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Hello this is Matt on the moon Lambo Channel the world's first ever xrp side Chain just went live on October 31st Just happened which is a date of Particular significance to anybody in The world of crypto there's great Symbolism that for those of us that are In the world of crypto because October 31st is the uh it's it's the date of the Satoshi Nakamoto Bitcoin white paper you Might have heard of that little thing Right and that was actually published 15 Years ago man time flies when you're Having fun and then a couple months After that of course the Bitcoin Blockchain finally went live January 2009 and so anyway I think that the Symbolism for this is pretty cool but I I want to share with you that this World's first ever xrp side chain which Just went live it will absolutely pump Your xrp bags if here's my little Aster Here if it is broadly successful and and I'll explain why I'm saying and by the Way this isn't some sort of of Supposition I'll explain what I mean by This I'm telling you what I'm literally Telling you is that the way that the Zaha network which is the that's the Side chain in question your xah the World's first ever xrp Ledger side chain The way that it's programmed on layer One is such That by necessity it will impact
Positively the price of xrp as long as There's actual adoption so you should Want this side chain to be broadly Adoped Ed and and and so you could also Ask this and just just I just want to Put my position out there right at the Get-go and then we'll kind of break this Down as we go further through the video You might have a question okay well what If this thing fails does it harm xrp or The xrp Ledger and the answer is no and The reason for that in a nutshell is Because you got to understand that the Developer activity because there's There's all sorts of people debate in This right now is is this side chain is It actually just going to pull it's just Going to extract value in some sort of Negative way from The xrp Ledger and Then the developers they're all just Going over to to this is a how Network And it's going to and that's that's Where all the the the real action is Going to occur uh no and the reason that I say that is because uh you got to Understand that the zah how network was Created because it has lir one smart Contract functionality which The xrp Ledger does not Have that's why and so anything that's Being done on the zaha network it's Because it cannot be done on The xrp Ledger and and so I mean if you think That you know existing projects are just
Going to uproot and go to a brand new Chain with no liquidity no actual track Record I just I dispute that I think That makes no functional sense but um You know but some people are saying such Things uh but I am telling you that if This is successful and it's doing a Bunch of other stuff uh that The xrp Ledger can't which is what the goal is Here I'm telling you mechanically the Way it is designed is going to pump the Price of xrp and to what degree that Depends on the scale of the success and I will explain exactly why I'm saying This but again that's not some sort of Speculation I'm telling you it is Literally designed to do that but um Before going any further I do to be Clear I do not have a financial Background of any kind I am not offering Financial advice and you definitely Should not buy or sell anything because Of anything I say or right I'm just an Enthusiast who enjoys making YouTube Videos about crypto related topics but Just as a hobby and just for fun all Right so the debate on this topic has Been raging on for the last few days I Haven't talked about it yet uh you may Have noticed that actually went uh 2 3 Days uh without publishing anything on YouTube and I mostly uh wasn't on the Internet at at all uh just for personal Reasons other obligations and stuff and
So I I saw sometimes when I check you Know what's going on in social media Platform X and I'd hop on on my phone For a second just see what's going on I Could see that there were intense Debates going I was like I'll deal with That one later so but here I am and I am Dealing with that one later because I Want to talk about this and I just I Don't share the fears that many have and So here's the zaha network xah auu uh This is their account on X and here you Can see that on Halloween uh they posted The following hello world and this is The announcement that they're here uh Here you can see there's a post this is Reposted by Thomas silj uh he's the head Of analytics and compliance at xrp Ledger Foundation uh he also has written A number of articles for Forbes about Xrp uh he's one of the guys that's been Around forever and is a very positive Voice for our community and so he posted This and said the first xrp Ledger Protocol side chain is born welcome and It's pretty cool stuff and again to be Clear uh you know there was this uh Amendment that was actually created over Two years ago called the hooks Amendment Which would allow for smart contract Functionality on layer one on The xrp Ledger The xrp Ledger has no smart Contract functionality right not on Layer one and and so there's this
