@bgarlinghouse You have been dishonest with the XRP community. RLUSD vs. XRP: Why They Are Competitive Assets, Not Simply Complementary Assets The central point of your argument is this: RLUSD and XRP can serve different purposes, but they also compete for the same economic activity: moving dollars from one place to another. That distinction is important. Just because two assets can coexist on the same network does not mean they are not competitors. Let's break it down in a way that Ripple, Brad Garlinghouse, and the XRP community should have to address. 1. What does a competitive asset mean? A competitive asset is an asset that competes with another asset for the same use, customer, transaction, market share, or economic opportunity. Two assets do not have to be identical to compete. For example: Two payment systems can compete even if they use different technology. Two currencies can compete for the same payment. Two financial products can compete for the same customer, even if they offer different benefits. The key question is: Can one asset perform a transaction or fulfill a financial purpose that otherwise could have been fulfilled by the other asset? If the answer is yes, there is competition. 2. How RLUSD and XRP compete Consider a simple example: A financial institution needs to move $1 million from the United States to another institution. There are two possible approaches: