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34
XRP. We know there’s a new financial system coming. (youtu.be)
posted 322 days ago by mitmont123 322 days ago by mitmont123 +34 / -0
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▲ 5 ▼
– bubble_bursts 5 points 322 days ago +5 / -0

TL;DR - CBDCs use XRP as their framework, so XRP is evil.

Logical fallacy - If you use a component to build something else thats evil, that does mean the component is evil.

Analogy: Internet can be used to stalk and hurt patriots. So Internet is evil and whoever else is using it are also evil.

Analogy: Deadly Drones contain microchips and hence microchips are deadly as well.

XRP is a very flexible framework, and can power decentralized stablecoins backed by assets OR can be used to build CBDCs.

Trump has outlawed CBDCs in US and he has enacted legislation to ensure stablecoins can be regulated so that they will be transparent in their holdings, and can be used to issue asset backed US treasuries.

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▲ 2 ▼
– Papatriot12 2 points 322 days ago +2 / -0

But we can't have a central bank digital currency if we don't have a central bank.

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– mitmont123 [S] 3 points 322 days ago +3 / -0

But there will still be payments between countries.

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– bubble_bursts 1 point 322 days ago +1 / -0

That comes later. Can you imagine Trump running on Tariffs in 2016 or 2020? We would have been laughed out of town. He just hinted them, but now in 2025 they are reality.

Same with IRC, CB etc. Right now they are just hints, but I think around after midterms the removal of CBs in earnest will start happening.

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– Fuhqreddit 2 points 322 days ago +2 / -0

This was very helpful. Thank you. Though I’ve been hearing that the major players have all been allowed massive dark money pool purchases via NDA’s so as not to alert the public. Which I think is detestable. But if you can’t beat em, join em.

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– mitmont123 [S] 1 point 322 days ago +1 / -0

Like changing the name of the Gulf of Mexico to Gulf of America and drilling oil again is a shell game in essence, the same is when the term CBDC is changed to Stable Coin.
Semantics. I

t’s coming bc the cost saving and speed is not stopping the change from the Swift snd ACH money transfer methods.

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– bubble_bursts 5 points 322 days ago +5 / -0

the same is when the term CBDC is changed to Stable Coin.

Actually not true.

CBDCs dont have public ledger.

CBDCs dont have anonymity

CBDCs are not backed by anything, unlike Stablecoins.

Stablecoins cannot be "expired" like CBDCs

Stablecoins cannot be restricted for specific use (like green stuff) like CBDCs.

Stablecoins (after regulation) and CBDCs are not even in the same category. They are the exact opposite.

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– SOGWAP 1 point 321 days ago +1 / -0

It seems vulnerable.

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– bubble_bursts 1 point 321 days ago +1 / -0

Explain how so?

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▲ 4 ▼
– mitmont123 [S] 4 points 322 days ago +4 / -0

I’m putting this here to share for those that might not know. I have my opinion and I’m sure you have yours, I’m just not here to debate what’s coming.

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▲ 1 ▼
– Papatriot12 1 point 322 days ago +1 / -0

None of us know exactly how it will play out. I have been invested in XRP since 2021. The majority of my money is in BTC though. A new system is coming for sure.

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▲ 3 ▼
– mitmont123 [S] 3 points 322 days ago +3 / -0

Get past the video title and 1st slide.

The information bring provided lays out the nearing start of the new Finternet, the new financial system.
This may seem complicated, boring and over your head but if you hold gold and silver for your legacy and you believe that all the distractions that have been thrown at us still won’t destroy the world financial system then this deserves some attention for your children and grandchildren’s future. NCSWIC (Not financial advice)

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▲ 2 ▼
– HODLR 2 points 321 days ago +2 / -0

Why is XRP the most hated crypto in the world, because it does exactly what they say it does. And really only BTC Maxies hate it because it actually does what they wished their coin did.

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– ThreeOneFIve 2 points 321 days ago +2 / -0

As someone who has a finance certification;

XRP is part of the ISO 20022 token family. And yes, banks are using it to transfer payments faster.

https://www.iso20022.org/

Normally anytime the banks do anything on the backend, the public sees minimal financial benefit.

However crypto allows anyone to participate in the upside, by buying tokens just as you would buy stocks.

The purpose of XRP from a retail (i.e. you) perspective is to provide a non volatile relatively stable growth asset that reflects some of the gains of its banking usage.

Its the #3 crypto in the world for these reasons.

There are sites on defillama that host XRP and allow you to earn yield on it.

So imagine a $3 non-volatile stock that pays 40% APR. This is not hype, this is daily reality.

Other sites host XRP for staking. They have applied to become a bank. Brad Garlinghouse met with Trump.

Their movements are very transparent and easy to track.

No 'exposure' or fearporn needed.

