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About corak

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  1. "I feel like I almost have to give a trigger warning here, if there are any Bitcoin maximalists who've gone into this room, this material may be a bit triggering for them... just a heads up"
  2. securities and derivatives have to be traded against the nation's currency (the nation where the assets are traded). XRP never had a shot at directly trading for ANY equities or bonds, regulations would never allow it.
  3. I don't agree with your opening statement. Also, consider https://coinmarketcap.com/rankings/exchanges/ Bitconbase aren't even a relevant factor It's a drop in the bucket compared to just binance alone. Seriously, give it a rest already.
  4. There is another account with 4.4M left (rMwhLJ8VvvZq2PsfC9PBigZY5UWDj5jpHr) But it is almost over with. Took much longer than I anticipated.
  5. What does it even mean for the number of coins to be 'enough' or 'not enough'? It's a denomination. XRP is transacted in a unit called 'drops', there are 10**17 drops (1 XRP is one million drops). Prices for other things can be quoted quite accurately in drops. The burn rate is unrelated and is such a small factor that it can be completely ignored. It won't go under 99B XRP in our lifetimes. Should the system be in such massive use that somehow pricing in drops is no longer accurate enough, the ledger could be patched to increase the number of decimal places (i.e. 1 old drop = 1 bill
  6. Not all opinions or outcomes are created equal, some are significantly more out of touch with reality than others Case in point, expecting a heavily traded, well known crypto that's been around for several years to increase 1000 fold in valuation in like a couple of months, because reasons. Hint: your optimistic scenarios are part baked into the price already, which is why it's trading at $0.56 now rather than something like $0.006.
  7. I remember him advising others to sell when it was around $2 "if they made a life-changing amount of money from it" or something to that effect, on a discord channel. Life-changing or not, I really wish I followed the leader on that one.
  8. I don't think we can get B O G G E D down under 20c again without some actual XRP specific, or whole industry (regulations-related) bad news. Even a spontaneous flight of capital from BTC, down to say $3k, won't do it at this point. The people who can sell XRP profitably under 20c aren't interested in dumping, and there aren't _that many_ of them.
  9. I do see it as a speculative pump: many swing traders trying to get in before it takes off. Seems crypto traders were always reluctant to hold XRP, so they always had to pile in whenever their fears grew about it overtaking other cryptos, and only at the last possible moment (May 2017 and Dec 2017 pumps are both great examples of this). I think that is why this coin goes so vertical when it starts rallying. BTC and ETH don't behave like this nearly as much.
  10. I registered to Coil as well, no invite tho, I'm on the waiting list
  11. I imagine it will take a long time before you'd see Coil mentioned anywhere on a site on the scale of youtube. Whether Coil payments are that horrible hack or properly integrated is beside the point I think - it's just such an esoteric payment form that they won't bother telling users about it. I think it's pretty awesome that Coil finds these hacky ways to become relevant faster. Think how long it took CC companies to be taken seriously as a payment method - decades.
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