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18
Cash
2023 Jul 18, 10:29pm
Rubicon says
Funny you came to this post and commented with your own free will did you not? No one forced you to post here it's a voluntary thing, so really no need to announce your departure, just stop and go your way.
Sry, nothing personal. I have zero interest in discussing any of it here on Patnet.
Funny you came to this post and commented with your own free will did you not? No one forced you to post here it's a voluntary thing, so really no need to announce your departure, just stop and go your way.
19
Cash
2023 Jul 18, 11:04pm
Rubicon says
You still here? I thought you left lmao
Sry, nothing personal. I have zero interest in discussing any of it here on Patnet.
You still here? I thought you left lmao
20
Cash
2023 Jul 18, 11:40pm
Rubicon says
So what does that mean? I guess I don't understand since this post is about crypto and that is what is going to be discussed.
However you are more then welcome and free to lurk like the rest of the lurkers lmao
I have zero interest in discussing any of it here on Patnet.
So what does that mean? I guess I don't understand since this post is about crypto and that is what is going to be discussed.
However you are more then welcome and free to lurk like the rest of the lurkers lmao
21
Misc
2023 Jul 19, 12:26am
People can invest in whatever they want, but just a cursory look tells me it ain't too stable. About 8% of it's total value is traded on the exchanges each and every day. So a 100% turnover every 12 days or so. There just ain't a lot of faith in it, but looks like it would be fun to speculate on. Well...at least if you had gambled a week ago. With a market cap of about $41 billion worldwide, there just ain't enough of it for it to be usable as a currency.
22
Cash
2023 Jul 19, 1:02am
Misc says
I believe that will change quickly since $XRP is the only crypto that has been tested under fire by the courts and has regulatory clearance and now the fundamentals and use case should blow this thing up not to mention the FOMO effect once it gets rolling. :) I Know it's all speculative really when it comes to any market and I wouldn't be throwing risk management to the winds. I hold a stack to sell into the buying and a stack to speculate on the longer term.
Forbes Declares Impending $15 Trillion Quake Targeted at XRP and Others
https://thecryptobasic.com/2023/06/23/forbes-declares-impending-15-trillion-quake-targeted-at-xrp-and-others/
I don't really care 1 iota if someone here gets involved with this crypto or any of the others it won't make a bit of difference to me. I am just sharing a possible opportunity and encourage people if they are interested to actually do some hard core DD like we all should with all speculation and investments.
Well I have shared this info. and my opinions about it and that's about all I have to say about this topic and will leave it here...
People can invest in whatever they want, but just a cursory look tells me it ain't too stable.
I believe that will change quickly since $XRP is the only crypto that has been tested under fire by the courts and has regulatory clearance and now the fundamentals and use case should blow this thing up not to mention the FOMO effect once it gets rolling. :) I Know it's all speculative really when it comes to any market and I wouldn't be throwing risk management to the winds. I hold a stack to sell into the buying and a stack to speculate on the longer term.
Forbes Declares Impending $15 Trillion Quake Targeted at XRP and Others
https://thecryptobasic.com/2023/06/23/forbes-declares-impending-15-trillion-quake-targeted-at-xrp-and-others/
I don't really care 1 iota if someone here gets involved with this crypto or any of the others it won't make a bit of difference to me. I am just sharing a possible opportunity and encourage people if they are interested to actually do some hard core DD like we all should with all speculation and investments.
Well I have shared this info. and my opinions about it and that's about all I have to say about this topic and will leave it here...
25
EBGuy
2023 Jul 19, 12:53pm
Stuff I learned about Ripple today...
All 100 billion XRP cryptocurrency has been premined, and the majority of Ripple’s share – about 45 billion XRP coins – is deposited in Ripple’s Escrow account. The remaining 55 billion XRP has been distributed to users around the world.
...
Ripple.net runs on proof-of-consensus algorithms, which account for the strengths of Ripple’s blockchain network.
...
