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  1. >XRP will not be used
  2. Ripple’s mission is to connect the entire global banking and payments infrastructure via RippleNet, a decentralized network capable of real-time settlement at virtually no cost 24/7/365.
  4. To achieve this, Ripple’s strategy is two-fold:
  5. 1) First, they onboard financial institutions to use RippleNet, which saves them time and money, and allows them to give customers a better experience (without requiring XRP).
  6. 2) And then they’re given the option of using XRP, which saves them money by granting them access to On-Demand Liquidity (particularly useful for cross-border transactions), allowing them to reduce their costs and need for nostro accounts, making them more competitive against other financial institutions.
  8. Once XRP becomes a stable bridge asset worth 3 to 5 digits (and likely the world’s reserve currency), financial institutions will hold XRP instead of nostro accounts, since XRP will be the most liquid asset on Earth, capable of being traded for any other currency or asset at any time.
  10. --
  12. >XRP will never be $2000
  13. SWIFT moves around $5 trillion dollars per day. $5 trillion divided by 100 billion XRP = $50 dollars per XRP, and this is assuming that SWIFT owned all the supply.
  15. XRP will handle much more than SWIFT; it will eliminate the need for nostro accounts (worth $27 trillion), tap into the $2.7 quadrillion global transfer market, as well as interact with other blockchains and technologies. In other words, if XRP’s price was low, it wouldn’t be able to handle the trillions/quadrillions within its 100 billion coins.
  17. XRP will likely be pegged to precious metals and/or a basket of assets to make the price even more stable and liquid over time, likely by governments, central banks, and institutions like the IMF.
  19. --
  21. >XRP can’t go higher because of market cap
  22. Market cap is the multiplication of last trading price x circulating supply.
  24. In other words, someone could create a coin with a 100 billion supply and buy a few of the coins for $11 dollars and its market cap would exceed a trillion dollars. Does this mean that a trillion dollars have been pumped into the coin? No, not even a hundred dollars, yet its market cap is over a trillion. This simple example illustrates how naïve market cap discussions are when it comes to crypto.
  26. XRP’s price will be determined by utility, not by market cap. For example, SWIFT moves around $5 trillion dollars per day. $5 trillion divided by 100 billion XRP = $50 dollars per coin, and this is assuming that SWIFT owned all the supply. XRP is going after more than just SWIFT, it is going after a $2.7+ quadrillion market. Market cap means nothing.
  28. --
  30. >XRP is centralized
  31. XRP is more decentralized than Bitcoin. Why?
  33. Over 60% of Bitcoin’s mining happens in China; the CCP could do a 51% attack at any time. No country or player would build infrastructure on a network controlled by a single party.
  35. In contrast, the XRP network uses a technology called Consensus, which uses nodes ran by different governments, regulators, and trusted parties all over the world (Ripple themselves run less than 10%). In the future, even satellites will run nodes. To attack the network, more than 20% of the nodes would have to conspire and the network would simply pause until an 80% agreement were re-established. To accomplish a 20% Consensus attack would be harder than Bitcoin’s 51% attack, as it would require many parties to conspire and everyone in the network would know who the conspirators are. Furthermore, 80% agreement could be re-established even without the support of the 20% conspirators.
  37. In other words, while Bitcoin’s Proof of Work network is ruled by those with the most mining, no amount of mining or money would give a party control over the XRP network, even if they owned all of the XRP, which means that the XRP network is both fairer and more decentralized for all players. And beyond fair and decentralized, XRP is also anti-fragile; with nodes in satellites, it will continue to exist even if war or catastrophes happen.
  39. Consensus’ superior technology also allows XRP to move in seconds for less than a cent, with the ability to handle over 1,500 transactions per second, better than Bitcoin on all counts.
  43. --
  45. >The SEC case will take years / Ripple might lose
  46. Anyone who has been paying attention to the case knows that the SEC has been losing every step of the way, and that we’re very close to settlement or winning outright. Here are two articles with the details:
  48. 1)
  49. 2)
  51. Ultimately, the case will give XRP regulatory clarity, which will make it the first legal crypto in the world. This will allow the banks and all the major players to fully adopt the benefits of the ISO 20022 standard, which is planned to go live by the end of 2021. XRP will solve the liquidity crisis worldwide.
  53. In summary, the lawsuit was a show to shake out the weak hands, prevent people from buying, as well as provide regulatory clarity for XRP, so that it can be fully implemented into the new financial system.
  55. --
  57. >Ripple is losing
  58. Reminder that the SEC:
  59. - Hasn’t produced BTC/ETH documents ordered by judge
  60. - Hasn’t produced internal trading policies ordered by judge
  61. - It’s objecting to deposition of ex-SEC Director Hinman by Ripple
  62. - It’s risking precedent if it loses; major blow to future lawsuits
  63. - Funds through settlements; Ripple has money to fight and win
  64. - It’s being exposed everyday by the public and even gov officials
  66. --
  68. >No banks/governments will use public ledgers
  69. Ripple already offers private versions of the XRP ledger to banks/governments that connect seamlessly to the public XRP ledger, using the same native XRP token. The private ledgers offer banks/governments a secure, controlled and flexible solution for the issuance and management of digital currencies.
  73. --
  75. >XRP will never replace the dollar; the government won’t allow it
  76. Ripple’s goal is not necessarily to replace the dollar as the reserve currency, rather it is to act as a bridge asset between all currencies (CBDCs) and any other asset, which is a bigger role than the dollar plays today.
  78. To say the US government won’t allow it forgets that many of Ripple’s employees were top government officials from finance, intelligence, military, and other branches. Most recently, the 43rd US Treasurer Rosie Rios joined Ripple; her signature is on all bills in circulation. Ripple also has ex-Federal Reserve employees, as well as top bankers from JP Morgan, Goldman Sachs, Morgan Stanley, Lehman Brothers, HSBC, and so on. One could argue that Ripple is a front for the US government and central banks to upgrade the system.
  80. --
  82. >The NWO will never use XRP
  83. Globalization requires globalized data (internet), globalized goods (logistics), and globalized money (XRP). Globalization is achieved by consent; people will globalize if it solves their problems.
  85. XRP enables a person from Africa to send $0.50 cents to a person from the US as easy as sending an email—in seconds and for free. The person in Africa pays in whatever currency or asset they want, the person in the US receives in whatever currency or asset they want. Trade naturally removes borders.
  87. XRP is the last piece of the puzzle for a global society. Without XRP there is no NWO/Great Reset.
  89. --
  91. >The NWO can just create XRP 2.0
  92. False. Ripple owns the patents that give them monopoly over the US for at least the next 15 years. An XRP 2.0 would require Ripple’s permission to use their patents, as well as years of testing for the token to be trusted globally.
  94. If Ripple allowed such a token to use their patents, their 55 billion escrowed XRP would automatically become worthless, and many of their executives would probably end up in jail from the relentless lawsuits. XRP 2.0 would be globally rejected by the public, and the betrayed community and developers would create competing XRP-like networks which would threaten the NWO.
  96. --
  98. >XRP can be replaced by an IOU on the XRPL
  99. - XRP is trustless; no nostro accounts needed
  100. - XRP can’t be frozen/censored like IOUs
  101. - XRP is neutral and jurisdictionless
  102. - XRP has the best liquidity and costs
  103. - XRP has active developers/community
  104. - XRP has more use cases; reaches a larger market
  105. - XRP will have the regulatory clarity to operate around the world
  106. - XRP automatically bridges transactions
  108. --
  110. >XRP vs CBDCs
  111. - XRP is trustless; no nostro accounts needed
  112. - XRP can’t be frozen/censored
  113. - XRP is neutral and jurisdictionless
  114. - XRP has the best liquidity and costs
  115. - XRP has active developers/community
  116. - XRP has more use cases; reaches a larger market
  117. - XRP will have the regulatory clarity to operate around the world
  118. - XRP automatically bridges CBDCs
  120. --
  122. >Ripple picks the validators
  123. False. Ripple simply shares a recommended Unique Node List (UNL), which other users can choose to trust or not. Everyone is free to create their own UNL and choose who they trust. If a party abuses their power, other users can simply remove the party’s validators from their UNLs and rely on other validators that more closely represent their interests. The network simply needs to have 80% agreement between trusted validators, or it pauses until agreement is re-established.
  125. Eventually, Ripple intends to remove itself from this process entirely by having network participants select their own lists based on publicly available data about validator quality. Anyone can run a validator for as little as $20 dollars a month. In the future, even satellites will be running validators, making the network virtually indestructible.
  127. --
  129. >Running a validator is expensive
  130. False. Running an XRP validator/node costs as little as $20 dollars a month. Anyone can do it, and anyone can created their own UNL too.
  134. --
  136. >Ripple can just print more XRP, unlimited supply
  137. No more XRP can be created:
  139. 100 billion is the total supply and it will decrease over time as drops of XRP are burned in each transaction.
  141. --
  143. >What about the escrow
  144. Chances are the escrow has already been “sold” via option contracts to all the players under NDAs; so as soon as XRP is declared The Standard™, the central banks and all the major players will already have their stacks reserved for pennies.
