/XSG/ XRP Schizo General #106

[Anonymous No.23441971]

Angel Magic edition

>Flare snapshot date - December 12th 2020:
https://flare.ghost.io/claiming-spark-faq/
https://flare.xyz/supporting-exchanges/
https://flare.wietse.com

>Past /XSG/ threads
>>/biz/?task=search2&ghost=yes&search_text=&search_subject=xsg&search_username=&search_tripcode=&search_email=&search_filename=&search_datefrom=&search_dateto=&search_op=all&search_del=dontcare&search_int=dontcare&search_ord=new&search_capcode=all&search_res=op

>UHNWI aka Mellon:
>>/biz/thread/S16595583
>>/biz/thread/S17266853
>>/biz/thread/S17914598
>>/biz/thread/S18102776
>>/biz/thread/S18417446
>>/biz/thread/S19283439
>>/biz/thread/S19919081
>>/biz/thread/S19980410
>>/biz/thread/S20098041
>>/biz/thread/S20429829
>>/biz/thread/S20720991

>Kendra Hill:
https://threadreaderapp.com/thread/1189356847117033484.html

>Other Insider:
>>/biz/thread/S17203568
>>/biz/thread/S19464720

>Other Other Insider:
>>/biz/thread/21924286#p21931998

>Bank of Canada Insider:
>>/biz/thread/S20806161

>Conference Anon:
>>/biz/thread/S21274558

>33 million XRP anon:
>>/biz/thread/S21485221

>Judy Shelton (Trump Fed nominee):
https://www.cato.org/cato-journal/springsummer-2018/case-new-international-monetary-system

>The Myth of Market Cap:
http://galgitron.net/Post/The-Myth-of-Market-Cap---Version-2

>Twitters:
https://twitter.com/BabaCugs

>What wallet do I use?
There is no right answer for this. Mostly personal preference and security vs. convenience.
Hot storage (with Spark support) - XUMM or Exodus.
Cold storage - Ledger/Trezor or Paper/Metal Wallet

[Anonymous No.23442006]

>>23429158
>>23429158
previous thread

[Anonymous No.23442049]

Ids habbeding!!!
20p soon frens.

[Anonymous No.23442051]

XRP achieves regulation in Mexico:

https://twitter.com/XrpYoda/status/1319278174283337729

[Anonymous No.23442071]

I'm out, bye

[Anonymous No.23442080]

IBM announces partnership with R3 Corda (Ripple partner)
https://twitter.com/LedgerInsights/status/1319227913938604032

(this is big and was just announced like 2 hours ago, ids habbning)

[Anonymous No.23442106]

>>23442049
Glad you're here 20 pence Bonganon. I'm waiting for £1,521 eoy.

[Anonymous No.23442113]

https://twitter.com/XRP_OWL/status/1319035215180910593

R3 and the International Swaps and Derivatives Association basically just confirmed that digital assets ON LEDGER will be used in derivatives transactions. $650Trillion market

[Anonymous No.23442127]

>>23442080
Big for XRP or big for stellar? IBM is XLM. I have a stack of stellar I could trade for xerps, but am unsure.

[Anonymous No.23442184]

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[Anonymous No.23442194]

David Schwartz gave a talk at Berkeley about XRP's utility and the coming ecosystem of CBDCs, it's worth a read:
https://pastebin.com/zAAB9Hu3

note the file size and date (talk was given on 10/19 but he wrote it as 11/19 as a 'typo')

what a riddler he is

[Anonymous No.23442195]

You know my diamonds frozen
You know my pockets loaded
You know my diamonds frozen
You know my diamonds frozen
You know my pockets loaded
You know my
My diamonds, they frozen
Ooh, pockets loaded
Diamond chain, they glowing
And they showing
Money on my thoughts
Watch me blow it
Count shit when I ball
That you can't afford
Loaded, loaded, loaded, loaded
Loaded, loaded, loaded, loaded
Loaded, loaded, loaded, loaded
Loaded, loaded, loaded, loaded

[Anonymous No.23442199]

>>23442106
>Glad you're here.
You too fren.

What kinda bong are you? (Anglo-bong, Scots-bong, etc.)
Scot-bong reporting.
Gonna fund a new BUF party when I make it.

[Anonymous No.23442243]

>>23442127
yes.

[Anonymous No.23442267]

>>23442195
fun thing i realized recently: Lil Uzi Vert --> Lu Ci Fer if you say it fast

[Anonymous No.23442297]

>>23442080
R3 also partnered with ISDA so all derivatives smart contracts will go through R3. Not announced as far as I’m aware.

(ISDA also tied to a company called Digital Assets (DAML.com), though I don’t know much about them)

[Anonymous No.23442344]

>>23442199
>What kinda bong are you?
Pic related and checked.

[Anonymous No.23442388]

>>23442127
Keep Both xrp digital gold xlm digital silver now stop being an IQ level nigger and keep up

[Anonymous No.23442391]

>>23442267
I believe this, he did say he sold his soul

[Anonymous No.23442419]

>>23442113
Not entirely accurate. They’ve looked at:

-Smart contracts on DLT

-Smart contracts with representative collateral tokens (where collateral is required). Representative in this case means no actual value to the token - they represent real world assets that are transferred separately.

-Smart contracts with token collateral that has actual value.

“Derivatives transactions on ledger” doesn’t really mean anything. derivatives transactions are concerned with payments tied to specified events or dates. They payments will continue to be in fiat or (eventually) CBDC.

[Anonymous No.23442432]

What is /XSG/ cosensus on paper wallet ir the only thing that i trust

[Anonymous No.23442481]

MORNING GENTS! How's your dead shitcoin doing today!?

[Anonymous No.23442492]

>>23442419
>this is bullish for chainlink

[Anonymous No.23442501]

>>23442492
Kek

[Anonymous No.23442552]

>>23442344 (Checked)
Sick.

You remember the "bong anon from the future, who made it" a few threads back?
He posted a pic of a Ferrari; it was some sports car; with the rear lights having the Saltire flags on them. IIRC the reg plate was XRP related as well.
I was away from the thread all day working, and when I got back the thread was at the bumplimit and everyone moved had moved over to the new thread so I couldn't inquire or let the thread know.

I don't believe in all the esoteric bullshit the other anons post, but I often wonder if it was future me.
Don't believe me? Go check a few threads back.

[Anonymous No.23442596]

>>23442552
Also I'm away on a drive for a while, so if we make it to 20p while I'm away I'm relying on one of you lads posting it for the thread.

[Anonymous No.23442663]

is taking a loan to buy more reasonable, anyone done this?

[Anonymous No.23442687]

>>23442432
Good question! Im about to send my stack to a wallet but not sure if im gonna use paper, xumm or exodus.

Someone who know how to register for flare with a paper wallet?

[Anonymous No.23442692]

X r p

[Anonymous No.23442697]

Does anyone know where you can buy the r3 corda xdc token?

[Anonymous No.23442743]

>>23442697
Its not this one? https://www.coingecko.com/en/coins/xinfin

[Anonymous No.23442760]

Filter check my zerps

[Anonymous No.23442763]

>>23442419
To expand on this:
Currently, when collateral is required (whether by reason of regulation or credit):

-Mostly cash is posted. EUR/USD mainly.

-Occasionally securities posted (G10 govvies being the most common, though you can sometimes have agencies)

Where we have moved to CBDCs, there would be no need for a token to represent value.

Where we are talking fiat, there could be some use, though given the current standard is same day transfers, it may not be thought of as necessary

Where it’s securities: in the short/medium term, parties could only (in my view) consider using a representative token, because you derive your credit comfort with securities as collateral from the issuer. So I’m happy with USTs because they are backed by the US. I can’t get comfortable that I’m collateralised Until I have the USTs in my account, so it’s hard to see that a value token would work unless that value token was backed by the US, not does a representative token work because I’m waiting on actual delivery of the security anyway.

