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  1. Ethereum is a general smart-contracts platform - the "ripple" network and crypto are for fast payments that can't be gamed by miners or anyone else, and Ethereum has a long way to go before legal jurisdictions around the world catch up with giving a wide range of smart contracts the same legal rights as conventional contracts. Sure, Ethereum has many more developers contributing to its source code than Ripple, but Ripple it targeting a very specific industry and they don't have to worry about legal jurisdictions catching up with the smart-contracts industry for now - Ripple is about sending payments, not creating smart-contracts, and Ethereum is not, so creating a robust smart contracts platform is a harder goal that sending payments in a compliant fashion IMO, and I don't think the crypto purists like Vitalik, ETH and BTC hodlers would appreciate some aspect of ETH going the way of Ripple, so I think Ripple is way ahead of Ethereum in this respect as well as being much faster at settling txs. Also, Ripple is proprietary and the "ripple" ledger is not and neither is Ethereum, so I think Ripple is one of the smartest crypto companies out there because they're combining the best of both worlds, proprietary software for their customer's ease of use, feature rich, and compliant with open software for a trusted ledger for all to use, and targeting a very specific use case that severely needs upgrading, so I see Ripple as likely to succeed sooner than later than most other cryptos.
  2. That sux. It's bad enough to have the C-19 virus, but when you need to cash out some XRP for an emergency situation like C-19 because you're stuck at home not working, and an organization of bottom-of-the-barrel scum of humanity dedicated to making the world a significantly sh*ttier place than it already is decide to steal your XRP worth 2.5 million USD when you haven't even touched your zerps in two years, and were counting on a some of them for a rainy day, and your family loses the entire lot, that's a really, really bad break.
  3. Well, with Covid 19, things will be slowing down for the foreseeable future. I'm not saying this is why they missed the target, but it is a likely reason in the future why many companies will miss their targets. Two bad things about Covid 19 is 20% carrying the virus and capable of transmitting it present with no symptoms at all, and those who have recovered from Covid 19 infection can get reinfected, so there is no immunity build up occurring among these individuals, but I don't know if it's a small fraction of infected that can get reinfected or the vast majority of them. Great thing about open-source cryptos is that developers can work on them from home - so they won't be as affected as other industries. The problem with Ripple and the companies involved in this hub you mentioned is that it won't be as easy for them to do business as usual, so it looks like in this instance, public open-source cryptos and decentralized autonomous organizations (like Cardano, Decred, etc.) have a clear advantage over traditional brick-and-mortar organizations/companies when it comes to continuing work in an environment of Covid 19 infections.
  4. I think the Trump administration is at best minimally supportive of cryptos and other techs that interfere with the Trump administration's view of what "make America great again" means. I see Trump like Henry Ford in that respect with the major exception that Henry Ford had a vision for the future that involved innovation although Ford came to regret it later. After Ford's innovative mass-producing the automobile, a great technological accomplishment that transformed America and the landscape forever for the better in certain respects, but it was a questionable transformation in other respects, Ford longed for an America from the past that no longer existed, and could not be brought back from the dead, like trying to revert to landlines after cell phone tech had been adopted by the masses. Trump and his administration generally do not value the risk-taking and innovative spirit that made America great in the first place, IMO. Rather than take a risk on a new technology for the better or worse, adapt to and out-compete other countries in these new technologies that could possibly usher in a new global future economy in the case of blockchain tech based on the global movement and exchange of cryptographic digital representations of all sorts of possible value, both traditional and new ones that never existed before, with the US as one of the leaders of this technological movement, he instead is playing it safe by trying to protect the dollar with very cumbersome regulatory restrictions on cryptos in America, and trying to prohibit countries like Iran from using this tech, as well as trying to bring back an America from the past that no longer exists, with the US as a nation playing its traditional leading role with its national currency and influence, and that's a past we cannot go back to or maintain indefinitely, or if we try to revive that past glory without adapting to the new challenges of a world that is evolving into a global community, it will be at our own expense, as the rest of the world will pass us by technologically in this areas and others, and we'll just be playing catch-up. I'm not against Trump. I voted for him, but his vision with respect to certain new techs like crypto IMO does not promote less government, entrepreneurial risk-taking, and innovative spirit that made our country great in the first place. Anyway, I appreciate your detailed reply. It's interesting to get a different point of view, although in the case of your post, we agreed on most things you wrote, except for if I recall correctly the extent to which China (government) has control over its own citizens.
