Why Bitcoin’s Energy Monster is Just Expensive Theater
In cryptocurrency debates, we often throw around terms like “Proof of Work” or “hashrate.” In these discussions, Bitcoin is presented as an impenetrable fortress, its walls forged from pure electricity and mathematics. >>
@BretWeinstein Bitcoin maxis are so convinced of Bitcoin's perfection that they dismiss everything else as garbage, despite knowing literally nothing about the rest of the space.
@TrendingBitcoin@RipBullWinkle It's not against Bitcoin. It's against Bitcoin only. The right way is diversification. I.e. not a Bitcoin only reserve but a basket of digital assets reserve. There's nothing wrong with that.
The third epoch rewards claim window is live!
Be sure to claim your weekly $XRP from the rewards page!
- Gain reward points for your own volume
- Gain reward points for your referee's volume
No tokens. No gimmicks. Conviction pays.
@saylordocs In Czech Republic is 15% tax, but also 0% tax for individuals if the assets are held for more than three years or if the total annual revenue from sales does not exceed $4300.
@panosmek Enter to XRP but the default page is swap. A bit confusing for a newbie. I would expect a simple flow where the purchasing process will be carried out step by step, with a description of what is happening and why, ideally in the buyer's language. So that a newcomer is not afraid.
GM! XRP is going multichain and it's time for newcomers to learn about it!
The XRP Ledger pioneered many of the properties we now take as granted in the industry. From deflationary tokenomics & burning, to core DeFi features, DEX, tokenization, payments, and more. Αll built into the L1, no smart contract risks, no wallet drains. It was built as a better and more advanced Bitcoin. It was also the first non-PoW blockchain and is perfectly positioned financial and practical use cases.
XRPL brought DeFi to the world before even that term existed. It's time to embrace every ecosystem's strengths and move forward together!
For years, the $XRP community has debated timelines, catalysts, IPOs, lawsuits, ISO standards, bank integrations, and regulatory moves. But all of that energy has only lived on Twitter threads, YouTube comments, and Discord predictions.
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Where conviction meets liquidity.
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Where being right matters, and being wrong has a cost.
Axiom is where XRP holders bet on the future.
Link below.
For anyone who is doubting, I have never been more bullish on XRP and especially the XRP Ledger. I want to see this ecosystem in the spot it deserves to be, and that's the fucking #1. Not 2nd, not 3rd. But to do that, we need to be objective, harsh and face reality. Constructive criticism and feedback is needed to grow and become the best version possible.
I have been here for 10+ years watching, contributing, advising, building products/tools, and helping the ecosystem grow in any way possible. I'm not going anywhere, but we need to come all together and start focusing on XRPL more than XRP. It should always be XRPL first and then everything else. Bring all the liquidity, all the assets, all the users, the best talent, the best ideas to XRPL. We are not here to settle for mediocrity.
"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.
It's over you beautiful mfkers! The corruption and injustice against XRP and Ripple ends today. A new era begins. Now let's make the XRP Ledger great again and the leading blockchain for onchain finance. It's time for the world to learn the real power of XRP! 🔼
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
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