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  1. https://www.wsj.com/articles/china-widens-bitcoin-crackdown-beyond-commercial-trading-1505733976 Looks like contrary to popular belief that the China ban may be permanent. The possibility that China could not only outlaw mining (China is 65-80%), but could potentially take over mining farms to attack the blockchain seems to be real. Centralized Bitcoin. Who knew.
  2. In my latest blog post, I discuss micropayments, and how I believe that Ripple and XRP can be a perfect back-end processor for these low-value transactions. I originally posted a similar topic in the spring of 2017; I use a couple of the same sources, but I've since updated it with some current factoids and examples. Hope you enjoy the read! Leave any feedback below, and please feel free to share on other media. My announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  3. XRP will become the standard of digital currencies. Why? 1) Banks are here to stay. The argument that bitcoin or some form of virtual currency will replace fiat is a complete fantasy. I will bet that in 50 years, majority of people will still be paying for goods and services using fiat currency. XRP is designed to be most effective by using FIAT currency. 99% of people do not care about cryptocurrency. Ask your friends and family if they are willing to accept bitcoin as form of payment, most likely no. Heck, I bet most of us wont even accept virtual currencies as form of payment. XRP is designed so you can pay for goods and services with FIAT currency instantly anywhere around the world, not just in your country. If you want to send money overseas, it will take at least a few days and even up to 2 weeks with high fees. Ripple is the only company that allows fiat currency to be sent anywhere in the world instantly (3-5 secs). Ripple is the monopoly, no other company or technology can do this. 2) The power of XRP is you don't even know your using it. Bitcoin is used as a form of payment. Eg: Bitcoin → Goods and services → Bitcoin. People will have to learn how to use this and for the average person, its extremely complicated. Anything that is successful is simple. When XRP is being used, you don't even know your using it. Your not changing peoples habits by using XRP (think about it!). Example- If you want to buy a expensive watch in China, your most likely going to buy it with FIAT currency regardless of high fees or transaction times. If my bank happens to use the Ripple software and XRP for the cross-border transaction, the money will be transferred instantly with minimal fees. Me, as a paying customer wouldn't even know XRP is being used to convert my local currency to the overseas currency. The bank does this automatically! Its not replacing fiat currency, its acting as a tool to help it. That is why over 90+ banks are using this software already. This ultimately is the magic of XRP and where it wins over all cryptocurrencies 3) Ripple is pro-regulation. Bitcoin and most virtual currencies is designed to bypass government/bank controls. People underestimate the power of governments and banks. They literally control the world. New laws will be implemented to deter this type of behaviour. Look at China, they recently banned all yuan-bitcoin trading. Only logical more countries will follow and rightly so. Regulation is the only way to allow real growth. If I buy a item with bitcoin and I didn't receive the goods, its up to the seller to refund the bitcoin. I cannot go to a bank and ask to reverse the transaction. This alone deters 99% of real use cases that bitcoin was designed for. Because Ripple works with banks, if you did not receive the goods and services that you purchased, you simply tell your bank to reverse the transaction. This is one aspect of the benefits of pro-regulation. 4) XRP is the closest cryptocurrency to mainstream adoption. All cryptocurrencies including XRP is speculation until the they are actually used for real world cases. XRP is in a unique situation that no other "crypto" has, a actual company behind the technology. Ripple is a company that is backed by some of the biggest companies in the world. Why does XRP have value? Because Ripple already has 90+ banks using the software. It has real commercial customers using the software already. The fact that combining the existing software with XRP can save banks up to 60% in transaction costs is a BIG advantage. We are talking about banks, not people. Bitcoin is peer-to-peer. XRP is bank-to-bank. Given that already 90+ banks are using the software, if only 1 bank announces they will be using XRP, the value will skyrocket as it will become the first cryptocurrency to be used in real world situations. Its not a matter of if, but when they will start using XRP.
  4. “Digital tokens like bitcoin, ethereum that are stateless, do not have sovereign endorsement, a qualified issuing body or a country’s trust, are not legal currencies and should not be spoken of as digital currencies,” he said. “They can become a tool for illegal fund flows and investment deals.” He said there should be a distinction between digital currencies, which were being studied and developed by authorities such as the Chinese central bank, and digital tokens such as bitcoin. Digital currencies developed by authorities could be used for good, with the right regulation, he said. -Li Lihui, a senior official at the National Internet Finance Association of China and a former president of the Bank of China https://arstechnica.com/tech-policy/2017/09/china-may-be-getting-ready-to-ban-bitcoin/
  5. XRP has been performing better than any of the other top alts vs BTC over the past week. The only reason it's down vs USD is because BTC is down vs USD. If you look at their charts vs USD side by side they look nearly identical. XRP is the only major alt to actually have movements up vs BTC during this latest BTC sale off. Until the banks go live its looking like BTC will rule the price. But, XRP is doing way better then it used to during these things.
