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WuWei

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  1. After reading Ripple's response to the SEC's letter, I can't imagine that tomorrow's court hearing will be anything less than positive for Ripple's case. It's going to be interesting to see what the outcome is, and if it's as good as I suspect it might be, we'll likely see xrp break $2.00. (I'm not one to typically predict, but I read the response and it was solid!) https://www.crypto-law.us/wp-content/uploads/2021/04/210428_Ripple-Response-in-Opposition-to-SEC-Motion-on-Discovery.pdf
  2. Cage? More like a bunker to protect me, and my stash, from all of the constant FUD.
  3. Wow, this could really drag on: "all discovery shall be completed no later than August 16, 2021. However, the Individual Defendants request that the Proposed Order provide that the Individual Defendants and the SEC may conduct additional discovery until 120 days following the Court’s ruling on any motion(s) to dismiss filed by the Individual Defendants." Who blinks first?
  4. Maybe it's my OCD kicking in but just I noticed something strange. I went back only as far as page 686, and counted over two dozen posts by Jack21 with his avatar registering a consistent 224, and never increasing. What am I missing or is Jack a slick hacker in our midst?
  5. While the SEC suit really dragged xrp down in the short term, I believe that a lot of people see that there's enormous potential for what a good outcome will mean. Additionally, not only does the SEC's lawsuit look to have some major holes in it, (FINCEN etc) there seems to be a common belief emerging that a negative outcome would cripple much of the entire crypto field, and that this won't be allowed to happen. Looking at it in another way, it feels like a 50/50 bet where risking a moderate amount of money now has the potential for an enormous payout later - especially now that FLR is coming into play.
  6. Another very interesting read on their website is the following: https://www.jdsupra.com/legalnews/us-credit-card-company-to-integrate-52241/ My take-away from this "no-action letter" is that they seek to constrain digital assets to a network which is only involved in money transfer: "The company will not promote or support listing or trading of the digital asset on any third-party trading platform." And... "Users who purchase the digital asset from the company will be required to affirm that they are acquiring the digital asset for consumptive use and not for speculative purposes." XRP might well indeed flourish elsewhere in the world, but it's becoming increasingly clear to me that the U.S. sees it as a direct threat to the dollar, and as such are attempting to constrain it. However, as Kraken and others will be able to handle securities, I wonder if there's a possible end-run solution that's possible. (although on an international playing field, idk how that would all be worked out)
  7. If these programmatic sales were engineered prior to XRP's 30,000% run up in price, do they then still look so out of whack, or only now that xrp's price isn't preceded by a 0.0000 something? As I've stated before, if they can make their ideas work, by putting in the hard work that's necessary to build out the foundation required to bring them to fruition, then why should I be in the least bit concerned by how generously they choose to reward themselves? My 'investment' was based upon my perception of how revolutionary I believe their ideas to be, and upon how capable I believe their team is, in it's ability to bring them to life.
  8. Would those same sales appear so "un-ethical" if, from the outset, a less than 0.1% sales strategy was agreed upon as compensation for bringing this whole idea to fruition? Before xrp appreciated by some 30,000%, those same sales wouldn't have appeared nearly as excessive as they do now. If they indeed had some programattic sales plan, do we now begrudge them for not having downgraded it as xrp skyrocketed in value? From my very first explorations of Ripple's endeavors, to me, it was a case of going big with the 100 billion xrp, in an attempt to capture an enormous chunk of the global money transfer market: in short, a make it or break it venture. It was dependent on a superior tech in an emerging field. I saw xrp as a stroke of genius that could not only bring email efficiency and instancy to money transfer, but due to the elegantly built-in deduction of infinitesimal fees through the burning of drops, I saw it as a viable means to bring about the much anticipated "Internet of Things." Predictions of one day having virtually all machines and appliances, with on-board, self-diagnosing cpu's, communicating via Bluetooth or WiFi, required a means of instantaneous, tiny payments to bring it to a reality. I saw Ripple's xrp as a solution that bridged both the Internet of Value with the Internet of Things. This is why I bought into xrp, and since I felt as if these were, and still are, truly game-changing, revolutionary ideas, I could care less if the founders of the company would make themselves billionaires in the process. Those in positions of great power, frequently feel threatened by those they perceive as soon being able to eclipse their own. The end result is often nothing more than a glorified "pissing contest." The powers that be, whether in government or in the "old boy" network of correspondent banking, can't stand the idea of these guys acquiring this much control and power, no matter how functional, efficient, and beneficial the realization of their ideas actually are to society. As I see it, this has always been the 800 lb gorilla in the room for Ripple.