Amendment called the hooks Amendment Which has not been passed for over two Years and finally the Developers they Got tired of it not getting past these Are xrp Ledger developers very Pro xrp Very Pro xrp Ledger building some of the Coolest stuff out there including wheat A wind and and eventually a bunch of Them got together and like well this Looks like this thing's not going to get Approved on The xrp Ledger itself Anytime soon but we can't build unless This technology is available to us so Then you know if you're them you've got A couple options you can either just Abandon all all the like the entirety of The xrp ecosystem and you can go to a Separate blockchain that already exists That has smart contract functionality And go build there or you can create Your own side chain which will Complement xrp and The xrp Ledger which It certainly will in particular in terms Of price action and I'll get to the full Explanation of why in just a second here Um but here you can see there's a Project called ever node within the XR Xrp ecosystem here and uh they posted The following upon this this uh the side Chain going life ever node is proud to Be a part of the zaha launch and bring Hyper flexible hypers scalable smart Contracts to The xrp Ledger Ecosystem now that zaha exists ever node
Can exist now folks the reason that was Written is Because what what ever node is doing Requires the smart contract Functionality that is not possible on The xrp Ledger so if you're worried About The xrp Ledger losing developer Activity again it was never going to Happen here anyway unless you think the Amendment was going to get passed which In theory I mean it still could at some Point in the future here but it's you Know there's perspective from developers Out there that there's certain risks That come with it although that's true Of any Amendment uh from a technical Perspective so anyway they write here we Are targeting launch for November 27th Subject to code audit so again the Purpose of this video isn't to get into The specifics of the project or stuff Like that um or even to defend zah Itself or even to explain why it might Make a ton of sense in the world I'm Going going to explain to you why if it Works it's good for xrp and The xrp Ledger then we can get into the in a Separate video if we want to talk about The tokenomics of it this this or that And I'm certainly willing to be Persuaded I'm just telling you we should Want it to be uh Successful and so um I posted the Following zaha is good for xrp and that
Was me sharing the the uh announcement From zaha Network and they wrote hello World and an xrp Community member Responded to me after I wrote X zah how Is good for xrp and this guy named Randy Wrote not on a one toone conversion Basis though it caught my attention Because I like to sting viewpoints I Think that a lively discussion and Debate so on and so forth is fun so I Was kind of curious what he was thinking And so I simply wrote to him since he Said again on not on a one toone Conversion basis because I wasn't quite Sure what that meant and I'm actually Still not quite sure what he meant by That but I asked in what way is the how Bad for Xrp and he wrote to me and he said it's Not bad but no reason to to burn xrp for One:1 Exchange would rather buy it off an Exchange okay so just to be clear what He's talking about here is that in order To get zaha like say you want to have The zaha token you want to speculate on This thing which you know every Cryptocurrency on the sun is is Speculated on um well except for stable Coins and you can find some other maybe Little exceptions here and there but Broadly speaking we understand that Decentralized cryptocurrencies is over 20,000 of them and people go nuts with
It and speculate so why wouldn't that be The case here it will be of course it Will we all know this right but how can You get these tokens well either you can Purchase them on an exchange and to Start there's going to be almost no Liquidity so that's one way that you Could do it another way is that you can Uh engage in What's called the burn to Mint process which means that you take Your Xrp and you commit to burning it and Upon burning it uh on the xrp ledger so It's literally Gone Forever it's it's It's done nobody could ever have that Xrp ever Again that Happens and then on the zaha network you Have zaha tokens and so for every one Xrp you burn on The xrp Ledger you get One zah how token on that separate Blockchain and it is a completely Separate blockchain and it doesn't work The other way by the way you you can't Burn Z how tokens to get new xrp it Doesn't work like that it goes It goes One Way only so that means if people are Going to purchase xrp Uh specifically so they can have a how Tokens that means that somebody bought Xrp which they literally can never sell Because it's getting burnt so you're Talking about just deflating the supply Of xrp it's a well it's already a
Deflationary um cryptocurrency just by The way it's coded there's a little bit Of xrp burnt with every single Transaction anyway it's a tiny and it's Not much but it's a little bit and so You're talking About that xrp never being available for Anyone ever again can't even be sold so Somebody's buying it but literally can Never sell it So you can already imagine having that Type of deflation for The xrp Ledger That concept alone is positive if you Want to sell your xrp for a higher price Now of course it may not be depending on The scale could could be meaningful one Day if you get wild adoption with aah How and a bunch of xrp getting burnt so That they can move over there but might Not it depends we'll see what happens This damn thing just launched literally Yesterday Right so again he said here that um you Know's he's not going to be burning his Xrp here that's the point he's making no Reason to burn your xrp to do it said He'd rather buy it off an exchange um But that's not quite true so here here Was my response and I appreciate the Back enfors that we can share ideas like This I wrote to him and I said which you Can do and when I wrote that that's me Referencing that he can buy it off an Exchange um you know as long as it's
