patrick.net
An Antidote to Corporate Media
1,192,738 comments by 13,872 users - Al_Sharpton_for_President, stereotomy online now
invite response« First « Previous Comments 2 - 40 of 40 Search these comments
2
just_passing_through
2023 Jul 17, 8:45pm
just_passing_through
2023 Jul 17, 8:45pm
I admit I haven't read up on XRP my understanding is that it's bankster coin so why would you prefer that to bitcorn.
Can't beat em, join em?
Also, you're confident now and don't care to see what happens on appeal?
Can't beat em, join em?
Also, you're confident now and don't care to see what happens on appeal?
3
Cash
2023 Jul 18, 7:21am
It just might be a real good time to study Ripplenet.com the company, XRP history and Judge Analisa Torres ruling.
https://cointelegraph.com/news/ripple-wins-case-against-sec-as-judge-rules-xrp-is-not-a-security
There is "SO" much to this but maybe you can look at a few of these circumstances and come to your own opinion to buy or not to buy.
So much of the fud has come from BTC ETH maxi's which both are maximumly threatened by being way to slow and expensive to use as any standard.
XRP has been a threat from the beginning and actually the second crypto token created I believe I could send 50 million USD from point A to Point B in seconds for less then a cent. Most have no clue how integrated XRP and Ripplenet are already and about to be integrated into the global monetary system
FEDNOW ISO20022 Swift etc. Legacy Swift itself has tons of risk and loses about 6% in transaction failure I believe and on the avg Swift takes 7-10 days to settle and is at risk the whole time and in limbo for those using it, sender and receiver waiting for settlement.
Bitcoin is a sham imo, tell me just who the real creator of BTC is, and what gov. could actually use it not knowing who created it? Who knows what the real use case is "store of value" maybe, will see? Did the gov. actually create it and for who knows what reason, I have to ask how can all the gov., banks etc. use BTC when they supposedly don't know who created it. Believe me it will never be used to rule the global monetary system so slow, expensive and antiquated for real world use.
https://www.investopedia.com/tech/whats-difference-between-bitcoin-and-ripple/
I'm not a lawyer however I am of big doubt the SEC will appeal Judge Torres Ripple ruling on XRP itself going forward it would be a real risky bus. imo
and by the time it could even go to court we would be looking at 2-3 yrs down the road and XRP will be so rooted in the whole global monetary system it just isn't likely to happen. The ripple company creators may have to pay for the 1st disbursements to institutions for their option contracts or however they acquired their XRP etc.
Take a look at the history of Gary Gensler and the former heads of the SEC Jay Clayton, Bill Hinman and their association with the BTC and ETH maxi companies before and after holding those positions, who they worked for and who paid them. They are as dirty as all the heads of the 3 letter agencies and maybe much worse which you will see if you look into the whole picture from start to finish.
https://cointelegraph.com/news/ripple-wins-case-against-sec-as-judge-rules-xrp-is-not-a-security
There is "SO" much to this but maybe you can look at a few of these circumstances and come to your own opinion to buy or not to buy.
So much of the fud has come from BTC ETH maxi's which both are maximumly threatened by being way to slow and expensive to use as any standard.
XRP has been a threat from the beginning and actually the second crypto token created I believe I could send 50 million USD from point A to Point B in seconds for less then a cent. Most have no clue how integrated XRP and Ripplenet are already and about to be integrated into the global monetary system
FEDNOW ISO20022 Swift etc. Legacy Swift itself has tons of risk and loses about 6% in transaction failure I believe and on the avg Swift takes 7-10 days to settle and is at risk the whole time and in limbo for those using it, sender and receiver waiting for settlement.
Bitcoin is a sham imo, tell me just who the real creator of BTC is, and what gov. could actually use it not knowing who created it? Who knows what the real use case is "store of value" maybe, will see? Did the gov. actually create it and for who knows what reason, I have to ask how can all the gov., banks etc. use BTC when they supposedly don't know who created it. Believe me it will never be used to rule the global monetary system so slow, expensive and antiquated for real world use.
https://www.investopedia.com/tech/whats-difference-between-bitcoin-and-ripple/
I'm not a lawyer however I am of big doubt the SEC will appeal Judge Torres Ripple ruling on XRP itself going forward it would be a real risky bus. imo
and by the time it could even go to court we would be looking at 2-3 yrs down the road and XRP will be so rooted in the whole global monetary system it just isn't likely to happen. The ripple company creators may have to pay for the 1st disbursements to institutions for their option contracts or however they acquired their XRP etc.
