The coming utility bull run is not a pump and dump

I don't present things as facts unless I understand them. My knowledge of the XRPL comes from reading David Schwartz, Nic Bougalis, and Brad Garlinghouse. I don't know what YouTube or Twitter expert has given you the impression the burn is going to drive price, but I get my information from the people actually steering the ship.

It's all open source. There is nothing stopping anybody from cloning it. Just ask Jed McCaleb, who essentially forked XRP to make XLM. The value of Ripple is the time and skill with the XRPL, but eventually many of the players may also have in-house XRPL devs if they use it. It's important to keep XRP and the XRPL as distinct products in your mind even though they're tied together.

Minting a token on the XRPL takes about 15 minutes and $20. Things like supply are customizable. Individually minted tokens on the network function on the XRPL by default. There have literally been dozens of them minted by XRP community members and many are now listed on Bitrue. It can be done with Xumm and I believe it may require an Xapp or the toolkit. There are votes required for some things, but it isn't an automatic validator vote. Transactions could be refused, but if you go around refusing transactions for no reason you're no longer a neutral bridge. It would be a fundamental contradiction of their product's intended utility.

There is nothing stopping central banks from minting their own CBDCs on a private XRPL ledger, as Schwartz himself has suggested and is currently working on, then using XRP simply as the bridge between the various CBDC ledgers and assets. The superficial .00012 burned is irrelevant in the grand scheme of things and it was never a mechanism to drive demand or price, unless you disagree with the founders. Nevermind that as price goes up the burn will have to adjust down. At $10k/XRP the current price would be around $1.20 per transaction, which multiplied by many millions of transactions a day isn't feasible. At $10k the burn would need to drop to something like .0000000012 to be comparable in $ cost to current price. That isn't going to drive upward price action when you have 100,000,000,000 tokens to divide by a .0000000012 burn. The dynamic burn is so that XRP CAN scale to a higher price, not to CAUSE it to appreciate.

Integrating a different asset outside the XRPL ecosystem is harder and requires devs. A token minted on the XRPL, which is likely how CBDCs are made in the event they use it, requires no validator vote to exist. The entire point of a neutral bridge is that it is basechain agnostic for interoperability. XRPL allows them all to exist on the same ledger and XRP allows them to move between assets cheaply. Flare will also allow tokens integrated into their network to move on the XRPL as F assets. This will hopefully open derivatives eventually.

You obviously think you know everything already so I'll stop participating in your threads. Your idea about the transaction fee driving price or value is like investing in Amazon because you expect to profit off shipping fees. It ignores that the devs can work around this issue. It misses the whole point, which is the value of the infrastructure and low fees. I don't really care if you don't understand it fully and plenty of people will get rich without ever understanding, but it's embarrassing when a self-appointed emissary of a project I'm invested in makes such an asinine argument that it defies the whole purpose of the underlying asset.

Did my short post go right over your fucking head?

One I never said anything about driving the price of XRP because that was not part of the conversation

I explained earlier that price discovery is determined via the velocity of transactions on the network


And if you knew any better sort of what you are arguing to me about is what sovereign countries are doing

They want their own private ledger on the XRPL. They want their transactions to be private

What David Schwartz calls walled gardens.

All of the transactions on their walled garden burn XRP. So that means they need to HOLD XRP. Meaning making XRP even more scarce.

Not including liquidity for the derivatives market .. The XRP utility is to facilitate HPVs, high value payments or wholesale CBDCs and essentially work with the legacy SWIFT network

SWIFT facilitates 5 Trillion A DAY

So what does XRP do?

XRP is the bridge asset that connects each sovereign CBDC or walled garden… when they interact together

Without XRP the XRPL is useless

Now STFU read my thread and learn something

And stop posting bullshit on this thread.. We migrated to a new one..

Am I mad .. yes .. because you didn’t read my thread where I have explained this and you make me waste my time explaining it again

Fix yourself

How many nodes are on the theta net?

Currently there are over 125,000 edge nodes.
You can operate a physical machine guardian node at home, or stake at a delegated guardian node, which I do at GPOOL.

