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Warg

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  1. Like
    Warg reacted to retep in Charting the course of XRP   
    Today is my xrp birthday because i'm almost 1000 likes old, so who's going to give my 1000th like today?
  2. Like
    Warg reacted to brianwalden in Passive Income Opportunities in Flare   
    Everyone wants to know what the best way to earn passive income on the Flare Network is. We don't really know yet because we don't have hard numbers, but we can start to talk about strategies and fill in more details as they come out.
    1) FLR Rewards - If you hold FLR on the network you can vote for FTSO data providers and earn a share of their rewards. The vote is detachable from your FLR, so your coins never leave your wallet. There's no risk (assuming the Flare Network itself works correctly); the worst that can happen if you vote for a horrible data provider is you won't earn any rewards. Rewards are distributed based on time not how many votes there are - the same reward will be split among the winners every so-many blocks whether 100 people vote or 1 million. Your slice of the pie is obviously going to be a lot bigger when it's split fewer ways, so one of the best things you can do is get in and vote as soon as the network launches. Beat the crowds and scoop up some early, big rewards payouts.
    2) F-Asset Rewards - There are rewards for just holding FXRP on the Flare Network. I think, like the voting rewards, these are paid out based by releasing a set amount of FLR on a set schedule, not based on how many people hold FXRP. So the payouts will be higher in the early days when there are less FXRP holders. There should be no risk in holding FXRP, the system is designed so that you'll always be able to redeem it for XRP. But there will be fees for going back and forth between the two ledgers. You'll want to make sure that your expected rewards are greater than the fees for converting your XRP to FXRP. F-assets aren't expected to launch until several days or weeks after the network does, so you'll have some time to make a decision on what you want to do.
    3) Minting F-assets - You will be able to give your FLR to an agent for them to use to mint more F-assets in exchange for a cut of the transaction fees they earn from converting to and from F-assets. There are risks in doing this because agents can be penalized and lose funds if they don't do their jobs. I suspect the system will be setup to limit the risk to ordinary people who are just putting funds into the collateral pool as much as possible, but we have to wait for the details. You should still be able to receive your FTSO rewards while providing collateral to mint F-assets.
    4) Trustline - Trustline is a Dapp built on the Flare Network that aims to be kind of like a trustless bank. You will be able to deposit FLR and FXRP into the Probity Vault. Everyone's deposited funds combined will be used to collateralize a dollar stable coin, Aurei (AUR), which will be released both on Flare and the XRPL. People will be able to borrow AUR through overcollateralized loans (they have to put up more collateral than the loan they're taking out) and the people who put the funds into the vault to back AUR will get the interest that's paid on the loan. I think this is low risk - someone correct me, but I don't think you can lose money you put into the vault. Like all Dapps, your risk is if the smart contracts are coded poorly and don't work right/get hacked or if Trustline is a scam. Trustline has a novel system for determining variable interest rates based on the supply of AUR and the demands for loans. If they've only loaned out 50% of the total AUR that they've collateralized the interest rate will be 2% to encourage people to take loans, but if they've loaned out 95% the interest rate will go up to 20% to encourage people to put more funds into the vault and encourage borrowers to repay their loans. You should still receive Flare rewards while using Trustline's services. The people who deposit money into the vault will have the choice to be paid in either AUR or Trustline Credit Network (TCN) token. TCN will always be redeemable 1:1 for AUR, but it gives you a governance vote so it's expected to be valued higher than a dollar. Trustline calls this a semi-stable coin because the dollar peg gives it a price baseline that it won't go below, but there's nothing setting its upper limit. As with everything we'll have to wait for the details, but right now I see no downside to choosing to be paid in TCN over AUR. One last thing, due to popular demand Trustline is working on a way to be able to withdraw AUR without borrowing it - I don't know the details of how it will work.
    5) Flare Finance - Flare Finance is another Dapp built on the Flare Network that seems like it's trying to be all the DeFi in one. I saved it for last because it's the most complicated. Like all Dapps, your risk is if the smart contracts are coded poorly and don't work right/get hacked or if Flare Finance is a scam. I think most of Flare Finance's products have additional risk. You should still receive Flare rewards while using Flare Finance's services. Flare Finance will be taking a snapshot of the ledger a month after the network launches and distributing DFLR a week after that based on how much FLR you had (you may want to pull all your FLR back into your wallet for the snapshot). DFLR is basically a coupon you'll be able to use to redeem for YFLR (yield-bearing FLR) which is Flare Finance's token that it uses within its products (as if all this Flare stuff isn't complicated enough already).
