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…you’d have to be on glue to entertain the idea that Richard Effin’ Poulden is going to bring to market some kind of new, transnational, always on, metaphysical, decentralized stock exchange … if you think about it.
I mean, it’s complete cobblers from soup to nuts, isn’t it?
Am really interested in VLRM but one thing bugs me: what IP, source code, proprietary know-how does it possess or own rights to that couldn’t be mimicked or replicated? Or is the business model largely contingent on goodwill/relationships and first mover’s advantage?
BlackXBag absolutely jumped on me when I first posted on this chat and accused me of all kinds of things that were basically untrue and unfair. That said, I do think his near term target for this is achievable although I’m skeptical about a lot of what he writes re. conversations with third-parties.The main barrier for this, in terms of price action at the moment, is that it’s not tradeable on an especially liquid or accessible market… that’s all…so the USA listing should deal with that.That aside, I do think it’s an interesting proposition and should appreciate in value substantially.
@only6greens, as far as I can make out INJective is purely for trading derivatives whereas what we’re talking about is the settlement of actual equities, etc.
I really don’t know why BlackXBag is so eager to bash me, tbh, given that most of what I’ve said about this has been largely positive!
Like, I do think getting this tech from crypto nerds and onto Wall St is the obvious end game and the bigger risk (if you want to frame it that way) is that mainstream investment platforms will come up with something that does basically this but is deemed safe enough for pension managers!
Vinay Gupta in the video posted below (https://youtu.be/BZ8OqXhfLZw) basically says EXACTLY what I’ve been saying... “liquidizing global trade” via blockchain “if we can get the bureaucracy right” (for “bureaucracy” read “regulation”) is the aim.
Jesus.... THANK YOU.
Maybe Vinay Gupta and I are the only ones who actually get it? Certainly BlackXBag doesn’t.
To put it in plainer terms... can I trade cryptos now? (Yes) can I trade currencies now? (Yes) can I trade both relatively conveniently now (Yes).
Would I benefit from blockchain tech? (Yes, nominally).
Would a bank carrying out millions of transactions? (using BNYM as the example again, if you like) (yes, much more substantially than all PIs lumped together).
It’s not rocket science, m8.
Anyone reading this thread will be able to decide for themselves who is more balanced, etc.
The major utility of Valereum, I would suspect, would actually be to entities that were subject to, for example, the CASS regulations (in the UK... substitute relevant jurisdictional regulations dependent on where you might be) ... if I (as a PI) want to trade FX why do I care if my trade is executed and documented via blockchain? I just care about trading the asset! Likewise, if I want to dabble in crypto and then FX, I just encash one and buy the other! This tech has one OBVIOUS benefit (if you cut out the crypto part) and that would be in enabling huge banks to execute transactions much more efficiently. Do you get what I’m saying?
Yes, I knew you meant total market cap, that’s why I cited BYNM’s assets under custody... $42 trill isn’t the amount traded that’s the published value of assets they hold on behalf of investors.
The fact you thought I meant something else does make me wonder if you’re perhaps not as switched on as you pretend, maybe.
Blackxbag... when have i ever posted on or about ARGO? If it helps, think of me as the board’s Socrates... asking the questions other people likely aren’t interested in or don’t think of.
Yes, I agree that a $20 mil. company could perhaps generate enough turnover in the unregulated space to increase in value significantly. Not disputing that for a second.
What I’m curious about, because it’s obviously where the real money will be, is how this kind of tech will be eased into the regulated space.
Crypto, in its current form, will always be niche.
I really have no idea why you’re being abusive; you only need to read back through my posts to see I’m invested here (albeit by accident) and want these to do well.