On Saturday (5 November 2022), American lawyerĀ John Deaton, the owner of the Deaton Law Firm (which is based in East Providence, Rhode Island), explained why he believes it is wrong to claim that only Bitcoin can solve the problem of āinstantaneous global micro transactions at scaleā.
It all started on Saturday when crypto investor and advocate Anthony Pompliano (aka āPompā) made the following āinterestingā claim after Tesla and SpaceX CEO Elon Muskās takeover of Twitter (which had led to rumors of Musk wanting to turn Twitter into a āsuper appā that could do a lot more than micro blogging):

Pomp was quickly corrected by āCrypto Eriā (the owner and host of the highly popular YouTube channel āCrypto Eriā), who pointed out that it is ācrazyā to say that only the Bitcoin network could help Twitter deal with the problem of āinstantaneous global micro transactions at scaleā.
Another prominent member of the XRP who also schooled Pomp was American lawyer John Deaton, who has been closely following and commentating on the SECās lawsuit against Ripple. Deaton is also the founder of the websiteĀ CryptoLaw, which āwas launched in 2021 to be a clearinghouse of information, news and analysis on key U.S. legal and regulatory developments for digital asset holdersā, as well as the host of theĀ YouTube channel CryptoLaw.
Anyway, yesterday, shortly after Pomp sent out his tweet about Twitter using the Bitcoin network for payments, Deaton took to Twitter to explain in detail why Pompās claim was incorrect:

Deaton went on to say that in May 2014 the U.S.Ā Government Accountability OfficeĀ (GAO)Ā calledĀ XRP a āvirtual currencyā and that XRP holders āhave been utilizing this peer-to-peer decentralized payment system ever since ā including on Twitterā. He also mention theĀ XRP TipBot, which XRPArcade described in May 2020 as āa multi-platform application that monitors social media posts on Twitter, Reddit, or Discord, and allows one person to send another person XRPā and which gotĀ bannedĀ by Twitter in January 2020.







