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EXARRPEE

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  1. Like
    EXARRPEE reacted to enrique11 in XRP/Universal income?   
    The US will never allow another asset like Gold, Silver, Stocks, cryptos to compete with the government's most important asset, the US dollar - it takes power away from government.  If they really cared about the US's well-being they would take more risks and allow the people more freedom, but politicians and government are more concerned about maintain their jobs, their budgets, making money, a significant number of which will be getting executive positions after leaving politics within firms whose lobbyists supported them.
    The US politicians who truly care about the people get a lot of opposition from lobbyists and other politicians supported by lobbyists and altruistic politician are basically unpopular within certain political and corporate industry circles, and they lack the financial and vote support from the constituents within their jurisdictions than those politicians that are back by lobbyists tied to firms with deep pockets.  Good politicians are basically being altruistic and not getting paid for it, other than their salary as a politician, and lobbyists, corporations have the money to attack them in ads, meetings, etc.
    Many politicians are ignorant because they don't have enough knowledge about the subject at hand to see through much of the lobbyists' bullsh*t, and because regular people have to work, regular people who are specialists in the fields that lobbyists cover don't get paid to appear at public hearings to contradict the absurd assertions of many clueless money-grubbing lobbyists that favor expanding corporate power legislatively at the expense of the American people. So generally lobbyists greatly outnumber regular people when it comes to getting the truth across to more politicians, so regular unpaid folk that specialize in the subject at hand can't get politicians to help block some of these extremely absurd and pro-corporate legislation. Also, many politicians go into lobbying after they leaving their political positions at the firms of the lobbyists that supported them - this is the reward for many politicians after leaving office:
    There are 535 members of congress (senate and house);.  The most popular job for a retiring member of congress is becoming a lobbyist.  434 former congressional members are registered as federal lobbyists!  
  2. Like
    EXARRPEE got a reaction from Tilly4Rilly in David Schwartz XRP Ledger Stablecoin Prop   
    So I never have to sell my XRP. I can just collatealize my XRP, issue a stable coin to myself, buy assets that generate income, then increase my position in XRP.
    I'm not HODLing. I'm NEVER SELLING.
    "Look at me. Look at me. I am the captain/bank now"
  3. Haha
    EXARRPEE got a reaction from Lamberth in David Schwartz XRP Ledger Stablecoin Prop   
    So I never have to sell my XRP. I can just collatealize my XRP, issue a stable coin to myself, buy assets that generate income, then increase my position in XRP.
    I'm not HODLing. I'm NEVER SELLING.
    "Look at me. Look at me. I am the captain/bank now"
  4. Like
    EXARRPEE got a reaction from cryptoxrp in David Schwartz XRP Ledger Stablecoin Prop   
    So I never have to sell my XRP. I can just collatealize my XRP, issue a stable coin to myself, buy assets that generate income, then increase my position in XRP.
    I'm not HODLing. I'm NEVER SELLING.
    "Look at me. Look at me. I am the captain/bank now"
  5. Like
    EXARRPEE reacted to jag216 in David Schwartz XRP Ledger Stablecoin Prop   
    If this gets implemented, this is absolutely history making, for reasons I stated in my comment on the video itself.
    tl;dr - if XRPL puts this is motion, the price of XRP is no longer a concern to me - the power of XRP on the global stage takes over.
    The only question is my mind is: who will be the first nation to put their own national stablecoin on the ledger and collateralize it with their natural resources.
    The very idea that asset holders effectively control the money supply by collateralizing or redeeming collateral against the coins - this is monumental. This technology makes the quantum leap from debt-based financing of the monetary supply to asset-backed currency but does it in a decentralized way where the incentives potentially keep the engine afloat - so long as there is a reliable price feed available that is not misrepresenting prices or is otherwise a bad actor.
    It puts a lot of power in the hands of the price indexes, but with the transparency of the ledger we'll be in a unique position to determine whether the price feeds are properly calibrated or not.
    The idea that the absence of a price feed prevents redemption and buying of collateral positions but places no restrictions in the transaction layer of the stablecoin itself is another stroke of genius - instability in underlying asset prices freeze the volume of money but allows the existing stablecoins to flow freely - this is a tremendous innovation in comparison to traditional gold-back currencies or other asset-backed basket currencies.
    Previously, it was possible for asset holders to pull their assets and effectively kill the money supply in a panic state, but by placing the price volatility sensor at the feed level, you can lock down the underlying value of the money while allowing the money at the consumer level to continue to function.
    I watched the video on my way to work and just slide after silde this presentation blew my mind in terms of the convention asset-backed currency problems it solves. I'm sure there will be new problems that it raises, but my hat falls to the ground to the JK if they are able to implement this on the ledger as he describes. It will allow responsible countries to soar - SOAR - into the new level playing field economy and there will be a flight to quality by other countries that will move so fast that our collective heads will spin.
    I look to the countries with the most natural resources and reserves and lowest debt to GDP - and it seems crystal clear to me who the likely candidates are to establish their stablecoin nationalized currency on such a system as DS suggests:
    Estonia Russia Saudi Arabia Hong Kong India I have said before in chats and on telegram that very soon the first tier digital asset layer will be entire inaccessible to the common retail investor, and markets for the masses will revolve around the trading and commerce of stablecoins built on the fundamental utility layers.
    1%ers in XRP will be playing in banking territory potentially, buying out risky collateral position in stable coin and earning premium on this.
    But it would change everything about how governments run finance - central banking has to get into a totally different car and let others drive - which is fascinating.
  6. Like
    EXARRPEE got a reaction from XRPboi in David Schwartz XRP Ledger Stablecoin Prop   
    So I never have to sell my XRP. I can just collatealize my XRP, issue a stable coin to myself, buy assets that generate income, then increase my position in XRP.
    I'm not HODLing. I'm NEVER SELLING.
    "Look at me. Look at me. I am the captain/bank now"
  7. Thanks
    EXARRPEE got a reaction from earth in David Schwartz XRP Ledger Stablecoin Prop   
    So I never have to sell my XRP. I can just collatealize my XRP, issue a stable coin to myself, buy assets that generate income, then increase my position in XRP.
    I'm not HODLing. I'm NEVER SELLING.
    "Look at me. Look at me. I am the captain/bank now"
  8. Like
    EXARRPEE reacted to KarlHungus in David Schwartz XRP Ledger Stablecoin Prop   
    Overall it seems good for xrp.  Any demand for the xrp-backed stable coins creates demand for xrp since they’re the collateral.  It creates a way to digitize other assets and use the speed and efficiency of the ledger, consequently moving more value to xrp....I think I have that right.
  9. Like
    EXARRPEE got a reaction from KarlHungus in David Schwartz XRP Ledger Stablecoin Prop   
    So I never have to sell my XRP. I can just collatealize my XRP, issue a stable coin to myself, buy assets that generate income, then increase my position in XRP.
    I'm not HODLing. I'm NEVER SELLING.
    "Look at me. Look at me. I am the captain/bank now"
  10. Thanks
    EXARRPEE reacted to Julian_Williams in Liquidity Index on Bitso XRP/MXN   
    Looks like a Pattern?
    Payments build towards the end of the month and peak at about 13 - 14th and then drop off
    Lets watch to see if the pattern repeats itself in October
     

