I'm here to learn with the rest of you and from the rest of you... if I butchered anything in my explanation, please do mention it in the comments section. Due diligence is integral to being able to hold through price fluctuations and understanding the big picture of thangs...
I really enjoy your content especially because you voice out your concerns and worries in a healthy manner, while most other crypto channels just only focus on shilling news. I have always been concerned about the long term ethics of Ripple and for them to be responsible with ensuring that XRP is the dominant player for all their use cases. I am glad you brought that up in this video. Also, I can't wait until I see the day when you have over 1 million subscribers. You deserve it!
Thank you for posting! I need guidance: My TRX Wallet holds some Tether, and I possess the seedphrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How can I proceed with transferring them to Kraken?
Your video is a breath of fresh air. My question is that if cross-boarder payments can be done with RLUSD why will the institutions buy or use XRP? The answers I have gleened are that xrp will fill a use that RLUSD does not. What are these uses? It seems to me that RLUSD is going to replace XRP? Please can someone convince me that I am wrong.
Next question is how many validators are there and who controls these validators? One question leads to more lol. Thanks for answering many of these questions.
@ As of October 2024, there are more than 150 validators on the XRP network, with over 35 on the default Unique Node List (UNL). Ripple only runs one of these nodes. The XRP network uses a network of validator nodes to verify transactions and ensure the integrity of the ledger. The XRP Ledger's decentralization strategy has been ongoing since 2012. The strategy includes diversifying validators by identity, location, hardware, and software to reduce the risk of a single point of failure. Unlike other decentralized ledgers, the XRP Ledger does not offer a direct economic incentive for running a validator
Unsure why XRP vids are coming up but glad I watched but you were saying if Blackrock owned 80% of Bitcoin then it wouldn't be truly Decentralized which is untrue the reason why Bitcoin IS Decentralized is due to the amount of Computing power for a 51% attack or in the case of Cardano they would have to Own 51% of ADA & due to how Cardano nodes work they would have to run a number of Nodes making it almost impossible to 51% attack while XRP is fully Centralized as no one can Stake XRP to secure the network in Nodes & you can't spin up a computer to help with transactions you can't have Speed, Security & Decentralization XRP have the first 2 but luck Decentralization but your vids are a great way of getting the XRP message out there keep it up mate
Thanks for the thoughtful comment, but I do have to push back a bit... it's not just network distribution and decision-making that makes a crypto decentralized, it is also the economic ownership distribution - if Blackrock owned 80% they would have tremendous influence over the economics of it and it would certainly not be considered classically decentralized.
Appreciate it for publishing this! Looking for help: My Crypto Wallet holds some USDT, and I possess the recovery phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How should I handle transferring them to my Binance account?
RLUSD is only a bridge asset for the purpose of putting a tokenised version of the dollar onto the XRPL blockchain so as to put it into a format such it is then enabled to move across the blockchain. XRP is the native asset that sits on this same blockchain and is that which carries the stable coin (aka CBDC) across the chain to the other side. XRP is the plumbing that carries the water or the cabling that carries the electricity. Likewise the different stable coins are the water or electricity that travel through and by way of them. Therefore a stable coin cannot replace XRP and neither can there be another XRP as the utility & protocol for the one that exists is set. XRPL is compatible only to run and function with its native asset XRP and vice-versa. Please don’t confuse yourself or others about this 🧙♂️
Hopefully the Ripple team is wise enough to understand that the backing of the community is vital to the success, but if they only start getting focused on the bottom line, they may lose sight of that. Time will tell the tale!
I did mention this, but a healthy portion is put back in escrow because they don't use up the billion. They usually don't even come close from the research I've done 🙌
The holdings have changed over time, for instance Jed McCaleb has sold off his holdings already nearly entirely, some of the others still have a ton including Garlinghouse...
16:55 The Ripple CEO is a self-proclaimed capitalist whose target demo is institutional money. Retailers have every right to be concerned because they have been clear about the fact that we are not a priority. If you are a retailer holding XRP... your ability to attain wealth from holding XRP will be based on your own discernment and due diligence.