  146. XRP’s escrow is the same reason why The Standard™ won’t be XLM; because the banks don’t have their piece of the pie reserved. This is also why XLM is given for free for solving quizzes on Coinbase—because it is meant for plebs.
  148. --
  150. >Ripple can freeze your coins
  151. No one can freeze XRP because XRP is the ledger’s native asset and has no issuer. Only non-native assets can be frozen by the issuers.
  153. --
  155. >Ripple dumps on retail
  156. Ripple sales in Q1 2021 only accounted for 0.07% of global volume and were driven by demand for ODL:
  158. >No one is using ODL
  159. False. ODL demand continues to grow despite the SEC lawsuit, with new corridors and partnerships happening every week. In 2020, ODL had a 12x growth according to Ripple’s Q4 report. Further, the more XRP’s price increases, the more useful ODL will become to all institutions, particularly banks which need to move billions/trillions every day.
  161. >Ripple paid to increase adoption
  162. Yes, Ripple used to sell XRP at discounts in the past to increase adoption; these sales would come with restrictions to minimize possible dumping on the market. Today, all their sales happen at market value.
  164. >Most of Ripple’s revenue comes from selling XRP
  165. Obviously, because demand for XRP/ODL continues to increase, just like an oil company would get most of its revenue from selling oil. Once Ripple stops selling or decreases their sales of XRP, most of their revenue will come from RippleNet users and whatever other services they will offer by then.
  167. >ODL is more expensive than alternatives
  168. False. Even if XRP was $10,000 USD, transactions fees would only cost 1 cent, and because of its 3-second settlement time, XRP has less volatility/risk/cost than alternatives.
  170. --
  172. >Use cases for Songbird/SGB
  173. - Testing/Development for Flare with real money/stakes
  174. - Showcase for improvements/proposals/ideas for Flare
  175. - Platform to easily incentivize community participation
  176. - Scarce 15b supply participants/devs will have to buy
  177. - Protection/Innovation layer to the Flare Network
  179. --
  181. >XLM/Stellar
  182. - Can’t compete with Ripple’s ex-gov/ex-fed/ex-banker employees
  183. - No escrow to share pieces of the pie with the banks/players
  184. - Given for free on Coinbase for completing quizzes
  185. - Meant for the plebs/public, not banks
  186. - 5 secs settlement; only 250 TPS
  187. - Possibly not ISO 20022; not on official lists
  192. --
  194. >HBAR/Hedera
  195. - Not ISO 20022; the new financial system requires ISO
  196. - Centralized with council members who make all the rules
  197. - Council can vote to create additional tokens at any time
  198. - Weak PoS security; attackable by staking 1/3 of supply
  199. - Hedera has to pay 10% lifetime fees to Leemon/Swirlds
  200. - TPS is not 10,000+, real testing only achieved 1,372 TPS
  204. In contrast, XRP is ISO 20022, decentralized (Ripple owns < 10% of nodes), anti-fragile (nodes will run on satellites, outliving mankind), no more coins can be created, TPS is 1,500+ scalable to unlimited via payment channels.
  206. --
  208. >CSC/CasinoCoin
  209. - Incorporated in Isle of Man; aka no refunds
  210. - Not a stablecoin; aka unnecessary price risk for users
  211. - KYC doesn’t need a token; also, CBDCs already come with KYC
  212. - CSC doesn’t have any use cases or reasons for price appreciation
  213. - XRP allows casinos to get paid/receive in any asset; CSC token not needed
  214. - Casinos can issue their own tokens and have full control on the XRPL, no need for CSC
  216. --
  218. >ADA/Cardano
  219. - Not ISO 20022; the new financial system requires ISO
  220. - Proof of Stake; easy to 51% attack by printing money
  221. - Years of “development” still no smart contracts
  222. - CEO vaxxed and possibly honeypotted
  223. - CEO also very thin skinned/naïve
  224. - No use cases outside Somalia
  225. - Still no instant finality in 2021
  226. - Not even 1,000 TPS
  228. --
  230. >EOS
  231. - Not ISO 20022; the new financial system requires ISO
  232. - Proof of Stake security (money); easy to corrupt/attack
  233. - Made for smart contracts, not to act as a bridge asset
  235. --
  237. >BTC
  238. - Over 65% of the mining centralized in China
  239. - Would cost less than $10 billion to attack
  241. - Slow 10+ min transactions
  242. - Expensive $10+ fees
  243. - Laughable 2-16 TPS
  244. - Dependent on marketing to survive
  245. - Will collapse as soon as it loses #1 spot
  247. --
  249. >I’m not paid to fud
  250. Ever since Ripple/XRP launched in 2012 people have been paid to fud.
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