XRP transactions are very fast. The ledger completes transactions in 3-5 seconds. That’s much faster than the average transaction confirmation time for trading BTC, which can go over 20 minutes on a given day.
...
Ripple can complete 1,500 transactions per second. That’s close to a standard payment processor like VISA, which manages 1,700 transactions per second. This makes it a good solution for fintech companies that need a stable infrastructure for high transaction volumes that competes with traditional payment systems like VISA and SWIFT.
All 100 billion XRP cryptocurrency has been premined, and the majority of Ripple’s share – about 45 billion XRP coins – is deposited in Ripple’s Escrow account. The remaining 55 billion XRP has been distributed to users around the world.
...
Ripple.net runs on proof-of-consensus algorithms, which account for the strengths of Ripple’s blockchain network.
...
XRP transactions are very fast. The ledger completes transactions in 3-5 seconds. That’s much faster than the average transaction confirmation time for trading BTC, which can go over 20 minutes on a given day.
...
Ripple can complete 1,500 transactions per second. That’s close to a standard payment processor like VISA, which manages 1,700 transactions per second. This makes it a good solution for fintech companies that need a stable infrastructure for high transaction volumes that competes with traditional payment systems like VISA and SWIFT.
27
Cash
2023 Jul 19, 11:56pm
Nice share brother, nice change for someone to actually share something applicable to this topic.
About that 100bil at most maybe1% if that are in the hands of the retail investor. It's true $XRP was created for the banks, institutions and cooperate world and not so much for retail and yet I am way fortunate to own a nice modest stack while it is soooo cheap. There is a report that by 2027 it is est. 270 trillion worth of cross boarder pmts will be made with ODL making that 100bil look pretty small in comparison. $XRP won't likely get it all but no doubt more then a fair share for sure.
If you are familiar with the SECs position on ICOs you will understand why particularly educated ETH owners are very concerned as are many other crypto project due to G Gensler and his disposition and the nature of things he just may want to go after ETH, a big dog for revenge after losing all hope to stop $XRP, that boat is long gone. Now that Gary lost he has lots of companies who offered ICOs he can go after now and ETH is the big 1...
As for BTC it is almost useless in real world use cases but as long as people are happy with the story I guess it will live on. I absolutely have to be skeptical considering supposedly "no 1 knows who told the story", who is it's author? Most who own BTC don't realize that NSA built the SHA-256 hash function that the blocks are built with. Makes an informed person go Hmmm. Also I have big doubts and don't even think for a minute it is possible BTC is "truely" decentralized?
1 thing for sure I look forward to the masses of that BTC, ETH and useless projects $$$ dumping into $XRP and it will, particularly with all the under estimation most seem to have with $USD strength that is about to turn crypto on it's head and do a shake down of all the projects and weak hands which will prove to be a large majority.
About that 100bil at most maybe1% if that are in the hands of the retail investor. It's true $XRP was created for the banks, institutions and cooperate world and not so much for retail and yet I am way fortunate to own a nice modest stack while it is soooo cheap. There is a report that by 2027 it is est. 270 trillion worth of cross boarder pmts will be made with ODL making that 100bil look pretty small in comparison. $XRP won't likely get it all but no doubt more then a fair share for sure.
If you are familiar with the SECs position on ICOs you will understand why particularly educated ETH owners are very concerned as are many other crypto project due to G Gensler and his disposition and the nature of things he just may want to go after ETH, a big dog for revenge after losing all hope to stop $XRP, that boat is long gone. Now that Gary lost he has lots of companies who offered ICOs he can go after now and ETH is the big 1...
As for BTC it is almost useless in real world use cases but as long as people are happy with the story I guess it will live on. I absolutely have to be skeptical considering supposedly "no 1 knows who told the story", who is it's author? Most who own BTC don't realize that NSA built the SHA-256 hash function that the blocks are built with. Makes an informed person go Hmmm. Also I have big doubts and don't even think for a minute it is possible BTC is "truely" decentralized?
