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Utility⚖️

@UtilityFTW

May 6

🪙🪙🪙🚨🚨🚨🚨🚨🚨🪙🪙🪙

❌ Peg #XRP to Gold - Not Possible ❌
✅ Peg #Gold to XRP - Possible ✅

Sounds crazy? Here is how it can be done...

🧵

I've expressed before that XRP's value cannot be tied to any particular asset/commodity. A decentralized digital currencies value is determined by the forces of supply and demand. However, what follows is a theoretical and speculative scenario, yet still plausible.

2/18

First of all, what got me into this train of thought was an article from late last year. Go ahead and read it to grasp some similarities in what I will explain. Essentially its a forced revaluation of gold driven by market oil prices.

3/18

kitco.com/news/2022-12-0…

Read 19 tweets

Utility⚖️

@UtilityFTW

Mar 19

🚨🔥THE WORLD WILL USE A NEW DIGITAL CURRENCY AS A NEUTRAL BRIDGE FOR GLOBAL CROSS-BORDER SETTLEMENTS🔥🚨

It will not be..
❌the Digital USD
❌the Chinese Digital Yuan
❌any PoS protocol

It will be..
✅BACKED BY NOTHING
✅100% neutral
✅#XRP and #XLM as global #stablecoins

🧵

The US Dollar has been the backbone of global monetary flow for decades.

In 1971, the US officially dropped the gold standard. This step "removes the underpinnings from the worlds money"

1/24

This change meant that the global payment currency no longer possessed any intrinsic value. Its value was solely derived from the confidence of the world's economies that the USD was secure and stable enough to be held and transacted with.

2/24

Read 26 tweets

Utility⚖️

@UtilityFTW

Mar 17

Most rational thinkers among us believe that #ISO20022 implementation will not lead to a pump in #XRP. I fully see the logic in that conclusion.

BUT WHAT IF... that is a manufactured narrative to keep us out before the "Big Bang"? This too could be logically argued.

"Just a messaging standard"

"Its been around since 2014"

Read 5 tweets

Utility⚖️

@UtilityFTW

Mar 17

#Metallicus/#Proton🤡

"unsafe or unsound banking practices
and violations"..."attempted to conceal excessive bonus payments" - FDIC

🔴Metallicus forms FBBT Holdings
🔴FBBT Holdings intends to acquire the State Bank of Nauvoo (SBN)

Short🧵...

businesswire.com/news/home/2023…

In 2020, the FDIC issued a Consent order on the State Bank of Nauvoo.

"NOTICE OF CHARGES AND OF HEARING detailing the unsafe or unsound banking practices
and violations of law or regulation alleged to have been committed by the Bank"

1/7

idfpr.illinois.gov/banks/cbt/Enfo…

As per the FDIC... "The public is also notified when a bank’s Consent Order is terminated"

I could not find a termination order so I assume that SBN is still under the Consent Order of 2020.

It looks like a family business with Tim and Ted Reinhardt taking the lead.

2/7

Read 9 tweets

Utility⚖️

@UtilityFTW

Mar 5

🔥🔥THE UTILITY THEORY: UNRAVELING THE PLAN🔥🔥

Zoom out and match Banking needs with Consensus Protocols 🤯

🔴 Not all Banks or Protocols are created equal
🔴 A plan decades in the making?
🔴 What will be seen cannot be unseen
🔴 Could it be any other way?

Long 🧵 ahead...

DISCLAIMER: I possess no expertise in the fields of cryptocurrency, banking or finance. The following is my personal opinion based on my understanding of the needs of different types of banks and logically deducing how digital assets with unique features can meet those needs.

Presupposition 1: There is a PLAN

To achieve any objective, planning is crucial. For decades, it has been anticipated that the system would collapse. They didn't hope on organic growth for a digital solution. They collaborated with the private sector to design a solution.

Read 29 tweets