1/ Since nobody has mentioned this, figured it should be said here : "JPCoin" / J.P. Morgan's digitized bank note (which is essentially what it is), completely fried Ripple's supposed value offering as a blockchain.

Brief article about it here: librehash.org/jpmcoin-the-be…
2/ For years, @Ripple has fed us all the narrative that their token $XRP will one day become the *dominant* solution for cross-border payments by financial institutions. Image
3/ They espoused the same logic in one of their recent blog posts (published September 2020), titled, 'Why Real-Time Cross-Border Payments Are Poised To Breakthrough'

link = ripple.com/insights/why-r… Image
4/ In the article, Ripple makes its typical value proposition by first laying out the premise that instantaneous payments would be beneficial for the financial services industry (specifically cross-border payments), which is actually true. Image
5/ Unfortunately for Ripple though, it appears that the old 'go to' talking points regarding the supposed archaic technologies being leveraged by the financial space are now, ironically, archaic too - as this is no longer the case. Image
6/ Proof of the claim made in #5 (above) was [even more ironically] provided by Ripple in this piece where they later claim to be the driving force for 'ISO 20022' (new international standard related to banking & payments industry). ImageImage
7/ Interested to see whether it was true that Ripple was a "leading proponent" of an entire ISO Standardized Volume (which would be profound in itself), a brief look up of the said standard (original) was conducted.

Which lands us here = iso20022.org
8/ Unfortunately, it appears that Ripple's characterization of their involvement in the ISO 20022 standards formation couldn't have been as the "leading proponent", because that was Swift (Ripple's alleged rival that they have yet to viably compete with) ImageImage
9/ More to the point, J.P. Morgan was able to essentially remove Ripple out of the equation entirely (at least for the purposes of what they're creating), which makes it hard to imagine that financial institutions would even consider Ripple in the future vs. a custom solution. Image
10/ What's even more 'yikes' about what J.P. Morgan wrote above is that highlighted section, which essentially lets us know that they were able to do everything Ripple claimed they could provide...except without needing Ripple at all.

So what's Ripple's purpose at this point?

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More from @librehash

4 Nov
1/ Once upon a time, CZ promised us that he would never list 'shitcoins'.

Not even if they "pay 400 or 4,000 BTC".

He forgot to mention (about the coins that he did list on his exchange "without fee", that he has extensive ties with each project's community) Image
2/ $NEO was probably listed because of @cz_binance's relationship with Da Hongfei (head of NGC Capital whom is also a seed investor in Binance); these guys go way back - maybe that's why @binance tends to list *almost all* of Da Hongfei's projects.
2a/ Attached, we can see Da Hongfei listed as one of the seed investors in Binance (source: Binance exchange whitepaper ; not the exchange token, but the actual exchange itself) Image
Read 6 tweets
4 Nov
1/ This article enumerates the inefficacy of modern wallet solutions (and why I recently wrote a three-part series titled, 'Why You Don't Need a Hardware Wallet' <-- being released today in an hour or so).
2/ If you read the quoted tweet above and thought to yourself, 'Wait a minute, I thought that Bitcoin & blockchain were supposed to be unhackable!', then you're on the right track.

Its more so that the *cryptography* used for Bitcoin cannot be reasonably cracked.
3/ However, these cryptographic primitives (i.e., ecdsa) are only as strong as their implementation and only as secure as their execution environment.

The idea of encrypting 'wallet.dat' files (a default standard for $BTC by Core), is unnecessarily dumb & unnecessary. Image
Read 13 tweets
3 Nov
1/ Not in the least bit, and the protocol isn't really designed to operate like Bitcoin (since Bitcoin was created for peer-to-peer payments).

Also, the upside for what Ethereum can / can't do seems to be a hell of a lot more limited than it is for Bitcoin (ironically).
2/ The fact that Ethereum has an account-based transaction system (vs. UTXO) means that all Ethereum wallets must have an incrementally increasing 'nonce' value; the downside here is that this requires one to 'sync' with a node / API running *somewhere* on planet earth ImageImage
3/ More so to that API point that I made above, the disadvantage here for Ethereum users (in comparison to Bitcoin; don't worry I'll bring up an advanage).

Metamask users, for instance, have their wallets pointed at Infura(.)io's API endpoint. Image
Read 5 tweets
15 Jun
1/ Recently we decided to look at $USDT / #Tether - an entity that consistently outdoes itself with the level of rampant fraud that perpetrated by them in the blockchain space.
2/ Specifically, we want to look at the troubling number of Tether tokens that have been 'minted' over the past two months.

Specifically, from mid-April to mid-May (just one month) - over *3 billion tokens were minted*.
2a/ Perhaps even more troubling is the fact that over one 24-48 hours span, we saw the supply for USDT increase by 2.5 billion.

Yes, billion - you read that correctly.
Read 11 tweets
26 Oct 19
1/ After looking deeper into this issue, there is *enormous cause for concern* as the entity in question on the Bitcoin Cash blockchain essentially has full control over the chain at this point in time. (thread)
2/ Skipping to the chase here, the address in question can be found here (Blockchair) = blockchair.com/bitcoin-cash/a…
3/ For $BTC / $BCH , there is no 'attribution' in block headers.

We can make a very educated guess about who mined a given block from:

A) Address receiving 'coinbase' transaction [block reward]

and/or

B) Mining pools that sign blocks
Read 12 tweets
5 Sep 19
1/ We decided to waste no time in heading directly to the documentation of Hedera Hashgraph - found here: docs.hedera.com/docs/

Specifically, we're going to look at 'key generation'

Ed25519 > secp256k1 (ECDSA) [what Bitcoin uses]
2/ Providing an eclectic range of signatures is somewhat worrisome because the biggest source of compromise among users as it pertains to key generation using these signatures is user error / incorrect implementation.
3/ More important is implementation; visiting the GitHub = github.com/hashgraph/hede…
Read 9 tweets

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