/biz/ - Business & Finance

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

This is a little song, about getting some
You know what I'm saying, if you don't. kick it

WE WILL MAKE IT!!!

>>23268130
I just wanna make it bros. How are we gonna cash out millions of fucking dollarinoes when xrp hits 2k usd each? I have about 3k xrp

>>23268130
bless the based baker

What happened in Swell?

>>23268222
kraken pro account

>>23268130
We’ve been hoodwinked, bamboozled, lead astray, run amok, and flat put deceived....

Unironically though

>>23268130
I have 100k XRP. When will I be a millionaire?

nice swell pump, retards

someone please explain to me how Flare (post Spark drop) will drive demand for XRP. Will XRP be used as collateral for smart contracts on the Flare network?

The closer we are to the pinnacle of the Q happenings, the closer we are to XRP moon. This is the same thing, everything is connected, super big picture stuff. Haven't even looked at this yet, but I know everything is escalating, and it feels fucking great. I can hear the evil ones hearts crying out in sheer terror because of having to face judgement soon for they know God will not forgive them.

>>>/pol/282481950

Remember guys, this month is for sitting back and relaxing so put on your favorite songs, get your favorite hot beverage and watch the raindrops slide down the window and produce little ripples in the rain gutter.

>>23268226
The big news I’ve seen (posted by another anon, earlier) is that (allegedly) Directors from the Federal Reserve and the European Central Bank confirm at the Ripple SWELL conference that they will use existing technologies from the private sector for their CBDC in order to be efficient.

https://mobile.twitter.com/RB_xrp/status/1316379842070413312

This was posted end of last thread. That’s pretty fuckin uncanny if true

>>23268149
Fpbp

>>23268149
BASED OOOOOOOOOOOOOOOOOO poster

>>23268280
To venture my unsolicited and uneducated opinion: I don’t think flare will be anything. I can’t imagine the target market (banks and other FIs) doing anything with it.

I may, of course, be wrong.

>>23268366
Xrp is the standard isn’t it

>>23268487
You’re god damn right it is

>>23268366
OOOOOOOOoooOoOOoOooooo

>>23268269
Humble brag faggots should get the rope.

But yes, many times over.

>>23268245
Oh yeah... Thanks bro

>>23268269
>>23268531
Oh, I missed the “when”

Soon enough.

The rest of my previous post stands

>>23268366
hahaha. a hearty kek and check to you anon.

>>23268366
What the fuck? What is AVCER? How much harder can my dick get?

>>23268350
Stray strong, stay comfy

>>23268458
seems like smart contracts would be needed. they could play an important role in xrpl's "IOUs" as well as moving/working with other tokenized shit through the ledger. But I'm just a retard, who knows

>>23268350
Bullish as fuck.

>>23268458
>>23268651
>Through the use of smart contracts on the Flare Network; Flare Finance opens the door for many new financial products, such as:

>P2P Margin and Spot Trading
>Non-Custodial Liquidity Pools
>Decentralized Insurance Coverage
>and much, much more...
https://flr.finance/#About

AHHHHHHHHHHHHHHHH

>>23268651
ISDA have their own smart contracts project (not XRP based - I checked - but I can’t remember what they were using instead). Whatever they back is 99.9% likely to succeed.
I don’t see XRP being used by wholesale as IOU’s. Just a token to trade in and out of to transfer value.
Neither do I see it as being used as collateral in any way - I think that harms the main use case by tying up liquidity.

Again - all just my personal opinions.

>>23268718
See: >>23268739

I’d back ISDA’s project to succeed.

Blessed Fuhrerdubs thread. Imagine how fast Hitler could have turned Germany around with blockchain and $2000 XRP.

>>23268764
>https://flr.finance/#About
That is not flare.

>>23268718
>>23268764
Also, all of those things you listed sound very retail to me (imagine “retail” in that sentence was italicised to show contempt)

>>23268854
What is not flare? Could you elaborate?

>>23268130
>they're still trying to make xrp threads while xrp whales are dumping xrp for quant
LMAO holy fuck you fags are just sad
RIP

>>23268366
the colors are different

>>23268895
Flr.finance is a pajeet scam.
https://flare.xyz/ is the site.

>>23268900
>There are still people shilling their flavor of the month coin in /XSG/ threads
LMAO holy fuck you fags are just sad
RIP

>>23268949
Ah, noted. My central point would still stand though - if it’s smart contracts they want, it’ll be ISDA’s smart contracts.

>>23268934
Colors are the same, just different shades.

I miss him so much, bros. When we fund the Fourth Reich and make the Holocaust finally happen in real life, I say we gas David Schwartz last.

>>23268900
That’s not even true you fucking retard kek the biggest whales in XRP are financial institutions. Let me know when quant moves up to even 10b MC.

A question for the most based anon's
>who does the receptionist of a dentist always have to eat super crunchy food
it's like they're smugly teasing you

>>23268277

huge buy signal tbqh

Bros XRP is dumping. This is our chance. Swell was already priced in make sure to buy these prices up

Should I buy ze dip?

>>23269050
But isn't this the standard on broadcasts?

>>23269250
If you don't hodl that much yeah bro.

PLEASE GOD LET MY CHECK ARRIVE BEFORE THIS DUMP STOPS

>>23269211
A fucking swell.

>>23268739
>>23268764
>>23269001
WTF?! not doubting what you are saying here about ISDA but I was under the impression that Flare was at least somewhat officially endorsed by Ripple... fuggg this makes me a lot less optimistic for a pump around the spark drop. Maybe I will be selling my sparks asap... I thought that some of the Flare dev team was connected to Ripple? Or maybe it was that they were former ripplers? Looks like I need to spend some time digging/educating myself on this Flare stuff

>>23269321
Why does it matter? Free token and good press for ripple

>>23269435
I agree. I was just thinking that it was somewhat connected to Ripple officially but I guess it isn't. In my somewhat uneducated opinion I still think Flare could make ETH obsolete

>>23269321
It has no effect on XRP though - that’s the key point. It’s also free - if it ends up being worth 1c each, you’ve still made money.

Also - a swell pump would be just that: a pump. Movement of the market due to normies buying in. That’s not the prize.

That’s not taking us to the moon, anon. The moon is not going to come via retail fomo’ing in.

>>23269287
Spend 100£ on this reeeeee

>>23269527
the Flare/Spark drop date just seems so perfectly timed with the estimated flippening date... not sure what to make of all this, had been hoping/suspecting that the flip would happen prior to the spark drop which would seem like a smart move strategically on behalf of Flare

>>23269594

>>23268331
Cheers bud

>>23269612
On that point, I can hopefully give you some reassurance.

In my view, the long term project (mass adoption by banks/FIs) would not be best served by having too many retail holders. That would - initially at least - represent a pool of liquidity tied up in hard to reach places (enhanced AML/KYC).

I think therefore that ripple would be incentivised to flip the switch pre-flare in order to price out the hordes buying in solely for the drop.

>>23268458
N-word, WAT?

Bank of America? Apologies for potato quality, found on Twitter.

>>23269764

>>23269690
makes sense to me. thanks for the reassurance fren

>>23269703
As noted above - I think ISDA’s baby will always win out. But: who cares? It doesn’t affect XRP and it’s free gibs anyway. Literally any value at all will be profit.

** again, this is just my personal opinion - I may be wrong

>>23268280
as i understand it, flare will allow xrp holders to stake their xrp as well as lend it out using smart contracts.

the pairs for lending are XRP/XLM, XRP/BTC XRP/USDC, make of that what you will (spark is the flare token for wrapped XRP)
"Time series data is a confusing descriptor for someone who is non-technical, but the Flare Network’s blog indicates that these will be data sets that initially include “…prices for: XRP/Spark, USD/Spark, BTC/Spark, and XLM/Spark.”

flare will also be used for governance.

https://coil.com/p/macropolo/Thoughts-on-the-Flare-Network-s-Governance-Model/21XeXo7l0

>>23269263
It's an antiquated broadcasting test for CRT televisions used now only as a stylized graphic. They didn't need to publish it at all.

>>23268458
see my post >>23269842

>>23269764
OOOOOOOO

goddamn. and remember, after it was officially announced in July that BoA was a ripple partner, Warren Buffett immediately invested $3 billion

https://dailyhodl.com/2020/04/08/bank-of-america-executive-touts-partnerships-with-ripple-and-swift/

https://www.fool.com/investing/2020/08/03/why-is-warren-buffett-boosting-his-investment-in-b.aspx

LINK $1,000 EOY

>>23268350
that's fucking awesome. i think that settles it. i'm going to take out a loan to buy more XRP. they said that AT SWELL? wild.

>>23268350
this is incredibly bullish if true

>>23269892
Thanks.
My view:
>>23268879
>>23269545
>>23268739

>>23269945
>>23269994
Absolutely Bullish. It’s happening brothers.

>>23269835
SHeeeeiiiitt, you're probably right bro. Flare however does significantly upgrade the XRP ledger functionality for devs that wanna build on it. Not even in the area of fintech specifically but any sort of DLT/smart contract application.

Is it smart to hold some XLM as well? I assume XLM would follow XRP and cover the unbanked.

>>23270200
Checked. Yeh, I should point out that I really only look at all this through the lens of the current banks/FIs market. I won’t claim to be right, nor would I claim any special insight into the technical capabilities or what that could mean going forward.

>>23270247
90% XRP, 5% XLM, 5% ALGO seems to be a common hold.

>>23269764

>>23270283
Everytime I buy XRP I buy XLM with the change remaining from XRP. Only got 188 XLM as of now and 7k XRP

XRP $2K EOY

>>23269945
Keep in mind the source of this info is a now-deleted tweet that had no original attributions, just the claim.

>>23270247
All in 90k xrp here, i sold everything else

>>23270283
I thought so. My last experience with XLM was riding it from .24 to ~.90, so hopefully I am good luck.

>>23270269
Well I mean you're not wrong. That is 100% Ripple's specific area of focus with XRPL but I like to think that with Ripplex or Xspring, whatever the fuck they are calling it now, incentivizing devs to build their dapps on XRPL, that's how we get to Neptune. Imagine the mass migration to XRPL after wide scale financial adoption.

One chain to rule them all, and in the tendies bind them.

>>23270339
It's still there fren.

>>23270555
Checked, I’m gonna jerk off to David Schwartz, no homo.

Why the fuck is xrp 24 cents, i need it to drop.

>>23270340
All in 80k XRP here. Plan to add more.

>>23270602

how does $10,000 2021 sound?

>>23270629
like 800 million dollars.

>>23268331
October is the best month.

>>23270555
Checked, but incorrect. If you look at the top of the tweet it says "This tweet was deleted by the user." You're seeing an archived version.

>>23268130
We made it boys.

>>23270582
he's so dreamy, i love a man with a brain that can decipher complex alphanumeric codes while gnawing the flesh from a live sheep in under 2 minutes

kek. he’s on to me. im ready.
(not Brian though)

>>23270703
I don’t see any message about it being deleted. Maybe your Twitter is broken?

>>23270340
>>23270602
How close are you anons to liquidating assets for more XRP?
I'm thinking of selling my stonks (10k worth) and flipping into XRP.

If xrp moons to 2000 will binance rug and run off with billions? I don't have a hardware wallet and don't know where to keep my 40k stack

>>23270371
It's RippleX now.
And yes I agree. The ability to develop on the Flare network is similar to the Ethereum network, but with the advantages XRP has in utility. Even if ETH 2.0 solves the primary issues with ETH (scaling being the biggest) AND comes out before Flare goes live, Spark holders still have opportunity in an emergent space. I don't see this as a losing investment even if you're just in it to hold spark after drop

>>23270789
i am thinking of going to the truckstop in a halter top and stiletto heels and a ratty old wig and putting in some work for a few more xerps

>>23270789

should I sell my physical silver and flip to XRP?

