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Gepster

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  1. Like
    Gepster reacted to macropolo in Forte Integrates XRPL Features into Games Marketplace   
    Forte CTO details XRPL features adopted by upcoming games marketplace: 
    https://macro.biz/forte-integrates-xrpl-features-into-games-marketplace/
  2. Like
    Gepster got a reaction from Sau_Mon_ in Ripple - Is it a good investment in 2021 ?   
    If you can get your hands on some Ripple shares, i'd say go for it.
  3. Like
    Gepster got a reaction from Seoulite in Codius lives. Plans within plans within plans   
    IIRC Codius smart contracts are hosted.  Putting smart contracts on a decentralised chain is expensive.  Not everything needs to be decentralised. 
  4. Thanks
    Gepster got a reaction from henne111 in Do you think FLR should be drop at once or as planned? Please make your voice heard.   
    Sure, taxes flow in. Thing is: If you can't operate without the ability to take on cheap debt, you essentially live entirely on debt. 
    The US goverment is technically insolvent. It's a zombie enterprise on a whole new level. Meaning it has to rely on loans and defecits, to maintain operations. 
    But the US can always raise the taxes, you say. Like the US Government, 20% of US listed Corps are also insolvent. It's a house of cards.

    All this to say; We don't dont hate American's, we are merely asking for a little modesty.
     
    *peace out*
     
  5. Like
    Gepster got a reaction from Seoulite in Do you think FLR should be drop at once or as planned? Please make your voice heard.   
    Sure, taxes flow in. Thing is: If you can't operate without the ability to take on cheap debt, you essentially live entirely on debt. 
    The US goverment is technically insolvent. It's a zombie enterprise on a whole new level. Meaning it has to rely on loans and defecits, to maintain operations. 
    But the US can always raise the taxes, you say. Like the US Government, 20% of US listed Corps are also insolvent. It's a house of cards.

    All this to say; We don't dont hate American's, we are merely asking for a little modesty.
     
    *peace out*
     
  6. Like
    Gepster reacted to BillyOckham in Do you think FLR should be drop at once or as planned? Please make your voice heard.   
    If you don’t want to participate you can simply remove the messagekey (I think).  Just trying to be helpful.   
  7. Like
    Gepster reacted to PlanK in Do you think FLR should be drop at once or as planned? Please make your voice heard.   
    And without the Brits we wouldn't have computers to start with, or flush toilets.  Without the Germans we wouldn't have engines.  Without the Mesopotamians we wouldn't have beer.  Why does no one remember the Mesopotamians and their most majestic contribution to world culture and technology??? It's a silly argument because these technologies are often developed all over the globe it's just the ones who produce and market it successfully that get the credit.  By the same token I could say without America the Middle East would have peace, the world financial system would be corruption-free and schools would be a place to learn science and maths instead of religion and how to dodge bullets.  <-  See how silly that was?
     
    There's no hate for America, only for American fools who think an American problem is a worldwide problem.  You only need to take a look at how Ripple and Crypto is succeeding around the world to see that the FLR airdrop problem is an American problem.
  8. Like
    Gepster reacted to PlanK in Do you think FLR should be drop at once or as planned? Please make your voice heard.   
    ^  LOL.
     
    Americans have no idea how the rest of the world works.
    Here's a hint: Only in Hollywood does America save the rest of the world.
     
  9. Like
    Gepster reacted to thinlyspread in Do you think FLR should be drop at once or as planned? Please make your voice heard.   
    The rest of the world doesn't give a sh*t to be honest, and some find it quite irritating that others suggest the whole Flare project (which is not under US legal jurisdiction) should be changed just to suit a few whiny people in the USA. 
  10. Like
    Gepster reacted to Seoulite in Do you think FLR should be drop at once or as planned? Please make your voice heard.   
    OK let's clear a few things up.
    After the network goes live, there is no 'Flare'. There is Flare Ltd, the Flare Foundation, and the network itself. After the network goes live, the people you are calling 'Flare' will become Flare Ltd, a for-profit organization. The Flare Foundation is a non-profit which is not controlled by Flare Ltd, and which can be dissolved at any time by network governance vote. 
    45 billion spark are being airdropped to XRP holders. 30 billion spark will go to the Foundation. 25 billion spark will be held by Flare Ltd. Flare Ltd (or any other 'Ripple-like' entity) is not holding your FLR, they are not continually giving you your FLR. Your FLR will be locked in a smart contract with your name on it at network launch, and the FLR is released from the smart contract according to the schedule. Of course it is ambiguous who 'owns' this FLR in terms of tax, but one thing is for sure: Flare Ltd does not hold your FLR, they have their own FLR.
    Should they distribute everything at once? No. Most people would dump everything. Plus, the 15% initial release coupled with the 10% total supply inflation means that the potential yield for participating in the network is more than six times higher than it would be if they released everything. Of course that assumes that everyone receiving the airdrop participates and doesn't sell, which won't happen, so the yields will be far higher than that. 
    This network is carefully designed every step of the way to help itself get off the ground and incentivise people to help it get off the ground. 
  11. Haha
    Gepster reacted to HenrySeldom in Do you think FLR should be drop at once or as planned? Please make your voice heard.   
    Interesting.
    Reminds me of the scene in Raiders of the Lost Ark where Indiana Jones just shoots the dude with the fancy sword tricks. In this case you're the dude with the sword and the IRS is Dr Jones. 
  12. Like
    Gepster reacted to PlanK in Chris Larsen to BTC: Reconsider POW or become irrelevant   
    ^
    That would indeed cause more fragmentation.  There will always be the 'burn the banks to ground' brigade that will hold onto their 'mining is the only way' beliefs.  I like the way Ripple has made a decentralised protocol while having centralised leadership.  They have direction and purpose and not held hostage to minorities.  BTC without positive purpose has just wandered along for years with factions forming and dropping off to build the same project but with a new image, while not actually improving the underlying technology.
     
