Discover and read the best of Twitter Threads about #xls34d

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[1/๐Ÿงต] Beautifully crafted thread. ๐Ÿ‘

Even though I mostly agree with everything expressed, there are some mistakes made based on terminology starting with the word "token".

A thread (๐Ÿงต) about my opinions, which are hopefully more uplifting. ๐Ÿ‘‡
[2/10] Let's start with a definition of "token" and see if we can locate a suitable statement in the #web.

What is a token โ“
โ A crypto token is a representation of an asset or interest that has been tokenized on an existing cryptocurrency's blockchain. โž Source:  https://101blockchains.com/wp-content/uploads/2022/
[3/10] Even if the distinctions are small, claiming that #XRP is a token is strictly incorrect since #XRP cannot be a token.

Because #XRP has no issuer, it cannot exist as a tokenized representation of anything. XRP  XRP is the native cryptocurrency of the XRP Ledger. All
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