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Showing content with the highest reputation on 08/19/2019 in all areas

  1. 6 points
    Tinyaccount

    Trim the fat

    See this kind of biased and antagonistic bs is why your whole thesis is undermined. There’s only two possibilities: If you really think that Ripple does not have a use case then your analytical skills are somewhat suspect. If, on the other hand, you do realise that yes, they do have a very valid use case, and yet you say stuff like the above... then it’s clear that you are a biased and antagonistic poster with an anti-Ripple agenda. There are no other options.
  2. 5 points
  3. 4 points
    Julian_Williams

    Trim the fat

    SEC have said more than once that a crypto may start as a security and morph out of being a security. The wording looked like it was deliberately targeted as a green light towards Ripple. My impression is that the situation has being drifting from Grey to black and white, and the more time passes, the more XRP is adopted, the more XRP is free from this security label. If I was SEC I would not fine Ripple, instead I would ask them to put 90% of the XRP they own into some sort of fund for the benefit of growing the XRP ecosystem and administered by a third party. As you write Ripple were first mover, the laws are getting sufficiently clear now to act on scams before these sorts of situations arise. That the UK have given the green light to XRP indicates to me that the US SEC agency is coming under strong international pressure to end this regulatory ambiguity.
  4. 4 points
    Ripple-n-Time

    Trim the fat

    Sporticus, you have an agenda..... please take your “pro bono” advice you post as though it’s precedent, with you on the way out. Ripple has far better counsel than a self proclaimed chat room securities expert working on it...........
  5. 3 points
    Bruhne

    Trim the fat

    Ripple needs to trim the fat and direct its energy and intention into growing its revenue. Diluting the circulating supply to add to its arsenal of non-profitable endeavors isn’t cutting it. Sentiment is dead as is reflected in its tanking valuation. Get it together, Ripple. The issuance of xrp to fund your operations is destroying this project. Simplify your operations and cut your expenses. Redefine your objectives. And stop diluting our market. I’ve been around xrp longer than most of you can imagine, so please spare me the bs replies. After all, I’m still in the money on xrp and only bringing up a serious concern of mine. Also, how much dilution is projected to occur in q3? What’s the ratio of dilution to xrapid utility? How much is it losing favor or adding favor to utility? You guys need to get desperate with your operations. You’re getting too fat feasting on all that xrp. Take a fast and trim the fat. Everyone of us will thank you.
  6. 3 points
    Molten

    Charting the course of XRP

    The BTC dominance chart continues not to disappoint as we touched the lower trendline (literally right at midnight as the chart suggested in advance) and are now bouncing back. BTC is rallying right now and I expect this to continue. BTC dominance could creep up to around 72% before it reverses back downward again. This is our best case scenario: BTC rises quickly and we lag behind but continue to rise. So far, so good.
  7. 3 points
    Montoya

    Trim the fat

    Agenda or not, I think there is value in debate. He seems to be offering substantive critiques anyway, even if I do disagree with them. No need to chase off people who simply hold a contrary view.
  8. 3 points
    xrpmeplease

    Trim the fat

    agree with him or not, he's added value here so don't push him out the door...notwithstanding his tendency to represent opinion as fact, which in fairness he did redress in later posts.
  9. 3 points
    Sporticus

    Trim the fat

    XRP is not the problem, Ripple is the company that has flagrantly violated the US securities laws and has tried to convince others that it has not so that they will keep on making purchases.. Judging by the zombie posts I have seen, Ripple has been very successful at misleading the public that XRP is not a security. . The laws of the UK are not operable in the US. Whatever violation of the securities laws by Ripple in the US have occurred to this date are not capable of being dissolved or mitigated by legislation. There is a prohibition in the US Const against ex post facto impairment of contracts. The problem in all of this is having businessmen and technologists decide how to proceed without considering first or heeding the law. The first time I heard about an ICO in 2016, I knew it was unlawful and a scam. XRP should be allowed to exist, but Ripple will need to get out of the validator node controlling position and should be required to disgorge illegally obtained assets. If its software business is viable, then it should be able to succeed with that. But it has succeeded mostly in a bait and switch conflating the software successes with the token XRP to hype the market. I am not going to post any more, it is really no use and a waste of my time, like trying to teach pigs to sing opera.
  10. 3 points
    RippleMaggot

    Year Long XRP Trip.....

