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spiras

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  1. Like
    spiras reacted to Roaring_Twenties in “Past, Present and future of the International Monetary System” - Brad Garlinghouse Presents at Swiss National Bank conference   
    Yeah I was going to mention that as well.
    I can only assume that there were a lot of great conversations off camera and several conversations that weren’t that productive as well. Some of these folks may just have too many paradigms getting in their way to be engaging.
  2. Haha
    spiras got a reaction from bloodhound in “Past, Present and future of the International Monetary System” - Brad Garlinghouse Presents at Swiss National Bank conference   
    I'm sure many and more productive side conversations are held outside of the actual meeting. 
    I don't think anyone is running out the door as soon as it ends... Except for maybe the guy who abruptly woke up at 7:17.  He's probably going to back to his room and take a nap as soon as he can.
  3. Like
    spiras got a reaction from VanGogh in “Past, Present and future of the International Monetary System” - Brad Garlinghouse Presents at Swiss National Bank conference   
    I'm sure many and more productive side conversations are held outside of the actual meeting. 
    I don't think anyone is running out the door as soon as it ends... Except for maybe the guy who abruptly woke up at 7:17.  He's probably going to back to his room and take a nap as soon as he can.
  4. Haha
    spiras got a reaction from GiddyUp in “Past, Present and future of the International Monetary System” - Brad Garlinghouse Presents at Swiss National Bank conference   
    I'm sure many and more productive side conversations are held outside of the actual meeting. 
    I don't think anyone is running out the door as soon as it ends... Except for maybe the guy who abruptly woke up at 7:17.  He's probably going to back to his room and take a nap as soon as he can.
  5. Haha
    spiras got a reaction from GiddyUp in Here's what I need   
    Great idea.  Just send me your bank account and pin and I'll direct deposit my check. 😄
  6. Haha
    spiras got a reaction from aavkk in “Past, Present and future of the International Monetary System” - Brad Garlinghouse Presents at Swiss National Bank conference   
    I'm sure many and more productive side conversations are held outside of the actual meeting. 
    I don't think anyone is running out the door as soon as it ends... Except for maybe the guy who abruptly woke up at 7:17.  He's probably going to back to his room and take a nap as soon as he can.
  7. Like
    spiras reacted to musclehog in Alex cob is good for the space   
    The lad actually delivers some decent news. Yeah he is kind of a xrp maxi but what ever. 
    He doesn't give price predictions and is always on top of announcements. Around 30k subs on YouTube so he is becoming a prominent voice in the xrp system. The lad deserves a bit of praise for all the work he does.
    crypto eri and cob are all over it. Shout out to the other YouTube maxis too. 
    hoggsy aka lemonmule aka chocolate starfish  
  8. Haha
    spiras got a reaction from NightJanitor in Here's what I need   
    Great idea.  Just send me your bank account and pin and I'll direct deposit my check. 😄
  9. Like
    spiras reacted to GiddyUp in Here's what I need   
    Hi @spiras  You're not the only one foregoing the new car and buying generics  I'd rather invest, don't care much for "keeping up with the Jones-es"...
  10. Like
    spiras reacted to Zerpaholic in Here's what I need   
    Send me your pay check in USD and I’ll send you XRP. 
  11. Like
    spiras got a reaction from GiddyUp in Here's what I need   
    My thought was that it would be easier to keep track.  Formula = current balance + total amount spent - USD equivalent into account from Direct deposit.
    That would be my capital gain.  No actual crypro to crypto trading.  Just money in, money out, plus current balance. Beautiful. Simple. Or jail if I'm wrong. 
    Maybe I might want to pay a tax lawyer /accountant for the first year.
  12. Like
    spiras reacted to GiddyUp in Here's what I need   
    Good point - the first year I had to buy BTC to transfer to XRP and doing taxes was messy. Since then I've only bought XRP straight up and never trade or sell for that reason. I suppose someone has or will implement software to track all that, but yes it seems like it would be tricky.
  13. Like
    spiras reacted to at3n in Here's what I need   
    @spiras How would you keep track of capital gains tax?
    Actually interested in people's take on this, it seems unmanageable to me.
  14. Like
    spiras reacted to GiddyUp in Here's what I need   
    FDIC insurance 
  15. Like
    spiras reacted to XRPJoe in Here's what I need   
    you can set that up on coinbase.
  16. Like
    spiras reacted to ringer2 in Here's what I need   
    This. 
  17. Like
    spiras reacted to tulo in Here's what I need   
    What's the point?
    It won't reduce friction in payments. It'll increase fees because there is a FIAT-XRP and XRP-FIAT conversion You hold a very volatile currency, which basically becomes gambling with your money (you earn 100$ one day you can have 50$ equivalent next day). You don't add any liquidity. Actually you'll need liquidity to do that and you'll subtract liquidity to the market.
  18. Like
    spiras reacted to GiddyUp in Here's what I need   
    Hi @spiras I was thinking something similar when I read this thread...
    Here's the quote:
      On 3/17/2019 at 12:52 PM, BobWay said:
    But the biggest impact for this community, is when banks start acting as "asset custodians" on the behalf of their customers. Banks are already "trusted" by consumer to hold their fiat. That is exactly what a bank account is. I will make a lot of sense for the non-early adopters and non-tech savvy to have their bank hold and possibly insure their XRP deposits as well.
      On 3/19/2019 at 7:30 PM, BobWay said:
    Ask them to buy XRP for you too. The one thing that drives bank to implement something is customer demand.
    GiddyUp Posted Tuesday at 01:37 PM
    Hi @BobWay there have been some breakaways from company Ripple to start or continue various projects, do you think that a group will ever break away and create one of these "banks" that hold both fiat and XRP side-by-side?
    Is there anyone reading this that is familiar with banking regulations and can tell us if there is anything in current banking regs that prevents them from doing so in the U.S.?
  19. Like
    spiras reacted to itcdominic in Here's what I need   
    research this........https://www.revolut.com/en-US/
     
