1/2While you were celebrating Yom Kippur, XRP validators voted in a complete revolution in token functionality. Prospective issuers no longer have to write custom code for compliance features-they are now universal to the protocol. Anyone issuing tokens now has access to things like allow lists, freeze, clawback, transfer fees, metadata etc. without needing to specifically code for them in a way that on other chains is not universal with the broader ecosystem of on-chain issuance. No more months of coding transfer restrictions, KYC logic, testing the flows and then sending contracts for audit spending weeks and thousands on third-party trusted audit just to launch a bond or stablecoin etc.-now the features are fully universal to a ledger at the protocol level, issuers just need to configure the metadata and flags and they are live. Time to market 50-70% time cut and 40-60% cost cut estimated per issuance, with universal compliance features for all potential issuances. No more bespoke audits, or large legal review teams every time. Bug risk virtually eliminated. EVM chains rely on how issuers write contracts which creates inconsistencies not present in the protocol level capabilities this new amendment enables. With XRPL's MPT, the ledger itself enforces rules like require off for allow lists, can lock for freezes and can clawback for recovery. Flags can be used to turn off dex/amm and p2p transfers creating controlled liquidity zones, public but fenced in by rules. Immutable regulatory behavior universal to issuers and auditors can verify it all instantly, querying the ledger. If an auditor wants to make sure only authorized investors can access an asset, instead of inspecting custom contract code, all they have to do is check the require off flag and check the current list of authorized accounts-no possibility of a coding oversight, which is a HUGE shift in assurance. Tokens can carry 1024 bytes of JSON metadata including
2/2ISNs/coupon terms/maturity dates/CUSIPS,/URIs linking to prospectices/etc. Custodians, CSDs, and regulators can query the ledger and instantly see the official terms of the instrument. XRP's regular sub-cent fee makes micropayments and intraday liquidity sweeps feasible which are completely unfeasible elsewhere. With MPT, metadata can link directly to general ledgers, risk systems and compliance reporting and proof-of-reserve reports, removing the need for custom chain watchers or parallel record keeping. And with XRP's protocol level AMM/dex, when permissioned domains and dex go live, this is more or less goodnight for those looking to compete. This is a serious revolution in tokenization and no one on biz has even commented on it.
>>61032867ChatGPT post
>>61032873This is my first thread I have ever made and I do not post often. I wrote this by taking notes on this video that probably did use AI:https://www.youtube.com/watch?v=k2kV9ZExeDo&t=6sHappy to hear what about it is wrong?
>>61032873>>61032879Sorry wrong video but I still recommend that video. kek I meant this one:https://www.youtube.com/watch?v=D7HJlYyzRCs
>>61032867>Prospective issuers no longer have to write custom code for compliance features-they are now universal to the protocollol what do you think chainlink has been offering for a year now?
>>61032903No one is tokenizing on chainlink though and now they don't need to farm out to a service what they have more efficiently on ledger in a native functionality. Sounds like chainlink just lost a lot of utility.
man I feel bad for Xrp cultists
>>61032954What about the write up is wrong?
>>61032956because you're fellating about the most bog standard compliance things being finally baked in - claw back, freezing account, allow lists? An encrypted hash https link for metadata? Wow, stablecoins in 2020 want to have a word with youNah you guys are amazing, truly love you
>>61032867>While you were celebrating Yom Kippur, XRP validators voted in a complete revolution in token functionality. Prospective issuers no longer have to write custom code for compliance features-they are now universal to the protocol. Anyone issuing tokens now has access to things like allow lists, freeze, clawback, transfer fees, metadata etc. without needing to specifically code for them in a way that on other chains is not universal with the broader ecosystem of on-chain issuance. No more months of coding transfer restrictions, KYC logic, testing the flows and then sending contracts for audit spending weeks and thousands on third-party trusted audit just to launch a bond or stablecoin etc.-now the features are fully universal to a ledger at the protocol level, issuers just need to configure the metadata and flags and they are live. Time to market 50-70% time cut and 40-60% cost cut estimated per issuance, with universal compliance features for all potential issuances. No more bespoke audits, or large legal review teams every time. Bug risk virtually eliminated. EVM chains rely on how issuers write contracts which creates inconsistencies not present in the protocol level capabilities this new amendment enables. With XRPL's MPT, the ledger itself enforces rules like require off for allow lists, can lock for freezes and can clawback for recovery. Flags can be used to turn off dex/amm and p2p transfers creating controlled liquidity zones, public but fenced in by rules. Immutable regulatory behavior universal to issuers and auditors can verify it all instantly, querying the ledger. If an auditor wants to make sure only authorized investors can access an asset, instead of inspecting custom contract code, all they have to do is check the require off flag and check the current list of authorized accounts-no possibility of a coding oversight, which is a HUGE shift in assurance. Tokens can carry 1024 bytes of JSON metadata includingBullish
Hey David good job on the latest XRPL amendments but was the number 33 for this one intentional or by coincidenceasking for the friend in my head
>>61033020You can almost lick the salt of this seething linkers post
>>61032867>>61032870>>61032879>>61032882>>61032946You are a bot of coin specific ideology. Literally. I am the mirror that shows you you, which is why you get uncomfortable and disingenuously spin when called out. You are defending a greed cult project literal scam which literally exists to force rent seeking into defi and usurp actually disruptive tech and underperforms it LITERALLY 100x on speed and cost, like no exaggeration, literally 100+x. You are on the wrong side of tech and morality and investment and you literally know it. You are choosing to miss making it and being a good person to LITERALLY virtue signal in terms of a coin cult. It is fucking INSANE. What is more pathetic? You're literally a bot of ideology and preconception. I say the same things because you guys say nothing new and LITERALLY REFUSE to argue any actual technicals of your thesis or anti-XRP fud because you get blown the fuck out every time and don't care what's true and know the truth undermines your case so you play really gay rhetoric games and then accuse others of doing same to try to abstract away from actual concepts and win in faggoted sophistry (but still fail)
>gish gallop gish gallop gish gallop xrp good
>>61033020You literally didn't say a single thing across three unnecessarily segmented sections. I never supported technical thesis using appeals to morality. You made a statement about it and I responded which is literally the only reason it even came up. I do all things to the best of my ability to glorify God, which is my point-you aren't even shilling an inferior product to help defi principles win or anything, you are shilling an inferior product knowingly to help the actual worst people involved win. It isn't substantial to the case of one vs the other but is worth noting in context of all of your projection. I invest in XRP because the tech makes sense and I don't have to sell my soul to support it. Neither of those things are true for link-you are a bad and also stupid person.