Available and then I said but if it's And this is the key part so please Listen right here and I will break this Down in case it's hard to understand the First time that I read through my own Comment here this is it this is what you Need to understand if you want to know Why the zaha token is ultimately going To pump your xrp bags if zaha is is is Uh successful this is it right here but I wrote but if it's ever cheaper to Purchase xrp instead and then burn to Min to get zaha tokens then people will Do that that's why an equilibrium in Price will develop between xrp and zahal This means if demand for zaha increases Demand for xrp will also increase so Folks think about the mech the mechanics Aren't that hard to understand to be Honest with they're fairly simple They're just not that well well known at This point because this is a newer Ecosystem so I want to explain it even Though it's not a particularly complex Idea you will ultimately end up with Equilibrium between the price of xrp and The price of zah how tokens and I can Give you a simple real world example as To why this would be the Case you imagine a hypothetical here Where one single zaha token let's just Make up a number a wild crazy high Number let's say that one zah how token Was
$25 whoa that's that's pretty damn High Especially considering xrp is about 60 Cents at the time that I'm recording This right that that would be pretty Damn wild right and then let's just Let's just say just use Easy numbers Here let's say that um Xrp is $1 xrp is $1 so if you want to purchase a bunch of Zah how tokens so that you can either Speculate or perform developer activity On the zaha side chain if you want to do That what are you going to do to get Those tokens are you going to pay $25 per token on the zah house side Chain and and you could purchase that From an exchange as long as it's Available for sale you know as long as There's sufficient liquidity and there Would be some amount right are you going To pay $25 or in this hypothetical since Xrp is only $1 are you going to purchase A metric f word ton of of xrp if you Want to get into the zaha ecosystem are You going to buy a ton of xrp for $1 Because that's 125th the cost and then Burn to Mint meaning you convert that Xrp over to the zaha network which one Are you going to Do you see where I'm going with this Right you're going to do the one that's Cheaper the one that is 12 125th the Cost and you know what happens as that Occurs you find this equilibrium price
Where you're going to have the zah how Token and these were wild wild Disparities in price just for the Purposes of illustration I admit that of Course but it's it's just to illustrate That what happens if there's a disparity In price now how humans respond in these Environments it's the same as humans Behave when it comes to Arbitrage what Will happen is if there's that type of Disparity where it's way cheaper uh to To purchase xrp to get into the zaha Network than it is to purchase actual Zah how tokens outright on an exchange What you'd see is the a closing of that Gap because people are going to take Advantages advantage of these Opportunities and it's going to happen Pretty damn quickly like I said it's the Same with Arbitrage so you'd probably Have to some degree uh a an uptick in Xrp price and if there's not a ton of Volume it wouldn't be particularly Noticeable but what would what would Happen more greatly on the other side Since let's be real to start there's Pretty much no liquidity and no volume For the zaha tokens you'd have that zaha Price if that were if that's if that's What it started out the gate you would Have that zaha price of $25 plummet on Down real quickly and and get in line With the with the the global price of Xre that it's it's it's effectively
Equivalent and then there will always be People just like arbitragers who take Advantage of small gaps when they find Them and they'll get out little profits It's the same thing it's the same Concept right so I mean that's that's Pretty much it in a nutshell so if so That's why I'm saying though if you're Going to have let's just say there's Wild adoption of the zaha blockchain Let's just say that there is a side Chain wildly successful de developers Flock here well X xrp is already such a Standard when it comes to all this Stuff I mean again like these two are Inextricably linked and that's by code That's by code on the zah how Network People will always be incentivized to Purchase xrp if there's a gap and that's Good for you if you hold Xrp right it just it's it is that simple So then you can sit here and debate okay Well is is this a good blockchain do we Like the tokenomics those are all Separate questions all I'm saying is if The damn thing is adopted because all of That stuff is is good that's good for You listening to this if you're in xrp And The xrp Ledger I mean unless you Really truly believe that that all these Xrp Ledger developers that don't need Smart contract functionality are just Going to jump on jump shipped to a Separate blockchain that they already
Have adoption on that or well in this Case they don't have adoption on they're Going to abandon ship to go do that They're going to abandon The xrp Ledger When they already what cuz look if They're building on The xrp Ledger right Now that means they don't care or they Don't need for their the existing Applications they don't need smart Contract functionality why then would Those developers scrap the projects that Have gained actual adoption which is Hard to achieve and then just scrap it And then move that over to zahal why Would they shoot themselves in the foot Like that they're not going to do that Obviously if anybody's going to build in A blockchain that's less wellknown and Has no reputation it's going to be Because that's the only place they can Do It and if it's and if again if it's not That it would be something completely Outside of the xrp ecosystem anyway so In no world could this possibly be bad For xrp and The xrp Ledger now zah how Could absolutely fail and I hope it Doesn't I hope it succeeds but it sure Hell is not bad for xrp or The xrp Ledger I'm just telling you there's These the price is absolutely linked There there will there will be an equal Lium that forms you know that's the Reason that every cryptocurrency whether
