There are too many folks who don't understand how Congress or lawmaking works who are speaking on this subject NONSTOP. Folks. Respectfully...do your followers a favor and be quiet. The Clarity Act will get passed when it gets passed.
There are folks asking me to do YT lives on the Clarity Act. Well...I've already done that. I told you all what I thought regarding the escrow and who's TRULY behind legislation...yeah...the same banks who are so desperately URGING Congress to pass it...yeah...those guys.
I've told everyone how I think we get there already regarding assets with high MCs and high supplies regarding institutional hoarding...respectfully I'm tired man...I've been saying the same thing for years now...what more do folks want from me at this point?
And if you think I'm wrong that's fine...time and price action will prove me right again. Until crypto is out of the hands of fintechs to where they hold a limited amount of a chain's supply, price won't go to double digits or more. And that's me being nice.
$1,000 ripple:native is a $100 trillion asset. Is there a thesis to this or just influencer garbage?
Payment volume doesn't get you there. A coin that settles in seconds gets reused all day
Only one thing in finance makes institutions hold an asset they can't spend. ๐งต
I've been screaming this from the rooftops for a while that the banks are behind the legislation....and I've always mentioned 2 banks in particular. Which two were those again??? Just saying...
Totally random thought...its so strange how Argentina and Israel are "allied" yet....after WW2 Argentina opened its doors for Nazis seeking refuge/escape from Germany Post Hitler era.
@JoelKatz, I've heard you say multiple times that banks are painfully slow to adopt crypto and embrace change. I absolutely agree with you there. But here's my question to you (which you may not answer)...what are your thoughts on Gary Gensler and his remarks regarding...
correspondent institutions, wouldn't they be the ones hindering Ripple's desired market share capture due to them viewing Ripple as a monopoly regarding XRP? If this is true, then this means that they don't want to be fully circumvented and they're trying to stop Ripple from...
holding a monopoly over said technology that Gary Gensler stated they would want to be involved in. It's not just "oh the banks are slow"....they're calculated and won't inflow massive amounts of capital into it until they can control more collectively than Ripple does it seems.
For folks still questioning the lack of significant price action regarding XRP, please watch this video, take notes and really take in what he's saying here.
The white woman the most dangerous human being for Black people. I have always feared white women more than any other group.. the white women will cry and get you kill. White women will lie and get you sent to prison. she murdered her own child and blame an innocent black man.
The biggest lie we ever believed as Americans was that the banks needed legislation to invest in/use crypto. Our politicians are actually an extension of correspondent entities. The banks are already in control of law. They will use Congress to help seize control. Space incoming
I'm sorry...I'm going to say it. Both Chud the Builder and Karmelo Anthony are beta cucks. I'm not shooting someone over a shove, pack out or fistfight. I'm going to square up and give you EXACTLY what you're asking for. Men need to learn how to actually fight nowadays.
David Schwartz didn't see the future value in ETH and sold it long before it hit 1,000s. And he's arguably one of the Godfathers behind blockchain tech lol....if you expect the institutions to be more bullish than him in the short term, you're going to have to have some patience.
Once you hit about a 20-point IQ gap, communication starts to completely break down.
It's not that the lower IQ person is "stupid" (although that can often be the case) or the higher one is arrogant, it's that you're literally operating on different systems.
A 20 point difference (roughly 1.3 standard deviations) means:
Vocabulary and abstraction levels diverge sharply. What feels like crystal clear logic to one side sounds like vague, pretentious word salad to the other. Jokes land flat. Metaphors get taken literally. Complex cause and effect chains get simplified into "this good, that bad."
Different time horizons and pattern recognition. One person thinks in months or years and sees systems, the other is locked into days or immediate rewards. Trying to explain second order effects feels like speaking another language.
Also, processing speed and working memory gaps. The higher IQ person is already three steps ahead, getting impatient. The lower IQ person feels talked down to or overwhelmed.
Both walk away frustrated.
Both have wasted each others time.
@Vet_X0 "...I don't think they particularly want to use technologies owned and controlled by their largest and most powerful competitors."
@TeesCryptoSpot I recall a certain somebody saying something like this REPEATEDLY for years.