Seen lots of #“buidl” comments from the #xrpcommmunity. Now, more than ever, you should support changes like Richard Holland’s Hooks for the #XRPL . Let me explain why.

I’ve worked with Richard for several years trying to build on the XRPL. It’s cheap, fast, secure and has the potential to mint tokens. So, why not use it, right? For example, we worked on a self-KYC identity solution called iXRPL. 2/n
It stamps your XRP account with a token from an identity provider that confirms you have KYC’d yourself and allows you to grant single-use access to the underlying data for exchanges seeking to confirm your identity. 3/n
It protects against fraud (e.g. deal only with stamped accounts) and solves the proposed FinCEN rule of KYC’ing private wallets. Everything is encrypted and decentralised and runs on unique consensus protocol Richard developed called HotPocket. We will showcase it soon. 4/n
But for other uses, we kept running into a problem: tokens on the xrpl are controlled by keys, not code. You can split the keys, but you always end up with someone controlling the secrets and those secrets have to be held somewhere. 5/n
This meant XRPL tokens always had a counterparty. And after the SEC action against Ripple everyone can see how important it might be for an asset to have no perceived counterparty. 6/n
It also means there is always a custodian and a honeypot. This is a problem for various reasons, mostly to do with legal liability under various guises, be it Money Services Business, Securities or just consumer law and tort obligations as a holder of someone else’s value. 7/n
This differs from Ethereum where the token can be controlled by the protocol. Contracts have their own address, instead of interacting with accounts. You can throw away the keys and everything still works. 8/n
Richard conceived of Hooks as a way around this problem for the xrpl. Essentially, tokens can be controlled by very small amounts of code, rather than keys. So tokens created on the xrpl can effectively held by the xrpl, rather than any set of individuals. 9/n
The Hooks can then interact with other protocols and “second layers”, allowing more elaborate and sophisticated smart contract platforms to interact with the xrpl to direct how tokens are held/transferred/escrowed etc. Hooks are truly powerful. 10/n
With Richard, I am working on a specialised dapp/smart contract layer able to interact with Hooks on the XRPL (and all other chains). This would bring trustless and powerful smart contracts to the XRPL, including XRP collateralised stablecoins and other forms of defi. 11/n
More soon… follow along if you’re excited for updates early in the New Year. 12/end
Link in first tweet didn't work... learn about Hooks here... https://t.co/iLoNPpIk3n
1/n

More from Law

This is what he wants to do.

No matter how this trial plays out, the US will remain divided between those who choose truth, Democracy, and rule of law and the millions who reject these things.

1/


The question is how to move forward.

My mantra is that there are no magic bullets and these people will always be with us.

Except for state legislatures, they have less power now than they have for a while.

2/

The only real and lasting solutions are political ones. Get Democrats into local offices. Get people who want democracy to survive to the polls at every election, at every level.

It’s a constant battle.

3/

Maybe I should tell you all about Thurgood Marshall’s life to illustrate how hard the task is and how there will be backlash after each step of progress.

4/

Precisely. That's why Thurgood Marshall's life came to mind.

We are still riding the backlash that started after the Supreme Court decision in Brown v. Board of Education.

That's why I keep saying there are no easy
The debate over law and order comes to the forefront yet again. Law and order - both can be maintained with equal zeal. One needs to take precedence over the other. Will that be Order over Law or Law over Order?


In other words, what do governments prefer - looking away the other side when law is broken with impunity in the fear that acting against the offender will lead to large scale rioting on the roads?

Or will the government gear up to uphold the sanctity of law and punish every single one trying to break it? There are many examples. Take the Tablighi Wuhan Wave. Or Bangalore Riots. Or the destruction of Temples in Andhra.

Now, if the perpetrators are punished, there is going to be large scale rioting. Pointing out Tablighi Wuhan Wave destroyed many a person in the Gulf when Pakistanis and their minions profiled every Indian and got them arrested for insulting Islam.

No one talks about the post to which the MLA's nephew responded to. Singhu Resort is another. What's stopping the government from clearing the protest site? Is it the same confusion between law and order?

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These setups I found from the following 4 accounts:

1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili

Share for the benefit of everyone.

Here are the setups from @Pathik_Trader Sir first.

1. Open Drive (Intraday Setup explained)


Bactesting results of Open Drive


2. Two Price Action setups to get good long side trade for intraday.

1. PDC Acts as Support
2. PDH Acts as


Example of PDC/PDH Setup given