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| 02:07 AM | ||
| Users Online Now: 1,514 (Who's On?) | Visitors Today: 186,502 | |
| Pageviews Today: 250,886 | Threads Today: 77 | Posts Today: 1,120 |
| 02:07 AM | ||
The XRP Investor Thread | |
| Anonymous Coward User ID: 84887019  United States01/15/2023 04:04 AM Report Abusive Post Report Copyright Violation | |
H41F-b-R33D
 User ID: 83946397  Australia01/15/2023 05:36 AM Report Abusive Post Report Copyright Violation | looks like Flare just used the XRP community for its size and now has gone back on its word. Quoting: Anonymous Coward 80533725 Flare promoted itself as decentralized community and their first move is to submit a proposal without any alternative. of course they hold the most tokens so they get the most votes. also, coinbase, binance us, bitstamp, etc hold a majority of the coins that were airdropped and can vote and wrap and delegate before they give out any. You can bet the exchanges will be voting for the proposal to pass because it takes money away from the XRP community and gives to the FTSO. the rich get richer. Just so its clear. The 15% is all your getting from FLR snapshot, The 85% is gone. If you want anything else you have to wrap and delegate and cant touch for 3 years. The original deal had it being airdropped every month regardless. Hugo speaks with a forked tongue. https://twitter.com/_/status/1614200775793840130 We can still vote "no". Also, your Flare isn't permanently locked up for 3 years. You can unwrap it and cash out. Yes, it is unfair to the xrp people that waited 2 years for the airdrop. But it doesn't suck for people like me who outright bought it. It seems like the people who are really really mad about it is the people who wanted to dump a whole lot of flare. The ones who planned on holding and using flare seem to not give a shit. Hugo does like to speak in Parseltongue. It would be funny if the spectacles he wears didn't even have lenses in them. On a serious note... I doubt the exchanges which are yet to distribute will be eligible to vote because Flare should be able to see the wallet address associated with an astronomical amount of votes relative to the supply. At the end of the day though tokens held on exchanges are the property of the exchange. Personally, I'm voting no but it's a win/win for me. Either way you still need to wait 36 months to receive from the AD pool. I ended up buying a bag of FLR to delegate now. On my "Crypto Quest" the only bag that is not at my target level is XRP. Currently doing some DCA and swapping rewards to achieve that whilst there is still time. Do have excess baggage in other projects though that I plan to swap/sell. Zero is the Hero. Last Edited by H41F-b-R33D on 01/15/2023 07:13 AM If life is so fair why do roses have thorns? |
| Anonymous Coward User ID: 84104502 United States01/15/2023 07:58 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79831996 United States01/15/2023 08:13 AM Report Abusive Post Report Copyright Violation | looks like Flare just used the XRP community for its size and now has gone back on its word. Quoting: Anonymous Coward 80533725 Flare promoted itself as decentralized community and their first move is to submit a proposal without any alternative. of course they hold the most tokens so they get the most votes. also, coinbase, binance us, bitstamp, etc hold a majority of the coins that were airdropped and can vote and wrap and delegate before they give out any. You can bet the exchanges will be voting for the proposal to pass because it takes money away from the XRP community and gives to the FTSO. the rich get richer. Just so its clear. The 15% is all your getting from FLR snapshot, The 85% is gone. If you want anything else you have to wrap and delegate and cant touch for 3 years. The original deal had it being airdropped every month regardless. Hugo speaks with a forked tongue. https://twitter.com/_/status/1614200775793840130 from Bob Way: From Bob Way: But now that 85% is spread over an entirely different group of people than the group receiving the initial 15%. By design, the eligible group includes people outside the initial airdrop. So the number of people increases, but the same amount of FLR is distributed among them. But this is not a zero sum game. The new people's wrapped FLR do NOT come exclusively from the pool of people receiving the 15% airdrop. Additional wrapped flare will be added to the pool through other disbursements. So numerator stays the same. Denominator increases. These additional participating WFLR come from: "Cross-Chain Incentive Pool: Structure the 20Bn FLR Incentive Pool..." rewards. "Weight inflation 70% to the FTSO, 20% to validators, 