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ringer2

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  1. Haha
    ringer2 reacted to AnotherFrenchGuy in The Future Zerpening: 2020   
    So... I guess... See you in 2 more years.
  2. Haha
    ringer2 reacted to Xill in Will XRP EVER regain its ATH price? Poll   
    it will go to moon soon with gold standard coming to fix the broken system
  3. Like
    ringer2 got a reaction from AlexJohanson in Will XRP EVER regain its ATH price? Poll   
    60% certain yes. But it could take 2-5 years. 
  4. Like
    ringer2 reacted to Caracappa in Do you really think ODL is the purpose for XRP?   
    No, this far fetched, even for me. We all know there are some fundamental flaws in our financial system, but this is not the solve it all.
    It could however make money go around faster and make cross border payments cheaper once there is a viable network with enough liquidity.
  5. Confused
    ringer2 got a reaction from Gilligan in Security complaint   
    Oh boy. 
    New evidence suggests that XRP could be deemed a security | CryptoSlate
    https://cryptoslate.com/new-evidence-suggests-that-xrp-could-be-deemed-a-security/
  6. Like
    ringer2 reacted to mrhat75 in Do you really think ODL is the purpose for XRP?   
    You have some crackpot beliefs
  7. Like
    ringer2 reacted to Archbob in Do you really think ODL is the purpose for XRP?   
    XRP was completely created out of thin air with absolutely nothing backing it, all cryptos are. That's why their value swings wildly from day to day. You can always change the protocol if the validators agree.
  8. Like
    ringer2 reacted to Archbob in Do you really think ODL is the purpose for XRP?   
    No, that's not true. The savings account interest is almost non-existent and people store money there anyways. Custodians for crypto actually charge a fee for storing it and large crypto holders still go with custody solutions. People keep money in a bank for safe-keeping on savings accounts, not mostly for interest.
    And 2008 wasn't caused by people trying to withdraw their money, that was 1929. 2008 was caused by sub-prime loaning due to lack for sufficient regulations.
  9. Thanks
    ringer2 reacted to Archbob in Do you really think ODL is the purpose for XRP?   
    A bank's main purpose isn't to provide liquidity or money transfers. Its to store people money and give them insurance over it. We've had banks even when people used gold and silver and currency. It has nothing to do with out currency escalating debt. They exists between we went off the gold standard in the 1970s.
    A bank doesn't make most of their money either with money transfers, it makes money by loaning out their money and charging interest. That is going to exist regardless of how liquid the system is. The issues with people not being able to pay back a loan isn't going to be solved just because you can transfer money faster. It doesn't matter if the guy who owes the bank money doesn't have any money to transfer back because his business plan didn't work.
    2008 was triggered because the Banks made a lot of bad loans, especially on buying property, that people couldn't pay back. It wasn't about how fast you could transfer money.
    It seems like you don't understand history or how the economy works.
  10. Like
    ringer2 reacted to TheyLive in Do you really think ODL is the purpose for XRP?   
    You present hypothesis as facts with the confidence of an educated man. Problem being, your lack of the least is showing. You should invest in your education. 
  11. Like
    ringer2 reacted to Chris_Reeves in Do you really think ODL is the purpose for XRP?   
    You lost me at "end of banks".... good luck in your investments but your macro understanding feels flawed
  12. Confused
    ringer2 got a reaction from EcneitapLatnem in Security complaint   
    That is a legitimate argument. But the government can overturn and release conflicting rulings all the time. 
  13. Confused
    ringer2 got a reaction from EcneitapLatnem in Security complaint   
    Oh boy. 
    New evidence suggests that XRP could be deemed a security | CryptoSlate
    https://cryptoslate.com/new-evidence-suggests-that-xrp-could-be-deemed-a-security/
  14. Thanks
    ringer2 got a reaction from Sporticus in Security complaint   
    Oh boy. 
    New evidence suggests that XRP could be deemed a security | CryptoSlate
    https://cryptoslate.com/new-evidence-suggests-that-xrp-could-be-deemed-a-security/
  15. Like
    ringer2 reacted to Sporticus in Security complaint   
    The EFT Act does not control the SEC's determination of the security status of XRP. 
    The SEC and the US District Court are not bound by this federal register citation in relation to a securities characterization.  Notwithstanding, a distributed ledger technology asset like XRP can be both a virtual currency and a security. 
  16. Confused
    ringer2 got a reaction from Cesar1810 in Security complaint   
    I wasn’t arguing it is a security.  I don’t know and don’t really care.  But the absolute presumption that many in here have that there is no possible way it is doesn’t hold water. 
  17. Confused
    ringer2 got a reaction from Cesar1810 in Security complaint   
    Oh boy. 
    New evidence suggests that XRP could be deemed a security | CryptoSlate
    https://cryptoslate.com/new-evidence-suggests-that-xrp-could-be-deemed-a-security/
  18. Confused
    ringer2 got a reaction from EcneitapLatnem in Security complaint   
    I wasn’t arguing it is a security.  I don’t know and don’t really care.  But the absolute presumption that many in here have that there is no possible way it is doesn’t hold water. 
  19. Like
    ringer2 reacted to 2ndtimearound in Security complaint   
    At this point, it'd probably benefit us more if it was deemed a security....class action lawsuit against Ripple (as the law would be on our side, precedent set).  XRP bagholders would probably end up in a better position than they are now
  20. Confused
    ringer2 got a reaction from Dario_o in Security complaint   
    Oh boy. 
    New evidence suggests that XRP could be deemed a security | CryptoSlate
    https://cryptoslate.com/new-evidence-suggests-that-xrp-could-be-deemed-a-security/
  21. Like
    ringer2 reacted to Tinyaccount in This is the reason Ripple must burn their escrows.   
    If the ‘perception’ is your concern I suggest you read the two posts above yours...   burning would be disastrous to perception in the finance industry.
  22. Haha
    ringer2 reacted to Caracappa in Charting the course of XRP   
    I'm closing down my XRPchat account. They say you should stop at the top. Ringer agreeing with me is the maximum achievement one can get on this forum. So I did it! Goodbye to all!
  23. Like
    ringer2 reacted to Tinyaccount in Charting the course of XRP   
    Yes liquidity is the key.   A higher price would help but only if there was sufficient volume.
    The cryptoeri interview with Nick from FLashFx made exactly that point...  bigger volume begets more market makers begets bigger volume from tighter spreads and cheaper transfers.  It’s a virtuous circle once it’s running well enough.  That’s what we are watching right now...  it’s starting,  and hopefully will continue to ramp up more liquidity and corridors.
  24. Like
    ringer2 got a reaction from Ryyy20 in Charting the course of XRP   
    Exactly. Liquidity is the key to whether XRP is a success or not as a bridge asset, not its price. Slippage is occurring because right now there are often large spreads on the order book. That needs to significantly diminish for Banks to want to take the risk
  25. Like
    ringer2 got a reaction from Tinyaccount in Charting the course of XRP   
    Exactly. Liquidity is the key to whether XRP is a success or not as a bridge asset, not its price. Slippage is occurring because right now there are often large spreads on the order book. That needs to significantly diminish for Banks to want to take the risk
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