Jump to content
enrique11

Here Is The Upside Of Ripple (XRP) Being Declared A Security

Recommended Posts

https://globalcoinreport.com/here-is-the-upside-of-ripple-xrp-being-declared-a-security/

 

Quote

So what if Ripple is declared a security?

The first thing that will happen, is a total dump of the coin in the crypto-markets. It will spiral out of control worse than the meteorite that supposedly killed off the dinosaurs.

Quote

But they [investors] should not be disgruntled.

The way I see it, Wallstreet has been begging for a Ripple IPO since last December. They were like the proverbial cat that wants to get a hold of the goldfish in the bowl. When XRP is declared a security, they will have a party. This party will be because XRP can now be regulated by the SEC and listed on the numerous traditional trading platforms in Hong Kong, Chicago, London, Sydney, New York, just to name a few.

These trading platforms that never sleep, is where XRP will meet the trillions of dollars that want to invest in the newly declared security.

Quote

Anyone who did not dump their XRP with the news that it is a security will reap the rewards of being a HODLer but in the regulated world of securities. Of course, they will be taxed for cashing out, but with XRP having a $1 Trillion market cap, this means that XRP will be valued at around $25 dollars [in 2019]. Even if the IRS takes 50% of this, you are left still with a handsome profit larger than the anticipated [to be at least ]$10 per XRP [in 2019 if not regulated by the SEC].

 

Edited by enrique11

Share this post


Link to post
Share on other sites

Or how about this:

* A new amendment is introduced by the community that disables the release of the 50 billion XRP escrows from Ripple, thus halving the supply of coins.

* The amendment gets 80% of votes (Ripple does not vote), and is effectuated after two weeks on the live network.

* David Schwartz, Nik Bougalis and friends leave Ripple and join a non profit org, perhaps founded by me, to continue their work on the code.

* price recovers to double it was before the sec ruling, due to halving of supply with continuation of support.

* it is now proven that XRP never was a security to begin with, just like Ripple has argued, and Ripple sues the SEC for 50 billion dollar, and wins.

* With that 50 bn dollar, Ripple buys back a position of the most scalable digital asset that will change the world in ways we cant even imagine yet.

Edited by lucky

Share this post


Link to post
Share on other sites
9 minutes ago, lucky said:

Or how about this:

* A new amendment is introduced by the community that disables the release of the 50 billion XRP escrows from Ripple, thus halving the supply of coins.

* The amendment gets 80% of votes (Ripple does not vote), and is effectuated after two weeks on the live network.

* David Schwartz, Nik Bougalis and friends leave Ripple and join a non profit org, perhaps founded by me, to continue their work on the code.

* price recovers to double it was before the sec ruling, due to halving of supply with continuation of support.

* it is now proven that XRP never was a security to begin with, just like Ripple has argued, and Ripple sues the SEC for 50 billion dollar, and wins.

* With that 50 bn dollar, Ripple buys back a position of the most scalable digital asset that will change the world in ways we cant even imagine yet.

Please stick to one pill a day!

Share this post


Link to post
Share on other sites
14 minutes ago, lucky said:

Or how about this:

* A new amendment is introduced by the community that disables the release of the 50 billion XRP escrows from Ripple, thus halving the supply of coins.

* The amendment gets 80% of votes (Ripple does not vote), and is effectuated after two weeks on the live network.

* David Schwartz, Nik Bougalis and friends leave Ripple and join a non profit org, perhaps founded by me, to continue their work on the code.

* price recovers to double it was before the sec ruling, due to halving of supply with continuation of support.

* it is now proven that XRP never was a security to begin with, just like Ripple has argued, and Ripple sues the SEC for 50 billion dollar, and wins.

* With that 50 bn dollar, Ripple buys back a position of the most scalable digital asset that will change the world in ways we cant even imagine yet.

lolol...this is "angry logic". :D  Yeah, let's teach the SEC a lesson here. ?

Share this post


Link to post
Share on other sites

I really don't know why people are so touchy about this subject...I'm actually nervous holding zerps because I know that they weren't designed for my use and eventually I'll cash 'em in like a lotto ticket hopefully. I'm not planning on doing anything else with them.

Share this post


Link to post
Share on other sites
7 minutes ago, enrique11 said:

lolol...this is "angry logic". :D  Yeah, let's teach the SEC a lesson here. ?

No it’s not angry logic. This is a completely realistic scenario, and the fact that such scenario is possible, will convince SEC to not even consider ruling XRP a security. Not because of the legal repercussions, but because my thought experiment has demonstrated that Ripple has made sure they are no longer in control of the currency, if they ever were.

Share this post


Link to post
Share on other sites
24 minutes ago, enrique11 said:

I really don't know why people are so touchy about this subject...I'm actually nervous holding zerps because I know that they weren't designed for my use and eventually I'll cash 'em in like a lotto ticket hopefully. I'm not planning on doing anything else with them.

they were absolutely designed for your use, what makes you think it is not? inter bank exchange of value is just one usecase. not even the biggest one: the web payments usecase is much bigger, it will bypass banks (“crypto economy”), and its potential volume is mindblowing.

Edited by lucky

Share this post


Link to post
Share on other sites
26 minutes ago, enrique11 said:

I really don't know why people are so touchy about this subject...I'm actually nervous holding zerps because I know that they weren't designed for my use and eventually I'll cash 'em in like a lotto ticket hopefully. I'm not planning on doing anything else with them.

Are you sure you don't work for Stellar?

Share this post


Link to post
Share on other sites
Just now, OzAlphaWolf said:

Are you sure you don't work for Stellar?

lol...of course I'm sure, but you're not...or are you joking? You gotta be joking, as I've been spending a lot of time here lately...ever since the SEC reared is ugly head.

Share this post


Link to post
Share on other sites
12 minutes ago, lucky said:

they were absolutely designed for your use, what makes you think it is not? inter bank exchange of value is just one usecase. not even the biggest one: the web payments usecase is much bigger, it will bypass banks (“crypto economy”), and its potential volume is mindblowing.

Sorry, lucky, didn't mean anything by laughing at that highlighted part of the post. It just reminded me of my brother...like he wrote that part I highlighted.  He's got anger issues for real. lol..honestly, he does.

I'm not saying it would never happen, but the odds are quite low of suing the SEC and succeeding, in general.

XRP was designed for institutional use as a bridging currency.   It's tough to let go of something that keeps going up in value, like a collectible, so people aren't incentivized to spend it on a daily basis, even less incentivization there than BTC, and BTC isn't spending type of crypto either, it's just a digital store of value, like digital gold.

How would this "interbank exchange of value" work?

Share this post


Link to post
Share on other sites
4 minutes ago, OzAlphaWolf said:

Are you sure you don't work for Stellar?

You're the second person that's asked me that...unless I'm confusing you with the first person, in which case your the first person that's asked me that twice..lol ?

Share this post


Link to post
Share on other sites

@enrique11 it’s tough to see an oldtimer spread false information on this forum. No, XRP was not designed for institutional use as bridging currency. That just happens the usecase Ripple is currently pursuing. Picking the low hanging fruit first.

Edited by lucky

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...