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🧵Why did the powers behind Hinman want him to do this? @panosmek confirmed with David Schwartz @JoelKatz that XRP “was created to destroy the banks’ monopoly and disintermediate them. XRP was created as a better BTC for P2P transactions. For people, not banks.” 1/4 
We know from @digitalassetbuy that #ETHgate was when ETH, a competing crypto, was put forward and given a free pass by Hinman so the bankers could own & control it. It backfired bc it was expensive & slow technology, but Hinman still made ETH whales a LOT of money. 2/4
Ripple, Chris and Brad had to defend themselves against a corrupt gov agency. Don't forget, Hinman didn't write his own speech! It was written by people w financial interests who would benefit - ETH whales. The price skyrocketed in a split second after the speech. As planned. 3/4
This is the very behavior a decentralized, open source technology was created to prevent. This, and worse crimes, can no longer be hidden and controlled by the few against the populace. 🎉 4/4
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