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KarmaCoverage last won the day on October 9 2020

KarmaCoverage had the most liked content!

About KarmaCoverage

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    Currently interested in finding a new project to work on. PM if I can help.
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    Currently interested in finding a new project to work on. PM if I can help.
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    Currently interested in finding a new project to work on. PM if I can help.

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  1. https://www.coindesk.com/wyoming-dao-llc-law-passed?amp=1
  2. @Julian_Williams great detailed video. I can't believe what a mess this case has turned into. I liked the part where they went through the speech and Deaton role played what he would ask as the deposing atty. Really makes me wonder if Ethereum could face enforcement action. Pretty sure they located outside the US to avoid that consequences, but the SE(xchange)C can make Coinbase & the rest delist ETH.
  3. I am unaware of this practice, but it seems to make all the sense in the world. I used to have a great deal of respect for the SEC, but this case has been one blunder, after another bullsh!t, sandwiched between a few more blunders, and some floundering for any standing or logical arguments. Honestly it's been a sh!t show since the midnight hour filing by clayton. Extremely disappointing. I'd prefer a serious and forthright SEC. We need/deserve a quality regulator in the securities markets.
  4. XRP has been undervalued for it's entire existence. It's impressively undervalued! The crazy thing is how the broader crypto community has been able to perpetuate the nonsense. XRP has enjoyed the longest time period for buying at good prices than any asset I've ever seen.
  5. China and Russia are loving the delays and bickering. Although it's best to get it done right, rather than just fast. Does anyone know an average time line for these kind of things? I'm guessing years.
  6. Just to make sure we are all on the same page... I assume we all live in Capitalist economies. Thus selling labor at any rate (even the highest) leaves you with a cap on your income. The only way to escape the labor trap is to Make money, not Earn it. This is done via owning a piece of the "Capital Stock" the Equity/Debt of the value generation engine (usually a company or real estate). If you can't fund buying the Debt, or create the Equity from scratch, then the only option is to be in senior Managment and be compensated via Options for Equity. This is how the "CEOs" collect so much value. It's not their salary, like the laborers. On top of that, you can't sell your job. But you can sell your Capital Stock, and often you can sell it for a multiple of the annual cashflow. Say your Capital Stock (Debt or equity) earns $1000/yr, depending upon the industry you could get $5000-15000 for that. In contrast, your job will be sold to a lower skilled, younger or foreign bidder, for idk 70-80% of what you earn. The discount accrues to the owners of the Capital Stock. There are different sets of economic rules. The Billionaires did not Earn via labor their billions, they Made their Capital Stock worth billions.
  7. I literally just called to check. He did go to the hospital, and they immediately admitted him to the ICU 🤞
  8. Can we please keep this thread on point with CBDC, a NWO, how XRP as a bridge asset fits in, regulatory issues, etc. This is not a political forum, and I've enjoyed that for years now. I think fbook does politics, not sure, but that's what I hear. I don't even have an Fook account.
  9. I couldn't disagree more, I'm a big fan and have followed all of these guys strategies for years (except zuck), learning closely. Major fan of Bezos longterm thinking, love Buffet's adherence to the fundamentals and his frugality, Gates has been a God send to the world who I admire. I'm not sure how you concluded your thoughts? Re your "idea that used to be common", the way I put it is, "it's not how much you make, it's how much you keep". I spend less than most I know, and have more. People even get frustrated with me, but oh well. I will gladly spend on my business, but I'm a bad consumer, I don't want for things. I was raised with my grandfather as a role model, he was a Depression Era guy. I tear my paper towels in half, and wash out plastic bags, reuse building material scraps, and do my own repair work (except A/C), etc.
  10. Watched both videos. I'm pretty sure but not 100% sure that I saw the whole panel conversation with the BIS guy. Sounds like he is saying "more of the same" regulations we have now, which are implemented and enforced through the commercial banks. I don't have much issue with that (although I'm not a huge fan of comm banks, in fact my desire for CBDC is to offer an alternative to comm Bank deposits). But I don't have an issue with comm banks administering CBDC deposits. Re the senator, the only thing he said that caught my ear was that "digital assets can be used for payments, that's already being done", which sounded like a wink at Ripple's cross boarder payments, but that may be a stretch. I also have some concern and am paying close attention to the issue of Self Custody. If we are to have anything a kin to paper cash in the digital age (intermediary free) then it will be self custody wallets, and unfortunately I'm noticing some increasing pressure on allowing that. I get it, if they want to regulate the non/off ramps to each domestic economy/fiat, but anybody should be able to stash some cash/crypto "under the mattress" if they want to.
  11. That's kind of a doom and gloom angle on things. I don't see CBDC in that way. I see it as an alternative to Commercial Bank deposits, which already have a lot of the privacy & control concerns expressed in that article, albeit without all the potential advantages. I do expect CBDCs to bring new monetary policy tools to the central banker's tool chest.
  12. I live in a current hot bed of Covid spreading, and antivaxers. This is an unfortunate text I had to send my mother today. I'm very worried about him, extremely worried. The rest of the guys who got covid said "it kicked my a$$", and "I've never felt anything like that". "One of the guys with covid just called, he sounds HORRIBLE, can't even take a breath to speak 2-3 words. Idk if I've ever heard someone that bad that wasn't already in a hospital. He still doesn't want to go to the hospital and it's still a hoax."
  13. That's me, I'm the founder. Not my first go around. Currently working on two starting two more crypto related. One could be big for both XRPL & crypto writ large. Anything prior to Vietnam was pre-boomer. I help take care of a Vietnam vet (2 tour volunteer Ranger team lead in the DMZ) who treated me well when I was young. The high interest rates are a whole different situation. Our generation will experience raising interest rates for the rest of our lives. Much more difficult than experiencing falling rates across a lifetime. On a real note, I am nobody. Few folks understand my insights. Which is discouraging, but I keep doing what I do.
  14. I don't personally think any Boomers should hold leadership positions anymore. Not in government, & not in big corporations. I am somewhat ageist, unless someone is functionally qualified. I have one Boomer as a business partner, but he is the exception to the rule. He is brilliant, actually listens and has thanked me because I have explained things that have helped him in other much larger software businesses, and he doesn't think he knows it all. A rare gem, I learn from him, and he learns from me. FYI, any Boomer complaining about computers born after 1945 has never lived a day on Earth without software https://en.m.wikipedia.org/wiki/ENIAC ... which is all of them, given "Boomers" technically start in 1946.
  15. I couldn't agree more with this also. The American ones were were handed the world as their oyster and squandered it in a single generation by funneling the spoils of the world's greatest economic engine to the 1%. Their parents didn't do that, it started in the 70s when they were passed the golden baton. Economies are like ecosystems. You can't have a healthy lake without an abundance of healthy little fish.
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