Trump Jr. — "We're about to shake up the crypto world with something Huge. Decentralized finance is the future — don't get left behind. #Crypto #DeFi #BeDeFiant"
(media.greatawakening.win)
LET'S GOOoOoooo!!!
You gonna tie it in with DWAC so we all get rich too? Hook a brother up!
EDIT:
RE: Fidelity explains what #DeFi is and how it works. Note Don Jrs hashtags...
Tie it in with GME too.
Pretty much everything wrong with the entire world's financial and monetary systems can be done with one simple fix. Tie DJT and GME to NFTs; each stock it's own unique identifier, easily tradeable without any need for the DTCC, NYSE, etc., no short sales, no options, no fuckery; decentralized and usable as an asset backed currency.
Watch the stock market try to match the stocks for these companies to the correct number of unique identifiers. Do this to just these two stocks and watch what happens.
This action would cause the beginning of a cascade of events that would lead to the end of the world as we know it. (But I feel fine!)
Imagine after the new system is formed, with a fair playing field, how great investing in stocks will be. I wish I was born 20 years ago lol.
There is a difference between a "Stock Market" and the ability to invest in a company by buying stock in it. I agree that a Stock Market as we understand the term should not exist. It's design purpose is fuckery. It was designed to be used as a casino where the House Always Wins. It has fulfilled that design for over 400 years.
Investing in a company however makes a ton of sense. It allows for an entrepreneur to get funding for their idea and potential products by promising shares in the profits (dividends).
This is what "stock" was originally designed to do: a democratization of ownership (really it's very similar to the Socialism Economic Design Model as applied to a company, not a nation). It was originally a scam, but only because the Market has always been controlled; i.e. we have never had a Free Market. Not even for a second.
If we can decentralize and streamline stock purchases and ownership, and get rid of all the internal Casino fuckery (options e.g.), we can have a Free Market. Just imagine what humanity can do when there is a system in place that allows for all ideas to have the potential for funding.
A fair and free stock market should exist.
Agreed.
Its related. GME put their NFT projects on hold due to gov regulatory uncertainty. Now Trump is taking steps to clearing this up and making it all legitimate.
Also ties in with Ryan Cohen's public support of Trump. First steps towards legitimizing an NFT (defi) stock exchange.
Excellent superstonk post about this:
https://old.reddit.com/r/Superstonk/comments/1ecq3rb/in_defense_of_rcs_recent_tweets/
from what i can tell, xrp is evil. it might as well be a cbdc.
It basically is.
Developed by Ripple Labs, partner to the WEF. Don't forget.
It pretty much is. It's a centralized, private fin-tech (read: bankster) token that shouldn't (but to all those that "like" (read:bagholding) XRP you get your bag) be promoted on a board like this but it is what it is.
I Hold 2 Cryptos....SOL & XRP.... Exciting Times ahead....
Do you think XRP will become bigger than Bitcoin?
Absolutely. If you transfer money with XRP, the recipient gets it immediately. With bitcoin it takes a whole day and the fee is so ridiculously high it's not worth it. Also, there's a cap on how many bitcoin can be farmed annually.. it has gotten to that point. Selling a portion cause much volatility in the market, not stable as a bridge.
Thanks for the info!
XRP is a WEF scamcoin used to usher in the CBDC
I keep hearing that but then I wonder why so many exchanges won't touch it while Tether and USDC is everywhere.
I have heard that as well.
I’ve heard this too, but how have you verified it’s a scam? Do you have any links/sauce?
Go onto the World Economic Forum's website and look up their partners. Ripple Labs is right there
I disagree 100%....but you are entitled to your opinion....'Scamcoin'?? Edit: Instead of down voting why not tell me why it's a 'scamcoin'.... Cowards.....
IMO, No....BTC is the Big daddy that all Cryptos are coupled against...When BTC goes up or down ALL coins follow...Now and again you do get the odd one for some or other reason going up on its own like XRP did recently...So you never know really...
Thanks!
I am carefully watching XRP.
Speculation is that its going to go up anywhere from $1 to $350....Most analysts think between $18 and $26.... Ill be Happy with $2 each....😁😎Because our Currency is So shit against the $ I can make a bit hopefully....If it hits $350 I'm retiring a lot of people....Lol
lol.
Good luck.
I will have a lot more spare cash by this time next year. Focusing off paying debt first.
So I am hoping I can still buy in at that time.