We moon December 17. Screenshot this.

i am thinking about calling all of my high school friends who post pictures on facebook of houses they've bought or nice cars they own and asking to borrow a few hundred bucks just until next payday and i swear i'll pay them back they know i'm good for it

>>23270789
Bro I am like THIS close to dumping literally everything. Looking at my BTC/ETH and other shitcoins just thinking about how much XRP it could make...

But DIVERSIFY they say...

>>23270811
>$10k in XRP
>won't buy a $60 ledger.
You're too retarded to make it.

>>23269211
Buy these prices... .24?

>>23270811
download exodus fool, it's slick-looking and you can link it to the flare drop

>>23270811
What, and spend the rest of their life not being able to spend any of it and running from multiple legal authorities? It's not like they are an anonymous entity.

>>23270827
It feels like 2017

>>23270812
Agreed. Also... I don't see Eth 2.0 coming out for a good long while LOL

Definitely not before Flare is live. I could be wrong but I doubt it.

>not posting the schwartzpepe meme in every thread
why even enter this thread

>>23270786
Yeah, anon he's mistaken. It's still there if you scroll down the twatter page.

>>23270856
>diversify
All playbooks go out the window if you believe in XRP. Save the boomer strats for your real wealth

How old do you think this dip will get or is $0.24 the bottom

>>23269785
whats the currency there and what does that value convert to in $'s?

>>23270858
>ledger

If you can't make your own DIY ledger with a spare USB you're too retarded to make it.

>>23270903
>yeah I definitely did not say by 2023

>>23270935
I personally think that we're going to see more of a dip because of the Mt. Gox BTC reimbursement that is due, I think, tomorrow.

>>23270927
I mean... that's dumb, but I get it. However, I am at a point where I have accumulated enough that it would be irresponsible to not invest in other things as well since the difference in my actual quality of life post moon would not really be affected. So in the event that XRP is a non starter (however unlikely that may be) I will still be able to ride a general adoption wave.

And it just keeps dumping and it just keeps dumping

>>23270991
Let’s hope so, we all need some extra zerps

YOU GOTTA LISTEN TO THIS

57min-1h 1min

they lay out scenarios and most probable is XRP type scenario, least favourable is obviously Libra bs even though they don't say it outright

https://youtu.be/FUod3XCheds?t=3401

This bitch is Chief of currencies and payments at the IMF, a newly created role ;)

>>23270825
Silver isn't doing too well price wise, I face a similar dilemma...I would love to sell 100oz at 30USD and flip for more XRP

>>23270856
I've already given up on other cryptos.
I'm thinking have 90% of my assets in XRP throughout November, worst case scenario I buy back into my former positions in January/Feb and maybe lose 3-5% of my overall portfolio.

>>23270991
Oh fuck really? What if they dump and the whole market is toast?

>>23271072
today is a good day

>>23271190

>>23271072
I thought libra wasn’t even really going anywhere since it pretty much flopped hard.

>>23271190
context of this picture is it's from a speech given by the Bank of England yesterday
https://www.crowdfundinsider.com/2020/10/167922-bank-of-england-speech-notes-that-cross-border-faster-payments-may-include-dlt/

bank of england is working with ripple partner accenture on this project
https://www.yahoo.com/entertainment/bank-england-pick-ripple-partner-125908421.html

>>23271184
Don't try to time the market. Set some fiat aside in case this happens, but don't risk being priced out for greed.

>>23271210
I don’t think it is necessarily, but just the possibility of it really put the spooks to regulators and governments.

Thinks about facebook’s reach - if their username adopted en made, that could truly represent a currency to rival national currencies, which fucks a country’s ability to use monetary policy.

I think we’re seeing a rush by key players to corner the market, so nobody else can threaten like that again.

>>23270951
>>23269785

>>23271303
*if their userbase adopted en masse

Fucking phoneposting!

>>23270955
>using others' crypto
not being able to develop your own Crypto with some c++
NGMI

>>23271224
I have 500$ ready to roll.. just need a-go.

Might try and wat on this dip... if it hits .27 I may fear buy 250...
But if I can hold off for this kind of big drop i would not mind.

>>23271345
Is this from swell??? Fuck yeah
What’s the timeline looking like for this to go live?

>>23271184
I'm sure I'll lose money in the short term. Like >>23271224 said, who knows how fast it will bounce back and there would be a risk of getting priced out if the momentum continued. There will be a buy frenzy for BTC if a significant amount of those accounts sell. Which if I was effected by Mt. Gox, I'd want my gains on my liquidity returned after all this time.

>>23271379
If it drops below .20 this month, I will probably go all in.

>>23271405
>Which if I was effected by Mt. Gox
Hmm..let me dig into that
>Founders: Jed McCaleb
The Stellar/former Ripple CEO was involved with BTC/Mt. Gox...pretty schizo

>>23271414
If you were going to go all in you would have done so already.

>>23271345
BRL? Is that the example currency? Am I reading that right?

>>23271445
What does this mean?

>>23271476
BRL = Brazilian Real

>>23271445
Wait a minute. This guy is in control of this shit. He knows what he’s doing... it isn’t even in his interest to get the price of XRP down. Interesting.

What’s your take boys? Are our EOY dreams crushed?

Just woke up. About to start working on some CAD drawings for my biz. What's the news fellas?
tldr for today? I saw Mr.Pools/IMF pic.
Pretty insane!

