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thinlyspread last won the day on February 9 2017

thinlyspread had the most liked content!

About thinlyspread

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    1st Poster on XRPChat

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  1. Same as every other defi system out there probably like uniswap, sushi, bla bla. I don't buy into their tokenomics personally and 90% of defi seems completely unsustainable.
  2. Poor man's Flare. The lock-up and access to private keys sounds like a big red flag to me; massive potential to be hacked to pieces. Probably an intentional competitor backed by the CCP; they tend to just steal all IP coming out of the West and rush out a cheaper version to steal market share. F*ck that. Flare is specifically designed to use with XRP and doesn't lock any assets. I'll just wait and use Flare, since I don't see any advantage and only massive risks and downsides vs what Flare is offering. I suppose in the meantime you could earn some yield with it (I won't touch it, I'd rat
  3. Sounds like the cheap Chinese rip-off version of Flare. (China tends to steal every new idea and try to rush things out quicker, it's part of their tech war on the West.) Not ever going to use it given that we have Flare coming in June and it's superior in literally every aspect without any tradeoff (except potentially the 5% creation fee).
  4. I think that having a position in almost any hard asset like commodities for the next 5-10 years isn't the worst idea. Personally I'm not interested in silver and prefer things like energy/oil plays, uranium miners, helium explorers, even real estate – over silver – but pretty much everything in commodities is just... number go up, right now and silver mining should do just as well as gold or copper or lithium or diamonds or anything else. My natgas positions have been soaring. Actually as soon as I've exited some (not all) of my XRP position this and next year it's going to get reinveste
  5. I was a bit of a sceptic that this bull run would be as sharp and violent as the end of the 2017 one, however, if you look at the overpriced stocks sucking up more and more speculative money for what are really tentative businesses, you realise that with the enormous quantity of stimulus and FED/CB money sloshing about since the COVID recovery took off globally, that if anything we now have an unprecedented oversupply of liquidity pouring into a highly volatile (and still reasonably small, relatively speaking) crypto market. Rick Rule says it's like forcing a river (of capital) through a
  6. Explain for lay persons please, Master @yxxyun!
  7. I guess you'd be ok with XRPgateway if it's available and you'd want to keep something similar and swap it.
  8. Agree. This is great news, but it does concern me that it's such a huge proportion of the XRP ecosystem in a few hands. I was hoping for news on the now-mythical "market making incentive" mechanism that was supposed to be an open (to all users/markets), fair, ungameable, XRPL-based distributed solution to XRP distribution while adding liquidity. Years later... still nothing. Maybe they wanted to keep it proprietary and private for now. Or maybe there are bugs to iron, or even missing pieces like Flare/stablecoins were required.
  9. Yeah, that's their unique "flywheel" mechanism, which XRP lacks. It's sort of designed as a win-win for everyone but we're given the golden tickets.
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