Redeye 🀄️

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Redeye 🀄️

Redeye 🀄️

@Redeyeforecast

I’m here for future reference & I post/reply for fun/educational purposes *not tax/financial/legal advice.* Dyor ⚖️.

Katılım Mayıs 2024
197 Takip Edilen1K Takipçiler
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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
In Chris Larsen’s view, the real journey of fin-tech has yet to truly begin. He considers fintech as the step-child of the internet boom because of the lack of infrastructure for moving money, despite the internet’s capability to handle data. We need both for this revolution. Larsen believed that it was only a matter of time until the world had a global digital asset with no government backing, and no counterparty.
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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
Gm ☕️ Ephesians 5:15-17: "Look carefully then how you walk, not as unwise but as wise, making the best use of the time, because the days are evil".
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Redeye 🀄️ retweetledi
Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
Ron Paul knew exactly what he was doing when he asked Ben Bernanke, “How do you define a dollar?”. Bernanke responded with “a dollar is what it will buy”, which is the opposite of what the founding fathers had in mind. “A dollar is a measure, it’s specific” —Dr. Shelton
Redeye 🀄️@Redeyeforecast

Fixing the Dollar: a soundmoneyproject.org interview with Dr Judy Shelton youtu.be/yhbD3Zkkxx0?si… via @YouTube

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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
The Nixon shock was intended to be a temporary suspension of US dollars for gold. It was never meant to last this long. Back in ‘71 Dr. Rickards talked to Paul Volcker and Kenneth Dam, and even they thought we were going to get back onto a gold standard, but they never did…
Redeye 🀄️@Redeyeforecast

@uptownsaul President Nixon’s goal in ‘71 was to take only a few years to create a new system. Instead it’s been 54 years.

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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
Bitcoin is simply too expensive for its own good… Bitcoins security model: it relies on the systems native value. So there has to be a native token to pay miners with, and the system’s security is directly tied to the value of the token. The system will lose value if it can’t keep producing enough to pay for its security, then natural stakeholders will inevitably suffer by having to keep bringing this value from somewhere… So it’s fragile. Thus forcing a race to the… Bottom. - David Schwartz
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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
Centralization vs Decentralization By: Stefan Thomas & Chris Larsen
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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
@bangerz They must be on this list due to their lack of control over their lustfulness. That’s my only explanation for why they would follow such a user.
Redeye 🀄️ tweet media
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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
Mining is not only wasteful, but it also undermines the ecosystem by providing incentives that are detrimental to its security and the stakeholders. Proof of Work (PoW) security model is the worst security return in terms of cost-benefit analysis. It’s basically forcing a race to the bottom type of effect.
Redeye 🀄️@Redeyeforecast

Another issue is that mining is wasteful.

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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
This is my reaction whenever someone tries to argue that XRPL is centralized and XRP has counterparty risk.
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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
Stefan Thomas’s presentation on ILP.
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Saul 🌱
Saul 🌱@uptownsaul·
In the land of competing issuers and fragmented liquidity, the neutral native asset is King.
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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
“We need that kind of interoperability, and that’s what really creates the competition that drives down the cost.” — Stefan Thomas
Redeye 🀄️@Redeyeforecast

@judyshel @markets Limited competition is detrimental to society. Increased competition leads to improved products and lower prices for consumers.

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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
@JCryptosano @uptownsaul You might also want to reconsider your statement that claims it only works in a fully decentralized effort. History is a valuable tool for research, just saying.
Redeye 🀄️ tweet media
Redeye 🀄️@Redeyeforecast

Stefan Thomas realized that decentralization isn’t really the solution. For example, PayPal, which started free, eventually raised fees once it had an established market position. This is similar to Bitcoin’s behavior within its own ecosystem. This can be compared to pre-Internet online services.

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Jordan Camposano
Jordan Camposano@JCryptosano·
You're going off of what you're told. It's just an opinion. A plan. A good idea. But in this world there almost no such thing as an asset without counterparty risk. If and only if XRP is adopted by the entire planet and utilized equally, then there will be very little counterparty risk. It only works in a fully decentralized effort. I get that that is probably your thesis "they finna use it" but the Treasury or govt taking the escrow creates a counterparty risk. If I'm wrong I'd love to see how, but at this point I don't think I am. I am open to learning and opening to admitting I'm wrong, so please enlighten me.
Jordan Camposano tweet media
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Jordan Camposano
Jordan Camposano@JCryptosano·
Of course. What power does the U.S. have over a neutral asset? There's only two ways this shakes out: a) America saying "if we can't have the world reserve currency then Nobody can", or b) Petro-Dollar 2.0. Obviously I'm generalizing a bit, but that's how I see it. Once again, im open to learning and/or changing my perspective.
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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
Stefan Thomas realized that decentralization isn’t really the solution. For example, PayPal, which started free, eventually raised fees once it had an established market position. This is similar to Bitcoin’s behavior within its own ecosystem. This can be compared to pre-Internet online services.
Redeye 🀄️@Redeyeforecast

People often mistakenly believe that a blockchain requires over 100+ nodes to be decentralized. The truth is you need enough nodes that collusion becomes impractical. Decentralization is a key feature, but the main goals are security, accessibility, and a rules-based system.

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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
Perhaps I can help clarify your confusion. I’ll share these short clips with you. Your ignorance is clearly preventing you from understanding. Also, I’d like to ask, what “world” are you referring to in your post, because in the real world, gold has no counterparty risk, and in the digital world, XRP on the XRPL has no counterparty risk. So, on that note, as Yoda would say, you might just have to unlearn what you have learned.
Redeye 🀄️@Redeyeforecast

In Chris Larsen’s view, the real journey of fin-tech has yet to truly begin. He considers fintech as the step-child of the internet boom because of the lack of infrastructure for moving money, despite the internet’s capability to handle data. We need both for this revolution. Larsen believed that it was only a matter of time until the world had a global digital asset with no government backing, and no counterparty.

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Redeye 🀄️
Redeye 🀄️@Redeyeforecast·
@judyshel @markets Limited competition is detrimental to society. Increased competition leads to improved products and lower prices for consumers.
Redeye 🀄️@Redeyeforecast

“Wherever competition is limited, you’re going to see a decline in service and value. It’s competition. Adam Smith, who had a great sense of morality, wrote about that as much as he did about how capitalism would work if the invisible hand sort of directed individuals to do things and that would ultimately give you the best society.” —Dr Judy Shelton

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Keşfet

@JoelKatz @bangerz @uptownsaul @JCryptosano @elonmusk @BarackObama @taylorswift13 @cristiano