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/biz/ - Business & Finance


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30019400 No.30019400 [Reply] [Original]

previous >>30001895

Wonderful Things Are About To Happen edition

Americans can still buy XRP on Uphold or Bitrue
or on the XRP ledger https://xrptoolkit.com/trade
or on XUMM app (with USD IOU's from Bitstamp)
XUMM instructions https://postimg.cc/LqLWr0mn

>Flare Finance PUBLIC BETA:
https://flarefinance.medium.com/flare-finance-the-open-beta-begins-b6061c6b9e71
>BETA Preparation:
https://youtu.be/FgUT5PjPy-o [Embed] [Embed]

>Ripple’s Response to SEC Lawsuit:
https://twitter.com/s_alderoty/status/1355212298814693380
>Lawyer Explains:
https://youtube.com/c/LegalBriefs/videos

>Flare (FLR) Overview:
https://youtu.be/ChMGCtuibsA [Embed] [Embed]

>Bitrue vs Poloniex FLR:
https://youtu.be/epEAgS3EV5Y [Embed] [Embed]

>Flare vs Ethereum:
https://youtu.be/rNwNRBbsEtw [Embed] [Embed]

>Flare Finance Intro:
https://youtu.be/_mto6QcUqZU [Embed] [Embed]

>Flare Finance FAQ:
https://youtu.be/U9Rs_DyuAq8 [Embed] [Embed]

>Flare Finance Wiki:
https://everipedia.org/wiki/lang_en/flare-finance

>XRP Ledger:
https://dex.xrplapps.com
>XRP Charts:
https://xrpcharts.ripple.com
>XRP Richlist:
https://ledger.exposed/rich-stats#percentage

>Insiders/UHNWI/Mellon/Lore:
https://pastebin.com/Z39w20qf

>Twitter:
https://twitter.com/JoelKatz
https://twitter.com/flarenetworks
https://twitter.com/flrfinance
https://twitter.com/CommunityFlare
https://twitter.com/bearableguy123
https://twitter.com/looP_rM311_7211
https://twitter.com/PRX113 [Mr. Pool archives]

>The Myth of Market Cap:
http://galgitron.net/Post/The-Myth-of-Market-Cap---Version-2
>XRP FUD BINGO:
https://fudbingo.com

>Past /XSG/ Threads:
https://pastebin.com/pZdQbREq

>What wallet do I use?
Hot storage - XUMM, Exodus or TrustWallet
Cold storage - Paper/Metal or Ledger/Trezor

>> No.30019468

FUCKING DEAD PIECE OF SHITCOIN

>> No.30019472
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30019472

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.30019566
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30019566

>>30019400
Blessed Baker digits
Wagmi

>> No.30019627

I AM BEING GANGSTALKED BY KIKES

>> No.30019647

>>30019400
WHEN MOON?
>>30019472
Based.
>>30019468
For some reason, also based.

>> No.30019651

I can only hang on to my job until june before I most likely would get non-renewed. I have 100k xrp. please tell me I'm gmi and won't have to find another job.

>> No.30019659 [DELETED] 

keeek
what are you waiting for?
still don’t know about fucking best Justliquidity??
>>how dare are u? how can you use staking on erc?
Check top yield staking on binance smart chain

>> No.30019666

Is March our month boys?

>> No.30019678

>>30019400
bless the baker. hope we have a classier thread this time. stop hurting people with your vocalized ignorance. love to you all anons.

>> No.30019733
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30019733

Hey lads, please don't talk too loudly. My cat's asleep.

>> No.30019746

bless the baker
>>30019308
is this dude still here, i want to talk to him. some said he was fudding? but i didn't see it

>> No.30019885

just give it straight to me bros.. are we gonna make it?

>> No.30019938

>>30019746
He is a fudder for the simple reason that he's trying to mislead people so they misallocate their funds. This is masterclass level, and not the brainded obvious broposting or shitcoin fud.

>> No.30019954
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30019954

That last thread really started to shit the bed, lads

>> No.30019959

>>30019746
He was just a namefag in hiding. Namefagged himself at the end and even threw in the ole redditor "y'all."

>> No.30020034

>>30019938
i see
>>30019959
got it

>> No.30020207
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30020207

There's a good chance there is going to be a push to make this place as uncomfy as possible
Hold strong schizos, wagmi
>>29999999

>> No.30020322

>>30019746
I made him cry. He didn’t understand DLT was the future of banking he thinks BTC will be world reserve currency

>> No.30020352

>>30019746
dont listen to this morons anon. make your own decisions. you are an antenna and ultimately responsible for what you allow to dictate your impulses. I come from a place of love and massive amounts of time spent researching. these kiddos are ungrateful and unknowledgeable and legitimately don’t understand the very asset they claim to be maximalists of. you can’t have energy imbued in a digital system without debt being spent to create credit. bitcoin literally makes xrps entire use case possible. everyone at ripple is long bitcoin. trust me. don’t be fooled.

>> No.30020435

>>30019746
>is this dude still here
Yes.
>>30020352

>> No.30020438

>>30019938
kek.

>> No.30020444

When all of this is over, I would love a compilation of solved riddles with the solution and it's meaning. BABA pls

>> No.30020508

>>30019566
Chenked

>> No.30020554
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30020554

>>30020352
>doesn’t get spoon fed
>nyaaa they don’t know what they’re talking about...!!!

>> No.30020613
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30020613

Not trying to fud but 7500 stacklet here ive been watching the gensler videos and he seems to think xrp is a security ish and icos operate in the same way as ipo’s why is his potential confirmation a bullish signal for crypto i know hes a big crypto guy and understands the spce but i feel like im missing something

>> No.30020644

>>30020435
so were you basically saying that btc will still be around even after XRP moons? because the use case is different, and that it is still worth buying bitcoin if you can right now?

>> No.30020682

>>30020444
your home is a box, but you live in a dome
some things are better unanswered
ET, GO HOME!!

>> No.30020699

whoops >>30020435
meant>>30020352
for >>30020644

>> No.30020711

>>30020352
>kiddos
Instant story loss here

>> No.30020772

we aren't here by mere coincidence
everything you've ever done has lead to this moment in time
we're meant to be here
prepare yourself and the people you care about
something is coming and we're nothing but the messengers nobody will listen to

>> No.30020828

>>30020772
>the people you care about
Yeah, all those people.

>> No.30020858

>>30020613
i'm in the same boat as you. Gensler also doesn't instill confidence in me about it being a positive outcome for XRP

>> No.30020879

>>30020444
checked. no one solves riddles anymore. no one posts news articles. no one does any schizo posting. it’s just a bunch of children who think they got the world figured out because a bunch of wise anons fed them a year ago. I will never lose faith in people but we need better men who want to see their brothers succeed. breaks my heart to see such a lack of brotherhood and intellect in these threads. this isn’t the time to fuck around with others finances. “Yall” need to be better people. dont miss the revolution. you are insane to have zero bitcoin exposure right now. that isn’t shilling bitcoin. the conversation came from an honest place about a young anon asking for advice. so I gave him my perspective. then the clown show showed up and started spewing mud. so I made a huge fucking stink because it’s too goddamn important. grow up and help each other. all on the same team. good luck anons. enjoy the next few weeks, those that deserve it.

>> No.30020908
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30020908

>>30020352
>massive amounts of time spent researching.
And yet have so little to show for it.

>> No.30020916

>>30020613
Those videos are from 2015-17. Lots has changed in 2 years. He’s held hands with Brad garlinghouse at a limited seating restaurant trust me.

>> No.30020932 [DELETED] 

>>30020772
>something is coming and we're nothing but the messengers nobody will listen to
>the messengers nobody will listen to
this is already me

>> No.30020989

>>30020879
I have never seen a more weepy pussy on /xsg/ then this right here

>> No.30021015
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30021015

>>30020772
>wewps

>>30020879
im monkey #101
>captcha: green traffic lights

>> No.30021034

>>30020879
personally, i just got out off college, don't have enough money to get worthwhile gains with btc, so i am stacking alts. do you think it is worth buying btc even if you could at most buy a few thousand dollars of sats?

>> No.30021065

>>30020207
All those people fake cringing are going to rope after hyperinflation.

>> No.30021096

>>30020772
tell mansur to come back himself and stop sending his followers

>> No.30021355
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30021355

>>30020644
bitcoin is the protocol that breaks the petrodollar. you have to have energy tied to your financial system in order to make it hard to source. hence the gold/bimetallic standard. now we tie our dollar to petrol by forcing the saudis to only accept US dollar and thus creating a demand for it and keeping our inflation down. remember in March when everything broke and oil went negative? that was the petrodollar breaking. now we have Michael Saylor making a speculative attack on the US dollar, taking interest free loans to buy bitcoin, and his office is 25 minutes from the CIA. they know. They know what sha256 is. it’s obvious for america what needs to be done. we slam our huge treasury and bonds and other sovereign wealth accounts (totaling over 100trillion dollars) into bitcoin and hyper inflate our debt away. THEN THEN THEN we use xrp as a global reset to make sure the rest of the humans on earth don’t get left behind when a finite token based on energy goes parabolic. the xrp consenus is time based authority not universal mathematical authority like the Nakamoto consensus. insanely important difference. both incredibly bullish for the immediate and near future. but to misunderstand bitcoins role in this whole thing is disgraceful in a general over 780 deep. that’s all. make up your mind anon.

>> No.30021431

>>30020352
>bitcoin literally makes xrps entire use case possible
thats a new one

>> No.30021446

>>30019666
Yes but pls don't do these digits in xsg.

