/biz/ - Business & Finance

Based baker thank you

God bless

https://it.wikipedia.org/wiki/Vitriol#:~:text=%2C%20formato%20dalle%20prime%20lettere%20di,della%20terra%2C%20operando%20con%20rettitudine

The term is also an educational acronym , VITRIOL, formed from the first letters of a famous motto of the Rosicrucian Order , [3] first appeared in the work Azoth 1613 alchemist Basil Valentine , expressed in Latin : " Visit innards Terrae, Rectificando Invenies Occultum Lapidem », which means« Visit the interior of the earth, working with righteousness you will find the hidden stone ». The phrase sometimes continued with the words Veram Medicinam , indicating that the stone is also the "true remedy " for every disease, in this case the acronym became VITRIOLUM.

The expression indicated the need to descend into the bowels of the earth , that is, into the dark ravines of the soul , to achieve initiation , carrying out that transmutation of matter into the spirit that would have made it possible to achieve immortality and bring back to light the wisdom , [4] crossing the different phases of the alchemical work , that is nigredo , albedo , rubedo .

To this end, an acid such as vitriol was needed, capable of dissolving even the hardest stone and causing the most radical transformations. Often it was symbolized by a green lion intent on devouring the sun , that is, capable of dissolving the highest and most incorruptible element, conferring total and unlimited power. [1]

>tfw you are in the magnum opus

i have 6K xrp will i make it bros

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>23467498
> i have 6K xrp
> will i make it bros

I do not know if you will make or not with 6k XRP.

I do suspect if you don’t make it - however you define making it - with 6k, you’ll be closer to making it WITH the 6k than without the 6k.

Good morning anons, Brad is in charge now.

>>23467498
WAGMI, anon. Don't worry about how much you have, greed deadens the soul. XRP $$$$

>>23467569
We are about to enter warp speed guys

Posted in last thread:

It was said in the thread that Mellon is dead/killed. How can you guys know that? He just stopped postning and you drew ur own conclusions? Or was he doxxed?

Yes i am a newfag who loves spoonfeeding.

>>23467498
If you followed what we were saying last 60 threads you would know it now.

>>23467641
Mellon is fake larp but xrp mooning is real.

desu i don't know why the anon in the last thread posted a famous Masonic acronym related to the alchemical great work but it's a neat metaphor for

a) the process of XRP (dissolving and re-coagulating currency)

b) the spiritual process of the hero's journey (descending into the underworld to find the treasure of enlightenment)

c) the Great Work i.e. the society-level initiatory ritual represented by the entire course of history, guided by the hidden hand of, yknow, "Them," the invisible college or whoever

it's probably the Masons desu, then before them, the Rosicrucians, Templars, Essenes, Egyptians, Atlanteans etc, the golden thread stretching back through time composed of whoever is the Hidden Hand behind the course of history, the builders and teachers who possessed a high civilization at the beginning of recorded human history and helped build the cathedrals, the group who stays in the background of human events and who speaks in the language of symbols for those who have eyes to see and ears to hear.

so basically Ripple is aliens because humans are a genetic experiment, and God, who is love and unity and light, already won over the Adversary, who is darkness and separation, but actually separation is an illusion and everything is one. i think that sums it up

I just had a really good mushroom trip last night btw and i find myself in a voluble mood. We are all going to make it

>>23467674
>anon in the last thread posted a famous Masonic acronym related to the alchemical great work but it's a neat metaphor for


Which one? I am not a follower of boomer larp cult.

>>23467811
bros, the last thread had some decent fud, i'm worried.

should i still be all in xrp or should i diversify with some xlm/algo?

Listen to me schitzos: Market cap fucking matters.
Lets say your wildest wet dream fantasy comes true and "post event" the Elders of Zion emerge from the G20 summit and declare from the balcony that "XRP = 2K from now on" (am I getting it right you freaks?) What then? There's 45 BILLION (give or take 10B, it doesn't matter) tokens circulating in supply.
This means that whichever entity makes this declaration would suddenly be on the hook for 90 TRILLION dollars.
Tell me schitzos: U.S GDP is 20 Trillion, so what fucking entity is paying out 90 TRILLION dollars to every schizophrenic bag holder of this scamcoin who would undoubtedly immediately flood to cash out as much as they could???
You may be right about whats going to happen with CBDCs, but it wont be XRP. Your princess is in another castle...

After xrp mooning I am going to invest 20% of my money into psych ward just for you guys.

Bless the baker
>>23467498
Yes
>>23467562
Needs more oooos
>>23467641
Says who? I believe he said he’s be back In November

>>23467917
hey faggot read the fucking OP dumbass.
>The Myth of Market Cap:
http://galgitron.net/Post/The-Myth-of-Market-Cap---Version-2

>>23467917
1. There's not that much retail, it would probably only be like 10 trillion dollars to buy them out. Lucky that many more trillions than that have been printed in the past year.
2. The BIS is the entity.

>>23467902
There is no chance for Algo and XLM to moon before 2025. Enjoy your life and XRP bag.

>>23467917
99b volume on the 17th, on USD, EUR and Yuan. 9 billion yesterday, those numbers alone are clown world tier. If you think it’s a glitch you’re retarded and haven’t been following the news.

>>23467917

>>23467917
gibs me 90 trillion

>>23467902
I always keep a suicide bag of each ISO20022. Even if it's, say, 50 bucks each in Iota, XLM, Algo, XDC.

>>23467674
Phoenicians/Canaanites.
Templar conspiracy is made up by the king of France after he took the pope hostage and stole all the wealth the Templars gained.
Atlantis is a politicalk fable.
Alien are also a meme, they are demons.

>>23468342
>Phoenicians/Canaanites
you mean jews

>>23467426
Sage this scam guys

>>23468396
read revelations 3:9 and get a better understanding.

they call themselves jews, but they are not.

>>23468342
I see you know Bill Cooper.
>>23468396
That whole "synagogue of satin" comes from the early secret societies, where say the templars, or masons allowed religious freedom. Jews being persecuted at the time gravitated towards those secret temples where you could worship any god. Long story short, jews arent necessarily bad, but a lot of jews are.

>>23468014
Do you happen to have the links to those sites?

>>23468476
Sage doesn’t work with image attached and text you absolute pilgrim.

>>23468529
https://dex.xrplapps.com/asset.php?ID=USD

>>23468342
>Templar conspiracy is made up
Ask me how I know you've never read an actual chronicle from the middle ages

>>23468551
Thank you my friend

>>23467569
Beautiful graphic anon. WAGMI after all.

>>23468565
I think she's referring to blood magic, which is also real, and still practiced by secret societies today. Skull and bones for one. I has a friend tell me he thinks satanists arent real and neither is good or evil. You have to be a mouth breathing retard to think that.

>>23467951
>>23467641
Look up Matthew Mellon. Our Mellon ideas nicknamed after him, you must be confusing him with Matthew Mellon who really was killed by elites.

