Bitcoin and Crypto Thread

JayR said:
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Oh I hear you loud and clear... "Money, money, money, only dummies don't claim free money that is so simple and easy to use and access that it requires no understanding, no books to read, no extra time... simply sign up and start receiving your free shekles! And hurry up and claim it because unbeknownst to you, you dummy, the sky is falling and the cash in your pocket isn't worth the paper it's printed on even though you still think it works it doesn't, it's just an illusion that you're too stupid to see."

Thanks "brother" for the lies. I'll pray for you to learn to cogently put forth good counter arguments without having to result to adolescent memes that give new meaning to the term "fights like a girl."
 
Really I was just making a general statement of "read this, it will probably be of interest" to readers of the thread that are bitcoin curious, not specifically to our resident skeptic.

@PurpleUrkel you have some valid points (and this paragraph is more for the other posters in the thread, not you specifically) if I post a rebuttal, I'm not trying to change your opinion, I won't and that is true for almost any debate with anyone. I'm just trying to understand something new and complex in a public way, by responding to your thoughts with my thoughts.

Just my way of saying "let the arguments speak for themselves gentlemen", as much as possible.
 
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Bitcoin is a completely new concept - absolute scarcity, the only experience we have with it is our own finite life span.

Everything in our experience is screaming that nothing can be finite - there is always more to find.

Everything in the human experience, before technology like ships and mathematics, said that the Earth must be flat. Time must be constant. These limited understandings of reality did not hinder humanity in the slightest, until we advanced enough to NEED that better understanding.

Without understanding a spherical Earth, long range navigation was impossible. Without understanding curved space-time and time dilation, GPS doesn't work.

In many cases, humanity discovered a better understanding of reality, before that unlocked an upgrade in civilization.

Many people that use GPS, have never thought much about time dilation, and most couldn't show it mathematically - but it still is a useful tool for everyone, in many different uses, from precise navigation for aircraft to door-dash drivers.

Absolute scarcity unlocks the next upgrade - a lot of which we might not live to see, but maybe our descendants will, and that is enough for me.
 
chance vought said:
Bitcoin is a completely new concept - absolute scarcity
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I truly believe that within 30 years time or less "whole coiners" will be the equivalent of what "ultra high net worth individuals" are today. Currently there is around 1/2 million ultra high net worth individuals in the world. Some sources estimate that currently the number of Bitcoin "wholecoiners" is somewhere around the half a million mark. If Bitcoin becomes the new monetary reserve asset then we can all see where this is going.....
 
chance vought said:
Alt season is canceled in my opinion. That scam has been run so many times that there is nothing left in it - especially with the lightning network, none of the alts can claim any legitimate use case, except gambling on extremely short term hype then pump and dumps.
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Tell that to xlm, xrp, sei, sui. Tao.

All are breaking out and all have use case

I’m not saying buy now, you should have bought at any point in the past 2-3 years
 
cosine said:
I kind of despise people who tout the percentage return of bitcoin all the way from 2009. Dividing by (near) zero is always going to net you a monstrous looking return.

For me the fall 2017 bull run was when it started really popping up in news and in everyday conversations all over the place. So I'd compare it to roughly Sept 2017.
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It is in many ways just the theory of numbers and yes, a nascent characteristic. But people use nascency against BTC all the time, with the whole (stupid) reasoning that it's not been around and thus can't be trusted like something that's been around for thousands of years (let's say gold). But those people always leave out that gold had its nascent period, so the point is that you need to focus on the characteristics of the asset. In short: do your homework.
PurpleUrkel said:
I've already resolved my financial dilemma in large part by creating a life that requires very little money to survive, thrive, and grow. And so I don't need anymore money from a new source that eats at my time and takes up RAM on the hard drive that is my brain. I actually have hobbies to pursue that are "free," their only requirement is time and me being physically healthy enough to pursue them. For the most part, money is not of much help in these departments, it is time that is most valuable.
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That's fine. What's more, though, is that I don't want to be "most" people as you put in the post. I'm not satisfied with that, because Purple, and this is one of the points of our forum, most people are clueless about most things. Beyond that, you go on to say that time is most valuable, and that's the entire point with BTC, it saves you time and frees up your time. The problem you have is that you don't know much about BTC but you keep attacking it and you don't have any argument against it, really. That's the issue. If you are ok in your own fiat/cash bubble, great! That's got nothing to do with people who want to learn more about, and utilize BTC. Yet you keep coming here spouting nonsense about BTC and about those of us who are teaching others about it.
PurpleUrkel said:
It's what you want and what you think you have. Only time will tell. Most people just want a little bit of cash in their pocket, a job that is semi-enjoyable and doesn't kill them or make them sick, health insurance, a car, and a house.
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Yes, and the best asset that is re-pricing the world currently, will give that to you.
 
