2 years ago

My videos are for entertainment purposes only.

Join my patreon https://www.patreon.com/user?u=22374899

OKCoin - Okcoin has added new assets and offer no fees on recorring buys and staking!
https://www.okcoin.com/join?channelId=600081907

🔥BlockFi Lending Platform - Earn INTEREST on your Stable coins, Crypto, and Pax Gold! Use this link for up to 250 bonus!
https://www.blockfi.com/darrenmoorejr

🔥Cryptocurrency and Precious Metal IRA's 🔥
Open An IRA With iTrustCapital To Grow Your Crypto Tax Free
Get your first month FREE!
Link: https://bit.ly/3mXgUOA
Code: DARREN

https://paypal.me/fame21moore?locale.x=en_US

🔥🔥🔥🔥🔥🔥🔥
Check out www.https://officialcryptoposters.com for your favorite crypto poster!
Use code: DarrenMooreJR for 15% off!
🔥🔥🔥🔥🔥🔥🔥🔥

https://www.coinbase.com/join/moore_6bw use that link and coinbase gives you 10 dollars
There a lot of talk about central bank digital currencies but not enough talk about currency conversion. The BIS innovation hub has created clunky models for bilateral swaps but what about unilateral swaps? If every nation in the world had bilateral swaps with every other nation in the world, they are reinventing complexity and the interoperability issue worsen. It might not be an issue if everyone uses the same technology however that’s already not true. Chinas CBDC uses a completely different tech than the Bahamian sand dollar. The more Central bank digital currencies surface the more problems arise and that’s where XRP and Ripplenet shines.

There is a massive problem. To settle transactions in the legacy system you need correspondent banking. The cost of correspondent banking is increasing and the banks are backing out of those relationships. There is only a handful of large banks that have the correspondent banking relationships and if they’re starting to back out there simply won’t a way to move money to these nations. Ripplenet will have a way to get money to these illiquid corridors using XRP.

They’re moving forward with cbdcs and do not have a viable solution to settle cross borders, correspondent banking is deteriorating. XRP’s use case is to settle transactions instantly and to bypass correspondent banking. It would be an ideal solution for cbdcs to be paired to XRP and have one bridge asset to settle transactions.

Lenient monetary policy, deficit spending, bail outs… These are reactionary measures. The central bankers either they know what they’re doing or they’re academics that theorize and hypothesize what will happen with the economy but don’t actually know. There is not 1 definitive school of thought when it comes to economics. Hungarian economics proves that

The central banks are testing monetary theory. History and common sense tells us deficit spending, spending beyond our means is a recipe for disaster however central bankers use Keynesian models to justify money creation. But even Keynesian economists think that inflation should be at 2% last cpi number was over 5%. Experimenting with monetary policy even though it has proven not to work. We are at a fundamental shift. The system is going to end in disaster and Crypto assets will be the last resort of a system on the brink of total demise. Crypto networks can increase gdp and counter act some of the problems that the central planners have created.

This is blockchain movement is moving very fast. There is no stopping this, the benefits will persevere and money will update. Crypto networks that offer solutions to real problems will triumph in this age.

Central bank digital currencies will allow the central banks to kick the can down the road by enabling deep negative interest rates. CBDCs is a way for the system to continue to run even with flaws of the system. CBDC is not an end all of solutions and your favorite crypto with a real use cases will interact and work along the side of cbdc. Ultimately driving traffic or fiat money to the crypto asset networks that offer value.

The government will do there best to force everyone into dollars or fed coins. They will add complicated taxes and regulations to deter people from investing in crypto. Taxes are demand for dollars *you need dollars to pay taxes) they want you in a depreciating asset. but just remember these CBDC will work with crypto networks.

I disagree with David. We should be paranoid, take a good look at what they have done to our money. Take a look at what big tech has done with our data. The internet of value is going to have walls and this is where public ledgers come into play. Use an open blockchain like xrp to transfer value from one walled garden to the next.

Distributed systems are the solution to the cyber attacks we are seeing. The system is fundamentally going to change and the infrastructure will be built on technologies that can easily interact with our favorite crypto networks.

#btc #xrp #ripple bitcoin ethereum

Loading comments...