If the fed gets disolved…. Poof goes everyones debt
It's worth way more than that.. it will replace bitcoin entirely and used by all countries to move currency. You're looking at 4 digits. But only Time will tell who's right and wrong.
Purkiss,
Check this out
https://x.com/search?q=XRPL&src=trend_click&vertical=trends
Will do....thanks
What wallet can you store xrp on? I have some on uphold exchange and want to transfer them somewhere safe.
I use trust wallet...
Thanks
$589
Well, you picked the perfect day for it. Up 20% in the past two hours since the ruling was announced.
All of the overseas scamming spammers on Telegram sure think so!
lol
Krugurrands as well Purkiss, those are my favorite gold coins. I am sure you can get those in SA at a great price. Keep stacking!
I have silver krugs
I have those as well.
Did you know their is micro-engraving on the back?
Yeah, KrugerRands are Tops....I Need my Crypto to Kick off so i can Buy them....😆🤣😎
What makes a krugerrand better than an eagle?
Gold is gold, silver is silver…. Keep calm and Stack on !!!!
I need to start stacking again. I am more of a collector of the more rare stuff but you are exactly right as long as you are saying physical. I splurged and got another Trump round after the AA.
To be quite honest, I have no Idea....Didn't know it was... When I say Tops, I mean as in Good/Great...Not as in the Best...If that's what you're referring to...😉😎
Oh International Slang, you impish little fiend.
🤣😎
They are both govt issued coins,and the premium is much less on the krugs.
In the US it should be, because part of the premium is its value as legal tender. I would expect it to be the opposite in SA.
But I’m guessing on both, that’s just what makes sense to me. I didn’t know if there was some other reason one might be better than the other though.
The stuff with serial numbers is tops imo.
This coin is for you then. https://www.jmbullion.com/peace-silver-dollar-bu/ brilliant uncerculated and 100 years old.
JM Bullion is the best. Been buying my metal from them for over ten years.
There is no better choice. 1 oz is still 1 oz no matter where it came from. If there must be an answer, the lower the premium, the better the value. But when it is time to sell, you get a better sell back rate with the higher premium choice if that makes any sense. If you want a simple answer, stack what you like with the lowest premium attached and you are doing it right.
I love Krugs. Don't have any gold ones yet but love the silver value
Im not interested in shit crypto. Back our currency by a commodity like the Constitution demands.
Yeah, what’s this nonsense? I’m not converting my cold hard cash (gold and silver), into digital tulips.
There was a time in America, one could go into a bank, turn in a $20 Bill & get an Oz of gold in return. I should see no reason why that should not possible anymore. We KEEP our digital infrastructure but we hold our institutions to the US Constitution.
You really want to chase nods on a screen?
Yeah. I'm not paying capital gains tax on metal sales. First of all, it's not a capital gain to exchange for a larger amount of devalued currency for the same effective value. Second of all... I'm just not. Best of luck taking it from me.
I've never heard of such a thing backing a currency.
What?? Why?? Crypto is awesome! Just look at this:
In order for BTC to work as a medium of exchange, BOTH parties need - At a MINIMUM:
It doesn't get any more simple than that! Right??
And then when the grid goes down and you've got spotty electricity, zero WiFi, internet in general is a dream of the past, your bitcoin will be.....er.....oh, wait a sec......hmmm.....uh.....this is awkward.....
Gold & silver for this frog, 100%. Backed up by a huge foundation of brass, copper & lead.
AMEN MY BROTHA!
👌🤗
everything will be backed by gold and silver and moved by xr
Sauce: https://x.com/DonaldJTrumpJr/status/1821164331020517596?t=lwMwzn1kvgQst4BMSmVWug&s=19
They might come out with a new crypto-currency. Probably something like Trump Coin.
I really hope it's not Trump Coin.
A judge just ruled that XRP is not a security, providing clear legal status and removing regulatory hurdles for its use in the financial system.
https://x.com/VincentCrypt46/status/1821280088660549943
That was a long time coming; the lawsuit began Dec 2020.
Wow, I'm not a big crypto guy, but that is a significant finding, isn't it??
It seems to go along with what Don Jr is saying.
Anyone know exactly what he's talking about here? I'm not very savvy with all the crypto stuff unfortunately.
Decentralized Finance uses smart-contracts to enable individuals to put up capitol into these contracts on decentralized exchanges to allow for liquidity and get a % based yield on a currency pair (ex. ETH - USD(insert stable coin ticker here) or ETH - DOGE(insert token)).
