In this video, David Schwartz explains the value of XRP on both public and private ledgers. Learn about how XRP stands out in comparison to other cryptocurrencies and its potential for widespread adoption. A must-watch for anyone interested in the future of crypto.
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00:00Yes. But the question is, will the value of XRP be the same in the private ledgers as it is on the
00:05public? Yes. The value proposition of XRP is that it has these liquidity pools. If it doesn't make
00:11sense to isolate, there's no place where gold is worth twice as much as it is now, because if there
00:14was, people would just bring gold there and they would buy gold somewhere else and they would sell
00:18it there. Unless the only way that you can have the value be very different in two places is if
00:22there's a lot of friction. And if there's friction, someone will make a business of removing that
00:25friction. So I don't see any realistic scenario where XRP has significantly different value,
00:29unless something's wrong. Like a good example of a case, there was a time where the value of XRP,
00:34they called it the kimchi premium, right? Where the value of XRP in some Asian countries is very
00:38high, but that was because there were capital controls, right? That was because things were
00:40bad. I think that's a sign that something is not going well. The value proposition of XRP is that
00:44you can take it to all of the places, right? If I sell you some gold and you say, hey, this gold can
00:48only be used in jewelry. You're like, well, that kind of sucks. I don't want that gold, right?
00:50The value proposition of gold is that you have access to the entire value proposition of gold.
00:54And so I don't see any scenario where it makes sense to snip pieces off, again, unless something is
00:58wrong.