Twitter's recently banned the official Bitcoinˢᵛ page & doesn't want the truth exposed that $BTC is a scam, as $BSV is the real Bitcoin. 🔗↙️ (link below)
nChain patent granted November 23, 2021, inventors Craig Steven Wright, Stephane Savanah:
"Tokenisation method and system for implementing exchanges on a blockchain"
https://t.co/b4cWEOe5di
@MoonLamboio@JonoGrant1 Having large amounts doesn't give special permission, but rather favorable special benefits. This is how whales manipulate markets in pump & dumps.
@MoonLamboio@JonoGrant1 As described by Ripple CEO:
"As Bitcoin miners grabbed large amounts of BTC before the public became aware of it.. All of 100 Billion XRP was up for grabs to the market, with Ripple Developers grabbing the vast majority of it."
@MoonLamboio@JonoGrant1 Having XRP physically in Ripple's possession, as well as all XRP data.. Makes Ripple technically both.
If I'm incorrect on the data aspect, please let me know. I try to keep up to date with all Crypto.. but can become overwhelmed at times.
@MoonLamboio@JonoGrant1 As adjectives the difference between consolidated and centralized is that consolidated is (finance) including financial data of the parent and all subsidiary companies, while centralized is having things physically towards the center; consolidated or concentrated.
@HammerToe@JonoGrant1 • By Ripple owning so much, it allows them a fall back option to cash out in the event of being rejected by SEC.
• If you trust in banking, who often sabotage themselves for profit, expect no different from Ripple.
*Ripple is latin for Bank
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@JonoGrant1 That's over 50% of all XRP held by Ripple, and they paid for nothing.
Those who paid real money for XRP, are at the mercy of a failing asset.
It's extremely vulnerable right now with XRP dropping below $0.70 fast... this is rather suspicious with no sights of recovery.
@JonoGrant1 The majority of XRP was "up for grabs" to the developers before anyone had the opportunity.. for free!
This creates a centralized asset, with Ripple capable of cashing all XRP foe real cash. which would result in value plummeting to almost $0.00 instantly.
Leaving buyers fucked.