DeFiFuture

I believe in Jesus (actually the Father, the Son & the Holy Spirit). interested in #defi and #crypto but many other things as well. sometimes it’s a surprise …

[DeFiFuture @DeFigoFuture]

@hicasamadim 72?

[DeFiFuture @DeFigoFuture]

“When Deutsche Bank is the last to arrive at the party, the party has definitely started.”

[DeFiFuture @DeFigoFuture]

@WietseWind Ok, thanks.

[DeFiFuture @DeFigoFuture]

@WietseWind

Hello! Today, I tried exchanging XRP for RLUSD (in Xaman). When I enter 1 XRP, I see the correct exchange value as the equivalent value. The same is true for 10 XRP, but for 100 XRP, the exchange value is only ~24.458896449. Am I getting something wrong here?

[David 'JoelKatz' Schwartz @JoelKatz]

"Ripple has 300+ bank partnerships, but after 13 years, shouldn't there be billions in daily on-chain volume?"

I think there are a number of reasons why institutions have historically preferred to use digital assets off chain rather than on chain. I think we're close to changing that because institutions are starting to see the benefits of moving on chain. But I agree it has been very slow. Even Ripple can't use the XRPL DEX for payments yet because we can't be sure a terrorist won't provide the liquditity for payment. Features like permissioned domains will address this.

"If XRP is volatile, why use it over stablecoins for transfers?"

There are use cases where volatility isn't a minus, or is even a plus. Generally, for most digital assets the general view is that the upside is worth more than the downside, so as long as you aren't very risk averse, holding it is not really a disadvantage.

"If volatility is not an issue because it’s a bridge currency, what is the incentive to hold it?"

A bridge currency only works if someone is holding it so that you can get it precisely when you need it. But I think that in practice if you don't know what asset you will need to hold next, you may hold the dominant bridge currency because it should be cheaper to exchange into whatever you happen to need next.

"Are bridge currencies still necessary when stablecoins will cover most pairs in the future?"

If one stablecoin wins, then no. You would just use that stablecoin as the bridge currency. But I don't think one stablecoin can win for several reasons, including that a stablecoin can only be stable relative to one particular fiat currency and will always have jurisdictional ties. If we're in a multi-stablecoin world, it still makes sense to have a bridge asset that serves the long tail of tokenized securities, loan portfolios, and so on.

"Why would giants like BlackRock use XRPL for tokenization instead of building their own blockchain? (Robinhood uses Arbitrum and plans their own)"

I'm not sure how much that will really matter so long as we have interoperability and asset portability. Multiple chains are a good form of scalability as well. But I think the best way to see why they might is to ask the same question about Circle -- why don't they launch USDC only on their own blockchain? You can see why that's obviously silly. I think the same kind of logic will apply to tokenized real world assets over the next year or two.

"Geopolitical risk. Why would foreign countries trust a US based private company payment network?"

If you're asking about XRPL, it's not really US based. It has never discriminated against any particular participant and if it ever started to, I would hope people would stop using it. If you mean Ripple's enterprise payment products, we have separately licensed entities in many jurisdictions. But obviously, you're not going to see it in North Korea or Cuba any time soon and their might be, in some cases, pushback to a US company having some control over, say, payments between Pakistan and Saudi Arabia. We build trust and we make hay where the sun shines.

[DeFiFuture @DeFigoFuture]

@thetimetraveler I’m not so sure about Calvinism, just because it seems like he built on Augustins foundations. And I’m not so sure about these. But I’m just a regular guy, so…

[DeFiFuture @DeFigoFuture]

@thetimetraveler Seems to be a little difficult to mark any text? But it looks nice!

[DeFiFuture @DeFigoFuture]

Please help me to understand: obviously there was some transfer of the existing supply. Maybe It was transferred to different wallets. But now we can see the supply again. But roughly 500 - 600 Mio are missing (or am I wrong)?

Maybe @ChadSteingraber - you have an idea?

[bill morgan @Belisarius2020]

The information filed with the SEC by Wellgistics Heath yesterday about its implementation of payments using the XRPL is fantastic.

* launched yesterday an XRP integration program
*states the program will enable pharmacies to pay for products and move funds instantly and cost effectively and not need to rely on traditional banking and credit card networks
*gives independent pharmacies access to blockchain based payments
*calls it an XRP-based payment solution at scale
*the company serves 6500 independent pharmacies and 200 manufacturers

Real utility and use for XRP and the XRPL

[DeFiFuture @DeFigoFuture]

@WhaleFUD https://t.co/4z8bTjsiUy

[Watcher.Guru @WatcherGuru]

JUST IN: Google drops plan to ban non-custodial crypto wallets from Play Store following backlash.

[DeFiFuture @DeFigoFuture]

#FreeEdoFarina @X

[👑 𝕂𝕚𝕟𝕘 𝕂𝕒𝕣𝕒𝕟 👑 @KingKaranCrypto]

🚨 Edoardo Farina sends a message to the $XRP community.

His account was banned. Appeals ignored. Now he speaks out.

📅 LIVE Aug 1 – 4:30 PM Greece / 7:30 AM CST
🎥 “The Truth Comes Out – XRP & Digital Justice”
🔗https://t.co/8BzAhy9D2r

🗣️ Use #FreeEdoFarina & tag @X

[DeFiFuture @DeFigoFuture]

@sola_chad I would like to ask this question: Where in the biblical narrative did ethnic Israel begin, and perhaps why did it begin?

[DeFiFuture @DeFigoFuture]

@RippleXrpie @Ripple if that is what he tried to communicate without saying it, what then would adulthood look like?

[DeFiFuture @DeFigoFuture]

@ChadSteingraber https://t.co/E0r5H8aEdM

[Chad Steingraber @ChadSteingraber]

“The Chad Steingraber Theory” – The Road to a $20K #XRP
A Thread🧵 from The Future (UPDATED)

It’s been a year and a half since I wrote this original thread and A LOT has happened, including some parts of this theory.

Grab a drink, grab a snack and let’s take a ride, shall we?

[DeFiFuture @DeFigoFuture]

@vegastarr There were no „pre-flood Israelites“

[DeFiFuture @DeFigoFuture]

@ChadSteingraber So should we look at it and expect it to happen in other nations as well?

[Brad Garlinghouse @bgarlinghouse]

@AssetsDaily the 74% of you that clicked “End the case” were right!

[bill morgan @Belisarius2020]

It serves the public interest and it’s just a coincidence that 80,000 people from the public bitterly opposed the lawsuit and signed up with @JohnEDeaton1 to oppose it and millions more wanted the indicative ruling made and the motion granted. I hope that at least the hypothetical objective Howey test reasonable investor is happy with the outcome.

[Stuart Alderoty @s_alderoty]

With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged. In the meantime, it’s business as usual.

[CasiTrades 🔥 @CasiTrades]

🚨All Judge Torres said today is: I can’t rule on penalties yet because the case is still on appeal. Ripple & SEC wanted an early hint, but she’s waiting until it’s officially back in her court. Just a delay, nothing changes legally.

Why this is mostly short-term FUD
1⃣No new penalties. The $50 M vs $125 M debate is unchanged. Torres simply refused to preview her answer today.

2⃣ $XRP's legal status stays the same. Her July 2023 holding that sales aren’t securities remains untouched.

3⃣Settlement signals are still strong. Both parties are filing together and jointly asked the appeals court for breathing room.