     
     
  13. Like
    Gepster reacted to Zerponaut in Chris Larsen to BTC: Reconsider POW or become irrelevant   
    Absolutely. I've been thinking this about Brad and other parties being 'complimentary' towards BTC and ETH lately. It's classic killing them with kindness. The more attention drawn to them, the more everyone finds out about their bad traits.
  14. Like
    Gepster reacted to Seoulite in Chris Larsen to BTC: Reconsider POW or become irrelevant   
    I think it’s simpler than that: him and BG are role-playing at being “responsible globalists” and are trying to ingratiate themselves in the American elite. Just like Bill Gates, they care a great deal about the little people, and want to help shepherd us towards a more comfortable consumerist utopia.
    Someone like Vitalik or one of these abrasive BTC maxis ranting about gold will never be accepted in those circles and don’t try to be. Sometimes it seems like half of Ripple’s business plan consists of: “Look we wear suits while these nerds wear ill-fitting tshirts. You can trust us!”
  15. Like
    Gepster reacted to PlanK in Chris Larsen to BTC: Reconsider POW or become irrelevant   
    The Crown Prince still has to give flattery to the ailing King, even when the Prince has taken most of the duties of the current Monarch. 
     
  16. Like
    Gepster reacted to HenrySeldom in My running analysis of the SEC v. Ripple, Larsen et al   
    I think you logicked your way to the answer: a quick settlement shortly after Gensler takes office cuts the Gordian knot. 
    I still sense this strange overall tone of pessimism from Pablo. It's interesting, but seems a bit at odds with Ripple's sweep of (small but meaningful) court victories lately. 
    Also, I think the market is starting to price a settlement in. Sometimes it "knows" more than we do. 
     
  17. Haha
    Gepster got a reaction from thinlyspread in (CryptoEri) FlashFX 900% transaction growth   
    Good work i guess, but is there anyone who actually falls for this ''900% growth'' marketing?
     
  18. Haha
    Gepster reacted to NightJanitor in SABB and ripple   
    I clicked on this thread half-awake and half-expecting to see an extremely well-engineered, but tiny, Swedish hatchback.
  19. Like
    Gepster got a reaction from RikkiTikki_is_Back in Is Joel Katz AKA Satoshi???   
    no.
  20. Thanks
  21. Like
    Gepster reacted to Ironhalo in My running analysis of the SEC v. Ripple, Larsen et al   
    The thing that I find so compelling about XRP (despite spending a lot of time swearing under my breath) is the fact that there is an awful sense of serendipity regarding the timing of calamitous news/actions against XRP. Recall in 2017 when off the back of being the best performing crypto that year, and on approaching BTCs market cap, we magically had CMC pull the South Korean exchange prices from their site - resulting in a near 30% collapse in the price instantaneously and bringing the bull run to an end right there and then. Fast forward to 2018-19, XRP overtakes ETH and suddenly (as it appears in retrospect), the SEC starts amassing a case against Ripple for securities fraud - despite Ripple execs and Ryan Zagone saying they have been either, working with regulators for clarity or literally begging for the same clarity on-stage with SEC reps at numerous plenary talks/conferences in that intervening time. During the commencement of the next bull run, and with XRP starting to fly to 80c, Clayton drops the Wells Notice, and walks out the door to greener pastures the next day with his exec team in tow. I abhor conspiracy theories, but in light of Hinman's financial involvement with the ETH foundation and Clayton's subsequent employment to a Ripple competitor, it all reeks.
    In saying that, I will be the first to throw rocks at Ripple as well. The decision by Brad/Chris to cash in half their XRP to the tune of 9 figures before XRapid was in commercial production while not strictly illegal, is morally indefensible. Considering Brad was driving Ubers for extra cash between tech exec jobs a scant few years prior, the decision to pay oneself so comprehensively from what was at that stage a fintech startup (albeit a promising one) is just bizarre. I would have no problem with him and Chris paying themselves a few million from private XRP sales, but 9 figures each for a few years' work? Come on.
    Regardless of my thoughts on that issue, I lean towards this being drawn out, but I think Ripple will ultimately come out on top, and vicariously, so will XRP holders. One thing that this case has highlighted to me though is that the SEC motives for bringing the case stink to high heaven, but more importantly, Ripple absolutely don't give one flying iota about the retail investors who have arguably driven liquidity for XRP over the last 8 years or so. 
    Position yourself accordingly regarding your XRP holdings.
     
