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[1/🧵] @DigiEuro interviewed @moderndosh and @AntonyWelfare on the @Ripple #CBDC-Manager software.
The underlying private #CBDC-ledger based on #XRPL was also heavily discussed.
I summarized the most of the interview for you, along with my personal comments. 🧵👇
The underlying private #CBDC-ledger based on #XRPL was also heavily discussed.
I summarized the most of the interview for you, along with my personal comments. 🧵👇
[2/19] To begin, if you are completely unfamiliar with #CBDCs and the #Ripple solution, here is a nice place to start:
[3/19] One important reason for using a private version of the public #XRPL is that a central #bank needs to be able to control the #money supply.
Why use a private ledger ❓
▶️ Central banks and #governments must be able to mint and destroy #currencies.
Why use a private ledger ❓
▶️ Central banks and #governments must be able to mint and destroy #currencies.
1) I lived under the regime of the #SEC for 25 years as an investment banker. So what I am about to tell you is nothing new to me. Every member of the securities industry can corroborate and every securities lawyer with integrity can back these statements.
2) DISCLAIMER: Before you proceed, you must know that I am not a #securities lawyer, and this is not legal advice. In addition, these are only my own opinions.
3) The SEC designs rules that makes them "operatively contagious", like a virus. If Im sick and I touch you, you get sick. To understand what this means one first MUST understand the term #Gatekeeper as it is has been commonly used in the regulatory community.
