Podcast Title: On The Chain - Blockchain and Cryptocurrency News + Opinion
Episode: XRP Truth Bomb: Coingecko Gets It Wrong – Maxine Waters Exposed by Treasury Sec!
Release Date: May 8, 2025
Hosts: Jeff and Chip
Introduction
In this episode of On The Chain, hosts Jeff and Chip dive deep into the latest developments in the blockchain and cryptocurrency space, with a particular focus on XRP. The conversation is lively, filled with humor, and covers a range of topics from misinformation by Coingecko to political exposés involving prominent figures like Maxine Waters and the Treasury Secretary.
XRP and Coingecko's Misrepresentation
The episode kicks off with significant news about Coingecko allegedly misrepresenting facts related to XRP. Jeff mentions a "massive XRP Truth bomb" indicating that Coingecko has been getting key details wrong.
Notable Quote:
Jeff [00:16]: "You know that we're talking about? XRP Truth Bombship. There was a massive XRP Truth bomb Coingecko apparently getting it wrong again."
Custody and Security Concerns
A substantial portion of the discussion revolves around the complexities of cryptocurrency custody. The hosts analyze a clip featuring Jazdcar discussing the vulnerabilities in custody solutions, emphasizing that even the strongest multi-signature systems can be compromised if human elements are breached.
Notable Quote:
Jazdcar [02:24]: "And so even with the strongest multi sig custody schemes, if a human is compromised, you know, you're cracking open the doors to hacks."
Jeff and Chip further dissect the challenges faced by large custodial entities like Ripple, pondering the logistical nightmares of managing billions in assets securely.
Notable Quote:
Chip [03:15]: "I always wonder like, what is it like for these large custodial places that, you know, like Ripple has, like, how does that work?... There's a lot, I mean, are they scanning QR codes, you know?"
Content Creator Sponsorships and Trustpilot Insights
The hosts transition into a discussion about the economic realities of being a content creator in the crypto space. They critique platforms like Trustpilot, revealing insights into how paid endorsements can skew public perception.
Notable Quote:
Chip [07:13]: "Let me tell you the dirty secret of Trust Pilot... you pay them a lot of money every month and... They'll let you... It's a paid endorsement."
Jeff and Chip advocate for supporting genuine content creators who build their platforms organically, emphasizing the importance of community support.
Notable Quote:
Chip [09:48]: "That's why you have to find a way to support yourself... But what is feasible is the joy we get when you guys do support the channel."
Community Engagement and Promotions
The episode highlights community interactions, featuring a segment where a member named Mr. Connector shares insights about Apple’s App Store ruling and its implications for crypto development. Jeff and Chip actively engage in promoting each other's channels and encouraging listeners to support fellow community members.
Notable Quote:
Mr. Connector [21:26]: "...this moment represents a turning point for the developers... Finally the freedom to modernize on their own terms."
Launch of Badassery and Upcoming Projects
Jeff and Chip unveil their new venture, Badassery, aimed at uniting various badass-themed projects within the XRP ecosystem. They tease upcoming releases like Badass Chimps, Badass Yowies, and Badass Coffee, hinting at future expansions including badass merchandise and possibly whiskey.
Notable Quote:
Jeff [32:07]: "We're going to be rolling out Badassery, which is going to be, you know, pretty kickass... we'll tell you more about that when it gets closer."
Educational Resources: Zamen Wallet and XRPL Education
The hosts introduce Zamen Wallet, an educational tool designed to provide comprehensive knowledge about the XRP Ledger (XRPL). They highlight a series of 48 videos covering everything from beginner basics to advanced features.
Notable Quote:
Chip [34:33]: "Zamen Wallet came out with this. Guys, in case you're a developer out there, there's over nine hours of hands-on narrated XRPL education..."
Interactive Yeti Draw
A significant portion of the episode is dedicated to an interactive Yeti Draw, where listeners participate to win a legendary Blue Yeti from the Blue Trap. The segment is filled with excitement as the hosts announce the winner, Lethal 337, showcasing the community-driven spirit of the podcast.
Notable Quote:
Chip [60:56]: "Another yeti living out there. He found a home. It's none other than lethal 337. Thank you. Congratulations, guys."
Political Exposé: Maxine Waters and Treasury Secretary Scott Percent
Jeff and Chip present a critical analysis of a recent hearing involving Maxine Waters and Treasury Secretary Scott Percent. They dissect the exchange, highlighting Maxine Waters' aggressive questioning and exposing potential discrepancies in the Treasury's handling of cryptocurrency-related matters.
Notable Quote:
Maxine Waters [37:35]: "Please, you can't filibuster here. This is not the filibuster playground."
Chip [39:48]: "Maxine was involved with endorsing SPF and FTX. Remember she was blowing them kisses."
Critique of Legacy Media
The hosts critique the legacy media's portrayal of political figures and policies, arguing that the media often skews information to favor certain narratives. They reference a study by the Media Research Center showing a disproportionate amount of negative coverage on President Trump compared to President Biden.
Notable Quote:
Mr. Connector [53:46]: "They found that when you look at the coverage from the legacy media on President Trump, it is 92% negative versus coverage of Joe Biden that was 62% positive."
Closing Remarks and Final Draws
As the episode wraps up, Jeff and Chip reiterate the importance of community support and tease upcoming content. They conclude with another Yeti draw, maintaining high engagement with their audience.
Notable Quote:
Chip [65:17]: "We're out of here. See you guys on the next one. Chip and Jeff."
Conclusion
This episode of On The Chain offers a comprehensive look into the current state of XRP, critiques of influential platforms like Coingecko, and exposes political dynamics affecting the cryptocurrency landscape. Jeff and Chip blend technical discussions with community engagement and political commentary, providing listeners with a multifaceted perspective on the digital asset ecosystem.
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