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Duke67

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  1. Haha
    Duke67 reacted to Seoulite in Time to delist BTC and ETH?   
    Since the SEC has now confirmed in court that it has never issued an official statement that BTC and ETH are not securities, wouldn't it be prudent for US exchanges to delist those cryptocurrencies, as they did with XRP? I mean, they might be involved in selling unregistered securities, right? The SEC just said so in a court of law. 
    It seems like the careful and cautious thing to do would be to immediately halt all trading of Bitcoin and Ethereum in the US. Luckily, the SEC has also said in court that they are not going to prosecute individuals trading XRP, that they are only interested in the sales of Ripple and the executives, so it shouldn't affect XRP. But no such pronouncement has been made in a court of law about the individual trading of BTC and ETH, so it seems wise to just put a stop to all trading until there is clarity given in a court of law. 
     
  2. Like
    Duke67 reacted to VanHasen in Forbes - In the Ripple case the SEC is now on trial and knows it   
    https://www.forbes.com/sites/roslynlayton/2021/04/08/in-the-ripple-case-the-sec-is-now-on-trial--and-knows-it/amp/?__twitter_impression=true
    "..... Netburn ordered the SEC to produce all communications related to XRP, bitcoin, and ether where a third party was involved, and any formal internal documents “expressing the agency’s interpretation or views” on cryptocurrency, and to deliver them to Ripple. She granted most of Ripple’s motion, which means that the discovery could be a treasure trove of embarrassing information for the SEC. This could mean game over for the SEC’s case against Ripple and more largely, a serious blow to the agency’s credibility. Other defendants will cite the SEC’s arbitrary and capricious nature.  
    These disclosures could bring new headaches to scandal-plagued Apollo Capital Management which Clayton joined upon leaving the SEC, ostensibly to clean up the mess left by founder Leon Black and his links to Jeffrey Epstein. The timing of the lawsuit on Clayton’s last day and his subsequent hiring by a crypto-focused hedge fund are very curious coincidences.  Conflict of interest concerns could also intensify for Hinman, now back at his old firm Simpson Thacher, which paid him a $1.6 million annual pension while he worked at the SEC. Hinman’s influence to the determination that ether is not a security keeps the SEC’s regulatory paws off Ethereum, the blockchain platform which Simpson Thacher supports as a member of the Ethereum Enterprise Alliance. Simpson Thatcher also handled the $100 million IPO of Canaan, the Chinese maker of machines used to mine cryptocurrency. Netburn’s order should bring much-needed transparency to the case.
    Gary Gensler, slated to be confirmed as the next SEC chairman, will take the helm when China is racing ahead with a closed-ledger digital currency threatening to unseat the dollar a leading medium of global exchange. It was extremely shortsighted of the SEC to handicap Ripple at a time when the US needs every American crypto leader on board to compete with China. Moreover, the case seems to reveal that former SEC leaders put their personal gain above the well-being of the nation. When the agency repeatedly claims in filings and hearings that “the SEC is not on trial here”, it is almost certain that the opposite is true."
  3. Like
    Duke67 reacted to RikkiTikki_is_Back in XRP a Security?? Well just recent as 2019 the SEC directly agreed that it was not!!   
    Please examine "Item 8.01 Other Events."  In the SEC filing between MG & Ripple.  The SEC approved this!!!  Actually the use of XRapid as it was called then is mentioned 5 times in this document.
    SEC Filing | MoneyGram International, Inc.https://ir.moneygram.com/node/20381/html
     
  4. Like
    Duke67 reacted to RobertHarpool in XRP a Security?? Well just recent as 2019 the SEC directly agreed that it was not!!   
    "This agreement will enable MoneyGram to utilize Ripple’s xRapid product (XRP) in foreign exchange settlement as part of the MoneyGram’s cross-border payment process."
    Clearly the SEC implicitly recognizes XRP as a currency necessary to settle cross border payments within xRapid. 
    One more sliver of info that makes me wanna say: 
    Bye bye SEC ... or ... buy buy XRP. 
    Both work equally well. 
     