  6. https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/ "China’s regulators have now issued verbal directives indicating how they expect the businesses to wind down operations due to the fact that they are operating domestically without a formal license" I am curious how long is the process of obtaining a license. If anyone from China or in the know can shine some light on this, it would be awesome! Also, I think this is a blessing in disguise. Ripple is the only digital currency that wants to work with banks and regulators. It seems like this presents a perfect opportunity for Ripple to take a big step forward during all this regulatory crackdowns.
  7. I think the entire crypto landscape needs to change the tone and focus of discourse, or we may see a delay in mainstream investor adoption. I discuss this in my latest blog entry. At the end, I note that employees and leaders at Ripple set an example that the entire industry can look to for guidance! Please enjoy, and leave any feedback below - feel free to share on other media as well. My blog announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  8. I'll never defend or attack any major news source viewed as being liberal, conservative, fake, etc. They've all done it. With that disclaimer -- let me just put forward an interesting news post about North Korea and the Bitcoin exchanges in South Korea. Viewer beware. http://www.foxnews.com/world/2017/09/12/north-korean-hackers-targeting-bitcoins-to-fund-kim-jong-un-report-says.html
  9. https://www.google.com/amp/www.pymnts.com/news/international/2017/china-to-close-bitcoin-cryptocurrency-exchanges/amp/ My two cents on this is that the Chinese government wants to move into the crypto space using ripple after their visit a few weeks ago. Being that the government there has eyes and control over so much it's no surprise they are eliminating all competition. Sad as it is if they are in fact keen on using xrp to facilitate their crypto control over the banks, huge returns could be coming quite soon
  10. There seems to be a substantial drop across the board with no immediate catalyst that i can see. XRP briefly dropped to its lowest point since the swell countdown. Anyone pick up on something that i'm missing?
  11. I need help understanding tax implicatiions of holding and cashing out Crypto Currencies. So if in the event that Ripple reaches $1.00 a coin i will have made a gain of over 50,000 dollars. Using that as a basis for answering the folowing questions. 1. Do i need to report the gain on my tax returns even though according to the IRS this is considered Property? Because if something i own around my house suddenly appreciates in value i dont feel that this is reported(lets say an old magic card collection that suddenly increases valuse to over 100k which could easily be done with only a 3 card collection) would i need to report that propery value appretiation to the IRS? And if thats the case.. what if i simpy dont pay attention to the monetary value? same with a crypto currency.. i could essentially store a a cold wallet with a couple thousand coins and never monitor that value. 2. If i have to pay taxes on the gains.. how is the determined starting value and ending value be determined? if i file my taxes with 50k in coins and then the next day the value plummits to 1 dollar does that reverse the process meaning a capital loss would i get a bigger return the following year? 3. would it be more benificial to keep multiple crypto currencies incase one gets a capital gain and the other has a capital loss to help offset the taxes 4. what tax levies are placed on purchasing goods WITH the currency vs converting the currency to USD? Sorry if this is kinda out there.. any information you can shed some light on would be amazing. Im not big into stocks and how those are taxed. but from what i have read online... the IRS can take 15% to 28% of all of my gains every year. So if i have 10k worth of ripple and then it increases in value by 100% then the actual gain that i have to report is 10k which the IRS can take up to 2,800 of.. which also brings me back to the question "what if i just store it and dont monitor it?" gah... im so confused. but i dont feel too bad.. from what ive read the IRS doesnt have a firm handle on it either.
  12. Bitcoin is consistently hitting ATH after ATH right now. There are some predicting a pretty strong correction soon: e.g. https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html Goldman Sachs' chart analyst Sheba Jafari said in a Sunday report that bitcoin could reach $4,827, about $500 more than Monday's record high above $4,300. Once bitcoin hits that level, Jafari estimates it could drop as far as $2,221. Previous BTC drops have been steep. I know not everyone in this forum is a big believer in BTC, but overall crypto market sentiment is obviously still important for us. What are your thoughts? And more importantly, how would it impact Ripple/XRP? (and altcoins I guess, since this is the altcoin club)
  13. Despite all the hype, is blockchain tech really being adopted and used by businesses? I talk about adoption challenges and how Ripple continues to lead the pack in my latest blog. Ripple is one of the only fintechs that actually has a blockchain in production being used by banks; it's way ahead of the curve on this one! Let me know your feedback below, and as always, feel free to share my blog with others! My announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  14. https://cointelegraph.com/news/major-south-korean-conglomerate-enters-bitcoin-remittance-market Bitcoin as remittance? Would there be implications for Ripple in this?
  15. A good read, but do look at the comments. Bitcoiners are out in force on this one, lmfao. btc FUD. lmfao Cryptic clue? http://moneyweek.com/well-all-get-burned-by-bitcoin/ "We don’t really know what contracts have been linked to cryptocurrencies, what derivatives have been hitched to them, or how deeply they have been embedded into the financial system. One thing is for sure, though. In a crash, we would find out very quickly – and the losses might ripple out in unexpected ways."
