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brianwalden last won the day on January 18

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About brianwalden

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  1. Ser, we built all this to get away from the real financial professionals.
  2. @FOOD, man. You're testing my policy to automatically laugh react to every meme that gets posted. You do have relatively large testicles though.
  3. Have you tried just putting your 15-word phrase into a XUMM wallet and see what happens?
  4. You normally don't think about how many LP tokens you want to buy. You think in terms of how much you want to put in. So if you want to put in $100-worth into the pool, you can go to the provide liquidity page and put in 50 for CAND (half of the $100) and it will tell you how much SGB you need to provide to match it. Alternatively, if you know you want to put in a certain amount of SGB, enter that and it will tell you how much CAND you need to add. However much you provide, both sides will have the same dollar value.
  5. Remember, Ripple's primary defense is that XRP is not, in fact, a security. This defense doesn't depend on any of the shenanigans at the SEC, but the nature of XRP and how it relates to securities laws. Ripple's secondary defense is the fair notice defense. This is where all that knowledge of what's going on at the SEC is useful. I think this gets the focus because it's an easier win, but it comes with a lot less long-term security. It's basically a ruling that the SEC could make cryptos securities in the future if it gets it's act together and issues clear regulations. Honestly, Ripple winning on their primary defense is the big prize. From the very beginning, Ripple thought everything through and did everything they could to create XRP in such a way that it wouldn't fulfill the requirements to be a security. That doesn't necessarily mean that they succeeded (we'll find out eventually), but almost no one other coin was created in such a way to protect themselves from American securities laws. It would be a huge win for Ripple; they would have basically slipped through the door and closed it tight behind them so others couldn't follow. Personally, I've stopped caring about securities laws. 99% of DeFi is securities according to American law. For the first time ever, the financial tools that were only available to the rich are available to everyone and the US government is blocking Americans from this opportunity, leaving the ones who dare to tread into DeFi unprotected from the actual thieves and malicious actors. It's downright evil.
  6. Yup. Everyone's looking to fill a different risk profile.
  7. Sorry. Solana, Terra (LUNA), and Avalanche are three networks that catapulted into the top 10 in late 2021. Crypto Twitter has started to collectively call them Solunavax. While I think Bitcoin and Ethereum's network effects are going to keep them dominant, I think this push outward to more networks is going to continue at the same time. My money is on Fantom. It's got a nice little ecosystem started, it's caught the eyes of some big devs, and it has the advantage over Algorand, for example, of running the EVM. Anyway, if you're looking to pick an L1 network winner in 2022, my money would be on Fantom. That's not going to fit everyone's risk profile, and there's probably more money to be made in other classes (like gaming/metaverse), but that's just my two cents.
  8. I don't know about whales, but using volatile assets as collateral is a dangerous game. It's not like stonks where you get a margin call and have until the end of the day to come up with the funds. When you hit the liquidation point, you get liquidated, even if it's just a wick. If you're going to do it, start small and learn. It's one of those things you can't really fully understand by reading about it. You've got to experience it to really know it. A hodlr can survive any bear, but liquidations can absolutely wreck you.
  9. FlareFarm is where you stake either single tokens or LP tokens to earn SFIN rewards. So first you need to go to FlareX (the swap page) and click on Liquidity and provide liquidity to the SGB/CAND pool (equal amounts of each coin by value). This will give you LP tokens that you can stake in FlareFarm to earn SFIN.
  10. Now imagine having to do all that to pay for groceries. Truly this is the future of finance!
  11. I often think about what would have happened if Jed had been able to persuade Ripple to keep pushing the bottom-up approach. He'd probably still be too much of an ass and end up outside the company anyway. But Ripple gets it's name from Ryan Fugger's RipplePay. The whole idea is that it's a network that lets everyone issue and transact in their own value. While this is technically true of the XRPL today, with no support from Ripple it's nearly impossible from a practical standpoint. Ripple hasn't supported this vision in half a decade. At some point the script went from Ripple going out to hunt down some liquidity to finally make the RipplePay vision possible, to Ripple becoming all about being the FinTech consultants for big banks. As someone who got involved because of the possibilities that I saw in the XRPL, this has been incredibly frustrating, especially as I basically see DeFi picking up this mantle that Ripple left behind.
  12. The point of the deal is to limit his selling, not speed it up. It doesn't require him to sell, it just puts a governor on how much he can sell in a day. I was in my second week of crypto when Jed announced "Sales Incoming." The fear that Jed would perma-nuke XRP by dumping everything at once was scarier than the March 2020 or May 2021 crashes (albeit limited only to the XRP community). At that time Ripple still believed they could gain traction in the payments industry by going through small and medium businesses, the big banks were still there but more long term. Jed dumping it all would kill all those prospects. If they knew then what they know now, that they'd be focused exclusively on larger banks and FIs, even to the point of letting the XRPL turn into a ghost town from 2018-2020, and it would be years before they have any real world use, I think they would have just let him nuke it all. Would a bank today care that XRP went from half a cent in 2014 to some tiny fraction of a cent until finally recovering in 2017 or whatever? Today, those three years (or however long it would be) of darkness would mean nothing. But back then it was a really big deal.
  13. Ripple should redo their deal with Jed. Remove all selling limitations on the condition that he sells it all within 30 days or something like that. Just get it over with.
  14. For years Jed always sold on a schedule.
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