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Showing content with the highest reputation on 07/31/2021 in all areas

  1. Hey guys, how about a like or two, this is work.
    11 points
  2. Because the world is finally catching up with reality, and beginning to build on top of XRPL. It was only a matter of time. I'd have figured crypto would have snapped into reality a few years ago regarding XRPL'S advantages, but then again, Group think + funded FUD + Twitter = "you can't fix stupid".
    8 points
  3. Just to clarify - XRP / XLM / XDC etc are all ISO-20022 compliant cryptos, MOON in my head is a relative concept, I don't know when exactly - but it's no longer IF, it's just WHEN. So if you're looking at this post and thinking I mean today, this week etc, nope, I just meant, when THEY choose to switch it on. When will that be, let's just say, the BIS Nexus announcement definitely takes us all a lot closer to the MOON SHOT. This will be one small step for man, one giant leap for XRP hodlers Keep this in mind:- ISO20022 is supposed to go live in November 2021 - source:- https://www.infostien.com/post/quant-partnerships-part-1 Also see:- https://www.swift.com/standards/iso-20022/iso-20022-programme/timeline Customer adoption Familiarisation, training, design and implementation planning are already underway at some institutions. We are expecting the majority to begin the training, education, design and implementation planning of their ISO 20022 programmes from late Q1 of 2021, and will provide support for testing, including “sparring partner” facilitation, from Q3 of 2021.
    7 points
  4. This is just the beginning, when smart contracts, etc take a hold in the XRPL!!, OH BOY!! Clayton tried to kill the competition because he knows what is ahead!! Some high ups deep in Ethereum and BTC got together and discussed the future and all roads led to the XRPL and then it became a question of what can we do to curtail this technology to at least allow us to remain competitive! If you have paid attention to the FUD over the years all the major FUD was directed from BTC and ETH to XRP out of all the moving targets in crypto they chose XRP as their target it wasn't born out of an ideology but more so a fear orchestrated as an ideology. Most of the people screaming screw the banks would have their money secured no other way when it comes down to it. "So think about it???" The driver of the FUD against XRP and the XRPL is fear!! I truly believe at some point the ETH and the BTC whales will start purchasing large sums of XRP if they have not already started on this journey. The use case is starting to Trump the Fud were heading to an impasse and decisions need to be made and they won't miss out on the next asset to see a meteoric rise, but they will continue to spread FUD to Shepard the sheep away. This will be worse than the miss out on on BTC and Ethereum, because not only will speculation and fomo drive price but XRP will have something BTC never had drive price utility!! So the opportunity to get on the train while the price is low will be very slim, there will be no time to decompress on the way up!!
    6 points
  5. Is this competition for Ripple and XRP? Or are they using Ripple and XRP, what is this all about, facts are a little hard to come by at this point. I did find this PDF about it, there was no mention in the document of blockchain, DLT, Ripple, XRP, XLM etc I could find. But there is also this set of pages on the BIS website, which I am currently wading through, I will let you know if I find anything juicy UPDATE = VERY, VERY JUICY - https://nexus.bisih.org/nexus-annex-api-and-message-definitions/iso-20022-terminology See a previous thread about why ISO-20022 is such a big deal for XRP holders To put it bluntly - SEE YOU AT MY NEW BEACH FRONT PROPERTY. Keep this in mind - Ripple Has Been Talking to Central Banks "for a Long Time," Says RippleNet GM ISO 20022 Overview | RippleNet Shaping the Future of Cross-Border Payments The world is converging on a new global standard—ISO 20022, the de facto global data standard for modern payments. To help enable this next step in global interoperability and meet the evolving needs of our customers, Ripple is now part of the ISO 20022 Standards Body—the first member focused on Distributed Ledger Technology (DLT). Keep in mind all you OLD TIMERS, there are plenty of new people here, who may not know a lot about this stuff.
    5 points
  6. Certainly interesting. But really can't make much of it. I'd say Jeremy's theories still make a lot of sense and are still likely, but let's not get our hopes up. Hope for the best, expect the worst.
