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About mistatee2000

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  1. As of this morning no more GBP deposits or withdrawals with Binance. The governments around the world are really looking to tighten regs on exchanges with the biggest impact falling on retail investors.
  2. They might have done if Ripple had contributed to their pension funds!!!!!! This in the light of the latest revelations regarding Etherium being declared not a security by Hinman who was getting a huge pension from Simpson Thatcher, a member of the Etherium Alliance.
  3. This just re-inforces what the SEC are saying, though I don't like it ie that they are not claiming that XRP is a security, they are stating that Ripple at certain times sold XRP as if they were unregistered securities. Joe Public have been buying digital assets ie cryptocurrency from exchanges and these are not classified as securities - yet. The SEC are after Ripple, Larsen and Garlinghouse, but the complexity of all this has caught many in the cross fire and scared off the US based exchanges, with the odd exception.
  4. One thing that came through loud and clear, is that she is only one vote out of 5. It will be interesting to see what external pressures (ie the existing system and power brokers) are going to be put on Gensler even though he understands the benefits of cryptocurrencies and blockchain.
  5. This is another view available on Coil regarding this discussion and Jesse Hynes gives a good legal background to the long XRP response. As I have no legal background I appreciate looking at a number of these responses to get a balanced view
  6. I agree. Jed now has no interest in XRP other than as a competitor and as a cash cow. He would have liquidated everything at less than a cent if he could have done so several years ago, whether maliciously or not.
  7. I've been trawling through alternative views to get a balance. The one thing that I am sure of is that the outcome is not certain, hence I am not investing any further in to XRP for now and have diluted my holdings. The one thing that will come out of this, rightly or wrongly, is that both Larsen and Garlinghouse will come out of this tarnished and I'm not sure that they will be able to hang on to their positions. My personal bet is that either by settlement (preferably because less time lost) or by trial, the XRP currently in circulation will be deemed currency, the escrow will be burned/locked or only made available to institutions and not for retail sale, and Ripple, plus the 2 defendants will be heavily fined.
  8. Firstly, good to have you back commenting. I agree with your thoughts that the escrowed XRP will have to be better controlled and that XRP is not for retail and never has been. I like the theory that Hogan has more recently come up with that the escrow could well be only sold by Ripple to the institutions as per the Kit Interactive finding - his comments start at the 7min14sec mark
  9. A balanced and well judged approach is what's needed. This is a twitter repost to the article posted. Again it is well reasoned but does acknowledge that the lack of an audit on Tether is of great concern https://twitter.com/dfauchier/status/1350741875293040640
  10. I agree, the potential looks huge. I'm looking forward to seeing what the initial market price is once the initial 15% is distributed - I don't think it is reflected in the current IOU's on Bitrue, but hope to be proved wrong.
  11. I'm not a Maximalist of any sort. I just believe in fundamentals and constant researching. I came across this recent article regarding Bitcoin, all of the crypto market and in particular the ramifications of Tether, considering that they are under the spotlight. I just wanted to share it here. I have no agenda though I always question the motives behind these articles - that said, once you have read this seemingly well researched and lengthy article, you can then make your own minds up. By the way it's not my article, I aint smart enough to write something like this https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
  12. And here it is officially from the SEC https://www.sec.gov/news/press-release/2020-338 In conclusion
  13. I'm not so sure that the price for XRP has much to do with Spark at the moment. It just seems to be following the whole market, albeit alot more slowly, although a 50% increase in 4 months months isn't too sad.
  14. I do accept what you say to a certain point, however, if every driver needed to know how the internal combustion engine works on a car, then there wouldn't be many cars on the road. Most people have to make do with concepts, especially when investing in something like Tesla for example (I know, electric vehicles), or more relevant, cryptocurrency assets.
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