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Showing content with the highest reputation on 10/31/2021 in all areas

  1. The sec got an extension and that’s really about it. They got hit HARD the next day by the interrogatories and the documents have been handed over for in camera review. They fought tooth and nail to keep them out of ripples hands…to be honest the judges hands too. Pretty much refused to hand them over twice. The extension was an absolute kick in the guts but a lot has gone Ripples way. My personal opinion is this is the closest to settlement we are going to get. It’s right now, It’s these documents and the interrogatories. These two components of the lawsuit I believe are the key to settlement. The SEC is fully backed into a corner. Bar some absolute legal fuckery I think we are very close. I know a lot of people are going to think this is a hype post or just shit on it because it’s personal opinion ;). But they DO NOT want those documents getting out. The implication of The email chain telling people to use Hinmans speech as guidance will completely fck them. Not just against Ripple, but everything and everyone else.
    16 points
  2. I absolutely agree with the logic behind your reasoning, but I have learnt that I will be disappointed if I try to rationalise and predict the timing of a settlement happening. My gut feelings are also being aroused by the amount of good news stories being published by Ripple, including perhaps the most optimistic and verbose Quarterly report ever. This may be do with the approach of Swell, but it seems to me that Ripple are quietly raising expectations in the markets for a big rise in XRP usage. Ripple seem to be optimistic and priming the markets for accelerated moves forward in their business plans. Let me give you the other pessimistic gut feeling I have. The demands Ripple are making in exchange for a settlement will be very high price for Gensler to swallow. We have recently had clear indicators that Gensler is a fraud who does not really care or understand about crypto innovation and he is not interested in the wellbeing of investors, he is only interested in delivering on an agenda that he got in return for being given the job. He is on a career ladder to becoming Treasury Secretary for the Biden Admin, and he will obstinately crash the ship rather than give up on his career prospects. We have heard many months ago he is not rational, and he arrogantly interferes with agreements SEC lawyers have made and signed off in good faith in negotiations. He is a really poor manager (maybe a sociopath) and he behaves selfishly and stupidly. Just because SEC are beached in this case does not mean Gensler will move into a damage limitation mode. But on the good side Gensler is in the cross hairs of the media, and he could crack. When it comes to strategy and morality he comes across to me as an erratic. With such an irrational and unempathetic captain on the SEC ship this case can go in any direction, so do not let your optimism get too ahead of itself because the settlement could still be months away.
    9 points
  3. There are a few predictable effects we know occur when the markets at a corridor's endpoints are executing high trade volume. Such as... A deeper depth of market builds up in the order books The off-book balances of market makers tie up more tokens (iceberg committed and bot reserves) Price elasticity firms up, decreasing volatility As average capital transfer volume grows, more market makers are attracted by the arbitrage opportunities. With the demand for more staged tokens growing, it creates an upward price pressure on the offered supply. This has a ripple effect on the general market, due to the bots' performing their global arbitrage re-balancing services. All of these networks effects multiply as more corridors come online. The minds behind this architecture are geniuses. They are my heroes. Someday, looking back, it will all be so frelling obvious
    8 points
  4. Bitcoin is still hanging around $60-61k. A close above $61,500 breaks the down trend line. The XRP chart usually tells me nothing, but now it is telling me that XRP is getting ready to make gains. If you don't have a position and are looking to get into XRP, any price below 1.05 looks good to me, . If you're comfortable with your position but are maybe considering more, you might want to put in an order at .98, you might get lucky and be able to pick some up but I'm not confident the price will drop below $1 again. Looks like the window to pick up cheap XRP is closing, Finally. My XRP bags have been full for a while now. Just waiting.
    6 points
  5. I thought I'd start a thread dedicated to strategies and results of Songbird staking. I've been collecting detailed data of my delegations and staking returns -- mostly for accounting/taxes -- but thought I'd share some general information and results. I'd be happy to hear about others' results and experiences. I received SGB in several accounts and have been wrapping and delegating all of it except for a couple SGB in each account to cover transaction fees. After seeing the first FTSO provider returns data in Epoch 1, I've been distributing my delegations to a selection of the top 5-10 FTSOs. While I've paid attention to the weekly movements and most of my accounts delegate to the top few FTSOs, I'm also paying attention to the overall stats to choose those FTSOs with high returns but relatively low weekly volatility (i.e., those providers that have been staying in the top 10 or so from epoch to epoch). So far, I've changed one or two FTSO delegations per week -- but for Epoch 6 I made no changes, as all of my previous delegations landed in the top 7 or 8 both overall and for the previous week. I've been claiming shortly after the end of each Epoch. Of my total claims, I've been restaking approx. 