The idea with something like JPMorgan's coin is it doesn't need to have an intermediary who wants to buy X and sell Y to do an exchange and the liquidity issues around that, QNT would enable the JPMorgan coin to transfer across blockchains so no need for an exchange to take place and sufficient liquidity be held by an intermediary involved. It is locked on one blockchain and represented on another. JPMorgan's coin will be fixed to $1 its basically like your bank notes now where it’s an IOU and at any point the token can be redeemed for $1 through JPMorgan. Due to it being the largest bank in the US and fully regulated / compliant then there will be a lot more adoption of this by banks rather than using a currency such as XRP.
Interledger is limited in its ability to just a transfer of value, it is about the cross-border transfer of fungible assets. So there needs to be a buyer on one side and a seller on the other to facilitate the trade. It is just one simple form of interoperability, Overledger enables this but also provides the ability to transfer non-funglible assets, tokens represented across multiple blockchains. Its not just about currency, everything will be tokenised – think Invoices, quotes, Supply chain, identity, assets, stocks, bonds, securities etc.
As mentioned previously this is far bigger than just settling a trade where one-party buys say XRP and then the other party immediately sells the XRP to facilitate trade, QNT can be used to transfer any coin across any blockchain, but also any asset. The vast majority of Assets are going to be tokenised - Gilbert mentioned their clients are already tokenising things such as Artwork, to real estate, even Oil Refineries. This makes assets that were normally illiquid, very liquid and will have huge benefits. You can transfer ownership (as well as part ownership) of assets across chains, so that they can interact with smart contracts on another. Products being able to move across multiple blockchains used in the supply chain (as not all steps in the chain will use one blockchain especially so considering the number of different countries involved with many global supply chains). Making stocks, bonds, securities etc available on other blockchains again provides global liquidity, assets which are divisible so you can now own a part of a hotel or building etc. As well as making assets / currency programmable so can automatically act in a certain way once certain conditions are met.
Imagine the number of trades you have now without forcing QNT to be used as settlement (which just gets bought and sold immediately so does nothing to price anyway). Instead it is used for all token / currency / asset transfers across chains all requiring QNT as a utility token and holding minimum amount of QNT to facilitate this interoperability.
Nathan Diaz
Give up OP, biztards don't listen. I tried as well, but they just don't listen. They deserve to be poor.
Jaxon Thomas
Yeah but I think many fud quant because dont want others to make it when they know it's the gem 2019 out here. The tech will be a gamechanger, mApps will be big in many industries blockchains
Elijah Cook
i bought this at 2 bucks and sold at 15
is it bad luck to get back in? i've already made 90k from it
Kevin Bailey
Buy back in with 1/3 of your profits, hold for 2 years, retire.
Nolan Scott
How high is the price going to be, any estimate? Willing to hold this for a long time
Cameron Ortiz
imagine actually buying this shit over chainlink lmao holy fuck only braindead retards and pajeets would ever.
Cooper Howard
Price: Uncapped
David Cox
Good work lads. Love you all!
Lets do a P&D AMA.
Need some money for paying my Bills, Forbes, Oracle, SIA (maffia), JP (for keeping his mouth closed), scammy marketmakers, fake listings, And myself
Gilbert sounds and looks like a sleazy scammer. Their paid shill piece in Forbes looks like a typical scam project bullshit pump scheme..."uncapped" lol
nice selfie, smoothbrain. you shouldn't dox yourself on Jow Forums though.
Noah Hughes
all these hypothetical scenarios.
Quant is currently being used by nobody since its inception. 3M volume? LMao
I don't own XRP but atleast Ripple has confirmed 3rd party customers that have said they're beginning to use XRP.
Where is this for Quant? 3M volume can be made with the people who view this thread. no activity.
Noah Ramirez
>calls someone else a smooth brain >doesn't have the mental flexibility to recognize that Quant and Chainlink occupy the same stack >tfw oracles need interoperability
1k is a given, 10k during the height of the next bull run
Aaron Morris
Telecoin seems promising
Josiah Davis
It's amazing how every single Quant thread the same pajeet fudders come out, it's fucking embarrassing. Check the archive he/they are in at least 90% of all quant threads
Kayden Hernandez
Hmmm which coin has a more realistic chance of hitting 1000 dollars I wonder..
John Nguyen
Quant is a scam.
Elijah Taylor
Nope
Elijah Lopez
this dogshit is being spammed everywhere with that Forbes article. If you can't smell a dogshit pump and dump shitcoin in 2019, you're an idiot