So you put up 0.1 ETH and the USD equivalent and can earn a % whenever that pair is traded.
Or:
You can put up 0.1 ETH and USD to earn tokens (often the DEXs own token or other listed tokens) as rewards based on the staked %.
The common smart-contract chains are: ETH (the most popular - can get insanely expensive to execute contracts), BNB (Binance Exchange's network - would recommend to avoid it and any other centralized entity), ADA, SOL (youngblood - the hip trendy network), AVAX, MATIC (falling out of favor) and then there are a whole bunch of other networks that are their own thing or networks specifically built so that they can be bridged back to ETH as a form of second layer (L2).
Basically it's this:
You take crypto (that you control - if you lose the private key/seed, it's like throwing that money into Mt. Mordor, there's no one to call to get it back, it's gone) and you put it into a decentralized exchange's (DEX) smart-contract (that you don't control per-se, but can typically withdraw and harvest the rewards whenever you choose unless you specifically choose a contract that has a time-lock, so you have control in that aspect) platform to earn a % yield on the staked liquidity.
The onus is on the individual to safeguard their crypto so you really have to know what your doing in order to prevent lost funds.
I would recommend learning with a crypto that has cheap transaction fees (tx fees) (Subjective, but stay away from BTC and ETH because their fees can get expensive real quick if you don't look up the tx fees ahead of time.) and figure out how to send and receive coins to and from your crypto wallet before even dipping your toes into DeFi and other smart-contract based crypto applications.
This is all well and fine, but members of the 2nd Continental Army (Normie Enlightenment Division) that have been at it for free for better than 3 years (obviously MUCH longer in researching) are hoping there's still some gold for them at the end of this rainbow. We're in it to win it first ;-).
Gonna be real, chief. I don't care who shills for it, crypto is retarded. "Currency" that requires power and an internet connection is not "disaster proof" and to say otherwise is retarded.
It's not disaster proof if the disaster is no power. Who ever said as much?
You people have no vision. A medium needs to exist to facilitate online transfers of funds for goods and services, which are now the vast majority of purchases.
Metal coins are the backup, not the main instrument.
Why can't we have a situation were you give me all your money, gold and silver and I'll give you imaginary tokens in exchange.
Everyone gets Bitcoin at the price they deserve
Defi .....
That assumes decentralized exchange type of thingy. ..... Potentially, combined with TS integrated with X ....
Now, if Elon would also then integrate Pi .... Together with Amazon, it would facilitate quite a wide range of trade issues.
That would be a stroke and a real shakeup.
Say someone hasnt made any moves yet and just had usd and gold. Would anyone like to reccomend what their first few moves would be if they were to make them starting now?
XRP looks promising.
Two words. Pulse Chain.
Boom! Trumpcoin.com for the win!
whenever I find them here in my country, I buy Swiss Gold coins, they are small, beautiful and easily recognizable, never heard of fake ones.
plot twist, the trump coins are already hidden inside the trump sneakers for the real supporters
I'm all In on precious metals, but what happens when that is what our money is backed with? If everyone has to store piles of silver and gold at home, we will al be targets to be robbed. Crime isn't going away. And we can't trust to turn in our physical for a digital currency. We also can't walk around with silver coins to pay for shit. Silver and gold will be so valuable it will have to be measured in tiny fractions of an ounce. Digital currency solves this problem. But once again, we can't just turn in our stacks of metals for a promise. What do we do hahahaha. I can't wait!
Correct me if I’m wrong Do you use credit cards? That’s CBDC because money is all electronics now. Your money in the bank is electronic. You think they have the physical money sitting in the bank? XRP can move anything of value, fiat money backed by gold, assets backed currency. If dollars are backed by gold, we can still use XRP to transfer money to other countries with cbdc, when money transfers back to us we can covert it back to asset backed currency. XRP is a bridge/utility currency, not a meme coin.
Can some help a fren understand why crypto is better than fiat? I know someone will say it's "decentralized", but how does that make it better? I don't think I truly grasp crypto.
Watch this episode of Tuttle Twins on Angel for great info that's easy to understand.
https://www.angel.com/watch/tuttle-twins/episode/de46fca9-d387-47f5-b13f-ff336885518c/season-2/episode-3/bitcoin-and-the-beast
Centralized money creation depends on an authority to do so.
