HOPE

Father of Three beautiful kids, Bachelors in Computer Science, Love #Technology. #Cypto , #AI #smallwhale

[HOPE @isit_hope]

@cryptorover i would say buy bye bye

[HOPE @isit_hope]

@MOSSADil Your translation is not true . This is not right he never said that .

[HOPE @isit_hope]

@JoelKatz @FalcoVinnie Did you ?

[HOPE @isit_hope]

@BCBacker 52.1k

[Crypto Rover @cryptorover]

💥BREAKING:

🇮🇷🇺🇸 Iran hits large US oil tanker close to Kuwait.

Another escalation.

[David 'JoelKatz' Schwartz @JoelKatz]

One last point that I don't make often enough:

We carefully and intentionally designed XRPL so that we could not control it. It's not because we weren't 100% confident we were the very smartest and very best people who could always make the very best decisions. We were confident we were and that we could. We did not lack ego.

But what we also knew was that given the regulatory environment and practical realities of being a company and having investors, there was simply no way we could be assured that we were in control over our own actions.

Ripple, for example, has to honor US court orders. It cannot say no. I think US courts are great and generally issue orders that make sense for good reasons. But could a US court decide that international comity with an oppressive was more important than XRPL or Ripple? We were quite concerned that could come down either way.

We absolutely and clearly decided that we DID NOT WANT control and that it would be to our own benefit to not have that control.

We always want people to trust us. People trusting me is all upside for me. I want as much of that as possible. So does Ripple. But people *having* to trust me or Ripple or anyone else to use XRPL is all downside for us. We knew very early that we wanted as little of that as possible.

We designed it so that we could not own or control it because that was the only way to ensure that nobody could own or control it.

And think about it. Say Ripple could censor transactions or double spend. If we ever did that, all trust in XRPL would be destroyed. It would never make sense for anyone to use that power. And the best way to be able to say "no" is to have to say "no" because you cannot do the thing asked.

Our entire objective in designing the consensus model was to limit its power, for selfish reasons at least as much as noble ones. And the design reflects those objectives.

[Whale Alert @whale_alert]

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 300,031,472 #USDC (300,046,923 USD) transferred from unknown wallet to unknown wallet

https://t.co/3vn2Z4clMN

[David 'JoelKatz' Schwartz @JoelKatz]

@KhaledElawadi @VinceLaBido @saradwinter @bramk Not really. I think bitcoin is largely a technological dead end for the same reason the dollar is. The technology just doesn't seem to matter all that much to its success, at least not at the blockchain layer.

[HOPE @isit_hope]

@CW8900 you will never see whales buying here. they buy the lequidations prices. these are retails

[HOPE @isit_hope]

@BCBacker Legend

[David 'JoelKatz' Schwartz @JoelKatz]

"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.

[HOPE @isit_hope]

@AltcoinDaily @McDonalds @McDonalds , Hiring Today.🥰

[HOPE @isit_hope]

@KEEMSTAR My losses ?!!🤣

[HOPE @isit_hope]

@TheMoonCarl i thought you will stop bul*sh***t hype comments !!

[HOPE @isit_hope]

@TedPillows anything is possible. but it is not probable

[HOPE @isit_hope]

@MMCrypto i agree

[Working Money 💰 @WorkingMoneyCH]

Whoa! @CathieDWood's @ARKInvest Gives XRP a Major 19.88% Allocation in New Crypto ETF Filing + @Ripple Partners with @RiyadBank's Jeel to Boost Blockchain in Saudi Arabia 🇸🇦 😎
▶️ https://t.co/tKjf8TIgmB

[HOPE @isit_hope]

@UniverseTwenty @xrp1234567 It will not back to 0.89 cents first

[HOPE @isit_hope]

@AltcoinDaily With what ?😂

[HOPE @isit_hope]

@TheMoonCarl Exactly as predicted 😂👍