablecoin nationalized currency on such a system as DS suggests: Estonia Russia Saudi Arabia Hong Kong India I have said before in chats and on telegram that very soon the first tier digital asset layer will be entire inaccessible to the common retail investor, and markets for the masses will revolve around the trading and commerce of stablecoins built on the fundamental utility layers. 1%ers in XRP will be playing in banking territory potentially, buying out risky collateral position in stable coin and earning premium on this. But it would change everything about how governments run finance - central banking has to get into a totally different car and let others drive - which is fascinating.
  5. Is that was Weitse was using to do his tutorials? I haven't had a chance to work through them yet but it is on my weekend code warrior list.
  6. DId I miss something? I thought XPring was an initiative - I didn't realize it was an actual development platform.
  7. The bias in these results is clear. And the digging done has revealed one of these parties is well-known for using high frequency trading to manipulate pricing in conventional and derivatives markets. Now they are into Bitcoin - I'm hoping Max Keiser eats his own... words... on this. This news coming out as Ripple picks up steam and pulls from the pack a bit smells like a price manipulation effort to me. Discarded.
  8. Total guess here: David Schwartz has said in the distant past when asked about anything that he felt most people did not know or understand about XRP and the XRPL that the lending platform was a facet of the ledger that he was very proud of but felt at the time that it was completely underutilized and he hoped that would be something that changed in the near future. Decentralized finance offerings can possibly do just that, bringing an XRP powered banking experience that is a rapid transfer bank in your pocket/cell phone. Rather than have centralized fractional reserve banking, the system could potentially open the door to earning interest through peer to peer lending that requires nothing more than collateral on offer, smart contracts and a digital wallet. Kava Labs is also in this space - it will be interesting to see if these services compliment or compete.
  9. I watch Modern Investor every morning, I like the humor and agree with much of his cynicism, though sometimes I feel like I have no idea what he is talking about and he says he doesn't know things that I feel like he either should know or actually does know but is playing it safe. And yes, wherever I am, wherever I happen to be, I am absolutely fantastic Next up... I do watch Crypto Eri - love the fluff and the dense stuff. Suzie every once in awhile comes up with a brilliant bit I do say - I appreciate her perspective when she takes her time with it. The markets are dragging on - 'When there's nothing to do, it is hard to do nothing. When there's nothing to say, it is hard to say nothing.'
  10. So I had a crazy dream last night, I was at a healthcare conference in my own city, for some reason we were staying in a hotel downtown. Sitting at a rooftop bar watching tornadoes landing on the horizon, my dad's former boss pulls up at the table with some sort of umbrella drink. He says to me, I know you are still in Ripple, but those guys are all rich already - they got their money. Skeptical, I asked him who he's got money on. "Continental Coin. Wave of the future." I woke up, the circumstances were too weird and I never dream about stuff like this. There is no Continental Coin. But I found something else that really warped my thinking on crypto and utility. A partnership between Continental, Hewlett Packard and a tech startup called Crossbar. They have been developing IoT apps for cars first, micropayments second. I know this is a totally crazy thought - to try to establish a utility framework before ever laying a token on top - but that seems to be precisely what these folks are doing. They are working out mesh technology that allows cars to share information about parking spaces, the idea being cars contributing data could be informed of available parking at venues in real time. They have proposed micropayments compensation using off-chain transfers of a native utility token XBR that was going to settle on Ethereum. Sounds similar to how Kin runs a double chain - stellar fork for in app payments and then settling to an Ethereum chain eventually. It got me thinking about how we chase after the token projects so readily in this space, whilst letting the actual utility networks developing fly completely under the radar. The interesting thing about their white paper is that they don't care what chain the micropayments settle on - if Ethereum isn't the best choice when they are ready to deploy, they'll use something else. Seeing a project worried more about utility and less about token economy was quite refreshing. The smart vehicle space seems to have a lot of these utility projects under the covers. I'm guessing micro aviation and drone fleets are also developing similar utility economies. Maybe these "token-first" projects capturing all the speculator limelight are missing the point? https://www.continental-automotive.com/en-gl/Passenger-Cars/Interior/Software-Solutions-and-Services/Continental-Parking https://www.parking-net.com/parking-news/continental-parking-data-services/makes-sharing-vehicle-data-easy
  11. I thought the rule was you don't have to admit you're wrong so long as someone else is more wrong.
  12. Too bad publication has a lower barrier to entry than making actual investments with skin in the game.
  13. When you hear the Digital Asset Investor on youtube, which person do you see in your mind?
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