xrp-nuke Posted February 4 Share Posted February 4 1 hour ago, BillyOckham said: Who knows how that would grow? It would grow to the moon. Link to comment Share on other sites More sharing options...
JASCoder Posted February 4 Share Posted February 4 DS is taking XRP private (context: American and weed joke maker oligarch Musk was just cleared from upsetting stockholders with making a false claim about Tesla stock) xrp_sea and DannyRipple 1 1 Link to comment Share on other sites More sharing options...
xrp-nuke Posted February 4 Share Posted February 4 Another prove that Coil did not care much about its initial mission, but only VCs that mostly non XRPL beneficial: To be honest there is something to learn, how to spend 0 and earn money from VCs. Lack of accountability on where money used bring to this. Link to comment Share on other sites More sharing options...
JASCoder Posted February 5 Share Posted February 5 9 hours ago, JASCoder said: DS is taking XRP private (context: American and weed joke maker oligarch Musk was just cleared from upsetting stockholders with making a false claim about Tesla stock) Follow up… Link to comment Share on other sites More sharing options...
Guest Posted February 8 Share Posted February 8 (edited) I warned that this would happen. Whether it is "right" or "wrong" is immaterial. Per today's laws, it is easy to make the argument that proof of stake (or staking of any kind) tokens are securities because staking them gives you the right to get more "rewards", and that you are doing it in the expectation of profit, and that by staking you are contributing to the governance of the network/product - which would be the common enterprise. The SEC will tell the exchanges - either delist PoS tokens or disable staking. Now it's a matter of whether crypto lobby can get Congress to pass legislation to avoid this. Also see this - https://news.yahoo.com/crypto-exchange-kraken-under-scrutiny-215125908.html And finally the following. Let's see if/how all these pan out. Edited February 8 by Ripley Link to comment Share on other sites More sharing options...
Guest Posted February 9 Share Posted February 9 That 200 MA line appears to be holding up as support for now. Long term still looks bearish, unless something fundamental changes. Link to comment Share on other sites More sharing options...
Babelly Posted February 9 Share Posted February 9 15 hours ago, Ripley said: I warned that this would happen. Whether it is "right" or "wrong" is immaterial. Per today's laws, it is easy to make the argument that proof of stake (or staking of any kind) tokens are securities because staking them gives you the right to get more "rewards", and that you are doing it in the expectation of profit, and that by staking you are contributing to the governance of the network/product - which would be the common enterprise. The SEC will tell the exchanges - either delist PoS tokens or disable staking. Now it's a matter of whether crypto lobby can get Congress to pass legislation to avoid this. Also see this - https://news.yahoo.com/crypto-exchange-kraken-under-scrutiny-215125908.html And finally the following. Let's see if/how all these pan out. dtpace and PlanK 1 1 Link to comment Share on other sites More sharing options...
xrp_sea Posted February 9 Share Posted February 9 1 hour ago, Babelly said: So, who do you believe then? CB CEO is saying something that contradicts what their Chief Legal Officer is saying. dtpace 1 Link to comment Share on other sites More sharing options...
Nat99 Posted February 9 Share Posted February 9 On 1/17/2023 at 4:53 PM, Ripley said: For those who are interested, Bob Way gave some perspective on some missteps Ripple made during the early days - some intentional, some unintentional, their R3 "agreement", the fallout, the 2017 dump, etc. Key takeaways for me: Ripple and XRPL got punished for trying to be compliant with FinCEN. The regulators didn't pursue blatant violations made by other stakeholders but Ripple/XRPL got stuck with bureaucracy. This makes the SEC's choice to file a lawsuit on Ripple even worse IMO. Once they got stuck with the bureaucracy, they had a plan to transition everyone over to GateHub but no one actually took ownership of that transition. (Ripple) Lawyers really messed up the R3 contract by not tying optionality with performance goals and ultimately this led to the dump during the 2017 bull run + the subsequent lawsuit/out of court settlement. They didn't have anyone on the business side who truly understood the potential of XRPL for a long time. Ultimately all of these are Chris's responsibility as CEO. I suspect this is why he was removed from that position and Brad (who originally joined as COO, reporting to Chris) got promoted to CEO and the company started to slowly steer back in the right way. I remember Bob Way. He was one of those hyped "insiders" who sounded credible but were likley full of sh*t. Link to comment Share on other sites More sharing options...
