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Hello this is Matt on the moon Lambo Channel I have two stories to share with You in this latest Moon Lambo Hot Hot Hot Hot Hot Jam starting with this one From you today Ripple CTO battles xrp Ledger Skeptics amid scrutiny and then There's this one from the crypto basic Ripple CTO says other projects using xrp Is beneficial for xrp because it Bolsters demand now of course that Headline uh which could just be a Sentence seems very obvious but it's Fascinating because there are people That still think that Ripple is perhaps Doing Shady things um and so David Schwarz ends up pushing back against This I'll explain it all but before Going further I do want to be clear I do Not have a financial backround of any Kind I am not offering Financial advice And you definitely should not buy or Sell anything because of anything I say Right I'm just an Enthusiast who enjoys Making YouTube videos about Crypt Related topics but just as a hobby and Just for fun now it does seem to me in Both instances here that a root Concern has to do specifically With ripple profiting from xrp and or Selling Xrp and it's just astonishing to me that This is still a thing this has been a Known quantity for roughly a decade Ripples the quantity of xrp they hold
What they're doing with it known Quantity known factors yet still in 2024 there's concern and um well Certainly concern about it but in some Some people's cases disdain and so I Look To be clear anybody that has a problem With ripple holding as much xrp as they Do or selling their own xrp for a profit If you have a problem with that fine I Actually respect that I don't which is Why I'm here for the people that do have An issue with that fine you don't have To participate in anything having to do With xrp that's it's a fair critique Actually I just don't care I don't I Don't view it as some sort of major Negative um I that's just there's always Been concerns the whole time since well Since before I jumped into crypto over Six years ago there's always been Concerns uh you know bandied about about Ripple just dumping on the market Cratering uh you know cratering the Price of xrp forever exiting stage left So and so for there's always been people Saying stuff like that now of course With ripple having the most to lose Should the xrp ecosystem not be Sustainable long term I don't know why They do that that never made sense to me So I don't Care anyway this first piece again Titled Ripple CTO battles xrp Ledger
Skeptics amid scrutiny reads as follows Ripple Chief technology officer David Schwarz has reacted to a Critic who Claimed that xrp ledger was a quote Zero Sum game in quote the attention of the Ripple CTO was drawn to a comment by an Ex-user who mentioned the context of the Zero Sum game for xrp Ledger Schwarz Delved further asking the user what he Meant by Zero Sum game to which he Replied that there was no product to Generate income this prompted the Ripple CTO to explain the fundamental of xrp Ledger and its features Schwarz Describes xrp Ledger as quote a product That provides the service of Transferring xrp and issued assets and I'll actually just pull up the exact Thread here from social media platform X And this is what David Schwarz had to Say right here and again if anybody has An issue with what Ripple's doing with Their xrp fine again I legitimately Respect that I don't care I I don't Think it Matters I mean frankly it's really Nobody's damn business anyway like Ripple doesn't have to be as transparent As they are and the fact that they have Been so transparent over the years um Has caused them grief that they Otherwise wouldn't face but it's still The right approach you know I wish that Other major companies in the world that
Crypto and blockchain were as Transparent as Ripple frankly but anyway Here's what David Schwarz wrote The xrp Ledger is a product that provides the Service of transferring xrp and issued Assets people pay for fees or I'm sorry People pay fees for use of this service And presum presumably get benefits from Each transaction that exceed the fees And then he says what are you saying is Zero sum and he never did answer um he Just said told you I was a dummy thank You Sir so nothing against that guy either I I just I don't know why he's asking what He's asking like here was the original Question that he was he was trying to Get David Schwarz uh to answer which Reads as follows I'm still wondering why He doesn't answer this David Schwarz how Do you explain using retails liquidity To pay your taxes in a zero sum game and I am a big xrp holder can you explain And so I don't think that he knows what A zero sum game is so I think that he Thinks it means something different but Through context I'm supposing that he's Noting that um you know Ripple is Profiting from the sale of Xrp and and that in terms of what Ripple Does here like the business model is the Problem presumably some something to That Effect but it it just it just is what it
Is like I just again I'm surprised that We're even having to talk about this and And frankly this next one I find more Interesting and a little bit more Ridiculous and you know there's um There's an xrp Community member asking a Bunch of questions it's not even Necessarily that all the questions are Are bad I just I I don't know why They're being asked to me it doesn't Seem like the right questions ask it Doesn't make sense to ask Them anyway so this is the headline Ripple CTO says other projects using xrp Is beneficial for xrp because it both Demand Ripple CTO David Schwarz has Emphasized that other projects using xrp Benefit the asset by bolstering its Demand the commentary came during a Recent exchange on X it was sparked by An xrp Enthusiast Darkhorse who sought Clarification regarding the benefits of Projects like the root Network bring to Xrp and again I don't want to read the Article let's go straight to the source Because this is what they were talking About right here so here's the original Post uh this is from Darkhorse and uh And he wrote The Following so the future Verse is a partnership with ripple um Actually you know I'm going to go ahead And pause right here to note this just In case uh need a little bit of table Setting because we very well may here
