Replies to post #27619 on Ripple (XRPUSD)

[tredenwater2]

Hey Wise Yoda, I kind of got the impression that bringing banks “on line” like the some 42 (?) in Japan and in other countries would put upward pressure on the coins usage which would cause price appreciation. In watching the price it doesnt appear to move separate from any other crypto. I know we are still early but the further this goes it seems it is setting up to be a other big etf for the HF’s in a way. In reading the whitepaper on the Flare token I get the impression XRP really wasnt intended for retail but more for banks.

As I read the whitepaper for all the Flare “products” it talks about a layered financial ecosystem. Plenty of room to make money in there but most of it is not for me. One of the problems I have is that it funnels money into the “foundation” controlled by directors and I looked around and couldnt find any info on the new directors unless they are the directors of Ripple. I also kind of get the impression from the “three pillars” in white paper that its moving to support a new form of socialism. Call it the conspiracist in me but the devils always in the details. Not saying what they are doing isnt going to benefit/fix the financial system but the autonomous control over such a system is tricky. Looks like they have though designed a way for the “ecosystem” to dissolve the “Foundation” and liquidate its assets, convert them to Flare and burn them.

In todays rapidly changing PC world Im not sure how a consensus is formed to handle the complexities of what they are trying to achieve.

The Three Pillars of Flare Finance
The Foundation, through its inception and growth, will strive to deliver products and support companies that:
1. Health - Promote overall growth of the human physical, mental, spiritual, and financial well-being.
2. Creativity - Support the exploration and nourishment of creativity and innovation.
3. Opportunity - Encourage the fair growth and availability of opportunity for all.
Through this we hope to promote not only a positive financial impact, but also a positive moral, and physical impact on the world. That being said, FinTech investments will have a primary focus on supporting medical and nutritional programs, technologies, modern arts, youth and third-world centered business and education, as well as charitable foundations and organizations.
The power of a properly governed Foundation can promote global change and innovation for its community, supporters, and investors alike. While the intentions of the Foundation are positive, the Ecosystem has the right to dissolve the Foundation if they would like to do so. Upon dissolution, all assets held by the Foundation will be burned, and any cash assets will be used to purchase YieldFlare (YFLR) and YieldFin (YFIN) tokens respectively, and burned from existence

I encourage all to read the white paper.

file:///var/mobile/Library/SMS/Attachments/be/14/59355C51-5340-4038-AB36-C7622FEE863F/60a6b4ea53a41000e4bb7d1d_Flare%20Finance%20-%20White%20Paper.pdf

Tred

[KC01905]

I loved that dip into the .70s but it’s just an accumulation game at this point until launch. So every week I make a small donation to the XRP retirement foundation. My secondary account has a much higher average but already holding more then some. Every week til we hit $5 I buy.