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9
Bd6r
2019 Jul 20, 7:40am
Bd6r
2019 Jul 20, 7:40am
Is your ScamCoin going parabolic lately? Are we left out if we have not yet bought in?
10
WookieMan
2019 Jul 20, 8:18am
WookieMan
2019 Jul 20, 8:18am
d6rB says
I'm sure it exists in the fantasyland of crypto, but someone should make ParabolicCoin. I mean, it's what ALL crypto is going to do as they keep making new "ICO's" daily. Who ever would have thought the moon and parabolas would get this much attention in 2019? #SeriousInvesting
Is your ScamCoin going parabolic lately? Are we left out if we have not yet bought in?
I'm sure it exists in the fantasyland of crypto, but someone should make ParabolicCoin. I mean, it's what ALL crypto is going to do as they keep making new "ICO's" daily. Who ever would have thought the moon and parabolas would get this much attention in 2019? #SeriousInvesting
11
FortwayeAsFuckJoeBiden
2019 Jul 20, 8:20am
To get Democrats onboard offer 10% discount for minorities and women.
16
CBOEtrader
2019 Jul 20, 9:38am
CBOEtrader
2019 Jul 20, 9:38am
General attitude in crypto chatrooms is that the coin needs to solve a problem.
XRP is the best example I've seen.
Keep in mind, my bet is that the dollar will slowly lose its monopoly and that XRP will be included in the SDR pool of currencies to partially supplement the dollar as a reserve currency or international exchange currency. If either happens, XRP will go 100x.
If I'm wrong it could trend to zero.
There is plenty of evidence to suggest I'm right though:
https://www.imf.org/en/News/Articles/2018/11/13/sp111418-winds-of-change-the-case-for-new-digital-currency
https://www.bbntimes.com/en/technology/the-imf-s-answer-to-a-global-cryptocurrency
I only need about a 3% chance of this happening to make my XRP bet have a positive value expectation. If the IMF comes out w a coin, I will buy that one too.
I do not currently own BTC, or any other crypto besides XRP.
XRP is the best example I've seen.
Keep in mind, my bet is that the dollar will slowly lose its monopoly and that XRP will be included in the SDR pool of currencies to partially supplement the dollar as a reserve currency or international exchange currency. If either happens, XRP will go 100x.
If I'm wrong it could trend to zero.
There is plenty of evidence to suggest I'm right though:
https://www.imf.org/en/News/Articles/2018/11/13/sp111418-winds-of-change-the-case-for-new-digital-currency
https://www.bbntimes.com/en/technology/the-imf-s-answer-to-a-global-cryptocurrency
I only need about a 3% chance of this happening to make my XRP bet have a positive value expectation. If the IMF comes out w a coin, I will buy that one too.
I do not currently own BTC, or any other crypto besides XRP.
17
CBOEtrader
2019 Jul 20, 9:40am
CBOEtrader
2019 Jul 20, 9:40am
d6rB says
I thought the crypto backed by 1 hour w a Canadian hooker was a brilliant idea. Could we call that the Womyncoin?
CBOEtrader saysWomxn!!!
How about WOMXN or WOMYNCOINS? Sold only to womyn?
I thought the crypto backed by 1 hour w a Canadian hooker was a brilliant idea. Could we call that the Womyncoin?
18
Onvacation
2019 Jul 20, 10:26am
Onvacation
2019 Jul 20, 10:26am
CBOEtrader says
The dollar used to represent real value. It was backed by all of the gold in Ft Knox.
Here is all the Constitution says about the money power of the government. From Article I, Section 8, there is “Congress shall have Power…to coin Money, regulate the Value thereof, and of foreign Coin.” And from Section 10, “no state…shall make any Thing but gold and silver Coin a Tender in Payment of Debts.”
Early in the 20th century the power to create money was handed over to the Federal Reserve which is not federal and has no reserves. They were supposed to even out the swings that characterize a freemarket. Within two decades we faced the worst depression in our history.
In 1963 silver was taken out of our monetary system, in 1971 gold was removed.
Our dollar is now completely cut off from any backing other than the fiat of "good faith and credit". The corrupt printers of money and their cronies are becoming richer while the value and trust in the dollar is diminishing to the point where some people want something different; thus cryptocurrencies.
But it's not a currency. It's a speculative gamble where early adopters profit only if later fools buy in hoping to make a fortune off of later greater fools.
the dollar will slowly lose its monopoly
The dollar used to represent real value. It was backed by all of the gold in Ft Knox.