It's Bitcoin or ether xrp that there's a Reason that there is an equilibrium Price from One cryptocurrency exchange To the next it's because if there's too Big of a disparity from say coinbase to Uh to to binance us or uphold if there's A if there's some people get kers and There some there's somehow a big gap Between what xrp costs on one platform Versus another then people are going to Purchase it where it's cheap move it to The Exchange where it's where it's worth More and then they're going to sell it There for for a profit that's what That's what Arbitrage is and so the the Concept is pretty similar here Conceptually so no this is fantastic we Want this to do well and I just I I Don't know that a lot of people get this Here and so there are a lot of there are A lot of people who think that this is Bad and went so far as to call zaha a Scam now if anybody has any proof of That you please send in my way and I Will scream it from the rooftops but so Far I think that that is not the case There is literally zero EV evidence for That and I think it's just people that Are making emotionally charged Statements so far as I can tell and so Here's an xrp Community member who goes By the name froggy and he wrote on this Topic so let me get this straight zaha Network prints 600 million zaha tokens
Out of thin air and distributes it among The creators and their friends then they Encourage victims to burn their xrp at a 1:1 ratio in exchange for worthless Tokens they got for free what a scam Okay okay about this so printing a Cryptocurrency out of thin air it makes Me think of a line from David Schwarz Because it was something along the lines Of yeah printed out of th a because Cryptocurrencies do not exist in nature So they must be printed from somewhere And even if it's Bitcoin uh you can talk About proof of work but that's still out Of thin air I mean it it it costs energy To it cost energy uh to create that but It also cost a a much smaller amount of Energy to create all the xrp that exists At Inception so what what it's still Created out ofin air it just exists its Numbers on a ledger so what so there Shouldn't that that's not a bad thing in And of itself that's just kind of how it Works we're in the world of crypto here My friends and then to distribute that To creators and friends my God would you Be saying the same thing about uh about Ripple and uh would you say that about Chris Larson and Jed mbone and so forth Arthur Brdo because I typically only see Bitcoin Maximus make that type of Argument against Ripple do you make the Same charges against R if so okay I just
I just don't think that it matters Because as long as people are Transparent we know where funds are Going and then if if people so if that's The ecosystem and then people choose to Participate in that ecosystem whether It's speculative in nature or from a Developer perspective I don't care we're All adults here and as far as people Them encouraging people to hand over Their xrp I haven't seen any of the Developers encourage that in fact I've Literally seen the opposite now I do Believe that people are going to Speculate but that's their freaking Right if people want to get in and Whether it's purchasing xrp that they Otherwise wouldn't have purchased and Then move it over so they have that how Token so they have the exposure if they Want to do that good for them you know I Don't know if I'm ever going to own any Maybe I don't know I I'm just you know I Would need to look into it way more than I I already have in terms of Functionally do I think there's Opportunity for for them to find wild Success um but I'm just saying if people Want to do that what the hell is there How is that a scam if there's full Transparency and these are the most Reputable people building within the xrp Ecosystem within our community you're Going to call what they're doing a
Scam what sorry I got to push back Against the idea here froggy that just Doesn't make any sense you have you're Making that's a big claim against some Of the most reputable people in our Community with literally no evidence You're just saying Stuff and again you show me where They've been encouraging people to and You know what even if they were on a Personal level I don't care because We're all adults Whatever people want to do with their Money go for it I just don't care but I Haven't seen that I haven't seen it one Single time I've literally seen the Opposite literally seen the Opposite so I you you guys you guys let Me know what you think here but I see This as Unquestionably a net plus for xrp Because again either this thing fails And then it doesn't hurt xrp because if Anything there would just be less xrp Out there so whatever um but it is Successful if it is can you imagine what If this becomes a like a you know a Market cap that's worth billions one day Or or tens of billions how much money Might flow in or what what if you're Talking about a decade down the road and It's you know it has over a trillion Dollar market cap and I'm not predicting That will be the case but I'm just
