/biz/ - Business & Finance

May all who enter this thread be blessed with good health, good luck and the ability to reach their full potential in this existence. May all who enter this thread be protected on their journey at all times and in all ways.

You all could've made it last year if you bought LINK, but nope you decided to hold this scam. I pity you, xrp fags.

In the full version of the Adam and Eve Story Chancey Thomas describes his predictions from 1967 for a couple of Astronauts who spend a year in space with no magnetic field. He speculates that they would develop all types of cancers and tumors and given enough time their DNA would literally rip apart.

In 1968 he was invited to MIT to see an experiment done on mice who lived with a diminishing magnetic field. Thomas was right about the mice becoming very ill but there was an unexpected development: The mice become extremely violent and insane. They would rape the female mice and cannabalize each other. Thomas then asserts that in a world were the magnetic field diminishes (Such as our own current world) you would see a rise in insanity and extreme violence.

>tfw only 7k flares

lets hope we dont get a lot of pajeets buying this coin

>>26432159
tfw only 166 flares

>>26432018
I pity you for being brown

>>26432214
imagine unironically being brown

Remember why you're here

Here's some interesting speculation on what might happen with XRP and the reason it was created

supported by this news from yesterday:
https://www.coindesk.com/bis-plans-platform-for-testing-central-bank-digital-currencies-in-cross-border-payments

>>26432095
>KEk ID
I'd like to read the 20 mysterious pages of the Adam and Eve story desu.

>>26432328
Read the op. It’s not little known around these parts.

https://en.wikipedia.org/wiki/Bancor
https://en.wikipedia.org/wiki/Bretton_Woods_system
https://web.archive.org/web/20150923201757/http://www.centerforneweconomics.org/documents/copy-e-f-schumacher-multilateral-clearing-economica-new-series-vol-10-no-38-may-1943-pp-15
https://www.imf.org/en/News/Articles/2020/10/15/sp101520-a-new-bretton-woods-moment

>>26432436
If I understand correctly,
This is a different airdrop/product than flare.

They're doing another airdrop for a different flare product.

Like a second snapshot

>>26432521
Read the OP.

>>26432521
Not a second snapshot, but an offshoot of the first. If your exchange can accept it, you get so much YFLR for the FLR you are set to get.

>>26432521
Sounds like if you hold onto you FLR for a week, they do a 2nd snapshot and give you something called daoFLR

>>26432521
Read the op.
This is flare finance.
Separate from flare network (spark)
We’ve known about this for weeks.
Read the op

>>26432640
1 DFLR for every 1,000 FLR. You then have 7 days to exchange these for YFLR.

>>26432608
Yezzire

>>26432704
Roger Roger
I'll reread

>>26431973
thank you fren, blessings :)

>>26432714
Kek. Here I am telling the other guy to read the op, when I haven’t bothered (I’ve been here long enough to absorb the info as it comes in).
Didn’t know the ratio of Spark to DFLR was 1000:1. Is that confirmed?
Spark to XRP was just over 1:1 in the end, I think.

>>26432714
ok what are the pro and cons of DLFR YFLR.

why would i want to exchange dflr for yflr.

>>26432714
and if you don't exchange it, it just disappears right?

sparks will have 100 billion supply
given we can count on the glowies to fud the coin
i think we can obtain it for cheap once it launches

>>26432714
Right. IIRC, you only get as much DFLR as you get FLR for the FIRST drop, meaning if you're on an exchange, you only get the 15% of the first drop. And that's IF the exchange supports the DFLR drop, which it might or might not.

>>26432833
I remember a ratio from the op earlier saying

It was a xrp to 12 fxrp to 1000~spark

Then only a .1th of an xrp is burned up.
So you can have the .9xrp returned after minting spark tokens through flare.

Then use the fxrp as collateral staking or minting spark to stake/pay for shit

>>26432843
As far as I understand it, DFLR does nothing. They’re making you exchange it because they want active participation. So if you can’t be bothered swapping, you’re considered not someone that’s going to be bothered participating.

Hey ive been away for a couple weeks
whats new>? whats the status of the lawsuit?

>>26432203
you cant buy flare yet or am i missing out

>>26432290
imagine sincerely using the term "unironically" to describe a condition which one is born into, and which, ergo, one cannot possibly be ironic about.

im going to help 3rd worlders get access to cheap loans to improve their countries
ill make the glowies proud

>>26432843
See >>26432917
It's to stop pump and dump retards play muh free monies games.

>>26432863
Fuck. Just the first 15%?
Fuck.
I was banking on getting DFLR for my full expected spark allocation.
Fuck.
I need to set aside some money to buy more sparkies then...
Fuck

>>26432994
that's the comedy of it
although you can "ironically" be brown by being brown but not acting like a brown
if you're a pajeet, and you act like a scamming dikshit rajbeer roach then you're unironically being brown

>>26432857
There’s a 100bn supply but only 15% is being released at first... the rest is following slowly thereafter.

The aim is to stop dumping.

>>26433006
Usury is bad, instead you should go to thailand and make your own middleclass neighborhood. All the orphans will learn muaythai and you will hold fights every friday

https://www.youtube.com/watch?v=RB8JaThgkzs
WATCH THIS

>>26431973
Ty brudda you too.

>>26433043
Right, it's whatever you get at the first drop. Self-hosted wallets get it all. I guess like other posts in this thread they assume you won't be as likely to participate if you're on an exchange, and they're probably right.

>>26433080
that's still 15 billion, which is way more than what /biz/ looks for in a pump and dump scam
it will get fudded to high hell and the prices will remain low for awhile, i hope
plus make sure no one knows that too, while we all acoomolate

>>26433128
I thought everyone was getting 15% (regardless of whether you self-custodied at the snap or whether it was on an exchange). The whole point of the 15% was to stop dumping, so it wouldn’t make sense for them to fully distribute to self-custody.

The vast majority of mine was self-custody, so I’d be happy if I get it all... I’m just not sure that’s the case (and am as such disappointed that DFLR will only be tied to the initial distribution)

>>26433190
Not quite 15 billion - more 7.5, as there was no spark distributed to at least half the XRP (escrow, founder accounts accounts with more than 1bn (including associated accounts to stop spreading to avoid the cap))

>>26433190
I get more dopamine from aCOOMulating than I do from little small term gains

>>26433107
>>26433043
>>26433128
>>26433250

Hmm the video disputes that. The exchange has to support the DFLR drop. If they do, you get 100% of the DFLR. If they don't, you have to move the FLR to an offline wallet and only get 15% of the DFLR after going through the claim process.

So far, no word on which exchanges support the DLFR drop.

>>26431973
what is the meaning of the black sun.

Hey guys just started getting into this stuff and I heard xrp is the standard. Can I just log onto my coinbase account and buy some?

>>26433468
youre getting memed bro

Imagine everyone swaps xrp for ltc to receive the flare airdrop and xrp moons.

>>26433387
I’ve never seen any 15% cap on DFLR.
Basically:
-Flare Network (Spark) had a snapshot.
-if you were in that snap, you’re eligible for spark
-you will get 15% of your spark initially, with the rest distributed over time.

-Flare Finance (a separate thing - DFLR/YFLR) will look at you Spark holdings (so that’s the 15% tie-in), and will distribute DFLR
-you have 1 week to swap DFLR for YFLR.

>>26431973
thanks man

>>26433361
thats still a lot
how much does biz usually work with?
16 million coins?

>>26433587
>-Flare Finance (a separate thing - DFLR/YFLR) will look at you Spark holdings (so that’s the 15% tie-in), and will distribute DFLR
Right, where I was getting caught up was thinking if you were on an exchange, all the DFLR you could get is the 15%. If the exchange supports the DFLR drop, you get 100% of your eventual FLR in DFLR. Otherwise you have to take steps to get just 15% in DFLR.

https://www.youtube.com/watch?v=NoTwhWUAy2U

Thread theme

>>26433413
In essence, sun wheel symbols are meant to 'illuminate' the prescient quality of light, meaning all we have ever known and know currently is because light has touched it (or rather energy moving at a vibration). The black sun is all that we do not yet know and cannot yet comprehend, along the same vein.

I Will buy a thousand XRP's today and eat tortillas

>>26433953
based multi-millionaire

>>26433080
way less than half of those 100 billion were getting airdropped to people, i think it ended up being like 40 billion were getting airdropped and only half of those were claimed so 20 billion FLR, and 15% of that 20 billion FLR are getting airdropped initially

I'm a gambler. All I do is roll the die and throw the cards

>>26433413
i posted it just because it looks cool, but i think the symbol of the invisible sun has traditionally represented the sustaining power of the spiritual world, that we can't see or sense with our 5 senses but is still real

>>26433953
i too am eating beans and rice now so i can eat steak and champagne later

>>26434011
Which is why it's important to get involved. The rest will be given away to those who are active.

https://www.youtube.com/watch?v=e1DLZmXjjYI

>>26433681
Fair enough, yeh. I wasnt really disputing the point - just changing the figures.

>>26433733
Checked.
I think it’s the same amount (proportionally) as everyone else - you’ll just need to take some extra steps to arrange receipt of it. Normally, the exchange will receive it and it’ll show on your exchange account, but you’ll get a notice saying you have x days to move it before they wipe (that’s how Binance do it at least).

>>26431973
Amen, fren.

>>26434524
and awoman

its over, sell

>>26433413
satanic inversion of light

>>26432917
ok so tax on FLR taxed on DFLR AND THEN taxed on YFLR.

YO GUYS THIS REALLY IS THE FUTURE OF FINANCE

>>26434827
there should be no taxes on DFLR->YFLR exchange

Only have 6600. Hope this waits to moon until I get paid so I can buy 3400 extra for the suicide stack.

>>26434749

>>26434868
you're insane
did you see the SEC claims?
nobody's using this coin and there's nothing bullish about the graph

>>26434914
>falling for jewish FUD

>>26432095
Oh, fuck. God help us all. We're gonna have to make magnetic field generators before this happens.

>>26435025
does earth "leylines" have anything to do with this?

>>26434914
>Believes everything he reads, sees and hear

>>26435173
>i know more than the SEC
negro

>>26435235
>Doesn't know about TSLA, Amazon and KIN settlement
It doesn't fucking matter what shady business they did. They will get a slap on the wrist and the coin will moon.
The SEC is just searching for a cash grab. XRP is a currency and not a security.

UK and Japan aleady disposed of this legal question re: XRP's security/currency status

some of you niggas need to chill

>>26434401
>>26433107
From the video above, you'll basically have to prove you have so much FLR. If the exchange supports DFLR, they'll say "Yeah, this user had so much XRP at the snapshot, so they'll get so much FLR." But if they don't support it, you have to prove how much FLR you have, and all you can prove will be the 15% you'll have received by then, so that's all the DFLR you can get. It sucks, but it makes complete sense to me.

https://vocaroo.com/14r3n6npren5

>>26434827
This:>>26434866
also, Flare Network (Spark) have said the value at launch will be zero. So you won’t get any tax on it (until you sell or swap for another coin).

