Why burn xrp? Pay off US debt with xrp instead.

[Fleshmeister]

Well, i would sell my small bag immediately.  Idc about the US debt.

 

Edit: Give it to Russia. 

Edited August 8, 2019 by Fleshmeister

[AlejoMoreno]

48 minutes ago, Montoya said:

Why not sell them for $73,000 per XRP??!!!! Even Better! Then we could not only pay off the national debt, pay off the entirety of Argentinian guy's student loans (which is totally fair as I assume someone put a gun to his head and forced him to take them on), but we could also give a new lambo to every needy teenager in America!!! Oh, and of course the plastic island....that will be turned into a resort destination known as Plastopia. After all, we have to do something with all our new found wealth. 

 

My student loans are paid off. I have a job that pays extremely well as a result of those student loans. 

I'm just speaking out of empathy for other people that want to study and can't afford it or take on huge debt. Of course no one is forced to go to school and take on debt.

It's good to have empathy and see things from other people's point of few and understand other people's struggles.

You're another one of those people that have no regard for other people's struggles and no regard for common blatant issues that need to be fixed that cause a lot of people problems. Your motto must be (I got mine, now go find yours sucker!).

Its amazing how people equate helping people with less resources to giving away free things.

[Montoya]

3 minutes ago, AlejoMoreno said:

My student loans are paid off. I have a job that pays extremely well as a result of those student loans. 

I'm just speaking out of empathy for other people that want to study and can't afford it or take on huge debt. Of course no one is forced to go to school and take on debt.

It's good to have empathy and see things from other people's point of few and understand other people's struggles.

You're another one of those people that have no regard for other people's struggles and no regard for common blatant issues that need to be fixed that cause a lot of people problems. Your motto must be (I got mine, now go find yours sucker!).

Its amazing how people equate helping people with less resources to giving away free things.

Very easy to be empathetic with other people's money isn't it? I simply don't see how living in an economic fantasy world helps anyone. Scarcity is real. Using tax payer dollars, much of which comes from those who do not have college degrees and work in construction, skilled trades, or any other number of blue collar professions, to pay for others (usually upper middle class) to avoid work for four/six/eight years and get degrees that cannot justify the cost, is not charity at all. It is extremely elitist. If you really care about helping others pay for college, then start a scholarship fund with your job that pays extremely well. If you want to fix the college loan problem then start pushing for reform that allows them to be discharged in bankruptcy. 

[AlejoMoreno]

9 minutes ago, Montoya said:

Very easy to be empathetic with other people's money isn't it? I simply don't see how living in an economic fantasy world helps anyone. Scarcity is real. Using tax payer dollars, much of which comes from those who do not have college degrees and work in construction, skilled trades, or any other number of blue collar professions, to pay for others (usually upper middle class) to avoid work for four/six/eight years and get degrees that cannot justify the cost, is not charity at all. It is extremely elitist. If you really care about helping others pay for college, then start a scholarship fund with your job that pays extremely well. If you want to fix the college loan problem then start pushing for reform that allows them to be discharged in bankruptcy. 

Seriously? Oh well, I stated my opinion, you stayed yours. I guess we’re both jack asses in each other eyes. I see we’ve come down two different paths so I’m sure we won’t see eye to eye.

[RavenSweet]

I never thought ripple selling xrp had anything to do with my wallet, because the shareholders' wallets were above me, and don't push ripple as if the bad dao, respected their plans, because the company already had the best blockchain talent. 
Whether from political, capital, compliance or financial experience, they have made a full range of top talent arrangements. 
And spare no effort, excuse me, what is the goal of their efforts to promote? 
You have to think of investing in xrp as a strategic investment, not a capital investment, the ruler of risk in your hands, your savings of 10% or 20%? 
Instead of giving it all away, for now, I don't think it's important that teams other than ripple have the ability to advance block, technology and money at this stage. I mean, talent and a huge pyramid interest organization are the key. 
For example, the failure of Facebook, full of naive color, the current situation please do not add trouble to the political game, the current situation.

[Caracappa]

6 hours ago, AlejoMoreno said:

Seriously? Oh well, I stated my opinion, you stayed yours. I guess we’re both jack asses in each other eyes. I see we’ve come down two different paths so I’m sure we won’t see eye to eye.

Thats what usually happens with people having to come up with a charity. They think from their own perspective. You want student loans to be paid of because you were a student. Montoya wants more people being able to have any form of education (college in this example) because perhaps he notices people not being able to go to school. I want to buy more nukes because I think fireworks at new years eve are getting more mediocre year after year.

