a few hours ago a drug addict stole a bottle of water from me. came up from behind and grabbed it out of my hand. i was shocked. but i’ve reflected on the experience. and it actually kicked off a great train of thought. that’s made me more bullish than ever for crypto. because things like this are happening more and more. to normal people like me. people getting robbed. stores getting shoplifted. and what we’re all realising is that the powers that be won’t protect us. we don’t know who’s in our borders. criminals don’t get prosecuted. they’re even starting to come into our homes. a girl i know woke up with a homeless guy literally staring at her in her own bedroom. he’d broken into her house share. this wasn’t in some village. this was in san francisco. crazy. and what doesn’t get stolen from us through force. is being stolen silently through inflation. the hidden tax. we all feel it. everything is more expensive. literally everything. but there’s hope. and it’s crypto. crypto gives us our rights back. it enshrines what is rightfully ours in code. in the future i think we will live in our own sovereign communities. governed by our own rules. codified on the blockchain. we will pay in crypto. if we find criminals we will just kick them out. if they come through our borders without our permission. they will be expelled immediately. this is my prophesy. somewhere along the way we in crypto got distracted by memecoins and gambling. we forgot why it was created in the first place. remember how the big banks failed in 2008? remember how we the ordinary people bailed them out? crypto was made to solve this. crypto was created to serve a much higher purpose than many people remember. ever tried withdrawing cash from your bank account? they’ll try to stop you. unbelievable. it’s YOUR MONEY! money is how they control us. it’s how they enrich themselves at our expense. to be free. we must own our own money. until we do this. we will never truly be free.

crypto is about owning what is yours. once you own it. nobody can take it away from you. you can take it to another country. you can give it to your kids. you can send it across the world to someone in need. all without anybody standing in your way. you do you in crypto.

the iphone is nothing without its app store. @easya_app is the app store of blockchain.

“ripple and its cofounders have too much xrp and keep dumping it” this is a criticism i see so much. because on paper it looks true. ripple and its founders have sold a lot. and i’ve also thought about it deeply. but was this just bad tokenomics design? my conclusion is no. the critics are wrong. it was actually one of the best tokenomics ever. here’s how it created the perfect environment for success 👇 first of all, there are many reasons people often give for selling, like decentralising ownership etc. i won’t go into those because i feel they have been tackled by other blockchains (e.g. through airdrops etc). instead. my thesis is actually that this tokenomics is one of the key reasons that xrp has succeeded. why? number 1, because its stewards were all heavily incentivized to make it a success. remember that xrp started from literally 0. they made it actually worth something. and today the top dogs have made hundreds of millions (some of them, billions). they were rewarded for this. and don’t forget. all of the original creators are still at ripple (apart from one). which other blockchain of the same vintage can say the same? vitalik is literally the only cofounder still at ethereum (there were 8 in total). and remember, ripple and the xrpl’s creators didn’t make money in a vacuum. xrp is up 120,000% since it started trading (see coingecko). early believers in the xrpl were rewarded together with its creators. they went on this generational wealth-building journey together. and how about ripple? its massive holdings of xrp are massive, yes. but importantly this has a purpose: it’s a warchest. and this has enabled ripple to keep building through bear market after bear market. taking big swings at its massive mission. people who say that ripple and the xrpl's creators were given too much xrp feel like socialists. they’re socialists who pursue equality and end up only making everyone poorer. those critics don’t understand that to create wealth, you need to reward those who generate it (for a great novel on this, see ayn rand and atlas shrugged). one of the greatest lessons from silicon valley is that to make something successful, we need to ensure its creators can become rich in the process. so in conclusion, did ripple and the xrpl's creators get a ton of xrp? yes. but was this a bad thing? no. i’ve come to believe it was actually one of the best things. you just need to look at the facts. anyone saying that the same success could have been achieved by giving them less is dealing purely in counterfactuals and in the realms of the imaginary. this tokenomics has long been forgotten. but it’s simple, and proven to work. and i think it’s actually one of the best ever.

very impressive growth of the xrp ledger. fastest increase in real world assets compared to any other blockchain. driven by @ripple’s $RLUSD. and this is just the beginning. what we’re working on @easya_labs will send this skyrocketing.

it’s epic watching it unfold.

“if nobody's selling, why is the price going down?” i see this question a lot. and i understand where it's coming from. the answer is that the downward pressure on tokens originates somewhere. lots of tokens are inflationary. lots of issuers own huge chunks and sell those. lots of investors dump them aggressively. the answer is it depends on the token. but i do think. a token which doesn’t have those characteristics. will have huge huge room to grow.

san francisco is great. lots of people fade it. and yes, in the wrong areas you’re literally walking amongst zombies. but in other areas you’re walking with the most brilliant minds in the world. walk down the street and there’s the uber hq, next to openai's hq, which is down the road from scale ai's hq. you can just chat with anyone you want to - people right at the top of their fields. i genuinely thought covid killed sf. it felt completely dead. walking down the streets it was like a ghost town. but it has risen from the dead. sf is back.

her: “he’s probably out partying with other girls”. me on friday night: making $XRP market cap multiplier visualisations. (i’ve also open sourced this all so you can use it to visualise how multipliers work)

lots of you’ve been asking: wen @EasyA_App ipo? here’s the answer. along with @dom_kwok’s price prediction 👇