Anyone know the answer?
How would Bitcoin handle the transactions of 8 billion people, when it can just do 2,000 every 10 minutes? And this number is declining, because transactions are getting longer and longer. Most transactions break apart bigger spendable transaction outputs and create smaller ones. Soon the Bitcoin network will only be able to handle 1,000 transactions in 10 minutes (1 block).
It will only be for moving large purchases moving to cold storage and interactions between companies, banks and nations.
Layer 2 Layer 3 technologies scale bitcoin
The main chain will never be able to handle a single country’s transactions. It can only scaled with layers built on top. But, this is the only way to keep it decentralized.
I imagine there will also be a significant portion of the population holding BTC at exchanges. Transfers intra exchange would be simple. For inter exchanges transfers, I imagine some sort of "block" transaction , allocating to different accounts. Essentially 1 on chain transaction but affecting multiple accounts.
I don't imagine most folks being on cold wallets...what's important is the availability of self custody to exist, not that everyone adopts self custody imo.
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.
⸻
XRP is shit
Stay away from XRP
No. Fuck XRP. Fuck Ripple too.
Where are the first 20k blocks of xrp. Id ask it that.
nostr:npub1hnr3gel3f2u6g62nkl6x2m6xmnrw9kp4wre2th66e24ealx92n6s9tltj5 you need to understand this question
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.
Lightning ⚡️
Cashu > Lightning > Bitcoin.
XRP can fade into the ether. Why why why do people want that hugely premined turd to succeed?!
Layer 2
Bitcoin would be used to settle larger transactions like gold shipments yearly for countries trade imbalances in the old days
Scarcity and immutability are the most critical features, do or die, not scalability. You can easily solve for scalability.
Your numbers are off & that's not exactly how transaction density works. We regularly settle 3K-5K transactions per #Bitcoin / #BTC block. 💁♂️
If you're truly concerned about this becoming a problem moving forward, simply combine your UTXOs now while it's criminally cheap to do so. 🤷♂️
Even still, we can infinitely scale throughput via #Lightning & other L2/L3 solutions. 🤙
Either L2s like Lightning and Cashu or Kaspa as another L1 will solve the problem, but Bitcoin on-chain will not be able to do that.
Time will tell what we will using.🫡⚡️
Too many smart people working on it today.
FYI: Not a proponent of XRP/Ripple and I don’t know Jack shit about nothin’. However, the writing seems to be on the wall. This is from GROK:
RippleNet, the global payments network developed by Ripple, has established a robust ecosystem of partnerships with financial institutions, payment providers, and other organizations worldwide. As of April 2025, RippleNet connects over **1,000 financial institutions** across more than **55 countries and six continents**, processing millions of transactions worth billions globally. These partnerships leverage Ripple’s blockchain technology, including the XRP Ledger (XRPL) and solutions like On-Demand Liquidity (ODL), to facilitate faster, cheaper, and more transparent cross-border payments. Below is a detailed overview of RippleNet’s partnerships, their significance, and how they relate to your query about XRPL as a digital ledger for a U.S. government promissory note backed by Bitcoin and gold.
---
### Overview of RippleNet Partnerships
RippleNet’s partnerships span banks, remittance services, fintechs, and central banks, focusing on improving cross-border payments, liquidity management, and financial inclusion. Key features of these partnerships include:
- **Speed**: Transactions settle in 3–5 seconds, compared to 1–5 days for traditional systems like SWIFT.[](https://dailycoin.com/which-banks-use-xrp-exploring-ripple-global-network/)
- **Cost**: Fees are fractions of a cent, reducing costs by up to 60% compared to legacy banking solutions.[](https://cointelegraph.com/news/ripplenet-to-boost-remittances-across-asia-with-new-partnerships)
- **Liquidity**: ODL uses XRP or RLUSD (Ripple’s USD-backed stablecoin, launched December 2024) as bridge currencies, eliminating pre-funded accounts.[](https://www.aldomedia.com/blog/list-of-companies-using-xrp-ripple)
- **Interoperability**: Integrates with existing banking systems via APIs and complies with ISO 20022 standards.[](https://ripple.com/ripplenet-committee/)
- **Compliance**: Adheres to AML/KYC regulations, with SOC 2 certification for secure data management.[](https://ripple.com/ripplenet/)
### Key RippleNet Partnerships (As of April 2025)
The following are notable partners, categorized by region and type, based on recent data:
#### Major Banks
- **Santander (Spain/Global)**: Uses RippleNet for One Pay FX, enabling instant cross-border payments. American Express partnered with Santander to enhance real-time business transfers.[](https://usethebitcoin.com/resources/6-biggest-banks-using-ripple-products/)[](https://www.21shares.com/en-us/blog/xrp-swift-on-the-blockchain)
- **Bank of America (USA)**: Explores RippleNet for interbank settlements, improving efficiency.[](https://www.aldomedia.com/blog/list-of-companies-using-xrp-ripple)[](https://www.21shares.com/en-us/blog/xrp-swift-on-the-blockchain)
- **American Express (USA)**: Adopted RippleNet in 2023 for instant business payments, saving costs and improving customer experience.[](https://usethebitcoin.com/resources/6-biggest-banks-using-ripple-products/)