  11. Haha
    EXARRPEE got a reaction from XRPboi in Brads Garlinghouse interview with J Chatterley CNN   
    Video Part 2 ~4:53 "I don't think anyone is position to really manipulate those prices." 
    That lip purse there at the end. Not sure he believes that statement.

  12. Thanks
    EXARRPEE reacted to JannaOneTrick in Breanne Madigan - OECD   
    GLOBAL BLOCKCHAIN POLICY FORUM
     

     
    I want to add 2 notes:
     
    If we refer to the current XRP liquidity in the Mexican corridor, we can assume there is approximately 500,000 USD going through it daily (2,170,000 XRP at best yesterday).
    This is exactly what Breanne said "half a million", and she said "if we want to start sending 10, 15, 100,000,000 USD, how are we scaling that liquidity?" @10:30
    That would represent a 200 times fold increase compared to today's XRP usage in that specific corridor.
     
     
    Then, Breanne stated they incentive MM through their structured contracts, to give them a motivation to start injecting liquidity.
    "But the way we structured these contracts is such that we leave an opportunity for new liquidity participants to enter." @10:50
    And because there are new participants, they see enough liquidity in the USD/MXN and so they do not need to further incentivize the market makers.
    I think it is correlated with the Q2 report in which it is said they would decrease the institutional sales as there is now enough liquidity to support the volume.
     
     
  13. Like
    EXARRPEE reacted to Tripple in Ron Hammond has joined Ripple as the Manager of Government relations. He was in charge of the creation of the Crypto Taxonomy Act.   
    So nice to have @Freaky and @djdhrubs in our midst; political and legislative heavy-weights with access to Ron Hammond's annual appraisals! Who'd have thought we'd be so lucky.