As an asset class its perfectly fine, if you seek long term holdings or interest income on 3rd party sites.

Trump is pro crypto, and anti CBDC, that has been clear, and several individual states banned it (Thank you, DeSantis).

While everyone else ejaculates over the price of bitcoin

XRP is a steady option to allow modest price growth

People who grow capital gains in crypto quickly buy cheap tokens that are set to rise. They dont start with bitcoin.

Specific Crypto coins ARE ALREADY being integrated into the financial system.

Mass adoption is expected by 2030

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– ThreeOneFIve 2 points 321 days ago +2 / -0

https://www.iso20022.org/ This is the new financial system. Already being implemented.

Its completely different.

Its NOT mark of the beast at this time, and its NOT cdbc.

Its something else.

Read up.

Also; you can tokenize digital gold and silver. XAG token for instance.

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– SOGWAP 1 point 321 days ago +1 / -0

Sounds like its the deep states system to replace paper fiat.

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– Deadbeat 1 point 322 days ago +1 / -0

XRP cannot scale.


S Tominaga @CsTominaga · May 23 #XRP—the bastard child of a (w)banker's wet dream and a crypto bro's PowerPoint presentation. It slithered into the scene with the polished sheen of a used car salesman dressed as a futurist, promising fast, frictionless transactions for global finance while clinging to the regulatory teat like a suckling calf in a Hugo Boss suit. Let us be clear: XRP isn’t a blockchain, XRP's a spreadsheet with delusions of grandeur.

Where Bitcoin forged a system where rules trump rulers, XRP birthed a network governed by a star chamber of validators hand-picked like the Queen’s corgis. Decentralisation? Don’t make me spit. XRP’s idea of decentralisation is like letting a dozen of your best friends vote on whether you’re awesome. Spoiler alert: you always win. The “ledger” in XRP is a bastardised clone of Byzantine agreement theory, run not by consensus, but by club membership—UNL, they call it, a “Unique Node List,” which is basically code for “people we trust, and no one else.”

Let’s talk supply. XRP was born pre-mined—every last drop squeezed out of the tube at inception, like toothpaste from a crumpled economic abomination. Ninety-nine billion tokens, printed at launch like party confetti at a bankruptcy gala. But don’t worry, they said, the founders will “escrow” the tokens like benevolent oligarchs locking away their gold, promising not to touch it too fast—except when they do. Every month, a few billion XRP slip out like shady campaign donations in a briefcase, “released for liquidity”—read: dumped on retail like buckets of financial effluvia.

Now the cultists. If Bitcoin Maxis are evangelical preachers with fire in their eyes, XRP fans are confused suburban dads who wandered into a blockchain seminar after mistaking it for a timeshare pitch. They chant “RippleNet” like it’s the second coming of Swift, but let’s get real—RippleNet doesn’t need XRP. In fact, most banks using RippleNet don’t touch XRP with a ten-foot gold-plated pole. It’s like building a highway and calling the off-ramp the car.

And the lawsuits—dear God, the lawsuits. XRP’s legal entanglements are so dense they might as well be mined. For a token that was supposed to be “regulator friendly,” it sure spends a lot of time writhing through SEC depositions like a trout in a bucket of Vaseline. And every time the court calendar updates, the price does its familiar dead-cat bounce, pumped by hope, dumped by reality, rinsed and repeated like a junkie trying to trade his bail hearing for a fresh hit of Tether.

Technologically? XRP is an embarrassment. You don’t program on it. You don’t build on it. You don’t innovate. You just transfer XRP from wallet A to wallet B slightly faster than you could have blinked, then congratulate yourself like you’ve just split the atom. Smart contracts? Forget it. Turing-completeness? Not here. It’s a glorified remittance app that thinks it’s the Messiah.

The faithful will tell you XRP is for “the banks.” Newsflash: banks don’t want your crypto. They want compliance, creditworthiness, and control—not a pre-mined magic bean sold by the same guys who wear leather jackets to court hearings.

So here it stands: a token whose entire narrative has collapsed into a perpetual self-licking lollipop, selling speed no one asked for, decentralisation it doesn’t have, and utility that dies the moment regulators say “securities law.” XRP isn’t the future of finance—it’s the ghost of a marketing budget, reincarnated in code and clinging to relevance by sheer inertia.

Let it go. Let it die. Put a coin on its eyes and send it down the river. There are better scams to waste your time on.

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▲ 2 ▼
– ThreeOneFIve 2 points 321 days ago +2 / -0

This is all hype/rant.

The CEO of XRP is very transparent about what he is doing. He applied to become a bank.

Holding XRP only has minimal financial gains unless you hold long term or there is a market spike.

The SEC lawsuits were from Biden.

https://www.iso20022.org/ These coins are already being integrated into banks, like it or not.

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