David Schwartz Says Ripple Is Making Strategic Adjustments to Enhance XRP

[BillyOckham]

11 minutes ago, XRPage said:

It was obviously a bluff and it exploded in their faces. 

How could you conclude that after so short a time?  And how did it explode?  I don’t understand how you could come to that conclusion.

[RandyMarsh]

8 hours ago, BillyOckham said:

How could you conclude that after so short a time?  And how did it explode?  I don’t understand how you could come to that conclusion.

He can't conclude that, and he thinks he can because he is clearly foolish. 

[RandyMarsh]

On 10/29/2020 at 3:50 AM, SquaryBone said:

So basically what I said right? I mean this is CTO talk. He's not going to say outright XRP is not being adopted. I still barely see signs of real adoption yet. For clarity that was my interpretation of what he said in CTO talk.

If you need to make adjustments like from medium value transfers treasury payments to low value high volume transfers it means it was not working properly. Same here. They still need adjustments, even after all those years and according to Ripple that there was immediate demand from banks with XRP.

Don't know what's worse - your defense of your horrible OP or that two people liked it.  You made up a quote then lied and said it came from DS. Then you defend it saying that it's no big deal as they have a similar 'gist'.  You cannot frickin do that, and you are idiotic to think there is no harm in it. 

[Guest]

On 10/28/2020 at 4:51 PM, Julian_Williams said:

Could be a bluff to push the US regulators, but they made a very good point that the dispersed nature of the financial instutions across the US make it a lot harder, even if the regulators were more proactive to their needs.  My bets is that they will move, but that will not make much difference to their continuing to have their biggest offfice in California. 

I hope it's not a bluff. If the US can't provide regulatory clarity on the asset, then it is probably best for them to move the HQ to London. I know it's easier said than done, but worth it to see XRP gain more traction, increase in price and liquidity. 

The fact that bitcoin is heading towards 14,000 amazes me. Meanwhile XRP has been on the downtrend. It's unbelievable to me. I feel there has been such a push to hold the asset down. So to break from the mold, sometimes you have to do the unnecessarily unthinkable. 

 

[buh]

On 10/31/2020 at 7:53 AM, XRPage said:

It was obviously a bluff and it exploded in their faces. 

honestly I cannot see it as a bluff. If something, ripple appears to await for the US election day. If the Trump administration wins, it is clear Ripple will move out since they antecipate the next 4 years will be exactly the same towards crypto regulation. If a Biden administration goes through, likely ripple will await and see for regulatory approaches.

 

the way i see it, and without taking politial sides but just purely on a market prespecitve for ripple, it would be better honestly another 4 years of a trump administration so that ripple can get the hell off of the US regulation asap. Otherwise, even with a Biden adminstration nothing guarantees they will favorably approach crypto regulation; i am afraid ripple could remain in another 4year limbo without regulatory clarity. I guess Ripple is "banking" on a democratic win, since they have shown in the past positive views towards democratic administrations when it comes to tecnhology inovation (eg. the invitation of Bill Clinton to Swell). But again, nothing guarantees democratic sides are positive on crypto.

 

so yeah, better move to the UK, singapore, Japan, where things can quickly get done.

Edited November 1, 2020 by buh

[SquaryBone]

On 10/31/2020 at 4:28 PM, RandyMarsh said:

Don't know what's worse - your defense of your horrible OP or that two people liked it.  You made up a quote then lied and said it came from DS. Then you defend it saying that it's no big deal as they have a similar 'gist'.  You cannot frickin do that, and you are idiotic to think there is no harm in it. 

What's worse is that you take everything literally. All things are great, doing great, setting up for something great, have great fundamentals for the long term, ... So buy buy buy! Also go check the shit that some moonbois post and how many upvotes they get for it :p But that's ok of course. That's "good" news.

It's also idiotic to think that was his actual quote. Like a CTO would ever say that :p are you from another planet?

Read the article. Make up your own mind. If you want to take everything literally I don't mind. It's "frickin" remarkable how you think that what one "frickin" guy on a "frickin" forum is saying does so much harm while all the moonbois and yt channels talk crop how bullish and positive every piece of "news" is is perfectly fine.

Let the price do the talking. We're still in a downwards spiral. I'm happy I see a slight uptick on utility-scan but that's still marginal in comparison with total volume and does not align with price. Zoom out and look where we are. But any day now we go to 589 EOY 2018 of course!

[SquaryBone]

On 10/31/2020 at 7:53 AM, XRPage said:

It was obviously a bluff and it exploded in their faces. 

Remarkable how some did not see this as a bluff.

[SquaryBone]

1 hour ago, buh said:

honestly I cannot see it as a bluff. If something, ripple appears to await for the US election day. If the Trump administration wins, it is clear Ripple will move out since they antecipate the next 4 years will be exactly the same towards crypto regulation. If a Biden administration goes through, likely ripple will await and see for regulatory approaches.

