EDIT: Thank you so much for your comments and questions everyone. There are so many people around me who don't get the magnitude of this situation. Seeing the number of you discussing this on here gives me spirit and strength! All it takes is for people to Question what is happening. Discuss it with your family and friends. Plan and act accordingly.
https://files.catbox.moe/le9u1j.mp4
WWG1WGA!
The Fed Is Getting Ready For The Next Crisis | Uneducated Economist
https://www.youtube.com/watch?v=deNbya8rpEg
https://files.catbox.moe/0urb6v.mp4
The Federal Reserve Will issue their CBDC with the introduction of FedNow expected to rollout the middle of 2023.
Technology, Innovation, and Financial Services By Governor Michelle W. Bowman
https://www.federalreserve.gov/newsevents/speech/bowman20220817a.htm
https://archive.ph/NrLay#selection-5023.444-5023.544
About the FedNowSM Service
You need to understand what CBDCs are and how they are different from crypto and decide which one you will allow.
CBDCs Vs. Cryptocurrencies: Side-by-Side Comparison!! | Coin Bureau
https://www.youtube.com/watch?v=Vb1Y760Sazc
https://files.catbox.moe/rryjup.mp4
This Is How They’ll Convince America to Adopt a CBDC | Heresy Financial
https://www.youtube.com/watch?v=EtNxyQMN76Y
https://files.catbox.moe/hxxmuj.mp4
Crypto Holders WATCH OUT!! THIS Is The Future THEY Want!! | Coin Bureau
https://www.youtube.com/watch?v=To5ek8F7zIQ
https://files.catbox.moe/zwgmb0.mp4
Yes Cardano is similar on this but includes smart contracts. Blocks currently are introduced to the blockchain every 20 seconds but the new Vasil upgrade brings many scaling improvements and a further scaling upgrade in October/November will bring block propagation and settlement time even lower. Pipelining allow a 6x faster block propogation and input endorsers allows blocks to be processed on to the blockchain at 1 sec time intervals or lower. Hydra state channels (IOHK) and zk rollups (Orbis) will also allow massive scaling on the ecosystem.
I have never heard of this. What programming language are XRP smart contracts? EDIT FOUND THE ANSWER, ITS C LANGUAGE
https://github.com/XRPL-Labs/xrpld-hooks/tree/hooks-ssvm/hook-api-examples
What businesses/dexs/defi/dapps have been made on XRP or in the process of? EDIT IT LOOKS LIKE THIS IS STILL A PROPOSAL??
https://xrpl-hooks.readme.io/docs
Who can propose changes to the XRP protocol? Is it only Ripple? Why is the NFT support not passing?
Is there a DAO treasury on XRP like Project Catalyst on Cardano that allows startups and small businesses to be funded and created by community vote? If not is there any plans for this?
EDIT: Link to Project Catalyst info
https://developers.cardano.org/docs/governance/project-catalyst/
Bitcoin with lightning network could be an option as well as Cardano. Ethereum I think is just not secure enough, their POS is terribly tyrannical with slashing, they've taken 6 years to develop POS on Ethereum. Their programming language for smart contracts is always vulnerable to hacks based on the number of doors always open or having to be monitored/updated.
Russia/Eastern Europe developers are working on Ergo, it's like a spiritual successor to Bitcoin having PoW with smart contracts, low fees, fairly good processing time. They have several scaling upgrades in the works like NIPoPoWs. They've got DEXs and DeFi getting started on there too. They have their own oracle which in several ways is more advanced than Chainlink. They have the first decentralized mixer I've ever seen, everyone who uses it is also running a node of the mixer. They are working on anonymous DIDs. They have devleloper updates every week for 20+ projects being worked on... Highly recommend to look into as well...
https://youtu.be/OOWEV4gfnrA
EDIT: This looks interesting
(Oct-2021) XRP Ledger payments could go offline with new Proof of Payments protocol
https://ambcrypto.com/xrp-ledger-payments-could-go-offline-with-new-proof-of-payments-protocol/
Came to say this. Ethereum + Layer2 (i.e. zkRollup like LoopRing) can do all of this as well.... and isn't being backed by Big Central Banks/Federal Reserve....
Fuck Central Bankers. I don't want anything to do with anything they are pushing. Central Banking and the ones that utilized it to exploit humanity for the past hundreds of years can get fucked.
I agree! Central Banking is the worst and must go down!
I personally have had several problems with Ethereum. Last year I lost $300 in failed transaction fees on Ethereum trying to get in on a new project launch day of.
I also don't like slashing in ETH 2.0 staking, that is a hell hole nightmare. In Cardano, staking is non-custodial, your ADA just acts as votes for a stake pool to be picked to process transactions and are never at risk. On Ethereum you must have 32 ETH to stake to a stake pool or if you have less than that you must stake to LIDO pool. If LIDO makes a mistake with their stake pool, your funds are slashed and taken away from you.
Stake pools on ETH 2.0 have already been hacked last summer and millions of $ were lost. Many reddit mods are ETH maxis and will censor or downplay these news stories.
Stake pools on Ethereum already have a Minimum Attack Vector of 3 with the top 3 stake pools (Lido, Coinbase, and Kraken) taking up over 50% of the ETH staked. If they teamed together, this ruins a proof of stake blockchain because unlike Proof of Work, the 51% attack comes from amount staked on the network. LIDO, Coinbase, and Kraken teaming up together can alter the Ethereum blockchain on ETH 2.0
DApps running on Solidity have too many bugs and too many hacks happening in the Ethereum sphere. Ethereum should be focusing on standards and certifications for safety levels of DApps but they have not done this even after the Ethereum hard fork in 2016 from Ethereum Classic hack. Why? Every couple weeks there is a bug involving Ethereum and its programming language Solidity.
Their blockchain is bloated, they do not have any good solutions put forth on their roadmap to deal with this. SPOs will just have to keep buying more for their servers to keep up with Ethereum use.
Bitcoin UTXO and Cardano EUTXO are much better than Ethereum Account model for transactions. Using the whole blockchain as a global variable in every transaction leads to the failed transactions I mentioned above.
Interesting information. Thank you for sharing!
Some other interesting bids to look at.
I Left Ethereum for Cardano… (Steelman) | Coinsider https://www.youtube.com/watch?v=-LWVdXBshdI
A comparison of blockchains decentralization
https://blog.trailofbits.com/2022/06/21/are-blockchains-decentralized/
For looking at several things on Cardano like Nakamoto Coefficient and wallet distribution in real time
https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/p_9vyfu6gorc
The difference between Cardano's EUTXO and Ethereum Account model explained by Lars Brunjes (The Cardano Smart Contract Instructor)
https://www.youtube.com/watch?v=Eq4gS2mXhKk
I have much more info if you want me to share, I don't want to spam out too much info at once if you're interested in taking a look.