>>30019938
>One of the OG's is fud

u wot m8?

>> No.30021472
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30021472

>>30020352
>bitcoin literally makes xrps entire use case possible.
I've seen it all now, someone end this suffering

>> No.30021661

>>30020879
Most of us hold XRP

So I'm 100% invested into BTC getting an heroed by the entire global economy. I have lots of exposure to BTC..... lol

Anon, the people here gave figured out the world more than any other group of people on the planet.... yes, I know that sounds ridiculous and sad.... but now think how ridiculous and sad you idiots look to us....

A, anon.... I...

>> No.30021668
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30021668

>>30020613
The moon man is on our side.

"when the SEC does its job when there are clear rules of the road and a cop on the beat to enforce them our economy grows and our nation prospers.

But when we take our eyes off the ball-when we fail to root out wrongdoing, or to adapt to new technologies, or to really understand novel financial instruments things can go very wrong. And when that happens, people get hurt."

>> No.30021683

>>30021034
It's good to own some BTC but don't go nuts if you're a poorfren, Hold a make it stack of xrp and any other money put into flare tokens when they come out especially if you missed the snapshot.

Some exchanges give free btc for depositing fiat for the first time.

>> No.30021721

>>30021355
>muh million hours of research
You're dumb as fuck, you don't know how government fiat issued debt works
Debt jubilees have been done numerous times throughout history and they never once required muh shitcoin

>> No.30021783 [DELETED] 
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30021783

>>30021446
kek.
>>30021034
post your bitcoin wallet anon id love to send you some satoshis. I think bitcoin and xrp have easily the greatest upside for very different reasons, mathematical and political. I think getting a nice xrp stack is a good idea and then setting an accumulation goal for bitcoin. a tenth or something. whatever you can make happen. just my perspective anon.

>> No.30021860

>>30021355
This is really gay and you should stay in school.

>> No.30021868

>>30021683
i think i am priced out for BTC. Even if BTC jumped to 500k the amount I would gain from what I can put in is small. But yeah, flare for sure. I am getting close to 3k xrp. at 2624 now. it has taken awhile but ever bit gets me closer. will buy spark and algo next. been applying to jobs a lot

>> No.30021883

>>30021783
In your opinion what is a make it stack of XRP?

>> No.30021986

>>30021355
lmaoo this guy actually wrote all this gay shit out thinking people are gonna take it serious and not call him a faggot for it

>>30021721
>>30021860
mad funny

>> No.30022020

>>30021868
Xrp is not going anywhere. Hit your 3k and then save everything for flare. Just buy a shitload of it before the flare finance snapshot.

>> No.30022039 [DELETED] 

>>30021355
thanks for the write up very interesting.
>>30021783
38qwf8gipqssx381hjYH8ytUh96KjJT9iD
here you go, thanks fren. how do you feel about ALGO & HBAR? worth stacking or disregard and go for btc?

>> No.30022116

>>30021868
Algo is good if you can get 5k(I think) which gets you 1 algo per day from staking.

I hope BTC crashes again, I want to buy more at 15-20k. It'll be worth buying a whole coin or two when xrp moons.

>> No.30022138

>>30021860
>>30021986
I thought it was very interesting. seems like a legit way to wipe away the debt. and it would fit in with the great reset shit. plus govs, institutions are for sure stacking btc up.

>> No.30022205

>>30022116
if i understand algo correctly, it does what eth does but staking vs gas fee? so is it possible to think algo could reach eth price?

>> No.30022207
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30022207

$1.25 Ides of March

>> No.30022348
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30022348

>>30019733
HI KITTY CAT!

>> No.30022355

Oh wow
We're dumping again

>> No.30022357

>>30021783
thanks fren. means a lot. you are a good person, thanks for explaining the petrodollar crash thing. would you mind answering the question another anon said, about what you think a make it stack will be?

>> No.30022579
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30022579

>>30022138
>plus govs, institutions are for sure stacking btc up.
>governments
also the only institutions buying btc "now" bought majority of their bags back in march of last year and are just waiting for the right opportune time to dump on plebs like you

>but price go up forever
literally nothing backs btc but thin air and a cheap first movers advantage, , also the hopes to sell your bags to an even bigger idiot future

>> No.30022634

>>30022579
the scarcity and name recognition is what backs it up. store of value i imagine it will be used like that long term. it doesn't need to be peer to peer cash. the govs, institutions, banks, etc. will buy it up and keep it for themselves.

>> No.30022675

>>30019400
If you didn't sell for xBTC you're in for a world of pain in Q2.

>> No.30022708

>>30022634
lol scarcity yes let jeb dump on you for 2 years so scarce wow very value

>> No.30022714

Man... I don t know if i can wait another 2 years for xrp to make it...

>> No.30022777

>>30022634
okay anon you've figured it out

>> No.30022823

>>30022708
i think you just outed yourself pajeet, i was talking about btc not xrp

>> No.30022910

>>30022777
Checked

>> No.30022920
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30022920

>>30022348
Don't eat him please he's terrified

>> No.30022932

>>30022777
checked, and blessed. wagmi

>> No.30023048
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30023048

>>30022920
it's cool

>> No.30023082

>>30021355
You have it all wrong holy fuck. I appreciate you explaining your view point but the whole gold and oil standard isn’t going to work out. The globohomo is constantly talking about lowering energy consumption to reduce global warming, which is also an XRP standing point.
You also completely forgot to put Nostro/vostro AND the launching of an e-SDR.

>> No.30023312
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30023312

>>30023048
Thanks mate.

>> No.30023541
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30023541

>>30022357
>>30023082
... kek I’m literally saying the gold and oil standard is over ya dunce. the globohomo is distracting your dumbass with talks of banning it for energy reasons. you completely missed the point of what I said.
>>30022579
incredibly underinformed on bitcoin. bitcoin is backed by air but xrp is backed with what anon? bitcoin is backed by math and secured by the limits of thermodynamics. you are the middle of the iq curve. it is a store of value and a cross border remittance protocol. once it gets all locked up xrp will shine. don’t worry, you’ll see.
>>30022357
my pleasure anon. I promise I’m on your side and want you to succeed. enjoy the satoshis. hold them tight. as for xrp, at least 500 for suicide prevention. I’ve been giving my loved ones 500-1000 depending on how much I love em kek. if you can get 1000xrp and .25 btc and hold no longer than ten years you’ll be set for life anon.

>> No.30023653

>>30023541
im on a diff pc now, but same anon. thanks i will make it my goal to get to .25 btc already past 1k xrp. opinions on algo?

>> No.30023750

>>30021355
>we slam our huge treasury and bonds and other sovereign wealth accounts (totaling over 100trillion dollars) into bitcoin and hyper inflate our debt away
1. Why BTC ?
2. Why just BTC ?
3. CCP can control the hashrate if they want therefore a huge risk for any other country
4. BTC can't scale at all and too fucking slow
>time based authority not universal mathematical authority
You basically made up terms
xrp is also "universal mathematical authority", it's just that it doesn't add economic incentive on top of it leading to centralization in the end.
the best network possible for this kind of scenario is fucking xrp not btc

>> No.30023855

>>30023653
ALGO is solid and the staking rewards make it a super comfy hold. I got a small 3k stack, trying to up to 5k to get 1 algo per day from staking

>> No.30023880

>>30023750
you cannot argue with BTC maximalists, they're completely delusional

>> No.30023916
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30023916

>>30023653
of course anon. I showed everyone the USDC wallets before it was announced. I have a lot at a very low cost average. making over one a day. I’m concerned about overall tokeneconomics allowing a high price per coin, but I think the network could be worth a ton. it’s insanely brilliant work. just smart contract platforms require a political or social move spurning adopting. much harder to see the future playing out that way. versus say the disinflationary bitcoin or the deflationary xrp. (despite what all these fakeschizos say that think bitcoin is boomermyspace coin and don’t realize it’s the http or www of money and yet probably hold ada kek.)

>> No.30024018

>>30023541
Gold will never disappear, the banks will forever hoard them. You need to understand that all bitcoin has is security. It can never work for cross border and they will never use it for that. IMF already said no then proceeded to shill XRP without saying XRP. They’ve even talked about private/public partnerships.
Yo also have forgotten to mention the e-SDR that’s coming. There will literally be no need for a store of value when the currencies are finally backed by something.
>>30023750
This. XRP is trustless. Proof of correctness

>> No.30024234

When moon

>> No.30024244

>>30023541
>bitcoin is backed by air but xrp is backed with what anon? bitcoin is backed by math and secured by the limits of thermodynamics.
The whole "backed by" is boomer static thinking bullshit and actually the true middle of the curve.
What matter is just demand that's it, and the reason for the demand is entirely dependant on the object concerned and the context. what brings demand for cryptocurrencies in the future for example ? relative utility.
that's why it can't be "intrinsic" in my opinion because the value depend on the context, BTC will have less and less demand with time because the tech is inferior relative to, for example, xrp (For the niche xrp is intended to be used of course).
But right now relative to the perceived future value of the USD and the "memetic momentum" for it, BTC has value of course. But the "store of value" utility is fragile and will vanish with time because there are better protocol that can do "store of value" that doesn't cost you 2-3 digits $ to move, and doesn't takes hours to settle.

