Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation on 08/13/2019 in all areas

  1. 9 points
    https://thexrpdaily.com/2019/08/13/the-fca-regulatory-agency-categorizes-xrp-as-utility-token-and-not-a-security/
  2. 7 points
    Meh.......This kind of non-sense comes with the territory. That's why you make sure that you are lawyered-up appropriately: Ripple Labs Brings on Former Top SEC Officials to Help Defend Private Securities Lawsuit Former SEC Chair to Represent Ripple in XRP Lawsuit Ripple Hires General Counsel from Lending Giant CIT Group Ripple Welcomes New Board Member Benjamin Lawsky As I've explained in previous posts, every nation-state is trying their damnedest to become the leader of the blockchain/crypto revolution that is unfolding before our very eyes. The US lopsidedly dominated the ‘Age of Information’ and wants a repeat with crypto/blockchain. It makes no ******* sense for the various powers that be, here in the US (i.e. SEC, CFTC, etc.), to undermine the growth potential of one of the Red, White, & Blue’s prized unicorns (Ripple). XRP being classified as a security is extremely and highly unlikely. Better yet, if there was such a profound issue and or concern about XRP being a security, regulators globally would’ve addressed it already, Period!! However, what has really cemented my theory are the highly orchestrated and subtle subliminal messages being pushed out by representatives from the SEC and other regulating bodies. Earlier this year SEC Commissioner, Hester Peirce, offered the following statement: "Yet many of these projects begin in a centralized manner that looks about the same as any other start-up. A group of people get together to build something, and they need to find investors to fund their efforts, so they sell securities, sometimes called tokens. The SEC applies existing securities laws to these securities offerings, which means that they must be conducted in accordance with the securities laws or under an exemption. When the tokens are not being sold as investment contracts, however, they are not securities at all. Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities." (Paragraph 14) After reading that one paragraph I immediately thought of Ripple/XRP, particularly the last couple of sentences. Ripple’s has never promoted or sold XRP as “investment contracts.” Also, the UK's Financial Conduct Authority (FCA) has recently come out saying that XRP has been deemed to have “non-security attributes:" "Tokens may have mixed features that may overlap with the above categories, or change over time. For example, Ether can be used as a means of ‘payment’ (exchange token) on the Ethereum platform, and can also be used to run applications (utility token). XRP has similar features." (Page 8) A simple definition of a security is any proof of ownership or debt that has been assigned a value and may be sold. For the holder, a security represents an investment as an owner, creditor or rights to ownership on which the person hopes to gain profit. Examples are stocks, bonds and options- as these prove OWNERSHIP in such-said company/entity. Because XRP is an agnostic utility token used as a bridge-asset for cross-border/domestic payments, owning XRP gives you no rights or ownership in the private company Ripple. Yes, you and I may have purchased XRP via exchanges in hopes that the value will appreciate as more and more banks and FIs begin to utilize xRapid for liquidity, however, this is pure speculation and betting on our part as holders of XRP.
  3. 5 points
    I would be interested in a lawyers opinion. Reading this through, and I am no lawyer, made me think this is a straw argument built by complainants that are clutching at straws. What is their wished for outcome? Money or the trashing of the digital asset (XRP)? SEC have stated very publicly that an ICO that starts as a security can change into something that is not a security. It seems to me that XRP is now very firmly in that latter territory even if at first its status was off white and at times ambiguous.
  4. 5 points
    Eric123

    Epic Pennant on BTC Chart

    @Molten That's not my trend line. On mine we are below by about 3k - but I expect we will be returning to the line and above it in a week or so. That line looks similarly drawn to one @dr_ed recently drew. My trend line which I loving call the E-Line (copyrighted patent pending) returns BTC to the ATH by November 29, 2019.
  5. 5 points
    The link below expands on the idea of using MV = PQ to value a digital asset. I have yet to put together any analysis utilizing the methodology in the link but figured it's worth sharing. https://static1.squarespace.com/static/5a479ee3b7411c6102f75729/t/5cc4ad03f5a50f00010525e7/1556393220303/Value+Capture+and+Quantification_+Cryptocapital+vs+Cryptocommodities_Final.pdf
  6. 4 points
    XRPto50dollars

