@Zedzies@NeilTolbert@Ripple@chainlink Moron alert 👆
- **The partnerships target distinct functions**: XRP serves as a bridge asset for fast, low-cost payments, while Chainlink’s CCIP focuses on secure tokenization of RWAs, funds, and stablecoins across chains without replacing XRP’s payment role.
How can the Strait of Hormuz be "closed?"
As many have pointed out, no country “owns” the Strait of Hormuz, it's an international waterway governed by international law.
But, it can still be effectively closed.
Ships traveling through the Strait of Hormuz purchase war-risk insurance, which protects the shipping companies from the costs of being attacked.
If insurers refuse coverage and ships stop sailing, oil flows effectively stop even if the waterway technically remains "open."
We've already seen two vessels targeted near the Strait of Hormuz today, with insurance costs skyrocketing.
Currently, war-risk premiums are rising by 50%+ amid the war between Iran, Israel, and the US.
Insurance costs for a $100M oil tanker have jumped from ~$250,000 to ~$375,000 per voyage.
Keep watching insurance costs.
@ElonTrades@mert@HeslinKim You are one of the most tribal posters I’ve ever seen. You have CC blinders and have said holders of certain other tokens should immediately rotate into CC. Bruh…
@KriegVII Please expand my friend. Your earlier projections from months ago didn’t quite happen when you thought they might, so curious to hear how you’ve updated your thinking.
@1995research Happily. Problem is, one can clock their probability and laws in all the certainty they want and still be wrong. We know this because there are many firsts this time around.