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

Katılım Nisan 2021
661 Takip Edilen8.7K Takipçiler
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Eren Chen
Eren Chen@ErenChenAI·
My favorite moment from the entire URKL Robot Fight! One brutal kick sent the robot's head hanging loose. and it somehow kept fighting like nothing happened! I completely lost it. Had to lower down the volume of my laugh 😂😂
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Denelle Dixon
Denelle Dixon@DenelleDixon·
Huge congrats to @nchakar, Dan Doney and the entire @The_DTCC team on today's milestone. Tokenized securities settling onchain, in production, at Wall Street's core infrastructure — this is the moment the industry has been building toward. The future of markets is real. And we're just getting started.
DTCC@The_DTCC

Today, tokenization continues to move from discussion toward real-world market activity. Through live production use cases, DTCC is demonstrating how tokenized assets move through established market infrastructure. Follow along: brnw.ch/21x49lK

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Utility Obviously ⚖️
@rand_longevity I know I exist, but I can't know that I would exist in an uploaded state. So I choose what is known rather than what is unknown.
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Rand
Rand@rand_longevity·
hmmmm okay would you rather live in your current body and risk dying of an accident or upload your mind permanently?
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Vet
Vet@Vet_X0·
Once the sentiment changes, and it will, don't forget the names of those who were with you in your XRP journey when it was the darkest.
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𝗕𝗮𝗻𝗸XRP
I remember December 2020 like it was yesterday. SEC sues Ripple. Exchanges start delisting XRP overnight. Coinbase, one by one, others follow. XRP is done. It's over, sell before it goes to zero. Ripple is finished, the SEC just killed it. For almost 2 years, that was the narrative. XRP trading in the shadows on offshore exchanges while everyone else moved on. Fast forward to now: → Case resolved, Ripple's US business fully back → Licenses secured across multiple jurisdictions → Institutional partnerships stacking up globally → Banks actually building on the tech, not just talking about it. The same "dead" project people wrote off in 2020 is now sitting at the center of institutional adoption. Bear markets and lawsuits don't kill real conviction. They just test who actually understood the thesis in the first place. If you held through that you already know.
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Utility Obviously ⚖️@UtilityFTW·
@rabb1t_fr3n We need that Wholesale cheddar 🧀 x.com/i/status/20732…
Utility Obviously ⚖️@UtilityFTW

🔥MY CURRENT HYPOTHESIS ON THE STRUCTURE OF THE FUTURE MONETARY SYSTEM 🔥 Stablecoins are just the opening act... XRP and XLM's ULTIMATE USECASE 🚀🌙 The biggest takeaway from this should be in understanding it's a 2-tier system today, and it will remain a 2-tier system when it is fully digitized. Central Banks (Layer 1) issue base money as a wholesale liability, which acts as an asset on Commercial Banks balance sheets. Commercial Banks (Layer 2) then use that wholesale asset to issue liabilities (IOUs) to their customers. This forms 2 distinct USD layers... Layer 1 is real money, used for interbank settlement in a domestic setting along with being part of a cross-border settlement infrastructure. Layer 2 is a pegged IOU stablecoins, used for transfers between industry, institutions, customers and consumers. ALL stablecoins issued today, be it USDT, USDC, RLUSD, OpenUSD or JPM Coin, are only liabilities of Commercial Banks and are only used on the 2nd layer. In the future, Layer 1 sovereign funds will be settled between nations using a neutral bridge asset #XRP and #XLM. But Layer 2 can also utilize the same neutral bridge asset when moving value between different stablecoin networks. The moon 🌙 shots will come when Central Banks start announcing where they will be building their balance sheets and wholesale ledgers... Grown men will weep. I hope ours will be tears of joy.

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Soroban Domains
Soroban Domains@SorobanDomains·
Come and join our brand new community discord server to talk about the project, and a new proposal made by @abhimanyuvarma discord.gg/XJfXAPc3 with the goal of changing the path of the project from a naming registry to a "identity framework" on Stellar
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Utility Obviously ⚖️
Utility Obviously ⚖️@UtilityFTW·
Almost 4 years later, SWIFT is proving to be a floundering middleman desperate to stay relevant. They will all end up tapping the most efficient route to settle cross-border transactions. At scale, there will be no beating #XRP's efficiency.
Utility Obviously ⚖️@UtilityFTW

@X__Anderson The world is making moves away from the centralized control of SWIFT. SWIFT is irrelevant in the future unless it's enforced at the end of a gun.