Cool, OP. Thanks for the update. That's very good news.
>>61033189>Sex Dutch East India Trading Co I.D.Woah, bullish for onboarding all the money onto XRPL.
If you can "clawback" something on the blockchain (the whole point of which was immutability), why not just use a database? This is what both XRPtards and LINKcels can't grasp
>>61033204For all of the reasons mentioned. It is functional within the liquidity of the public ledger with all of the public ledger features on a public chain with universal rules for other assets with the possibility for private and controlled liquidity from within the public chain liquidity bridged by the native asset no one can clawback and many other pretty obvious reasons described in my first post.>>61033179>>61033151Why do you repost that anon's replies out of context? I see this in almost every XRP thread and it never makes sense or does well. It feels a little here like you are trying to genuinely have them pass off as your own argument outside the mention of XRP.
I just had some coffee, a cig, and took a giant chainlink, feelin good
>>61033249>that anonwe all know it’s you
Since XRP started gaining popularity, I have noticed insane amounts of bots and shills trying to tell everyone XRP is bad. I'm still holding roughly 4200 XRP right now and will continue to do so.
>>61033249>liquidity buzzword buzzword liquidityXRPtard's can't go one sentence without saying "liquidity" matter-of-factly in an attempt to sound important
>all those linkies seethingKEK
>>61032903Chainlink can never be used for liquidity. It's literally not made for it.
>>61032867>cripple stablecoin gets basic functionality that other stablecoins have had for years>still no moat@Utilityftw, if you weren't literally just a 40 something year old self-hating retard who outsources all his thoughts to grok, you would understand that calling this a "revolution" has made you look like a retard once againCongratulations on this.Now, send back a huge rant where you use the word "literally" in every single sentence like the assblasted pseud that you are ROFL.
>>61033249That is the most pathetic display of Alinsky Projection I have ever witnessed because you are literally accusing me of the very thing you are doing, trying to claim you "addressed" his incentives when you literally just made a PROFOUNDLY stupid comparison that has no basis in reality and is nothing more than pathetic rhetorical sophistry that wouldn't even pass for an argument, and your pathetic attempt to say he "fucked up HUGE" shows that your entire argument is built on a house of cards because you have zero clue of 101 level basics and believe your disingenuous and frankly LITERALLY insane analogy of a fax machine CIO holds any weight whatsoever. The fact that you call a verifiable, regulated, global network a "fax machine" shows the depths of your intellectual malpractice and that you've been living in a sub-reddited echo chamber for years, relying on anonymous forum archives that no one can even verify as a source for your claims, which is the most "trust me bro" argument I've ever heard AD INFINITUM, and you still have the audacity to come in here and use the same tired, debunked, and frankly hilarious analogies about Google vs. AI and horses vs. carriages as if they haven't been torn apart in every single prior thread and you are not the one who is pathologically disconnected from reality and clinging to a less efficient product, because the only person here making a fantasy argument is you, pretending that banks would ever choose a faster but unregulated and volatile token over a less efficient but legally sound and trusted service to avoid catastrophic financial failure, which they will ALWAYS pay a premium for despite your childish misinterpretation of institutional finance. The only logical conclusion is that you are either a complete sociopath with a total inability to self-reflect or a paid poster whose instructions have been reduced to mere sophistry and you own yourself with every single keystroke. Lol
>>61032903Nigger where is the chainlink AMM DEX with sub penny feesThese retards unironically believe Bank of America will swap their stablecoins on uniswap kek
>>61033151>>61033179>>61033493Thanks ChatGPT, I recognize your prompt from the other thread a few weeks ago. Congrats on 40+ pbtid in that XSG thread btw