    5 points
  7. A couple of quotes I have read from Twitter feeds:- "Don't all attorneys at the SEC have the title of "Trial Attorney"? I know it's different, but I used to be an Assistant District Attorney, and all of us were "Trial Attorneys"." The general sentiment (Twitter DYOR), is that this lawyer's past cases have had more to do with settlement. Do I get paid this full time news service!
    5 points
  8. Well, when i would be rich enough so that i never ever have to work again, then power and status is the last thing that would come to my mind, because i just don't care about that. I gues that it's all about that they don't know what to do with all their money because they don't any imagination. About 10 years ago there was a guy that won 10 million in a lottery and they asked him what he's going to do next in life, and he said that he will keep his job because he doesn't want to loose the contact with his fellow workers! Now how sad is that when you have 10 million and don't have a clue to fill in all the free time you have? Hell, i have so much hobbies, that i would need an extra 100 years to live, so i would never ever get bored, and then status and power is a thing that wouldn't even come to my mind, because i love to be left alone, so i wouldn't invite 100 "friends" and party al day and night and burn al the money within 2-5 years and then be broke again. No i would think that i might become 80 years old, so i have 25 years left, and then smear that 10 million out over those 25 years, and that's still a whopping 400k per year, and i sure could live with that. Now i didn't won 10 million, so i have to keep on hoping that i make some good money with crypto's and i even would be happy when i have 50k a year after all taxes, because that's way enough for me to have a good life, and no more worries of how to pay the bills next month or save money for retirement. Now when i would have 100 million, then i would just buy a bigger home and more big boy toys, and then the rest of my lifestyle would stay the same because i don't feel the need to become popular or famous. Hell, i would print a bunch of t shirts with "i don't care" on it and wear that the rest of my life. And i wouldn't need a walk in closet, because all i need is a t shirt, swimshorts and flip flops, because i would live there where the sun is always shining and the ocean is always 28 degrees and the water is clear as tap water. Now that's the life that would make me happy!
    3 points
  9. Hello XRPians another interesting airdrop on the way. Follow the twitter link here.... Looks like exciting time ahead
    2 points
  10. If your favorite is XRP, What is your second favorite project and why? Does it have similar beneficial qualities to XRP?
    2 points
  11. I have talked up Solana since it was $0.90 but missed my initial entry into Arweave. Recently during this last dip I took1/3 each of my ADA and SOL profits and bought into AR. Arweave has a particularly interesting use case - it is a pay once, up-load once read-only archival file store. Unlike Filecoin that acts more like a decentralized dropbox, Arweave acts more like a persistent records library - really putting it more on the level of tangible personal property. Pay once, upload, saved forever. The tokenomics are interesting, a foundation pool is supposed to get a portion of the storage fee and that pool pays 'miners' who run rigs geared more towards high speed, high quality file access. Arweave stores archival ledger history for Solana, allowing them to essentially have a hot and cold archive for transaction history. https://solana.com/de/ecosystem/arweave I believe the Internet archive is also working with Arweave to create more permanent file records. https://arweave.medium.com/arweave-the-internet-archive-building-a-verifiable-record-of-history-9787ba018020 There are applications like ArDrive that give more user friendly access to the file pointers you generate as part of your account. https://ardrive.io/what-is-arweave/ China tried pulling Arweave miner machines in an effort to remove unfavorable Chinese newspaper archives. https://www.altcoinbuzz.io/cryptocurrency-news/product-release/arweave-suspects-china-in-recent-hacking-attempts/
    2 points
  12. A lot of people on the sidelines are going to be skeptical of the recovery until it's too late to buy in; then they will miss the boat. For those of us that have been here for a long time, we're just enjoying the ride up!
