Throughout its three-year legal battle with the SEC, Ripple has had a powerful force at its back: the XRPArmy. jeffwilser meets crypto's most motivated group of supporters and finds out what makes the Army tick.
Brad Kimes is a professional drummer. For 30 years he played in various bands -- rock, funk, blues, R&B, you name it. Between gigs, he worked as an aspiring entrepreneur, and he invented a baby playpen that you could use on the beach. He found suppliers in China. Kimes soon became a global importer, and to make cross-border payments, he was forced to use the clunky international banking system called “SWIFT.
Kimes might not love the world of banks and governments, but he thinks it’s absurd to imagine that a decentralized currency, like bitcoin, will actually topple the system. Or, as he puts it, the government will “bring in the tanks and the fucking guns before they let anybody come in with no fucking name [Satoshi Nakamoto] to run the fucking show. It’s not going to happen.”
This has been the case for years. XRP Army is such a force that in 2018, CoinDesk included it on the annual list of crypto’s Most Influential. “The XRP Army distinguishes itself mainly through scale and organization,” David Floydin 2018. “Question another coin’s merits, and a handful of trolls might come out of the woodwork. But measured by volume, intensity, duration and consistency, the attack will pale in comparison to an XRP Army operation.
DAI likes that these “adults in the room” are quite literally the adults in rooms with other powerful figures. If Bitcoin is for outsiders, XRP is for the insiders. “[Ripple CEO] Brad Garlinghouse, he was in a room in Switzerland, and I know he had the Hong Kong Central Bank in the room. He had the Russian Central Bank,” says DAI. “You’ve got to understand, this is what we’ve been studying and obsessing about for five years.
But Kimes, DAI, and the XRP Army have another theory for why XRP has lagged Bitcoin and Ethereum. It’s an explosive theory that animates the community. It’s a theory rarely talked about outside of the XRP Army. It’s a theory so spicy they assumed CoinDesk would never allow it to be published.John Deaton is a former Marine. Bald and muscular with an intimidating goatee, he’s also a plaintiff’s attorney who represents victims of mesothelioma and asbestos cancer. He’s not a crypto lawyer.
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