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Look the American economy is doing Extremely well um inflation has been High and it's been a concern to Households it's come down considerably At the same time we have about the Strongest labor market we've seen in 50 Years ladies and gentlemen aren't you Tired of hearing your elected officials Constantly lying to You this was a great depiction Of exactly the nonsense that's going on In our government right Now Janet Yellen talking about sound Monetary policy and a healthy economy is The most laughable thing I could have Ever heard and I have to give a sincere Thank you to chip from on the chain for Posting this it really made my Day now what also made my day was Eleanor Tourette posting what happened With the misleading coin Telegraph Headline stating that a Bitcoin spot ETF Was Passed there was a quote that came out Of here from the chief of coin Telegraph That stated this is what happens when we Are having constant pressure to be the First with every News it's not a journalism problem it's A problem of society and Technology If you're not first you're last and this Is actually very important that I Discuss ladies and gentlemen there have Been times where I've gotten information
Wrong because I've tried to be early and Posting xrp News that's something that I've since Gotten a lot better at and it's Important that all of you realize that As you intake this Information there's an agenda in Incentive behind your attention you guys Are the most important people on the Planet your attention is currency and it Can make you wealthy if applied Correctly and this part is extremely Important ladies and gentlemen I believe In short order ripples about to IPO you Have an opportunity to buy Ripple Stock isn't that Unbelievable but some of you were asleep At the Wheel a lot of people that are over here In comment sections complaining about The xrp price probably only have $100 on The line but I'm talking about the Families that have been all in I'm Talking to the people that have been Here for 5 4 3 2 even one year all of You know how hard this journey has Been but all of you see the light at the End of the tunnel the SEC case was the Biggest dark spot in the lives of xrp Investors imagine you run a compliant Business are legal internationally are Trusted by national Governments but then a specific branch Of your government comes and sue you
Because some other [ __ ] project with Inferior technology is over here Asking Regulators to sue their Competitor that's what we went Through but now we're about to witness a Ripple Hpo and I also believe we're about to Witness xrp reach the 15 to20 mark this Next Bull Cycle there are numerous reasons for This I have been taking profits long Before the $ 15 to $20 Mark but I have Legitimate reasons for coming to you Today with this Hypothesis guys Is hiring for positions related to IPOs this is a headline that's been Posted by some community members and in My personal Opinion despite the fact that this Specific piece of news does not give me Accelerated confidence that an IPO is About to Happen it just gives a good sense of the Direction Ripple is going to go Inevitably this IPO will happen for the Most opportune time in this market for All of Us Ripple is very strategic and whenever They IPO it's going to be a groundbreaking Moment not just for crypto but the xrp Community pay Attention the seeds that you plant now
You harvest during the peak of the bull Market and this bull market is getting Very close From a Time perspective we're very close To price appreciation Again and all of you that don't take Action that don't understand what's About to Happen are going to be envious of us Your friends that warned you that told You to do your Research but you were too lazy too and That's on you Guys when the CEO of black rock is Letting you know that crypto is here to Stay you know we're on the right Path this news is clearly made to Manipulate but long term his words will Remain True guys what we just witnessed today Was an aggressive form of Market Manipulation where the People they read the news they saw that An ETF got Passed they bought and somebody out There sold on them someone out there Made money on Them what an absolute Catastrophe regulations getting passed For the crypto Market is going to make An inevitable impact in how much money Comes In we're kind of in a chicken and egg Situation right now the tug-of war
Between regulators and innovators with The Bitcoin ETF coming first or Regulation from Congress coming First both instances have displayed Government Intervention and private independent and Decentralized Technology but now that this government Is about to get their [ __ ] together all Of you should really take a listen to What Larry think had to say this rally Is Way Beyond the rumor I think the the Rally today is about a flight to Quality With all the you know all the issues Around the Israeli War now um Global Terrorism and I think there's more People running into a fight the quality Whether that is in treasuries gold or Crypto depending on how you think about It and I believe crypto will play that Type of role as a flight to Quality now Guys isn't that's so interesting that I Had literally said in my previous video Titled Warren Buffett shows why xrp will Rise during World War I I showed how War times will be great For crypto and how War times are in fact Here and Larry fin is literally Discussing that this is a reason for why The next bull market will be at our Doorstep as catastrophic as that is for The planet it will be great for us Crypto investors crypto investors Benefit from times of massive
