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Kobe Bryant
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@kwok_phil Or think like a real estate management company. You could charge 10-20% once you’ve got a system in place and scale.
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@kwok_phil This is the way but, I would think of onboarding players like a partnership. 51-49% split of future profits on a superstar like Lebron James or a Justin Beiber. It has to be fair unless it’s a fixed term.
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everything will be tokenised.
i’m not just saying it.
i can see how it’s going to happen.
and i’m putting $1 million on the line in this post.
so here’s my thesis:
one of the biggest accelerants to tokenisation will happen by giving a massive new revenue stream to businesses.
imagine a football club like chelsea.
right now they sell merch and special edition items.
but that’s it.
they don’t get anything from the aftermarket sales etc.
now imagine if those special edition items were tokenised.
they’d still get the revenue from the initial sales.
but the crazy thing is this:
they’d also get the trading fees from any future sale too.
so when that special edition collectible gets sold and speculated on, they make more money.
this is just the tip of the iceberg.
imagine players being tokenised and tradeable.
this could very easily unlock billions of dollars in extra revenue for clubs.
and it wouldn’t just be football.
this would apply to any business with a fanbase.
but i don’t think they’ll do it on their own.
not yet.
the way they’ll get onboarded is by getting paid upfront for tokenising.
for example, a club will get paid $10,000,000 to tokenise.
or maybe even a player will.
someone will front this money because they’ll know they can make a ton of money from the trading fees.
eventually, businesses will do it all themselves and they’ll want to own the whole process.
but for now, upfront payment is the way they’ll onboard.
and this will massively accelerate crypto adoption as a whole.
i believe in this very strongly.
so much so that i’d actually pay $1,000,000 to a business that wants to tokenise.
if you’re a brand, here’s the deal:
you get $1m, we get the trading fees.
the brand would need to be extremely strong.
not quite justin bieber or chelsea levels.
but strong reach: millions of fans, strong brand recognition, great views etc.
maybe a rising star.
potentially a clix level creator.
and tbh the initial inroad would probably be a personal brand at first.
anyway, this is just one of the reasons for why i believe.
everything will be tokenised.
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@JoelKatz does XRP move too fast through the system to warrant price appreciation?
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This game is going to bankrupt Rockstar. It has to sell roughly 13 million copies (at $80/each) just to break even. The rising cost in computer hardware has shrunk the potential market of those who even have the necessary specs to play it, and the writing is probably garbage.
Kalshi@Kalshi
JUST IN: GTA 6 estimated to have cost $1 billion
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@MaxGroganCrane @patcarino This is happening in Germantown also
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Kobe Bryant retweetledi

@bgarlinghouse Hey Brad, random xrp holder here. I am a straight shooter and love to ask straight forward questions and riddles are fun but not as blunt as I prefer. I say that to ask. Is there any company in the XRPL ecosystem that you would say has a stronger use case for XRP?
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@kwok_phil @dom_kwok I was thinking about this the other day. What if there was a “Facebook marketplace” for all types of digital assets. For example: tokenized real estate, tokenized cars, tokenized watches. One button XRPL transactions or one swipe.
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i’ve been in crypto for over a decade.
every so often i have an epiphany.
i see another golden piece of the puzzle we’re building.
and over the past few days i’ve seen another huge missing piece.
this is the one ring to rule them all:
become THE place where everything is tokenised and traded.
whoever builds this will hold sway over crypto and beyond.
it will be one of the single biggest achievements in the history of humanity.
most people reading this won’t internalise it.
but some will.
the true ones.
and in time everyone else will look back on this post and realise what it meant all along.
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@MasonVersluis I like the question. I think the answer is in my follow up question here.
Will global banks “need” or “want” global liquidity infrastructure exposure?
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Genuine question for hardcore $XRP holders:
Why would global banks choose to use XRP and in turn, potentially boost its price through the roof, when Ripple holds 34B tokens?
If it goes to the wild prices everyone yaps about, Ripple would be the most valuable financial institution in the world.
Do we really think banks want to make that happen for the Ripple company’s story?
Think about global banks being approached to use XRP, they will do extreme due diligence before using a “cryptocurrency asset” to solve traditional banking by.
They will see alllll the retail holders, all the weird riddles, all the theories, ripples holdings , do you think they would accept the proposition to use XRP?
Is the utility and benefit to them big enough to just ignore certain things?
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@iPsycoWulf @ChadSteingraber Is this going to allow you to avoid a taxable event as well?
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@Kobe2Smooth @ChadSteingraber But unlike the car your asset has a chance to gain value. Say you collateralize with 100 XYZ coin and then that coin 10x or 20x, you now can pay that loan off with a fraction of those coins. That's why I said not to use it as collateral at the top.
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This is completely untrue.
If the price of the crypto asset goes down after the mortgage is secured, it has ZERO effect on the original loan.
If the loan is in default, they seize the collateral and resell the home just like any other foreclosure. This is the benefit for them.
Peter Schiff@PeterSchiff
Allowing homebuyers to pledge Bitcoin as a down payment on a mortgage is a horrible idea, as it substantially increases the risk for lenders. If Bitcoin crashes, the down payment vanishes. That increases both the likelihood of default and the loss to the lender in foreclosure.
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