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Showing content with the highest reputation on 10/10/2021 in all areas

  1. It's official. This doesn't work. I hope one day they implement it as originally conceived. One of the things I really liked about the old XRPL is that you could work out little schemes like this right from your wallet without having to code. This idea gave me that same kind of vibe.
    3 points
  2. Class Action Link - https://t.co/oTlS7iWVIp?amp=1 This has already done the rounds, but if it brings in more people to the fold, then the more, the better. No matter where, when or how you got your XRP, if you hold any, then please use this link to sign up to John Deaton's class action. The SEC's insane actions against the very people they say they are protecting, need to be pointed out to the court. It does not matter which country you're in, you can still sign, your information will not be shared with anyone, you just need to give over your name, address and maybe your phone number, and you can make a comment as well, but it is not a requirement. Help John Deaton, help us and the whole of crypto, by standing up to the school bully and punch that sucker back. If the SEC get their way, almost all CRYPTO CURRENCIES will be ruled as securities in the USA, which would be a disaster for the crypto industry. Do not let this man:- And his cronies win on this matter, this is not about Ripple, this is about the legal status of our asset in the USA. XRP is not a security, Gary Gensler is not a man who can be trusted, he will hold crypto at gun point and sue every market participant including end users, if he gets his way. He refuses to listen to 30,000+ people who signed a petition to look into the alleged crimes of William Hinman and Jay Clayton. NOW is the time that WE collectively show him and the court, NO MORE OF THIS. If you want to understand all this more, then watch this: HELP JOHN DEATON, HELP YOURSELF AND THE WHOLE OF CRYPTO, SIGN THE CLASS ACTION, IT TAKES 2 MINUTES:- CLICK HERE TO SIGN UP TO THE CLASS ACTION The SEC caused a $15 BILLION dollar loss to XRP holders, if Gary Gensler gets his way, then how much more damage will his agency do to the Crypto industry! WE NEED TO PROTECT OURSELVES FROM THE AGENCY, THAT LIES ABOUT PROTECTING US.
    2 points
  3. Yeah I think it’s just the ratio of ‘over subscribed number / max subscribed number’. But unless it’s a big over subscription it won’t ultimately be a big positional effect I think. For instance 1% over (eg 11%) is a ten percent reduction (if I’m correct). But the over-subscribed ones are likely to also be the high performers. So losing 10% of a twice as good as most performers’ rewards is not a bad position to be in. Its better if not oversubscribed but I don’t think it’s the end of the world. I think most people are worrying about minutiae that don’t matter at our scale. Chasing the highest performer is possibly a risk. But at the end of the day the rewards are pretty good no matter what you’ve done. Just make sure you compound them and you’ll be doing fine.
    2 points
  4. I understand what you're saying Brian, but in my view we're not even at adoption yet. Given a level playing field a lot of shifting is still possible. Time will tell.
    2 points
  5. Eric123