Anyway, paying of the US debt is a bad idea. Using the world as a bailout for your own mismanagement...

[Overlord]

3 hours ago, RavenSweet said:

I never thought ripple selling xrp had anything to do with my wallet, because the shareholders' wallets were above me, and don't push ripple as if the bad dao, respected their plans, because the company already had the best blockchain talent. 
Whether from political, capital, compliance or financial experience, they have made a full range of top talent arrangements. 
And spare no effort, excuse me, what is the goal of their efforts to promote? 
You have to think of investing in xrp as a strategic investment, not a capital investment, the ruler of risk in your hands, your savings of 10% or 20%? 
Instead of giving it all away, for now, I don't think it's important that teams other than ripple have the ability to advance block, technology and money at this stage. I mean, talent and a huge pyramid interest organization are the key. 
For example, the failure of Facebook, full of naive color, the current situation please do not add trouble to the political game, the current situation.

sorry ive no idea what point your trying to make is ?

[Archbob]

9 hours ago, Freaky said:

no one.

there is no demand at 30 cents let alone $733. lol

You have to remember, the XRP world is the world of magic fairies so Magic Fairies will buy it at $733.

[Duke67]

Not using of upcoming digital assets standards to fix the debt situation would be a terrible mistake.

[AlejoMoreno]

2 hours ago, Caracappa said:

Thats what usually happens with people having to come up with a charity. They think from their own perspective. You want student loans to be paid of because you were a student. Montoya wants more people being able to have any form of education (college in this example) because perhaps he notices people not being able to go to school. I want to buy more nukes because I think fireworks at new years eve are getting more mediocre year after year.

Anyway, paying of the US debt is a bad idea. Using the world as a bailout for your own mismanagement...

Yea I see his point. The real problem is that the cost of education has grown to an unacceptable level. Many jobs require you to have a college degree to even have. chance at getting the job and Universities charge way to much for what they offer. A lot of that money we pay universities goes towards professors $200K+ salaries, new buildings, all kinds of junk. You have 18 year olds that are brainwashed and told they need to go to college, many of them go and study junk degrees or fail out and are basically wastes of money. Education in this country is just a big cluster ****.

[RippleHerToShreds]

11 hours ago, quan said:

If Fed sells the gifted xrp in the average price of $733/xrp

 

"IF"

What happens when they sell the XRP for market price (they might be able to sell the whole 30 Billion for around 2 or 3 Cents!)?

[cryptoxrp]

13 hours ago, quan said:

Here is an idea, 

Instead of burning xrp, I suggest Ripple to write an option contract to gift Fed around 30 billion xrp as a exchange of Fed’s commitment to provide the public liquidity of xrp, for all the business and banks to use. 

The current US debt is about 22 trillion,

22,000,000,000,000 / 30,000,000,000

= 733

If Fed sells the gifted xrp in the average price of $733/xrp, US can pay off the debt completely and protect the dollar from collapsing. And xrp can strengthen its use case as a dollar’s life saver. 

This is a very good chance for the Fed to solve the global liquidity problem in the most democratic way possible.  

This scenario is win win for everyone, it benefits the government, private business, and the citizens of the world. 

This kind of chance doesn’t come by often. Digital asset can literally save the country if they adopt the asset in the right way.  

What do you think of the suggestion Ripple? 

 

 I will applaud any idea which wil support a better and stable XRP distribution to countries, institutions, banks, companies,  etc... which have a fair use for XRP. However the distribution must be accompanied with an extensive rulebook. Could work because it builds TRUST. And that is what Ripple so  badly needs.

However at this moment there is simply to much XRP in the market in relation to the present bridge asset (or any) utility. It seems the Ripple management team fails to understand this. If Ripple continues the present route I expect XRP to tank heavily and while they are at it destroy retail investment trust in XRP. Or maybe that is what Ripple want to achieve?

At this price it is normal for healthy companies to buy back shares (take them out of the market). What does Ripple do?.... sell more XRP in an arrid (not yet functioning) ecosystem. How stupid can you be? It is simply to much to early.

That is not building liquidity but destroying a perfectly healthy asset. The greed and ignorance of a few will destroy a healthy asset (XRP) which could have flourished if well managed.

The XRP ecosystem needs so much more work to sustain present levels (price & quantities).