  5. Like
    Duke67 reacted to thinlyspread in ODL patent   
    "Network computing system implementing on-demand liquidity for cross-medium transaction services"
    https://uspto.report/patent/grant/10,902,416
     
  6. Like
    Duke67 reacted to yugioh in Brian Brooks on XRP   
    What are your thoughts guys ?
  7. Like
    Duke67 reacted to RobertHarpool in Uphold is a Scam!!   
    To me, the number 1 misused word in the last decade is 'scam' ... followed closely by 'hoax' (which will hopefully now be in decline.) 
    Uphold is not a 'scam.' I don't like them. I don't intend to do business with them. I can list all kinds of reasons why. But they're not a 'scam'
    (Perhaps I taught English too long ... but words have meanings. If u just start changing the meaning of words to whatever you want then bacon umbrella! Snorkel spam jelly dinosaur dinosaur dinosaur dinosaur)
  8. Like
    Duke67 got a reaction from retryW in Two leading lawyers discuss SEC case and rip Ripples's arguments to shreds   
    This is who represent Ripple against the SEC:
     
  9. Thanks
    Duke67 got a reaction from DannyRipple in Raoul Pal of Global Macro Investor discusses BTC, ETH and XRP   
    Maybe off topic, but not that much:
    WSB followers are mostly crypto gamblers and most of them are maxis and banker’s coin haters.
    If the victims on the Walls Street have at least 10 brain cells functioning properly, they would buy all XRP from all crypto exchanges and then also call Montgomery St. to purchase all the remaining escrows.
    They would single handedly provide a major multi-generation innovation to the financial system, make themselves a leader and a center of a positive change, make most of the remaining crypto (BTC incl.) obsolete or unimportant and also effectively kill the alternative independent markets, so no new GameStop event would happen in the foreseeable future.
  10. Like
    Duke67 got a reaction from aavkk in Raoul Pal of Global Macro Investor discusses BTC, ETH and XRP   
    Maybe off topic, but not that much:
    WSB followers are mostly crypto gamblers and most of them are maxis and banker’s coin haters.
    If the victims on the Walls Street have at least 10 brain cells functioning properly, they would buy all XRP from all crypto exchanges and then also call Montgomery St. to purchase all the remaining escrows.
    They would single handedly provide a major multi-generation innovation to the financial system, make themselves a leader and a center of a positive change, make most of the remaining crypto (BTC incl.) obsolete or unimportant and also effectively kill the alternative independent markets, so no new GameStop event would happen in the foreseeable future.
  11. Like
    Duke67 reacted to PunishmentOfLuxury in Raoul Pal of Global Macro Investor discusses BTC, ETH and XRP   
    THE INCONVENIENT TRUTH ABOUT CRYPTO CURRENCIES
    A long but very interesting article. See p31 for Raoul's background. You can also see many videos by him at the Real Vision channel on YouTube. A clever and very experienced guy.
    Crypto valuation is all about Metcalfe's Law, according to him.
    On XRP specifically:
    And on crypto investing in general:
     
  12. Haha
    Duke67 got a reaction from deBereboot in Who is buying Jed's XRP on XRPL?   
    2015 was rough. Wendy went from luck to f**k within 3 weeks...
  13. Haha
    Duke67 got a reaction from pucksterpete in Who is buying Jed's XRP on XRPL?   
    2015 was rough. Wendy went from luck to f**k within 3 weeks...
  14. Haha
    Duke67 got a reaction from lucky in Who is buying Jed's XRP on XRPL?   
    2015 was rough. Wendy went from luck to f**k within 3 weeks...
  15. Haha
    Duke67 reacted to pucksterpete in Who is buying Jed's XRP on XRPL?   
    oooo forgot about that one, so, then for USA customers they are NOT allowed to even trade in their USD IOU's on Bitstamp?
    Maybe the account for Wendluck has a different country of residence......Also did you note the name of one of the activated accounts created from Wendluck?   Typo....