1 thing for sure I look forward to the masses of that BTC, ETH and useless projects $$$ dumping into $XRP and it will, particularly with all the under estimation most seem to have with $USD strength that is about to turn crypto on it's head and do a shake down of all the projects and weak hands which will prove to be a large majority.
28
Cash
2023 Jul 20, 7:53am
BTW Retail hardly moves $XRP and most other investment instruments a sotoshi worth but this does.
Ethereum ICO Participant Transfers $116M ETH After 8 Years of Dormancy
https://www.coindesk.com/tech/2023/07/19/ethereum-ico-participant-transfers-116m-eth-after-8-years-of-dormancy/?utm_term=organic
It's going to be open season for the SEC hunting ETH ICOs securities and the whales know it. LMAO
Ethereum ICO Participant Transfers $116M ETH After 8 Years of Dormancy
https://www.coindesk.com/tech/2023/07/19/ethereum-ico-participant-transfers-116m-eth-after-8-years-of-dormancy/?utm_term=organic
It's going to be open season for the SEC hunting ETH ICOs securities and the whales know it. LMAO
29
Cash
2023 Jul 20, 6:42pm
Shannon Thorp @thorpshannon87
I work in Treasury Management for a global bank. I am also a Realtor @ Herron Real Estate in NE Florida. XRP!!!
https://twitter.com/thorpshannon87/status/1681420969611517953
Let's talk $XRP! A few of you have asked about price prediction, time frames, etc. While no one can predict price, I will say (and I think we all know this) the price of XRP cannot be cheap. What's more, Retail will be priced out of XRP at some point. I see a lot of non-sense online regarding "the price is going to jump and then crash because everyone is going to sell". While that may be your theory...here's mine.
Retail only makes up about 1% of the XRP space. By the time the Fed, banks, businesses, etc. start putting their money into it, that 1% of retail is going to look like a minnow in an ocean! That 1% will not fluctuate the price at all. A large quantity of XRP facilitates a large quantity of banks whilst high price allows for higher transaction with less XRP. There's only so much XRP. That is my opinion.
Times frames. Again, something that cannot be predicted however, with Fednow going live July 20th, I would assume that they cannot be the only one going live. Whatever the Fed does, banks must follow because that is how they communicate back and forth. Whatever banks choose to do, their business customers must follow because that is how they communicate with the banks. This is what I deal with in Treasury Management. "Money movement" and the connections to that money movement.
Allow me to explain further on that. I previously worked for Wachovia in the cash vault. (If you're really behind the times, Wachovia was bought out by Wells Fargo I believe in 2009). In the cash vault they use a system called Glory! I eventually left several years later and then worked at Loomis as the Balance & Auditor in Cash Operations. They also used Glory. Fast forward 15 years later I went back to the initial cash vault to find that they were STILL using the same Glory system. This system was also how Fed shipments of currency could be placed.
What I'm getting at is, I would be very surprised if the Federal Reserve were the only ones going live this Thursday. Throughout my banking career I have noticed that whatever the Fed does, the banks will follow. That's basically the reason why banks close on Holiday's...because the Fed is closed. Banks are for profit, why would any company stop operations because of a holiday if they are for profit? Think about it. Now, could I be totally wrong on this? Possibly and that's going to suck if I am😂however, I have seen a lot throughout my 15+ year career in banking and we are finally entering a new era.
I work in Treasury Management for a global bank. I am also a Realtor @ Herron Real Estate in NE Florida. XRP!!!
https://twitter.com/thorpshannon87/status/1681420969611517953
Let's talk $XRP! A few of you have asked about price prediction, time frames, etc. While no one can predict price, I will say (and I think we all know this) the price of XRP cannot be cheap. What's more, Retail will be priced out of XRP at some point. I see a lot of non-sense online regarding "the price is going to jump and then crash because everyone is going to sell". While that may be your theory...here's mine.
