Stellar Foundation Eyes Potential Acquisition of MoneyGram: Report

[RikkiTikki_is_Back]

Jed is like the 007 of the crypto world. "well played Chess move, well played Jed Indeed!! If you don't have any stellar you better get some because this man  definitely is owed some favors from the US Government!!  Could be just wild ass speculation on my part but I really don't understand with Mt.Gox and now Ripple, how this guy is like one of the untouchables!! Typically in the crime world if your untouchable your working both sides of the fence in some way or form.  I said it before the case against Ripple is as long as the information Jed provided, that's why it gets weaker as you get further away from his departure.  He always manages to distance himself just in time.  He's out at Ripple in 2013 but the SEC strategically focuses on 2015 forward???? Coincidence??? I think Not!!!!  This could also be competition taking advantage of where you screwed up at too, but something doesn't smell right!!

 

https://finance.yahoo.com/news/stellar-foundation-eyes-potential-acquisition-231710050.html

Edited July 22, 2021 by RikkiTikki_is_Back

[HAL1000]

If you're at a party and Jed is there, leave when he does

[Julian_Williams]

ironic that he spends all that money he got from selling his XRP stock buying out Moneygram

[RipMcGillicuddy]

Jed got one of the biggest hush money payouts in history, certainly the biggest we'll likely see in crypto for a while. An early stage startup (one he was involved a great deal in to be fair) effectively paid him a billion dollars to get out and keep his mouth shut about something. Not that worried about Jed. If David Schwartz and Britto had left the company, that would've sunk Ripple I bet. They're doing fine without Jed (and the other likely snitch Tiff Hayden). 

Look at the Board of Directors again if you need to remind yourself. Look at who the Chief Economist at Ripple is. 

[brianwalden]

1 hour ago, RipMcGillicuddy said:

Jed got one of the biggest hush money payouts in history, certainly the biggest we'll likely see in crypto for a while. An early stage startup (one he was involved a great deal in to be fair) effectively paid him a billion dollars to get out and keep his mouth shut about something. Not that worried about Jed. If David Schwartz and Britto had left the company, that would've sunk Ripple I bet. They're doing fine without Jed (and the other likely snitch Tiff Hayden). 

Look at the Board of Directors again if you need to remind yourself. Look at who the Chief Economist at Ripple is. 

What did Ripple pay Jed? It's his own money. They got him to agree to the lockup instead of having him sell all at once and tank the market.

Personally, looking back at it, they should have just let him sell.

[peanut56]

Nothing like a not for profit foundation trying to buy a for profit corporation. IDK seems a little shady. Or maybe Stellar is just like will do what ever ripple is doing, but six months to a year, but before that say we will not.

[Guest]

Wow. Talk about trying to out maneuver Ripple. 

Sly fox indeed. But trying to out maneuver and sink your competition like this is bad karma. 

If he was an informant, double bad karma lol.

If I were Ripple, I'd be in stealth mode now. I wouldn't trust anyone, and I wouldn't put too much emphasis on employees who are involved with outspoken critics of said company.

There are people out there who think they are speaking of truths and care for humanity, when they are filled with poison. 

[HAL1000]

Ripple / Moneygram split - due to legal issues with XRP, Jed sells more XRP than anyone and uses some of this financial gain to acquire Moneygram?????????????

What's wrong with this picture!

[macropolo]

59 minutes ago, Cambridge said:

Wow. Talk about trying to out maneuver Ripple. 

Sly fox indeed. But trying to out maneuver and sink your competition like this is bad karma. 

If he was an informant, double bad karma lol.

If I were Ripple, I'd be in stealth mode now. I wouldn't trust anyone, and I wouldn't put too much emphasis on employees who are involved with outspoken critics of said company.

There are people out there who think they are speaking of truths and care for humanity, when they are filled with poison. 

Stellar also already has a CBDC contract with Ukraine. 

I'm not sure why Ripple didn't go down the road of owning or funding a remittance company.  It always seemed like they built this wonderful decentralized ledger and just set it loose without any sails.  It's like, "Hey , we have this technology that lets people send each other money without any centralized intermediaries.  Lets get the remittance companies to use it.  If it really takes off in 10-15 years no one will need them anymore.  Isn't that great.  Remittance companies?"

Maybe there were securities implications they wanted to avoid, but we've hit those rocks anyways, so why not go all in?