In the longer term, I believe we would have both CBDCs and digital government bonds, which is where the ‘on ledger’ collateral really starts to play.

As far as ‘derivatives on ledger’ though: it’s kind of a meaningless statement.

[Anonymous No.23442858]

>>23442663
Depends on if you can afford to pay it back if you lose all the money.

[Anonymous No.23442909]

Cuckbase down! Cuckbase down! I repeat Cuckbase is down!

[Anonymous No.23442954]

>>23442909
Might just be your shitty third world internet mate

[Anonymous No.23442986]

>>23442858
you think that's possible? I could over time depending on the amount, but if it literally went to 0, it obviously wouldn't be great.
Seems like very little downside though.

[uk No.23442988]

>>23442243
>>23442267
>>23442194
>>23442051
bless you baker. and thanks for sharing the images. you do great work. love you all.

[Anonymous No.23443037]

>>23442954
>Thrid World Internet
Third world internet doesnt have gigabit speeds do they?

[Anonymous No.23443056]

>>23442986
Never speculate with money you aren't comfortable with losing without grief or hardship. Granted, XRP's stability allows you to kinda treat it like a fucked up saving account but by the same token if you aren't completely comfortable with shitting that money away then you shouldn't be spending it.

[Anonymous No.23443116]

SOON

[Anonymous No.23443211]

>>23442763
Some 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)

So as far as collateral, those are the numbers we’d be dealing with (not “640trn”)

(2019 figures)

[Anonymous No.23443229]

>>23442743
I dont think so, im talking about this.

https://www.coindesk.com/r3-corda-network-xdc-token-cordite-society?amp=1

[Anonymous No.23443263]

500 USD BY APRIL 2021

[Anonymous No.23443365]

WERE GONNA FUCKIN MAKE IT

[Anonymous No.23443372]

>>23442071
Bye
See you at ath

[Anonymous No.23443400]

GOYS!!! I JUST SAW THIA ADVERTISED ON MY INSTAGRAM STORY FEED WTF

[Anonymous No.23443401]

Isn't it exciting seeing the bitcoins prices rise.

[Anonymous No.23443445]

>>23442267
Be careful saying things fast. Literal schizo territory. Its better to be ignorant then crazy.

[Anonymous No.23443448]

I've made 25 dollars on the investment I made yesterday. Suck it wagies

[Anonymous No.23443483]

>>23443400
*this
Pic related is what comes up when you swipe up to learn more. Talks about Thailand’s Azimo $6.8b remittance market moving on to ODL (XRP)

[Anonymous No.23443499]

>>23443445
it's that people will talk and do those things and NOT notice is the dangerous thing.

[Anonymous No.23443517]

>>23442663
If we are right about this anon, a measly $3K investment will be A LOT of money one day. Dont get greedy and fuck your life up when you really dont need to.

[Anonymous No.23443538]

we need to pump past 30.5 cents and hold it by eom, otherwise we're stuck in purgatory for much longer.

either bullish news is released very soon, or xrp will continue to be a dead shitcoin.

[Anonymous No.23443539]

WHOAAAAAA 01.5 cent pump in the last 2 days WHOAAAAAA 2K EOY :^)

[Anonymous No.23443544]

>>23442760
You're missing link

[Anonymous No.23443563]

>>23443448
Those are rookie nunbers, you got to pump those up.

[Anonymous No.23443566]

***Attention***
pic related is when XRP moons

[Anonymous No.23443587]

[Anonymous No.23443599]

>>23443400
Bearish
They should be saying "ripple is going to be the on/of ramp for all the worlds money and like $2000 eoy

[Anonymous No.23443654]

>>23443566
Forgot Pic

[Anonymous No.23443667]

>>23443654
look below, fren

[Anonymous No.23443699]

Tired of being broke. I just want to make it so I can free my mom from a marriage she cannot leave due to laws forcing to take half of the debt upon divorce. She never even spent a penny of that debt.

I also want to buy a house for myself and develop a skill on my own since I feel like I missed out a lot on my teenage years due to abuse and trauma.

Fuck this hell of a life. I hope my measly 1k of XRP will be enough. I'm definitely buying more as well as other coins

[Anonymous No.23443707]

Natty deer says I will be rich must mean XRP will moon

[Anonymous No.23443831]

>>23442419
>>23442763
thank you for the clarity, i should have added that it is just speculation that this might be tied to Ripple/XRP token in the future but it gives an idea of the scale of possibility

[Anonymous No.23443864]

>>23442988
checked and thanks mane i just enjoy spreading the good word yknow

[Anonymous No.23443871]

> MUH SWITCH

can someone give me an explanation on how and why it will suddenly 3k some eoy? will the ripple network be suddenly accepted to be used as infrastucture for all global transactions or everyone suddenly understand its' importance? what happens in real life banking etc. that will cause the increase? i want to believe... but can only afford to go to a few k xrp.

[Anonymous No.23443898]

>>23443483
when i see the words On Demand Liquidity I get so fucking erect bros

[Anonymous No.23443919]

>>23443587
i believe this is what Baba Cugs' "Phase 3" refers to (and the BRICS summit for around the same time)

[Anonymous No.23443964]

>>23443211
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 (unless rates go completely haywire).

[Anonymous No.23443990]

>>23443871
It won’t. Most of this thread is filled with literal teenagers.

[Anonymous No.23443999]

>>23443667
You mean here?

[Anonymous No.23444034]

>>23443990
I'd like to dispute this fact, but given what's been posted about anon plans for their sudden change in socio-economic strata I'm inclined to agree that there are a lot of underaged posters and larpers.

[Anonymous No.23444086]

>>23443999
OOOOOOOO

[Anonymous No.23444091]

>>23443871
I have to admit that I am completely ignorant about finance and cryptocurrency. I think some people think that XRP is going to be used in a huge number of transactions around the world which will make it valuable for some reason. Imo it probably won't get that high especially not by eoy. The reason I am here is because it feels a lot like Chainlink just before it took off. I watched it go from under a dollar to 4 dollars really fast. Of course I missed out because I've never made a correct decision. A lot of people are talking about XRP and whether it is actually useful or not, the price might increase just by hype alone.

[Anonymous No.23444092]

>>23443871
There’s is already a digital yuan, but what happens when a digital dollar and a digital euro are rolled out? Do you think they’ll just transfer each other their native currencies? No. There needs to be a bridge asset, and XRP has been aiming successfully to be that before the tech is even rolled out completely. That’s literally it, that’s the summary of muh switch flip. It’s up to you to look at the partnerships and developments.

[Anonymous No.23444094]

>>23444034
Personally when I post my plans I'm larping.

[Anonymous No.23444120]

>>23444034
>>23443990
The Great Reset/The Fourth Industrial Revolution does not imply moderate transfer of wealth. A high price is needed to handle the volume of interbank CBDC movement, as per Schwartz himself. There's hopium, but it's not unfounded.

[Anonymous No.23444141]

>>23443919
All the banking regs after 2008 were agreed first by the G20, then decided upon (in consultation and via recommendations) by the BIS, then implemented by the various nations.

G20 summit is Nov 21/22. I’ve got high hopes for action around that. Hoping for them to officially agree to work towards CBDCs and a common framework for CBDCs and then for the BIS to say CBDCs should use a bridge (and that bridge should be XRP :)

[Anonymous No.23444272]

>>23444120
Don't mistake me agreeing with the idea that there are some underaged, immature posters in thread with doubting the XRP project. Those are separate evaluations. Just like how the religious larping and extreme schizo stuff has nothing to do with my decision to invest in XRP. I'm just saying that there are people here who are pretty young and will likely, statistically, make horrible decisions with their new found funds and turn their wealth into a cautionary tale.

