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Everything posted by enrique11

  1. I didn't know Dennis Quaid was into cryptos...lol, cryptos have come a lonng way since the early days of BTC.
  2. They somehow think crypto pose a threat to the legacy financial world...the US is in for a very rude awakening because of our ignorant politicians and their focus on keeping the US dollar in the lead through legacy means.
  3. When it comes to crytos, I put on a tin-foil hat too sometimes. What did we get out of the SEC after all these years?! That bitcoin isn't a security. What a waste of our time.
  4. I think it went to federal court -guessing - because the company deals with clients nationally, internationally, beyond the judicial jurisdiction of local or even state-wide legal authorities. That or a potential security was involved, which probably goes to federal court. I don't know. What I do know is that this too important an issue for the future of cryptographic technology in the US for a small-claims court to settle because of they monetary, legal ramifications for everyone involved, except Coffey who stands to lose the least. Maybe it's a strategic move. Get this issue out of
  5. Oh shiaatttt is right, as in MicroShiaatttt! Microsoft is the King of closed-source BS. A lot of these banks will have to learn the hard way, and rightly so - they deserve to get milked by Microsoft. The old financial system with its free-money printing press is going the way of the dinosaur as is the King of closed-source (patent pending) bullsh*t software, MicroShiaatttt. It's bad enough Microsoft has gotten away with making crap software for so many years, but now they are going to combine their closed source software with the movement of large sums of money!? That's as smart an
  6. That's a quote from Elaine Shi, with whom I agree as it pertains to global distributed systems like cryptos. You don't want to make software coding too complex and lengthy when designing these system, or make the systems too complex to where they can't do their job properly, like Bitcoin, that does transactions too slowly to be of use for quick, everyday purchases, so it required additional complexity in the form of "Lightning Network" in order to work as intended.
  7. CBDC's are for governments to have control over and issue, to regulate their supply and demand and thus affect their value, to allow the government some control over the economic state of their country, to use internally among their various federal agencies to allow those agencies to make payments among themselves and to others either domestically or internationally. Governments can't do that using XRP. They don't have control over supply and demand of XRP, and besides, it's a third-party solution not built for, maintained by, and controlled by the government, so those are other reason for t
  8. The make a lot of reasonable valid points in the article. I still think XRP has only one use case - as a bridging currency for currency swaps (fiat or otherwise). This single use case can manifest itself in various forms. They should focus on new use cases that legacy systems can't touch, and start off with a niche market while continuing to onboard banks with their Ripple products, so when the crypto sh*t hits the fan, the banks won't be caught off guard and they will be able to keep up with the new cryptographic financial system.
  9. Cryptos succeeding in the public sector will get the FIs off their @sses verrrry quickly. So, the sooner this space succeeds, the better XRP, XLM looks to FIs to survive this basic transition from legacy financial world to new crytpo financial world They will still be old tech because of all the physical infrastructure that comes with traditional FIs - so much overhead for maintenance of legacy infrastructure. Those legacy FIs that don't see the spelling on the wall will have wished they looked into cryptos sooner. I'm sure a number of them will die off for lacking the foresight to see the
  10. The thing is 3 years is not enough to build a first-rate crypto product. Cardano which IMO is the best crypto project in existence, not financial advice lol, has taken 5 years to reach decentralization because of the lengthy process of writing mathematical papers for submission to various highly respected crypto organizations for peer review in the field of cryptography, having accepted (which is a very good sign of a high quality project), and then either having them accepted or return for admendments and resubmission - it can be a lengthy process, so 3 years will limit crypto products to th
  11. Good News related to SEC about cryptos in general: https://cointelegraph.com/news/crypto-mom-sec-commissioner-hester-pierce-voted-in-until-2025 Didn't have time to read the article, but here's the first except that caught my attention: I wonder what other good proposals she's brought to the table. It definitely seems like she's on our side. Yay! It's about f'ing time we have someone there that understands the importance of this space and how to proceed without wrecking value building.
  12. No, it's cool man. No worries. I didn't take it in a bad way. I didn't mean anything too by saying "let me think about your post tomorrow". It's actually quite late here and I spent time trying to make sense of your post wondering why you got so many likes, but I couldn't understand what you were saying. I need a nap. Maybe I'll understand things better in the morning.
  13. I guess you were clear, but I was thinking along a different line of reasoning, so that's probably why I couldn't make sense of it - it didn't reconcile with my reasoning of why Ripple purchased XRP at a premium on the open market. Let me think about your new post tomorrow.... it's late over here ;P lol...I stayed up late just to respond to your post 'cause I was confused. Thanks for the reply.
