Kirth Gersen

[Kirth Gersen @asteroidminer]

I look forward to XRP achieving that equivalency. Even if it takes 15 or 20 years of course I would want that however at this point I just can’t see it happening for a variety of reasons.
To reach something like $100, XRP needs genuine institutional adoption in the form of institutions holding meaningful amounts of it as working inventory for cross-currency settlement. That is the utility path. So far the partnerships and volume have landed mainly on RLUSD and the ledger itself. SWIFT is building its own rails, and no major disclosed XRP inventory holdings for settlement have appeared.
The ordinary market-cap/ETF path has a practical ceiling. Even in a strong cycle the fixed 100 billion supply makes the kind of move implied by the Roadster comparison difficult without that inventory-demand shift. Positive infrastructure news has been real; the price response has not matched it. That gap is the main reason I remain unconvinced the larger outcome arrives.

[Jacqui Deevoy @JacquiDeevoy1]

1774: they blew tobacco smoke up drowning victims' backsides to revive them, and the kits hung along the Thames like lifebuoys.

1863: they sold cocaine wine as a daily tonic, and a pope pinned a gold medal on it.

1898: they sold heroin as a cough medicine, and spooned it into coughing children.

1918: they sold radium water as a health drink, and the millionaire who drank 1,400 bottles was buried in a lead-lined coffin with most of his jaw gone.

1921: they put lead in petrol, and Britain kept it in the pumps until 2000.

1930s: they X-rayed children's feet in shoe shops, and kids queued to watch their toes wiggle on the screen.

1940s: they rubbed mercury teething powder into babies' gums, and about 1 in 500 of those babies was poisoned.

1946: they sold cigarettes on the line that more doctors smoked their brand, and put a man in a white coat on the advert.

1949: they gave the lobotomy a Nobel Prize, and doctors went in through the eye socket with an ice pick.

1952: they sold a cigarette filter made of asbestos as the greatest health protection in smoking history, and smokers drew it into their lungs with every puff.

1957: they sold thalidomide to pregnant women for morning sickness, and around 10,000 babies were born with missing or shortened limbs.

1960s: they sold margarine as the heart-healthy fat, and spread trans fat on a generation's toast.

1996: they sold OxyContin as barely addictive, and started an overdose epidemic.

1999: they sold Vioxx for sore joints, and pulled it five years later after tens of thousands of heart attacks.

2026: they're selling seed oil as the heart-healthy fat, and it's in almost every packet in your kitchen.

Every one of these came with an expert's blessing and the same total certainty.

The people telling you which fat to fear today sit in the same chairs as the ones who put radium in the water and a doctor on the cigarette packet, and they're every bit as sure.

"The experts recommend it" has the longest body count in medicine......

The above is copied from another person on another platform.

Credit to @samahoole on FB.

[Kirth Gersen @asteroidminer]

Analysis of the post and the “snowball” section
The post is a full (heavily edited) Spaces conversation between SMQKE and Tom Alaerts, who worked at SWIFT for more than 27 years on the standards the global payment system runs on. The relevant timestamps highlighted by the poster are:
•SWIFT is not going anywhere — any new network has to work with existing trust, security, and governance.
•ISO 20022 and digital assets already have a structural relationship built into the standards.
•ISO-compliant fintechs and digital-currency networks have a higher likelihood of integration into central-bank payment systems and SWIFT.
•SWIFT/ISO 20022 extends beyond messaging into how value, data, and settlement connect.
•The snowball (around 1:30–1:31): Over the next 6–12 months, Tom expects a compounding “snowball” effect across ISO, digital assets, agentic payments, stablecoins, and CBDCs, with each piece accelerating the others as adoption compounds.
Relevance to XRP price appreciation
This is neutral-to-mildly positive for the ecosystem narrative, but it does not supply evidence for the scarce-inventory / Claver-Athey utility path.
What it supports
•Networks that already speak ISO 20022 have a structural advantage when banks and central-bank systems integrate digital assets, stablecoins, or agentic payment rails. XRPL has long claimed ISO 20022 alignment, so this keeps a plausible integration pathway open.
•A compounding adoption wave of stablecoins + digital assets + CBDCs inside the existing SWIFT/ISO framework is consistent with the direction we have already been tracking (more on-chain dollar settlement, more institutional digital-asset infrastructure).
•If that wave lands partly on XRPL (via RLUSD, tokenized deposits, or compliant payment flows), it can increase ledger activity, fee burns, and account reserves in XRP. That is real but small relative to total supply.
What it does not support
•It does not show institutions needing to hold large XRP inventories as the bridge asset for cross-currency settlement. The conversation treats SWIFT as enduring infrastructure that will integrate compliant digital assets rather than being replaced by them. That is the opposite of the “XRP becomes the required hose for global payments” thesis.
•Stablecoins and tokenized deposits are the assets being described as the ones that will accelerate. XRP remains an optional bridge or native fee/reserve token in that picture — the same division of labor we have seen in the RLUSD partnerships.
•No new volume numbers, corridor disclosures, or inventory-holding data appear.
Bottom line relative to our prior discussions
The snowball section is a credible industry view that digital-asset and stablecoin adoption inside the banking system is likely to compound over the next 6–12 months. That is directionally constructive for XRPL’s technical relevance and for any ISO-aligned ledger. It is not new evidence that XRP itself is becoming the scarce asset institutions must source and hold to move value. It fits the pattern already observed: infrastructure and stablecoin usage can grow while XRP demand stays limited to fees, reserves, and optional bridging.
In short, it is useful context for the broader regulated-digital-asset trajectory. It does not update the assessment that the utility/Claver/Athey model price path remains unactivated.

