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Everything posted by paym8

  1. completely ignores the digital space
  2. yes, that,s how that works, you have the wallet keys to your organisations wallet that holds all the members funds, thats the wallet (address plus the destination tag) that users pay/or get paid into. and you then organise the users accounts on your own database, on your end, for the various users balances. A unique destination tag identifies each individuals account and balance on your database.. you then also need to have your own user interface for users to see their funds and make transactions & withdrawals from your wallet, and comply with regulations
  3. It is not you that pays or loses the reserve, the reserve is payed by whoever activates the wallet, that could be you if you activate the wallet by sending 20xrp to it, or more likely the user will create the wallet keypairs. and then ask someone (maybe you) or maybe an exchange to send a minimum of 20 preferably 25 or more xrp to the wallet address they created. Or you may offer one wallet for your community with many members, with a destination tag for each member, This is complicated, comes with responsibilities, and liabilities, and means you should be doing more i
  4. at present a wallet can be closed once all trustlines have been removed/settled, zero balance both ways, thus, leaving the wallet reserve of 20xrp, upon wallet closure 15xrp can be transfered to another wallet but not to an exchange, so the final amount lost will be just 5 xrp. if you dont have another wallet to transfer your xrp to then you cannot receive the last 15 xrp.
  5. yes, 20xrp wallet reserve plus for anyone using the token, 5xrp reserve for the trustline to the issuer of that token, so minimum reserve would be 25xrp reserve, locked, while / if only using that one iou/token. 5xrp reserve for each additional token accepted in the wallet. does this help
  6. xrp not even mentioned on coinbase employees punting list
  7. About the Office » The Office of Inspector General (OIG) is an independent office within the U.S. Securities and Exchange Commission (SEC or Commission) that conducts, supervises, and coordinates audits and investigations of the programs and operations of the SEC. The mission of the Office of Inspector General is to promote the integrity, efficiency, and effectiveness of the critical programs and operations of the U.S. Securities and Exchange Commission. Learn more about the Office of Inspector General https://www.sec.gov/oig/Article/inspector_general_about.html
  8. in flare it could maybe made useful as far as its userbase gets involved, just as it brings utility to xrp, litecoin, yes?
  9. i'm not posting 47 pages of what I see in here the link title tells you what's in it and its relevance if you have any interest in looking . i've posted the link, & that is all I am prepared to say about the document and any implications in here, just being prudent no offence
  10. https://online.wsj.com/public/resources/documents/ClaytonDisclosure03-08-2017.pdf now you see it
  11. flare will give doge some prospect of innovative defi between its userbase that it dosn't have currently, may be he ywill overtake xrp
  12. the very last 15xrp, I'm afraid you have to suffer that, as that's the price or cost of opening & activating an account on the XRPl edger, mission accomplished, helps stops the bloat of frivolously creating wallets. Especially now its worth something. I did see a tweet where DS said if the upper price continues he may propose the reduction of wallet reserve from 20 to 10 and asset/trustlines etc from 5 to 2. I don't have the link sorry
  13. https://www.pymnts.com/news/regulation/2021/german-prosecutors-to-investigate-bafin-over-wirecard-scandal/ relative to above, I know its not Ripple & it's in Germany, but this may catch on in US, that they/(gov't regulatory agencies) can face criminal investigations and charges, including the individuals involved, ie- for instance employees trading the said assets, & whatever else they uncover.
  14. Ripple executives will not be required to hand over financial statements https://www.techradar.com/uk/news/ripple-bags-another-victory-in-legal-battle-over-cryptocurrency-xrp
  15. if that was a financial/investment advisors understanding, & on record, and not challenged by sec, then how can they claim that BG/CL were reckless in understanding the same? is any more like this even necessary?
  16. NO !! The judge has listened to the initial request to be able to file the motion, They have at this point been granted by the Judge, The permission to officially ask the court for perrmission to intervene and can now go ahead with filing the motion to intervene, then the determination to be able to intervene will be considered by the court after the plaintiffs & the defendants Have had the opportunity to respond to the request. this is good news, wel done John E Deaton but dont add to confusion by saying they have been granted permission to intervene THEY HAV
  17. Well, according to reports, there was a windstorm that made it unsteerable, the wind was reported to be 32 miles/hour, or so, I am sure the ships are built to deal with more than that, and they have a suez appointed specialist pilot to navigate the canal, was he asleep relying on autopilot, or was it some conspiracy to ----
  18. I heard that the sec thought that rippple or exchanges or whales were trying to ship xrp in a suitcase in a container up the sues, so the sec impulsively put up its blockade, without thinking of the consequences, the signage on the ship was meant to be "nevergiven"
  19. I was thinking more of stake holding/shareholding such as moneygram & inserting board members, but having members on the board may just be observing menbers, but in some cases will be voting/controling members. how does xspring fare in that they were offshoots of ripple, at the end of the day these types of entities will be accredited investors, so they can be sold/distributed to without propblems in future, so long as ripple complies & registers their holdings as securities if so ordered. but what a can of worms ,ay
  20. does this mean any entity that ripple supported,invested in, and/or inserted a board member ?
  21. federal judge Analisa Torres has denied a motion filed over the weekend on behalf of more than 6,000 XRP holders. The motion to intervene argues the interests of token holders — in this case, the XRP Army — were not being adequately represented in the lawsuit against Ripple and its executives. Torres denied the motion “without prejudice,” https://cointelegraph.com/news/judge-denies-xrp-army-a-seat-at-the-table-in-sec-v-ripple-case
  22. Ive Just read that The motion has been denied cointelegraph The motion to intervene
  23. I stumbled on this clip just now, whilst browsing flarefinance, surely the gvmt & Gensler must see whats to be done Senator Cynthia Lummis Wyoming
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