>>23468918
Our Mellon was nicknamed after him*

>Paypal announcement becomes old news
>All cryptos take a dive
Why do we enjoy this kind of suffering?

kek cheers bros

Shoutout to the schizo of schizos who turned me on to the conspiracy. This video was posted in the Chainlink telegram in February, and I haven't been the same since then. Thank you SicTA you insane bastard.
https://youtu.be/N1wn89NOPSQ

>>23468342
>Hall
Larpception

>>23468918
You’re right I actually got confused with UHNWI

>>23469190
Sure

Hall was a Knight Patron of the Masonic Research Group of San Francisco, with which he was associated for a number of years prior to his Masonic affiliations. On June 28, 1954, Hall initiated as a Freemason into Jewel Lodge No. 374, San Francisco (now the United Lodge); passed September 20, 1954; and raised November 22, 1954. He took the Scottish Rite Degrees a year later.[19] He later received his 32° in the Valley of San Francisco AASR (SJ).[20] On December 8, 1973 (47 years after writing The Secret Teachings of All Ages), Hall was recognized as a 33° Mason (the highest honor conferred by the Supreme Council of the Scottish Rite) at a ceremony held at the Philosophical Research Society (PRS).

>>23468724
>I has a friend tell me he thinks satanists arent real and neither is good or evil. You have to be a mouth breathing retard to think that.
I have/had friends similar.

>>23467569
Japan has the plan to Digitize Everything for the Olympics, You'll be able to use crypto to buy everything and won't have to use exchanges paper money.

>>23467917
>HUR DUR LINK $90,000 EOY!!!! HUR DUR IMA FUCKING RETARD LOOK AT ME!!!

Stupid fucking idiot, 90 trillion is nothing. if you added all the wealth of the US alone is 2 quadrillion.

your fud is garbage.

1k SOON I wanna buy mommy new house

Almost November. We better moon soon.

>>23469533
>>23469199
>>23469011
>>23467811
>>23467644
Checked.

Fud so thick and tasty. I WILL NEVER SELL

>>23467917
A bank buys 1bn GBP worth XRP and 3 second later they sell that XRP for 1.2bn USD. They’ve lost nothing in the transaction. All they’ve done effectively is convert GBP to USD.

That Holds true at 1trn MC and it holds true at 90trn MC.

That’s why MC is meaningless here. XRP is meant for holding. It’s a transient tool for transferring value.

>>23469650
*XRP is NOT Meant for holding.

I have shamed myself.
Sorry

>>23469678
We know what you meant bruv

I had this response typed out for the anon in the last thread who suggested that there would somehow be a "bifurcated" XRP market and that banks would trade XRP at a much higher price in their own private market system, but then the thread was archived. So I'm posting it here anyway:

That theory makes no sense. If there were somehow two markets for XRP, where one market had a high price, and the other market had a low price, do you know what would happen?

Anyone with access to both markets (in this case, banks) would buy XRP on the cheaper market, and sell it on the more expensive market. The price would equalize between markets.

You couldn't keep those markets walled off if they were both using the same token, unless you assume that banks aren't competitors, and that they would engage in a worldwide gentleman's agreement to not exploit the extremely obvious, highly exploitable, immensely lucrative arbitrate opportunity.

>>23469650
This is correct. Pic related.

WERE GOING TO MAKE IT BROS

>RIPPLE BOARD MEMBER

OH NO NO NO

>>23469910
Oh shit, something completely unrelated to XRP or its adoption happened! Better sell now!

>>23469756
What could prevent the banks from scooping up the final 5-10% supply from exchanges and effectively removing the retail market from existence?

>>23469910
Nothing can stop what is coming.

>>23469951
>something completely unrelated to XRP or its adoption

You are a fucking IDIOT. Kurson was legitimately the number 1 reason ripple had a meeting with this current administration and now HES LOCKED UP.

>>23469910
>>23469951
>>23470027
RIP ADOPTION RIP RIPPLE

>>23470001
Nothing would prevent anyone with enough money from buying up a market. Then, people who had been holding would be very motivated to sell at high prices.

i keep accumulating bros, what's a nice number to stop? is 500 a suicide stack?

>>23469756
I’m that anon.

Please go back and re-read. I said the prices could be different (I used a hyperbolic difference at first, but should have realised who I’m speaking to).

A bifurcated market, where banks only buy from bank exchanges or CCPs makes sense because:
-It allows them complete control over price (So they could switch flip overnight and alter the price at any time)
-It provides perfect stability (because banks won’t speculate on it - they’ll just use it for transfers).

The retail market would necessarily have a different price which would be the bank market price minus [the cost of the extra AML/KYC on retail and the profit margin]

Hell, I even covered off your objections right from the off by making clear that in such a situation, private companies (whether banks or separate intermediaries) would step in and buy from us for a fee (the AML cost + margin). I guessed 95 on the dollar.

You’ve saved up that text for this thread and yet you’ve just wasted my time because you have not done any fucking basic reading. Or worse, you read it all and still thought your worthless post was worth posting.

Give the escrowed XRP to the BIS, who in turn give it to CCPs (who only banks and large financials are members of). That immediately creates a perfect market for XRP, separate to the retail market: with no supply/demand fluctuations, perfect stability and a price they can set at whatever they want.

Over time (whether through intermediaries or banks themselves), retail bags will get bought up and the XRP that finds its way to the banks’ market will be gone forever. Out of the hands of filthy retail.

That is practically the easiest and quickest way for them to achieve the goal: a stable, liquid bridge currency, not subject to the whims of speculation.

Again - just my opinion on how best to do it. If it makes you angry cos you’re too fucking stupid to understand it, KYS.

If you have genuine comments, feel free to share

>>23470123
0 is a nice number to stop because board directors are getting locked up. Save your money and invest elsewhere

>>23469910

>>23470050
>>23470092
Do explain how what this guy does in his personal life invalidates XRP, it's use case, or the fact that it's being adopted.

>>23470157
It’s about connections and optics you large retard. His connection with Kushner made ripple meeting with Trump possible. That’s out the window now because he sperged out

>>23467498
How does $6 Million sound?

>>23469910
Bullish.

>>23467917
>so what fucking entity is paying out 90 TRILLION dollars to every schizophrenic bag holder

My guess is you'd probably see something like this happen in concert with metal back CBDCs.

Example:

> US Treasury launches UST to replace FED issued USD
> 100,000 UST redeeemable for 1oz gold
> UST to XRP rate then pegged to [ x UST]:1 XRP

So the answer to your question of where does 90T come from is it comes from the forced inflation of USD (or its successor) by pegging it at a much higher gold ratio...i.e. you'll need hundreds of thousands of the new currency units to buy 1oz of gold...which is what ~2,000 USD would get you today.

>>23469910
>THIS IS BULLISH FOR CHAINLINK

BRAD IS NEXT TO GET ARRESTED FOR CONNING THE PEOPLE. LOCK HIM UP!!!!

>>23470222
Checked af

>>23470126
If they want a fixed token, then they can issue one on the ledger, or set up a third-party entity to issue a token, whose price could be pegged to some other indicator of value. Trying to set up a secondary market where everyone agrees on a fixed price for a publicly available asset, then somehow policing the inevitable arbitrage equalization does not make sense.

I don't understand the anger behind your post, but it's clear that your idea wouldn't work, and that you likely do not work in the finance industry. You say I'm angry, but I am not - you are the one resorting to invective. It's ok when an idea is wrong, it's not a personal attack.

>>23469910
>cyberstalking
What?

>>23470293
Just reported you to the FBI for market manipulation and money laundering, have fun getting gang rapped by niggers.

