Hi guys,

Please read the whole blog and follow. It will keep you informed.

https://www.publish0x.com/the-great-reset

In line with the previous posts, and to complete the picture, the powers that be are pushing for a great reset of the financial world. This will serve 3 important purposes:

1. It will fix the damages of the old financial system. Having the ability to print money out of thin air is preposterous.

2. It will give them a clean slate for all thefts that were done in 109 years, while they keep the real assets purchased with that stolen fiat easily printable paper.

3. The new setup will be based on a technology (Blockchain) that gives them full control over humanity, and keeps all people under check. You will not be able to do anything outside their control. Everything is completely transparent. The ultimate governance system. A one world order, that govs act as policemen for the powers that be.

The new financial system shall be trustless, transparent, interoperable, scalable, energy efficient, cheap if not almost free, super fast, secure, and money and assets within this system can't be created out of thin air. The above descriptions match one and only one thing that currently exists, and that is the phoenix, the XRP, operating on the XRP Ledger. Now, whether you like XRP or you hate it, the above is totally true. You can't argue with it. What you can argue about is: Can ETH or BTC compete? We shall discuss that.

Why XRP?

There is no need for XRP to be the new standard, right? Well, not really. First, Ripple is a US based company. That by itself has some weight. Then, Ripple has a long history of success with the XRP Ledger and with providing fast and secure on demand liquidity solutions. It already worked with so many banks and money transfer organizations, and it has a very robust and even anti-quantum computing hack build. No other company is as big or as connected as Ripple. CBDCs will be issued on the XRP Ledger, and they will be exchanged in real time on it as well.That by itself is so important.

So, let's move on and check if there are other cryptos that can be used or even come close. Well, the real answer is, there are few very innovative solutions, but not as big or mature as Ripple's XRP Ledger and XRP Token. They will lack something.

Due to the nature of BTC, ETH, XRP, and the other cryptos, we'll first limit the comparison to ETH, as a counter party for XRP. The rest of the coins will fall between those two extremes. BTC is no match for any other cryptocurrency, and yes it is no more than a Store of Value, kept for sentimental reasons only.

Please keep your own ideas and logic aside and let's try to ration the following:

1. Do you know that the great emphasis on the environment and global warming all around the world is so FAKE? Yes, you heard it right, it's fake. Now, that I got your attention, BTC is an environmental disaster. ETH is still an environmental disaster and ETH is way far from ETH 2.0. Any Proof of Work coin is an environmental disaster. XRP doesn't require any energy to send. It can even operate offline. That's 1 for XRP.

2. XRP is the most scalable, interoperable coin available at the moment. ETH suffers/suffering/will continue to suffer from the scalability issue for years. Other coins vary between these two.

3. XRP is the cheapest crypto when it comes to gas fees. Talk about ETH gas fees and get started on heart medications. Other coins vary between cheap and expensive.

4. XRP will support smart contracts, NFTs, Tokenization of all assets, ... with the emergence of Flare, and the good news is Songbird is already showing great promise to the real Sparks. Buying NFTs on ETH is like cutting your own arm for food. Other coins vary in between these two.

5. XRPL is used by many banks and central banks all around the world. Many exchanges and money transfer services are already using XRPL. It is actually providing real services and real utility to the world. ETH is only consuming extreme gas fees and is so slow.

6. Maybe the most critical issue with XRP is that it is centralized, right? Sadly not. I ran an XRPL Node for a few weeks. You can do that. But ETH mining is mostly done in the US now. Is that fair to call it decentralized? Many ETH lovers claim that ETH is decentralized. Look at the hashing distribution then let's talk about centralization. XRP is as decentralized as possible.

7. The Final Cut Throat is, if you think that you want to live in a decentralized world, then anarchy is your best bit, but few will be able to survive in an anarchists' world. Good govs do provide safety and security. I'm not against good govs. I do have issues with both bad govs and bad anarchists the same way. Before you say you hate monetary centralization, and you are for decentralization, remember that ETH is so anti-privacy, and is so anti money back guarantee if it is lost because of a mistake, and is so high in transfer fees, and is so slow, and is so controlled by the miners/stakers. You need to understand that pushing for money decentralization is basically calling for an anarchists' world. Be careful what you wish for.

I hope you understand that I'm not against having full power over your own money, but I'm just not with losing my privacy too. ETH transactions, amount in wallets, and KYC = no privacy. Not that XRP is better in this regard, but with XRP, at least you still get your transactions cheap and fast and secure.

The story was already told 33 years ago. The Economist January 1988. Thumbnail picture.

Have a great day.

More later