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About Xrylite

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    Software Engineer
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    United States

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  1. I keep having to chant the same thing all the time. The only thing that has me holding on is that Ripple is still implementing their solution into new business all the time. The moment that they start getting removed and replaced is when I'll be forced to consider other options. I truly want this growth to eventually be the new norm to where businesses need Ripple to stay competitive. I'm just disappointed that years can go by without the value representing the growth and real-world implementations. I'm raw to the statements that claim that this is normal... that next year is definitely t
  2. In specific regards to market cap, you're absolutely correct that if half a crypto's supply was burned, the market cap at that moment would also be halved. A large reason why they didn't suddenly drop way down in market cap is that it doesn't seem like what they burned was ever in the circulating supply (which is what we use to determine market cap). Since there's a smaller maximum circulating supply, that scarcity should drive up the price. If I like XLM at $0.08 each when I anticipated a 100B supply, then it's reasonable to say that I'd accept XLM at $0.16 each if the supply was half as
  3. These are the statements that keep needing to be reiterated every time this topic comes up. Anything that removes circulating supply will yield a price increase as a whole. However, it is impossible for someone to remove their crypto from the supply, but also come out profitable. Imagine the following scenario where Stellar Foundation owns 80B XLM, while you own 20B XLM: +--------------------+--------------+--------------+-------------+ | Who | Supply Owned | Market Value | Net Value | +--------------------+--------------+--------------+-------------+ | Stellar
  4. "use" and "sell" are unfortunately the part that's unverifiable. I must admit that I'm pretty proud of the community for not just opting in because free things are free. There are probably legitimate people that may actually use them for their purpose. Assuming they're confident in the people behind the product, storing BitCoin on any secure hardware wallet is better than an exchange. That's exactly it. There's a pretty expansive ravine between people who believe in XRP and people who believe in BTC. Nothing wrong with believing you can hold BTC for profit, but I don't think most peopl
  5. Just need a community vote to rename our beloved crypto to EXRP... or AxeRP? Sponsorship? Free samples?
  6. These are the two main points to take in. The first is that Ripple, the company, doesn't have any control in what you do with your XRP. They're also unable to recover it for you if you lost your secret key; or if someone stole your XRP and moved it to their own wallet. Ripple simply develops software to help XRP function. It would be unacceptable for any crypto solution, including the XRP Ledger, to allow a third party determine whether your crypto is legitimately yours or not. As for freezing funds, when people refer to "exchanges", this isn't something that any exchange can do. It
  7. Headlines or, in this case, brief one-liners catch more attention and sway minds more than the deceptive details they could detail. Although I'm a bit skeptical on this one, there could certainly be factual statements being made, but they know that the first impressions a reader gets are going to be what they want you to believe. It's like if an article headlined "4 out of 5 dentists agree that a metal file is more efficient than brushing!". There are so many ways that can be factual, but still deceptive: Is this for removing rust from a pipe? Are these dentists still pra
  8. In exchange services that are extremely focused on swapping one currency for another, the amount usually does impact the exchange rate. In this case, it doesn't appear so. From my walkthrough of both services, you'd get about $7 more through by going through Western Union because of the better rate. However, they do mention that it can take between 0 and 7 days. Yeah, by default, Moneygram was preset to cash pickup and had a much worse exchange rate. However, doing the same with Western Union took a notable exchange hit too. This is a good example of how there are hidden fees in the ex
  9. Yeah, it does seem weird, but it looks an awfully lot like it's just numbers in scientific notation. I'd agree with @Mr_Rippling that it is likely a formatting mishap, especially since these numbers appear to be small. Even if it were in the millions or billions, usually they just label it as "in numbers of millions". So, you'd know a label of 5 stood for 5,000,000. Assuming this is the case (essentially, each step is ±200,000): +4.E + 05 = 400000 +2.E + 05 = 200000 0.E + 00 = 0. -2.E + 05 = -200000 -4.E + 05 = -400000
  10. I ran the picture through Yandex Translate to get an idea of what the English labels would be. I'm not knowledgeable for certain, but some Googlin' suggests that Liquidity Index is generally how smooth their assets flow from one to another. So, maybe the negatives suggests a financial burden, whereas the positive suggests less friction (to use Ripple's slogan term).
  11. This is also an important note for anyone who uses exchanges services that claim to have no fees. Odds are if they have no fees, then their exchange rate will have a bigger gap to get that money anyway. There's no global exchange rate that everyone follows, so don't expect a fee-driven service to match what you'd find online either. I've had experiences in the past moving USD to CAD and the biggest factor of who I went with ended up being based on the exchange rate rather than the fees. I understand and accept that they need to make some sort of money to stay a business, but it is unneces
  12. It may just be initial reaction to the quote snippets provided, but I don't really like the "unified" term. It sounds like they have a negative connotation to crypto as a whole, which suggests they don't understand it well enough. Yes, crypto can be used for illicit things, but so can money, gift cards, physical goods, or whatever else is a barter-able commodity. If anything, they should be more concerned by privacy-driven crypto if the whole KYC is the main concern.
  13. Massive respect for making such a logically sound and convincing statement. I thrive on logic and feel like I must agree that this may need to be the outcome that happens. You can absolutely see how crypto that aims to be anonymous can be a whole different maze in the legal realm. Yes, everyone would want some fairness and equality for everyone affected, but there's a dangerous line when it comes to the legality of decisions. Since we could track whose XRP moved where, we'd know exactly whose money was recovered. The only hurdle would be if all that money was sent to a single wallet, and
  14. I'm not shooting down the conspiracy that there's a reason for the same names, but it's also possible they like chanting these names so that people like us can be supporters of that type of partnership. If big companies saw that support and it yielded belief that it could increase profits, they'd be more on-board than if the company just said "believe us, this will help you." We're all hoping for one of these names to jump on board since it would be a gamechanger and bring crypto as a whole to even more topics of discussion.
  15. Just to be clear, I'm absolutely with you on your statements. Some people might have lost just one day's pay worth of money. However, others may have stored their emergency savings, personal loans, or possible even friend's or family's crypto investments to avoid having to teach everyone how to get into crypto. If GateHub has the finances to reimburse in full, that should be what they do. My only contesting stance is if paying everyone back immediately guaranteed bankruptcy, it's a bit hard to assume they'd make a moral action like that and destroy a business. Instead, it seems reasonable
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