Discover and read the best of Twitter Threads about #XRPLedger

Most recents (24)

During this 🧵, I share the interview I did w/@Jay_SpendDBits well over a year ago when I was researching the #XRPLedger and independent developers who have no connection to @Ripple or its executives.

@Spend_The_Bits is a PERFECT example of what’s wrong w/the SEC lawsuit.
In fact, there have been 15 Amicus Briefs filed in the @Ripple case and if Judge Torres were to inform me that she was only going to read one Amicus Brief but was going to allow me to pick the one she reads, I would tell her to carefully read the @Spend_The_Bits Amicus Brief.
The @Spend_The_Bits Brief may be the best at demonstrating how flawed the SEC’s all-encompassing #XRP theory is.

Like most in Crypto, Jay read the #Bitcoin White Paper and bought #BTC
He knew #Bitcoin was going to be part of the future and decided to develop a payments app.
Read 25 tweets
READ THIS 🧵 AND I CHALLENGE ANYONE TO TRY AND DEFEND THE ACTIONS AND CONDUCT OF THE SEC.
“The same reasoning applies to digital assets. The digital asset itself is simply code. But the way it is sold – as part of an investment; to non-users; by promoters to develop the enterprise – can be, and, in that context, most often is, a security.”

- Bill Hinman, 06/14/2018
Notice that the asset is more a security if it is “sold as part of an investment - to non-users - by promoters.”

Clearly, #LBC users w/in the @LBRYcom Blockchain who didn’t purchase the tokens from LBRY or its executives DO NOT FIT with what Hinman articulated.
Read 25 tweets
[1/🧵] — #XRPL (#XRP) vs. @Ripple #CBDC

A short thread comparing and contrasting the #opensource public #decentralized #XRPLedger with #Ripple's private #CBDC Ledger based on XRPL👇 Source: https://www.youtube.com/@xrpledgerfoundation1145
[2/6] ▶️ What do central bankers expect?

#Interoperability — ILP
#Security, #Trust & #Speed — Unregulated
⚠️ #OverlayServices — Hooks and @EvernodeXRPL
#Access and #Inclusion — XRPL-DEX & AMM
#Stability & #Resilience — 10+ years old (XRPL) Source: https://www.youtube.com/@xrpledgerfoundation1145
[3/6] ▶️ Why does it have to be a private solution?

With proven security & all of the #XRPL Tooling at its disposal, the only thing a CB lacks is "control" of the gov. process.

Gov. on the #XRPL is conducted through amendments and voting, which cannot be controlled centrally. Source: https://www.youtube.com/@xrpledgerfoundation1145
Read 8 tweets
1|
When was the last time you did an analysis of the distribution of #XRP on the #XRPLedger?

How and where can you even do that?
And can you do it yourself at all?

I'm happy to show and I've also worked up the data (visually) directly.
2|
Next, for those who might not know, @xrpscan (xrpscan.com) and @bithomp (bithomp.com) are excellent blockchain explorers (and more) for the #XRPL!
Hearty shout out to the teams of both services whose provided data I used.
3|
And also to @WietseWind with whose help the easy creation of the pure data of the #XRPL was possible at all (for me) as well as to @Ripple and its operation of the "S1" server (s1.ripple.com) from which I extracted the data of the XRPLedger for this.
Read 31 tweets
[1/🧵] Is this you? 🤨

• Holder of #XRP since December 2020
• Has never heard of $FLR before (Hello, #Spark?)
• Has no idea what the fuss is all about
• Slept under a rock for two years

Allow me to bring you up to speed w/ this crash course on @FlareNetworks and $FLR. 🧵👇 Source: https://timestabloid.com/flare-ceo-updates-xrp-holde
[2/20] If you've been following this topic, you'll recall that there was once a #XRPL snapshot:

• 12th December 2020, 00:00 UTC
#XRP Ledger index 60,155,580
. . . Source: https://xrpscan.com/ledger/60155580
[3/20] . . .

You may recall that you had to claim your #Spark coins by providing your #EVM-based $FLR address in the message key field of your #XRPL account.