All this assumes that we do see something like a 2k eoy / feb jump. I'll admit some skepticism on the timeframe, but I'll likewise admit both to hoping for it and a willingness to ride out the investment for a few more years at least. The coins stability makes the investment revenue neutral, at least, whereas something more volatile like LINK would make me more cautions about a long term hodl.

[Anonymous No.23444333]

>>23444272
Reasonable. Hope we make it, anon.

[Anonymous No.23444382]

>>23444333
So do I, double-trips. I could really use a change in fortune.

[Anonymous No.23444388]

I got 26k xrp, will I make it ?

[Anonymous No.23444392]

>>23444333
DOUBLE TRIPS OOO

[Anonymous No.23444427]

20P NOW BOYS

[Anonymous No.23444436]

>>23443699
same

[Anonymous No.23444443]

>>23442760
What plugin is that?

[Anonymous No.23444482]

Reminder that an anon in the previous thread found unprecedented JPY volume being moved on the XRP ledger yesterday. Similar looking to the volume being moved in USD the 17th. BoA and SBI testing?

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

[Anonymous No.23444497]

Anyone else here not care about being rich and more cant wait to bully every single fudder off the board?
You guys better not disappoint me. I am going to be spamming my gains for an entire year in every single LINK, RSR, RLC, etc thread on the entire board.

[Anonymous No.23444533]

>>23444482
That made me so hard. USD, JPY. Testing in more currencies to come?

[Anonymous No.23444776]

We be pumping bois.

Sold off muh trading XPRs at ~$0.2620 and aiming to buy them back when XRP crabs back down to >$0.245x

[Anonymous No.23444807]

>>23442388
Shameless self dub check

[Anonymous No.23444974]

$2k

Bruce Wayne: 4.5 Million XRP

Oliver Queen: 1.5 Million XRP


$10k

Bruce Wayne: 900,000 XRP

Oliver Queen: 300,000 XRP


I hope your stacking biz, we are the only hope left on this forsaken place

[Anonymous No.23445003]

>>23442697
>>23442743

you can buy XDCE from ethereum exchanges like idex or uniswap, its the ethereum version of the XDC, however, if you want to change it to XDC you need to swap it in supporting exchanges like alphaEx but you need to KYC before withdrawing.

i bought mine from idex and transferred it to XDC in alphaex, XDCE and XDC prices correlate 1:1 however i still want to hold the natice mainnet token instead the ethereum one.

[Anonymous No.23445033]

MOMMY NEEDS NEW HOUSE

[Anonymous No.23445157]

>>23445033
DADDY CRAVES MORE STEROIDS

[Anonymous No.23445218]

I went bullish AF on Injective Protocol, it's not yet there but you can see the growth. $INJ now has a market capitalization of 4.3621. This was part of the plan and I can only anticipate what the future holds for this DeFi coin

[Anonymous No.23445262]

Why can't I reply to the OP?

[Anonymous No.23445281]

11/20 was the last meme date Mellon gave us.

[Anonymous No.23445301]

>>23445033

don't any of you people have fathers too?

[Anonymous No.23445348]

>>23445033
That guy's nuts must be like raisins at this point.

[Anonymous No.23445443]

I've posted fucking 5 times and every post doesn't show up. Wtf is going on?

[Anonymous No.23445470]

>>23441971
test

[Anonymous No.23445542]

>>23445443
sounds like you might be gay
sick palindrome get tho

[Anonymous No.23445585]

>>23441971
Hope it moons to $1000 but I'm not going to sell either way

[Anonymous No.23445617]

>>23445262
Newfags banned from replying to OP

[Anonymous No.23445654]

Anyone catch this?

[Anonymous No.23445678]

>>23444388
How does $50 million sound anon?

And nice digits fren, and checked.

[Anonymous No.23445680]

>>23444497
This is #1 on my priority list. I want to salt to be palpable. Call me petty but they have it coming.

[Anonymous No.23445766]

>>23445654
Typical Cugs.
>I know I'm just not telling
>That way I can never be wrong

[Anonymous No.23445796]

>>23445003
Thanks fren!

Never heard about AlphaEx. Strange choice of exchange for such a project. Thinking of changing my ARK bag for Algo and XDC. So tired of that hold...

[Anonymous No.23445905]

>>23445654
Baba is like anti-hopium at this point to me.
>I know when it is
>figure it out
>it's not when you thought
>you'll see
>baba always wins
JUST

[Anonymous No.23446010]

>>23445905
Hes a larding faggoid.

[Anonymous No.23446065]

>>23444443
>>23444444

[Anonymous No.23446209]

https://www.youtube.com/watch?v=h6SA_ln0ExA&feature=youtu.be&t=447

seethe harder

[Anonymous No.23446363]

>>23445766
>>23445905
Okay but what do we have to go off of? Is there something or some date we know that could be moonshot? We know mellon gave us Nov 20th

[Anonymous No.23446467]

>>23446363
I'm not hung up on a particular date. November would be nice, but I'm unfuddable until, say, February.

[Anonymous No.23446499]

>>23441971
An op-ed from the head of the BIS innovation hub:

https://www.bis.org/speeches/sp201021a.htm

>” By the end of this year, we plan to publish our first wholesale CBDC proof-of-concept with the Swiss National Bank”

Am I right in saying the Swiss were working with Ripple? I seem to remember that as the case, but don’t know where I saw it.

[Anonymous No.23446518]

>>23446499
>Am I right in saying the Swiss were working with Ripple? I seem to remember that as the case, but don’t know where I saw it.
Checked
https://www.crypto-news-flash.com/ripple-swiss-banking-giant-connects-to-ripplenet/

[Anonymous No.23446585]

>>23446518
Literally cooming rn

[Anonymous No.23446654]

>>23446363
Don't worry about dates so much dude. I don't buy the single day switch flip story. No one has really been able to explain a mechanic for it that I know of. XRP is gonna melt fucking faces but I see a more gradual climb. Unironically that will be a much bigger shakeout than a dip and flip.

[The Garlicman !L9WPBDIfEs No.23446731]

>>23442344
simple as

[Anonymous No.23446859]

Here is some stuff I have found. I'm not the guy to analyze it or tell if it's important. Maybe you guys have already seen this, it's about CBDCs

https://www.bis.org/speeches/sp190322.pdf
https://www.bis.org/speeches/sp201021a.htm
https://www.youtube.com/watch?v=mADP5AdcuSM

Are you guys watching what this organization is doing? BIS, Bank for International Settlements. Seems important to XRP

[Anonymous No.23446943]

>>23446654
If we go by his logic he said that everything was going to happen in phase 3 right?
Phase 3 starts in November?

[Anonymous No.23447004]

>>23444497
I have posted this same thing before and you guys called me cringe.

[Anonymous No.23447018]

>>23445281
This. 11/20 is the date I’m waiting for. Scary to think it’s next month but it’s is election year.... idk why most anons don’t read the past thread probably the biggest little bit of info in those threads.

[Anonymous No.23447024]

>>23445654
well nothing is gonna happen in november, Its all so tiresome

[Anonymous No.23447034]

>>23446943
Yeah I mean if you want to believe a larping canadian manlet playing with daddys money.

All jokes aside though, utility-wise, seems like a moon is imminent. And by that I mean 1 - 6 months? You gotta understand, so many "riddles" have been making eoy predictions for three years now (cugs included), the dates always change and they find a new way to rationalize it

>you just didn't understand the code, low iq

My ass

[Anonymous No.23447067]

>>23444497
>>23447004
It’s not cringe, I’m sure we all think this. I can’t wait to shit on these retards and post screenshots. /XSG/ #273: Apology edition #38: where are they now?