>>26435330
Actually fren. XRP is a security, to your financial freedom.

>>26435468
What?

>>26435780
Thanks and godspeed, fren

>>26435778
I can't imagine that's going to go through without an IRS fight.

>>26435849
https://www.youtube.com/watch?v=RB8JaThgkzs [Embed]
>WATCH THIS

>>26433364
I hear ya brother.
I stopped after they stopped trade, i know i can buy some on uphold but I'm waiting for a just in case dip.

Who knows ya know..

Tick tock... tick tock...


also, I handed out a big clue in a past thread to the clock. Many missed it.

https://www.youtube.com/watch?v=fRcVgB_Unag

>>26435780

>>26435899
Checked. I can’t believe you made me watch that. Is this what we’ve become? I’m explaining a simple fucking video to you?

1. If you have Spark in a self custody wallet or a participating exchange at the time of the DFLR snapshot, you will get 100% of your DFLR.
2. If you hold your spark in an exchange that it NOT participating in the DFLR airdrop, you need to move your Sparks to a self custody wallet (or participating exchange) before the DFLR snapshot. If you do that, you will get 100% of your DFLR.

At the time of the DFLR snapshot, you will only have received 15% of your total allocated sparkies. That video implies that DFLR will be based on the total of 15%. That doesn’t change whether you are on an exchange (if it is DFLR participating) or self-custody*.

*Note: if you buy more spark before the DFLR snapshot, you will get more DFLR.

Do you understand or shall I get the fucking crayons out?

>>26436315
What’s dflr?

>>26435900
Needs stripes

>>26435899
>IRS Fight
The law is pretty clear. The IOU trading muddies the waters a bit, but so long as when you receive them the value is zero, there will be no tax. Flare Network were at pains to point out the zero value for that very reason.

Past that point, it’s standard tax law: you crystallise a tax obligation on disposal (selling or trading).

>>26436348
It’s the hottest new thing.

Spend my days now debating to get more xrp or just diversify, GRT or LINK, cudos or hbar
fuck feel paralyzed with indecision

>>26436349

I agree with the stripes.. but i think only top stripes.

Also, you use about that kinda blue..
not grayish sliver like the X in the Xrp logo?

Also...
Blue panties...or pink?

>>26431836
this meme is wasted on you guys, you aren't schizos you are plain retards

>>26436478
Only have XRP and XLM (and stocks).
Feel that if I go into GRT or LINK it's a FOMO-buy and will probably fuck me up and dump.
I'm spending the time pre-settlement accoomolating.

i feel a lot of these girl mascots are alter egos of posters
prolly source where the tranny shit comes from

>>26436589
I just color dropped her hair for the sock. Panties are fine, but I'm not a coomer so what do I know.

>>26436315
>At the time of the DFLR snapshot, you will only have received 15% of your total allocated sparkies. That video implies that DFLR will be based on the total of 15%. That doesn’t change whether you are on an exchange (if it is DFLR participating) or self-custody*.

And this is why we keep going back and forth. Insulting me won't make this so.

>>26435900
These pictures are so fucking queer. Stop.

>>26436779

No.

yeah i think its over

>>26436315
Have they announced what exchanges are going to support the dlfr airdrop?

Uphold just halted everything

Hey guys just started getting into this stuff and I heard xrp is the standard. Can I just log onto my coinbase account and buy some?

>>26436968
no more buying xerpies my fellow americans

>>26432962
If you participated in the airdrop you should see a claim with the amount of flare you will receive, that is if you registered through xrptoolkit. If you didn't register through xrptoolkit then i dunno

I believe we're getting a visit from a discord group at the moment. Hi, trannies

>>26436758
I was entirely wrong anon. I apologise.
(I’m fairness, you could have pointed me to that pic from the start, instead of the video).

>>26436968
whaddaya mean halted? no buying, selling or trading at all, of any currency? wonder if they got hacked

>>26436948
if you look on Flare Finance's twitter they retweeted some announcements about wallets and exchanges but i forget which ones

>>26437046
But why halt everything? Just halting it for US people or what?

>>26436968
>>26437046
it's back to normal now but everything was halted. testing?

>>26436948
Not as far as I’m aware.
Also note I was wrong about the 15% thing. See: >>26436758

Hands made out of diamond ama

>>26436968
WTF Everything? WTF is going on to cause that?

>>26437073
Lol had to look it up. Apology accepted. I found the original flowchart used in the video but even that wasn't persuasive.

>>26432917
wait so if I get xrp through kraken or uphold xrp isn't actually used for anything? how do I become a future power player like you guys?

>>26437074
>wonder if they got hacked
motherfuckers better not have, I literally JUST verified my shit

>>26437169
I'm low IQ, does this mean we will receive the amount of DFLR to 100% of our FLR which includes unclaimed FLR?

>>26437274
Yes, but only if you had self-custody or your FLR drop exchange participates in the DFLR drop. No exchanges have announced either way yet, but it is possible some that participated in the FLR drop will not participate in the DFLR drop.

>>26437140
u gon sell fren?

do you click on the mailbox when it asks you to identify the parking meters?

>>26436972
You could have prevented this, now it's too late. You can't do it, you can't buy. It all returns to nothing.

>>26436968
Relax. No they didn't.

