Jump to content


  • Content Count

  • Joined

  • Last visited

About ed1

  • Rank

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. If SEC thought XRP was used as part of unregulated securities offering, they would have already acted on it. They have the power and as we can see from this example, intent to do so on digital assets.
  2. I believe first 17 and 19 have to be merged. 17 is a class action lawsuit on the same subject matter. As to the actual trial, it may take a very long time to finish and I don't think Ripple has any hurry either. Keep in mind what the judge has suggested for case #17, that even if it turned out to be that Ripple's sales of xrp at the time were deemed securities, the actual claim for losses should be proportional to Ripple sales in the market/total market sales volume which ends up being a fraction of the amount asked. This by itself suggests that legal fees on this won't make any sense for
  3. Yes of course it can be set. You need to have an entity that has deep enough pockets and that is willing to act a moderator of value in open market. So if you are fantasizing about say 100$ per xrp, US government could do that hypothetically. It would be senseless from a speculators point of view to try and speculate against XRP in a scenario like this. However Ripple or BoA etc wouldn't have the money to back it up at these extreme levels.
  4. it dampens both sides because it creates a deeper market..but since there is no net buy pressure right now, i mentioned the sell pressure part.
  5. I believe ODL actually stabilizes the XRP price to a greater extent. Because order books are operating on both sides, it dampens the sell pressure, maybe not too much but so much so that among the top 5 cryptos XRP is the one with the least amount of losses in percentage terms today.
  6. sure glad, mr. tacostand gets to sell his fair share of the scam he helped create https://bithomp.com/explorer/rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv
  7. Miners will manipulate.. Well not so much manipulate per se but reduce supply to push price up. Current hash battle makes sense because if you increase the hash rate now, you can get more for your "work" (2x more) as opposed increasing after 69 days. To a great extent miners set the price by controlling supply. hashrate increased by 2.5x since June 2019, the supply will be cut by half in 69 days. We can look at an adjusted model for 5x the price we have seen in June 2019 for BTC after the halving..of course more would be needed if hashrate keeps growing. I am assuming 50K ish price for BT
  8. I think the result is not too bad for Ripple. The securities case is not dismissed but even in case the plaintiff can eventually win the case and claim a liability, the amount that the plaintiff can claim is severely restricted which would suggest a strong incentive to settle as far as the plaintiff is concerned. From the document: "Significantly, as plaintiff pointed out at oral arguments its 129,000 XRP unit purchase during 2018 Q1, when compared to defendants sale of 0.095 percent of the XRP traded on the market that quarter, supports the inference that plaintiff purchased approxi
  9. Doesn't Ripple simply manage Jed's sales?
  10. Ripple IPO will have to wait until there's clarification on the securities case. I assume we can get a dismissal ruling in the next few weeks, CA has a 90 day limit if I am not mistaken, so a decision can possibly come before April. In any case, if the case is not dismissed I suppose Ripple will probably settle and get this liability out of the way. Once the settlement is done, SEC can make a statement about the current situation of XRP and highlight that it is not a security. Ripple has already stopped XRP sales since September 2019 (only OTC deals to partners in developing markets, no market
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.