DoubleEko

The $XRP to $LINK rotation is going to be absolutely biblical.

Chainlink uses protocol revenue to fund $LINK buybacks Ripple sells $XRP to fund Ripple stock buybacks One flows value back to token holders The other extracts value from token holders to drive value to shareholders Notice the difference?

Your equating of a token buyback with a share buyback is actually a false equivalence because a token is nothing like a share and has no rights attached it like a share. You don’t seem to be able to fully grasp that ripple does not own the XRPL which is a fully decentralised public permissionless Blockchain. You also assume that if Ripple was buying back XRP and increasing its holdings it would be a positive for XRP & the XRPL ecosystem . It is not a positive. They should distribute the escrowed XRP more quickly in my opinion. In terms of doing something broadly equivalent to what Michael Saylor is doing in terms of treasury or an XRP reserve ripple and major shareholders contributed XRP or cash to Evernorth whose purpose is to acquire XRP and increase its value. You haven’t quite got your ahead around that have you. Ripple could have adopted an approach like chainlink’s Link reserve and acquired XRP for the reserve from income from ripple payments or income earned by its acquisitions but the Link reserve is more suited to a decentralised. Oracle and ripple has chosen a model similar to strategy and its bitcoin treasury but through a separate entity. The advantage of the evernorth model is that evernorth plans to earn yield on XRP and, from that yield, acquire more XRP from the market increasing demand for XRP. The Link reserve as I understand it is for network incentives but with no active deployment of the reserve to earn yield. The fact is that evernorth is independent and provides a regulated SEC compliant on ramp for institutions to gain XRP exposure. This means of exposure is obviously preferable to ripple running a reserve like the Link reserve which may face scrutiny as a means for ripple to buttress the price of XRP. If you read the SEC complaint and submissions to the court in the SEC v ripple lawsuit you would know that the SEC referred to several steps ripple took to buttress the price of XRP and use that negatively to show that XRP was a security.

The bizarre retail thesis of $XRP is that it will become the global reserve currency that everything trades against, the so-called “XRP standard” Rather than trading Dollars for Euros directly, you would trade USD for XRP, and then XRP for EUR, because this makes payments supposedly more efficient The XRP army will push back on this framing because they know how insane this thesis sounds They will argue the goal is not for XRP to become the global reserve currency but to fulfill the “bridge currency” use case, not understanding it’s a distinction without a difference They also believe the XRPL will become the dominant chain for tokenized real world assets, despite not even ranking in the top 40 by usage, developer activity, or DeFi TVL The XRPL is a ghost chain with less than 1% RWA market share and under 0.01% of stablecoins but somehow it will rise above all the other highly competitive, largely commoditized ledgers and become the primary settlement layer thanks to XRP liquidity All of this is compounded by various conspiracy theories about secret banking cartels who are colluding to push the XRP standard and lies from influencers about fake or exaggerated partnerships Reality moved on though The XRP vision was created over a decade ago before we had modern 200K TPS high-throughput chains, programmable smart contracts, DeFi protocols, fiat-backed stablecoins, tokenized deposits, atomic DvP/PvP swaps, and cross-chain infra If you listen to what the world’s largest financial institutions and market infrastructures like Swift, DTCC, JP Morgan, BlackRock, and many others are saying, you’ll find zero of them talking about the need for a “bridge currency” Rather, they talk about the need for connectivity, interoperability, privacy, compliance, and orchestration (all things Chainlink does, what a coincidence) The market ended up building everything XRP was supposed to be, without XRP USD-backed stablecoins have become the dominant crypto-native “bridge currency” for payments, trading, and finance The most successful case study of crypto-powered finance is Hyperliquid, where you can trade commodities, equities, FX, and crypto 24/7/365 across spot and derivatives markets Want to guess what “bridge currency” all these positions are traded against to minimize liquidity fragmentation? USD-backed stablecoins, not XRP And yet despite all this, the XRP army has yet to accept reality The reality is that Ripple socializes its costs to XRP holders and privatizes gains for its equity shareholders They sell XRP to fund products whose revenue accrues only to Ripple They use XRP sale proceeds to fund stock buybacks RLUSD has 90% of its supply on Ethereum and other chains, not XRPL, so there’s ~zero XRP demand created. Interest on reserves flows to Ripple, not to XRP holders Repeat this pattern across Ripple’s other products and acquisitions where XRP holders fund development for products that don’t use XRP (or it’s optional and little used) and the resulting revenue accrues to Ripple equity holders XRP’s actual role at this point is funding a corporation that has openly stated it will prioritize its own shareholders over everyone else All of this is obvious to anyone who has spent even a moderate amount of time scrutinizing Ripple/XRP, steelmanned the counter-thesis, or just looked at the competitive landscape The only people who don’t see it are people who have never left the echo chamber long enough to question their own assumptions Which is sad, but this is crypto, it’s never been a rational market