>>26437400
>>26437169
>>26437115
>>26437057
>>26437274

picrelated might be helpful its from flare finance's telegram

>>26436972
make an uphold account or you can send other crypto to kraken and then trade it for XRP

David likes to post about boats, why? Look at this recent one, then there was one about the boats sinking at a trump rally?

>>26437606
Cus hes a pirate, Aaarrrgghhhhh!!!!

>>26437606
ripples turn into waves. are you riding this wave anon?

>>26437740
thanks David, big fan of your work

>>26437169
Well, as well as the apology: Thanks. I was a bit annoyed thinking I’d only be getting 15% worth of DFLR.
Today has been a good day for resolving that worry.

>>26437205
If you held XRP on 12th December, you would be in the Flare Networks (Spark Tokens) snapshot.
This gets you Sparks (or you can buy Sparks when they launch)
Anyone holding Spark will be in a future (date TBC) snapshot for DFLR.
Once you have DFLR (which are useless), you will have one week to exchange them for YFLR (which will have use).

Note that even if you weren’t in the Spark snapshot and won’t be receiving sparks, you can still get in on the DFLR game by buying sparks separately (when they launch).

XRP is kind of separate to all of that. It’s the standard that sits above. Buy XRP because it will one day be worth thousands.

>>26437755

will there be a time gap between receiving spark and DFLR so you can accumulate more and get more dflr?

>>26437543
Thanks. Yes, I was entirely wrong on the 15% thing.

>>26437205
>>26437260
Crash + Delist + SEC Suit + Exchange Hack

Iiiiiiiiiiiiiits overrr

>>26437800
same to you

>>26437817
One month, I think

>>26437770
Do you think holding coinbase reward coins for the sole purpose of trading them to Uphold in exchange for SPARK would work? I'm either thinking of using those extra coins for xrpies or sparkies. What do you think?

>>26437834
o yea, even ledger/trezor might exit scam too
if they were in the know they might have planned for this

>>26437817
1 month

>>26437770
Yes, although I was on an exchange, so my worry is still there at least a little. I plan to buy so much FLR once it's available that I think I'm done accumulating XRP to give my bank account time to recharge. Sucks that my 100k XRP stack was only 7K at the snapshot, but oh well.

suppose all exchanges close and an IMF buyback theory
say you only sell a portion at the IMF price
how would you sell the rest?
I feel after we make it we should keep the general going for this
as far as wealth management and other things we can help each other around

Hey so uhhh what ever happened to the 'insider' that was trying to verify 33 mil xrp anon and his claims?

>>26437746
wgmi tomorrow check em

>>26437940
Keep what you wanna cash out on the exchange. Keep what you wanna store on your wallet. Send some over as needed.

>>26437878
Transfer fees will eat you alive. And after using Coinbase Earn last year and realizing every single transfer is something I have to report to the IRS, it's simply not worth it.

>>26437970
I told him to "verify my dick". It was a live action role playing as soon as he started threatening the op.

>>26438015
can you re-read the post
thanks

>>26438013
So, time to hodl more coins into the collection then in the hopes they increase, at least got some nice 37 XLM

>>26437878
I don’t know mate. I’m in the process of building a spark fund at the moment to try to top up my stacks before the DFLR/YFLR snap, but there’s a good chance I just dump it into XRP.

I’m probably not the best person to ask - I’m about as bearish on all things defi as you can get and am only belatedly coming round on Flare Finance because I’ve recently been fucking around with shitcoins and have been exposed to ETH. That exposure has convinced me that the XRP/Flare Finance ecosystem will replace ETH in very short order (18 months). Though I note that Flare Network is a separate blockchain to XRP, so maybe that would replace ETH rather than XRP itself?

I don’t know mate.

>>26438013
I won some of those coins they give you on free classes and bought xrp with it
do i have to report all that to the IRS?

>>26438127
Alright thank you anon, good information nonetheless.

>>26437970
I'm still here retards. It's the fucking weekend. Chilling with my girl, watching UFC on my 85 inch tv.

Screencap attached. As promised Once information is verified I will continue to buy $50K XRP in $7-10K increments until Feb 22. Almost feel like all you newfags don't deserve these breadcrumbs.

>>26437606
what does he even mean by this...

>>26438180
Verify my dick faggot

>>26438068
You're probably looking at an "unregistered security" situation at that point. Which means you have to be an "Accredited investor" with net worth over $1 million. So your IMF haul better be over $1 million.

>>26438114
Hodl always works. I was just in a situation at the time, like most likely using Coinbase Earn, where I had very little crypto and transferred it all to BTC and later XRP.

>>26438145
Yes, potentially twice. Once as part of miscellaneous income when you received it, and a second time when you sell or transfer it to another coin. It's a damn nightmare.

>>26438234
Cope and stay poor. An oldfag here who couldn't care less about your fate. NGMI

>>26437926
Shit. Well, I’ll be hoping for you that your exchange participates.
Either way: 100k Xerps will have you set for life friend.
I’m hovering around 80k (about 68k were set up for Sparks) and am torn just now between ploughing on to my target (100k) or raking in Sparks when they are released.

Regardless WAGMI on XRP alone. The Sparks/YFLR will just be icing on top

>>26438288
You need to read ID posts anon.

>>26438180
With your gains you should hunt down the elite globohomo satanists in minecraft

>>26438255
will they nag if you dont report it?

>>26438350
Not in you live in Cuba

>>26438180
Any particular time to look out for updates?

