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Jun 3rd, 2021
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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.
  3.  
  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.
  7.  
  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.
  9.  
  10. --
  11.  
  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.
  14.  
  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.
  16.  
  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.
  18.  
  19. --
  20.  
  21. >XRP can’t go higher because of market cap
  22. Market cap is the multiplication of last trading price TIMES circulating supply.
  23.  
  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.
  25.  
  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.
  27.  
  28. --
  29.  
  30. >XRP is centralized
  31. XRP is more decentralized than Bitcoin. Why?
  32.  
  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.
  34.  
  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.
  36.  
  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.
  38.  
  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.
  40.  
  41. https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger
  42.  
  43. --
  44.  
  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:
  47.  
  48. 1) https://www.forbes.com/sites/roslynlayton/2021/04/08/in-the-ripple-case-the-sec-is-now-on-trial--and-knows-it
  49. 2) https://www.forbes.com/sites/roslynlayton/2021/05/18/we-need-a-ripple-test-to-stop-the-secs-overreach-on-cryptocurrency
  50.  
  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.
  52.  
  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.
  54.  
  55. --
  56.  
  57. >No banks/governments will use public ledgers
  58. 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.
  59.  
  60. https://ripple.com/insights/ripple-pilots-a-private-ledger-for-central-banks-launching-cbdcs
  61.  
  62. --
  63.  
  64. >XRP will never replace the dollar; the government won’t allow it
  65. 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.
  66.  
  67. 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.
  68.  
  69. --
  70.  
  71. >The NWO will never use XRP
  72. 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.
  73.  
  74. 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.
  75.  
  76. XRP is the last piece of the puzzle for a global society. Without XRP there is no NWO/Great Reset.
  77.  
  78. --
  79.  
  80. >The NWO can just create XRP 2.0
  81. 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.
  82.  
  83. 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.
  84.  
  85. --
  86.  
  87. >XRP can be replaced by an IOU on the XRPL
  88. - XRP is trustless; no nostro accounts needed
  89. - XRP can’t be frozen/censored like IOUs
  90. - XRP is neutral and jurisdictionless
  91. - XRP has the best liquidity and costs
  92. - XRP has active developers/community
  93. - XRP has more use cases; reaches a larger market
  94. - XRP will have the regulatory clarity to operate around the world
  95. - XRP automatically bridges transactions https://xrpl.org/autobridging.html
  96.  
  97. --
  98.  
  99. >XRP vs CBDCs
  100. - XRP is trustless; no nostro accounts needed
  101. - XRP can’t be frozen/censored
  102. - XRP is neutral and jurisdictionless
  103. - XRP has the best liquidity and costs
  104. - XRP has active developers/community
  105. - XRP has more use cases; reaches a larger market
  106. - XRP will have the regulatory clarity to operate around the world
  107. - XRP automatically bridges CBDCs https://xrpl.org/autobridging.html
  108.  
  109. --
  110.  
  111. >Ripple picks the validators
  112. 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.
  113.  
  114. 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.
  115.  
  116. --
  117.  
  118. >Running a validator is expensive
  119. 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.
  120.  
  121. https://xrpl.org/technical-faq.html
  122.  
  123. --
  124.  
  125. >Ripple can just print more XRP, unlimited supply
  126. No more XRP can be created: https://twitter.com/JoelKatz/status/934752544013803521
  127.  
  128. 100 billion is the total supply and it will decrease over time as drops of XRP are burned in each transaction.
  129.  
  130. --
  131.  
  132. >What about the escrow
  133. 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.
  134.  
  135. 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.
  136.  
  137. --
  138.  
  139. >Ripple can freeze your coins
  140. 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.
  141.  
  142. --
  143.  
  144. >XLM
  145. - Can’t compete with Ripple’s ex-gov/ex-fed/ex-banker employees
  146. - No escrow to share pieces of the pie with the banks/players
  147. - Given for free on Coinbase for completing quizzes
  148. - Meant for the plebs/public, not banks
  149. - Possibly not ISO 20022; not on official lists
  150.  
  151. https://www.iso20022.org/registration-management-group-member-list
  152. https://www.iso20022.org/payments-seg-member-list
  153.  
  154. --
  155.  
  156. >HBAR
  157. - Not ISO 20022; the new financial system requires ISO
  158. - Centralized with council members who make all the rules
  159. - Council can vote to create additional tokens at any time
  160. - Weak PoS security; attackable by staking 1/3 of supply
  161. - Hedera has to pay 10% lifetime fees to Leemon/Swirlds
  162. - TPS is not 10,000+, real testing only achieved 1,372 TPS
  163.  
  164. https://finance.yahoo.com/news/adsdax-achieves-1372-tps-hedera-120046997.html
  165.  
  166. 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.
  167.  
  168. --
  169.  
  170. >ADA/Cardano
  171. - Not ISO 20022; the new financial system requires ISO
  172. - Proof of Stake; easy to 51% attack by printing money
  173. - Years of “development” still no smart contracts
  174. - CEO vaxxed and possibly honeypotted
  175. - CEO also very thin skinned/naïve
  176. - No use cases outside Somalia
  177. - Still no instant finality in 2021
  178. - Not even 1,000 TPS
  179.  
  180. --
  181.  
  182. >EOS
  183. - Not ISO 20022; the new financial system requires ISO
  184. - Proof of Stake security (money); easy to corrupt/attack
  185. - Made for smart contracts, not to act as a bridge asset
  186.  
  187. --
  188.  
  189. >BTC
  190. - Over 65% of the mining centralized in China
  191. - Would cost less than $10 billion to attack
  192. https://braiins.com/blog/how-much-would-it-cost-to-51-attack-bitcoin
  193. - Slow 10+ min transactions
  194. - Expensive $10+ fees
  195. - Laughable 2-16 TPS
  196. - Dependent on marketing to survive
  197. - Will completely collapse as soon as it loses #1 spot
  198.  
  199. --
  200.  
  201. >I’m not paid to fud
  202. Ever since Ripple/XRP launched in 2012 people have been paid to fud.
  203.  
  204. https://bitcointalk.org/index.php?topic=145506.0
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