Popular Post Hodor Posted March 10, 2019 Popular Post Share Posted March 10, 2019 Blog URL:Β https://xrpcommunity.blog/the-global-economy-needs-instant-value-transfer/ Β The global economy wants - ππ£π π£ππππ¨ - real-time payments! I cover this & the latest news impacting XRP in today's blog: πππ§ππ«ππ₯ ππ«π²π©ππ¨ πππ°π¬: Readers should strongly consider supporting Christine Lagarde, the current Managing Director of the IMF, as she champions serious debate of digital assets. ππ’π©π©π₯π πππ°π¬: Ripple donates one million dollars to Tipping Point, a local San Francisco non-profit; And the first ILP Summit is announced.Β Β ππ¨π’π₯ πππ°π¬: Ben Sharafian peppers social media with some recent innovative Coil-related code snippets for developers to use. πππ πππ°π¬:Β A new version of XRP Validator software is formally announced after the end of the voting period; the XRP Community Fund announces a bounty for a WooCommerce plugin; A member of the Good Souls Group (XRP Charities) announces a fund-raising campaign & t-shirt raffle for Children on the Edge; Fidelity announces a soft rollout of their new institutional custody and crypto exchange platform; SBI re-targets this July for roll-out of their real-time trading on SBI VC; HuobiGlobal announces support for XRP in its OTC platform; and QB.com, a Hong Kong - based crypto exchange, announces support for XRP; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so!Β My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread emsemporium, pucksterpete, carpetbelly and 25 others 15 13 Link to comment Share on other sites More sharing options...
pucksterpete Posted March 10, 2019 Share Posted March 10, 2019 Sundays, another great read to comeΒ Β Hodor 1 Link to comment Share on other sites More sharing options...
Vader-DeWelt Posted March 10, 2019 Share Posted March 10, 2019 Are you sure it needs instant value transfer? Sometimes it's better to wait. Sometimes there are hidden advantages to having to wait. I can think of many. I don't think the world will become a more fair place when we get instant value transfer. Probably less fair, frequently. Β madmatt 1 Link to comment Share on other sites More sharing options...
zenkert Posted March 10, 2019 Share Posted March 10, 2019 Great Blog as always @Hodor I find this part of the quote of Christine Lagarde particullary true. Quote More fundamentally, the case is about changeβbeing open to change, embracing change, shaping change. If not, others will do it. ColonelCryptoCurry and Hodor 2 Link to comment Share on other sites More sharing options...
zenkert Posted March 10, 2019 Share Posted March 10, 2019 1 hour ago, Vader-DeWelt said: I can think of many. I don't think the world will become a more fair place when we get instant value transfer. Probably less fair, frequently. Care to elaborate that a bit? Hodor 1 Link to comment Share on other sites More sharing options...
Hodor Posted March 10, 2019 Author Share Posted March 10, 2019 15 minutes ago, zenkert said: Β If not, others will do it. ο»Ώ Completely agree.Β Those that do not stand to gain will resist innovation; history is fairly clear on what happens to organizations that choose to resist technological change instead of adapt.Β ColonelCryptoCurry, cryptoxrp and zenkert 3 Link to comment Share on other sites More sharing options...
Vader-DeWelt Posted March 10, 2019 Share Posted March 10, 2019 10 minutes ago, zenkert said: Care to elaborate that a bit? No. Instead I will just mention that transfer of value is often accompanied by legally binding contracts. Most of the time people can't just create these contracts on their own, they need to be represented by people who are sanctioned. Fast transfer of value can facilitate abuse of fiduciary duties. Now. I know this isn't a popular position around these parts. I don't have time to read to all the outcry. Instead of responding to me and extending a completely pointless conversation you should just think about what I'm saying. Link to comment Share on other sites More sharing options...
zenkert Posted March 10, 2019 Share Posted March 10, 2019 Just now, Hodor said: Completely agree.Β Those that do not stand to gain will resist innovation; history is fairly clear on what happens to organizations that choose to resist technological change instead of adapt.Β So true. Link to comment Share on other sites More sharing options...
zenkert Posted March 10, 2019 Share Posted March 10, 2019 6 minutes ago, Vader-DeWelt said: No. OK. ColonelCryptoCurry 1 Link to comment Share on other sites More sharing options...
Hodor Posted March 10, 2019 Author Share Posted March 10, 2019 2 minutes ago, Vader-DeWelt said: Fast transfer of value can facilitate abuse of fiduciary duties. Can you provide an example?Β I'm still not sure what you're getting at.Β Β Sharkey, ColonelCryptoCurry and elias 3 Link to comment Share on other sites More sharing options...
richxrp Posted March 10, 2019 Share Posted March 10, 2019 18 minutes ago, Vader-DeWelt said: No. Instead I will just mention that transfer of value is often accompanied by legally binding contracts. Most of the time people can't just create these contracts on their own, they need to be represented by people who are sanctioned. Fast transfer of value can facilitate abuse of fiduciaryο»Ώ dutiesο»Ώ. Now. I know this isn't a popular position around these parts. I don't have time to read to all the outcry. Instead of responding to me and extending a completely pointless conversation you should just think about what I'm saying.ο»Ώ In plain english, you mean like, it would be easier to scam people if value became easier to transfer instantaneously ? I would presume that one would validate contracts first and ensure everything is above board before attempting to transfer value and execute contract terms ?.. so from my perspective having the capability for instantaneous value transfer has absolutely nothing to do with fiduciary duties.. Β ColonelCryptoCurry, cryptoxrp and Hodor 2 1 Link to comment Share on other sites More sharing options...
King34Maine Posted March 10, 2019 Share Posted March 10, 2019 Great blog post as usual @Hodor. However, I'm not sure if you were aware of the new Interledger ConnectorΒ configuration by Coil called Rafiki. cryptoxrp, KarmaCoverage and Hodor 2 1 Link to comment Share on other sites More sharing options...
KarmaCoverage Posted March 10, 2019 Share Posted March 10, 2019 @HodorΒ good write up. Market dynamics are coming into shape. This is a one way road. Truckdriver, Hodor and Julian_Williams 3 Link to comment Share on other sites More sharing options...
Benchmark Posted March 10, 2019 Share Posted March 10, 2019 46 minutes ago, Vader-DeWelt said: No. Instead I will just mention that transfer of value is often accompanied by legally binding contracts. Most of the time people can't just create these contracts on their own, they need to be represented by people who are sanctioned. Fast transfer of value can facilitate abuse of fiduciary duties. Now. I know this isn't a popular position around these parts. I don't have time to read to all the outcry. Instead of responding to me and extending a completely pointless conversation you should just think about what I'm saying. Every technology can be used for good andΒ bad, kid. And indeed, it's better not to reply to you. Β zenkert, Sharkey and Truckdriver 2 1 Link to comment Share on other sites More sharing options...
Truckdriver Posted March 10, 2019 Share Posted March 10, 2019 Very nice @HodorΒ , a ledgend applauding a ledgendΒ .Β "All banks - including these large correspondence banks - must either change, or face a rapidly - declining market share." Thats it really, It's a case of the haves and the have nots. You either have the technology to service my requirements or I go somewhere else.Β Banking nowadays your just a number,Β you hardly go in to a bank, the teller doesn't know your name or banking history so what loyalty do we on them , Nothing !Β A great read as always with my coffee, thanksΒ very much appreciated.Β Hodor, Julian_Williams and Roaring_Twenties 2 1 Link to comment Share on other sites More sharing options...
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