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Everything posted by WuWei

  1. This is what it's all about, the money, and the SEC are up a creek in more ways than one. (how bad do Clayton's and Hinman's private sector associations stink - omg, Whew!) They might be stalling in hopes that they can drag this out long enough for legislators to swoop in with a crypto bill written so as to throw a wet blanket on Ripple's war chest.
  2. The SEC is sweating bullets with this case. Their outright fear of XRP's potential domination of "all the money" was made clear in a powerful statement which can be found in "Xrp Ripple Xrp News Today Xrp Price Prediction [August] - SEC Threatens Judge To Rule For Them!" at 1:30 in the clip. "It benefits you to rule in our favor because a win for XRP will mean a collapse of the entire society. The dollar (and?) our whole currency system is at stake." This is clearly the 800lb gorilla in the room, as they know just what XRP's capable of in comparison to BTC and ETH's already "dated" and therefore, self-limiting platforms.
  3. 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
  4. Cage? More like a bunker to protect me, and my stash, from all of the constant FUD.
  5. 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?
  6. 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?
  7. 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.
  8. 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)
  9. 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.
  10. 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.
  11. "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.
  12. 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....
  13. 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"
  14. 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.
  15. 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/
  16. 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?)
  17. 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.
  18. Years back, I read a very interesting analyst's review of companies that had achieved great success and accordingly, whose stock prices ultimately went on to reflect their "game changing" ideas. His observations really struck me, as I had gotten in, and then back out, of multipe great companies over the years, but had invariably cashed out too soon. Apple, Netflix, and Facebook but to name a few. What he identified was a pattern whereby early speculation would result in excitement and a significant run-up in price, only to be followed shortly by a consolidation of typically greater than 70%, often in the 90% range, and often lasting for years. The thing that stood out to me most, was in his observation that when these companies ultimately broke out of their big downtrends, that their new ATH's were on average, approximately 3x their original, "too early" speculative runs. As I'm of the impression that Ripple is a ground breaking company, with a potentially game-changing, ahead of the curve idea, then there's a significant chance that they too will repeat this pattern. If so, then a new ATH price target of around $10 isn't so out of line: at some point. The sticking point here, is that they've been tied to btc and the general market forces behind crypto, therefore a breakout based purely on the utility of their "product/service" is extraordinarily hard to predict. Based on pure utility, and maybe a little forward looking speculation or FOMO, I would peg a 3x run-up sometime this summer when Ripple anticipates that their ODL corridors will ultimately cover the globe. Until that time, although xrp might shine in it's forward looking utility prospects among some speculators, but for the time being, it's going to be tethered to btc or the crypto market speculation in general. Sometimes, quite painfully so...
  19. I'm of the feeling that due to the huge increases in the liquidity within the ODL corridors, that this will result in significantly increased utility within each corridor. At some point, this should result in more support going forward, even when speculation is the driving force behind these increases. I'd then expect to see a fairly consistent pattern of higher lows without as many big retractions following these run-ups. More of a sawtooth pattern up, or even sideways, with only an occasional sawtooth down. We'll see....
  20. If he was "man enough" to make a bet with her, then he should be a man of his word, and not be a little ***** and whine about losing the bet and selling them. Besides, if it were tools or something that he put to good use, then it would be a different story, but in this case it sounds like 'toys' that he doesn't even play with. I've got a friend who's been a collector of old antique bottles for years. I helped him and his wife move once and those bottles were a pita and he was a nervous wreck saying, "oh, oh, be careful, that one's worth $30" every two minutes. His entire collection probably wasn't worth a couple grand. Now after years of protecting it, dusting them all off on his display shelf periodically, and showing them to his friends, he's over it. My ex was like this and collected each and every little thing our kids ever had as if every one of their toys was going to leave a permanent scar if they were "forced" to give them away or donate them to someone else. I'm of the firm belief, that it's the memories of times spent that are our most priceless treasures. As for possessions, the more that you possess, the more there is that possesses you. Just imagine some future xrp moon-boy millionaire coming out into a parking lot only to find a ding in his brand new Lambo. One caveat to this though: Over the past several years, I've developed a "serious problem" with collecting xrp. And additionally, I'm having a very hard time of letting go of any. I guess I'm being a hypocrite, and in reality I'm just a little HODL *****. (moderators please forgive me!)