     
  20. Like
    spiras got a reaction from Alluvial in Here's what I need   
    I need someone to set up a USD to XRP account that I can have my paycheck (or a portion of it) direct deposited every payday. 
     It would have to be sort of a traditional bank account that then converts to XRP for a minimal fee.
    I go to my employer and add the direct deposit to that account, and each payday, I automatically get credited with XRP.
    I then need a debit card from that account that would also work off a nominal fee to where I could spend my XRP into merchants or businesses that accept USD or XRP.  The conversion from XRP to fiat would be seamless and cost me almost.nothig.
    If I had that, I would just begin having more and more of my paycheck being deposited ad XRP... at first just for my discretionary spending, and ultimately ramping up to where I would move to paying  my utilities and other monthly bills from. 
    Essentially, I would be moving away from USD and operating strictly from XRP.  I wouldn't worry about spending my precious XRP, because it would be just like spending USD that I do now, for the same things.  The difference is that I would hold XRP for a period of time before spending or saving it.  
    If enough people began using this, it would provide tremendous liquidity, both in FIAt to XRP and XRP to fiat.
     
    Does this exist anywhere, and if not, who has the ability to create this?  I'm guessing an actual banking license would be needed.
     
  21. Like
    spiras got a reaction from earth in Here's what I need   
    As a side note, I wouldn't tell my wife it's an XRP account.  I would just give her our 'new debit card' to use for purchases.
  22. Like
    spiras got a reaction from GiddyUp in Here's what I need   
    I need someone to set up a USD to XRP account that I can have my paycheck (or a portion of it) direct deposited every payday. 
     It would have to be sort of a traditional bank account that then converts to XRP for a minimal fee.
    I go to my employer and add the direct deposit to that account, and each payday, I automatically get credited with XRP.
    I then need a debit card from that account that would also work off a nominal fee to where I could spend my XRP into merchants or businesses that accept USD or XRP.  The conversion from XRP to fiat would be seamless and cost me almost.nothig.
    If I had that, I would just begin having more and more of my paycheck being deposited ad XRP... at first just for my discretionary spending, and ultimately ramping up to where I would move to paying  my utilities and other monthly bills from. 
    Essentially, I would be moving away from USD and operating strictly from XRP.  I wouldn't worry about spending my precious XRP, because it would be just like spending USD that I do now, for the same things.  The difference is that I would hold XRP for a period of time before spending or saving it.  
    If enough people began using this, it would provide tremendous liquidity, both in FIAt to XRP and XRP to fiat.
     
    Does this exist anywhere, and if not, who has the ability to create this?  I'm guessing an actual banking license would be needed.
     