    Epic Pennant on BTC Chart

    On the Bitcoin's Weekly Chart the reverse H&S chart is even more obvious than on the daily chart. The pattern is looking good. XRP is working on It's own Reverse H&S chart. Although the Neckline is around the $1.50 price level. @Pterolycus I LIKE IT. @Mountainman Glad to help. Always nice to get a greeting from the alps. What's a "sat" ? Never heard of that. Just kidding. I don't like "Sat" not that I don't want to give props to Satoshi but the name is too far removed from Bitcoin sound wise in my opinion and also at this point pricing Bitcoin in 100millionths is too small. Even with "Sat", there is a need to name the other fractions.
    2 points
  6. Given we are currently still in bull market and xlm is one of the low gainer without the sec dragging it down the MG news should have sent it towards ATH and beyond IMO
    2 points
  7. I think XLM had an independent pump a couple of days ago with Moneygram news.
    2 points
  8. As the others have mentioned, votes/rewards are capped. But bear in mind that the voting epoch started on Sat, so new votes going to A-FTSO shouldn't (if we're to believe the rules that nobody really explains) make any difference until the next epoch starts. I myself delegated to #2 and #3 on the list this time because I was worried that millions might pick A-FTSO at the last minute and go over the threshold before the epoch started. [Not wanting to be too gloaty or anything, but "my sell the lot and earn % on stuff I don't own" strategy is going rather well, getting almost 1.8% on something I already sold, and at the same time, got 12% (so far?) on the stuff I bought. I'm giving this a trip-advisor * * * * * 5 star "must try" rating ]. edit: change 2.5% to 1.8% because I did it wrong
    2 points
  9. What I also find interesting is that usually when XRP increases we see a comparable increase in XLM because of the trading bots. The current increase however looks independent of XLM.
    2 points
  10. Yes I think that is the correct interpretation. So if the reward per 100 for that particular FTSO was 2 but only if they have less than maximum voting power, it will be less if oversubscribed. Those who have delegated to such an “oversubscribed” FTSO will actually only get say 1.9 reward. The delegator is rewarded according to vote power but only up to 10%. After that it’s not getting more reward but does have more accounts getting a split.
    2 points
  11. Bingo! This is why I'm pro XRPL but remain a Ripple cynic. They thought they could just own all the value/tokens, but sit back and watch the network effects roll in (so they can use the liquidity for remittance, etc)! Because you know... superior tech. That's not how it works, we know now. So XRPL became a graveyard. Better tech doesn't just magically win – incentives bring network effects, which bring convenience (e.g. standardization); and XRPL had no built-in incentives. Ripple hoarded all the XRP for ~7 years, which is why XRPL is still catching up – eventually it will regain the #3 position but Ripple have done almost as much to hurt as help the XRP ecosystem. Silicon Valley arrogance! At least they've learned their lesson now and we have people building on the XRPL.
    2 points
  12. 2 points
  13. I'm pretty sure Ripple is well "ready, willing, and able" to fight.
    1 point
  14. SEC are really resisting the release of these two documents.
    1 point
  15. So true my friend. ETH is still in development like all the other smart contract systems. At present it needs a ‘free pass’ from the SEC to compete. But as soon as that ‘advantage’ is gone it will succumb to better and faster tech. In fact Ethereum is in a worse position then the competition whilst they have to succeed with ETH 2.0 to stay alive. So the VHS comparison imho is flawed.
    1 point
  16. I believe that we will see an overall increase when the btc looses dominance. I hold other coins too and some of them made a nice profit in recent weeks, but xrp i hold from the beginning of my crypto journey. What i wanted to say that the positive turn of the market is something we can enjoy and look forward for more:)
    1 point
  17. Beat me to it lol. Just replied about that
    1 point
  18. I watch this too and you are right about XRP outpacing XLM the past day. But, just to offer a counter argument to keep us grounded, maybe it is just XRP catching up to XLM from their Moneygram announcement. XLM was outpacing XRP for a bit there. I am looking forward to the day where we get some nice increases due to the lawsuit finishing up (perhaps even before an announcement because of insiders etc) but I don't think this feels like it.
    1 point
  19. Still got half my bag, sold half at the ATH a few months back. Will be keeping this stash for the foreseeable. Completely out of the loop though, is there good stuff coming?
    1 point
  20. That’s a pretty much live look at delegations for the current one. It changes as people migrate. The overall is likely an average for the whole period. I’m just guessing though.
    1 point
  21. So the smart move would be to migrate to providers who are doing well but have less delegated? Like a fantasy football league, you need to choose the cheap player who is going to have an awesome game this week, then next week everyone buys him because he did well last week but you got him cheap.
    1 point
  22. But Facebook was never trusted as the platform that can serve as the infrastructure of the countries.
    1 point
  23. Sorry, I didn't mean political with a negative connotation. I just meant that I don't follow crypto from the perspective of all the news about the business arrangements and political happenings. I'm trying to say that I'm not challenging you, we're talking about different things. I'm not saying a Ethereum will become the bedrock. I'm just saying it's going to be successful for a while. By a while I mean in crypto terms, like a good 10 years at least. I don't think we're looking at a MySpace/Facebook dynamic where something new will just kill it off quickly. Similar to the way that Bitcoin is no longer a majority of the Crypto market but it's still a plurality, I think Ethereum will be a plurality of the smart contact market for a while. I'm not saying this is because of Ethereum's tech. It's because Ethereum is where the money is and where the users are. It's the same reason why it's so hard for social network to rival Facebook and Twitter even though their products are fairly easy to replicate. You can't replicate the fact that someone's friends and family are all using Facebook, they care about that more than even if you've got a technically better social network. You can't replicate the fact that Ethereum already has a huge pool of users making money and looking for new ways to make money. Devs building new things will choose to build there for that reason.
    1 point
