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  1. Imagine you have a $1000 of another currency in a bank account and it’s value goes up against your native currency so that’s it’s worth $1500. That’s great but the cost everything else you have to buy with your native currency just went up 50%. How’s that extra $500 going to help you?
  2. The precedent is important because it has to say why an ICO is a security. It narrows down the argument. Maybe we can have some of the lawyers in here give us some insight?
  3. https://www.bloomberg.com/news/articles/2018-09-11/u-s-judge-says-initial-coin-offering-covered-by-securities-law
  4. The best part of this story is the comments ?. I’m going to go buy some gasoline to barter for food.
  5. At the end of the day I don’t see the Stellar/IBM solution being able to compete with ripple. Stable coins have issues too. https://www.theguardian.com/technology/2018/sep/11/stable-coins-bitcoin-cryptocurrencies-tether
  6. By all means, please put your money where you feel it’s best. I hope you make money. I really do. This space is big enough for many companies to make incredible profits. Having said that; The optics on this are terrible. I went over to r/stellar and the first thing I saw was a big post of how the stable coin is a “first step”. I don’t think XLM is going to be used for this. Why would they move to XLM after proving their stable coin works and get the institutions to buy in? So after all the hard work they’re going to say, hey you know what would be a great idea? XLM instead of the coin
  7. Unless I’m mistaken, the money to buy Chain was from XLM. IBM’s protocol is using its own stable coin with no announcement of ever planning to use XLM. I feel bad for the XLM bag holders. They funded their own demise. Nice touch Jed.
  8. The USD is in trouble and it will have a devaluing. Not to the point of hyperinflation but it is over-valued and only kept its current value because it’s the Reserve Currency. Can XRP replace it as the reserve currency? Maybe. In the right conditions it just might happen. Global Finanical crisis part 2 - it will be much worse than 2008. Interest rates cannot be lowered to fuel borrowing. The US printed a vast amount of money in 2008 so if they do that again they risk hyperinflation. I think we are headed for stagflation. https://finance.yahoo.com/news/vulnerability-a
  9. Many incumbents cannot transform their business model. In order to take advantage of the tech they may face hurtles we have no idea about. No point in having offices worldwide. The sender and receiver just need a phone. No point in having funds locked up all over the world to exchange currencies anymore. Western Unions vast remittance corridors were just rendered useless and they have zero advantage over ANYBODY using ripple tech. Any start up can now move money of any sum to any place. WU business model is dead. For all we know they see what is coming but are unable to adapt so
  10. The bitcoin early adopters wanted to be free of the banks but that comes at a price. You are also no longer protected by the regulations that are established for that industry. Live by the sword, die by the sword.
  11. Ok too be fair I was assuming we were talking about thugs, not a higher “professional” level criminal ?
  12. You can have a phone wallet and a savings wallet. Savings wallet is not on your phone. Keeping enough on your phone wallet for day to day spending. Should thugs force you to transfer from your phone you only lose what’s in your phone wallet. Enough to make them go away but not your life savings. Same principle for storing cash/gold in your house. Have more than one safe. The decoy safe has enough that thugs think they got the goods.
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