BobWay Posted April 29, 2019 Share Posted April 29, 2019 (edited) I've been working on a rough syllabus for what I'd like to discuss in the study group. Deciding how to order the topics has been pretty tricky. It is very likely that we'll all decide to change the ordering around as we begin our discussions. I may also try to merge some topics into a single session. But we need to start somewhere. Please let me know if you have any suggestions or if you notice any missing topics that you'd like to discuss. Introduction 1. Rippling Payment Basics Foundational 2. The Shape of Money 3. Blockchain Technology 4. How Prices Move Intermediate 5. Cryptocurrency Ideology 6. Money Flows (Cross Currency) 7. Advanced Configuration Shapes Advanced 8. Anyone to Anyone - Expanding the network 9. Smart Contracts 10. Opportunities & Lessons Learned Edited April 29, 2019 by BobWay Jopie, jlr, Kaloone and 5 others 8 Link to comment Share on other sites More sharing options...
BobWay Posted April 29, 2019 Author Share Posted April 29, 2019 1. Rippling Payment Basics Tech Training Deck Ledger Graph Notation Entities Accounts Orders Payments Rippling Payments XRP Ledger Privacy Scalability Compliance Messaging Off Ledger Addressing Compliance ILP Privacy Scalability Instant Settlement Pattern Synchronized (Atomic) Accounting Avoiding Risk Inclusion Hands-On Setting up a testnet address/secret pair Definining a testnet name/address pair Creating a fiat currency account Receiving fiat Sending fiat to others Creating a second fiat currency account Circular payments to convert one fiat currency to another Market Orders Viewing the current market Creating your own order Understanding Lowest-Cost Pathfinding Jopie 1 Link to comment Share on other sites More sharing options...
BobWay Posted April 29, 2019 Author Share Posted April 29, 2019 2. The Shape of Money (Systems) Money Itself = Liquidity Definition (see the IMF doc on cryptocurrency) Medium of Exchange Unit of Account Debt Repayment Contracts for Future Payments Store of Value Ledger Graphs Federal Reserve Notes Banking Facilitating payments Local Money Idealogical money Gateways Local Money on XRP Ledger LETS Liquidity without Money Cryptocurrency Money without promises Multiplying the Utility of the Existing Money Increasing its Velocity Local Banking circulates money faster in a community, allowing the same money to pay more bills. Local Money circulates money faster in a community, before that money leaves to pay remote bills. Lending - increases the velocity of money Local Banks Increases the velocity of the "horded" money. Increases the value of the "hoarded" money by allowing it to find work. Keeps the "horded" money in the local community, so it doesn't have to leave to find work. Increasing Liquidity without Increasing Money-Tokens Bank Lending -> Creates liquidity without creating tokens Personal Lending-> Creates liquidity without creating tokens LETS -> Creates liquidity without creating tokens Social Credit -> Creates liquidity without creating tokens "Good ol' Boy networks" -> Creates liquidity without creating tokens Cryptocurrency Crypto Investors -> Creates liquidity without creating tokens Crypto Lending (WTF?) -> Creates liquidity without creating tokens Fractional Reserve Banking Zero Reserve Banking Safe Deposit Boxes Collateralized Lending https://www.thebalance.com/collateral-loans-315195 Hypothecation https://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=1391&context=jcfl https://heinonline.org/HOL/LandingPage?handle=hein.journals/umkc84&div=48&id=&page=&t=1556480751 Link to comment Share on other sites More sharing options...
BobWay Posted April 29, 2019 Author Share Posted April 29, 2019 3. Blockchain Technology Accounting Journal vs Ledger Double Entry Bookkeeping Unspent Transaction Outputs (UTXO) XRP Ledger Ethereum Technology Paranoia as a feature Addresses, Secrets, Public & Private Keys Hashing Merkle Tree Proofs Consensus Mining 1, 2, 3 Proof of... Consensus Scalability ILP Codius ScottBranson 1 Link to comment Share on other sites More sharing options...
