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Frisia

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  1. Well expressed xrp-nuke. Flare is a good example of these projects.
  2. Let's not forget that the banking system with Swift and therefore the US, is in control of world wide payments including sanctions to those countries or organizations that do not fit in their agenda for whatever reason, right or wrong. Alternative payment systems bypass this control system created by the banking establishment (GS, JPM etc), which makes them nervous obviously... So yes I can understand that some forces are working behind the screens against Ripple & Co.
  3. Well this is exactly what makes me suspicious. If everyone says that the crypto market will go up, I prepare for the opposite. With preparing I mean mentally because I don't act unless we reach new time highs...
  4. He, as an ex chairman of the SEC, even has the courage to say, when he's asked about participations on conflict of interest, "I'm not sure about that...". This thing gets worse by the day and I'm glad this snowball starts to roll downhill. Let's see if this gets examined thoroughly.
  5. It's not only AML but also the matter of credit risk and counterpart risk regulatory reporting. As of today many processes are in place to report on risk to regulators and even if this risk (FX, credit, counterpart, country, systemic, operational) is significantly reduced it's not zero. Where all these types of risk are embedded in reporting requirements (Basle), for crypto & therefore ODL there is not a single rule on how to quantify these risks. So the banks need some "borderline workarounds" in order to handle these processes that foresee the use of crypto/ tokens.
  6. If I understood Quintez well these borders have already been established. Crypto is a type of commodity unless it is sold as an "investment contract". Only in that case the token would enter into the jurisdiction of the SEC. Is this the main question and of course the reason of "sharpening of knives" between commissions?
  7. Well that would mean that Hinman did not reply to the questions that were pre-agreed between Ripple and SEC. That would be weird right? I think those questions that were agreed in advance would focus on the matter into which extent this speech was agreed or checked in advance by SEC members/ staff and for that reason cannot be defined as purely personal opinions.
  8. Yes that's true, but traditional banks are never first movers, except some banks with an innovative branch (e.g. Santander). So this was destined to happen and was (and still is) a risk. However, the "contingency strategy" to focus first on remittance, which better suits the low value high volume payments building strategy, in my view is a better approach at the end. This is bringing innovation to the payment services sector, also forcing banks to follow that road, either by partnerships with payment services companies, or developing services by themselves.🐌 The whole payment services industry will be reshaped thoroughly and we don't know yet what the outcome will be and what the impact will be on the banking industry. I'm absolutely certain that banks fear fintech companies more than anything else and I know this as an ex-insider... But indeed the clock is ticking.
  9. I think this article pretty well summarizes recent discussions on BTC (e.g. resistance at 42k & support in the 28-31k region) and overall crypto market figures. This is one of the few writers that I read once and a while: https://cointelegraph.com/news/bitcoin-technicals-how-low-will-btc-price-go-after-failing-at-42k-resistance/amp
  10. We're close to the critical area that you often mentioned (about 42k if I remember well). What's your idea? Are we still under that threshold?
  11. Well we all know you because of your pessimistic views which have often become realistic scenarios. So you deserve some attention. I have learned to read and appreciate your comments notwithstanding the "🤣🤣🤣".
  12. I have some XLM for diversification but actually I'm not happy with the project and therefore with the investment. Regarding the acquisition honestly I don't understand: 1) how Moneygram could be happy with such a takeover for the lack of management qualities you have mentioned. I wonder if we should see this as a hostile takeover... 2) why would the Stellar Foundation acquire a specific payment services company like Moneygram? The same competitive reasons that we discussed when Ripple bought a stake in Moneygram come to my mind. How can they explain that to other contracted payment companies? It seems to me a bad move perhaps driven by the need to gain a slice of the remittance pie. Furthermore Stellar is lagging behind in the creation of corridors, liquidity, contracts with customers as well as with exchanges/ Money Makers which takes years. The patent issues (ODL/LOC) as mentioned by others, are obviously on top of this. I don't see how Stellar could keep up with Ripple even considering a possible temporary "advantage" in the US due to the SEC matter.
  13. Well Bryan Brooks thinks that settlement is a probable outcome in order to "settle" the initial asset distribution, see 2:32 of @CryptoEri's latest video. Even if he talks prudently in generic terms, reading between the lines, he doesn't think that that present status of XRP is a security since the token has a use case and because of the decentralised nature of the token.
  14. Not from BTC but for BTC action. The lines seems negatively correlated, so could it be that the money went into BTC?
  15. Wasn't this the same guy (Sen Darren Soto) who promoted the Token Taxonomy Act somewhere late 2018? What happened with this act (and others)? I assume they need to be discussed in the Senate in order to get an approval...
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