→ claim period expired on #XRPLedger index 64,204,315
→ Message could be changed until 11th June 2021, 23:59 UTC
. . . Source: https://xrpscan.com/ledger/64204315
Read 22 tweets
[1/🧵] #XRPLedger's Green ♻️ Agenda 2030 — Part 2/2

#XRPL, the leading and first prominent #DLT to achieve 💚 carbon neutrality 💚

Part 2 of this series will teach you all you need to know about the #eco-friendliness of #XRP, the digital asset. 🧵👇 Original Source: https://www.xrparcade.com/what-is-xrp/
[2/26] ⚠️ IMPORTANT NOTICE!

This is typically a heated topic. That is why I will do my best to be neutral, clear, and factual. Expect no guesstimates or personal opinions on this subject.

Everything is stated exactly as it is! Source: https://www.asap.nl/wp-content/uploads/2020/03/Discl
[3/26] If you haven't already, I highly recommend reading part 1 of this lengthy series to get a feeling of the magnitude of the undertaking that @Ripple is leading in this domain with the help of the #XRPL. 👇

Read 28 tweets
[1/🧵] I've been reading a lot about #XRPL #scalability recently.

Let me quickly go through how #XRPL performs and #scales on these metrics:

▶️ Scale up "vertically"
▶️ Scale out "horizontally"
▶️ High volume & High value TX
▶️ High value & Low speed Source: https://ripple.com/insights/building-a-more-sustaina
[2/17] 👉 Asynchronous TX speed—Scale up "vertically"

In contrast to #DAG-based systems, which operate in "chaotic order" and execute transactions in parallel, the #XRPL validates transactions in canonical transaction order—one Ledger at a time.

🔗 bitcoin.stackexchange.com/questions/7857…
. . .
[3/17] . . .

❓ The approach for #DLT/#Blockchain-based systems such as #XRPL:
☑️ "Payment Channels"

🧐 It's a sophisticated feature for transmitting "asynchronous" #XRP #payments that may be broken into extremely small amounts and paid in total order afterwards.
. . . Source: https://ripple.com/insights/amendments-ensuring-sens
Read 19 tweets
[1/🧵] @Ripple's Green ♻️ Agenda 2030 — Part 1/2

@Ripple as a significant actor in the achievement of the most critical goal of:
🌱 „Goal 13 Climate Action“

In part 1 of this series, I will break it ALL down for you in regards to #Ripple 🧵👇 Source: https://www.startpage.com/av/proxy-image?piurl=https
[2/33] ⚠️ IMPORTANT NOTICE!

This is typically a heated topic. That is why I will do my best to be neutral, clear, and factual. Expect no guesstimates or personal opinions on this subject.

Everything is stated exactly as it is! Source: https://www.asap.nl/wp-content/uploads/2020/03/Discl
[3/33] Before I get any farther into the intricacies of #Ripple, we must first build the groundwork:

❓ What is the primary goal ❓
The purpose is to combat #climate change by enacting the "Paris Agreement" and meeting the "#UN Sustainable Development Goals [13]." Source: https://www.startpage.com/av/proxy-image?piurl=https
Read 35 tweets
1|6
Something to discuss maybe …

Iam curious if anybody know a answer to my question...

The upcoming (EVM)Sidechain on the #XRPLedger uses Tendermint as a consensus mechanism and uses Proof of Stake (PoS)...
So the EVM-Sidechain needs PoS-Validators and Delegators... it).
2|6

but on the most PoS-Chains, unfortunately, there is always 3-5 TOP Validators which mostly together account for more than 50% of the Stake...

Is it possible to define an max limit(in %) that can be delegated to a validator? And would that be something from which…
3|6

the decentralization grad on the EVM-Sidechain could benefit? (And so the XRPL)

I mean, I could well imagine that if e.g. #Ripple provides a PoS validator, that's exactly where a large part of people will delegate their #XRP’s (eXRPs) to.
Read 12 tweets
[1/🧵] That is a genuine question, and while the answer may disappoint you, it isn't as important as one may believe.

