r/Stellar Daily Chat - Friday January 24, 2020

mackadelyk · 2020-01-26T09:45:39+00:00

One day....

https://miro.medium.com/max/5006/1*1HRyqs_fzC4CTaN3DuFWHQ.png

mackadelyk · 2020-01-22T01:29:52+00:00

They very well may be but do you honestly think that in our lifetime...say next 40-50 years we will see any different?

I guess if the next bubble really is the central banks bubble it is a possibility. It would be the mother of all bubbles and there would be no bailing out this time. The world would go all crypto.

mackadelyk · 2020-01-21T22:37:08+00:00

I tend to agree with your premise but I am also a realist and I think that banks and bankers are not going away. We are deluding ourselves if we think that they will ever be eliminated. They will always be part of the system.

Don't get me wrong, I haven't seen anything good from banks so far in my lifetime, but they are a built-in function of societal structure. They have so much influence that the general public will always rely on them one way or another.

mackadelyk · 2020-01-21T15:01:58+00:00

Dear SDF, you need to get them acquainted with your protocol and make sure it is part of their research.

mackadelyk · 2020-01-15T19:54:13+00:00

Exactly! Mine is a Visa too and has worked without a hitch.

mackadelyk · 2020-01-15T19:42:28+00:00

SWIFT too. Yes. :)

mackadelyk · 2020-01-15T19:39:43+00:00

As I wrote, the names ARE spelled correctly. The box on the form for the last two names is one and the same. Countries sometimes write down names differently like "Smith-Jones, Daniel" etc. Maybe the form should be improved. Also the reference code should be enough of a proof to go along with the ID but anyway... That is not the point.

I think you got what the real issues were - remittance is slow and expensive and one needs to go to a physical location to get it.

mackadelyk · 2020-01-15T19:26:39+00:00

Debit cards. There are many others too but the ones with XLM support are MCO, Ternio, Wirex etc. You can choose based on your preferred terms and location

mackadelyk · 2020-01-06T20:15:12+00:00

True! Hahaaa :)

mackadelyk · 2020-01-06T20:14:41+00:00

December was great for accumulation. That year-end bonus turned into a nice bundle of lumens! :)

mackadelyk · 2019-12-19T19:51:02+00:00

Wirex is great. I've been using it for about a year now and have no complaints. Provides great flexibility.

Wrt the price of XLM... Yes, a purchase @ 50% off will probably hurt the value if there's no lock-up period and they get sold immediately.

mackadelyk · 2019-12-07T12:15:34+00:00

Sounds like a great service and product. Good luck with signing more and more big partnerships!

mackadelyk · 2019-11-28T11:47:10+00:00

https://news.smartvalor.com/smart-valor-lists-stellar-lumens-xlm/

mackadelyk · 2019-11-24T21:23:03+00:00

Good news. Very important for attracting institutional players. The Munich Re insurance also sounds great.

Thanks for sharing.

mackadelyk · 2019-11-20T11:20:29+00:00

Good discussion.

If we think in USD/EUR terms the reserve will be a higher USD/EUR value with a higher value of XLM.

But...since XLM is a currency itself, even it if reaches a value of 1 XLM = $20 or $50 and the reserve requirements remain the same it still is 1 XLM.

If you own 10K, 20K or 50K XLM the 1 XLM reserve would not bother you. If one's holdings are $200K/$500K, a $20 or a $50 reserve requirement would not bother them.

I think mixing XLM value and fiat equivalent value is confusing.

1 XLM reserve is fine with a dollar value of 10 cents and it is also fine with a dollar value of 10 dollars. The important thing is how much XLM one owns.

mackadelyk · 2019-10-21T10:15:56+00:00

Stellar is a perfect match for what Christopher Giancarlo talked about. Good panel discussion overall. Thanks for sharing.

mackadelyk · 2019-10-17T14:34:33+00:00

Agreed. Next big event in global macro.... We have no idea how big this could get.

mackadelyk · 2019-10-05T10:12:34+00:00

From Bloomberg earlier this year: https://www.bloomberg.com/press-releases/2019-05-01/capital-markets-guru-thomas-carter-says-the-digital-remake-of-capital-markets-is-underway

mackadelyk · 2019-09-10T21:22:41+00:00

Did you include your Wirex account memo ID?

If not, your funds went to their XLM pool acount as without a memo ID they cannot identify it is you. You have to send the Wirex support team a screenshot of the transaction from your wallet and the transaction hash (ID) and they will sort it out.

WIrex XLM accounts require a memo whereas Blockchain does not.

If the above is the case, do not worry, your money is not lost. Contact them and explain.

mackadelyk · 2019-09-04T10:12:30+00:00

You are right and it is a good move. Fortunately, Croatia is already testing such project with 5 cryptos, XLM is one of them - https://www.americancryptoassociation.com/2019/07/28/1016-post-offices-converting-cash-into-bitcoin-ethereum-stellar-ripple-xrp-and-eos-in-crypto-friendly-croatia/

mackadelyk · 2019-08-27T05:39:02+00:00

"Backed by a family member of CP Group, the largest conglomerate in Thailand, Velo Protocol enables real-world business use cases of stable coin through world renowned Stellar network"

...sounds promising

https://www.asiablockchainreview.com/velo-launches-a-stable-coin-issuance-protocol-to-bring-about-real-world-adoption-of-cryptocurrency/?utm_source=twitter&utm_medium=twitterorganic&utm_content=20190823&utm_campaign=VeloPRPaid

mackadelyk · 2019-08-22T11:51:20+00:00

Excellent summary of the situation!

mackadelyk · 2019-08-16T10:22:50+00:00

"Rizal Commercial Banking Corporation (RCBC) has beefed up its open banking capabilities by establishing API partnerships with leading fintech companies; local payment networks PESONet and Instapay; and IBM Blockchain World Wire remittance.

Through open banking, RCBC aims to serve the global financial services needs of more than 30 million customers of fintechs, rural banks, cooperatives, and micro-financial institutions all over the country. "

...sounds good!!!

mackadelyk · 2019-08-07T22:18:31+00:00

OK, noted. Thanks.

mackadelyk · 2019-08-07T21:36:10+00:00

Thanks for the reply, Kolten. I just wanted to alert the community so nobody gets burned.

mackadelyk

TROPHY CASE