Take a look at the history of Gary Gensler and the former heads of the SEC Jay Clayton, Bill Hinman and their association with the BTC and ETH maxi companies before and after holding those positions, who they worked for and who paid them. They are as dirty as all the heads of the 3 letter agencies and maybe much worse which you will see if you look into the whole picture from start to finish.
4
Cash
2023 Jul 18, 2:12pm
just_passing_through says
The XRP Ruling: The Facts
https://twitter.com/CryptoLawUS/status/1681378857855897600
I admit I haven't read up on XRP my understanding is that it's bankster coin so why would you prefer that to bitcorn.
Can't beat em, join em?
Also, you're confident now and don't care to see what happens on appeal?
The XRP Ruling: The Facts
https://twitter.com/CryptoLawUS/status/1681378857855897600
6
Cash
2023 Jul 18, 3:50pm
GNL says
We already have digital money and there is a difference between digital and crypto.
For 1 with digital there is always a intermediate between you and your money think credit card/online banking. Now Crypto has the ability to be trustless because it can be programed into DEFI w/o human interference with the DEFI exchanges. You are correct if you are talking about CBDC prison which is already being used in other countries like China for instance among others. So in my opinion diversifying in commodities, crypto, RE, art and etc might just be a good idea. Remember how Canadians were locked out of there banking? I don't know what is best for anyone else's financial security except to actually do DD big time for yourself and figure out what works best for you...
Digital money is going to end up being a prison. IMO
We already have digital money and there is a difference between digital and crypto.
For 1 with digital there is always a intermediate between you and your money think credit card/online banking. Now Crypto has the ability to be trustless because it can be programed into DEFI w/o human interference with the DEFI exchanges. You are correct if you are talking about CBDC prison which is already being used in other countries like China for instance among others. So in my opinion diversifying in commodities, crypto, RE, art and etc might just be a good idea. Remember how Canadians were locked out of there banking? I don't know what is best for anyone else's financial security except to actually do DD big time for yourself and figure out what works best for you...
8
GNL
2023 Jul 18, 4:29pm
GNL
2023 Jul 18, 4:29pm
I can't help but believe that if tyranny wants to do something, it will. History shows that it can only be defeated with force, no?
9
Eman
2023 Jul 18, 4:39pm
Eman
2023 Jul 18, 4:39pm
Cash,
I have some friends and a relative who are big into BTC and ETH. I’m too dense to understand this stuff so I stay away from them.
One guy said BTC will go to $100-$120k by the end of this year. He’ll start to sell at $80k.
Good luck man.
I have some friends and a relative who are big into BTC and ETH. I’m too dense to understand this stuff so I stay away from them.
One guy said BTC will go to $100-$120k by the end of this year. He’ll start to sell at $80k.
Good luck man.
10
Cash
2023 Jul 18, 5:31pm
Eman says
Thx it's always about risk management.
I am in doubt of 100k-120k this year anyway. Who Knows if ever, I just hope they are not in a hurry as well as not of bought the top and have a decent cost bases. The SEC got its head handed to it in litigation and because the $ETH ICO G. Gensler is probably looking for blood so $ETH may have some explaining to do. My analysis is indicating BTC is more likely heading to 10k-12k and the reason being is it sure looks like the USD DXY is trying to bottom out for now making assets very vulnerable equities, commodities as well as crypto. The main reason crypto has been held back here in the US is the lack of regulation from the SEC. For BTC hedge funds want some kind of a spot BTC ETF or something similar and if they get it things could get very interesting for BTC holder.
Some in congress are tired of Genslers shit and want actual regulation instead of force by litigation.
Congressman Torres Tells SEC Chairman to End Crypto ‘Crusade’ After Ripple Ruling
https://decrypt.co/149079/end-sec-crusade-rep-ritchie-torres-annalisa-torres-doctrine
Cash,
I have some friends and a relative who are big into BTC and ETH. I’m too dense to understand this stuff so I stay away from them.
One guy said BTC will go to $100-$120k by the end of this year. He’ll start to sell at $80k.
Good luck man.
Thx it's always about risk management.
I am in doubt of 100k-120k this year anyway. Who Knows if ever, I just hope they are not in a hurry as well as not of bought the top and have a decent cost bases. The SEC got its head handed to it in litigation and because the $ETH ICO G. Gensler is probably looking for blood so $ETH may have some explaining to do. My analysis is indicating BTC is more likely heading to 10k-12k and the reason being is it sure looks like the USD DXY is trying to bottom out for now making assets very vulnerable equities, commodities as well as crypto. The main reason crypto has been held back here in the US is the lack of regulation from the SEC. For BTC hedge funds want some kind of a spot BTC ETF or something similar and if they get it things could get very interesting for BTC holder.
