Crypto Eri - News from the Far East

[Julian_Williams]

I have been threatening to do this for some time:  Crypto @Eri produces bulletins packed with the latest news about Ripple/XRP, SBI.  She provides analysis that is very often unique and insightful and depends on translating Japanese links.  The sort of new information that should be discussed on this open forum. 

My intention is to start a rolling thread of subject matter she is introducing.

Bullet points:

• SWIFT is becoming more accommodation towards collaboration (video clips) with outside companies like R3 - but at the same time they have been dragging their feet over the ISO20022 standards
• New Digital banks are growing and changing the landscape of cross border remittance industry, and removing the need to use big banks
• Markus Treacher has announced that new ODL corridors will soon be arriving in Asia-Pacific,  Middle East and Africa The remittance industry is worth 500 billion but has contracted about 20% due to the corona virus pandemic.  This squeeze is leading to demand for greater efficiencies which can be satisfied by moving to ODL solutions
• The SME market is being served by new types of banks like Remessa and Bex Banks.  These banks serve Brazil/ Argentina and Chile using ODL.  The market is huge

And then there is the fluff - cultural news from Japan - I will let you find out for yourself.

So everybody - let's beat the negativity and instead of constantly harping on about price, lets discuss how the network is growing and speculate on where our investments are likely to grow and spread new roots.

Eri's Daily Crypto Journal: https://coil.com/u/TheCryptoJournal

Edited July 10, 2020 by Julian_Williams

[pucksterpete]

I'm ALL for it!!!

[WuWei]

She's one of the few that I watch on youtube, and a significant part of why I feel confident about Ripple's progress and ultimate success. Eri's also very level-headed when it comes to xrp's price and doesn't attempt to speculate on "when moon." 

[panmores]

Crypto Eri is doing the best job in the whole XRP universe. And she's charming and never aggressive. Even when appalled, she keeps her smile.

She should be hired by Ripple as a community manager - because her careful, solid and unwavering approach to deciphering what's going on in the ecosystem is of so much more value to the community and investors than many of Ripple's posts and alerts.

Of course those are two different playing levels and fields. Yet Crypto Eri is a reason to keep peace of mind while hodling on to your zerps.

[Julian_Williams]

Todays video

Three takeaway points

• ODL  is still building out
• Japanese crypto world is less divided and more inclusive than Western (such divisions are shortsighted)
• Until adoption it is all FOMO - FOMO is fun

News includes Monex Group Securities - a competitor to SBI with a history of compensating investors for losses through fraud, have set up a derivatives trading platform for BTC, BCH, ETH and XRP

Fluff - Fruit cakes and neon masks

 

 

Edited July 8, 2020 by Julian_Williams

[Julian_Williams]

My personal opinion is that one of the reasons XRP has flatlined is that the Western Crypto community is dominated by BTC Maxi culture that hates XRP.  This culture will be swept away by investors from the Far East, and less developed countries where XRP is more appreciated for what it is, not the threat it represents to PoW coins..

[scoobysi]

I do love her content. A sensible gem in the ocean of hype vids on yt

[KarmaCoverage]

2 hours ago, Julian_Williams said:

My personal opinion is that one of the reasons XRP has flatlined is that the Western Crypto community is dominated by BTC Maxi culture that hates XRP.  This culture will be swept away by investors from the Far East, and less developed countries where XRP is more appreciated for what it is, not the threat it represents to PoW coins..

Institutional level investors, as they become independently savvy about the crypto space, will also chuck over the side most of the anti-XRP pro-BTC BS. Honestly some of it has gotten as bad as the disgracefulness and non-sense with which US retail politics is conducted.

It seems to me that some of the BTC Maxis have rubbed off on some institutional level people, so those people will have to learn to form their own opinion *inclusive of their pre-existing knowledge of financial markets/services. That is when the short falls BTC technology and advantages of Rippled/XRPL are understood, it is a no contest. 

[Julian_Williams]

32 minutes ago, KarmaCoverage said:

Institutional level investors, as they become independently savvy about the crypto space, will also chuck over the side most of the anti-XRP pro-BTC BS. Honestly some of it has gotten as bad as the disgracefulness and non-sense with which US retail politics is conducted.

It seems to me that some of the BTC Maxis have rubbed off on some institutional level people, so those people will have to learn to form their own opinion *inclusive of their pre-existing knowledge of financial markets/services. That is when the short falls BTC technology and advantages of Rippled/XRPL are understood, it is a no contest. 

 

I am sort of staggered at the gullibility of supposed experts.  I imagine their whole lives are fixated on making money, and they are as much interested in trends as in making solid investment decisions.  My guess is many of them are cynically in for the ride, and have an intention to switch (back) to XRP after the XRP market has clearly bottomed

I am old fashioned, and believe honesty and common sense do in the end win out (except where corruption and censorship of free speech is tolerated, both going in the wrong direction just now)

[KarmaCoverage]

5 hours ago, Julian_Williams said:

I am sort of staggered at the gullibility of supposed experts.  I imagine their whole lives are fixated on making money, and they are as much interested in trends as in making solid investment decisions.  My guess is many of them are cynically in for the ride, and have an intention to switch (back) to XRP after the XRP market has clearly bottomed

I am old fashioned, and believe honesty and common sense do in the end win out (except where corruption and censorship of free speech is tolerated, both going in the wrong direction just now)

The best target to con, is the confident successful male holding higher social status. They are more prone than the rest (anyone can be conned) to believing that they cannot be conned. I'm not saying that BTC is a con, but I think pushing BTC as some sort of investment or financial product, is a half truth at best. It is not so unlike CMOs were in 2007... Yes all the math works out, and yes it makes a legitimate financial product... like a birthday cake made of baked cow dung, covered with a beautiful math icing.

