I'm reading the official documentation for those 2 and the more I read, the more these seem to be built for a governmental takeover of cryptocurrency.
These protocols are not decentralized by PoW or PoS, they rely on validators which can easily become banks/the government which already have the necessary infrastructure. They also make it very easy to implement KYC/AML for any asset issued by limiting authorization of owning/transfering assets on chain.
I'm balls deep in both XRP and XLM, but this is making me feel very uneasy. I don't want to support such a project or have the (((IRS))) steal my gains in the future, it's not why I got into crypto. I'm considering converting everything to BTC and Monero now. DYOR
Stellar and Ripple
Dominic Phillips
Colton Price
Alright
Mason Garcia
Good thing im investing then huh??
Charles Williams
U said: not decentralized and in the meantime nobody is using it, so worthless.
Joshua Hall
my measly stack isn't gonna do much to influence the great reset, fuck it. death and taxes, man.
Zachary Perez
Only social credits for obedience will remain.
Aaron Brooks
The government IS gonna regulate crypto. You think they’re just gonna let money laundering and child trafficking go unpunished because of a few thousand lolbertarians on the Internet who do not consent? Wake up dude! The rest of society doesn’t want decentralized crypto. XRP and XML are mooning because they are working with regulators.
Leo Bailey
So you faggots are just gonna roll over when they take away your crypto and march you back into the banking system? I bet you're the same people who rolled over when they took away your freedom of speech on social media.
Josiah Butler
You woke up! Good morning, OP.
Michael Richardson
They are gonna kill BTC. Probably Monero too. This is part of taking down the deep state, getting rid of their pedo coins.
EO 13818 blocking property of traitors via kyc/aml wallets...
Those criminals will be ostracized from society and locked out of the new world financial system.
We might as well be compliant with this regulation. I am sure when they flip that switch we will have so much money we won't even care about taxes.
Connor Kelly
I know I am supposed to woof at the girl in green but I am looking at the girl in white. Why is she so miserable?
Aaron Reed
Bullish
Bentley Lewis
these kind of projects made me weak in my knees when i got into crypto. now 8 years later, BADGER makes my body shake
Brody Butler
Shhhhhhhhhhhh
Grayson Ortiz
How can anyone fight this though?
Ethan Sanchez
Eth, btc, link are doomed aren't they once regulations roll out 2021 worldwide
Eli Harris
Wait but aren't the banks part of the whole deep state, globalist conspiracy? And aren't XRP and XLM banker coins?
Lucas Morris
>> the banks will take down the elite
Yes it doesn’t sound completely convincing, I’d have to agree
Tyler Butler
Good thing shiterium is decentralized, too bad it's 99% scams.
Dylan Hall
Yes
Its a product, BTC and Monero will take hits but it won't die, infact they may become more efficient to do what they are supposed to do which is act like a currency. We think in dollars because that is what we are used to, we don't need them anymore in the sense of token wealth utility nor are they truly controllable by any state(so far). Look what banning marijuana got us, more marijuana lol. If you have a moral obligation then please vote with your dollars if it makes you feel the better man. I am here to make a profit and then take it from this system. IRS is the least of my concern, you get used to the taxing system(holes).
Luis Nguyen
I recently watched a documentary on the federal reserve and its creation. Before the Fed, you had hundreds of currencies from all sorts of banks and such, somewhat like we now have all these different cryptos (except that they were localized back then). What they did with the creation of the FED was to take control over the entire currency supply by becoming the sole issuers. I kind of get the impression that this situation is similar and they're going to try to use the force of law to take control over crypto in the same way.
No idea if that's just fantasy though.
Noah Howard
Yeah, there are a lot of DS bankers that have done some horrible things. Money laundering and child trafficking stuff...
It's easier to launder USD. But this blockchain system will force the banking sector into an honesty matrix. Some of them tried resisting it at first but blockchain isn't going anywhere. It's either adapt or get left behind, so for personal survival they gotta get on board.
Also, Trump has created several EO's. Even naming Ripple in EO 13772 P194. In addition, EO 13818 blocks property of individuals involved in abuse or corruption. So these DS bankers will be locked out of the new world financial system. They won't even be able to buy a soda. And it's prison and firing squad, or whatever traitors get.
This is also going to eliminate the Federal Reserve (private corporation) from printing money and causing hyperinflation. It's a return to honest, sound money.
Brayden Cox
Carter Hill
Damn, I should have been following the xrp schizo threads. Do you have a link or screenshot to p.194?
Matthew Watson
Is XML involved in this somehow?
Jordan Diaz
Daniel Ward
Haven't read into the executive order yet so don't know what it actually does
Hunter Torres
Take money outside the system into real decentralized cryptocurrencies such as BTC or XMR
John Adams
I am kinda new to this forum. What I have done is paid attention to what POTUS was doing, what he was signing, etc... some of these things go back a couple years.
Easton Brown
Yes, XLM plays a huge role in the new world financial system.
Lumens are going to be the global currency. Not XRP.
Mason Perry
What do you think happens to these coins... since 75% of miners are directly downstream of the 3gd?
Parker Russell
God I hope so. I have so many of these things I've been hodling for 3 years now