Some in congress are tired of Genslers shit and want actual regulation instead of force by litigation.
Congressman Torres Tells SEC Chairman to End Crypto ‘Crusade’ After Ripple Ruling
https://decrypt.co/149079/end-sec-crusade-rep-ritchie-torres-annalisa-torres-doctrine
11
GNL
2023 Jul 18, 5:33pm
GNL
2023 Jul 18, 5:33pm
Eman says
Evidently Bitcoin cleared some kind of hurdle for institutional(?) investors so it should "SHOOT TO THE MOON"!!!
Anything is possible. It would be great to hear from @Bitcoiner.
Cash,
I have some friends and a relative who are big into BTC and ETH. I’m too dense to understand this stuff so I stay away from them.
One guy said BTC will go to $100-$120k by the end of this year. He’ll start to sell at $80k.
Good luck man.
Evidently Bitcoin cleared some kind of hurdle for institutional(?) investors so it should "SHOOT TO THE MOON"!!!
Anything is possible. It would be great to hear from @Bitcoiner.
12
Cash
2023 Jul 18, 5:47pm
GNL says
Tell them good luck with that from a $XRP holder, ;) the only token in the US that has regulatory clearance where there is really no legitimate regulation for BTC and ETH, all they really have is opinions as to the facts which in the future maybe tested and tested hard, or maybe not. It's an interesting study for sure .
Evidently Bitcoin cleared some kind of hurdle for institutional(?) investors so it should "SHOOT TO THE MOON"!!!
Anything is possible. It would be great to hear from Bitcoiner.
Tell them good luck with that from a $XRP holder, ;) the only token in the US that has regulatory clearance where there is really no legitimate regulation for BTC and ETH, all they really have is opinions as to the facts which in the future maybe tested and tested hard, or maybe not. It's an interesting study for sure .
13
GNL
2023 Jul 18, 5:56pm
GNL
2023 Jul 18, 5:56pm
Doesn't anyone give a shit about reality and the physical world any more? I'm going to spend the rest of my life hanging onto the physical world and reality/truth. I believe it will not be too easy.
14
Cash
2023 Jul 18, 5:59pm
GNL says
Ironic considering in reality we are communicating on the internet with 1 and 0
and not face to face lol
Doesn't anyone give a shit about reality and the physical world any more?
Ironic considering in reality we are communicating on the internet with 1 and 0
and not face to face lol
15
Cash
2023 Jul 18, 7:59pm
BTW people who work for Ripple
David Schwartz : He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA)
Kristina Campbell : held several roles at GreenDot, a now $2.5B public fintech company, including General Manager of GoBank. Manager at management consulting firm Bain & Company and an investment banker at Citigroup.
Eric Van Miltenburg : held senior positions with high-growth start-ups and Fortune 500 companies including Adobe, Yahoo!, Hightail, RedSwoosh, http://work.com/ and Excite@Home.com
Kiersten Hollars : led award-winning media campaigns, events, and employee and crisis communications for Silicon Valley tech companies like Hightail, AOL, Yahoo!, Oracle and Salesforce.
Craig Phillips : over 35 years of private and public sector leadership experience to Ripple, having held senior roles at BlackRock, Morgan Stanley, and Credit Suisse
Masashi Okuyama : an Executive Officer at SBI Holdings, and is the CEO of SBI Ripple Asia. He also serves as general counsel to other SBI group companies.
Rosie Rios : She served as the 43rd Treasurer of the United States and was the CEO of the Bureau of Engraving and Printing, and the U.S. Mint. She led efforts to place a female portrait on U.S. currency for the first time in over a century
Sandie O'Connor : She supported the integrity and efficiency of capital markets as Chair of the Federal Reserve Board’s Alternative Reference Rates Committee and as a former member of the Treasury Markets Practices Group sponsored by the Federal Reserve Bank of NY. She now serves on a Task Force on Financial Stability and on the FDIC Systemic Resolution Advisory Committee. She is a Director of Bank of NY Mellon Corporation and Terex Corporation
Warren Jenson : During his career he has served as CFO of http://amazon.com,/ Delta Air Lines, Electronic Arts and NBC and as President of LiveRamp. In 2023 he became Nielsen’s Chief Financial Officer
David Schwartz : He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA)
Kristina Campbell : held several roles at GreenDot, a now $2.5B public fintech company, including General Manager of GoBank. Manager at management consulting firm Bain & Company and an investment banker at Citigroup.