>>23271564
Price moves before action

>>23271564
It says global stablecoin agreement, it doesn’t say 1 world currency. It’s talking about stablecoin adopting AND it says PRIVATE SECTOR. This is bullish as fuck

yfw xrp is still less than 30 cents by eoy

>>23271516
> Jed McCaleb founded Mt. Gox which became the biggest BTC exchange
> it was hacked and millions of BTC were stolen
> BTC plunges in value, major flaw in crypto is discovered
> lawsuits followed but cryptos were unregulated investments
> now Ripple/ XRP are all about regulating cryptos

If you're a schizo and believe that crypto is all a NWO play from decades ago then McCaleb orchestrating the biggest hack against BTC is just another play.

>>23271445
>>23271516
>>23271538

You guys really need to do your own homework. This has been known for quite some time.

>>23271519
Thanks.
>>23271445
This is some 5D chess. I suppose we'll find out soon.
>>23271564
Very interesting. I think EOY is still the schedule.

>>23271635
Ah fuck it, I’m gonna jerk off to a me, David Schwartz and Brad Garlinghouse ménage a trois. 2K EOY MOTHER FUCKERSSSSS

>>23271519
Tfw BRL is getting devalued in relation to the USD each day... Brazilian XRP bros... How to cope with that feeling? I'm trying to cope by getting dollars on Forex, but I lost $3,30 today. Tomorrow I'll try again, wish me luck.

>>23271666
Sorry Satan
I'm just discovering this part of the XRP lore

>>23271564
You need the price to be there before the announcement

>>23268321
>The closer we are to the pinnacle of the Q happenings, the closer we are to XRP moon.

Agree. Refuse to date fag but will try to event fag. Here's what I see, gladly welcome your thoughts and insults...faggot.

> Amy Coney Barrett sworn in / ensures Trump's victory / legal SCOTUS cover opens the door for...
> New stimulus / new stimulus opens the door to
> CBDC USD / opens the door to PMs mooning
> Gold price begins to inflate [read: USD declines in terms of gold]
> Deepstate drops
> Attempted postponement of the election, fails
> US Election
> Attempted legal challenge to the election, SCOTUS upholds election validity
> Gold moons higher, silver starts shooting up / opens the door to public perception of USD decreasing NOT their assets apperciating
> Hyperinflation / meltup starts [phase transition starts]
> Forigen CBs announce their own flavors of CBDCs
> $20k USD gold
> $1k USD silver
> Shocking audit reveals US/US military has more Au/Ag (and Pd/Pt?) than previously thought / opens the door to metal backed monetary system
> UST announced; Au/Ag ratio established; this impacts derivatives as:
> Old derivative settled in USD, only (?) US citizens can convert gainz to UST
> New derivatives issued in UST by new industry and tech
> US citizenry begins to convert USD into USTs, presumably at a 1:1 rato,
> XRP announced as bridge asset; forigen financial system compliance required with XRP [read: just like SWIFT today, you've got to play by the US imposed rules if you want to do business with the US]
> US allies at a slightly less favorable ratio that 1:1 assuming banking system is XRP compliant, then
> Netural countries at a greatly discounted ratio assuming their banking systems are XRP compliant
> XRP mooning [here]
> Debt jubilee as US government settles banking debts
> Gold now $50k-$100k UST
> Silver now $2k-$10k UST
> USD now phased out
> UST now phased in

>>23271642

>>23271564
I’ve posted a few times on a similar line over the past few threads. Global agreements being implemented is not the key. Recommendations by the BIS is the key.

As with all global banking/finance regs, the national regulators announce their intentions, it moves to the BIS (or similar) To put together proposed regs, then finally, all the national regulators put rules in place broadly mirroring the BIS position. This ensures consistency across major nations.

If the BIS says Ripple, we’ll have liftoff.

Finger in the air, I would guess BIS recommendations come slightly before or a month or two after the G20 summit on 21/22 Nov

>>23271696
US Election outcome will not change XRP's implementation. This is bigger than the US, and has been a long time coming; a lot of time and money and power wrapped up in the plans. INTERNATIONAL monetary fund. WORLD economic forum. This is global, anon. Just sit back and wait.

>>23271729
Great insight, thank you anon.

>>23271770
Exactly this. Thinking the US election has an impact shows narrow vision. XRP is bigger than the president of the US; banking and finance is bigger than the president.

>>23268245
oh shidd, I just made one and bought 83 XRP

small start but I plan to buy a lot more very soon.

how much to make it bros?

>>23271814
At least 500 if you wanna hit 1mil

>>23268487
i'm starting to feel that xrp is the only coin what matters anymore. all the others are shitcoins of some sort, backed by community hype and hopes and believes. xrp however, is backed by governments, banks and the elites. it has already proven use cases and its playing in a different league than all the others. i dont trust even link anymore.

xrp is the standard

>>23271855
Checked and based.

The standard

>>23271855
I would argue that any coin in the ISO20022 has merit. That said, you've picked your horse from a stable of winners.

>>23271855
True. I really don't understand why XRP haters can't see this.

>>23271844
noted. ty based XRP bro

>>23271814
10k minimum

>>23270789
>How close are you anons to liquidating assets for more XRP?

Closing out my option positions (thank you based Greg Mannerio for the guidance and gainz!) and redeploying the capital to XRP.

Should have ~225k XRP when finished, which I hope should be enough to make it.

Beyond XRP I also have a decent PM position in

> Silver (75%)
> Platinum (20%)
> Gols (5%)

If you adhere to the speculation that mooning will occur in this order:

> GOLD > then > SILVER > then > XRP

...there's a chance you'll see the Au:XRP ratio shoot up [i.e. the price of gold increases but XRP continue to crab]. If that happens, I will seriously consider converting part of my gold > XRP...assuming the LCSs, banks, exchanges, etc., are open and working...if shit's hitting the fan hard who knows if one will be able to execute trades on account of logistics.

Planning on flipping my silver to gold when the gold/silver ratio closes, so probably not going to be in a position to trade silver for XRP...but again, who knows?