Was a headline from crypto news uh Ripple backed future verse to bring Ready Player One franchise to metaverse January 5th of this year metaverse Startup futur verse backed by 10t Holdings and ripple Labs has unveiled a Partnership agreement with Warner Bros Discovery to bring the Ready Player One Franch to the metaverse and an X thread On January 4th the New Zealand Headquartered startup said it has teamed Up with Ready Player One author Ernest Klein to launch a new Venture dubbed Ready verse Studios aimed at integrating Major IPS into the metaverse Dan Farah The producer of the 2018 Warner Bros Film adaptation of the novel is also Listed as the co-founder of the firm and You'll see as I go further through this Uh this actually if successful directly Benefits xrp in terms of supply and Demand absolutely it would be one more Thing that actually utilizes xrp even Though technically it's on a separate Blockchain because uh you have to Actually wrap xrp I'll get into it in a Minute here but that that's all you need To know for the moment now let me get to The question that Darkhorse had here so Again Darkhorse says so the future verse Is a partnership with ripple we know That all distributions of xrp will only And has only been completed using odl Contracts since 2019 C pick
Below ferse is using xrp as a gas token For the root Network we are all aware That odl is a zero net sum on price as They zero out the values okay so I'll Pause note what I believe he's Referencing right there is that there's Buy and sell pressure instantaneously if You're utilizing xrp as a bridge Currency on odl so that means that from The the the market from which the Payment originates you know there there Would be the uh the purchase side and Then on the other side there would be The sell pressure cuz again the xrp Would be purchased in one market Transferred to an exchange in another Market and then sold so then you have Additional sell pressure so in one part Of Market you have positive sell Pressure the other side you have Basically more or less equivalent Selling pressure so it Nets out to zero Which means that in that case xrp Actually uh odl specifically doesn't do Anything to actually help the price of Xrp it doesn't make the price rise Because there's buy and sell pressure on Each side now of course there's a little Bit more to that technically because if There's a bunch of xrp that's being used For on demand liquidity and that Increases dramatically any xrp that's Being held because it's imminently going To be used for that or or is being used
For it in that moment cannot be used for Anything else so that actually that Specifically would drive demand for xrp And increase the price of xrp in theory Over time so yes odl can be a net plus And also you know as long as there's Utility I think that's going to instill Confidence in people to jump in and Purchase xrp if they want to diversify Into crypto for the first time so so There reasons that odl is a net plus for Xrp in terms of price action but in Terms of the mechanics of it if that's What he's getting at he is correct there Because there's sell and you know buy And sell pressure basically Instantaneously it kind of evens out and And and that the reason that evens out Is because Arbitrage takes place so if There's any efficiency and any quality In the market uh Traders notice that Especially if they have well programmed Bots and if if you know if you can buy Xrp cheaper in one market and then sell It at a profit in a in a different Market because the prices are higher Like that's what people do that's Arbitrage uh but anyway so he says so my Questions are does Ripple provide future Verse with xrp to use as gas tokens so And I'll just pause to respond here and Say um I haven't seen anything of the Sort I'm not aware of that being Publicly known uh I don't know why he's
Curious in terms of asking that but I Mean it's not that's why I said like It's not a bad question I just I don't I Don't know why that matters but given That what I just covered here and I set On the table in terms of Ripple uh Ripple being uh you know Ripple backing This uh well that's that's all that's All well and good but Um you know I I just uh I I Just typically when you're talking about Getting Backed it's just Because there's some sort of uh you know Financial transfer that's pretty much it So like I don't know why there would be Assumption that it would be xrp though I Mean sure in theory it could but why Would we think that it actually is that Part didn't make sense to me and then he Says if the above statement is true what Does this mean for xrp holders really Well again I doubt that's the case but If if that is the case I don't care Because if xrp is getting used and as And we'll get into a little bit of the Specifics in just a minute here just Give me time to do this in order even if That's the case if anything it's good Because xrp would function be getting Used so I I just I still don't see the Problem but he continues he says and Then the real question is if statement One is correct if the odl contracts have
A clause in them where they can only Sell a certain percent based on the Volume of the day using the root Network To generate Zero Sum transactions but They are increasing the trading volume This surely would only benefit those Wanting to increase circulating Supply By selling xrp would it Not uh So David Schwarz ends up responding to This um I'll highlight that in just a Second here but like Again I I personally if I'm missing Something you guys let me know I haven't Seen anything about xrp being given to Futur verse it's more like here's futur Verese here's here's what it can do if You want to participate and you're just A regular person you can wrap your xrp And then use wrapped xrp on that Blockchain which is a separate Blockchain how is that bad for xrp and That is nothing to do with Odl when you're talking about odl you're Talking about using xrp as a bridge Currency so I think that there's some Sort of functional misunderstanding Perhaps Here um and and so then dark hor horse Wrote do not get my intentions on futing Futur verse this is not uh this is not The case I am trying to understand why This benefits xrp holders and why this Narrative is being used where it appears