[Vivid.🇮🇱 @VividProwess]

This video must go viral. The world must see the truth.

A Muslim Arab Israeli is telling the truth about Israel and Gaza.

This is a must-watch.

[Back Channel @BackChannelQ]

WHISTLEBLOWER Gail Macrae: "I am a registered nurse with years on the front lines...ZERO patients died FROM COVID.

They were KILLED by Remdesivir and ventilators.

Hospitals were half-empty the entire time.
But the deadly protocols, forced isolation from family, and experimental drugs kept rolling — because every “COVID label” meant massive government bonuses.

This wasn’t medicine.
This was MURDER FOR MONEY.

Patients came in with the flu or pneumonia. They left in body bags after being poisoned and suffocated by hospital policy.

I saw it with my own eyes.
I watched it happen day after day.

Demand justice.
Demand the truth.
Demand the names of every administrator, doctor, and politician who profited while our loved ones were slaughtered.

The COVID hospital scam was one of the greatest crimes in history.

[Eric Daugherty @EricLDaugh]

🚨 JUST IN: Polish MEP Dominik Tarczyński STARES into the camera to drop this message for any American considering voting Democrat in 2026

"Socialism is DEATH, slavery and lack of any freedoms. PLEASE don't do it — don't go through 70 years of occupation like Poland did."

"You know what socialism is? Everyone is equal...Equally HUNGRY. And that's what we went through. Please, don't do it. Do not vote socialist for your next generations for your children and grandchildren!"

@D_Tarczynski 💯💯

Poles LIVED THIS: ration cards, empty shelves, lack of food and martial law by the commies

Now Democrats are running open socialists like Mamdani and ABDUL EL SAYED

Listen to the people who actually survived it! 🇺🇸🇵🇱

Everyone who fled communism does NOT want to go back. Americans must vote Republican.

[Kirth Gersen @asteroidminer]

The video correctly restates Ripple’s intended design: RLUSD as the familiar digital dollar that institutions already understand, and XRP as the potential bridge when those dollars need to convert into other currencies. Monica Long’s 2024 comments and the theoretical feedback loop (more stablecoin traffic → more opportunity for XRP liquidity) are accurately presented.

That design keeps the utility/hose door open in principle. If institutions eventually move large volumes of RLUSD (or other stablecoins) and choose to route the currency conversions through XRP rather than through bank deposits, other stablecoins, or their own rails, then the Claver/Athey-style inventory demand could still appear. Nothing in the video closes that possibility.

What the video does not supply is evidence that this is occurring at meaningful scale. It does not show disclosed volumes of XRP-bridged settlement, large institutional holdings of XRP maintained specifically for liquidity provision, or a reduction in the substitution effect visible so far—where RLUSD and other stablecoins are performing the settlement function directly, with XRP limited to small fees and reserves.

The complementary narrative is consistent with Ripple’s public statements. It is the expected response to the “RLUSD is replacing XRP” concern. It is not new data that the scarce-inventory mechanism is activating. Until the on-chain or disclosed settlement volumes show institutions repeatedly sourcing and holding XRP to move value between currencies, the utility path remains a design intent rather than an observed demand driver.

[Back Channel @BackChannelQ]

EXPOSED 🚨 Department of Education is laundering money back to the Democrat Party

“This is why Democrats are losing their minds over Elon Musk. It's all about money”

Rep Harriet Hageman “The Federal Department of Education spends it as a budget of about $280 billion a year. Less than 25% goes to educating our students. So where does the other $220 billion go? It goes to a bureaucracy, it goes to a consultant, and that consultant then donates money BACK TO DEMOCRATS, and then it goes to a different consultant, and then it goes to an NGO. I mean, IT IS MONEY LAUNDERING and money churning at its absolute best.”

“Is the DOGE Program targeted at these bureaucrats?”

“Yes”

[Kirth Gersen @asteroidminer]

@BackChannelQ Very old news and as usual nothing happened :(

[Kirth Gersen @asteroidminer]

@DangerousThinkg Nice

[Kirth Gersen @asteroidminer]

@BackChannelQ @grok is this true? Thoughts,

[Kirth Gersen @asteroidminer]

@ChrisCoolyard @TheRabbitH0LZ That’s who they work for.

[TheRabbitHole @TheRabbitH0LZ]

No Kings explained for people who think they're fighting fascism.

You're standing in a crowd on Saturday. You look around and think yeah. No Kings. This is what democracy looks like.

Bro.

You're holding a sign made by a communist billionaire who lives in Shanghai.

You live in a constitutional republic.

Elections. Term limits. A free press that spent four years calling the president a fascist without one journalist being arrested.

The modern left's definition of fascism:

You love your country? Fascist.

You want to enforce the border? Racist.

You think parents should raise their kids? Bigot.

You want to know who's voting in your elections? Jim Crow.

Being patriotic is fascism to the modern left.

But every country has borders and enforces them. 176 countries require ID to vote. That's the definition of a country.

But the Democratic establishment told you otherwise. And you believed them.

Congress has a 15% approval rating. 80% of Americans disapprove. 97% of incumbents got re-elected.

Chuck Schumer. 46 years. Longer than Stalin.

Steny Hoyer. 45 years. Longer than Mao.

Mitch McConnell. 42 years. 5x more than Napoleon.

Nancy Pelosi. 39 years. Longer than Henry VIII.

Maxine Waters. 35 years. Longer than Mussolini.

Bernie Sanders. 35 years. Triple Hitler's entire reign.

Trump. 5 years and 3 months. Won the popular vote and the electoral vote.

But Trump is the king. Okay buddy.

You don't hate kings. You hate kings that aren't yours.
And they have you in the streets carrying their water.

The Democratic Party installed a president without letting you vote. Biden quit on a Sunday. By Tuesday your queen was crowned.

No primary. No debate. No ballot. First time since 1968.

Three days before your march every Senate Democrat voted against photo ID to vote.

During COVID you carried a vaccine card everywhere like a hall pass from the government just to eat at a restaurant.

But getting a birth certificate or waiting two hours at the DMV to prove you're a citizen before you vote? That's oppression.

The Democratic Party is pro illegal immigration.

Counts non-citizens in the Census. Census determines congressional seats. More non-citizens means more seats means more power. No voter ID means no way to check.

That's how you keep power without wearing a crown.

Biden built a censorship machine.

Pressured Facebook to suppress true information and admitted it in writing. Censored scientists. Censored doctors. Censored JOKES. The Biden White House told Facebook to remove "humor and satire."

They literally went after people for making fun of them. UK does it better tho...

Everything they censored turned out to be right. They just outsourced the silencing to Silicon Valley.

And it doesn't stop at speech.

The extreme left justifies taking children from families.

Six thousand schools rewrite children's identities without telling parents. And the State has the right to intervene.

The Hitler Youth did this. Mao's Red Guards did this. The Soviets built statues of a child who reported his own father.

Same playbook.

During Covid, your bakery got shut down. Church closed. You couldn't hold your dying mother's hand at the hospital.

But thousands packed together during BLM to burn Minneapolis and THAT was essential civic engagement. Obviously.

$2 billion in damage. 25 dead. 2,000 cops injured. 20 states burning. VP Kamala promoted a bail fund for the rioters. No investigation. No hearings.

January 6. One building. Few hours. 1,000 prosecuted. Two years of televised hearings.

Kings decide which violence counts. The left decided.

Charlie Kirk spent his life walking onto campuses asking for honest debate. He was assassinated.

CSIS terrorism database. 2025 is the first year in 30 years that left-wing attacks outnumber right-wing. Yet no one brings this up.

75% of liberal students say preventing a speaker from talking is justified. 27% say violence is acceptable.

Liberals who went to Trump rallies: "I never felt unsafe." "The experience changed me." They say.

Conservatives who show up on liberal campuses get screamed at, blocked, and assassinated.

One side talks. The other side screams.

