Doq Holliday
@doqholliday
24 May, 11:52
I still don’t think people truly understand what is happening to banks.
I keep seeing headlines like “The Bank of _____ is now offering crypto services”.
I laugh.
Once a bank turns someone’s FIAT money into crypto, the bank will never get it back.
You can then send your crypto to a yield farming service and get 9%-19% APY on your funds.
Imagine keeping your money in a bank after learning this.
The banks are allowing this big shiny trojan horse into their systems, not truly understanding the freedom it will bring to humanity.
Crypto is a golden off-ramp to get your money out of [their] system.
I keep seeing headlines like “The Bank of _____ is now offering crypto services”.
I laugh.
Once a bank turns someone’s FIAT money into crypto, the bank will never get it back.
You can then send your crypto to a yield farming service and get 9%-19% APY on your funds.
Imagine keeping your money in a bank after learning this.
The banks are allowing this big shiny trojan horse into their systems, not truly understanding the freedom it will bring to humanity.
Crypto is a golden off-ramp to get your money out of [their] system.
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24 May, 12:49
In response Doq Holliday to his Publication
The word Crypto freaks people out. I believe you are talking about a stablecoin like USDC That is 1 to 1 to the US dollar. Safe from the crypto markets.
I know you know this stuff but figured I would expand it a bit so everyone can understand.
Current 'Banks' will become 'Farms' as they wont have a choice but to adapt to DeFi. Many will just fail.
If you keep $1000 (USD) in a Banks savings account they will pay you $5 a year
If you keep $1000 (USDC) in a Farm it will earn you $90 a year.
If you try to take $10k in cash you have to declare @ airports.
No restrictions with a digital ledger. You can take your money with you everywhere. You have FULL ownership of your funds. The crypto market is full of scammers for that reason. Everyone trying to get your money.
Most coins are going to fail. Utility is king in the blockchain space. Only the useful will survive.
XRP is setting up nicely 2 b the onramp for Bank's Fiat. Lawsuit taking longer but gives opportunity.
#
I know you know this stuff but figured I would expand it a bit so everyone can understand.
Current 'Banks' will become 'Farms' as they wont have a choice but to adapt to DeFi. Many will just fail.
If you keep $1000 (USD) in a Banks savings account they will pay you $5 a year
If you keep $1000 (USDC) in a Farm it will earn you $90 a year.
If you try to take $10k in cash you have to declare @ airports.
No restrictions with a digital ledger. You can take your money with you everywhere. You have FULL ownership of your funds. The crypto market is full of scammers for that reason. Everyone trying to get your money.
Most coins are going to fail. Utility is king in the blockchain space. Only the useful will survive.
XRP is setting up nicely 2 b the onramp for Bank's Fiat. Lawsuit taking longer but gives opportunity.
#
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The Qake Lady
@QakeLady
24 May, 04:27
In response Vincent Kennedy⍟ to his Publication
VK, Farms? or Redemption Centers? I've not heard "farm" at all..
My understanding is we will be making a Redemption Center appt (we will be allowed 2 up front)
First one is to bring proof all of your owned assets (ie Cash, Current Bank acct statement, House Deed, 401K, include your Silver/Gold/Metals etc) for your personal RV, we must sign the NDA of the RV amount being returned in increments and depending on your age and retirement status for RV amount.
You will bring 3 forms of your Identify ie, DL, Passport, SS card, AND 3 address verification ie, Utility bill, house deed, lease papers, auto reg/insurance etc.
Second visit is to confirm everything and update any info missing at first appt. Create your QFS ID for ISO20022 $$ Wallet and voter ID
All will be similar to our current ATM cards but will only be with Banks (Wells Fargo, NFCU and most small local CU) are the only ones I know of that signed the ISO20022 Agreement.
Chase, Citibank others did NOT agree to sign. Am I cl
My understanding is we will be making a Redemption Center appt (we will be allowed 2 up front)
First one is to bring proof all of your owned assets (ie Cash, Current Bank acct statement, House Deed, 401K, include your Silver/Gold/Metals etc) for your personal RV, we must sign the NDA of the RV amount being returned in increments and depending on your age and retirement status for RV amount.
You will bring 3 forms of your Identify ie, DL, Passport, SS card, AND 3 address verification ie, Utility bill, house deed, lease papers, auto reg/insurance etc.
Second visit is to confirm everything and update any info missing at first appt. Create your QFS ID for ISO20022 $$ Wallet and voter ID
All will be similar to our current ATM cards but will only be with Banks (Wells Fargo, NFCU and most small local CU) are the only ones I know of that signed the ISO20022 Agreement.
Chase, Citibank others did NOT agree to sign. Am I cl
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Tao Of Smoo
@TaoOfSmoo
25 May, 09:07
In response The Qake Lady to her Publication
Totally different events and processes. Decouple the RV from the crypto/digital currency events. Happening roughly at same time, but are different.
The RV is about currency (and Zim bonds for humanitarian projects). That will be at an exchange bank or redemption center (if you have Zim).
XRP will be/is the banks main trading token for the big (billion/trillion) funds transfers. THAT’s why it’ll go to the moon.
Currently, there’s an interesting convo on keeping your XRP on Uphold - I’d say, buy on there, and move immediately to a wallet (e.g., Ledger Nano S or X...or, Lobstr (via the correct XRP (fchain.io) w/green icon)). QSI has a great Telegram site and Youtube channel to learn all about it!
After Protocol 19 (June) and Proocol 20 (September) come out, it’ll get a lot better, cleaner, safer. Wild West days at present, but that is where the growth opptys are. Just don’t spend $$ you can’t afford to lose, as usual!
The RV is about currency (and Zim bonds for humanitarian projects). That will be at an exchange bank or redemption center (if you have Zim).
XRP will be/is the banks main trading token for the big (billion/trillion) funds transfers. THAT’s why it’ll go to the moon.
Currently, there’s an interesting convo on keeping your XRP on Uphold - I’d say, buy on there, and move immediately to a wallet (e.g., Ledger Nano S or X...or, Lobstr (via the correct XRP (fchain.io) w/green icon)). QSI has a great Telegram site and Youtube channel to learn all about it!
After Protocol 19 (June) and Proocol 20 (September) come out, it’ll get a lot better, cleaner, safer. Wild West days at present, but that is where the growth opptys are. Just don’t spend $$ you can’t afford to lose, as usual!
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They are different yes, but I was referring to the Personal Financial appt..I know we will be making appointments to meet with a Rep at the redemption centers eventually. We will have to in order to get your assets (so to speak)and match with what the Rep has on file. They will have all of your information already (from the first paycheck you got with Taxes paid, to the interest on any CC, Car/Home Loan, most of all your total paid to SS, as well as any other DS fees/tax/interest you paid), you just need to show proof you ARE you. There are two different scenarios which you can schedule either and/or for your personal verification and humanitarian idea.
1) Personal assessment and agreement of results - RV QFS ID
2) Humanitarian Proposal Project submit - Await approval
I will be doing both. I have done about 30 hours research on the QFS and RV, but very little on the XRP and Ledger/Uphold/Nano/Wallet we will need, that link you sent is great..I'll study Thanks a million (Pun intended
1) Personal assessment and agreement of results - RV QFS ID
2) Humanitarian Proposal Project submit - Await approval
I will be doing both. I have done about 30 hours research on the QFS and RV, but very little on the XRP and Ledger/Uphold/Nano/Wallet we will need, that link you sent is great..I'll study Thanks a million (Pun intended
10:16 AM - May 25, 2022
In response Tao Of Smoo to her Publication
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