for long-term hodlers: i have a serious question about life events (x-post from /r/Bitcoin)

https://www.reddit.com/r/Bitcoin/comments/1g3tj09/for_longterm_hodlers_i_have_a_serious_question/

Monero Community discussion about the future

Haveno, Atomic Swaps, and FCMP are all great plans for future advancements.

However, in the future, governments worldwide will likely use AI to monitor blockchains for criminal activity and tax evasion. This could merely serve as an excuse to increase surveillance on everyone, and anyone using Monero could be perceived as engaging in criminal activity.

I also foresee that these governments will eventually mandate the conversion of all fiat currencies to Central Bank Digital Currencies (CBDCs) by a specific deadline, possibly in response to a global cyberattack or some other orchestrated event.

After this deadline, physical paper fiat money will no longer be accepted. At that point, what will Monero be used for? We won’t want Bitcoin, and paper fiat currency will no longer exist.

I don’t see anyone in the Monero community discussing this. Will governments around the world do this, and will it affect our beloved freedom coin?

Ripple Launches 4.5 Million RLUSD Stablecoins Exciting Investors

Ripple Launches 4.5 Million RLUSD Stablecoins Exciting Investors

Yusuf Islam
Published: October 15, 2024 at 01:30 AM GST
Updated: October 14, 2024 at 11:26 PM
Bitcoin vs. XRP: The Path to Becoming a Millionaire
2 Mins Read
News
Ripple’s recent minting of 4.5 million RLUSD stablecoins shows strong growth in the crypto market.
The XRP local communities reacted positively to the recent coin dissemination, which boosted interest and trust in Ripple.
Ripple plans to launch RLUSD on Ethereum and aims for a future release on the XRP Ledger.
Ripple Labs has minted 4.5 million RLUSD stablecoins via the Ethereum network, which marks an important. development in the crypto space. Analyst X Goodmorningcrypto pointed out this event and showcased Ripple’s growing influence. The XRP community showed excitement after Ripple’s recent token burn, which is the first large-scale token reduction since the minting of 42 million coins.

Significant Token Burn Engages Community

Ripple’s recent token burn event has engaged the XRP community and generated strong interest. This burn happened during the private beta testing phase that began in August. Ripple locked two million RLUSD in an unspendable blockchain wallet to manage the token supply effectively. Community members responded positively and showed their enthusiasm across social media platforms.

Moreover, Ripple has increased the total supply of RLUSD to about $47.4 million. This update comes from Vet, a validator in the XRP Ledger’s decentralized unique node list. This figure shows a significant rise from previous reports indicating that 1.7 million tokens had been minted. Ripple’s minting strategy has changed from smaller amounts to larger amounts. The company recently recorded a single mint of 10 million RLUSD on October 4.

Ongoing Activity and Market Implications

Ripple’s activities do not stop at minting. The company has documented over 1,100 RLUSD burns since October 4. These transfers to inactive wallets are essential for the ongoing beta testing phase. These activities show Ripple’s commitment to keeping a dynamic token economy. Community members must also stay alert for potential scams related to RLUSD.

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Additionally, the stablecoin is not yet available for trading or purchasing. Ripple’s Chief Technology Officer, David Schwartz, confirmed that RLUSD will initially serve institutional investors. This limited availability raises questions about when regular users can access the stablecoin. Analysts believe that broader availability may follow the initial launch.

Future Prospects for RLUSD

Interestingly, Ripple announced that Pegger coins would debut on the ETH mainnet. This decision disappointed some members who expected a launch on the XRP Ledger. This strategy shows Ripple’s aim to use Ethereum’s established network. As Ripple prepares for a 2024 release on the XRP Ledger, challenges remain regarding features and functionalities.