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Showing content with the highest reputation since 02/27/2021 in all areas

  1. I'll take a stab at these because they are important questions - I've numbered them to simplify things: Yes - I can see a scenario where only the sales of XRP by Ripple, Brad and Chris are treated as the investment contracts while the token "XRP" is free from securities laws. That will leave XRP to be traded on the secondary market without restriction so it's entirely feasible that ODL remains a legitimate use-case in the US. Gensler did make reference to crypto exchanges potentially having to comply with securities regulations so that will be interesting to watch because it
    21 points
  2. https://ripple.com/insights/ripple-pilots-a-private-ledger-for-central-banks-launching-cbdcs/ I'm not going to link all my past comments over the years that speak to this end result... but yeah, this makes sense. Good job team Ripple! It all started years ago in Japan with a consortium of domestic banks. Add in some time to allow the rest of the world's Central Banks to catch up. Welcome to 2021, the new "Money 2020" lol.
    18 points
  3. PDF: ANSWER OF DEFENDANT RIPPLE LABS, INC. TO PLAINTIFF’S FIRST AMENDED COMPLAINT Haven't read it yet, but this is probably key:
    16 points
  4. The introduction is nicely put together with lots of very juicy and quotable passages. I have highlighted in blue bits that stood out as a good read. PRELIMINARY STATEMENT 1. The Complaint filed by the SEC advances an unprecedented and ill-conceived legal theory — with neither statutory mandate nor congressional authorization — that Ripple’s distributions of the virtual currency XRP constitute “investment contract[s]” and thus “securit[ies]” subject to registration under Section 5 of the Securities Act of 1933. 15 U.S.C. § 77b(a)(1). That theory ignores, among many oth
    16 points
  5. Another relevant YouTube from Jeremy... Length: 10:42 https://www.youtube.com/watch?v=C1DTk2gD1_Q
    13 points
  6. yes, timing sounds about right, new cycle (defined as surpassed previous ATH) started in around early Dec for previous and current cycle, the first major impulse happened around End March / Early April, so we moon either this month or next month mark my words, this is the month i become Sir Parabolic, you all will worship me.
    13 points
  7. I'm feeling it today, the hopium is in my bones! The below is BTCUSD daily chart, it seems the next leg up is already ready without further retrace, look at the consecutive red days but at the same time the volume is decreasing. The dip brought us close to the 50 EMA (purple line), then gave us a good sized Bullish engulfing candle with higher volume compared to the past 4 red volume bars. Buckle up bois, next stop 65000 to 70000, then we'll complete the first major impulse of BTC according to Fibo, and most likely the next phase of bullrun will begin, which is the legendary alt
    12 points
  8. Our Statement on Order Denying Tetragon’s Request for Preliminary Injunction In short,Tetragon lost. Ripple IOW: "You can stick your lawsuit up your *** Tetragon." EDIT: Stuart Alderoty's reaction:
    10 points
  9. U mean the McAfee who buried himself in beach sand to evade police capture for killing his neighbor's dogs in Belize? ...and then wanted for murdering the neighbors themselves? The one who ran for president in 2016, leading the 'Cyber Party'? And then again in 2020? The one with the meth problem and a 16 y.o. girlfriend? Who hasn't filed taxes in 11 years? Who said in '17 "I'll eat my own d@ck on national TV" if BTC doesn't hit $1/2M in 3 years? .... (We're all eagerly waiting that!!) Who went around licking grocery carts and shoe bottoms because he didn't b
    10 points
  10. I had a dream last night, i was at theme park, i ride the roller coaster alone, the first major route is a downward spiral, when it comes to rapidly going upwards, suddenly David Schwartz is beside me, he stuffed a piece of small paper into my pocket, and ride all the upward movements with me. Then the roller went into a well-lit dark cave, suddenly the David beside me is gone, replaced by Jed, he handed me a Taco, before i could react, he then forcefully stuffed another Taco into my mouth, when the roller is out of the cave, no one is beside me. When the ride is over, I spit out the
    10 points
  11. Just another Fahim after he got banned anyway, i kindly advise you to not feed the trolls, in fact i want everyone to do the same, just ignore when you see trolls spewing negative price related FUD without any prospect for meaningful discussion they'll be happy if you reply to them, because they wasted your time, they already expect you to retaliate, so dont do so, the troll will die of hunger if you dont feed it the attention simple concept, but people just find it hard to follow and still reply to the troll, trying to fight FUD, become the FUD Fighter or what not you'll j
    10 points
  12. Your missing a key point that has been stated on here over and over and other sources also. CDBC's still need a digital bridge as no bank will want to hold another countries digital or non digital asset. That puts us back in the same conundrum were already in. This actually is great for XRP. The big hurdle for XRP retail investors is being deemed a security or not and what that means
    9 points
  13. Daily dose of hopium Below is XRPBTC chart, it cant get any lower than this, sooner or later this thing will burst
    9 points
  14. Daily dose of Bronze Hopium: Believe it or not, the "rotating profits" methodology is real, as we're all aware Cardano has pumped very hard recently, and now look at the 7-day return of Cardano, it is minus 22%, it is very clear profits are taken, and it will rotate into any un-pumped coins. Each coin will have their turn of hard pump then crash to take profits, just a matter of time before it is XRP's turn, the market is still in speculative mode, if you think XRP will just stay here, you're right, until you're not. Remember, the run has only just started, take a closer look at
    8 points
  15. I think a forum board that is about investment in XRP will have advocates who are enthusiastic, that does not make it into a religion. Furthermore the manner in which this SEC case was sprung on XRP holders 3 days before Christmas just as the three year Alt cycle was about to get started is a more likely cause of investors committing suicide than anything that has written here about the benefits (and there have been plenty of people writing of the alternative view) of investing in XRP.