    Who will cover costs? Ripple ? Also sounds like it could be quite dangerous . Lots of ****** off investors already out there.
  11. 3 points
    Thanks mate. Yes I’m in Seoul. I won’t be posting much here, I just dip in to read Hodor’s blog and catch up with news in General. Not usually reading the Price forum. When the price goes back up the toxicity will disappear again.
  12. 3 points
    Molten

    Charting the course of XRP

    You know me and triangles... got another one on XRPUSD 15 min. It's a descending triangle, generally bearish. It's set to break tomorrow morning around 9 AM EST and could bring us back down to the $0.26ish level. I guess this would jive with my expectation that BTC dominance will start to rise again tomorrow...
  13. 3 points
    A good thing from physically having to settle in BTC is the fact that the network could break down due to usage causing people to actually look at functionality.
  14. 3 points
    Molten

    Charting the course of XRP

    Just got back... more to come later but just wanted to post a few quick thoughts. First, we are 2 for 2 with symmetrical triangles. If you recall we predicted a +/- $0.02 breakout that was supposed to hit this morning and we hit this perfectly, timing and all. We broke from $0.26 to $0.28 and we now stand above $0.28. We hopefully have reclaimed the $0.28 support and this is very good news; we have a floor again, at least for now. We were treading in some treacherous waters there for a minute. I expect that if push above $0.30, we could be in for a nice rally, as I think this will start a short squeeze. All of those shorts are probably sweating right now. If you're going to short, do it after a parabolic run, not after a big price drop. Here is the symmetrical triangle that we ascended out of right on schedule:
  15. 3 points
    Bruhne

    Trim the fat

    I’m long-term all the way... and it’s not about me getting rich. I’m more interested in Ripple stepping up their game and implementing xRapid. But it seems they keep adding to their product line before they even execute on their primary purpose. I feel they’re losing focus and need to get back in scope. It’s causing excess dilution, which results in diminished sentiment.
  16. 2 points
    xxxrp

    Year Long XRP Trip.....

    Hey guys and gals, I'm looking for some feedback on this idea I have for promoting XRP...... "Summary: A group of Ripple fans dedicating a year of travel to evangelize about XRP and all things IOV/ILP. We will be organizing and connecting through social media with the XRP community as we make our way through all major cities in the continental USA. We will be riding in an RV wrapped in XRP logos, with the ability to host meetups from right outside the RV. We will have video presentations, free XRP/Ripple swag, and discussions that will help Synopsis: We will have a call to arms for the online community to find us on our journey, and hosts meet ups in all major cities in 48 states Objective: Spread awareness of XRP and Ripple through 48 major city community meet ups, while boosting moral and adoption of XRP." So yeah..... Who's coming with me???
  17. 2 points
    xrpmeplease

    Trim the fat

    i'm not a securities guy so i'm not going to argue with you, but i consult in a regulatory environment as well and the thought that comes to mind when reading through this thread is that innovation is messy and it seems like you're being unduly harsh in assessing Ripple's intentions. or maybe not. we'll see, i'm still comfortable, though far from an expert. plus its a private company, so most of what gets discussed here is speculation in any event. but your posts were interesting and had substance to them, even if i don't agree with some of your conclusions, so please don't stop posting.
  18. 2 points
    Staigera

    Year Long XRP Trip.....

    Unless that RV is planning a heist on Ripple HQ i don't give a fck.
  19. 2 points
    Johno

    Trim the fat

    I’m following thread. Some god points are being made. Ive registered agreement along the way. I generally don’t comment. Better people than me make better posts. You, however, are just a disingenuous irritant. Either that or just an ijit
  20. 2 points
    Johno

    Trim the fat

    Who even are you? It’s getting Trumpesque now. But perhaps put in a bit more effort, go harder. Something like: ‘the most horrible lie ever. A more horrible lie I can’t remember’. Give it a go. Perhaps use all caps too just to add that little touch of SHOUTY MAN. Always a good look.
  21. 2 points
    Tinyaccount