>>26438298
My goal is 500K xrp. Hope our 33million anon isn't larping. If banks adopt XRP and it starts to replace swift transactions, this is going past BTC. I'll play my small part for /biz.

>>26438298
Thanks. Fortunately it was Uphold, so they seem the most likely to support DFLR based on still listing XRP. Of course, they just started listing DOT, so they're not 100% on top of things.

>>26438350
The IRS is moving from nagging to enforcement of crypto laws now, so I'm not messing around with them. Not sure how Biden will handle things, but I'm dotting every i and crossing every t with crypto.

>>26438454
>just pump all my shit from the bank to exchanges all day everytime

I'll see you all on Hawaii soon.

>>26436478
Save cash for FLR

>>26438427
Shit mate. 500k is a hell of a target. Good for you.
I’m under no illusions that there’s a risk another coin becomes the chosen one (a private coin), but for a potential moonshot, I don’t think there’re many better. Plus, as I said above, even without adoption, I can see us mooning solely on taking over ETH’s crown.
See: >>26438399
When to look out for updates?

>>26438399
Give me until mid next week. Our insider at the bank is VP level on the investment banking side. I cannot guarantee he will know everything but it's one of the big three and probably higher level than our 33M XRP anon.

I don't want to comment any further to maintain privacy. What I am doing unlike these faggots >>26438323 is putting my money where my mouth is.

>>26438180
no one said you were poor... but thanks for the breadcrumbs i guess

>>26438575
I'm going to continue telling you to verify my dick until you prove me wrong, faggot. And I'm all for you proving me wrong.

Whatever happens anons, be we become millionaires or remain a group of poor schizos, I just wanted to say thanks for giving me some hope for the future. I wish nothing but the best in life for each and every one of you. All the best, my schizophrenic friends.

https://www.youtube.com/watch?list=FLJ9zoCvF25moVTFalrZ0pCg&v=Mz1nQEQ6UAQ

$2,000k EOY confirmed

>>26438298
And yeah you'll make it too. If a buying opportunity pops up, I'd say for for 100k. But you could end up there just using Flare or even Nexo, etc.

>>26438523
Haha, I'll stop there on the way to Japan.

>>26438615
Kek. Stay poor.

>>26438180
Conor and Hooker ITD parlay I hope

>>26438622
Im so worried if ledger somehow steals my zerps after moon slingshot.

>>26438701
I'm not the one live action role playing as whatever you're doing anon.

>>26438575
I meant time of day - I’m a bong, so want to make sure I’m around.

If he’s on the investment banking side - make sure he talks to both his ops and his IT (including any specialist teams - I’m in banking too and I know we were looking at XRP but it was a project team and I’ve struggled to get ahold of anyone to find out more).

I’ve mentioned before - the global head of ops got very evasive when I mentioned XRP to him. He was fine talking blockchain settlement in general but clammed up when I specifically mentioned XRP. I may be reading too much into that, but it suggested he was behind a wall (NDA’d). Having done any digging for a while though... will probably start up again after the suit is done.

>>26438609
Never said that was the case. Just playing my small part. It's the 33M xrp anon that made the claims. I hope he is right. WSB retards are pissing me off lately.

The 33 million xrp schizo should invest his future wealth into time travel R&D and FTL

>>26438734
Connor and Michael

>>26438746
this doesn't make sense when you consider how much money is already being entrusted on ledger devices, also how would they cash out when you can track the stolen funds on to the exchanges

>>26434966
the fudding tranny fears the lunatic XRP accumulator

>>26432857
no, less, because not all will be claimed and unclaimed FLR will be burned

>>26438762
Finally a based response. I will pass on that information. High level folks often don't know what's happening in other departments. Functional employees often do.

btw the amount of new coins popping up, the exit scams are gonna be insane

Tetragon Financial Group Ltd., with total assets of $2.32 billion, filed the complaint under seal Monday night in Delaware Chancery Court. In concurrent filings that are public, the investment company said it seeks to “enforce its contractual right to require Ripple to redeem” Series C preferred stock held by Tetragon and to block Ripple from using any cash or other liquid assets until the payment is made.


Seems like the prediction that all exchanges will no longer sell XRP may be legit.

>>26438839
Well atleast you're half right.
I'm doing the same thing as you except my TV is 65" and Pizza hut didn't cut my fucking pizza.
Can't wait till moon so I can bet big on fights and enjoy them 100x more with thousands of dollars on them

>>26438904
Actually some of it will be available to people participating in the system. It's important to get involved as early as possible.

https://www.youtube.com/watch?v=e1DLZmXjjYI

those steel reserves last night were not a good idea

>>26438892
No idea what makes XRP attract so many fudding trannies. They fucking seethe of the thought that people are accumulating while waiting for the lawsuit settlement. This is not exclusive to /biz/ either.
Pretty bullish if you ask me

>>26432714
but remember this is based on only the first #FLR deposit, which will be 15% of bag total to self custodians. then 3% per month for next 24-36 months. The 15% will be a ratio that must be converted in 7 days to redeem from a zero value coin to defi coin.

>>26439058
We are all going to make it.

so is Flare.Finance about to eat the entire financial system? Im wondering if DeFi will somehow replace the stock market. instead of going public, just hold an ICO. if the business needs cash, borrow from Flare loans. idk maybe thats too hopeful

>>26438948
I feel somewhat like a dick mentioning this, but VP is mid-level in banking (I’m somewhere between VP and director - I’m legal so the titles at my place are a little different).

