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slinuxuzer

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  1. Like
    slinuxuzer got a reaction from DreXRP in Q4 2018 XRP summary: Actions speak louder than words   
    That was a really good one, thank you for posting this. Anyone who is feeling down about crypto and XRP should take a look at this, there isn't a single project that gets close to making the kind of progress XRP has in 2018, truly amazing.
  2. Like
    slinuxuzer got a reaction from G-Men in Q4 2018 XRP summary: Actions speak louder than words   
    That was a really good one, thank you for posting this. Anyone who is feeling down about crypto and XRP should take a look at this, there isn't a single project that gets close to making the kind of progress XRP has in 2018, truly amazing.
  3. Like
    slinuxuzer got a reaction from hallwaymonitor in Q4 2018 XRP summary: Actions speak louder than words   
    That was a really good one, thank you for posting this. Anyone who is feeling down about crypto and XRP should take a look at this, there isn't a single project that gets close to making the kind of progress XRP has in 2018, truly amazing.
  4. Thanks
    slinuxuzer got a reaction from GiddyUp in Binance announce XRP - USDC trading Pair   
    The beauty of xRapid IMO is that it sort of "Crowd sources" liquidity, back to the branding issue, I think any single branded asset "Stable Coin" will have trouble gaining enough liquidity to become a global bridge asset. This crowd sourced liquidity requires trading of the asset for that level and depth of liquidity to materialize. That is just on the liquidity side, lets not forget there is a whole product side and business development side. 
  5. Like
    slinuxuzer got a reaction from WrathofKahneman in Binance announce XRP - USDC trading Pair   
    It's very interesting that Binance is listing these coins against the USDC, my initial thought was that there is some sort of partnership between the two and maybe this is an indication that we will soon see a XRP listing on CB because of said partnership.
    My second thought was, well these guys are huge competitors, so maybe this is more Binance taking advantage of CoinBase's in-action over the last year and a half to list more assets and playing games about an XRP listing.
    So now you can buy USDC on CB, move it to Binance and buy XRP, I think at a minimum this will turn up the heat on CoinBase to list XRP. So while I understand your post / position, be patient this is a good thing, one way or another. The competition is only going to get higher and higher, CoinBase won't be able to keep playing this little game forever.
  6. Like
    slinuxuzer got a reaction from WrathofKahneman in Binance announce XRP - USDC trading Pair   
    By that rationale these players would need to create their own products that leverage the asset, as well as build up global liquidity for their stable coins. Sorry, but I disagree with you, I don't see these exchanges taking the time to create their own versions of xCurrent/xVia/xRapid - and even if they did they are literally years behind Ripple in this pursuit. Also don't forget the beauty in XRP is that it is brand agnostic, any coin made by a Circle or Bank of America or whatever would have trouble gaining widespread adoption, because companies will be against using a branded asset.
  7. Like
    slinuxuzer got a reaction from jcdenton in Binance announce XRP - USDC trading Pair   
    Binance announced a while back they would be starting a Fiat trading service, my point is they aren't listing every Coin against USDC, so maybe the USDC list is a preview of what they might eventually list against USD
  8. Like
    slinuxuzer got a reaction from ObeyTheWafflehouse in Binance announce XRP - USDC trading Pair   
    By that rationale these players would need to create their own products that leverage the asset, as well as build up global liquidity for their stable coins. Sorry, but I disagree with you, I don't see these exchanges taking the time to create their own versions of xCurrent/xVia/xRapid - and even if they did they are literally years behind Ripple in this pursuit. Also don't forget the beauty in XRP is that it is brand agnostic, any coin made by a Circle or Bank of America or whatever would have trouble gaining widespread adoption, because companies will be against using a branded asset.
  9. Thanks
    slinuxuzer got a reaction from quetzalcoatl in Binance announce XRP - USDC trading Pair   
    It's very interesting that Binance is listing these coins against the USDC, my initial thought was that there is some sort of partnership between the two and maybe this is an indication that we will soon see a XRP listing on CB because of said partnership.
