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Rob12

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  1. I wonder if you could begin with something like what some unions or religious organizations do, where members pay insurance premiums to the group and then benefits are distributed as needed, bypassing all major insurance companies.
  2. In addition to this, an individual has the ability to access the cash value in a Whole Life Policy (once it has accumulated the value), so locking it up in escrow wouldn't work at that point. However, upon payout of benefits, an annuity (which is an acceptable form of payout for benefits) could be put into an escrow and then transferred to ownership of a beneficiary. Unless you can figure out a way to have constant growth, though, a lifetime income annuity would not work in my opinion.
  3. Could it allow for access to health insurance while traveling outside of your coverage/network area? I.e., instead of purchasing special insurance for traveling to a foreign country, can it eliminate that need as cross-border payments become easier and faster?
  4. FWIW, CBS Sunday Morning did a story about Sardex recently that seems to show exactly what you are talking about with the grass roots, community based economy: https://www.cbsnews.com/news/sardex-creating-new-wealth-on-sardinia-without-cash/
  5. I made a little money today doing some BTC/USD trading, but BTC didn't go back down after my last trade, so I'm stuck with USD waiting for something to drop. I could go ahead and put it in XRP since that was eventually where it was going. Maybe I'll give it through the night to see if BTC drops again.
  6. Thanks! I stopped short of getting licensed in any series that would let me go in deep on things like that, so I'm still a bit foggy.
  7. @TiffanyHayden, you should now consider yourself among the same class. I may be a new user here, but I've been lurking for several months. The fact that you both praise and question, and that you use your real name, gives you so much credibility to me that I always pay close attention to any of your posts here. You don't take crap, but you're also not a jerk to anyone who doesn't deserve it. Keep on posting what you've learned from the masters and the next generation will glean a ton of useful info from you. Thanks for your efforts!
  8. Correct me if I'm wrong, but I've always considered derivatives to be basically buying or selling a contract to buy or sell something at a future date (which may or may not be fixed) for a specific price. For example, if you believe X Asset, currently priced at, say, $1 will tank, then you could buy a contract which says you can sell X Asset at $0.98 in the future. For this contract, you would pay more than $1 because you could make significantly more money selling it for $0.98 while the market has it at $0.45. Or conversely, for same X Asset valued at $1, you could buy a contract to purchase it at $1.02, while expecting it to go to $2, in which case you would make a ton of money then. Of course, the risk comes in the fact that possibly X Asset will go in the opposite direction of your contract, in which case you could lose what you paid for the contract without ever acquiring and/or selling X Asset.
  9. Could it have something to do with the lockup? Didn't they say they wouldn't announce it ahead of time but there would be signs for those who are looking?
  10. That's actually what led me to Ripple and XRP. I still don't really understand what blockchain is, but I do know about bank payments and settlements and international funds transfer and SWIFT. That alone was enough to help me decide to finally buy in
  11. If you just buy XRP on Polo there's no reserve, but if you want to send XRP there to deposit, it asks for the 20.
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