    2 points
  13. The only utility value of BTC is selling it to a greater fool for more fiat. The goal of BTC maxis is to get more fiat. That it, that's all she wrote folks. Jamie Diamond was dead on, "BTC is a ponzi scheme", the key characteristic is that that only way to make money, is to sell to a greater fool. Wallstreet accumulated over the past few years, they are starting to dump to Retail investors, starting with their High Networth clients, then full blown "anybody can buy in". The retail sales is the signal I've been looking for, to start my short BTC position, because "there is no greater fool than Retail", so that's the end of the road for BTC. I expect it to be one of the best trades I'll ever make.
    2 points
  14. Why's everyone always always dumping on us?
    2 points
  15. It’s the same old adage “Money won’t change me” to a point. I think we all like to think that with money we’d just enjoy the little more often, do what we want when we want and be able to enjoy the freedom we’d have without having to be burdened to bills and work etc. The truth is we don’t know how we’d react to that amount of wealth. All we can do is hope we become better people to those we love and those we care about without becoming a pompous arse that comes from having more money than we know what to do with. I know for a fact it would change me, all I can hope is it changes me for the better 👍
    2 points
  16. I've been investing in the Render (RNDR) token for over a year now. Distributed graphics rendering is big business and the project has some big names behind it (J J Abrams) The NFT craze has boosted its profile but going forward, film studios save significant costs by utilising the OTOY & Render network. If you have a powerful Nvidia rig you can earn RNDR by taking parts of a job. Like mining but with a tangible product at the end.
    2 points
  17. FTSO_AU

    FTSO matters

    Here’s a sneak peek of our App … sorry, couldn’t post clip directly.
    2 points
  18. https://u.today/garlinghouse-and-novogratz-react-to-warrens-push-to-regulate-cryptocurrencies I must have nothing better to do or have OCD, Obsessive Crypto Disease
    2 points
  19. Tin Foil Hat: The supposition was that Gensler put Warren up to writing her letter, which Gensler's should of replied to yesterday after the should have happened deposition by Hinman BG is praising the Warren initiative which wants to regulate exchanges "miners" and "faceless coders" We have rumours that a settlement deal has been done Gensler has opened a twitter account BG and Gensler seem to be singing from the same hymn sheet and BTC seems to be a target for regulation? Ripple are coming out of this SEC case holding hands with SEC? XRP will be free to trade whilst the clear up of bad actors gets under way?
    2 points
  20. https://news.bitcoin.com/paypal-cryptocurrency-services-super-app/ Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that,” said Paypal’s CEO. New features will include high yield savings, early access to direct deposit funds, new and improved bill pay functionality, messaging capabilities outside of P2P to enable family and friend communications, as well as additional crypto capabilities and customized deals and offers.
    2 points
  21. Not to derail this thread too much but...for honest/reasonable individuals, stopping the rich from getting richer isn't/nor shouldn't be the motive. (That would simply come from a place of jealosy/ulterior motive.) It's more about making sure the system isn't rigged and everyone is playing fair. As Ripley stated, state intervention in many cases has simply served to implicitly and often explicitly rig the system... so trusting even more power to the state to fix it... tends to backfire. Very difficult problem to solve when all of us are so susceptible to giving in to corruption and dishonesty.
    2 points
  22. Lots of alts are still 4-10x their bottom even after retracement. Probably in about 4 weeks, alts will go crazy again, perhaps those that haven't really gone up from their very bottom yet will have a field day.
    2 points
  23. Bitcoin is still in the $30k to $40K range. After 9 green closes in a row, Bitcoin's price action is taking a little breather. Bitcoin now has two down trend lines to break. short term $40,400 and $43,400 which again breaks Bitcoin out of the larger down trend. Still waiting on the huge green candle that gets everyone FOMO'ing back in.