[Anonymous No.23447106]

>>23447034
XRP will moon but dates are FUD. Nobody could possibly know.

[Anonymous No.23447168]

>>23446654
The only mechanic that would make XRP able to hit $2k instantly would be to peg it to an assets worth that much. I thought it was a joke until an article came out earlier this month with Gold prices were on that rise... gold is sitting just under $2k.. I feel like it’s coming I just can’t fully process it.

[Anonymous No.23447180]

>>23447106
Well some people definitely know but they probably have better things to do than larp on Twitter from their iPad all day.

[Anonymous No.23447223]

>>23446859
I would go further anon. In my view they will prove to be THE key organisation for ripple.

[Anonymous No.23447233]

>>23447168
I keep hearing this but my question is HOW mechanically speaking. How do you peg the price of the token to an external value.

[Anonymous No.23447327]

>>23447233
To be honest I’m not entirely sure. Some one must know. Other than them saying publicly we need this to be X value in order to move this

[Anonymous No.23447366]

>>23447168
Heavy daily liquidity would achieve the same end result. XRP doesn't need to be pegged for that.

[Anonymous No.23447486]

>Just $250 away from my goal of 10k Zerps

I don't get paid again until Nov 5th. Might just take out 20 LINK and be done with it, but I have a nice 301 LINK stack too and that would ruin the 300 Spartans meme.

Regardless, WAGMI

[Anonymous No.23447524]

https://home.treasury.gov/news/press-releases/sm1160…


Baba is right again

[Anonymous No.23447550]

>>23447524
>Page not found
What did Baba mean by this?

[Anonymous No.23447576]

>>23447550
https://home.treasury.gov/news/press-releases/sm1160

Try this?

[Anonymous No.23447605]

>>23447550
Don't put the dots

[Anonymous No.23447611]

>>23447576
>>23447605
Got it. Didn't notice them.

[Anonymous No.23447645]

>>23442687
Use XUMM fren. Very comfy.

[Anonymous No.23447688]

>>23442687
I am using second phone for xumm. Xumm is the only app installed on that phone.

[Anonymous No.23447757]

>>23447688
Is that for security reasons?

[Anonymous No.23447887]

>>23447576
Oooooo
>>23447605
This...

[Anonymous No.23447914]

>>23447233
Simply make it worth X amount of precious metals when you go to your new fedbanks, the post office. It is not mechanically linked, they'll just give you that much gold for it because that's the price that they set for it due to them needing XRP as the fuel to maintain the transition from the old system into the new crypto system/autonomous revolution.

[Anonymous No.23448076]

>>23447233
>>23447914
How about the BIS or similar simply say: we need a bridge currency and believe XRP works. We would price it at [x]. If banks get that message, that’s be the price. No fluctuation, just straight up [x].

This may be easier also if they start providing liquidity on bank-only exchanges. By cutting out retail, they would be able to avoid speculation and just set the price.

[Anonymous No.23448411]

>>23448076
Yes.

[Anonymous No.23448459]

>>23448076
This aligns with what I'm thinking. Essentially they say any bank using the ripple system will be purchasing the xrp token for 2k.
Don't want to pay 2k? Can't use the system.

[Anonymous No.23448651]

Newfag. Apologies I am retarded. Do I need a ledger to claim flare if I use the Xumm app? Are they seperate things?

[Anonymous No.23448714]

>>23448651
https://www.youtube.com/watch?v=Ca67uojLy2w&t=609s

[Anonymous No.23448978]

>>23448076
That would make the whole switch thing make more sense.
Tell everyone thats its 2k whether they like it or not. And if they dont, they cant use it

[Anonymous No.23449061]

Xrp isn’t seeing four digits every holy fuck you people are retarded.

[Anonymous No.23449088]

>>23449061
2K EOY

[Anonymous No.23449093]

>>23449061
Ok thanks for stopping by! Good luck out there with whatever you are investing in!

[Anonymous No.23449098]

>>23449088
checked

[Anonymous No.23449113]

>>23449088
Checked.

[Anonymous No.23449171]

>>23448978
Yes but no...... THEY WILL BE PURCHASING IT AT THAT PRICE SET BY THEMSELVES. So it will go up because of main game being expanded with the crypto DLC that'll eventually overtake leaving the "old system" desolate. This requires major liquidity. That the banks don't have like they did in the old system because they printed themselves into a corner of futility. So XRP, will provide that elixir of sending value the fastest, the cheapest into the new system in a way that will be a level playing field for the world.

[Anonymous No.23449188]

>>23448651
You don't need a ledger, you can just use the xumm all. Use the wietse link in the OP

[Anonymous No.23449230]

>>23449188
Checked.

[Anonymous No.23449265]

>>23446363
mellon never said nov 20 is 100% moon
he said he heard nov 20 something happens

[Anonymous No.23449297]

>>23449088
checked

[Anonymous No.23449309]

>>23448076
I guess that's what I am getting at. How do you set a stable price on a publicly traded token. I don't think it's as simple as someone saying "Well it's worth XXXX now." Like I don't know if they have that level of control over a decentralized token on a public ledger. Especially with DEXs popping up everywhere.

[Anonymous No.23449319]

>>23449061
I know, it's actually 8 digits.

[Anonymous No.23449363]

>>23449309
If anyone does have a good article or answer to this I would be super appreciative. It's the one part of this "switch flip" proposition that really aggravates me because I haven't seen any really convincing explanations. IMO we are more in for a slow rise to a self discovered price by utility throughput on the ledger.

[Anonymous No.23449368]

>>23449265
Ah okay. So November 20th something is supposed to happen.
Baba keeps pointing his finger towards 113, 1113, 11/6, 11/9 and what ever else I forgot to add.
Correct me if I'm wrong but he said 11/9 was when we enter the new world. The Mayflower landing.
Assuming the new world means the new payment systems, XRP would have to be at that set price before we enter the new world. No?
Just trying to keep my mind from running at a million miles an hour

[Anonymous No.23449382]

>>23449363
And by "slow" I mean slower than instant lol. It could very well happen fast as fuck like 2017

[Anonymous No.23449417]

>>23449368
i dont know, from reading what he said he kinda just threw the date out there because he heard something, i wouldnt rely on that date mellon gave

when it comes to 113 i have no clue

[Anonymous No.23449436]

Anyone hear the podcast with Mr C today? He all but confirmed that the private sector will be handling all the payment tech infrastructure. Totally undermines the fudding clowns who think Ripple will be superseded by central banks.

[Anonymous No.23449470]

>>23449436
Link??

[Anonymous No.23449481]

>>23449417
Thinking about it he said that 11/13 is important but no moon date.
Would it be 11/3? The elections?

[Anonymous No.23449486]

So I am mostly onboard with all of the stuff about XRP, but what does the spark token have to do with it? Is it just some kind of promotion for the launch of a new crypto? Or will it also be important in the future?

[Anonymous No.23449491]

Hmm I was just watching this vid on YouTube. Channel has nothing to do with Crypto nor XRP yet he mentions that if Trump will win that they will issue a silver/gold standard backed by cryptocurrency hmm?
https://youtu.be/PZEK-D0KCC8?t=600

[Anonymous No.23449515]

>>23449470
https://www.bloomberg.com/news/articles/2020-10-22/beno-t-c-ur-on-central-bank-digital-currencies-and-the-future-of-monetary-policy

[Anonymous No.23449534]

>>23449486
Spark is basically ETH, but with sub penny fees and sub 4 second transaction fees.

[Anonymous No.23449571]

>>23449534
I see. Is it expected to be valuable?

[Anonymous No.23449589]

Also XRP = Bancor
https://en.wikipedia.org/wiki/Bancor

>16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.

[Anonymous No.23449629]

>>23449515
Thanks.