See plat as the schizo metals play (what XRP is to crypto, Pt is to the metals); again no idea what'll happen here but do think Pt is severely undervalued compared to gold.

>>23270825
>should I sell my physical silver and flip to XRP?

If you had gold I'd say keep some handy but think the silver play will be to hold with a strong hand until the gold/silver ratio closes and then jump to gold.

>>23271908
You got it fren. See you on the other side :)

reminder, the digits are on our side

>>23271770
>>23271807
>US Election outcome will not change XRP's implementation.

Apologies if my post was not clear: I do not mean to imply XRP/Au/Ag/monetary systems happenings are dependent on the US election, rather I see the US election as one of many conditions which must be met to set the stage for what has to happen. Ditto with SCOTUS right now too.

For example, if the plan is to go back to based money you'll need to cover all your bases. Locking up control of the FED (e.g. Sheldon's nomination), locking up control of potential legal challenges (ACB's nomination to SCOTUS), and so on are the necessary "pre-steps" to smoothly implement the new system.

>>23271696
...was my attempt at trying to ID what pre-steps were visibal to the public and attempt to put them in the correct order.

>>23271939
the silver play is to short silver hard

All these shizo memes makes me happy I would like to add 1 of my findings

> Link https://archive.4plebs.org/pol/thread/267378570/#267382997

>>23271942
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>23272081
I would respectfully disagree. There are no pre-steps required of the type you’re suggesting.

SCOTUS nomination: irrelevant in my view. There will be no legal challenges

FED nomination: irrelevant in my view. The fed is already agreed (along with the ECB, BoE, BOJ, and others).

My assertion is that this is already a done deal - we’re pretty much at sorting the i’s and crossing the t’s.

The above stands regardless of my below comments.

I have a very much non-schizo view of things though. I’m not convinced there will be a gold backed system in place, for example. Nor, frankly, do I give a shit. It’s not relevant in my view to XRP’s success, which I would put entirely down to its use case.

>>23272134
This is where I first found out about XRP, from this /pol/ AMA.
After doing a lot of research into the /biz/ I decided on XRP/XLM. Just for what it's worth he does another AMA a couple weeks after and he also said veChain would be good as an investment.

>>23272134
>Xi is NatSoc

>>23271666
The Mt.Gox BTC release? I’ve only heard about it about a week ago

>>23272234
XRP is coming one way or another. The only question is what that world will look, and America has a big say in how it goes.

Can someone explain why it would be $2000?

>>23272347
Who cares we gonna be rich, I cant wait till I stop wageslaving for shitty a company and then buy it out and burn it all down, just because I will able to afford it kek

>>23272347
I think that’s it though - I have no expectation that XRP, or any crypto, is going to change the world.

With XRP specifically - it’s not meant for the world. It’s just meant for finance.

With the world generally - like I said, I’m not convinced by the move to the gold standard and even if it did move, I don’t think there will be any impact on our day to day lives. It’ll all be BAU.

I’m pretty much entirely non-schizo - though I like seeing all the different theories. Fiat isn’t dying, there will be no wholesale debt jubilee, there will be no hyperinflation, etc, etc. All just the same old shit. Except we’ll all be rich.

As always - I could well be wrong about any or all of it.

(Not directed at you specifically, but please don’t feel the need to tell me to do some research or not be naive or whatever - we all have our world views and I dont think anyone will be changing my mind. I fully respect all the schizo stuff - it’s just not my own view)

>>23272556
Hyper inflation maybe?

>>23272556
See: >>23271729
it would be as simple as the BIS saying, “we’ll use XRP and will value it at $2k”

Price would instantly be 2k.

>>23272556
the general idea is XRP has to be a high price to make it work. If XRP is at $1 that means a bank that wants to transfer 2k to an overseas bank must send 2k XRP which is inefficient. If 1 XRP=2K then they would only have to transfer 1 XRP. No fees

>>23272556
gold
No more fucking spoonfeeding go have a look yourself

>>23272720
Also there’s only 100bn Xerps. At $1, that’s $100bn of liquidity.

The interbank transfers market is something like 20trn per day.

>>23271770
>>23271807
Wrong. XRP will only take off under a trump administration. Deepstate wants democrats to be elected and support Bitcoin so they can launder money.

>>23272720
also this

>>23272806
Kek. Sure chap.

>>23272806
This is bigger than elections idk how many times ppl need to be told
America is not the center of the world, there is more at play than some silly sham election puppet show

>>23272556
Take the USD and all the world currencies out, replace it with XRP. XRP is deflationary and there is only 100 billion xrp. many of this is in lost accounts.
XRP will not be tied to gold silver or anything, its utility is what determines its price.

So, Bank of America was confirmed today? That’s like, super fuckin bullish right?

ITS TOO GOOD TO BE TRUE AAAAAAAAAAAAAAAAAAAAA

>>23272806
Somewhat more politely than my last post: ECB, Fed, BOE, BOJ, BIS, etc, etc, all already heavily hinting at XRP. Need XRP’s utility to facilitate CBDCs - to ensure speed, interoperability and prevent dollarisation (BTC simply can’t do it). They’ve been working on this for years.

But you think they’ll stop and down tools if Biden wins?

Come on, anon.

I may be wrong, but I don’t think I buy into your version. Regardless, time will tell all.

>>23272827
>>23272858
You don't know shit. the World Economy is directly tied to the US and its elections on who runs the country.

Yes America IS the center of the world, it is the only Superpower on earth, its Economy is bigger than the worlds combined. its total Net worth is over 730Trillion. the world halts to a standstill when the US economy fails.

the puppet show is exactly why you are fooled into thinking its nothing.

>>23272917
Yes, XRP is transparency, the shadow banking system does not want transparency.

