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Everything posted by Archbob

  1. I'm not sure if the underdeveloped countries would have access to it, especially because their currencies won't be in the basket backing it.
  2. That's also not true. Some of the smaller CBDC's won't have the liquidity and will still need a bridge. In other words, its pretty much the same as now, the illiquid markets will still need a bridge. And some of the smaller countries might choose to issue on XRP ledger, but none of the major powers will. Look at San Marino, they issued their CBDC on Vechain.
  3. XRP isn't a stablecoin and therefore can't be a CBDC. The IMF has stated multiple times that a wholesale CBDC has to be backed by a basket of Central Bank currencies. That is not what XRP is. The IMF may issue it, but its far more likely that they will have the countries collaborate and build it themselves than use a public coin that is already out there. Major government and countries have plenty of technical people. If casino coin can copy XRP's technology and start their own blockchain that is almost exactly like XRP ledger, I'm sure the major countries and organizations can figure it out too.
  4. No, There are many CBDC's in development and have been for a few years. None of them are on XRP ledger or any public blockchain. They are all on their own blockchain or a permissioned Blockchain like Corda. Powerful government are going to want 100% control over the platform or protocol for their currency system. Look at China. They did not use XRP ledger, Vechain, or anyone else. They just built one themselves. They might use ILP for transfers but they won't use XRP ledger to issue their currencies.
  5. No, I don't think so. I think it'll pump to $5 or $6 and then dump to maybe 50 cents again. Its the same cycle as last time. Except the % gains for the top coins across the board will be lower than last time. The dream of $50 or $100 xrp aren't gonna happen but it will go up with everything else. XRP is just another coin and will behave like one. Its not some super special gem.
  6. Its already pumped from .005 to 22 cents now. Is not that enough pump based mostly on hype?
  7. yeah, but they haven't risen nearly as fast, I rented in the early 2000s as well, the price didn't go up that much where I am.
  8. No, housing includes both rent and buying. Renting probably has become more affordable in most places while buying a house may have become more expensive.
  9. Someone else brought up this graphic: "Average Hourly earnings" fall in the middle of the pack. There are things that got more expensive. However, many things like food and clothes got less expensive. Housing is actually below earnings, probably because rent is comparatively cheaper than it was.
  10. Looks like "average hourly earnings" falls in the middle. Housing probably includes rent as well.
  11. When I'm talking about these things, I'm usually referring the US numbers, because I live in the US. And while, you are right, that housing does cost more in the US now than 1950, its not as far off as the UK or Australia. In the US since 1970, the average house has gone from 3.3x salary to 4.4x salary, an increase of about 33%, which is substantial, but not nearly as bad as UK, or Australia. The main things that have skyrocketed in the US is tuition and healthcare.
  12. Well, working at McDonalds isn't the average salary for a family. the average salary is around 30-35x what it was in 1939.
  13. The average income in 1939 as listed was $1,731. You get 10x that working at McDonalds per year nowdays.
  14. Yes, the average income has grown immensely since 1939 as has everything else. Things like Milk and Bacon and actually cheaper relative to income now than in 1939.
  15. You could never really buy a house with "wedding money". You are lucky if the wedding money and gifts cover the cost of the wedding. This has been true for a long time. The inflation on housing outside of a few major cities isn't really that bad. House prices in most places have perhaps doubled in the last 30 years and is fairly on par with salary. In fact, real purchasing power of Americans has stayed pretty much even since 1950: https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ You basically lack any knowledge or have any statistics to back up your assertions, as expected. Most large businesses currently and always have relied on investors and/or some loans, that hasn't changed. If you plan to run anything larger than a lemonade stand, loans and outside investors are a good idea. What you shown Xill, is a true lack of real knowledge, backed by any substantial studies and a heavy reliance on Youtube research centered on buzzwords.
  16. My guess is that KYC/AML will signifcantly increase costs for all Fintech startups, regardless of how efficient they will be. XRParrot(wietse wind exchange) had to close because of new regulations. People are always waiting for 'regulations' in crypto as if it has to be good. Some of them can be downright bad. As for physical fiat, I really haven't used it that much in the last decade either. Everything is going digital and transferring money doesn't involve physically moving anything, its just a debit/credit system. That's why is liquid corridors where there are plenty of market makers, I don't really see the need for a bridge currency. But physical fiat is still needed, as least in case of emergency. What happens if there is a blackout in a city or a region? Do you just completely stop doing transactions?
  17. I have some XRP, but a large part of the stack is in swing trade, Holding just isn't the best strategy.
  18. Most of the smaller corridors that Ripple/XRP are targeting aren't in the G20 so they may not have access to these new developments. XRP will still be used on the smaller corridors. That was kind of their plan all along.
  19. I've been saying that central banks are going to make a multi-national CDBC for a long time: https://www.theguardian.com/technology/2020/jan/21/bank-of-england-to-consider-adopting-cryptocurrency Plans are underway.
  20. Amazon's stock price is directly tied to its value as a company. XRP's price is not tied to Ripple's worth as a company. Ripple just got valued at $10 billion, XRP did jack squat.
  21. It wasn't dismissed, the judged is going to take time to think on the ruling, read the entire twitter thread.
  22. Or they got a better offer somewhere else. If someone is offering to double my salary, I'm gone.
  23. No, only Youtube and twitter junkies believe that hype. The rest of us are looking for smaller gains over a shorter period of time because we know that hype is bullcrap.
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