I'm glad I sold all mine for much more than that when Bitcoin was much cheaper than now. XRP has dropped so much. The XRP bagholders must be so desperate to dump them, they try to pump them on the Bitcoin forum.

Last post on ripple and it's relationship with banks:

"No problem can be solved from the same level of consciousness that created it."

Good night bitcoiners. The future is ours.

so... you agree that there is a plan for that all holder of xrp  be required to submit a licence  

... along with fingerprint, iris scan and DNA sample.

looks very bearish.

It's called a "descending wedge" and I've seen them many times. They almost always break lower.

bitcoin will go nowhere without banks.

...

So basically the same as Bitcoin.
I have no clue how Ripple works. Do they also have traders who are trying the destroy it?

...

Not particularly relevant, but a few years ago the Campinas police seized 130 kg of cocaine, the largest loot ever in the city.  They didn't have a lare enough safe, so they put it in an empty room in the Coroner's Office.  Unlocked. Unguarded.  Need I say that by the next day it was gone? And that, to this day, the police has no clue as to what happened?

Ideas & Trends; Help Wanted Invoking the Not-Too-High-IQ Test
By MIKE ALLEN
Published: September 19, 1999

WANTED: a few not-so-bright cops.

That is the official hiring policy in this former whaling village, where Police Department officials refused to grant Robert J. Jordan a job interview because they considered him to be too smart, then waged a three-year court fight to protect their right to favor mediocre applicants.

And won.

The City of New London contends that applicants who score too high on a pre-employment test are likely to become bored in patrol jobs, and leave the force soon after the city has paid to train them. Similar cutoffs, it turns out, are frequently used by employers when they are looking for workers who must follow rigid procedures, including bank tellers, customer service representatives and security guards.
In 1996 Mr. Jordan scored 33 out of 50 on the exam, which is used by 40,000 employers across the country, including National Football League teams for potential draft choices. That was 6 points too high to qualify for an interview with the New London police.

When Mr. Jordan heard about other people being hired even though he hadn't been called, he went to the Police Department to protest that he felt sure he must have passed. He says he was curtly informed that he did not ''fit the profile,'' which litigation revealed was a score of 20 to 27.

''Bob Jordan is exactly the type of guy we would want to screen out,'' said William C. Gavitt, the deputy police chief, who interviews candidates. ''Police work is kind of mundane. We don't deal in gunfights every night. There's a personality that can take that.''

This month, a Federal judge in New Haven has ruled that the practice was constitutional since the city treats all smart would-be officers the same, and thus did not discriminate against Mr. Jordan. ''Plaintiff may have been disqualified unwisely but he was not denied equal protection,'' Judge Peter C. Dorsey of the United States District Court wrote.

Mr. Jordan, 48, is a life-insurance salesman who had dreamed of a second career protecting and serving, with an eye on the pension. He said he was astounded that he could be shut out on the basis of brain power, but not gender, sexual orientation or race.

''Being reasonably intelligent does not make you part of a protected class,'' he said, chuckling at his new command of legalese. For a certified wise man, Mr. Jordan is remarkably modest about his academic achievements, volunteering that it took him 26 years to get a bachelor's degree in literature from Charter Oak State College in New Britain, Conn. ''I'm eminently trainable,'' he said. ''I'm not up there with Mozart.''

At first the decision was greeted as a great punch line in New London, a city of 27,000. But as the news sunk in, many people said the rule was insulting to their police force, and nonsensical at a time when law-enforcement officers must deal with complicated social problems.

''Your average dunderhead is not the person you want to try to solve a fight between a man and his wife at 2 A.M.,'' said Nick Checker, 35, a local playwright. ''I'd rather have them hire the right man or woman for the job and keep replacing them than have the same moron for 20 years.'' Millie McLaughlin, 82, the lunch lady at Harbor Elementary School, worries that pupils will think that ''if they study too hard, they won't get a job.''

And Gilbert G. Gallegos, the national president of the Fraternal Order of Police, said that besides reinforcing keystone Kop stereotypes, the city's stance was self-defeating. ''The better the caliber of the police officer, the fewer problems you have in the community.''

Mr. Jordan had run afoul of turnover rates, which have been the subject of decades of study by management theorists. The publisher of the test, Wonderlic Inc. of Libertyville, Ill., has a section in its ''User's Manual'' warning clients about the cost of replacing workers who quit because they become dissatisfied with repetitive work. ''Simply hiring the highest scoring employee can be self-defeating,'' the manual says.

Wonderlic's president, Charles F. Wonderlic Jr., said variations of the 12-minute test used in New London have been given to 125 million people since his grandfather founded the company in 1937. Mr. Wonderlic said hundreds of employers have used his suggested maximum scores to exclude overly qualified applicants for positions where creativity could be a detriment. ''You can't decide not to read someone their Miranda rights because you felt it would be more efficient, or you thought they knew them already,'' Mr. Wonderlic said.

On the other hand, an expert witness for Mr. Jordan was paid $350 an hour for his conclusion that patrol work is ''cognitively complex and intellectually demanding.'' The expert, Frank J. Landy, a psychologist in Walnut Creek, Calif., pointed to the demands of such modern practices as community-oriented policing as an indication of ''the range and challenge of tasks performed by a typical patrol officer.''