    Charts - How To's

    YEAH!
  7. 4 points
    Western Union like many companies has done stock buybacks to artificially boost share price over the years. Its fees are high and offers poor exchange rates. In the new world of mobile global payments it is surely still a juggernaut, yet losing market share to the many other options. Alipay in Asia/Europe come to mind. Some of the preceding posts that the Western Union CEO is some oracle of the digital age have been patently incorrect. Don't trust my opinon- please research news on Western Union to learn more about it's "leading edge" global payments system. Lots of 1-3 days waits to load those accounts from banks. It's a stodgy old legacy system that is barely keeping up with the times. Its sheer size masks its poor quality, yet for now it retains its global dominance no question.
  8. 4 points
    I respect your view, but the same can be said of fiat currencies. Currency wars are raging around the globe at the moment. It could be argued that the Federal Reserve has the most control over the US currency; that is, a single entity has control and one that at least began as a private entity. Look where it has led us, to a point in time where we are looking to digital assets such as XRP to help alleviate another contagion because the Fed has irresponsibly abused our money. China's communist government controls their money and have equally abused it in numerous ways, including devaluing it as well as loaning trillions to their own companies with no intention of being paid back (basically the same thing as running the printing presses). I guess it all depends upon who one sees as the adult in the room. While it may be a stretch for Ripple to be that adult long term, it may not be a stretch short term in a crisis. The crisis itself may bring about the liquidity needed. I think XRP can be a store of value just like BTC, except with the difference of having much greater technology behind it and a much broader use case. It combines the best of gold and the dollar. The gold cannot be inflated and the dollar is useful on a day to day basis. XRP is both of these with modern technology (At least it cannot be inflated from a technological standpoint. I know your point about Ripple applies here). I'm betting that in addition to having that great use case we all admire that it will also be a store of value.
  9. 4 points
    I don't think xrp can be seen as a store of value as long as Ripple holds them. In reality I do not believe that xrp can be seen as a store of value as long as xrp remains undistributed. This comes to more of psychological/safety stance. In a crisis why would a person put their savings in an asset where known control exist within a single company. BTC is seen as distributed fairly by work, I'm leaving that argument there for sanity purposes. To the individual saying give them away. I think that is a rather short sighted idea. The only way Ripple would distribute xrp in a giveaway fashion is if the network was in true jeopardy. If ripple failed I would assume that escrow release would be continued without xrp being put back into escrow. Maybe. Ripple will more than likely remain in control of the xrp and slowly release them in accordance to network growth. Question 2: Without liquidity xrp can not be used for its intended use case on a large scale. My belief is xrp's success is dependent on the ability of it being useful. If we will see gains it will come from xrapid and xvia. More than likely the next financial crisis has already started. If the causes the need for countries to be independent of another nation's currency for their own stability then maybe it is a catalyst for xrp's rise to full usage. We are speculators with little control.
  10. 4 points
    tar

    Epic Pennant on BTC Chart

    https://www.tradingview.com/chart/BTC.D/0gHBdUnH-BTC-Dominance-Peaking-Altcoin-Season-Upon-Us/
  11. 4 points
  12. 4 points
    Eric123

    Epic Pennant on BTC Chart

    @Cesar1810 thanks and hugs are not necessary. Yeah I think once we break above the Trendline which would bring us to around $13k, we can bounce as high as $17k (more likely $15k) before a pullback. I don't think we will get back around $19k though until around the end of November. The fun should really start next year though.
  13. 3 points
    @Valhalla_Guy Seems like you know your history, and refreshingly it’s not the popular version rewritten by liberal academics. I’m a fan of Dinesh D’Souza as well. But your rant is a bit disproportionate here, like using a mallet to kill a flea.
  14. 3 points
    No what’s sad is a few morons who bought at the top full well knowing what they were doing are trying to block something very cool happening for a few bucks. thats the reality of it, full stop. if all this **** had been cleared up two years ago who knows how much progress would have been made. PS - you are a drama queen.
  15. 3 points
    dr_ed

