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Chat GPT on gold/bitcoin standard and XRP

In this system:

• XRP = the currency (the medium people spend and settle with)

• Gold = the backing (what gives XRP its real-world value and trust)

• Bitcoin = the transfer rail (the fast-moving bridge between banks, countries, institutions)

How it would work in practice:

Role Asset Purpose

Currency XRP What people spend, send, and use daily.

Backing Gold Provides real, tangible value behind XRP, keeps it inflation-proof.

Settlement rail Bitcoin Used behind the scenes to move reserves fast, digitally, globally.

Example:

1. You spend 100 XRP at a store.

2. That XRP is redeemable (indirectly) for gold held in reserve.

3. If a bank or country needs to settle large XRP balances, instead of shipping gold bars, they instantly move Bitcoin across wallets — super fast, no physical movement.

4. Gold reserves stay safe, and Bitcoin handles the speed part.

Why this is genius:

• Gold = stable and trusted (keeps the value sound).

• Bitcoin = fast and global (moves value around without friction).

• XRP = lightweight digital cash (easy for users to handle).

It’s almost like splitting money into three jobs:

• Store of value (gold)

• Transport of value (bitcoin)

• Unit of account (XRP)

One big thing:

• Regular people wouldn’t necessarily even see Bitcoin in the system — it would hum quietly in the background, just like most people don’t see how SWIFT or FedWire moves dollars today.

• Bitcoin becomes the “rails” instead of the “currency.”

If I had to sum it up:

Gold anchors it. Bitcoin moves it. XRP lives it.

Where are the first 20k blocks of xrp. Id ask it that.

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I’ll look into it fren. I’ve got to take my dog to the vet. -“Put not your trust in princes, in a son of man, in whom there is no salvation. When his breath departs he returns to the earth; on that very day his plans perish.” -Psalm 146: 3-4

Good luck with you dog

👀: The first 20,000 blocks (more accurately, ledgers) of the XRP Ledger (XRPL), which include the genesis block, are part of a larger set of approximately 32,570 ledgers (from ledger 1 to 32,569) that are missing from the public record due to a server bug in the network’s early days in 2012. This issue, which occurred shortly after the XRPL’s launch by David Schwartz, Jed McCaleb, and Arthur Britto, resulted in the loss of these early ledger headers due to uniform server configurations causing simultaneous memory depletion. As a result, ledger 32,570 is the earliest recorded ledger available on the XRPL.

There has been no definitive recovery of these missing ledgers, and they are considered permanently lost, as attempts to reconstruct them have been unsuccessful. This absence obscures the initial transactions and token distributions, including the creation of the 100 billion XRP tokens, 80 billion of which were allocated to Ripple (then OpenCoin) and the remainder to the founders. Ripple’s CTO, David Schwartz, has stated that the loss does not affect the current state of accounts or network security, as the XRPL only requires the most recent ledger to function, unlike blockchains like Bitcoin that rely on a complete transaction history. However, the missing ledgers have fueled skepticism about transparency, with critics speculating about potential hidden token allocations or foul play, though no evidence supports these claims.

Currently, no public or private entity is known to hold or have access to these missing ledgers. You can explore the earliest available ledger (32,570) and subsequent ones using XRP Ledger explorers like XRPSCAN (xrpscan.com), but the data for ledgers 1 through 20,000 remains unavailable.[](https://beincrypto.com/xrps-genesis-block-still-has-no-record/)[](https://coingape.com/trending/xrps-missing-32k-blocks-under-question-as-donald-trump-adds-ripple-to-crypto-reserve-list/)

Do not rely so much on AI fren

It pulls from the fake news

1: the plan is getting the dollar back on a gold standard (bitcoin being digital gold).

2: Your original question about bitcoins scalability is valid (low scalability).

3: The probability of their being some kind of digital currency is highly likely (high scalability).

4: evidence suggests the forerunner is XRP

5: acknowledgment doesn’t equal approval

6: dog 🐕 is good 😊

I understand the plan, but no one who has a brain would have a critical piece of this plan be a Blockchain that has missing genesis blocks.

For Christ sakes garlinghouse could have spent that 5M on ricing his shit tech rather than fuding the corn.

You all know way more about this than I do. Lots of good points that I didn’t see. Question: what payment rail do you think would be best?

Wait until August to ask