BobWay Posted April 29, 2019 Author Share Posted April 29, 2019 4. How Prices Move Markets Makers vs Takers WANT vs NEED Market Makers Arbitragers Speculators Payment Size vs Risk Liquidity (capital requirements) Profit Stability is balanced flows Imbalanced flows require liquidity circles Alternative paths Market Maker re-balancing Arbitrage Link to comment Share on other sites More sharing options...
BobWay Posted April 29, 2019 Author Share Posted April 29, 2019 5. Cryptocurrency Ideology Coins vs Bank Accounts Virtual Physical Currency Account opening direction Who can hold coins/accounts Funds freezing Privacy Code Words Anonymity vs Pseudonymity Censorship Free Doublespend Immutable Traceability - Link-ability Monero Secure, Private, Untraceable, Fungible Ring Signatures Zcash Private Addresses Transparent Addresses Zero Knowledge Proofs Link to comment Share on other sites More sharing options...
BobWay Posted April 29, 2019 Author Share Posted April 29, 2019 6. Money Flows (Cross Currency) Pre-Transaction Negotiation Flows 4 Tiers from previous deck * Bank Transfers Card Networks - Payments * Money Services Businesses Remittance Remittance - Bill Pay Hawala Fincen PDF * Person to Person Payments Paypal - MSB Venmo - MSB Cryptocurrency - ??? Rippling Payments * Xpring / Coil Link to comment Share on other sites More sharing options...
BobWay Posted April 29, 2019 Author Share Posted April 29, 2019 7. Advanced Configuration Shapes Pre-Transaction Negotiation Flows "Stable Coins" Backed Unbacked JPM Coin - Dollar clearing use case Fed Coin - "A payment" use case Effect on bank deposits Effect on liquidity Stellar/IBM configuration Dis-intermediating the Dollar (De-risking) Link to comment Share on other sites More sharing options...
BobWay Posted April 29, 2019 Author Share Posted April 29, 2019 8. Anyone to Anyone Expanding the network Joining together different tiers (network effect) How Nostro accounts work XRP Bridge Driving payments through XRP Patent Community Size vs Value Link to comment Share on other sites More sharing options...
BobWay Posted April 29, 2019 Author Share Posted April 29, 2019 9. Smart Contracts Agency vs Responsiveness XRPL Trust lines = ICO's Orders = DEX Rippling = same currency Orders ILP Escrow Synchronization Codius Key management Connects chains Layer 2 Networks Payment Channels Lightning Link to comment Share on other sites More sharing options...
BobWay Posted April 29, 2019 Author Share Posted April 29, 2019 (edited) 10. Opportunities & Lessons Learned Gateways & Money Transmission Regulatory ways to proceed 2 party transactions Dealing Alice & Bob Merchant end (reversible directions) Consumer end Circular Value Flow Return Value Path Money Path Circular Business Transactions Cash and Carry Card and Carry Card and Delivery Pure Digital Currency Conversion Stock Tokenization Title Transfer Omni - Cloud Closet Identity Accounting Forked Payments Edited April 29, 2019 by BobWay Link to comment Share on other sites More sharing options...
AFutureInReverse Posted April 30, 2019 Share Posted April 30, 2019 Bob all of this looks amazing thank you! Link to comment Share on other sites More sharing options...
Dario_o Posted April 30, 2019 Share Posted April 30, 2019 This is astounding! Link to comment Share on other sites More sharing options...
IK26 Posted April 30, 2019 Share Posted April 30, 2019 This Syllabus is mind blowing! Am so excited to learn!! Link to comment Share on other sites More sharing options...
BobWay Posted April 30, 2019 Author Share Posted April 30, 2019 I'm just happy people read through it! I was surprised how long it turned out to be. There really are a lot of very interesting topics that are not commonly discussed. ScottBranson and jlr 2 Link to comment Share on other sites More sharing options...
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