>>23272827
he might be wrong about the reasons but he's not wrong about the result. The globos want to break up Amazon, Google, and Apple. What's left of the US economy at that point? They want to throw the game to China and they want to do it now. Biden being elected would be an unprecedented disaster for these and other reasons.

>>23272939
In the context of what we’re discussing, anon, do you know what the US president is? Not Trump or Biden, but the office of president?

The US president is a bitch. They’re nothing.

It’s all relative anon. If you’re talking about the global financial system, nobody cares about the president. He’s a fart in the wind.

XRP happens no matter who wins.

>>23272939
Don’t get angry anon. I’ve stated my view and you have twice (impolitely) stayed yours. Time will tell.

>>23272975
Again, I would respectfully disagree.

No US president would take down Apple, amazon, etc. They may pay lip service to it, but they would never do it.

They would be suicided if they tried.

>>23273052

You don't understand how anti-american Biden and Co are. The guy practically wrote the DMCA. He's a thousand times more dangerous to constitutional values than anyone in the opposition.

>>23272975
>>23273052
I should say: yes, Biden being elected would be a shit show. But there’s only so much damage he’ll be allowed to get away with.

Raise taxes to the point companies start offshoring profits again: fine

Actually destroy major US companies: night night

>>23271677
your one inch into brad and david's one inch into you wich way do you go forwards or backwards?

>>23273111
Checked. Yes, he’s absolutely anti-American (not Biden specifically - he’a never had principles and wouldn’t remember them if he did, but his party at least).

They will only do so much damage though, and most of that: pandering to minorities, flooding the country with immigrants, over taxing businesses, free trade to offshore labour, etc, etc, is not much different to the status quo pre-Trump.

>>23271942
quads

>>23272602
>i cant wait to become filthy rich and start to immediatly piss my money away

>>23273111
>>23273196
I’ll also say, they may ruin vast swathes of the country (other than safe spaces for their urban liberal supporters), but that’s different to the economic national security of the country (we might argue that the long term effects of their policies will destroy America’s economic position, but that’s different to short term execution of it)

It’s also separate to what the finance industry does. They don’t give a shit that you’re flooded with immigrants. They’ll keep doing what they’re doing - including implementing XRP

>>23271666
Every FUCKING thread, checked!

>>23272917
You're not wrong, anon. A subset get myopic, here.

>>23273348
Man. Disappointing.

>>23273523
Why so?

>>23273348

Imagine something as destructive as the DMCA applied to crypto. We live with the consequences of that bill every single day. It shapes our lives in a way that most people don't think about or notice. I don't think there is an upper limit to the damage they can cause.

>>23268487
Yes XRP is the standard. $2k eoy.

>>23273556
It could well happen to ‘crypto’, anon. I honestly wouldn’t care, because it wouldn’t happen to XRP.

The FCA has started down this path already: classifying crypto as exchange, utility or [some other name I forget].

The tokens used by the powers that be (and banks certainly be), will be classified as good. The rest will die.

When I say “XRP the standard”, I don’t mean XRP will be the most successful. I mean virtually all other cryptos will die and XRP will rule god-like over what’s left.

The standard.

>>23271844

where are you gettign this number...500 xrp = 1000000

2k xrp i thought the k in 2k was the number 11

What if btc dumps hard with everything else and xrp stays afloat?

It’s eerily quiet.

XRP the standard.

>>23273702
500xrpx $2000 is $1 million

>>23274134
Everybody’s gone. It feels like I’m missing something.

>>23274203
People don't have to constantly talk. Go back to plebbit if you want to have a constant back and forth about funkopops or whatever stupid gay shit you faggots talk about on there.

I remember 94 days ago I came to this board and made post about xrp and chainlink nerds would fud the life out of it, this whole board was chainlink.. now look brothers we have made a comfy spot. They can no longer fud us because we have big brain schitzos to debunk there weak fud, we can see what they cannot, they are sheep they are the fluoride stare.

I think we really are going to make it bro’s.

Xrp to $xxx/xxxx eoy.

>>23274266
Fuck off, faggot.

i still can't believe that retard unironically accusing xrp of being a rugpull. gotta be the most absurd fud i've ever seen. ctfu

>>23274297
no u fucking mouthbreathing jabberbox

Alright Gents, serious question.

If we find ourselves sudden millionaires slightly before the end of the tax year, how the fuck do you plan to keep as much of your gains as possible?

Nothing illegal and nothing that involves moving to a cap friendly nation. Realistically, how do you plan to compartmentalize or shelter (legally) your sudden influx of income?

>>23274321
>Two posts by this ID.
>contributes nothing.

KYS. The world won’t miss you.

>>23274341
Speak to a wealth manager (JPM, Blackrock, etc.) and a good law firm. They’ll talk you through the best options.

>>23274341
Cash out 10%, pay taxes on it, sit on the rest until 2023 and/or something like bitpay is a common thing so I never have to cash out at all.

>>23274351
I've been lurking since way before that nigger raped your mother

>>23274376
Sure, faggot. Go back to lurking. You’re not ready to say anything of interest.

Your mother is the nigger.

>>23274412
>pls somebody talk to me
>im so lonely
>waaaaaaahhhhh its so quiet

>>23274341
I wont spend the majority of it on consumer items. Ill look to reinvest.

>>23274438
>still contributing nothing.

Go back to lurking.
Shoo. Shoo. Go back.

>>23274467
>>23274438
The historians who look through the archives to piece together what happened after XRP moons are going to have to read the drivel from you faggots.

>>23274467
ewwww reddit spacing

>>23274521
>Spend the entire thread (the first in a while not bombarded by pajeets), having decent conversation.
>goes quiet
>thread is dropping
>5 mins: page 3
>10 mins: page 7
>15 mins: page 10
>comment to bump thread - like I do every day to keep threads alive
>get shit from lurkers for it

What a time to be alive.