    FlareX - This is Flare's AMM exchange like UniSwap, SushiSwap, etc. You can put pairs of coins into liquidity pools in exchange for tokens representing your share of the pool. When you redeem the tokens, the coins you get back will include your share of whatever profits the pool made. Liquidity pools work by keeping a balanced value of each coin in the pool - that means the coins you get back will be different amounts than what you put in. If for example you put $100 worth each of FXRP and YFLR when they're both worth $1 each into a liquidity pool and FXRP stays the same but FLR doubles in price. Let's say when you redeem your share it's now worth $120 worth of each coin. That means you'll get 120 FXRP back, but only 60 YFLR. This brings up impermanent loss - with liquidity pools if the two coins diverge in price faster than the trading fees the pool earns can keep up, you can actually lose value verses just holding your coins and not participating in the pool. I think liquidity pools usually pay out best before too many people get in. You can study the existing swap sites to get an idea of the likely risks and returns. Flare Farm - This let's you stake coins in return for a yield paid in YFIN, Flare Finance's governance token. I don't know what they do with the staked funds, so I don't know exactly what the risk is. There will only be 11,000 YFIN ever minted so it seems like staking to earn YFIN may be a good investment, but on the other hand you have no idea how it will be valued. In contrast, you know your yields from Trustline will always be worth at least a dollar. You can stake your tokens from liquidity pools in addition to individual coins, so that's a nice way to earn two ways from the same coins. Flare Wrap - This wraps ERC-20 tokens from Ethereum to port them over to the Flare Network. I don't know that there's a way for us to participate in the wrapping process to make money, but it may give you an opportunity to bring Ethereum tokens over to use them in Flare Finance's other products. I'm sure there will be a fee for wrapping/unwrapping tokens and the counterparty risk if Flare Finance fails to redeem them . Flare Loans - If you're familiar with CeFi services like Nexo and Celsius, you know how these work. You put up more collateral than your loan is worth and in return you can take a loan to have access to money without spending your crypto. Unlike a credit card, you have no real risk of falling into debt - in the absolute worst case your collateral gets used to pay off your loan (but you still get to keep that Lambo or whatever you used the loan for). The real risk of these loans a flash crash where you can't either add more collateral of pay off some of the loan and your collateral gets liquidated. If the price of the coin you used as collateral then shoots back up, you've now sold at rock bottom. Loans are usually a worse interest rate than you could get from a bank if you've got good credit, but they let you extract value from your crypto without causing a tax event - just make sure to watch your LTV ratios. Flare Mutual - Flare Finance is going to be doing distributed insurance. I have no idea how this works - maybe @KarmaCoverage can chime in. Flare Mine - Flare Finance is somehow rewarding people with FLR for mining on other ledgers. I'm not a miner, I don't really get it. The Governance Pool - If you have YFIN you'll be able to stake it in the governance pool, which is a fund used to keep the yield rates across all Flare Finance products healthy. By being in this pool you can basically earn a reward if Flare Finance does really well and makes significantly higher yields than expected or really poorly and the pool's funds are loaned out to boost yield rates. That's what I know about the various passive income opportunities in Flare. I'll happily accept corrections and updates. There are a number of other projects like Handshake, Gala Games, Propy, Metaverse, and others that I'm sure I'm forgetting. I think it may be worth while to throw a little bit of money at anyone building on the Flare Network, but I don't know of any passive income opportunities that these projects offer.
  3. Like
    Warg reacted to retep in Charting the course of XRP   
    Time for a poll then.
    Karlos should swap cmc for coingecko!
    [x] yes
    [ ] no
  4. Like
    Warg reacted to retep in Charting the course of XRP   
    Stop using Coin Manipulating Cap!
  5. Haha
    Warg reacted to retep in Charting the course of XRP   
    AMEN.
  6. Like
    Warg reacted to xrpscan in FleXRP - A tool to setup an XRP account for the Flare Spark Airdrop   
    Hi,
    There's a small nuance when showing information about Spark claims. The claim is valid on last messageKey. This is not the same as the current messageKey. Because of this subtle difference, there's a back-filler that checks for the most recent messageKey and updates the db at the third party service we use. This may introduce some delay and show outdated messageKey info. That's my guess what happened here. I can see that your account now shows your messageKey correctly.