 

 

 

Edited August 9, 2019 by cryptoxrp

[ManBearPig]

8 hours ago, AlejoMoreno said:

Yea I see his point. The real problem is that the cost of education has grown to an unacceptable level. Many jobs require you to have a college degree to even have. chance at getting the job and Universities charge way to much for what they offer. A lot of that money we pay universities goes towards professors $200K+ salaries, new buildings, all kinds of junk. You have 18 year olds that are brainwashed and told they need to go to college, many of them go and study junk degrees or fail out and are basically wastes of money. Education in this country is just a big cluster ****.

You got that right, but you have to ask yourself, how did colleges get away with increasing tuition rates so much?  Because the federal government came in and guaranteed loans and flooded the university system with all these students who were willing to pay whatever the tuition rates were.  By forgiving student loans, that is just going to throw gas on the fire.  Income contingent payment plans are available that a lot of people seem to forget.  Pay x amount of your income for a certain amount of years, and it all gets forgiven even if your balance balloons (the burden then transfers to the tax payer).

With that said, to help mitigate this issue from getting worse use a combination of these:

#1) Encourage community college for the first two years , or even eliminate 1/3 of the classes required for a degree as the first two years is a lot of the same subjects in high school.

#2) Educate high schoolers on the costs and returns of all degrees.

#3) Educate high schoolers on the costs and returns of private versus public colleges.

#4) Make universities liable to share the burden of students who default on their loans.

#5) Statutory law should cap percentage increase hikes in tuition.  That will push for technological inclusion versus more brick and mortar buildings.

[G-Men]

28 minutes ago, ManBearPig said:

You got that right, but you have to ask yourself, how did colleges get away with increasing tuition rates so much?  Because the federal government came in and guaranteed loans and flooded the university system with all these students who were willing to pay whatever the tuition rates were.  By forgiving student loans, that is just going to throw gas on the fire.  Income contingent payment plans are available that a lot of people seem to forget.  Pay x amount of your income for a certain amount of years, and it all gets forgiven even if your balance balloons (the burden then transfers to the tax payer).

With that said, to help mitigate this issue from getting worse use a combination of these:

#1) Encourage community college for the first two years , or even eliminate 1/3 of the classes required for a degree as the first two years is a lot of the same subjects in high school.

#2) Educate high schoolers on the costs and returns of all degrees.

#3) Educate high schoolers on the costs and returns of private versus public colleges.

#4) Make universities liable to share the burden of students who default on their loans.

#5) Statutory law should cap percentage increase hikes in tuition.  That will push for technological inclusion versus more brick and mortar buildings.

When higher ed offers courses in introduction to witchcraft and the history of tea, you know there is a problem.

[AlejoMoreno]

41 minutes ago, ManBearPig said:

You got that right, but you have to ask yourself, how did colleges get away with increasing tuition rates so much?  Because the federal government came in and guaranteed loans and flooded the university system with all these students who were willing to pay whatever the tuition rates were.  By forgiving student loans, that is just going to throw gas on the fire.  Income contingent payment plans are available that a lot of people seem to forget.  Pay x amount of your income for a certain amount of years, and it all gets forgiven even if your balance balloons (the burden then transfers to the tax payer).

With that said, to help mitigate this issue from getting worse use a combination of these:

#1) Encourage community college for the first two years , or even eliminate 1/3 of the classes required for a degree as the first two years is a lot of the same subjects in high school.

#2) Educate high schoolers on the costs and returns of all degrees.

#3) Educate high schoolers on the costs and returns of private versus public colleges.

#4) Make universities liable to share the burden of students who default on their loans.

#5) Statutory law should cap percentage increase hikes in tuition.  That will push for technological inclusion versus more brick and mortar buildings.

WELL DONE. Especially points 4 and 5. I am glad you took the time to comment as I neglected to take the time to think of a logical solution.

Every student that defaults on their loans should be a hit to the university that the loan was for. If tons of students default on loans that will teach universities to charge less. This will also self correct the problem of schools offering degrees that lead to know jobs and helping students get loans despite knowing the students likely cannot pay the loans back.

There should also be a definite cap for tuition increases perhaps linked to inflation as well so that universities aren't continually trying to gauge a higher and higher percentage of student money.

----------

Your solution is definitely a lot better that just forgiving the debt. Now that I've thought this through. Forgiving the debt (and doing nothing else) would be an awful choice. Perhaps forgive some of the debt to help past students and then put into action your points simultaneously to stop the **** show from continuing.