  23. Like
    spiras reacted to 2ndtimearound in 17th June 2023: my open letter to XRP investors   
    Once again people are freaking out because XRP has dropped below the $80 support level.  $70 is on the cards in the next few days...and I can only imagine the retail panic if and when we get to that price.  Yes, we hit $100 - briefly.  We all knew sell orders would kick in and we'd come tumbling back down.  We'd been on an incredible run, and we are due a massive correction.  It'll happen, people will panic, and I think a year long bear market COULD be on the cards.  Don't shoot the messenger, just my opinion. 
    Now I've said that - just breathe in, breathe out.  And let me give newer investors a quick history lesson and overview of the last 4 years, and encouraging words.   I'll go over some technicals too.  Apologies if you already know this, but it's all relevant.
    The last proper bear market was in 2018 / early 2019.  Read that again.  Fairly much we've been in a 4 year bull market (we used to call these "runs" as they were so short!). We've had a few bear "seasons" since then, but nothing decent.  We've been spoiled rotten.  Ever since the SEC gave XRP the green light in September 2019, it's been fireworks ever since.  What followed was a cascade of events that were clearly just waiting for the SEC to drop the flag.  The biggest reveal was xPool.  This blew away the idea that public exchanges would be used for xRapid liquidity, and that banks wouldn't hold XRP.    Instead, banks bought up XRP - causing its price to spike up to just under $10 by December 2019 (from a low of 50 cents in September 2019!).  Banks used their XRP with a non-public exchange known as xPool.  Central banks provided xPool with fiat liquidity.  Banks could trade in and out of this single exchange - facilitating cross-border payments.  Though non-public, xPool was fully transparent.  Every bundled transaction was publicly visible.  Transactions were bundled via Cobalt, with each bundle sent as a single transaction via the XRPL - where each bundle was then unpacked on private ledgers to maintain privacy for bank's customers.   The transparency of xPool meant that accounting firms could audit everything with certainty (with access to each bank's private ledger too), and that governments had full transparency themselves over every single international payment made.  A perfect storm for XRP was brewing.
    In fact, the demand for XRP became so great - from banks, central banks, institutional investors, retail investors - that XRP quickly overtook BTC and ETH in a huge wave of speculation that saw the space introduce the "XRP dominance" metric....which has never dipped below 50% since late 2019 (as an aside I met someone yesterday who flat-out didn't believe me that we used to have a "BTC dominance" metric!).  XRP's price was propelled by one good news story after another.  The whales who got in under $1 were waiting for a correction that never came.  And so the price just kept climbing.
    History lesson over. 
    I say all of this because even though XRP is due a big correction, the demand for XRP is only getting started.  Microtransactions is where XRP's new wave of demand will come from.  Coil is now 5 years old and since its partnership with Google - it's been the number one monetising platform for publishers.  Coil has proven that microtransactions have a solid future.  Next up will be M2M microtransactions on the ILP which will explode volume by at least x1000 what it is now.  You read that right.  Furthermore, STOs will finally be bridged via XRP so you can use your STOs to pay for anything - soon you'll be buying your happy meal with your STOs.  Not only that, but the fast food restaurant will reward your loyalty by loading up your wallet with some of their own STOs.  As mentioned, every transaction bridged by XRP.
    It's all coming - be prepared for a $1000 XRP in 2026 or so, with a nice long ride up to that price (I might take a quiet moment of reflection when we pass the $589 mark, more experienced readers will know what - or who - I'm referring to here).  However, before we see those numbers, I'm sure we're going to revisit a low of $50, so hold on to your hats and do not sell.   There's a decent number of whales who got in under $1 and have been waiting for this correction to sell into.  Let them sell, let them enjoy their gains. Take a breather, and get ready for the REAL ride. 
  24. Like
    spiras reacted to KarmaCoverage in Galgitron's Blog: Weekend at Bitcoin's   
    Funny video, except at the end.
    I've said it before, there will unfortunately be suicides when BTC finally collapses. I saw this with the real estate market, the stock market, and now watching the crypto markets.
    Just remember, money does not exist without life. Life is valuable, money is merely a tool for measuring value.
    ---
    For what it's worth, I see one more all time high for BTC coming. It makes no fundamental sense, but the market dynamics may blow the wind in that direction. Then a spectacular crash like 1929, aided by these "stable coins" which are effectively smart contract margin calls ready to auto execute.
    We are in the calm before the storm, the wind will blow, and it will be good, then bad, then done 
  25. Like
    spiras reacted to Hodor in This Is Crypto   
    Blog URL:  https://xrpcommunity.blog/this-is-crypto/
    Crypto - and its volume & volatility - are back!  Find out more & get the latest XRP news in today's blog:
    𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: Two economists publish a frightening paper describing how nations could employ negative interest rates on bank deposits.  
    𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Siam Commercial Bank (SCB) announced that they'd teamed with one of their customers, PTTEX, to implement Ripple tech; Ripple publishes its Q1 2019 XRP Markets Report; and Navin Gupta provides his insights recently in Dubai.
    𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: I cover more news from the XRP meetup in Amersfoort; The XRP Zoo conducts an interview with Curis Wang; and PayWithMoon promises they'll be adding XRP support to their Chrome extension.   
    I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so!  
    My blog announcement links on other platforms:
    Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
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