  7. Like
    Warg reacted to Seoulite in Where will my FLR be airdropped to?   
    I agree with brian I would check using the xrptoolkit. https://www.xrptoolkit.com
  8. Like
    Warg reacted to brianwalden in Where will my FLR be airdropped to?   
    I get the feeling something is messed up with XRPSCAN. You might want to see if you can ask them about it. You can also check on XRPToolkit. I would think if 3 places show it as set, it's good.
  9. Like
    Warg reacted to BillyOckham in FleXRP - A tool to setup an XRP account for the Flare Spark Airdrop   
    One way that I can imagine some sites reporting it is set and other not is if the messagekey field has been set with an invalid address and not all sites detect that.  Or the inverse. ( It is correct but some site thinks it’s not because it’s validation logic is incorrect. )
     
    I do not know, and would love to find out, if any of these XRPL explorers do any validation on the Flare address.  I’m not sure of the full set of properties that a valid Flare claim address should have but from top of head I believe it needs:
    ’02x’ (or something like that) as a prefix About (can’t remember actual number) 20 zeros after the prefix a valid Etherium address in UPPERCASE (although why that is a requirement escapes me) That is from top of head and is probably incomplete or wrong in some ways.
     
    Regarding the ‘valid’ Etherium address....  I’m not at all familiar with ETH so don’t know any details but I’m certain that not every string of correct length is a valid Etherium address.  There will be libs that can validate its correctness.

    Perhaps @DevNullProd or @xrpscan or @Warbler could shed some light on why some sites say it’s set and others do not?  Any input from these wonderful and busy folk would be much appreciated.
     