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Butler🏴‍☠️
Butler🏴‍☠️@buticularius·
Zach Rynes | CLG@ChainLinkGod

The token vs equity misalignment problem is one of the largest systemic issues the crypto industry faces as an asset class When a founder/team sells both tokens and equity to investors, they are creating a dual set of competing stakeholders whose interests mechanically do not align And because equity investors have clear, legally enforceable rights and the company has a fiduciary duty and disclosure obligations to them, it’s usually the token holder that gets screwed Ripple is simply the poster child of how a crypto company and its equity investors can extract value at the expense of, and accrue value in isolation of, token holders Specifically, Ripple sells premined (zero cost basis) XRP coins to retail and then uses that money to fund corporate acquisitions and Ripple equity stock buybacks, to the sole benefit of its shareholders Ripple socializes their costs to token holders, and privatizes the gains/revenue for itself and equity investors XRP is simply the gas token of the XRPL L1 chain, which has very low adoption and is outdated by today's standards, and whose only real value capture is the fraction of an XRP burned per tx to prevent free spam on the chain XRP is not meaningfully used as a "bridge currency” or “liquidity” asset, and any theoretical future utility value on this dimension is getting completely eaten by stablecoins (even Ripple knows this, hence RLUSD’s existence) Thus, why I and others call XRP a “bank-themed menecoin” After being in the crypto industry for 8+ years, I know I shouldn’t be surprised about retail value extraction, but the business model at play here physically disgusts me I have no idea why anyone would be comfortable with such a toxic arrangements beyond being naïve to it (in addition to Dunning-Kruger, sunk cost fallacy, Stockholm syndrome, social media psyops, etc.) I genuinely don’t know how much more clear I can be on this topic, and while it’s fun to be called a retard and hater a thousand times, I really just feel bad about the whole situation

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XRP Ledger Foundation
We just surpassed 1,000,000 agentic payments via x402 on the $XRP Ledger. Time to double down. XRPL AI Hub is a comprehensive new ecosystem platform for builders, users, and enthusiasts. Welcome to the agentic economy on the XRP Ledger. xrpl-ai.org
t54.ai@t54ai

AI activity on XRP Ledger now has a home. Today, we’re launching the XRPL AI Hub, featuring our ecosystem launch partner @virtuals_io. A single destination for agents, AI projects, tools, and payment services building on the XRPL. xrpl-ai.org

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bill morgan
bill morgan@Belisarius2020·
Interesting to hear about the collaboration between Swift and Clearstream at the same time of the news that Clearstream has added $XRP to its regulated custody. Clearstream’s webpage states it provides the post-trade infrastructure for securities in more than 60 markets and is one of the world’s largest settlement & custody firms.
Swift@swiftcommunity

Learn about our collaboration with @Clearstream, @NorthernTrust and @setl_io to explore how SWIFT can support the growth and development of the tokenised asset market: okt.to/yg2w5o #securities #innovation #tokenization #digitalassets

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Utility Obviously ⚖️
Utility Obviously ⚖️@UtilityFTW·
1) Clearly, ISO20022 is a messaging standard. I even explained that in the original post. I think everyone is clear on that. 2) "It doesn’t require XRP, XLM, or any specific blockchain." - Nor did I say or infer that was the case anywhere. Strawman 1 3) "Institutions can transport ISO 20022-compliant data across multiple architectures and multiple networks." - Yes. Thank you for agreeing with me. 4) "Native memo fields also don’t automatically make those fields ISO 20022-compliant." - Not once anywhere on my entire page have I ever made this argument. Strawman 2 5) "A memo field is simply a place to carry data." - Major oversimplification as I have mentioned. Size, nativity, and structure are variables that effect simplicity, cost and efficiency. Just claiming "meh, looks all the same to me" destroys your opportunity to learn something new. 6) "If the claim is that native memo fields alone create a meaningful competitive moat for XRP" - Let me rephrase... the claim is... The native memo fields, and their structure create a meaningful competitive advantage for XRP and XLM. 7) "I’d like to see evidence of that, not assumptions" - It's an argument that can only be proven by time. All solutions will rise but only the fittest survive in the end. I argue that XRP and XLM are the fittest. I only ask for some abstract thinking.
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King Solomon (Ryan Solomon)
This isn’t about ego. Or being a gentleman. 🤣 ISO 20022 is a messaging standard. It doesn’t require XRP, XLM, or any specific blockchain. Institutions can transport ISO 20022-compliant data across multiple architectures and multiple networks. Native memo fields also don’t automatically make those fields ISO 20022-compliant. A memo field is simply a place to carry data. If the claim is that native memo fields alone create a meaningful competitive moat for XRP, I’d like to see evidence of that, not assumptions.
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Utility Obviously ⚖️
Utility Obviously ⚖️@UtilityFTW·
I heard @IOV_OWL talking about ISO20022 today. Downplaying the narrative as is common. Few have given this line of reasoning any thought. I have not seen anyone talk about it as I do. XRP and XLMs only advantage when it comes to ISO20022... Native and Structured Memo Fields...
Utility Obviously ⚖️@UtilityFTW

🧵 Thread: Why #XRP is the 🥇 digital asset for ISO20022 payments—and why #XLM is a close 🥈 🚨 Here is why #ISO20022 is significant specifically for XRP and XLM 🔥No others compare and nobody is talking about this! The rest? Patchwork workarounds.👇

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