    8 points
  16. https://ripple.com/wp-content/uploads/2021/03/bgarlinghouse_motion_to_dismiss.pdf
    8 points
  17. I don't know where you get that from, but whatever.
    8 points
  18. For alts yes, for BTC no. Since BTC leads the market, if it runs and then tanks anything else will be irrelevant. Every good P&D requires a horde of retail investors who are 1) late to the game and 2) believe that the price of whatever will keep going up. I get a sense that there is a good chance that this year that horde will include everyone who thinks that this will play out like 2017 and will in turn be caught off guard when the party wraps early. Of course, I'm only speculating here. My crystal ball is no better than anyone else's.
    8 points
  19. A confirmation hearing is like a job interview. I expected nothing other than vague politically correct answers. Fact is that Gensler is friendly with Peirce & Roisman, and has a deep knowledge regarding digital assets. This man at the helm of the SEC is definitely **not** the worst outcome for XRP holders.
    8 points
  20. My idea lies within my respiratory mask, when you breath in, you see things. Look at my previous day post, i mentioned why BTC is going up, and also mentioned where this is leading to. I am hopium, the embodiment of hope itself, give me a respiratory mask, and i will tell you the future.
    8 points
  21. this lawyer guy is the new breed of hopium supplies, every time i see his video, my hopium gas changed color, the room is filled with green neon, his beard grown more to resemble Jesus's beard, and there's a halo on his head, if you look closer at the halo, the halo is formed with letters: xrpto$10 xrpto$10 xrpto$10 xrpto$10 xrpto$10 xrpto$10 xrpto$10 xrpto$10 xrpto$10 xrpto$10 xrpto$10 xrpto$10
    7 points
  22. Launch of our new RippleX Developer Twitch channel! Next week, March 9 11am PST / 2pm EST / 7pm GMT / 8pm CET We have some fantastic guests: Wietse Wind, Shae Wang, Adam Waring, and David Schwartz Follow today and see you Tuesday! https://twitch.tv/ripplexdev This is the start of a weekly series of shows that will dive into the technical aspects of the XRP Ledger and the surrounding ecosystem. Want to learn how to develop with the XRPL? Join live-coding sessions with developers from RippleX and the wider XRPL community. We have a fantastic series of guest speakers for
    7 points
  23. Come on guys, push it past 1000 and see what happens! Will my status become Bronze?
    7 points
  24. I don't believe in Chervinsky's alleged impartiality, but he's not per definition wrong. Here's a good thread from 2018 : Its become clear that Ripple has sold XRP as a security, but XRP itself is not. All arguments considered: Settlement with waiver granted. Small fine. Ripple sells XRP to accr investors only. Future investors protected, Current digital asset holders protected. the end (or beginning ).
    7 points
  25. I hear you like to smoke that kind stuff. Here, have a puff of this:
    7 points
  26. The killer features of XRP: decentralized digital asset with capped supply with 8 years uptime no rollbacks, no forks, no wars between devs with minimal cost to operate with minimal cost to use are equally valuable in the private ledger space, and perhaps even more.
    7 points
  27. Finally some green on the screen. The recent down turn seems to have caused a lot of concern, don't worry it's normal for Bitcoin. Big moves up (more than expected) Big moves down (more than expected) But it looks like the price might level out here for a day or so. New Support levels have been established and the Bollinger Bands should Flatten/Tighten until the next run.
    7 points
  28. https://cyberguerre.numerama.com/10865-comment-les-bitcoins-du-casse-de-gatehub-pourraient-enrichir-letat-francais.html French justice.... slow but still moving forward so it seems.