  10. Haha
    Warg reacted to jargoman in XRP about to go parabolic   
  11. Like
    Warg reacted to BarnBuilder in Epic Pennant on BTC Chart   
    Someone on this forum put up a link to Blockchain Backer.  If you want to be on solid ground (as much as you can be in a volatile market) I recommend you check him out.  It was a great $39 to go through his course material.  This guy has really shaken out a set of expectations for XRP.  He's happy, I'm happy (I admit I could be much happier)
    It appears this shakedown is very similar to the last 2 on 2/21 (-26% and lasted 7 days) and 3/13 (-19% and lasted 12 days).  Dont know the length of the consolidation, but this one is in line with the magnitude (-21%).  
    I watch the 1 minute bars develop and get a sense of supply and demand.  Blockchain Backer, in his latest video, recommended that the action following the flash crash looks like a Wyckoff pattern.  I read up on that and it agrees with what I've witnessed so far.  The flash crash caught the market by surprise.  I saw the whole thing develop before my eyes - amazing to see it go from a trickle of selling to an all out dump in seconds (china miner story is bull).  It came in on low volume and slowly trickled the price down until automated selling and short selling started while the market was asleep.  I'm not sure what the buying mechanism was at the bottom but maybe there's more people out there like me (I filled the boat with AdA and XRP thank you - always sell the dead cat bounce though).  My point of hope is that, as the market regained it senses, the selling continued but it has been met with serious buying at 53000.   Monday morning EST the selling got heavy again and the price started toward 53k again.  I thought for sure it was going over the edge.  The selling was intense, but the buyers ate it up.  Tonight it did it again and the buyers stepped in.  If the buyers dont show up at 53k it will get ugly, but for now they seem to be content that there are adequate BTC's to be had.  The Wyckoff analysis says to think like you are the big buyer in the sky that we think is always against us.  If I was that big buyer, I'd like all the btc's you'd give me but I wouldnt want the market to collapse because lifting it up to sell those btc's will be much more costly and time consuming.  The path of least resistance is to reload the coffers with the ample sellers btc's and head to new highs.  Now, thats just me.  Actually, if I really was the big man, I'd take it to 10K and take all the btc in existence.  Then I'd run it to 120k and laugh when I redistributed it to all the suckers who read JPM saying its still going to 300k with Doge Coin.  A little humor I guess.
    Seriously, there are big buyers in here and, assuming they stay around and get enough BTC, they will try to hide their intentions, but we always know they are to sell high.   Thats my hopium....favorite word I learned here.
  12. Like
    Warg reacted to Cambridge in Charting the course of XRP   
    Novogratz knows that ETH has high gas fees. He knows that bitcoin is a "digital gold" and that besides its speculative nature doesn't offer much more. What's the difference between bitcoin and doge, besides the brand? BTC maxis can argue all they want, but what can you do with bitcoin that you can't do with doge? BTC maxis can't answer that question. 
    XRP has utility. Fiat currencies backed by central banks are not going away. XRP is meant to provide bridging capabilites at fractions of a penny. Novogratz acts like he does not understand this. He does understand it very well. 
    What novogratz is afraid of is that XRP will get cleared and then explode and unseat Bitcoin and Ethereum. Once it happens, because it will happen, why use bitcoin? Since fiat isn't going away, XRP gaining dominance will leave bitcoin behind. Who is going to use it? It's slow, expensive and not environmentally friendly. 
    LOL. The Maxis are scared. The people investing in it have a bias, obviously. 
    Bridging assets will inevitably take over this space as it matures, because utility matters. C'mon novogratz, you went to Princeton. I'm embarrassed for you. 
  13. Like
    Warg reacted to MQB in Charting the course of XRP   
    Go back to the Roman republic and empire please.
    Julius Caesar cheated, Caligula cheated, Commodus cheated
    And the DemocRATS Nancy Peloci/Joey Briden cheated, big time
  14. Like
    Warg reacted to mrhat75 in Charting the course of XRP   
    Unfortunately, humans haven't evolved since the middle ages. Global warming, mask wearing, and "the science" (while ignoring real science) is their new God
  15. Haha
    Warg reacted to PlanK in Charting the course of XRP   
    LOL at the panic attacks.
     

     
  16. Like
    Warg reacted to Seoulite in Charting the course of XRP   
    When the SEC case was announced Vitalik said XRP was a shitcoin. I have no sympathy for him. I look forward to the day Flare burns Ethereum to the ground. 
  17. Like
    Warg got a reaction from Seoulite in Charting the course of XRP   
    You're right, but it's actually beyond having too many inputs to predict. I guess eventually a super computer will be able to grow more powerful and be able to have more inputs. But for trading it's impossible to predict it with 100% accuracy because the subject from which the calculations are derived are humans and human emotions (market participants). You can manipulate the markets to get predicable emotional reactions from people, then you can increase your predicitive percentage. But still it can never reach 100%, not even close
  18. Like
    Warg reacted to xrp_sea in Charting the course of XRP   
    We're in the 1st inning of the alt coin rally. I truly believe we'll blow right through $5, even $13. Taking a little off the table makes sense, but I think you'll regret not being fully or mostly invested as this thing takes off. 
  19. Like
    Warg reacted to Seoulite in Charting the course of XRP   
    I think most of the people here (including me) who are saying they will 'start taking profits at 3' are only talking about beginning to sell, not sell everything and walk away. I will start to sell some around 3 because 1) I am happy with that return, and 2) it's possible that we touch the ATH and fall all the way back down. I don't want to wait another three years to see some returns.
    Having said that, I am not going to sell everything. I am going to see what happens when we reach the high. I don't think $13 dollars or above is realistic within a year or 2 year timeframe, maybe 5 or 10 years. This run I think $5 is very possible. But I'm not gonna just sell everything at $5. Even if I take a lot of profit, I will likely hold some xrp for the long haul on the off-chance that this thing goes to $100. 
    I don't think it is wise to have a single point where you just sell everything, unless that point is truly life-changing and you don't need another dollar more than that. If that's not the case then I think gradual profit-taking, DCAing out if you like, is the best way psychologically. If it keeps going, you might miss some but you won't miss everything. If it drop, you will have missed someone but you won't miss everything. 
  20. Thanks
    Warg reacted to Moonraker in Charting the course of XRP   
    https://blog.flare.xyziclaiming-spark-faqs
    I also havea Nano Ledger S and went to the above website as well as using the video below for reference.
    I went through the process earlier today and it worked great.
     