Here is all the Constitution says about the money power of the government. From Article I, Section 8, there is “Congress shall have Power…to coin Money, regulate the Value thereof, and of foreign Coin.” And from Section 10, “no state…shall make any Thing but gold and silver Coin a Tender in Payment of Debts.”
Early in the 20th century the power to create money was handed over to the Federal Reserve which is not federal and has no reserves. They were supposed to even out the swings that characterize a freemarket. Within two decades we faced the worst depression in our history.
In 1963 silver was taken out of our monetary system, in 1971 gold was removed.
Our dollar is now completely cut off from any backing other than the fiat of "good faith and credit". The corrupt printers of money and their cronies are becoming richer while the value and trust in the dollar is diminishing to the point where some people want something different; thus cryptocurrencies.
But it's not a currency. It's a speculative gamble where early adopters profit only if later fools buy in hoping to make a fortune off of later greater fools.
19
SoTex
2019 Jul 20, 10:48am
SoTex
2019 Jul 20, 10:48am
I watched an episode of RealVision last week titled something like, "Why we need both gold and crypto", or something like that. FWIW, I don't own either. Despite the title it wasn't too complimentary towards crypto.
I was mostly listening actually while I was working on my fish tank. Anyhow, they guy being interviewed made some comments along the lines of:
Gold: It represents a huge store of energy that went into mining it. But once it's mined it requires no energy whatsoever to continue representing it. It's immutable, will not tarnish and your lump will still be around billions of years from now when the sun swallows the earth. People complain that it's takes up too much space vs. crypto but ...
Crypto: Requires continuous input of energy to maintain the system. It isn't 'small' vs. gold because it requires giant server farms around the world that right now crypto owners aren't fully paying for. Crypto owners are also trusting that things are going to continue on like this indefinitely. This guy thinks that eventually in order for crypto owners to be in the system they will have to start paying some sort of fees to the owners of the server farms or whatever. Not a big deal if it's still going up a lot but in a world where it's finally reached it's value and so not volatile that is a huge negative.
Anyhow, sort of the truncated Cliffs notes.
Oh... Also that it's purely speculative. Nobody (essentially) is using it to buy anything. It's super easy to just use a credit card online or offline. It's been a decade and people are STILL not using it to buy much of anything.
I was mostly listening actually while I was working on my fish tank. Anyhow, they guy being interviewed made some comments along the lines of:
Gold: It represents a huge store of energy that went into mining it. But once it's mined it requires no energy whatsoever to continue representing it. It's immutable, will not tarnish and your lump will still be around billions of years from now when the sun swallows the earth. People complain that it's takes up too much space vs. crypto but ...
Crypto: Requires continuous input of energy to maintain the system. It isn't 'small' vs. gold because it requires giant server farms around the world that right now crypto owners aren't fully paying for. Crypto owners are also trusting that things are going to continue on like this indefinitely. This guy thinks that eventually in order for crypto owners to be in the system they will have to start paying some sort of fees to the owners of the server farms or whatever. Not a big deal if it's still going up a lot but in a world where it's finally reached it's value and so not volatile that is a huge negative.
Anyhow, sort of the truncated Cliffs notes.
Oh... Also that it's purely speculative. Nobody (essentially) is using it to buy anything. It's super easy to just use a credit card online or offline. It's been a decade and people are STILL not using it to buy much of anything.
20
CBOEtrader
2019 Jul 20, 11:00am
CBOEtrader
2019 Jul 20, 11:00am
just_dregalicious says
https://medium.com/@XRP_Anderson/ripples-connection-with-the-imf-and-central-banks-7edc6f32a0a
How john down the street buys milk is largely irrelevant.
How do governments and large international banks exchange $$trillion asset classes? My bet is XRP will be part of this solution .
Nobody (essentially) is using it to buy anything.
https://medium.com/@XRP_Anderson/ripples-connection-with-the-imf-and-central-banks-7edc6f32a0a
How john down the street buys milk is largely irrelevant.
How do governments and large international banks exchange $$trillion asset classes? My bet is XRP will be part of this solution .
22
CBOEtrader
2019 Jul 20, 4:17pm
CBOEtrader
2019 Jul 20, 4:17pm
just_dregalicious says
I'm still treating it like the extreme speculation it is, as should anyone else.
I look at it like an option that doesn't expire.
Yes, I think XRP is a bit of a different animal than the others..
I'm still treating it like the extreme speculation it is, as should anyone else.
I look at it like an option that doesn't expire.
If you send me a dollar now I will send you a unique (kinda) sequence of bits (0s and 1s) when I start mining the blockchain.
GetRichQuickCoins, the currency of the future!