    Trim the fat

    So could you just explain please what exactly you think is wrong with that tweet? To me it seems factual, accurate, informative and totally within business norms. In fact, to me it seems that anyone who has a problem with it is probably so biased they can’t see straight. Perhaps I’m missing something?
  22. 2 points
    Ripple-Stiltskin

    Trim the fat

    Or better: join him and fill your lungs with fresh air elsewhere. We need fresh air too you know! 😇😆
  23. 2 points
    panmores

    Trim the fat

    Well said OP. Agree that many ventures are not core responsibilities of Ripple, especially the philanthropist ones. They can do that once they settled, not as a startup. Money's much too loose in their pockets.
  24. 2 points
    Panopticon

    Trim the fat

    So if Satoshi reappeared and donated his million BTC to Ripple and they start selling it, then BTC is also a security? Correct?
  25. 2 points
    Sporticus

    Trim the fat

    I have been working on legislation like you refer to on behalf of tribal government clients and we are in contact with the SEC as well as a couple of state securities departments. Unlike Ripple one of my client's has a payment and tracking system that has an actual use case and no tokens can be used outside their system, and it is $USD asset backed and conforms to Turn Key Jet memo. I would not dream of advising a client on launching a token without a no action letter. Anyone who invests or buys your token deserves to know that the SEC will not shut you down. The way you limit third party risk is with a no action position in advance of operations. I know quite a few people in crypto from conferences and working with investors, other lawyers and developers. Many of the people whom I have met are not ethical and they are in it to con the public, clients or investors for a fast buck. But there are a few who get the opportunity to actually find beneficial applications for blockchain tech. Ripple has a problem as a first mover and has a model that simply does not comply with the securities laws. The class action suit is very well written and accurate and everyone should read it who is exposed to risk of loss. Ripple did not thoroughly investigate the legal ramifications of its actions from inception. It began to be seen early on with the problem involving FinCEN and not getting a money services business license. Anyone with any good sense or financial experience knows that you must comply with AML and KYC and make SARs. Ripple is careless and reckless like Facebook and thought that the new tech allows it to disregard the laws,. It will be finding out this is not the case and those who are invested in XRP need to grab their ears and yank their heads out of G-House behind. If XRP had the actual use case which Ripple has promoted for the last several years, then there would be a consistent rise in utility volume, but that has not happened. Ripple hyping XRP and using XRP to fund itself is illegal per se under the Howie Rule. Everyone here is an investor and expects a profit without any effort and the value of XRP is influenced by Ripple. That is a security under Howie. Facebook agreed to pay a $5 B fine and its customers' data mining model for income is in jeopardy. Now it is pivoting to Libra to monetize ads and that is causing wider scrutiny by government. The FB pivot to crypto has caused policy makers to take notice and even Trump has tweeted that cryptos will not be allowed to compete with the dollar. US Congress has been investigating crypto too. This has all been happening lately at the same time I have been working with regulators and I have noticed their posture has become more rigid and they are less interested in the innovative aspects of distributed ledger tech. Bitcoin is constantly implicated in crime, national security issues and is a waste of energy. USDT is a fraud. Now Ripple is being sued and the law suit is factually and legally sound. I think blockchain can be a truth machine, but the charlatans that are running most of these platforms are less than trustworthy and that includes Ripple. They need to be bulldozed aside and ethical systems which are amenable to law and public protection will invariably displace the anarchy of wild west crypto. I have been trading since 2013 and I thoroughly believe in the tech for a variety of applications, but i think that companies like Ripple are not the answer and we have been the guinea pigs in the emerging industry.
  26. 2 points
    Awesome. A vibrant city. Go have some “beef on a leaf and kimchi” for me when you can. I absolutely loved doing that when I was there. I forget what it’s really called. Yep, toxic is a good descriptor. Enjoy yourself there!
  27. 2 points
    Tinyaccount

    Trim the fat

    This certainly sounds like a man with no axe to grind about Ripple.
  28. 2 points
    peanut56

    Trim the fat

    I feel like we have an attorney representing the plaintiff suing Ripple. I guess your looking for ammunition for you're case.
  29. 2 points
    Tinyaccount

