Comments
Transcript
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TPCan someone explain to me from RV why Raoul is shilling for XRP? I'd post this on the exchange, but the login function isn't working. I find this highly distressing that Raoul is taken in by this centralized crap-token.
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DLInvoice factoring? 3% return is garbage. Banks are charging 10-20% for that today.
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RVSo... is he telling us that the Yield Curve would be purchase orders dependent???
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JvTechnology is not important? Did he just say that?
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TGCelsius will eat them alive :)
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DHI've actually dealt with Cresco in the past mostly on the FX side and they aren't anything special. I would love to be proven wrong but these are old-world finance guys trying to make a buck before their current state business model runs dry -- and I guess good on them for trying to innovate. Now, where they might have an edge is bringing some of the institutional money guys on board through their network so there's that...but as it stands they have no track record of doing anything in the crypto space but good luck to them. As someone else wrote in the review below: WAY too many buzz words without going into the meat.
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CDre SOFR, i think after repocalypse of Sep 2019, we dont want that market to set the rate.
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MHLove it, Love AAVE but you guys should get Alex from Celsius Network on who have over $2 billion under management.
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JLLots of buzz words. You need a private side for banks. They're not going to put sensitive data on a public chain. That's why private/public hybridblockchains working with R3 Corda, IBM Hyperledger, and JPMorgan Quorum for the private side while providing a public side for transparency will work ... enter XinFin XDC Network hybridblockchain
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JPWait till the syndicates names realize they are short credit derivatives on single issuer credits. This is a credit arb dressed up as difi
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MJSounds like they take your cash and loan it out in the market for a higher interest rate (equivalent to loan rates), The only blockchain part is a "contract" written in a database, so administrative blockchain, or am I missing something? Probably getting around loopholes of needing a bank license by having a contract on a "blockchain"
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SDIsn't it the opposite of crypto? Crespo Fin deals with stable coins, so it's dematerialized EUR/USD fiat. The company is taking out these digital EUR/USD stablecoin, to convert them to original EUR/USD. Then lend them in the tradtional finance system, basically sucking out liquidity out of crypto world to inject it in legacy system at 1-1.5% interests. Why not take USD/EUR depostis directly? Am I missing something?
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MKAT LAST! Here comes the wider banking offerings to the crypto world. Welcome Welcome Welcome.
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MBThe problem is that the oracle problem hasn't been solved and is most probably unsolvable. Chainlink offers Schelling point game that means that people are betting on what they think other people will bet. That doesn't necessarily mean that what they are betting on is truth. Chainlink is fundamentally unstable if the value of the bet is higher than the value of the entire Chainlink network. Attacker just needs to find a bet that is more valuable than the attack on Chainlink and then he can make easily profit.
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NSThis feels like a paid interview :P
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CAAmazing interview. It really moved my understanding of the utility of smart contracts forward.
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DWI just came here to say, can we please have a deep dive on the FATC's travel rule/swiss rule and implications to all crypto (smart contract use case, global mainstream adoption, and yes price impact)? By all indications mnuchin is seeking to rush in new regulations before he's out so this is urgent. Jake Chervinsky level interviewees preferred. Thank you!
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VA@Real Vision, at 27'02'' why did you guys edit out the coin Robert is referring to as what people are willing to spend as opposed to hodl?
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JPRobert comes sooooooo close to answering the “how it works” question but never quite gets there. I am still unclear on how they make money to enable them to pay interest on my deposit. It sounds like maybe their revenue comes from AR factoring?
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MLBasically Robert wants to create Yearn for USD stable coins, and Curve.fI for BTC.
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KLWhat I learned from this video is that I know little about finance
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MORaoul can you bring someone who can tells us about the lightening network? Thanks.
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SPBanking is already code, it’s just all centralized and proprietary plus the license to fractionally reserve. This is using blockchains and smart contracts for greater automation and breaking the existing oligopolies with a more honest set of models, hopefully. And all of the functionalities are disaggregated for a potentially more robust AntiFragile system that eliminates the central bank ethos of tails the bankers get bailed out and depositors take haircuts.
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UJWhat I don't understand about BITCOIN is why people do not understand Bitcoin.
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JSRaoul showed tremendous restraint by allowing Sharratt to continue spouting jargon instead of answering the questions. This is the first RV interview I experienced that did not add any insight. Fortunately, Raoul kept this interview as short as possible.
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ADSo the very issues that the block chain and some of the different protocols solve, they hope to come in and "solve" for the massive institutions and charge fees for. This literally reminds of of an Austrian I know who would not work with less than a $1,000 per hour lawyer because if the person charges less than that they "are not competent". So I can get 6% from BlockFi or 3% from Cresco. They did not talk about the total limit of the 3%, and I know BlockFi's rates go down after the first 3 BTC or something, but this sounds off. This just sounds like a hunt for yield, but in a potentially unregulated industry, in a sub-optimal way.
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BRFantastic stuff!
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LCEverybody hates banks, right! ............... 5 mins later So how do you return 3% ....... essentially, we act just like a bank!
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HvAs always Raoul. You blow my mind with the quality of your connections. Thanks for your years of study and feisty fresh attitude. I love the “money-shot” facial expression as yet another first-time concept dawns in your vast understanding. Reading Nouriel Roubini’s 1/n tweet thread this morning vs BTC’s stealth relentless omnipotent adoption across all demographics, cultures and usage applications. Truly the king cockroach of finance.
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RDthis guy strikes me as not answering questions straight
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TEThat was really interesting. Thank you for these insights.