Eric Van Miltenburg : held senior positions with high-growth start-ups and Fortune 500 companies including Adobe, Yahoo!, Hightail, RedSwoosh, http://work.com/ and Excite@Home.com
Kiersten Hollars : led award-winning media campaigns, events, and employee and crisis communications for Silicon Valley tech companies like Hightail, AOL, Yahoo!, Oracle and Salesforce.
Craig Phillips : over 35 years of private and public sector leadership experience to Ripple, having held senior roles at BlackRock, Morgan Stanley, and Credit Suisse
Masashi Okuyama : an Executive Officer at SBI Holdings, and is the CEO of SBI Ripple Asia. He also serves as general counsel to other SBI group companies.
Rosie Rios : She served as the 43rd Treasurer of the United States and was the CEO of the Bureau of Engraving and Printing, and the U.S. Mint. She led efforts to place a female portrait on U.S. currency for the first time in over a century
Sandie O'Connor : She supported the integrity and efficiency of capital markets as Chair of the Federal Reserve Board’s Alternative Reference Rates Committee and as a former member of the Treasury Markets Practices Group sponsored by the Federal Reserve Bank of NY. She now serves on a Task Force on Financial Stability and on the FDIC Systemic Resolution Advisory Committee. She is a Director of Bank of NY Mellon Corporation and Terex Corporation
Warren Jenson : During his career he has served as CFO of http://amazon.com,/ Delta Air Lines, Electronic Arts and NBC and as President of LiveRamp. In 2023 he became Nielsen’s Chief Financial Officer
17
Cash
2023 Jul 18, 9:36pm
Rubicon says
I have to ask out of real DD how diligent it would be for a gov. to use an investment instrument that no 1 supposedly knows who created it? I read somewhere DHS sent someone to meet the creators and there were 4 of them but who knows, also supposedly (1 person) Satoshi Nakamoto's created BTC and that creator's wallet contains 900,000 to 1,000,000 BTC. I don't wish for the demise of BTC at all however by all measures things around BTC do seem sketchy to say the least.
I am Bitcoiner. Changed my name here and no, BTC is not going to 100k this year. Not even close.
I have to ask out of real DD how diligent it would be for a gov. to use an investment instrument that no 1 supposedly knows who created it? I read somewhere DHS sent someone to meet the creators and there were 4 of them but who knows, also supposedly (1 person) Satoshi Nakamoto's created BTC and that creator's wallet contains 900,000 to 1,000,000 BTC. I don't wish for the demise of BTC at all however by all measures things around BTC do seem sketchy to say the least.
18
Cash
2023 Jul 18, 10:29pm
Rubicon says
Funny you came to this post and commented with your own free will did you not? No one forced you to post here it's a voluntary thing, so really no need to announce your departure, just stop and go your way.
Sry, nothing personal. I have zero interest in discussing any of it here on Patnet.
Funny you came to this post and commented with your own free will did you not? No one forced you to post here it's a voluntary thing, so really no need to announce your departure, just stop and go your way.
19
Cash
2023 Jul 18, 11:04pm
Rubicon says
You still here? I thought you left lmao
Sry, nothing personal. I have zero interest in discussing any of it here on Patnet.
You still here? I thought you left lmao
20
Cash
2023 Jul 18, 11:40pm
Rubicon says
So what does that mean? I guess I don't understand since this post is about crypto and that is what is going to be discussed.
However you are more then welcome and free to lurk like the rest of the lurkers lmao
I have zero interest in discussing any of it here on Patnet.
So what does that mean? I guess I don't understand since this post is about crypto and that is what is going to be discussed.
However you are more then welcome and free to lurk like the rest of the lurkers lmao
21
Misc
2023 Jul 19, 12:26am
People can invest in whatever they want, but just a cursory look tells me it ain't too stable. About 8% of it's total value is traded on the exchanges each and every day. So a 100% turnover every 12 days or so. There just ain't a lot of faith in it, but looks like it would be fun to speculate on. Well...at least if you had gambled a week ago. With a market cap of about $41 billion worldwide, there just ain't enough of it for it to be usable as a currency.
