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Andrew Taylor
@Andrew_8t20
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bitcoin, entrepreneur, husband, father, christian, neurodiverse, athlete, blackbelt, traveled 41 countries/lived in 3, covid unvaccinated, anti-woke
Joined January 2022
@libsoftiktok Government funded protest against citizens wanting government to stop wasting their money on stupid shit like protesting
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Any utility XRP has, will eventually be built on Bitcoin layer 2 or 3. XRP is less secure, meaning you are trading security for utility. This trade off will not be required in the future and when people have the option, they will of course choose the most secure option for a global monetary network.
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@treydayway So the left is now deadnaming the Gulf of Mexico after its transition… the left is so fickle
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@bariksis Yeah vol up vol down… vol down again vol down further… more vol down and now no more vol… fuck your calls bulls - thanks Saylor
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@LeviRietveld The funny thing is that in the background the XRP pitch to government and banks is - “yes we have ultimate control if and when needed”
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@acnewsitics It’s really amazing how the left sheeple can ignore or defend the waste fraud and abuse being found.
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@HammerToe @ericyakes Yes - but the centralized power and majority will deem you the bad actor and/or you will be excluded or exclude yourself from the dominant network.
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@HammerToe @ericyakes Indeed, there is a difference between the security given on Bitcoin’s blockchain vs XRP. XRP is less secure and more centralized, leaving it at higher risk. That's the primary point. People need to understand it is not like Bitcoin. And not Bitcoin 2.0.
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They can if they facilitate consensus with 80% of nodes and then all their partners and banks accept the change and they run the accepted ledger. Like ETH mainchain vs ETC after the fork —which one did the majority of people support? The official one supported by eth foundation. The point is Ripple can, like with Bitcoin you can also, if you can perform and sustain a 51% attack you can alter the ledger. However the required real world resources and energy make it impossible. It is not impossible for Ripple to do this. That is the security flaw i am pointing out.
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Expanding the money supply is most likely, as all governments and banks facilitate today. But they could also make protocol changes, censor transactions, etc. These could be minor things people maybe don't care so much about and don't feel like forking/fighting over it, but the fact is they could do it if they wanted to, and the result would be a forked ledger where ripple and its centralized force (usage/utility) shift to their version.
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@HammerToe @ericyakes The risk is that it would be your nodes that diviate from the ongoing consensus. Ripple and all its banking partners and institutions, their centralized inner circle will of course side with them and their version of the ledger.
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@donwinslow Acceptance: “they are stealing your tax dollars” (theft; fraud; waste) Outrage: “they broke into the databases” (that the president of the united states told them to)
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@HermanMashaba Why stop at 60 years ago, why not keep going and focus on 200/300 years ago when 1.5 million white Europeans were sold into the African slave trade?
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Even if you run your own node with a custom UNL, consensus on XRP depends on 80% of the trusted validators. Most servers use the default UNL—which Ripple controls—but even if everyone changed it, Ripple could flood the network with its own virtual nodes, and it can quickly expand so that 80% of validators are under its control. It would come with a beautiful, well-funded marketing and PR campaign pushed by the CEO to justify it or even pretend that they’re not doing it and pretend that there is community consensus on the change. In that case, your independent node would be a mere drop in the bucket. Unlike Bitcoin’s system, which requires real-world work and cost (mining) to secure the network, XRP’s consensus is purely based on validator votes. This means the potential for Ripple to manipulate the ledger remains a risk.
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Many things outperform BTC in a short timeframe. Same with putting your entire net worth on red at a roulette table; it can outperform, but it comes with risk. The delusional people are the ones who cannot see or understand the risk with XRP and Ripple's ability to modify and control the ledger in the future if they desire or are compelled to do so.
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