Retail only makes up about 1% of the XRP space. By the time the Fed, banks, businesses, etc. start putting their money into it, that 1% of retail is going to look like a minnow in an ocean! That 1% will not fluctuate the price at all. A large quantity of XRP facilitates a large quantity of banks whilst high price allows for higher transaction with less XRP. There's only so much XRP. That is my opinion.
Times frames. Again, something that cannot be predicted however, with Fednow going live July 20th, I would assume that they cannot be the only one going live. Whatever the Fed does, banks must follow because that is how they communicate back and forth. Whatever banks choose to do, their business customers must follow because that is how they communicate with the banks. This is what I deal with in Treasury Management. "Money movement" and the connections to that money movement.
Allow me to explain further on that. I previously worked for Wachovia in the cash vault. (If you're really behind the times, Wachovia was bought out by Wells Fargo I believe in 2009). In the cash vault they use a system called Glory! I eventually left several years later and then worked at Loomis as the Balance & Auditor in Cash Operations. They also used Glory. Fast forward 15 years later I went back to the initial cash vault to find that they were STILL using the same Glory system. This system was also how Fed shipments of currency could be placed.
What I'm getting at is, I would be very surprised if the Federal Reserve were the only ones going live this Thursday. Throughout my banking career I have noticed that whatever the Fed does, the banks will follow. That's basically the reason why banks close on Holiday's...because the Fed is closed. Banks are for profit, why would any company stop operations because of a holiday if they are for profit? Think about it. Now, could I be totally wrong on this? Possibly and that's going to suck if I am😂however, I have seen a lot throughout my 15+ year career in banking and we are finally entering a new era.
30
Cash
2023 Jul 20, 10:31pm
Rubicon says
;) I understand cheering for your teams and all but just for shits and giggles do you have any facts supporting your stand and opinion beside your family and friends bought and own BTC and ETH lmao
Shitcoins bag holder spotted
;) I understand cheering for your teams and all but just for shits and giggles do you have any facts supporting your stand and opinion beside your family and friends bought and own BTC and ETH lmao
32
Cash
2023 Jul 20, 10:40pm
Cross-Border Payments
Settlement in seconds, not days
https://ripple.com/solutions/cross-border-payments/
Read the whole page watch the video do some real DD and get back to me ;)
Settlement in seconds, not days
https://ripple.com/solutions/cross-border-payments/
Read the whole page watch the video do some real DD and get back to me ;)
33
Cash
2023 Jul 21, 8:50am
Why do I hold $XRP? This video should make it clear.
https://twitter.com/i/status/1575880960041943040
https://twitter.com/i/status/1575880960041943040
34
EBGuy
2023 Jul 21, 2:19pm
Create 100 billion XRP out of thin air.
Trust Us
During consensus, each server evaluates proposals from a specific set of servers, known as that server's trusted validators, or Unique Node List (UNL).5 Trusted validators represent a subset of the network which, when taken collectively, is "trusted" not to collude in an attempt to defraud the server evaluating the proposals. This definition of "trust" does not require that each individual chosen validator is trusted. Rather, validators are chosen based on the expectation they will not collude in a coordinated effort to falsify data relayed to the network 6.
Trust Us
During consensus, each server evaluates proposals from a specific set of servers, known as that server's trusted validators, or Unique Node List (UNL).5 Trusted validators represent a subset of the network which, when taken collectively, is "trusted" not to collude in an attempt to defraud the server evaluating the proposals. This definition of "trust" does not require that each individual chosen validator is trusted. Rather, validators are chosen based on the expectation they will not collude in a coordinated effort to falsify data relayed to the network 6.
35
WookieMan
2023 Jul 21, 5:30pm
WookieMan
2023 Jul 21, 5:30pm
When the shit gets rough in crypto this is when they come out of the woodwork. They lost their ass. They're freaked out. So they try to pump it on sites they visit every 3-9 months.
