Finance, economics, crypto, tech, memes, NFTs. 🇪🇨
Joined January 2012
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Digitalqueso42🧀 retweeted
Not enough people listen to this.
On a transparent chain, you can't borrow against or trade an asset without everyone seeing it.
@HugoPhilion with @thinkingcrypto on what Flare Confidential Compute is built to change for institutions, with settlement attested back to Flare.
Full interview ↓
youtube.com/watch?v=FeJMZx4v…
Digitalqueso42🧀 retweeted
“We want @FlareNetworks to ultimately be the easiest layer in the world to be able to acquire information.”- @HugoPhilion
$flr $xrp
Digitalqueso42🧀 retweeted
The higher the price, the better. A higher price would tend to mean liquidity is more cost-effective and slippage is less.
Digitalqueso42🧀 retweeted
DID WAVE 2 FINALLY COMING TO AN END?! 👀🔥
ripple:native broke slightly below the macro .786 fib on Coinbase, reaching $1.075 and completing a beautiful 5-wave with BULLISH RSI DIVERGENCE!
THIS is what we've been waiting to see!!! Structure completing, fib levels reached, and RSI DIV to prove it.
Price is now back to test the fib. The BIG question is whether it can build enough momentum to FINALLY break that stubborn $1.65 resistance, or if we'll fail once again and reach for deeper supports. It should be very obvious once Wave 3 begins...
🔥New week, major world events, turmoil EVERYWHERE... THIS IS EXACTLY WHAT WAVE 2s ARE MADE OF! 😅
Remove emotion and stick to the major levels:
$1.10 | $1.00 | $0.90 (CB)
On the macro, I view ALL THREE as buying opportunities. Just remember, exchange prices can differ significantly! Binance major supports are $0.10 below Coinbase, so these levels may be reached differently depending on your exchange.
BIG WEEK AHEAD!!! Momentum could kick in at ANY TIME!
STAY PATIENT. STAY CALCULATED.🔥
#XRPCommunity #Crypto
Digitalqueso42🧀 retweeted
Flare is a unique L1.
Because of its data capabilities, it doesn't have to play the same game as every other L1 ( fighting to be the custodian of $).
Flare monetizes the transmission of data, state verification, and confidential compute between networks and institutions. FIP. 16 makes sure that activity is tied to the value of $FLR
Beautiful.
Digitalqueso42🧀 retweeted
I think people will get how revolutionary it is when it goes beyond just being able to deposit in a vault.
We have a very busy end of year.
Is so sad people really don't get how Revolutionary this is.
nitter.gq/FlareNetworks/status/2…
Digitalqueso42🧀 retweeted
It’s incorrect btw that FXRP can be used without needing FLR. Flare Smart Accounts just abstracted that away so the user doesn’t have to think about it. FLR is still required for every transaction.
On the FLR opportunity - usage matters - not just in TX fees but in wider fee generation.
You will see products and partnerships unroll that combine: privacy, portfolio optimisation, interoperability and trading (both spot and perps). All of which will be anchored around Flare’s core competency of data and confidential compute.
In addition to substantial expansion of FAssets, these products and partnerships will contribute to fee generation at scale.
Digitalqueso42🧀 retweeted
there has never been a better time to pull out this image
Digitalqueso42🧀 retweeted
This needs resurfacing. Data is everything.
Almost all future usecases of the blockchain (AI, Gaming, Identity, Real World Assets etc) will require some amount of external data attested onto chain. Decentralisation (without it there is no safety), scalability and low latency are key. Flare is the blockchain for data. #connecteverything
Digitalqueso42🧀 retweeted
in life you only need to win big once.
i’ve met so many people who’ve had just one massive hit and retired their entire bloodline.
that’s literally all it takes.
it doesn’t matter how many times you fail.
the downside is always limited.
but the upside is infinite.
Digitalqueso42🧀 retweeted
Data powers the infrastructure of finance.
We built the network of data.
Digitalqueso42🧀 retweeted
XRPFi is a product.
It is one of many products that are being built on Flare’s data.
The separation is:
Flare is the network for data.
Data powers the products.
As I’ve said before - everything is data.
Flare is the Connect Everything network.
Digitalqueso42🧀 retweeted
Bitcoin Price on Halloween 🎃
2010: $0.20
2011: $3.27
2012: $11
2013: $201
2014: $337
2015: $312
2016: $699
2017: $6,369
2018: $6,330
2019: $9,170
2020: $13,540
2021: $61,840
2022: $20,625
2023: $34,495
2024: $72,250
2025: $110,000
2026: $77,400
Digitalqueso42🧀 retweeted
One of those moments where events happen right on time.
Market pulls back for weeks and then surprise... biggest hack in history to finally back test the 50-week moving average break out.
Digitalqueso42🧀 retweeted
“The Total Addressable Market of this is in the hundreds of trillions.” $FLR
Flare has built out a really solid and useful technical stack. It’s not enough though. People need narrative to understand it.
The narrative is that we are building Flare to be the seamless platform for all digital asset business. From DeFi to institutional.
It doesn’t matter where the token is issued we are building for a future where Flare has the data, the verifiable compute, the privacy and the UI to enable any financial interaction.
The Total Addressable Market of this is in the hundreds of trillions.
We are starting with XRP and will add from there.
Digitalqueso42🧀 retweeted
Defi's oldest problem is not the yields, it's "what happens when it breaks."
The banks have deposit insurance but defi mostly has screenshots and hopium,
and @Firelightfi is trying to build that missing piece: actual onchain insurance for defi vaults.
live on mainnet since oct 6, and the proof are showing up already, $30.5M of cover sitting on kraken's defi earn USDC vault.
Here is how it works:
-an operator like kraken picks what to protect, pays a premium up front for a 30 day period, and gets a token recording exactly what's covered.
-the payout money comes from stakers who lock up FXRP as collateral, earning premium yield while nothing breaks. But if a hack happens, an incident gets opened, an independent security partner investigates, and 5 independent voters decide, 3 of 5 yes means it pays.
first-loss buffer first, then staked collateral gets used.
-depositors pay nothing extra on the kraken vault, the cover comes out of vault yield, with up to $100k protected per address.
my honest understanding: the model is genuinely clever, everybody in the chain gets something new , like the operators get a selling point, the stakers get real yield, and the depositors also get a safety net.
but the tradeoff is clear, coverage is per-market not blanket and the 5 person vote is a trust assumption not a math guarantee.
Even the collateral is a volatile token and there's not a single paid claim on the board yet.
the first real hack will be the actual test. watching this one closely…!!!
My question will be: who eats the loss when it goes wrong ?
And this is the question every institution asks before moving onchain.
You want to know the answer?