Ripple (XRPUSD)

[MindlessSelf]

Did you hold xrp on uphold on 9/1/23. If you did tbey took a snapshot and you got evr.

I held on there the max limit of 50k xrp and received 104.44.

I held the max limit 50k on XAMAN and received 130.72.

So it looks like uphold took a percentage for themselves yet I see no acceptance of that from them.

[GreedyAgorist]

Guess my subtle attempt to pump XRP failed. (Although looking better today.) Are people not buying the idea that this ecosystem is a good place for airdrops? FLR is now my hope to recover from the Cred bankruptcy disaster. Wouldn't it be funny if FLR flipped XRP? (On price per coin, not market cap; that would be the apocalypse.)

Speaking of flips, I wish I had put more into Solana once I realized it would flip us on the market cap list. But then if I had done that, I would probably have taken profits too early. As it is, I have to hold until 150 before considering selling even one SOL.

Speaking of airdrops, I got an email from our friends at Uphold warning of a phishing scam, and then another from them half an hour later saying I got some EVR. What is that? Something I earned from holding XRP, FLR, SGB, ExFi, or SOLO?

Another message from Uphold: One of my limit orders got bonked... if you know what I mean.
: - )

[Alpha611]

Bet you never gave it much thought that XRP & Security are in this together.
Something works you stay with it. JMHO

[MindlessSelf]

Did not think it was going to be a red day for xrp

[MindlessSelf]

I think you had to have solo for coreum. I have one penny worth of coreum on a solo DEX. I converted everything into xrp EXCEPT Flare. I’m glad I kept all that. When Nexo left the US and I no longer could earn passive income on xrp I took my Nexo and converted all that too into flare. Right now in US flare is my only option for passive crypto income that US hasn’t stopped. So I will route for the little guy and hold that one through all airdrops to see if it amounts to something big. But my passion is still all in xrp. Bitrue shut me out from deposits but I can still earn a messily 1.5% apy in xrp with what I have there.

I am hearing though that Flare with Fassets is working on a way to wrap xrp and make it a passive income asset. Will have to wait and see.

[GreedyAgorist]

Was everyone here for FLR? Finally flying. Could the little coin lift the bigger one? Maybe the success of an airdrop will encourage people to come in anticipation of another one. Although, I still don't know where my Coreum is. Not on Uphold; maybe in a XUMM wallet? [Shrug] Or was I supposed to be doing something other than holding XRP for that one? Guess I failed to read the instructions correctly.

Maybe it was for SOLO, which I got along with Songbird and Flare (the Spark token name just did not stick, did it?), and another one... ExFi, I guess, but maybe so little SOLO, it did not merit a single drop (or drip) of Core from my "friends" at Uphold.

[WolfOfGrnStreet]

Ci! $$$$$$$$

[ceaa]

Long time researching all those SEC 🤥 Clayton and now Garry..I just hope that Trump gets right there were he should get so that we could get a new administration = good times for Crypto.
Never forget Garry was Biden administration...

[3antar]

Thank you for nudging XRP

[ceaa]

Only explanation for new Investors is they need to have lots of time and nerves for XRP ,investment horizon about 10 years from now 🤦😂😂💀⚰️🥕🥕

[ceaa]

Xrp snailling around as always.😂😂

[Alpha611]

Yep! And even though I believe at some point XRP and security are in this one together. Supporting each other.
Feel the time is close enough where they agree to let it run being both hands are where they want to be.
Wouldn't be surprise if they shared the same (house.) ( :

[Alpha611]

Every thing has a price. EVEN security. ( :
That being said. My guess is good as yours. Like most here.
At the point of no return. with the amount of time that has passed already.
Be foolish to walk away now. Don't let security have a say in that.

[ceaa]

Good luck ..I'm not that old , but this turns out like we are all going to order a coffin before it happens.
Just going to buy Pepe and other stuff (joke)that is not very relevant to the SEC AND wrote on ERC's🤦
FTX exchange (SEC) allowed....and now...sec is going after Coinbase, SEC trying so hard to sell ETF's at the traditional PAPEr exchanges after throwing people that knowledge that the crypto exchanges are not safe Story .
See I can't even hold a stable coin in my ledger if I don't buy a LITTLE Ether for that GAS burn 🤭 I like the SEC it's already set and done .
I don't know but Ripple is another chain ⛓️ block....see if Ripple gets there.🤞

[ap17]

RIGHT HERE THIS FORUM< AND MORE THAN ONCE. OUCH!! Talk about stupidity, it was the dumbest post on the net thus far. sig. here defines you well. Truth hurts, huh Princess??

please show where I said I bought at .04 or shorted at .48........

