AA.XRP

The real lie we were sold is 'Code is Law.' Code is just math. Intent is the law. If a bug or a hack allows a thief to subvert the system, the protocol should protect its users, not the thief. Comparing this to PayPal is a false equivalence. PayPal is a black box. DeFi protocol governance is a transparent, community-driven social contract that defines the rules of the game.

If the Bear was trying to fool all of you, they probably would have stopped posting a looooong time ago. Yet, every year the Bear is telling you to persevere and shows you how close you are. Still here, still standing, not giving up. Anybody with a brain can tell the Bear knows something and knows Ripple very, very well. You won't see Brad or anybody from Ripple mentioning prices. At most, Brad said there would be value in the token. But there were other ways to tell people what about to happen. You believe in it or you don't. You think it's a stupid cartoon bear or you don't. Maybe there is something real here or maybe it's just BS. You choose. But all I know is the Bear is still here after all these years.

An asset is not fully collateralized if there's serious doubts whether the supposed backing will actually be used to back the asset, and I think an across the board haircut is not unlikely.

Here's an ELI15 of this post courtesy of Grok. It's surprisingly good: Imagine you're a kid with toys (like special coins called crypto) on different playgrounds (different blockchains). Sometimes you want to move your toys from one playground to another without losing them. A "bridge" is like a magic walkway that lets you send your toys across. But bad guys can try to trick the walkway into giving them extra toys they didn't earn. JoelKatz (a smart crypto expert from Ripple) was checking these magic walkways for Ripple's own stablecoin called RLUSD (a special coin that's supposed to be worth exactly $1 and very safe). He looked mostly at how safe they are. He found that most walkways have really good locks and alarms built in — strong ways to stop exactly the kind of trick that just happened to a project called KelpDAO with their rsETH coin. KelpDAO lost about $292 million (a huge pile of toys!) because someone tricked their walkway (powered by something called LayerZero). The attacker basically sent a fake message saying "give me all these coins!" and the system believed it. Here's the funny (but not really funny) part Joel noticed: The companies selling these walkways would say, "Look, we have the best super-strong locks!" But then they'd whisper, "But honestly, using the strongest locks is a bit annoying and slow for us to run every day. So most people just use the easy, weaker version to make it simpler and faster to add more playgrounds." They were basically advertising "super safe!" while encouraging projects to skip the best safety stuff for convenience. Like selling a car with airbags and brakes, but saying "you don't really need to use them if you want to go faster." Joel thinks that's probably what went wrong with KelpDAO — they picked the easy, simple setup instead of turning on the full strong security features. And now a ton of money is gone. He hopes he's wrong, but from looking at lots of these systems, he sees this pattern a lot in DeFi (decentralized finance — fancy way of saying "money apps on the internet without banks"). Even when the tech has good safety options, people often choose "easy and cheap" over "really safe" when big money is involved. That can lead to disasters. Always better to use the strong protections, even if it's a little more work!

Kyobo Life choosing Ripple Custody to support on-chain settlement reflects where the market is heading. When a leading Korean financial institution brings real assets on-chain, the industry takes note. Proud to partner on Korea’s first tokenized government bond settlement.

Yesterday, I celebrated 11 years at Ripple. Back then, I couldn’t have predicted that we’d still be fighting for regulatory clarity. The fight has been worth it. After a day in DC having great conversations with @SenatorHagerty, @berniemoreno, @SenatorTimScott, @JohnBoozman and @patrickjwitt - and on stage at @Semafor World Economic Summit - I know we are closer than ever. The CLARITY Act window is open. And now is our moment to act.

AI will make all the intelligent people jobless, so I should be safe then. 😂

I think Fava is broken. (Sorry, I previously said this was Nox. This is not Nox. This is the puppy, Fava.)

Wow, so interesting to learn about other people's perspectives from meeting with me. Glad they did well afterwards. And so many pictures I didn't see before. 點燃一個一個的小火種. Love it!