22
Cash
2023 Jul 19, 1:02am
Misc says
I believe that will change quickly since $XRP is the only crypto that has been tested under fire by the courts and has regulatory clearance and now the fundamentals and use case should blow this thing up not to mention the FOMO effect once it gets rolling. :) I Know it's all speculative really when it comes to any market and I wouldn't be throwing risk management to the winds. I hold a stack to sell into the buying and a stack to speculate on the longer term.
Forbes Declares Impending $15 Trillion Quake Targeted at XRP and Others
https://thecryptobasic.com/2023/06/23/forbes-declares-impending-15-trillion-quake-targeted-at-xrp-and-others/
I don't really care 1 iota if someone here gets involved with this crypto or any of the others it won't make a bit of difference to me. I am just sharing a possible opportunity and encourage people if they are interested to actually do some hard core DD like we all should with all speculation and investments.
Well I have shared this info. and my opinions about it and that's about all I have to say about this topic and will leave it here...
People can invest in whatever they want, but just a cursory look tells me it ain't too stable.
I believe that will change quickly since $XRP is the only crypto that has been tested under fire by the courts and has regulatory clearance and now the fundamentals and use case should blow this thing up not to mention the FOMO effect once it gets rolling. :) I Know it's all speculative really when it comes to any market and I wouldn't be throwing risk management to the winds. I hold a stack to sell into the buying and a stack to speculate on the longer term.
Forbes Declares Impending $15 Trillion Quake Targeted at XRP and Others
https://thecryptobasic.com/2023/06/23/forbes-declares-impending-15-trillion-quake-targeted-at-xrp-and-others/
I don't really care 1 iota if someone here gets involved with this crypto or any of the others it won't make a bit of difference to me. I am just sharing a possible opportunity and encourage people if they are interested to actually do some hard core DD like we all should with all speculation and investments.
Well I have shared this info. and my opinions about it and that's about all I have to say about this topic and will leave it here...
25
EBGuy
2023 Jul 19, 12:53pm
Stuff I learned about Ripple today...
All 100 billion XRP cryptocurrency has been premined, and the majority of Ripple’s share – about 45 billion XRP coins – is deposited in Ripple’s Escrow account. The remaining 55 billion XRP has been distributed to users around the world.
...
Ripple.net runs on proof-of-consensus algorithms, which account for the strengths of Ripple’s blockchain network.
...
XRP transactions are very fast. The ledger completes transactions in 3-5 seconds. That’s much faster than the average transaction confirmation time for trading BTC, which can go over 20 minutes on a given day.
...
Ripple can complete 1,500 transactions per second. That’s close to a standard payment processor like VISA, which manages 1,700 transactions per second. This makes it a good solution for fintech companies that need a stable infrastructure for high transaction volumes that competes with traditional payment systems like VISA and SWIFT.
All 100 billion XRP cryptocurrency has been premined, and the majority of Ripple’s share – about 45 billion XRP coins – is deposited in Ripple’s Escrow account. The remaining 55 billion XRP has been distributed to users around the world.
...
Ripple.net runs on proof-of-consensus algorithms, which account for the strengths of Ripple’s blockchain network.
...
XRP transactions are very fast. The ledger completes transactions in 3-5 seconds. That’s much faster than the average transaction confirmation time for trading BTC, which can go over 20 minutes on a given day.
...
Ripple can complete 1,500 transactions per second. That’s close to a standard payment processor like VISA, which manages 1,700 transactions per second. This makes it a good solution for fintech companies that need a stable infrastructure for high transaction volumes that competes with traditional payment systems like VISA and SWIFT.
27
Cash
2023 Jul 19, 11:56pm
Nice share brother, nice change for someone to actually share something applicable to this topic.
About that 100bil at most maybe1% if that are in the hands of the retail investor. It's true $XRP was created for the banks, institutions and cooperate world and not so much for retail and yet I am way fortunate to own a nice modest stack while it is soooo cheap. There is a report that by 2027 it is est. 270 trillion worth of cross boarder pmts will be made with ODL making that 100bil look pretty small in comparison. $XRP won't likely get it all but no doubt more then a fair share for sure.
If you are familiar with the SECs position on ICOs you will understand why particularly educated ETH owners are very concerned as are many other crypto project due to G Gensler and his disposition and the nature of things he just may want to go after ETH, a big dog for revenge after losing all hope to stop $XRP, that boat is long gone. Now that Gary lost he has lots of companies who offered ICOs he can go after now and ETH is the big 1...
