Here’s a way forward for Ripple, in order to settle with the SEC:

Register #Ripple as a publicly-traded company, offering legal $XRP stock. (As an olive branch, offer free shares to everyone who has owned $XRP #cryptocurrency, as Uniswap did with $UNI.) Create a new token called XBP (which stands for Cross-Border Payments) that takes the place of XRP. It should only be available to institutions that use it for payments, not retail investors. Denominating this in $USD would probably be a smart political move.

Thread 🧵 on Ripple $XRP

#Ripple is a cryptocurrency, which aims to enable “fast, scalable, and stable”and nearly free cross-border payments of any size with no chargebacks through their real-time gross settlement system (RTGS), currency exchange, and remittance network. First released in 2012, #Ripple fundamentally differs from #Bitcoin.
#BITCOIN relies on a network of “miners” who run code that validates transactions and keeps the network secure. The network incentivizes the miners by rewarding them with bitcoins as incentives.

Fairbrix and Litecoin are two very similar coins. They have the same proof-of-work, a similar launch date (2011) and the same creator: Charlie Lee. Both of these coins were based off of Tenebrix, which was an altcoin launched in 2011 using a then-new proof-of-work algorithm, Scrypt and a slightly faster block time versus Bitcoin’s 10 minutes.

Tether is the internal accounting system for the largest fraud since Madoff.”
Earlier in 2022, in the wake of the Luna/USDT their May 2022 attestation showed that, even if one believes the contents of the attestation, they again went insolvent and required recapitalization. Tether is required to produce a quarterly attestation showing the state of their reserves because they settled with the NYAG in 2021. The NYAG confirmed most of the allegations us Tether skeptics had been making.

🧵#Bitcoin has value because it’s decentralized digital money.

It has a stock/flow ratio that continues to increase and a scarcity enforced by a highly credible monetary policy that no physical asset can ever have -stock to flow is a fundamental measure of value for Bitcoin, which makes sense as Bitcoin is really decentralized.

Altcoins are a different story. They all lack the one major innovation that Bitcoin has: decentralization.

SBF acted with intent, there is so much more that will come out.

It was verifiable that Alameda and SBF would dumped the tokens they were invested in on the market.

FTX was set up as a piggy bank to dip into customers deposits and do what they wanted, this dude bought… -penthouses donated millions to the Democratic Party and lived a extravagant life

He was hard criminal! @GaryGensler is completely compromised.
The fals assumption that got us into this mess is that we think powerful people and wealthy people are smarter and know what they..

I think I’ve come to understand that everyone is aware of what’s happening in crypto and those close enough to VCs Maraket makers and exchanges are making a killing as well as the average investor lucky enough to ride the wave. They don’t complain about the fraud or misappropriations until something big happens and they lose money like with the FTX saga. And then there is a rally and the same shot is repeated. What this means I don’t know Poznań scheme’s can last for decades before they collapse. It will take the realization that

Last September, Chicago-bound trading giant Jump Trading made a widely publicized crypto push by investing in decentralized exchange Serum, on #Solana.
Serum and Jump had inked a deal for an undisclosed amount that would see the outfit provide the liquidity…, necessary to make Serum-powered platforms like Mango Markets usable.
Since then, #Tether has issued Jump:
$1.1 billion in $USDT on Solana this year,

equal to almost 99% of all #USDT that exists on that blockchain.

#TETHER distributed $108.5 billion in USDT,

received $32.7 billion in $USDT in that same period,

sent a staggering majority of $USDT directly to market makers and liquidity providers. Some of these entities maintain crypto exchanges; the data presented here relates specifically to their operational addresses as companies.

1. What can kill #crypto it’s the over hyper politicization to push the narrative toward a particular agenda web 3 is a reprieve we don’t want you to push your politics we are a #crypto we are #NFT we are #web3 and when you push our space towards politics then you fuck shit up 2. We also don’t know what is about to happen there are 2 groups 1 groups that loses money and try and get mass adoption to gain back their losses and another group that says let’s chill let’s look at things a bit closer find out what is happening and try to improve things!