Jump to content


Gold Member
  • Posts

  • Joined

  • Days Won


WrathofKahneman last won the day on February 11 2020

WrathofKahneman had the most liked content!


About WrathofKahneman

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

WrathofKahneman's Achievements

  1. Yeah, it's kind of wild - in the last ~24hrs, they've tweeted out working w/ XRP in the Philipines, XLM in Africa and XRP again in S. Africa. It will be interesting to see what countries/gateways would be involved w/ XLM
  2. I was disappointed in the article. It doesn't clearly delineate the issues and is not clear about the specific XRP case issues involved. It also takes some cheap political shots in the process. I suppose it's good to have national media coverage, but I'm not sure it will help understanding of what's going on beyond the headline.
  3. Not exactly sure about Sept, but the 11 min delay in Nov. has been discussed. There were a number of validators on the XRPLF UNL that went down at the same time (for unrelated reasons). The Ledger halted until sync could be established without dropping any tx's As a consequence, at least for the XRPLF UNL, the foundation has removed some of the shakier ones from their list: https://blog.xrplf.org/interim-update-to-unl-on-nov-9-2021 And the XRPLF did a brief writeup of events, here: https://blog.xrplf.org/status-of-analysis-of-halt-on-nov-3-2021
  4. For fun and confirmation -Matt Hamilton was asked to explain the liquidity Hub (ELI5) and further down
  5. I believe it just means sourcing tokens for customers efficiently, using the tools they've developed for ODL.Their Insight article touts the ability for the clients to "buy, sell and hold digital assets" and they appear to have been careful to distinguish it from XRPL use. Nothing is being tokenized on the XRPL, tokens are moving from Ripple to customer wallets. The interesting piece is that they will offer a line of credit through XRP to eliminate pre-funding. So Ripple will put the needed XRP amount on the exchange to purchase the desired BTC (?). The client pays a premium, but it allows them fast crypto grabs. A parallel circuit to xrp/fiat transmission, and not a competing one; an added service. Questions: Why/who needs to source crypto like this? (particularly of their clients. Birla mentions banks.) Does this increase XRP sell pressure? (long term a higher XRP price would benefit buying other crypto) Does the ability to source this kind of crypto liquidity increase their ability to provide fiat liquidity? In other words, will multi-hop allow them to source value from other crypto now, too, to offer lots of fiat liquidity in tight places? What is the custody role in all of this? Are they becoming a new crypto clearing house or not at all. Custody not mentioned in any official docs so far. source: XRP LOC - https://www.cnbc.com/2021/11/09/ripple-launches-enterprise-crypto-feature-amid-legal-battle-with-sec.html Birla talking about building on top of existing exchanges, not competing - https://finance.yahoo.com/finance/video/ripplenet-gm-why-crypto-stay-173449837.html Insight - https://ripple.com/insights/ripple-liquidity-hub-for-the-enterprise/
  6. Yeah, this was my impression as well given his description of it as sitting on top of Coinbase, Bitstamp, etc., vs. competing with them. I am curious though - what kind of demand is there really to move these assets apart from sourcing them at exchanges Is it simply the all-in-one interface that business love; are there lots of businesses who have sunk value in coins they want to use, or is this a payment play. They speak of liquidity - is it the asset or the assets value that's desired in the hub? Really want to see a diagram/schema
  7. Fwiw, taking possession of Songbird in BiFrost no value can be displayed so it is reporting as worth nothing right now. Bodes well, I hope for US taxes.
  8. Not sure the tweet embedded, but it's still early. FTSO - 3.5m BiFrost -3.1m FTSO AU -2.2M FTSO UK 1.7m What's impressive to me is that, as far as I can tell, there has been a lot of uptake with BiFrost, which probably put a lot of delegation in their FTSO. Meanwhile everyone on MM has to fumble along (disclaimer - MM irritates me ) Hope you are surviving & thriving in the blitz, @FTSO_AU. More to come!
  9. The Coinbase/Armstrong comments are totally disingenuous. It's pretty clear - on the first page of the Securities act of '33- that loans are a security and there are 7 exemptions, none of which fit their proposed product. If I, internet spitballing schlub, can find this info inside of 30min and gain a basic understanding, shouldn't a publicly listed corporation whose CEO went on to head a regulatory agency at least have a clue? They wanted feedback to make it work, but the SEC told them it doesn't. What more should they have said? If Coinbase wants to lend like any bank, then they can subject themselves to banking regulations and back loans w/100% actual collateral. They know this. I can see that some original sales of XRP to bootstrap things might be securities, just like ETH was, but that the security status is not inherent and no longer applies to XRP. I hope it isn't true, but it's at least reasonable in light of current regulations. (slap on the wrist for sales ~10 years ago, XRP not a security, Larsen & Garlinghouse cases dismissed) The concerning thing is that the SEC seems awfully capricious in how they administer the law, and clearing ETH as a security only highlights this. US regulations need to be cleared up ASAP. Why are some platforms are allowed to lend, but others aren't? They will, in the end, all be regulated though because they pose a risk to the existing financial world, i'm sure. But Coinbase is just an opportunist trying to leverage the sentiment around the Ripple case. Honestly, they can pound sand.
  10. Probably, but tbh, I enjoy the silence. It looks like they are learning on the fly about marketing and comms.
  11. So the premise of the video is great; Velo is a competitor to Ripple in the region. You have to expect competition. Some further considerations about the issue: Stellar and XRPL work in much the same way, and they are talking about using issued assets. That means there is counterparty risk to using the Velo token instead of XLM. This risk can be mitigated by the contracts people sign to join the network. It's not an unreasonable risk - banks must trust each other somewhat as is. It also in all likelihood means prefunding larger payments - at least that's what some of the Lightnet stuff has seemed to say. (Notice in the 2nd interview they are comparing to stablecoins - which IBM issues on Stellar, but they don't want that, they want to be able to peg their own values; tokenize as they see fit among the participating people.) Velo has partnered with Tempo Payments and Bitazza who work with EU corridors. I believe Bitazza is a Lightnet investment. The press calls it a $17b corridor that is opening. I wonder how much/yr those two apps generate. A bigger threat than Stellar is that the company has Royal Family backers/ involvement. That goes a long ways towards trust and making connections. Don't forget that Thailand, too has an agreement with Malaysia for linking their national payment systems in a xborder mCBDC kind of system. That could impact remittances in the region. And after issuing 30b, only 40m are sold. Bootstrapping that kind of liquidity is hard So it's competition, but the question is whether the influence in Thailand can command enough tokenized assets among participating banks to provide the necessary liquidity.
  12. Fwiw, on the 2nd(?) beta, a great number of people were trying to pile into YFIN for the rewards. I don't know if that holds true when the platform goes live - real money changes things .
  13. I'm excited for Noise! I appreciate your comments, really, but my bias though is that evolutionary psychology is a pseudoscience. With respect, it is the phylogenic approach that's the problem. You just cant biologize cognitive science and then explain how those cognitive traits came about by evolution; it begs the question. We do not understand the mind-body problem, so how can we create narratives about how it developed a million years ago - based on what fossil records? It's just storie-building without any evidence. All it is left to explore is analogy, on a compressed evolutionary time scale, with no account for culture. But again, I am biased and the field, while popular, is very controversial. (He said on an XRP board... I'll stop now )
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.