As for BTC it is almost useless in real world use cases but as long as people are happy with the story I guess it will live on. I absolutely have to be skeptical considering supposedly "no 1 knows who told the story", who is it's author? Most who own BTC don't realize that NSA built the SHA-256 hash function that the blocks are built with. Makes an informed person go Hmmm. Also I have big doubts and don't even think for a minute it is possible BTC is "truely" decentralized?
1 thing for sure I look forward to the masses of that BTC, ETH and useless projects $$$ dumping into $XRP and it will, particularly with all the under estimation most seem to have with $USD strength that is about to turn crypto on it's head and do a shake down of all the projects and weak hands which will prove to be a large majority.
About that 100bil at most maybe1% if that are in the hands of the retail investor. It's true $XRP was created for the banks, institutions and cooperate world and not so much for retail and yet I am way fortunate to own a nice modest stack while it is soooo cheap. There is a report that by 2027 it is est. 270 trillion worth of cross boarder pmts will be made with ODL making that 100bil look pretty small in comparison. $XRP won't likely get it all but no doubt more then a fair share for sure.
If you are familiar with the SECs position on ICOs you will understand why particularly educated ETH owners are very concerned as are many other crypto project due to G Gensler and his disposition and the nature of things he just may want to go after ETH, a big dog for revenge after losing all hope to stop $XRP, that boat is long gone. Now that Gary lost he has lots of companies who offered ICOs he can go after now and ETH is the big 1...
As for BTC it is almost useless in real world use cases but as long as people are happy with the story I guess it will live on. I absolutely have to be skeptical considering supposedly "no 1 knows who told the story", who is it's author? Most who own BTC don't realize that NSA built the SHA-256 hash function that the blocks are built with. Makes an informed person go Hmmm. Also I have big doubts and don't even think for a minute it is possible BTC is "truely" decentralized?
1 thing for sure I look forward to the masses of that BTC, ETH and useless projects $$$ dumping into $XRP and it will, particularly with all the under estimation most seem to have with $USD strength that is about to turn crypto on it's head and do a shake down of all the projects and weak hands which will prove to be a large majority.
28
Cash
2023 Jul 20, 7:53am
BTW Retail hardly moves $XRP and most other investment instruments a sotoshi worth but this does.
Ethereum ICO Participant Transfers $116M ETH After 8 Years of Dormancy
https://www.coindesk.com/tech/2023/07/19/ethereum-ico-participant-transfers-116m-eth-after-8-years-of-dormancy/?utm_term=organic
It's going to be open season for the SEC hunting ETH ICOs securities and the whales know it. LMAO
Ethereum ICO Participant Transfers $116M ETH After 8 Years of Dormancy
https://www.coindesk.com/tech/2023/07/19/ethereum-ico-participant-transfers-116m-eth-after-8-years-of-dormancy/?utm_term=organic
It's going to be open season for the SEC hunting ETH ICOs securities and the whales know it. LMAO
29
Cash
2023 Jul 20, 6:42pm
Shannon Thorp @thorpshannon87
I work in Treasury Management for a global bank. I am also a Realtor @ Herron Real Estate in NE Florida. XRP!!!
https://twitter.com/thorpshannon87/status/1681420969611517953
Let's talk $XRP! A few of you have asked about price prediction, time frames, etc. While no one can predict price, I will say (and I think we all know this) the price of XRP cannot be cheap. What's more, Retail will be priced out of XRP at some point. I see a lot of non-sense online regarding "the price is going to jump and then crash because everyone is going to sell". While that may be your theory...here's mine.
Retail only makes up about 1% of the XRP space. By the time the Fed, banks, businesses, etc. start putting their money into it, that 1% of retail is going to look like a minnow in an ocean! That 1% will not fluctuate the price at all. A large quantity of XRP facilitates a large quantity of banks whilst high price allows for higher transaction with less XRP. There's only so much XRP. That is my opinion.
Times frames. Again, something that cannot be predicted however, with Fednow going live July 20th, I would assume that they cannot be the only one going live. Whatever the Fed does, banks must follow because that is how they communicate back and forth. Whatever banks choose to do, their business customers must follow because that is how they communicate with the banks. This is what I deal with in Treasury Management. "Money movement" and the connections to that money movement.
Allow me to explain further on that. I previously worked for Wachovia in the cash vault. (If you're really behind the times, Wachovia was bought out by Wells Fargo I believe in 2009). In the cash vault they use a system called Glory! I eventually left several years later and then worked at Loomis as the Balance & Auditor in Cash Operations. They also used Glory. Fast forward 15 years later I went back to the initial cash vault to find that they were STILL using the same Glory system. This system was also how Fed shipments of currency could be placed.
