Buying Ripple with The Federal Reserve - Luis Fernando Mises (video/podcast)
Luis Fernando Mises is known as the founder of the Emancipated Human website and podcast, as a healer using plant medicine such as huachuma, and as a consultant on servant leadership - helping bosses learn to serve their employees and create a productive workplace. In a recent project management engagement with the Federal Reserve, Luis was surprised to learn that many people there are very interested in digital currency - especially Ripple.
In this episode, Luis explains why he sold his bitcoin and ether, and moved his position mainly into the Ripple token XRP after speaking to some people at the Fed, attempting to put his sails into a head wind and hopefully increase his own financial freedom. Kurt counters by making the case for a small cap project which is making consistent progress, called Halo Platform.
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Why Ripple
Banks are looking at ways to keep up with newer, faster payment systems. Many bank transfers still take 3-5 business days, whereas Bitcoin can clear a transaction in 10-30 minutes. Ripple can clear in seconds, and according to their website, can easily scale to Visa levels of transactions.
It's likely that the use of cash will continue to decline. Recently the IMF released an article openly talking about negative interest rates, punishing people who have cash, and suggesting a system of e-dollars to make it work.
According to Luis, the Fed and major commercial banks such as Chase are looking seriously at Ripple. Luis says Ripple is a speculative investment and the forecast is that it will go to ten dollars.
"At first I was like, I don't want to invest into Ripple because I'm an anarchist, and I don't want to support the government. But I know for a fact that freedom also comes from financial freedom. If you have money, you don't have to be bound by these people.
"You're playing with their own rules to get out of their rules."
Kurt mentions that he has heard similar things about Stellar Lumens, that big banks are considering it. Kurt notes that neither of them are distributed blockchains. In both cases, there's a risk that the people who control the project might close your wallet - such was the case with former Ripple Labs original founder and Stellar founder, Jed McCaleb.
Why Halo Platform?
Kurt is following Halo Platform as another speculative investment. The project is a smart contract platform, and the team has a plan to use it to create games on the blockchain through their game studio, Block & Chain Games.
The team includes people who have previously worked in the video game industry, such as Devin Seto, who has worked for Electronic Arts, LucasArts and Zynga - known best known for Zynga Poker and Farmville. If Block & Chain Games produces a game with a fraction of the success of Farmville, that would likely result in great demand for the Halo token. They've already released their first game, Blockfight.
The Halo team seemed not bothered by crypto hype. Many projects attempt to get onto exchanges as quickly as possible, so they can boost the price of their token. For months after the ICO, Halo was only available OTC - purchasing direct from whoever wanted to sell on chat channels, and later on the decentralised exchange included in their wallet.
The team is also very committed to keeping the community informed, with weekly blogs to explain their latest developments.
With the crypto bear market, Halo token is very close to its all time low, around one tenth of its ICO price.
Important Links
Guide to Investing in Gold and Silver
Hidden Secrets of Money
Thank you
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The Episode
You can listen to the episode on Anchor and other podcasting services here: Cryptonomics - Buying Ripple with The Federal Reserve - Luis Fernando Mises. Or watch on YouTube below:
