Another 2019 document about Corda Settler….
After yesterday’s Space with SMQKE proving the Settler product has been retired, it’s clear, he knows better, he is just out to intentionally mislead his followers. SAD.
@G__New Why do you need a bridge token in a world where smart contracts, atomic DvP swaps, banks issuing their own stablecoins and developing their own chains exist?
🤣🤣🤣 Listen to it all.. the Swift narrative being broken. But i told you all 2 years ago when the court documents came out @Ripple were guided by DCG to market it as SWIFT 2.0 @bgarlinghouse and @chrislarsensf were guided by one of their investors. Its a bloody court document! Proof! You dont need to sit around and conflab you dont need to point fingers at stupid influencers. Just laugh.. just laugh at how for years this narrative was pushed so hard.. remember the videos if ripple could take 10% of swift..
Laugh.. and then turn that laugh into sorrow and understand how easily people became sheep from a missunderstood tech and missinformed to give billions of dollars and held through all the highs and lows. Took out mortgages, car book loans, personal loans, got themselves into debt because of a stupid narrative spun by investors and ran with by ripple and its marketing team and the influencers that didnt even fact check..
Now you understand why i dont listen to narratives why i pick them apart..
Laugh but understand how easy this space is to part people from there hard earned money even by a big ole company like Ripple.
@Belisarius2020@Cryptoinsightuk The XRP community and its influencers spread 10000X the lies and misinformation the rest of the entire industry combined.
How does one token organically attract all the liars?
Today we announced progress toward our goal of advancing 24/7 collateral mobility. DTCC’s Collateral AppChain, a shared infrastructure platform for collateral, will leverage the Chainlink Runtime Environment (CRE) and @chainlink data standard to enable near real-time collateral management across financial markets and blockchains.
The integration will enable the seamless pairing of asset prices, valuations, and movement, with the aim of overhauling how market risk is managed globally and unlock greater capital efficiency.
This milestone reflects our broader vision to enable 24/7, near real-time collateral management across the global financial system.
Read the full announcement: https://t.co/ELVio44scA
You cannot realistically expect people to believe that Ripple’s discretionary sales of premined zero cost basis coins are equivalent to a PoW network’s programmatic and permissionless block reward, that’s a complete category error
I am talking about the mechanics of supply and demand, where objectively speaking, Ripple is diluting token holders to generate shareholder value, an inherent conflict of interest, for what you offer no real reconciliation
You are aware that we are in a world where there are crypto assets that do not suffer from this token vs equity misalignment issue?
That rather than just using token holders as a source of funding for corporate acquisitions and stock buybacks to the exclusive benefit of equity holders, there are projects where revenue actually accrues to the token (e.g., HYPE being net deflationary)
I do believe you understand what I am talking about here, but I recognize you are in a position where you uniquely benefit from the status quo of how XRP and Ripple was structured, so we’ll probably never agree
None of this is evidence that Swift will use XRP. It shows crypto projects adopting the ISO 20022 messaging format, an open standard Swift does not own, while confusing a message syntax with a settlement asset that Swift, a network which never touches the value leg and has no architectural slot for. Waiting.
@JoelKatz@ChainLinkGod@Belisarius2020 https://t.co/WgPx9sncmW
LMAO!
So, dumping XRP on XRP holders is a gift to them because it tanks the price...and Ripple is doing a $750 million dollar buyback of Ripple shares (which came from dumping XRP) to...harm prospective buyers of Ripple?
@unknowDLT Buddy, “this guy” you’re quote tweeting and accusing of lying is a former Swift executive
Swift doesn’t use XRP and there are zero plans to do so, it’s not “fud” to state basic facts
You’ve already made this argument before, your logic doesn’t make any sense, and I think you know that, but this is a position you have to take
Regardless, if I am to explain this from first principles:
Ripple’s sales of XRP dilute the circulating supply, which is negative for all existing holders because it shrinks their % ownership of circ supply
To maintain the same share of circ supply an existing holder has to buy more to absorb Ripple’s sales, which is a direct transfer of value from token holders to Ripple
You’re saying it’s a good thing that Ripple dilutes circ supply because it allows retail to “buy the dip”, but this is permanent supply dilution, not a temporary suppression
As a digital commodity, XRP trades on the basis of supply/demand dynamics, so increasing demand and shrinking supply is beneficial to all holders (new and existing)
Ripple is doing the reverse, expanding supply and leaning on retail demand to soak it up, which is objectively bad for holders (but good for the equity investors who are beneficiary of those sales)
Furthermore, if diluting circulating coin supply (and suppressing price to your claim) is good, then why is Ripple buying back shares at a higher valuation? Why isn’t Ripple dumping shares at a lower valuation so equity investors can also “buy the dip”?
Per Bloomberg, Ripple equity investors get:
- The right to sell shares back to Ripple after 3–4 years at a guaranteed 10% annualized return
- A 25% annualized return if Ripple forces a buyback
- A liquidation preference, giving them priority over legacy shareholders in a sale or insolvency
These equity holders, who are getting unusually strong protections via a guaranteed return, are the beneficiaries of Ripple’s XRP sales, not the retail token holders who are serving exit liquidity
@HistoryWJacob John "Jack" Jouett is my ancestor. On the night of June 3rd, 1781, he rode several miles to Monticello to warn Thomas Jefferson and the Virginia General Assembly of an approaching British calvary that would have captured them.
Ripple sells XRP to third parties OTC, who can then offload to retail in various ways, the very existence of retail exit liquidity is what makes the purchase viable for the counterparty in the first place and is how Ripple can monetize its share of zero cost basis coins, DATs are great example of this in action
Hence, from the perspective of a Ripple Labs shareholder, the company is not in the business of selling financial tech to banks, but primarily in the business of monetizing zero cost basis coins, that’s far more profitable, regardless of whether those coins are sold directly to retail or via third parties
This is basic financial engineering, what you’re describing is a distinction without a difference, at the end of the day, Ripple socializes its costs to retail token holders and privatizes its gains/revenue for shareholders