What I'm getting at is, I would be very surprised if the Federal Reserve were the only ones going live this Thursday. Throughout my banking career I have noticed that whatever the Fed does, the banks will follow. That's basically the reason why banks close on Holiday's...because the Fed is closed. Banks are for profit, why would any company stop operations because of a holiday if they are for profit? Think about it. Now, could I be totally wrong on this? Possibly and that's going to suck if I am😂however, I have seen a lot throughout my 15+ year career in banking and we are finally entering a new era.
I work in Treasury Management for a global bank. I am also a Realtor @ Herron Real Estate in NE Florida. XRP!!!
https://twitter.com/thorpshannon87/status/1681420969611517953
Let's talk $XRP! A few of you have asked about price prediction, time frames, etc. While no one can predict price, I will say (and I think we all know this) the price of XRP cannot be cheap. What's more, Retail will be priced out of XRP at some point. I see a lot of non-sense online regarding "the price is going to jump and then crash because everyone is going to sell". While that may be your theory...here's mine.
Retail only makes up about 1% of the XRP space. By the time the Fed, banks, businesses, etc. start putting their money into it, that 1% of retail is going to look like a minnow in an ocean! That 1% will not fluctuate the price at all. A large quantity of XRP facilitates a large quantity of banks whilst high price allows for higher transaction with less XRP. There's only so much XRP. That is my opinion.
Times frames. Again, something that cannot be predicted however, with Fednow going live July 20th, I would assume that they cannot be the only one going live. Whatever the Fed does, banks must follow because that is how they communicate back and forth. Whatever banks choose to do, their business customers must follow because that is how they communicate with the banks. This is what I deal with in Treasury Management. "Money movement" and the connections to that money movement.
Allow me to explain further on that. I previously worked for Wachovia in the cash vault. (If you're really behind the times, Wachovia was bought out by Wells Fargo I believe in 2009). In the cash vault they use a system called Glory! I eventually left several years later and then worked at Loomis as the Balance & Auditor in Cash Operations. They also used Glory. Fast forward 15 years later I went back to the initial cash vault to find that they were STILL using the same Glory system. This system was also how Fed shipments of currency could be placed.
What I'm getting at is, I would be very surprised if the Federal Reserve were the only ones going live this Thursday. Throughout my banking career I have noticed that whatever the Fed does, the banks will follow. That's basically the reason why banks close on Holiday's...because the Fed is closed. Banks are for profit, why would any company stop operations because of a holiday if they are for profit? Think about it. Now, could I be totally wrong on this? Possibly and that's going to suck if I am😂however, I have seen a lot throughout my 15+ year career in banking and we are finally entering a new era.
30
Cash
2023 Jul 20, 10:31pm
Rubicon says
;) I understand cheering for your teams and all but just for shits and giggles do you have any facts supporting your stand and opinion beside your family and friends bought and own BTC and ETH lmao
Shitcoins bag holder spotted
;) I understand cheering for your teams and all but just for shits and giggles do you have any facts supporting your stand and opinion beside your family and friends bought and own BTC and ETH lmao
32
Cash
2023 Jul 20, 10:40pm
Cross-Border Payments
Settlement in seconds, not days
https://ripple.com/solutions/cross-border-payments/
Read the whole page watch the video do some real DD and get back to me ;)
Settlement in seconds, not days
https://ripple.com/solutions/cross-border-payments/
Read the whole page watch the video do some real DD and get back to me ;)
33
Cash
2023 Jul 21, 8:50am
Why do I hold $XRP? This video should make it clear.
https://twitter.com/i/status/1575880960041943040
https://twitter.com/i/status/1575880960041943040
34
EBGuy
2023 Jul 21, 2:19pm
Create 100 billion XRP out of thin air.
Trust Us
During consensus, each server evaluates proposals from a specific set of servers, known as that server's trusted validators, or Unique Node List (UNL).5 Trusted validators represent a subset of the network which, when taken collectively, is "trusted" not to collude in an attempt to defraud the server evaluating the proposals. This definition of "trust" does not require that each individual chosen validator is trusted. Rather, validators are chosen based on the expectation they will not collude in a coordinated effort to falsify data relayed to the network 6.