    Forum members should be flattered that these (I presume) extremely busy individuals are willing to devote so much time to correcting the measured views of the XRPChat community. We would otherwise be lost without being privy to the completely non-fictional, and certainly not defamatory, information that they are so altruistically willing to share. 

    Phew. I nearly made the mistake of investing in a major part of the future digital asset ecosystem, but now that you've written these posts I've decided that my money will just go to supporting alcoholics and has-beens...







     
  14. Thanks
    EXARRPEE reacted to Hodor in TestNet   
    Blog URL:  https://coil.com/p/Hodor/TestNet-Fun/VSJaznqPg
    The XRP Test Net awaits you, with complimentary accounts loaded with (faux) virtual currency.  Learn more in today's blog!
    I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so!  
    My blog announcement links on other platforms:
    Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread  
  15. Like
    EXARRPEE got a reaction from Cesar1810 in Ripple deal with Coinfirm could make XRP cryptocurrency compliant with AML world rules   
    Did some more research, I think I understand now but not certain. @Tinyaccount let me know if i figured it out. Drops do not have ID numbers/tags. The ledger keeps track of the balance of drops, not individual drops. Therefor fungibility of drops can not effected as they can't be individually identified. It is the wallet/address that can be blocked/blacklisted from transacting by exchanges/wallets/merchants? 
  16. Like
    EXARRPEE reacted to jockeyng in Xrapid transaction volume increase due to MoneyGram   
    Buying XRP low, sell XRP high, Profit! It will be the same as you and me.
    Facebook coin is not going to charge transmission fee, they earn interest from the fiat they hold. Transmission fee is so old school that once it is removed, it will be celebrated and gone forever. Can you imagine someone will charge you a small fee every time you send an email? How did gmail/outlook make back the money they served you to send free email? Business will discover that once the pie get bigger, they can earn much more money from somewhere else.
  17. Haha
    EXARRPEE reacted to cryptoxrp in You get a stablecoin! And you get a stablecoin! And you get a stablecoin! Everybody gets a stablecoin! 2020 will be the year of the Stablecoin!   
    My research completely endorses this excellent and elaborate study of the stablecoin.
    The stability of the stablecoin has earned it’s place in high finance because as stated earlier... the coin is very stable and (now for the hidden feature) creates a huge centralised ‘stable pool of fiat’ for the controller/supplier of the stablecoin to invest at it’s own discretion. A perfect technical solution for by example JP Morgan or Facebook. This huge ‘pool of fiat’ will be used to stabilize itself by investing in stable assets predetermined (and/or selected) by the supplier to be stable at all time.
    The solution is ideal in a sense that whenever a stable asset within the stablecoin value depreciates the supplier of the stablecoin remains unaffected and automatically the coin’s value resets to a lower value and stability is regained. Hence stability can allways be guaranteed at incidental lower values.
    Both JP Morgan and Facebook are renowned for their good practices in relation to trust, security and financial practices  as a whole. We hail them for their creative and inspirational leadership.
    In Europe you can buy stablecoins at house parties. We call them (plastic) party tokens with which you can buy all sorts of retail stuff and drinks during the party. When the party is over the tokens which you have not spend become worthless. Also you cannot get your money back when you have bought tokens. You have to spend them at the party (party ~ JP Morgan / Facebook). The resemblance is uncanny....
  18. Haha
    EXARRPEE got a reaction from GiddyUp in You get a stablecoin! And you get a stablecoin! And you get a stablecoin! Everybody gets a stablecoin! 2020 will be the year of the Stablecoin!   
    How many new stablecoins did we see in 2019? Now that FB has thrown its hat into the ring, I expect a flood of new stablecoin whitepapers to drop in 2020. Get ready for the stablecoin Bubble!
    What does it take to make a stabelcoin? Not much, I suppose.
    https://sifted.eu/articles/monerium-challenges-facebooks-coin/
    There is going to be a land grab in the not too distant future, Libra may not even be a top contender. All the big players are going to choose sides or create their own. Consumers will start shopping around for the ‘Best’ Money. The public will become increasingly more aware of how their money functions in the economy and the the risks associated with the money in their wallets. All these stablecoins are going to have to start offering users benefits other than accommodating value transfer IE passing interest on deposits onto the holder. Good-bye traditional banks! The competition for money will be intense. The flood of new entrants will cause a call for regulation. Expect central banks to hop on the bandwagon. There will soon be a flood of old money into the new IoV. And it’s going to happen quick.
    Best news of all is… I know this great bridge asset that will help exchange value between all these new networks.
  19. Like
    EXARRPEE reacted to Panopticon in Libra VS XRP   
    A consumer oriented micro payments coin (like Libra which will go live...in a couple of years and all we have is whitepaper) cannot be a threat to an enterprise settlement/utility token (like XRP which has an actual usecase). Unless of course you believe that banks will start sending millions to other banks using Whatsapp or something.
  20. Like
    EXARRPEE reacted to MKH613 in Libra VS XRP   
    Saw this
     