20%, letting my total delegated tokens appreciate by a few tenths of a percent each week. The rest I'm selling shortly after claiming, sending around 35% to savings for paying taxes and around 45% to cash for expenses and reinvestment in other things. While there has been a post-claim price dip each week, and perhaps holding for a few days would have been the best move to maximize fiat returns, I've been setting a limit order a few percent above the current market rate and have had orders filled within minutes or hours at prices I'm happy with. I think I'll basically stick to this 20-35-45 formula for Songbird and Flare, perhaps adjusting the restaking and cash profits percentages depending on the going fiat rates. So far, it's a great return for little work. I'm sure the very high yields of the first few Epochs will decay and I speculate I'll see somewhere between a percent and half percent SGB weekly yields within another month or two, and perhaps sub-half percent in the longer term. Who knows what'll happen between more SGB releases from exchanges, more FTSOs coming on board, and staking/lock-ups for Flare Finance and other projects we may see in the future -- We may see yields really plummet or remain relatively high. Whatever happens, I suspect we'll see a similar pattern with Flare, though a better/quicker Flare token release from exchanges and the monthly disbursements could skew the current and near future Songbird pattern when Flare launches. Finally, a graph of my returns, with relative amounts for fiat and total delegated SGB: In summary, my weekly yield has decreased from around 2% to around 1.3-1.4% in recent weeks, my claim values in fiat have decreased to around 75-80% of the first weeks' totals, and my total SGB delegated has grown by just over 1% of the initial amount with my 20% restaking strategy.
    5 points
  6. There’s a 3 minute window where they submit their price data. Towards the very end of that window is where there will be less opportunity for volatility to spoil your submitted data. Alex Dupre and Scandi were aware of this from the start and I’m assuming that Alex’s prep work had himself fully optimised from the off without much tweaking necessary.
    5 points
  7. A few months ago Mongolia joining ODL would have been be a mega story, but it is drowned out by even bigger stories The news stories that are accumulating around XRP ecosystem just go on coming in. SEC case is obviously a hold back to XRP price, but maybe this brake is giving us more time for late comers to accumulate late into the cycle?
    4 points
  8. I have no crystal ball and it’s not my personal opinion but I’m expecting a settlement that will state XRP is not a security inherently but was marketed as a security. Both parties win. XRP is the first digital asset with regulatory clarity and the SEC continues to be able to subpoena other digital assets.
    4 points
  9. There will be no settlement unless the SEC categorically and explicitly state in black and white text that XRP is not a security.
    4 points
  10. If Gensler had cared about the SEC, the future of innovation in the US, protecting the investors, he would have moved very fast to defuse the Ripple case. Instead he let the allegations of corruption spiral out of control, and did not even Bother to read H. Pierce's careful analysis and recommendations for the future of crypto regulation. He is one of the bad guys who conspired with Clayton and Hinman to give ETH and their bunch of loonies a free pass.
    4 points
  11. I wouldn't touch Solo, however tempting it looks! The exchange is basically a scam, which has been mentioned before. Try to sell Solo. Was really difficult some months ago. The related exchange Coinfield looks like mainly doing wash trading. I tried to unload some Solo, boy was that difficult! You get easily locked out for some time if you delete an order. What started as a promising project looks like a scam today. Careful with their promises, might be a last exit scam attempt before everything crashes there. But this airdrop might change things a bit and they get their act together.
    4 points
  12. https://whatsrealaboutcrypto.com/
    4 points
  13. Yuge - ODL is being adopted on scale!
    3 points
  14. Bingo. At this point, if I were Ripple's atty, I'd go for the throat and nothing less. There has been so much garbage thrown in Ripple's face over the years, that they should settle for nothing less than XRP being the only crypto with actual legal clarity in the US. It's the best crypto for American global monetary dominance. If the SEC picked this fight to intentionally lose, then they will have done good by the US citizenship. Otherwise I think they are exhibiting incredible malfeasance.
    3 points
  15. One small adjustment: that xrp is not a security GOING FORWARD. Brad stated this in a recent Fox News interview. Guarantee ripple throws the sec a few bones and admits some wrongdoing in the past, maybe even admitting it was a security at one point, and ends up with a big fine. edit: see 9:40 of the video. those 2 words, “going forward”, are 2 very important words
    3 points
  16. Yep I think that’s a really fair take. But man, they fought so god damm hard to keep those documents away from everyone. I personally think they are so damaging to the case that they are bigger than Gary. I think under anyone else this would have been settled but I agree, you cannot get your hopes up. But it feels like the time is now. Feelings don’t mean anything, I understand that but fck, they almost can’t dig their grave any deeper.
    3 points
  17. First it is positive that week on week we have new providers, clearly at this point the economics of the FTSO system are working as intended. The question I’m sure every provider is asking themselves is how is Alex’s FTSO provider always at the top of the list? Others have moved up and down, even scandinodes had a worse start to this epoch, but never A-FTSO… What are the theories? What are they doing different to the others? Not expecting the “right” answer I’m just curious what people think.
    3 points
  18. Seoulite