    Trim the fat

    I’m sorry but we differ completely on this. To me it looks like you are drawing incorrect conclusions from their statements. I stand by my belief that they have never said “their goal is to stabilize XRP prices, in order to get institutional buy-in” and that is not only not stated by them, but is not at all part of their plans and hopes for XRP. They have certainly said that when volume is higher and markets are liquid, the spread will reduce and the volatility will also. That is basic market behaviour and is assumed. They do not however state that the current liquidity is sufficient, and they don’t state they need stability for adoption and buy in. It might seem like a minor difference but it actually is quite fundamental. Under the assumptions you are positing, they could be quite happy with the current situation (and some here go so far as to suggest they deliberately engineer this situation), whereas I believe they in fact are not at all happy with this current situation and want a significantly higher price.
  30. 2 points
    Oh dear. No wonder XRP won’t go up. Some investors can’t even write properly........... Should be “your” and not “you”
  31. 2 points
    Tinyaccount

    Trim the fat

    @Sporticus you are throwing out statements about legal ‘facts’ as though they are unarguable, and yet your whole profession is all about arguing multiple sides of an issue. Can you please try and rein in the tendency to state ‘facts’ without mentioning that they are, in fact, just your opinion? Because you clearly have some professional knowledge here, the people reading your posts might just take your word as law when in fact it isn’t. Just one of many examples:
  32. 2 points
    Molten

    Charting the course of XRP

    Interesting chart. The old long term bottom support line (~1 year old) is now acting as a resistance. Significant if we can break above it, I think. Possibly down for another retest if we keep bouncing off and failing. First the long term view: And now the zoomed in 15 min view to the past few days action:
  33. 2 points
    CryptoBoiler

    Please don't be this stupid

    CEO unfortunately doesn’t owe you anything. If xrp fails, you go home, sit in a corner and cry. It’s sad to think, but that’s the possible reality. It either increases, stays the same, or it becomes as worthless as bitconnect or DavorCoin. Companies fail. That’s what a lot of hodlrs don’t understand or want to admit. There’s no one responsible if this project tanks. There’s no fed intervention if your xrp goes to .05 cents. You won’t get a letter explaining what happened or why. And it’s a reality. If those with big bags got a hint that this xrp isn’t what they thought it was, they will pull their bags out. And little guys like me and you will he left with crumbs. ****** at the CEO, looking for something to be done. That’s crypto. Win big, lose big. But it’s always big.
  34. 2 points
    Pablo

    Trim the fat

    We’ve been through this before: the SEC is a regulatory body that enforces the law, not interprets it. There are court actions in play and the SEC would need to await guidance of the court. The SEC won’t issue a TKJ type letter and Ripple would be suicidal to apply for one on those terms. It’s basically a last ditch attempt to save the farm and may even be more damaging to Ripple than losing the class action. Ripple has a very long way to go before they need to do something as drastic as that. I’m happy that they keep plugging away at the court cases.
  35. 2 points
    Our mutual "problem" is that most of all saw green numbers with a modest stack in XRP late 2017/early 2018 during the Bullrun and we all thougth this party would last at least another few months. So: almost nobody even thinked of selling their XRP at ATH because of pure and simple Greed. (me included) After the ATH when the price plunged, we all lost money and were in red. It''s part of human psychology to get out of debt/losses so most of us, again including me invested way more than we've ever thought that was possible to buy more XRP on the way down to lower our DCA. That's fine of course, but the greed is still inside us. If XRP goes to .52 i'm in green again. Could happen in a few weeks, or could take years, no one knows. I've figured out my exit strategy when the price is above .52 cents: i would ladder sell a part of my stack in the run up. BUT: imagine .59 is the new ATH to come? Knowing that XRP once hit $3.84 wouldn''t make me sell all my stack at .59, not even half. Why: because we all want to see at least a few dollars a coin. That's why we take a huge risk hodling. If XRP would fly to 5 dollars, only few would sell all of it and cash out, because "imagine if XRP goes to 25 dollars?" We'll if XRP reaches 25 dollars 80% of my stack would have been sold, and 20% will be kept for future higher prices. But there's a fair chance by then Greed has taken over in my head and I refused to sell and I'm left in self-pity because after the 25 dollar ath XRP nosedived to 1.13 again... "There are only two things infinite", Einstein once said: "The Universe and mankinds Stupidity".
  36. 2 points
    From what I understand, because the previous futures contracts didn't physically settle in BTC, they were simply cash bets on an average price of BTC on various crypto-exchanges, with all the fake volume, lack of market depth, and shenanigans that went along with it. BAKKT will avoid this by physically settling internally and thus determining the correct price, irrespective of any exchanges. In other words they will become the unofficial price setter. This is the legitimate price finding mechanism crypto has been starving for and will help to moderate price fluctuations.
  37. 2 points
    Montoya