PurpleUrkel said:
Oh I hear you loud and clear... "Money, money, money, only dummies don't claim free money that is so simple and easy to use and access that it requires no understanding, no books to read, no extra time... simply sign up and start receiving your free shekles! And hurry up and claim it because unbeknownst to you, you dummy, the sky is falling and the cash in your pocket isn't worth the paper it's printed on even though you still think it works it doesn't, it's just an illusion that you're too stupid to see."

Thanks "brother" for the lies. I'll pray for you to learn to cogently put forth good counter arguments without having to result to adolescent memes that give new meaning to the term "fights like a girl."
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Everything you post in this thread has been rebutted ad nauseum by members far more knowledgeable/articulate than I. It's just tiresome at this point.

Meme response was immature of me, though. I apologize.
 
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chance vought said:
A few insiders fleecing millions maybe useful to them, but not to the broader market or society. XRP? really?
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Your other message mentions crypto coins generally don’t have a use case. I mention some of them that do, and you act surprised?

Xrp is used as a fast and low fee digital transactions and last year partnered with the central banks. They also rolled out their stable coin which is based on US dollar reserves,

If you’re asking why xrp skyrocketed in the past year, that’s why. Xlm is a similar coin with similar use case(cross border transactions with high volume, low fees, solid partnerships with banks)


Usdt is not based on any reserves, or on anything and it’s the worst kept secret in crypto.

Sei, sui are both breaking out right now. Both layer 1 blockchains looking to be the next solana.

Tao is another one, breaking out right now, has utility and the best tokenomics in all of crypto currency. Most of it staked, about 80%, so when an alt season is happening, like right now you see some big pumps.

You can still buy any of these but the time to buy them was the past couple years.

Better off picking a coin that hasn’t broken out yet. Aitech or tai maybe
 
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eradicator said:
Your other message mentions crypto coins generally don’t have a use case. I mention some of them that do, and you act surprised?

Xrp is used as a fast and low fee digital transactions and last year partnered with the central banks. They also rolled out their stable coin which is based on US dollar reserves,
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XRP did not partner with central banks. All nodes are controlled by ripple labs, so there is no consensus and no way to enforce the rules of the protocol - the rules are whatever ripple labs claims they are, as they dump billions of pre-mined tokens on gullible retail “investors”
It may as well be an SQL database. Payment speed and cost is not the problem…money is the problem.
eradicator said:
If you’re asking why xrp skyrocketed in the past year, that’s why. Xlm is a similar coin with similar use case(cross border transactions with high volume, low fees, solid partnerships with banks)
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It didn’t skyrocket, its down 65% in the last 12 months.
IMG_0090.jpeg
eradicator said:
Usdt is not based on any reserves, or on anything and it’s the worst kept secret in crypto.

Sei, sui are both breaking out right now. Both layer 1 blockchains looking to be the next solana.

Tao is another one, breaking out right now, has utility and the best tokenomics in all of crypto currency. Most of it staked, about 80%, so when an alt season is happening, like right now you see some big pumps.

You can still buy any of these but the time to buy them was the past couple years.

