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XRP getting wrecked is the best thing to happen to crypto in a while.
>>25273653True. The 3rd place is openThis is the year of the Sergey
>>25273653what a scam
>>25273653Xrp holders losing money makes me happy
>>25273653They are still coping in their general.
I have conflicted feelings, how did such an obvious scam last this long? And why did it take a fucking regulatory agency to achieve it? What does this say about crypto as a whole?
>>25273653$5 says that the schizo and Q anon tier cult movement was bought paid and organized by Ripple themselves
>>25273682I don't wish financial ill on anyone but the actual scammers at Ripple.Although honestly Ripple was so blatant with their scammy coin shilling that everyone should've caught on long ago.I mean, the quote in OP was posted publicly on Reddit ffs.How many warning signs do you need?
>>25273711Probably. I refuse to believe for example the OOOOO posters are anything else then bots or paid shills.
>>25273653A gift from god.
>>25273691destroying xrp will make way for cbdcs
I love all these NPC talks. Makes me want to load my bag more.
>>25273691Jews + retarded amerishitgoysAn iconic match made in heaven
>>25273744this... I'm doing my part to help my fellow ripplechads help our leaders like David Schwartz.. We have to prove their is demand despite the SEC trying to help China/Bitcoin by harming its only real competitor
>>25273653AHAHAHA
>>25273653
>>25273784that's the worst thing about all this, Chainlink confirmed they'll dump LINK back to 4.80
>>25273886sauce?
>>25273673Linkies are the next getting screwed by the SEC
>>25273653With jews, you lose
>>25273691It means we have a lot of dumb money in the market. They'll eventually fold but there will be huge price swings because of that. If there was only smart people in Bitcoin, the price would never drop
>>25274158No.
>>25273691Christianity has been running for thousands of years people are retarded and fall for the most retarded narratives all the time.
>>25274261Yeah haha, fucking retarded fucking Christians.
>>25274261
>>25274287Europeans would have built these things under any religion they chose to believe in.
>>25274294Here come the schizoids with Jewish names, believing in Jewish lore and praising Jewish saints, with a belief system based on the writings of Jews and a holy land in the middle east, but calling me a Jew and also Jews are bad.You're exemplifying my point.
>>25274261>Christians build civilization>man these people are retarded>the state of atheist intellectuals these days is proof we'd be living in star trek utopia by now without them
>>25274312You're probably not wrong, but Europe only became Europe due to Christianity.Europe and European countries were unified in the name of Christ under the Frankish kings and emperors, starting with Clovis I, who famously converted to Catholicism.
>>25274332I'm not even a Christian but literally 95% of the people I've seen attacking Christianity are filthy jewsthe remaining 5% are LARPing pagansdon't tell me you're a larping pagan anon
>>25274158Cope
>>25274400Tbh it's true
>>25274377Thats because you're American and your country is full of uneducated, obese, drones
>>25274428It's literally not, see >>25274218
>>25274174This
>>25273653The funny thing is hit any normie page, hell even on biz xrp holders are still fucking delusional claiming the sec is going after the tall poppy. Lmao They're literal scammers this was warned years a go when they premined the entirety of xrp and started dumping it on idiots like clockwork, they literally always dumped as soon as they were legally allowed to and always for the maximum amount lmao Like how fucking braindead you have to be to the see the directors board selling the entirety of their allocation as soon as they can and think hmm this is going far. ?????????? Fucking imbeciles, the sec had to intervene because xrp investors are literally braindead. No pity I hope you all go broke.
>>25274428Oh the xrp seething!!! Seeth child seeth
>>25273711They are the qtards of crypto
>>25274158Imagine being this low iq Fuck man are xrp holders the bottom tier of crypto?
>>25273682I feel kinda bad for them. Most of them are just clueless brainlets.
>>25274579They are. DOGE has a higher ROI than XRP. A literal meme coin is a wiser financial decision than XRP. A meme.
