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About Ripplez

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  1. It's kind of a worst case scenario but it could happen. In such a scenario, XRP may survive regulation as a sort of utility settlement coin. Ripple and the banks would get to go on marching forward and the rest of us would be **** out of luck. It's quite vexing to think about it. Why should only the banks be allowed to benefit? It really makes me want to join the decentralization movement.
  2. I appreciate your advice but it's much too sheepish for my liking. Be grateful? Don't act entitled? They don't owe us transparency? Don't demand answers to questions I have no legal right to ask? My friend, are you looking for a pat on the head from Brad? Can you imagine where our legal rights would be today if we only asked questions that we had the "legal right" to ask? (What questions do we not have a legal right to ask anyway?!) Try not to lose sight of the fact that if regulation renders our XRP effectively worthless or XRP doesn't get adopted at the scale that we all hope, Ripple's business will continue to march forward (and on a more established footing because of us) while we're all left with nothing but a few lines of interesting but worthless code. Yes, yes, that's a risk that we all knowingly take in purchasing XRP, but do you honestly think that means we're not entitled to answers? I would submit to you that we have every right to inquire and demand answers about the extent to which Ripple's interests are aligned with ours. If you're content with sitting quietly with your fingers crossed, that's certainly your prerogative. On a final note, it's simply not true that the only way we'll be left behind is if we "p**sy out and sell". Firstly, to date, there appears to be minimal XRP adoption by banks and payment providers, and it's possible that they are dumping XRP on us as soon as any contractually imposed holding period expires. As I'm sure you'd agree, this would not bode well for XRP holders if proven to be true. Secondly, regulation is a very real threat to all cryptocurrencies. You're only fooling yourself if you think otherwise. XRP is fundamentally no different than Bitcoin or any other cryptocurrency. Ripple can tout XRP's specific use case all it wants, but that, in itself, will not likely put XRP in a different regulatory class than Bitcoin.
  3. The issue lies with the lack of transparency regarding the large corporate purchases and subsequent sales of XRP. No one doubts that Ripple wants to protect the long term value of XRP. However, Ripple, its directors, and other insiders are benefitting in the short term at the expense of ordinary purchasers of XRP. Ordinary purchasers of XRP are sustaining Ripple's growth, and there is a very real risk that if and when Ripple takes off, that XRP holders will be left behind, whether that be due to regulations prohibiting us from holding XRP or because of a lack of XRP adoption by banks and payment providers. Therefore, at the very least, we should be demanding immediate and proper answers to @Gepster's legitimate questions.
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