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Zedy44

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About Zedy44

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    Zedy44

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  1. Japan has a really backwards system for domestic banking that has strict transfer laws where money cannot move easily on weekends or weekdays during certain time windows. Japan is also suffering from a heavily reliant cash-based society when compared to rivals like China and even the US. A majority of purchases are made with cash or "cash card". I think this is why the idea of a domestic digital currency has been floated before and it's pretty much only attractive to Japan due to these unique circumstances.
  2. For anyone interested I received an email from Cred regarding the upcoming spark network token drop / fork. I was actually just thinking about this scenario, but I'm glad they provided some clarification, though it's rather short term notice because user must setup a new program by Sept 14th (Monday) to take advantage of a 5% rate, which I assume will be the premium rate since currently they are offering 2%/3% for XRP.
  3. I'll mention a few weeks ago when Uphold offered their weekly automated purchase tool I've begun making weekly purchases of LBA as a long term investment. I still exclusively choose to receive all payouts in USD for anything I put into a program and my weekly purchases will go into a program at the end of each month.
  4. I don't think that is accurate in any way. They took a very corporate approach to working with the broader community, but Ripple isn't unapproachable. They didn't slam cease and desist orders on folks developing 3rd party projects. Ripple is still the best game in town if your an investor expecting an enterprise-class solution to be adopted widely in the fintech space. I don't think any other team even comes close in regards to business networking / partnerships and more importantly, regulatory navigation on every continent.
  5. IMHO it sounds like Ripple's executive team had grossly over-estimated the real developer interest in the crypto ecosystem much like the broader investment community. They tried throwing money at 3rd party projects which were not adequately knowledged or established enough to make real use of the funding. I think for the most part they got far too little in return for what they paid out these last few years. They were effectively a start-up trying to fund start-ups within their own ecosystem. Maybe the next plan of attack will go better.
  6. Hadn't heard anything. Of course I only hold minor amounts of LBA, but this is interesting nonetheless. Curious if it goes anywhere.
  7. I don't see what value would come of a partnership between the two. Their products / approach are apples to oranges. The only potential link seems to be SBI holdings and that connection for Ripple hasn't exactly been paying out dividends over the last 3+ years.
  8. No. Arbitrage bots have been around for years. I think the only thing Ripple has done manipulation-wise is attempt to control the volume and transaction sizes with ODL to make data interpretation / analysis easier to better understand how to evolve their product and/or roadmap.
  9. One of the reasons I am taking the route of only dealing with stable coins / USD is for my tolerance, or lack thereof, for dealing with tax implications of LBA distributions. Uphold does make it pretty easy because they give you the forms, but getting a guaranteed 10% in straight USD with just a standard 1099-INT for the distributions is pretty nice IMHO. But I hope LBA does well. I like the team and the product and they are still under the radar.
  10. I've moved my Cred balances into the uphold based stable currency UPUSD to hit the 10% interest rate with the 10k LBA staked. Standard USD is back up from 5% to 8%, but I'll take that 10% if I can find it against a stable currency. On a side note I thought about having my payouts in LBA going forward since LBA had laddered a lot lower and has recently been on the rise back up, but there's additional risk there and honestly the USD payout @ 10% interest is a no-brainer to me. Another note -- one perk of using UPUSD you can see through Uphold's app the current UPUSD liquidity, which is fairly
  11. I'll admit I'm partial to the June 2019 poster.
  12. Expecting Dow to drop to $15-16k range when US announces a country-wide shelter-in-place order. There have also been rumors going the FAA will ground all non-essential domestic flights due to pretty consistent issues over the past week for certain cities to keep control towers staffed due to the virus. I think if the US jumps to these extremes we'll head off the mess that is hitting Spain and Italy currently. If folks in the US want to continue to just do there own thing it's going to get much worse. I have a pretty unique perspective as my fiance is an RN working at a level-1 trauma c
  13. @Mitty did you receive a 1099-INT from Cred with your LBA payouts? I received one because I take my payouts in USD for simplicity sake, but if Cred would provide a USD-translated 1099-INT for LBA payouts or a 1099-B I'd consider taking payouts in LBA going forward.
  14. Ripple can do whatever they want. They are a private enterprise leveraging existing infrastructure that they've built upon. Nothing stops them from building out a completely different set of infrastructure or moving in a different direction, albeit their existing customers would probably not feel comfortable with such an announcement so it's highly unlikely at this point. They also stand to profit the most from XRP's success given the company and founders are already holding the majority of it. Ripple / XRP also has significant brand value at this point.
  15. No idea. I mean it shouldn't go much lower than what the presumed cost-to-mine bottom is...somewhere in the $3000-$3500 range I think is the "technical" bottom. Do technicals matter when markets are irrational? No. But if it goes below that I think it would be temporary and right back up. If we see that range I think you'd see a big selloff in the "alts". Last week was already pretty crazy...the -50% was intense. But it doesn't seem farfetched in the crypto space to see something even more drastic right now.
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