    My second thought was, well these guys are huge competitors, so maybe this is more Binance taking advantage of CoinBase's in-action over the last year and a half to list more assets and playing games about an XRP listing.
    So now you can buy USDC on CB, move it to Binance and buy XRP, I think at a minimum this will turn up the heat on CoinBase to list XRP. So while I understand your post / position, be patient this is a good thing, one way or another. The competition is only going to get higher and higher, CoinBase won't be able to keep playing this little game forever.
  10. Like
    slinuxuzer got a reaction from Babelly in Binance announce XRP - USDC trading Pair   
    The beauty of xRapid IMO is that it sort of "Crowd sources" liquidity, back to the branding issue, I think any single branded asset "Stable Coin" will have trouble gaining enough liquidity to become a global bridge asset. This crowd sourced liquidity requires trading of the asset for that level and depth of liquidity to materialize. That is just on the liquidity side, lets not forget there is a whole product side and business development side. 
  11. Like
    slinuxuzer got a reaction from Cesar1810 in Binance announce XRP - USDC trading Pair   
    The beauty of xRapid IMO is that it sort of "Crowd sources" liquidity, back to the branding issue, I think any single branded asset "Stable Coin" will have trouble gaining enough liquidity to become a global bridge asset. This crowd sourced liquidity requires trading of the asset for that level and depth of liquidity to materialize. That is just on the liquidity side, lets not forget there is a whole product side and business development side. 
  12. Like
    slinuxuzer got a reaction from Cesar1810 in Binance announce XRP - USDC trading Pair   
    I understand you can't take anything for granted, especially in this space, but I don't see how a stable coin alone is competition, there must be some reason that the creators of XRP chose not to have it be a stable coin and with Ripple's five plus year head start and the best C++ team on the planet, sorry I'm just not nervous yet.
  13. Like
    slinuxuzer got a reaction from Cesar1810 in Binance announce XRP - USDC trading Pair   
    It's very interesting that Binance is listing these coins against the USDC, my initial thought was that there is some sort of partnership between the two and maybe this is an indication that we will soon see a XRP listing on CB because of said partnership.
    My second thought was, well these guys are huge competitors, so maybe this is more Binance taking advantage of CoinBase's in-action over the last year and a half to list more assets and playing games about an XRP listing.
    So now you can buy USDC on CB, move it to Binance and buy XRP, I think at a minimum this will turn up the heat on CoinBase to list XRP. So while I understand your post / position, be patient this is a good thing, one way or another. The competition is only going to get higher and higher, CoinBase won't be able to keep playing this little game forever.
  14. Like
    slinuxuzer got a reaction from Cesar1810 in Binance announce XRP - USDC trading Pair   
    By that rationale these players would need to create their own products that leverage the asset, as well as build up global liquidity for their stable coins. Sorry, but I disagree with you, I don't see these exchanges taking the time to create their own versions of xCurrent/xVia/xRapid - and even if they did they are literally years behind Ripple in this pursuit. Also don't forget the beauty in XRP is that it is brand agnostic, any coin made by a Circle or Bank of America or whatever would have trouble gaining widespread adoption, because companies will be against using a branded asset.
  15. Like
    slinuxuzer got a reaction from VanHasen in Binance announce XRP - USDC trading Pair   
    By that rationale these players would need to create their own products that leverage the asset, as well as build up global liquidity for their stable coins. Sorry, but I disagree with you, I don't see these exchanges taking the time to create their own versions of xCurrent/xVia/xRapid - and even if they did they are literally years behind Ripple in this pursuit. Also don't forget the beauty in XRP is that it is brand agnostic, any coin made by a Circle or Bank of America or whatever would have trouble gaining widespread adoption, because companies will be against using a branded asset.
  16. Like
    slinuxuzer got a reaction from G-Men in If XRP was a security (good outcome)   
    No just no. Ripple being found liable for securities fraud and having to refund "investors" money would become an albatross around Ripple's neck for a looong time to come. Nothing good comes of this, even if your bag was tripled it wouldn't matter because of the massive dilution and devaluation that would surely follow.