>>23274525
>Reddit spacing

Quality post

Lurk moar, faggot

>>23274596
reddit

>>23274610
1 post by this ID

>>23274525
>>23274610
Well done boys, at least you’re bumping the thread. First useful thing you’ve ever done

>>23274362
Yes, definitely. But can I go to Blackrock and tell them, "Hey set me up with some panama papers type shit, I want to pay as little as possible."?

>>23274364
Yes but how to pay as little tax as possible is the question. And even when pay by crypto becomes common you're joking if you think that wont be a taxable event. When have you know the IRS to pass on free money.

>>23274445
Well yeah... but you're still having to pay cap gains as soon as you transfer out of XRP to anything else.

>>23274341
Cash out ~100 this calendar year, and take the hit on short-term capital gains, and ~200 next calendar year, term capital gains, and wait for it to rise in 2022 and 2023 for the big payout.

>>23268835
See Kyle mein bro

>>23274634

>>23274650
The lawyers are your main avenue for the tax piece - asset managers will generally not give specific tax advice (they may say one strategy is more tax efficient than another, but the lawyers will talk you through setting up your Cayman Islands trust to really protect your assets)

>>23268130
CUMfy

>>23274671
Another bump. You’re getting the hang of it anon. Maybe you’ll be ready to post something useful soon :)

>>23274650
I believe you'll be able to swap XRP for other currencies/assets very easily.

>>23274715
yeah tonight ill be bumping into your moms cervix again, too bad I can't just send you to the movies anymore. Just turn up that Fortnite game you like so much or watch star wars on disney and try not to sob too loud, puts me out of the mood.

>>23274763
Another bump anon, good job kid. And you tried to make a funny too! You’re getting there anon. Just a wee bit more lurking and you might eventually post something worth reading.

>>23274695
So get a based lawyer and maybe a sketchy CPA? Can you realistically set all this up in less than a months time? Honestly I hope the moon doesn't come until 2021 so I have a decent amount of time to get all these ducks in a row. I operate two LLCs right now but revenue is nowhere near enough to justify rolling this into business income. What about starting a non-profit and "investing" in my own business? kek

>>23274747
Absolutely but the law states that this is still a taxable event. It won't help minimize your liability, may even increase it.

>>23274362
Sounds good

>>23274341
>mom's house paid and new car
>grandpa's house paid
>new car
>funnel some into various funds, various far right groups (US, German, French, Nordfront, etc) and local libraries/callisthenic parks
>re-invest what remains aside from emergency fund, probably get a shekel farm (became a landlord) if remaining funds permit
>but move to FL and NEET for 6+ months, get fucking jacked and tan if Blumpf gets elected
>or move to Thailand and NEET for 6+ months incase pozz gets elected, same plan otherwise
Simple as. A few million buckarinos isn't that much these days. We will be lucky if XRP doubles by EOY tho
>inb4 cope

>>23274835
The old system isn't coming with us to the future. Expect changes.

>>23274835
>Can you realistically set all this up in less than a months time?
Why the short time frame?

>>23268130
Heading towards 40 kay

>>23274835
Well, a based lawyer, yes. Or law firm, specifically. No sketchy CPA though. Make sure you get the best of everything. It’ll be worth it in the long run.

Setting up a cayman company takes no time at all (just like any US/UK company). You’ll just work off standardised docs that they provide for the trust deed, etc.

I’m no tax lawyer, so can’t tell you how you could manage to shift without getting fucked on capital gains (a small part of me fears you have to leave the country for 6 months/1 year to establish residence somewhere low tax first if that’s the route you want to go down). Also, I think US federal taxes are extra jurisdictional, so you pay them no matter where you live (that’s not the case for the UK tax system).

Anyway, a good law firm would talk you through all that - literally just google the biggest law firms in NY and go with them or google best tax law firms, etc.

>>23274901
We have similar bags, how long have you held? What's your plan?

stay strong boys
we are almost there
phase three

>>23274873
Tax year? If I cash out a portion this year I would need to have the necessary shelters set up yeah?

>>23274866
Ok yeah the IRS is just gonna be like "Hey, you know what, you guys are good, have fun."

>>23274960
Yes as long as you retain citizenship you are beholden to the man no matter where you live. Thanks anon, best advice so far.

>>23274971
Bought most of this under 50 cents. I'm not selling till i'm at least a millionaire.

>>23274341

mind wallet secured inside an encrypted mnemonic palace so it can't be tortured out of me.

>>23275127
Godspeed

>>23275110
What if the IRS gets dismantled and becomes part of the Treasury?

>>23275110
No problem, anon. Happy to help.

Just one thing to mention on the extraterritorial taxes - it’s not unknown for wealthy folks to renounce their citizenships in order to avoid it. I personally wouldn’t renounce my UK citizenship for anything (but might consider it more seriously if we also had follow you anywhere taxes), but I’d be remiss if I didn’t mention the option in case you or anyone else is interested.

Marshall Islands are an option for quick citizenship, along with a few other places.

>>23275110
Do you need to cash out this calendar year? If not, just wait until next calendar year to start your cash. Don't move before you have to, anon. I'm in a position where I can cash out 100 this year and not take a big hit tax wise. That'll allow me to wait until I meet long-term capital gains requirements next year so when I cash out more the tax burden is much lower, also it gives me time to set up things with banks, cpos, and a law firm.

I'm looking for a good name to call my company, my theme would be along these lines, I've noticed that companies brands and product names with small Enunciations do best, where as names with big Enunciations are quite off putting, my examples on small non threatening names are 'ipod nano', 'softBank', 'ripple', 'spark', 'microsoft' Microsoft has both micro and soft, e.g, small non threatening and soft comfort. Does anyone else notice these similarities. And yes I know microprocessors and software, but try and follow my logic here.

>>23275207
Let me clarify, are you saying that capital gains taxes are going to cease to exist?

>>23275238

Not your personal branding consultanxy

>>23272939
lol at this retarded burger bravado. Anon probably looks like your average incel.