10% to the default State Connector set." rewards as well. We can still vote "no". Also, your Flare isn't permanently locked up for 3 years. You can unwrap it and cash out. Yes, it is unfair to the xrp people that waited 2 years for the airdrop. But it doesn't suck for people like me who outright bought it. It seems like the people who are really really mad about it is the people who wanted to dump a whole lot of flare. The ones who planned on holding and using flare seem to not give a shit. Ive noticed the only ones that want to vote Yes are the newbs that dont care about the contract Flare Team made with XRP people. The used the XRP community for exposure. Also, your talking point that people 'just wanted to dump flare' is bullshit. You obviously havent read the proposal, dont undertsand it, or just want what best for you while claiming its for the network like the echo chamber in Flare. The fact is, that the XRP people made this community. Flare was essentially 'buying' a community. They promised that only XRP people would receive the 'airdrops' over 3 years. Your claim that people just want to dump it falls flat on its face. Were you around for the Songbird network because Hugo lied about that too.... If you are too slow to understand iI can break it down for you more. All you are doing is pushing 'wrap' button. Some participation.. They are diluting the pool for the folks they said they wouldnt. They are cutting the pie into more slices and giving it away. They said if you do X we will do X. We did X and now they arent doing X. They lie again and again. The FTSOs will get the majority of the staking rewards and will vote for any future proposals made by the 'decentralized network'... its so decentralized that only Hugo can submit proposals. This vote is fucked. There are no choices other than a yes or no. You must love sucking the dick of your government because you love to be told what to do. |
| Anonymous Coward User ID: 83929863 United States01/15/2023 01:05 PM Report Abusive Post Report Copyright Violation | looks like Flare just used the XRP community for its size and now has gone back on its word. Quoting: Anonymous Coward 80533725 Flare promoted itself as decentralized community and their first move is to submit a proposal without any alternative. of course they hold the most tokens so they get the most votes. also, coinbase, binance us, bitstamp, etc hold a majority of the coins that were airdropped and can vote and wrap and delegate before they give out any. You can bet the exchanges will be voting for the proposal to pass because it takes money away from the XRP community and gives to the FTSO. the rich get richer. Just so its clear. The 15% is all your getting from FLR snapshot, The 85% is gone. If you want anything else you have to wrap and delegate and cant touch for 3 years. The original deal had it being airdropped every month regardless. Hugo speaks with a forked tongue. https://twitter.com/_/status/1614200775793840130 from Bob Way: From Bob Way: But now that 85% is spread over an entirely different group of people than the group receiving the initial 15%. By design, the eligible group includes people outside the initial airdrop. So the number of people increases, but the same amount of FLR is distributed among them. But this is not a zero sum game. The new people's wrapped FLR do NOT come exclusively from the pool of people receiving the 15% airdrop. Additional wrapped flare will be added to the pool through other disbursements. So numerator stays the same. Denominator increases. These additional participating WFLR come from: "Cross-Chain Incentive Pool: Structure the 20Bn FLR Incentive Pool..." rewards. "Weight inflation 70% to the FTSO, 20% to validators, 10% to the default State Connector set." rewards as well. We can still vote "no". Also, your Flare isn't permanently locked up for 3 years. You can unwrap it and cash out. Yes, it is unfair to the xrp people that waited 2 years for the airdrop. But it doesn't suck for people like me who outright bought it. It seems like the people who are really really mad about it is the people who wanted to dump a whole lot of flare. The ones who planned on holding and using flare seem to not give a shit. Ive noticed the only ones that want to vote Yes are the newbs that dont care about the contract Flare Team made with XRP people. The used the XRP community for exposure. Also, your talking point that people 'just wanted to dump flare' is bullshit. You obviously havent read the proposal, dont undertsand it, or just want what best for you while claiming its for the network like the echo chamber in Flare. The fact is, that the XRP people made this community. Flare was essentially 