  5. It's the degree of f&ckery lol...China vs Japan, who would you trust more or who would you trust less? Every country sucks to an extent - perfection or 100.000% "good", "bad", and other abstractions like Michael Myers exist on paper only - it's very, very, very difficult to achieve perfection in reality. The reality of governments is degrees of bureaucracy, corruption, and self-interests influenced by votes, money, half-empty promises, "acting", persuasive abilities of politicians, etc. They're not all to blame, the politicians. It takes two to tango so to speak, so the ignorant and the "use my heart or my lopsided ideology instead of my brain" etc. type people that vote play a large role in this too. I don't know about Garlinghouse saying it would begin in Asia, but I always thought it would begin in Asia too. As I've said in the past numerous times, I believe the most sensible traditional rail in Asia for Ripple to develop XRP adoption and incentivize use of is the KRW-JPY path because Ripple has offices in both countries, has made deals in both countries with their respective banks to use Ripplenet, it's a well established path traditionally among Asian trading partners of which Japan is the largest financial contributor within that particular trading block. Japan might set precedent and direction with its trading partners with its use of XRP because of its dominant role among its smaller trading partners, just like the US is able to influence other smaller trading partners because of its dominant status. Japan is pro XRP or at the very least not anti-XRP, same might be said of S. Korea, although I don't know much about it's government's stance toward its banks using cryptos, and the natural remittance flow is from Japan to Korea, so this KRW-JPY corridor seem like the path of least resistance for Ripple (the company) to help develop and incentivize use of in Asia if they do indeed have such a vision for XRP. No, I have no insights about these things. I'm just trying to figure out a small piece of the Ripple puzzle based on my own personal knowledge about it, which is limited. The ones that would tend to have insights about these things would be the 'insiders' or those involved with making such decisions or having knowledge about those making such decisions about XRP usage, perhaps certain people working for Ripple, some government employees in S. Korea, Japan, and some banking executives in those countries, etc. Even then, great intentions and plans for XRP's adoption and use do not equate to a successful outcome. Just like there is no guarantee BTC will remain at the top or Chin'a national CDBC implementation will be accepted by the general Chinese population. They younger generations want more freedoms (non-SJW types ;P) We are becoming a global community of regular non-politician folk preferring standards that give us freedom of choice, not further governmental restrictions. XRP helps banks and remittances, and supports the existing financial system and infrastructure, so I don't see why most governments would be against it - that's one of the reasons I invested in it. CBDCs are digital and cryptographic? (can you trust governments to make cryptographic closed-source cryptos that they don't have some backdoor to?) versions of fiat, and a Chinese CDBC will only help the Chinese government track their people financially more closely than ever before. I don't think it will succeed - yes, Chinese people will use it, but many of them will find ways to invest in less restrictive assets behind China's back.
  6. I wouldn't generally trust CBDCs and all the conditions and manipulations that are sure to come along with using them, particularly if that CBDC is coming from a country like China. China has f&cked up so many times, who the hell is going to trust them with implementing a national crypto? Many Chinese will do their own thing on the side, like they've done in the past with the internet and exporting money from China in invest abroad, like in real estate in Vancouver BC, for example. The Chinese government doesn't allow private ownership of the land the Chinese build their homes on.
  7. Check out youtube's crypto Eri. She's a Westerner living in Japan, speaks the language, and is a huge XRP fan: https://www.youtube.com/user/erichanintokyo/videos
  8. The value of crypto depends on many factors, some of which are negative: the duration, infection rate, and lethality of this pandemic (i.e., healthcare costs), the health of the global economy, loss of jobs and mobility due to restrictions imposed on many individuals by their respective governments, forthcoming legislative restrictions on cryptos by politicians and regulators and anti-crypto financial industry influencers like lobbyists, the fact that since crypto is the world's first truly global asset, in theory major global events like this pandemic should have a strong if not the greatest correlation to cryptos' values, and so diversification into industries that thrive during such global events (healthcare, healthcare products, etc.) might be a more sensible choice during this period than sticking only to cryptos; and some positive factors: the software aspect of cryptos keeps improving with time which should make cryptos more appealing and accessible to the masses (otherwise crypto is likely doomed to remain a small niche market, like linux desktop users) over time as well as make paying taxes easier, there are more cryptos now than ever before which is notable during this time of global stress and the decline of cryptos' values since 2018 with such negative actions and attitudes from major countries like the US and China who have a lot of influence over cryptos' values, so it looks like cryptos refuse to die, regardless of what negative steps governments take, and what negative global events occur. The fact that there are more cryptos now than ever is both good and bad - it means more competition, the average crypto has less volume, marketcap, liquidity now than at the same global market cap in the past. I think the biggest obstacle to cryptos' general adoption is the learning curve. IMO, if developers don't make cryptos user-friendly enough, cryptos will never take off beyond being a niche asset. Maybe that's why XRP has potential. I'm sure the proprietary software products FIs have access to make use of XRP is much more user friendly and compliant than the open source products many public crypto users use.
