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WuWei

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Everything posted by WuWei

  1. Cage? More like a bunker to protect me, and my stash, from all of the constant FUD.
  2. Wow, this could really drag on: "all discovery shall be completed no later than August 16, 2021. However, the Individual Defendants request that the Proposed Order provide that the Individual Defendants and the SEC may conduct additional discovery until 120 days following the Court’s ruling on any motion(s) to dismiss filed by the Individual Defendants." Who blinks first?
  3. Maybe it's my OCD kicking in but just I noticed something strange. I went back only as far as page 686, and counted over two dozen posts by Jack21 with his avatar registering a consistent 224, and never increasing. What am I missing or is Jack a slick hacker in our midst?
  4. While the SEC suit really dragged xrp down in the short term, I believe that a lot of people see that there's enormous potential for what a good outcome will mean. Additionally, not only does the SEC's lawsuit look to have some major holes in it, (FINCEN etc) there seems to be a common belief emerging that a negative outcome would cripple much of the entire crypto field, and that this won't be allowed to happen. Looking at it in another way, it feels like a 50/50 bet where risking a moderate amount of money now has the potential for an enormous payout later - especially now that FLR is coming
  5. Another very interesting read on their website is the following: https://www.jdsupra.com/legalnews/us-credit-card-company-to-integrate-52241/ My take-away from this "no-action letter" is that they seek to constrain digital assets to a network which is only involved in money transfer: "The company will not promote or support listing or trading of the digital asset on any third-party trading platform." And... "Users who purchase the digital asset from the company will be required to affirm that they are acquiring the digital asset for consumptive use and not for speculative purposes."
  6. If these programmatic sales were engineered prior to XRP's 30,000% run up in price, do they then still look so out of whack, or only now that xrp's price isn't preceded by a 0.0000 something? As I've stated before, if they can make their ideas work, by putting in the hard work that's necessary to build out the foundation required to bring them to fruition, then why should I be in the least bit concerned by how generously they choose to reward themselves? My 'investment' was based upon my perception of how revolutionary I believe their ideas to be, and upon how capable I believe their team is,
  7. Would those same sales appear so "un-ethical" if, from the outset, a less than 0.1% sales strategy was agreed upon as compensation for bringing this whole idea to fruition? Before xrp appreciated by some 30,000%, those same sales wouldn't have appeared nearly as excessive as they do now. If they indeed had some programattic sales plan, do we now begrudge them for not having downgraded it as xrp skyrocketed in value? From my very first explorations of Ripple's endeavors, to me, it was a case of going big with the 100 billion xrp, in an attempt to capture an enormous chunk of the global money tr
  8. "It is essential that the SEC approach these new challenges in a fair and transparent manner, provide clarity and certainty to the markets and investors, and enforce the laws and regulations that hold market participants accountable." Chervinsky hasn't a clue what Roisman will or won't do, and to assert that this change in leadership won't have any impact is pure speculation. And that the "enforcement lawyers" are ultimately going to determine whether or not Roisman won't look to broker a solution, simply because they're "...here to stay," is utterly ridiculous.
  9. I don't necessarily disagree, however, if the author's first language isn't English, then this wouldn't be so unusual. What intrigue's me, is his mention of the escrow, which I've felt all along would be Ripple's biggest sticking point in getting a regulatory green flag. The SEC knows good and well what giving Ripple regulatory clarity would do to the price appreciation of xrp, and I can only imagine that they've been wildly reluctant to do so, if only from the standpoint of how much that would ultimately make their escrow worth. Not to mention the SEC's fears of triggering a flight from the U
  10. I found the "Unknown" post very intriguing, (language difficulties aside) including the author's reference to "...a much larger fiat issue." His assertion that the escrow was the catalyst makes sense to me, especially if the SEC anticipated that large scale adoption was about to occur. If this individual actually has any inside perspective on this at all, then I've gotta wonder if, similar to the flare distribution, that a similar disbursement was being considered for the escrow, as opposed to merely burning it. "Escrow should come to all of you, I apologize if I didn’t read it somewhere, this
  11. I agree as Ripple has been working for years to get this resolved. This might be a brilliant move on their part to actually force the issue; especially if they believe that they're on the cusp of a major breakout of adoption. It's possible that they revealed their intentions of moving forward in very specific manners, knowing that this would necessarily trigger an immediate reaction. There's no way that this issue can be ignored any longer, especially with the changing of the guard within the SEC - it's going to be dumped right in the lap of whomever takes over: day one. I think that this is c
  12. Wow, what an impressive resource - The Library of Congress is a treasure-trove of information: nothing else like it. With that being said, and although the title includes "...around the World." it struck me that neither the U.S. or Canada was on such an extensive list. Made me wonder if they've got something similar under a different heading....I guess I'll have to get off my a** and put in a little effort.... [Update]: I found a great resource: https://blogs.loc.gov/law/2020/10/united-states-blockchain-and-cryptocurrency-resources/
  13. The volume is now over half that of btc and now exceeds eth, at a price holding at around .50. Am I the only one who views this as a positive sign? Despite the F***ed up regulatory situation here in the U.S., Ripple; and in particular SBI; is brokering deals on a nearly constant basis. Although I fear that the 800 pound gorilla in the room is the U.S.'s reliance on SWIFT to enable them to be the financial bully of the world via sanctions, compounded by their fear of a flight from the dollar, the genie is out of the bottle. Ripple might well have to pack up shop and move their HQ to Singapore,
  14. I have to wonder if he isn't using a bunch of his proceeds from xrp and buying back into xlm? Just as stock buy-backs are often thought of as a means to prop up a stock's price, what if Jed has been doing this to make it appear as if xlm is doing better than it really is? Both the circulating supply and daily volume is such that I'd think that a constant stream of buying on his part could at least add support to the price of xlm. If my math's correct, xlm's volume is only about 1/8th that of xrp. I don't follow their news, but I don't recall ever reading that Stellar has anything even appro
  15. Years back, I read a very interesting analyst's review of companies that had achieved great success and accordingly, whose stock prices ultimately went on to reflect their "game changing" ideas. His observations really struck me, as I had gotten in, and then back out, of multipe great companies over the years, but had invariably cashed out too soon. Apple, Netflix, and Facebook but to name a few. What he identified was a pattern whereby early speculation would result in excitement and a significant run-up in price, only to be followed shortly by a consolidation of typically greater than 70%, o
  16. I'm of the feeling that due to the huge increases in the liquidity within the ODL corridors, that this will result in significantly increased utility within each corridor. At some point, this should result in more support going forward, even when speculation is the driving force behind these increases. I'd then expect to see a fairly consistent pattern of higher lows without as many big retractions following these run-ups. More of a sawtooth pattern up, or even sideways, with only an occasional sawtooth down. We'll see....
