Morty

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  1. RippleTwister liked a post in a topic by Morty in significant sell off   
    Don't tell her! 
    My wife is panicking about the price and I bought in at half a cent.
    Live lean for 6 months. 
  2. Morty liked a post in a topic by Byrd in XRP Makes Ripple The 5th Richest U.S. Startup   
    If XRP were factored into the company's valuation, Ripple would be worth more than all but four U.S. start-ups — Uber, Airbnb, Palantir and WeWork.
    http://www.cnbc.com/2017/05/26/bitcoin-rival-ripple-is-sitting-on-many-billions-of-dollars-of-xrp.html
  3. mars75 liked a post in a topic by Morty in Consensus: Something New will be demo'ed. What Do You Think It Will Be?   
    @JoelKatz gonna order a pizza and eat it live on TV. Then he's gonna wipe his mouth on $100 bills and throw them in the garbage. 
  4. Morty liked a post in a topic by DarthTrader in Miguel's Panel at Consensus 2017   
    Thx for share it Miguel did a very good jop but this monero guy is just a big clown. I will follow his last words: dont buy monero. The only advice i'm gonna follow
  5. Morty liked a post in a topic by Xi195 in Miguel's Panel at Consensus 2017   
     
  6. UrzasLegacy liked a post in a topic by Morty in The BIG chatbox poll   
    Maybe a poll about should there be a poll about a poll about chat box polls?
  7. TorusNC liked a post in a topic by Morty in If someones got a private chat somewhere....   
    There has been some talk in the moderators lounge about the zerpbox. There is a lot of noise and It actually consumes a lot of bandwidth and is costing xrpchat a lot of money. 
    One idea was to charge zerpbox users a low monthly subscription fee. 
  8. TorusNC liked a post in a topic by Morty in If someones got a private chat somewhere....   
    There has been some talk in the moderators lounge about the zerpbox. There is a lot of noise and It actually consumes a lot of bandwidth and is costing xrpchat a lot of money. 
    One idea was to charge zerpbox users a low monthly subscription fee. 
  9. TorusNC liked a post in a topic by Morty in If someones got a private chat somewhere....   
    There has been some talk in the moderators lounge about the zerpbox. There is a lot of noise and It actually consumes a lot of bandwidth and is costing xrpchat a lot of money. 
    One idea was to charge zerpbox users a low monthly subscription fee. 
  10. Morty liked a post in a topic by Malloy in If someones got a private chat somewhere....   
    Easy solutions.
    First, you're too nice, warn once than ban!...you don't need to engage for hours with pro-trolls.
    Second, if they want to talk about CrapyCoin, there's already a section for that (Alt-Coins or Off-Topics), send them there, they don't go, ban!
    Third, any new member should have a "can't chat" period of at least a week. If they have questions, search topics, contribute. If they spread FUD, ban!
    If some intruder in your house was badmouthing about your family, would you not ban! them out of the house...so don't be shy. A clean forum retains old members and attracts new contributors....the opposite is also true and we're there now...good contributors will be leaving if not already....so...ban! the trolls.
  11. TorusNC liked a post in a topic by Morty in If someones got a private chat somewhere....   
    There has been some talk in the moderators lounge about the zerpbox. There is a lot of noise and It actually consumes a lot of bandwidth and is costing xrpchat a lot of money. 
    One idea was to charge zerpbox users a low monthly subscription fee. 
  12. TorusNC liked a post in a topic by Morty in If someones got a private chat somewhere....   
    There has been some talk in the moderators lounge about the zerpbox. There is a lot of noise and It actually consumes a lot of bandwidth and is costing xrpchat a lot of money. 
    One idea was to charge zerpbox users a low monthly subscription fee. 
  13. TorusNC liked a post in a topic by Morty in If someones got a private chat somewhere....   
    There has been some talk in the moderators lounge about the zerpbox. There is a lot of noise and It actually consumes a lot of bandwidth and is costing xrpchat a lot of money. 
    One idea was to charge zerpbox users a low monthly subscription fee. 
  14. Morty liked a post in a topic by T8493 in David Schwartz (@JoelKatz) working with third party on high quality wallet (and other XRP related projects)   
    You have safe mechanisms, but you need to know what are you doing.
    Report theft to the police, David has nothing to do with this.
  15. Morty liked a post in a topic by zero-2-9 in David Schwartz (@JoelKatz) working with third party on high quality wallet (and other XRP related projects)   
     
    Interesting excerpt from the Zerpbox (so many messages nowadays that one easily misses the interesting ones):
     


     
    The XRP ecosystem desperately needs high quality trusted wallets. JK involved in such a wallet would add a seal of trust that imho is very important. We´re spoiled with great news recently, but I think this is fantastic news. 
     