>>23470352
Bullish

>>23469756
>what are regulations

>>23470347

he got cucked by his buddy. went on a rage after his wife and friend during their divorce which included harassment, hacking, and cyberstalking

>>23469794
they'll rebuy it as soon as they sold you fucking retard. Your fud is so stupid.

>>23470481
Yes but wtf is cyber stalking.

>>23470544

he did shit like install keyloggers, stalk online under anon accounts with harassing messages, write negative online reviews, etc. basically a typical 4chan cuck

>>23470322
>what are regulations part drud
What prohibits the FED to buy bonds and securities directly?
Why do they need a middle man like BlackRock?
Why would they do that?
It's
>inefficient
>uneconomical
>stupid
>dumb

OH WAIT!

>regulations

>>23470126
Excellent post.
Very similar to what I hope for.
Godspeed, fren. We're gonna make it.

>>23470606
>part deux
t. phone poster

>>23470606
This makes even less sense than the post you're fawning over.

>>23470322
They could issue a new token. Or they could just sell on bank exchanges. There are already hundreds of exchanges, dozens of CCPs that retail has no access to. It is an easy way to achieve what they would want to achieve.

They don’t need to police arbitrage, because arbitrage opportunities would be limited to the bank price minus [AML cost + margin] and with competition, that margin would be squeezed.

I didn’t call you angry, fuckwit.

I was angry, I’ll admit that - because I had to deal with a whole deluge of retardation in the last thread, including covering off the exact point you sought to make (a point I have now addressed several times - the arbitrage opportunity will be negligible). Do you not read a discussion before entering it?

>you likely do not work in the finance industry
I’m a derivatives lawyer. At a bank. I have been for the past 12 years at 4 different banks. You work in finance, kid?

>in connection to his divorce

Are we fucked?

>>23470184
Good thing this doesn't retroactively make the meetings that already occurred not happen

>>23470597
So you.

>>23470255
Yes but can you imagine the butthurt from people who are “losing all their money” in the reevaluation? It would never happen like that, at least not at that scale and to us investments.

>>23470755
There's no need for this much cope, anon. We can both see your idea doesn't work, as you've now admitted. Pretending to be a lawyer is not a good look for you.

>>23470928
Funny how you went from b-b-but arbitrage, to new token/fork fud, and now to nothing.
You embarrass yourself.

You didn’t answer the question, which I suppose is an asset in itself. I’ll take it you don’t work in finance then?

XRP SWITCH

As you know, Ripple have now partnered with a number of exchanges around the world and surely this number will grow. This network of liquidity providers will become the go-to place for buy/sell for Retail Market Makers as these are the exchanges that are servicing transactions for the payment flows of the institutions. If an exchange is not within this liquidity network, then the XRP on these exchanges will drain away as Retail investors begin to move their XRP onto the platform. This will happen due to either: Arbitrage — although other exchanges will not let the price fluctuate too much so as not to miss out on the higher prices. 2. Natural migration to preferred exchanges for rapid buy/sell opportunities

As one can expect, no exchange will want to miss out on the potential for making money where servicing XRP transactions would provide a healthy income stream for the exchange. Unfortunately, most exchanges are simply not large enough with enough capital backing for Ripple to sign them as a preferred exchange.

Now, onto the method of price increase which I believe will occur. We can guarantee that the spread on the exchange for XRP will be extremely tight so as to ensure near perfect entry and exit from the Ripple Preferred Partner Solution (RPPS from now on). The RPPS consortium will also be working within a framework that will ensure co-ordinated price movement of XRP to eliminate arbitrage trading from XRP/FIAT pairs which will then obviously filter into the USDT/BTC markets on these exchanges (thats even if they still exist at this point). It will be a requirement that these 3rd party pairs will need to decouple from XRP so as to ensure that extreme price fluctuations in BTC will never impact the price of XRP. Even a price drop of $0.01 cent will have a dramatic impact on the movement of value when we are talking about Millions of Dollars. 1/3

>>23471051
Now, we know that members of RPPS have been (and continue to be) pre-funded with XRP so they may service the xRapid transactions. This pre-funding is necessary to guarantee transactions made by Financial Institutions, we can’t have any of the transactions fail due to lack of XRP liquidity! These exchanges will also be reliant of the XRP provided by Market Makers to bolster the XRP liquidity thus adding to the exchange total supply. Now, the exchanges will prefer (at first) to use the XRP from Market Makers to increase the price of the XRP Coin. Why do I say this? Because it simply makes sense to use the immediately available XRP to raise the price in a dramatic fashion. This then increases the Exchange reserve pool that ‘must’ service the transaction requests, but now it has been increased dramatically… let me explain:

Bittrex Order book currently shows that from $0.27 cents to $1.49 totals $47,078 Dollars
through XRP/FIAT pairing (which is the same channel that will be used by RPPS)
Simply transacting $47,078 at this point will instantly push the price of XRP to $1.49
Bittrex Order book currently shows that from $0.27 cents to $25 totals $3,651,361 Dollars
Transacting $3,651,361 Dollars at this point will instantly push the price of XRP to $25
Bittrex Order book currently shows that from $0.27 cents to $100 totals $3,743,466 Dollars
Transacting $3,743,466 Dollars at this point will instantly push the price of XRP to $100
2/3

>>23471080
Now the XRP price numbers get much higher than this if you take a look for yourself, but it makes sense to use these orders to push up the price in a dramatic fashion so as to provide a stable pool of XRP liquidity to service further Institutions and FX transfer. The Exchange at this point can then create large Buy/Sell walls at either side (in the magnitude of 10’s of Millions of XRP) from their very own supply to ensure price stability. By performing this simple manoeuvre, the exchange can not be accused of XRP price manipulation as the Retail orders where filled first and then the exchange stepped in to service the rest of the transactions.

I mention the phrase ‘at this point’ due to the fact that no Retail Investor knows when xRapid is going to go live, so this can in fact happen at any time, and Ripple needs it to remain this way. By ensuring this they can guarantee a ‘one time’ rapid price increase that professional investors will also be glad of. They will want to ensure, in fact ‘guarantee’, that Market Makers are then priced out of the market and those who are intelligent enough to have already purchased will be flocking to sell their XRP in an instant. They will need to sell at a lower rate to ensure the sell of their coins as placing them in a pool of 10’s of millions of XRP will not fill their order immediately. 3/3

>>23470786
nobody cares about Ken Kurson

>>23471003
My arguments were already solid, and you couldn't dispute them. No one mentioned anything about a fork, but I'm not surprised since your reading comprehension is low.

>>23471051
>>23471080
Based
>>23471099
Checked
Dare I say the narrative has been written?

>>23468014
99b volume ?
why the price of xrp didn't dip ? (noob)

>>23471099

at some point retail investors are going to get wise. especially now with the spotlight on crypto thanks to paypal.

>>23471099
>>23471080
>>23471051
checked and rippilled

>>23470909
why do you think I'm in an XRP theread

>>23471138
New token is virtually the same fud as fork, dimwit.

Your arguments fell apart so you dropped them one after another.

>Arbitrage: nope
>New token: nope

Now you don’t bother with arguments, because you can see that you’ve lost.

Here’s the thing: you are simple minded and do not understand financial markets or financial markets regulation. You’ve heard this idea of a bifurcated market and your little mind has gone into panic: “b-b-but does that mean they freeze me out!?”
You don’t have to worry your already overworked brain though. Just stay out of discussions and stick to your crayons.