Instability and Volatility why because it's an Alternative to the traditional System all of you need to realize what You're invested in and when those things Go up in Value and we are right in the window When we get to Benefit stay the course my Friends we're in a great Position now guys something interesting That Rob Cunningham posted was this Specific scenario the sequence of events That things happen matter xrp price First or IPO from Ripple let's discuss it I personally do Believe that option A is more Likely first of all we have to remember The Ripple Escrow and as of today Brad garlinghouse Has stated Ripple records xrp value at 0 On their Books now with that being said people Need to understand that having xrp on Their books would be Substantial because that escrow if it's Priced in in my opinion will truly show How much Ripple is worth and guys we Have to understand something right here And right now in a previous video I had Stated that the previous CFO of rippo Has left and I speculated it could have Been because her job as CFO is done and Because Ripple is preparing for IPO
Phase I still believe that to be the Case we saw Acquisitions of Fortress Trust and Medico The Fortress Acquisition wasn't great it then go Through smoothly and it's a possible Reason for why she was let go or Left these are all things you need to Think About but needless to say an IPO is on The Horizon and this is a significant moment For us in the xrp Army regardless of what anyone has to Say Ripple and Xrp a lot of people confuse the two but One of them doing well will definitely Benefit the other and I'm invested in Both of these bad Boys I want to maximize my piece of the Pie and the new 1% and I believe investing in Ripple and Xrp is going to be strategically Important for our future success Now guys to cap off this video for today I'm going to teach you a little bit About The xrp Ledger the technology that Makes xrp decentralized because people Have a misinterpretation of what xrp Really is Daniel from casino coin talks About voting for amendments including Nft capabilities on The xrp Ledger Automated market makers and numerous Others here this video explains the
Process so that you're better informed To what you Own ladies and gentlemen this is the Barable bull Here thanks for tuning In as Ripple prepares for their IPO the SEC looks unbelievably Weak right now they stated at the best Source of information about the SEC is The SEC and I'm here to say that's Misinformation the xrp community is the Best place to get information about the SEC [ __ ] the SEC and all they stand For we will become the new 1% and if you haven't done so already Please get your [ __ ] the secc t-shirt And my aggressively average apparel site Down in the description Below as always guys I appreciate every Single one of You now I'll be back Tomorrow with another Video how does voting on amendments work In the decentralized world of The xrp Ledger there isn't a single entity or Authority dictating the rules or making Unilateral decisions Instead The Ledger Relies on a process involving a select Group known as the unique node list to Navigate its course particularly when Making changes or updates known as Amendments amendments for the xrpl are Proposed alterations to functionality
And can Encompass various aspects such As introducing new features enhancing Existing functionalities or rectifying Issues Isues while the network is open to Everyone the 35 UNL validators hold the Voting power to decide whether these Proposed amendments get a green Light the network independently tallies These votes and determines if an Amendment has garnered enough votes to Be instituted as a new rule if an Amendment secures a yes from enough Nodes for a continuous 2-e period it Becomes activated making the introduced Change or Fe feature Available the threshold is 80% of all Eligible Nodes an intriguing aspect of this Process lies in the evolution of Ripple D itself in earlier software versions Servers would automatically vote Yes to Any amendments they understood unless Configured otherwise by their Operators however in more recent Versions such as 1.9.2 and newer the Default to voting was changed to no for New features except for changes to fix Bugs regardless of whether the default Vote is yes or no it's imperative for The Operators those who manage the Servers to assess the impact of Amendments Diligently they ought to decide their
Vote based on their best judgment and The criteria they deem Significant this information is pivotal In Sharing insights on amendments and Elucidating how validators should cast Their votes When a rule has been in place for 2 Years it can be Retired this means it becomes a standard Part of how things work and isn't Considered an amendment Anymore it's like the rule becomes so Normal that it's just a regular part of The Game if you are curious to see how Validators vote and the progress of Certain amendments is you can check the Visualization on xrp Scan please remember that UNL nodes can Be added or dropped at any time which Means the number of nodes can change the Threshold in percent Remains the Same in simpler terms the xrpl employs a Democratic approach to implement changes Albeit with voting power concentrated in The hands of the 35 UNL Validators amendments or proposed Changes need a substantial amount of yes Votes from 80% of all eligible nodes to Become a permanent part of the Ledger's Operation it's crucial for Server Operators to thoughtfully consider how They vote on amendments ensuring the Network remains secure and operates
Effectively for all Participants the unwavering commitment Of UNL node operators is sold to the Xrpl irrespective of the preferences or Wishes of any particular party all Participants tirelessly Endeavor to Ensure The Ledger remains secure and Operational at all times if you enjoy Explainers like this one share them with Your friends and let me hear your Thoughts