选择大于努力，但有时候，选择并不容易。🤣

I typically ignore all these false claims attacks. But... You can apologize now. I am officially divorced. I won't post any legal docs online, as I respect privacy of my ex-wife, and I appreciate the time we spent together. I am happy to bet $1 billion USD (or any number you choose) that: I am officially divorced (way before today). If you agree to take the bet, we can get lawyers to validate my divorce agreement, which should be dead simple. This bet offer is valid permanently, whenever you feel ready. But if you don't take it within 24hrs, it clearly shows who has been mis-representing to the public. Moving on to better things to do.

Finally we have the definitive answer that will certainly end the debate forever.

There are some cases where volatility is a huge problem and so a stablecoin is a better choice than a cryptocurrency. Similarly there are some cases where a regulated asset with a trusted counterparty is a benefit. But cryptocurrencies have three big advantages over stablecoins. 1) A stablecoin can only be stable with respect to one currency and a stablecoin denominated in the fiat you need it to be stable relative to may not exist with the qualities you want. Applications that involve multiple jurisdictions with different native fiats don't benefit as much from the stability. 2) A stablecoin can be frozen or clawed back by its issuer. Ripple, for example, can't refuse a US court order. And the US courts may decide that other things matter more than you do even if you've done nothing wrong. For example, if some country asserts that you've supported terrorism and claims secret evidence, is a US court going to protect you even if you claim that your only support for terrorism was in the form of speech criticizing that government's human rights record? Do we expect AI agents to defend themselves in courts? Do you want to have to? 3) For most cryptocurrencies most of the time, the upside is worth more than the downside. So if you don't need stability, you might prefer a cryptocurrency over a stablecoin for many applications. If I had to lock up some money in an escrow for a year, I might well prefer XRP or BTC to USD because I know USD isn't going up.

The secret sauce is simple 1/ give Corporates a trusted, regulated entry point embedded in workflows they already use, 2/ remove the friction between managing different accounts (fiat or digital). Both of those are now solved today with Ripple Treasury. Ripple Treasury is on a tear – last year facilitating $13T in payments for customers. This year, with the addition of native digital asset capabilities? LFG!

Did Coinbase Demand Millions from #Ripple to List $XRP? David Schwartz Comments. XRP community figure Diana pointed to a series of posts by Ripple CTO Emeritus David Schwartz. Questions emerge over whether Coinbase once demanded millions from Ripple to list XRP. David Schwartz cited a hypothetical case to show how complex listing talks can be misread as pay-for-listing deals. He stressed that legal disputes can twist narratives, with claims repeated publicly even when not proven. Coinbase delisted XRP after the 2020 lawsuit but relisted it in 2023 following Ripple’s court victory.

Master thread on the 2015-2022 closure of the Internet, the process by which every major Internet platform went from broadly open with a few basic guidelines to strict narrative enforcement, often with the collaboration of govts and outsourcing moderation power to NGOs.

Freedom of speech is good. But lack of accountability for false news is not.

Ripple is going all-in on Brazil 🇧🇷: on.ripple.com/4uDf4pW 💸 Ripple Payments: $100B+ processed, 60+ markets, live with Banco Genial, Braza Bank, Nomad, Azify & more 🔐 Ripple Custody: Recently launched in Brazil with CRX 💰 Ripple Treasury: Decades of corporate treasury management expertise 💵 RLUSD: $1.5B+ market cap, live with Mercado Bitcoin, Foxbit, Ripio & more One provider. The complete financial stack.

@Eko18228519 @Matthew50056132 @TmosMonstrocity @BumpkinEsq @ProSeSelfHelp @ThinkingSapien @SergioVengeance @99og_grey @TheLegalMindset @grok It's true. If anyone thought XRP was going to be $1.50 in 2025, they wouldn't have sold it for a penny in 2017. I sold 40,000 ETH at $1.05 because I thought the rise was over.

The owl of Minerva flies at dusk. Before the dark, something moves first. Very soon 🌑