    Epic Pennant on BTC Chart

    My portfolio has had the runs all summer. It's completely dehydrated. Freeze-dried alt coins...... just add water,
  16. 3 points
    Roaring_Twenties

    Epic Pennant on BTC Chart

    Oh god no. No more VET FOMO for me. I’m already whale status in my own mind. I start buying VET again and I influence the market. I stop buying and it’ll collapse. I’m staying on the sidelines and nurturing my fiat for a while. It’s taken a beating this month and needs time to heal. It keeps trying to turn into XRP at .29 and I’m having a hard time telling it to settle down.
  17. 3 points
    dr_ed

    Epic Pennant on BTC Chart

    BTC still looks like the best chart in the crypto space. I'd say it's shaping up for a fall run.
  18. 3 points
    I agree that as it stands right now there would be a USA dominance. But that’s why I included the ‘assuming continued worldwide adoption’. I know David has said that geographic decentralisation of the UNL is one of his current goals. Im not sure I can agree that Ripple lead the pack but certainly the USA does. But I don’t think that is intended to continue and I think progress is being made towards global decentralisation. The top image looks encouraging until you see the next one... So I’m not sure we are disagreeing... I can see your scenario as possible presently, but perhaps not possible in the medium term future.
  19. 3 points
    https://bithomp.com/explorer/rKPhvMRh1xKT6yipnwNGbtLt1GDRTXU33x this account activated by gatehub, received over 40 million XRP from ripple and then send these XRP to gatehub.
  20. 3 points
    Everything you write maybe correct, but that does not excuse the very complacent comments from their CEO about a year ago about going digital. I am sure that Block buster were better than Netflicks at running a chain of shops. Blockbuster did not fail because it was badly managed, it failed because it was complacent and did not embrace change. It is well known that the legacy banking industries have not put much effort into trying to provide the services to the unbanked in underdeveloped economies, so it is natural that digital transfer services will have first success in these types of economies. It may happen that small fintech companies come in even cheaper than a reforming Moneygram. No shipping line managed to set up an airline. Disruption has a habit of favouring the new over the old. But the old that are complacent about displacement by disruptive techs stand no chance. At least Moneygram are giving themselves the best chance.
  21. 3 points
    There is a widespread opinion that a new asset class is needed as never before. Bonds with negative interest rates is at its historical peak, reaching 12 trillions USD. Yes, those bonds provide good returns lately (Germany’s 30-y bonds are 25% up in 2019 alone!) while interest rates go down but will become a burden when rates can’t go lower. Generally speaking there is a huge imbalance in the bond market, a simple fact that Greece has a lower yield than the US tells you a lot. Hell, even Nokia has negative rates which conflicts with common sense. Where all the money from bonds with negative rates can go when the music (read, lowering rates) stops and all investors want out? Right now it’s real estate (~250 trillion USD), stocks (~80 trillion USD) and gold (~9 trillion USD). I have my doubts about real estate and stocks and I’d say many are considering gold (and its digital reincarnation - bitcoin) as safe heavens. Will XRP take a slice of those 12 trillion? That is still to be seen. Food for thought - https://qz.com/1647791/12-trillion-of-negative-yielding-bonds-are-a-distress-signal/
  22. 3 points
    Pablo

    Ripple Lawsuit Tracker

    There's been a recent update to the Sostack case as the class action is now being represented by Susman Godfrey. The Complaint has little merit in my opinion and there are plenty of LOLs from the very first pages: (https://cloudup.com/c8srzA-f5lS). They've even included a screenshot of one of Joel Katz's comments as "evidence". @brjXRP17 - do you have anything else on this one?
  23. 2 points
    Hodor

