Podcast Summary: On The Chain - "Is Ripple Bringing Back Codius? New York Going to Trump?"

Release Date: October 28, 2024

Introduction

In the latest episode of On The Chain - Blockchain and Cryptocurrency News + Opinion, host Jeff and co-host Chip delve into significant developments in the blockchain space, particularly focusing on Ripple's potential revival of Codius, and the political landscape surrounding the upcoming Trump 2024 campaign. The episode seamlessly blends technical insights with fervent political commentary, catering to both newcomers and veterans in the digital asset community.

Is Ripple Bringing Back Codius?

Codius Revival: Jeff initiates the discussion by revisiting Codius—a smart contracts platform initially developed by Ripple in 2014. Codius was envisioned as a flexible, scalable solution for decentralized applications, enabling off-ledger smart contract execution to alleviate the computational burden on the XRP ledger.

Jeff [05:14]: "Codius can talk to anything connected to the Internet. It was a really great, really, really great idea."

Historical Context and Potential: Chip provides a comprehensive overview of Codius's history, highlighting its shelving in 2018 due to Ripple's strategic missteps and shifting priorities towards institutional banking solutions. He emphasizes that Stefan Thomas, a key figure behind Codius, believed in its potential for revolutionizing smart contracts platforms.

Chip [06:30]: "Codius, an open source hosting platform for smart contracts, aims to revolutionize decentralized app development by providing a more flexible and scalable approach compared to traditional blockchain platforms."

Community and Developer Impact: The hosts discuss the importance of Codius's language-agnostic approach, allowing developers to write contracts in popular programming languages like Java and C++. This flexibility was anticipated to attract a broader range of developers to the XRP ecosystem, enhancing its utility and transaction capacity.

Jeff [08:31]: "It was a fantastic opportunity. If they roll it out, let's hope it's a massive rollout with a huge amount of money behind it to attract a lot of users really fast."

Comparison with Competitors: Jeff contrasts Ripple’s approach with that of Ethereum, noting that while Ethereum capitalized on smart contracts early on, Ripple missed the window, potentially dampening its competitiveness. The discussion extends to Flare, another smart contract platform, suggesting that Ripple might benefit from pivoting focus or collaborating with existing platforms to regain lost ground.

Jeff [13:08]: "10 years ago was exciting. Now I'm not so excited about it right now as I would have been 10 years ago. Because Flare exists, you know, and it's taken Flare a number of years to get."

Political Landscape: New York and Trump 2024

Support for Trump: The conversation shifts towards the political arena, with Chip and Jeff expressing strong support for Donald Trump in the upcoming 2024 elections. They discuss various political events, rallies, and endorsements that signal a resurgence of Trump’s influence.

Chip [03:46]: "Florida's going to Trump. I think a lot of states are going to Trump."

Fox Business Crypto Show Controversy: A significant portion of the episode critiques Fox Business's new crypto show, expressing disappointment in the choice of host, Sean Duffy, over more qualified journalists like Ellie Tarrett. The hosts argue that the network missed an opportunity to provide insightful crypto analysis by selecting a host perceived as less knowledgeable.

Chip [17:15]: "Sean Duffy... I don't think the person knows a lot about crypto and proved herself."

RFK Jr. and Kamala Harris Critique: Chip shares clips and comments from RFK Jr. and Kamala Harris, criticizing their policies and positioning Trump as a savior against what they portray as Democratic overreach. The hosts express frustration with the Democratic Party's strategies, including allegations of militarizing law enforcement against American citizens.

Chip [37:35]: "Any of you can look it up. This is a Democratic initiative."

Holocaust Survivor's Accusations: A poignant moment includes a Holocaust survivor condemning Kamala Harris by equating her policies to atrocities, specifically accusing her of aligning with Hitler's ideologies.

Byron Donald [41:28]: "To accuse President Trump of being like Hitler is the worst thing I've ever heard in my 75 years living in the United States."

Campaign Strategies and Media Manipulation: Jeff and Chip discuss the perceived manipulative tactics of the Democratic Party in reshaping narratives and undermining Trump’s image by associating him with extreme negative connotations.

Jeff [44:18]: "The left continuously tries to flip the whole narrative... creating chaos."

Technical and Streaming Challenges

Streaming Platform Issues: The hosts express frustration with their current streaming platform, indicating limitations imposed after a price hike, leading to reduced functionality such as diminished Super Chat features and restricted multi-platform streaming capabilities.

Chip [32:03]: "They doubled the software and took away our features."

Alternative Streaming Solutions: In response to these setbacks, Chip suggests integrating cryptocurrency as an alternative for donations and hints at the possibility of exploring new streaming platforms to regain lost features and audience engagement.

Chip [32:22]: "We just have to put a little code up there. You can just send crypto or something."

Concluding Thoughts and Future Outlook

Election Countdown: As the countdown to the election nears, Jeff and Chip contemplate live-streaming the results, anticipating a significant shift towards Trump based on the current momentum and public sentiment.

Chip [71:02]: "We have nine days to go... Let's see who wins."

Hope for Codius and XRP Ecosystem: Returning to the technical discussions, the hosts remain hopeful about the potential revival of Codius, stressing its importance for the XRP ecosystem's growth and the broader blockchain community.

Chip [13:08]: "Codius enhances XRP ledger ecosystem by providing off chain smart contract execution and increasing the XRP's transaction per second."

Final Reflections: Jeff and Chip wrap up the episode by urging listeners to stay engaged, emphasizing the importance of truth and transparency in both the blockchain space and the political realm. They express determination to continue advocating for their beliefs and supporting the XRP ecosystem.

Jeff [74:00]: "Truth is important. The truth is really important."

Notable Quotes with Timestamps

• Jeff [00:14]: "We got to talk about Codius. Is Ripple the one bringing back Codius?"

• Chip [04:15]: "This was a new version of Codius. I don't want to say too much yet because it's obviously still very early days."

• Stefan Thomas [63:15]: "In nine days, it's going to be the launch point for the center of making Donald Trump the 47th president of the United States."

• Byron Donald [41:28]: "To accuse President Trump of being like Hitler is the worst thing I've ever heard in my 75 years living in the United States."

• Dr. Phil [48:22]: "I want you to march with your beliefs... the difference between winners and losers is winners do things losers don't want to do."

Conclusion

This episode of On The Chain effectively bridges the gap between blockchain technology discussions and the fervent political climate, particularly around the Trump 2024 campaign. Jeff and Chip provide their perspectives with passion and conviction, making it a compelling listen for audiences interested in both cryptocurrency developments and the intersection of technology with current political dynamics.

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