Technically, you go the bank, ask for a loan. By putting your signature on a piece of paper, the I owe you, creates the impetus to provide you with FRN, Federal Reserve Notes. However, these were created out of thin air. The Bank does not give you anything of value that you did not create before hand.
The government does something equal. They need money. They write a IOU, and the FED created the FRN's to be used in all kinds of transactions, including Ukraine moneylaundering. This of course is called: deficit spending and increasing the national debt, now running at 35 Trillion, up from 22 4 years ago.
enter: electronic currency
So far, we talked about physical FRN's, or the banknotes you are familiar with. However, since a 100 years it was possible to sent currency electronically. How? By Telegraph. All that is needed are two trusted entities exchanging messages. It is called: corresponding banks.
700 years before that, people would deposit their gold at a bank, receive a slip of paper stating such a deposit, of course, well signed and sealed, and they could travel to Jerusalem, or Constantinople, or Rome, and collect their gold there.
Since the 70-ties we use SWIFT for international payments. It is nothing more than a system of messages between one bank and another. It contains the name of the sending bank and the receiving bank, the name and bank-account number
Blockchain
Blockchain is a technology that, like a chain, hooks one block of messages to another such that there is assurance of the correctness of the messages and the history of them. This means that every transaction ever made, is entered into a block of messages, comparable to a page in a order-book, cash-book, bank-book,etc (analogue book-keeping), and that block never dies, never erases, and always exists. This means, every so often (10minutes for example) a new block (page) is added to the chain. This means that the totality of the book grows. This is called blockchian growth. (see size bitcoin blockchain.raw)
The contents of the message of course, is a number of coins. Coins are fungible, in the sense that you can partition a coin into smaller parts.The coins are created by solving a mathematical puzzle, at least in the case of BTC/Monero and some others. The transactions, broadcasted onto the chain by the wallets in operation, are put into a block by solving the same kind of puzzle. (check mempool.space).
Of course, the sender address and the recipient address are also mentioned.
Some blockchains are slow, like Bitcoin, sometimes needing 10 minutes to confirm a transaction, othertimes it may take hours. Some chains, like BCH or XRP, can work with thousands of transactions a second against a very low fee.
For BTC, the transaction fee, payable by the one ordering a transaction, may be about a dollar and a half. BCH is less than a dollar cent per transaction.
From this you can glean that the choice for the use of a currency to pay goods and services favors the chain that is cheap and fast.
There are chains that allow for the creation of smart contracts. For instance, documentary credit involving 3 or more parties. Or simply trades that need to be executed with the passing of time. Other chains, like Cardano, allow for the creation of so called NFT's, non fungible tokens. A token is a message surrounding a real life asset, like a house, a painting, a car, in short, the ownership of goods, that can be passed on to someone else, only by passing on the message from one wallet to the next.
It is easy to see how notaries have gotten themselves in a position of competition.
At any rate, The creation of money, by solving puzzles, is not done by banks, but by miners. Often times these miners operate in pools. These pools consist of individuals mining with their own computers.
Certain chains, like Monero, pursues a policy in which no single entity can corner the mining market. With BTC, there is a battle going on. Certain pools have a large swathe of the mining operation. For Crypto coins to operate correctly, it is important that the mining operation remains decentralized.
In effect: Blockchain allows for the assurance of the correctness of transactions, and the crypto coin allows for the transaction to be made. So, the middle man is cut out of the equation.
There is no bank anymore that can step in and say: this transaction we will block because we do not like your face, your political views, or requires your submission to governmental controls.
Where .gov controls are situated are at the fringes of the crypto sphere, when you want to move FIAT and exchange it for Crypto Coins. Banks like to be the gatekeepers. What they still have not comprehended, is that their time of existence has ended. You do not need them. The crypto sphere has everything: loans, mortgages, trade financing, saving, investment, currency trade, contracting, the works.
What we see now is that the FIAT world thinking is working very hard to curb new world crypto thinking. And the old world is losing.
The other way around .... well .... it all depends on how you approach off shoring and the use of the legal persons ( entities). But that is where taxation comes in. Again, as soon as you try to liquidate crypto coins, .gov views that as somehow they are entitled to a piece of the action.
IF anything: .gov has shows to be utterly non-deserving of that. Not transacting in national currencies blocks jurisdiction. Of course there are other means to acquire jurisdiction, but that is another discussion.