DaltonColeDecker Posted April 7, 2020 Share Posted April 7, 2020 I had an idea today when I heard someone mentioning a socialized universal income. I have a different approach to the concept. Attach XRP to U.S. Oil and Gas reserves. Give all U.S. citizens a certain amount of XRP and we would in turn collect dividends as well as the trading value of the XRP. Problem solved! Your thoughts would be greatly appreciated. Yours Truly, The Humble Genius LetHerRip 1 Link to comment Share on other sites More sharing options...
LetHerRip Posted April 7, 2020 Share Posted April 7, 2020 G E N I U S mrhat75, ringer2, DariStar and 1 other 1 3 Link to comment Share on other sites More sharing options...
Archbob Posted April 7, 2020 Share Posted April 7, 2020 Yeah so Ripple would own half or more of the US oil and gas reserves. No, that's not gonna work. Also you don't want your oil and gas prone to massive market volatility every day and at the mercy of whale crypto manipulators. Link to comment Share on other sites More sharing options...
Dsimmo Posted April 7, 2020 Share Posted April 7, 2020 1 hour ago, DaltonColeDecker said: I had an idea today when I heard someone mentioning a socialized universal income. I have a different approach to the concept. Attach XRP to U.S. Oil and Gas reserves. Give all U.S. citizens a certain amount of XRP and we would in turn collect dividends as well as the trading value of the XRP. Problem solved! Your thoughts would be greatly appreciated. Yours Truly, The Humble Genius This sounds like the logic of a communist. Do you have any idea how markets function? Valhalla_Guy, ringer2, LetHerRip and 1 other 3 1 Link to comment Share on other sites More sharing options...
enrique11 Posted April 7, 2020 Share Posted April 7, 2020 (edited) 3 hours ago, DaltonColeDecker said: I had an idea today when I heard someone mentioning a socialized universal income. I have a different approach to the concept. Attach XRP to U.S. Oil and Gas reserves. Give all U.S. citizens a certain amount of XRP and we would in turn collect dividends as well as the trading value of the XRP. Problem solved! Your thoughts would be greatly appreciated. Yours Truly, The Humble Genius The US will never allow another asset like Gold, Silver, Stocks, cryptos to compete with the government's most important asset, the US dollar - it takes power away from government. If they really cared about the US's well-being they would take more risks and allow the people more freedom, but politicians and government are more concerned about maintain their jobs, their budgets, making money, a significant number of which will be getting executive positions after leaving politics within firms whose lobbyists supported them. The US politicians who truly care about the people get a lot of opposition from lobbyists and other politicians supported by lobbyists and altruistic politician are basically unpopular within certain political and corporate industry circles, and they lack the financial and vote support from the constituents within their jurisdictions than those politicians that are back by lobbyists tied to firms with deep pockets. Good politicians are basically being altruistic and not getting paid for it, other than their salary as a politician, and lobbyists, corporations have the money to attack them in ads, meetings, etc. Many politicians are ignorant because they don't have enough knowledge about the subject at hand to see through much of the lobbyists' bullsh*t, and because regular people have to work, regular people who are specialists in the fields that lobbyists cover don't get paid to appear at public hearings to contradict the absurd assertions of many clueless money-grubbing lobbyists that favor expanding corporate power legislatively at the expense of the American people. So generally lobbyists greatly outnumber regular people when it comes to getting the truth across to more politicians, so regular unpaid folk that specialize in the subject at hand can't get politicians to help block some of these extremely absurd and pro-corporate legislation. Also, many politicians go into lobbying after they leaving their political positions at the firms of the lobbyists that supported them - this is the reward for many politicians after leaving office: There are 535 members of congress (senate and house);. The most popular job for a retiring member of congress is becoming a lobbyist. 434 former congressional members are registered as federal lobbyists! Edited April 7, 2020 by enrique11 EXARRPEE 1 Link to comment Share on other sites More sharing options...
DaltonColeDecker Posted April 7, 2020 Author Share Posted April 7, 2020 59 minutes ago, LetHerRip said: G E N I U S good one! Link to comment Share on other sites More sharing options...
DaltonColeDecker Posted April 7, 2020 Author Share Posted April 7, 2020 30 minutes ago, Archbob said: Yeah so Ripple would own half or more of the US oil and gas reserves. No, that's not gonna work. Also you don't want your oil and gas prone to massive market volatility every day and at the mercy of whale crypto manipulators. Yeah, didn't think it through that much. good point. that's why i put it out there. for other opinions. Thanks xrphilosophy 1 Link to comment Share on other sites More sharing options...