  9. "It is essential that the SEC approach these new challenges in a fair and transparent manner, provide clarity and certainty to the markets and investors, and enforce the laws and regulations that hold market participants accountable." Chervinsky hasn't a clue what Roisman will or won't do, and to assert that this change in leadership won't have any impact is pure speculation. And that the "enforcement lawyers" are ultimately going to determine whether or not Roisman won't look to broker a solution, simply because they're "...here to stay," is utterly ridiculous.
  10. I don't necessarily disagree, however, if the author's first language isn't English, then this wouldn't be so unusual. What intrigue's me, is his mention of the escrow, which I've felt all along would be Ripple's biggest sticking point in getting a regulatory green flag. The SEC knows good and well what giving Ripple regulatory clarity would do to the price appreciation of xrp, and I can only imagine that they've been wildly reluctant to do so, if only from the standpoint of how much that would ultimately make their escrow worth. Not to mention the SEC's fears of triggering a flight from the U.S. dollar into a globally exchangeable, lightening fast, rapidly appreciating digital currency. This is a curious post indeed, but who knows, maybe it's got some legitimacy to it after all....
  11. I found the "Unknown" post very intriguing, (language difficulties aside) including the author's reference to "...a much larger fiat issue." His assertion that the escrow was the catalyst makes sense to me, especially if the SEC anticipated that large scale adoption was about to occur. If this individual actually has any inside perspective on this at all, then I've gotta wonder if, similar to the flare distribution, that a similar disbursement was being considered for the escrow, as opposed to merely burning it. "Escrow should come to all of you, I apologize if I didn’t read it somewhere, this is all about a failed deal over escrow some in sec wanted to make, jay didn't" Maybe this is all a bunch of "hopium" on my part, however, I found it curious the way in which he left things: "someone once said be greedy when others are fearful and what’s the market doing right now merry Christmas and all the best"
  12. I agree as Ripple has been working for years to get this resolved. This might be a brilliant move on their part to actually force the issue; especially if they believe that they're on the cusp of a major breakout of adoption. It's possible that they revealed their intentions of moving forward in very specific manners, knowing that this would necessarily trigger an immediate reaction. There's no way that this issue can be ignored any longer, especially with the changing of the guard within the SEC - it's going to be dumped right in the lap of whomever takes over: day one. I think that this is coming from a position of power on Ripple's part, and that they're pretty much prepared for whatever the outcome might be, just so long as they can get regulatory certainty. This is the critical missing piece of the puzzle and I sense that this is likely to result in a global "flip of the switch" moment for ODL adoption.
  13. Wow, what an impressive resource - The Library of Congress is a treasure-trove of information: nothing else like it. With that being said, and although the title includes "...around the World." it struck me that neither the U.S. or Canada was on such an extensive list. Made me wonder if they've got something similar under a different heading....I guess I'll have to get off my a** and put in a little effort.... [Update]: I found a great resource: https://blogs.loc.gov/law/2020/10/united-states-blockchain-and-cryptocurrency-resources/
  14. The volume is now over half that of btc and now exceeds eth, at a price holding at around .50. Am I the only one who views this as a positive sign? Despite the F***ed up regulatory situation here in the U.S., Ripple; and in particular SBI; is brokering deals on a nearly constant basis. Although I fear that the 800 pound gorilla in the room is the U.S.'s reliance on SWIFT to enable them to be the financial bully of the world via sanctions, compounded by their fear of a flight from the dollar, the genie is out of the bottle. Ripple might well have to pack up shop and move their HQ to Singapore, or elsewhere more aligned with their objectives, however, it's looking increasingly likely that as the building of their IoV infrastructure continues to take shape, that there's soon to be a correspondingly increased commercial appreciation of their value and therefore of the value of all of the components; including xrp and now flr. (is this a run-on sentence or what?)
  15. I have to wonder if he isn't using a bunch of his proceeds from xrp and buying back into xlm? Just as stock buy-backs are often thought of as a means to prop up a stock's price, what if Jed has been doing this to make it appear as if xlm is doing better than it really is? Both the circulating supply and daily volume is such that I'd think that a constant stream of buying on his part could at least add support to the price of xlm. If my math's correct, xlm's volume is only about 1/8th that of xrp. I don't follow their news, but I don't recall ever reading that Stellar has anything even approaching Ripple's business infrastructure and partnerships, which leads me to question whether or not this is a legitimate possibility. Besides, what's he got better to do with that much daily money, other than to plow it back into his own company.
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