Generally for international banks (including the Tier 1 US banks - JP, GS, BAML...), the titles go:

Analyst
Associate (or AVP)
VP
Director (or rarely, SVP)
MD
MD+ (Executive board, global heads, etc.)

That’s not to knock your mate - he’s about where I am - just temper your expectations maybe as far as how much power he has (so if he comes back with nothing, don’t panic)

>>26439183
theres a separate project about inserting assets on the xrpl blockchain
but yea defi will change the game entirely, f-assets are gonna boom

>>26439058
The tranny fears the schizo. The tranny is invested in the material world its all they have. They resist and fear the truth and project this fear and hatred onto the schizo. The schizo knows the material world is transient and he embraces the truth. The schizo looks beyond the veil and embraces the All. The tranny knows the schizo is happy and they hate it. They want us to be as miserable as them.

>>26437606
lol is he making fun of people talking about Mr Pool posting pictures that later get used in the news or whatever? that's funny.

>>26437800
>>26437755
checked and interesting

>>26437893
https://www.youtube.com/watch?v=h-d0Xfyt7so&pbjreload=101

>>26437970
>>26438180
lucky he happened to be in this thread and looking for replies mentioning him!

>>26438373
now there's an idea.

>>26438622
you too fren. we are going to make it

>>26438629
now that's a blast from the past, holy shit

>>26437543
wrong, you get 100% DFLR of your 15% FLR of your 100% XRP, not 100% DFLR of your 100% XRP

>>26439021
So this is an area I can add additional information. As part of the subscription agreement you have certain investor rights based on the class of stock (e.g. liquidation preferences, participating preferred etc).

The challenge with crypto startups is lack of clarity on how to value ICOs and tokens. What Tetragon is saying - They had a clause to mitigate this risk by obtaining a guarantee that xrp is not a security. Currently since no ruling has taken place, there is nothing Tetragon can do. They are simply hedging their bets in case XRP fails and pointing out they get first in line on bankruptcy proceeding (usually venture debts and bank loans are most senior followed by later stage VCs).

Good news: Nothing is in play currently as the court has not deemed xrp to be a security.

Bad news: A leading investor, one which probably has a board seat is unsure that XRP will win this case.

>>26439402
Pic related

>>26439283
Not offense taken. Just being honest on where this individual stands in the hierarchy.

My background is tech (founder/CEO). In our world its Cl-evel, VPs, Directors and so on.

>>26439402
This. Will have to buy some $ROPE calls for when XRP starts mooning.

>>26439541
Same reason why I have been telling you won't find shit, your position is nothing (assuming this is not all a live action role play, and seeing the thread, it all points to being just that)

>>26438948
Solutions architects know the big picture. I spent 20 years in governance architecture b4 stepping away 6 months ago and they/we are the ones the execs lean on for weaponized autismo.

Bags packed enjoy the ride fren. 0doubt, I have seen the rails.

>>26439476
So this would not affect XRP's availability in international exchanges?

heres hoping all indians sell
fuck you dikshit

>>26439541
Yeh, I’m aware that more broadly in the US, VP has a different connotation. I think the banks kind of cobbled together this hierarchy to try to standardise a bit across the industry and that led to some strange outcomes (eg, similar to VP for the US, a ‘director’ in almost any other UK industry has different - more senior - connotations that in banking.

>>26439021
This: >>26439476
Is bang on. It’s a contractual dispute and from what Brad has said about the terms of the contract, Tetragonal don’t have a leg to stand on. Essentially they’re alleging that the suit by the SEC confirms XRP is a security. But that ignores the fact that there’s a suit going on to determine whether the SEC is correct on that assessment.

It’s pretty much nothing - we’re exactly in the same place of waiting for the ruling.

>>26439471
this was posted by a mod of the Flare Finance telegram group, so idk about that fren. i thought the workflow youtube video about dFLR airdrop posted earlier in this thread agreed...remember you get 1 dFLR for every 1000 spark...not sure it would make sense for them to give you 15% of the dFLR, i think they are trying to get as many people using the platform as much as possible, as fast as possible, so it would make sense to me to give out 100% of the dFLR right away. i could be wrong

>>26439476
unless there's stuff going on behind the scenes, which, because i'm posting in a schizo thread, i'm required to speculate about

>>26439602
please tell me more about these rails

>>26439637
There should be no material impact at the moment. The clause only kicks in if XRP is deemed a security.

CEO thinking: There are two reasons why Brad would do this. A) He needed the money, things are no in a good place and he accepted these terms. B) XRP is already deeply embedded with the financial system that Brad feels it's a certainty and the clause is there to mitigate Tetragon's risk.

My question: Does SBI holdings et al. have the same clause? i.e. all investors in Series A, B, C regardless of their class also have this clause. If yes, then less concern here.

>>26439579
You never know - his mate might be able to find something out. Regardless of what level he’s at.
Hell, an analyst in the right role may know more than an MD.
Why the fuck would you have an issue with someone trying to find out more info for us? I’ve previously spoke to our global head of ops about blockchain and XRP (see above). Should I not bother doing so again? Or if I do, are you not interested in hearing if anything came of it?
Why be a cunt?

>>26439836
Because every faggot here that claims shit is live action role playing, no exception, until proven otherwise. You need to put on the same glasses as me.

so ive been going over the Flare/Finance videos and literature, and I havent been able to find out what they plan to do once all the YFLR and YFIN have been distributed. they say you can "earn" them by mining or providing liquidity or staking. but wont it run out eventually? is there any mechanism to recycle the YFIN back into their hands so they can continue to distribute it?

