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Agrilax

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  1. Multi-sign was practically born for this, you could have a system where each stakeholder/nation of importance holds their own private key, and some arbitrary percentage of stakeholders is required to sign to make a decision (50%+, or 70%+ etc.). If an insufficient amount of nations/stakeholders agree, that decision to release funds/inject liquidity into the system/make changes can't happen. Although if this was the path taken, it is probably more likely that the BIS would create their own system based on this, where worldwide central banks are key holders and a % agreement requirement is set to allow decision making, where their private key is used to cast their vote.
  2. I can't find this post anymore but wasn't there 4bn xrp moved to some unknown entity in October/November with speculation about it being Jed. Could this be the reason?
  3. I'm in there to obtain information that would otherwise not be available, and then clarify/approve/disprove of the facts myself through my own further research and analysis. You should never discount posts based on pure emotion, let everyone have their say and if it is backed up by facts that you can personally clarify, it is another data input to the overall equation that may prove/disprove your investment decision. I was actually banned from one of these groups from throwing some hard logic/truths at flat earth theorists (that bg123 group) that they were clearly offended by/had no comeback for.
  4. I would say, that as a rational investor no post should be closed/deleted just because a majority of extremely emotional amateur investors believe it is untrue (this is more in relation to other posts that have been closed on this forum). If anything, it makes my investment feel more scam-like. As you are invested into digital assets, you should now consider yourself at least to some extent as traders. This means unemotional, unbiased assessment of all potential arguments. Also, as an investor in my experience I always seek out the harshest critique of my investment, and if I can personally disprove it/discount all of them it means my investment is sound and depending on the degree to which I can disprove negative arguments drives my confidence in my choice, but also my risk thermostat. This should be the default for all investors - you should seek negative feedback more than anything, as unfiltered positive reinforcement only drives extreme groupthink and thus a heavily biased view that is unrealistic. This is the basis of scientific thought.
  5. When you look at some of the investors in XRP, (and crypto in general) it really does make you question the soundness of your investment. The logic used here is basically this; Bob knows Sam, Sam knows John, John knows Steve and Steve knows Adam. This must mean that Bob and Adam are best friends. This is really poor logic and is indicative of the financial/business clout that most people have who are invested in crypto. It is very similar thinking to what was happening in the 2017 December mania without the crazy pumps. Coin X has signed a partnership with some S&P500 company and the price moons - but companies do this all the time - sometimes simply to explore the industry/possibilities as there is so much hype around the technology, it does not necessarily mean that a solution is being worked on that will use the coin as the centerpiece for literally everything. People do good research, but the thought process after this is jumping straight to conclusions without any analysis.
  6. The way I understand the question, the order flow is to MXN not from, (as the payment is by Bob to Mary from USA). This means that SuperFI sells XRP to Sonny on the behalf of Mary. This would make SuperFI the counterparty making the transaction on the behalf of Mary. I would say Mary becomes the counterparty with SuperFI when they deposit the money in her bank account.
  7. Absolutely this. There are so many people that are either uneducated/don't know how to apply scientific thinking to problems (which is what should be applied to any sort of analysis). You have your hypothesis, your aim should be to seek information/data that disproves it, and if you have managed to obtain a sufficient amount of data and none of it proves it wrong, perhaps then you could say your hypothesis is correct - even then, data must be evaluated and scenarios envisioned where a certain mechanism will prove your hypothesis wrong, but perhaps obtaining data is not possible.