Let's go back in time to find out what happened and thoroughly address the question. 🧵👇
[2/19] 🧐 First and foremost, let us establish some fundamentals and address the question:
❓ Is "block" the proper term to use ❓

Yes & no, as @JoelKatz puts it:
"The transactions are stored in a series of ledgers, but an #XRPLedger contains everything a block contains.
. . .
[3/19] . . .

So because it’s a chain of ledgers, it’s also a chain of blocks."

The primary distinction between #Bitcoin and #XRPL is that the #XRPLedger utilizes an account model rather than a #UTXO model, thus the term "Ledger".

quora.com/XRP-is-not-a-b…
Read 22 tweets
[1/6] Vor einer Woche hat @NFAdotcrypto seinen Song veröffentlicht & stellt folgende Thesen auf:

#XRP war kein ICO
• 3 Devs haben #XRPL kreiert, bevor @Ripple gegründet wurde
#Ripple kontrolliert 4% der Nodes
• Der #Escrow Zeitplan ist einsehbar

#FACTCHECK 🧵
[2/6] 👉 #XRP wurde nicht als ICO herausgegeben
✅ Richtig!

Nachdem im Juni 2012 die Entwicklung des Codes durch @JoelKatz, @JedMcCaleb und @ahbritto vervollständigt wurde, wurden 80% der 100 Milliarden "pre-mined" #XRP verschenkt.

xrpl.org/history.html
[3/6] 👉 #XRP wurde kreiert, bevor #Ripple gegründet wurde
✅ Richtig!

💡 Der Gründungsweg:
NewCoin, Inc (2012) → OpenCoin, Inc (2012) → Ripple Labs, Inc. (Rebranded / 2013)

🛠️ Der erste Github commit für "#rippled" von Jed und später von David 👇
(Man beachte das Datum 😉) Jedmccaleb first commit Sou...JoelKatz first commit Sourc...
Read 7 tweets
[1/16] Selbstbestimmt #NFTs auf dem #XRPL auszustellen ist derzeit noch sehr schwierig, weshalb sich sog. "#Launchpads" etabliert haben, die den Prozess über eine Webseite erleichtern

Welche Fallstricke sind auffällig? Richtigstellung zur Reserve und techn. Error Meldungen

🧵👇 Source: https://twitter.com/BCBacker/status/1587783142747869
[2/16] Wer den Ablauf der #BCB NFT-Serie ".702" bei Twitter mitverfolgt hat, hat sicher mitbekommen:

"Outch, da lief einiges schief. 😅"

Aber wer hatte Schuld? Welche Fehler waren die Ursache und war vll. sogar der #XRPLedger schuld?
Spoiler: Dem #XRPL geht's prima. 😉 Source: https://nft.onxrp.com/launchpad/details/blockchain-b
[3/16] Fangen wir bei den Fehlern an.

Wie sich jeder vorstellen kann, gibt es eine Unsumme an #Transaktionscodes, deshalb hier die Grundlagen der Präfixe:

• "#tec" – Die Transaktion hat nicht geklappt, aber die Transaktionskosten (min. 0,00001, aka. 10 #drops) wurden zerstört Source: https://xrpl.org/transaction-cost.html
Read 19 tweets
[1/13] Einen Tag nach Aktivierung des #XLS20-#Amendments auf dem #XRPL, werden stetig neue #NFTs geminted ohne Stabilitätseinbußen

Worüber noch nicht geredet wurde ist die #NFTokenID. Diese ist tatsächlich gar nicht so schwer zu verstehen

Schnappt euch einen ☕️ und let's go! 🧵 Nbougalis NFT ID without details
[2/13] Zuallererst: Für wen die Begriffe "#NFToken Objekt", "#NFTokenPage Objekt" und der generelle techn. Aufbau eines #XRPLedger NFTs fremd sind, bekommt hier nochmal einen Crashkurs, bevor es dann um die Erklärung und den Aufbau der "NFTokenID" geht

👇
[3/13] Schauen wir uns noch einmal erneut die #NFTokenID vom letzten Beispiel im Detail an

Folgende Abschnitte sind zu erkennen:
• Flags / Eigenschaften
• Übertragungsgebühr
• Account-"#ID" des Ausstellers
• "#NFTokenTaxon"
• Automatisch generierte ansteigende Sequenznummer nbougalis NFT ID with sections
Read 14 tweets
When @EleanorTerrett and I were discussing the @SECGov summary judgment, I didn’t bring up the one thing that stood out the most, b/c I had only read it once, right after reading @Ripple’s brief. I didn’t want to misspeak or be wrong. I’ve now read the @SECGov’s brief a 2nd time.
What, without a doubt, is the most glaring thing missing from the SEC’s motion for summary judgment?

