A Quote by Spencer Dinwiddie
Transparency and liquidity make sense in my head, so that's why I have an affinity for blockchain as a whole.
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Regulatory changes have forced banks to closely examine their liquidity planning and to internalize the costs of liquidity provision. The costs of committed liquidity facilities will be passed on to clearing members. These costs are perhaps highest in clearing Treasury securities, where liquidity needs can be especially large.
In Seoul, there are plans to create a blockchain ecosystem to make it a city that will be recognized as the center of blockchain in the world.
The blockchain is an asset normalization platform that can enable a new liquidity in transactions, hence creating large networks of usage and value effects with benefits in speed, cost, quality, or outcomes.
Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities. It forgets that there is no such thing as liquidity of investment for the community as a whole.
If you don't have ample liquidity, and it's not durable, in times of stress, as you're looking for liquidity, you're forced to sell assets at declining prices, which then eats into your capital position, so it becomes this very, very negative cycle. There's no question that liquidity is sacrosanct.
Blockchain is really exciting technology because it's actually providing both transparency but also agility in a contractual relationship that any organization should have.
It doesn't always make sense to have a token on the blockchain that is both useful and represents ownership - it has to be something where there's a network effect. That's why I cite Facebook as an example of what could be disrupted more so than, say, Amazon - which is bit more centralized and is not exactly a network of users in the same way.
Dodd-Frank and independent actions of banks go a long way in terms of progress on capital, liquidity, transparency, "living wills" (plans for winding down a bank in the event of a collapse) and resolutions.
Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank.
This whole idea of visibility by the public creates a pretty powerful lever. In the new transparency era, you are able to make change you would otherwise have difficulty making. It's no longer possible for somebody just to bury the problem. It's the reason why things like WikiLeaks are important.
When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.
I thrive on the adrenaline of excitement and danger. I just cannot stand boredom on the other side of it. Why am I a person who loves guns? I have no idea. Why do I like to go hunting? I don't know. It doesn't make sense to me. Why does somebody love golf, because that doesn't make sense to me either.
CALVIN: This whole Santa Claus thing just doesn't make sense. Why all the secrecy? Why all the mystery? If the guy exists why doesn't he ever show himself and prove it? And if he doesn't exist what's the meaning of all this? HOBBES: I dunno. Isn't this a religious holiday? CALVIN: Yeah, but actually, I've got the same questions about God.
I'm passionate about blockchain as a whole, decentralized finance as a whole.
The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the U.S. dollar should be kept at a reasonable and stable level.
The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level.
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