  14. Why buy XRP on the open market at such a high premium when Ripple can simply remove XRP from their own monthly stash that's always readily available and at a value that's far below open market value - it's actually free? Did they prohibit themselves from using their own escrowed XRP, forcing themselves to buy it at a premium on the open market? - that doesn't make any sense to me, particularly when Ripple owns over half the supply - I don't understand what you mean specifically by "operational reasons", Ripple's operations or their customers'? I don't understand your argument because I
  15. Kiwi, you're finally "talking" after all this time...that caught me off guard. Didn't know you had a "voice"; I was so used to your "confusion emoticons". ;P
  16. lol....I think most of us, particularly the 'old timers' in this space are nuts. We got into cryptos very early when others would laugh in our faces; e.g., our friends, and to a lesser extent our family. We definitely took a similar leap of faith when we got into cryptos so early. At least I can say that for myself. I knew the technology was valuable when I first got into it, but had no clue at the time as to how that value would manifest itself over the long term. It was pure speculation back then...I feel less speculative about it these days, but still a significant doubt about value
  17. There is adoption, but XRP's use case is susceptible to global pandemics, particularly the remittance aspect of the use case. That's true. I see it on youtube, but XRP is not the only crypto getting this treatment, many others as well (altcoins) are being hyped because people feel BTC's back in the start of its next bull cycle. I don't think it will be as bad this time because there are a lot more cryptos to choose from now. The global crypto market cap right now is 358B USD. At its peak in 2017 it was 830B USD, the bull run has just started and we've already reached 43% the level of the
  18. We'll see. True dat. There aren't too many of those these days, like the 589 club members on this forum - they're in short supply. No, my point was that countries whose economies are good, particularly those with leading economies would not willingly give up financial control to a 3rd-party crypto. Yes, it could be a reserve currency for some countries, but not most...most countries as a collective would not give up their financial power to a 3rd-arty crypto which they can't manipulate as easily, if it ever came to that. I think it will wind up as a corporate reserve currency t
  19. It could be that the Exodus wallet has its own scheme of obfuscating the private key used to sign transactions, similar to how Bitcoin wallet Electrum, obfuscates the private key by using a multi-word phrase for the wallet as the seed. The electrum wallet, I don't know what version, has an option to expose your private key if you want to see it supposedly. I'm not familiar with Exodus wallet - I have the wallet but never bothered to install it. Check it out if there is option on that wallet to view the private key associated with the public key. Be careful though...it's a good practi
  20. XRP could eventually become the world's first digital reserve currency for some countries in which you have runaway hyperinflation, but I doubt the leading countries economically are ready to put their trust in cryptos, something over which they have no control, unlike fiat, to manipulate for whatever reasons unless they made a collective effort. XRP is deflationary, so countries would want to hold onto it like gold, but I think it would be a long time before countries are ready to put their trust in public crypto, something that's harder for them to control. I'm guessing any country would wan
  21. So OTC sales might hopefully include some institutional wholesale purchases that we were hoping Ripple would provide for in order to compete with SWIFT's larger wholesale markets? And programmatic sales, does that just mean smaller non-OTC sales to SMEs, for example? Hmm, Ripple purchasing XRP on the open market when they already own tons, seems like a way to counteract the leakage in XRP value from Jed's and other partners' XRP sales. If that's the case, it's very reassuring because it shows Ripple still really cares about the XRP use case.
  22. lol...it is, thanks to "BTC breaking prices not seen in a long time" and "XRP lawsuit has been thrown out rumor", but how much of it is due to those two factors vs non-speculative factor(s) dealing with actual XRP utility?
  23. I tend to agree with your assessment of 'planned distribution by sales' to a significant degree because of market performance during that period, that it was a significant overly optimistic and spur-of-the-moment plan based on Ripple's overly optimistic projection a la Hodor because the day this article came out by Ripple, XRP's price had increased over 3400% over the last 18 days - it was XRP's first largest bull run in its history up to that point in time when the article was posted by Ripple. I think the skyrocketing price was the primary impetus for Ripple's plan to put their XRP in escrow
  24. Yes, just an opinion. Staking rewards will go live in a few days, and if successful, it will make Cardano one of the most decentralized cryptos around. Technically, the new decentralized protocol called Shelley has been live for a few days now, but no stake rewards on the mainnet are being generated yet..that will go live in a few more days.
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