VaR Posted April 4, 2018 Share Posted April 4, 2018 9 minutes ago, PG1 said: I'm not so sure Lawson's motives are without an agenda: https://www.crunchbase.com/organization/synapsepay#section-locked-charts Case closed. 1Ton, xrphilosophy and Edm22 3 Link to comment Share on other sites More sharing options...
flanman Posted April 4, 2018 Author Share Posted April 4, 2018 I dunno, Jay Clayton is basically describing XRP: "Clayton referred to true cryptocurrencies as public Blockchain networks with native cryptocurrencies either mined or produced by the public. If a certain company has control over the monetary supply of its crypto-asset distributed to its users and the value of the token is based on the performance of the company, Clayton reiterated that the token is a security and falls under the regulations imposed by the SEC." https://cointelegraph.com/news/sec-hints-at-tighter-regulation-for-icos-smart-policies-for-true-cryptocurrencies 1Ton 1 Link to comment Share on other sites More sharing options...
XRPisVELOCITY Posted April 4, 2018 Share Posted April 4, 2018 Nice try. Not falling for it. http://www.isa.gov.il/sites/ISAEng/1489/1511/Pages/eitinot220318.aspx 1Ton 1 Link to comment Share on other sites More sharing options...
XRPisVELOCITY Posted April 4, 2018 Share Posted April 4, 2018 (edited) 20 minutes ago, VaR said: Case closed. Everyone who spreads fud has an agenda. They're scared little punks who spread lies and dismiss the facts. Edited April 4, 2018 by XRPisVELOCITY VaR 1 Link to comment Share on other sites More sharing options...
Archive Posted April 4, 2018 Share Posted April 4, 2018 4 minutes ago, flanman said: the value of the token is based on the performance of the company, but is the value of XRP based on the performance of the company? I see it as value based on the utility of it on the public ledger. This is sticky and would not know what side of the fence to fall on, but I don't see XRP tied to Ripple's performance or financial results of their software distribution. 1Ton and xrpmeplease 2 Link to comment Share on other sites More sharing options...
JonHolmquist Posted April 4, 2018 Share Posted April 4, 2018 I talk with Lawson often. His points aren't necessarily ill-informed. I think it just further pushes the fact that Ripple needs to focus on decentralization faster. Spekul8, Kakoyla and flanman 3 Link to comment Share on other sites More sharing options...
FUD Posted April 4, 2018 Share Posted April 4, 2018 After David’s tweet about outsourcing the XRP issue for banks, I personally find all info about regulations and XRP irrelevant now. If this is a loophole that he was talking about, we could care less about bank’s ability to interact with crypto. Link to comment Share on other sites More sharing options...
XRPisVELOCITY Posted April 4, 2018 Share Posted April 4, 2018 (edited) Funny watching a nobody stating this as fact. I suppose Brad G and his brilliant top knotch team have no clue about whether xrp is a Security. I think we can give them more credit then that. And why is Baker getting his own thread. Edited April 4, 2018 by XRPisVELOCITY Link to comment Share on other sites More sharing options...
Trickery Posted April 4, 2018 Share Posted April 4, 2018 8 minutes ago, flanman said: and the value of the token is based on the performance of the company, And there it is..the value of XRP is not based on the performance of Ripple but the performance of Ripple does have some basis in the value of XRP. Mpolnet 1 Link to comment Share on other sites More sharing options...
VaR Posted April 5, 2018 Share Posted April 5, 2018 10 minutes ago, XRPisVELOCITY said: Everyone who spreads fud has an agenda. They're scared little punks who spread lies and dismiss the facts facts. 5 minutes ago, FUD said: After David’s tweet about outsourcing the XRP issue for banks, I personally find all info about regulations and XRP irrelevant now. If this is a loophole that he was talking about, we could care less about bank’s ability to interact with crypto. The only agenda here is this: https://www.linkedin.com/company/polysign These guys are 3 steps ahead of anyone, just let them do their job and XRP will dominate crypto in months. Artificer and XRPisVELOCITY 1 1 Link to comment Share on other sites More sharing options...
Vvittin Posted April 5, 2018 Share Posted April 5, 2018 So Xrp is a security because it’s owned by the company and price is affected by the outcome of the company, well at the same time is a scam coin because Ripple labs and xcurrent don’t use XRP and can exist without it....get your FUD straight...lol King34Maine, flanman and Mpolnet 3 Link to comment Share on other sites More sharing options...
xrphilosophy Posted April 5, 2018 Share Posted April 5, 2018 Last time there was this much negative press, misinformation, and gossip we shot up to near $4 a few months later. Keep it coming propaganda machine... OzAlphaWolf and PG1 2 Link to comment Share on other sites More sharing options...
Phintech Posted April 5, 2018 Share Posted April 5, 2018 3 minutes ago, Vvittin said: So Xrp is a security because it’s owned by the company and price is affected by the outcome of the company, well at the same time is a scam coin because Ripple labs and xcurrent don’t use XRP and can exist without it....get your FUD straight...lol Keep telling yourself cute little bedtime fairytales. Maybe you’ll be a big boy in a few years and realize your childish rambling was a huge learning moment. Link to comment Share on other sites More sharing options...
XRPisVELOCITY Posted April 5, 2018 Share Posted April 5, 2018 Ripple owns XRP just as we do. No difference. They didn't create it. It was gifted. flanman and xrphilosophy 2 Link to comment Share on other sites More sharing options...
Longjohn Posted April 5, 2018 Share Posted April 5, 2018 The basis of securities law is owners of asset have equity in the entity they invest in. Under securities law if Ripple the privco were to dissolve for whatever reason, holders of xrp have no legal basis as a creditor. The 100b xrp was not created on a contractual basis between Privco and buyers of xrp. Ripple fails xrp goes on maybe worrthless. Likewise if XRP fails Ripple privco goes on to other endevours. xrphilosophy and Artificer 2 Link to comment Share on other sites More sharing options...
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