>> No.30024300
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30024300

>>30023880
I’m not a maximalist you dolt. I’m literally telling an anon about xrp and algo.
>>30023750
you are wrong on basically all of those points anon. xrp isn’t mathemical authority it literally uses a time based validation consensus to order transactions. kek do you even know how a fucking xrp transaction is processed? right now the game theory of bitcoin is protect the protocol, which basically has been done, and now they can slow add scaling to the base layer (uasf/segwit and now taproot) which add exponential scaling growth when extrapolated over the lightning network. do you run a node or have a lightning channel? ever done loops or seen what kind of routing is possible now? Kek. Pertinent scalability anon. Who gives a fuck about your 40k transactions a second when your core UTXO is a worthless insecure and mutable piece of crap? kek you should Google China bitcoin mining and sort for latest news anon. so foolish. You fell for the bait. bitcoin is mined like crazy in China because it helps the us so immensely and they fucked up. our biggest creditor, that isn’t Japan (kek ever wonder why SBI stood by xrp? hmm. maybe you can figure it out) is China and they are pissing themselves with what is happening. you doubt the art of the deal. sorry anon. energy game theory of bitcoin will play out exactly the opposite of what you think. It would encourage amazing strides in green and “renewable” resources. keep eating the lie anon.

>> No.30024413

No, XRP WON'T Make You RICH! Here's Why

https://www.youtube.com/watch?v=qB-uw1aL3eM&ab_channel=CoinBureau

>> No.30024474
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30024474

>>30024300
>t. Listened to Gensler's videos on YT

kek you have no idea whats about to happen.

>> No.30024585

>>30022039
I got a lil hbar stack, not yuge compared to my zerp stack but enough to make it i.e a suicide stack. Just buy all nwo coins and sit on it. All prices of a coin is a meme and hyperinflation is going to knife rape all the non crypto/silver holders. The stock market is a bubble and controlled, the fed went down for a night and meme stocks went right back up. Also make sure to hold enough fiat for flare and start praying to Jesus to be saved.
https://www.youtube.com/watch?v=vJFOXC1S6cQ&t=1s

>> No.30024587

>>30024244
How do people think a project that wastes >0.5% of the entire world's electric power can exist in the long term?

We're already at the point where governments are beginning to enact bans on gasoline powered cars.

>> No.30024592

>>30021355
You aren't wrong. BTC will continue to rise, look at the STOCK TO FLOW and you'll see that BTC goes through cycles, and this next time it'll go to 75k or 100k.

And that's when the FED will kill it.

See, you think that the FED NEEDS to be kill in order for this to all work. All of you are being duped by your own midwit normie tier thinking..... the idiots get it, once you tell them one simple thing.....

If you have to crash the economy as all the paid boomer shills say, "there will be chaos in the streets." All of these scenarios came and went in 2017.

It's too late now, the global economy doesn't need to have some doomsday scenario for any coin to have its day. The coming liquidity crisis will be solved by XRP as it too, BY DECREE is given its price by being pegged to the precious metals all the central banks have, through a system they will have partial control over (we need the banks to have UBI capabilty, ie money printing, paired with the autonomous industrial revolution) and they will call it the SDR, special drawing right.

Special drawing rights to pull out your precious metals as a sovereign nation, maybe even large multinational corporations as well. Now, the problem with this is that it still uses the same bullshit ponzi game nostro vostro crap. So how do nations trade and actually hold each other accountable?

They hold each other accountable with a global, supranational cryptocurrency that is deemed as such all over the world, one that is capable of working with the lowest priced fiats in Africa to the highest like the pound and the dollar. BTC cannot do that and XRP can, easily. As such XRP will be the standard currency while BTC is the "store of value" but my guess is that after this next top comes soon, the next bear cycle will NOT lead into a bullrun, for a long long time. And instead, all the money will slowly be siphoned off as the real best "store of value" is XRP, as it's the most liquid with the least friction.

>> No.30024600

>>30024413
This guy is a faggot.

>> No.30024648

>>30024018
>all bitcoin has is security
kek the state of fud these days is really weird. security is all you need anon. stop falling for bait.
>>30024244
it will have more and more demand anon. always. ledger space will get more and more expensive. bitcoin is the only asset in the history of the world that had a supply completely independent of its demand. you can’t send more people to the mine (say if gold goes up) and extract more. You can’t drill more holes or start processing shale like the US literally did once they made the price of oil go up. You have to look at the whole system. Bitcoin changes the energy dynamics of the whole loop and instead gamifies focused, clean and cheap energy rather than an asset that we need to send 64,000 troops to the Middle East every year to secure. wages have been kept down artificially. we will see that pop shortly and with it, everything else. Anon it already broke in March of last year and the smart money went all in bitcoin at 3k. I did. I hope for your grandchildren you hold some just in case this anon that cared this much to respond to all this was mayyyybe well read and knew what was going on. good luck.

>> No.30024909

>>30024592
holy shit we got some brains here! agreed completely except I don’t understand what makes you think bitcoin will suck up all these bonds and then splooge out its value to xrp just because of some executive orders or something. it will be necessary to make sure no one holding dollars gets lost. kek you think klaus and Trump and lagarde and Johnson don’t have stacks of bitcoin? kek. it’s a beautiful plan anon. have faith in your fellow man. white hats will win. we are already.

>> No.30024952
File: 472 KB, 750x943, A30BC65B-943B-49FF-BCF5-0CCE9C107558.jpg [View same] [iqdb] [saucenao] [google]
30024952

OOOOO good energy in these last few threads!! I just gave my friend 250xrp so he could pay off his student loans!!

>> No.30025009
File: 1.13 MB, 200x113, 1614207969064.gif [View same] [iqdb] [saucenao] [google]
30025009

>>30024952
Based and philanthropist pilled.

>> No.30025098
File: 1.52 MB, 3000x2400, 1614622163165.png [View same] [iqdb] [saucenao] [google]
30025098

March 2nd
Today
Between 12:00-20:00
Best time for poompa

>> No.30025123

>>30024592
/thread
Newfags just read this and hold your shit

>> No.30025298
File: 3.63 MB, 2048x1774, EE2E95D5-A655-48C1-AB73-902DBD6AD3D7.jpg [View same] [iqdb] [saucenao] [google]
30025298

>>30020207
> Hold strong schizos, wagmi

Also gold bull run confirmed in the same thread.

>> No.30025323
File: 227 KB, 597x711, 1614448211253.png [View same] [iqdb] [saucenao] [google]
30025323

At least this thread is interesting.

>> No.30025342

>>30025098
Rolling.

>> No.30025417

>>30024592
>And that's when the FED will kill it
How? By going after thether? At this point I think a fractions reserve system where only a fraction of crypto needs to be backed by USD will become the standard as banks like Avanti pve the way. Crypto lending is going to become common. Especially for microfinance to urbanoze shithole areas overseas.
>The coming liquidity crisis will be solved by XRP
Based and liquiditypilled.
>So how do nations trade and actually hold each other accountable?
Bancor

>> No.30025497
File: 24 KB, 535x279, eri_japan.png [View same] [iqdb] [saucenao] [google]
30025497

Eri is reporting big news is coming out regarding Japan's use of XRP
She is always well researched and sourced, so let's see what comes of this.

>> No.30025541

>>30023541
Just wanted to say I really enjoyed reading your posts. Rare energy emanates from them.

>> No.30025562

>>30024648
>I'm not a btc maxie guys!!!
>goes on to spout "down wif the system! BTC will change the way human history has operated since the beginning of time!"

BTC will see growth no doubt. I'm sure 100k even. Though at the end of the day it's just an investors game of musical chairs and a feeble one at that. It's not gold or oil. It doesn't actually have a use other than a store of value. Which will eventually be replaced by more valuable and advanced assets. I don't think it will go to 0. It will have it's day and eventually more permanently stabilize much lower than ATH. There's nothing that it can do that a successor won't be able to do better. Plus there are plenty of black swans like mtgox, tether, and whales waiting to kick it in the nuts.

>> No.30025626

>>30024909
Why does it need to do anything to bonds? I just told you, the central bank ponzi game WILL CONTINUE, not "collapse." It will continue and they will keep printing money, he numbers will get more and more ridiculous and when the normies finally get scared they'll do the thing I said above (the reason why the normies will buy into it again for dozens of years), precious metals will be a part of the economy to bring back faith.

So, what again is the problem with bonds? The fed has to buy more and more? So what? They will. And then in the end, all the old ponzi games WILL collapse, but it will die of old age, a peacefully transition. What you want is your "triumphant moment" where you and all people who knew about the pinzo banker game are vindicated and given credit as being oh so wise.

Lol. It will not come. Because although you were right, your solution was off. People that now want BTC to succeed want a systemic system failure that causes chaos (to vindicate you) and ENDS THE FED NOW DAMN IT.

What I said above ends the fed. But we cannot be truly free of them until the autonomous revolution is here, until then we need UBI, while this all rolls out over dozens of years, thus the banks will continue to QE themselves into the next dimension.

I've wrote this before, after all those dozens of years, and average joe schmoe has a mini quasi quantum pc in his pocket, he'll probably have a more powerful one at home that could lead into what?

A Quantum Bitcoin Improvement Proposal, a BIP, and then once more, BTC will have the limelight. Maybe this new fork will matter, so once BTC crashes store some away for safe keeping.

Unfortunately that won't happen for a hundred years, and it probably won't be a fork of the current chain since CCP owns all the hashrate and Blockstream are all paid by intelligence agencies.

Soooooo, yeah. :)

>shakeout at the end please anon I'm a white hat, BTC is the "good coin."

No one will want to spend the electricity anyway.

