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brianwalden

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  1. Like
    brianwalden got a reaction from JASCoder in Explain this NFT thing to me   
    I came across this interesting Twitter thread today. It's about NFTs on the Terra network, but you can abstract his observations to NFTs in general.
    His basic thesis is that most people are primarily in it for the money. This fits in with my views that right now NFTs are mostly another form of day trading with high risk and high reward. This doesn't mean that there's not a significant minority of people who are in it for the art. But the bubble or fad is created by the large number of people who are looking for a short term trade, quickly hopping from one project to another.
    Terra is a smaller network that literally had no NFTs about a month ago and now seemingly has a new project launch everyday. He believes the market just isn't big enough and has become oversaturated. Ethereum is obviously much bigger and is capable of supporting more NFT projects. I'm not trying to say that NFTs on the whole are going to be a bust (I don't believe that), I just think it's interesting seeing what's going on with NFTs in this smaller pond.
  2. Like
    brianwalden got a reaction from Noep in Charting the course of XRP   
    I'm cautiously hopeful on the long term future of the XRPL even though I'm not expecting my XRP bags to do much this cycle. David Schwartz's recent comments show that he never lost the original vision of a ledger that gives every account holder access to all the same financial features whether they're a blue collar worker or an international bank.
    It looks like Ripple is finally looking to bootstrap the XRPL ecosystem again. I think they've learned from the rise of DeFi. Ripple realized that they've got to incentivize users and developers to get the whole thing going, then they can pull back once it's strong enough to run on its own. If Ripple really does pursue a two-pronged strategy of developing the XRPL with a focus on utility for retail investors and small business, while also pursuing all of the big bank private network ventures it's been working on for half a decade, I think the XRPL can catch up and become a major network. Maybe more importantly, the world increasingly seems to be multi-chain and the XRPL is perfectly suited to become a cross-chain hub.
  3. Like
    brianwalden got a reaction from Tull in The Aesthetes Airdrop - Deadline is 21st October   
  4. Like
    brianwalden got a reaction from Skippy in Lubin invites his whale customers to behave fraudulently to hide their ETH holdings   
    You guys have turned into full on conspiracy theorists. I don't even have any animus towards conspiracy theorists; they usually identify where things don't add up right. But they tend to inevitably go on to reconstruct their own just-so narratives that are just as wrong. In this case you're misinterpreting a bunch of boilerplate legalese into some giant conspiracy.
    I don't doubt that the people behind Ethereum are a bunch of slimeballs. In comparison, most of the crypto world dislikes Ripple executives for being unctuous businessmen. They're all just playing the game. Hate the people with the power to run the game, not the players trying to get by in it.
  5. Thanks
    brianwalden got a reaction from omidtbv in How to claim FLR ?   
    Start here and then come back if that doesn't answer your questions:
     
     
  6. Haha
    brianwalden got a reaction from jbjnr in Don't Let Your Crypto Dreams Be Memes!!!   
  7. Like
    brianwalden reacted to Seoulite in FTSO matters   
    @FTSO_AU you guys have made a great start to this epoch! Congrats!
  8. Haha
    brianwalden reacted to PlanK in Don't Let Your Crypto Dreams Be Memes!!!   
    When the 'All transactions over $600 get investigated' rule kicks in...

  9. Haha
    brianwalden reacted to PlanK in Don't Let Your Crypto Dreams Be Memes!!!   
  10. Like
    brianwalden got a reaction from Seoulite in Redo the Flare snapshot?   
    They signed legal agreements with the exchanges. Calling a do-over is not an option.
  11. Like
    brianwalden got a reaction from PlanK in Being a registered security is like being a kosher food   
    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?"
  12. Like
    brianwalden got a reaction from Julian_Williams in Being a registered security is like being a kosher food   
    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.
  13. Like
    brianwalden got a reaction from Ahchai in Lubin invites his whale customers to behave fraudulently to hide their ETH holdings   
    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.
  14. Like
    brianwalden got a reaction from DavyJones in Lubin invites his whale customers to behave fraudulently to hide their ETH holdings   
    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.
  15. Haha
    brianwalden reacted to Seoulite in Being a registered security is like being a kosher food   
    You could say that, but it’s like the term “Sparktans” in that it is probably better not to say it ever.
  16. Like
    brianwalden got a reaction from Seoulite in Being a registered security is like being a kosher food   
    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?"
  17. Like
    brianwalden got a reaction from Ahchai in Charting the course of XRP   
    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.
  18. Like
    brianwalden got a reaction from sujing in Flare distribution   
    I've been checking out DeFi lately. Specifically non-Ethereum (because Ethereum fees are expensive), non Binance (because BSC apps are just pastiche of Ethereum ones) DeFi. It's all vaporware. There's all this great stuff that doesn't actually exist yet, if ever. I understand being disappointed in Flare's delays, but I'm more convinced than ever that the bitching and whining comes from people who understand nothing and just want to get their free shit. People who are anxious to get their hands on Flare because they know what it can bring are willing to wait. They know that crypto is young - I say this as someone who's been here for 7 years - and it's got a ton of potential to grow.
    This isn't financial advice. I don't know what will become of Flare, it might be big, it might not. But just stop complaining about having to wait to get your free stuff. It'll come, as will opportunities to put it to work for you. Just wait and judge it when you actually have something to judge. It's not like you paid for it.
  19. Like
    brianwalden got a reaction from Neurotoxin in Charting the course of XRP   
    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.
  20. Like
    brianwalden got a reaction from Neurotoxin in Charting the course of XRP   
    Why is everyone in crypto so concerned about what governments choose to favor out not. The whole point of crypto is to create a financial system that can't be manipulated by governments' slimy tentacles.
    You guys can invest for whatever reasons you want, but I think we'd all be better off telling governments to **** off rather than rooting for them to pick our preferred project over the others.
  21. Haha
    brianwalden got a reaction from BillyOckham in Don't Let Your Crypto Dreams Be Memes!!!   
  22. Thanks
    brianwalden got a reaction from BillyOckham in The Aesthetes Airdrop - Deadline is 21st October   
    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.
  23. Like
    brianwalden got a reaction from aavkk in Explain this NFT thing to me   
    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.
  24. Like
    brianwalden got a reaction from aavkk in Explain this NFT thing to me   
    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).
  25. Like
    brianwalden got a reaction from RipMcGillicuddy in Explain this NFT thing to me   
    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.
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