    Trim the fat

    How exactly would this benefit XRP holders? Wouldn't the easiest way for Ripple to "grow its revenue" be to sell XRP? Isn't it doing that right now? I can see how revenue growth would benefit stock holders, but last I checked, owning XRP doesn't get you any shares. I assume you mean "grow its revenue through selling products not XRP". But here is the thing, perhaps growing revenue in such a manner requires the sale of XRP. This is information to which we are not privy, and why there is a certain amount of gambling involved when buying an asset such as this. We are hoping that Ripple is getting it right, and trying to grow the value of XRP. But it is entirely possible they could be flubbing it badly. One thing that reassures me is that the incentives are aligned correctly. Ripple has a distinct incentive to increase the value of XRP. So, it is likely they would try to do so in the long run. So then we must assume, if Ripple is flubbing it, it would likely be due to incompetence rather than greedily dumping XRP, sacrificing massive future profits for smaller short term gains. Finally, since we are not privy to the internal processes of Ripple, it is impossible for us to know one way or another if Ripple is flubbing it or not. We simply cannot know that because we do not have access to all the info. So then my question is, given our certain absence of knowledge about the full situation, which is more likely: Ripple is flubbing it? Or we simply don't know all the variables as well as we think we do?
  38. 2 points
    Montoya

    Trim the fat

    Ah, the hallmark of a great intellect: assuring others of just how smart they are! Are you certain it's us you're really trying to convince?
  39. 2 points
    Lawsuit

    Trim the fat

    Hmm. I guess that's one way of looking at it. My view is that when building an ecosystem, you can't really wait for one pillar to be complete before moving on to the next. Software development is iterative, as is scaling a business / product / ecosystem. If you wait for a product to be complete / 100% adopted before moving on to the next pillar, you'll never get on to the next pillar. It's like waiting for your product to be 100% complete before hiring a sales team to sell it - you'll never get your product off the ground if you wait for that.
  40. 2 points
    Lawsuit

    Trim the fat

    I'm interested to know your time frames on your investment. Because if you're looking to be rich by 2020, you're on the wrong asset. That doesn't mean you're not on the right asset long term.
  41. 2 points
    That’s absolutely true unless we are talking about me buying... I can tank anything with just a fifty dollar buy.
  42. 2 points
    These are settled in BTC, big difference
  43. 2 points
    These are physical futures
  44. 1 point
    Overlord

    Year Long XRP Trip.....

    yes but if i went off on a year long road trip with a bus full of XRP fans then i doubt i will have one when i get back....
  45. 1 point
    Benchmark

    Trim the fat

    Yeah, or maybe you're wrong and too blind to see it.
  46. 1 point
    Yodaxrp

    A short reminder

    Personally appreciate your efforts! If somebody here doesn't see the fact that each TA is based on statistic possibility, well...it's their fault, not yours!
  47. 1 point
    baobeiiiii

    Epic Pennant on BTC Chart

    ^ This is so fake as to be cringe. Sorry for doubting you Benchmark. Clearly it's a scam to get attention and then as step 3 says, hype a new coin.
  48. 1 point
    rootvegetable

    Trim the fat

    Ripple has never released any financial statements that back up this idea.
  49. 1 point
    I think I will clear my holdings if XRP went to 60c again and invest in shares instead. This CRYPTO thing is just too hard to read. And I don’t like to see XRP at these levels with so much happening behind the scenes. Should be a lot higher.
  50. 1 point
    manateehunter

    Please don't be this stupid

    While I don't recommend for anyone to do so, I did a similar thing in '17 and it worked out pretty well. Worst case screnario bankruptcy is not all that terrible.
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