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LilBender

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Everything posted by LilBender

  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
  13. These are of course, options that could have been implemented at the start of the project, not to be implemented now
  14. There are answers to that, but not always one that current xrp holders might like Option 1 is to do a fair distribution to public before the token is traded in secondary markets and has a value. I.e all those who signup get worthless tokens, whose value is eventually decided by the free market Option 2 is not to offer the token to the public at all, instead keep it within a closed network accessible only to their customers, and the token value is pegged to a basket of currencies, similar the the Universal Settlement Token I am sure qualified economists could come up with other
  15. I cannot byepass their paywall and post screenshots, because it’s unethical Basically says it was a conscious decision to appear at Davos and other major financial meetings to present Ripple as a grown up company that does crypto, in contrast to the Wild West world of Bitcoin etc. The banks initially showed interest, but the trials went nowhere, and future steps from Ripple got very little traction as well, but they kept selling the promise, how competitor R3 gained more traction with banks etc Not the most flattering picture of Ripple
  16. I have touched upon this elsewhere before, many of the core features of the XRPL are under/ unused for ages because they were not a priority for Ripple’s vision of XRP. Which is a shame. Stellar for example, has a perfectly usable GUI for their DEX, which the XRPL still doesn’t have The XRPL deserves better, and is capable of much more than what it currently does, and my belief is that an independent foundation could help it achieve that potential, at least technically
  17. Indeed, the two names you mentioned, plus the other people who work with Wietse at XRPL labs, Silkjär, etc. There’s enough talent out there to sustain development of the XRP Ledger, IMO
  18. I think we are thinking in a similar direction Now that I think about it, I would also move all future development of the XRP ledger to a foundation not affiliated with Ripple, staffed with hard working community contributors
  19. A year and a half ago, I asked many of the questions that are currently being asked of Ripple: This thread resulted in David Schwartz personally messaging me to let me know that he read this thread out to Brad Garlinghouse and that the questions were valid. Unfortunately, none of those questions were answered, until the details surfaced as part of this lawsuit
  20. FT had an article about CL’s appearances at Davos (in light of recent events) https://www.google.de/amp/s/amp.ft.com/content/524e82f6-3e7f-4de4-847f-4a748fae2653
  21. That’s a fair point and it’s possible that it would have happened, but IMO, a more desirable one if someone else other than Ripple was to be sued for monopolizing XRP
  22. In my opinion, if they cannot win, leaving the USA will not be enough they will also need to, - Change leadership, because the current one would at that point, be guilty of wrongdoing - Downsize massively, because their current OpEx cannot be sustained without selling XRP -Shut down xPring/ RippleWorks etc. which have also been targeted by the SEC - Re engineer ODL to be asset neutral so that RippleNet customers can choose to settle with any DA if their choice (and despite all this, I still think XRP is one of the best settlement tokens out there), so that there is no quest
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