'buying' a community. They promised that only XRP people would receive the 'airdrops' over 3 years. Your claim that people just want to dump it falls flat on its face. Were you around for the Songbird network because Hugo lied about that too.... If you are too slow to understand iI can break it down for you more. All you are doing is pushing 'wrap' button. Some participation.. They are diluting the pool for the folks they said they wouldnt. They are cutting the pie into more slices and giving it away. They said if you do X we will do X. We did X and now they arent doing X. They lie again and again. The FTSOs will get the majority of the staking rewards and will vote for any future proposals made by the 'decentralized network'... its so decentralized that only Hugo can submit proposals. This vote is fucked. There are no choices other than a yes or no. You must love sucking the dick of your government because you love to be told what to do. What other choice besides yes or no do you want? |
| Anonymous Coward User ID: 84104502 United States01/15/2023 01:17 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80849665 United States01/15/2023 01:21 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 80533725 from Bob Way: From Bob Way: But now that 85% is spread over an entirely different group of people than the group receiving the initial 15%. By design, the eligible group includes people outside the initial airdrop. So the number of people increases, but the same amount of FLR is distributed among them. But this is not a zero sum game. The new people's wrapped FLR do NOT come exclusively from the pool of people receiving the 15% airdrop. Additional wrapped flare will be added to the pool through other disbursements. So numerator stays the same. Denominator increases. These additional participating WFLR come from: "Cross-Chain Incentive Pool: Structure the 20Bn FLR Incentive Pool..." rewards. "Weight inflation 70% to the FTSO, 20% to validators, 10% to the default State Connector set." rewards as well. We can still vote "no". Also, your Flare isn't permanently locked up for 3 years. You can unwrap it and cash out. Yes, it is unfair to the xrp people that waited 2 years for the airdrop. But it doesn't suck for people like me who outright bought it. It seems like the people who are really really mad about it is the people who wanted to dump a whole lot of flare. The ones who planned on holding and using flare seem to not give a shit. Ive noticed the only ones that want to vote Yes are the newbs that dont care about the contract Flare Team made with XRP people. The used the XRP community for exposure. Also, your talking point that people 'just wanted to dump flare' is bullshit. You obviously havent read the proposal, dont undertsand it, or just want what best for you while claiming its for the network like the echo chamber in Flare. The fact is, that the XRP people made this community. Flare was essentially 'buying' a community. They promised that only XRP people would receive the 'airdrops' over 3 years. Your claim that people just want to dump it falls flat on its face. Were you around for the Songbird network because Hugo lied about that too.... If you are too slow to understand iI can break it down for you more. All you are doing is pushing 'wrap' button. Some participation.. They are diluting the pool for the folks they said they wouldnt. They are cutting the pie into more slices and giving it away. They said if you do X we will do X. We did X and now they arent doing X. They lie again and again. The FTSOs will get the majority of the staking rewards and will vote for any future proposals made by the 'decentralized network'... its so decentralized that only Hugo can submit proposals. This vote is fucked. There are no choices other than a yes or no. You must love sucking the dick of your government because you love to be told what to do. What other choice besides yes or no do you want? The best thing they could they do is just add a vote to drop it all now and be done with it.As i see it, In 3 years there is gonna be a big sell off which is what they are trying to avoid now. Just drop it all now and let those who want to just sell it. Its juts gonna be inflation. Especially when the FTSO is dumping every month. |
| Anonymous Coward User ID: 80073096 United States01/15/2023 02:09 PM Report Abusive Post Report Copyright Violation | At the end of the day though tokens held on exchanges are the property of the exchange. Quoting: H41F-b-R33D I think this concept should be modified to at least equivocate a bank's legal authority. Just as the money in a bank is still mine, it can be penalized, frozen, increased, transferred by the institution holding it... The more immediate interest [of mine] is being able to have a joint crypto account (JT/WROS). |
