Thread by @WKahneman

A weekend 🧵
Because we're not all programmers, perhaps this will be a useful guide to fight through XRP disinformation about secret XRP, buybacks and ledgers, using the most powerful tool available...

WARNING: TEDIOUS RAMBLING AHEAD
1/16

2) The most powerful FUD-fighting, #XRP-boosting, conspiracy clearing tool on the web?

>>github.com/XRPLF/rippled
The XRPL is opensource.
Let that sink in :)

And it's not Ripple's, despite their influence. This in many ways, answers questions that routinely circulate about XRP

3) For instance, knowing it's open source, why in the world would a gov try to buy back XRP, when they could DIY? For less? And regulate it? And it would be more liquid? This idea makes no sense at all for a free network.

3) Testnets?
DevNets?
MainNets?
Absolutely -and they are open source, freely available. You can find them here:
xrpl.org/xrp-testnet-fa…
xrpl.org/parallel-netwo…

4) Main/Test/Devnet are all pretty standard. As explained to me, a non-programmer;
- Mainnet is the real deal.
- Testnet is a replica to see how to break it :)
- Devnets are for testing new features w/o affecting the mainnet.
masterthecrypto.com/mainnet-vs-tes…

5) But there's more!
XRPL.ORG has an explorer to watch the tx's on both the XRPL mainnet and the testnet, take a look!
livenet.xrpl.org
testnet.xrpl.org
Even Hooks has one (so I guess it's a devnet, then?)
…oks-testnet-v2-explorer.xrpl-labs.com

6) There are lots of explorers so you can meticulously map out where the 100b XRP are at any time.
xrpscan.com
bithomp.com/explorer/

Some great visual tools, too
medium.com/@silkjaer/the-…

My fav for seeing the movement:
threexrp.dev

7) Are there private networks being built? Yes,and Ripple has been public about them. You could set up your own. But they all require federating nodes to connect to the XRPL if desired.
ripple.com/insights/rippl…

8) More importantly, no more #XRP can be made. Any tokens made on sidechains, private ledgers, etc., cannot be XRP. It's built that way which is why Federating Nodes are required to connect.
(iirc, the nomenclature changed?)

https://twitter.com/WKahneman/status/1598531177295806466

9) This means there can be no "private XRP". A gov could build their own XRPL and rename the fundamental token USXRP, but USXRP would not operate w/ the main XRPL. The main ledger only has 100b XRP programmed in, an amount slightly decreasing by miniscule burn fees.

10) BOLD CLAIM: You can track every #XRP.
You may not know who or what is behind it, but like a shop doorbell, the movement can be tracked. THERE IS NO HIDDEN XRP, only different doors to walk through. More cannot walk out than walked in.

11) Are these just blind assertions without evidence? I don't think so since we can check it against the XRPL.ORG docs, or the code itself.
>>github.com/XRPLF/rippled
>>xrpl.org/xrp.html

12) ...But XRP II?
This isn't a different XRP or ledger. XRPII is an LLC Ripple formed to sell XRP from. Pretty standard biz stuff. Allows a div. to comply w/ reg's so the entire co. doesn't have to; provides legal protection. Get's brought up b/c named in the 2015 FINCEN fines.

13) You can find the FINCEN p/r here. Note, too, that CFTC or FinCen calling XRP a currency does not mean it cannot also be a security.
(Also, the SEC & CFTC are in a perpetual turf war..)
fincen.gov/news/news-rele…

13b) side note: there was some XRP2 token, but despite the terrible name, it wasn't XRP at all, but rather an "issued" token - the ledger didn't use it and it required trustlines. Nothing to do w/ Ripple or XRPL.
xrpl.org/create-trustli…

14) Worried a different token could be used to run the XRPL? Prove it- it's open source!
We all see the same code. XRP is uniquely programmed in. You could issue stablecoins, but those don't offer trustless settlement, nor are burned for XRPL operation.
xrpl.org/become-an-xrp-…

15) To be clear, I'm not saying don't worry about anything - #Ripple is currently being sued by the SEC, after all. But don't worry about nonsense.
It's your hard-earned money. Don't let fear or innuendo or dreams of golden toilet seats erode your judgement.

16) My biggest hope is opensource, too:
I hope the robust and vital community of developers using the #XRPL continues to grow and thrive.
It's all there just waiting to be built!

Apologies for the length but the craziness around XRP is too much to ignore.
Have a good weekend.
<heads into Friday nite traffic>