Utility Obviously ⚖️

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Utility Obviously ⚖️

Utility Obviously ⚖️

@UtilityFTW

A 🔥 in a 😠🏠 at the 🔚 of 🕐 - AI and Robotics - 🤴XRP and 👸XLM - Philosophy - Epistemology- Worship the God of Love

Joined Nisan 2021
628 Following8.7K Followers
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Utility Obviously ⚖️
Utility Obviously ⚖️@UtilityFTW·
This is when I'll be forced to abandon my #XRP/#XLM thesis... Commercial Banks, Institutions and Corporations are relatively easy to on-board into new financial technologies. Their business models are for-profit, their systems are for-profit. Whatever makes sense to bring more profit, they will adopt assuming they're legally allowed to do so. Such Institutions generally operate cross-border with shallow allegiance to the nation in which may hold their head office. They're flexible and adaptive amongst themselves because they handle the risk to their bottom line. But Central Banks are far different. Central Banks do not seek profit. They have very little room for flexibility. Their parameters for operating are rigid. They act based on multinational agreements, decades apart. They adapt and change infrequently. But we are in a season of change now. And while we see much advancement in Commercial side, Central Banks have yet to make their move. They are confined to clearing houses, RTGS interlinking, correspondent banking and FX markets. Central Banks require liquid currency markets to manage sovereign value transfer and wholesale settlement. Since we're in a season of change, it is my conclusion that the existence of global reserve currencies with ties to nation-states will soon fade away. The world will not accept a repackaged national reserve currency in digital form. The only way to solve Triffins Dilemma and propel the world into the future is by introducing a super-sovereign currency that can feed the liquidity needs of the currency markets. The problem and solution have been identified. And until I see a more fitting solution taking hold and nations aligning towards it, I see XRP and XLMs ultimate use cases still unrealized. PS: Why I stay a duel XRP/XLM maxi is because the idea of complete reliance on a single ledger to provide liquidity for all currency markets is neither wise nor safe. Parallel redundancy is needed in the event one fails/glitches/bugs so that markets and in turn nations, have minimal disruption.
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Utility Obviously ⚖️
Utility Obviously ⚖️@UtilityFTW·
If you think governments/central banks will entrust their sovereign money to proof-of-work or proof-of-stake systems—where control is dictated by profit-hungry miners and staking pools—you’re fooling yourself. Adjust your thesis. #XRP #XLM
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Massimo
Massimo@Rainmaker1973·
Which do you choose?
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Utility Obviously ⚖️
Utility Obviously ⚖️@UtilityFTW·
If we are talking about the variety of different foods available for consumption, G would be the answer. You can find specialty food from any country in the US. If we are talking country-specific cuisine, D would be the answer because it includes European, Middle Eastern, Asian and Australian(very western) cuisine.
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Utility Obviously ⚖️
Utility Obviously ⚖️@UtilityFTW·
BBQ is too generic. Every culture does BBQ. Baja is Mexican. Sushi is Japanese. Jamaican and Dominican are Caribbean, so pick one or the other. Colombian, Brazilian and Peruvian are so similar it's basically one type of food and none are known internationally as being exceptional. I think the list should include foods that are very dissimilar to be fair.
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Yitz Willroth™
Yitz Willroth™@coderabbi·
@UtilityFTW @Rainmaker1973 BBQ Cajun TexMex Baja Sushi Mexican Jamaican Cuban Hawaiian Caribbean Columbian Brazilian Peruvian Moroccan Spanish Portuguese
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Utility Obviously ⚖️
Utility Obviously ⚖️@UtilityFTW·
@AustRefugee @Rainmaker1973 Unfortunately, the warning needs to accompany the video. Some idiots out there will duplicate this and not know that it's only a matter of minutes before one can pass out.
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Massimo
Massimo@Rainmaker1973·
How air can be trapped inside an upside-down bucket, creating a pocket to breathe underwater, or the principle of the diving bell. x.com/MrLaalpotato/s…
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Utility Obviously ⚖️
Utility Obviously ⚖️@UtilityFTW·
Do you really think replying with “nu-uh people don’t use it” counts as a serious rebuttal in a discussion about decentralization? If you’d like, I’d be glad to hear an actual argument... What do you think decentralization means, and in what ways do you believe the XRPL fails to measure up?
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Cedric Beau (老李)
Cedric Beau (老李)@Web3BeauCedric·
MiCA can say whatever it wants But decentralisation isn't what a PDF claims.. it's what the network proves I’ve talked to real people building in compliance, FX, and payments And guess what? They don’t use $XRP. Not because they missed the LCX memo… but because they’ve read the brochure, and moved on. Happy to break it down again
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Utility Obviously ⚖️ retweeted
Anders 🏁🌏
Anders 🏁🌏@X__Anderson·
Proof that XRP(L) is decentralised! And is it even more decentralised than blockchains with other consensus mechanisms? 🤔 LCX released a MiCA (EU crypto regulations) white paper for XRP! Let's take a look at what LCX say and why it's important. 👇 1/6
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Utility Obviously ⚖️ retweeted
Ripple
Ripple@Ripple·
Introducing the next building block of onchain markets – we’re partnering with @DBSbank and @FTI_Global to establish repo markets powered by tokenized collateral and stablecoins: on.ripple.com/421bxVL Investors will be able to use $RLUSD to trade for Franklin Templeton’s money market fund, sgBENJI, tokenized on the XRP Ledger, and listed on DBS’s digital exchange, earning yield and opening new liquidity venues. Institutional momentum is building onchain.
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Utility Obviously ⚖️
Utility Obviously ⚖️@UtilityFTW·
@RT_com What a loser. ABC as a private company made a decision with no known governmentpressure. Meanwhile, countless people got canceled 2020-2024 if they spoke up against immigration policy or trans ideology.
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