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lucky

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lucky last won the day on November 19 2016

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  1. That will be a tough one, after eight years doing nothing, and allowing the market cap to rise from zero to 30 billion. If they had offered XRP as a security they would have misled investors. Because it is a decentralized digital asset (what they have claimed from the start).
  2. If you want to get rid of proof of work, there is no other option that I know of. And as I said, it is a solvable problem. Time will tell, but I think there is a good chance that you will be happy that you were able to buy it cheap.
  3. You make a fair point about me misrepresenting that quote, I apologize. However: I've only heard Brad talking about being long Bitcoin, over and over. Never heard him screaming. In fact, the complaint on this forum was that he was NOT stating clearly enough to be long XRP. What should the execs do with their massive holdings, sit on it? May I remind you that when XRP hit 3 dollar, everyone was complaining that the founders were too wealthy? I always stated that having too much of something is a solvable problem, and they indeed did solve that problem. All crypto assets w
  4. The company Ripple was founded to distribute the digital asset. The SEC even quotes Schwartz in their complaint: "the people who created XRP are pretty much the same as the people who created Ripple and they created Ripple originally to, among other things, distribute XRP". The execution of the publicly announced plan to distribute XRP, a digital asset that does not require proof of work, has been taking place since 2012, without the SEC raising a finger. Anyone buying XRP was well aware of this. The company has not made a secret of their mission, and even if you missed that, th
  5. So my understanding is that his selling has halted since last week. Cheers back!
  6. Is your secret key a ~29 character long alphanumeric string starting with the letter "s"? If yes, then good, it is indeed the secret key, all you need, and you need to use the "Create account with secret key" option in the yxxyun / ripple-client-desktop,which is still listed at that page.
  7. Can you tell us a bit more about this? Does this mean that the Schwartz' stablecoin idea is already implemented in this fork of the code? Any ideas about the timeline and requirements to start using it?
  8. It may be more difficult to distribute $6bn when nobody uses the asset, than distributing $600bn when it is widely adopted. Anyway, distribution of XRP is far less than distribution of BTC, and the difference is that revenue on BTC distribution is wasted on energy and asics, revenue of XRP distribution is used to pay salaries. Novogratz is either a fool or has an agenda to push the "halving will push BTC price up" narrative. To counterweight the other possible (and not unlikely) outcome of the halving: chain death. I think he is a fool.
  9. A decentralized digital asset can only work if the asset is distributed. XRP has no mining process to do that distribution, and for a very good reason: it is inefficient and wasteful. So it has to be distributed by preallocation ("pre-mined"). There is NO other way. The geniuses that created XRP ledger have created a company to do the distribution. All the incentives are aligned: company needs the asset to be distributed (used), and company also wants the asset to be as valuable as possible. To then say: "the company holds a ridiculous amount of XRP" just means you don't underst
  10. The hosting has to be paid, servers have to be paid, and that is not cheap. The only way for monetization to take care of itself is to steal from its users, which is the oldfashioned Silicon Valley way of business. If xSongs succeeds (very unlikely) they will have access to all your content purchases, which of course is worth a lot of money. That's the loot he must be thinking of, when he says monetization will take care of itself. That's what facebook thought, that's what twitter thought, and that is how we got into the mess we are in today. Absolutely dishonest, to present this as
  11. Coil is not dead, they haven't even started yet. XRP is not a worthless token, and coil has 1 billion of them. This is not about easy money, but doing the things you like to do while getting paid for it. You are a troll.
  12. All that money being poured into xSpring, and all we get is this shitty "let me build something in my spare time" project without a long term vision????? XRP is not suited for consumer payments for content. Something is needed to provide privacy and scalability between the client and the ledger.
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