Sascha 'EFINITI' Kirchhofer

@JoelKatz Happy birthday Mr. Schwartz! Stay healthy and have a nice day. Wish you all the best. 🎂🍀🎉🥳

Happy birthday to everyone who has the same birthday as me!

The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company. This is a victory for Ripple, the industry and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone.

@bgarlinghouse So happy ! Congrats to the entire team. All the best from Germany.

Sometimes when you do the right thing simply because it’s the right thing, good things happen. Although I represented 75K users, investors, developers, and token holders pro bono, against the @SECGov, I can’t truthfully say I haven’t been rewarded for my efforts. It’s true, I haven’t received any form of payment, but the love, support and respect from tens of thousands of people across the globe is pretty special. First, it was the Defender of Freedom Award (what a GREAT title), issued by the ICBLA; then it was the Consumer Advocate Award, issued by the @DigitalChamber; and today, I officially received the Lawyer of the Year Award from Lawyers Weekly. I accept the award today on behalf of 75 thousand users, holders, and consumers - including the 627 #XRP holders, and nearly 100 hundred @coinbase customers, I represent from Massachusetts. 🙏

[1/🧵] Palau is one of a kind in using the public $XRPL to showcase the possibility of a new paradigm with their newest pilot project, the "#PSC." I'll take you behind the scenes and explain what's prominent on the transparent public #XRPLedger, so have a look. 🧵👇

Welcome to O̵f̵f̵i̵c̵e̵ After Hours with me! Let’s clear up this confusion about securities, investment contracts and digital assets.

@s_alderoty Thank you Mr. Dalio sry, Mr. Alderoty 🤣

@HigherManas How many other networks there are, does not matter. XRPL can be used "now" by every bank. And will sooner or later be able to connect to other networks launching in the future, too..

Shifting Geopolitics of XRP and New Monetary Alliances 🚨 I’m often asked to update my thoughts on XRP. There have been many changes since writing extensive articles on XRP and how it could fit into the global monetary architecture in a multilateral world. So, with that intent, I present the following. Please remember that I have always supported Ripple and XRP and contributed a lot of material to the space as an OG. Many in the XRP Community today weren’t even around back then. This community does have a tendency for knee-jerk reactions to perceived criticism of XRP and Ripple. Understand that this is not a criticism but only a high-level re-analysis of the geopolitics and monetary realities that have changed over the years in relation to the ultimate use case for XRP. First, all my previous opinions were pre-SEC lawsuit and pre-geopolitical earthquakes, which are shifting the world's tectonic plates, such as the war in Ukraine and the expansion of BRICS+. The original assumptions for the mass adoption of XRP on a global scale required the collective agreement of all the major nations to align on the strategy and implement the CBDC bridge capabilities of the XRPL within the existing global institutions, such as the International Monetary Fund, World Bank and Bank for International Settlements. The IMF has shown support for Ripple and XRP, or at a minimum, an acknowledgement of its existence and use case. China, the world's largest creditor nation, has been very clear in the past that it will not continue to support the domination of these monetary institutions by the world’s largest debtor nation, the United States. China, and other BRICS nations, have demanded that these institutions be overhauled to reflect the realities of a multilateral world. Failure to achieve this would push the other nations to develop a workaround to the Western monopoly over global monetary institutions. The foundation was already prepared for this eventuality with the BRICS alliance, the BRICS Development Bank, Belt and Road, Eurasian Union, and the Shanghai Cooperation Organization. The one institution America has the least influence over is the Bank for International Settlements (BIS). So, we now see the BIS announcing the development of its own unified ledger, which has all the same functional features as the XRPL and will be controlled by the central banks themselves instead of a decentralized ledger that no one interest controls. The biggest challenge for Ripple was always going to be how do you get the banks to give up control over the core structure of the monetary architecture. Private side ledgers are not as ideal a solution as many would consider. Most central banks have announced a CBDC initiative. It is very clear the world is moving in that direction with full control of the BIS and the central banks remaining. Along with the announcement of the BIS unified ledger, the mass adoption of the XRPL began to lose focus. The Bank for International Settlements will eventually force the alignment of the BRICS+ reserve currency across all central banks as the IMF and World Bank are either overhauled or fade into history. But first, the geopolitics must be worked out on multiple battlefields, as power is never relinquished willingly. It should be obvious to everyone that Ukraine will fall, and Poland will have to move into Western Ukraine to serve as a new buffer between Europe and Russia. This strategy will eventually fail as the EU fragments, and NATO becomes a defunct defensive/offensive organization with no purpose. The USD-based unipolar monetary architecture has run its course and with-it American hegemony. A possible end is in sight for the centuries-long great war for control of Eurasia. Now the new non-Western system is being built. The best opportunity for the XRPL would have been in a peaceful transition where all nations agreed upon the structure and fundamentals of the new system. This is not the case, and the disagreements are only just beginning. There will likely be a lot of back and forth around the development of the BRICS supra-sovereign currency and the massive restructuring of sovereign debt that will inevitably have to be dealt with. We will likely see various competing monetary alternatives with different structures. The XRPL could see some success as patchwork alliances are agreed upon. Still, eventually, the world will have to align on one architecture, which will likely be determined by the interests supporting BRICS with the additional support of the BIS. Western nations will have to make concessions to restructure the sovereign debt. China, the world's largest creditor nation, will have a lot of influence over this. With each passing month and year, decentralized ledger technology is improving. The XRPL is forced to continue developing to keep pace with what other projects are rolling out. This isn’t to say that the XRPL isn’t a fantastic piece of tech because it simply is by all measures, but things are moving fast. Global institutions, like the BIS and other blockchain developers, are learning faster, developing faster, and building more extensive tech that can be leveraged across multiple Web2 and Web3 platforms. This will be an integral part of connecting the old and new worlds. The SEC lawsuit was, in my opinion, an attempt by traditional banking interests to sabotage XRP, defame the founders of Ripple, and create enough negative energy in the space to drive support toward more official innovation, such as CBDC’s and the BIS unified ledger. Abstractly, there was no win possible here for Ripple and XRP. The lawsuit intended to send a message to other banks, institutions, and governments. Then there is the revolving door of people who move in and out of government and private employment. The legacy and corrupt banking system has been supported through such revolving doors, as policies are passed with legislation that is written by the same people who move in and out of the public and private spheres. Ripple has also had its share of revolving-door employees who move in and out of public and private spaces. This can be interpreted a lot of different ways, some good, some negative, but ultimately, if you are a foreign monetary policy maker sitting in Moscow or Beijing, watching the revolving door with Ripple does not build trust or encourage non-Western nations to partner with Ripple or adopt the XRPL as a core part of their monetary architecture. XRP will always be around, as the tech is that good. But the potential realization of its ultimate use case is fading with every bomb that drops, every new member that joins BRICS+, and every day where uncertainty continues. Whether retail XRP is not a security or institutional sales are, it doesn’t matter at this point. It was never about that. This is just one opinion and one analysis, but worth consideration if you are invested in XRP. HODL - JC Also published on Higher Manas highermanas.com/post/shifting-…

