Crypto BanterCrypto Banter Crypto Banter Hello !!
Well, first I thought it had to do with how Ripple owns about half of the coins but no.
Well, let's take it apart. A quick google search that I don't need tells me XRP has a total coin count of 100 billion coins, how can 99.897936 be 36%? Well, because it's the amount in the BNB chain...
I am confused as to what the article wants to talk about there.
It's not even about the ownership of Chris Larsen, former Ripple CEO or CTO David Schwartz or even their former co-founder Jed McCaleb (now empty by the way)
It's not about who owns 73% of XRP, on the BNB chain...
> The number rose despite the lawsuit brought against parent company Ripple by the Securities Commission (SEC) against XRP.
Wrong, Ripple is not a parent company since XRP existed before Ripple was founded.
Among all the coins, this clearly shows the holder of the BNB chain and 228577. Everyone who is not stupid knows that XRP is not a BNB coin, a quick look at the XRP rich list will show that there are more than 4 million wallets on XRPL.
> Moreover, the richest XRP address on Binance holds 99,879,936 XRP tokens,
It makes it sound like big and all that despite being 0.1% of the total supply and not even an oversight because in the end they say:
> Chris Larsen, the co-founder and former CEO of Ripple until November 2016, is reported to have owned more than 5.1 billion XRP. Elsewhere, Ripple's current CEO, Brad Garlinghouse, is also believed to own a significant stake in the asset.
Also if they want to make it look like XRP users are only 228,577 it means that John Deaton represents about a third of all XRP holders in his lawsuit that they mentioned in the article. Totally baffling.
Source :Sep 12, 2022 Crypto Banter Crypto Banter Crypto Banter Crypto Banter Crypto Banter Crypto Banter Crypto Banter Crypto Banter Crypto Banter Hello !!
Does Binance pay itself 'trading fee's'? That's a wash too. And, is all of that part of their balance sheet? IDK if it was just to pump the volume or what, I'm not on the inside but I do know what I used to see. Look, CEX's have all the data (book), I would bet my stack they all front run as well. Next to the SEC, CEX's are the perfect 'rig'. Programmatic, algorithmic, centralized. Myself, as a trader and programmer (Java, C, C# (NinjaTrader), Python, PineScript (TradingView)) I used to dream about what it would be like to work at places that built High Frequency Trading programs / algorithms. I'm telling you, it's TOO tempting and TOO easy for these CEX's to skew things in their favor. Look at all the Online Poker scams. If you're exchanging money online, some entity is in the middle scalping, period.
Source :Aug 26, 2022 Crypto Banter Crypto Banter Crypto Banter Crypto Banter Hello !!
Yeah but they do track cash and they also PRINT it. So you think you have a $20 and it will buy 10 gallons of fuel or x amount of food, but they dump trillions into the market buying bombs, and suddenly your $20 is worth half as much overnight.
Then they print more and hire goons to take some back from you so that the cash still is worth enough they can pay someone to build a bomb or hunt you down.
So the real issue is that goons still do things for cash, thinking it's private, when it is what is funding the tyranny killing you and your neighbors and families. Staying in that system means you depend on it, and when they roll out a CBDC you will be forced obto it via that dependence. That CBDC and ID can be used to track and control you, to tax you more for what you say or eat, to forbid you traveling by revoking credits for fuel etc. Don't be a goon.
The only viable solution is to exit the fiat denominated economy, and if you need privacy, don't use centralized services that need your ID, and transact with OpenDimes and force people that do business with you to buy or accept them as a cost of doing business.
Source :Aug 20, 2022 Crypto Banter Crypto Banter Crypto Banter Crypto Banter 
