Popular Post cmbartley 4,283 Posted February 21 Popular Post Share Posted February 21 thinlyspread, NightJanitor, brianwalden and 10 others 7 6 Link to post Share on other sites
solid102 451 Posted February 21 Share Posted February 21 Reading the hate coming from BTC maxis under that tweet makes me oh so more secure about my XRP bag FOOD, cannylad and Gepster 2 1 Link to post Share on other sites
mrhat75 1,276 Posted February 21 Share Posted February 21 3 minutes ago, solid102 said: Reading the hate coming from BTC maxis under that tweet makes me oh so more secure about my XRP bag Bitcoin maxis are lucky that their slow, expensive, useless shitcoin continues to defy all logic. Hopefully their day will come CrypToe, FOOD and XRPage 1 2 Link to post Share on other sites
FOOD 7,334 Posted February 21 Share Posted February 21 It's bizarre, all the negative comments... I think we've come to a point where the BTC lazer-eyed, maximalizm and tribal pandering outweighs XRP hopium 50-1... The brown stain is DISDAIN. Link to post Share on other sites
bx549 197 Posted February 21 Share Posted February 21 58 minutes ago, solid102 said: Reading the hate coming from BTC maxis under that tweet makes me oh so more secure about my XRP bag I never fully understood the tribalism. I mean, it's not political, so it must be finanical. That is, they have money invested in a coin. Can you imagine if everything was like that? Like, "I drive a Ford because the model T was the first real production car. Your Toyota shitcar is a scam." 7strings, aavkk, AsYouWere and 2 others 4 1 Link to post Share on other sites
RobertHarpool 1,098 Posted February 22 Share Posted February 22 "You may be a maximalist about Bitcoin while others are maximalist about Wyoming. Throwing shade because we successfully recruited a business that you don't like is weak sauce." - State Policy Director for U.S. Senator-elect Cynthia Lummis Seoulite, Babelly and aavkk 3 Link to post Share on other sites
RobertHarpool 1,098 Posted February 22 Share Posted February 22 The biggest question is: What do you think Ripple intends to do with a Wyoming State Banking license? (I assume that's their end game). Link to post Share on other sites
Seoulite 1,977 Posted February 22 Share Posted February 22 6 hours ago, bx549 said: I never fully understood the tribalism. I mean, it's not political, so it must be finanical. That is, they have money invested in a coin. Can you imagine if everything was like that? Like, "I drive a Ford because the model T was the first real production car. Your Toyota shitcar is a scam." Dude, you stream from Spotify? The original iPod is the only legit way to listen to music man. It can fit 1000 songs, and each mp3 only costs .99 cents to download! After you download you get to keep it forever! That's such a bargain man. Spotify is just a scam. aavkk and bx549 1 1 Link to post Share on other sites
RobertHarpool 1,098 Posted February 22 Share Posted February 22 (edited) Did you know that Wyoming has passed numerous laws defining crypto? I think we all knew about the banking license thingy, but there's a lot going on there. THIS is a fascinating read in Forbes entitled "What Do Wyoming's 13 New Blockchain Laws Mean?". It will give you all kinds of insights into what Ripple is up to with this move .... faAaAaAaAarrr broader than a state banking license. Very cool :-) Edited February 22 by RobertHarpool Rutski, JASCoder, panmores and 1 other 3 1 Link to post Share on other sites
thinlyspread 3,480 Posted February 22 Share Posted February 22 10 hours ago, RobertHarpool said: It will give you all kinds of insights into what Ripple is up to with this move .... faAaAaAaAarrr broader than a state banking license. My first (totally uneducated pulling it out of my butt) speculation was that it's CYA (cover your ass) regarding the SEC lawsuit and trying to get ahead of any possible outcomes or settlement conditions, such as Ripple being unable to distribute XRP (or securities, deals, swaps, whatever) unless they have legal authority like a bank licence. But I think this is a long-shot. More likely I think it's tax related. Link to post Share on other sites
thinlyspread 3,480 Posted February 22 Share Posted February 22 (edited) 10 hours ago, RobertHarpool said: THIS is a fascinating read in Forbes entitled "What Do Wyoming's 13 New Blockchain Laws Mean?". That IS interesting! Nice one. Quote Creates a fintech sandbox to provide regulatory relief to financial innovators from existing laws for up to 3 years. It’s broadly reciprocal with fintech sandboxes both in the US and globally Hmmm! Quote HOW ARE THE TAXES IN WYOMING? Basically, there are none at the state level—in most cases! In the US, federal taxes are distinct from state taxes and federal taxes apply to every American—but Wyoming can (and does) offer what’s probably the friendliest state tax regime. Wyoming often comes up #1 on surveys of the best states for tax purposes. At the state level, Wyoming has no personal income tax, no corporate income tax, and almost none of the other “gotcha” taxes that frequently hit businesses domiciled in other US states Wow. Quote Third, it makes security interests in digital assets “possessory security interests,” which means Wyoming law applies as long as the assets are, under this law, “located in” Wyoming—and the law makes it very easy to “locate” the digital assets in Wyoming. Possessory security interests have priority over other types of security interests. (For this reason alone, I suspect most coin lending and prime brokerage businesses will want to domicile in Wyoming.) ... Wyoming’s money transmitter law exempts crypto-to-crypto transactions, effective as of last year. Many lawyers worry that Lightning Network transactions may run afoul of money transmitter laws. Well, not in Wyoming (#probably!—check with your lawyer!) At least three other states that I know of have either enacted, or are in process of enacting, Wyoming’s same money transmitter exemption for crypto-to-crypto transactions. I mean wow. Edited February 22 by thinlyspread Rutski 1 Link to post Share on other sites
henne111 60 Posted February 22 Share Posted February 22 I believe that from Ripple to founding Ripple Markets WY LLC in Wyoming is a very smart move. CEO Brad Garlinghouse has stated time and again that they are unhappy with the apparent lack of regulatory clarity regarding crypto and blockchain in the US. In my opinion, Ripple will not move its headquarters to crypto-friendly Wyoming. Rather, I see Ripple outside of the US. https://www.crypto-news-flash.com/facing-sec-lawsuit-ripple-made-smart-move-by-registering-in-wyoming-attorney-says/ Link to post Share on other sites
RobertHarpool 1,098 Posted February 22 Share Posted February 22 4 hours ago, thinlyspread said: My first (totally uneducated pulling it out of my butt) speculation was that it's CYA (cover your ass) regarding the SEC lawsuit and trying to get ahead of any possible outcomes or settlement conditions, such as Ripple being unable to distribute XRP (or securities, deals, swaps, whatever) unless they have legal authority like a bank licence. But I think this is a long-shot. More likely I think it's tax related. After banking, my second take was a CYA ... But, as you saw from taking a deeper dive into the article, there are many things going on ... Rutski 1 Link to post Share on other sites
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