    2 points
  24. I like Flare, Tezos, xxNetwork, INX, Nexo.
    2 points
  25. Agreed, it’s all about the individual, not the money. Having all the money in the world just allows you to be who you are without having to worry about what anybody else thinks. If that’s a raging ******* then that’s what you’ll be. If you’re just a cool dude though, you’ll just continue being a cool dude, and perhaps even cooler because now you’ll be able to do things your budget previously did not allow. We seem to be very alike in very specific ways, and very different in others! I also don’t care about any of that and LOVE being left alone. I also have way too many hobbies, I’m always tinkering with something or learning new things. I also don’t care about power and status, and honestly, even with all that money, sure I’d get a VERY nice house but, I wouldn’t want it to be too big, because I like keeping everything clean, and the bigger the house, the more I have to clean and no, I won’t have maids because I don’t like anyone wandering around my house or touching my stuff or moving anything around. People think being rich automatically makes you into an a hole with incontrollable spending habits and that you’ll lose it all buying a big house and flashy cars, spending too much on traveling and flashy clothes and this and that. Sure, most of that applies to the average person, but I am anything but average. I’m pretty much a hermit that likes to be left alone most of the time and doesn’t like attention, so I don’t need any of that flashy or fancy stuff. I have a small group of friends who are very loyal and have been the same since I was a child. We’ll most likely die being friends, still having our simple and fun gatherings like we always do. I do like gadgets though, and they tend to be expensive but I’ve been able to buy every gadget/tool I’ve wanted with my own income and still have zero debt, so I sure as hell wouldn’t mess up with extra “crypto moonshot” money. TLDR: More money will only have a positive impact in my life and it certainly won’t “change me” like people think it does.
    1 point
  26. retep

    Charting the course of XRP

    Sure there are people who can't deal with being rich over night, but those are mostly low lives or people who where already an arse before they got rich, and they are the ones that burn through their money in notime. Anyway, it sure would change my life but not me as a person because i prefer the easy and quiet life.
    1 point
  27. It is purely down to personality and character. Many wealthy people are rather clever, understand lifestyle creep and very actively fight it.
    1 point
  28. Money does not change everything, but it changes a lot, because every form of expression of your wealth also changes your environment. Let's say you are a normal dude with a medium income and all your friends are also normal dudes with medium incomes. Now you suddenly have a few million dollars and you spend a little more money than usual. Your house gets a little bigger, the furnishings more luxurious, the TV bigger, whatever, maybe a convertible, the food gets higher quality, the vacations a little more expensive, the free time a little more. All of that has an effect - on you, and on your dudes, too. Some of them will be envious, others will feel that you're out of touch, or that they're "not good enough" anymore, etc. You yourself will no longer be able to imagine eating the cheap cheese from the supermarket, your own demands will inevitably rise. Everything we do changes us and changes our environment. If everything is to remain as it is, do nothing, but then you don't need several million, because you don't use them anyway. My text sounds very negative now, but of course it can also develop in a completely different direction. You will become a much better person, your intercourse will be better, you will get new friends who are better people than your old ones and so on.
    1 point
  29. Quincy Jones described this as Rippling, I think this is what maybe being referred to in a way within the BIS Nexus, vid / documentation, i.e. currency flipping.
    1 point
  30. Do it for the love or don’t do it, either way it’s up to you. Asking for congratulations every post is becoming a little annoying.
    1 point
  31. I read it last week (BIS published it on their site July 28th https://www.bis.org/) but my impression was that pre-funding and nostro/vostro are still required by Nexus. I'd like to know what others think.
    1 point
  32. It seems he does not have much experience. Only been with SEC a few months. I hope they bring a junior on board to take the loss
    1 point
  33. Tezos. On-chain governance, which allows for core protocol updates. The blockchain should survive the test of time becaue of this. There are some other positive aspects (PoS, formal verification for the smart contracts, eco-friendly NFTs and DeFi ramping up) but on-chain governance is the main feature.
    1 point
  34. Been watching closely for week or so. Critical point right here
    1 point
  35. djdhrubs

    Wading into DeFi

    How could I forget? vfat.tools is invaluable if you don't know about it already. Other youtubers to follow are Defi Dad and Gabriel Haines.
    1 point
  36. I like Cardano. I like VeChain. And look forward to the launch of Flare. If flare promises what I've read so far, it BECOMES a big deal. I'm sure!