  9. Money talks in the legal system, and Ripple has a lot of money and some political influence. They should be fine, unless US federal regulatory agencies are influenced by those in power politically and financially with a stronger ability to affect the system than Ripple for an agenda that is incongruous with Ripple's vision for XRP.
  10. The corona virus scare and subsequent infections will likely hurt economies at all levels, from local to global, so it stands to reason that in hard global economic times with job losses and more deaths involved, people would generally start selling off unnecessary or useless-for-survival assets in order to acquire money to spend for items for prolonged survival and self-reliance during these periods of a sustained economic downturn, and they would generally move out from costly, highly regulated, bureaucratic areas like big cities to pockets of much less densely populated and smaller communites, like small farming towns, with wide spaces between people, and land for self-sufficiency, and less costly living standard, basically, less government. One of these unnecessary depreciative assets people could be forced to sell is cryptos because they are easy to liquidate for money, are still extremely volatile, and are strongly positively correlated with global economic downturns as we have seen recently; i.e., crypto and fiat values tend to move in the same direction with respect to global economic downturns, and there would be crypto-exchange runs if things got really bad before bank runs, particularly with a weak, prolonged economic downturn causing more critical crypto infrastructure like crypto-to-fiat exchanges to eventually shut down since cryptos are a fragile, budding niche with lacking federal protections and plenty of increasing federal hindrances, unlike banks. I think cryptos are the future, whether the tech is destroyed in the short term by the strongest governments, so they can hoard it for themselves, or it remains confined to hardcore enthusiasts' niche, particularly gamblers, like crypto traders, but the strongest governments are not willing to concede such economic power to their own people, so that governments have less control and say over their own people. Governments are like captains of ships - they are the last to go down with the ship, but in this ship the captain only goes down after most of the passengers have drowned.
  11. Yeah, same here....one of my earliest exposures to acquiring XRP after activating my first XRP wallet was via WCG 'mining'. After they shut down XRP 'mining', later toward the end of 2013, I think they created their own crypto, called Gridcoin: https://gridcoin.us/ and https://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=BBNGDQS832
  12. lol...that still won't keep her from debating about XRP. ;P
  13. Existing banking regulations might force validators to create very similar validator lists, or forces centralization via limited choice. A recent regulatory standard suggested for cryptos in particular requires lack of majority control of tx validators in order for the underly crypto asset to not qualify as a security. If that's the case, it sounds like institutions using cryptos that want to play on the same level as banking institutions or even just assist banking institutions must apply standards in certain cases like cross-border payments that exceed those standards of banking institutions using fiat, and these standards are contradictory (uniform banking standards clashing with the standard of having cyrpto tx validation be sufficiently decentralized), thus this mix of existing banking standards and crypto standards might be forcing Ripple and other institutions running validators to do a tightrope act to be compliant. Further regulations are forthcoming said Mnution recently, and so it might turn out in the end that tightening crypto regulation will limit the members in validator lists for financial-grade tx compliance, thus forcing a high degree of centralization on the Ripple network. It will still be decentralized in terms of validator ownership (so XRP remains a non-security), but not in terms of the qualifying members validating institutional-grade transactions in a compliant fashion.
  14. IMO, American federal regulators have damaged this industry worldwide since many other countries follow the US's lead regulatorily, and the most crypto activity was in the US before the regulators decided to step in and in an effort to stamp out criminality associated with this space, they've managed to decimate many legitimate fledgling crypto start-ups around the world as well as many others involved in this space, like us investors, and they just recently announced plans to introduce more regulations. Like Ronald Reagan once said, "Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
  15. I thought Tiff had given up on "promoting" XRP a long time ago - she has a combative "debating" style. Galgitron's posts tend to take a lot of personal, creative liberties, if you know what I mean, so I wonder how much of that spills into his arguments with others. In any case, everyone has an opinion, but generally opinions are not that important because in most cases opinions are a working hypothesis subject to change with time as more knowledge of the matter is gained, but the matter on which the opinions are based often evolve with time and thus those truths change with time as well and are not as unyielding as other truths like some axioms of mathematics or physics, for example, so opinions based on changing truths if correct are only transitorily true. IMO, if you need to get your opinion out there, just put a disclaimer to let others know it's subject to change on further investigation and time, and to not take it so seriously, since certain truths and opinions related thereto are often subject to change over time. ;P
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