Post
MY THESIS IS 589
Maintaining my thesis...
589 - in the riddles, refers to rule 589 of the Comex. There will be a repricing and a currency indexing between commodities and certain selected cryptocurrencies, based on their functions in the New Financial System.
Basileia 3 requires banks to maintain reserves of at least 7% of issued assets. If XRP is considered a level 1 asset and the reserve asset to be used by the BIS (Bank for International Settlements), banks will have to maintain a certain percentage based on the daily transaction volume on their balance sheets. 100 billion seems like a high amount, but when it is understood that the vast majority will be held by banks and financial institutions to cover their own balance sheets, this number is insignificant. If held in reserve, and not used daily, the available supply will be very small, and that is what really matters for pricing.
589 - in the riddles, refers to rule 589 of the Comex. There will be a repricing and a currency indexing between commodities and certain selected cryptocurrencies, based on their functions in the New Financial System.
Basileia 3 requires banks to maintain reserves of at least 7% of issued assets. If XRP is considered a level 1 asset and the reserve asset to be used by the BIS (Bank for International Settlements), banks will have to maintain a certain percentage based on the daily transaction volume on their balance sheets. 100 billion seems like a high amount, but when it is understood that the vast majority will be held by banks and financial institutions to cover their own balance sheets, this number is insignificant. If held in reserve, and not used daily, the available supply will be very small, and that is what really matters for pricing.