[Alpha611]

Early yet. Still have a few more years. JMHO

[ceaa]

Im starting to hate the SEC plus Ripple!!
Almost a Half decade ago and this shit show is still going.
I think we are not going to make it into the next bullrun.
I guess the SEC doesn't like coins that are not running under ERC20 codes 🤔

[Brokemillwright]

Just like last time, keep drilling. The only thing you struck was out. So again, please show where I said I bought at .04 or shorted at .48........ Again, a pattern of being a loudmouth and a liar then screaming fire trying shift the microscope off your self. Ha, your gonna be your own bank cause you spent a few hundred on XRP at .24 don't worry, you chance to average down is coming ;)

[Alpha611]

Until XRP starts moving again. Can't we keep him here for entertainment! 😝

[delerious1]

you 2 should get a room...and spare us

[ap17]

STRIKE a nerve?? or should I keep drilling. Posted here for all to read, reddit even started a thread named after you're Failure .48 short. OUCH!!
Looks like you missed out again Missy. Go short shill elsewhere. Not working here from 2 digit IQ's like yours.

[Brokemillwright]

Na, wrong on both counts. Please show where I said I bought at .04, hey please show where I shorted at .48 as well. You have a predictable pattern of being a loud mouth and straight lying. That all good tho, you only have one or two shill friends here. Missed the train? Nope, reality getting close to setting in on you shills. Hope you took profits since you bought at .24, we all know the folks that bought at .04 are way ahead and sell on these little pumps that constantly get rejected on the trend line. No soup for you princess!

[Alpha611]

If true,
Think the timing and implications with the USD (or IRS) will implode end results.
JMHO

[Alpha611]

lol....Sounds scary !

[ap17]

Got this email today.

If you purchased the digital asset XRP,
a class action lawsuit may affect your rights
A United States Federal Court authorized this Notice. This is not a solicitation from a lawyer.
A lawsuit is pending in the United States District Court for the Northern District of California (the “Court”) against Ripple Labs, Inc.; Ripple’s subsidiary XRP II, LLC; and Bradley Garlinghouse, Ripple’s CEO (collectively, “Defendants”). The lawsuit is known as In re Ripple Labs Inc. Litigation, No. 18-cv-06753-PJH. The Court decided this lawsuit should be a class action on behalf of a “class,” or group of people, that could include you. This Notice summarizes your rights and options before an upcoming trial in October 2024...........

[Alpha611]

Man thats fantastic. No need to ever let em go now. Best of luck!

[ap17]

NICE, had that big 4 myself way back, still own 3 of them.

[Alpha611]

Did! Started back summer 2019 first trying coins out with Link.
Bulk of my investment went in to XRP for personal reasons. Once I understood some of it.
Started playing the big 4. BTC,ETH,LINK & XRP !
Made over 650K with XRP not knowing what the hell I was doing. Thats when I started jumping in with the others.
After some time figured X was good to me So I started again with em and others .
Jumped back in with X 2 years ago but with no movement took a small lost and went back with the NASDAQ.
Figure enough time passed again so jump back in 2-3 weeks ago trying my luck with 5k shrs. Just have that feeling again. lol If she starts moving again. Ill start adding again. lol

[ap17]

Nice try princess, but you sure didn't buy at .04. You missed this train and you're panties have been in a bunch ever since! Calling shorts at .48 etc.....
Not happening, as they pass you around for thrills. OUCH!

[ap17]

I thought you sold out way back.

[Brokemillwright]

Ha! That's the funniest thing I'll read all week! "Durrrr, I went all in ay .24 cents. Just waiting til the day I wake up and I'm da bank" lol!!!! How about the people who bought at .04 and lower? Keep dreaming little princess, your rent money will NEVER make you enough to be your own bank, unless your one that lives off food stamps and don't need much.

[trunkmonk]

i never said anything should be pegged to gold. and of course scalability is just another word for printing more. what i believe, and have heard, the only currencies that will have any leverage in the near future will be tied to gold, not pegged to it. almost every crypto lover since its inception tries to make BTC or their coins look like gold but always steer away from saying the words. its actually humorous, but in fact gold and silver is the only real money the world has ever had. ill call the flock of believers in crypto Lemmings, cause they just go with it and have absolutely no understanding of the world of finance other than as a way for transactions occur. even talking world bank without IMF is just 101 level stuff. im not talking pegged or backed, im talking tied to real money to make it legitimate form of anything. the next system has to be based on trust and intrinsic value, only gold can do that, the rest is just marketing and opinion.
people went with the inferior DOS system or even Apple back in the day, they either wanted to play with it or didnt want to do anything which was DOS and Apple, in actuality IBM OS and Office suite, or Lotus, was far superior in everyway. that cant happen in finance, it will be based on satisfying how world finance currently works with Trust at its core. BRICS is going to do it as long as US doesnt destroy all those Nations with war and threats, or Fed coin will deliver when its ready.
there are 7 billion ag/oz in the world, its no different then the limited scalability of BTC or other block chains, there will be more found or created to its capacity, but the value of each unit will change. when someone says gold is not scalable then i see bias, or greed. money managers make their money off of loose fiscal policy, gold standard is no more because of that reality. The ultimate crypto solution will have gold tied to it, and the one who can find a way for transaction of physical gold on demand will be accepted by every country. IMO

PS i thought it was Oracle and IBM...