  24. Thanks for clarifying that. If that is what he is saying I find it an unbelievable supposition. In terms of real world usage we are hardly crossing the line between innovation and early adoption, so I think it is just not possible for a company/technology to have that sort of position in markets that are still unborn. To have that position ETH would need real reason for their present cohort of users (as well as the even larger number of projects not yet even started) to loyally go on building on their tech rather than choose alternatives that are more suited. Organic growth of the existing client base (if they really are that loyal to ETH) simply does not provide the level of expertise, finance, leverage, loyalty to carry that scenario forward. They will be swamped by the volume of new entrants with much more money and innovative adrenaline. We can already see companies like ADA and DOT getting traction independent of ETH, and the NFT market is already showing a lot of independence of mind. They will not wait for ETH to reduce their gas fees and speed up and scale up their tech to match what is available elsewhere. But I am a tech dunce and am very willing to admit I am likely missing some magic ingredient that is going to reverse what I am presently thinking.
    1 point
  25. I feel like what @brianwaldenis saying is that best tech doesn’t always win. Like something that happened with VHS vs Betamax. VHS garnered enough mass that industry went that way in the end. There is so much velocity already in ETH that it’ll be around for a while and now they have money to work on their weak points (or at least try with ETH2). In the end, money is sort of like electricity - it flows where friction is lowest because that’s where people will make most money.
    1 point
  26. Did I put forward political reasons? I like to have my points of view challenged. It is especially satisfying when the challenge comes from strength in the opposite corner where my weaknesses are greatest so to speak. That why I want to hear your challenges properly. Are you saying that the network growth started by Eth is already so powerful that it will become the bedrock of the future development in their field (IE Smart contracts/defi) and it will not be deflected? My limited understanding was that projects can migrate off ETH onto faster more responsive platforms. (There was Charles Hoskinsons quote "FLR just eat Eth's lunch). Wouldn't money flow towards the solutions that provide the most commercial solutions; ie speed, cheapness, scalability and user friendliness? You seem to be suggesting that there is something in the ETH tech that will keep the loyalty of the customers they have on there network and away from migrating onto other platforms?
    1 point
  27. We are speaking orthogonally. I will stop. The point I'm trying to make is completely different and I'm not fit to comment on the political stuff.
    1 point
  28. I have and I’m in the UK, I agree, I think we should all sign this. All to gain and all to lose for a simple form. No matter how much you hold, SEC are saying all previous and current sales are a security, it’s madness. The more the merrier, click that link 😎😉
    1 point
  29. Gensler himself is an ex Goldman guy. The dirt bags have the whole system rigged.
    1 point
  30. I saw they have their Lobby thing coming out that looks like it will be a connection to multiple online casinos.
    1 point
  31. I'm trying to help prop up this new price, by placing a leveraged short position at 1.18 ( just trying to do my part !! )
    1 point
  32. The reason why this ‘old tech’ is flourishing is because JP Morgan (& obscure friends) is pushing it like a crack dealer and it has the unexplained ‘exception ruling’ (free pass) by the SEC rats. It stinks and other chains are ‘held back’… Yes indeed follow the (dirty) money in this case. 🤮
    1 point
  33. There are tons of so-called Ethereum killers already out there. BSC, Cosmos, Algorand, Polkadot, Avalanche, Solana, Terra. Not to mention level 2 solutions like Polygon and Thorchain. I'm sure I'm missing others. None of them have killed Ethereum. It's a multi-blockchain world. You guys call Ethereum old tech, but the XRPL is even older tech. People don't use Ethereum for the tech, they use it because that's where there's money to be made. As long as there's money to be made there, they're going to keep using it.
    1 point
  34. The Bogdanoff brothers heard that @w1s sold off down to 60% for the weekend bears
    1 point
  35. Netburn's insistence that SEC explain the grounds of why SEC claimed entitlement these documents are privileged seems to confirm your conjecture. This defiance is high risk not only in the Court of Law but also in the Court of Public Opinion. Deaton really is hitting it out for the common man and woman against institutional bias, hubris and entitlement.
    1 point
  36. Nerds in the twitter comments not realizing that Deaton only represents XRP users/holders (not Ripple) seem to be getting caught up in the fact there is a difference in the way Ether (et al) started out vs the way Ripple did... but, while Deaton (I'm sure) knows some of that, it's not his job to defend Ripple. I'm quite happy to let Gasparino's questions about the "double-standard" btwn ETH/XRP go on... because there is one - but it's not quite the one he thinks it is - so let's keep digging into that, shall we? Good stuff - but those who are too close to it or know the history are missing the point that this is how a story *develops*. Patience... (Also, wow, Eleanor Terrett... she knows... she soooo knows! Almost has Hinman's speech memorized - what more can one ask, at this point, but to keep going with it? This is starting to remind me of REAL JOURNALISM.)
    1 point
  37. You are basically saying ETH is not a house of cards, it has deep roots and history of innovation. I get that. This is interesting to watch This is how I see it developing: Going into the future I think ETH and BTC have very serious problems. Their tech is basically full of friction (in the sense DS uses the word) and competitors are not looking to compete with ETH and BTC, they are setting out to outflank them. The response from ETH and BTC so far has been to bury their heads in the sand and say we were the first innovators and we are the biggest and we own the market, as long as we go on developing our products and have the most powerful friends we will go on holding our positions. Lubin is a wheeler dealer, not a strategic thinker. The world does not reward businesses with unresponsive rudderless leadership. Sometimes they just get shot out of the water, like Kodak, other times they simply fade. I would think ETH and BTC will fade slowly at first and then when adoption comes their tech will be irrelevance and get left out.
    1 point
  38. ehm... everybody calls it "sat". I think this is fine. It even has its own symbol: https://satsymbol.com/
    1 point
  39. This is correct, and wise. Literally no one knows when the thing starts, and so no one can take advantage of such knowledge.
    1 point
  40. KarmaCoverage

    FLR and SGB

    I saw in the Gensler testimony that he casually mentioned that "if you move your operations offshore (or maybe it was self custody), then anyone outside the US can participate and anyone running a VPN". He knows the SEC'S "enforcementability" is limited. I smell lots of Saber rattling.
    1 point
  41. brianwalden

    FLR and SGB

    Two things. 1) Flare is going to create a ton of transaction volume on the XRPL because the price of FXRP is essentially kept pegged by arbitrage. 2) Trustless issued currencies bridged over from Flare to the XRPL are finally going to return trading to the XRPL DEX. I was never much of a trader, but man I used to love the old DEX back in the day. I'm probably that old guy who thinks everything was better back then.
    1 point
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