Industrial Automation Control Programmer - Junkie Dad - Junk Collector @XRPJunkies Supporting my son, who is a developer on the XRPL @NexusXRPL
Burnet, Texas
Joined October 2021
- Tweets2.3K
- Following573
- Followers627
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The Modbus - Junk Collector retweeted
More good news for $RLUSD this week - @moodysratings has assigned RLUSD an A2 long-term rating and P-1 short-term rating, the highest possible short-term rating under its new stablecoin framework.
TL;DR: RLUSD is the first stablecoin to have ever received an investment-grade Moody’s rating. This is one of the most respected independent credit rating agencies in the world, and a massive validation of the quality, transparency and institutional-grade infrastructure behind RLUSD.
Moody’s assessed everything from the credit quality and liquidity of @Ripple’s reserves to redemption arrangements, custody relationships, regulatory oversight, and operational controls in their rigorous methodology.
As RLUSD continues to grow, this kind of independent validation matters more than ever. Moody’s has helped set the standard for assessing credit quality and risk across traditional finance for decades, and bringing that same level of assessment to stablecoins themselves is a major step forward for the industry.
Proud to see RLUSD helping set a new benchmark for institutional trust in stablecoins. ratings.moodys.com/ratings-n…
The Modbus - Junk Collector retweeted
The GENIUS Act marks a watershed moment in American finance, further cementing the United States as the crypto capital of the world. Just as President Abraham Lincoln’s National Currency Act of 1863 established a national framework for bank-issued currency, the GENIUS Act establishes a federal framework for payment stablecoins in the digital age.
The @USOCC's final rule carries that landmark legislation forward, providing a clear, practical foundation for private-sector innovation, competition, and American leadership in digital assets.
The Modbus - Junk Collector retweeted
What happens to your XRP in the SOIL XRP Vault?
It starts in your XRPL wallet and stays XRP the whole way. Part goes to onchain loans to trading firms, the rest to a regulated fund.
The yield comes back in XRP: 5% APR.
xrpl.soil.co
The Modbus - Junk Collector retweeted
The infrastructure for the agentic economy is finally coming together.
Pairing Yellow’s zero-gas execution with @XRP settlement creates the ultimate high-speed stack.
We are just getting started. 🤝
The Modbus - Junk Collector retweeted
🪙 We’re excited to announce that we’re partnering with @Ripple to expand our stablecoin optionality and integrate RLUSD into our banking core infrastructure, with support for transactions on the XRP Ledger.
Together, we’re combining traditional payment technology with RLUSD on the XRPL, giving issuers and acquirers greater flexibility to settle intraday and reduce settlement latency. By bringing stablecoins’ programmability and near-instant settlement into the same environment as traditional rails, we’re creating a unified payments experience where businesses can leverage the strengths of both.
We’re proud to enable faster payment capabilities and give our partners greater choice and flexibility.
Learn more: crossriver.com/newsroom/cros…
The Modbus - Junk Collector retweeted
JUST IN: Ripple launches 24/7 perpetual futures trading for Wall Street institutions.
The Modbus - Junk Collector retweeted
Thanks for your valuable feedback, but it doesn't matter.
I am one of 35 dUNL nodes, and I had the chance to refuse the upgrade. I downloaded the bin, diffed it, and based on how serious the fix was, updated my node. You weren't part of the process because you were irrelevant to the issue at hand.
People with no skin in the infra game or our eco should stay in their lane, especially if they don't know what they are talking about.
The security and stability of the $XRP Ledger always come first; everything else comes second. If you don't understand social consensus, there is nothing to say.
Thank you for your attention to the matter.
Hope that helps, Justin.
Selling XRP to retail as "decentralized" is straight-up fraud! 🚩
XRP has been running closed-source code for the last two weeks
Tomorrow, this code becomes mandatory & anyone who disagrees will get kicked off the chain!
A permissioned node list means validators must obey: 🧵
This cannot be justified purely as a critical security update either:
Good Practice:
Historically, decentralized blockchains such as BTC, ETH & SOL have instead directly pointed validators towards the new binary & open-source code without disclosing the nature of the security vulnerability while asking them to upgrade immediately
This strikes a far better & safer balance, because the risk of there being something much worse in a closed-source binary is greater. Malicious code could potentially steal & take down everything. That is why open-source is so incredibly important!
Centralization:
What is even more damning is what this again exposes about XRP's consensus:
XRP is clearly based on a PoA (Proof of Authority) system where all power is derived from the "kingmakers": The creators of the two permissioned lists (Ripple & The XRP Ledger Foundation)
You heard me right: Ripple consensus is based on a permissioned validator list! The Ripple company & foundation publish it themselves! Something we have covered in far more detail in my previous critiques
This is not meaningfully different from how Canton works, for example. However, at least they do not lie to the same extent about the nature of the network. That is my main qualm with Ripple: They are dishonest & in the realm of investment that is called fraud
Crypto researchers outside of that ecosystem do not take their claim to be decentralized seriously at all. They fall so clearly on the extremely centralized end of the spectrum in terms of "blockchain" design; it has become a bad joke
Conclusion
This is only the latest chapter of deception by XRP
As if giving themselves 100% of the supply & steadily selling that to the public over many years was not enough
Now they are blatantly lying about their decentralization & putting everyone at risk with closed-source code
That is the consequence of putting our faith in a centralized system. Eventually, that power will be abused, with dire consequences. As power corrupts & absolute power corrupts absolutely
Fortunately, plenty of other decentralized, scalable & economically sound blockchains exist. All the more reason we should not let XRP get away with this! 🚨
The Modbus - Junk Collector retweeted
Thank you, Rob Cunningham @KuwlShow for your kind words.