    6 points
  29. There is definitely something much bigger going on than just the SEC doing this off their own backs, the motivation to go after Ripple at this time and not ETH or some other much more questionable cryptos is extremely telling... just as Ripple and partners were heading for switch on so to speak, a spanner gets thrown into their plans, maybe somebody, group etc, said to themselves, "well we let them go this far along, and they haven't failed yet, time to put the boot in so to speak". Clayton's resignation the next day was no accident or coincidence, maybe he is the hero, and he did this to
    6 points
  30. All of that sounds perfectly reasonable, but unfortunately the chart suggests something else. As compared to 2017, things are moving much more quickly this time around. It could be that investors came prepared for the bull run, or that BTC has become much more of a household name and is drawing increased retail participation, or that speculators are flush with cash from the stock market recovery and are pouring gains into crypto. Whatever the reason, recent BTC price action has been much frothier than in 2017 and cycle times much shorter. At this pace we are looking at a parabolic BTC
    6 points
  31. The confirmation went well. He's not going to kill the space; indeed, he loves technology and wants to see it out for the good of the unbanked and efficiencies it brings to the markets of the world. It's positive also that the fate of Ripple in the U.S. is the fate of nearly every other crypto. XRP may be deemed a security but it will still trade on the open market and work as intended. This will not kill it. It would be silly to have thought that the regulators were not going to regulate. A primary reason I invested in XRP is because they intended to be regulated from the beginning. Otherwise
    6 points
  32. Looks like Bitcoin is again leveling out around the $49-50k level. Bollinger Bands are Tightening. Litecoin is catching up a little.
    6 points
  33. I wonder when i will get my Bronze status? At 1000 points? (currently 907 points) Does my existing 10 warning points prevent me from getting the Bronze? Guys with Bronze/Siler/Gold, please educate me lol, i've been wondering how the ranking system works.
    6 points
  34. Daily dose of hopium Look at dat payment volume
    6 points
  35. Dear friends, I have the feeling you all need a little Hopium again! What if history repeats itself? According to my calculations, XRP could reach a very high value. We rewind to 2018, XRP reaches its ATH at $3.93 on 04/01/2018. But the dollar value is not interesting for now. What is interesting is the value in Bitcoin. On 04.01.2018, XRP also reached its highest value in BTC at around 27,000 Satoshis. Currently, the value stands at pretty much exactly 900 Satoshis. Say, to reach its ATH in BTC XRP would have to rise by 30 times, which would currently mean a value of
    6 points
  36. These pullbacks are always painful, Bull runs are a lot more stressful than bear markets. But it's not over, be prepared to go through this a few more times, each more absurd than the last.
    6 points
  37. 5 points
  38. Ok, that was the question If everyone gets their own ledgers this is a gamechanger for XRP.
    5 points
  39. Dot connectors were correct! Tremendously good news for XRP. XRP is the native asset for the XRP ledger, and it is the only neutral asset; it will be used.
    5 points
  40. how did you get gold member?
    5 points
  41. thanks for the honorable mention
    5 points
  42. This implies that BTC has had 'real world success' which I think is debatable. It has seen price appreciation, sure. But so have many other cryptos. Is BTC actually solving any real world problems? It did in the early days, because it allowed people to send money anonymously (Silk Road) but now that function has been taken over by better privacy coins. 'Store of Value' and 'Digital Gold' are just slogans. Re: XRP, we could argue that every time ODL allowed someone to send a remittance more cheaply it was seeing 'real world success'. Again, as I've pointed out elsewhere, the fact that Gala
    5 points
  43. Back in my 2017 era, there's this coin called EOS, i bought it because it seems convincing and the website looks really cool, i got in real early at 50c with a little spare cash, still holding it now. As time progressed, EOS was dubbed the ETH killer, the ecosystem is kinda governed by around 20+ separate Teams (the Achilles heel of blockchain, you cant be fast and also completely decentralized at the same time, so the idea was to only choose 20+ masters, you can equate it to "Miners" from BTC, but at a much much smaller scale for the purpose of being fast and low cost. The masters are su
    5 points
  44. I just made a quick check of his warning, and it appears I'm miss-remembering. His full focus was on the extreme risk he was warning us about. I think what I mixed up was an older piece where he discussed the following action after the inevitable "pull-back." Which is what we have now. IIRC he was generally bullish on the following time to resume its upward momentum. Given on how well he nailed this current event, I'd not be surprised if he posts a followup video soon, on what to watch for in the near and mid-term.
    5 points
  45. Monthly overdue dose of hopium (due to 1 month ban since early Feb) Feb is another month passed in the 2021 Great Bullrun, BTC hit another ATH of 58k, i sold 80% of my BTC stack at 51k and rotated all of the gains into XRP, letting the 20% BTC stack to ride to whatever the price gives me. This BTC new ATH actually prompted me to re-do a basic analysis on the coins i hold, since 90% of my holdings is in XRP, and this is XRP forum, i will not talk about my other coins to not risk a possible "off topic ban". But i'm delighted to tell you that, all of my S.coins became positive now after
    5 points
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