>>26439890
>You need to put on the same glasses as me.

>>26439836
Anon don't waste time on lowiq fags here. Even if we make them rich they will still seethe. Glad to see some based anons and quality posting still exists.

>>26439935

>>26439985
>>26439985
TRUST THE FLAN GUYS
I WILL VERIFY AND MAKE YOU RICH

>>26439602
Based reply. Will share the info.

>>26439919
perhaps that's where the governance function comes in?

>>26439890
He’s hardly claiming much is he? He’s said he has a mate in banking and will ask him what he knows.
He’s not saying he knows the moon date or that he has some special insight - just that he’s gonna ask around.
Ok, he thought the guy was more senior than he is - it’s an easy mistake to make given the different connotations of ‘VP’ on banking vs. US industry more broadly. But when I pointed it out, he just accepted it and moved on - he didn’t double down claiming that VP on this case meant something special. That should give you a hint that he’s (at least apparently) being genuine. Why turn away potentially valuable insight?
Christ, are you that broken by the larpers?

>>26440052
if you were to liken it to a government, then you'd have to tax the gains... but that aint happening. so you think people might vote to inflate the supply or something?

>>26440131
We will see.
Still a larp until proven otherwise, ad everyone else.

>>26439985
It was the November pump that did it. Pre-November endlessly crabbing XRP days were truly the heyday of XSG.

The repeated false hope has broken people.

its over guys, sell before its too late

>>26431973
Thanks my friend, I'm wishing the same for you

APPARENTLY THEY DELAYED COVID CHECKS CAUSE BIDEN ISN'T PRESIDENT
HE CAN'T DO IT

>wait till april
HASUHFAHTGY

>>26440337
yeah sure thing mate, source on that? thats right no source

>>26439602
>I have seen the rails.
You have to elaborate. As in THE rails? The rails for XRP set up at a bank? Or as in the rails we all see when we close our eyes?

>>26440385
ive seen the rails too and ive put all my money on xlm and algo, forget about xrp and buy the real chosen one

>>26437482
The only way you can buy is bitstamp ripple ious being sent to your Xrp address as cash then making the trade on the dex

I’m going to load up a couple bucks to play around with for fun

>>26438892
based department called, they said it's important.

>>26440528
You can also use coinbase to buy USDC then sent to Uphold, and then exchange for xrpies. Process takes around a week depending on your bank.

Another option is pic related:

>>26437606
>TO ALL TWITTERFAGS
>I MEAN, BASED TWITTER BROS
Can anyone with Twitter ask DS if he knows whether “Project Inthanon-LiomRock”**, used XRP?

**the bank of Hong Kong and bank of Thailand’s test CBDC settlement scheme, which the BIS are using as a base for further testing including testing a multi-currency bridge. R3 were involved, which suggests XRP was used but they never mention which coin (if any) they actually did use.
(Also, the fact that they don’t mention a coin suggests they might be worried about affecting price, which suggests a live coin... like XRP)

>KEEP POSTING THIS UNTIL SOMEONE ASKS HIM
>KEEP ASKING HIM UNTIL HE REPLIES.

>>26440528
I can buy on coinjar just fine

>>26440631
Takes me like 15 seconds

>>26440631
anyway to do this with paper wallets?

>>26440787
On coinbase, after buying through bank funds, you HAVE to wait 6-7 days for the funds to be eligible for transfer to anywhere else. You will see them sure, but can't do anything except hodl. If I'm wrong feel free to correct me, talking about if you're living in the states.

>>26440848
Sorry, can't help you there. I am still not 100% sure on how paper wallets work. Maybe wait for someone with more knowledge in the matter.

>>26440880
Takes less than a minute for my bank transfer to be available funds on my exchange, then a few seconds to buy ripple.

>>26440848
You don’t keep usdc on a paper wallet. You buy Xrp with it wherever you please and then send to the paper wallet address.

>>26440999
Iunno mate, maybe you're on a watchlist and get special treatment.

>>26440999
Yes dummy but you have to transfer that off platform to another exchange

>>26441091
No I don’t. I can buy ripple directly on the exchange.

>>26441154
We are talking about coinbase. You cannot buy ripple there. That perhaps is the confusion.

>cuckbase
Lel

>>26431973
It's a blessed thread indeed.

>>26431973
Thank you, fren.

>>26439058

>>26441598
Top kek

>>26441598
>>26439058
>>26438892
>/xsg/
in the infinite narratives that exist in clown world there only exist one single place that any person who chooses to ignore them all would wind up
and in that place
they're the ones pretending like they're the clowns to keep the psychopathic mentally ill too scared and too locked in from their fear conditioning to ever see through the ironing of it all

>>26440631
I dont want to give bitstamp my ssn

Every day feels longer than the last.

>>26432095
KEK id has spoken. The age of feminism is over. >The age of RAPE has begun.
I'll be doing my part in the new world order I hope you will too anon.

>>26442753
Same, I'm experimenting with every other option, still got to wait a few days to fully move my assets. A driver's license is more than enough, fuck that giving away SS

>>26442782
Even when we make it, we will become more schizo and paranoid because of all the freetime and transparency of data on the blockchain.
>You will always be watched.

>mfw it's crabtime

>>26442897
>Implying the IMF isn't already watching all the schizos in the comfy /XSG/ bubble already.
Don't even trip, dawg.

>>26442959
>crab

>>26443052
ZE NIGGERS ARE HOLDING ZE ZERPEES!