[Anonymous No.23449639]

>>23443964
i assume that smart contracts could be used to automate this process? with the idea being that the smart contracts involved in Flare + the on-demand liquidity of XRP, all conducted through the XRP ledger, could be used to "update" the derivatives market, and that might be what some of this regulatory clarity Garlinghouse is always talking about might be referring to?

[Anonymous No.23449652]

>>23449309
>>23449363
It’s not really that decentralised. There are only a handful of validators (this is a good thing).

Ripple have been exploring how to mask transactions on the ledger, so only sender and receiver would be able to see any details, so it may not be public for too much longer (again, a good thing).

The biggest thing though is the exchange. Banks do not and will not use the same exchanges we do. They therefore have a relatively closed ecosystem. Their XRP need not be publicly traded (at least not by fuckwits like us). So in their market, XRP can be whatever they say it is. And they also don’t care about price: Forget any nonsense about XRP as a new world currency - XRP is nothing and that is precisely its beauty. They trade in and out of this stable token in seconds, there is virtually zero market risk and zero cost to use it. The price is therefore irrelevant to them. This isn’t true for us, because we are holding. So the banks’ market is markedly different to ours.

They could set XRP at 2k in their exchange while we’re at 100 on ours because who is buying at 2k on our exchanges? Why would anyone when the price is intended to be stable?

I can see a bifurcated market like that pop up and our options to sell would be to companies looking to fill the gap, buying from us at 90/95 on the dollar and selling on to banks at the set 2k (or whatever the set price is).

On a side note: this is why I laugh when people talk about lending XRP with flare. Who the fuck is paying a fee to borrow XRP!? Not banks - it’s virtually free for them. Only retail.

[Anonymous No.23449666]

>>23449363
>>23449309
>IMF states anyone using the ripple payment system must purchase XRP at a fixed price of 2k
>if you dont want to buy or sell at 2k, you dont get to use the system
>noone will sell it for less
>noone will buy it for more
Voila
Instant stable coin

[Anonymous No.23449682]

>>23449486

[Anonymous No.23449683]

>>23449629

Just a note it's around the 19 min mark where he gets into it. He makes it clear that central banks have a specific role to play, and ultimately would leave it to the private sector to do what they do best.

> "There is room for everyone"

[Anonymous No.23449701]

>>23449652
>Why would anyone when the price is intended to be stable?
A very nice hedge.

[Anonymous No.23449705]

>>23449571
1/10 of the price of xrp so currently no in the future yes.

[Anonymous No.23449729]

>>23447576
oooooo

that looks like regulatory clarity to me.

[Anonymous No.23449755]

>>23445003
Are my boys getting on the xdc train?? I'm only hopin for $1 lol. I wonder if xrp shoots off then all the rest will follow suit

[Anonymous No.23449830]

>>23449639
There’ll definitely be smart contracts, because it will help bring standardisation. The market has been developing them for a couple of years now. I’m not convinced about how successful they’ll be though. The buy side will resist because they’ll all want to push for their own special negotiated terms.

Unless R3 Corda can use flare, they won’t be on flare. See above posts on ISDA and R3

[Anonymous No.23449884]

>>23449652
There's over 150 validators I think.

And how do you bifurcate a market on a single chain in a DEX world. How would banks or private companies not want to take advantage of the most insane arbitrage opportunity ever to exist?

[Anonymous No.23449891]

>>23449093
I was invested in xrp I had 25,055

The. I realized it’s never going to 2k or four digits
That’s why PayPal ain’t roll it out, remember September “regulation clarity” but apparently it hasn’t happened because xrp is “drumroll” a security.
Buy chainlink.

[Anonymous No.23449902]

>>23449701
Fair enough, there may be some retail interest after all. I guess the point still stands though - the market can be bifurcated.

[Anonymous No.23449917]

>>23449830
i mean, Flare was developed by Ripple (more precisely, xSpring) so it would make sense to be part of the ecosystem

[Anonymous No.23449940]

>>23449891
In your own words, tell me how xrp is a security?

[Anonymous No.23449972]

>>23449902
What prevent the banks to sneakily buy / sell on our market if there is a gap in price ? Considering all the fraud going on in the banking system even strong regulation will not be enough.

[Anonymous No.23450048]

>>23449972
DLT would mean they would be caught, no?

[Anonymous No.23450057]

>>23449884
150 is a handful. Think of all major central banks + all major banks + all major supranationals, etc... it quickly adds up.

Simple: banks can’t buy from retail. They must buy on industry exchanges.

Done - bifurcated market. We aren’t able to buy from theirs and they aren’t allowed to buy from ours.

That leaves intermediaries to fill the gap (for a fee, as I mentioned above) and help move XRP from where it shouldn’t be (with retail), to where it should (on bank exchanges). And when the XRP gets to those bank exchanges, that’ll be it - away from filthy, speculating, retail hands forever.

[Anonymous No.23450110]

>>23449917
Again, ONLY if R3 can use it.

This isn’t speculation. You can take it as sure as the sun rising tomorrow that whatever ISDA is using is what smart contracts the industry will use. Virtually all contracts are isda contracts, virtually all trades are based on isda definitions, they truly are inseparable from the derivatives market.

[Anonymous No.23450131]

>>23449940
They sold a product as a unregistered security, the way they promoted it and worked with it. Brad himself claims ripple has nothing to do with xrp and all they did was make a cross boarder payment system for it but they “aren’t related to xrp” and have “no control over it” it’s an asset that works outside of ripple xrp=/=ripple. Keep buying a security. And before you go mah fud bingo just remember that sites made by a xrp maxi lmao take it with salt. Gl anons you’re being fed bullshit and delusion.

[Anonymous No.23450173]

>>23449972
Without getting into a discussion of what exactly all this ‘fraud’ is, see: >>23450048

There may be some banks on less sophisticated jurisdictions that could try the arbitrage, but guess what - they will be competing with all the intermediaries offering the same service, so the margin they can charge would be squeezed and the amount we’ll get fucked would be limited.

[Anonymous No.23450175]

>>23450057
Ok I think I see what you're getting at. I still don't know how you prevent people from buying on either market on one chain though.

[Anonymous No.23450200]

>>23450131
All that security bullshit has been dismissed, I thought.

[Anonymous No.23450228]

>>23441971
XRP is DEAD
/thread

[Anonymous No.23450249]

>>23450200
Lmao nope it hasn’t been, after the Hopium and hype the from this board claiming it was going to get thrown out in Cali, it wasn’t.

[Anonymous No.23450258]

>>23450131
You may not quite understand this, but in legal terms, the fact that they aren’t related to XRP is pretty significant. The fact they have no control over it is pretty significant.

The claim that it is an unregistered security is really a stretch.

[Anonymous No.23450331]

>>23450258
Well cool okay if that’s the case xrps price isn’t suppressed or manipulated either. So you fucks can stop saying my price is so low because it’s suppressed. No the price is low because big investors don’t wanna move on something about to be deemed a security.

[Anonymous No.23450340]

>>23450131
b b but baba cugs said XRP will be a commodity

[Anonymous No.23450384]

>>23450340
Baba doesn’t know shit he just listens to other fucking people and gets lucky, and he isnt a Freemason or anything.

[Anonymous No.23450394]

>>23450175
You are not able to join many of the exchanges that banks use today. So keeping you out of their playground is very easy.

And as far as them - regulation preventing them buying from retail, or better yet, only permitting them to buy from the bank/industry exchanges that retail doesn’t have access to (or even clearing houses like LCH, which we can’t access), would keep them away from us.

XRP would be priced by LCH at 2k (for example) and banks would only be able to access XRP at that price because they would only be able to access it on LCH.

We meanwhile would not have access to LCH and would instead be stuck on CuckBase trading with other retail dipshits.