>> No.30025652

will 14k xrp help me make it if i move to ukraine unironically

>> No.30025688

>>30025541
the rare energy is called master Fudster trying to mimic schizo dotconnecting mannerisms to get people to sell (at least a portion) of xrp into BTC

>> No.30025745

>>30025497
>pink sparkle
She is celebrating.
https://twitter.com/sentosumosaba/status/1366610361898594304

>> No.30025746

>>30025497
She glows

>> No.30025855

>>30025652
checked. pretty sure you could just sell that now at xrp's current value and make it in Ukraine

>> No.30025882

>>30025652
If XRP actually gets the adoption we all are hoping for, then 14k will be more than enough.

>> No.30025970

>>30025652
Yes you can buy the entire country for your $6,160 worth of XRP right now if you wanted

>> No.30025974

>>30025745
I hate how every faggot under the sun needs the word “crypto” in their name.

>> No.30025985
File: 33 KB, 650x650, 1614572274388.jpg [View same] [iqdb] [saucenao] [google]
30025985

>>30025746
XRP is literally Glowcoin.

>> No.30025995

>>30025974
yeah it makes you look like a jew lmao

>> No.30026053

>>30025417
1. CCP controls hashrate (sovereignty FUD)
>TRUE
2. Blockstream are all glows (black market fud)
>TRUE
3. Tether is a scam (not 1:1, crypto market is propped up by BTC through Bitfinex and exchange wash trading)
>True
4. As we become more energy efficient, it makes no sense to counter the efficiency with a massive game of tic tac toe (POW is retarded)
>TRUE
The normies
>woah so Elon is leaving BTC for XRP
>muhhh regulatory clarity
>so BTC codemen bad? They do bad with bad people?
>WOAH MUHH CHINA BAD!
>Bruh, tether, I use circle, tether is a scam
>YOU DON'T CARE ABOUT THE ENVIRONMENT YOU BIGOT YOU JUST WANT TO MAKE MONEY

Me, and my XSG bros
*rubs hands*

>> No.30026103
File: 82 KB, 1055x612, begins tomorrow.jpg [View same] [iqdb] [saucenao] [google]
30026103

did it begin yet bros? you told me to trust him

>> No.30026135

>>30025098
rolling

>> No.30026137
File: 915 KB, 1300x1600, E3BF922F-E122-4EAB-A980-772FDE85631E.png [View same] [iqdb] [saucenao] [google]
30026137

>>30025098
So buy before then?

>> No.30026178
File: 91 KB, 866x1390, man-with-his-head-in-hands-A3JBJT.jpg [View same] [iqdb] [saucenao] [google]
30026178

I just wanna make it Bros
I'm tired of this meat grinder we call life

>> No.30026189

>>30024300
Users don’t run nodes. Read the Whitepaper.

>> No.30026224

>>30025417
Also, Bancor?
>puts on normie cap
*Literally who anon?*

Hahahaha. Well you see there was this guy that had this idea a long time ago....
Normie:
Zzzzzzzzzzzzzz
Huh what, so what you're saying is BTC bad?

>no damn it listen to me normie

Hahaha, what, no you sound crazy man, my bank has a thing called a Dex, I think it works with that XRP Ripple or whatever. Imma buy some more doge and yachty coin.....

XSG
*rubs hands vigorously*

>> No.30026357

Cord dot gg FVWDEsGAW9
comfy for og schizos long term hodlers

>> No.30026480

>>30024300
Doesn’t know Craig Wright is Satoshi. NGMI.

>> No.30026632

>>30026103
https://twitter.com/ZilHodler/status/1366470147930750983?s=20

HOLY SHIT IT'S HAPPENING

>> No.30026809

>>30026357
what's the point in doxxing yourself to anon's or talking to schizos beyond this point

you aren't going to be in my life, I'm not going to be in yours.
the function of a conversation is to employ a process to somewhere - but when the function itself is the process, then only one thing is guaranteed: disappointment.
What I mean is that if all you can look forward to is further correspondence over mutually exclusive lives, it is easy to feel even more alone than before. Relationships are vectors where one shares experience. Some may take this as a conversation, but there is a backdrop within these dialogues, like a walk around a city, or eating in the park. And you got a festival coming up with some board games after

but in these online realms, there is little memory to weave together; there is little to bask in if there only are diplomatic islands disclosing what the water is like on their end.

social functions are far more than words. a fact somewhere states that around 80% of our relations take place in body language. there are many nuances that simply cannot be shown in texts or voices. so again, why bother?

Not only are these things lacking so much on the connection front, but also these things chip away at your personal time in the form of notifications. Inevitably, it is quite rare to report on anything else BUT the state of the water. That is, the exploration of the other, mutually, leads to an end. For rarely does both in correspondence take time to actually live. The lifestyle necessary to entertain online relationships usually, through unfortunate circumstance, calls for a benign half-presence. This means a lack of personal growth and a limited view of curiosity. It is often why many people shed themselves of so many others, for it's unsettling to be even remotely aware how much stagnation has taken place for either party

tl;dr fuck discord

>> No.30026860

>>30026357
Feck off deezcord tranny

>> No.30026886

>>30026809
now if you'll excuse me, I'm going to retreat into my world and read notes that are my own conversations

being a coward is comfortable

>> No.30026917

>>30026809
While I agree, fuck discord, it'd be pretty fun post-moon to have some form of schizo meetup. Proving long term hodl and xsg lore knowledge. Perhaps make some connections with other wealthy schizos to make the world a more schizo place.

>> No.30026965

Anyone else gonna kill themselves if XRP doesn't moon by EOY?
By 'moon' I mean $13 so I can at least sell like 15% of my stack and await the real moon in south east asia

>> No.30026968

>>30026917
>to have some form of schizo meetup
this is the only reason to join, go for it
too much liability imo

I don't want to deal with people, they just fuck with you and fuck you at any given moment

>> No.30026988
File: 42 KB, 650x650, 1614568925688.jpg [View same] [iqdb] [saucenao] [google]
30026988

>>30026886
Every writer in history was a degenerate mental masturbator.

>> No.30027034

>>30026988
it's ironic that people find envy for them

>> No.30027100

>>30026189
kek.
>>30025541
appreciate you anon. it is important to give as many people the opportunity to learn. knowledge works outside our intentions. it will find who needs it most. so I started yelling about it. hope it serves you or anyone well. I am but a citizen but I am far from under researched.
>>30025562
>mt gox tether and whales
good luck with that fud anon.
>There's nothing that it can do that a successor won't be able to do better
what is the Nakamoto consensus? How does a hashstring work? kek. your lack of fundamentals are showing anon. you obviously don’t understand how proof of work works anon. it’s consensus is a brand new mechanism for consensus authority in social interaction of economic volatility. doesn’t rely on centralized figures of trust, nor even a synchronized clock. it’s string can’t be replicated. It’s hashrate can’t be replicated. the game theory is already out of the bag and it is running. better catch it anon. I’m not being a cutesy libertarian and down with muh fed... this is much more than that anon.

>> No.30027119
File: 344 KB, 633x758, C6B5701B-64DB-4A44-AB44-A935840251E7.jpg [View same] [iqdb] [saucenao] [google]
30027119

>>30026809
>tfw my most meaningful relationship was mostly 4 years with the most beautiful girl I’ve ever met
I guess we both had connection problems with people and ended up like that... i actually did know her in person but moved shortly after starting to date her. I haven’t seen her in person 8 years and we broke up 3 years ago

>> No.30027153

>>30023541
Stop listening to that charlatan Saylor

>> No.30027159
File: 25 KB, 300x300, F8ED9AC9-E629-4947-8F4A-F91846F326EB.jpg [View same] [iqdb] [saucenao] [google]
30027159

Just bought another 1k xerps cant wait for the dip tomorrow frens

>> No.30027189

>>30027119
>4 years long distance*
It was all messaging apps

>> No.30027281

>>30027153
kek Saylor wishes his cost average was even double mine.

>> No.30027369
File: 54 KB, 660x479, jap.png [View same] [iqdb] [saucenao] [google]
30027369

>>30025497
this was an experiment done which was posted a few days ago by FX Coin, not sure if it's what Eri is referring to:
https://translate.google.com/translate?sl=ja&tl=en&u=https://news.fxcoin.jp/news_detail/?id%3D93

>> No.30027374
File: 85 KB, 650x650, 1614568244552.jpg [View same] [iqdb] [saucenao] [google]
30027374

>>30027034
They envy the fame, and the status, without understanding what it entails.
Everyone loves Michelangelo's works, but no one liked being around him.

>> No.30027447

>>30027281
you're using his exact nonsensical pseudo-scientific spiel to sell Bitcoin
It's total rubbish
Bitcoin doesn't store energy, it doesn't store anything.

>> No.30027462

>>30026886
>>30026988
>>30027034
>>30027374
I have written this man times.

Whosever is delighted in solitude is either a wild beast, or a God. -Aristotle

>> No.30027473

>>30025009
i made this gif (well i exported it from youtube) nice to see other people using it.

>> No.30027500

>>30027100
>inefficient outdated tech can be carbon copied
Oh no! No one will ever innovate anything ever again. How fucking desperate do you have to be to tell yourself this shit?
>good luck with that fud
I literally said BTC would do well. If you think it’s invulnerable your head is up your ass though

>> No.30027517

>>30027447
> This futuristic new battery will change everything!
Wow really? Does it store a lot of energy?
> Well, no, but you won't believe how much it wastes!

>> No.30027542

>>30026053
Yes.