  16. Morty liked a post in a topic by snowpar in What are our regional tax situations for XRP?   
    Note: Nothing posted here should be considered tax advice and each individual should consult a tax professional in their country to determine implications of buying and selling any digital assets. These are my personal opinions and nothing else. 
    I'm based in the US, and I believe the IRS made a mistake in the classification of cryptocurrencies and digital assets. Digital assets are currently considered "property" similar to an investment in real-estate. 
    Under the current guidelines, it's not clear if converting one digital assets to another would be considered a taxable transaction (e.g. converting XRP to XBT or ETH). However, some may argue the conversion from one digital asset to another should be considered a like-kind exchange. It's fairly safe to believe converting a digital asset to fiat would be considered a taxable transaction. 
    Given the uncertainty here in the US, it would be a good idea to keep detailed records of all purchases, conversions, and any digital asset to fiat liquidations. In order to obtain favorable tax treatment (long-term capital gains), you'll need detailed transaction records similar to security trades (e.g. stocks, mutual funds, etc). Just because transactions can be verified on a blockchain or ledger, you'll still be responsible for identifying which specific transactions apply to your conversion or liquidation. This would be similar to identifying share lots for stock sales (e.g. FIFO, LIFO, or identifying highest cost basis stock in order to reduce the tax treatment). You also want to keep track of transfers between your own wallets, like from Coinbase to GateHub, or transferring assets to a cold wallet or Ledger nano. 
    Once digital assets become more mainstream (and I truly believe it will happen....eventually), the IRS will likely need to change how they are categorized for tax treatment. Under the current rules, if Starbucks accepts Bitcoin or Ripple, purchasing your latte would be a taxable transaction. Talk about a headache if everything you purchase becomes a reportable event. In addition, at least for now due to price volatility, the time of day for the transaction matters since conversion prices can vary dramatically. It's even more of a potential headache for those that are paid wages in digital assets. 
    Given this, the IRS will likely need to change categorization or allow for a De Minimis transaction amount without taxation (e.g. under $10,000 would not be reportable but larger amounts would). The IRS could also consider them just like other foreign currencies where you can exchange amounts for spending, like on a trip to Tokyo or London without being taxed, but if you hold another currency as a capital asset, it's taxed at capital gains rates (short or long-term). 
    In the US, one potential strategy to possibly avoid taxation on future gains of digital assets, is holding them in a Roth IRA. I say possibly because the rules for doing so are complicated, and it assumes the IRS does not change those rules sometime between now and when you'll need the assets. 
    I'd prefer the rules change regarding digital assets before I ever consider "avoiding" the current tax structure. In the US, the IRS doesn't care where you earn money from, just that you pay taxes. Remember, Al Capone was captured for tax evasion.
    This is still a very nascent industry and the current rules are playing catch-up. I believe digital assets have a strong value propositions (at least some do), but you'll still have organizations like the IRS, SEC, and FinCEN trying to exert their level of control. This one of the reasons I'm impressed with Ripple. It seems as if they are attempting to address regulations carefully with he acknowledgement the current regulatory bodies are not just going to disappear overnight and let digital assets run wild. As much as this technology can do for economies, if the IRS or SEC implement some ill-advised rule, it could easily delay the wider acceptance of digital assets. 
    Moral of the story is keep good records, hire a professional to discuss tax-minimization strategies and potential changes to the tax code. If you're eventually in the position of needing to worry about the very large potential tax bill, we should all be very happy. 
    IRS Notice 2014-21 Re: Virtual Currencies: https://www.irs.gov/pub/irs-drop/n-14-21.pdf
    IRS rules on capital gains: https://www.irs.gov/taxtopics/tc409.html
  17. Morty liked a post in a topic by T8493 in 50 XRP, must be minimum in the wallet to make exchange   
    You always need to have some minimal amount of XRPs in your account: https://ripple.com/build/reserves/ 
  18. Morty liked a post in a topic by JoelKatz in Ripple price affected by bank failures?   
     
