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A Former Top Wall Street Regulator Turns to the Blockchain

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It’s intesting that he is complaining about paywalls. When sitting behind one. And only change his view when someone points it out. Credibility issues. 

The article as such in FT is interesting to read however. 

 

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https://bitsmart.io/bitcoin/news/lawyers-are-taking-payment-in-bitcoin-despite-conflict-of-interest-concerns

"Mainstream media organizations such as the New York Times forbid their bitcoin reporters from owning cryptocurrency, while other news sites expect their journalists to disclose any potential conflict of interest."

Obviously rules don't matter here.

 

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7 hours ago, OzAlphaWolf said:

I don't see the worry. At worst, Ripple are forced to register XRP as a security in the USA which will cost them a few million in legals and compliance. It gets listed on major commodity or security exchanges. The gates are opened for institutional investors and speculators. How is this a long-term problem?

Having to register as a security could take down the majority of crypto market Imo. Ripple/ XRP is a threat to many well established institution"s. There is a big power grab going on and it might not turn out well.

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15 hours ago, flanman said:

 

DS is just saying that it would be extremely inefficient, and that devs wouldn't like building on a system that has input from non-technical buffoons that were only interested in wringing money from it.

XRP as a security certainly does not mean 'game over' for anything. It would make things awkward for a while but there are many dimensions to the XRP ledger. 

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11 hours ago, Plennie_Wingo said:

Well, there has been more chatter recently by Ripple execs about supporting the success of XRP.

It comes down to if the banks want to kill crypto, the US government will make that happen.  Democracy in the US is the great nonsense

word - it only matter what the rich want now.

No-one can kill crypto. It can be regulated to **** but decentralised exchanges and peer to peer trading will then proliferate. Crypto is a better way of transacting so it will prevail.

Governments, IMF, World Bank have one chance to make this work in favour of themselves and society. If they mess it up it will be impossible for them to control and they will suffer X100 in the future.

We're at the very start of crypto and no-one can see what will develop in 5, 10 or 50 years time. One chance is all they have and right now XRP looks like the best chance for them to bring a degree of control and organisation to the market.

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