  8. 1. XRP 2. BTC 3. ETH 4. ZIL 5. TRX I think we will see some regulatory clarity this year which may be bullish for XRP, I also think we will see some bank usage of XRP this year in that scenario - possibly by BoA towards the end of the year. I'm a bit conservative about BTC falling to 2nd because if it does, it probably falls much further as it loses the only advantage it has over other tech. ETH is too slow to develop their consensus model, other crypto's will come close to overtaking it, and they may for a brief time. 80% of the tokens in the market are ERC20 though and that means price will stay high. I think TRX will do well as they are one of the few with a working product, but initial price boosts bring in FUDsters, as they always do - Justin Sun uses some questionable marketing practices (e.g. giving 3 million to Binance as a "charity" donation...then they get listed as the first base pair of XRP). That affects price, as it should. While bitorrent is working product, the fact that its primary use is downloading pirate copied stuff will weigh on price and public opinion of crypto - we are trying to move away from all the scam/illegality perceptions. My big dark horse bet is Zilliqa, they are working with a fair few media companies with some questionable moves happening with some people making the link between ZIL and facebook's new cross border payment blockchain initiative. It takes a long time to develop your own platform, so they probably use someone else's, with what's happened at coinbase/other moves it wouldn't surprise me if this was true. Also high TPS and a blockchain 3.0 infrastructure - if that's what people call it nowadays. I left ADA out - it has loads of potential, amazing coding and team/resources, but the fact that it uses Haskell will be its downfall. Major developers are unlikely to pick it up for that reason. I remain flexible, if I see things changing and projects start picking it up/running ICO's on it instead of ETH it confirms the fact that it is an ETH killer, but I remain extremely skeptical. Still hold some, looking to sell after it's added on coinbase.
  9. I would second this. A good analogy is to think of Binance as Walmart, if Coca-Cola is popular it's great for business, people will come to their store to buy it and they take a cut/margin. If Coca-Cola goes bankrupt they will sell something else. You seem a little grumpy, cheer up it's Christmas. Also, as is common on exchanges, they may list pairings to other coins as and when necessary, just like ETH isn't paired to everything, there just wouldn't be anywhere near enough liquidity. While it may be great for price, in the long run these pairings don't really mean that much in the grand scale (if XRP achieves it's use case), banks aren't going to source liquidity via xRapid/multi-hop through 6 different sh*tcoins, regulations and fiat channels will do that - so just enjoy the small pump in price.
  10. Did you copy/paste this from somewhere? I would kind of disagree but someone correct me if I am wrong. Liquidity is not about price stability, but about how quickly you can buy/sell your asset and is very dependant on volume. For example, all the traders flock to Bitcoin because it has the highest volume in the crypto world, which means you can get in/out of huge positions with little difficulty, but volatility can still be high. If volume is low, large buy/sell orders can move the price a lot, or in severe circumstances you may not even have a buyer, and the asset is known as illiquid. A good example is the housing market, very illiquid and can take a long time to sell your house, but volatility is very low as there is major price concistency between comparable houses in that area, and illiquidity does not always = volatility.
  11. Correct me if I am wrong...but I would look at this as a contrarian indicator. If ~96% of the clients are long in that market, while it does highlight the positive investor sentiment in that asset, it isn't really driving price up and is probably currently acting to maintain it above the support levels. These ratios change quite quickly/frequently, and shorts have also dipped below ATH, so any short squeeze will be subdued in comparison with ETH/BTC who have shorts near ATH. TLDR; This shows traders/investors are positive, but if prices dip again and drop below support this can weight on XRP price more heavily than other top crypto's and any potential short squeeze will probably see us XRP having smaller gains. I would be far more confident if price was holding up where it is/showing some bullishness with shorts at ATH, as you would know any rally still has lots of legs left.
  12. How do you code in/define investor sentiment and psychology - i.e. How do traders/investors react to a sudden spike in volume? Also, how do you model the consequential portfolio reallocation and entry into the crypto market from the more traditional equity/bond/commodity markets? The simple buy/sell order book equation is easy to model. How do you model sell and buy pressure after, let's say a 200% rally? I think you approach the question in a manner that is too simplistic, thus the model would get you nowhere near real world scenarios.
  13. The more shorts the bigger the eventual short squeeze when prices find a bottom and bounce a few %, as people have to cover in panic or face potentially higher losses. You have to buy XRP from the open market to cover shorts, this buying pressure causes price to rise even more thus creating a positive feedback loop when shorts are really high - this happens in all markets, the best example this year was the VIX explosion in February after having record shorts. The fact that shorts on XRP dropped means that people bought XRP to cover - but the price didn't really jump, which is actually bearish and IF shorts go back up to resume their correlation with increasing BTC/ETH shorts the XRP price dip will be more severe. This is the problem with all these dodgy crypto news sites, almost anyone can post on them and 99% of the people have no idea what they are talking about.
  14. I like the title, quite appropriate...
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