    XRP's not bank based. Ripple just happens to be working to promote XRP as an intermediary currency for international payments. If we're successful, a reduction in international payments volume or demand could hurt XRP demand.
    Though it's not part of Ripple's strategy, with the recent increase in value and liquidity, more people and companies are starting to look into using XRP for applications they would otherwise use bitcoin for. This is even more dramatic because of bitcoin's high transaction fees, high backlog, and slow confirmation times. Some people are seeing XRP as "like bitcoin, but better". It's true that bitcoin has some advantages over XRP, but those advantages don't seem to really make an immediate, practical difference.
    The number of stakeholders is growing and what Ripple thinks XRP should be used for could come to matter less and less. Of course, if we're more successful than others in promoting XRP for international payments, then we'll matter a lot. The point is that it's not just us.
    I'm not sure I share your conclusion that the price of BTC or ETH wouldn't be affected by a global financial crisis. Certainly a reduction of money to put into these systems would affect their value. Lots of people might cash out to cover lost retirement funds, for example.
    I honestly don't think it's easy to say what effect a crisis would have on any of these currencies and it might depend a lot on the specific type of crisis.
  19. Morty liked a post in a topic by JoelKatz in Why would Ripple allow such crazy volatility?   
    The more liquid XRP is, that is, the more value you can buy or sell without significantly moving the price, the more markets it can target as a vehicle currency. Price and liquidity tend to correlate very well. This increase in price, and corresponding increase in liquidity, make it that much easier for us to promote XRP as a vehicle currency and intermediary asset.
    Also, remember that this is just the use case Ripple is pursuing for XRP. The recent increase in market cap and liquidity will probably greatly increase the number of other companies pursuing other use cases for XRP.
    All of these things can increase the value Ripple may ultimately be able to get for its stockpile of XRP. We do care about that a little.
    Lastly, the only way we could have stopped it would have been to flood the market with XRP. Imagine if we had done that and this was just a small pump and dump. The price would have crashed quickly and what could we have done to fix that? We had no way to know what was going to happen.
    Honestly, I'm pretty thrilled about the increased revenue and attention that we're getting. The improvement in the personal finances of a lot of people who believed in us makes me feel pretty good too.
     
  20. Morty liked a post in a topic by thunderw in ***THE GREATEST XRP ARTICLE EVER*** - Huffington Post   
    Huffington Post...this guy just NAILED it ! Don't know where to start with quotes...guys pls help me! I'll start:
    "We’ve heard from sources that regulators themselves are behind-the-scenes pushing for big banks to adopt XRP. The regulators are asking banks to adopt XRP. Let me repeat that because of how significant it is: the regulators are calling for banks to use XRP. Follow Ripple closely enough and you’ll see why."
    ...and...
    Ripple CTO: “Before the last six months, it was always us pushing XRP. Now it’s become more of a pull where banks are actually asking us to do more with XRP faster because they’re starting to recognize the benefits and they’re wanting to implement them sooner."
    AM I DREAMING!?!?!?!!!
     
  21. Eik liked a post in a topic by Morty in Why Ripple will pay XRP to market maker?   
    Check out my cool looking airplane 

  22. Morty liked a post in a topic by XRP200 in Market cap (by total supply)   
    I can only imagine the psychological shock people will go through when Ripple moves into the number one spot. 
  23. Morty liked a post in a topic by Eik in Market cap (by total supply)   
    Ok, ok, it is market cap by total supply.... but already a preview to get used to how it will look like in the near future

  24. Duke67 liked a post in a topic by Morty in Should i sell half my BTC to buy XRP?   
    The total market cap for all crypto is rising at something like a billion dollars a day.
  25. mars75 liked a post in a topic by Morty in Consensus: Something New will be demo'ed. What Do You Think It Will Be?   
    @JoelKatz gonna order a pizza and eat it live on TV. Then he's gonna wipe his mouth on $100 bills and throw them in the garbage.