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Re: europa7 post# 12864

Friday, 02/21/2020 12:57:08 PM

Friday, February 21, 2020 12:57:08 PM

Post# of 36234
Yes indeed....here is my two cents about these crooks who absolutely caused the 2008 crash! Thereafter, BTC was born two years later for the purpose of operating around the system and excluding the bankers/government. Its an honorable feet but the likelihood of a global financial system operating without the government is like saying a mafia ran organization will go around the hierarchy and not pay its dues...it just ain’t gonna happen. Everyone in the crypto market was die hard about excluding the government from this new decentralized system but Ripple was one of the few who foresaw it was just not practical.....and they were correct. Although everyones conviction was to exclude the government its just not possible and the funny thing is now everyone wants regulation in order to bring legitimacy to the crypto market. After the crash the government removed the banks ability to buy, sell or hold any form of securities/assets/commodities because of what happened in 2008, BUT recently in late 2019 they amended this law that now gives banks more leeway to buy, hold and sell but ONLY for liquidity management. Everyone knows why they amended this and what it means as no other digital asset is as a scalable and liquid enough for the global market except XRP. Nothing comes close with 50,000 transactions per second...not even Visa/Mastercard who use to be the most scalable in the world at 24,000 transactions per second can touch this. The day draws near when all 300 of Ripples customers will multi-hop over to utilize ODL for liquidity management and that will be just the beginning. Bottom line is we cannot control the government nor stop them but if one can capitalize on the changing of the guard that is underway and unfolding before our very eyes then I say one should do so.
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