Yup. XRP could go down to $2.18 from here. Same with Flare. Sometimes a good strategy is to just buy $20 a week. However with Flare you start making yield right away and getting the monthly bonuses until January maybe reason enought to "ape in"
You could always ask chatGPT or Grok what it thinks you should do based on your budget/income.
Even getting in at $20 just to get a feel for wrapping and delegating is at least also teaching you something. You learn a bit about how Web3 works and make an investment, that's win-win.
I think you're taking me as saying XRP is a hard hold as regret. I reget nothing.
Or maybe people will wrap it with flare or something and then no one would own a bitcoin, you'd have a contract that was considered to be as good as bitcoin on the blockchain.
Weird.
Because more people could have come aboard. Gotten ahead for once.
well, a quick google search will show you this: XRP is considered centralized due to several factors. The network's consensus mechanism relies on a Unique Node List (UNL), which is hand-selected by Ripple, the company behind XRP. This means that Ripple decides which nodes can oversee transactions, leading to a lack of decentralization.
Ah so it's decentalized but because Ripple wants people running the network who they believe can have insurance and infrastructure makes it "technically" not decentralized in your mind?
You can say the same about Bitcoin. Mining and running the network primarily happens in China.
Additionally, Ripple controls over 55% of the total XRP supply, allowing them significant influence over the market and network governance.
They're also selling that supply to buy big companies. Having that supply could be gfted to the governemt. Kinda like that plane...
The consensus algorithm used by XRP, known as Proof of Authority (PoA), further emphasizes its centralized nature, as it relies on trusted nodes determined by centralized entities rather than a decentralized network.
Again, same thing could be said about Bitcoin and China.
Critics argue that XRP's design goes against the core philosophy of most decentralized blockchains, as it requires direct permission from the XRP Foundation to participate in consensus, making it nearly centralized in terms of blockchain design.
Critics argue? Are you writing an article here? That's the same point you've already made just worded differently.
These aspects highlight the centralized nature of XRP, contrasting with the decentralized ethos of other cryptocurrencies like Bitcoin.
I mean if you're a Bitcoin maxi they might help you cope but why would anyone run a Bitcoin miner? Electricity costs would outweigh profit and why would you want to help a network of a coin that's mostly held by companies like MicroStrategy? Clearly Bitcoin has failed as digital cash.
Everytime Bitcoin halves the price expodes and the last halving happened and the price hasn't made new highs and we're almost out of what people thought was going to be the bullmarket (until sept).
I'm aware of HBAR.
I think the the green road might be the hidden road because it's being hidden.
Road might be leading to peace in the next riddle.
Only Bitcoin maxis care about that kind of stuff.
Yeah 80% was given to Ripple and they've been selling it and giving to banks so they could play with it.
Part of why they got "sued"
Buying in 8 years ago is late to the party? How so?
How is XRP not decentralized?
I suggest 1020 XRP. However when I was suggesting it XRP was 30 cents.
Basically anything you want to have as your bag, buy 20 over it. Having 20 over your bag ensures you will have your full bag. You need like 9 XRP to hold an account and there's transfer fees and so that 20 XRP covers those things.
So if your bag is 100 XRP, buy 20 more.
I think we're going to see XRP go between $7 - $42 dollars in the next few months. After that the sky's the limit, apparently it was build to handle $10,000 per XRP.
Overall I would suggest buying Flare (FLR) because you can delegate in a Bifrost wallet and earn yield.
Flare is also like 2 cents right now so you'll get more bang for your buck.
Here's my whole Flare rant, there's more of a bonus to holding Flare right now.
It'll be both but I think one day the NSA will leak the key to SHA-256 to kill Bitcoin.
Aw man.
Go download Bifrost on your phone and setup a back up seed and put it in a safe place like with any other wallet you work with.
Then send your Flare to the Bifrost wallet and follow the instructions in this video:
https://youtu.be/BPwoX37JxSM?t=171
When you delegate your Flare you get 0.02% of whatever your holding every 3.5 days.
Since we're in the Flare distribution window, from now until January every month you'll get 2.5% of whatever you're delegating on top of the 0,.02% you get every 3.5 days.
This monthly bonus has been happpenng for a while now.
https://pbs.twimg.com/media/F0Lc3bsXgAEJ3XV.jpg:large
So better get at it so you don't miss out on anymore free money.
Same goes for your Songbird, you can delegate that for yield as well (but no monthly airdrop) I take my songbird yield and put it in to flare to stack the monthly bonuses.
Also, perfect you have 50,000. That's what you need to take part in Flare staking which apparently will give you better yield over delegating.
Just remember to check Bifrost every 3.5 days to get your yield. After 30-90 days it goes back to the network.You can also set it to autoclaim but it costs Flare and Songbird.
https://flare.network/flaredrops
I suggest you get on this. You're going to be able to stake your XRP with Flare and every action with Flare like wrapping, staking, minting costs Flare and Songbird. So you'll want a good nest egg to make you passive income as well as allow to take part in F-assets.
Let me know if you have any issues.
And Ripple is even older than that!
Also weird all these ships land and sea are crashing.
Yeah man. That's one thing I learned through this whole thing. People are either scared or lazy. I know so many people who could have got in. It's been sub $3 for years and they wanted to buy a house and this could have been the boost they needed but no.
Never getting over $3.75 in 12 years isn't really doing much compared to some crypto.
You're both right.
I've been holding for 8 years now. They don't want people in. This one and XLM to cover your ass. They're the two cryptos considered to be stablecoins in the eyes of American law.
Years ago Ripple/XRP was started (in part by a guy who was an NSA contract worker who is thought to be part of the team that made Bitcoin)
On Reddit and Twitter there were riddles about XRP and it's future as an American reserve currency.
Was one of them this was their first image/riddle:
https://pbs.twimg.com/media/FkGMW2tUcAAAbI_?format=jpg
As the years went on more and more riddles came out that hinted at future goings on.
There's loads of videos about BearableGuy on YouTube, start here:
https://www.youtube.com/@WorkingMoneyChannel/search?query=bearableguy
One of the most compelling hints to XRP being big was in the movie Sneakers. If you go to the part where they use the code cracker on The Federal Reserve and freeze the screen:
https://pbs.twimg.com/media/FhIrGYdXkAEP7OC?format=jpg
You'll see on the line for international access the code is XRP-262.
and In Living Color knew that:
and please tell me you're been delegating with Bifrost or something.
The ship is it's own riddle.
https://www.youtube.com/watch?v=9TfdyWeQzfs
But the fact that an school kind of ship hit a bridge and made the news right as all this XRP being mentioned by Trump and XRP ETFs being approved soon and the stablecoin law being passed. Just seems like they're signs.Especially when you start digging in to the riddlers.
They're looking at the 6 month view which is just right when it went from 30 cents to $3.40ish. If they expanded out just a bit they'd see the grown and even then we have to blast through $3.30 again to see all time highs.
Depends what the Fed says today.