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Posts posted by Member278576

  1. Some authoritarian States perhaps have a negative view on the possibility to quickly change between fiat and crypto. Turkey is a very interesting example at the moment. Erdogan has directly asked the people to change from other currencies into Lira, which immediately caused a further sell of, especially yesterday. (Source, article in FT today)I wouldn’t be surprised if this could cause bans and all sorts of idiotic behaviour if the currency crisis spreads and deepens. Or attempt to ban. Temporary blocks on access to exchanges is however a possibility. 

    Over time crypto however will find its proper value and role also in global finance imho.

  2. Yeah, however, never underestimate the will and power of the incumbent. It would be foolish to think this is game over and the winner is a done deal. And yes, I’m all in on XRP, and think it will be hugely successful, but I also think it will take longer time than most anticipate. Once it get going however...?

  3. Thinking about this this might actually be quite significant. Looking at the partners, the idea, and the seriosity behind this, it adds very well to the idea of using digital assets and crypto for very real, very beneficial use cases. Well done Ripple and others. 

  4. Source


    From the article:

    Mojaloop (building off the Swahili word “moja,” which means “one”) was created in partnership with fintech developers Ripple, Dwolla, ModusBox, Crosslake Technologies and Software Group, using cutting-edge technology such as the Interledger Protocol, a solution for settling funds among multiple providers across their individual systems. It joins other promising digital financial software, but is the first model that can help extend interoperability from mobile money providers to any bank, merchant or government institution in a customer’s economy in a way that specifically meets the needs of the poor.

  5. 1 hour ago, MisterHappy said:

    I would have imagined this to be an error. Good profits for individuals that managed to have a buy limit in that region

    Maybe, the data got blanked for a while after this happened. But it’s still there so who knows.

  6. 1 hour ago, ed1 said:

    That's a good point indeed.  (https://www.fincen.gov/sites/default/files/shared/Ripple_Facts.pdf)

    Ripple Labs’s Operation as a Money Services Business in March-April 2013

    16. Ripple Labs has previously described itself in federal court filings and in a sworn affidavit as “a currency exchange service providing on-line, real-time currency trading and cash management . . . . Ripple facilitates the transfers of electronic cash equivalents and provides virtual currency exchange transaction services for transferrable electronic cash equivalent units having a specified cash value.”See Ripple Labs, Inc. v. Lacore Enterprises, LLC , Motion for Preliminary Injunction, 13-cv-5974-RS/KAW (N.D. Cal. 2013) (emphasis added). - / does not sound like a security from this description accepted by the court in 2013./

    17. From at least March 6, 2013, through April 29, 2013, Ripple Labs sold convertible virtual currency known as “XRP.”

    21. During the time frame that it was engaged in these sales and operated as a money transmitter, Ripple Labs ....


    Indeed, to assume XRP is a security and not a convertible virtual currency would be contrary to the arguments listed out in detail in the decision and explanations given by FinCEN. 


    ed1, I used the link to reply to Popper on Twitter. Thank you for the good information.

  7. 2 hours ago, Winteriscomming said:

    no no no....“My ALV is better than your ALV:air_kiss:

    You know why......because i will give you the same amount in "LOL" coins also. So you will receive 2 coins (2x1).


    I'M THE CREATOR OF LOL COIN!!!! who wants LOL and ALV?


    Yeah? Dont think I can do better than that? I’ll call whatever you bid, and add +1. Let’s see how that works from a hyperinflation perspective...:girl_cray2:


    even if one ALV is not one ALV when created on different addresses.... jeez, this is more complication than this space needs in my view. 

  8. 13 minutes ago, Allvor said:

    See, this is not how it works. Emissions are linked to the issuer. ALV issued by any other account is not the same as ALV from the Allvor Project. It's like the dollar issued by Gatehub and the dollar issued by Bitstamp. They do not mix and are different things.

    “My ALV is better than your ALV”

    This will be only confusing and as far as user case goes, seems absolutely worthless. 

  9. Yes, they are actually, Lying in your IR comms would very quickly go south. They could of course lie anyway, but that would be utterly stupid

    1 minute ago, trogdor said:

    And the MG investor relations team replying to emails is obligated to tell Tony Mission the truth?

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