 

[RikkiTikki_is_Back]

 

 

 

 

1 hour ago, peanut56 said:

Nothing like a not for profit foundation trying to buy a for profit corporation. IDK seems a little shady. Or maybe Stellar is just like will do what ever ripple is doing, but six months to a year, but before that say we will not.

Personally I believe Jed was advised by Government resources to make Stellar a non profit as this would help him skate around a lot of regulation scrutiny for profits have to face. I believe he's been working hand and hand with the Government since Mt. Gox.  Unless that Leprechaun hopped off that box of Lucky Charms and granted him the ability to be at the forefront of some prominent legal skirmishes in this space but always able to get out just in time, I can't buy it being just a coincidence that the government tends to go around or not even pursue talking to this man.  He is a common denominator here!! He is selling XRP when even the exchanges have backed out of doing it for fear of ramifications!!!  This man has some type of immunity going on.

[thinlyspread]

20 hours ago, RikkiTikki_is_Back said:

Personally I believe Jed was advised by Government resources to make Stellar a non profit as this would help him skate around a lot of regulation scrutiny for profits have to face.

It's a good point. I thought at the time, when Stellar Foundation burnt their tokens, that it was... strange. I didn't buy that it was for tokenomics/community reasons. I would tend to agree with you, given the extremely suspicious behaviour by SEC officials, Jed, et al, that there was some back and forth, or coordination in some way. 

Probably given the legal and regulatory risks, maybe even threats, from the SEC, Stellar capitulated (and perhaps Jed was even providing useful information on Ripple etc) and thus burned their tokens to remove that risk. 

[RipMcGillicuddy]

This is all likely NSA protected to some extent if we're being honest. Jed seems somewhat invincible. Arthur Britto is unnamed and completely anonymous. Do we even know how much XRP was gifted to him? If it was gifted to him, we don't know if he's ever sold it? These things seem to be uncovered quite easily with blockchain, but somehow not with him. 

And trust me, I am intrigued in the best ways possible around his anonymity and the origins of all this stuff. It does not turn me off in any way. 

I believe BTC and then XRPL and probably a few other things could be traced back to NSA or something like that. Not that they ever will be. 

[solid102]

22 hours ago, macropolo said:

Stellar also already has a CBDC contract with Ukraine. 

I'm not sure why Ripple didn't go down the road of owning or funding a remittance company.  It always seemed like they built this wonderful decentralized ledger and just set it loose without any sails.  It's like, "Hey , we have this technology that lets people send each other money without any centralized intermediaries.  Lets get the remittance companies to use it.  If it really takes off in 10-15 years no one will need them anymore.  Isn't that great.  Remittance companies?"

Maybe there were securities implications they wanted to avoid, but we've hit those rocks anyways, so why not go all in?

 

That is not Ripples business plan as you buying a remittance company is really stupid and counter intuitive to Ripples goal. Allow me to explain:

 

When you own the company that means you are now no longer a neutral party providing solutions to all but you are part of the competition. So now if Stellar owns MoneyGram why would Western Union want to use a software from a company that is your competitor? Why would any banks or financial institutes want to use your software? You will end up placing your company in a corner where the only choice is to make MoneyGram as successful as possible and hoping the competition don't catch up or plain out drive you out of business.

[macropolo]

3 hours ago, solid102 said:

That is not Ripples business plan as you buying a remittance company is really stupid and counter intuitive to Ripples goal. Allow me to explain:

 

When you own the company that means you are now no longer a neutral party providing solutions to all but you are part of the competition. So now if Stellar owns MoneyGram why would Western Union want to use a software from a company that is your competitor? Why would any banks or financial institutes want to use your software? You will end up placing your company in a corner where the only choice is to make MoneyGram as successful as possible and hoping the competition don't catch up or plain out drive you out of business.

The way I see it - distributed ledgers are the competition.  Wrapping them up in a nice package for big players to use and pretending to be neutral isn't going to change the way legacy money transfer services look at us.  Hypothetically, if cryptocurrencies like XRP, BTC, XLM, become widely used enough that banks simply let you do direct deposits, why go through an intermediary at all?  Or even why have a bank account for that matter?

[gamblin310]

I wonder if Moneygram is happy that Jed(?) apparently leaked this information. The reports just say that Stellar/Advent offered to buy Moneygram, not that there is an active negotiation. Sounds like Moneygram hasn't even responded yet.

Jed has always struck me as someone who is extremely intelligent but lacks the ability to deal with others effectively.