Here it comes... Toronto Dominion Bank (one of Canada's largest) is going mandatory CBDC by end of April. If you don't consent you lose access to your cards and online banking.
🤑 CURRENCY CONTROL 🤡
Right on time after Turdy gov passes a law saying they can freeze your bank account for any reason they see fit.
Yeah, I guess Ripple fighting the SEC and uncovering the fact that people in the SEC are making sweetheart deals with the Ethereum Foundation isn't action in your eyes.
I don't think Biden is in charge at all. I think Trump is and I think Trump will make out well when the SEC vs. Ripple case ends.
https://hardwaresfera.com/en/noticias/ripple-gasto-170-mil-en-el-personal-de-trump-para-influir-en-cripto-regulacion/
https://github.com/ripple https://github.com/XRPLF/rippled
https://www.thecoinrepublic.com/2022/10/28/ripples-now-owns-less-than-50-of-xrp-crypto-and-operates-just-4-of-the-130-validator-nodes/
Yeah but you can probably find a developer who knows C. How many devs know Haskell? I remember Ruby on Rails came in to town and everyone thought PHP was dead. Now Rust and Go are the awesome ones. I think crypto has less to do with the language it's written in and more about the laws written for it.
Oh yeah, Ethiopia, where all the money is.
No worries that the SEC seems to be turning around and calling Ethereum a secuirty and that any ICOs under it can also be in trouble?
https://www.coindesk.com/policy/2023/03/09/what-happens-if-ethereum-is-a-security/
I mean Cardano may find itself in XRP/Ripple's shoes soon.
Visa and MasterCard at highest estimates can process payments at about 70,000 TPS.
Yeah but can it convert Ethereum projects out of the ethereum network and on to the XRPL where all the legal clairity will be?
Cool, everything you're referencing isn't as old as XRP. Governments will be going with tried and true tech that's been around for 10 years. Not these projects that came out 4-7 years ago.
Thanks for being civil by the way. These conversations tend to get nasty and usually wind up with me getting reported but I think these discussions are important as fuck.
Your sliding over a few points, I'm not sure if you're done with your answer yet but I'm gonna start.
I agree but I also read somewhere that former Ripple employees are also a part of the government involved in finance regulation so that seems to be a conflict of interest as well.
Also just making sure we're clear that Hoskinson hasn't been involved with Ethereum Foundation since 2015-2016, right? I am not a big fan of Ethereum at all.
You're brushing over the RESTRICT bill as well which AFAIK right now is making it's way through Congress as a way to "ban TikTok". This bill is a highly probable vehicle the government will use to force CBDC on the public. The government is running out of time to enact CBDCs before the banks collapse so expect more shenanigans with this bill.
Also you may not know but the Cardano community has also voted several times on Project Catalyst to fund lobbying for US Crypto Regulations as well.
Cool, I'll check that out.
Why aren't the nodes public for viewing? Does XRP have sometime like https://pooltool.io or https://pool.pm for seeing validators?
The language is important to make sure there are no bugs in the code. The laws written are useless if there are loopholes to circumvent the smart contract, right? That is what Haskell is for. If you look at the rise of Scala and Typescript developers which were directly inspired by Haskell, you can see that the industry is moving more in that direction. Last time I looked, Haskell was the #19 or #20 most used programming language, Solidity was somewhere #25-30. Solidity is currently the most used programming language for dApps and smart contracts
The type class system and separation of side effects in the program makes it easier and less resource intensive to fully audit for security as well since the only doors open are those from side effects allowed compared to another languages where all the side effect doors are already there and you have to specifically close them and not miss one.
Cardano Network actually has some of the code written in Rust as well.
They've added Python and JavaScript smart contract capability as well though the decrease in security quality with these languages makes it inferior to IMO. Plans are underway for C/C++ as we
Let's write a Cardano smart contract in Python | Cexplorer.io
https://cexplorer.io/article/let-s-write-a-cardano-smart-contract-in-python
How to talk to Cardano blockchain using Javascript
https://cardano.stackexchange.com/questions/3671/how-to-talk-to-cardano-blockchain-using-javascript
Are there #javascript delelopers interested in writing #Cardano Smart Contracts?
Please check this 🧵out https://nitter.nl/CryptoJoe101/status/1633579944490967049
Cardano Smart Contracts
https://developers.cardano.org/docs/smart-contracts/
Cardano has 5 stages of its initial roadmap and right now they are on that 5th stage called Voltaire.
https://roadmap.cardano.org/
Voltaire is all about the Governance of Cardano and the end result will be IOG, Emurgo, and Cardano Foundation taking their hands off of control over Cardano Network Protocol changes and giving it back to the community.
The Cardano Improvement Proposal known as CIP 1694 is focused on this. Considering all the documentation so far cited on how the SEC argues as everything other than Bitcoin being a security, the implementation of CIP 1694 will put Cardano in the same regulatory space as Bitcoin because there won't be any one or three or 10 organizations that control Cardano but it'll be governed by the community.
I can reference articles the SEC has cited reasons for favoring Bitcoon over other altcoins but it'll take time for me to gather these up.
There are also other countries I've been seeing Cardano projects make deals with like in Nigeria, Ghana, Zanzibar, I remember seeing IOG also in some European Union digital currency regulatory talks as well.
You have World Mobile going live as well that is running on the Cardano network that is providing wireless internet to rural places in the world and using a vending machine like transaction to pay for the internet usage. Big towers connected to cables from 100+ miles away are wirelessly sending internet to smaller local towers owned by the community (costs $5000) that can give local villages & rural areas internet access bypassing traditional cable companies. People using internet pay World Mobile tokens for internet access which goes back to the owners of the local towers, payment processors, and World Mobile running the big cable connected towers.
Actually Cardano can take Ethereum smart contracts dapps and convert them over to the Cardano network without having to change their core code and design. Blockchain developers in Solidity in Ethereum Accounting transaction models will be able to use the IOG ERC-20 Converter without having to change their code and be able to add on extra capabilities that EUTXO model grants them. Ethereums Account Transaction Model is a smaller set of EUTXO transaction model.
The AGIX ERC-20 Converter Bridge is Live!
https://scribe.rip/m/global-identity-2?redirectUrl=https%3A%2F%2Fblog.singularitynet.io%2Fthe-agix-erc-20-converter-bridge-is-live-fa90ccba061a
Introducing the Cardano EVM sidechain - IOHK Blog
https://iohk.io/en/blog/posts/2022/07/06/introducing-the-cardano-evm-sidechain/
IOG launches a toolkit for developing custom sidechains on Cardano
https://iohk.io/en/blog/posts/2023/01/12/iog-launches-a-toolkit-for-developing-custom-sidechains-on-cardano/
Actually some governments are already starting to use Cardano in their regulatory laws and business. Ethiopia, Zanzibar, and Tanzania may not have much money but they are sovereign nations adopting Cardano. What sovereign nation has adopted XRP yet for securing valuable information? I'm sure there's some good deals bit I haven't heard yet from the XRP side.
Even if the US bans Cardano and uses something else, eventually the better tech always wins. The countries that adopt the better tech first will grow in power and wealth. Smaller countries like in Africa and South America have an incentive to jump on the ball before USA as they stand to make the most from these changes while the US govt stands to lose the most from people who switch to a different system.