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Showing content with the highest reputation on 10/13/2021 in all areas

  1. I SEE NOSTRO / VOSTRO ON THAT WHITEBOARD
    11 points
  2. I feel that this is so important that I contacted Crypto Eri to make a video on the topic. Please let Congress know that this is no laughing matter. Additionally, I'm going to try and make some educational videos about XRPL & Ripple & Financial Markets. So please let me know any topics or questions that you think need better explaining. I've learned a lot here, so I think it's time to give back. Much appreciation.
    5 points
  3. She's amazing and we should all be grateful she is as outspoken as she is on these points.
    4 points
  4. Also, the first concrete conversations about a browser based "Hooks IDE" have been kicked off. More about all of this & more later this year.
    3 points
  5. I'm convinced that I am absolutely doomed to be *relatively* poor while the entire idiocracy surrounding me gets rich.
    3 points
  6. 1. Offering dividends or ownership would explicitly make them securities. That's exactly what the SEC wants so they can regulate them and keep anyone who's not an accredited investor out. 2. The XRPL has a freaking built-in DEX. All they need to do is use it. Make bridges to the major networks and anyone who wants to will be able trade XRP for BTC, ETH, BNB, etc. It won't matter what it's classified as if you can get to it in a decentralized fashion.
    3 points
  7. Commissioner Crenshaw's letter (see below) ultimately draws the battle lines for me with the lawsuit. SEC doesn't want Ripple (along with Consensus, Cardano, any other company) to make any money or any profit from token sales without providing some form of returns to the speculators - dividend, portion of a company, treat it as a loan, etc. Ripple doesn't want XRP to be deemed a security, or even their sales to be a security, in the current definition of a security because that effectively means that it kills the secondary market for XRP. None of the crypto exchanges have broker-dealer licenses and are unlikely to get it any time soon. None of the securities exchanges are likely to get license to support crypto trading any time soon. Needless to say, the implications aren't just XRP/Ripple related. The trick is to solve for #2 above, but at the same time also solve for #1 without killing crypto. Ref: https://www.sec.gov/news/speech/crenshaw-sec-speaks-20211012
    3 points
  8. Waiting for another green day to draw another trend line.
    3 points
  9. I haven’t watched it all yet but I’ve seen the highlights. Big takeaway seems to be that ALGO is coming to Flare. My initial reaction was maybe hold off on adding new stuff and focus first on launching the damn thing but then I remembered that I don’t know anything about this process so I settled down. Mickey and Patty pointed out that with ALGO we now have PoW, PoS, and FBA chains as Fassets, which means in the future it should be easier to add other chains with those consensus mechanisms. Hugo said BTC will likely be an early governance proposal, and that eventually ERC20 tokens and ETH itself could be on Flare. Brian has talked about the power of ETH network effects and I agree, but is there a possibility of the entire ETH ecosystem being compatible with Flare and possibly just using Flare? I’m imagining USDT running on Flare… let’s put aside if this is likely, is it even possible?
    3 points
  10. Flywheel of Corruption (Apologies to Hal1000 who is posting these video on a thread of their own) For those not following the SEC case closely (most of us) time to sit up and catch up. The new information about Gary Gensler's role in advising SEC just as the Hinamn speech was about to go out is casting new nastier complexation on what lies behind his appointment as Chairman, his character and his objectives. The stuff that DAI is putting together on a time line (to be seen on John Deaton's Crypto Law website) is now making a huge story with Gary Gensler right at the centre of it all. The brown nose of JP Morgan and Wall Street with a task to exculpate what cryptologists and retail investors have put together over the years and give it all back into the hands of Wall Street. It is a big long complex chain of events with many actors - principally we have worked out the probable roles of Lubin, Hinman, SEC, Goldman Sacha & JP Morgan, Clayton and Gensler - all working on what looks like the same long term plan to give everything back to the big boys who control their careers (and enriching themselves in the process). This is the latest video of many. Every day the story of what was probably behind SECs attack on Ripple/XRP gets clearer and more obvious. Fortunately timelines with all this information is being put together by John Deaton, and the media is beginning to smell a juicy corruption narrative (if only they had the wit to work out how to explain it in simple terms). link to @HAL1000 thread - The smoking gun videos
    2 points
  11. Seoulite

