Will Interledger Be the New World Bank?

[Julian_Williams]

Very good article from J Collins of Philosphy of Metrics asking Will Interledger be the new World Bank?

https://philosophyofmetrics.com/interledger-is-the-new-world-bank/

"The unpopular truth which most do not see during this early time of adoption is the total dominance which XRP will attain in the future.  With payment apps and a whole new micropayment industry emerging, there will come a time when needing anything other than XRP will be forgotten.   Shush, don’t tell the Crown Beast! "

[RipplePiercing]

2 minutes ago, Julian_Williams said:

Very good article from J Collins of Philosphy of Metrics asking Will Interledger be the new World Bank?

https://philosophyofmetrics.com/interledger-is-the-new-world-bank/

"The unpopular truth which most do not see during this early time of adoption is the total dominance which XRP will attain in the future.  With payment apps and a whole new micropayment industry emerging, there will come a time when needing anything other than XRP will be forgotten.   Shush, don’t tell the Crown Beast! "

So much of this article relates to BearableGuy123's Cartoon he posted...

Lets hope it comes to fruition! 

[XRPHdlr]

Alex made a nice video discussing this article! It's the second part of the video:

 

[Ivandebeers]

I just dont see the Americans giving up their dollar superiority. What i can see is a possible merger of the US dollar and XRP. Seeing as the dollar is on a major decline globally as well as Americas rising debts, xrp will not be allowed to operate as a competitor to the Dollars superiority as an XRP global standard would be an instant dollar killer. XRP will eventually become the oxygen of the financial world. But a merger would see the US dollar rise in value again. Those in power would keep their dominance and have the edge against rogue nations.

[Ivandebeers]

12 minutes ago, HenryHole said:

So much of this article relates to BearableGuy123's Cartoon he posted...

Lets hope it comes to fruition! 

I think he was doing his own analysis of the bearableguy image

[Flintstone]

11 minutes ago, Ivandebeers said:

I just dont see the Americans giving up their dollar superiority. What i can see is a possible merger of the US dollar and XRP. Seeing as the dollar is on a major decline globally as well as Americas rising debts, xrp will not be allowed to operate as a competitor to the Dollars superiority as an XRP global standard would be an instant dollar killer. XRP will eventually become the oxygen of the financial world. But a merger would see the US dollar rise in value again. Those in power would keep their dominance and have the edge against rogue nations.

They won’t have a choice if a new reserve currency is established. A reserve currency based on the X-Rapid model would level the playing field.

Once DLT matures and stabilises, I wouldn’t be surprised if the IMF’s Special Drawing Rights becomes this reserve and XDR it’s currency.

[Sihtegroftnod]

17 minutes ago, Ivandebeers said:

I think he was doing his own analysis of the bearableguy image

Quite the opposite. BG123 based his picture off of that article. It's nothing more than a theory, a good one. 

[Pluto]

43 minutes ago, Ivandebeers said:

I just dont see the Americans giving up their dollar superiority. What i can see is a possible merger of the US dollar and XRP. Seeing as the dollar is on a major decline globally as well as Americas rising debts, xrp will not be allowed to operate as a competitor to the Dollars superiority as an XRP global standard would be an instant dollar killer. XRP will eventually become the oxygen of the financial world. But a merger would see the US dollar rise in value again. Those in power would keep their dominance and have the edge against rogue nations.

If America doesn't give up its Dollar Superiority, it will collapse by sheer magnitude of how much it owes the world in U.S.D and Bonds. Superiority is not always a good thing, specialy when you borrow based on that principal of trust. Too Large to fail maybe.

[xrp-pat]

27 minutes ago, Sihtegroftnod said:

Quite the opposite. BG123 based his picture off of that article. It's nothing more than a theory, a good one. 

I'm on my way mobile so can't check, was the article published before the image then? 

[Ivandebeers]

44 minutes ago, Flintstone said:

They won’t have a choice if a new reserve currency is established. A reserve currency based on the X-Rapid model would level the playing field.

