Jump to content


Gold Member
  • Posts

  • Joined

  • Days Won


WrathofKahneman last won the day on February 11 2020

WrathofKahneman had the most liked content!

1 Follower

About WrathofKahneman

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

WrathofKahneman's Achievements

  1. I'm excited for Noise! I appreciate your comments, really, but my bias though is that evolutionary psychology is a pseudoscience. With respect, it is the phylogenic approach that's the problem. You just cant biologize cognitive science and then explain how those cognitive traits came about by evolution; it begs the question. We do not understand the mind-body problem, so how can we create narratives about how it developed a million years ago - based on what fossil records? It's just storie-building without any evidence. All it is left to explore is analogy, on a compressed evolutionary time scale, with no account for culture. But again, I am biased and the field, while popular, is very controversial. (He said on an XRP board... I'll stop now )
  2. Yeah, for sure. MGI did sign with CoinMe to use their Bitcoin app. Could it be that they tokenize BTC on the network and ship around treasury amounts like Ripple did? CoinMe offering an important gateway?
  3. Doesn't it kind of confirm Ripple's approach to bootstrapping liquidity - Stellar has none, so buy MGI and make them run on it?
  4. I would recommend Daniel Kahneman's "Thinking, Fast and Slow" for good discussion about belief in decision making. Harari is hard for me because I love how he refuses an easy psychological reductionism/analogy (you don't have one "love" neuron that fires when you're happy), but then he plays evolutionary psychologist finding emergent properties, and evolutionary psychology is the worst sort of flim-flam. People only see what they project - there is no "mind" data available. Evolutionary psychology is worse than even economics. Maybe it's the totalizing power of capitalism, US crony capitalism in particular, pressurizing the need to discover the next Amazon, to escape being ground up by the 1% or to brag about your vision & virtue. But then there's just a lot of people selling stuff and talking s**t on the internet, too. Maybe most of the "true believers" who bought in just have something to sell.
  5. thanks, @Seoulite - I am particularly curious about how interoperable the tokens might be, if there is a possibility through different staking and minting options a stablecoin might inadvertently end up collateralizing assets from Songbird that aren't as proven/stable as those on Flare. Wasn't clear if the FTSO would remain FLR only. I wonder if securities issues become a talking point given governance. ¯\_(ツ)_/¯
  6. It's possible Brad & Chris have their cases taken care of, but Ripple is definitely going to be a while. A settlement where it is determined Ripple initially sold XRP as a security but no longer would still be a big win. It would signal XRP is not currently a security even though not formally within the SEC's role.
  7. fwiw, on the 14th, the account had a -20xrp tx. Bithomp is timing out for me right now, but first glance, it looks like another wallet opened? Could be anything but I can't pull the tx right now.
  8. So the judge seemed concerned overall about Ripple's eagerness to depose Hinman to find out about 3rd party conversations, in addition to the speech he gave. The Ripple team complained at the end that the SEC was stonewalling everything by invoking deliberative privilege. She granted the deposition noting that Ripple might cut off their nose to spite their face pursuing those 3rd party convos, in part I assume because she made clear there were other ways to gain knowledge of those besides deposing Hinman directly and didn't want him deposed 2x. It's clear though she thinks the case is exceptional and the Hinman speech is important. Then the Ripple defense raised the issue of meeting with ETH a week before his speech. She replied, "understood". very interesting.
  9. Is it fair to say that the wallet essentially absorbs an exchange's function for a payment sender? Through the wallet, Ripple directly provides XRP to the sender, receiving a fiat payment, at a slight premium over market price if the XRP is forwarded as a LOC. The receiving wallet will have to cash out on an exchange? (or could Ripple buy back the XRP on the other side in the wallet?) And then the age-old ODL confusion: in an imbalanced corridor, say USD->MEX, as XRP is always on exchange to be cashed out won't it suppress XRP price locally? And if so does it mean that price is stabilized by arbitrage alone primarily? If the XRP is sent to a receiver's wallet, not exchange, creating a slight holding time, does it incentivize holding XRP, allowing it to accumulate in the receiving wallet?
  10. But that's not what's happening. I just bought some in the US the other day. No exchange is banned from using it - the problem is securities law is not clear and many exchanges don't want to take the risk because they are not licensed for securities. If XRP were deemed a security - it would be completely legal to buy and own from licensed brokers, like Fidelty or Wells Fargo just like stocks. -and there you have it, the banks are making crazy money from a fully regulated and compliant XRP.
  11. Completely agree that people will be left out of wealth generating opportunities. I don't even think we have to imagine that for XRP - it is the case already. (esp. in Real Estate!) And because it's happening now, I see no need for the government to seize XRP for the banks to continue extracting these profits from people. Without eliding the difference between governments and banks, we have proof already confiscation/blocking of XRP isnt necessary. That's the statement from the video I differ with. Banks have lots of ways to retake value tied up in XRP - want a car loan? home loan? What if they run their own arbitrage bots to float the price higher? We know big banks are capable of manipulating FX and stock prices. XRP is not immune, especially if banks start using the DEX.
  12. Well, first, I take issue with the idea people will be scammed "later" - too conspiratorial for me. Look at the wealth gap in the world today, we have already always been scammed to be where we are now. As for the vid, I think he's a little too sci-fi; possible but not likely, and the definition of "fiat" starts to get hazy. Fiat implies the government can value it however they like. They confiscated gold in the US because USD was pegged to gold - it wasn't fiat. Today as true fiat, it is pegged however the government wishes. As long as USD is not pegged to XRP, they retain control. Besides, USD is already digitized, and it is a store of value off which other currencies derive their value. The government doesn't have to grab XRP, just require USD for taxes and tax it on the conversion and then they make $ off of the world's investment in it. I think the bigger issue governments are concerned about is monetary expansion. -but just a rank amateur opinion, he said he has an economics degree. Certainly deserves more thought. Econ seems like quantum physics.
  13. Wait..elites will scam us after XRP moons? -so these are the halcyon days?
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.