>>26443168
DOOdodoDOdoDoooodooooooBUUUUUUUbubububuBUBoboobububobubuubuuuuu

I held my xrp on my ledger then sold most of it before the crash. Buying back in now. How do I get my flare?

>>26443251
IOUs and LTC airdrop.

Could Mr. Pool's 16, 21, 30, or 1+6, 2+1, 3+0, refer to 07/03/21?

Whens it gonna hit 2k cunt

>>26440734
says here it's ConsenSYS/ETH
Another project is a Multiple CBDC bridge for cross border fund transfers and real-time atomic settlement of foreign exchange transactions. It also plans to create a prototype for a cross border corridor network. This is an ongoing initiative based in Hong Kong which builds on the work between the Bank of Thailand and Hong Kong Monetary Authority called Project Inthanon-LionRock. CryptoBLK was previously the partner on the Thai side using R3’s Corda. But for the latest Inthanon-LionRock iteration, ConsenSys is working with both sides using Ethereum.

https://www.ledgerinsights.com/crossborder-cbdc-dlt-projects-central-bank-innovation-hub-bis/

>>26442959
David please turn off the bots

>>26432335
What is gate?

>>26443317
March 7th, don't people in the EU use day/month/year orientation?

>>26443346
Unironically never

>>26443754
>>26443346
Next week check em

>>26438427
Who is 33m anon? Got a link to his thread?

>>26443578
Smart and good kids smarties party.

>>26443578
talented and gifted education, where they took certain kids out of regular class in elementary school once or twice a week and put them in special classes, the speculation is that the feds were using those classes to test for psychic powers or some shit idk

>>26443816
He did an "insider" thread yesterday. Was good cope. Check the archive

xsg pls I'm dying over here.

>>26444811
dont worry xrp is dead too

>>26444811
yes fren?
>>26444223
>>26443816
word is beginning to spread in the halls of power
https://twitter.com/truthseek33/status/1352756325298696195

at least there's good Flare content out the last day or three

https://www.youtube.com/watch?v=kqa4dM1kbEA
https://www.youtube.com/watch?v=kqa4dM1kbEA
https://www.youtube.com/watch?v=RqJogN1U9Ok
https://www.youtube.com/watch?v=INXGJ7a6ZB8
Eri has been working so hard lately...i hope she takes some time to rest and maybe caress herself gently in bed? just kind of slowly circling her nipples and increasing pressure until a small moan escapes from her mouth? and then wetting her fingers and carefully slipping her fingers beneath the elastic band of her underpants? maybe like that? she deserves to treat herself. she works so hard...

what i'm trying to say is: Flare and Flare Finance are pretty complicated- while we go through this quiet and uneventful and stressful and uncertain time, take an hour or three to educate yourself on upcoming opportunities

>Why was 33 mil anon against ledger/trezor?

Are they gonna exit scam after switch flip?
or
Are they gonna get sued, cancel updates, then let the app itself get hacked?

Guess I'll setup el complicado tails like Mansur suggested, but shit... Spent a few hundo on some overpriced firmware that already leaked my infos to the pajeets.

I need to know if you have a Binance.us account can you convert USDC to XRP? Because you can't buy XRP anymore.

>>26445026
Great now xrp is a racist kkk coin

>>26445026
seeing 4chan on twitter is pretty cringe

>>26445160
where was he against ledger?

>>26445160
Store some on xumm but honestly somehow it all feels like a scam or some clown will somehow get access to me coins.

>>26445323
wasn't me that put it there

>>26445295
how do you figure?

>>26432018
XRP THE STANDARD!!!!

>>26445470
Because twitter normies are faggots and will associate 4chan with white supremacists and then they will try to connect the dots that racists own xrp.

>>26432397
WOW, XRP THE STANDARD!!! 589 $ IN 24 HOURS AND 2K EOY!!!! OMG...

>>26445382
Xumm's insurance policy announcement of $50 didnt sound too comfy, anon.

I understand the absolute safest way for storage is a paper wallet generated w/ tails, but I just don't understand how small transactions are made from it.

The best wallet IMO is the NGRAVE, but many anons have said anything that is proprietary and not open source is doomed.

>>26445693
We're all just going to get robbed aren't we?

Prediction: Ripple suffers a huge loss in the lawsuit, they are ordered to market sell their XRP. price goes to 1 cent on the news, XSG is vacuuming it up, when the selling drives it down to .0001, the fed annouces that XRP IS THE STANDARD and the comex rule halts trading until it well into the 4 digits

>>26445362
See pic. Mansur said similar.

Polysign is only for rich boys.

>>26445753
(((They))) want us out. Must be smart boys to make it.

>>26445833
>>26445362

Oops

>>26445780
this is dumb as shit my dude and makes little to no sense chronologically

new thread
>>26446009
new thread
>>26446009
new thread
>>26446009

>>26445833
>>26445861
why's he against hardware wallets?

>>26445861
right, so he actually did recommended ledger, or keeping off exchange >>26339966

>>26446039
>he
>implying it wasn't just someone from this thread larping

>>26443317
Those might be years.

>>26434914
Get a loan. If you're a burger, you got a week.

>>26435900
She should purple eyes, Anon. Purple is XRP's color.

>>26446863
>you got a week
Is that the newest meme date?

>>26431973
Blessings fren

>>26445026
Ah man I'm cringing right now.

>>26440734
If it's Hong Kong, are you sure the spelling in the name of the project isn't 'lionrock'?

Anyone have that twitter screenshot of souljaboy asking how to buy XRP?