Once DLT matures and stabilises, I wouldn’t be surprised if the IMF’s Special Drawing Rights becomes this reserve and XDR it’s currency.

America with their military dominance always has a choice. Without the dollars dominance America would be nothing. If the Federal Reserve acts quick and pegs the dollar to XRP rather than creating their own crypto currency that would be no different than any other countries crypto, america would fall behind. I think they will want to peg xrp to the dollar because xrp will be everywhere and playing the role of a reserve/bridge currency

[Ivandebeers]

19 minutes ago, Pluto said:

If America doesn't give up its Dollar Superiority, it will collapse by sheer magnitude of how much it owes the world in U.S.D and Bonds. Superiority is not always a good thing, specialy when you borrow based on that principal of trust. Too Large to fail maybe.

If America pegged the dollar to xrp, that would boost the dollar and america would get to keep their monetary dominance. They went to war in iraq and libya because saddam hussein and gaddafi wanted to sell their oil for euros and gold respectively. You thinking they will just bow out from a US dollar dominated world or peg the dollar to xrp which will be the oxygen of the financial system?

[Ivandebeers]

18 minutes ago, xrp-pat said:

I'm on my way mobile so can't check, was the article published before the image then? 

Good question. Which came first? The chicken or the egg?

[Pluto]

20 minutes ago, Ivandebeers said:

If America pegged the dollar to xrp, that would boost the dollar and america would get to keep their monetary dominance. They went to war in iraq and libya because saddam hussein and gaddafi wanted to sell their oil for euros and gold respectively. You thinking they will just bow out from a US dollar dominated world or peg the dollar to xrp which will be the oxygen of the financial system?

Pegging the U.S dollar to a deflationary asset would wreck to the U.S Economy. The Internet of Value (ILP and Hyperledger so far) was designed as a bridge between the world to reduce counter party risk. XRP is not a currency. You see America has been going to war with allot of countries only so to maintain the importance of the U.S.D as a reserve, it is specially interested in Oil producing nations because of the Petro-Dollar surplus these nations can accumulate. America also has selectively chosen countries with generally weak diplomatic and military capabilities for this endeavor. This is from a Cost/benefit standpoint and not a humanitarian stand point. In the early days Americans were perceived as the guardians of Justice, now the world has been increasingly seeing the U.S as Hypocritic bullies that use a nations humanitarian crisis to raaape and plunder its economy, and destroy entire generations of Human beings.

Karma had the last laugh, The U.S  is increasingly realizing the hole its being digging has been filling up with debt so much so that China today is the largest holder of American Debt.

Edited April 10, 2018 by Pluto

[Julian_Williams]

37 minutes ago, Ivandebeers said:

America with their military dominance always has a choice. Without the dollars dominance America would be nothing. If the Federal Reserve acts quick and pegs the dollar to XRP rather than creating their own crypto currency that would be no different than any other countries crypto, America would fall behind. I think they will want to peg xrp to the dollar because xrp will be everywhere and playing the role of a reserve/bridge currency

How do you peg the dollar to XRP?   There are trillions of dollars and only 100 billion XRP, what rate do you give XRP, do you divide the XRP into dollars to get a value?  The the US would have to buy stock of the XRP tokens to sell at the rate.  How do you print more Dollars without altering that XRP/Dollar relationship?  Other countries would simply ignore the attempt to peg the dollar to XRP and value the XRP how they wanted.

I think JC Collins has it right, countries will issue their own digital currencies, maybe using the technology/services of Ripple Labs.  People will put digital dollars in one end of XRapid and get digital Yen out of the other, the money will travel as XRP.  XRP would become the inter-currency, then people would just buy the inter-currency rather than have digital yen and digital Dollars, so XRP become the de facto reserve currency in which goods become measured.

By the way this is just me, a non economist, imagining in my head how things might work

Edited April 10, 2018 by Julian_Williams
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[stickmonster]

Not much tin foil required so far!

Any thoughts on timescales? I'm an old man