And there's a maximum of 31 validator nodes. (the big boys like Samsung, Sony, Google, Binance all run validator nodes)

[link to docs.thetatoken.org (secure)]

[link to docs.thetatoken.org (secure)]


[link to www.thetatoken.org (secure)] (scroll down on the page, to the bottom)



Last Edited by Butch DeFeo on 05/29/2022 04:49 PM

Yup way too centralized to do anything with major value like liquidity tokens.

THETA is a lot centralized, but is making changes to become more decentralized. It is a goal. For example, the number of validator nodes has gone up, and it costs less to buy INTO a validator node. So that is a step towards decentralization.

However, enough people value THETA at this point, to where major purchases could be used with it, and will be.

I would accept THETA in payment. Others would also.

The singer Katy Perry sold a stage prop for $601,000 worth of TFUEL, which is the gas coin for THETA NETWORK, through the THETA NFT platform.

https://twitter.com/_/status/1476309651314679816

PS I'm not really sure how many nodes of various types THETA has.

Is this site up to date and correct??: [link to guardianmonitor.io (secure)]

Last Edited by Butch DeFeo on 05/29/2022 05:32 PM

Gas coin? Ugh. What is this? ETH?

In my opinion, “gas” is what will kill any crypto and is the number one reason why I will always pass up any ERC20 opportunity. I had ERC20 tokens. I thought they were cool, until I tried to send them to cold storage, or back into an exchange.

Imagine needing to give the grocery store 5 pesos in order to pay your $100 grocery bill.

Or needing to pay an additional 5 francs just to pay your $50 gas bill when filling up your car.

It’s a small amount, sure, but it’s inconvenient to have to keep two (or more) currencies in your pocket to settle a debt.

When I transfer XRP or XLM around, I don’t have to keep some stupid 3rd party token in my back pocket just to give them liquidity.

To me, that is a winner.

Any ERC20 in my portfolio is only there by accident and will be sold (not transferred) immediately.

That is why I think XLM and XRP are the winners.

You missed out.the point.that govs will want 100% of control over their token. btc, ETH, XRP. Aren't candidates. They're going to get shredded when it comes time to regulate it like.they do fiat currency.

I think the basic idea is that the govs will have 100% control over their token.

They will still trade with each other. Then instead of the USA (or equivalent) token being used as reserve, instead there will be a bridge.

That bridge of seamless or/and frictionless exchange of value amongst sovereign nations with 100% control over their token is what is being discussed here.

I think it's being said that this bridge would be XRP.

No, you missed the point

Not only is XRP a candidate, it’s the only candidate for it’s specific use case of facilitating wholesale CBDCs

Read the thread

It is the THETA NETWORK, which operates on a system COMPATIBLE with Ethereum. (you use Ethereum software with a hardware wallet to access your THETA blockchain address).
HOWEVER, EXTREMELY little of THETA's gas coin, TFUEL, is needed to pay for a transaction. Compared to Ethereum, THETA is MUCH MUCH less expensive to do a transaction, and it is MUCH FASTER than Ethereum.

Last Edited by Butch DeFeo on 05/30/2022 11:45 AM

This is correct

xerp derps

Which one of you is Loopay? If you listened to him at start of last bull run you’re prob not too happy that you did.

this thread is about utility assets not speculative assets

I am not a speculative trader and do not advise it.

The R in XRP stands for "retard".

No it stands for

Xtremely Rich People
Xtra early Retirement Plan

Go shill theta somewhere else
Proof of work is going bye-bye!

Snort

Theta is proof of stake

If you give people one bum steer, you have to give them more. Your reputation is at steak.

It is Bull shit.

This is one of the best posts i`ve read in about, let`s say 10 years!!!! Nailed it!!! TNX

Come back to this thread in 6 months & see

I am up 46% in a few weeks with my x r p

Not that it matters, as price is irrelevant until it is actually being utilized. There are over 10,000 crypto projects and maybe 10 of them are worth researching & investing in. ISO2022 compliant tokens for example

Payments is the biggest market that useful digital assets are targetting. Do you have any idea how much $ is sent around the world every day & how inefficient payment systems are?

The reason employees get paid every 2 weeks is because the system takes days to process it all...

eXtra early
Retirement
Plan

Forget lambos, those who invest in X r P are smart visionaries who will make this world a better place

Welcome to the Age of Aquarius
Brotherhood