And then you’re pathetic enough to ask about my job and on hearing it, you’ve again ran away like a coward. There’s no reason I or anyone else, regardless of occupation, would know what ripple will do or how - it’s all just guesswork so my occupation or your drive through job don’t matter.

XRP is intended to be B2B, not for retail. It’s not for holding. It’s not intended as a currency for spending. Bifurcation of the market would allow them to meet all goals (stability, liquidity, control). Getting rid of retail is absolutely something they would want to do. I know that scares you; I know you may be too simple to understand it, so just accept it and move on. That’s the single best way for them to approach this.

>>23471261
someone?

>>23471469
stress tests before the flip my friend

>>23471485
no no this is a technical question.
why it doesn't affect the price of the token to exchange 99bn on the xrpl dex ?

>>23471508
Pretty sure the txns weren't filled. It's a volume test, not an actual order. Someone correct me if I'm wrong.

>>23471443
Again, low reading comprehension. I'm not spreading FUD at all - quite the opposite when it comes to XRP.

There's no need for me to restate my arguments, as you were never able to provide compelling counterarguments. Now all you are left with is a litany of insults, which I have skimmed, but shall not bother to read, amusing though they may be.

Perhaps you can pretend to be something you're not in the next thread.

>>23471080
Are these numbers right? Could this possibly be true?

>>23467562
Based

>>23471530
so it's a non-happening ?
still don't understand why exchanging enormous amout of USD via xprl dex doesn't affect xrp price

xsg has gone full schizo i see

>>23467482
meds not taken

>>23471677
checked

>>23471666
Checked satan
It's been happening with large amounts of multiple different currencies. This is the calm before the storm. Either that, or XRP is experiencing lots of coincidental "glitches" this month.

>>23471677
checked
we've always been here brother

>>23471582
Ha, off you pop then fren.

Nice try contributing. Maybe next time you’ll have a worthwhile idea.

You never made any “arguments” you mumbled some nonsense and I addressed your nonsense and now you’re hurt and running away.

> pretend to be something you're not
Kek. Thanks anon. I’ll take that as a compliment.

Be better next time.

>>23471736
Your cope is unnecessary, anon.

>>23471443
You really are one dumb piece of shit.
They arn't getting rid of retail you stupid fucking moron, Retail is the entire reason XRP was created. Banks kiss ass to retail, they set it up so that they don't have to worry about retail because they can just print money through fiat but that system is falling apart.

And like I have stated multiple times already and you dumb shits keep ignoring. XRP has the ability to Totally replace the banking system and replaces the IMF.
You can do all your banking on the ledger itself, you would never need to use or touch a bank account with some branch. Old banking institutions and corporations are outdated. their business model is being forced to change, if they don't change they are going to be left behind.

>>23471790
Be better next time.

WHICH ONE OF YOU WERE MEAN TO DAVID?

>>23471820
kek

>>23471810
Yes, I hope you can be.

>>23471820
>Schwartz is lacking in schizophrenia
this is bearish for xrp

>>23471820
lol holy shit Dave is great.

>>23471808
> Retail is the entire reason XRP was created
Jesus fucking Christ.

>>23471729
Anyone to explain why exchange fucking 99bn USD on the xrpl dex DOESN'T affect XRP price ?

>>23471846
>>23471820

>>23471834
Still not there yet anon. Be better next time.

>>23471887
It's a good personal mantra for you.

>>23471910
Be better next time anon.

>>23471918
That's it. Repeat the mantra.

>>23471820
When DS shouts out the schizos you KNOW we’re on track

>>23471936
Be better next time anon.

>>23471948
Again anon, keep repeating it.

I’m listening to old episodes of Cumtown and Nick just said “I invested in ripple, I think it’s about to explode.”

April 18, 2018

>>23471875
So nobody can explain why exchanging any amount of IOU fiat via the xrpl dex has 0 impact on the xrp price ... good.

>>23471952
Be better next time anon.

>>23471820
Is this a real tweet?
be david
> hope over to /xsg/ to explain how XRP will be 2k eoy
> get called FUD
> asked if you even work in finance
> asked if you're a stinky linky
> asked how many rupees you're being paid to post

>>23471998
Look everyone, I made a puppet.

>>23471875
I don't believe the XRPL dex is tracking the XRP/USD corridor (which is what would need to have the fiat injected to actually affect price).

This dex only seems to be tracking what asset stored ON the ledger is moving. You can store and move any asset on the XRPL without having to actually switch into XRP first.

>>23472023
Still trying too hard anon. Be better next time.

>>23472050
I pull the puppet's string, and the puppet says...

>>23472065
You need to be better next time. Your posts are worthless.

>>23472065
Orange you glad i didn't say banana?

>>23472107
He's a wonderful puppet. My favorite.

>>23472117
Be better next time anon

>>23472138
Uh oh, I think the puppet is stuck.

>>23472153
Keep trying anon. Be better next time. I believe in you.

Folio:
>XRP
>XLM
>ALGO
>PAXG

What else do I need to make it?

>>23472171
We must be able to teach him something new to say.
I pull the puppet's string, and the puppet says...

>>23471820
>dont they know im an ashkenazi neanderthal... we are the most schizo

B A S E D
A
S
E
D

>>23472186
Believe in yourself anon. You can be better if you try.

Be better next time anon

>>23472204
I make the most encouraging puppets.
Listen to this advice anons:

>>23472177
Silver, Gold

>>23472219
>18 posts by this ID
I’m pleased you’re still trying. Maybe number 19 will be better.

Be better next time anon

>>23472177
Iota.

>>23472224
Thank you anon.
I'm not sure where to buy in my country/city
And I'm exposing to the Gold price with PAXG
Will have to investigate more where to buy

Don't get discouraged if you're here, David. We stan.

>>23472253
This is called transmutation.
I have changed an angry person spewing insults, into one giving encouragement.
Spread your positive vibes! Again anon!

>>23471820
KEK

>>23472283
>19 posts by this ID
Still not there anon. Keep at it. Maybe number 20 won’t be shit.

Be better next time anon

>>23472261
checked

>>23472332
Let them hear it again! Tell them that sage advice!

>>23472332
you got btfo m8
qq more

>>23472347
>20 posts by the ID
God loves a trier anon. Still not there yet. Fingers crossed for 21.

Be better next time anon

>>23472177
You're gonna make it with that. After moon I recommend getting physical assets and BTC. I'm also bullish on LINK long-term but some people in here don't like to hear that.

>>23472347
nigga shut up

For Dave

>>23472402
Once more.

>>23472402
you're at 22 fyi

>>23472280
>I'm not sure where to buy in my country/city
>And I'm exposing to the Gold price with PAXG
XRP, XLM and XDC are the twitter schizos trifecta
XRP, silver and gold are the Mellon era /xsg/ trifecta
XRP + iso20022 coins are worth looking into
Personally gold miners are worth researching into but silver jr miners are where the real payday is at if PMs spike. AUNFF is my pick, /pmg/ is better for this discussion

>>23472429
>21 posts by this ID
Another failure anon. At this rate even god’s going to give up on you. But I won’t.
You can do it. Let’s see number 22.

Be better next time anon.