>>23275238
What will the company do? Are you aiming at retail? If so, the name matters. If it’s just a private investment firm, I don’t think you need as much concern on the branding.

>>23275279
Can't think of anything eh

>>23275238
>please dox me and reveal our collective powerlevel in the process
No.

>>23275212
Very nice... I feel like I would like to keep my burgerzenship even though we are rapidly becoming somewhat of a shithole. But it's a good thing to think about.

>>23275217
Really good point actually. I mean, I would like to free myself from some things ASAP but I suppose it wouldn't be the worst to wait until next year to really start offloading.

>>23275245
Trump has floated the idea before
https://www.heritage.org/taxes/commentary/trump-considers-cut-the-capital-gains-tax

>>23275298

how much xrp is it worth to you?

>>23275294
I'm thinking just a holding company for my gains, but I'm also thinking about starting a business with those gains people tell me regenerating and cooling batteries is becoming lucrative, so something directed towards energy renewal.

>>23275324
I was wrong to doubt you anon.

>>23275342
Do you need some?

>>23274272
i will never get chipped

>>23275346
In which case, you’re not really selling to retail, so it’s not an issue. Choose something you like.

Plus, if you ever do sell to retail, it won’t be through your holding company (or shouldn’t be), so you’ll have time to figure out a product relevant name when you set up your retail sales subsidiary.

>>23275316
>I mean, I would like to free myself from some things ASAP but I suppose it wouldn't be the worst to wait until next year to really start offloading.
Don't move until you're ready, anon. That's not just about having the bureaucracy set up to handle your new wealth but also the mind frame. Know how you're going to explain your new decisions to the people around you. Know how you're going to react to friends and family asking you for money. Know you how you're going to react to being approached by people you don't know for money. It's easy to say I'd tell them to fuck off, but if it were that easy then would lotto winners be the cautionary tale that they are now? Give yourself room to breathe and don't move until you're ready. Know where you're moving from; know where you're moving to.

>>23271942
Second reminder.

>>23275324
I read that as reducing capital gains though, not removing?

>>23275397

I'm stacked but I'm not working for free. You want a brand that snaps and crackles, that costs.

>>23271942
Third reminder.

IYKYK. WAGMI

>>23275410
This is excellent advice.

>>23275245
TARIFFS NOT TAXES!

>>23275431
Snaps and crackles haha, okay you know your stuff, you're clearly a madison avenue big wig, sorry for wasting your time.

>>23275410
Excellent mentality advice, thank you. I do often think about how I am going to explain my wealth to new acquaintances.

>I invest/provide seed capital for fintech startups exploring DLT technology and disruptive data streams
or
>I shitpost on a mongolian basket weaving forum and bought magic internet tokens on the recommendation of a racist frog

>>23275397
When do you not need them fren? I would get even more today if I could afford it.

>>23275405
That's good advise, I'll take it, I'm just eager to make it.

>>23275026

>>23275521
I'm going with the latter. They will just assume that I'm an eccentric richfag.

>>23275427
He won't go balls to the wall yet and that was back in August. Wait until the entire system gets overhauled.

>>23275531
Well we are in a dip right now would be a good time to stack, not as good as March mind you but good none the less.

>>23275520

I'm not the one begging for a brand on an Uzbekistani hat folding forum

>>23275614
Hey moot made this board c'mon man

>>23275650

iirc papercraft preceded biz so

Why is XRP dumping the hardest right now? Starting to lose hope, maybe this is just a shitcoin after all...

>>23275693
W/e jeet

>>23275592
I think my stacking days are over fren. 7k it is

>>23268934
Shut the fuck up retard.

>>23275707
just sell your bags right now limp wrist

>>23275707
Price is irrelevant for XRP. Once the switch flips it will go from wherever it is straight to 2k.

>>23275707
Because daddy is buying lol

>>23275707
I'm hoping it goes down even more over the next two days that way I can buy a few more thousand.

Are you signed up?

https://www.finextra.com/newsarticle/36748/fed-seeks-pilot-participants-for-fednow-instant-payments

>>23274971
Get that off of an exchange, future miIIionare

>>23274376
what a weewee

>>23275852
I will, getting a ledger next week, gonna set it up for the flare drop. I used to be skeptic about hardware wallets and keep all my btc on paper, but since all that has gone and I've dived into the standard the flare drop is forcing me to move it to a ledger.

>>23270825
I don't remember but I think silver is going to hit around 1000$ or something before XRP makes a move. Id rather just throw enough in XRP.

What happened to David's heel?

>>23275707
You're right. It's worthless. Just give me your bags.

>>23275452
Fourth reminder.

>>23275932

you can set up a paper wallet for flare fren

>>23269703
nigga

>>23274341
sell a small portion of my holding I have had since '16. Cap Gains Tax will be 15%. Use that cash as a rider until end of 2021 and revisit the potential of borrowing against my assets. Want to maximize the amount of Spark I get as this will be the key to active Defi annualized returns via staking. Ultimately, the return from adoption will be far greater then a 12% avg return in stonk portfolio or any other investment with 0% interest rates. So actually Hodling is going to be your best return. Then borrow against the assets accumulated which is non-taxable to purchase your yacht or island or ranch and pay off in full with the annualized gains from staking.

>>23276140
I know and I might, but ledger looks like a cool piece of kit to own. Paper seems incumbent now. Plus I don't own a printer.

New bread
>>23276250
>>>23276250
>>23276250
>>>23276250

praying for a massive black swan stonk dump like march. so I can make one last big buy.

Quick question, if there will be a new token called Spark, what happens to XRP? Why would ripple use 2 different coins?

>>23275707
Dumping the hardest! Check prices, up. Fuck you shill, I want it to dump so I can buy more.

I own 300k xrp and still want more you fucking retarded link shilling Fagggggot.