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LAH

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About LAH

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  1. If ANY crypto has conditions to succeed it is XRP. If XRP can't make it can't nobody make it.
  2. And....with global de-dollarization growing ..... the US dollar is not a bubble?
  3. Ukraine is a failed neo nazi state . Ripple is better off in Russia circumventing sanctions and Swift
  4. Hate to break it to you, but there is no such thing as an XRP "community".
  5. Great article on coindesk, spot on. With Rambling Clinton Keynote, Ripple Is Sending a Clear Message 255 3 OPINION David Floyd Oct 3, 2018 at 04:00 UTC | Updated Oct 3, 2018 at 14:32 UTC Former U.S. President Bill Clinton didn't have to say much when he delivered the keynote at Ripple's Swell conference in San Francisco. And indeed, he barely said anything relevant to the blockchain industry. The 42nd commander in chief has long been recognized for his rhetorical prowess, but there was little pressure on him to rouse or inspire the audience at Ripple's event. He was sending a message on Ripple's behalf simply by appearing on stage. Specifically, the company was saying: Ripple is the kind of company that can book Clinton to speak. While Clinton and his wife – former U.S. Senator, Secretary of State and 2016 Democratic presidential nominee Hillary Clinton – have given talks at any number of venues over their decades of public service, the "Paid Clinton Speech" became something of a meme in 2016. During the campaign, critics on the left and right balked at the $22 million Hillary had earned giving speeches to employees of big banks and other establishment boogeymen. The content of these speeches – she refused to release transcripts – became something of a national obsession. To some, they epitomized what was perceived as overly cozy relations between DC and Wall Street. For a company like Ripple, then, there is powerful subtext in booking a Clinton to speak. To understand why, consider the ambiguity of the company's position. Schrodinger's Ripple Ripple is a Schrodinger's cat. In one outcome, we open the box and a thriving fintech company emerges, one that provides a long-overdue efficiency boost to the financial services sector by introducing new, disruptive technologies: blockchain and digital assets. In the other outcome, we open the box and Ripple is just another cryptocurrency company looking for a use case: the company sells tens of millions of dollars worth of the cryptocurrency XRP every quarter through a subsidiary, but as of today, just a few firms are making commercial use of the Ripple product that leverages XRP. Meanwhile, Ripple has been taken to court by small-time investors who allege that its sales of XRP constitute an unregistered securities offering. Perhaps not coincidentally, Ripple has begun to assert that it did not create XRP – indeed, its ownership of the majority of the XRP tokens in existence is down to a "gift" from its creators. Ripple is playing a high-stakes game, in other words, and it has clearly embarked on a campaign to cultivate the right relationships, project the right image and distance itself from the wrong sorts of crypto companies. Making the right friends The push is evident on multiple fronts. Just a few days ago, it was reported that Ripple and others had created the Securing America's Internet of Value Coalition (SAIV), an advocacy group that will pay its DC lobbying firm partly in XRP. Ripple's board, meanwhile, includes a former co-president of Morgan Stanley; a former superintendent of financial services for the state of New York, who created the state's cryptocurrency regulation; a former State Department official, who now runs a D.C.-Silicon Valley consulting firm with two former cabinet members and a former White House adviser; and an official who served in the Clinton and Obama administrations. Former Federal Reserve chair Ben Bernanke headlined last year's Swell conference, and day one of this year's conference included four current or former central bank officials – one of whom, Dilip Rao, is now Ripple's head of infrastructure innovation. All of these associations with the rarified establishment of Wall Street and K Street are well and good. They reinforce what Ripple CEO Brad Garlinghouse said onstage at Swell: for Ripple, "it wasn't about replacing banks … there's an opportunity to be a builder and partner with the industry." Ripple's choice to book Bill Clinton to speak is entirely consistent with its lobbying efforts, its taste in board members and all the other ways in which it aims to project an image of respectability. Not that kind of crypto Still, the Clinton speech stands out as a particularly potent gesture. Not