>>23472177
Also checked

>>23472455
I can see the transformation taking place. Again.

i just wanna buy my parents a nice home in the Mediterranean where they can live comfy and retire peacefully, is that so much to ask for?

>>23472469
>22 posts by this ID
Another swing and a miss. Come on buddy, you’ve got this. 23 coming up. You can do it.

Be better next time anon.

>>23472513
You mustn't quit now. Again!

>>23472522
>23 posts by this ID
Shit, anon. I feel like you were at least trying earlier. Was it the insults? Is that your thing? You need the motivation? Come on now son, 24’s the one, I can feel it.

Be better next time anon

STOP SHITTING UP MY XSG YOU TODDLERS OR SCHIZO SAMEFAG YOU ARE SUPREMELY UNCOMFY REEEEEEEE

>>23472570
A mantra is charged by repetition. Again!

>>23470255
You are sending literally millions of people to the poorhouse if that's the case then

caught this before baba deleted it

what do you think his "last message" will be?

>>23472578
>24 posts by this ID
Ah!! You’ve taken a step back anon! All that progress gone. The next one is 25. That’s nearly 13% of this thread. Please anon, it’s going to get hard to believe in you soon.

Be better next time anon.

>>23472653
Yes, continue. Again.

>>23472604
>what do you think his "last message" will be?
He already used the "sold my xrp, now a linky" line

>>23472662
>>23472653
This is beginning to feel like voyeurism.

>>23467811
vitriol

>>23468260
That's not really a suicide stack anon

>>23467902
>should i still be all in xrp or should i diversify with some xlm/algo?
I personally have a suicide stack of XLM (10k) but only purchased after a make it stack of XRP. Comfy hold with all the recent news.

>>23472662
>25 posts by this ID.
25.
anon. I..
how about this: turn off your screen for a moment and look at yourself in the black screen. Look in your eyes and say it to yourself. Out loud - forget who’s there! Say it. Shout it: “I can be better next time. I will post something better. I will not shame myself!” Say it and believe it anon. Then switch the monitor back on and belt out 26. Make it special.

Be better next time anon.

>>23472440
>XDC
>ISO20022 coins
>AUNFF
Will look into these
God bless you anon

>>23472760
*snaps fingers*
Again.

>>23469650
this doesn't make sense to me because the XRP has to exist somewhere, it's not floating out in the ether, the XRP tokens belong to an entity- whether that is a bank/institution (Bank of America, BIS, SBI, IMF, Eurobank, or a schizo in bumfuck America) and as I understand it the holders will be providing the XRP used in the on-demand liquidity technology, presumably at some benefit to themselves.

This, one would assume, would provide the incentive for institutions, especially international ones or ones engaged in cross-border payments and commerce across currencies, to hold XRP- they could both transfer money seamlessly themselves or assist other entities in transferring money and derive financial benefit from doing so

>>23471998
Finally a anon that’s not completely delusional or retarded. You’re right in that xrp itself has no inherent value like gold or silver, but rather derives value from those that will use it (banks).

If a bifurcated market existed why would banks be obligated to buy your bags at 95 on the dollar? I suspect it will be more like pennies on the dollar. They don’t need your bags, with the amount in escrow and what they already have will last them a couple thousand years. An easier way to cut out retail would be them using the consensus mechanism of xrp ledger to blacklist all wallets that aren’t the banks. As long as they have 80% approval from the validators the update will go through, and guess who runs all the validators? The banks. Before that may let you sell back at current prices.

>>23469910
wonder what's going on behind the scenes with that one.

>>23470126
based word salad logical contortion anon, impressive the amount of time and effort you are devoting to the project of explaining how we aren't going to become wildly rich. everyone's got to have a hobby i guess

>>23470755
t. derivatives lawyer whose dad works at nintendo

>>23472821
This makes no sense.

XRP derives more* value the more holders and assets it has the ability to trade with. The more liquid it is across every corridor and asset, the more valuable it is as a transaction tool for banks. XRP retail investors ADD value and use cases for banks since they provide more liquidity across every digital asset or currency.

>>23472791
Look at the comments from the OCC, as well as the comments from David Schwartz on what XRP is (there was a pastebin of a speech he made that he posted on his twitter).

They’re just looking at a bridge currency. Something you trade in and out of almost immediately.

On that basis, the market cap thing doesn’t matter because (so long as the price is stable), it would effectively have zero cost to users. As per the example - buy XRP with own currency, send XRP, buy other currency with XRP. So long as there is no movement in price during sending, it’s effectively just an almost instant FX transaction.

There would be no incentive to hold if it’s stable because you just buy in and out with next to no cost.

>>23472791
They would likely just charge the same they've been charging to transfer money while keeping what they saved using XRP. Would make sense. The consistency and reliability of not having to cover for lost money/failed transactions would be worth it alone.

>>23471051
you are not taking Flare into account, which is fair because i think most people aren't.

Imagine if Uniswap was for everything and not just ERC20 tokens. And by 'everything' I mean not just crypto

https://www.theblockcrypto.com/post/79783/all-stocks-tokenized-sec-chairman-clayton

>>23472857
I’m sorry, when I said you’d get 95 on the dollar at 1k, 2k, 10k... you took that as telling you won’t be getting rich? Because you get 950, 1900, 9500? Are you mad?

>>23472939
>There would be no incentive to hold if it’s stable because you just buy in and out with next to no cost.
If it's stable and uber-liquid it would be the best hedge asset ever created,.

>>23471261
nobody knows but the narrative thus far has been that the price is being kept within a certain range to demonstrate that XRP tech is stable enough to be adopted by central banks and other financial institutions for cross-border payments

>>23472918
Lol what? Do you know what you’re holding? Xrp was meant for banks only, the only reason you have it is because they’re using you to test network stability.

>>23472910
Been posting in XSG for a long time, fren. Read back a bit. >>234728

>>23471443
lol this conversation is funny because it's autists vs schizos

it might seem like the autists are winning but my money is on the schizos because they got the soul, man

>>23472991
But we have a record of 99bn in a day exchanged.

Maybe this anon is right
>>23472044
I'm reading the xrpl documentation right now to try to understand

>>23472821
nightmare fuel

>>23473014

Yes, it's a universal bridge asset. Why would banks try to limit their 'universe' to themselves? This just limits the possibilities for exchange. Allowing retail to plug into their network means banks have access to every exchange, every asset on the planet. If only banks hold all XRP, that effectively means they only have assets to which banks hold themselves. This is an unnecessary limitation on XRP's capability.

>>23471820
he is among us

>>23472821
> why would banks be obligated to buy your bags at 95 on the dollar? I suspect it will be more like pennies on the dollar
Nobody will be obligated to buy our bags. But we are in a free market. I’ve posted here a few times - I’ve just been involved in setting up a European bank as part of Brexit planning. If NO private company takes the opportunity to make a quick buck and offer to buy our bags (by running the enhanced KYC, etc) and sell them to banks, I’ll fucking do it myself.

And if one company does it, so would another. Which pushes the price up though competition.

>>23472177
DOGE (the real Standard)

all other cryptos tremble at the approach of the era of DOGE, mankind will be led into a shining era of love and memes

>>23473074
So you don’t understand. Xrp is simply a instant method for crossboarder payments. That’s the use case that banks have determined. W/e you’re referring to is hopium

Can we stop fighting over how XRP is going to work and just agree that it’s going to super moon and that we will be able to cash out/collateralize out zerps for digital bank notes/loans/gold

>>23472988
Yes, but banks aren’t funded in XRP. Their liabilities aren’t in XRP, they don’t pay staff in XRP, etc.

