👹💰🐴 FTX Appears to Be a Political Ponzi Scheme Running Dollars to Politicians and Through Ukraine 👹💰🐴
(www.thegatewaypundit.com)
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What's your opinion on XRP being the deep state's crypto? I've read a lot on it as well. I believe some of the connections are pretty sus.
The thing that gets me is that it is centralized. I tend to lean towards coins that are meant and designed to be decentralized. And if this is the deep state's response, they're probably holding it up with the SEC to deceive the public. I know it sounds far fetched, but we know how they work.
Correct me if I'm wrong, but I'm pretty certain XRP can easily be centralized.
It's obvious that the deep state is pushing the living snot out of XRP, and it's even more obvious that they want to use it to power their CBDCs. XRP could be used for that, but it wasn't explicitly designed for that purpose. It's instant on-demand liquidity and settlement.
One of the talking points against XRP is that it's centralized. But if you notice, most of the big names pushing that narrative are pro-Bitcoin/Ethereum and anti-XRP. There are tons of XRP validators, and that inherently means decentralization.
On the other hand: from what I remember, the CCP gave crazy stipends to a handful of Bitcoin miners in China to basically let them use electricity from the 3 Gorges Dam for free. This basically centralized Bitcoin into CCP control(for a while at least). Then there was the ETH 2.0 merge, where now the elite ETH holders have consolidated the majority of ETH into their control and the little peasant miners such as myself(formerly) have 0 influence on ETH now.
Bitcoin, Ethereum = centralized XRP = decentralized
You have that reversed.
XRP uses a permissioned blockchain controlled by centralized players. Bitcoin is completely decentralized. Ethereum used to be decentralized, but just recently switched to Proof of Stake so that those with huge amounts of it can control both the ability to make transactions and its value. So basically, Ethereum caved to the deep state, which necessarily takes with it most tokens that rely on the Ethereum blockchain.
The important thing to remember is that XRP is merely the veneer of blockchain over the rotting carcasses of the central banking system. XRP gives a small group of oligarchs the unchallenged authority to approve or deny your transfer. Trust it at your own peril.
Correction. There are tons of XRP validators that had to receive approval from a small number of oligarchs in order to become validators, where said oligarchs can revoke their approval at any time. That inherently means centralized.