Better off picking a coin that hasn’t broken out yet. Aitech or tai maybe
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Banks don’t want any of this garbage.
 
chance vought said:
XRP did not partner with central banks. All nodes are controlled by ripple labs, so there is no consensus and no way to enforce the rules of the protocol - the rules are whatever ripple labs claims they are, as they dump billions of pre-mined tokens on gullible retail “investors”
It may as well be an SQL database. Payment speed and cost is not the problem…money is the problem.

It didn’t skyrocket, its down 65% in the last 12 months.
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Banks don’t want any of this garbage.
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For xrp
“Key partners include major banks like Santander, Bank of America, and Standard Chartered, alongside remittance companies like MoneyGram and Tranglo, and even technology firms like Amazon Web Services (AWS).“

They are partnered with big banks not central banks like the federal reserve.

For Xlm it’s a similar story.

This is the past ten years, in market cap.

IMG_6595.jpeg

If you’re talking just the past 12 months, it’s up by a 6x, vastly outperforming most other coins in the top 50 in market cap in that time period, including Bitcoin

What exactly was your point? Xlm and Xrp have no use case or partnerships and are garbage?

Except both are absolutely thriving
 
What partnerships? There is absolutely nothing happening with AWS, BofA or Santander. They aren’t using XRP, XLM or any other alt-coin…no one is. Give an example…
That is my point - there is no use case for “cross border payments” or whatever they claim, for a centralized worthless token. It’s not secure, and not decentralized. The SEC could raid ripple labs and shut down XRP at any time. It’s a bitcoin affinity scam that is only confusing the issue for the rest of the world, and slowing down the adoption of bitcoin.
 
chance vought said:
What partnerships? There is absolutely nothing happening with AWS, BofA or Santander. They aren’t using XRP, XLM or any other alt-coin…no one is. Give an example…
That is my point - there is no use case for “cross border payments” or whatever they claim, for a centralized worthless token. It’s not secure, and not decentralized. The SEC could raid ripple labs and shut down XRP at any time. It’s a bitcoin affinity scam that is only confusing the issue for the rest of the world, and slowing down the adoption of bitcoin.
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"ChatGPT, Does Ripple work with or is used at all by AWS, BofA or Santander? If so, how?"

Yes — Ripple’s tech, especially RippleNet and the XRP token for On-Demand Liquidity (ODL), is indeed used by AWS, Bank of America, and Santander in various ways:



☁️ AWS (Amazon Web Services)​


  • AWS hosts Ripple’s infrastructure—Ripple uses AWS cloud services to run RippleNet, including xCurrent, xRapid, and xVia solutions CoinStats+3Gate.com+321Shares+3.
  • More recently, AWS is exploring integrating XRP into its corporate payment systems. AWS confirmed a dedicated team member is working with Ripple to evaluate XRP’s use in payments via merchant and consumer platforms AInvest+3AInvest+3Bitget+3.

Bottom line: Ripple runs core systems on AWS, and AWS is actively investigating XRP for payments.



🏦 Bank of America (BoA)​


  • Bank of America is part of RippleNet’s Governance Group, working with Ripple to standardize cross-border payments Finbold.
  • BoA utilizes Ripple’s On-Demand Liquidity (ODL), using XRP as a bridge currency. It enables:
  • A recent estimate: BoA moves ~$1.1 trillion through XRP annually, with a specific client saving ~$120k in fees and $1.2M in float costs per $50M monthly flow AInvest+1CoinStats+1.

While early cut claims (e.g. 100% internal use) are unsubstantiated Finbold+1Binance+1, BoA’s participation in RippleNet and use of ODL is well-supported and public.



🌍 Santander​


  • Santander integrated Ripple’s xCurrent into its One Pay FX app back in 2018 for real‑time international payments Gate.com+6CoinStats+6AInvest+6AInvest+4Wikipedia+4Digital One Agency+4.
  • It is now expanding adoption of ODL using XRP, focusing on liquidity corridors alongside other banks .
  • Santander is listed among the major banks (with ~$760 billion in annual flows) using XRP for institutional value transfers AInvest.
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The XRP database runs on AWS…not surprising, but it’s not Amazon adopting XRP!