>> No.30027578
File: 119 KB, 1170x562, 8A32CE93-592F-4BDA-BB98-D462D7825830.jpg [View same] [iqdb] [saucenao] [google]
30027578

>>30027517
>>30027500
>>30027447
pic related newfags.

>> No.30027607

>>30019651
You'll make it. I unno if it will be this year but we will all make it.

>> No.30027618

>>30027462
I AM A BEAST GOD -Nietzsche

>> No.30027651

>>30026224
>Literally who anon?
Kek. Every fucking time too.

>> No.30027706

>>30024592
Then.
>>30025626
And then
>>30026053
Finish with
>>30026224

And just to rub it in.
>>30026809
>fuck di5cord
>>30027462

>> No.30027730

>>30027578
Are you actually talking about a hash chain, or do you mean a blockchain?

>> No.30027762

>>30024300
smug faggy post
>xrp isn’t mathemical authority
it is just a different one
>UTXO for xrpl
kek
>scaling on btc
good luck on waiting on this anon
>a worthless insecure and mutable piece of crap
>xrp
>mutable piece of crap
good luck really, what are you going to do a supermajority >80% sybil attack?
far more chances of ccp double spending on btc
>energy game theory of bitcoin will play out exactly the opposite of what you think
we will see
>It would encourage amazing strides in green and “renewable” resources
kek

>> No.30027803

>>30027618
Aristotle....

The first to point out how the low IQ believer of God and the high IQ knower of God are both more similar to each other and based..... as compared to midwit, incredulous non believers.
>>30027542
Yes.

>> No.30027882
File: 161 KB, 720x1440, Screenshot_20210301-214908.png [View same] [iqdb] [saucenao] [google]
30027882

Good chance of a big move happening here.

>> No.30027886

ANY BTC SHILLS RESPOND TO THIS. DONT JUST IGNORE IT YOU FAGS, IGNORING THINGS DOESN'T MAKE THEM GO AWAY OR NOT TRUE. >>30027706

>> No.30027908

>>30024648
>it will have more and more demand anon.
not on a long enough time scale (not that long) because of relative utility decreasing over time for btc. "store of value" is circular reasoning, as soon as it goes #2 it is done for btc as "store of value".
>bitcoin is the only asset in the history of the world that had a supply completely independent of its demand
that the same for all of crypto

>> No.30027964

>>30027882
you can tell by the lines that we're on a linear trajectory

>> No.30028052
File: 59 KB, 1023x577, 4E854B55-2C6D-406C-9215-06056A0321F5.jpg [View same] [iqdb] [saucenao] [google]
30028052

>>30027517
>>30027517
https://climatemoney.substack.com/p/carbon-cost-of-dollars
you have to look at the complete loop anon. bitcoin doesn’t waste any energy. reject your cognitive dissonance. read Grokking Bitcoin.
>>30027500
I never said it’s invulnerable. I give it 300 years. Until intergalactic travel makes the communication latency/difficulty too extreme for a unified working chain. You don’t get bitcoin if you think it can be carbon copied. It literally can’t. It’s absolutely impossible. You are missing the entire point of how the hash string works. It is a universal game. Universal input, universal modulation (sha256) and thus a universal, forgetful system of determining immutability in a communal ledger. Its work spent to get to where we are is part of the game theory of bitcoin. Energy invested as debt is extrapolated as credit over time over the ledger. It is verified and secured due to the work used to calculate all those previous hashes NOW immortalized in each successive hash... good luck matching and sustaining that indefinitely. and pic related is old as fuck.

>> No.30028102

>>30028052
It wastes a ton of energy guessing random numbers, anon. You can't get past that.
If you think cash wastes more, you may be right. Both are slated for eventual destruction.

>> No.30028163
File: 70 KB, 1440x810, 1600909101041.jpg [View same] [iqdb] [saucenao] [google]
30028163

>>30028052
>bitcoin doesn’t waste any energy.

>> No.30028203
File: 21 KB, 543x392, 1614162671439.png [View same] [iqdb] [saucenao] [google]
30028203

>>30028102
>cash wastes more
not even close

>> No.30028226

>>30019746
Notice the effort to control the conversation. The discord freaks apparently haven't left.

>> No.30028232
File: 169 KB, 1920x1076, AF9BC550-8F1C-45DE-A7B1-787C55479111.jpg [View same] [iqdb] [saucenao] [google]
30028232

>>30028102
>>30028163
https://www.coindesk.com/what-bloomberg-gets-wrong-about-bitcoins-climate-footprint

I know it’s your first cycle of ‘crypto’ but stop pretending you know what’s going on.

>> No.30028252
File: 139 KB, 650x650, 1614571506244.jpg [View same] [iqdb] [saucenao] [google]
30028252

>>30028052
To your second point, the energy isn't "invested" at all. If it were some kind of energy store (like a battery), and you could get the energy back out, then sure, it would be invested.

As it stands, if the globalist-run nations of the world decide to collectively ban Bitcoin mining, the value will evaporate. Where will the "investment" have gone?

>> No.30028254

>>30000000

>> No.30028273
File: 48 KB, 650x650, the retarded.jpg [View same] [iqdb] [saucenao] [google]
30028273

>>30027462
Then you're a fucking midwit that doesn't know the origin of the quote. The full line is:

"...he must be related to the whole state as other parts are to their whole, while a man who is incapable of entering into partnership, or who is so self-sufficing that he has no need to do so, is no part of a state, so that he must be either a lower animal or a god"

Its not about being Le StOiC uBeRmAn. Its about human nature finding its completion in the polis. Being an autist that no one will volunteer to be around doesn't mean you're a god, it means you're an incomplete and lacking human.

>> No.30028288
File: 682 KB, 1010x895, 1613872090643.png [View same] [iqdb] [saucenao] [google]
30028288

>>30028254

>> No.30028308

>>30020879
Are the memes about the March crash real?

>> No.30028328

>>30028254
>>29999999

>> No.30028347

>>30028203
It's hard to compare directly with a physical good. How much energy do you count? The energy spent growing the cotton? Mining the pigments? Running the printers? The fuel for the trucks that distribute it? The calories collectively expended by everyone carrying the extra mass around in their wallets?

>> No.30028351

>>30028052
you're comparing a system formulated in the mid 1900s (which, btw, serves the entire globe, not just a few hundred thousand geeks) to one trying to establish itself since 2010 lol
I don't think green energy was on the agenda during Bretton Woods

>> No.30028392

>>30028232
If you result to petty insults, you've lost the argument.
Explain your salient point in a few words, if you're able.

>> No.30028463
File: 91 KB, 1079x371, 2FF0198B-050A-4084-A95C-4C39DB12698E.jpg [View same] [iqdb] [saucenao] [google]
30028463

>>30028252
It is exactly like a battery. You do get the energy back out. The ledger space gets more and more valuable with imbued energy securing its immutability and your mining debt becomes credit for transactions.

>> No.30028505

>>30028347
Did you really just say calories...

>> No.30028536

>>30028232
>a fucking garbage article
See >>30028203
BTC is wasting gigantic amount of energy RELATIVELY to other crypto&technologies.

>> No.30028555

>>30028463
I don't think you understand the second part.
It can be destroyed with the stroke of a pen, anon.

>> No.30028579

>>30028347
0.08 KWh PER PRINTED BANKNOTE is actually pretty big

>> No.30028613

>>30028505
Read it again, and I assure you'll find that I did.

>> No.30028644

>>30028392
lmfao I posted a fucking article. read it. here’s a ‘podcast’ on it. I’ve won the argument with reality and my financial situation. https://soundcloud.com/yeethewarlock/sacred-economics-ep-4-time-space-energy-and-us

>> No.30028685
File: 164 KB, 960x960, 1614521219203.jpg [View same] [iqdb] [saucenao] [google]
30028685

>>30028644
Alright anon.

>> No.30028715

>>30027964
Are you sure you mean Markov chains? A Markov chain is a description of a random process that changes states where the probability of each future state is fixed given the previous state.

>> No.30028720

>>30028555
hahaha. okay good on ya didn’t realize you were trolling. governments banning bitcoin kek. had me for a second. >>30028613
you got it. don’t let these jabronis get you down.

>> No.30028723

>>30028288
>88
Duly noted

>> No.30028724

>>30028644
>reality
the map is not the territory
>my financial situation
not an argument, there are millionaires from bitconnect

newsflash for your narrative, you measure the value of things relatively, and it changes over time.
that's why btc will die

>> No.30028778

>>30028720
India and China are talking openly about it.

>> No.30028788

>>30026968
Oh no you misunderstand me.
Fuck discord, I'm talking a meetup post-moon organized maybe through /biz/ where only those who can prove their schizo-hood are allowed.

Any pre-moon deezkord is likely just a honeypot

>> No.30028842

>>30028715
Do you ever wonder how often you respond to a markov chain on here?

>> No.30028895

>>30028613
Then you're outdoing even Michael Saylor with his ridiculous analogies
Energy expenditure does not mean anything within itself
It's about energy efficiency
NOT energy consumption
Or even energy conservation
BUT ENERGY EFFICIENCY
It doesn't matter if Bitcoin consumes less energy than a system put forward in bloody 1945, when literally nobody cared about energy consumption
It's about solving the problem Bitcoin is trying to solve in the most energy efficient way possible
We have already found more efficient methods of doing it than POW. It only took a few years.

