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LilBender last won the day on August 6 2020

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  1. Unqualified, non legal opinion: Ripple is making the same argument it has made many times before that XRP is not a security. Problem is, the SEC (as far as I can see) is not arguing it is one, rather, the manner in which Ripple has been selling it breaks security laws. The two are not the same thing as far as I understand Furthermore, the Ripple defense has no mention of the information asymmetry and personal sales Chris Larsen and Brad Garlinghouse profited from, which gives me (the again, unqualified) impression that the company is prepared to throw them under the bus if it comes
  2. Jeff Bezos built a website where he got online orders, then packaged everything the customers ordered into individual envelopes, then mailed them himself at the post office, every single day. He built a trillion dollar empire from that chris Larsen built a digital asset out of thin air with the help of smart people. Brad Garlinghouse sold that idea The two stories not even on the same planet EDIT: there’s a famous speech Jeff Bezos gave to his shareholders a few years after the dot com crash where everything about Amazon was up except for the share price. Google it. That was a
  3. Depends Did they sell oil for you to just hold and wait for it’s price to appreciate based on their work? Or did you use the oil for something? Did they create the oil out of thin air? Or did they spend time, effort and money to dig up and refine the oil?
  4. Thanks for the mention, Julian. The only thing I wanted to add was that the original consensus model for the XRPL was developed by Jed McCaleb. He brought in Arthur Britto and David Schwartz to complete the ledger As I said before, Jed is no saint, but without him, there would probably have been no XRP Ledger
  5. Ripple Protocol The X stands for an asset that is not tied to a single country
  6. To be honest, I don’t know what SBI is doing. So far, we have only heard talk from them, no action. If they do build liquidity in the far eastern corridors, it will definitely help with ODL adoption for sure. But keep in mind, Ripple claimed new corridors will be open in Asia at SWELL 2019 and we still haven’t seen much on that front as for the second question, a higher price is indeed one component that can make an asset more liquid, but the ground reality is, there is nothing fundamentally happening right now that can make a 30c asset go to 10$ AND stay there, without blatant market man
  7. There is a fundamental difference between how XRP was designed to handle cross border transactions originally and how it was repurposed to do it with xRapid/ ODL In the original model, financial institutions were to operate their own gateways (Think of these as digital central banks), and issue IOUs for currencies using those gateways. An IOU can only be redeemed against the gateway that issued it, but they can be traded against any other IOU issued on the XRP ledger using the decentralized exchange (DEX), with XRP always bridging the trade So for example, if bank A in the US issues
  8. I am sorry that it has come to this, knowing your personal challenges. I hope you will find another investment that will help you achieve your goals
  9. Currencies, commodities and securities all have speculative components to the future appreciation in value The difference as I understand (And I am neither American nor a qualified investment advisor), is that commodity speculation centers around supply and demand based on utility, currency speculation centers around geopolitical economic climate as well as monetary policies and security speculation, around the work of others, as you have said The task for the SEC, in my opinion would be to demonstrate that geopolitical economic climate/ monetary policy had no effect on the value of
  10. I think one of the veils of illusion that was destroyed by the SEC lawsuit was the one of “Institutional demand”. Brad Garlinghouse, in several interviews gave ordinary XRP holders the impression that “Institutional demand” for XRP was at an all time high and this demand was related to impending utility. However, the evidence now piles up that this demand was nothing more than a chance for hedge funds and the likes to get in at a massive discount, wait through a brief lock up period (or none at all), and then sell at a guaranteed profit This was one of the most disappointing revelations f
  11. One thing that works in Stellar’s favor is that the on chain governance is done by the Stellar foundation while business development is done by a separate entity (Interstellar). They also burned half their coins, which leaves the foundation with a much smaller pie than they did previously
  12. This is what Arthur Britto promised in a written letter (A founder lockup plan), but it never happened
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