>>25274590>Most of them are just clueless brainlets.So were OneCoiners. The religious fervor and lack of perspective is shocking. I don't wish any ill on investors, but sometimes the forest needs a cleansing fire in order to grow.
>>25273729People have been posting “OOOOOO” for years for all cryptos. Are you new?
>>25274377Funny that Christianity is quite literally a Jewish invention. Paul was a Jew. All of the lore is about Jews. If you say Europe owes a lot to Christianity, you say Europe owes a lot to Jews.>>25274366Greeks, Romans, Northeren tribes, none of those were Christian at first and they already shaped Europe. Europe was never unified under Christianity not a decade went by without war between some factions.
Kek, these dump shillers try to burn this thread, don’t believe in this shit everyone knows that top Rebase protocol with low MC is xETH-GFollow this one $xETH-G!!!!
>>25274500>>25274590I have zero (0) sympathy for them. They are the nogs of crypto, never shut the fuck up when other people are discussing crypto, obnoxious and stupid.They deserve to lose their money. Everything was shown to them, every opportunity to see that it's a scam shitcoin presented. They are too retarded though.XRP holders deserve to lose every penny they put into XRP. Every last one.
finally it comes true. BTC ETH LINK top 3
>>25274625>Greeks, Romans, Northeren tribes, none of those were Christian at first and they already shaped Europe.I mean modern Europe.Modern Europe was shaped by France, Germany, and England; and they owe their very existence to the Christian Franks.>Funny that Christianity is quite literally a Jewish invention.It was pretty much an anti-Jewish invention.Not just on the general principles, but also the money meme, with Jesus chasing the money changers out of the temple.The Jews hated his guts.
>>25274683>It was pretty much an anti-Jewish invention.So a religion which holy scripture is about Jewish history, Jewish prophets and their God, with a holy land in Israel, and the main figure being a Jew himself, with a holy book written by Jews, and the first evangelists (Paul) being Jews, is anti-Jewish.Ok anon, good luck with that cognitive dissonance. Guess XRP is the choice for you.
>>25274739It was so anti-Jewish that the Jewish establishment of the time had the guy killed.
I love when normie females charge in on a high horse to wreck high iq fags for saying obvious things that they arent allowed to say according to the fascists who believe as Klaus put it "everything is illegal unless explicitly stated legal" in the 4th industrial revolution book
>>25273653lmao bitconneeeeeeect
>>25274676Exactly. You try to spoonfeed this idiots and they'll spit it in your face. Fuck em.
>>25273653The data told me to load up at 54c, so I did
>>25274625Nothing makes Jews seethe more than Christ. Literally the only thing modern Jews have in common is the denial of Christ. They worship themselves.
Why did the sec target xrp when we know that every project in the space is dumping on investors hard?
>>25273668LiteCoin will pass it very shortly as it's going ACKSHLEE.
>>25274964Simply "dumping" on buyers means very little.Selling items is the generally the whole point of a business.The reason the SEC is going after Ripple is because it's a security, not a utility currency.And the reason the SEC says it's a security, is because Ripple made buyers believe the price of the token would go up in the future.See the Howey test: >>25274218Of course, egregious selling only makes things worse, but it's only secondary.
>>25275091Prove it.
>>25275091SOLELYNUMBER FOURSOLELYOLELYBrainlets (and women) miss qualifiers every time.I'm a long hold and have no concerns.
>>25275192>Prove it.Literally the point of the lawsuit. They will. The evidence the SEC has already announced is damning.
>>25274218Read number four there mate.Are you a woman that can't read or process qualifiers?When I say things like "If this...then that" and the person says BUT THAT DIDN'T HAPPEN.Brainlet or woman has been detected.They missed the "IF".You have missed the SOLELY qualifier.This is easy to beat back."Solely" has a specific definition and if there is ANY other reason then it passes the test and is not a Security.ANY OTHE REASON.
>>25275222Checked.See here >>25275210 and here >>25275245 my female brainlet fren.
>>25274158Yep. 99% of all ERC20 tokens will get fucked by SEC. That's why they are all dumping with XRP.
