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Mar 10 β€’ 11 tweets β€’ 7 min read
I wanted to thank @bob_way once more for this 4 hour Twitter space marathon.

Today I realized that I am still in the early stages of learning about #ILP and the #XRPL.

In case you missed it today, here are all the sources we discussed: πŸ§΅πŸ‘‡
1⃣ β€” #Rippling and the "#NoRipple Flag"

xrpl.org/rippling.html
2⃣ β€” Local Exchange Trading Systems (#LETS)

investopedia.com/terms/l/local-…
3⃣ β€” Cross-#Currency #Payments

xrpl.org/cross-currency…
4⃣ β€” #Trust Lines and Issuing

xrpl.org/trust-lines-an…
5⃣ β€” #Payment Channels

xrpl.org/payment-channe…
6⃣ β€” #Escrow / #HTLC + #Interledger (#ILP)

xrpl.org/escrow.html#us…
7⃣ β€” Community #Credit / Social Credit

xrpl.org/tokens.html#co…
8⃣ β€” #Interledger architecture and #HTLC "conditions"

interledger.org/rfcs/0001-inte…
9⃣ β€” Web #Monetization / #Micropayments

webmonetization.org/docs/getting-s…
Thank you also to everyone who joined the space and listened to our rumbling. ❀️

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More from @krippenreiter

Krippenreiter Profile picture
Mar 5
[1/🧡] @DigiEuro interviewed @moderndosh and @AntonyWelfare on the @Ripple #CBDC-Manager software.

The underlying private #CBDC-ledger based on #XRPL was also heavily discussed.

I summarized the most of the interview for you, along with my personal comments. πŸ§΅πŸ‘‡ Welcome to the Ripple Digital Currency Manager
[2/19] To begin, if you are completely unfamiliar with #CBDCs and the #Ripple solution, here is a nice place to start:
[3/19] One important reason for using a private version of the public #XRPL is that a central #bank needs to be able to control the #money supply.

Why use a private ledger ❓
▢️ Central banks and #governments must be able to mint and destroy #currencies. CBDC Hierarchy of Needs
Read 21 tweets
Krippenreiter Profile picture
Mar 5
[1/🧡] Beautifully crafted thread. πŸ‘

Even though I mostly agree with everything expressed, there are some mistakes made based on terminology starting with the word "token".

A thread (🧡) about my opinions, which are hopefully more uplifting. πŸ‘‡
[2/10] Let's start with a definition of "token" and see if we can locate a suitable statement in the #web.

What is a token ❓
❝ A crypto token is a representation of an asset or interest that has been tokenized on an existing cryptocurrency's blockchain. ❞ Source: https://101blockchains.com/wp-content/uploads/2022/
[3/10] Even if the distinctions are small, claiming that #XRP is a token is strictly incorrect since #XRP cannot be a token.

Because #XRP has no issuer, it cannot exist as a tokenized representation of anything. XRP XRP is the native cryptocurrency of the XRP Ledger. All
Read 11 tweets
Krippenreiter Profile picture
Feb 25
[1/12] To understand what else is needed to create a financial future based on #blockchain technology, just consider what the #Interledger #Protocol was NOT designed to do. πŸ˜‰

[A #Thread 🧡] Source: https://www.w3.org/2016/07/01-ILP-Update-2016-07-01.
[2/12] πŸ€” What problem does #ILP genuinely address?

Just like the #internet will never agree on a single #protocol to fix everything, the world will never agree on a single #blockchain or ledger [#DLT].

What must be resolved is:
πŸ”Ή Addressing
πŸ”Ή Fragmentation The Interledger
[3/12] ❗️ To make it easy and #ELI5-friendly here is everything in one picture:

When Alice wants to send money to @bob_way, #ILP will perform all the heavy lifting so she doesn't have to worry about #wallet addresses (#PubKeys) and the like. Source: https://www.w3.org/2016/07/01-ILP-Update-2016-07-01.
Read 14 tweets
Krippenreiter Profile picture
Feb 11
[1/🧡] A brief #thread on how to properly download and verify your newest #IOTA #Firefly Windows version. πŸ˜‰ Source: https://block-builders.de/iota-wallet-firefly-jetzt-
[2/10] You might be wondering why @iota doesn't allow you to download & upgrade the version via the client.

To be honest, this would definitely improve usability (#UX), but it would also need the user to trust the DL content.

That is precisely what we do not want with #crypto. Source: https://firefly.iota.org/
[3/10] Who knows whether the network path from #github to your PC wasn't intercepted and a man in the middle (#MITM) replaced your downloaded program with a slightly different one.

To ensure that the program you are installing is the one meant for you, verify the #hashes. πŸ‘€ Source: https://dev.to/pixiumdigital/cyber-security-introduc
Read 11 tweets
Krippenreiter Profile picture
Jan 22
[1/🧡] β€” #XRPL (#XRP) vs. @Ripple #CBDC β€”

A short thread comparing and contrasting the #opensource public #decentralized #XRPLedger with #Ripple's private #CBDC Ledger based on XRPLπŸ‘‡ Source: https://www.youtube.com/@xrpledgerfoundation1145
[2/6] ▢️ What do central bankers expect?

βœ… #Interoperability β€” ILP
❌ #Security, #Trust & #Speed β€” Unregulated
⚠️ #OverlayServices β€” Hooks and @EvernodeXRPL
βœ… #Access and #Inclusion β€” XRPL-DEX & AMM
βœ… #Stability & #Resilience β€” 10+ years old (XRPL) Source: https://www.youtube.com/@xrpledgerfoundation1145
[3/6] ▢️ Why does it have to be a private solution?

With proven security & all of the #XRPL Tooling at its disposal, the only thing a CB lacks is "control" of the gov. process.

Gov. on the #XRPL is conducted through amendments and voting, which cannot be controlled centrally. Source: https://www.youtube.com/@xrpledgerfoundation1145
Read 8 tweets
Krippenreiter Profile picture
Jan 15
[1/🧡] With all of the #XRPBuyback debate going on, there is one aspect that frequently gets misrepresented

▢️ People conflating the terms "#price" and "#value"

Because the definitions differ, it is essential to comprehend the distinctions

Let us evaluate it more closely. πŸ‘‡πŸ§΅ Source: https://block-builders.net/ripple-for-the-first-time
[2/19] To have a better understanding of the subject, we must first define several terms that are crucial to #finance and explain the following in further detail:

πŸ”Ή "Price"
πŸ”Ή "Cost"
πŸ”Ή "Value"
πŸ”Ή "Store of Value" (#Bitcoin/#BTC)
πŸ”Ή "Internet of Value" (#Ripple) Source: Source: https://www.newsbreak.com/news/2100245153873
[3/19] We will also go through the following scenarios to see whether what we think we are talking about is correct:

1⃣ The chart in reference to the #USD
2⃣ You are about to sell your #property Source: https://elmetbenefits.com/
Read 21 tweets

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