>> No.30028922

>>30028724
kek. yes anon. time will kill bitcoin. how much eth and xrp do you hold? kekek. doesn’t even realize bitcoin doesn’t rely on a synchronized clock. you are vastly underestimating how proof of work works. bitcoin is a giant decentralized clock that doesn’t rely on the innate loss of being standardized to itself (1 second vs 2 second vs 60 seconds, etc). I’m not flexing to be an asshole. I don’t care what you think or say. Tell me what’s in your portfolio. Judge you from your actions.

>> No.30028970 [DELETED] 

lmao, they claim how to have income with this gas, taxes, dumps, etc

haha what a fags! they will always be homeless

I am not so tarded to trust this shilling shit on /biz/

>my way is fucking top yield farming and vaults on YVS! They burn 0.75 % tax on all transactions. Profit is fantastic!

>> No.30028972
File: 75 KB, 1125x743, chugsdick.jpg [View same] [iqdb] [saucenao] [google]
30028972

in bg123 we trust

in babacugs we trust to manufacture another mellon larp

>> No.30028978

>>30028842
100% of the time,
do you imply that we are not nothing more than complex markov chains too complex to mapping ourselves?

>> No.30028982

>>30025974
>every faggot under the sun needs the word “crypto” in their name.
>JUICY tips

>> No.30029017

>>30028895
I agree.

>> No.30029039

How do you pronounce OOOOOOOOOOOOOOOOOOOOOOOOOO posts

>> No.30029069

>>30028978
It can seem that way, but I don't really think that's true.

>> No.30029088

>>30028273
Didn't even read it.

Why? Because I don't give a shit about anything but the base principle itself and as I have interpreted it. That line and that line alone is incredibly more based and prescient than any modern muhhh philosophers, other than Peterson telling people to find purpose by "Lifting something heavy."

Hahahaha, I don't even care about most things those Greco-Roman faggots had to say. I follow my mind, my will, and am guided by the universe, God, as in.... my instincts.

Every person I've met who is actually intelligent, has expressed or visually shown at some point that they enjoy being alone.

And furthermore, it's not exactly that we like being alone. It's that blithering idiotic newfags with I'm muhhhh college educated, which is the vast majority of people, ruin anything they touch.

This is where the term.

LURK. MORE. NEWFAG.

Comes from.

>> No.30029109

>>30028895
you haven’t found shit. if you were at all involved in the space you know what you are saying is full of shit. I think Elon knows a bit more than you do about energy. kekek. how’s your ADA stash? got a lot of NANO anon? kek.

>> No.30029152
File: 66 KB, 1140x1084, Atman.jpg [View same] [iqdb] [saucenao] [google]
30029152

>>30029039
Sit comfortably in the lotus position.
Straighten your back, and relax your shoulders.
Bring your hands together in your lap, with open palms facing upward.
Close your eyes, and hear the mantra emanating from your innermost self.

>> No.30029197

>>30028273
Just reread it.

LOL. You think I can't just be in the company of others?

Behold, your next real, life lesson given to you from 4chan.... all I have to do to feel good while being with others and well, basically be a normie is....

Suppress my power level.

It's like 4chan 101 today wtf.

>> No.30029226
File: 25 KB, 161x245, DCD94753-1E5E-4B84-A1CB-4DEE7F58116D.jpg [View same] [iqdb] [saucenao] [google]
30029226

This kike is gonna fuck us isn’t he guys?

>> No.30029227

>>30029109
Elon is in Bitcoin for the money, lol. Not for the tech.
I only hold XRP.

>> No.30029288

>>30028842
I do now
>>30028978
>>30029069
Funny, I was just reading Augustine's Confessions and I think he was struggling with this.

>> No.30029318
File: 178 KB, 650x650, 1614570862160.jpg [View same] [iqdb] [saucenao] [google]
30029318

>>30029226
Yeah, he's going to fuck over a multi-billion dollar American company run by his fellow tribe members that's being wired into the international banking system, all in favor of a wasteful, inferior technology controlled by China.

>> No.30029323

>>30029109
also why do you think nothing released since like 2016 is POW
Even ETH is shifting away to POS (which I don't like either, POS will fail too)

>> No.30029327

>>30029226
most definitely

>> No.30029332

>>30029226
hey!


that's gary mccool you're talking about.

>> No.30029336

>>30029226
How so?

>> No.30029337

>>30028724
>>30028685
>>30028895
https://dergigi.com/2021/01/14/bitcoin-is-time/
you haven’t spent enough time understanding what was really created here. Call yourself a schiso? kek. even based Szabo has basically renegged completely on other consensus algorithms. kek I mean open coin was founded in direct response to the white paper’s shot heard round the world. not a mistake anon. not unrelated.
>>30028778
kek. first cycle? that’s a okay anon you’ll learn the fud after, hopefully, even after your first one.

>> No.30029416

>>30028273
>wanting to be human
“Be ye therefore perfect, even as your Father which is in heaven is perfect.”
Matthew 5:48 KJV

>> No.30029420

>>30029337
Look, if you really had a convincing argument, you could sum it up in plain english in a few sentences.

Instead, you are throwing links and insults.

>> No.30029438

>>30029226
>fuck us
Yeah he's going to declare it a security and either A. Force Ripple to burn the escrow = moon
Or b. Keep the escrow but then you have t out how the IMF and BIS want to worth with Ripple, thus making it the defacto supranational standard currency = moon.

So, in other words.... once BTC top is in and the beat market comes for it, XRP will be mooning. At the very least to $10 if scenario A and if scenario B, well who knows. Probably unironically 1k.

>> No.30029463
File: 481 KB, 693x264, 1601411281963.png [View same] [iqdb] [saucenao] [google]
30029463

>> No.30029470

>>30029318
I'm sure that the btc shill qkzPUpjq has some smug circular reasoning narrative in defense for it, because you see btc is very unique dinosaur tech that is exempt from competition

>> No.30029518

>>30029323
kek. Eth. no one holds eth that isn’t an adolescent or a scammer. Eth is DOA and you’ll exactly see why Eth is more akin to the MySpace social network in which first mover advantage can be stripped. Nakamoto consensus’ longest chain can’t be replaced... what do you think is going to happen to Eth when miners switch off? kek. would be nice to chat with someone else that isn’t corrupted with shitty marketing coins and can see the bigger consciousness change that’s happening.

>> No.30029576

>>30029420
I’ve explained it so many times and given you books, videos and podcasts. take responsibility, you lazy intellectual.

>> No.30029611

>>30029337
more pseudoscience
money is not time
it's merely a unit of account
a datapoint, if you will
the transfer of money is more like a transfer of data
transferring money is NOT transferring time, the TIME has already been SPENT
Just like the energy Bitcoin requires is SPENT as soon as the block in mined, not STORED as you seem to believe
Honestly your arguments are pure garbage and mainly the opinions of others which sound smart on the surface but literally mean nothing

>> No.30029627
File: 92 KB, 650x650, 1614560748452.jpg [View same] [iqdb] [saucenao] [google]
30029627

>>30029576
Ok anon.

>> No.30029652

>>30029337
>https://dergigi.com/2021/01/14/bitcoin-is-time/
See this faggot ? >>30028203
THIS is the result of your retarded architecture
But sure okay the world will use a fucking 3 digit fees not-scalable network that takes ages to settle, and consume fucking 100KWh+ per block, that can be at any moment fucked by ccp for sure

>> No.30029660
File: 145 KB, 1637x649, sb55 garbage offers - 2021-01-24.png [View same] [iqdb] [saucenao] [google]
30029660

I have

>12k XRP
>1k XLM
>no BTC
>2oz physical gold
>170oz physical silver

Am I gonna make it? Should I convert physical gold/silver into BTC or no? The BTC argument in this thread is giving me the FOMO.

>> No.30029716

>>30029470
I’m not a bitcoin shill just you guys have completely lost your way and begun actively dissuading anons from bitcoin. like half a dozen of you. suspicious honestly. either bad actors or just midwits and it is too important to go unspoken.

>> No.30029732

>>30029660
prepare for a certain faggot to beg you to buy btc in 3...2....1....

>> No.30029755

>>30029660
You will make it
Keep the metal

>> No.30029758

>>30019733
Checked based and filenamepilled

>> No.30029794

>>30029716
>i'm not a bitcoin shill
>shill fucking bitcoin for 2 whole thread
>say that xrp UTXO (fucking kek) is mutable and worthless

>suspicious honestly. either bad actors or just midwits and it is too important to go unspoken.
Or maybe you are just in a fucking xrp general

>> No.30029843

>>30029652
all fud. you glow.
>>30029732
I hope you never buy bitcoin anon. it is for good, intelligent humans. not your style.

>> No.30029866
File: 143 KB, 640x362, 1613962238799.jpg [View same] [iqdb] [saucenao] [google]
30029866

>>30029611
Checked. This anon knows.

>> No.30029906

>>30029716
how will the anons ever recover from missing out on the 2x opportunity Bitcoin provides TODAY
Bitcoin's top this cycle is <100k
Anyone buying Bitcoin now is a clueless normie
As soon as BTC is done correcting to 38-40k, we are entering alt season and you're here shilling Bitcoin like it's March lol

>> No.30029919

>>30029843
>muh fud
kek this is objective measured data coming from high institution document
>>30029843
>I hope you never buy bitcoin anon.
the netscape unusable shit of crypto is not for me thanks

>> No.30029934

>>30029660
Sell your gold wtf that shit blows because of the above ground and mining ratios of gold and silver.

Sell 1 Oz for more silver and another for more XRP and just a bit of BTC just in case.

Gold is never going to make you rich. Gold is for maintaining the riches you already have in something that historically never really goes up or down, just plateaus.

