Jump to content


Bronze Member
  • Posts

  • Joined

  • Last visited

1 Follower

About Danny

Recent Profile Visitors

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

Danny's Achievements

  1. From what I understand, there are 2 scenarios: 1) XRP was marketed as a security; 2) XRP is inherently a security. The 1st scenario isn't the worst case scenario because according to attorney Jeremy Hogan the marketing path does not focus on anything inherent to XRP itself, just how it was sold by Ripple. He says a similar scenario would be Kin Interactive, which was sued by the SEC for the sale of unregistered securities. The court ordered a fine but didn’t contain a finding that the Kin token was a security. "But the bigger concern", Hogan says, "is based on the decentralization, or lack thereof, of the XRP ledger. The SEC hasn’t really focused on this argument, probably because it is a losing argument and it doesn’t really mesh with its theory of the case." Judge Netburn made a remark to the SEC’s attorney that, based upon his theory, everyone who sold XRP has consequently sold illegal securities by extension. The attorney pointed out that this is not the case and said only Ripple and affiliates of Ripple can have sold XRP illegally. I'm thinking out loud here, but unless the 2nd scenario is proven to be true, I'm expecting exchanges will continue to be allowed to sell XRP. https://financefeeds.com/sec-v-ripple-jeremy-hogan-shows-how-bad-it-can-get-for-xrp/
  2. In 2019 the SEC ordered Block.one to pay $24 million for not registering its ICO as a securities offering. The fine was paid and EOS is being traded 24x7x365. Isn't the same going to happen to XRP if Ripple decided to pay the fine (in a worst case scenario)?
  3. Yeah, and then Gratz will say the Fed announced sweeping new rules which ban him from owning any 'individual' Ether.
  4. Great video. And it's always nice to see someone's face I love this community.
  5. Have you tried https://www.xrptoolkit.com/?
  6. True, plus CGI: https://www.alphavoice.io/video/ripple/cgis-ripple-enabled-intelligent-gateway
  7. Though the Ethereum network is one of the blockchains currently used for CBDC testing, I wouldn't draw conclusions from a small piece of stock footage https://stock.adobe.com/search?filters[content_type%3Aphoto]=1&filters[content_type%3Aillustration]=1&filters[content_type%3Azip_vector]=1&filters[content_type%3Avideo]=1&filters[content_type%3Atemplate]=1&filters[content_type%3A3d]=1&filters[content_type%3Aaudio]=0&filters[include_stock_enterprise]=0&filters[is_editorial]=0&filters[free_collection]=0&order=relevance&serie_id=436924281&asset_id=436904822 EDIT: Ethereum is mentioned here, but to me it sounds like they're still in an exploring and testing phase:
  8. You're absolutely right, I'm not from the US but I can see inflation and loss of purchasing power are very much on the increase, I just think it will ultimately result in deflation. People's desire and ability to lend and borrow will decline and production will decrease. When the economy is in a very bad shape, banks won't be willing to lend out credit and new investment in economic activity will be reduced. You bring up a good point with regards to Russia and China no longer wanting to use the dollar. What if countries start to refuse to use the dollar to buy and sell oil? I completely understand why countries would want to trade oil using their own currency.
  9. I'm not an expert and he may be right, but having the world reserve currency is good in the short, bad in the long term. He who has the world reserve currency has to deal with an artificially high exchange rate because there's much more demand for his currency worldwide than there otherwise would have been (known as the Triffin dilemma: https://en.wikipedia.org/wiki/Triffin_dilemma). Recessions and depressions are generally deflationary. During a recession banks usually cut and reduce the supply of credit, despite QEs and money printing. In 2009 the US had deflation. https://www.statista.com/statistics/191077/inflation-rate-in-the-usa-since-1990/
  10. One could argue that BTC has had more influence over XRP's price than Ripple has.
  11. Let's not forget London still is the 2nd financial center of the world.
  • 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.