There are few banks that take positions in any market at all (volker rule and a general move away from prop trading). They look to make their money from spreads.

Having said all that: you’re right, it would make it a great hedge asset. But wouldnt that be better than allowing it to be a speculative asset?

>>23472332
>>23472283
>>23472283
from lead into gold

>>23472332
they say schizophrenia is doing the same thing over and over and expecting different results but most of alchemy was repeating actions over and over until something changed. the key, you see, is the consciousness put into the process. that's how the philosopher's stone is made- the spark of the divine imbues matter with spirit

>>23472788
>26 posts by this ID
Sorry anon, I was distracted. And, truth be told, I wasn’t quite sure what to say to you.
26 didn’t really work out how we wanted did it? Did you do the screen off thing? Did you say it out loud? Don’t be embarrassed anon. I believe if you say it to yourself and believe in yourself, you really could post something better.
Go ahead. I’ll wait while you do it.

Be better next time anon

>>23473276
The mantra makes a channel in your mind.
Again.

>>23472440
don't forget XMR and ALGO. i think BTC and ETH are good too, within 5 minutes of moon i will have transmuted some of my XRP into BTC, i converted my BTC stack to XRP and i don't regret it but i have a strong, strong feeling that BTC will remain a store of value long into the future

imagine how good it would feel to have 21 btc. i'd feel like a philosopher king, knowing that my lineage would be provided for until (and after) mankind pursues his destiny among the stars

>>23472522
this anon is making a joke about alchemy if you guys haven't gotten it yet

anon are you familiar with Fulcanelli? That's who taught me about the process.

http://www.mtanthony13.org/library/Fulcanelli%20-%20The%20Mystery%20of%20the%20Cathedrals.pdf

Someday, when the world is calmer, I wish to take a few months and tour the great cathedrals of Europe, as well as do the Camino de Santiago. exploring europe by foot would be an illuminating experience.

>>23473297
>27 posts by this ID.
Ooof. That was a bad one anon. Seriously - are you saying it out loud? I’m running out of ideas.

Be better next time anon.

>>23473170
Ah so you think xrp is an elaborate pajeet rugpull on retail investors. I’m sure that’s what the founders planned all along.

>we need to develop a cross border payment system we can sell to the banks but we need to fund this project somehow. I know let’s sell it to retail to test our network first and raise funds and pull the rug years later and laugh as their bags go to zero since we already cashed out to the banks. Haha stupid bag holders.

This is literally your argument. But hey maybe you are right and David and Brad really are pieces of shit like that. You still won’t convince anyone to sell with your fud, so I guess we will find out soon enough.

>>23473380
The words burn into your heart.
Again.

>>23473380
>>23473297

can you two just fuck off already?

>>23473415
>28 posts by this ID
Maybe it’s exercise? When was the last time you moved anon? Played a sport? Maybe have a waddle around then try again. You can and you will post something better.

Be better next time anon.

>>23472821
>>23472788
strong feeling that David Schwartz is in this thread.

>>23472821
you're talking about the centralized finance system. what about the decentralized system via Flare? everybody forgets about Flare. i don't think people really understand how big decentralized finance could get, or how transformatory it could be for the human race, if it emerges from the ERC20 nerd cave and actually starts challenging centralized legacy systems.

this is why i thought NYAN was cool, as amazingly, flamingly gay as it was- the concept of something like a decentralized, crowdfunded hedge fund could be huge. Fuck wall street- and, for that matter, fuck the banks and fuck centralized exchanges. These patterns of power and control have held mankind back for too long- it's time for us as a species to move past them. Finally, the technology is emerging which will allow us to do that. It will take a while, and it won't be smooth, but the outlines of what is to come are beginning to emerge

it is an exciting time to be alive.

>>23473467
The fire from your heart melts a part of your soul.
Again.

>>23473381
Makes sense doesn’t it. It is in the banks and ripples interest to remove speculation from xrp. And you do that by removing retail.
By cutting out retail you make prices permanently stable. Stable prices means the cost to use old becomes close to zero. Lower cost means massive adoption to the new system.

>>23473484
ODL not old

>>23472939
the incentive would be the opportunity to participate in and benefit financially from a decentralized system of digital finance, wouldn't it?

if i can make passive income from staking or lending XRP, wouldn't that be preferable to selling it for a one-time payout?

i am here wuddup het

>>23473480
>29 posts by this ID
I can see you’re trying to lean into this anon, but it‘a not quite working. Maybe start with something simple like “WAGMI”? That’d be something, right? Hell, “test” would be a step up.

Be better next time anon

>>23473524
The warmth of your soul fills the channels in your mind.
Again.

>>23473540
>>23473524
great we've devolved into two faggots taking up 50% of a thread.

nice knowing all of you.

>>23470126
>this poster again
We are all going to make it friend. I trust and believe in (((you!)))

>>23473484
>It is in the banks and ripples interest to remove speculation from xrp. And you do that by removing retail.
Is retail even affecting XRP prices? Outside of the spike years ago something is doing a very good job at keeping XRP stable.
>By cutting out retail you make prices permanently stable.
Fair...but considering how little the retail market owns XRP (less than 10% are owned by normies) wouldn't it make more sense for the IMF to offer a buyback at market value but never sell to the public?

>>23470123
If you want to cash out and do the passive income meme via stonks, then anywhere from 1k-5k is a make-it stack, depending on which point in time you are referring to.

>>23473540
>>23473524

You need to cut this shit out this is extremely fucking gay. Sometimes doing better means shutting the fuck up

>>23473636
since when is dispensing spiritual wisdom frowned upon in /xsg/

he's giving good advice, anon, you should listen, maybe then you wouldn't be so quick to anger

>>23473501
Erm... I... who are you talking about? Retail or banks?

Decentralised finance is entirely retail. Always has been and always will be. Banks will not want anything decentralised. They would never want any system that you or I could be on

Some years ago, UK banks used to sell interest rate hedging products. That’s essentially an IRS that they tied to the back of a loan to hedge out interest ate risk. When clients would break their loans early (whether by repayment or otherwise), there was a termination payment. Important to note, there was nothing dodgy about this payment: it just reflected that your terminated early. You have any idea the kind of fines and compensation banks had to pay because retail claimed they “didn’t understand what IRHP was”. This included for my bank - no word of a lie - a fucking financial advisor and a derivatives lawyer at a top tier law firm. And they were made to pay these assholes compensation. Because they claimed not to understand a vanilla IRS. Retail is not something banks want to be trading derivs with.

As far as staking - if XRP works as it should - it will be virtually free. Next to no market risk and next to no cost. Banks will trade in and out of it instantly. In that context, would they really want or need to borrow (for a fee)

why did you niggies come out of your holes again
why should i buy cripple

>>23473540
>30 posts by this ID.
Sorry anon - distracted again.
What is there to say? On the one hand, 30 posts and you’re still trying, so there’s that, I guess. On the other hand, it’s getting very difficult to keep any faith in you [is this how your parents feel?]
Let’s go, just one. Try “test”.

Be better next time anon

>>23473748
Your mind becomes aware of your heart.
Again.