    FLR price thread

    The bottom was 58 cents so the sixty support seems to have held nicely. We need to be cautious because at the moment we are just moving back up within the previous range. This long down trend could still continue on, because we’ve seen multiple spikes up during these months that eventually just peter out. But it’s encouraging. I bought a bit more around 0.6 xrp, but I get the feeling that xrp is going to start moving soon so that’s all the converting I’m doing for now.
    3 points
  19. Binance kicked people from Ontario off this summer. Nexo is kicking New Yorkers off in a month. I understand that there's no way their lawyers will allow them to pay the airdrops to these people. So what happens to all that FLR? Flare was very big on making sure every last FLR goes to the exchange users. Did they have a contingency plan for this situation? Or do exchanges just get to keep it for themselves. It will only affect more people as time goes on over the course if the 3-year airdrop. I'm not a "not your keys, not your crypto" maximalist, but this airdrop has been a painful lesson in not your keys, not your crypto. Whether we're talking about an exchange or a smart contract, only give them your funds if they're giving you an opportunity to earn income that you wouldn't have if the funds were sitting in your own wallet. In this case, people have largely gotten nothing but trouble for using exchanges for the airdrop. There's been no advantage over using your own wallet, only more risk. I fully admit this is all hindsight, I don't think anyone saw this much trouble coming.
    2 points
  20. The scenario I have planned is for February. The market would have collapsed but XRP is still to trade around the 1.2 to 1.5 range. During this period, many experienced traders should have returned to FIAT waiting on the side lines specifically for XRP. Novice traders are going to be looking into something to make their money back. The only crypto to show a path way back to the green and "moonshot" is XRP. What I have in mind might sound crazy but crazy is what to expect. In this frenzy period I expect XRP to go up 750% to 1000%. This should be in line with the 7USD to 12USD price targets. I don't believe the price to falter as Ripple would maintain and stabilise the XRP price as it's a prerequisite to enable the massive transactional market that they've been longing for.
    2 points
  21. Leonidas is always worth watching - no rambling - just straight analysis of the Q3 report by and expert
    2 points
  22. @thinlyspread Yes I have. Haven't had any problems. In fact I find the Sologenic portal to the XRPL DEX to be the best one for trading. I recommend it if you haven't tried it yet. I honestly prefer their iOS wallet to XUMM in many, many ways .. eg XRPL DEX trading build-in. @Malloy I've found Sologenic to be XRP-centric from day one. So, suspicion of them for engaging the XRP community for that reason isn't warranted. I mean, they are part of our community, not tangential leeches. Generally speaking, Canadian policies are de facto dictated by Washington D.C. Sologenic is just another member of the tech diaspora created by Washington's incompetence. If Sologenic were a 'scam' as you allude to, then they are REALLY bad at scamming. How many years have they been running their platform and developing their website, phone app, white paper, blog, mission statement, policies, blah, blah, blah ... Maybe 3 now? ... (I truly don't know, but it's been at least 2 1/2 years since I first saw their name) Drill into Sologenic.com (Securities tokenization) and Sologenic.org (XRPL DEX access, integration, etc.) for yourself. It ain't what it was when I first found them. This is a LOT of work just to 'scam' people ... Perhaps a re-visit is in order. To be clear, I don't know anyone at Sologenic and never have. But I do find their work with/on the XRPL to be the most impressive of any organization, second only to Ripple .. OK, maybe that's overstated. I certainly put these guys in that pantheon of great contributors tho.
    2 points
  23. Let's not forget 2 trivial points: 1) Ripple Labs is also under order to produce all "intercompany communications" Typically an American judge will at least pretend to review evidence from both sides before ruling. 2) This case is not about corruption at the SEC. It's about the actions of Ripple Labs. Even if the SEC emails show criminal activity at the SEC, the only option for the judge is to refer it to the current administration who will certainly investigate and prosecute; right? One crime does not forgive another. (2 wrongs do not make a right)
    2 points
  24. Tranglo Launches Mongolian Cross-Border Payment Corridor https://www.crowdfundinsider.com/2021/10/182314-tranglo-launches-mongolian-cross-border-payment-corridor/
    2 points
  25. I think this has the potential to blow the id off everything. Deaton has submitted FOIR too, and Deaton is very good at simplifying and then packaging information - I wonder if this is in many ways more threatening to Gensler's SEC that the Ripple case?
    2 points
  26. Interesting thoughts @musclehog and @Julian_Williams I also wonder what Empower Oversight has found so far. https://empowr.us/empower-oversight-seeks-information-on-conflicts-of-interest-in-cryptocurrency-at-sec/
    2 points
  27. BLOK is doing nicely for me at the moment, as always, wish I got a bigger bag earlier... So, that Alex Becker bloke off Twitter / Youtube. he's convinced that IGO (initial game offerings) is what everyone should get into now, as it'll blow up next year. I'm inclined to believe him tbh as well. So, does anyone know of any IGO sites? Seedify I saw him mention, but you need at least 1000 $SEED tokens (at current price of $8.61 each, thus $8600 tied up) for their ecosystem before you can then invest in any of the IGO's they are hosting.
    2 points
  28. Imagine being the judge and reading the email chain telling parties to use hinmans speech. Brad and co also seem ultra chirpy lately. Could be reading into too much, but everything seems to be lining up.
    2 points
  29. I respectfully disagree with @panmores I'm quite impressed with Sologenic's growth and development. I find their software and commitment impressive. I am pretty taken by the development of their entire ecosystem this last year or two. It's come a long way and shows no sign of slowing down. Furthermore, actually moving operations to another country for more favorable regulatory climate takes faith in your tech, recognition of regulatory limitations, and desire to move the ball forward ... a path that Ripple itself would have chosen if it weren't so endowed with resources. Among other reasons their tokenization of stock is needed/wanted is for 24/7 trading. Their platform is also poised to facilitate cross-value trading, melding blockchain with traditional securities .. and is a big step toward the 'internet of value' that we've all been looking toward. Upon approval they will offer stablestock (Did I just coin that term?) at a 1:1 backing with real world assets. That's pretty cool. I wish them well, and have no problem scooping up a chunk of SOLO ...
    2 points
  30. Seoulite