  16. After bitcoins Segwit went live, bitcoins Transaction fees have been on the rise. This is not a small bump but a huge spike in fees. Will this be good for Ripple in the long run? What is going on here? You can see it in this chart. @JoelKatz @nikb @miguel @TiffanyHayden @Hodor @cmbartley @kanaas @zerpdigger @Hodlezerper https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m Here is a artificial about it. http://www.businessinsider.com/bitcoin-price-miners-making-killing-in-transaction-fees-2017-8
  17. I believe that XRP is positioned perfectly as a US company-backed digitial asset with solid use cases, to capitalize on the influx of traditional investors in the last half of 2017. I hope you enjoy the read: I wanted to time it right during the rally to remind folks that this is just the beginning - what we've seen is crypto day-trading money, not traditional investors. Let me know what you think positive or negative, and please feel free to share on other media! My blog announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  18. A closer look at cryptocurrencies

    (Dutch) Netherlands, Groningen, MartiniPlaza A closer look at cryptocurrencies Op maandag 4 september organiseert SMC050 het event "A closer look at cryptocurrencies" in MartiniPlaza. Bitcoin, Ethereum, Ripple, Gollem, Civic, Litecoin, Gulden en Dash. Zomaar een greep uit het brede landschap van cryptocurrencies en tokens. Cryptocurrencies zijn het afgelopen jaar in waarde geëxplodeerd en hebben heel veel nerds miljonair gemaakt. Cryptocurrency startups halen tientallen miljoenen op met hun ICO’s (beursgang voor cryptocurrency) met de belofte om op Bitcoin of Ethereum gebaseerde “disruptive” toepassingen te maken. Sommige cryptocurrency startups hebben echt goede ideeën, maar anderen lijken frauduleus. De ICO’s worden namelijk niet gereguleerd worden door financiële overheden. En in september weten we ook hoe Bitcoin zich heeft ontwikkeld. Is de munt in tweeën gesplitst, of gaat dat gebeuren? Hoe dan ook: Hoe ziet dit landschap eruit? Wat zijn dan die goede cryptocurrency ideeën? Wat is lucht en wat is relevant? Waar komt die waarde vandaan? Is dit een hype of niet? Hoe zit het met soft en hard forks? Waarom is dit belangrijk? We gaan het horen op 4 september! De focus ligt bij deze avond niet op de financiële speculatie rondom cryptocurrencies, maar de initiatieven, achterliggende ideeën, nieuwe technologie en toekomstige ontwikkelingen. De kosten van dit evenement bedragen € 10,- per persoon met restitutiebeleid. Social Media Club 050, oftewel SMC050, organiseert regelmatig inspirerende kennissessies. Meer informatie en aanmelden is mogelijk op de pagina van SMC050. Teksten van www.scm050.nl Praktische informatie Datum04 sep TypeExtern evenement LocatieMartiniplaza Groningen Tijd19:00 - 00:00 uur
  19. Bitcion Mining hurts the environment! I discuss this in my latest blog entry and talk about how to support the environment... buy investing in XRP. I genuinely hope you enjoy the read! I think Ripple should really hammer this environmental point even more than they already do. Let me know what you think, positive or negative, below, and as always, feel free to share my blog on other media! My blog announcements on other media: Twitter Reddit Bitcointalk - alt coin sub forum Bitcointalk - XRP Speculation Thread
  20. I talk about Ripple's Chinese expansion in my latest blog entry. I discovered just how big the Chinese banking market is.Spoiler alert - biggest in the world by FAR. I hope you enjoy. Please leave any feedback below, and feel free to share on any other media! Here are the links to my blog announcement(s) on other media: Reddit Twitter Bitcointalk - alt coin sub forum Bitcointalk - XRP Speculation Thread
  21. https://elliottwave-forecast.com/forex/ripple-catch-rally-bitcoin-ethereum/
  22. This is my latest blog entry; I discuss the scalability issues with Bitcoin and Ethereum - focusing in on block size and scalability in general. Feel free to leave positive or negative feedback here, and please feel welcome to share or link to my blog as much as you like! My blog announcements on other media: Reddit Twitter Bitcointalk
  23. In my latest blog entry, its back to basics. The intended audience are those that are completely new to XRP, so please review and share with a friend! This post will probably bore you, but please keep in mind that the intended audience(s) are those that are completely new to XRP and Ripple. Please review and let me know your feedback, positive or negative! Also, as always, please fee free to share or copy! My blog announcement(s) on other media: Reddit Twitter Bitcointalk - alt coin section Bitcointalk - XRP Speculation sub-forum
  24. https://steemit.com/ripple/@wildy/the-ripple-effect-would-this-penny-cryptocurrency-emerge-and-catch-up-with-bitcoin-and-ethereum The XRP bloggers are starting to multiply! It's not bad - worth a quick read. NOTE: The tweet about this blog went out to 23,400 of Stakepool's followers.