>>23471820
Is Schwartz one of the rare self-aware based kikes like Kubrick or Fischer?

>>23473770
>31 posts by this ID
You’re shaming your ancestors now anon. Try a different angle maybe. Why don’t you ask this guy how he’s doing: >>23473705
Try small talk.

Be better next time anon

>>23473622
Yes that's what I said. Buy back at the current rate of 25 cents, get as much as they can get, then close off the system.

>>23473748
>>23473770

are gdp-3 bots trying to overrun the thread?

this is frustrating

>>23473612
is likely correct

>>23469733
Checked

>>23473819
That would create a blackmarket for XRP buyers/sellers near the closed market price
All you need is one "shady" cog that lets you trade in XRP at $1995 opposed to 2K

>>23473871
No, there would be no blackmarket, because they can just blacklist any wallet that's not the banks. Refer to my other post
>>23472821

>>23473819
You’re venturing into retard territory there, fren.

They can’t force people to sell.

Do you have any idea how many years of law suits all over the globe they would suffer for that? The PR damage not only to them, but to their clients?

And if they can’t force people to sell, we’re back to this:>>23473096

We may not get full price, but competition will ensure we get close to market price.

And for what? They could cut out retail in other ways, if they really wanted to.

>>23473810
Your next repetition of your mantra will be number

3 * 3 * 3

If you choose to repeat it, the spell will be complete,
and the words will be sealed within you.

You will not be aroused again to anger so easily,
and the mantra will arise when you need it most.

If you complete the task,
then my 33rd post will be one word.

The buyback FUD is back. These lot really think the elites spend even 10 seconds worrying about us plebs.

anyone remember when the australian boomer jesus schizo would post in the thread? and then the Q insider larper guy? then Marduk and Garlinghouse? and now a derivatives lawyer who is convinced there will somehow be a split market and XRP tokens won't be used for 'retail?'

interesting how /xsg/ goes through eras. if i were paranoid, i would say it's not totally organic, but i think the implications of that are pretty weird. who, why, for what purpose would this thread be astroturfed? qui bono? and who would be footing the bill?

Fud is thick in this thread.

Remember BTC & Eth are broken, Chainlink is for retards and silver and xrp holders are all gonna make it

>>23473968
the great work is almost complete!

>>23473928
>because they can just blacklist any wallet that's not the banks.
1. There will be a shady bank that exchanges "personal" XRP for fiat. If the IMF is buying it for 25c and the private system is 2K you better believe there's some shady middleman who wants a piece of that pie.
2. No one will bother selling at 25c unless there is a international law.

>>23473968
>32 posts by this ID and counting.
Ok, this is new :)
Trying a bit of a baba thing! Could be interesting. I wonder what the ‘riddle’ is. Quite exciting!

Maybe you are being better anon. Let’s find out together in your next post.

>>23473934
Did the US government get sued when they bought back gold in the 1930s? You can't simultaneously believe that the institutions behind xrp are powerful enough to reset the global economy, but can't force sell/blacklist some virtual tokens owned by sub 100k people worldwide.

>>23474035
The buyback occurred in an era where a large percentage of americans owned physical gold retard.

What percentage own xrp today?

Exactly, you are a faggot nigger and Im never selling my bags

>>23473928
>blacklist any wallet that's not the banks
And banks have been doing notoriously shady shit for centuries. From the recent silver price fixing to taking in Mafia money.
Why would (((they))) play by the rules all of sudden? The majority of retail XRP (if you look at XRP ledger) are owned in accounts that are worth millions (USD). That sounds like elites own the majority of retail XRP which makes it likelier that no regulation is passed down when XRP reaches 2K.

>>23474064
>muh bags are worf alot
No ones telling you to sell your bags dumbass.

>>23474035
>but can't force sell/blacklist some virtual tokens owned by sub 100k people worldwide.
That's the issue
Be American XRP holder
> instant millionaire
> XRP on paper wallet/ledger
> take overseas
> cash out

There needs to be international regulations. Remember you can hire the jewish lawyers now and pay for the shadiest financial accountants in the Caymans. This system was meant for the elites and they assets they use

>>23474064
He thinks the elites number one priority is to make sure a few small percent of plebs don't make a couple million dollars. Everything else is secondary to making sure xsg posters don't receive more than 25 cents for their xrp, so they will go through whatever it takes including blacklists, setting up separate markets, forced buybacks, forks, literally having anon's thrown in an unmarked van off the street and made to disappear just so god forbid said anon doesn't buy a 2000 sqft house on a 1 acre acrage with his 2 to 10 million dollars.

>>23474034
The mantra was not repeated on the final step.
The spell was broken before it was complete.
This choice will lead to a dire outcome.
I wish you great luck anon.

>>23474034
you failed

>>23474161
kek, this

>>23474035
> Did the US government get sued when they bought back gold in the 1930s
I’m in the UK. Do you know how lawsuits would work? Lawsuits in every single country in which there is an XRP holder? Banks wouldn’t ducking touch the stuff because of the forced buyback if found to be illegal in any of those countries, then their use of XRP in those countries could also prove illegal. That’s aside from injunctions, etc to stop use during the slow march through the courts, and of course that’s aside from having to account for European courts, which are far less business friendly that UK/US courts.

Then there’s the PR issue for banks.. involved in a project that fucked over thousands of people. Banks are pretty wary of bad PR these days anon.

> believe that the institutions behind xrp are powerful enough to reset the global economy
I don’t believe that. XRP isn’t resetting shit. It’s just a very useful tool.

>can’t force...
The question is why? They could effectively cut out retail by bifurcating. They could do it by simply regulating that banks can’t buy from retail. They could make it illegal for shops/retailers to accept XRP as payment, incentivising people to sell. There are so many options

The buyback fud is weak.

>>23474161
Kek

>>23473670
You're so full of yourself holy shit. Here's some spiritual wisdom for you. Silent self reflection is golden. Stop trying to show off how "developed" you are.

>>23474162
>33 posts by this ID... and still counting.
33 anon. An important number. And you had the whole baba thing set up too. And then... That.
fuck mate. I’m proud that you took a risk with something new, but it really didn’t work.
You really don’t have it in you, do you?

Please be better next time anon.

>>23474161
This. The FUDsters are getting desperate now.

>>23474185
>buyback FUD is weak
True. Every other crypto currency or BC listed on an exchange somewhere but not XRP because it has a usecase? Kek pajeets unknowingly BTFO their shitcoins and admit XRP is the standard.

>>23474161
heh

>>23474161
kek

>>23474255
Checked.
You lost me with that, but you seem to be agreeing with me, I think? So.. yes. Thank you.

>>23470352
those tabs and my sides

>>23474185
Buyback and bifurcating achieves the same result. Getting retail out of the xrp system. imo buyback/blacklist is easier to implement. Either one is fine though

What is XSG's opinion on XLM VS VET? Wondering what my next bag should be.

>>23474162
You're arrogant and self important egotistical trash

>>23474104
Dumb ass with 50k ounces of silver and 350k xrp

>>23474376
post folio

>>23474395
No

>>23474311
Buyback is not easer to implement because of lawsuit and PR.

Bifurcation cuts out retail from the bank market without any of that shit. And if retail complaiand, we’re back to this shit >>23473096

There’s bad PR if you fuck people by forcing them to sell at 0.25 and then immediately switching to 2k.