    1 point
  37. Personally I think Hogan is spot on look at the timing of things, Gensler launching his twitter page, Warren asking for some finality on guidance in this space and flipping her ideology from being a digital asset opponent to recently falling short of saying it is needed to run with the ball where the banks have dropped it. Something Big is afoot here and as Hogan has alluded to the lack of response where a response is needed and expected indicates a pivot somewhere in the process. One thing that I have also said in previous post is that SBI can determine the outcome of this case and it looks like they are playing their hand and I expect more to come from them !!! Money talks and BS walks this applies on a global scale. I'm not big on youtubbers but I have like 3 favorites and the Digital Asset Investor being one and I will use a phrase he often uses here "All the World is a Stage!!!"
    1 point
  38. rant + knowledge sharing The way to become a billionaire is to own/run/be an senior leader of a company that's part of certain S&P/Russel/Dow indices. Then the magic of passive investments in the U.S. kicks in, where anyone who has a job gets a 401k with a default plan that automatically invests into theses indices. Most people don't bother looking at what their 401k plan is, the rest don't have too many options to switch and before you know it, up to 18k USD of your salary is going into the coffers of these companies, making the rich richer. The problem is with how these passive investment funds have been incentivized (by both Republican and Democratic governments, through Central Banks) With this guaranteed investment into their company (they have to actually do the thing they are supposed to.. a failed company is quickly removed from indices), you never sell your assets but take loans on them. The loans are usually at 1% or lower interest rates if you have a super low LTV. Invest that into more assets, use the dividends from your equities to fund your regular expenses and pay back your loans, sit back and relax while politicians bicker over who's actually responsible for the rich becoming richer. You don't really need income at that point (why pay income taxes ?) so claim that you're a "holier than thou" nice guy by taking a $1 salary. There are only two ways for to stop the super rich from becoming insanely rich - Have a threshold after which loan interest rates jack up even if the LTV is super low. For example, if you take more than $50 millions in debt (total), your interest rate is 25% or higher whether your assets are worth $100M or $200B. That will force people to sell their long term assets (because that rate at 20% is cheaper than 25% for the loan). Force estate taxes after a certain threshold. I don't see how we are supposed to pay taxes for "found treasure" (lottery, crypto airdrops, restricted stock units etc.) but children of the rich don't, even though it is effectively found treasure for them too. Increasing income taxes only serves to keep the middle and upper middle-class poor and stop them from ever becoming rich. The poor don't earn enough to contribute to income taxes. The rich don't have too many expenses and so get away with very little income, and so don't pay too many income taxes (they pay other taxes). That leaves the middle and upper middle. Unfortunately, I don't see the current state changing. Democrats need voters to be angry about billionaires and Republicans need voters to think they have a shot at being a billionaires. Both of them of course are wrong and this is the case with not just the U.S. but literally every country in the world and all of their political parties. It's the people that need to educate themselves. /end rant
    1 point
  39. I so appreciate the differing opinions of everyone on their investment philosophy, but my stomach turns at the accusations from person to person because they disagree. I’ve seen a few “that’s a great point, but have you considered this?” Type conversations- and love them, but most turn into a “you’re a f’ing idiot and all of your thoughts are invalid- I’ll prove it by quoting past posts”.
    1 point
  40. Big fan of Bancor. Finally dipped my toes into the defi waters. Their single-sided staking and impermanence loss protection are really interesting, and they've apparently got something big on the horizon with v3 (rolling out in the next few months). Only downside is the gas fees because they're on Ethereum, but supposedly v3 will help with that, as will eventual integrations w/ L2 solutions like Arbitrum and Polygon.
    1 point
  41. Oh yeah, and I'm very excited for Flare, but I've kind of forgetten about it while I wait until they've got something I can actually use. I wasted too much time waiting for them to launch.
    1 point
  42. I should qualify that statement a bit. I don't see them as direct competitors at all, but they might be viewed as such anyway by the general market. I actually think Ripple and XRP use cases can be boosted if QNT delivers on its plans. I think you're in tg chat for QNT so not explaining anything new to you @meegwell.
    1 point
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