MR. Jordan said he would appeal the ruling if his lawyers are willing to continue the case now that he has used up his savings. In the meantime, he is supplementing his insurance business by working for $26,000 a year -- $15,000 less than he would make as a New London patrolman -- as a state prison guard. ''In those dormitories, there's 110 inmates and one of you,'' he said. ''Your mouth better be connected to your brain.''

While those with badges and guns are called New York's finest, they will continue to be New London's fair to middling: New London officials say they plan to keep using the test to fend off smarty-pants.

Court OKs Barring High IQs for Cops
N E W   L O N D O N,  Conn., Sept. 8, 2000

A man whose bid to become a police officer was rejected after he scored too high on an intelligence test has lost an appeal in his federal lawsuit against the city.

The 2nd U.S. Circuit Court of Appeals in New York upheld a lower court’s decision that the city did not discriminate against Robert Jordan because the same standards were applied to everyone who took the test.

“This kind of puts an official face on discrimination in America against people of a certain class,” Jordan said today from his Waterford home. “I maintain you have no more control over your basic intelligence than your eye color or your gender or anything else.”

He said he does not plan to take any further legal action.

Jordan, a 49-year-old college graduate, took the exam in 1996 and scored 33 points, the equivalent of an IQ of 125. But New London police interviewed only candidates who scored 20 to 27, on the theory that those who scored too high could get bored with police work and leave soon after undergoing costly training.

Most Cops Just Above Normal The average score nationally for police officers is 21 to 22, the equivalent of an IQ of 104, or just a little above average.

Jordan alleged his rejection from the police force was discrimination. He sued the city, saying his civil rights were violated because he was denied equal protection under the law.

But the U.S. District Court found that New London had “shown a rational basis for the policy.” In a ruling dated Aug. 23, the 2nd Circuit agreed. The court said the policy might be unwise but was a rational way to reduce job turnover.

Jordan has worked as a prison guard since he took the test.

Why do you people keep quoting that idiot Stolfi? Why? Don't you still not get it. If you say white he says black, when you say right he says yes. He only does this because of his sick need for attention. The subject is irrelevant. He will always say the opposite just so you reply to him.
Stop doing it. Don't give that retard what he wants.

Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

please go to the Ripple forum.  

Need your opinions, gentlemen:
https://bitcointalk.org/index.php?topic=865080.0

People will slowly realize, we need to change our financial system...Bitcoin is freedom, Ripple isn't......Bitcoin + sidechains + counterparty + you get my point = Don't need anything else....

Anyway, this is off topic and as other said, you should create another thread about it

A commissioner at the Commodity Futures Trading Commission (CFTC) has asserted the agency has the authority to take enforcement actions against price manipulation in bitcoin markets.

Commissioner Mark Wetjen made the remarks at a bitcoin conference held at Bloomberg in New York on Monday.

When asked if the CFTC has the authority to become intervene in such an event, he said:

“It has not been tested, but I do believe we have the authority because bitcoin, by I think a very rational reading of our statute, classifies as a commodity and the definition of a commodity under the Commodity Exchange Act."

He added that this gives the regulating body the authority to bring enforcement on any type of manipulative activity, thereby broadening the reach of how a commodity can be defined.

Wetjen also recently spoke out in favour of flexible bitcoin regulation, saying digital currency has become important to the CFTC because bitcoin-accepting merchants have expressed the need to hedge exposures to fluctuations in its value.
...

If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

A team from RBS took top honors at the Deloitte Digital #GoneHacking capital markets hackathon on Friday with a trading platform that utilises the Ripple protocol to handle integration with crypto-currencies.
RBS built on top of its existing FXMicropay service, which offers wholesale foreign exchange capabilities and automatic real-time deal aggregation to businesses in order to price goods and services in their customers' local currency, effectively shifting the FX market risk to the bank.

The team at RBS used the open-sourced payments and remittance network from Ripple Labs to add various crypto-currencies onto the FXMicropay service - those included bitcoin, litecoin and Ripple Labs' own ripples (XRP).

The team included Richard Crook, head of technology governance, Ben Wyeth team/tech lead, Robin Morris functional/data architect, Mark Hornsby, distinguished engineer, Farzad Pezeshkpour, distinguished engineer, all at RBS.

Outside of the core functionality of the trading platform presented at the Deloitte Digital hackathon, the RBS team also explored the possibility of using the Ripple payments protocol and public ledger to replace the existing banking and Swift-based infrastructure.

Speaking of the win, the RBS team said they felt the emergence of crypto-currencies like bitcoin, and blockchain platforms like Ripple, would lead to huge disruption in the capital markets and they, as a bank, wanted to be ready for that change.

The judges were unanimous in choosing RBS as the eventual winner of the two day hackathon commenting that the product represented the highest level of disruption and most closely represented the capital markets nature of the challenge. Judges included Simon Tasker, capital markets partner at Deloitte, Tom Zschach, CIO at the CSL Group and Liz Lumley, of Finextra.

While there has been a huge increase in FinTech flavoured hackathons in recent years, Deloitte Digital's #GoneHacking event was unique in that it focused on the capital markets. An area of banking, that some many argue, hasn't seen a huge amount of digital disruption.

Other teams that were awarded with gongs at the hackathon include a group from Temenos, who built a platform that allows banks to crowdsource for liquidity, a team from Deloitte Ireland which built a wearable device that tracks the stress levels of traders on a dealing floor and Signal Noise, who showed a visualisation platform for investment information.