Panos Profile picture
10 Apr, 7 tweets, 2 min read
There is so much misinformation about $XRP being centralized, but let's look at the facts. The XRP Ledger uses a consensus protocol that relies on a majority of validators to record and verify transactions without incentivizing any one party. Validators are different from 1/4
miners because they aren’t paid when they order and validate transactions. Today, there are over 150 validators that operate at locations across the globe and are run by a broad range of individuals, universities, institutions, exchanges and more. For consensus to be reached 2/4
on the network, at least 80% of the validators must agree. Ripple controls less than 4% of all validators, which gives them no power whatsoever on the #XRPL. Anybody can run a validator and set it up in minutes. 3/4
Put simply, the XRP Ledger is based on an inherently decentralized, democratic, consensus mechanism — which no one party can control. 4/4

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More from @panosmek

10 Apr
Many people ask me "when to sell $XRP?" or generally any solid crypto. My answer: Imagine holding money 2.0 and thinking about selling and cashing out to worthless fiat to sit in your bank account. Stop thinking about "cashing out" and start thinking about using... 1/4
the technology, generating passive income and spending your crypto! You can use crypto generally as a medium of exchange, store of value and many other use cases, especially now with DeFi. Banking services without banks. There are also endless passive income opportunities. 2/4
Of course I am not saying to not take any profits or anything, you might want buy anything or pay off something. But to sell and exit just to have fiat money sitting in your bank account, that's horrible. Focus on the long term, passive income and using your crypto directly. 3/4
Read 4 tweets
24 Feb
Investing in crypto 101:

One of the most important things in a crypto project is utility and solving real problems with innovative ways. But these are not enough. And this is where most crypto investors make the biggest mistake.

Time for a thread 👇
1/ This thread is mainly about people who want to invest in good and serious projects for the long-term. In the current state of the market and in the short term, you can make money from literally everything, even scams, because there is euphoria everywhere, so be careful.
2/ By buying the token of a project, in no way it means that you are investing in the technology and the success of the project/company. We are seeing many platforms having great technology or product, but they don't need a token and their tokenomics are bad.
Read 10 tweets

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