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About carpetbelly

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  1. but then you still have to hope that person in mexico can cash out that fb coin and that fb has partners in mexico that will either accept said coin or allow it to cash out... and im sure they will, but you'd imagine that person receiving it would rather cash out in fiat. Then again, i dont think competition is a bad thing. No ones going to have 100% of the market.
  2. For me, as Brad said in his interview. Ripple are going after enterprise players, this looks like it would be targeted (only a brief skim of the whitepaper so a total assumption I could be wrong about) for retail items. I only see it as a positive thing that a company that size is coming in and can give regulators a kick to help speed things along. Also help educate the masses more and just generally increase visibility of the ecosystem. Though for me, I agree with others. Trust facebook with my banking data? lol. No thanks.
  3. Man, this is great to see and thanks for the update
  4. Ahh man, this thread made my morning before I start doing any work haha!
  5. liability is key... and also you get into philisophical discussions with self driving cars. If the car has no choice to crash and you have two options, you take out a pedestrian or you kill the occupant? What do you program? If you kill the occupant then does their family sue the manufactorer, programmer? Do you then just take out the pedestrian and risk outcry from society that someone walking along shouldnt be in danger from a self driving vehicle? Do you take age into account? If it's a child? Do you risk weight an older person and deem who's more acceptable to save? (if there's such a thing!). These are all things that Ive seen when I worked on insurance systems bounded around in white papers for possible self driving cars. And things like who's at fault if self driving cars are on the road with normal cars. What happens then with more variables in the mix. it becomes quite a fascinating debate.
  6. If you're gonna do that can I join and bring some cheese?
  7. I could swear you're repeating yourself now... Oh well, the joys of everyone being a critic apparently on the internet
  8. This... done a few bank system implementations in my time and when getting tenders from companies they've always had to recommend what staff would be needed to implement the software roughly. That's added into the costings, PMs, BAs, Testers etc all cost money. And is a big part of any project budget.
  9. that's gone with age? there are pills that can be got to help that pent up feeling again...
  10. now or never... nope. Will it happen, Im gambling on it, but things move slowly especially in banking systems. And as we've seen, how many delays from things like SBI etc. Things never go as well as they plan, I've pulled out enough bank systems and replaced with others to know, it never goes on plan. Never goes to budget. Never goes right first time either. When you have regulators & more importantly customers that will be breathing down your neck. Brand damage implications, i think you'll understand, especially for the big ones, they will move exceptionally slowly and carefully. Take things like the KYC/AML/Sanctions side. That has to be right. If i remember rightly the top 10 biggest bank fines ever were due to KYC/AML and Sanctions items. No bank wants to be hit with those when they range into the billions. IMO it will be slow... Pilots will be extensively run and validated. And staggered roll outs. When all the regulation and testing has shown to be ok. Time wise? Who knows. Unless you know and are involved in the projects I doubt you'd have any clue whatsoever.
  11. She has an awful lot of senior banking expertise, and as others have said very pro xrp. And sadly been attacked a little, but i do like her insights myself.
  12. Id use bitcoin to actually pay for things previously, never even thought about it as an investment (how annoying looking back on it now)... early 2017 i noticed the gains id had in the little amount of bitcoin id been using and thought hmm lets look into this more and what else is out there... given ive worked in banking systems for as long as i dont want to admit to. Granted only recently got more into the payments side and more fin crime than anything else. But at the time i was used to sending money abroad and felt the pain. Saw what ripple was trying to do, and thought well, that makes sense. Why cant money flow like data at teh end of the day most things are stored electronically. Sort out security, regulations and all that malarkey and it just was like yeah, that's where i wanna put some money. At the end of teh day. I just see it as a win for banks. Should make things less complicated, should reduce costs (which they dont necessaryily have to pass all the savings on thus increasing cost/earnings jaws so so speak), be faster, and quite importantly a better customer experience. And given the fact they've been engaging regulators, i thought well, this has to be a gamble but an educated gamble I say.
  13. Hi Bob, Im Gene, Ive worked in banking systems for long enough... If I have an idea, I wont buy a yacht but ill hire one for a party and you;ll get an invite for sure! Thank!
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