I just had a thought, every person bord could be allotted an oz of gold, Novel thinking to put all on equal leverage from birth, the rest can be mined for those who want more to keep or sell.

[TheFinalCD]

poor ben, he is swirling the bowl

[WiseYoda]

Ive heard many say XRP will be backed by gold but that doesn’t make any sense to me because XRP is a bridge asset. It looses all its scalability, speed, decentralization if it got pegged. It defeats the entire purpose of the goal in having all value run on the XRPL.

Having stable coins though pegged to gold collateralized by XRP on the XRPL aligns with the overall goal. Its like XRP would act as a large reserves vault for everything running across the XRPL.

Commodity backed stable coins by gold is unfolding—the bill for it has not been voted on yet (see link below). The financial war of having all value run on its blockchain is real and brings the battle between ETH and XRPL to mind.

Thats what the lawsuit against Ripple is really about as they are a threat to JPM who is behind ETH. In comparison to efficiency, speed, cost, cross offers, conversions and pairing for the best rate ETH loses against the XRPL.

PS: Many like to bring up XLM with XRP as well because of their history together and because they are fork of the XRPL and are connected to IBM.

Stable coins offer instantaneous processing as well as stability in pairing against fiat currencies and the only two digital currencies that fall into that category is XRP and XLM.

Nobody knows how this story ends or who will be the king of the hill but if a gold backed stable coin gets implemented onto the XRPL its going to be the start of a major transfer of value onto the XRPL.

LINK:

When Gold Backed Stable Coin? “Commodity Backed Stablecoins”

“Its Stable Because The Value Of It Represents One Ounce Of Gold” -Warren Davidson Speaking On A Possible amendment to HR 4766 “Stablecoin Act Of 2023” #XRP #RippleXRP
(Circa 2023) pic.twitter.com/cRZs8Xo3DR

— 𝙈𝙚𝙩𝙖𝙈𝙖𝙣 𝙓 ™ (@MetaMan_X) November 20, 2023

[Alpha611]

DAM!
Guess I don't belong here. Im waaay out of some of your people league.
Guess I still have way to much more to learn with these conversations.
BUT ! All said and done, Just hoping im on the right train. Good look every one.
PS...Wondering if anyone is familiar with a company name JOBY and thoughts on them if any.
They look promising with ERP do out this week. Thanks

[trunkmonk]

ok i see merit with some of the scenarios or logic.

[Dogger05]

CBDC would get converted just like xrp gets converted. I was using the big short example not to say scenario 2 appears to be a default credit swap, just that the scenario appeared to be some crazy type of synthetic asset that is a far out of this world to understand. As far as xrp being used to launch CBDC, now your finally on to something…I guarantee that will happen, your other 2 scenarios will not. IMHO…..

[WiseYoda]

Both scenarios make sense, and no, its not like credit default swaps or any other derivatives. No debt system here—only the Internet of Value system.

I lean towards the second scenario I mentioned because its a two tier system and it makes perfect sense for XRP to back an asset (gold) backed stable coin on the XRPL as collateral.

Funny how you say you don’t understand but still speak in an absolute that XRP will “never” be a stable coin even after I shared what CTO Schwartz said and what the Capco document stated so yes XRP could very well back a gold backed stable coin on the XRPL.

What does this mean? It means in this scenario XRP would be classified as a stable coin, “but in a different way”, because it would be “backing” a gold backed stable coin on the XRPL.

This is a plausible scenario as Ripple already launched a platform on the XRPL for stable coins just last year. The writing is on the wall and we may very soon see a gold backed stable coin on the XRPL.

You said if you have CBDC’s you don’t need XRP for cross border payments because you just send the CBDC and it will just get converted to local currency? How will it get converted? Ill wait…

What technology do you think the order books use for cross conversions, pairings and offers for CBDC’s? CBDC’s just don’t convert and pair currencies like how XRP does. This is disruptive technology and the utility of this technology is what’s used to make it happen. Whose utility though? Thats the question….

Why would Ripple launch a CBDC platform for the development of CBDCs if their technology isn’t needed for CBDC’s?