More likely, is that when someone is super specialized (finance), experienced, and higher level in a large org; it becomes easy to grow "theory bound" or "paradigm bound" or basically understand how the current market structures are set up and intertwined so well, that changing fundamental aspects of these industry architectures looks obviously impossible and only a fools errand to pursue.

To avoid this trap, I try to look at "new" things and wonder how, "the more things change the more they stay the same" will remain true. In doing that I have observed that...

• XRPL is simply a "Clearing House".
• Market Makers/Liquidity Providers are "specialists".
• Banks will function as what Ripple originally called "gateways".
• Exchanges are like "Prime Brokers" (they also will function as Narrow Banks, which is a new banking business model not using Fractional Reserve methods)
• ODL is simply JIT Liquidity, and is the "X as a Service" which is denominated in units of XRP. (Welly S. event thanked me for reminding him of this for one of his quora answers, and amended the answer)
• XRP is simultaneously like a "Postage Stamp" used to pay for XRPL transactions
• The servers which host/run XRPL function as the "Exchange", which provides a venue for the Specialists and Brokers to operate.

It helps to draw analogies from, the New to the "Old". At the end of the day, the "Old" was set up to accomplish certain core functions. As long as humans/markets exist those Core Functions will need to be accomplished, How they are accomplished is what will change with any paradigm shift.

In the end, it is not that these Institutional Investors are stupid, it takes some time to digest that much of what you have learned through out your career, is depreciating as the new paradigm replaces the old paradigm. We are 20 years into the retirement of the Industrial age, and the rise of the Information age.

Edited July 8, 2020 by KarmaCoverage

[KarmaCoverage]

6 hours ago, KarmaCoverage said:

XRPL is simply a "Clearing House".

Correction, XRPL is a "Clearinghouse" with a distributed core accounting system used to settle transactions. 

XRPL does not manage margin requirements, which have to be performed either by centralized "off ledger" services/balance sheets. This is where the Crypto Exchanges come into play. 

Maybe the way that Leverage will be built upon CBDCs, while using the Narrow Bank business model (no fractional reserve, 100% collateralized) is through operating these Stablecoins/Margin management processes.

This would enable a much more limited ratio of leverage creation due to Margin Requirements (25-30%) being much lower than the 90% that the Fractional Reserve business model can preform using a 10% reserve ratio.

Please tell me someone understands what I'm saying makes sense. I'm finding it harder and harder to find people who can discuss this stuff, like the old XRPchat days? And beat the concept up, where are the weak points? Risks?

Edited July 8, 2020 by KarmaCoverage

[Dogowner5]

1 hour ago, KarmaCoverage said:

I'm finding it harder and harder to find people who can discuss this stuff, like the old XRPchat days? And beat the concept up, where are the weak points? Risks?

Well my weak point is anything to do with finance.  So can’t really help you there.

I appreciate your posts though,  and hope you continue to make them.  I don’t understand much but sometimes do get the gist of them.  Sorry to be just useless noise, but I wanted to encourage you as much as I am able.

[Julian_Williams]

2 hours ago, KarmaCoverage said:

Correction, XRPL is a "Clearinghouse" with a distributed core accounting system used to settle transactions. 

XRPL does not manage margin requirements, which have to be performed either by centralized "off ledger" services/balance sheets. This is where the Crypto Exchanges come into play. 

Maybe the way that Leverage will be built upon CBDCs, while using the Narrow Bank business model (no fractional reserve, 100% collateralized) is through operating these Stablecoins/Margin management processes.

This would enable a much more limited ratio of leverage creation due to Margin Requirements (25-30%) being much lower than the 90% that the Fractional Reserve business model can preform using a 10% reserve ratio.

Please tell me someone understands what I'm saying makes sense. I'm finding it harder and harder to find people who can discuss this stuff, like the old XRPchat days? And beat the concept up, where are the weak points? Risks?

This leading edge stuff and they will be back when the market turns.

[Moonraker]

Won't be long before she loses interest and figures out she's been wasting her time.

Remember Hodor?

[KarmaCoverage]

4 hours ago, Dogowner5 said:

Well my weak point is anything to do with finance.  So can’t really help you there.

I appreciate your posts though,  and hope you continue to make them.  I don’t understand much but sometimes do get the gist of them.  Sorry to be just useless noise, but I wanted to encourage you as much as I am able.

Well my weak point is finance and financial markets also. It's the reason when I first found Ripple and realized how profound the effects of this tech + mission would be from a financial market efficiency perspective, I had to know what/how/etc.

CBDC would technically be more "monetary" stuff than "financial markets" stuff, but everything is networked together.

As these markets are digitized the companies building their networks, like RippleNet, will enable the building out of the marketplace's Graph.

Think fbook - social graph, google - backlinks graph, uber - rider/driver graph, etc. Then they monetize the "routing" function for searching the graph they assembled... and profit.

XRPL's Pathfinding function... charges some XRP to find you the best path for your TX through the XRPL network's graph of Orderbooks and Trustlines edges.

Ripple Inc. Charges an admission fee xCurrent to join and use/search/send value through RippleNet's graph of regulated FIs. I hope Ripple inc can use Lending XRP as a means to monetize their XRP holdings flowing through RippleNet without selling the XRP (my plan), like I articulated in How xPool a few years ago, wrapped up into or supporting liquidity for ODL.

Edited July 9, 2020 by KarmaCoverage