The Party for Socialism and Liberation marched

Their stated purpose in their own words: "Revolution." Not reform. But Marxism.

500 groups. $3 billion in revenue. Pre-printed signs.

The signs were ready before you were even angry.

AND its all coming again .... if the left gain any power.

VOTE RED RED RED on November 3rd

[Capitol Leaks @CapitolLeaks1]

Ready to have your mind blown?

Senator John Kennedy on Elon Musk and DOGE exposing USAID, “I'll tell you what Mr. Musk discovered. I find it fascinating. He discovered:

- The American taxpayers are giving money to Afghanistan
- He found that we are giving money to Yemen
- He found that we are giving money to Syria
- He found that the USAID has 10,000 people employees, and every year they give away $40 billion
- He found that the USAID gave money to support electric vehicles in Vietnam. Our money, taxpayer money
- He found that the USAID gave money to a transgender clinic in India. “I didn't know that. I bet you the American people didn't know that”
- He found that USAID gave $1.5 million to a Serbian LGBTQ group, they got $1.5 million to QUOTE, “advanced diversity, equity, inclusion in Serbia's workplaces and business communities”
- They found that USAID spent $164 million to support radical organizations around the world
- They gave $122 million of that to groups aligned with foreign terrorist organizations
- According to this report in Mr. Musk, the USAID has given millions of dollars to quote organizations in Gaza controlled by Hamas
- He found that we gave $2 million, USAID did, for sex changes in Guatemala
- He found that we gave $20 million to produce a new Sesame Street show in Iraq
- He found that we gave $4.5 million of taxpayer money to combat misinformation in Kazakhstan
- He found that we gave $10 million, USAID did, of meals to an al-Qaeda-linked terrorist group called the Nusra Front
- Mr. Musk found that we gave $7.9 million of taxpayer money to a project that would teach Sri Lankan journalists to avoid binary gendered language. (The USAID took 8 million bucks and gave it to a bunch of journalists in Sri Lanka to teach them how to avoid binary gendered language)
- USAID gave $1.5 million to promote LGBT advocacy in Jamaica
- They gave $1.5 million to rebuild the Cuban media ecosystem
- They gave $1.5 million for quote, art for inclusion of people with disabilities in Belarus
- Another $3.9 million for LGBT causes in Macedonia
- $8.3 million for equity and inclusion education in Nepal

“I could go all night and many of my colleagues are upset. They're really mad at Mr. Musk. Hell, I think we ought to give him a medal”

[Kirth Gersen @asteroidminer]

@Faith900822 Everything you’ve listed has been great for Ripple and RLUSD. Not XRP.

[Kirth Gersen @asteroidminer]

@larry_arens Ripple doesn’t need XRP anymore. It has RLUSD. Think of it like the first Tesla Roadster . It was a proof of concept that funded what was to come.

[Kirth Gersen @asteroidminer]

Not via market cap. The only path that could theoretically reach extreme prices is if XRP itself became the required store-of-value / bridge inventory for large-scale cross-border settlement. That path is now unlikely. RLUSD (and other stablecoins) already perform the same settlement function without creating demand for XRP inventory.

[Kirth Gersen @asteroidminer]

@Paulatalkscr 😂🤣😂🤣😂

[Kirth Gersen @asteroidminer]

@paulaCrypto_1 🤣😂🤣😂🤣😂

[Kirth Gersen @asteroidminer]

Agree man. Agree. That reading is consistent with the evidence so far. I’m now of the opinion that
Ripple created XRP, retained a large portion of the supply, and used sales of it over the years to fund operations and development while building and testing the XRPL. Once the ledger was functional, the company shifted emphasis toward products and services that generate fee revenue — payments infrastructure, custody, treasury tools, and especially RLUSD. The partnerships and regulatory approvals that followed (including the trust-bank structure) primarily expand those fee-based activities rather than create structural demand for large XRP holdings.
The comparison to the original Tesla Roadster is useful as a contrast. The Roadster was a high-cost, low-volume proof-of-concept whose purpose was to demonstrate the technology and raise capital for the next stage. Tesla then delivered on the subsequent mass-market vehicles it had described. In Ripple’s case, the “next stage” that has materialised is RLUSD, institutional custody, and multi-rail payment services that do not require XRP as the scarce inventory asset. The original bridge-currency role for XRP remains technically possible but has not been the mechanism that scaled.
So the sequence you describe — XRP as early capital and testing vehicle, followed by a pivot to RLUSD and service revenue — matches the observable pattern. What has not matched is a corresponding delivery of the large-scale XRP inventory demand that the early narrative required. I would love to be proven wrong.