XRP - Ripple (in the pond)

[moXJO]

Wish I had got on board with all this stuff earlier... It's not that I don't have a brain capable of technical thinking, I could bore people for 6 hours straight with with digital morphology, physiology, biomechanics and suchlike.... stuff perhaps only 0.001% of the population might be interested in.

Try as I may need to understand all this crypto stuff, and beyond the absolute basics, I start to just glaze over.

I can't even really understand how it's a thing really. lol

For me it's a constant search for the next big thing. Generally I can handle a couple months of intense study, then go off and do something else for a bit. Blockchain is a solution looking for a problem. Most systems we have now do it better. It's mainly the decentralised novelty of it.

Example one recent nft was basically a black square that you could code something on. So eventually a group of strangers will come together to make something together. Forgot what it's called. There's also buying and selling platforms that are decentralised etc.

 

[wayneL]

My friend was ranting on a bit about the international settlement aspect of ripple/xrp as a replacement for SWIFT BIC, and as a true useable currency.... court case notwithstanding... plus a bunch of other stuff that went over my head.

TBH, I can't see Central banks and especially The Fed not putting the kibosh on it

 

[moXJO]

My friend was ranting on a bit about the international settlement aspect of ripple/xrp as a replacement for SWIFT BIC, and as a true useable currency.... court case notwithstanding... plus a bunch of other stuff that went over my head.

TBH, I can't see Central banks and especially The Fed not putting the kibosh on it

Everyone thought that they were going to use xrp for the transactions. But apparently they only needed a small amount of it. Banks already implemented something similar themselves. They never needed the coin. Westpac and another bank did a trial/investigation and nothing came of it.

A few banks signed up, but the token isn't important from memory. It's fast transactions though.

 

[frugal.rock]

Not sure why, but it's getting well ahead of other crypto's.
What's happening with the SEC court case?
Interesting move to say the least.

 

[againsthegrain]

Not sure why, but it's getting well ahead of other crypto's.
What's happening with the SEC court case?
Interesting move to say the least.

View attachment 147154

was looking at this today as ripple was going up, my google searches found this:

According to defense lawyer James K. Filan, on Sept. 18, Ripple Labs filed a motion for summary judgment — a legal process that involves the court making a final decision based on the provided facts, rather than ordering a trial — and a decision on whether XRP is a security is expected by mid-December

 

[againsthegrain]

Watching xrp with interest, been holding up well, looks like it is unpegged from btc for now. Trading view is showing xrp as a buy where btc is a sell.