elias Posted June 19, 2018 Share Posted June 19, 2018 Just now, enrique11 said: Yes, I'm a FUDster even though I own XRP...that makes absolute sense. Are you a lawyer? Link to comment Share on other sites More sharing options...
elias Posted June 19, 2018 Share Posted June 19, 2018 2 minutes ago, enrique11 said: If that were indeed the case, Jay Clayton IMO would have also singled out XRP as a non-security when he was specifically questioned about both ETH and XRP. But Jay Clayton didn't single out ETH as a non-security either, did he? enrique11 1 Link to comment Share on other sites More sharing options...
Guest Posted June 19, 2018 Share Posted June 19, 2018 4 minutes ago, enrique11 said: You don't have to "believe", just look at their actions so far, and keep looking as time goes by for consistency to see if their actions continue to match their intent and words. I've looked at their actions since the 2014 launch. Prior to that I've looked at Jed's actions vs what he has been saying. I'm personally not convinced. And now they're seriously in bed with IBM's blockchain department, which kinda raises questions about their neutrality if they're attempting to become the "linux foundation for cross-border payments" Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 1 minute ago, elias said: Are you a lawyer? lol...no...i hate that profession...took an professions aptitude test in highschool..."lawyer" was ranked the lowest for me. Deeznutz 1 Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 1 minute ago, default said: I've looked at their actions since the 2014 launch. Prior to that I've looked at Jed's actions vs what he has been saying. I'm personally not convinced. And now they're seriously in bed with IBM's blockchain department, which kinda raises questions about their neutrality if they're attempting to become the "linux foundation for cross-border payments" IBM holds 0 lumens....Stellar hasn't sold lumens to others that I'm aware of, and they had a huge initial free distribution of lumens. Link to comment Share on other sites More sharing options...
elias Posted June 19, 2018 Share Posted June 19, 2018 10 minutes ago, enrique11 said: You don't have to "believe", just look at their actions so far, and keep looking as time goes by for consistency to see if their actions continue to match their intent and words. I've never managed to understand Stellar's distribution program. Their dashboard with the figures on is just confusing to me. Could you describe it briefly, how do they intend to distribute the coins? Link to comment Share on other sites More sharing options...
Guest Posted June 19, 2018 Share Posted June 19, 2018 1 minute ago, enrique11 said: IBM holds 0 lumens....Stellar hasn't sold lumens to others that I'm aware of, and they had a huge initial free distribution of lumens. Who holds the 10 billion lumens that haven't been distributed via giveaways, but which are still not held by SDF? Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 (edited) OK...whenever I post anything negative about ripple, I get bombarded...but I am a holder of XRP, and Clayton's lack of including XRP when specifically questioned about it on public tv and then describing what a security was that sounded like he was describing Ripple/XRP to an extent did not instill confidence in me, but rather after hearing him it actually made a little bit more 'paranoid', could be my imagination. That's why I'm posting so much lately in this forum...it's one of the few cryptos I hold where it's securities status is not clear to me....yet. Edited June 19, 2018 by enrique11 Valhalla_Guy 1 Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 (edited) 6 minutes ago, default said: Who holds the 10 billion lumens that haven't been distributed via giveaways, but which are still not held by SDF? Good question, but the more important aspect is that they were given away. You can't raise funds if you give away things for free, regardless of who the recipients are, even if SDF gives them away to themselves. lol...as long as they keep giving them away for free. Edited June 19, 2018 by enrique11 Link to comment Share on other sites More sharing options...
Guest Posted June 19, 2018 Share Posted June 19, 2018 1 minute ago, enrique11 said: Good question, but the more important aspect is that they were given away. You can't raise funds if you give away things for free. but doesn't stellar hold around 5% of total lumens to sell for operational costs? Means they sold their stack and a bit more? Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 (edited) 6 minutes ago, default said: but doesn't stellar hold around 5% of total lumens to sell for operational costs? Means they sold their stack and a bit more? I'm sure they hold much more than 5% since only 18B xlm are in circulation last time I checked, but they are not going to release all of them at once...it'll have to be done strategically and over time IMO. Edited June 19, 2018 by enrique11 Link to comment Share on other sites More sharing options...
Guest Posted June 19, 2018 Share Posted June 19, 2018 I dunno, rubs me the wrong way when stellar folks (especially Jed) have been portraying Ripple as this evil corporate machine, while they're acting as if they're transparent nonprofit do-gooders, when they're not really transparent at all. Each to their own, but history has been showing me too many red flags. Starting from Jed's MtGox hustling with Karpeles and the missing 80k bitcoins which he mentioned after Karpeles got the ownership. Also Jed's dump declaration in may 2014 was absolutely unprofessional and moronic. Link to comment Share on other sites More sharing options...
xrp_moonjet Posted June 19, 2018 Share Posted June 19, 2018 2 hours ago, enrique11 said: No, XRP itself is not a security...it has too much utility. It's Ripple's use of and control over XRP and its influence over the network and various parameters thereof that make exchanges and the SEC question whether it's a security IMO. But Ripple is distributing XRP to the community that are interested in building ecosystem around XRPLedger with the help of Xpring program right ? Link to comment Share on other sites More sharing options...
xrp_moonjet Posted June 19, 2018 Share Posted June 19, 2018 5 minutes ago, default said: I dunno, rubs me the wrong way when stellar folks (especially Jed) have been portraying Ripple as this evil corporate machine, while they're acting as if they're transparent nonprofit do-gooders, when they're not really transparent at all. Each to their own, but history has been showing me too many red flags. Starting from Jed's MtGox hustling with Karpeles and the missing 80k bitcoins which he mentioned after Karpeles got the ownership. Also Jed's dump declaration in may 2014 was absolutely unprofessional and moronic. Yeah I will never trust Jed with all the history of red flags on him.. He will flee with all the money one day.. Link to comment Share on other sites More sharing options...
enrique11 Posted June 19, 2018 Share Posted June 19, 2018 1 minute ago, default said: I dunno, rubs me the wrong way when stellar folks (especially Jed) have been portraying Ripple as this evil corporate machine, while they're acting as if they're transparent nonprofit do-gooders, when they're not really transparent at all. Each to their own, but history has been showing me too many red flags. Starting from Jed's MtGox hustling with Karpeles and the missing 80k bitcoins which he mentioned after Karpeles got the ownership. Also Jed's dump declaration in may 2014 was absolutely unprofessional and moronic. I used to be ticked off, when I held XRP and Jed started dumping ripple on the market and the price took a dive...it took me a long time to get over it, but I finally understand where he's coming from. With all these banking products and solutions just for FIs make Ripple the "Microsoft" of cross-border payments and Stellar is the "open-source anyone can join" version of that, in my opinion. Does that mean Stellar will succeed and not Ripple? No. Does it Ripple succeeds and Stellar fails? No. It's just that one is more closely aligned with my values than the other. Link to comment Share on other sites More sharing options...
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