  17. Like
    slinuxuzer got a reaction from Dumpster-Fire-Greg in If XRP was a security (good outcome)   
    No just no. Ripple being found liable for securities fraud and having to refund "investors" money would become an albatross around Ripple's neck for a looong time to come. Nothing good comes of this, even if your bag was tripled it wouldn't matter because of the massive dilution and devaluation that would surely follow.
  18. Like
    slinuxuzer got a reaction from Rutski in If XRP was a security (good outcome)   
    Being registered with FINCEN is not the only requirement to sell a security, since Ripple has never considered XRP a security there is no doubt a long list of other requirements they wouldn’t be able to show due diligence on in the event XRP was deemed a security.
  19. Like
    slinuxuzer got a reaction from Paradox in If XRP was a security (good outcome)   
    No just no. Ripple being found liable for securities fraud and having to refund "investors" money would become an albatross around Ripple's neck for a looong time to come. Nothing good comes of this, even if your bag was tripled it wouldn't matter because of the massive dilution and devaluation that would surely follow.
  20. Haha
    slinuxuzer got a reaction from King34Maine in Bittrex Email Announcement of 12/7/18   
    ME-OW!

  21. Like
    slinuxuzer got a reaction from Cometome in If XRP was a security (good outcome)   
    No just no. Ripple being found liable for securities fraud and having to refund "investors" money would become an albatross around Ripple's neck for a looong time to come. Nothing good comes of this, even if your bag was tripled it wouldn't matter because of the massive dilution and devaluation that would surely follow.
  22. Like
    slinuxuzer got a reaction from Rutski in If XRP was a security (good outcome)   
    The FINCEN issue was because of not complying with KYC/AML laws, and it was more of a technicality and point of view than anything, based on what I read I'm willing to bet if you asked the leadership at Ripple privately they would say they weren't at fault there, but that aside I don't think any declaration of Ripple ever having been a security is good for anyone and I don't believe it would be over quickly. There is no way to know for sure what these losses would total, but I'm willing to bet it could total in the billions of dollars. I don't know of any companies that are going to write a multi-billion dollar check without question and take it in stride. Money aside it would distract the company and leadership heavily.
    Also, keep in mind there is a difference between fines imposed by a Government agency and losses / damages to individuals. The losses and damages to individuals would be litigated in civil court and while I'm not a lawyer the thought of liability for "pain and suffering" would worry me. Imagine "My wife left me because I lost our home betting on XRP at $3.80 and its all Ripple's fault"
  23. Like
    slinuxuzer got a reaction from Cesar1810 in Bittrex Email Announcement of 12/7/18   
    Excellent information, I did not know this. Thanks.
  24. Thanks
    slinuxuzer got a reaction from King34Maine in If XRP was a security (good outcome)   
    The FINCEN issue was because of not complying with KYC/AML laws, and it was more of a technicality and point of view than anything, based on what I read I'm willing to bet if you asked the leadership at Ripple privately they would say they weren't at fault there, but that aside I don't think any declaration of Ripple ever having been a security is good for anyone and I don't believe it would be over quickly. There is no way to know for sure what these losses would total, but I'm willing to bet it could total in the billions of dollars. I don't know of any companies that are going to write a multi-billion dollar check without question and take it in stride. Money aside it would distract the company and leadership heavily.
    Also, keep in mind there is a difference between fines imposed by a Government agency and losses / damages to individuals. The losses and damages to individuals would be litigated in civil court and while I'm not a lawyer the thought of liability for "pain and suffering" would worry me. Imagine "My wife left me because I lost our home betting on XRP at $3.80 and its all Ripple's fault"
  25. Like
    slinuxuzer got a reaction from King34Maine in If XRP was a security (good outcome)   
    No just no. Ripple being found liable for securities fraud and having to refund "investors" money would become an albatross around Ripple's neck for a looong time to come. Nothing good comes of this, even if your bag was tripled it wouldn't matter because of the massive dilution and devaluation that would surely follow.
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