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quan's Achievements

  1. Too many new investors over bought at fomo. Now they are selling at fud. Nothing new.
  2. I will not use CMC again since it lost its credibility by manipulating the circulating supply with their own ruling. it just lost its function as the metric of the market. NO TO CMC YES TO COINGECKO (Coingecko has better functions anyways)
  3. Try unchecking "hide small balance" box and search again.
  4. In the initial defense statement by ripple, It said, "Trump administration tried to undo every achievements from Obama administration" This one sentence explains SEC's behavior for me. Ripple was one of the selected candidates from the Faster Payment Task Force launched in 2015, under Obama. Ripple is probably selected new finance infrastructure from the competition and Trump administration wanted to crush it.
  5. Sorry I have given the wrong number. The total supply of xrp is 100B, 60% of 100B should be 60B. Not 600B. So I should have calculated it as 25t ÷ 60B which is $416.667/xrp Your calculation also should have been 416.67 x 0.01 = $4.16
  6. Let's do a simple math, Ripple is trying to replace the 25trillion locked nostro value. 25t ÷ 600b xrp (Escrowed 400b won't release anytime soon) =$416/xrp Shorterm value forecast of $25~$500 looks reasonable when Ripple successfully replaces the locked value. However, $1000~$30000 is not out of reach if xrp is used to provide liquidity for all the asset in the world. Because when that happens, no one will be willing to sell their xrp. Most of the xrp will be locked up as collateral or for other utility. if there is demand but supply is dried up, whatever the buyer is willing to pay will be the price. Not to mention the huge premium that will be added to the price.
  7. A reminder from a good friend to stay humble and invest safely. Thanks
  8. https://www.scribd.com/document/492583369/FOIA-Letter
  9. Jeremy Light working for Accenture and for ACI and for the europe strategic manager for Ripple. Coincident? Just connecting dots.
  10. https://www.crypto-news-flash.com/ripple-supporter-aci-worldwide-selected-for-us-feds-pilot-program/ revisiting the thread related to the recent news.
  11. There is the egg or chicken problem for xrp. For institutions to utilize xrp, there need to be clear regulations but for regulators to regulate xrp, they need to see the utility.
  12. “ A better course would be for us to treat the original capital-raising event for an unlaunched network as a sale of securities, but not to stretch the securities analysis to include subsequent sales of tokens for use on a launched network.” XRP ledger was already live before the establishment of Ripple. And Ripple was funded by venture capital series A,B,C. It never had ico like others at the launching of the project. Technically there wasn’t any investment contract from the first place.
  13. So, what is DCEA? https://news.bitcoin.com/digital-commodity-exchange-act-of-2020/ DCEA is an Act to classify cryptos as commodity. And CFTC manages commodity and derivative market, not SEC. who supports the bill? The bill is supported by lawmakers Austin Scott, Dusty Johnson, Tom Emmer, David Schweikert, and Darren Soto. Remember who Tom Emmer is? https://cointelegraph.com/news/xrp-is-not-a-security-argues-us-congressman-tom-emmer In short, it looks like there is conflict between SEC and CFTC over the management of the crypto market. Ripple seems to be counting on the new administration that is pushing DCEA. And SEC attempted its final attack on CFTC before the new congress comes. Now that the election is over, the law is on our side. If the bill gets a pass, this lawsuit from SEC becomes irrelevant therefore dismissed. what's your opinion?
  14. 0% possibility xrp is deemed as a security. Xrp is a digital product built for utility. Which makes it a commodity.
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