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AsYouWere's Achievements

  1. I've been wondering this too. I already have a small trading stash on Bitstamp. But should the Holy Pump come that many here are hoping for (I'm talking 2017-style 100% a day, exchanges crashing, cats and dogs living together, levels), would we expect there to be enough liquidity on the dex for XRP/USD(Bitstamp) to cash out large-ish amounts - say 5 or more figures - from a hardware wallet directly to USD IOUs in XRP Toolkit? Or would we - the XRP holders - be likely to clear the order books, driving the price down on it, given I'd imagine it's mostly only XRP holders who are using the dex, and likely all wanting to sell at the higher prices? Would there still be incentive for market makers and general buyers on it? My feeling is the ones who will be causing the pump will be fomo-ing in on the big centralised exchanges, not a "niche" decentralised one. So is it perhaps safer then to preload the XRP from the hardware wallet to a centralised exchange prior to any major action and get the sell orders set up, with the possible risk of said exchange going down in an overload and missing those orders? A guess a mix of the two would be prudent, but I'm interested to hear people's thoughts on the liquidity side of using the dex in times of great volatility.
  2. Preaching to the converted there my friend I've been following along and am well aware of the damning evidence that the dedicated sleuths have been digging up. My point was that as epic as that thread was, to a lay-person not knees deep in the case - which, to be fair, had to be the target of the thread to spread the word - everything he said was unsubstantiated without putting the onus on the reader to then do their own research. If he'd added a TinyURL or some such device to each statement, linking to the evidence, it would all be immediately verifiable to anyone with a passing interest. I just feel it was a perfect opportunity lost to slam-dunk the message to a wider audience. It truly was a fantastic read and really contextualised for the first time (that I've seen) Joe Lube and co's slippery manipulation of those in power and the ultra-buffoonery now on clear display by those being manipulating.
  3. Not saying I don't agree with the statements, but when you bold out the words FACTS and NOT IN DISPUTE, I sure would have liked to see all those facts clearly cited to give the argument more credence to those not following the case. Especially coming from a lawyer who has all that evidence to hand. Edit - I was specifically referring to John's use of the capitalisation, not yours HAL. Noticed that wasn't clear
  4. If you have free minutes on your phone, you can use https://www.zipcall.com/international-calls/, then dial in with the international number. I'm listening in from the UK now for freeeeee (Just add 01 before the 409 in the number above)
  5. Fair play, the analogy may have been a bit laboured. But when I was first getting my head around all this - as someone that never studied economics - the concept of a liquidity provider as a key ingredient of utility pricing was alien to me, and a little hard to wrap my head around. I was just hoping to make that easier to understand for the OP, extrapolating from their original perspective.
  6. I thought that was an interesting analogy of this classic concern, and one that will be a main driver of price in the long run. What if there are only 5 of the "things" (i.e. XRP) in the store (i.e. an exchange), and an order for 50 come in before you return your 1 thing? Your return isn't going to help the store in that instance. That store is going to need a supplier parked outside (i.e. liquidity provider) with a huge truck filled with "things" on hand in order to cope with spikes in demand. That supplier cannot source "things" instantly, so they will need to hoard a lot of them. With a fixed supply, this will cause the base price of "things" to increase. Supply and demand. Now multiply that up to a vast proportion of people in the world needing these "things" in some capacity or other. There's going to need to be an awful lot of trucks parked around to satisfy demand. That's what I'm banking on anyway.
  7. If your aim is to get them all offline, then yeah, I'd probably convert them to euros and send on to an exchange. Do it in a period when the price is going down and you may even end up with a few extra zerps to cover the fees! But be prepared to lose a small amount of your total in case that doesn't work out (ie in fees and exchange rate). Personally, I'm leaving my small percentage in Revolut for the aforementioned reasons until Coinbase get their act together and add XRP in UK.
  8. Yeah, I have a small amount of my holdings (about 4 - 5%) in Revolut in case I find myself away from my Ledger Nano S for a period of time that coincides with a parabolic run up. It's dead easy to switch back to fiat on your phone to cash in at least some gains. There may be a better way to achieve the same goal. You can also use it to spend as fiat, if you're into that sort of thing. Trouble is, you can't withdraw to any other wallet, so I won't put any more in there (my long-term stash was purchased elsewhere and stored offline). When they first added crypto, they made it seem like withdrawal was on the roadmap, but 18 months on and I've seen no evidence of that becoming a reality. Plus, despite being FCA regulated (in the UK), their crypto deposits aren't insured, unlike say Coinbase. So you're trusting that they won't get hacked. And as an aside, from recent articles, it seems they're not the most ethical employer either. Doesn't instil overall confidence. Basically they're convenient, but they come with a whole stack of caveats.
  9. And it's that tiny 0.000045% doubt of "would be strange if not", that I wanted to rule out. If I'm going to put my hard-earned money in this wallet, I need to do my own due diligence and be 100% confident that it's safe for sure. Now having worked through this little exercise, I think I'm on the path to your level of certainty
  10. Thank you @Warbler, I did actually manage to figure it out late last night off the back of @Flintstone's suggestion. Once I'd realised that an offline transaction was even possible (still blowing my mind), I did a bit more research and got to your tool. I was going to do a short write-up here on how I did it for other newbies, but that blog piece summed it perfectly. Thanks for the awesome tools Warbler; I've been holding xrp for a while using a Nano S, but only now just starting to explore the tech in more depth. It's a whole new world! And thank you for the initial suggestion Flintstone, I verified it with a donation to stjudes.
  11. Hi Warbler - I was looking to create a paper wallet, and had decided to use the Bithomp offline version downloaded from Github (great tool you've built there btw!) Is there any easy way of testing the generated key? i.e. How can I know that the wallet / key pair I create will work when I come to import them into another wallet in X years time, when the value has increased to a point where I'd be mortified to discover it doesn't work and the fortune is lost forever? (Nooooooooooo!)
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