- **UBS (Switzerland)**: Joined RippleNet in 2018 to simplify payments, leveraging over $1 trillion in assets.[](https://usethebitcoin.com/resources/6-biggest-banks-using-ripple-products/)
- **National Bank of Abu Dhabi (UAE)**: First Middle Eastern bank to use RippleNet for international transfers.[](https://usethebitcoin.com/resources/6-biggest-banks-using-ripple-products/)
- **Canadian Imperial Bank of Commerce (CIBC) and National Bank of Australia (NAB)**: Joined in 2022 to adopt ODL for instant payments, collaborating with Bank Leumi (Israel).[](https://financefeeds.com/ripples-array-partners-expands-cibc-nab-join-ripplenet/)
- **Itaú Unibanco (Brazil)**: Deploys RippleNet for faster payments in Latin America.[](https://www.aldomedia.com/blog/list-of-companies-using-xrp-ripple)
- **Siam Commercial Bank (Thailand)**: Uses RippleNet for cross-border remittances.[](https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/)
- **SEB (Sweden)**: Enables real-time transfers between Sweden and New York accounts.[](https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/)
#### Remittance and Fintech Providers
- **Tranglo (Southeast Asia)**: A key ODL partner, Tranglo eliminates pre-funding in 20+ countries, enhancing remittances.[](https://ripple.com/solutions/cross-border-payments/)[](https://digitaloneagency.com.au/are-banks-using-xrp-the-truth-behind-ripples-banking-partnerships/)
- **SBI Remit (Japan)**: Uses XRP for international transfers, with over 80% of Japanese banks expected to integrate Ripple solutions by 2025.[](https://digitaloneagency.com.au/are-banks-using-xrp-the-truth-behind-ripples-banking-partnerships/)
- **MoneyGram (Global)**: Utilizes ODL with XRP for faster, cheaper remittances, focusing on high-volume corridors.[](https://www.krayondigital.com/blog/ripple-partners-for-global-cross-border-payments)[](https://br.cointelegraph.com/news/ripplenet-to-boost-remittances-across-asia-with-new-partnerships)
- **Cuallix (Mexico/USA)**: Early adopter of xRapid (now ODL) for U.S.–Mexico payments, reducing costs.[](https://usethebitcoin.com/resources/6-biggest-banks-using-ripple-products/)[](https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/)
- **Bitso (Latin America)**: Major ODL partner for remittances, improving flows to Mexico and beyond.[](https://www.aldomedia.com/blog/list-of-companies-using-xrp-ripple)[](https://www.21shares.com/en-us/blog/xrp-swift-on-the-blockchain)
- **Onafriq (Africa)**: Connects Africa to the UK, GCC, and Australia, using Ripple Payments for cost-effective transfers.[](https://www.krayondigital.com/blog/ripple-partners-for-global-cross-border-payments)
- **Sentbe, Hanpass, WireBarley (South Korea)**: Joined in 2020 to bolster remittances, handling over $6.2 billion annually.[](https://cointelegraph.com/news/ripplenet-to-boost-remittances-across-asia-with-new-partnerships)
- **Azimo (UK)**: Uses ODL for a Philippines corridor, reducing liquidity costs by up to 60%.[](https://cointelegraph.com/news/ripplenet-to-boost-remittances-across-asia-with-new-partnerships)
- **Flash Payments (Australia)**: First Australian firm to use ODL, holding an AFSL license.[](https://blog.flash-payments.com/ripplenet-partners-list/amp/)
- **LianLian (China)**: Uses xCurrent for instant payments in 19 currencies, connecting Chinese e-commerce to global banks.[](https://coinbureau.com/news/large-chinese-payment-network-partners-ripple-come/)
#### Central Banks and Governments
- **Royal Monetary Authority of Bhutan (RMA)**: Leverages Ripple’s CBDC platform for financial inclusion and digital transactions.[](https://www.21shares.com/en-us/blog/xrp-swift-on-the-blockchain)
- **Saudi Central Bank (SAMA)**: Tests Ripple for modernizing remittances.[](https://www.aldomedia.com/blog/list-of-companies-using-xrp-ripple)[](https://www.21shares.com/en-us/blog/xrp-swift-on-the-blockchain)
- **Bank of Thailand (BOT)**: Explores DLT-powered cross-border settlements.[](https://www.aldomedia.com/blog/list-of-companies-using-xrp-ripple)[](https://www.21shares.com/en-us/blog/xrp-swift-on-the-blockchain)
- **National Bank of Egypt**: Uses RippleNet to expand remittances in the Gulf region.[](https://br.cointelegraph.com/news/ripplenet-to-boost-remittances-across-asia-with-new-partnerships)
- **Bank Asia (Bangladesh)**: Onboarded in 2020 for cross-border payments.[](https://cointelegraph.com/news/ripplenet-to-boost-remittances-across-asia-with-new-partnerships)
#### Other Notable Partners
- **Deloitte**: Consults on Ripple’s blockchain applications for digital payments.[](https://www.aldomedia.com/blog/list-of-companies-using-xrp-ripple)
- **Western Union**: Testing RippleNet for cross-border efficiency.[](https://www.aldomedia.com/blog/list-of-companies-using-xrp-ripple)
- **MoneyTap (Japan)**: Ripple-powered instant payment app.[](https://www.aldomedia.com/blog/list-of-companies-using-xrp-ripple)
- **Hidden Road**: Uses XRPL and RLUSD for post-trade prime brokerage services, managing collateral.[](https://x.com/_Crypto_Barbie/status/1914003273918325085)
- **Ondo Finance**: Partners with Ripple to mint OUSG (tokenized U.S. Treasury securities) using RLUSD, enhancing XRPL’s role in DeFi.[](https://www.21shares.com/en-us/blog/xrp-swift-on-the-blockchain)
- **Clear Junction (UK/EU)**: Facilitates GBP and EUR payouts, expanding RippleNet’s European reach.[](https://www.krayondigital.com/blog/ripple-partners-for-global-cross-border-payments)
- **MoonPay**: Distributes RLUSD, boosting stablecoin adoption.[](https://www.aldomedia.com/blog/list-of-companies-using-xrp-ripple)
### Regional Highlights
- **MENA**:
You was warned...
With layer two or layer three 🤷♂️
