Trevor | trevorscanlon.eth

Tar Heel | @Kaleido_io | NWFD Volunteer Firefighter and EMT

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@0xNairolf https://t.co/w3cuajYj5x

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@scottmelker Think this reply from their CTO is pretty telling

https://t.co/7QGlA1mlLO

[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.

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@malekanoms Mastercard has been working on this for a while. It’s their Multi token network

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@MikeIppolito_ @ChonktheBulldog So the most important metric is… vibes?

It’s still EVM, so that is still in the realm of all the existing EVM development skills

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@0xAneri @baseapp Still got any invites left? Would love one

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@jessepollak @baseapp Thought about giving access to the Llamas? @WenLlama

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@crypto_condom This was expected

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@crypto_condom Sorry, I’m clearly missing something. Even if share price = nav, they’ve sold 69 mil more shares at 6.15 which is how they acquired assets of 425 mil. 425 x 1.7 =722.5 divided by roughly 72 million shares is about 10 bucks a share

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@crypto_condom Maybe we’re talking about different time frames. Short term (ie less that 60 days when these shares hit market) share price might sky rocket and give PIPE investors a 15x, but by the time they can sell we’d expect that to be back closer to the $10 per share

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@crypto_condom Sorry, I’m clearly missing something. Even if share price = nav, they’ve sold 69 mil more shares at 6.15 which is how they acquired assets of 425 mil. 425 x 1.7 =722.5 divided by roughly 72 million shares is about 10 bucks a share

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@edels0n Think you’re overly focused on the grifts (which I agree are entirely bad for the web3 industry) but don’t know or see enough of the good innovation in web3

Coinbase is (IMO) generally good for the industry and transformative technology that will change the way we move value

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@krugman87 Maybe time to admit that sensible governance not based on outlandish promises of “too much winning” would have been better for our market?

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@lex_node @crypto_condom I don’t get why this is confusing for you… people can both
1) Profit (although not much of that going on with the tariff uncertainty)
2) call people out for supporting someone who admires strong men, doesn’t respect women, and wants to tear down government

[Adam Wren @adamwren]

New @playbookdc: Last month, a group of moderate Democratic consultants, campaign staffers, elected officials & party leaders gathered in Loudoun County, Virginia, for a retreat where they plotted their party’s comeback.

We got their takeaways.

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@Pentosh1 Not to mention the multi billion dollar liquidity drain and grift that is $trump that actively hurts our industry

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@Pentosh1 Criminals added to the country (and celebrated), Trumpovsky confirmed as a Russian lap dog sacrificing democracies, full DOGE kleptocracy, but yeah, price of our coins are up 📈 in a totally artificial, inflated mechanism

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@crypto_condom @Gemini @coinbase When you refer to their profitability, are you talking DEX volume?

Having looked into and spoken with some of the ripple team recently it feels like they’re trying to find their identity again.

Blockchain enabled SWIFT was good, but either too early or not executed right

[Trevor | trevorscanlon.eth @TrevorGScanlon]

@ChainLinkGod @SergeyNazarov @chainlinklabs Bold statement to claim it’s the only one when I know I can name another that’s addressing data, cross chain, compliance, scale, privacy, and much more 😁

[Adam Cochran (adamscochran.eth) @adamscochran]

1/11

The problem in the US has never been that the tax rates are too low.

It’s that the effective rate people (and businesses) pay is low because there is too many loopholes.

The current capital gains tax is 20% and if that was actually paid, the US would be fine.

[Matt Norlander @MattNorlander]

Welcomed news in Chapel Hill—with more on the way. Trimble’s not the only guy sticking around. RJ Davis is on board to return as well, source tells @CBSSports, with an official announcement landing in the next few days. UNC also returning Elliott Cadeau in the backcourt, too.