Calm, cogent, brilliant reasoning and beautifully articulated by one of our world’s leading, sound money economists, @judyshel.
An efficient, trusted, cross-border unit of account not issued by a central banking entity like the Federal Reserve lacking trust, with potential to abuse control.
Thank you, @goldtelegraph for this insightful interview.
@USTreasury @POTUS @Ripple @BankingGOP @DavidSacks
The Modbus - Junk Collector retweeted
There's 1 vote in for the Lending Protocol 1.1!
28 more to go....
XRP Ledger version 3.4.0 is now available ✅
New amendments for voting:
- Lending Protocol v1.1 - closed-ended vaults and cash-basis accounting.
- fix Cleanup - bundled fixes.
Performance and Stability:
- Online delete now pauses on ledger history gaps, so nodes stay closer to the tip.
- Peer protocol hardening and faster MPT freeze checks.
Packages have moved to packages.xrplf.org with an XRPLF signing key. Nodes on 3.3.0 or earlier must update their repo config.
Release blog post:
xrpl.org/blog/2026/xrpld-3.4…
The Modbus - Junk Collector retweeted
Ten years ago, we bet against the old guard. Every year since, Swell has raised the bar.
This October, we do it again on our biggest stage yet.
1,500 attendees. 75+ speakers. Three days in New York City.
Check out who’s speaking and what’s on the agenda:
ripple.com/insights/the-swel…
The Modbus - Junk Collector retweeted
A licensed central securities depository is recording securities ownership on a public blockchain for the first time — on the XRP Ledger. 🇧🇷
CSD BR is partnering with Ripple to bring Brazil's regulated capital markets onchain, starting with BTG Pactual fund shares, secured by Ripple Custody. ripple.com/ripple-press/csdb…
The Modbus - Junk Collector retweeted
Formal Verification for the XRP Ledger Lending Protocol.
The Lending Protocol (XLS-66) and Single Asset Vaults (XLS-65) are not smart contracts. They are native financial logic inside xrpld.
FV raises assurance above ordinary testing. Specify the behavior that must always hold, prove it in a machine-checked model, and keep that model aligned with the production code.
In depth thread why @CommonPrefix picked Lean 4 to perform FV on XRPL.
ICYMI: Formal Verification is part of the new security approach to amendments - dev.to/ripplexdev/the-road-t…
The Modbus - Junk Collector retweeted
Don’t forget - Ripple and XRP stand on settled ground. The 2023 federal Court ruling established XRP is not a security.
And in March the SEC and CFTC issued a joint interpretation naming XRP a digital commodity. SEC Chairman Atkins and a CFTC Chairman Selig understand these markets. We expect future rulemaking from both agencies to continue to set out clear rules of the road.
1/ This one stings. Our team gave everything we had to get the Clarity Act across the finish line. So did most of the industry. This was an opportunity bigger than Ripple or one company - we did this for the industry, for consumers and to cement the US’s position as the crypto capital of the world and as a leader in the future of finance. Ultimately, consumers and U.S. competitiveness got left behind.
2/ A post mortem needs to be done on why this failed (more from me on that in the days ahead). The politics of the democrats (the anti-crypto army) was elevated over good policy.
3/ There is still reason for optimism for crypto in the United States. Now, the SEC, under Chair Atkins, and the CFTC, under Chair Selig, will continue to work hard to issue rules to fill the legislative gap and we will continue to be actively engaged in that rule making process.
4/ Ripple's business has never been stronger — real demand across traditional finance and the digital asset ecosystem. A missed vote in Washington doesn't change our momentum, our global footprint, or our customers.
The Modbus - Junk Collector retweeted
AMA: Put Your Idle XRP to Work
Your XRP earns 0% in cold storage. 5% fixed APR, XRPL-native, says it doesn't have to.
🎙 @DCENTWALLETS × @soil_farm × @XRPBags
📅 Aug 13, 3PM CET / 9AM EDT / 10PM KST
📍 Space on @soil_farm
🎁 3 questions win a DCENT S + R3covery Card Kit
The Modbus - Junk Collector retweeted
JUST IN: 🇺🇸 SEC to unveil major crypto plans, Bloomberg reports.
The Modbus - Junk Collector retweeted
.@CFTC Exercises Emergency Authority to Ensure Market Stability: cftc.gov/PressRoom/PressRele…
