🚨Unfiltered Crypto Insights 15th Aug 🚨 Live with RA George (Blockchain DXB) and Markose Chentittha (Society X) : Live via LinkedIn at 10:00 AM GST
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Episode Description:

In today's episode, we dive deep into Ripple's technology, its legal battle with the SEC, and its role in cross-border payments. Join us as we break down how Ripple works, the implications of recent court decisions, and the future of Ripple in the crypto ecosystem.

Discussion Points:

- How Ripple Works:

• Overview of Ripple’s technology and how it facilitates cross-border payments.

• Explanation of IOU and permissioned blockchain.

• Insight into Ripple Protocol Consensus Algorithm (RPCA) and its network of independent validating servers.

• Clarification that Ripple does not use proof-of-work or proof-of-stake mechanisms.

• Exploration of Ripple’s main use case in cross-border payments.

Ripple vs. Open Blockchain:

• Comparison between Ripple’s permissioned approach and open blockchain’s permissionless, borderless, and censorship-resistant nature.

• Discussion on whether Ripple uses blockchain technology (Spoiler: No).

• Can Ripple exist without XRP?

Ripple vs. SEC:

• Latest court decisions: Ripple’s $125M fees (down from $2B) and the SEC’s arguments on Ripple’s alleged illegal sales of XRP.

• Breakdown of the Howey test and its application to Ripple's case.

• Analysis of institutional sales, programmatic sales, and other distributions.

• Speculation on whether this could lead to a loss of adoption by banks.

• Conclusion: Not a win for Ripple, nor for the SEC.

Ripple Stablecoin RLUSD:

• Introduction to Ripple’s stablecoin RLUSD and its test on Ethereum.

• Ripple’s partnership with DIFC Innovation HUB to promote “blockchain.”

CPI Numbers & Market Analysis:

• Discussion on the recent CPI numbers (2.9%) and the implications for inflation.

• Predictions on Fed Chair Jerome Powell's next move regarding interest rates.

• Potential market and crypto crash if the interest rate remains unchanged.

Bitcoin Miners Update:

• Overview of the US government moving 10,000 BTC to Coinbase Prime—speculation on a potential market dump.

• Bitcoin miners' revenue hitting a yearly low ($2.54 million) and the challenges they face.

• Insight into the possible shift from Bitcoin mining to AI, considering its energy requirements.

Altcoin Spotlight: PlayDoge and MPEPE:

• Analysis of a $10M investment from a Dogecoin whale and its potential impact—hit or nothing burger?

Markose’s Updates:

• News from the Oort Foundation, Society X, and Blockchain DXB.

• Preview of an upcoming interview with Max Li.

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