     
  22. Like
    Gepster reacted to Pablo in My running analysis of the SEC v. Ripple, Larsen et al   
    You are correct that I wasn't confident of a good outcome. However it goes further than just the outcome of the case. It extends to the fact that a redemption clause was there in the first place for Tetragon and other Series C investors.
    It's bothers me a lot that Ripple granted insiders access to confidential information and money-back guarantees on their investment (of Ripple stock), an investment that was tied by the Series C investors to the value of XRP as a fungible token. Moreover, those Series C investors tied the value of XRP to Ripple's ability to drive utility outside the scope of securities laws. The irony isn't lost on me: they conducted a valuation of XRP as if it was a security while getting refunds if XRP was deemed a security. What a deal.
    What does this all mean for humble retail investors of XRP?
    That depth of information asymmetry will reduce significantly if Ripple's, Brad's and Chris' sales of XRP are treated as securities offerings; They will wear the risk of securities lawsuits if they fail to give us the full story in future; and Tetragon's litigation revealed everything the Series C investors knew and know now. If these smart investors need money back guarantees from Ripple dependant on the outcome of regulatory outcomes, I'll take my own measures to hedge the risk of holding XRP. All these points represent a bag of big wins for retail investors of XRP. 
    Tetragon can revisit the redemption again depending on how this plays out - their money-back guarantee is intact. I agree with @HenrySeldom that Tetragon may have a harder time triggering the redemption because there is a real possibility that a settlement/order determines that XRP itself isn't a security "on a going forward basis" (even if Ripple's sales of XRP amount to securities offerings).
    Finally, I will always be conservative in most of my opinions on these court cases because going to court is inherently risky and uncertain. Everyone is talking about clear skies and "Moon Lambos for Everyone!". I'm more interested in what Plan B and Plan C look like for Ripple so I can assess and hedge my risk accordingly.
    If anyone wants to invest less conservatively than me, I will only wish them riches and happiness.
  23. Like
    Gepster reacted to princesultan in Attorney Hogan Talks About the Surprise Bombshells Dropped at the SEC v. Ripple Discovery Hearing!   
    Maybe I’m hard of hearing but I didn’t hear the SEC say that the securities issue only applies to ripple
  24. Like
    Gepster reacted to RobertHarpool in SEC hearing today, some interesting early feedback from those on the call!   
    VALIDATIONS from my readings:
    1. The SEC wants the records to see WHETHER there was an issue. Sorry boys. That’s not how it works.
    2. The SEC wants bank records to show XRP sales because each transaction is a violation. Uh … no, bank records don’t show the number of XRP transactions, moron.
    3. The SEC doesn’t understand how the XRPL works.
     
    OTHER notes:
    I’m embarrassed for Ripple lawyer for not capitalizing on the judge’s distinction about utility. Rambling on about use-case wasn’t the best approach. Talk about how XRP prevents spamming of the network. Talk about SPAM email/phone calls. XRP is a f’ing postage stamp that minimizes network BS. Make it clear to her.
     
    FAVORITE Quote:
    “presumably everyone in the world selling XRP is guilty of a section 5 violation”
     
    FAVORITE Highlight:
    “XRP existed BEFORE Ripple did as an organization.”
     
    FAVORITE Observation:
    Ripple’s attorney is not just making legal and rational arguments, but also PASSIONATE arguments. Granted these are the least valuable, but they are they most effective.
     
    LOVED:
    The distinction between SEC investigators and litigators. WOW. So powerful!
    Ripple’s jab at the SEC … that if they’re so sure of their position, they wouldn’t have a problem disclosing their determinations of BTC and ETH in discovery. I laughed whole heartedly.
    “We’ll be glad to deal with Mr. Tenrerio (sp) knowledge of the market.”
     
    DISCOURSE ANALYSIS
    “You’re welcome” from the judge to Ripple’s lawyer near the end demonstrated sympathy to Ripple’s (et al) cause.
     
    My Opinion
    The court says: Maybe the SEC can get this info in the future if they can show some fraud. But not now. 
  25. Like
    Gepster reacted to Xrpdude in John Deaton files Motion to Intervene re SEC vs Ripple   
    Some good news perhaps?
    Some people (Inc Jeremy Hogan) have a different, and more positive take. JH seems to suggest the time of filing isn't an issue. 
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