LINKS:

Ripple Launches CBDC Platform for the Development of CBDCs and Stablecoins: https://www.businesswire.com/news/home/20230518005115/en/Ripple-Launches-CBDC-Platform-for-the-Development-of-CBDCs-and-Stablecoins

Ripple reveals 8 countries building CBDCs on XRP Ledger: https://finbold.com/ripple-reveals-8-countries-building-cbdcs-on-xrp-ledger/

CBDC Platform - Comprehensive, Stable, and Secure: https://ripple.com/solutions/central-bank-digital-currency/

[Dogger05]

Look man I’m not bright enough to understand scenario 2. It sounds like a synthetic debt instrument, just like the ones that were undertaken in “The big short” (you know this asset is securitized and it becomes that asset, and then that asset is securitized again and becomes another asset, and so on and so on and so on) I can tell you though that Scenario 1 makes zero sense because if you have a CBDC you don’t need xrp for cross border payments, you just send the CBDC and it either gets converted to local currency (just like if you sent XRP) or it stays in whatever the native currency of the CBDC that is sent. Xrp is not a stable coin, will never be a stable coin, but that doesn’t mean it won’t have utility…

[WiseYoda]

:)!!

[ap17]

Thanks WY, not going anywhere, waiting for the day when I'll be the bank as WI says.

[WiseYoda]

Very nice! Hope you’re doing well and good to see you’re still here.

[WiseYoda]

On the heels of World Bank categorizing XRP as a stable coin and now auto bridging? This is native to the XRPL meaning its built into the ledger (layer one) and any automated market maker can use this (watch video below).

This makes XRP even more liquid then it already is with better cross offers, conversions and pairing with the best rate with anything else thats out there.

This is next level bridging and is why it enhances liquidity. Although this has been a tough hold Im not going anywhere. Its clear what they’re aiming for and if they succeed things will change overnight.

LINK:

XRP is used as the 𝙤𝙣𝙡𝙮 bridge currency in the Autobridging feature of the XRP Ledger.

New proposal XLS-60D aims to set Autobridging, to be considered by 𝙙𝙚𝙛𝙖𝙪𝙡𝙩 to bridge issued currencies via XRP

The XRPL AMM can use Autobridging too!

What's Autobridging again?👇🏼 pic.twitter.com/FNCOdzOIWE

— Vet 🏴‍☠️ (@Vet_X0) February 18, 2024

[ap17]

Same holding both too.

[WiseYoda]

Hey old friend—I hope you’re well and Im still holding as well and keeping my chips on XRP black. Holding a good amount of XLM as well but my largest holdings is XRP.

Go XRP!

[Wooden Indian]

Thank you, WiseYoda. Good to hear from you. No need to ever sell XRP.

[WiseYoda]

This is speculation based on the World Bank categorizing XRP as a stable coin as well as what Ripples CTO David Schwartz stated in an interview. Its worth noting that since 2012 no stable coin has ever been on the XRPL. I don’t think thats by accident.

Two scenarios here. Lets say for the first scenario XRP becomes a neutral stable coin for cross border transactions for CBDC’s.

Well, it can’t be cheap because you cant be using hundred of millions of XRP to send CBDC’s all around the world so it would have to be pegged to an asset like gold or to a basket of currencies.

A second scenario would be using cryptocurrencies themselves to back a stable coin. Schwartz says XRP could be used to “back” a stable coin. This means you would have a stable coin pegged to whatever asset or currency its pegged to and XRP. It would be a two tier system that would use a cryptocurrency as collateral.

Schwartz explains XRP being used in a different form like this and described it as a different unit of account but it would still be considered a stable coin because it would be backing a stable coin.

This scenario would make CBDC’s attractive enough for the public to accept as a form of payment. It would be having a two tier system for the stablecoin that would be used to send CBDC’s all around the world.

TWITTER LINK:

To clarify the conclusion I’ve come up with Capco doc regarding XRP as a stablecoin, we look at David Schwartz XRP backed stablecoin further in detail. It’s not XRP that will be backed but XRP that’ll back the stablecoin. stablecoin is still XRP but w/a different unit of account! https://t.co/NamPXPmSFP pic.twitter.com/A75Juy4Yq5

— Mickey_B_Fresh☀️🪝 (@MrFreshTime) May 11, 2020

[trunkmonk]

just like every other market bubble, the Ripple effect is coming, but not like they think. they are so used to watching a stock go up without understanding anything about why or market and economic forces behind it. so when they used to turn PC on and watch, they watch it go up, they are happy. so they now think they can turn on PC and its supposed to go up and when it dont they somehow feel good, maybe something they ate, and somehow know it going up, because when they used to watch it, it eventually went up. and like every bubble popping in history, there was gnashing and grinding of teeth. they all get angry and blame someone.

[Brokemillwright]

The answer to that question is literally your name.

[Dogger05]

Well there is a limit if it’s stable to a certain asset and the limit is the value of the asset. So with xrp, for example, I can see it having utility in the trade finance world, which is worth Aprox $20 trillion USD annually so if xrp were to become the sole medium of exchange in trade finance then its market value would theoretically be 20 trillion. But that wouldn’t make it a stable coin, it would be a utility coin.