    FLR price thread

    changed the name of the thread so we can have dedicated FLR and SGB price threads running
    2 points
  31. Umm. This sounds like it could end up being a Big Deal
    2 points
  32. Seoulite

    Songbird Price Thread

    Let’s go sixty five cents! We are now entering the new territory, if we can sustain this in this area about 65 then chances are we make a new ATH
    1 point
  33. I’m with @BillyOckhamand compounding all rewards, it’s got me a 5.2% bigger stash than what I started with.
    1 point
  34. What an excellent post! Very informative and interesting. Thank you. I’m taking a different strategy of wrapping all rewards asap to get the compounding effect. Especially in these early higher yield days I think it’s the way to maximise gains and therefore my best bet. To take profit now in my case would only make sense if I thought the price was going to fold. If you have the time and inclination can you elaborate a bit on why you are doing differently? Do you feel the price is a bubble or is it for some other reason? Obviously everyone’s circumstances are different, but I did think this was a clear strategy so to see you doing it differently makes me wonder if I’m missing something. ( I often do…. )
    1 point
  35. I've always thought this niche has greater potential for crypto than even the remittance business, and a natural next target for migration to using crypto (and converting to a 24/7/365 live global market). We are SO early
    1 point
  36. huge news! The ball is rolling. ODL is the key to success.......price action imminemt!
    1 point
  37. BillyOckham

    Floki Inu

    Yeah and people say that like it’s a bad thing. It’s neither good nor bad unless you have insider knowledge or you are doing an exit scam. Otherwise it’s you hopping off the bus and giving your seat to someone else. Sometimes that turns out to be a smart move and sometimes not. You have no way of knowing unless you are a genius trader (and even they get it wrong a lot of the time).
    1 point
  38. Here is the report. There you can read how many millions it is about. https://ripple.com/insights/q3-2021-xrp-markets-report/
    1 point
  39. John Deaton knows how to simplify an argument for easy understanding
    1 point
  40. A big pull down of Andreessen Horowitz - one of the players in this corruption Big Hires, Big Money and a D.C. Blitz: A Bold Plan to Dominate Crypto “In the name of democratizing finance, what I am seeing is a game of three-card monte where they are moving balls around hoping people don’t understand the game is rigged,” Mr. Awrey said. “But what they are calling for here is the wholesale exemption from some of the most important investor protection laws in the United States.”
    1 point
  41. https://interestingengineering.com/a-new-zero-carbon-superyacht-comes-with-its-own-solar-power-garden
    1 point
  42. ALL PACKED INTO YOUR NEW $75 MILLION DOLLAR PRIVATE JET!
    1 point
  43. Damn.... Rick coulda had one for a million...
    1 point
  44. Someone just paid $2 million for a sealed copy of Super Mario Bros. https://www.techspot.com/news/90703-someone-paid-2-million-sealed-copy-super-mario.html
    1 point
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