When you look under the hood it does the Opposite I'm just trying to find the Fact that selling xrp is increasing Circulating Supply equals xrp holder Benefit well again xrp getting used I Don't see how that's some sort of net Negative so I I don't I don't get what The problem is and again I don't think It's xrp as a gift because I haven't Seen any proof on that in terms of Getting backed it's probably money Because Ripple has like a billion Dollars literally so that would be my Guess anyway but David Schwarz responded To Darkhorse and Schwarz wrote a project Using xrp as a token rather than Launching its own token is good for xrp Because it increases both the demand for And the utility of xrp it's not that Much different from an additional Exchange listing or a business accepting A token as payment yeah so that to me That seemed Obvious it's it's more xrp functionally Being used increasing utility I just I I've not seen how somebody could Possibly view this as a negative but That that seems to be the case um and so Then you have uh this question from Darkhorse can anyone tell me a future Versus one of uh Ripple's odl customers And specifically odl or is futur verse Going to be transacting on The xrp Ledger like everyone else and so I was
Surprised by this question also I don't Think this makes sense but xrp Community Member Panos responded now Panos is a Wealth of knowledge one of the most Knowledge knowledgeable guys in the xrp Community and I think he did a great job Of explaining and setting things Straight here so he responded and said Futur verse is a separate chain lay one Ripple's odl now Ripple payments is a Serviceproduct for cross border payments Completely unrelated to each other futur Verse has nothing to do with xrp Ledger Either they are just using wrapped xrp On their chain as a gas token right so Again nothing to do with on demand Liquidity liquidity whatsoever I don't See a reason to think that it possibly Could have my best guess is to why Darkhorse was thinking that it might Have something to do with that is Because Ripple doesn't sell xrp and so You know the only way that it gets out Into the ecosystem that he could think Of presumably was through on demand Liquidity I'm guessing that's where the Tie came in but even that still doesn't Make sense that's as close as I could Think but anyway Dark Horse then wrote So you don't know if futur verse is an Odl customer either and then Panos Responds the answer is pretty obvious How can and Why would a metaverse gaming related
Chain ever need crossb payments this Makes zero sense and folks he's correct To me this seems incredibly obvious xrp Being used in on demand liquidity it's As a bridge Currency Why why in what application would it Specifically be used here it it just it Just doesn't make any sense not on Demand liquidity anyway and so Darkhorse Says so how is the gas token used and Where are they obtaining the Xrp and where does it say that odl is Strictly for crossb payments stable Neutralization was designed for odl Transactions within the same country so Who said odl is only for CB cross border And Panos writes it's just wrapped xrp They hold the real xrp on their wallet And issue a wrapped version slou on Their chain just like all other chains Or like xrp Ledger issuers such as gate Hub do with other Assets uh nobody said odl is only for Cross Borders it's it's for financial Institutions payment providers or Businesses who want to make payments and Move money by using xrp as a bridge the Destination is Fiat so still I can't see How you can come to the conclusion that Future verse might be using Odl and so then Darkhorse says I'm not Concluding I'm asking okay for now
Further he's asking why is he asking I Don't see how the question makes sense No offense to him I just I don't see how The question makes any sense whatsoever Then he says but everyone is saying they Aren't but no evidence just assuming This is not true based on if Ripple can Only sell xrp via odl contracts as they Use this as the xrp outflow and Loans How did they see futur verse xrp or have They sold them xrp to which Panos Responded who said they sold xrp to Futur verse Ripple can also donate and give xrp just Like they have been doing for xrpl Grants Ubi and other initiatives but for Futurs and R xrp the wrapped xrp uh for Root Network they don't buy it People Bridge it but even if they had to buy it Ripple could have given them xrp or Invested in them in xrp right and that's Certainly true too and so I don't Pretend to know for sure I just haven't Seen that specifically stated by any Part involved with this especially Ripple but again usually when Ripple's Backing a company there's a monetary Implication and so there are usually Funds set up for this and money is Transferred actual dollars not xrp so I I don't know it sounds interesting Again this is all positive for xrp Though if this is functionally being Used David Schwarz is hitting the nail
On the head and so is Panos Here this is good so we we'll see to What degree this may may have success as Time on you know time passes but if it's Successful yes it's one more thing for Which xrp is going to be used and Actually in this case locked up because There would be U there would be a Wrapped version of it on a separate Blockchain that's awesome so I'm I'm Just not seeing the I just I can't see It but it's being covered in multiple Crypto media outlets and it's been Discussed pretty widely within the Community so I just wanted to take a Stab at explaining what what I know About it at this point and some of my Opinions and opinions obviously from a Couple others including David Schwarz And Panos but you guys can let me know What you think and if I'm missing Something that's fine I'm not a know all There's a chance I'm missing something But I just don't see how any of this uh Is something that we should be worrying About but if I'm missing something of Course let me know in the comment Section below I'm not a financial Adviser you should not buy or sell Anything because of anything I say or Right that would be a very very very bad Idea until next time to the Boon Lambo