    Cheap NFTs on SGB

    This tweet has been liked by the official Flare account. Will we look back on this in a few years and see it as the beginning of something great?
    2 points
  12. How’s everyone doing? Taken a bit of time off for the last few weeks, time for the bulls to take control and for the hodlers to take time to reflect and enjoy the next couple of months😎 Man, I swear 3017 was less stressful but 4 years can play tricks on the mind 😂😂….
    2 points
  13. True. If I put the same money into this shitcoin dogecoin instead XRP I would already be a multi milionaire... Pretty depressing owning XRP for over 4 years already, seeing all these retards making money on pure scam coins...
    2 points
  14. It obviously differs depending on the token in question, but we're talking fractions of a cent in some cases, can be the difference between being in the median or out. There's still a lot to learn and we're doing it in live battle conditions. I keep coming back to Bifrost as the example, they've got 200m votes so not lacking VP, but they're sliding down the rankings fast. What's changed to cause that? A week ago they were a lock with Alex and Scandinodes, not the case this week.
    2 points
  15. I like this one!! Needs to be a Superbowl Ad now, or FIFA.
    2 points
  16. Time traveller busted.
    1 point
  17. This structure also continues to be in play, much to my surprise.
    1 point
  18. Btw…. that is why I prefer written explanations than video ones. A written one can easily be reread multiple times at any “speed” to understand a tricky bit. And previous points can be found easily. The bloody videos are a pain for that. Text kills video for complex ideas.
    1 point
  19. On that note, you may want to look into this:- https://www.bloktopia.com/
    1 point
  20. Thanks man. I feel you on this. One of the most frustrating parts about this case / stalled movement on XRP is that you can see the next pockets of opportunity forming (like gaming)...but you just know that you have to wait out this case now in order to make this now 4 year hodl worth it. Time being money of course. The lessons I am learning while not being able to recklessly trade / blow money I hope will be valuable for me down the road. Having this level of patience forced upon me alone will make me a better long term investor down the road...I think.
    1 point
  21. Yep and literal beacons of industry shilling this bullshit. And beyond just DOGE, it's Mark effing Cuban saying that the #2 large cap token (hundreds of millions of dollars ahead of the next in total market cap!) has the most upside. Like it's just actually stupid.
    1 point
  22. I HAVE NO IDEA WHAT YOU'RE TALKING ABOUT https://www.dogegf.com
    1 point
  23. He missed out that the SEC wants money in the form of fines. Their motivation is tainted by the way that they are funded. Allegedly, They want to get cash settlement and move to the next victim, rather than give advice, negotiate and reach agreement. That is without mentioning the historical relationships between Eth founders and SEC members.
    1 point
  24. I think this is underpinning all of it in general. Stonks are running out of steam, and they want to take control of this new market by boxing all of us out so that they can run easy money making schemes like they do with equities. They are late to the game, and they cannot effing stand it.
    1 point
  25. Yoooo DAI has these cockroaches running a little scared now. Clayton made a CNBC appearance a few weeks back to make a statement. Now Clayton admitted to "reacting" to Hinman's speech before he made it. These cats are working with their lawyers in real time as the army keeps bringing up the evidence.
    1 point
  26. Busy Day for this reporter, and now we go live to SEC HQ, where it seems the XRP ARMY is out to win this fight for good:-
    1 point
  27. Yes it's possible. USDT is already on Omni and Tron in addition to Ethereum.
    1 point
  28. tulo

    SongBird Trading is live!

    Check DOT and KSM. I think a marketcap of 1/10 of the main network (FLR) is reasonable. If you put FLR in top 20 then it's 1B$ marketcap for SGB which price it at 0.07$. But it's 100% speculation and I'm not here to speculate.
    1 point
  29. Thanks. Can I ask how much is the variance generally? (It’s just pure interest…. I don’t need to know but wonder how tight this all is) Like if the median price is a dollar, is the cutoff $1.23 or is it more like $1.00023 ? Or another way of asking is what is the percentage difference between the rewards cutoff figure and the median price? I apologise if it’s just the dorky folk who are interested in this aspect…. I know most probably won’t care about that.
    1 point
  30. I really really despise Gary…
    1 point
  31. Haha look at the firepower behind this new collaboration. Ripple may have a warchest big enough to win this case against the SEC...but I have my doubts that it can even stand on the same battlefield as this new cross border payments initiative. I am sure it is all connected though. SEC case was a hit job ordered by some of the same players behind this.
    1 point
  32. If it stays at 1%/week (which is high, coins like ADA pay 5%/year) and price can stay in the 40-50¢ range SGB can be renamed to money printer (BRRR)
    1 point
  33. https://www.paymentscardsandmobile.com/bis-successfully-trials-multi-cbdc-platform-for-international-payments/ I see an X?
    1 point
  34. https://www.cryptopolitan.com/ripple-xrp-will-redefine-online-payments/ Goldman Sachs expert Andrew Lokenauth believes that the Ripple XRP is likely to take precedent as the public coin as soon as the Ripple foundation is able to resolve its issues with the security exchange commission (SEC). Lokenauth has been dealing with cryptocurrency in his years, holding different positions at Goldman Sachs, AIG bank, and other important financial institutions. The expert expressed his opinion about Ripple’s XRP coin rather openly. “Ripple will redefine online payments, and I believe that Ripple XRP will likely IPO and go public once its SEC lawsuit is resolved.”
    1 point
  35. It's a giant financial jigsaw and unlike most jigsaws, this one is evolving and morphing in front of our very eyes. The pieces do not yet come together, whilst asteroids are hitting it, this thread is just me to some extent trying to figure out how and when we will see a discernable picture emerge, by examining some pieces and their connections.
    1 point
  36. https://coil.com/p/sorrell_hodlco/-Big-Bang-migration-into-the-ISO-20022-digital-standard-is-imminent-Is-the-US-FED-already-ahead-/I-fNIPs9l
    1 point
  37. I TOLD YOU NOVEMBER 2021 OR AT LEAST THE SLIDE ABOVE DID (FROM DEUTSCHE BANK), IT SEEMS THEY MAY HAVE PUSHED THIS TO NOVEMBER 2022, WHICH MAYBE WHY IT'S CALLED THE ISO20022 STANDARD. I believe this migration was supposed to happen in November 2021 - see link, but may have been pushed back, maybe because of the SEC action or just not being ready yet for reasons I have yet to discern. The Eurosystem has launched a project to consolidate TARGET2 and T2S, in terms of both technical and functional aspects. The objective is to meet changing market demands by replacing TARGET2 with a new real-time gross settlement (RTGS) system called T2 and optimising liquidity management across all TARGET Services. The new consolidated platform will be launched in November 2022. Source - https://www.ecb.europa.eu/paym/target/consolidation/html/index.en.html Moon potentially on hold for a little while longer, but when they switch it on, OMG, hold on to your ISO20022 compliant cryptos, they will rocket. This is financial advice and you should take it For a deeper dive see:- https://www.ecb.europa.eu/paym/target/consolidation/profuse/html/index.en.html There are MANY references to ISO20022, in the above linked documentation, keep in mind when THEY, switch it on, all of them will have to follow
    1 point
  38. Hey guys, how about a like or two, this is work.
    1 point
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