[Anonymous No.23450416]

>>23450331
What? I’d love to hear how your fud addled mind made that leap please, kid?

[Anonymous No.23450524]

>>23450416
Made what leap? I’ve been in these threads since before we made schizophrenic general to block out weak chainlink fud, You fuckers cried price suppression for a good while. Xrp will be deemed a security.

[Anonymous No.23450552]

>>23450394
Well shit... that sucks lol

Thanks for explaining though anon

[Anonymous No.23450601]

>>23441971
Not selling

[Anonymous No.23450646]

>>23450524
You must at least have the wit to see the leap you made, surely!? Christ, mate, you’re embarrassing yourself.

1. XRP is not a security.
2. Just because it is not a security (and not anything to do with Ripple), that doesn’t magically remove the laws of supply and demand. They may not have created it, but they still own what, 55/60% of the supply? If I owned 50% of the supply of XRP, I could suppress it too, could I not? Just like a whale dumping - they move markets with far less than 50% control.

[Anonymous No.23450672]

>>23450249
>The Northern California District Court has dismissed the claims made by two investors against Ripple regarding XRP as false.
>The case was concerning the on-going legal dispute which began in May 2018 between Ripple Labs including CEO Brad Garlinghouse and disgruntled investors as to whether the native token XRP is, or is not a security by legal definition. They claim that Ripple should have made a formal application to the U.S. Securities Exchange Commission (SEC) for their cryptocurrency XRP to become a security.
>In the case, the court found that the lead plaintiff failed to provide the necessary evidence in the courtroom to support multiple claims regarding XRP’s non-security status, Brad Garlinghouse’s personal holdings and monetary intentions, XRP’s sale strategy, as well as the company’s software products.
>In June 2019, they applied for a court dismissal against the mentioned plaintiffs. The latter responded with opposition to the motion claiming to hold over “a dozen false or misleading statements made by Ripple and its CEO.”
>The court hearing has today dismissed all of these statements as false.
https://www.coinspeaker.com/federal-court-ripple-xrp/

[Anonymous No.23450678]

>>23450394

For what reason would they prevent banks from sourcing XRP on the open market? Simply to keep non institutional buyers poor?

[Anonymous No.23450710]

>>23450228
>/threading your down post
Who wants to tell him?

[Anonymous No.23450759]

>>23450672
F a k e news buddy lmao
https://www.google.com/amp/s/www.coindesk.com/ripple-has-mixed-success-in-motion-to-dismiss-lawsuit-alleging-securities-fraud%3famp=1

[Anonymous No.23450797]

>>23450524
>I have this one

[Anonymous No.23450831]

>>23450759
>fake news
lol. You're running out of rope.
>On Aug. 20, Representative Tom Emmer (R-MN) held the first ever Cryptocurrency Town Hall, bringing together a number of leaders from the Blockchain space.
>Ripple CEO Garlinghouse outlined that the biggest challenge faced by Ripple so far is the lack of clarity around the regulatory status of XRP. “The biggest challenge Ripple has faced and anyone developing in the XRP community has faced is the lack of clarity on how assets beyond Bitcoin and Ether are gonna be defined by the SEC.” Garlinghouse continued that the absence of that regulatory framework “restricts innovation.”
>Garlinghouse’s remarks come amid the long-running regulatory uncertainty around XRP. In the past, this uncertainty escalated into multiple lawsuits, alleging that XRP is an unregistered security. Though first brought up in 2018, the U.S. Securities and Exchange Commision, or SEC, has not provided a firm stance on the matter to date.
>Addressing the issue at the Cryptocurrency Town Hall, Emmer delivered his own verdict:
>“My position is very clear. XRP is not a security.”
>The Congressman is not alone in his stance on XRP. In June 2020, Former Commodity Futures Trading Commission Chairman Chris Giancarlo also said that, according to the Howey Test, XRP does not meet the criteria to be considered a security.
https://cointelegraph.com/news/xrp-is-not-a-security-argues-us-congressman-tom-emmer

I don't see any push for it to be listed as a security beyond a couple of guys who lost most of their court run and you, a rando fudding.

[Anonymous No.23450833]

>>23450678
Nope. To keep the price stable. It has (virtually) zero cost to banks, so could be held stable at any price if set for them.

It has a cost to us because we hold it. We would cause market moves in the price, banks wouldn’t.

And again - I’ve explained that there could easily be routes for retail to dispose of their Xerps - through intermediaries for example. They wouldn’t be ‘keeping us poor’. Even if we get 95 on the dollar: at 1k or 2k or 7k it’s still a shitload of money.

Also - I am not ripple. Someone asked a question about how the switch could flip and I’ve explained my view. I think if I was ripple or the BIS, this is how I would do it. I may be wrong about all of it. This just makes sense to me.

[Anonymous No.23450876]

>>23450759
>"Having drawn that distinction, the court nonetheless permitted plaintiff
an opportunity to amend his pleadings to comply with Rule 9(b)’s
requirements for claims brought under those sections, provided that he do so under the alternative theory that XRP is not a security."

[Anonymous No.23450882]

>>23450831
Yes your articles are from august and July mined from October keep coping buddy l m a o!

[Anonymous No.23450898]

>>23450646
The xrp you mentioned here is in eskrow. They cant selll it or use it to manipulate the market brainlet.

I will be here ready to debunk the next fud.

[Anonymous No.23450925]

>>23450898
Sure you will be lol.

[Anonymous No.23450951]

>>23450646
The xrp you mentioned here is in eskrow. They cant selll it or use it to manipulate the market.

You must mean Jed or Ripple members personal holdings.

[Anonymous No.23450953]

>>23450882
>mined from October
lol
>tranny buzzwords
Unironically more lol.
Do you have anything at all to support your position?
Are congressmen and former CFTCs outdated by an article you don't appear to understand?
WHO is pushing for security status beyond, again, you and some guys currently failing at a lawsuit?

[Anonymous No.23450961]

>>23441971
>>23441971

Babacugs isn't a insider, just a random cug that has been shouting XRP $2000 since 2019.
OP knows NOTHING

[Anonymous No.23451010]

>>23450759
If you actually read what you linked you would realize how wrong you are and just how ridiculous this lawsuit has become. Someone is literally suing Brad Garlinghouse because he bought the top on XRP.

The judge literally ruled that he could only proceed with his personal claims against Garlicbread that he had misrepresented his own personal stake in XRP. The security issue as you can see quoted here >>23450876 was pretty much thrown out.

[Anonymous No.23451022]

>>23450646
>>23450882
You’re really grasping here buddy.

- ripple did not sell and unregistered security. I’ve already explained this to you above.
- even if XRP is a security at ICO, that does not mean it is a security in the secondary market (that’s one suggested distinction in the securities clarity act and tracks the FCA’s view - it *might* be a security at ICO, but not necessarily in the secondary market).
- your buddies then not only need to prove it’s a security at ICO (they can’t - their entire pitch rested on Ripple selling it making it a security), but also it’s a security post ICO.

Anyway, I’ve answered your fud. You’re making me sad with your pitiable display. How about fucking off?

[Anonymous No.23451032]

>>23450131
It’s been debunked

[Anonymous No.23451051]

@Ross_Vandermeer is the source of the famous $2000 XRP claim (predicted for January 1st by the way, not January 31st). Ross was wrong in his prediction, and recently moved the goalposts himself - from Jan 1, 2020 to "2020"

https://threadreaderapp.com/thread/1226060846549405696.html

https://www.xrpchat.com/topic/25909-bearableguy123-thread/page/22/?tab=comments#comment-379901

bearableguy123 exposed

Don't be fooled by these pajeet pump and dumpers.

[Anonymous No.23451064]

>>23450951
I don’t know mate - it doesn’t matter. How about just: ripple aren’t seller of a security with XRP, but they’re a pretty big whale.

