Good time to remind people of my Ripple paper: https://github.com/petertodd/ripple-consensus-analysis-paper/blob/master/paper.pdf

Reply to this note

Please Login to reply.

Discussion

Anyway, it's easy to understand why the strategic reserve is going to contain XRP, ETH, and SOL in addition to BTC: every one of these coins had people lobbying to be included. It's easier for centralized ones like XRP to do that.

If bitcoiners hadn't lobbied, good chance that ₿ wouldn't have even been included.

Bitcoiners did lobby, Bitcoin Magazine spent a ton of money on trump, just an order of magnitude less money than Ripple lol.

I mean, I think we're in agreement.

We are. I just find it cute that Bitcoiners think they matter here.

Looks like the one from Satoshi 😜

I'd rather lead the money - or at least figure out where it's headed. That's why I don't shitcoin. We have a word for people who follow the money. We call them 'poor.'

Do we actually want to be part of their shitcoin reserve?

Those are all projects they pretty much control.

That would be the absolute worst reserve ever. The growth of purchasing power from Bitcoin will be not only taken away by the other coins, but the whole reserve them would trend towards zero. He's a joke.

thanks Peter, gonna read it