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Mar 26 โ€ข 8 tweets โ€ข 10 min read โ€ข Twitter logo Read on Twitter
[1/๐Ÿงต] A short synopsis of Joachim Nagel's most recent speech on the future of #economic and #monetary union, presented and released by @OMFIF (@OMFIFDMI). ๐Ÿ‘‡

[2/7] Joachim Nagel, a member of the @bundesbank's Executive Board, discusses:
๐Ÿ”ธ #Inflation
๐Ÿ”ธ #Monetary policy
๐Ÿ”ธ #Fiscal development, ...

... among other topics.
[3/7] According to Nagel, the ongoing #energy #crisis in #Ukraine has resulted in:
๐Ÿ”ธ Greater #inflation
๐Ÿ”ธ Higher #energy prices ...

... influencing:
๐Ÿ”ธ #Industrial costs
๐Ÿ”ธ #Financial insecurity.
[4/7] He advocates for:
๐Ÿ”ธ Tighter #fiscal policy in the #Eurozone
๐Ÿ”ธ More binding and transparent #fiscal #regulations ...

... to better coordinate with #monetary #policy.
[5/7] Nagel also underlines the need of:
๐Ÿ”ธ Healthy public #finances
๐Ÿ”ธ Clear and #transparent #fiscal #framework in sustaining #price stability.

He thinks that in order to achieve price stability, both #central #banks and fiscal #policymakers must take responsibilities.
[6/7] Nagel also recommends #economics and #finance #students to focus on intriguing themes such as:
๐Ÿ”ธ The #economy's long-term development
๐Ÿ”ธ The interplay between #monetary #policy and #financial stability
๐Ÿ”ธ The limits of #economic models in coping w/ unforeseen occurrences
[7/7] He encourages #students to enjoy their #studies and emphasizes that they are taking place during one of the most exciting periods in the last two decades.

โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”

Follow me on #Twitter for more: @krippenreiter ๐Ÿ™

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More from @krippenreiter

Mar 28
1/ To be honest, I'm having a hard time comprehending this one, but I came up with a simple example that could help. ๐Ÿงต

@woj4ke Please correct me if I am incorrect.

I'll probably delete this later if it doesn't make sense.
2/ Assume I develop a #decentralized gaming app (L2-Smart Contract) with 10 nodes hosted all over the world to be redundant and reliable while processing #smartcontract data in the #network.

โžก๏ธ The purpose of this #game is to walk from the starting point to the finish line.
3/ On the players route to the finish line, there are rocks to leap over.

After successfully leaping over a rock, a #transaction on the #dApp gets crafted, granting the player 1 issued #Token labeled "JUMP".
Read 13 tweets
Mar 19
[1/๐Ÿงต] "#ISO20022 is bigger than you think"

You've probably heard that term a few times and wondered what it meant. ๐Ÿค”

In case you are curious now:

A brief explanation of everything important.
There will be nothing complicated ahead, so don't worry. ๐Ÿงต๐Ÿ‘‡ Source: https://topiacoin.io/es/cbpr-iso-20022-for-dummies/
[2/24] โ€” Outline โ€”

๐Ÿ”น Origin & Timeline
๐Ÿ”น What's the big deal?
๐Ÿ”น Details regarding the transformation
๐Ÿ”น Migration Approaches
๐Ÿ”น Relations to #Crypto (#DTI)
๐Ÿ”น @Ripple & #JSON formats Source: https://www.cryptopolitan.com/iso-20022-compliant-cr
[3/24] โ€” Origin & Timeline โ€”

The #ISO 20022 standardization efforts began very early on. Indeed, you may be wondering how you missed it until this date. ๐Ÿ˜… Source: https://www.slideserve.com/bevis/iso-20022-unifi-pow
Read 26 tweets
Mar 15
[1/๐Ÿงต] I believe @bob_way has already gone way overboard with #ILP and all the complexities of explaining all that needs to be expressed. โค๏ธ

Still, let me make a few remarks on the following topics ๐Ÿ‘‡
โ€ข Infrastructure layers of #ILP
โ€ข #XRPL Payment Channels
โ€ข "Ledger Graphs"
[2/17] โ€” Infrastructure Layers of #Interledger โ€”

When it comes to the most recent version of the open #ILPv4 suite in universal mode (high volume, low value payments), the layering is as follows:

1โƒฃ Application
2โƒฃ Transport
3โƒฃ Interledger (Core Layer)
4โƒฃ Link
5โƒฃ Ledger
[3/17] โ€” 1โƒฃ Application Layer โ€”

This is the suite's first layer, and it contains the following protocol:
โžก๏ธ #SPSP (Simple Payment Setup Protocol)

๐Ÿ“ This is for #identifiers, which are comparable to email addresses and are used to make addresses readable.
Read 18 tweets
Mar 10
I wanted to thank @bob_way once more for this 4 hour Twitter space marathon.

Today I realized that I am still in the early stages of learning about #ILP and the #XRPL.

In case you missed it today, here are all the sources we discussed: ๐Ÿงต๐Ÿ‘‡
1โƒฃ โ€” #Rippling and the "#NoRipple Flag"

xrpl.org/rippling.html
2โƒฃ โ€” Local Exchange Trading Systems (#LETS)

investopedia.com/terms/l/local-โ€ฆ
Read 11 tweets
Mar 5
[1/๐Ÿงต] @DigiEuro interviewed @moderndosh and @AntonyWelfare on the @Ripple #CBDC-Manager software.

The underlying private #CBDC-ledger based on #XRPL was also heavily discussed.

I summarized the most of the interview for you, along with my personal comments. ๐Ÿงต๐Ÿ‘‡ Welcome to the Ripple Digital Currency Manager
[2/19] To begin, if you are completely unfamiliar with #CBDCs and the #Ripple solution, here is a nice place to start:
[3/19] One important reason for using a private version of the public #XRPL is that a central #bank needs to be able to control the #money supply.

Why use a private ledger โ“
โ–ถ๏ธ Central banks and #governments must be able to mint and destroy #currencies. CBDC Hierarchy of Needs
Read 21 tweets
Mar 5
[1/๐Ÿงต] Beautifully crafted thread. ๐Ÿ‘

Even though I mostly agree with everything expressed, there are some mistakes made based on terminology starting with the word "token".

A thread (๐Ÿงต) about my opinions, which are hopefully more uplifting. ๐Ÿ‘‡
[2/10] Let's start with a definition of "token" and see if we can locate a suitable statement in the #web.

What is a token โ“
โ A crypto token is a representation of an asset or interest that has been tokenized on an existing cryptocurrency's blockchain. โž Source:  https://101blockchains.com/wp-content/uploads/2022/
[3/10] Even if the distinctions are small, claiming that #XRP is a token is strictly incorrect since #XRP cannot be a token.

Because #XRP has no issuer, it cannot exist as a tokenized representation of anything. XRP  XRP is the native cryptocurrency of the XRP Ledger. All
Read 11 tweets

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