  21. Like
    Warg got a reaction from WuWei in Charting the course of XRP   
    Usually markets always do the opposite of what people expect for some strange reason.

    The sentiment in here, among XRP "insiders" is of one caution and scepticism of this current move. People are even writing that it's going up too fast and that is the opposite of 2017 / early 2018 where everyone got caught with their pants down and almost no one took profit around $3. Based on that, because you know, life has a tendency to kick us in the nuts for shits and giggles, I think we'll see the opposite happen. The price won't come down violently this time and lots of XRP holders will sell too early unfortunately.

    Secondly, this run is different than the previous one in 2017, the fundamentals/sentiment are really negative. Despite that the price is rocketing up, this is super strong and to me this indicates like people in the know buying and/or it's a coordinated whale pump. Furthermore, price is going up smoothly, and this is despite XRP being in the dog house by the SEC and being unlisted and generally hated among big parts of the crypto community.

    So, this time I'm not going to sell early as I think there's a fair chance we'll blow past ATH so fast that it'll make our heads spin. I might take a little off the table here and there but after 4 years XRP has become personal for me and it just wouldn't feel right to sell for some odd reason. That's of course if I don't need the money. I don't mind riding it up to whatever amount and down to $0.20 again. I'm used by now.

    So I guess I'll predict $5.21 this bull run and then I have no idea 

    Lastly, this is not based on any serious analysis whatsoever, just sharing my thoughts for fun.
  22. Like
    Warg got a reaction from melushell in Charting the course of XRP   
    Usually markets always do the opposite of what people expect for some strange reason.

    The sentiment in here, among XRP "insiders" is of one caution and scepticism of this current move. People are even writing that it's going up too fast and that is the opposite of 2017 / early 2018 where everyone got caught with their pants down and almost no one took profit around $3. Based on that, because you know, life has a tendency to kick us in the nuts for shits and giggles, I think we'll see the opposite happen. The price won't come down violently this time and lots of XRP holders will sell too early unfortunately.

    Secondly, this run is different than the previous one in 2017, the fundamentals/sentiment are really negative. Despite that the price is rocketing up, this is super strong and to me this indicates like people in the know buying and/or it's a coordinated whale pump. Furthermore, price is going up smoothly, and this is despite XRP being in the dog house by the SEC and being unlisted and generally hated among big parts of the crypto community.

    So, this time I'm not going to sell early as I think there's a fair chance we'll blow past ATH so fast that it'll make our heads spin. I might take a little off the table here and there but after 4 years XRP has become personal for me and it just wouldn't feel right to sell for some odd reason. That's of course if I don't need the money. I don't mind riding it up to whatever amount and down to $0.20 again. I'm used by now.

    So I guess I'll predict $5.21 this bull run and then I have no idea 

    Lastly, this is not based on any serious analysis whatsoever, just sharing my thoughts for fun.
  23. Like
    Warg got a reaction from DannyRipple in Charting the course of XRP   
    I guess the prudent thing to do is to at least withdraw your initial capital of course. But all this rant was just a way of saying, that selling too early can also be a regretful event looking back.

    I'm sure there's plenty of people who sold their AAPL/AMZN/TSLA or whatever stock way way too early.
  24. Haha
    Warg reacted to smoothy in Charting the course of XRP   
    yep. I learned my lesson.
     
    FLR? She has no idea it even exists
  25. Like
    Warg reacted to billion in Charting the course of XRP   
    I definitely get what you're saying, but I truly think less than 1% of this board will be selling within 20% of the upcoming new ath, so chances are we have to simply prepare for the fact that we'll either be too early or too late, so long as we're happy with the money we've made. Otherwise, missing out on everything (like I did back in 2017/18) is much much worse. 
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