JC Collins The realms of the technological and the theosophical are evolving together at an ever-increasing pace. The term “theosophical” was not used in error. Magic is not dead. As physics delves deeper into the ocular origins of reality, occult terms such as “theosophical” become more pertinent than terms such … Read More
New American-Sino Monetary and Geopolitical Relations
The empty streets, homes, and commercial spaces of China’s ghost cities are starting to come alive. The vast building of empty cities by Chinese civil and cultural planners over an almost two decade span was considered by most in the West to be an example of overbuilding in a closed economy, an economy which was decades away from functional levels of maturation. Few considered the possibility that China was engineering one of the greatest socioeconomic plans in human history.
Long-term POM readers will remember that this was one of the core themes in the early years of the site. China’s rural population has always been a problematic issue for the policymakers in Beijing. Throughout its history Chinese farmers have repeatedly overthrown their Sino rulers through violent revolution. The benefits of a massive lower class which supports the alternative need for a viable and content middle class.
The total XRP counter read 33,733,332,712.47
Edom watched the numbers flick lower on the side of the building across the loop rail as the elevator cartridge fired him upwards to the 147th floor. The speed of the outside world was disorienting against the perfect stillness around him. There was no sense of movement or non-movement within the cartridge. The outside world just stopped moving at the same moment there was an almost inaudible swoosh as the doors opened behind him and he turned around to exit.
Consider, if decentralized ledgers are the new banks, then by default of definition, the interledger would be the decentralized World Bank which makes it all possible. Except in this case, no one nation with a dominant reserve currency can control it through hegemonic business and banking practices.
The XRP interledger will connect all other ledgers, whether fiat or crypto. The interledger will be truly decentralized and not controlled by any one nation, bank, or institution, including Ripple themselves. It is something all nations can agree upon and use, as XRP transactions take 3 seconds and cost fractions of a cent. Compare to SWIFT which is expensive and takes 5 days.
Central banks will likely begin this year diversifying their foreign exchange reserve accounts with the top crypto assets. The rush for regulation is creating volatility in the first phase of the crypto market, but will allow for massive institutional money to enter during the next phase. Nothing in its digital version has failed. This will be the same with money. Fiat currencies will be replaced over time with their crypto versions.
Where Blockchain Decentralization and Socioeconomic Multilateralism Intersect
“It should have been so obvious.”
As the trade war between China and America develops, two interesting side stories are coming into focus. These side stories have been building for years and are only now entering into their fundamental phase of escalation, transformation, and alignment.
Baby Bone Soup and Clean Underwear
By JC Collins
The world is maybe a year away from having its first trillionaire. Such wealth accumulation will come from blockchain enterprises, or the forthcoming sudden explosion of artificial intelligence mixed with robotics and organic printing. Sudden because few are considering the speed in which technologies will come together and give shape to the future.
We all know about blockchain, robotics, quantum computers, artificial intelligence, 3D printers, both organic and non-organic, and the impact which each of these could potentially have on human existence. But imagine all of those technologies consolidating and creating whole new industries and economic opportunities.
Where would the average humans even begin to understand the complex evolution of the world around them?
The Napster Hours of a Pre-Regulated Crypto World
By JC Collins
The Financial Stability Board (FSB) just released a statement on the eve of the G20 meetings in Argentina. FSB Chair Mark Carney stated that the “FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”
The FSB coordinates financial regulation for the G20 member states and has been intimately involved in re-engineering the architecture of the international monetary framework over the past decade. This re-engineering is for the purpose of shifting the global system from the existing unipolar USD framework to a multilateral framework.
Statements from the FSB are purposeful and strategic. This one is no different. Carney is careful to point out that this is an “initial assessment” and that no risks are posed “at this time”.
These are two important parts of this seemingly simple statement, which leave the door open for further discussion and evaluation. It reminds me of the fading years and months of the music download bonanza that incrementally crumbled under the weight of iTunes and other music purchasing applications.
Interledger Protocol Dominance and XRP Geopolitical Intelligence
By JC Collins
Bones and old newspapers were all that remained. The world had changed but few noticed. Nations, corporations, banks, and global institutions had quietly restructured themselves around the emerging world of decentralized governance and commerce. Those who had seen the approaching transformation positioned themselves strategically. Those who hadn’t stumbled blind into the future. The wealth of the world had ascended as the lineage of empires fragmented and decomposed back into the earth. A new world had been born.
It is now only March 11, 2018. The year so far, at least for me, has been a blur of buying XRP while watching and reading as much information as possible on Ripple. Between crypto investing and learning about the Ripple Interledger Protocol (ILP), I have also come to know the Russian singer Vitas, who has somehow remained unknown to me since 2001.
Renminbi, Dong, SDR, USD, and the Flood of Central Bank Money onto the Blockchain
Two monetary worlds are crashing together.
The old fiat currency world which is structured around exchange rates and foreign exchange reserve accounts is being shattered by the new world of blockchain assets. The history of socioeconomics has proven that the less advanced cultures and economies are fragmented and absorbed into the more advanced systems which are expand under the exciting momentum of ingenuity and endless opportunity.
The beginning of 2018 has become a sort of holding area, or panic induced quicksand, for most of the cryptocurrencies. The value explosion that started in the second half of 2017, and continued at the beginning of 2018, has substantially reversed. Values are fluctuating within a wide band which varies by asset.