THE SEC DOES NOT RELY ON A SINGLE EXPERT!

There is NO SEC expert testimony attempting to prove price correlation between the efforts of Ripple and the price of #XRP.
There is NO SEC expert testimony claiming #XRPHolders relied on the expertise, skill or management of the Ripple team OR expert testimony claiming #XRPHolders were led by promises and inducements made by Ripple, before acquiring #XRP.
Read 8 tweets
When I filed the motion to intervene in @SECGov 🆚 @Ripple on behalf of #XRPHolders, I used @Spend_The_Bits as a great example of why the Judge 👩‍⚖️ must allow us to be heard in the case.

@Jay_SpendDBits WITHOUT any help or 💰 from Ripple developed a payment app utilizing #XRPL.
#SpendTheBits will also be referenced in our Amicus Brief. According to Jay Kambo, @bgarlinghouse @chrislarsensf and @JoelKatz were completely unaware of who he was or of his idea to develop a payment app that allows you to spend your #Bitcoin JUST AS Satoshi Nakamoto envisioned.
That’s the beauty of the underlying technology. The #XRPLedger is an open permission-less distributed ledger technology - emphasis on “open and permission-less.”

Jay Kambo didn’t ask for permission - he just started building.
Read 12 tweets
The best example of the absolute absurdity of the @SECGov’s claim that #XRP is a security is highlighted in the video below 👇

#Bitcoin Maxis say ⚡️ is the only way to spend #BTC quickly. Not True! What blockchain technology was DESIGNED specifically for payments: The #XRPLedger
@Spend_The_Bits utilizes the #XRPL as a Layer 2 solution to solve how slow #BTC is. Utilizing the #XRPL and you spend your #BTC by utilizing a fraction of penny: .00005XRP.

The SEC concedes #BTC is not a security, but it claims the .00005XRP utilized to spend the #BTC is. 🤦
@Spend_The_Bits CEO @Jay_SpendDBits developed this app WITHOUT @Ripple. In fact, Ripple and @bgarlinghouse were unaware of this application. I highlighted this example along with others when I filed my motion to intervene. That’s the beauty of the technology.
Read 4 tweets
AN OPEN LETTER TO @FinancialCmte @FSCDems @GaryGensler @HesterPeirce @SECHerrenLee FSC and SEC Members

I write ✍️ to you on this public platform hoping you will truly understand the damage being inflicted on innocent holders of #XRP. I represent 68,700 of those holders.
We are users, developers, small businesses, content providers and investors in the digital asset #XRP.

In 2015 #XRP became the first regulated cryptocurrency in the United States, when the @DOJCivil & #FinCEN settled w/ @Ripple declaring #XRP a

“convertible virtual currency.”
After #FinCEN declared #XRP a virtual currency, forcing sales to comply w/ U.S. Banking Laws (not securities laws), foreign governments, including the U.K. 🇬🇧, Japan 🇯🇵, Switzerland 🇨🇭, Singapore 🇸🇬, and the UAE 🇦🇪, followed suit - all declaring #XRP - a non-security.
Read 26 tweets
The True Potential Of #XRP
Ripple was not just a currency; it was literally a global decentralized exchange. Already there were symbols to represent the US dollar, the Euro, gold, even other cryptocurrencies like Bitcoin, and just like the base currency XRP, these could all be
traded or sent within seconds. The most immediate and obvious benefit of this technology is the near instantaneous transaction time.
But Ripple can do so much more than just send money quickly. These symbols that you create so effortlessly can represent anything, not just money. It is not just a payments protocol.
Read 14 tweets
#XRP 0.50 Cents is a Brick Wall, it will be hard to be broken.

Time for a Price Thread 🧵 to understand the possibility & probability of 0.50 cent Range is our potential bottom.