    Believe in the Use Case

    Blog URL: https://coil.com/p/Hodor/Believe-in-the-Use-Case/wVlly8kWp 𝐓𝐡𝐞 𝐮𝐬𝐞 𝐜𝐚𝐬𝐞 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐤𝐢𝐧𝐠, and there is one digital asset positioned for globally-scoped levels of usage and transactions. Learn more, and find out my take on all the latest news affecting XRP in today's blog. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Xpring fund Equilibrium, a company that will make participation in ILP much more easy for stakeholders; Coins.ph releases a video celebrating its RemTech Award and profiling its use of digital assets; Xendpay re-affirms its use of Ripple technology, this time for a Kenya corridor; and FortePlatform makes headlines in a new interview. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Cinnamon formally announces a soft test release of its video streaming platform. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Six independent websites exist where stakeholders can access information about validators on the recommended UNL; @hmatejx announces that he's going to create an automatic tool for tracking xRapid usage; Blockdaemon announces outsourcing service for businesses wanting to run an XRP Validator; and Poloniex adds new stablecoin pairings for XRP. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  24. 2 points
    "Repeat a lie often enough and it becomes the truth" - Joseph Goebbels This is the only reason it is a "thorn in the side of Ripple". The losers who hate XRP have been making up nonsense for a long time. That is why it is a thorn, not because there is an ounce of credibility to this claim.
  25. 2 points
    If a publicly traded company goes bankrupt, its stock price goes to $0 and it ceases to be traded. Unlike a security, XRP cannot go bankrupt. In the worst case if Ripple goes bankrupt, XRP will still exist and it will be worth something (even if it’s very little). It will still have utility with or without Ripple. With its fast transaction speed and minimal energy consumption, some other group / entity would take advantage of the opportunity and find a way to utilize XRP if the worst case occurred.
  26. 2 points
    Since accredited investors can buy shares of Ripple Labs then it seems an illegal sale of Ripple Labs shares would have been a breach in security laws. I don't see how that doesn't differentiate xrp and private shares of a company, which would fall under the securities laws of accredited investment. I wonder if the plantiff understands that if they had not followed through with a class action suit they would probably be seeing profit as that hit xrp like damn brick. It would be interesting to know more about Xspring and how it affects the business model of those granted money for tech advancements. Does Ripple give money to Xspring companies in return for shares/board seats/royalties and so on. Can companies that are developing on the XRP ledger exist and function without Ripple Labs. This would differentiate Ripple Labs from XRP. If the the Law does define XRP as a security, but no longer considers it to be one, then Ripple may have to pay a fine, but then be declared as of now not to be a security. Long story short, The article is bias. I think most of us agree that the securities issue is a thorn in the side of Ripple and anyone who speculates on the rise of XRP as use cases increase.
  27. 2 points
    I’m considering suing Rolex because all of my friends made profits selling their old Rolex watches but when it was my turn to sell my watch, the price dropped. I think it is Rolex who miss led me to speculate. It’s because they sold too many watches in this quarter. I lost money because of them! Where is my money Rolex?
  28. 2 points
    Where is Trump, I thought he would join us here on XRPChat.
  29. 2 points
    While the case is a year old and has not yet received class-action status, the new complaint is the first that Ripple must respond to with a substantive answer. Ripple has until mid-September to file its response. I think it's good, Ripple can finally explain them why they'll lose their crappy class action
  30. 2 points
    Not gonna be able to download anything to my computer friend. This is a community for crypto investors, I would hope that we're a bit more savvy than to install some random excel sheet on our computers. Excel can use VBA (Visual Basic for Applications), which is powerful enough to do some damage, it can definitely scan a hard drive and send an email. I'm sure there are online options for you if you really want people to look at your spreadsheet.
  31. 2 points
  32. 2 points
    Molten

    Epic Pennant on BTC Chart

    So this chart from 3 days ago is actually aging quite well... we continue downward on BTC after breaking the triangle and I still hold 10600-10700 as our target low and I'll be looking to buy there.
  33. 2 points
    Who says its a gift and not a sell? Verzonden vanaf mijn iPhone met Tapatalk
  34. 2 points
    Let’s hope so - a good will gesture to help everyone out 😊🐾
  35. 2 points
    dr_ed

    Epic Pennant on BTC Chart

    Nice. I'm off for a short holiday tomorrow myself. Off-grid, pretty much, after Thursday, for a few days.
  36. 2 points
    Trentsteel