Trust Us
During consensus, each server evaluates proposals from a specific set of servers, known as that server's trusted validators, or Unique Node List (UNL).5 Trusted validators represent a subset of the network which, when taken collectively, is "trusted" not to collude in an attempt to defraud the server evaluating the proposals. This definition of "trust" does not require that each individual chosen validator is trusted. Rather, validators are chosen based on the expectation they will not collude in a coordinated effort to falsify data relayed to the network 6.
35
WookieMan
2023 Jul 21, 5:30pm
WookieMan
2023 Jul 21, 5:30pm
When the shit gets rough in crypto this is when they come out of the woodwork. They lost their ass. They're freaked out. So they try to pump it on sites they visit every 3-9 months.
Not trying to be a dick, but this pattern has played out over and over. People got over leveraged in fake money. Enjoy the gains if you got them. Highly probable one didn't. It's okay. I'd frankly get out of the dumpster fire even for the few times it jumps.
Not trying to be a dick, but this pattern has played out over and over. People got over leveraged in fake money. Enjoy the gains if you got them. Highly probable one didn't. It's okay. I'd frankly get out of the dumpster fire even for the few times it jumps.
36
Cash
2023 Jul 22, 7:01am
Some facts...
If their is anyone that has been more transparent who has posted about crypto anything it's me. I disclosed when I sold most all my holdings in 2021 and besides sharing a bit about $XRP and that I would post when I thought there was something worth posting. Just to be clear anyone who has read the crypto posts know this would be the last place to try and pump and suggesting that is the case is just another personal attack and insult, I have traded
currency for 25yrs. and if anyone knows like I posted earlier retail does not or at most minuscule moves any markets.
It is more then obvious that the derogatory na-sayers posting don't read a bit about what was actually posted and shared and are either "by choice" totally ignorant, uninformed, foolish or "eat to much dick" you are what you eat they say, or are holding bags of underperforming tokens such as BTC or ETH.
Do you notice "they post without any receipts to support their opinions" but rather just direct or off-hand personal insults?
No you don't, not 1 single fact of refute. I challenge the posters who wants to call into question my motivations to actually bring something to the table that is any kind of proof and just not insults, which they simply can't do because it doesn't exist.
If their is anyone that has been more transparent who has posted about crypto anything it's me. I disclosed when I sold most all my holdings in 2021 and besides sharing a bit about $XRP and that I would post when I thought there was something worth posting. Just to be clear anyone who has read the crypto posts know this would be the last place to try and pump and suggesting that is the case is just another personal attack and insult, I have traded
currency for 25yrs. and if anyone knows like I posted earlier retail does not or at most minuscule moves any markets.
It is more then obvious that the derogatory na-sayers posting don't read a bit about what was actually posted and shared and are either "by choice" totally ignorant, uninformed, foolish or "eat to much dick" you are what you eat they say, or are holding bags of underperforming tokens such as BTC or ETH.
Do you notice "they post without any receipts to support their opinions" but rather just direct or off-hand personal insults?
No you don't, not 1 single fact of refute. I challenge the posters who wants to call into question my motivations to actually bring something to the table that is any kind of proof and just not insults, which they simply can't do because it doesn't exist.
39
Cash
2023 Jul 22, 1:26pm
“Ripple Wins”
Coming to a theater near you. 🍿 #XRP
https://twitter.com/NFAdotcrypto/status/1679717716087767041
Coming to a theater near you. 🍿 #XRP
https://twitter.com/NFAdotcrypto/status/1679717716087767041
40
richwicks
2023 Aug 18, 1:04am
richwicks
2023 Aug 18, 1:04am
Is @Bitcoin still alive, or did the vaccine kill him?
I am seriously curious.
I am seriously curious.
positions but nothing to write home to mom about until last Friday. The token I have bought in mass is the only token in US with
regulatory clarity "and it isn't $BTC" which has literally 0 real utility and is bought with the idea of
store of value and never will be much more then that, that is if it can even retain that assumptive use case.
The Token I already owned and am buying in mass is $XRP, which on Friday received legal clarity that it is not a security.
Short analysis is now institution in the United States can buy and use this token, and they definitely will as are the gov., institutions and companies around the world are already doing so, but the real clincher is they will need to buy it in the open market with the rest of us. The company responsible for the creation of $XRP, Ripple lost a portion of the 2.5 yr law suit to the "SEC vs. Ripple" case if you are interested in the "what for's and whys" of the case.
https://ripple.com/
BTW $XRP is now the only token that has "legal clarity in the US" and was re-listed by the US exchanges Friday as soon as the SEC lost this portion of their case and legal clarity was given that XRP is "not a security" and the token has gained 11+ billion in Market cap since.