It might have a wild ride like Bitconnect when it bounced few times even when everyone knew it's a scam.Thinking about throwing a few hundred when it hits bottom in hopes it does those 30-50% bounces in its final death throes.
>>25274625Shut the fuck up you retarded mutt pagan larper, how about you stick to sucking Disney's Marvel cock instead of talking about things you have no idea about.
>>25275391Ok my guy, go buy more ripple Q is flipping the switch soon and Jesus will come down from the heavens as well to suddenly make you not a miserable loser anymore.
Obvious bankers play to buy in cheap insert fire emoji rocket ship
>>25275452Imagine being such a paranoid mutt larper, how about you kneel some more to your nigger Thor god. XRP is a scam, Qtards belong in the same gas chamber as you pagan shitstains and BTC is the only thing that matters.
>>25275245How does Ripple not check number four?Number four is only unchecked if the investor is also expected to put in effort so it's not a payment contract.
>>25275592What does the word "SOLELY" mean mate?It means that even if what you said is true...if there is ANY OTHER REASON...then it's not a security.It could be 99.99% for the reason you are saying. The .01% means that the SOLELY part fails.Language is the most important thing in law.They will focus on SOLELY and win.I have some XRP, not enough to matter to me one way or the other, full disclosure.
>>25274619I saw an interview with Onecoin npc. They were like rabid zombies. Completely devoid of independent thought and denying all facts until it was too late. Like a cult.
>>25275592>investor is also expected to put in effort>what is /xsg/?ANY OTHER REASON.
>>25275662>Like a cult.Cognitive dissonance is bad enough, but when it's coupled with hope (and greed), it's lethal. Some of these XRP YouTube videos sound a lot like cult brainwashing. How do you deprogram someone from that kind of self destructive false belief? Some of the XRP shills make Flat Earthers sound reasonable.
>>25275723It takes way too long to deprogram a single one with a huge effort. The entire group can only come to their senses after it's over and they realize their money is 100% gone, some are still delusional for a time and believe in a magic comeback, sometimes even get scammed more by imposters and spinoffs.
CRipples are deluded retards. I get it that there is some Hopium addicts when it comes to real projects like BTC and ETH, but rippletards are a very special kind of short-bus drooling imbecile. These noobs never bother to understand one of the most basic metrics: market cap as a tool for comparing relative crypto value. They focus on per unit price, and high number of tokens they own. No amount of convincing has worked and now I’m not sad that these lazy bedwetters are getting rekt.
>>25275847I think you're right. And to do that, you probably have to separate them from the mutual reinforcement they get from the group, which is pretty much impossible in our always online age.
>>25275210>>25275245"Solely from the efforts of the promoter or a third party" refers to the fact that the XRP token price goes up due to the efforts of Ripple (price manipulations, project development, ...).This is exactly what Ripple promised.
>>25275850>They focus on per unit price, and high number of tokens they ownLiterally no one does this.I am not an XRP fanatic, but I do peruse the schizo threads.Nothing you said here is ANYTHING they talk about.It's fine for you to think XRP is garbage and maybe it is. But what drives people to just spout off about bullshit?
Honestly, i only have 1k xerpies, so its about 250 euro i invested in this out of pure schizo curiosity. If it booms, cool shit. If it goes to 0, thats alright too. At least I’ll own a piece of scam history on my ledger.
>>25275944Irl normies m80s not the ones who at least have the sense to peek at biz.
>>25273777Checked. Living proof you are in a cult bro. You are going down with your comrades, you are fighting for your leaders. Lmao please wake up man it’s time to leave
>>25275911If you look at xrp shill videos on youtube the comments are full of cultists patting each other on the back and magnifying mutual reinforcement to a degree any rational man would deem impossible.
>>25275926No. It's not.You still are using SOLELY wrong.Ripple the company did no such thing.And even the comments of Scwartz don't claim this is their SOLE reason.Legalese is written very specifically for a reason.I am fine with waiting and seeing.But I have a hard time believing they can prove the SOLELY portion. Which means it fails.
