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jn_r's Achievements

  1. Crumbs, left to be picked up by us little birds
  2. Apparently the liquidity providers on XRPLedger (those that buy JED's XRP in exchange for Bitstamp.USD) buy their USD on Bitstamp. It seems logical. I never noticed it but seems logical. So the liquidity providers (check the top accounts on https://xrpcharts.ripple.com/#/active_accounts orderbook Bitstamp.USD/XRP for their XRP addresses) do this, in a few cycles: buy USD on Bitstamp exchange using XRP withdraw USD from Bitstamp-exchange to XRPLedger place order Bitstamp.USD / XRP on XRPLedger (they can actually use the price they got from the trade on the Bitstamp-exchange) exchange some of Jed's XRP deposit XRP back to Bitstamp-exchange restart cycle This way the XRP is exchanged on the XRPLedger. It could more easily be done directly on Bitstamp, so the reason why it happens on XRPLedger might be interesting and have something to do with either a matter of principal or perhaps more probable, to avoid regulatory difficulties
  3. And look at CMC what's coming up now at #20? The 'Huobi Token' Live is like a box of chocolates
  4. You're not a simpleton, you're just not rich enough
  5. I'm trying to put into words why 'exit strategy' sounds weird to me. It is like if you do not really believe in XRP and that it is all speculation. If you rather have a fiat coin 'in the pocket' than a crypto, I think it is there that many people fail in the buy/sell rhetoric and loose overall. Try to see crypto as just another fiat. It can go up and go down, but in the end, if both have equal right to be in existence and have value, then it is ultimately the market that determines the equilibrium of price. You can trade on the swings and buy/sell on those, but think further. If you finally made a great deal and wind up with either a lot of crypto or a lot of fiat, how do you want to proceed? Where do you think is your money the safest, where is it most profitable? It might well be that if you keep it in fiat, an inflation story could ruin you, or that crypto's just get more and more mainstream and turn out to become more valuable after all. Just because they are .. So, yes, I do find myself still on saver ground with fiat, but I also have a firm believe in the future of crypto. That's why I don't sell. I sell parts that I need for this or that. Or if I want to change my position in crypto or fiat. That's not an exit strategy, but rather I would call it a 'de-risking' strategy
  6. Do the 18 words work in this tool? https://support.ledger.com/hc/en-us/articles/115005297709-Export-your-accounts (check the link bip39-standalone.html)
  7. Yes, true. As auto-bridging is also possible with AMM's I see the main advantage in the use of order books. We'll have to see if that is enough..
  8. The reason should be the same as to why people transfer their crypto on an exchange now. They want to trade their assets And with the advantage that RippleDEX is an exchange that is trustless/decentralized + it is an orderbook based DEX + it offers XRP autobridge functionality n.b. I have held other crypto's (BTC, ETH) on the XRPL for long time, as it felt save and I needed only to focus on keeping my XRP keys save. Of course it was not 100% save, those were IOU's from Bitstamp, Gatehub, etc. so there was centralization and trust needed. But if the IOU's are trustless, then it would be a save storage also..(but not necessarily saver than holding them on Flare, maybe easier)
  9. your first transaction is on account of Coinbase. If they charge what we pay now for gas, I'd say $30,- but maybe they can do it cheaper for you your 2nd transaction is the swap. This is actually 2 transactions, first is the approval (mayb $6,-) for Uniswap to handle your ETH and then the trade ($30,-) then the 3rd transaction to the NEXO account, also $30. Prices are fluctuating and maybe to get a better feeling for it check 1inch.exchange, which is an aggregator. It will pick the cheapest price for you: https://1inch.exchange/#/ETH/NEXO and it also shows the expected fee (It shows now for this transaction $47,-). The exchange transaction is the most complicated of the 3 and hence the most expensive one. Still in total I'd say +/- $100,- Something to not forget, you need ETH for all transactions, so don't run out and do not exchange all your ETH for NEXO :-) Also important, per default Uniswap times out at 6 minutes. This is no problem if you give enough gas, but if you pay to little, you're transaction will time out and you still have to pay an amount of gas, so don't be to cheap on the gas. The average should do .. And you can of course also use 1inch.exchange. It will pick the cheapest option (in this case still Uniswap) and it has some smart things built to pay less gas.
  10. Timing is also an issue. Is it known when he sold vs when he hyped XRP on TV?
  11. Hi Brian, good to see you here again! Let me try to answer the questions: Ultimately someone from Ripple should answer this, but my opinion is that the XRPLedger should stay as lean as possible. You would have to add Oracle functionality, smart contract functionality etc.. It can be done and it probably will be done. At least AMM styled DEX. But not sure if a DEX with orderbooks is possible. The speed seems to be ok (+/- 4000 txps?) but it is more difficult to build an orderbook DEX with smart contracts (a-ka ethereums Solidity). XRPLedger is specialized and has it built-in at native core level Smart Contracts can not hold secrets. That was the promise of Codius.. Yes :-) Most of them still use 3 letters, but see e.g. SOLO: https://xrpscan.com/account/rsoLo2S1kiGeCcn6hCUXVrCpGMWLrRrLZz, or https://xrpl.org/currency-formats.html#currency-codes
  12. I think they want to be sure they get a response
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