 

the way i see it, and without taking politial sides but just purely on a market prespecitve for ripple, it would be better honestly another 4 years of a trump administration so that ripple can get the hell off of the US regulation asap. Otherwise, even with a Biden adminstration nothing guarantees they will favorably approach crypto regulation; i am afraid ripple could remain in another 4year limbo without regulatory clarity. I guess Ripple is "banking" on a democratic win, since they have shown in the past positive views towards democratic administrations when it comes to tecnhology inovation (eg. the invitation of Bill Clinton to Swell). But again, nothing guarantees democratic sides are positive on crypto.

 

so yeah, better move to the UK, singapore, Japan, where things can quickly get done.

What I wonder: do you move forward and take matters in your own hands or you just keep on waiting for another x years. Why would Ripple think all of a sudden the US government will speed things up for them? They just could as well do it and announce: we're going to move. No more uncertainty. Regulatory clarity. Immediate large scale adoption (as they've said this is what's holding them back). No, let's just wait for x years.

[buh]

26 minutes ago, SquaryBone said:

What I wonder: do you move forward and take matters in your own hands or you just keep on waiting for another x years. Why would Ripple think all of a sudden the US government will speed things up for them? They just could as well do it and announce: we're going to move. No more uncertainty. Regulatory clarity. Immediate large scale adoption (as they've said this is what's holding them back). No, let's just wait for x years.

Moving the HQ of a company is not something trivial to make. I am thinking that likely dissatisfaction at Ripple started early this year on the matter, but obvisouly ripple tried all their cards before going to the “nuclear” solution of moving their HQ.

 

The more you go over that subject it feels more and more that Ripple was overly optimistic that the US would eventually provide some regulatory clarity. But they were probably to complacent and passive on the matter, thinking the US entities would do it quickly. Only early this year Ripple took on a more “aggressive” course/tone and decided to “brand” bitcoin and ethereum to “chinese control”, trying obviously to pull the US in favor of Ripple and XRP. Honestly, this is one of the few things I disliked about it, there was no need for that type of branding (low point in my opinion) but also nothing gained from it.

 

Then, the nuclear option had to be triggered and my feeling tells me the  last SEC report (where BradGarlinghouse even twitted about the 6/7 types of token nomenclature) was the last drop in confidence for Ripple regarding the direction of the US towards crypto. 

 

I guess that being a US based startup, and engaged in the largest market, must not be something to take lightly to partake a decision regarding moving their HQ. It was only in the last few months that we started listening for the first time from Ripple employees about their alternative ideas towards moving. Certainly this must have been an hot internal debate for some time and only now they agreed to express their sentiment publicly. Honestly, there is nothing wrong about Ripple waiting some weeks now and decide post US election their best course. For the record, I am confident that if a Trump administration wins Ripple will move ASAP.

 

i see it as a love affairs relationship; you try your best to avoid detaching from a toxic relationship as much as you want. You deny yourself that the best is to move but you keep patiently awaiting for a change (ie, Ripple and the SEC). The change does not occur so you badmouth/deny to yourself about the obvious (ie, negative branding of bitcoin and eth as part of China control). None works so you move on to the last resort; or the partner changes or you move (ie, change Ripple HQ). 

 

Again, the worst imo is a Biden admin winning because there won’t be any guarantees of any change towards crypto US regulatory. I guess for Ripple this would be the forever/4-year negative loop of ongoing the same scrutiny. Ripple should move on and accept the defeat. Nothing wrong about it.

 

[SquaryBone]

1 hour ago, buh said:

Moving the HQ of a company is not something trivial to make. I am thinking that likely dissatisfaction at Ripple started early this year on the matter, but obvisouly ripple tried all their cards before going to the “nuclear” solution of moving their HQ.

 

The more you go over that subject it feels more and more that Ripple was overly optimistic that the US would eventually provide some regulatory clarity. But they were probably to complacent and passive on the matter, thinking the US entities would do it quickly. Only early this year Ripple took on a more “aggressive” course/tone and decided to “brand” bitcoin and ethereum to “chinese control”, trying obviously to pull the US in favor of Ripple and XRP. Honestly, this is one of the few things I disliked about it, there was no need for that type of branding (low point in my opinion) but also nothing gained from it.

 

Then, the nuclear option had to be triggered and my feeling tells me the  last SEC report (where BradGarlinghouse even twitted about the 6/7 types of token nomenclature) was the last drop in confidence for Ripple regarding the direction of the US towards crypto. 

 

I guess that being a US based startup, and engaged in the largest market, must not be something to take lightly to partake a decision regarding moving their HQ. It was only in the last few months that we started listening for the first time from Ripple employees about their alternative ideas towards moving. Certainly this must have been an hot internal debate for some time and only now they agreed to express their sentiment publicly. Honestly, there is nothing wrong about Ripple waiting some weeks now and decide post US election their best course. For the record, I am confident that if a Trump administration wins Ripple will move ASAP.