  17. If he was "man enough" to make a bet with her, then he should be a man of his word, and not be a little ***** and whine about losing the bet and selling them. Besides, if it were tools or something that he put to good use, then it would be a different story, but in this case it sounds like 'toys' that he doesn't even play with. I've got a friend who's been a collector of old antique bottles for years. I helped him and his wife move once and those bottles were a pita and he was a nervous wreck saying, "oh, oh, be careful, that one's worth $30" every two minutes. His entire collection probably w
  18. I've gotta wonder if Jed wasn't responsible for that big offloading of xrp and was buying up xlm to stir up its price. Although both xrp and xlm have seen better than 50% gains in the past 24hrs, xlm's 7 day rise is around 100% compared to xrp's 140%, which suggests a bit of a delay to me. We know that his sales are xrp volume dependent, so this would make sense in that regard. No other cryptos had been seeing anywhere near the % gains that xrp was enjoying until just recently as xlm started pumping as well. Although this makes sense to me, I obviously could be missing something. And yes, it
  19. There's some very strange flows going on, that's for sure. Yesterday, utilizing a maps overlay, I was attempting to trace where some of these flows were ultimately ending up, as many of them didn't appear to be over land masses. Ultimately I determined that one stream was ending up in the Azores while another looked to be going to Bermuda. Today I've identified a stream going off the western U.S. coast to who knows where. Another stream was ending up off the west coast of Africa, presumably in the Cabo Verde islands, and yet still another appeared to be going to Ascension island. Idk if the a
  20. I might tend to agree with this if it weren't for my observations of fiat leak yesterday. I leave fiat leak running in the background on my computer as it's often kinda fun to watch what the trends are, however, yesterday I noticed something different. Those little "bubbles" that go streaming up from the currency abbreviations listed along the bottom, have previously been associated with only a few countries. Yesterday, I noticed ones from Brazil, Russia, the UAE, Singapore, Thailand, and South Africa. This was definitely a change from what's been the "normal." As xrp's price, for whatever re
  21. I see an amazing philanthropic opportunity for Ripple's utilization of the escrow, and based on their past efforts, I think that this would make for a spectacular business plan. If they were to balance the company's ongoing needs with regular generous philanthropic disbursements, the governments of the world would have to take notice and would have little to complain about. Approximately 50 billion of an asset could do wonders for this world, if it were to appreciate into double or even triple digits. For example, that 50 billion could erase all current U.S. student debt at $30 per xrp. Howeve
  22. Ripple addressed this months ago, with their Wall Street Ad, which I interpreted as being their first 'warning' of needing to take business elsewhere. Being the reserve currency of the world, and acknowledging how cutthroat competitive the business aspect of anything "money related" is, it's not surprising that our regulators are heel-dragging, as they're scrambling to figure out a way to sidestep losing their immense financial leverage over others. XRP's near immediate transfers, combined with infinitesimal fees, almost certainly results in it being regarded as a threat to the U.S.'s ability
  23. Ever notice how it's always everyone's left eye that gets a little squinty in pictures? I've noticed it in my own pics even....
  24. Something of note in this announcement is the focus on what appears to be an intent to preserve the correspondent banking infrastructure, thereby maintaining their monopoly. "Built on Microsoft Azure, RTGS.global promises to completely overhaul the machinery of correspondent banking. The network safeguards existing commercial banking relationships, but will change the way they work" This sounds to me as if they've figured out how to "overhaul the machinery of correspondent banking" thereby still making it necessary for all the other banks to go through those big banks in order to pro
  25. "Available" to 43K banks, not on-boarded banks yet, or even any mention of estimates of those intending to utilize it. A key question is that of the necessary software, what's involved in it's integration, (how long, how hard and how seamless?) and significantly, the usage fees. A strong competitor; or ultimately even the "winner;" quite possibly; but at this point it's only an initial stages announcement, and it won't be until "Autumn" that we have any real idea of what the scope of this announcement will ultimately mean. The ability to integrate with existing infrastructure and the associate
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