    Epic Pennant on BTC Chart

    Glad I'm going on holiday for a couple of weeks in the sun, always takes my mind off of Crypto
  37. 2 points
    "I can’t see a majority of nodes agreeing to any change that means the FED controls the ledger." (tinyaccount) The beauty of decentralization is the difficulty for a single body to control the network.
  38. 2 points
  39. 2 points
    If those XRP's are meant for what I think they are then bless Ripple for saving both investors and an Exchange in trouble! Fingers crossed that it is!
  40. 2 points
  41. 2 points
    I am really impressed. I just tried sending money to Greece. $500 from a US bank account to a bank account in Greece: Okay, what does Western Union offer? So please observe the Amount of Euros received! Also note, the reason that the Bank Account is grayed out in the Western Union app is because the Bank Account direct option is not available through Western Union. What About Transferwise? The rate was $4.99, but you don't get the money until the next day. I can see scenarios where an extra $5 is a small price to pay to have money settled in minutes.
  42. 2 points
    Eric123

    Epic Pennant on BTC Chart

    Whenever I see the term Psychological Level - I know the author of the article is not familiar with bitcoin. You don't have to watch bitcoin's price movements for too long before you realize that they are not tethered to any multiple of $1,000 or $500 with $11,500 having no more relevance than $11,487 - other than the $13 if your are buying or selling but as far as sentiment it's basically irrelevant. Anyway we are right now below the "psychological level or $11,500" LOL. It's no matter. I had stated that Bitcoin would be returning to the E-Line and above $13k in a week or so - Looking at the chart I'm pretty confident that that will occur. Our most recent move lower has been on decreasing volume, I doubt this direction and volume lasts much longer.
  43. 1 point
    Molten

    Epic Pennant on BTC Chart

    My bad. I got carried away - I should never have attempt to co-opt the much beloved E-line Rookie mistake. And you're right, its @dr_ed that I plagiarized, not you lol.
  44. 1 point
    No, this dog and pony show isn't about a few retail investors who want their money back. All this was initiated in a desperate attempt by legacy wealth holders who KNOW their fate is sealed they are just holding out for as long as possible. Citibank is effectively the plaintiff. There is zero chance XRP is ruled a security whether it be federal or california. DOG...AND...PONY...SHOW. Perhaps they have stalled progress, maybe long enough for Swift to cobble together a reasonable user base on GPI but that isn't the end game. XRP will shine, it won't be a straight line and there will certainly be more hurdles and roadblocks to cross but it ain't a security.
  45. 1 point
    Nah bro, sell everything immediately. ...but seriously, I'm reading through this and it is pretty good, it is from 2018, but like as was said above, this is all dead inline with Ripple's talking points.
  46. 1 point
    AlejoMoreno

    Charts - How To's

    Stop going around and posting this garbage everywhere you crazy baboon. I've had enough of you. State your opinion/argument once and that is enough.
  47. 1 point
    You make an excellent logical case good sir, and so I will say thank you for your thoughts, and I will bow out of this deep discussion.
  48. 1 point
    Don't listen to the full hour - even the first 5 min should be enough to get you up out of your chair. It's also worth noting who participated so I've extracted the names for future reference: Panelists: (1) Ms. Neav Chanthana, Deputy Governor, National Bank of Cambodia (2) Mr. Thakorn Piyapan, Head of Krungsri Consumer Group, Bank of Ayudhya (3) Mr. Soon Sze Meng, Vice President, Business, Singtel International Group (4) Mr. Alexi Lane, Founder and Chief Executive Officer, Everex (5) Mr.Sagar Sarbhai, Head of Regulatory Relation APAC, Ripple Moderator: Dr. Daranee Saeju, Senior Director, International Department, Bank of Thailand Nice find @xrpmommy - we should appoint you as head archivist at XRPChat!
  49. 1 point
    Dear Brad, I want to be rich off your efforts but I don't want to wait until your long term strategy comes to fruition so can you please do the most stupid thing I can think of and burn your war chest and all your other nice things so I can buy a lambo. Yours sincerely A Fukwit
  50. 1 point
    Has anyone seen the activity around the Ripple office lately? I heard it was like a scene right out of a movie.
×
×
  • Create New...