Due diligence is crucial to holding any investment - problem is for the non-tech savvy folks, it's tricky to fully understand XRP and Ripple's offerings unless you're really neck deep into finance and blockchain. The learning curve is as steep as it gets for some unfortunately. Hopefully these easy-to-understand educational vids help some.
@ I know what you mean. I’m sure it’s complicated by design because at the end of the day it’s still a zero sum game being played involving finite tangible assets. Package it however you want. My only concern is protecting my interest while learning how to play and master the game myself. Thank you for sharing your content. 💪🏾🫡
I came here knowing absolutely nothing about xrp, and based on your information, I wouldn't put more than $300 in it. Maybe I'll fomo and drop $500. Everything you said about it sounds like complete garbage . For somebody who loves and understands Bitcoin, this is the complete opposite. Why call it crypto to begin with, if Ripple can control it however they want ? The ONLY use case for a crypto project is to eliminate the middle man. This is not crypto. I understand it's a good project, good prospects, partnerships, adoption etc. But it's not crypto, and if Ripple doesn't show to have bad intentions for now, It's not going to be necessarily the case in the future
I'm here to learn with the rest of you and from the rest of you... if I butchered anything in my explanation, please do mention it in the comments section. Due diligence is integral to being able to hold through price fluctuations and understanding the big picture of thangs...
Do u live stream?
Spectacular and thorough video. Thank you for the deep dive this was awesome!
Thanks for appreciating the channel! 🙏🙌🥂
I really enjoy your content especially because you voice out your concerns and worries in a healthy manner, while most other crypto channels just only focus on shilling news. I have always been concerned about the long term ethics of Ripple and for them to be responsible with ensuring that XRP is the dominant player for all their use cases. I am glad you brought that up in this video. Also, I can't wait until I see the day when you have over 1 million subscribers. You deserve it!
Thanks a ton for the encouragement 🙏🙌
Love your videos/style man! Great analysis! Keep up good work!
Thanks for taking a moment to appreciate - these take a long time to make and I often wonder if they're actually helpful : )
Yet another awesome think piece 🎉 I pray u much success in life!
Wow thank you kindly! 🙏🙌🥂
Another great video!
Thanks for the kind words 🙏🙌
Great video, thanks !!
Glad you found it to be helpful!
Really awesome explanation thank you
Thanks for appreciating the content and taking a sec to comment!
Mad respect to you. Good man.
Thanks for this bro!
Comments like this mean a lot to me, this takes a ton of time and effort 🙏🙌
Thank you for posting! I need guidance: My TRX Wallet holds some Tether, and I possess the seedphrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How can I proceed with transferring them to Kraken?
Your video is a breath of fresh air.
My question is that if cross-boarder payments can be done with RLUSD why will the institutions buy or use XRP?
The answers I have gleened are that xrp will fill a use that RLUSD does not.
What are these uses?
It seems to me that RLUSD is going to replace XRP?
Please can someone convince me that I am wrong.
I dedicated a whole video to this topic of RLUSD... check the video library 👍
Thanks for the knowledge! 🧠
Next question is how many validators are there and who controls these validators? One question leads to more lol. Thanks for answering many of these questions.
I answered that in my last video on XRP Ledger Consensus Protocol 🙌🥂
@
As of October 2024, there are more than 150 validators on the XRP network, with over 35 on the default Unique Node List (UNL). Ripple only runs one of these nodes.
The XRP network uses a network of validator nodes to verify transactions and ensure the integrity of the ledger. The XRP Ledger's decentralization strategy has been ongoing since 2012. The strategy includes diversifying validators by identity, location, hardware, and software to reduce the risk of a single point of failure.
Unlike other decentralized ledgers, the XRP Ledger does not offer a direct economic incentive for running a validator
This answers how many validators there are. But who are they and if there is no incentive to validate why are they there?
@annonymoushuman25 i do answer that in the video, lol watch it... the one about XRP Ledger Consensus...
Great video
Thanks for appreciating the content!
Unsure why XRP vids are coming up but glad I watched but you were saying if Blackrock owned 80% of Bitcoin then it wouldn't be truly Decentralized which is untrue the reason why Bitcoin IS Decentralized is due to the amount of Computing power for a 51% attack or in the case of Cardano they would have to Own 51% of ADA & due to how Cardano nodes work they would have to run a number of Nodes making it almost impossible to 51% attack while XRP is fully Centralized as no one can Stake XRP to secure the network in Nodes & you can't spin up a computer to help with transactions you can't have Speed, Security & Decentralization XRP have the first 2 but luck Decentralization but your vids are a great way of getting the XRP message out there keep it up mate
Thanks for the thoughtful comment, but I do have to push back a bit... it's not just network distribution and decision-making that makes a crypto decentralized, it is also the economic ownership distribution - if Blackrock owned 80% they would have tremendous influence over the economics of it and it would certainly not be considered classically decentralized.
Appreciate it for publishing this! Looking for help: My Crypto Wallet holds some USDT, and I possess the recovery phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How should I handle transferring them to my Binance account?
XRP GOING TO BE HUGE 💪🏽 LITERALLY THE WHOLE WORLD TALKING ABOUT XRP
PEOPLE WHO DONT EVEN KNOW WHAT CRYPTO IS
BUYING INTO XRP
Dude you should do a deep dive on cardano. They just surpassed 1million TPS! Insane!
I do have some ADA 🥂🙌
Why have 1m tps when they only need 500
RLUSD is only a bridge asset for the purpose of putting a tokenised version of the dollar onto the XRPL blockchain so as to put it into a format such it is then enabled to move across the blockchain. XRP is the native asset that sits on this same blockchain and is that which carries the stable coin (aka CBDC) across the chain to the other side. XRP is the plumbing that carries the water or the cabling that carries the electricity. Likewise the different stable coins are the water or electricity that travel through and by way of them.
Therefore a stable coin cannot replace XRP and neither can there be another XRP as the utility & protocol for the one that exists is set. XRPL is compatible only to run and function with its native asset XRP and vice-versa.
Please don’t confuse yourself or others about this 🧙♂️
Faith in integrity, that’s all that’s to stop them I guess
Hopefully the Ripple team is wise enough to understand that the backing of the community is vital to the success, but if they only start getting focused on the bottom line, they may lose sight of that. Time will tell the tale!
1 billion released every month
I did mention this, but a healthy portion is put back in escrow because they don't use up the billion. They usually don't even come close from the research I've done 🙌
@PromoAmbitions they can sell those billion whenever they want!
There nothing holding them to putting it back into escrow!
@@PromoAmbitionsthere nothing holding them back from dumping those coins whenever they want! To risky
Lets not forget the three guys who created xrp collectively owned 20 billion xrp upon its creation. They can sell at anytime. Correct?
The holdings have changed over time, for instance Jed McCaleb has sold off his holdings already nearly entirely, some of the others still have a ton including Garlinghouse...
16:55 The Ripple CEO is a self-proclaimed capitalist whose target demo is institutional money. Retailers have every right to be concerned because they have been clear about the fact that we are not a priority. If you are a retailer holding XRP... your ability to attain wealth from holding XRP will be based on your own discernment and due diligence.
Due diligence is crucial to holding any investment - problem is for the non-tech savvy folks, it's tricky to fully understand XRP and Ripple's offerings unless you're really neck deep into finance and blockchain. The learning curve is as steep as it gets for some unfortunately. Hopefully these easy-to-understand educational vids help some.
@ I know what you mean. I’m sure it’s complicated by design because at the end of the day it’s still a zero sum game being played involving finite tangible assets. Package it however you want. My only concern is protecting my interest while learning how to play and master the game myself. Thank you for sharing your content. 💪🏾🫡
I came here knowing absolutely nothing about xrp, and based on your information, I wouldn't put more than $300 in it. Maybe I'll fomo and drop $500.
Everything you said about it sounds like complete garbage . For somebody who loves and understands Bitcoin, this is the complete opposite. Why call it crypto to begin with, if Ripple can control it however they want ?
The ONLY use case for a crypto project is to eliminate the middle man.
This is not crypto.
I understand it's a good project, good prospects, partnerships, adoption etc.
But it's not crypto, and if Ripple doesn't show to have bad intentions for now, It's not going to be necessarily the case in the future