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Jan 21 • 7 tweets • 3 min read
Daily Davos Creeper thread; a collation of #Ripple news at the intersection of Davos (WEF) and the UAE. There's smoke, is there fire?
A 'lil 🧵
1/7
2. Let's start by noting the meta-discussion surrounding Brad's mention of #Ripple's status in the UAE. To the listener it seemed he believed alternate information about Ripple's UAE status, despite the UAE minister to his left asserting "You do not".
3. The UAE, at least in the press, was notably present, as are many countries, but it does seem they were making an effort, participating in seminars including sustainability, preparing for the future and crypto.
...in the Venn diagram, as they say.
zawya.com/en/press-relea…
4. #Ripple? UAE? The mind immediately thinks of partner LuLu Exchange, also present and hosting a special seminar about compliance technologies in achieving financial inclusion. Among those attending were Ripple's Brooks Entwistle.
khaleejtimes.com/business/davos…
5. (Entwistle offered some perspective about crypto at Davos in general to the media as well. )
6. Meanwhile, according to Elon's fevered dream, it seems @JoelKatz was in the UAE (not Davos) around the same time as the video of Brad mentioning UAE.
7. So what does it all mean? Who knows, maybe nothing, maybe we are just seeing two partners cross paths at a necessary event. The video though makes it easy to speculate there is more to the story. But it's only innuendo.

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More from @WKahneman

WrathofKahneman Profile picture
Jan 22
Can the XRPL represent the value of everything, all at once? Can $XRP be backed by gold? Both questions seem related to misunderstanding what $XRP is & how it functions, a boorish, simple🧵/14.
(Note: just condensing XRPL.org. All misunderstandings are mine.) Image
2. First, according to XRPL.org there are 2 types of assets on the XRPL.
1. XRP
2. Tokens.
That's it.
Two categories with different properties. Honestly could end the thread here. But I'm avoiding work, so here goes...
xrpl.org/currency-forma… $XRP
3. $XRP is the ledger's native token. It can be sent anywhere, from anyone & receipt is settlement. Don't have to wait for anything more. It secures the network as payment of a very small (but traffic scaled) tx cost & a required reserve for an account.
Read 16 tweets
WrathofKahneman Profile picture
Jan 2
A brief overview for folks reading about @Ripple & $XRP use in 2023. Years ago, Ripple offered 3 products:
xCurrent = payment messaging
xRapid = #XRP as bridge currency
xVia = an API solution
Co's originally signed bilateral agreements w/ partners to move value. And now?
1/3 #RippleNet #ripple $XRP #XRPL #XRP
Now these functions are integrated into one service, "RippleNet," a payment suite managing messaging with the option to use "On Demand Liquidity" (ODL), an $XRP using product, if desired. Bilateral agreements are no longer necessary between users.
2/3
So if you see someone uses "Ripple" or "Ripplenet",
-they likely only use it for messaging, not #XRP
-if "ODL" is specified, then value is moved using XRP on the #XRPL
-Many ODL users start with RippleNet only.
3/3
 ripple.com/insights/on-de…
Read 4 tweets
WrathofKahneman Profile picture
Dec 9, 2022
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.
Read 19 tweets
WrathofKahneman Profile picture
Dec 7, 2022
🔎More ODL ?
- Nov 16: @Ripple announced a new ODL partnership with MFS Africa. Mobile money was highlighted.
- Dec 2: Longtime ODL partner TransferGo launched service to Ghana, Senegal, Uganda, Kenya, & Benin Republic, 6 countries MFS operates in.
pulse.com.gh/business/local…
ODL is not mentioned in the TransferGo P/R, only the proximity to the MFS Africa announcement suggests it. Article also highlights how users are able to avoid currency fluctuations, which has been a Ripple talking point.
ref.
ripple.com/customer-case-…
ripple.com/insights/trans…
ripple.com/ripple-press/r…
Read 4 tweets
WrathofKahneman Profile picture
Dec 2, 2022
Secret #XRP Ledgers!!! 🔎
Are they real?

Let's be clear; there are no secret ledgers where real XRP is priced at $100k. It is impossible and represents a misunderstanding of how the #XRPL works.
A🧵/12
2. Just think of it - want XRP to be $50? $500? $5 million!? You could do it on your own private ledger! XRPL.ORG / Github even shows you how!
Then squeeze your super valuable XRP back onto the market, right?
xrpl.org/blog/2020/runn…
xrpl.org/run-rippled-as…
3. No.
Remember how the XRPL achieves consensus; there is a network of independent validators that agree on each tx recorded so the network progresses. And they already agree on the amount of XRP created and where it is.
wazirx.com/blog/blockchai…
Read 13 tweets
WrathofKahneman Profile picture
Dec 1, 2022
Yesterday, @Ripple led a $72m funding round for digital asset market maker Keyrock. Active primarily in spot markets so far, it has been expanding into OTC markets recently.
investingcube.com/market-maker-k…
"Keyrock leverages its own technology to offer flexible and scalable liquidity solutions to marketplaces and asset issuers like #Ripple and over 85 other trading venues." They lost a small amount of assets to FTX. coindesk.com/business/2022/…
Also, SIX is partnered up w/ #Ripple investor SBI Holdings to create "the preeminent digital asset liquidity hub in Singapore."
And Middlegame Ventures has nothing to do with gaming.
Read 5 tweets

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