SV tech bois are gonna be pissed when they actually come to fruition with the fact that JP Morgan essentially owns both Ethereum & the SEC. This scandal is going to change everything.
I also own XLM, so I'm in that boat also.
There are technical arguments about whether the XRP Ledger is decentralized or not.
XRP Ledger is “inherently decentralized,” said Ripple CTO David Schwartz. “By design, the XRP Ledger is also—if not more so—decentralized than both Bitcoin and Ethereum.”
The XRP Ledger is commonly considered adequately decentralized, run by a global network of 150+ validators.
Here is a good overview from Quora poster Hamguy Bacon:
XRP is designed for $10,000
1 xrp can be subdivided by 1 million Drops.
1.000000 , -0.000010 drops are burned every transaction.
1 drop can equal anything. Let's say a drop = 1 cent. then XRP can easily be worth $10,000
The price of XRP needs to be high in order to be usable. In the future governments, banks and corporations will be using XRP this will be in the billions and trillions. If XRP was worth 30 cents its entire supply would run out instantly. XRP needs to be valued high to transfer large sums
"Now, a Senate committee has introduced a bill that would give the Commodity Futures Trading Commission (CFTC) "exclusive" oversight over a newly-created asset class called digital commodities that includes bitcoin and ethereum while excluding other cryptocurrencies deemed securities—a tighter definition than other proposed crypto bills.
The Digital Commodities Consumer Protection Act of 2022, introduced by the Senate Agriculture Committee this week, would see the CFTC regulate spot markets for digital commodities, amending the Commodity Exchange Act without going as far as to define which cryptocurrencies are securities.
The Agriculture Committee is expected to hold a hearing on the bill as early as September"