They burned tokens that were never circulating the first place, of course it had no effect, it mechanically had zero effect on the market price, it was done to drum up retail hype Why do you think the largest corporations in the world do multi billion dollar stock buybacks? why do you think Ripple is buying back hundreds of millions of dollars worth of their shares? These are all equivalent to a token buyback and burn system, it is one of the most direct forms of value accrual to a financial asset, that has been proven over the past century of our capital markets, after all, the whole point of investing is to obtain a financial ROI But XRP holders have been so psyop’d into believing that any form of direct token value accrual attached to revenue (like buyback and burn) is a bad thing, and a token should just have memecoin properties of just existing and that it’s OK that the issuer of a token is dumping the token to buy back their own stock

The bizarre retail thesis of $XRP is that it will become the global reserve currency that everything trades against, the so-called “XRP standard” Rather than trading Dollars for Euros directly, you would trade USD for XRP, and then XRP for EUR, because this makes payments supposedly more efficient The XRP army will push back on this framing because they know how insane this thesis sounds They will argue the goal is not for XRP to become the global reserve currency but to fulfill the “bridge currency” use case, not understanding it’s a distinction without a difference They also believe the XRPL will become the dominant chain for tokenized real world assets, despite not even ranking in the top 40 by usage, developer activity, or DeFi TVL The XRPL is a ghost chain with less than 1% RWA market share and under 0.01% of stablecoins but somehow it will rise above all the other highly competitive, largely commoditized ledgers and become the primary settlement layer thanks to XRP liquidity All of this is compounded by various conspiracy theories about secret banking cartels who are colluding to push the XRP standard and lies from influencers about fake or exaggerated partnerships Reality moved on though The XRP vision was created over a decade ago before we had modern 200K TPS high-throughput chains, programmable smart contracts, DeFi protocols, fiat-backed stablecoins, tokenized deposits, atomic DvP/PvP swaps, and cross-chain infra If you listen to what the world’s largest financial institutions and market infrastructures like Swift, DTCC, JP Morgan, BlackRock, and many others are saying, you’ll find zero of them talking about the need for a “bridge currency” Rather, they talk about the need for connectivity, interoperability, privacy, compliance, and orchestration (all things Chainlink does, what a coincidence) The market ended up building everything XRP was supposed to be, without XRP USD-backed stablecoins have become the dominant crypto-native “bridge currency” for payments, trading, and finance The most successful case study of crypto-powered finance is Hyperliquid, where you can trade commodities, equities, FX, and crypto 24/7/365 across spot and derivatives markets Want to guess what “bridge currency” all these positions are traded against to minimize liquidity fragmentation? USD-backed stablecoins, not XRP And yet despite all this, the XRP army has yet to accept reality The reality is that Ripple socializes its costs to XRP holders and privatizes gains for its equity shareholders They sell XRP to fund products whose revenue accrues only to Ripple They use XRP sale proceeds to fund stock buybacks RLUSD has 90% of its supply on Ethereum and other chains, not XRPL, so there’s ~zero XRP demand created. Interest on reserves flows to Ripple, not to XRP holders Repeat this pattern across Ripple’s other products and acquisitions where XRP holders fund development for products that don’t use XRP (or it’s optional and little used) and the resulting revenue accrues to Ripple equity holders XRP’s actual role at this point is funding a corporation that has openly stated it will prioritize its own shareholders over everyone else All of this is obvious to anyone who has spent even a moderate amount of time scrutinizing Ripple/XRP, steelmanned the counter-thesis, or just looked at the competitive landscape The only people who don’t see it are people who have never left the echo chamber long enough to question their own assumptions Which is sad, but this is crypto, it’s never been a rational market