only does it seemingly vault Ripple into a small circle of establishment firms that book Clintons: Goldman Sachs, Moran Stanley and Deutsche Bank. It simultaneously distances Ripple even more emphatically from the world of fly-by-night ICOs, dark web markets, Ponzi schemes, tokens, sectarian hard forks and meat-only diets – the "crypto" scene that Ripple clearly wants nothing to do with. Part of the 2016 saga, after all, was Wikileaks, an organization that began accepting bitcoin in 2011 and has generally been popular among cryptocurrency's more ideological devotees for its extreme anti-establishment and anti-censorship position. The site published damaging excerpts of Hillary Clinton's speeches to banks in October 2016, just a month before the election. In this context, the symbolism of a paying for a Clinton speech is clear: this organization has nothing to do with the sorts of cypherpunks and anarchocapitalists who donate bitcoin to Wikileaks. Say anything As for the content of Clinton's speech itself, that was unrelated to the real message. As if to drive that point home, Clinton rambled: migrant children being separated from their parents, the lapsed assault weapons ban, the positives and negatives of identity politics, the Rwandan genocide, the movie "Black Panther," the Israel-Palestine conflict and his new novel all got as much play as blockchain technology. When Clinton did touch on the topic of the conference, it was only to say that money laundering was a risk, but that over-regulation risked stifling innovation. He also warned that toxic identity politics was a risk to blockchain somehow – as a last-minute, semi-coherent segue from the project of Hutu-Tutsi reconciliation following the horrific violence of 1994. Ten years after the financial crisis and the publication of the bitcoin white paper, much of the bitcoin-blockchain-cryptocurrency world is moving away from its anti-establishment roots. But no one is doing it with quite as much panache as Ripple. Image by David Floyd for CoinDesk
  6. Great article for Crypto investors. Tuesdays with Teeka: The Great Crypto Conspiracy of 2018 Deadwood was an acclaimed Western series that ran on HBO from 2004–2006. The series was set in the town of Deadwood, South Dakota during the Black Hills Gold Rush of the late 1870s. As you can imagine, the show was full of shootouts, filthy language, and quite a few sex scenes… Certainly not a show you’d want to watch with your kids. But there is an episode of Deadwood that holds a valuable lesson for crypto investors…During the Dakota gold rush, regular folks who got in early made fortunes. These weren’t mining magnates or industrialists. Much like today’s crypto investors, they were savvy speculators pouncing on an opportunity. What happened to all those early-stage prospectors? In the fictionalized Deadwood version, wealthy miner George Hearst (father of publishing magnate William Randolph Hearst), swindled them out of their mining shares. This wasn’t too far from the truth. According to rumors at the time, Hearst used murder, intimidation, and misinformation to force people to sell their claims. He even purchased newspapers in the town to influence public opinion. Crypto investors will recognize the strategy Hearst used. In a bid to buy in cheap, Hearst’s agents started to float rumors that the government would seize all land in the town. Prospectors believed the rumors—and sold their mining stakes for pennies to Hearst’s agents. The conspiracy worked. Hearst and his partners bought the biggest mine in the region—Homestake—for a bargain-basement price of $70,000 ($1.7 million in today’s dollars). Homestake would become the richest gold mine in U.S. history. From 1879 to 2002, the mine produced 44 million ounces of gold and 9 million ounces of silver. At today’s prices, that’s a combined $56.5 billion in precious metals. I’m seeing a similar heist play out in today’s crypto markets. Who’s Behind the Conspiracy: Every day, we hear in the press how the Securities and Exchange Commission (SEC) is cracking down on cryptocurrencies.We hear that the Commodity Futures Trading Commission (CFTC) is starting a new investigation. We hear JPMorgan’s CEO saying he’ll fire any of his employees buying cryptos—then we find out his traders in London are buying with both hands. We hear central banks float stories designed to scare and ward off crypto investors. In February 2018, the Polish central bank even admitted it hired a firm to spread a “smear campaign” against cryptos. (And do you remember IMF head Christine Lagarde saying central banks need to band together against cryptos?) Friends, the great crypto conspiracy of 2018 is upon us. All year long, we’ve been under assault by rumors of central bank collusion against cryptos: threats of bans… endless investigations… and the ceaseless drumbeat of negativity from the traditional press. And yet—amid this shower of negative news—careful observers will have noticed institutions are actually running into crypto investments. Today, I’m seeing banks, regulators, and the press drown the market in negative news. They’re using the same old trick Hearst used to scare speculators so he could scoop up the Homestake mine for pennies… Guess what? It’s working. Institutions are getting the best prices on cryptos since mid-2017… While the average investor is panic-selling, big investors are buying. Crypto Wealth Is Being Redistributed Over the last 90 days, we’ve seen some of the biggest investors in the world flood into cryptos: Wall Street investment bank Goldman Sachs announced that it would launch a crypto trading desk. Susquehanna—the 12th-largest trading firm in the world by volume—announced it would start trading cryptos, too. The firm even went as far as creating its own custody company to hold its cryptos. Billionaire investor George Soros—one of the world’s greatest moneymakers—gave the green light to his team to buy cryptos. Coinbase—one of the world’s largest crypto exchanges—launched a crypto index fund for wealthy investors and institutions. Financial services company State Street said it’s considering acting as a custodian for bitcoin. State Street has $2.7 trillion under management. Wellington Capital—with over $1 trillion of assets under management—stated its intention to start trading bitcoin. The Rockefeller family’s venture capital firm, Venrock, said it’s also buying cryptos. Every important lawyer I talk to in the investment space is overwhelmed with crypto questions from their institutional clients. That’s just the latest evidence that institutions are trying to get into this market—not stay out of it. Don’t Fall Victim to This Conspiracy Friends, make no mistake… We’re in the middle of a massive handover of wealth from individuals to institutions. I saw this happen after the housing crisis in 2010–2012, when institutions started buying up foreclosures by the thousands… but individual investors couldn’t get a mortgage. I saw it in 2003 after the dot-com crash, when institutions started buying up internet and technology stocks on the cheap… But on CNBC, they kept telling the public it was too early to buy. I saw it during 1994–1995, when institutions scoffed outwardly about how “dumb” money was buying internet stocks… while they were loading up as individuals were selling. I’ve seen this institutional blueprint for stealing wealth play out again and again. Don’t be a victim of this strategy. The key is to focus on what institutions are doing…not on what they’re saying. Across the world, institutional investors are embracing cryptos—not rejecting them. Just as George Hearst made a fortune using misinformation to buy the Homestake mine on the cheap… institutions know they will make vast fortunes buying cryptos at depressed prices. Otherwise, they just wouldn’t bother with it. Don’t be a statistic. Stay strong. Keep your position sizes rational. We will ride the wave of misinformation through this dark valley of despair and into the bright sunlight of the life-changing future ahead of us. This is an area I’m personally investing in now, to build a financial legacy I can leave to my daughters. Nobody else sees this coming. Let the Game Come to You! https://townhall.com/columnists/teekatiwari/2018/09/04/tuesdays-with-teeka-the-great-crypto-conspiracy-of-2018-n2514775
  7. LAH

    Bitstamp

    You start with International Bank....correct
  8. LAH

    Bitstamp

    Could you tell me where you found that on their website. I am not seeing it. Thank you
  9. LAH

    Bitstamp

    Last week I sent a significant sum of US dollars to Bistamp from the US using the bank information provided on the site which informed me that they only take US dollars coming from the USA. Today the money was returned saying the bank account no longer exists. Does Bitstamp take wires from the US and if so how does one get it there?
  10. The Zerping club lost focus of why they were on the blog. They are now a private club and abandoned the general discussions and promotion of XRP and influencing the broader XRP investor public to the newbies so they can enjoy the comfort of like minded thought. They didn't realize that many of the people who visit this blog did so only to read the insights of the "veteran" XRPers to give them confidence in the investment they made. They have left the general discussion a shell of what it was and delivered over to the FUDers, but at least they are enjoying themselves now. Thank God Hodor still let's us read his comments.
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