Jed is contractually obliged to do what he’s doing, so that too is ripple the whale dumping.

The point is that just because they didn’t sell as a security, it doesn’t mean they can’t otherwise affect the price

[Anonymous No.23451162]

>>23451022
>>23451010
>>23450953
Thanks guys I see the clarity now I just bought back 900 xrp. Can’t wait to be sitting on 1.8m

[Anonymous No.23451289]

>>23451162
Well, that was unexpected! Fair play.

Welcome back, anon.

[Anonymous No.23451300]

Wouldn't be surprised me if Ripple is shorting XRP. They have enough supply to influence the spot price and there is ENOUGH liquidity on the deratives market to make bank.
And this predicted by a user on reddit. The guy from greater-fools.com
Most accurate prediction yet to date. He literally saw this dump coming when Bitmex launched XRP as a future.
https://www.reddit.com/r/XRP/comments/9qipt9/dump_your_xrp/

XRP indeed never recovered, be careful

[Anonymous No.23451361]

>>23451300
>those comments shitting on OP
Holy fuck they sound exactly like the retards here

[Anonymous No.23451422]

What are the odds that Ripple sells XRP to banks but doesn’t know move them on the ledger? If adoption needs to happen all at once, they could just be handing out IOU’s for XRP that will be distributed when the product goes live on a global scale.

[Anonymous No.23451537]

>>23451300
>Reddit
>you have to go back
>you stupid fucking nigger

[Anonymous No.23451546]

>>23451162
I feel like you're fucking with us but ok lol

>>23451300
I highly doubt it. They would be risking their entire corporate reputation and future in the industry to make a few quick bucks? Isn't it more likely that an asset corrected after a truly violent speculative pump? Ripple is trying to operate a company and attract the trust and attention of the global financial community. I don't think they are going to risk that long game to flip shekels in the retail market.

[Anonymous No.23451589]

>>23451422
Banks don't need to buy XRP to make use of RippleNet, its included in the service. Banks will probably not buy XRP.
JP morgan didn't buy any ethereum, they just forked it and created quorum.
IBM never bought a single XLM they just forked it.
There was a Saudi Bank partnership with Stellar, they didn't buy any Stellar they forked it.

[Anonymous No.23451668]

>>23450646
this gish galloping mf right here

[Anonymous No.23451710]

>>23451537
Ok nigger, have fun hodling a dead

>>23451546
It's a wellknown fact that Ripple is dumping 1 Billion tokens every month till 2024.
This isn't F.U.D
Adoption - I've been in this space since 2015.. back then brainlets were talking about partnerships, adoption. Not a single bank has ever bought XRP, they don't need to. They can fork it and set up their own parameters.
Banks don't need to buy XRP if they use Ripplenet it's included in the service.

[Anonymous No.23451732]

>>23451589
Lmao quorum is a dead project the head of it left long ago h a h a h a and ibm didn’t fork stellar holy shit you’re even more retarded than me.

[Anonymous No.23451750]

>>23451589
Ahahahahaha... I’ve almost missed the fork fud. You new in the office Jaydeep?

And “just use ripplenet” too! I think that sandeep is messing with you my friend - don’t worry, he does that to all the new guys! Times have moved on, young jaydeep... Even regulators are saying they need a bridge asset:
Brian brooks, OCC:
"Imagine if there was a single token that was recognized on both sides of that divide and when you receive it you can cash it out into your local currency and when I receive it I can cash it out into my local currency without the need to change it."
https://mobile.twitter.com/ijulianflash/status/1318302587565821959

[Anonymous No.23451766]

>>23451710
You know why this is weak fud? Because banks hold xrp like kraken, sbi, grayscale etc you’re a fucking bimbo.

[Anonymous No.23451771]

advanced FUD in this thread, from seemingly more intelligent posters than usual. i appreciate their effort but, like, to what end? to get me to sell my bags and FOMO into BTC at a 1/3 loss? ehh...nah

[Anonymous No.23451838]

>>23451771
They are always one of three types;

1. Linkies fudding everything on biz other than link
2. Disgruntled investors who bought in 2017 and have held for years
3. Paid shills

[Anonymous No.23451841]

I wonder if banks would hire people to post on popular XRP forums to try and get people to sell prior to the switch being flipped to free up more liquidity? I saw in one of these threads that XRP is getting bought back from exchanges, so that would fit

>>23451300
thank you for the warning friend, i can tell you are giving this advice in good faith out of concern for the people in this thread

[Anonymous No.23451865]

>>23451710
I don't think that banks will be "buying" XRP to hold in reserve. I don't think that's the point of the token. I'm not sure who is arguing that but as far as I am aware that was never the point.

And I think you have a weird concept of their escrow program if you're just gonna classify it as "dumping".

[Anonymous No.23451874]

Stellar marine here, just dropping by to give a shoutout to my fellow schizos. We will all make it eventually hopefully sooner than later. Bags are getting lighter by the day.

[Anonymous No.23451940]

>>23451838
paid by whom, and to what end, though? it just strikes me as strange.

i saw a thing today about how Reddit tracked the location/IP data of its users to find 'the most Reddit cities' or whatever and it turned out that Eglin Air Force Base in Florida was 'the most reddit city,' unwittingly revealing that much of the traffic on Reddit (and, presumably other forums as well) is actually astroturfers, shills and bots

I imagine there are people whose job it is to push a certain narrative, and they do this for money. usually it's for politics though- i hadn't considered that they would use this kind of marketing for crypto (perhaps naively). I thought the ERC20 Food-named shitcoins were coordinated through Telegrams and whatnot, but this seems like more sophisticated shills- they're clearly quite knowledgeable about markets, etc- the one dude seems to have a background in finance, at least enough to put together a vaguely legitimate-sounding word salad trying to explain why Ripple isn't the Standard or whatever

his inside joke about Babacugs not being a Freemason was pretty funny though.

[Anonymous No.23451975]

>>23451162
>mfw good end.


i feel so sorry for the people up to their teeth in btc, about to get china rugged.


wonder if the paypal KYC not your crypto ordeal is to snoop some of the foolish out like politicians of late...

[Anonymous No.23451981]

>>23442552
Dude I keep seeing time travel being mentioned everywhere. I honestly think anons from the future are communicating with the past. Perhaps even their past self. 42 has supposedly disclosed time travel by accident and I’m sure you’ve seen but ever since the 42 pill. I notice time travel everywhere

[Anonymous No.23451985]

>>23451874
stellar has had a very good week or two, with the LA Blockchain summit, the USDC announcement, the DC Fintech panel- I think anyone who can't see that XLM will be a key part of the coming digital economy has their head in the sand.

[Anonymous No.23452001]

>>23451874
Smelly stellies, derpy xerpies-we're all gonna make it.

[Anonymous No.23452017]

>>23451668
Que?

[Anonymous No.23452019]

>>23451838
You're missing one: basic-bitch trolls. It's 4chan, anon, so the minute anything gets popular or develops any kind of following there will always be the kind of poster that will want to take a dump in it just to take a dump in it.

[Anonymous No.23452033]

>>23451771
To be real bro idk why the Schitzos haven’t realized the more intelligent fudders are heavy bag owners we know all about the project, their place in banking etc so of course we’ll dump fud on weak hands because ifykyk.

And Never forget xrp isn’t meant to be appealing for the retail investor “m a h c h a r t s” it is a long term investment and anyone that says it’s a scam is brain dead and has no idea what they’re talking about.

They’ll say what banks using xrp, all you gotta say what are regulations? Clarity’s coming and when xrp spikes to .60 they’ll say hahaha then it’ll pump to $1 and fomo will happen and when it reaches $10 weak hands sell off it will go further up.

