Jump to content

Charting the course of XRP


Guest
 Share

Recommended Posts

6 hours ago, JASCoder said:

No, it's earned in the beginning of Flare Financial's launch.
There will only be 10,000 tokens total - it will serve as the FF's governance token. 

 

5 minutes ago, JASCoder said:

HI Billy !

Are you confusing DFLR and YFIN ?

In the Beta we're given a starting "seed" of some USDT, YLTC, YDOGE, and YXRP (and maybe some YFLR, I can't remember now).
We "wrap" the USDT in the context of the external network into the test Flare Network which shows up as YUSD.

We then stake our play assets into the LP (liquidity pools) and stake the LP and Y-assets in the "Farm." 

All of the farmed stakes earn us YFIN which we claim, and add to our LP assets and stake it as well (compounding the play rewards).

There is also the "Swap" (aka trade) app which uses the AMM to convert from one Y-asset into another (including YFIN, so you can at this point "buy" some YFIN to add to your growing stash.

Hope this helps :) 

 


ah!  Exactly so.  I made the mistake of confusing YFIN with DFLR.   For some reason I thought you were saying the initial Flare Finance token will be earned.  I’m an idiot...  my wife can attest.   :) 

Sorry for the confusion folks...  it’s complicated enough without me muddying the waters further.  My apologies.

Link to comment
Share on other sites

5 minutes ago, Ripley said:

Again, I don’t think you understand how ODL works. If you are sincerely interested, I’m happy to share additional details. “No doubt, xxx” is not how the world works.

And here’s my contention with those who claim XRP/Ripple is useless because banks aren’t using it yet:

1. Do you know what it takes to build a product ? Enterprise class products which cannot afford a single failure ? And what it takes to get into a highly closed market with extremely powerful incumbents ?  Tesla was founded in 2003. 18 years ago. They were close to bankruptcy as recently as 2 years ago. Elon Musk asked to meet Tim Cook to see if Apple could acquire Tesla for 60B. Tim Cook refused. Today a multi-trillion gasoline engine industry is dead. Like that. The numerous patents, companies, universities, specialists, degrees, endowments, scholarships - all dead. If someone said this 5 years ago, they were laughed away.

2. Small remittance companies have already started to use ODL. Banks have extremely strict protocols and will need absolute regulatory clarity before they can use a new class of assets. Most banks have offices in the U.S. and therefore cannot engage without clarity.

There is no guarantee that ODL with XRP will succeed. But it absolutely is a fantastic use case. It’s an issue that I personally suffered through. And Ripple has the best shot at entering that market and being successful. There will be other entrants who will follow the footsteps laid by Ripple.

Well, if you read through my questions, you should understand that clarity and transparancy is not as it advertised by BG and Ripple. And well yes, usually world works simplier than you were thought and you can admire the tech the idea of ODL and etc. And all these 400-600 signed contracts, and every 1-2 new each week, but if for years song is the same, you have right to doubt.

Tesla in contrast to Ripple has cars, has factories, has autopilot its very bad comparison, as with Ripple we hear that Billions go through ODL but we have 0 data on that from Ripple and considering recent events, reputation gets damaged too.

Link to comment
Share on other sites

9 minutes ago, xrp-nuke said:

Well, if you read through my questions, you should understand that clarity and transparancy is not as it advertised by BG and Ripple. And well yes, usually world works simplier than you were thought and you can admire the tech the idea of ODL and etc. And all these 400-600 signed contracts, and every 1-2 new each week, but if for years song is the same, you have right to doubt.

Tesla in contrast to Ripple has cars, has factories, has autopilot its very bad comparison, as with Ripple we hear that Billions go through ODL but we have 0 data on that from Ripple and considering recent events, reputation gets damaged too.

It’s not up to Ripple to share as much information as they’d like. It’s up to their customers and shareholders.

Again, the best part about trading/investing is, it’s entirely voluntary. So you either trust the team, the data provided, and go along the journey, or choose another opportunity. 

Link to comment
Share on other sites

40 minutes ago, B088IN said:

I seriously need to be doing more research and reading, all of that went straight over my head, and I read it twice! 🤪

He is talking about Flare Finance, which is not the same as Flare. I think this is a real issue for many people. Flare Finance is much more complicated, with all sorts of tokens and swaps and stuff. Flare (FLR) is much more straightforward, and far easier to get a grasp on. 

Link to comment
Share on other sites

28 minutes ago, Seoulite said:

He is talking about Flare Finance, which is not the same as Flare. I think this is a real issue for many people. Flare Finance is much more complicated, with all sorts of tokens and swaps and stuff. Flare (FLR) is much more straightforward, and far easier to get a grasp on. 

OK I've decided to make an FAQ kinda post about the differences between Flare and Flare Finance. Hopefully this will start to clear up some confusion:

 

Link to comment
Share on other sites

45 minutes ago, Elysium2030 said:

Oh cmooooon XRP!

Gimme the fuckin 10 €

 I am waitin for 4 fuckin Years! ITS ENOUGH

10 dollars? Well maybe in the year 2090 or so.:lol:

Link to comment
Share on other sites

Been lurking for 2 years now, saw this article https://www.financemagnates.com/cryptocurrency/news/bank-of-france-likely-to-prefer-xrp-over-bitcoin-and-ethereum/

The news got me pumped and wanted to share this with you all, I hope to be in this forum at the right time so we ride the bullrun 2021 together!

@Eric123 I always read your post every day, just sayin', thanks for your daily analysis

Link to comment
Share on other sites

10 hours ago, Ripley said:

It’s not up to Ripple to share as much information as they’d like. It’s up to their customers and shareholders.

Again, the best part about trading/investing is, it’s entirely voluntary. So you either trust the team, the data provided, and go along the journey, or choose another opportunity. 

Again, while it is voluntary, you have righ ask and seek answers, otherwise you give opportunity to dodgy acyivities.

You cant blindly trust and you absolutely know that.

Link to comment
Share on other sites

18 minutes ago, Elysium2030 said:

:sad:

i need @Hopium asap

i would be happy when rxp would go to 1 dollar and then drop back to 50ct and then repeat that 10 times or so ,because

 then you would turn 1 dollar into 512 dollars.

Link to comment
Share on other sites

1 hour ago, xrp-nuke said:

Again, while it is voluntary, you have righ ask and seek answers, otherwise you give opportunity to dodgy acyivities.

You cant blindly trust and you absolutely know that.

The fact they're doing more than they needed to, is already better than most blockchain companies.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share



×
×
  • 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.