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About Zedy44

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  1. I'm sure the SLO's are well established before customers jump into ODL. It's pretty clear there is an orchestrated "ramp up" and customers are likely suggested or agreed upon per SLO's to maintain a certain level of stabilization in their use of the ODL product. Ripple may even provide signals (i.e. the UK corridor announcement recently) to customers regarding when and how to use ODL. It's pretty early on. I don't think anyone except MGI is wagering a serious bet on ODL (yet).
  2. Excellent video! I love David and how capable he is at connecting the dots for both the layman and the experts and he does it quite elegantly. I work with people like this daily and they are a rare breed these days. It's also really nice to see a brief look at how, why, and where Ripple is doing what it is doing from an investment perspective.
  3. The spread that banks and FI get on your deposits is probably pretty significant, but the depositer only receives a fraction of the interest. I think these crypto lending platforms are doing similar borrowing as the many other personal loan companies out there except they collateralize with crypto. Higher risk, higher reward. They are also likely reinvesting some of the funds broadly outside of digital assets to ensure some minimum stable rate of return. For example look at how Robinhood collates all users deposits and reinvests the money to turn profit. The zero commission trade is all the hype, but it’s really just misdirection. The spread is wider in such an environment so the platform never loses on a “free” trade and the real money maker is in the idle deposits they can use as they see fit. Remember there’s no FDIC insurance on any of these lender accounts. It’s not regulated the same as a bank account.
  4. You’ll want to look closely at the insurance coverage from LoL I think it is limited in its actual scope. Similar to Cred that uses an insured custodial service with limited liability. For me the big draw to Celsius network is the lack of any long term commitment required and the CEO is a successful entrepreneur whose got a track record of building businesses around early adoption of technology. I guess my tax concerns would be over how the funds are paid. If you are getting paid in USD that’s fine and that’s how I use Cred right now for simplicity sake, but if it’s paid in anything else are you going to have to report that separately for the cost basis each week for each non-USD payout?
  5. Not with Bitcoin, but I use Credearn and USDC on Uphold right now. Celsius network is another option and probably a bit safer than Cred given a few people have had issues with Cred and their automatic re-enrollment mechanism at the end of each term. I still think the lack of tax clarity in the USA makes using these lending services a gamble and potential tax liability headache in the long term. Maybe citizens of other countries will fare better with their local tax laws or lack-thereof.
  6. I'd rather trust that octopus. You know the one that picks the football world cup winner every few years.
  7. Yes I agree demand far exceeds current volume and the volume ramp up is completely orchestrated by the current ODL users. There’s probably more than enough data to algorithmicly process the ramp up with little risk to the businesses. Question I have is when will they target the Forex markets once the volume has ramped sufficiently...
  8. Interesting...they're moving towards analytics and automation as a service for cross-boarder payments performance. It's a "nice to have", but the bottom-line product value is going to be in the savings that ODL delivers. Neat feature, but not game changing IMHO.
  9. The ODL tracker is looking for XRPL activity between any two verified ODL exchanges that ultimately results in a sale of XRP to the local currency within a few seconds of the XRP transfer. Not a bad way to start hunting for ODL activity.
  10. Yes the existing (and now extended) partnership between Wallmart and Moneygram was a hidden gem when the Moneygram partnership was announced. Adding Ria to the mix just increases exposure and puts pressure on other money transfer services. I'd like to point out that Moneygram as a money transfer service is also offered at CVS as well. The reach that Moneygram has is pretty significant and people do use these services regularly as they are located in high traffic easily accessible locations.
  11. The 888 accounts associated with a single entity looks odd. Maybe an experiment? Whatever they are doing it cost them about $5K to setup. The transaction volume doesn't look threatening in any way.
  12. This sounds fairly plausible. Maybe Ripple advised for incremental volume targets for MGI and others to reduce risk of increased volatility around available liquidity across exchanges? If the trend on the charts continues, in addition to XRP's price slowly rising with the rest of the market, I'd also expect to see a significantly more stable XRP price if the rest of the market turns downward temporarily while in one of these higher XRP volume channels. Basically price will appreciate as the market appreciates, but downward pressure is nearly eliminated during these xRapid volume ramp ups. So liquidity will steadily be built over time with the only downwards pressure on price/iquidity when the rest of the market swings down during the low xRapid volume days of the month. Kind of like 3 steps forward, 2 steps back. This would lead to baby steps with liquidity / price and volume increases.
  13. Didn't someone report recently that student loan debt delinquencies in the US has for the first time surpassed mortgage debt delinquencies? I really don't see the housing market imploding again like it did in 2007-2008. For example,. if the US / global economy falls into a recession you can almost certainly bet when people have to choose between paying their student loans vs paying their mortgage they are going to choose their mortgages. This will subsequently cause the student loan delinquency rate to skyrocket similar to the mortgages during the last recession, but with limited damage to the broader markets since student loan debt is not liquid in any way. It's not like in 2008 when people owned something of tangible value in a home which lost 40% of it's value almost overnight. There's nothing for the lenders to offload like foreclosed homes or short sales. It's just debt obligations tied to individuals with nothing they can reclaim. I doubt there is much the banks and lenders can do to offload the bad debt except forgive most of it and overhaul (regulate) their lending practices to prevent such a bubble in student loans from ever occurring again. The only other major debt item I see barreling down on the US economy in the next decade are vehicle loans. New vehicles are prohibitively expensive, yet people are still purchasing them with 7 year car loans. If they trade in and roll their loan over within that 7 years, probably around the 3-4 year mark, the second note is going to be absurdly high for the value of their second new car. People will walk from these bad loans. This combined with the rise of ride sharing services rapidly on the rise should lead to a big overhaul of the automotive sales industry in the US.
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