Not trying to be a dick, but this pattern has played out over and over. People got over leveraged in fake money. Enjoy the gains if you got them. Highly probable one didn't. It's okay. I'd frankly get out of the dumpster fire even for the few times it jumps.
Not trying to be a dick, but this pattern has played out over and over. People got over leveraged in fake money. Enjoy the gains if you got them. Highly probable one didn't. It's okay. I'd frankly get out of the dumpster fire even for the few times it jumps.
36
Cash
2023 Jul 22, 7:01am
Some facts...
If their is anyone that has been more transparent who has posted about crypto anything it's me. I disclosed when I sold most all my holdings in 2021 and besides sharing a bit about $XRP and that I would post when I thought there was something worth posting. Just to be clear anyone who has read the crypto posts know this would be the last place to try and pump and suggesting that is the case is just another personal attack and insult, I have traded
currency for 25yrs. and if anyone knows like I posted earlier retail does not or at most minuscule moves any markets.
It is more then obvious that the derogatory na-sayers posting don't read a bit about what was actually posted and shared and are either "by choice" totally ignorant, uninformed, foolish or "eat to much dick" you are what you eat they say, or are holding bags of underperforming tokens such as BTC or ETH.
Do you notice "they post without any receipts to support their opinions" but rather just direct or off-hand personal insults?
No you don't, not 1 single fact of refute. I challenge the posters who wants to call into question my motivations to actually bring something to the table that is any kind of proof and just not insults, which they simply can't do because it doesn't exist.
If their is anyone that has been more transparent who has posted about crypto anything it's me. I disclosed when I sold most all my holdings in 2021 and besides sharing a bit about $XRP and that I would post when I thought there was something worth posting. Just to be clear anyone who has read the crypto posts know this would be the last place to try and pump and suggesting that is the case is just another personal attack and insult, I have traded
currency for 25yrs. and if anyone knows like I posted earlier retail does not or at most minuscule moves any markets.
It is more then obvious that the derogatory na-sayers posting don't read a bit about what was actually posted and shared and are either "by choice" totally ignorant, uninformed, foolish or "eat to much dick" you are what you eat they say, or are holding bags of underperforming tokens such as BTC or ETH.
Do you notice "they post without any receipts to support their opinions" but rather just direct or off-hand personal insults?
No you don't, not 1 single fact of refute. I challenge the posters who wants to call into question my motivations to actually bring something to the table that is any kind of proof and just not insults, which they simply can't do because it doesn't exist.
39
Cash
2023 Jul 22, 1:26pm
“Ripple Wins”
Coming to a theater near you. 🍿 #XRP
https://twitter.com/NFAdotcrypto/status/1679717716087767041
Coming to a theater near you. 🍿 #XRP
https://twitter.com/NFAdotcrypto/status/1679717716087767041
40
richwicks
2023 Aug 18, 1:04am
richwicks
2023 Aug 18, 1:04am
Is @Bitcoin still alive, or did the vaccine kill him?
I am seriously curious.
I am seriously curious.
positions but nothing to write home to mom about until last Friday. The token I have bought in mass is the only token in US with
regulatory clarity "and it isn't $BTC" which has literally 0 real utility and is bought with the idea of
store of value and never will be much more then that, that is if it can even retain that assumptive use case.
The Token I already owned and am buying in mass is $XRP, which on Friday received legal clarity that it is not a security.
Short analysis is now institution in the United States can buy and use this token, and they definitely will as are the gov., institutions and companies around the world are already doing so, but the real clincher is they will need to buy it in the open market with the rest of us. The company responsible for the creation of $XRP, Ripple lost a portion of the 2.5 yr law suit to the "SEC vs. Ripple" case if you are interested in the "what for's and whys" of the case.
https://ripple.com/
BTW $XRP is now the only token that has "legal clarity in the US" and was re-listed by the US exchanges Friday as soon as the SEC lost this portion of their case and legal clarity was given that XRP is "not a security" and the token has gained 11+ billion in Market cap since.