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WrathofKahneman Profile picture
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24 May, 5 tweets, 2 min read
An observation & some amateur musing about the XRPL, a thread: The Ripple, RippleX, discussions about CBDCs and NFTs both discuss "coming federated sidechains". Today's RippleX article mentions it and links to an earlier article.
At 23:15, David Schwartz explains more in the video on this page today's announcement linked to. He also mentions -in passing- DeFi capabilities linked through Federated Sidechains that won't clog basic XRPL payment functions. (good! )
blog.ripplex.io/whats-the-deal…
Here's @JoelKatz Quora response about CBDCs as federated sidechains:
Q: Is Ripple's new announcement about a private version of XRPL an example for Federated side chains?
A: Yes.
quora.com/Is-Ripples-new…
So seems to be a lot riding on federated sidechains as an expansion of the XRPL without burdening it. CBDCs of course, but companies could deploy DRM rights on these sidechains, your iTune/Netflix rights hosted on the XRPL -doesn't XRP become the most efficient pay then?
In conclusion, and in summary; it turns out the interoperability the ledger was looking for was with itself, all along.

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More from @WKahneman

WrathofKahneman Profile picture
15 Mar
The letter Ripple filed today asking for SEC docs has some big claims that will define this case. They are asking for docs claiming the SEC is "withholding relevant, potentially exculpatory evidence" by not handing over communications.
courtlistener.com/recap/gov.usco…
2) And this is important: "Based on information gleaned to date, it is clear that the SEC was told by sophisticated market participants that XRP was not a security" even after soliciting feedback. They ran with this until Dec '20.
3) They argue directly a consideration of the Howey test should consider that the SEC "shaped the character of XRP & other digital assets in commerce and what market participants could expect."
Read 4 tweets
WrathofKahneman Profile picture
19 Jan
Perhaps someone can look this up, was posted on XRPChat (thanks Peanut56). "The Delaware Chancery court issued temporary restraining order Friday limiting Ripple's cryptocurrency transactions and stock redemptions until Tetragram can sell back its stock."
law360.com/articles/13454…
"The vice chancellor said she viewed Tetragon's requests for a complete ban on XRP purchases as potentially "heavy-handed." Instead, the court ordered Ripple to maintain a "net zero" position in sales and purchases of XRP, rather than halting acquisitions outright."
Some takeaways:
•Tetragon's argument was they want to get out before the stock depreciates.
•They argue the Wells notice was a trigger for redemption, but Ripple argues it was not; a textbook example even.
Read 6 tweets
WrathofKahneman Profile picture
21 Jun 20
At the 47min mark of Kristina Corner's interview of Ripple's @JoelKatz , he says three significant things in rapid succession before closing:

1) He dismisses idea that Ripple's escrow is spoken for as "conspiracy theories"

2) Says Ripple is "working on regional clearing partners which are banks that have RippleNet connections to numerous other banks in that region … so you can sign up with RippleNet as an institution and get clearing into an entire region"
3) Ripple is "also looking into offering...things like loans, or ...DeFi services to institutional partners. One of the unique things that Ripple has, is ...our software in the tx flow of all these financial institutions... and can offer it immediately..."
Read 6 tweets
WrathofKahneman Profile picture
28 Apr 20
1/ Ripple investor SBI's capital tie-up with Sumitomo portends big things, potentially for XRP, even. There are a number of connected events that bear consideration; an SBI/Sumitomo/#XRP megathread. (sorry 😅)

asia.nikkei.com/Business/Finan…
2/ The specific fund Sumitomo invested in, OpenLegacy, is one used to revitalize aging Japanese banking by supporting API integration of core banking platforms.
SBI invested $20m in January specifically noting banks can integrate with MoneyTap.
verdict.co.uk/retail-banker-…
3/ It's pretty clear Sumitomo is courting a younger online audience by buying 20% of the shares of SBI Neo Mobile Securities sometime in June. Their core clientele is an aging population. Though not announced, MoneyTap would serve them well.
Read 9 tweets

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