There’s no bad PR if people are forced to go through some extra AML and then getting paid 1900 for the internet tokens they bought for 0.25. Nobody would feel sorry for us if we got 9.5m rather than 10.

You’re achieving the same thing, but with markedly different legal and PR positions.

The buyback idea is nonsense. Unless they’re buying back at market (2k market - though even then they’ll have the legal issues, if not the PR).

>>23474408
nice larp pal. no one cares about your tiny bags

>>23474362
XLM is more guaranteed than vet. Dunno why people post about it here at all really, XMR too but seems popular here. I personally have more XRP than anything else. Some ALGO, some XLM and XMR to be sure. But XRP is obviously the most important coin.

>>23474602
You wish I was larping. still not selling faggot

The buyback really is nonsense.

If the buyback is so necessary because "price stability"....what about the stability of the asset you're trading against? Currency and asset values fluctuate all the time. There will always be some cost to using the XRPL for liquidity, it only becomes more stable, more liquid the more players and assets are trading against XRP. Retail investors add more value by giving greater access to newer and smaller markets, assets that banks likely wont hold themselves.

>>23472011
I truly hope he came in here and we called him a fucking faggot

>>23474423
This. They'll either pay us for our bags (unlikely as this is tons of paperwork and BS for them) or they'll use their stock as the liquidity source for banks, set the price to x amount of Gold/Silver, and let us pay all the taxes for cashing out, moving it, etc. What we'll do, or what you should, is do things appropriately and don't get fucked by people paid to make sure you did things correctly. And that's how they'll make XRP 2k TO BEGIN WITH and how you'll cash out.

But I'll tell you now, XRP could go to 10k plus, and by could I mean it's only a matter of time. So if XRP moons to 2k, and you sell all, you'll be almost as mad at yourself if you were in these threads and never bought XRP at all.

>>23474693
Idk where this whole "but then retail has to be separate from bank" i mean it already is with the m2 money supply nonsense and how the central bank ponzi scheme works, and what will really happen is CBDC's will eventually be backed by gold, thus XRP is backed by gold. But psychologically, normies will want more CBDC because the price of XRP will be so high, they won't want to buy in, there won't be a REAL "dividing line" between retail and the banks. Rather XRP will just be so valuable that normies will segregate THEMSELVES out of wanting XRP. Though the smarter ones will begin stacking XRP over their respective CBDC's. The ones that THINK they're smart will exchange CBDC's for gold in their safe and get boned when Elon starts space mining gold.

>>23471820
He probably joined the "schizo discord" the tranny shills and pajeet chinks posted about many threads ago, you know, the one mist of us didn't join and called a honeypot.....

David did this to fuck around lol dude is funny for sure.

>>23473170
That's what they're saying the intended purpose is, yes.
Derivatives is the real use case.
Faggot

david schwartz is god king

>>23474166
>>23474162
based and hypnotic suggestion pilled

>>23474230
thank you wise teacher. why don't you take your own advice?

what an interesting thread.

is this really all you need to make it?

>>23474929
For all intents and purposes, cross border payments covers derivatives. I’ll copy paste my explanation of a transaction in a separate post.

As far as collateral (which may be separate) numbers:

The mark to market on derivatives hovers between $2.5-3trn

Collateral collected on this is at least $1.8trn (~$1.4trn in cash and ~$0.4 in securities)

This does not therefore represent a big jump from the cross border payments market (~20trn I believe)

new thread
>>23475138
>>23475138
>>23475138

>>23475116
Not sure how vital the magazine is, otherwise yes.

>>23474929
>>23475140
So how does a derivatives transaction work?

Let’s take a very basic interest rate swap. I’m paying a floating rate (day, SOFR + 1%) on my $100 loan and I want to hedge against rates going up, so I’ll buy a $100 fixed for float swap. I will pay the bank a fixed rate (this locks in a constant cost) and they will pay me a floating rate equal to the floating rate on my loan. This ensures that even if rates go up, my costs are already known and my loan will continue to be paid. 6 month tenor, monthly payment dates.

What does that mean in practice:
- will sign a contract
- enter into the transaction
- lets also assume we agree collateral will be applicable.

On day 1, I will pay the fixed rate of [x]% and the bank will pay me the floating rate of SOFR + 1%.

On each subsequent payment date (monthly) I will pay you the fixes and bank will pay me the float.

At the end of the contract, the final payment will be made and we’ll be done.

Note: at no point did we exchange the 100m notional. The only exchanges were the monthly payments.

For collateral: Essentially, if we were to enter into a swap on identical terms today (T+1), what would it cost? What is the difference in that cost vs. the cost of our swap? If rates have moved in my favour, it would have been more expensive for me to enter into the trade on T+1. This is the mark to market. Bank will pay me collateral representing the MTM, as surety against bank defaulting (because if they default, that’s the extra cost I have to bear to replace the trade). At no point are we exchanging the full 100mn of the original notional.

>>23471711
>>23471677
I think i need to take my own meds

>>23474929
>>23475140
>>23475159
So when you say “it’s for derivatives”, I’m not sure what you’re referring to.

The monthly payments of [x]% of the notional are just Bank to bank transfers - not anything separate.

Am I being unfair? Have I misunderstood what you’re saying? How do you believe that “XRP will be used for derivatives”?

>>23474929
>>23475140
>>23475159
>>23475219
Oh, when you hear that the derivatives market is 16 kajillion - that’s notional numbers being quoted, which as described above, are quite meaningless

>>23474901
Fair point re: retail naturally falling away.

I don’t think anyone is saying this or that is definitely how theyd do it - we’re all (or I am at least) just coming up with this on the fly. It’s just a thought on how they *could* do it.

>>23475306
>>23475219
>>23475159
Look man I'll be honest all we want is to hear smart-sounding people say xrp2keoy or higher, explanations are optional in that they're valued only if they reinforce xrp2keoy or higher, you're doing great work and are obviously both knowledgeable and generous but you're losing us peons because you've got too much macaroni and not enough cheese

>>23475383
It's also the end of the bread
repost in the new one

>>23475383
Fair enough.
Everything I explain is aimed at reinforcing one single point: XRP is the standard. I’m not even schizo. I’m trying to give anons a basic, real world view of how and why I think XRP will hit 2k. That is guaranteed in my view. I also like financial markets (it’s my job after all), so enjoy speculating and enjoy talking about products and stuff - so I’ll admit it’s not wholly selfless.

That’s not to knock the schizo stuff btw. That’s why I get worked up when I get shit from people. I don’t butt into conversations to tell people their theories are bullshit - whether I agree with them or not. Because even if I don’t agree with them, I’m not harmed by them coming true - We all moon whether I’m right or anyone else is.

>>23475480
Based, anon. Thanks. WAGMI.

>>23475480
And what if you are wrong? How it will change the way you see the future? Any back ups?

>>23475793
I’ve already proposed a plan for if I’m wrong. We mass rope on brads doorstep, in front of his kids.

Seriously though - I don’t know - just carry on I suppose or move towards XLM/ALGO/IOTA

>>23471820

I can't believe you retards thought David tweeted that

>>23475831
>already proposed a plan for if I’m wrong. We mass rope on brads doorstep, in front of his kids

What the fuck anon hahaha.