I see this all the time, XRP new currency for banking! Send 100M for 0.30cents!!
But why wouldnt US Gov just make a blockchain for Gold and Silver and just have it regulated by a treasury to keep a balance/tally of total gold & Silver divided by number of treasury 'dollars' to represent a solid currency.
Who in their right mind would trade an ounce of Gold for XRP which is already circulated, & owned by other people already? You may as well just give away your gold. Cause somebody else beat you to it.
There is no way in my mind that this is the plan for future currency. There has to be a treasury to buy and sell the gold for a currency. It should be blockchain to track it. But why not just make a new system from scratch or use BRICS?
Does this chain of 'logic' not make sense to anybody else?
XRP seems useless to me in a Gold & Silver environment.
Regardless of whether this will happen or not (I am doubtful it will), the idea is not to simply purchase XRP and use it to back the Treasury Gold and Silver, but rather use the platform to create "tokenized assets"
Explained here
At the end of the day if you tokenize gold and silver on a block chain, you have to trust whoever is reporting the gold and silver reserves which leads back eventually to fiat currency and the problem we have now.
The only way to solve that problem is to somehow make the gold and silver physically auditable 24/7 by the public and I don't think that is possible.
A cryptocurrency lives on the block chain, you don't need to trust a 3rd party. It is auditable 24/7 by the public. It stops the continuing cycle of banks bankrupting everyone.
An archimedes gold room. Gold stored in liquid in a secure location with the weight and the displacement visible for everyone at all times though live cams !
How do you know the live stream hasn't been doctored?
How do you know the weight and displacement sensors haven't been messed with?
Considering what you have seen on this forum, you still trust people who have control over your finances and country far too much imo.
If there's a way to easily steal money from you, it will eventually happen. You just have to look at the history of banking and finance.
XRP is the cabal's replacement for the Swift system.
It is owned and managed by the Rothschild's central banking cartel. It's nothing more than a thin veneer of blockchain over a CBDC.
There is no good purpose to it. That doesn't mean it won't be implemented.
It is and a good reason to get some then cash out for goodies as it goes up as a distraction. I have a bunch of this and that, diversify and soon the tiny market cap will all grow.
The thing that is missing from the crypto discussion is privacy. XRP, BTC, or any other blockchain being supported by any government or corporation is fully transparent, making it difficult, expensive, or outright impossible to use anonymously. This makes it not fungible and therefore not money.
They don't want people making transactions that can't be traced to a specific ID. That's why privacy coins have been essentially banned from all major exchanges. Monero is the top privacy coin but there are a lot of other promising ones out there, even ones that support tokenization, smart contracts, and even stablecoins.
Look into the Midnight crypto
Can make some or all of the data private at will.
Smart contracts in typescript.
Uses ZK Snarks
Will be airdropped to any holders of major blockchains.
the game has always been: we give you trinkets, we take the real good stuff.
This is not trading value for value but shit for value. this is the dark side of trade, of capitalism.
the basis is a neglect for virtue, hate even. on a higher level, it is the same old process: to take your freedom, and enslave you.
And this begins with dependence or independence as a choice. As soon as we forget it, we fall into their trap.
so, it.makes sense to trade their worthless shot for something that appreciates and can be exchanged for real goods and services
exchanging gold and silver for their crap is not the smartest move.
It is a means to exchange tokenized assets much in the same way people buy futures. Not intended as a gold replacement. Although xrp was created by Ripple instead of an anonymous source like bitcoin, it uses decentralized nodes to operate.
You can send CBDCs on the xrp ledger and you can send rubles for pesos given the ledgers capacity to quickly settle transactions. Bad things can be created on the internet and good things can be created. Meaning if a country wants to use xrp ledger to create a cbdc it can. If guy wants to send money to his family in Venezuela he can. It's a permissionless network.
I'm no expert but enough to know it's not just the "it's centralized, cbdc" argument.
In theory it is just a placeholder for the gold and silver like the dollar used to be. Or like a check from your checking account.
At the end of the day if you tokenize gold and silver on a block chain, you have to trust whoever is reporting the gold and silver reserves which leads back eventually to fiat currency and the problem we have now.
The only way to solve that problem is to somehow make the gold and silver physically auditable 24/7 by the public and I don't think that is possible.
A cryptocurrency lives on the block chain, you don't need to trust a 3rd party. It is auditable 24/7 by the public. It stops the continuing cycle of banks bankrupting everyone.
BTW if you are looking into crypto I recommend researching Cardano. They've solved many problems in the crypto space that XRP and others have failed to do.
Cardano has the best solution to the blockchain trilemma that I've seen and the blockchain trilemna is what holds back most businesses/people from adopting crypto.