rippledigital

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rippledigital last won the day on February 9

rippledigital had the most liked content!

About rippledigital

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    1st Poster on XRPChat

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    tansu
  1. Agreed, governments add a legal/moral aspect to the otherwise entirely functional purpose of money. I concluded a while ago that many societal standards require enforcement, and that the final agent of that enforcement is government. Finality ultimately gets achieved by force or threat of it, like it or not. That's just nature. However, the upside to enforcing standards is that, well, standards are if not necessary for a certain stage of human development then certainly incredibly helpful to the point of being world changing, e.g. rail tracks, shipping containers, law itself, etc. Human beings will inevitably gather around agreed standards whether those later be considered moral or immoral through the course of history. Since we therefore must have a standard of justice, etc, then we should probably apply it to money too, as a public utility. That's my take anyway.
  2. Right. Which is precisely the reason central banks and economic policy arise, because trying to tame the wild beast of money is so incredibly mind-bendingly complex. I think the libertarians have far too simplistic view of money and monetary policy, personally, and that they like to paint governments and banks as necessarily complicit in some kind of vague evil conspiracy to exploit the masses. Maybe in some countries, but in general they are good people trying to protect the public. So I think that it is a bit naive. Yet these anarchist folks are also unwittingly acting as a very necessary check on power (which will occur in ANY system – but I would say ESPECIALLY in a libertarian/anarchist society) in a similar way that the press does (or should). Money also acts like a product – libertarians never seem to take issue with a company "creating products out of thin air" and "diluting" the scarcity, and thus value, of say, their individual bottle of wine or fidget spinner! I understand the counter arguments here, i.e. that money is fundamentally different when it acts as a unit of account; but that is precisely my point – money must also expand and scale to keep up with new people (birth/death rate) and growth cycles, endless economic challenges (theft, hoarding, cost of production, etc) and constant new demand (welfare, military, couch potatoes, whatever). Its network effect can ONLY be achieved by a nation state monopoly converted to a public utility, and not purely by market forces. Inflation and QE etc also seem to get a bad rep because people think of them like a kind of dilution of value or even outright fraud/crime. I don't see it that way. I blame Alex Jones style YouTube videos with "amateur economist" theories for that. Money (as in fiat) is a public utility, like it or not; it is secured by its nation's tax collateral and backed by economic activity, as well as its military and intelligence agencies working to protect their civilians from foreign threats. When there are libertarian attempts at "private" money systems, e.g. bitcoin, they are inevitably fraught with the same similar distribution/inequality type issues that nations struggle with! That's the great irony. Or Austrians will worship gold – without any clue as to how manipulated the gold markets are, and how much rests in so few hands, etc. Understanding is all about context, never about ideology. There are times inflation/deflation are good, and times when they're bad. Finding the sweet spot is incredibly difficult – for the most part I trust the professionals.
  3. Ha! Side note: In general, really like reading The Atlantic. Good stuff on there.
  4. You just broke my eyes
  5. The day that @heartbit_io first predicted that... well, you know the rest.
  6. Can someone please draw a few colourful triangles on a chart, just to totally 100% convince me?
  7. I can rephrase the entire article as, "Technology can lead to abuses of power" – stunning revelation! Anarchist societies would break down and produce governments anyway, so it's all two sides of the same coin. The Ring of Power cannot be destroyed, only resisted for a time.
  8. Looks like they started trading: https://bitbank.cc/trade/xrp_jpy Nice to see more markets coming online.
  9. Or maybe less harsh a punishment but just automatically merge into one megathread.
  10. I was put off Maidsafe after I found out just how many problems they've had and how old the project is (predating even bitcoin) with pretty much no results thus far. And the lead developer, the Scottish fellow, while he seems a nice enough chap, is incredibly vague and philosophical about everything and won't answer hard questions – so this raises serious red flags for me. Also, the coin itself has nothing to do with the MaidSafe network (if it ever comes online); it's a separate blockchain project! So buyer beware! I personally doubt at this point that MaidSafe will ever produce a working network with even 10% of the features they claim, and there is still no paper or even vague idea about how the coin would work within the network should they actually pull it off. Even if they DO pull off some of the tech, it's looking like 10-20 years at this rate. I'd look into: * Augur (REP) – prediction marketes * IoTA – machine economy * Lisk – web-dev-friendly Ethereum-lite
  11. What's so fascinating here is that it didn't affect the price at all, proving to me, personally, that it really was just anti-Ripple FUD to begin with, all this stuff about how Ripple might dump on the market. Clearly the market actually trusted Ripple already, since if they didn't, then we should likely have seen a price spike as trust was "restored" from the community. That said, I am glad for the lock-up regardless, since it removes yet just one more potential issue/debate from circulating the web. If you want the fine details of the lock-up, it's both in that article you linked to that Brad re-tweeted, as well as on Ripple's blog site.
  12. Thanks for the feedback – I'll definitely have to look into getting one of these.
  13. That's really interesting JK, thanks. I am pleasantly surprised at so much interest from diverse parties. Very excited to see Ripple decentralise their platform and expand and scale over the next few years.
  14. The HMS Tencentsbymonday
  15. Just ordered one to try it out. Gotta beat a cold wallet setup, right?