How High Does XRP Go? - Palau USD Backed Stable Coin - Pro BTC Candidate
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Show Summary
- Palau's Stablecoin: Palau is working with Ripple to develop a stablecoin backed by the US dollar to promote trade and business, and provide an alternative payment method for the unbanked population.
- Future of USD Dominance: The discussion explores the possibility of USD dominance going away, but it is unlikely to happen anytime soon, and a stablecoin backed by USD could be a good alternative for countries like Palau.
Links to Articles We Discuss
Just an influencer dropping a BOOM💥💥💥 post
— Neil Hartner (@illneil) August 20, 2023
Of All The Pro-Crypto Arguments, This One is The Weakest (and Most Disturbing)
— John Reed Stark (@JohnReedStark) August 20, 2023
Confront any crypto-enthusiast with statistics regarding the mammoth rise in crimes facilitated by cryptocurrencies, and the response will almost always be: What About Fiat? Crimes Committed With…
Summary of John Reed Stark X post:
- Whataboutism is Weak: The article criticizes the defense of cryptocurrencies by comparing them to fiat crimes, calling this line of argument "whataboutism" and claiming it's a weak and flawed reasoning approach.
- Crypto Crime Wave: Cryptocurrencies have facilitated a massive increase in crimes, including ransomware and terrorism financing. The scale of these crimes is claimed to be orders of magnitude greater than traditional finance crimes.
- Challenges in Tracing Crypto: Despite some claims that crypto transactions can be traced, the article outlines how crypto presents significant challenges for law enforcement, making tracing and recovery difficult and often impossible.
- Ransomware and Cryptocurrencies: The article highlights the connection between cryptocurrencies and ransomware attacks, asserting that cryptocurrencies enable such crimes to be committed globally with relative anonymity.
- Increase in Traditional Crimes: Cryptocurrencies are blamed for exponentially increasing traditional crimes such as drug dealing, human trafficking, and sanction evasion by countries like North Korea, Russia, and Iran.
- Crypto and North Korea's Nuclear Program: The article alleges that North Korea has stolen billions in cryptocurrencies and funneled these profits into its nuclear weapons program, making it a particularly egregious criminal application of crypto.
- US Law Enforcement Struggles: U.S. law enforcement faces significant challenges in investigating, prosecuting, and recovering assets related to crypto-related crimes. Even successful cases are rare and require substantial resources and time.
- DOJ's Response to Executive Order: The article refers to the U.S. DOJ's response to President Biden's March 2022 Executive Order, highlighting the difficulty in tracing crypto and the increased use of digital assets by criminals to launder money and evade sanctions.
- Blockchain's Lack of Positive Innovation: The article argues that, unlike other financial innovations, blockchain and cryptocurrencies haven't improved lives but initiated "digital mayhem," causing havoc and turning victims into victimizers.
- Two Primary Beneficiaries: It concludes that cryptocurrencies mainly benefit "grifters," who exploit investors, especially vulnerable ones, and criminals who use the pseudonymity of crypto to commit devastating crimes, asserting that no amount of whataboutism can counter this reality.
That is a fair point Neil. I’ll try to be brief in my response, which you know first hand, it’s always a challenge for me.
— John Reed Stark (@JohnReedStark) August 20, 2023
You believe all of these crimes I describe are the cost of freedom, and I get that, because I am a libertarian at heart.
I just disagree and do not…
Thanks Jeremy.
— John Reed Stark (@JohnReedStark) August 20, 2023
As Professor Kelvin Low said recently, “Not all innovations are inherently good, much less one that is arguably not an innovation at all.”https://t.co/veaoZWMmmV
I’m with Professor Low — and also with Professor Lee Reiners (https://t.co/rJzckqGmYw) and Professor…
Return of the XRP - SEC WARS
Epic Fail Hall of Fame inducted Gary and the SEC on July 13, 2023. Their XRP-as-security claim collapsed while XRP coolly moonwalked into the sunset, sporting its sparkling legal clarity like a new pair of Ray-Bans.
When governments fear the people, there is liberty.
When the people fear the government, there is tyranny.
How High Does The XRP Army Believe XRP Can Reach During The 2024 Bullrun
— The Bearable Bull (@thebearablebull) August 20, 2023
Because one NFT project rug pulled?
— Chip – onthechain.io (@stephenchip) August 20, 2023
Hey Alex, be sure to get your very own badass Yetis NFT here: https://t.co/zM82DhkMhr
Or, if you prefer to use fiat, get it at Supermojo: https://t.co/S2NtQFWiA3
Or get a bag of our BAY roast to order Coffee: https://t.co/xSsppo3OuI
Pro-Bitcoin candidate Javier Milei has won Argentina's primary presidential election with 30.5% of votes.
— CoinDesk (@CoinDesk) August 20, 2023
A critic of the central bank, Milei has spoken favorably of #bitcoin but has not advocated for its legal tender status. https://t.co/g2YJUSaqSs
Ripple Strikes Back – SEC WARS – T-shirt
The SEC dropped a lawsuit at the end of 2020 alleging that Ripple sold XRP as an unregistered security. Ripple Strikes Back. Game on Bitchez.