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jag216

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  1. Yes, in was in the spirit of the crypto vs inflationary fiat discussion. The world is trying to unravel the inflationary debt-backed currency system because, to be honest, their computer models that tried to predict creditworthiness in the 60-70s have proven to be very inaccurate. Predicting solvency amongst the general population, with other lifestyle costs being extremely volatile and salaries stagnating, has proven to be impossible when you factor in that lying, under certain circumstances, pays handsomely.
  2. I tried to find an earlier post I made on this topic, warning that some companies would use this model as a means of acquiring XRP cheaply through defaults. Stay vigilant.
  3. I love how this thread gets necro'd by Google if you search on 'will XRP reach $1?'
  4. jag216

    New member but not green

    Welcome! Your entry feels a bit like a Reddit post. We try to have conversations here, rather than yell opinions at the wall. If you respect the context of conversations you enter and don't assume too much about your peers you will find good conversation here. The private clubs don't always work that way, but that's by design - sometimes folks need an asylum for sauce and spice - and the doors are closed to protect those on both sides from that craziness (of which I am part).
  5. Without regulatory clarity in key markets, no one can move. The asset class needs to be formally classified and the rules clarified. XRP acts like a currency, a commodity and property. Countries have different tax laws globally. My guess is that many of these banks and FIs are looking at which countries are first movers in terms of determining the taxation framework for cryptocurrencies, waiting for the second actors to drop, and then looking for the leading edge in terms of locating operations. They have to weigh the options - not between using XRP or not, but whether they focus their cryptocurrency operations in their current country or not. How countries respond to cryptocurrency via taxation and regulation will have an impact on where XRP goes - that's what they've agreed to, that's what we've accepted and bought into. It's hard to wait for countries to get their act together, but I know for myself I've got to be realistic if I think that XRP is going to really go somewhere. I may have to pick up my stakes and leave the country to maximize the benefits of my investment. Which is really hard for me to think about, and I don't even have the burden of family to weigh in. Crazy times we live in.
  6. jag216

    mulithop demo at swell

    JoelKatz description of xCurrent as Tinder for banks now totally makes sense.
  7. Amazon has two very clear use cases. Global incremental payout for Mechanical Turk hit completion. Incremental invoicing for AWS usage fees. I'd imagine they'd save considerable transaction fees in switching the billing/payment rails for these systems.
  8. While I am not a Clinton fan by any stretch, I did appreciate the insight he shared on border violence and shedding a little light on how the impact of cross-border payment has ethical as well as economical benefits for emerging markets. I believe there is a way to make other nations prosperous without costing the US everything, however.
  9. jag216

    Thamim - The man on the inside

    Many Bothans died to give us this information.
  10. I would love it if my credit union got rippled. It current has no outbound international transfer service because they are all too expensive to babysit.
  11. This is all truly awesome news. Really showing intelligent innovation, and a sign Ripple is not going to settle for "good enough" - their aim is not dictated by the limits of their competitors.
  12. Not surprised with this. I'm looking to pivot globally as well. Malta is looking good. My brother is a fingerstyle guitarist on cruises and he travels the globe and says Malta is his favorite place to chill.
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