Guest Posted February 9 Share Posted February 9 (edited) 21 hours ago, Ripley said: So Kraken and Coinbase was the same thing. Now to see if the OCC stuff pans out. Edited February 9 by Ripley Link to comment Share on other sites More sharing options...
Guest Posted February 9 Share Posted February 9 (edited) https://www.coindesk.com/policy/2023/02/09/stablecoin-issuer-paxos-is-being-investigated-by-new-york-regulator/ "The full scope of the investigation is unclear. Paxos’ stablecoins include the Pax Dollar (USDP) and Binance USD (BUSD), a Binance-branded stablecoin offered through a white-label service." To my knowledge, PAXOS was always 100% backed. I suspect (my guess) that the problem is with Paxos's BUSD, issued on Ethereum (backed 100%) being commingled with Binance's BUSD (issued on BSC and not backed 100%, enabling pumps/dumps + money laundering). Also, this - Edited February 9 by Ripley Link to comment Share on other sites More sharing options...
xrp-nuke Posted February 9 Share Posted February 9 (edited) 22 hours ago, Ripley said: I warned that this would happen. Whether it is "right" or "wrong" is immaterial. Per today's laws, it is easy to make the argument that proof of stake (or staking of any kind) tokens are securities because staking them gives you the right to get more "rewards", and that you are doing it in the expectation of profit, and that by staking you are contributing to the governance of the network/product - which would be the common enterprise. The SEC will tell the exchanges - either delist PoS tokens or disable staking. Now it's a matter of whether crypto lobby can get Congress to pass legislation to avoid this. Also see this - https://news.yahoo.com/crypto-exchange-kraken-under-scrutiny-215125908.html And finally the following. Let's see if/how all these pan out. Oh dear, Mr Fud is back with his prophecy You completely put it wrong way and as always create panic like world will burn by end of day Coin will not be delisted just because it has mechanics of staking. Staking as a service and staking as person its very completly different thing. Add DAO to add than its again very completly different thing. But yeah continue mislead everyone else with your wrong understanding of matter. Edited February 9 by xrp-nuke PlanK 1 Link to comment Share on other sites More sharing options...
Guest Posted February 9 Share Posted February 9 31 minutes ago, xrp-nuke said: Oh dear, Mr Fud is back with his prophecy You completely put it wrong way and as always create panic like world will burn by end of day Coin will not be delisted just because it has mechanics of staking. Staking as a service and staking as person its very completly different thing. I composed a response, but I decided it’s not worth it. I clearly said that the SEC will give an option to either delist or stop staking services. Anyway, I’m done guys. It’s getting impossible to put thoughts in. I created this account in Jan 2021 on the heels of the lawsuit. I was going to close it after the lawsuit ends, but I’m going to go ahead and do it now. I don’t have time or the patience to indulge anymore. The solution isn’t as easy as muting because others will see the responses and reach an inaccurate conclusion. We have enough of bad understanding of finance, law already in crypto. My views are on this forum and I’ve shared them honestly. No doubt I’ll be called a coward or a fudder or deluded for closing this account. Make your own decisions. The second half of this year will be particularly tough economically, across the world. Best of luck. Also, see Link to comment Share on other sites More sharing options...
JASCoder Posted February 9 Share Posted February 9 29 minutes ago, Ripley said: Anyway, I’m done guys I really hate seeing trolls get a win. Thanks for all your energy, patience, opinions and information sharing. May Zeus bless you, and protect your stacks at3n, WuWei, RipMcGillicuddy and 6 others 9 Link to comment Share on other sites More sharing options...
xrp-nuke Posted February 9 Share Posted February 9 1 hour ago, Ripley said: . I created this account in Jan 2021 on the heels of the lawsuit. I was going to close it after the lawsuit ends, but I’m going to go ahead and do it now. You be back, so no dramma please. Acting as victim is a terrible path forward. 1 hour ago, Ripley said: reach an inaccurate conclusion Like in your case, when you worried about your prophecy rather than accuracy of information you want to provide. You did not mind to explain difference between Staking as a Service provided by exchanges vs Staking as such in DeFi. 36 minutes ago, JASCoder said: really hate seeing trolls get a win I hate when thread about price and speculation for XRP price, becomes a spread of FUD about what US do next. Link to comment Share on other sites More sharing options...
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