| H41F-b-R33D
User ID: 80383573  Canada01/15/2023 06:31 PM Report Abusive Post Report Copyright Violation | At the end of the day though tokens held on exchanges are the property of the exchange. Quoting: H41F-b-R33D I think this concept should be modified to at least equivocate a bank's legal authority. Just as the money in a bank is still mine, it can be penalized, frozen, increased, transferred by the institution holding it... The more immediate interest [of mine] is being able to have a joint crypto account (JT/WROS). I converted your parseltongue into simpletongue. Why do you want to have a joint account? You can always get 2 ledgers and load the same key. If life is so fair why do roses have thorns? |
| Anonymous Coward User ID: 80073096 United States01/15/2023 08:47 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 84883817 United States01/16/2023 02:18 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 84803440 United States01/16/2023 02:37 AM Report Abusive Post Report Copyright Violation | |
| WhoSencha
User ID: 79585113 United States01/16/2023 03:03 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79831996 United States01/16/2023 06:00 AM Report Abusive Post Report Copyright Violation | |
| BLACK GHOST
User ID: 80076858 United States01/16/2023 08:17 AM Report Abusive Post Report Copyright Violation | As one of the XRP holders who got snapshotted and airdropped by Flare, I have to say that IDGAF what happens. Free money was given to me, for simply holding my favorite coin. I'll take the free money, wrap it and earn rewards. I understand they 'lied', and that's something to complain about. But complaining about only getting SOME of the FREE money you were promised is immature and ungrateful, and that seems to be the biggest sentiment on youtube/twitter. Hugo made a rookie mistake by making big promises, but I'd rather the network succeed and lots of people get sorta wealthy than be greedy and hope to hog it all to myself, only for the network to never take off and amount to anything. This sorta feels like a test. Is success only at the expense of others, or can we all succeed together? "We demolish arguments and every pretension that sets itself up against the knowledge of God, and we take captive every thought to make it obedient to Christ." |
| Anonymous Coward User ID: 80769227 United States01/16/2023 11:20 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80769227 United States01/16/2023 11:20 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80073096 United States01/16/2023 11:26 AM Report Abusive Post Report Copyright Violation | |
| infiltrator
User ID: 78276486 United States01/16/2023 12:21 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80769227 United States01/16/2023 12:52 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77705098 Canada01/16/2023 04:33 PM Report Abusive Post Report Copyright Violation | World Bank l o v e s XRP, XLM Also mentioned by IMF, WEF https://twitter.com/_/status/1615044089342496768 |
| Anonymous Coward User ID: 80897209 United States01/16/2023 05:06 PM Report Abusive Post Report Copyright Violation | More Flare drama... FTSOs are setting their fees @ 20% like they all in on it... So much for getting that 85%.... https://twitter.com/_/status/1615065256169979906 https://twitter.com/_/status/1615101352711004180 |
| Anonymous Coward User ID: 80897209 United States01/16/2023 05:48 PM Report Abusive Post Report Copyright Violation | Here is the Flare FTSO Monitor if anyone is interested: [link to flare-ftso-monitor.flare.network (secure)] |
| Anonymous Coward User ID: 77705098 Canada01/16/2023 06:19 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79831996 United States01/16/2023 08:21 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79831996 United States01/16/2023 08:59 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80073096 United States01/17/2023 08:49 AM Report Abusive Post Report Copyright Violation | |
| Abe Fuckin Froman User ID: 81478716 United States01/17/2023 09:57 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80073096 United States01/17/2023 01:25 PM Report Abusive Post Report Copyright Violation | |
| Abe Fuckin Froman User ID: 72688186 United States01/17/2023 03:03 PM Report Abusive Post Report Copyright Violation | Just wondering. Did anyone else participate in the Coingecko/ACS airdrop? Quoting: Abe Fuckin Froman 81478716 Not I. To each his own. I had nothing else to do with my free candies. I had been collecting candies for like 2 years. I was able to get the maximum. I have no clue about the outcome. It was free. Lol. |