Saying you you must understand if Something if there were ever that level Of wild success you got to understand What that would mean given that there's Going to be this sort of equilibrium in Terms of price action for zah how tokens And xrp if you understand what I just Shared with you here and and hopefully I Explained it in a sufficiently clear way Then you've got to understand if this Thing successful that God yes we want That because there's going to be a whole Lot more burnt xrp tokens why would we Not want that how is that bad and it's a One-way Street like you got to be Kidding me got your goddamn mind think That's bad what are you talking about we Want we want more demand we want less Supply right right so you're talking About a demand to purchase xrp and then Immediately burn it forever so it can Never be sold and you're going to tell Me that in and of itself is bad and Again it's not people being tricked to Hand this over if people want to do this Then they can take on that Risk and and it will be you know a lot Of this if there's true success here it Will be xrp getting purchased for the Zaha network that otherwise would not be Purchased but not for this particular Use Case that's it you so you we're because Again if there's demand we know there's
This price equilibrium what does that do That means that more xrp will get Purchased that otherwise would not ever Get purchased because it's for the zaha Network explicitly and if people want to Do that and they take that risk well I Wish them the best and if it doesn't go Well it doesn't go well that's just how It goes just like I invested a ton of Money in xrp and if that doesn't go well And it goes to zero that's my own damn Fault that's my own damn problem I took A risk and it didn't go well if that Happens okay true with any crypto my Friends true with Crypto so let me know what you think now We can get into a separate conversation If you guys are sufficiently interested In terms of you know to to what degree Might this actually have success and I Mean again these are some of the most Well-respected talented individuals Developing for the xrp ecosystem you Know launching this Thing I mean just based on the talent I Mean know this not a guarantee of Success but at least that's a reasonable Starting point and You know again if you want that smart Contract functionality you got to do Something just hanging out on The xrp Ledger without the hooks Amendment andin Going do it I understand why they're Doing what they're doing and it's fine I
Just think people have a lot of Misunderstandings of what this is and What it means in terms of the actual Tokenomics or not tokenomics but the uh Um what what it could what the Implications are in terms of price Action and bringing developer or or Reducing developer activity you know Moving it off of the exerp that just Doesn't make any sense I mean you find Me one project that that that is on The Xrp Ledger and I find one project that's On The xrp Ledger that's going to cease Operating on The xrp Ledger because the How now exists find me one good luck Because if they're operating like I said Earlier in the video if they're Operating on this Ledger right now The Xrp Ledger they don't need smart Contract functionality why would they Just light everything they built on fire To go to a separate just just does make Sense they're not going to go to a Separate blockchain and if they and if They're building on both blockchains as For instance W say wind will be doing He's made that very clear you know the Part where he needs smart contract Functionality the hooks Amendment he's Going to be using the zaha network cool Now he's building stuff that otherwise Wouldn't exist and that's bad for xrp my God I just think it's a lot of people That haven't thought this through the
People that are negative towards this That's just my personal opinion now if You if you know something that I don't Know uh cool I I want to know and then I'll be happy to give you credit and Talk about it in a future video if I Need to backtrack any of this you guys Let me know but I haven't seen the Arguments like a coherent argument on That front I think that people just Haven't sufficiently thought this Through I mean I haven't been persuaded Anyway and I'm I will absolutely Continue to listen to anybody but I Haven't seen a good argument it's I've Seen arguments like the one on your Screen here what a scam what what's the Scam what was put into place to scam People like I see that I see the Allegations but I don't see any sort of Structure behind this alleged scam I see Zero and I see accusations that aren't True victims I just he called these People victims they he said they Encourage victims to burn their xrp Those are victims that willingly choose To to burn their xrp they're adults Making decisions with assets they own But they're victims in doing so it's Like they're what they're victims of Their own stupidity are you like Daddy Government who wants to prevent people For being able to invest because they Don't you know their own money because
They don't know what's good for them Because then we get into that whole Thing with accredited investors which I Find to be offensive on its face in the United States you have to be an Accredited investor to purchase certain Things investment wise I just because Again the government they're protecting You from yourself so what should should Should people be protected from Themselves here because they're just Victims if they're making their own Decisions as adults in terms of what to Invest in right come on that's just Offensive that's Ridiculous all right let me know what You think I'll stop Ying on here I'm not A financial adviser you should not buy Yourself anything because of anything I Say or right that would be a very very Very bad idea until next time to the Moon Lambo