#XRP on the D 0.50 cents played more than 9 times a pivotal role, as resistance & Support(1/5)
#XRP on the 5 D, Fib 0.786 ( in the Fib Channel) & Fib 0 ( in the Fib Extension) has a confluence on target 0.5071 cents. A fourth confluence that 0.50 Cents is our bullish bounce. (2/5)
#XRP The 200 Weekly MA is confluencing at 0.50 Cents (3/5)
Read 6 tweets
1/ I dug way too deep and now fully believe the photo @Ripple uses in “ISO 20022: Shaping the Future of Cross-Border Payments,” reveals a hidden link between $XRP and a MASSIVE global agenda... 🤷‍♂️🧵 Image
2/ First, for context, I’ve been researching the UN’s “Sustainable Development Goals for 2030” agenda (#SDGs) to find the crypto opportunities it presents: here’s a thread for background: 🌍🔀🌐
3/ Second, I’ve been researching $XRP for years and believe it will be a main fixture of the future digital financial system… and this relates back to the #SDGs agenda because its success requires the establishment of that same “digital system…” 🎭
Read 12 tweets
XRPL DEX now supports USDC, USDT via @GateHub, and the first euro-backed stablecoin is soon to come via @stasisnet. Let’s check out the benefits of support offered for stablecoins on the #XRPLedger: 1/6
Many of XRPL’s core features (such as the world's first DEX) have been available since 2012. These features are extremely mature and functional, making it an ideal platform for stablecoin issuers to issue/manage assets of all kinds. 2/6
All they need to do is create an issuing account and set configuration options for the account and the particular stablecoin. That’s it. The XRPL’s native token functionality makes this possible. 3/6
Read 6 tweets
(1/11) Twitter Thread below👇🏻

A list of my fav XRPL resources. (in no particular order)

If you feel I've missed any please do shill them in the comments below! Support your favourite projects💪🏻!

❤️ Share the Love, Like, RT & Comment 🙏🏻

#XRPLedger #XRPL #XummCommunity #XRP
(2/11) @XRP_Airdrops
An incredible powerful twitter page with HEAPS of information, if you’re looking for new trustlines and the latest project this is a great place to start! A continuous flow of information, make sure to check out the pinned post for the juiciest bits.
(3/11) @onXRPdotcom
The home for everything that is XRPL No matter your level, this has it all. A project section for the latest and greatest, a DEX to load up and a rich article section to stay up to date. onxrp.com #OXP
Read 12 tweets
@SECGov 🆚 @Ripple & #XRP

SHOULDN’T THE TRUTH MATTER?

That’s the question being asked by SIXTY-FIVE THOUSAND #XRPHolders who have joined together to NOT allow the SEC or Ripple to speak for them.

As amicus curiae, we intend to speak for ourselves.
65K #XRPHolders from 60 different countries across the globe 🌏 and the United States 🇺🇸 have come together to dispute the claims being made regarding the Digital Asset #XRP. I’ve literally been in contact with thousands of #XRPHolders who refute the allegations made by the SEC.
Here are the facts and the truth being ignored by the SEC and the lawyers involved in the case:

1) the majority of first time #XRPPurchasers were actually unaware of a company called Ripple and it’s use of #XRP;
Read 24 tweets
PROOF TODAY’S #XRP FAILS THE HOWEY TEST

1) an investment;
2) in a common enterprise;
3) with a reasonable expectation of profits;
4) from the efforts of others.

#XRPHolders use the token itself to stake #XRP for interest (profit) or as collateral for a fiat loan.

Factor #4 👎
If you acquired #XRP for non-investment reasons factors 1 & 2 are not satisfied. Time magazine accepts #XRP along with thousands of content or service providers (merchants, coil, tips). Non-profits accept #XRP as donations. Employees & Businesses use #XRP as payroll currency.
I know of #XRPHolders who acquired the minimum amount of XRP just to establish the trust line to send money abroad utilizing the #XRPLedger or the DEX. Their intent was to utilize XRP as a tool for its utility - as a bridge or transfer asset.

The token itself is not a security!
Read 4 tweets

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