[Anonymous No.23452057]

>>23451865
> I don't think that banks will be "buying" XRP to hold in reserve. I don't think that's the point of the token
Exactly, anon.

[Anonymous No.23452087]

>>23451750
>>23451766
>>23451771

FUD is the newcode word for
''I don't know how to reply to this''
Fact - banks can fork XRP and issue their version to suit their needs at zero cost.
I don't need to ''FUD'' xrp... whether I FUD or NOT - Ripple is releasing 1 billion tokens a month. Good luck hodling.
It's fucking dangerous asset to hold... few see it few understand.

[Anonymous No.23452107]

>>23452033
Fucking hell, anon. You’re alright by me.

[Anonymous No.23452205]

>>23452087
> I don't need to ''FUD'' xrp
How will you feed your family Jaydeep? You gotta keep at the job, kid. Work your way out of those slums.

>fork.
Why? They all need to use a single, common bridge. They’ve tested and know XRP. What would they gain by forking? Cutting out a few nobodies?
You’re weak-minded, Jay.

>dangerous
For you Jaydeep. That rope will sing your name like the angels soon.

[Anonymous No.23452526]

>>23452087
Your new here aren't you?

[Anonymous No.23452695]

>>23451874
How does he put on his helmet?

[Anonymous No.23452794]

>>23452087
and if they do, people across the world see the system as it is and tear it down. imagine that.

[Anonymous No.23452831]

>>23451985
It's been ok at best, no major news or announcements yet. We are all waiting for a big move.
>>23452695
He takes off his horns first.

[Anonymous No.23452838]

>>23452033
Checked and based

[Anonymous No.23452924]

>>23447233
the spot price of gold is set in London every morning.

[Anonymous No.23453026]

>>23449652
Because the asset will still appreciate as transactions grow year on year, like how economies today grow
it won't be $1-2000 forever...

[Anonymous No.23453110]

>>23451985
Is this what is meant by
>you’re here forever

[Anonymous No.23453136]

>>23453026
What are you responding to, fren? The bit about nobody on our retail exchanges buying for 2k?

Yes, that was a bit hyperbolic. The point remains - it would not be difficult to bifurcate the market (and therefore to see different prices)

[Anonymous No.23453502]

>>23453136
When you asked

"who is buying at 2k on our exchanges? Why would anyone when the price is intended to be stable?"

It would still be a suitable long term investment. 'Stable' just means the price isn't going to be volatile so that when I send you £100, you don't receive £97 because the price has moved in the seconds it took to confirm the transaction. It would still have the ability to rise and/or fall half a percent over the day. Just like how the price of gold itself behaves.

I don't really see an issue with retail trading it on exchanges. It's like pissing in the ocean with regards to impacting price.

[Anonymous No.23453527]

>Takes a major dip after being above 26 cents all day

[Anonymous No.23453543]

>>23453527
Baba said it would stay pretty stable at 25c all month (bear in mind this is crypto)

[Anonymous No.23453567]

>>23453502
Hey, like I said - I’m not ripple or the BIS. But if I was, that’s how I would set it up. It takes market forces completely out of pricing XRP.

You’re right that retail wouldn’t have that big an impact, but if I’m designing it, I’d go for zero impact over even a small impact.

[Anonymous No.23453637]

AAAA

[Anonymous No.23453761]

We are gonna fucking make it SOOOOOONNNN!!!!

[Anonymous No.23453773]

>>23453567
Is that legal? To create two seperate markets like that?

[Anonymous No.23453780]

>>23453761
>hes been saying this for 3 years

[Anonymous No.23453869]

>>23453773

[Anonymous No.23453922]

[Anonymous No.23453958]

>>23453773
Of course. Why would it not be? I could set up a private gold market tomorrow and my market and it’s participants could prove gold as we please. Nothing illegal in it.

There is no obligation on LCH or any exchange to allow proles in (many already don’t). There’s no obligation to sell assets to all people equally.

[Anonymous No.23453999]

>>23452695
>>23452831

no, theres holes for the horns you stupid

[Anonymous No.23454048]

eSoTeRiC kNoWlEdGe!!!!!

[Anonymous No.23454091]

Anyone can tell.me.what biggest legit fud is against ripple? Is that the xrp=security fud?

[Anonymous No.23454155]

>>23454091
Confirmation bias is the biggest fud that worries me: am I just seeing what I want to see. Sure, we post articles and spitball about shit but at the end of the day it's entirely possible that we've talked ourselves into something and are using data to support a position rather than moving to a position from data. Being completely honest, I do worry about adoption and how we'll capitalize on potential future value but more than that I worry about whether this is just something I've talked myself into because I passed on so many other obvious opportunities in the past.

[Anonymous No.23454195]

>>23454091
No fuds are legit. XRP is going to the MOOOOOOOOOOOOOOOOOOONNNNN!

[Anonymous No.23454237]

>>23454155
lol i feel the same way, but if you think it a little bit how many persons have the relations with US senator or bank representativ

[Anonymous No.23454282]

>>23451589
Oh my god I have never seen so much retardation in one post

[Anonymous No.23454499]

>>23454282
Imagine being that retarded

[Anonymous No.23454525]

>>23451589
Pajeet is steaming on overload

[Anonymous No.23454629]

>>23454525
it's not steaming, it's literally the reality of 'token not needed'. i never understood what part of that people didnt get; crypto and crypto-use-cases are all there and all have value, but the tokens themselves are functionally worthless.

[Anonymous No.23454828]

>>23454629
the tokens -represent- value transferred. the same way debit payments -represent- the ownership of your currency being transferred to the company.

[Anonymous No.23454941]

>>23449088
Checked

[Anonymous No.23455096]

9.9billion USD today again and XRP hit .26
Price started to fall after completion.
Could've just been a coincidence but who knows.

[Anonymous No.23455157]

>>23455096
almost like a countdown

[Anonymous No.23455176]

>>23445654
1113 not a moon date ‘OF’

But it IS the eleventh full moon of 13 in 2020. Which is a hunters blue moon.

[Anonymous No.23455195]

>>23452695
This has been debunked

[Anonymous No.23455197]

>>23455096
That makes it seem like 10/17 wasn't a glitch.

[Anonymous No.23455223]

>>23453999
Checked and retardpilled.
Just look at the helmet and look at his horns. There’s no way the holes would help him get his head inside the helmet. The anon was right, first he would need to remove the horns and then maybe the idea of holes on the helmet could make sense, but unless they were sealed tight around the horns the helmet would serve no purpose and he would die in the vacuum of space.

[Anonymous No.23455319]

>>23455096
i was hesitating about rounding out my stack.... im buying first thing in the morning fuggg

[Anonymous No.23455429]

>>23455423
New thread
>>23455423
New thread
>>23455423

[Anonymous No.23455438]

>>23455157
if they do 9.99 Million on the 27 I'm going to lose my shit
999
666

[Anonymous No.23455670]

>>23455157
Obligatory: https://www.youtube.com/watch?v=9jK-NcRmVcw

[Anonymous No.23456094]

>>23449652
This is also why, banks will most likely use a forked version of XRP where only they have access to it.

[Anonymous No.23457311]

>>23449682
Is this basically farming in a way?
Why does Alice need FXRP, what will it be used for?
According to this we can stake our XRP?

So bob gets Alices 200.2 XRP and bob uses his stack of XRP to convert to FXRP and send 200 FXRP to Alice.

Question is why does Alice need bob when she already has XRP?
Is spark going to be relatively scarce and Alice cant get her hands on any?

It 'sounds' like it could be cool, but depends on a lot of factors, will there be big demand for Fxrp?

[Anonymous No.23457676]

>>23455096
This is actually pretty big, twice in a week also the japs did it aswell. Definately some kind of huge scale testing happening.