/biz/ - Business & Finance

>>29965444
who the fuck thought giving that guy an interview was a good idea. his blatant lies are written on his face, he's clearly a patsy. meanwhile Michael Saylor is on NBC looking coked out of his mind, spouting ridiculous bullshit about how BTC is going to scale to a million transactions per second. ridiculous

at this point i genuinely feel bad about how hard BTC maxis are going to get screwed, this is worse than Gamestop by an order of magnitude, so many gullible redditors are going to lose their life's savings, their mortgages, their hopes and dreams.

one thing i noticed- yesterday, everything was crashing, BTC down to about 43700, the entire market down 10% or more, and then at about 1pm everything shot back up, a straight line on the daily charts- clearly a massive infusion of cash happened to stabilize the price, which is EXACTLY what the NY AG lawsuit against bitfinex and tether accused them of doing. to me it looks like they're putting increasingly flimsy and fake bandaids on the gaping wound of a fake market, propped up by fake money. if i had to guess all the (mostly Chinese) exchanges named in the lawsuit are in on it- not just Bitfinex but Huobi, Poloniex, i think Kucoin? It's basically market-wide endemic price fixing. Coinbase's suspicious outages are one thing but these allegations are something different and altogether more illegal.

This isn't going to be a "correction" it's going to be a massacre. I suspect the entire stock market is going to crash, probably much harder than March 2020, maybe even harder than 2008. we might see a virtual bank run and liquidity crisis, something unprecedented. and that, frens, is when the SEC lawsuit will be dropped and Ripple (and its very, very powerful friends and partners) will step in and save the day.

curious to see who gets left in the wreckage. I think the worst-offending banks might get fucked, basically Bear Stearns v 2.0- maybe HSBC, Deutsche? I wonder which American bank will get sacrificed.

>>27444105
good idea. working on it presently.

>>27443927
yeah i'm thinking it won't have any monetary value but will just be a mark of ID. now i have to set up a wallet, fund it, figure out how to issue trustlines/whitelist addresses etc...

https://www.theworldexchange.net/#about
i can't believe that site is real btw, or that the XRPL is real, for that matter

>>27362314
enjoy your fiat i guess lmao

>>24532579
obviously that's exactly why he did it and if you weren't retarded you would have seen that he was trolling

but this: https://www.sec.gov/news/press-release/2020-303 is unironically huge

have you guys read it? the SEC created an office focusing on Fintech and DLT tech (read: XRP and CBDCs) today, in order to provide regulatory clarity, which is what has been holding back the Switch from being Flipped

Established within the Division of Corporation Finance in 2018, FinHub has spearheaded agency efforts to encourage responsible innovation in the financial sector, including in evolving areas such as distributed ledger technology and digital assets, automated investment advice, digital marketplace financing, and artificial intelligence and machine learning. Through FinHub, market and technology innovators as well as domestic and international regulators have been able to engage with SEC staff on new approaches to capital formation, trading, and other financial services within the parameters of the federal securities laws.

>distributed ledger technology and digital assets
>parameters of federal securities laws
>regulatory
>fucking
>clarity

>>24532601
rip my dude Jacques de Molay. if i could have a beer with anyone in history he'd be in my top 10 easily. my guy Giordano Bruno too. sucks how they did Hiram- in his friend's house, no less.

>>24438527
hard to say how Ripple's market share will increase (presumably they won't take over everything immediately) and what role on-demand liquidity will play (if everyone will use it right away or if it'll take time) but still...$2k is realistic if Ripple captures even part of the overall market share.

And then, after cross-border payments, derivatives!

>>24362583
>ripple is on the certifying board for ISO20022, hence the title The Standard
>ripple, r3 corda and SWIFT are working together https://www.finextra.com/blogposting/17188/blockchain-corda-settler-ripple-and-swift-a-mariage-a-trois

>ODL is going to be a function of the CBDC-based economy, acting as a bridge between different central bank-issued currencies. saying that XRP is a scam because ODL isn't used yet is a logical fallacy because there's no reason for ODL to be used yet.
however, when CBDCs go live, it is reasonable to assume that Ripplenet partners (i.e. banks and central banks and huge corporations) will use ODL (read: XRP) to secure a competitive advantage in both price and speed

Western Union's CEO is a really great and unbiased source of information on their direct competitor that will render them obsolete

You're right on one thing, though: Brad Garlinghouse did fuck my mom. I actually was pressing my eye up against the keyhole and masturbating furiously. I was the one who introduced them. Brad has a weird-looking dick, it's kind of curvy and droopy. I hear a lot of high-functioning individuals have weird dicks, some Freudian thing. anyhoo,

btw Ripple and Flare are going to render Link obsolete, link related:
https://www.coindesk.com/ripple-wins-us-patent-for-new-oracle-based-smart-contract-design

>>23508734
i cant believe people still dont get that they cant just pump and dump metals. go buy some more shit coins

>>21194332
>letting 15 minutes shake you
>its really this easy
pathetic, now it the time to buy

Will the USA ever pay denbts?
It doesn't seem mathematically possible.
So what's the endgame here?

>>20569085
there are much bigger problems