DaltonColeDecker Posted April 7, 2020 Author Share Posted April 7, 2020 32 minutes ago, Dsimmo said: This sounds like the logic of a communist. Do you have any idea how markets function? Yeah, I know. I'm a conservative by the way, but my point was, if they where hell bent on a "Universal income" Communist way of fixing the problem by giving us money to bail us out of every major economic meltdown. I'd rather own XRP and still be able to buy and trade with that kind of leverage rather than a few worthless U.S. dollars. Thanks for your thoughts though Comrade much appreciated Link to comment Share on other sites More sharing options...
DaltonColeDecker Posted April 7, 2020 Author Share Posted April 7, 2020 17 minutes ago, enrique11 said: The US will never allow another asset like Gold, Silver, Stocks, cryptos to compete with the government's most important asset, the US dollar - it takes power away from government. If they really cared about the US's well-being they would take more risks and allow the people more freedom, but politicians and government are more concerned about maintain their jobs, their budgets, making money, a significant number of which will be getting executive positions after leaving politics within firms whose lobbyists supported them. The US politicians who truly care about the people get a lot of opposition from lobbyists and other politicians supported by lobbyists and altruistic politician are basically unpopular within certain political and corporate industry circles, and they lack the financial and vote support from the constituents within their jurisdictions than those politicians that are back by lobbyists tied to firms with deep pockets. Good politicians are basically being altruistic and not getting paid for it, other than their salary as a politician, and lobbyists, corporations have the money to attack them in ads, meetings, etc. Many politicians are ignorant because they don't have enough knowledge about the subject at hand to see through much of the lobbyists' bullsh*t, and because regular people have to work, regular people don't get paid to appear at public hearings to contradict the absurd assertions of many lobbyists that favor expanding corporate power legislatively at the expense of the American people. So generally lobbyists greatly outnumber regular people when it comes to getting the truth across to more politicians, so they can block some of these extremely absurd and pro-corporate legislation, and many politicians go into lobbying after they leaving their political positions: There are 535 members of congress (senate and house);. The most popular job for a retiring member of congress is becoming a lobbyist. 434 former congressional members are registered as federal lobbyists! Thanks for your thoughts, Great Stuff! Thanks for your service as well Sir. Link to comment Share on other sites More sharing options...
DaltonColeDecker Posted April 7, 2020 Author Share Posted April 7, 2020 1 hour ago, LetHerRip said: G E N I U S Funny! I actually did that today but it was a can of Lysol.' Thanks for the input, keep laughing my friend stay safe LetHerRip, Soniax and FOOD 3 Link to comment Share on other sites More sharing options...
enrique11 Posted April 7, 2020 Share Posted April 7, 2020 6 minutes ago, DaltonColeDecker said: Thanks for your thoughts, Great Stuff! Thanks for your service as well Sir. Glad you liked it, but I never served in the military, if that's what your alluding to. Link to comment Share on other sites More sharing options...
Guest Posted April 7, 2020 Share Posted April 7, 2020 XRP has been developed for international cross border settlements. Thats it, thats all I have to say. Link to comment Share on other sites More sharing options...
Guest Posted April 7, 2020 Share Posted April 7, 2020 2 hours ago, DaltonColeDecker said: I had an idea today when I heard someone mentioning a socialized universal income. I have a different approach to the concept. Attach XRP to U.S. Oil and Gas reserves. Give all U.S. citizens a certain amount of XRP and we would in turn collect dividends as well as the trading value of the XRP. Problem solved! Your thoughts would be greatly appreciated. Yours Truly, The Humble Genius Fine. I'll talk to Wilbur first thing tomorrow morning. Can i schedule a call with the President at around 9am? Link to comment Share on other sites More sharing options...
Truckdriver Posted April 7, 2020 Share Posted April 7, 2020 keep the great idea's coming man , Elon Musk must of felt the same way at the start , i see one person liked your last idea , maybe this one will get you 2 Link to comment Share on other sites More sharing options...
Valhalla_Guy Posted April 7, 2020 Share Posted April 7, 2020 2 hours ago, DaltonColeDecker said: Yeah, I know. I'm a conservative by the way, but my point was, if they where hell bent on a "Universal income" Communist way of fixing the problem by giving us money to bail us out of every major economic meltdown. I'd rather own XRP and still be able to buy and trade with that kind of leverage rather than a few worthless U.S. dollars. Thanks for your thoughts though Comrade much appreciated Your question exposes the weakness in the current setup. The escrow. No one can put a value or peg an asset when 1 party owns the lion share. They can lower the price of XRP any day they choose. Secondly RL is nothing but a private company. It has no power to back up it’s currency (XRP) Yes the US enjoys a favorable position within the world trade markets, due to the $USD being the base, and many believe that is only because of choice and circumstance. I believe it is by power. Both economic and military. Regardless of your politics, humans trust (respect) power. RL will never be able to stand behind their currency. In Ripple reality the only thing between the bad guys and the keys to the world’s XRP reserves are a few good men at RL, protecting a 32 character string. Kind of scary. Link to comment Share on other sites More sharing options...
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