Haircut or not. With a 20% drop in price, he would still have 100% of the xrp he bought. The price is a distraction. The value is in the protocol. And if he didnt sell, he has lost nothing? And still would be positioned to get the lost percentage back. Plus orders of magnitude? And those who are distracted by price, can just wait for their bric. And look forward to being priced out.

"Sex Workers F**ked By Crypto"

"Sex workers" - aka: prostitutes, OF service providers etc. (I've never even viewed the OF website(s) - chased off of "traditional" e-commerce platforms such as PayPal and Venmo turned to digital currency platforms to collect funds.

Not so much anymore. For the same reasons the banks used to refuse service - ostensibly to reduce the risk of being involved in sex trafficking or other related crime - crypto brokerage platforms are curtailing access to digital currency:

"as sex workers are finding it increasingly difficult to convert crypto into dollars. Typically, this is done via an exchange, which then allows one to withdraw to a traditional bank account. Sex workers are now being banned from crypto exchanges.

"You get on an exchange for as long as you can, until they shut your ass down," said Knox. "You quickly [run out of exchanges], so you sit on a lot of useless money. The whole ‘crypto is permissionless and censorship-resistant’ thing is a bunch of bullshit."

Indeed. This is a caution I've entertained from the onset. Exactly how free is a digital currency which relies on an internet to which access is controlled by others?

https://www.zerohedge.com/markets/i-jus ... paign=1778

https://bitcoinmagazine.com/culture/cbd ... orld-order
CENTRAL BANK DIGITAL CURRENCIES AND THE ORWELLIAN NEW WORLD ORDER
The proposed authoritarian evolution of centrally issued digital currencies takes the world closer to dystopia.

Survival Lilly reports on the state of digital ID, social scores and use of cash in Europe.



Also: last check XRP hovers around $.62

Once they have total control over your money, they have total control over your entire life.
Look where communication has gone, every form of communication is recorded and all of your televisions, cell phones and computers can be used to listen in and look and see what's going on.
Watch the movie "SNOWDEN"
They are all part of ONE WORLD GOVERNMENT.

Elite backed currency payment systems are vying for supremacy as the push for CBDC's intensifies.

"With nation states fearing that falling behind in digital currencies could compromise their competitiveness or sovereignty, the CBDC race feeds itself, thus bypassing critical public discussions around CBDCs’ potential societal harms."


Big players in this game? Ripple (also known by its 'currency' units XRP; a board favorite!) Stellar and Ethereum.

"Naturally, as interest in CBDCs proliferates, so have CBDC pilots involving both the public and private sectors. In the process, a myriad of elite-gilded and blockchain-powered digital payment networks and organizations, including Stellar, Ethereum, Ripple and/or the people and forces behind them, are vying for their technologies and payment systems to be incorporated into the developing digital currency infrastructures of tomorrow."

And while the barkers shout the claims of altruistic inclusivity and financial freedom:

"...these organizations’ collective facade of inclusivity and altruism obfuscates their true nature as elite-backed or otherwise compromised groups helping centralize, digitize, and even possibly program or otherwise weaponize money in ways unaccountable to traditional policymaking processes and the public, thus bringing them immense power while helping facilitate what could functionally amount to a financial digital control grid."

"...Stellar, like other altruistic-branded financial organizations in the crypto space, is getting involved in other projects that suggest “financial inclusion,” as most would understand it, isn’t their biggest priority. "

https://unlimitedhangout.com/2023/12/in ... ed-hangout

I don't remember seeing the question here, so I'll ask it.
Because 99% of us use our debit cards to make purchases or pay for services, doesn't that mean we've already been converted to digital without even realizing it?

It's just a step. The transactions and debt are still pinned to a national fiat currency.
The article above talks about the consolidation of fiat into digital form(s) and who will control that.

I pay my credit card with a paper check. Small purchases with cash.

Look! Squirrell!

Redefining currency.
Docket number 1670 on the Federal Reserve website. The "benefits of moving to a CBDC.

"The main attributes of a technically effective currency:
A unit of account is a common measure for the value of goods and services, the store of value is the way we store wealth in order to transfer purchasing power from the present to the future, and the medium of exchange function dictates which item is accepted for the payment of goods and services. In recent history, these functions have been fulfilled by fiat currencies backed by central banks across developed and developing nations. Through monetary policy manipulation, the key attraction of these currencies - price stability and widespread acceptance - is implemented through a central banking system, enjoying a great deal of trust globally.

But there is a fourth function of money: Social Control"

20 years ago..

'one world government'
'WW3'
'Digital currency'
'Social credit score'


all 'conspiracy theories'.... and yet, here we are..

The Nature of Money. "Credit Debt is Slavery"

"All the perplexities, confusions and distresses in America arise not from defects in the Constitution or confederation, not from want of honor or virtue, as much as from downright ignorance of the nature of coin, credit and circulation!” ~John Adams


https://ia902205.us.archive.org/12/item ... lavery.pdf

"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency.” John Maynard Keynes — Economist

Good to hear Trump say "there will be NO cbdc".....

Coin trader discusses getting his bank accounts closed for making large CASH deposits.

Previously he has been CHARGED money for making cash deposits.