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thinlyspread

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thinlyspread last won the day on February 9 2017

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  1. What I want to know is whether there was some contract by which current or ex -Ripple founders like Britto were entitled to some share of any clone/fork of the XRPL. I realize XLM(L) uses different code, but wasn't it originally base don XRPL? If so, I swear by Odin's Beard someone reputable, years ago, mentioned that there was indeed an agreement and some people did own a % of Lumens when Jed "forked" the XRPL. Can anyone recall that or fill in the blanks? Or was it just a circulating myth? Anyway, back to Stellar... I'm sure they'll magically come up with sidechains soon! But they're definitely looking at defi – very different and interesting approach though: https://medium.com/stellar-community/project-venus-defi-on-stellar-using-turing-signing-servers-61e3d1c0aedf
  2. These things are just (very) advanced multi-domain drones – for example (there are thousands)... The best commercial drones are probably better than the above. Now imagine virtually unlimited black-ops budget, zero health & saftey regulations, the best minds on the planet (or at least among allied nations; US, UK, etc), and the "f*ck you" attitude of combined military, navy, etc. These are your "UFOs" (actually now, "UAPs"!). Stealth tech that lead to the F117 NightHawk was being researched in the 1970s ("The maiden flight of the demonstrators occurred on 1 December 1977"!!!) and first YF-117A was developed through the 80s., first flying 1981! The Air Force denied the existence of the aircraft until November 1988. It was not really a public thing until the Gulf War of 1991 onwards. Assume the best drone you have ever seen, today, is 10-20 years behind what the US & allied militaries & navy have. Now remember, drones do not have the safety nightmare of testing manned aircraft. So just my opinion (but let's just say, I have *some* deeper knowledge of how things work) but without H&S issues, drone tech can be pushed much further. The iPhone would have totally freaked you out if you saw it 10 YEARS before. Right? Imagine a drone that's TWENTY PLUS years ahead of what you're used to. That's your UFOs. Not aliens!
  3. I thought Stellar/IBM et al were going the stablecoin route. Also keep one eye on https://www.veridium.io Carbon credits type assets (e.g. 'Verde' token) trading over XLM(L). IBM have the biz connects.
  4. It's a giant Rabbit Hole of suspicious activities. For example, Tether: (Generally not a big Cramer fan, but it's a good intro, worth a watch...) The idea – if this is Chinese commercial paper based on sketchy Chinese real estate companies – that this would not be done without CCP knowledge (oe even influence), is ridiculous. It's the same as Russia: nothing of significance happens without Putin's say so or knowledge of. In short... everyone's banging on about what's "backing" Tether like they're worried it's not USD, but that's NOT the point. The point is, where and whom is this money coming from, and why?! If Tether is backed TWO to one, I don't care – it still needs to be shut down if it's being used as a geopolitical or financial weapon for nefarious activity.
  5. Problem the SEC have now, is that if/when they finally bungle this case (if they haven't already!) they have essentially shot themselves in the foot going forward – Clayton's stupidity/corruption is now a huge problem for Gensler's future SEC regime. Any major case they take against large crypto projects/companies will now refer back to the Ripple case. It could get worse, there might be a new precedent set, a new "Ripple Test" to replace Howey – and if that happens, the SEC might struggle even against obviously sketchy or fraudulent cryptocurrencies & tokens. Which is bad for the consumer, as I still believe that in *theory* – if not in practice – the SEC should be there to protect retail from the sharks. But the rot has set very, very deep in the SEC and the wider US govt. I personally think there is Chinese & Russian influence written all over this.
  6. It's a good point. I thought at the time, when Stellar Foundation burnt their tokens, that it was... strange. I didn't buy that it was for tokenomics/community reasons. I would tend to agree with you, given the extremely suspicious behaviour by SEC officials, Jed, et al, that there was some back and forth, or coordination in some way. Probably given the legal and regulatory risks, maybe even threats, from the SEC, Stellar capitulated (and perhaps Jed was even providing useful information on Ripple etc) and thus burned their tokens to remove that risk.
  7. It makes me wonder whether Ripple ceased work on a potential XRP collateralized stablecoin – as proposed by David Schwartz – if they saw this regulatory storm coming. Ripple have enough legal and regulatory problems on their plate already. This might end up being BOTH massive regulatory failure (as in, failing to actually regulate or provide a framework and/or enforce it) AND regulatory overreach in the sense that while "centralized" schemes clearly require regulation (audits, reserves, FDIC/insurance, etc etc), I don't see how decentralized schemes would fall under the purview of the SEC. But apparently, that's what Gensler wants. Meet the new boss, same as the old boss?! Read for yourself: https://www.sec.gov/news/speech/gensler-remarks-aba-derivatives-futures-law-committee-virtual-mid-year-program-072121 There's some good here and some stupid. But maybe I'm misinterpreting. I personally think synthetic pegs that are created by network protocols can no more be securities than bitcoin can be, for the precise reason that there's no issuer or single point of failure/redemption. This has serious implications for Sologenic, the Flare Network and Trustline/Probity for example.
  8. This is really, really good. https://www.paxos.com/a-regulated-stablecoin-means-having-a-regulator/ @brianwalden @KarmaCoverage @mars75 @cmbartley @PunishmentOfLuxury @RobertHarpool @Mercury
  9. Looks like Bitrue are supporting it but I'm sceptical many other exchanges will, unless it's very simple and similar in structure to distributing the FLR. Let's see. Bit annoyed about the delay, but I get why. Looks like there's been a Spark selloff today – can't really blame people, since time is a factor, and many folks would have been buying up IOUs (even at a premium) to use to mint right away on the Flare Network. Now they'll have opportunity costs associated with that, oh well. I can't see SGB being worth much or catching Polka/Kusama personally, since those networks are successful because they're focused towards the bitcoin community and they've been live a while. But again, maybe we'll be pleasantly surprised. I really think Flare/Hugo need to stop making ambitious dates from here on, it's getting a bit silly with last minute changes (like the sidden 180 on the distribution vote).
  10. Also look at G-Fam – I personally don't like it, but it does pay you in XRP to post content (that said, Coil charges ~$5/month to use it, so it's really a net loss!).
  11. Defi's great and all, but we still need to interact with the main financial system at key points, and without that crypto will ultimately fail anyway. That said, apart from the horrendous UX, I've generally had positive experiences with Uphold. They have botched a few things, like the Cred debacle. I haven't had to go through their support/help channels, so I'm sorry if this is the experience you've had – that really sucks! But then again, it's a new account with only one post, which makes me a bit sceptical. Where are these reviews you've seen? I'd like to check that out. Thanks.
  12. Maybe you could look at some of the newer apps built on top of XRP as a micropayments tool, like MG Social or Cinnamon?
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