I wonder, when the world is fully running on the #XRPL, certain entities will have control of off ramps or transaction points. If you don’t pay your taxes or have a warrant or whatever the causation for sanctions. They can’t control our addresses, but they’ll control the... 1/4
Points we interact with it among society.
Essentially this freezes your funds because it puts a barrier up around societal payments that you can’t penetrate.
Thus, logically, there will have to be black markets for off ramping or getting to another wallet or currency.
Do you guys think this would be a Bitcoin ATM style operation where it can hack through a sanction for a fee? Even Z protocols will have KYC and this could be sanctioned as well right?
The power to control the social construction of the future is likely a war being fought
Right now. Who will have the power to build the sanction barriers? Who controls what area digitally, not just physically? Are governments even top of the power food chain or are they just the physical puppets with the illusion of control? Is it the bankers? The wealth families?
Are these realms of control going to be based on social credit scores? Are they practicing by removing un-vacs from society in places more firmly under control?
The free world will be peer2peer transactions and bartering with small businesses and individual producers.
You have to assume sanctions would apply to any of the large chains or corporations. How much production of food and things are done outside of CCP or “system” control?
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At the suggestion of @FlareFinance moderators, users should be doing research on APY cloud as it will weigh heavily on the next update.
Here is the link to the article I am pulling this information from: flarefinance.medium.com/flare-finance-…
I will unpack my understanding of this below. 👇🧵
First, there has been misinformation about another $ExFi airdrop. This is FLASE.
There is 40M ExFi set aside for the APY cloud, but this isn’t a token distribution method.
APY yield for Governance staking of $SFIN and $ExFi will be minimum 5% and maximum 35% with an Excess 20%
This excess 20% will be added on the max of 35% to start, giving us an initial APY of 42%.