>inb4 charts
Did you account for QE printer go brrrr and clown world simulatorTM? NO? Then do as I said.

But chart made by smart man anon....

No, normie, chart made by smart enough man to want paycheck in exchange for saying as told.

Sell your gold, more silver, more XRP, some BTC just so you don't feel like you're missing out. But I'd buy XRP, XLM, ALGO, CVC and Eth NFT's from Megacryptopolis with my 1 Oz sale and trade the other Oz for silver.

If you can find any silver that is.

>> No.30029944

>>30029906
BTC is going 2x this cycle while XRP is going 10x

>> No.30029982

>>30029919
Netscape, at least, was a great product for the time. They got kind of a raw deal from MSFT.

>> No.30029992
File: 95 KB, 217x211, 1606865466450.png [View same] [iqdb] [saucenao] [google]
30029992

>how will the anons ever recover from missing out on the 2x opportunity Bitcoin provides TODAY

>> No.30029996
File: 694 KB, 787x525, 1610496104642.png [View same] [iqdb] [saucenao] [google]
30029996

>>30029866

>> No.30030039

>>30029934
>>30029660
Gold is a hedge against inflation.
In normal times you might not need it.
But with the money printing these days...

>> No.30030058

>>30029944
>while XRP is going 10x
Is it too soon for the 100x?

>> No.30030071

>>30029944
Btc was 20k last time. I think they can 4x their top to 80k. Maybe even 5x to 100k.

XRP is going to at least $15 dollars so it's a safe 33ish multiplier.

And if it becomes the standard then it really will be like 2k lol.

>> No.30030148

>>30030039
Sure but in that case, you've just made the case for silver is it is a hedge against inflation as well, but due to all the manipulation, it can moon too.

Ie, inflation hits, gold bugs smile because hedge.
Inflation hits, silver bugs smile while they buy your daughter and gold stash because they hedged with something that also counters inflation but also moons in the process.

>> No.30030156

>>30030058
>>30030071
idc im selling at $4 so i can move into a new apartment

>> No.30030189

>>30030156
Do as you will.

>> No.30030216
File: 113 KB, 397x518, jl55vyni29k61.png [View same] [iqdb] [saucenao] [google]
30030216

>>30030071
At this point in time I don't think that measuring in dollar is really that useful

>> No.30030254

>>30030148
Sure, silver too. Plus the industrial uses, electric vehicles, etc.
There's something sentimental about having a little bit of gold though.

>> No.30030284

>>30030156
If you can wait till 4
10 will come very quickly after that

>> No.30030323

>>30024234
March 18th, my birthday, that's Down Under so day after for my Yankee brethren. We're all gonna make it, bros.

>> No.30030358

>>30030071
Why do you say 15? I'm planning on selling 25% at 13

>> No.30030427

>>30030071
That's cute but now they have celebrities on board and the world is watching one of the most popular and richest man in the world Elon cucks.

It's going to do something stupid like 200k-500k for sure, there is no way it's going to limp dip 50k from 20k they will have normies fomo and hard dunked on. GME was a great test run.

>> No.30030471
File: 566 KB, 700x806, Bat Bat.jpg [View same] [iqdb] [saucenao] [google]
30030471

>>30030323
>March 18th, my birthday,
Yours, too?
A toast to Manly P Hall, then (another March 18th guy).

>> No.30030474

>>30030427
I'm not talking about b rated celebrities, I'm talking about activated celebrities. We even have that illuminati retard shit shilling XRP.

>> No.30030506

>>30030471
Have you ever read "The Ways of the Lonely Ones" ?

>> No.30030524
File: 113 KB, 800x450, 20201113_GaryGensler-Daily-800x450-03.jpg [View same] [iqdb] [saucenao] [google]
30030524

>>30029438
>>30029226
Not true
Read his confirmation letter

"In the decades since, we have seen that when the SEC does its job when there are clear rules of the road and a cop on the beat to enforce them our economy grows and our nation prospers.

But when we take our eyes off the ball-when we fail to root out wrongdoing, or to adapt to new technologies, or to really understand novel financial instruments things can go very wrong. And when that happens, people get hurt."

He wants clear rules
He wants to adapt to new technologies
He is mindful of the end investor

Bullish imho

>> No.30030542

>>30030506
No, but I presume you are the one with the insatiable appetite for the tomes.
Read, Learn, Forget...right?

>> No.30030562

>>30030427
that's exactly what they want you to think
it's never that easy
CNBC has gone into overdrive shilling BTC since 25k

>> No.30030563

>>30030323
>>30030471
Sorry guys, it's happening March 3rd.

>> No.30030612

>>30030563
Then what's happening on the 18th?
Something ALWAYS happens on the 18th.

>> No.30030615

>>30019400
I’m going to give you a little hint about the future.


HOW DO YOU MAKE MOLASSES FLOW FAST3R?

H3AT IT UP

>> No.30030677

>>30030358
Btc last top 20k
Xrp last top almost 3

If BTC top now is 100k = 5x
Then xrp top will be at most 15kish

That's WITHOUT the real schizo happenings, if they do come sooner rather than later (this is BTCs last bullrun) then XRP will be at least 3 digits, unironically might be 1-2k.

>>30030216
Well yeah. But here we are lol.

That pic. Based. Governments will inevitably become corrupt. It cannot be helped.

>>30030254
Yeah, it's better than anything else like stocks and shit.
>>30030427
Like I said.... BTC will still rise to 80k-100k. That's when these people will all sell off, coordinated, alongside tether fud, China fud, blockstream fud, ALL AT THE SAME TIME. Meanwhile, the SEC lawsuit will crown XRP lol.

>>30030524
Anon, making it a security and creating an entirely new asset class for XRP, IS "clearing the rules to adapt to new technologies while being mindful of the end investor."

>> No.30030687
File: 238 KB, 384x659, 1614605110448.png [View same] [iqdb] [saucenao] [google]
30030687

>>30030615

>> No.30030701

>>30030542
Insatiable over the long term, at least.
Is it all forgotten, or only distilled and absorbed?

>> No.30030738

>>30030563
I used my autism for an hour or so and solved Babas supposed "ultimate riddle."

03/03 04/04 05/05 and 10/14 were the dates I could extract.

That's if you care about memedates, I can have the moon happen whenever, idc.

>> No.30030747
File: 111 KB, 1000x869, iu[1].jpg [View same] [iqdb] [saucenao] [google]
30030747

>>30030615
>HOW DO YOU MAKE MOLASSES FLOW FAST3R?
Perhaps one could just increase the pressure, instead?

>> No.30030745

>>30030687
PL3ASE D3L3T3

>> No.30030807

>>30030701
>Is it all forgotten, or only distilled and absorbed?
I've always felt it was the latter. One becomes the knowledge, transmuting it into wisdom through adoption in action.

>> No.30030819

>>30030687
why is this pic so good lol

>> No.30030944
File: 636 KB, 2435x1370, Evc2mICVkAAASxf.jpg [View same] [iqdb] [saucenao] [google]
30030944

>> No.30030992

>>30030563
Okay, let us forgive FOMOs FUDs and LARPing dissenters, our path is clear... We're all gonna make it.

>> No.30031037

>>30029318
so why did they sue ripple to begin with? just to semi fuck us all up for shits and gigs?

>> No.30031074

>>29993041
>>29993194
>>29993487
>>29993726
>>29998138
>>30000338

thanks for the kind words, frens
wife got checked up, she and the baby are fine, pre labour pains are here, but not enough. we got sent back home, might happen anytime though

>> No.30031088

>>30031037
I genuinely don't know how their machinations work.

My guess is that it's an excuse to set a new precedent on crypto regulation. Or, it's a shakedown. Or both!

>> No.30031090

>>30031037
what better way to minimize the wealth jed gets from a higher xrp price than to fud and keep the price low

>> No.30031137

>>30030738
I thought babas riddles were intentionally unsolvable so he could claim whatever date when it comes through some convoluted connection

>> No.30031142

>>30031037
No. To force the regulatory clarity.

>> No.30031242

Are you all retarded?
To reach atleast 200$ is nearly impossible. XRP is capped at 100 billion coins which means the total market cap for $200/coin would need to be more than the world GDP.

>> No.30031335

>>30031242
>He doesn't know

>> No.30031338
File: 3 KB, 124x125, 1599761994081s.jpg [View same] [iqdb] [saucenao] [google]
30031338

>>30031074
>BoZo
based

>> No.30031372

>>30031242
what about the 1.6 quadrillion derivatives market and 6.6 trillion/day forex market though

>> No.30031388

>>30031242
>what is marketcap
>what are derivatives
>what is fx volume
>what is trapped nostrovostro

>> No.30031395

>>30031137
Substitute
>intentionally unsolvable
With
>intentionally vague so he can garner attention

Ie, I could have told you since 2017 that XRP would eventually out perform BTC in the next super cycle slated to happen in 2020-2021

Does that make me a prophet twitter pharisee? Or am I just seeing the writing on the wall?

Baba is the same, at best he gets fed into, and thus had been saying "any second now" but in different terms since like 2019.

Your attention, is the one currency that rules all, your time paired with mentality. Everyone is fighting to be your leader, and I'm telling you to think for yourself and be your own leader.

See the game now?

>> No.30031441

>>30031242
ctrl c
ctrl v

>> No.30031496

>>30031242
wow you're so right after holding for 5 years i just sold my entire 20 million stack

>> No.30031573

>>30030039
It's never going to happen. The liquidity crisis is already solved. Fednow and IMF are implementing the ISO 20022 systems that will make it all possible. If you are thinking in binary terns of strictly USD vs metals, that is oversimplifying where we are at. We are not at the end. We are at the beginning. We are going to witness growth that spans much longer than our lifetime.