@HigherManas What i understand, Ripple the company is using the XRPL to build banking products for every bank in the world, not for the BIS or the IMF. One usecase: They created a liquid market based on digital assets that allows these banks to get rid of prefunded nostro+vostro accounts.

Maybe we can now start a rational conversation about crypto regulation in this country.

The most important part of this ruling: “XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.” This is a now a matter of law (not up for trial.)

We said in Dec 2020 that we were on the right side of the law, and will be on the right side of history. Thankful to everyone who helped us get to today’s decision – one that is for all crypto innovation in the US. More to come.

Trying something new – some thoughts from me on the events (specifically the release of the Hinman documents) of this week. For me, this has all had a personal bent to it - and felt like it warranted some personal comments.

1/ It’s been 5 years since Bill Hinman gave his infamous speech – and through the SEC’s lawsuit against @Ripple (and 7 court orders), we can finally share what happened behind the scenes through the now public emails / drafts of the speech.

@wearepixarrow @JohnEDeaton1 @Ripple Link ?

@JohnEDeaton1 @Ripple HINMAN EMAILS ARE OUT!!!

All I’ll say right now: When I filed the case against the SEC 9 days after the @Ripple lawsuit on January 1, 2021 and when I highlighted the #Ether free pass and all the conflicts of interests and appearances of impropriety involved, I owned 10 times more in #Bitcoin and 4 times more in #Ether than I did #XRP. Sometimes it can’t be just about your bags 💼.

@DigPerspectives @JohnEDeaton1 Happy birthday from 🇩🇪 Mr. @JohnEDeaton1 !!

I did not know this, but Barbie just told me it was @JohnEDeaton1 birthday today. Let's all help celebrate @JohnEDeaton1 birthday. We appreciate all you do for all of us, John. Thank you! #Retweet #XRPArmy youtu.be/KI3zMwmA94I

There are 400,000 pending transactions on the bitcoin network and binance halted transactions due to the congestion and high fees I’ve been warning people of this for months and the righteous bitcoin maxis have kept their mouths shut because they can’t admit bitcoin has any flaws I always tell the truth.. Bitcoin has an exploit and it needs to be fixed asap people are uploading useless data to the blockchain which is making it slow and expensive someone uploaded 10,000 pictures of monkeys to the blockchain which bloated nodes by 1.4 gigabytes! That’s just one nft collection! this community is supposed to be strong enough to handle quantum attacks, but watching it be defenceless to jpegs is embarrassing maybe some centralization is good, because this is an obvious problem that should have been fixed by now hoping the nodes and miners come together to solve this but I fear greed has already gotten in the way this demand may be good for price in the short term, but it simply does not scale. People will leave the network because it is inefficient for both money and for NFT’s I’m researching privacy coins in the meantime since you can’t track each coin to do stupid stuff like this

@MackAttackXRP Source: A random crypto enthusiast on twitter says! lol

Rumor Claims Ripple and SEC Met Secretly Twice and New XRP Lawsuit End Date Has Been Set: timestabloid.com/rumor-claims-r…

@Leerzeit Collusion?

Is anyone there who knows how to switch $FLR Gatehub UAB tokens to the native network? They say currently only #XRPL network is supported to transfer or exchange the FLR tokens, but no native token support yet. And. Their CEX does not support any FLR pair. #XRP Cummunity?