07 Sep 2023 12:52:36
Hi Supasub,
Where do you think BCH fits into the new financial system?

1.) 07 Sep 2023
07 Sep 2023 13:46:49
I'm not entirely sure as I wouldn't call myself an expert but BCH (set at 21 million like BTC) costs something like less than 1 pence to send in a transaction but can still take anything like 20-30 minutes +, the cost of the transaction makes it attractive against BTC but it's still slow but I'm guessing it has it's place, I won't be getting any though.

BTC we know is expensive and slow. Can take up to around 40 minutes +, can cost around $50-$60+ to do a transaction (cheaper to just still do a BACS payment today so doesn't make sense) .

Neither have the utility to be dominant but retail and celebs still like BTC.
I'm guessing the Ripplehub is Ripples way of facilitating best price for banks/financial institutions of getting the best transaction price and speed for BTC, ETH, LTC and BCH in an instant.

I suspect more can be added. XRP isn't there but it will be once the case has ended. XRP will be like water/liquid gold that runs through everything.
XLM will be like silver but I think more for person to person payments and so on for some of the others listed ISO20022 approved and Quantum network linked coins/tokens.

XRP's cost and speed and it's groundwork in the last 6 years or so makes it imo the Daddy however much TPTB seem to be trying to push ETH which still has very high cost issues.

And yes, forgot to mention that Ed is absolutely bang on the money. XRP steps/spikes and pulls back then goes again. This last year or so it's spiking every 2 months so we are near the beginning of the next spike. You can skim so much off the top like Ed says and either withdraw your trade keeping a substantial bag or just hold in a stable $1 dollar token as the price goes down and buy back even if you need to wait days, weeks or a couple of months.
You will never be able to sell at the true top and buy at the true bottom though without some luck or a Bot.

Or like I do if your able to just Hold/Hodl. I've tried trading and I nearly always mess it up as I get fomo and get a little too emotional.

{Ed033's Note - Thanks supasub.

Would that make holding some ETH a hedge bet for you regarding crypto?

2.) 07 Sep 2023
07 Sep 2023 15:39:16
There is plenty I would hold ed lol. I had about 5 ETH that I traded in for QNT a few months ago at about $2k each. I then traded in my QNT for XRP.
I'm probably around 75% XRP, 5% XDC and 20% other stuff. I will only go into ETH and BTC again when XRP goes parabolic.
I like the idea of holding ETH but it is expensive to do anything with.
ETH has gone from POW to POS some time ago which means it can't be mined anymore.

What happens if the SEC change their tune and take it through the whole security status route? To do it now would be much worse timing than when they did it to Ripple as there seems to be more and more attention on ETH's "free pass" from Hinman and the SEC with congress also looking more into it. ETH price would tank overnight.

Vitalik is a shrewd character though, served an internship at Ripple and I think tried to be part of Ripple, he doesn't look human to me lol.
What we need to watch out for is if Vitalik manages to get rid of the very high gas fees, an ETH stablecoin and awareness of ETH integration with a large amount of financial institutions/banks globally as there only seems to be rumours in America.

There is nothing I can see by ETH or anyone else for that matter that even comes close to XRP/Ripple. XLM/Stellar and XDC are the only other ones making good partnerships but on a smaller level but then I can't see what I can't see.

3.) 07 Sep 2023
07 Sep 2023 15:46:10
Oh add HBAR / Hedera Hashgraph. Keep a close eye on this too as they seem to have a clear path with some very big backers.

{Ed033's Note - Ok, thanks a lot Supasub.

4.) 07 Sep 2023
07 Sep 2023 17:53:47
Don't know if I've posted this before, but just so people here know what I'm talking about. Link to the list for the Quantum Financial System on Coinmarketcap. A few of which are ISO20022 approved, including some mentioned in these threads.

Top QFS cryptos

{Ed033's Note - Thanks Supasub.