 

i see it as a love affairs relationship; you try your best to avoid detaching from a toxic relationship as much as you want. You deny yourself that the best is to move but you keep patiently awaiting for a change (ie, Ripple and the SEC). The change does not occur so you badmouth/deny to yourself about the obvious (ie, negative branding of bitcoin and eth as part of China control). None works so you move on to the last resort; or the partner changes or you move (ie, change Ripple HQ). 

 

Again, the worst imo is a Biden admin winning because there won’t be any guarantees of any change towards crypto US regulatory. I guess for Ripple this would be the forever/4-year negative loop of ongoing the same scrutiny. Ripple should move on and accept the defeat. Nothing wrong about it.

 

I see that your thoughts are largely the same as mine. And to me moving sounds like nuclear too. That's why I call it a bluff.
Whatever the outcome of the elections will be is irrelevant IMHO. Both are the worst of the worst and work for corporate America and not "for the people".
IIRC the SEC said there weren't going to be any statements like: "XRP is a (non-)security". So I doubt they were waiting for that. They are waiting for new legislation and that always takes an awful long amount of time (years).

To me Ripple moving is admitting defeat. Like they have been waiting for all this time but couldn't get the desired outcome and they have another setback and are loosing hope. The threat of moving is like a kid wildly swinging its arms around because it doesn't get what it wants. And indeed the tune has certainly changed with the "Chinese bitcoin", ... To me that rhetoric sounds like a bitter company not being able to make progress.
There were x new corridors that would be started this year. I still don't see them move any value XRP-wise.

I'm not saying it still can't happen but the longer it takes them to build liquidity and that other projects can come up to speed the less likely.

[RandyMarsh]

3 hours ago, SquaryBone said:

What's worse is that you take everything literally.

Sorry, stopped reading after eight words. Learn how to use quotation marks. Read the article and quote him properly rather than creating misinformation... seems easy to me.  This is exactly as bad as what you and the little 'Let er Rip' squad like to crucify 'moon boys' for doing. 

[buh]

6 hours ago, SquaryBone said:

I see that your thoughts are largely the same as mine. And to me moving sounds like nuclear too. That's why I call it a bluff.
Whatever the outcome of the elections will be is irrelevant IMHO. Both are the worst of the worst and work for corporate America and not "for the people".
IIRC the SEC said there weren't going to be any statements like: "XRP is a (non-)security". So I doubt they were waiting for that. They are waiting for new legislation and that always takes an awful long amount of time (years).

To me Ripple moving is admitting defeat. Like they have been waiting for all this time but couldn't get the desired outcome and they have another setback and are loosing hope. The threat of moving is like a kid wildly swinging its arms around because it doesn't get what it wants. And indeed the tune has certainly changed with the "Chinese bitcoin", ... To me that rhetoric sounds like a bitter company not being able to make progress.
There were x new corridors that would be started this year. I still don't see them move any value XRP-wise.

I'm not saying it still can't happen but the longer it takes them to build liquidity and that other projects can come up to speed the less likely.

agreed, we do share mostly the same thoughts and just disagree regarding the bluff. But no big deal here, or we will know it soon or not ever. ripple moving is definitely a defeat but one that should take it to chest and learn from it. Defeats and losses happen constantly in life, either we learn from it or we don't. Worst case scenario is Ripple not learning from it and still wanting to remain in the US legislation, and continue the same old-for the next 4 or 8years.

 

hopefully not, but this is just wishiful thinking from my behalf.

[SquaryBone]

10 hours ago, RandyMarsh said:

Sorry, stopped reading after eight words. Learn how to use quotation marks. Read the article and quote him properly rather than creating misinformation... seems easy to me.  This is exactly as bad as what you and the little 'Let er Rip' squad like to crucify 'moon boys' for doing. 

You can stop reading altogether since comprehension is not your strong point, so why bother?

[SquaryBone]

4 hours ago, buh said:

agreed, we do share mostly the same thoughts and just disagree regarding the bluff. But no big deal here, or we will know it soon or not ever. ripple moving is definitely a defeat but one that should take it to chest and learn from it. Defeats and losses happen constantly in life, either we learn from it or we don't. Worst case scenario is Ripple not learning from it and still wanting to remain in the US legislation, and continue the same old-for the next 4 or 8years.

 

hopefully not, but this is just wishiful thinking from my behalf.

I'm happy that Ripple keeps on trying. That's what you have to do as a company. But this is a competitive market. At one point you had one too many hits. Let's hope that's not the case.

[buh]

On 11/2/2020 at 8:58 AM, SquaryBone said:

I'm happy that Ripple keeps on trying. That's what you have to do as a company. But this is a competitive market. At one point you had one too many hits. Let's hope that's not the case.

I guess with now a Biden administration in view, then i have to concede to you that this was all a “bluff”.

 

now the worst of possibilities, 4 more years of uncertainty for Ripple while waiting in Limbo for someone throwing a bone to them when it comes to regulatory clarity.