    it’s still extremely early to divine how Facebook’s Libra will play out. The company has launched many a program met with fanfare that ultimately sputtered and died. While Facebook does have a few big names at its side for this launch—including PayPal, Visa, Mastercard, Uber, Spotify, and others—there are a few notable omissions that could prove to be huge hurdles. Apple, Amazon, and Google are not listed as “founding members” in Libra’s white paper, for example. Neither are any banks. As FT Alphaville points out:
    Don’t presume the presence of the more successful payment incumbents necessarily means their interests are aligned with those of Facebook. $10m isn’t too hefty a price tag for insider information about what Facebook is planning and/or a vote at the table when the time comes to sabotage the system. Everyone else of any note is either a loss-leading company yet to make a profit, a VC, a blockchain company, or an actual non-profit.
  21. Haha
    EXARRPEE got a reaction from pucksterpete in You get a stablecoin! And you get a stablecoin! And you get a stablecoin! Everybody gets a stablecoin! 2020 will be the year of the Stablecoin!   
    How many new stablecoins did we see in 2019? Now that FB has thrown its hat into the ring, I expect a flood of new stablecoin whitepapers to drop in 2020. Get ready for the stablecoin Bubble!
    What does it take to make a stabelcoin? Not much, I suppose.
    https://sifted.eu/articles/monerium-challenges-facebooks-coin/
    There is going to be a land grab in the not too distant future, Libra may not even be a top contender. All the big players are going to choose sides or create their own. Consumers will start shopping around for the ‘Best’ Money. The public will become increasingly more aware of how their money functions in the economy and the the risks associated with the money in their wallets. All these stablecoins are going to have to start offering users benefits other than accommodating value transfer IE passing interest on deposits onto the holder. Good-bye traditional banks! The competition for money will be intense. The flood of new entrants will cause a call for regulation. Expect central banks to hop on the bandwagon. There will soon be a flood of old money into the new IoV. And it’s going to happen quick.
    Best news of all is… I know this great bridge asset that will help exchange value between all these new networks.
  22. Like
    EXARRPEE got a reaction from hallwaymonitor in Brad Garlinghouse talks about libra and moneygram at @FortuneMagazine’s #BrainstormFinance   
    Why haven't the institutional investors entered the market?
    - They are subject to regulations that limit the types of assets they are allowed to hold. Clear taxonomy and regulation will solve this. 
    - Volatility - financial tools that offset risk will minimize this (thus all the excitement for Bakkt)
    Facebooks Libra whitepaper showed it isn't terribly difficult to start a stablecoin. Just get some partners with some cash, head to Switzerland file some papers to start a organization to manage it, then just figure out the % of what fiats you want to back it. All the big players are going to either join a faction or start their own, the race is on. 
  23. Thanks
    EXARRPEE got a reaction from panmores in Brad Garlinghouse talks about libra and moneygram at @FortuneMagazine’s #BrainstormFinance   
    Why haven't the institutional investors entered the market?
    - They are subject to regulations that limit the types of assets they are allowed to hold. Clear taxonomy and regulation will solve this. 
    - Volatility - financial tools that offset risk will minimize this (thus all the excitement for Bakkt)
    Facebooks Libra whitepaper showed it isn't terribly difficult to start a stablecoin. Just get some partners with some cash, head to Switzerland file some papers to start a organization to manage it, then just figure out the % of what fiats you want to back it. All the big players are going to either join a faction or start their own, the race is on. 
  24. Like
    EXARRPEE reacted to Danny in Libra VS XRP   
    Exactly. Apples and oranges. 
  25. Like
    EXARRPEE reacted to ADingoAteMyXRP in Libra VS XRP   
    I can see it competing with retail banks, maybe -- central banks no way. But I do think stablecoins are the future of retail banking. If I have $500 in Tether, that's roughly equivalent to holding a $500 balance with Tether Bank.
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