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Crypto Eri - News from the Far East


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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

I think the recaps are great! Thank you for your work Jullian! 

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

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Posted (edited)

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 by Julian_Williams
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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..

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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. 

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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)

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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 by KarmaCoverage
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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.

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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.

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Posted (edited)
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 by KarmaCoverage
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