  21. I've gotta wonder if Jed wasn't responsible for that big offloading of xrp and was buying up xlm to stir up its price. Although both xrp and xlm have seen better than 50% gains in the past 24hrs, xlm's 7 day rise is around 100% compared to xrp's 140%, which suggests a bit of a delay to me. We know that his sales are xrp volume dependent, so this would make sense in that regard. No other cryptos had been seeing anywhere near the % gains that xrp was enjoying until just recently as xlm started pumping as well. Although this makes sense to me, I obviously could be missing something. And yes, it does feel like old times to see a bunch of familiar names posting again!
  22. There's some very strange flows going on, that's for sure. Yesterday, utilizing a maps overlay, I was attempting to trace where some of these flows were ultimately ending up, as many of them didn't appear to be over land masses. Ultimately I determined that one stream was ending up in the Azores while another looked to be going to Bermuda. Today I've identified a stream going off the western U.S. coast to who knows where. Another stream was ending up off the west coast of Africa, presumably in the Cabo Verde islands, and yet still another appeared to be going to Ascension island. Idk if the accuracy of the Fiat Leak map streams is anything to base any sleuthing on, but if it is, then I'll go out on a limb here and predict that something major is going on far beyond xrp merely riding on btc's coattails or simply due to speculation. Go to Fiat Leak, look for yourselves, and then tell me that I'm just making something out of nothing - I just don't get it. I'm still confused, however after adjusting my window size in various manners, it shifts the end destination of the bubble flows, however, they still very much appear to be ending up on islands. It's bizzare it sure would be nice to be able to determine where these are ultimately ending up.
  23. I might tend to agree with this if it weren't for my observations of fiat leak yesterday. I leave fiat leak running in the background on my computer as it's often kinda fun to watch what the trends are, however, yesterday I noticed something different. Those little "bubbles" that go streaming up from the currency abbreviations listed along the bottom, have previously been associated with only a few countries. Yesterday, I noticed ones from Brazil, Russia, the UAE, Singapore, Thailand, and South Africa. This was definitely a change from what's been the "normal." As xrp's price, for whatever reason, has more than doubled here recently, so have all those pools of liquidity. I've gotta wonder if that huge increase in liquidity hasn't now reached a threshold level of utility necessary for more widespread adoption.
  24. I see an amazing philanthropic opportunity for Ripple's utilization of the escrow, and based on their past efforts, I think that this would make for a spectacular business plan. If they were to balance the company's ongoing needs with regular generous philanthropic disbursements, the governments of the world would have to take notice and would have little to complain about. Approximately 50 billion of an asset could do wonders for this world, if it were to appreciate into double or even triple digits. For example, that 50 billion could erase all current U.S. student debt at $30 per xrp. However, I believe that if they were to embark on this path, that they would surely take a world view on what benefit they could enable. I love that Ripple has demonstrated such a high degree of philanthropy along the way and hope that as xrp's value gains momentum, so do these efforts.
  25. Ripple addressed this months ago, with their Wall Street Ad, which I interpreted as being their first 'warning' of needing to take business elsewhere. Being the reserve currency of the world, and acknowledging how cutthroat competitive the business aspect of anything "money related" is, it's not surprising that our regulators are heel-dragging, as they're scrambling to figure out a way to sidestep losing their immense financial leverage over others. XRP's near immediate transfers, combined with infinitesimal fees, almost certainly results in it being regarded as a threat to the U.S.'s ability to impose sanctions on others via the USD; as they currently do through SWIFT. A lot of behind the scenes politics going on here as he inferred with his comment about D.C's take on Silicon Valley's perspectives. On the bright side, two dozen banks are using xrp, which when combined with MoneyGram's infrastructure, gives the potential for rapid global expansion. The question remains though, is it going to be here, or in somewhere else like Switzerland or Lichenstein?
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