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brianwalden

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brianwalden last won the day on October 22

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  1. Yes. This is the reason why 90% of people in crypto say their coin isn't a security. They don't actually give a crap about the penumbras of the law; they only care about the practical effects that being a non-registered security have on the future potential of their investment. If I'm inviting a strictly observant Jewish friend over for dinner, then I care about whether or not food is kosher. But it's not because I suddenly believe that non-kosher food is bad, it's just that I care about the practical effects that it has on my ability to be a good host. People still fear what governments can do to crypto. But they don't believe the doctrine that registered securities are good and unregistered ones are bad.
  2. So what? Is privacy illegal now, too? Ethereum is not our enemy, guys. Ripple's tactic of pointing the finger at Ethereum is a legal one. The point of it is to highlight how bad the SEC is, not Ethereum. I don't care how badly the rest of the crypto world treats us, they're our brothers in this fight. Even David Schwartz has said one of the first things they want to do with federated side chains is create a ledger that runs the Ethereum Virtual Machine.
  3. I have nothing against kosher food, but when I'm at the supermarket the question of whether or not a product has a little mark identifying it as kosher means nothing to me. I don't care one way or the other. There's a growing number of people who feel the same way about investing. Being a registered security is the stamp of approval that you're kosher with the high priests of TradFi. I've lost the faith, I don't belong to TradFi anymore. You could say I'm DeFiant. Being a registered or unregistered security or whether something is a security at all according to the SEC's definition doesn't matter to me. The only thing I care about is, "Is it a good investment for me?"
  4. Mirror is offered in the US. It's DeFi, they don't KYC, anyone can use it. In my opinion synthetic stocks are clearly and unambiguously an SEC violation. Let's see how they're actually able to enforce it against a Korean company. The unfortunate fact is that Ripple and it's executives are not well liked in the larger crypto world. Terra and Do Kwon are. This could become a cause for the crypto community as a whole to rally around. Even the dynamics are opposite. Ripple's strategy has been to build a legal fortress for nearly a decade now and wait for the siege to come. Terra is going on the offensive - it's a good narrative.
  5. RippleTrade has been shut down since 2016. There was a verification process in 2015, but that also ended long ago. What are you trying to do, access funds?
  6. Unfortunately, that volume has been mostly on the sell side lately. SOLO's price has been tanking.
  7. Why shouldn't you? You have those wallets because you've been involved with the XRPL for years and actually tried to use it in various ways.
  8. I collected baseball cards as a kid. I really enjoyed buying a new pack and sorting them into my collection. It was something for my dad and I to do together. Wholesome. It was still a bubble and so are NFTs.
  9. Just to clarify for you, this isn't XRP support. This is just a message board for ordinary XRP enthusiasts. Unfortunately I don't use hardware wallets, so I can't really help. I know the Ledger brand seems to be much more popular with XRP holders than Trezor, but hopefully there's someone here who can help. Ok, I did a little googling. This tweet is almost a year old, so maybe something has changed. But it looks like Trezor doesn't support what you're looking to do: I know you probably don't want to buy a new hardware wallet, especially if you're using it for several different cryptos. One quick and dirty solution might be to get a new XUMM wallet to use for these airdrops.
  10. While I agree that there's some degree of money laundering going on (it happens in the regular art world too). I think you underestimate both the profound stupidity that humans are capable of and the enormous size of whales' bags.
  11. Dude! You just stole somebody's JPEG! I generally agree with you that this is a bubble, but it's a bubble that could go on for a while. If you've got the guts to trade them, go for it, there's a lot of money to be made. I just wouldn't go in on them as a long term investment. NFA, DYOR, etc. The best argument I've seen for these profile picture type NFTs is that they're a form group identity and culture. The art is purposely not supposed to speak to outsiders - you and I aren't supposed to get it. The NFTs create a cost to be in the group and whole digital subcultures evolve around them on Crypto Twitter, Discord, Telegram, etc. I think that argument has some merit, but what really undercuts everything for me is when I did a little research and found out that almost all of these NFTs don't actually store the image on the blockchain. There are a few specialized ledgers for file storage, but all your hot NFTs on Ethereum, Solana, etc aren't using those. What you're actually buying is a link to an image that's hosted on some central server somewhere. Maybe I'm too old school for this young man's game, but that defeats the whole purpose of using a decentralized ledger. In the big picture, I think the current NFT fad is just the demo phase, the first proof of concept for what's to come. NFTs and, generally speaking, tokenization involving various degrees of fungibility are going to be huge. You can read about the big, obvious use cases for gaming and digital rights management. But I think it's going to unlock value in ways we probably can't even imagine. For example, earlier this week I was reading about the possibility of tokenizing your house which would allow you to use it as collateral for a loan. Imagine if you put that loan in some stablecoin investment that earns more than enough yield to pay off the interest on the loan. You could use that to set up an escrow that pays off your property taxes. Your house now pays for its own taxes. Technically you can do this now, lots of people get home equity loans, but practically speaking there's too much paperwork and too many middlemen taking their cut along the way. The fluidity of this new financial system that DeFi is building is what opens up a whole world of possibilities (and also a whole world of scams so be careful out there).
  12. I'm not a libertarian, I agree we need regulation. But the form of it we see today does not serve the purpose of protecting the innocent from the malicious actors. My only only point is that ledgers themselves must operate independently of regulation. You can't have a global settlement system where the Chinese are worried about US regulators influencing how they're able to conduct they're business. I think Ripple's model of working with institutions to build tools around the ledger so that they can be in compliance is a good one. My basic thinking is that the government shouldn't, for example, be able to shut off your water and sewer because you're a bad person. But they can regulate it to make sure the pipes and water quality are safe and people don't dump chemicals down the toilet and whatever. Distributed ledgers are the same way, they're a financial utility. The value must always flow if it's a valid transaction. Governments can regulate around the ledger. So I think I'm actually closer to your position than it maybe appeared at first.
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