  16. Like
    Duke67 reacted to tulo in Who is buying Jed's XRP on XRPL?   
    Isn't strange that every day Jed bot can sell 25M XRP on XRPL and they are gone in 30 minutes? In the market which barely have 1M XRP of volume in 1 week for other normal transactions. The same market in which selling 1M XRP would insta cause a slippage of 30%.
    In fact it seems there are always a group of accounts buying Jed's offers and sending the XRP to bitstamp and selling the XRP there. I suspect it's Jed's figurehead that move the volume to bitstamp to avoid any slippage and avoid having XRP not sold or sold at lower price, and I think this goes around the agreement with Ripple.
    Ideas?
  17. Like
    Duke67 reacted to RobertHarpool in Money Service Business or Not MSB? That is the Question   
    And another from JDSupra....
    https://www.jdsupra.com/legalnews/sec-complaint-against-ripple-xrp-and-1188426/
    SEC Complaint Against Ripple (XRP) And Possible Regulatory Signals Ahead For 2021
    "If the SEC’s argument is true, speculation was both the means and the ends. If the goals, strategy, and the driving force of XRP distributions are found to be solely speculation, that may prove to be problematic in the eyes of the court, but where speculation accompanies something that has a use or utility, the independent development of a speculative market does not transform that thing into a security. This is obvious as we look to designer purses, baseball cards, coveted sneakers or even non-fungible tokens, which all have a speculative secondary market and each of which are often purchased for investment rather than to wear or use, but the SEC has not yet deemed them to be securities."
    ...
    "In paragraph 64 of the complaint that Ripple believed that the value and liquidity of XRP “will happen if the Ripple network is widely adopted as a payment system ... One would expect increased demand to increase price.”..... With a limited supply asset, Economics 101 (not even Cryptoeconomics 101) taught us all the increased demand of a limited supply asset will cause the price to increase. Characterizing statements to this effect as promises of profits — rather than statements of basic economic principles — seems to indicate the SEC’s preference for fixed price, unlimited supply token networks ... The SEC’s reliance on such statements reflecting the market realities of supply and demand is at odds with these underlying principles."
    ...
    "Equally important, if approved to lead the SEC, Gensler will need to immediately fill director roles in both the Division of Enforcement and the Division of Corporation Finance (among other high level staff positions), both of which have been active in shaping the policies that have influenced the industry. The new directors, and the new Chair, will be important in determining whether the Division of Enforcement will have both appetite within the agency and support among the commissioners to continue to bring actions such as that brought against Ripple and its executives."
  18. Like
    Duke67 got a reaction from ChuckN in Two leading lawyers discuss SEC case and rip Ripples's arguments to shreds   
    @xerxesramesepolybius you call this jerk a leading lawyer ???
    Steven Palley is deep balls in Bitcoin because his brain can't understand anything beyond that.
  19. Like
    Duke67 got a reaction from xrp_is_love_xrp_is_life in Two leading lawyers discuss SEC case and rip Ripples's arguments to shreds   
    This is who represent Ripple against the SEC:
     
  20. Like
    Duke67 got a reaction from solid102 in Two leading lawyers discuss SEC case and rip Ripples's arguments to shreds   
    This is who represent Ripple against the SEC:
     
  21. Like
    Duke67 got a reaction from solid102 in Two leading lawyers discuss SEC case and rip Ripples's arguments to shreds   
    @xerxesramesepolybius you call this jerk a leading lawyer ???
    Steven Palley is deep balls in Bitcoin because his brain can't understand anything beyond that.
  22. Like
    Duke67 got a reaction from pucksterpete in Which cold wallet is the best after Toast?   
    If you can handle anything that works with node.js in an offline regime, this is all you need: https://github.com/Duke67/xrptoolkit-nodejs
  23. Like
    Duke67 reacted to kenrino in Ripple Is Orders Of Magnitude Better Than SWIFT GPI and Correspondent Banking Protocols   
    https://hackernoon.com/ripple-is-orders-of-magnitude-better-than-swift-gpi-and-correspondent-banking-protocols-1s8k34sk
  24. Haha
    Duke67 got a reaction from JustKevStockholm in Ripple’s Series C lead investor Tetragon sues company in wake of SEC charges   
    This case actually confirms that Ripple investors are in the game for XRP, not because of "the software".
  25. Haha
    Duke67 got a reaction from Erik156 in Ripple’s Series C lead investor Tetragon sues company in wake of SEC charges   
    This case actually confirms that Ripple investors are in the game for XRP, not because of "the software".
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