>> No.30031577
File: 68 KB, 1440x384, Screenshot_20210302-021406_Chrome.jpg [View same] [iqdb] [saucenao] [google]
30031577

FUD is being turned up? Thanks, just bought more.

>> No.30031606

>>30031242
You. Follow this post. Read it all then respond logically, no links, no ad homs, no charts. Just simple words and logic.
>>30027706

>> No.30031759

maximalism on a coin is dumb. Each has different uses. Diversify if you have the money to do so.

the annoying guys opinion is correct imo. Bitcoin is kept secure and valuable due to the energy investment that has accrued into making the chain. The energy consumption is a feature, not a bug, for its real use case (store of value, not means of exchange). Miners have large capex and opex put into the network and want mining rewards to reflect this , and their cumulative contribution to the network to be worth at least that cost.

XRP is extremely efficient as a means of exchange. But a lack of mining incentive, high supply, and energy efficiency aren’t great for a store of value type use case. The only incentive for nodes is to keep the network robust. This is good for exchange efficiency, but not good for store of value since mining incentive and high energy cost make nodes invested in the imbued value of the network. XRP instead gets its value from the ‘flux’ , where fiat is like water running through a pipe, and the value+availability of XRP is the diameter of the pipe. The pipe must be large enough to let the water through (the value of available XRP within an exchange period must be high enough to allow exchange to occur in that period)

>> No.30032047
File: 3.44 MB, 5872x3380, 1613987036667.jpg [View same] [iqdb] [saucenao] [google]
30032047

If this continues, I'll buy even more.

>> No.30032083

>>30031759
>the annoying guys opinion is correct imo. Bitcoin is kept secure and valuable due to the energy investment that has accrued into making the chain.

Lol can you actually logically defend this? There are commodities that have actual real life use cases that currently have production and mining costs that exceed the commodity's sale price. In those cases, it's logical due to industrial demand that the price of the commodity will go up since the cost to produce will make the miners shut down.
However in bitcoins case there is no use outside of its name brand. There is only cost with no purpose.
Keep in mind how many companies with big names and valuable brands have gone down. Projects and companies with tons of investment, energy costs, and supporters have failed. I don't see why bitcoin is this magical exception. All you guys have is fanciful narratives and tales.

>> No.30032107

>>30030677
Declaring it a security puts the US out of step with every other country in the world and will decimate the price at least in the short term.

He is going to confirm it might have started as a security but say these things can change over time, and at this point it will be a commodity or digital currency.

He's not stupid, he realises the importance of ODL to solve some economic issues that are prevalent right now.

>> No.30032126

Just saw Mochimo posted over biz

Cool to see a project actually doing something new

>> No.30032142

>>30031759
If BTC stored that energy, or had a use case of its own, that the market hasn't improved upon.... then yes.

If you could send me a BTC and I could power my factory with it.... wtf I love Bitcoin now.

But that's not the case is it.

If BTC transactions weren't super expensive, then it would be a currency. But instead, Blockstream and Bitmain quite literally cornered BTC, locked it in a box and made it, muhhh store of value.

But no currency that CANT BE used as a currency will ever be the "store of value." And will always be outclassed by the most frictionless, most liquid currency, and then that currency becomes the real store of value.

>wait anon so are you saying that BTC and Gold and even XRP also has no real intrinsic value and it's all a psychological game and almost everything is by decree as things become necessary for humanity?!
Yes.

Also.
>XRP is inefficient as a means of exchange

>top line implies you like BTC
Anon. No. You can't use BTC to buy a cup of coffee without paying more than you would have, on top of waiting longer, using a credit card.....

BTC on paper, as Satoshi, the DIA, designed it would have been a good currency, also outclassed by XRP eventually.

But nope. Instead China and Blockstream tossed BTC in a 1 mile think walled safe, labeled it muhhh store of value and keeps the key very very close to them.

They got duped. Good game.

>> No.30032179

>>30031759
i think Satoshi correctly predicted a lot of things about BTC's trajectory. i think it's likely that its value will continue to increase, but i think that a correction is coming, based on the statements by powerful bankers and in the media.

i am long bitcoin- but i also think that the price will decrease sharply, at least once more. i think whoever's behind Tether (probably, on some level, people who glow as hard as Satoshi- whether from the same faction or a rival one, i can't say) is milking it for all its worth right now because they know the end is coming.

>> No.30032182

>>30032107
The scenario you gave is a combination of what I said and it also = moon lol.

>> No.30032215
File: 594 KB, 2048x938, Screenshot_20210302-183426.png [View same] [iqdb] [saucenao] [google]
30032215

>>30031242
Well actually...
Hey Google, what is the world GDP
$80,934,771,028,340

What is $80,934,771,028,340 / 100 billion?

$809

>> No.30032262
File: 3.12 MB, 320x240, 1613850091974.gif [View same] [iqdb] [saucenao] [google]
30032262

>>30032182
Do you want to make out?

>> No.30032269

>>30029438
when can I exchange muh ripples for ripple stock?

>> No.30032301

how much lower are we gonna go

>> No.30032407

>>30032179
Satoshi played a complicated game. Basically the game was...

Evil actors, your demise is at hand. You may either A. Infiltrate and take over, accelerating your demise or B. Don't do anything and let BTC be as free and based as intended, deceleration of your demise.

Ie, lose now or later. They chose the option Satoshi ultimately wanted, which was play the evil people, of course they were going to do A, they can't just sit back and lose, they're too proud! Good, I'll let them think they win, then destroy the infiltrarors from within, infilception, and then you'll be either A. Left with your bags. Or B. Doompa BTC, pump the new asset and live to fight another day.

Game theory again. Which choice will they make? Is there something to mitigate their "fight another day?"

Hahahahahahahahaha! Tick tock tick tock. Nothing can stop what is coming anon.

Peace. Or else. Hahahaha.

>> No.30032436

>>30032301
idk but this thai red curry i just made is super good. i used a bunch of locally-grown lemongrass, ginger and turmeric and it really came through in the flavor profile. the key, i've found, is to use coconut milk, homemade broth (veg or pork or whatever, just save your meat/veg scraps and boil them down) and beer along with water. makes it hearty.

also fresh turmeric is fucking bomb! i am so excited to have found a local source for cheap fresh turmeric. i'm going to start eating it like baby carrots and will live to 100

>> No.30032462

>>30032262
Maybe one day. ;) but not really, I'm on a lonely path. Better this way. And I probably won't signal my real power level for a long time, here, pseudonymously it's okay. :)

Sexual things are a distraction. Get your fill and deliver yourself from it.

>> No.30032465

>>30032436
thanks just sold

>> No.30032485

>>30032407
why does every crypto/data/logic dude love game theory so much. seems cringe and reductionist. gotta remember the human element, people aren't computers.

>> No.30032519

>>30032269
Whenever Augustin Carstens puts down his al pastor tacos and says "it's time."

>> No.30032526
File: 86 KB, 964x545, 1614149985082.jpg [View same] [iqdb] [saucenao] [google]
30032526

new thread
>>30032496
new thread
>>30032496
new thread
>>30032496

>> No.30032550

>>30032485
People are literally biological quantum computers anon..... substitute quantum with spiritual, same thing.

>> No.30032551

>>30032407
(G)ary (G)ensler Well played

>> No.30032574
File: 2.95 MB, 1920x1080, 1611942087764.webm [View same] [iqdb] [saucenao] [google]
30032574

>>30032519
*eets tayme

>> No.30032613

>>30031759
>The energy consumption is a feature, not a bug
You're a fuckwit. Go back to the bumblebee petrodollar coin.

>> No.30032683
File: 82 KB, 233x533, 1613258189183.gif [View same] [iqdb] [saucenao] [google]
30032683

>>30032462
>And I probably won't signal my real power level for a long time,
https://youtu.be/rzQ4P4NeQvw

>> No.30032748
File: 98 KB, 432x576, 4Chan Feels Good Meme Medal.png [View same] [iqdb] [saucenao] [google]
30032748

>>30032407
Very well put, Anon.

Peace or else.

The (((currency))) is dead!!
Long live the (((((Currency)))))!!!

>> No.30032969

>>30030944
Uranium...
Americium...
Oxygen...
Radium?...
Oxygen...
Nitrogen...
What does it mean?

>> No.30033076

>>30031142
I like how everyone designing these systems, including Ripple, have been emphasizing the need for regulatory clarity and people still don't get it.
About 5:00 minutes into this video he talks about it. This is the same month the SEC suit was filed. IMF has been saying the same.
https://youtu.be/eQ9K158yOoM

>> No.30033255

>>30031395
>Everyone is fighting to be your leader,
There are plenty enough who are.
>and I'm telling you to think for yourself and be your own leader.
I don't think this worls for most people. It's just not natural. It is perhaps the folly of individualism. People on the whole are not meant to be leaders. Leaders are few and the function of leadership demands that they are few. What people need are good leaders.

>> No.30033440

>>30031759
>lack of mining incentive, high supply, and energy efficiency aren’t great for a store of value
How is value limited to expending energy? For example, the value of SDRs is backed by things which already have traditionally accepted value.
>SDRs were created in 1969 to supplement a shortfall of preferred foreign exchange reserve assets, namely gold and U.S. dollars.
In this case, the value of the SDR is determined by the ratio of the SDR to the reserve assets backing it.