The sources cited do not look legitimate. FinanceBro? CoinWorld? AInvest? These are just fake articles funded by the ripple labs pre-mine, er “foundation”.
 
chance vought said:
The XRP database runs on AWS…not surprising, but it’s not Amazon adopting XRP!

The sources cited do not look legitimate. FinanceBro? CoinWorld? AInvest? These are just fake articles funded by the ripple labs pre-mine, er “foundation”.
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These are some of the major partnerships that are generating inflows and jacking up the price of ripple. To be Frank you don’t have to understand the use cases, but to deny the existence of the use cases and utility, you’d have to be a damn fool, and then simply be denying reality.

Key Partnerships and Use Cases:
Santander: Collaborates with Ripple to utilize its technology for cross-border payments.
American Express: Partnered with Ripple to speed up cross-border payments between the U.S. and the UK.
Bank of America: A major partner testing Ripple's solutions to enhance payment systems.
SBI Holdings: A significant partner in Asia, utilizing Ripple's technology for financial payments and remittances.
MoneyGram: Previously partnered with Ripple to utilize XRP for international payments.
Amazon Web Services (AWS): Provides cloud-based support for Ripple's infrastructure.
Ctrl Alt: A UAE-based tokenization platform using Ripple's custody infrastructure to store tokenized real estate deeds on the XRP Ledger.
Amina Bank: A Swiss institution offering RLUSD custody and trading, with Ripple's support.
Tranglo: A remittance company in Southeast Asia using On-Demand Liquidity (ODL) powered by XRP.
SBI Remit: A Japanese remittance provider utilizing XRP for international transfers.
Frankenmuth Credit Union: Allows members to buy and sell XRP.
Deloitte: Consults on Ripple's blockchain applications for digital payments.
Berkeley Haas: Partnered with Ripple to support academic research, technical development, and innovation in blockchain, cryptocurrency, and digital payments.
 
eradicator said:
These are some of the major partnerships that are generating inflows and jacking up the price of ripple. To be Frank you don’t have to understand the use cases, but to deny the existence of the use cases and utility, you’d have to be a damn fool, and then simply be denying reality.

Key Partnerships and Use Cases:
Santander: Collaborates with Ripple to utilize its technology for cross-border payments.
American Express: Partnered with Ripple to speed up cross-border payments between the U.S. and the UK.
Bank of America: A major partner testing Ripple's solutions to enhance payment systems.
SBI Holdings: A significant partner in Asia, utilizing Ripple's technology for financial payments and remittances.
MoneyGram: Previously partnered with Ripple to utilize XRP for international payments.
Amazon Web Services (AWS): Provides cloud-based support for Ripple's infrastructure.
Ctrl Alt: A UAE-based tokenization platform using Ripple's custody infrastructure to store tokenized real estate deeds on the XRP Ledger.
Amina Bank: A Swiss institution offering RLUSD custody and trading, with Ripple's support.
Tranglo: A remittance company in Southeast Asia using On-Demand Liquidity (ODL) powered by XRP.
SBI Remit: A Japanese remittance provider utilizing XRP for international transfers.
Frankenmuth Credit Union: Allows members to buy and sell XRP.
Deloitte: Consults on Ripple's blockchain applications for digital payments.
Berkeley Haas: Partnered with Ripple to support academic research, technical development, and innovation in blockchain, cryptocurrency, and digital payments.
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if it works, send me $0.17 USD using ripple, let me know which app to download
 
why do you need to own XRP to send dollars? I thought it was a tool for sending cross border payments? I dont want XRP, send me dollars using the XRP network to transmit them

I can send you fiat dollars instantly (or yen, or euros, or pesos) using the bitcoin lightning network, without buying bitcoin, using Strike. Zero fee. no token required

sorry guys, there is only one use case for a blockchain, and that's money, and bitcoin already won
 
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