>>25273777China vs Jews: the epic battle for the soul of crypto
>>25276058Are you fucking retarded?The "solely" refers to the distinction between holders making money by using the utility token and holders making money because Ripple made sure the price went up.See pic, the SEC complaint against Ripple literally adheres to the Howey test word for word.
>>25273653So the founders got paid, the government will get paid for the settlement, and like always the ones who are cucked are the people.
>>25276165>the SEC complaint against Ripple literally adheres to the Howey test word for wordAnd that makes it so?Really?This is like me saying "9/11 was an inside job" and then you point me to the 9/11 Report and therefore I'm wrong.Even in your own pic related the SEC doesn't use the word "solely".These are two different things.Learn to parse language.
>>25276056I guess it's just the human condition. Media has been conditioning people to believe in all sorts of bullshit for decades. 2 months salary for a diamond ring, put off enjoying your life until you're 65. Buy as much house as you can afford with a 30 year note, etc. Maybe I'm just too cynical.
>>25276165>See pic, the SEC complaint against Ripple literally adheres to the Howey test word for word.Lawfag here, that's how they teach us to write our court filings. It's literally first week Legal Writing class. That doesn't mean the test is being applied correctly.Not defending them, just pointing out reality. Personally I'm a BTC maximalist.
>>25275944You wanted an honest answer and you got one, immediately discarding everything negative and only wishing to hear positive replies so you can feel at ease about your worthless hold, like the pathetic newfag cultist you areThere's a reason /biz/ hates you, there's a reason you subhumans made yourself your own general to spread your illness in (remember that not even chainlink had daily generals like this)There's a reason why XRP is regarded as the newfag coin.But keep holding this trash to zero like the cultist you are, 2K EOY right? Not even 6 days left and you're still at 25 centsBut that's just me, have fun bagholding to zero anon, I'm sure the Jews at ripple dindu nuffin!
>>25274212If there was only smart money in crypto the BTC dominance would be 90%.
>>25276214>And that makes it so?It makes the complaint so, yes.And as you can see for yourself in just the few examples here: >>25274218there's more than enough evidence of Ripple leading people to expect profits just from holding, because they (Ripple) would make the necessary efforts.>>25276238>Lawfag here, that's how they teach us to write our court filings. It's literally first week Legal Writing class. Whoa, they teach you to write your court filings by referring to things like case law???Who knew?????>doesn't mean the test is being applied correctly.We can see for ourselves that it is.See the couple of examples here: >>25274218there's more than enough evidence of Ripple leading people to expect profits just from holding, because they (Ripple) would make the necessary efforts.
>>25273653This is a reminder to never trust a Jew. These people have no problem fucking you over because they see you as dumb cattle.
Imagine being such a anti property marxist to come after any company who says "Im trying to build value". Any farmer. Someday marxists may just go anti prolatariat and say any person seeking higher wages.
>>25273886They don't discuss price dumb cRipple nigger. Come up with better FUD
>>25275944>Ripple doesn't focus on token priceAre you having some kind of stroke?
>>25276256See...why are the non stop, rambling rants, against XRP that aren't rooted in any sort of reality?I have probably .002% of my wealth in XRP. I don't care too much. I am intrigued by world finance.Everything you said is based on basically nothing as far as I can see.>you wanted an honest answerI didn't ask you a question. The other guy I actually asked the question to answered reasonably and said he hear normies say this stuff. I literally NEVER talk to normies, so maybe.You on the other hand are back to rambling about things I've never heard or seen any XRP holder do or say.Yet you go on and on and on and on.It is a very weird phenomenon.I have been around since BTC was $2. I was actually buying and selling with BTC.My online business has accepted BTC since 2014 (with basically ZERO takers btw).I'm not new by any measure.I just see a weird thing going on and comment.Why do you INSIST on a rambling, incoherent, basically made up version of XRP holders?
>>25276335Companies can say "I'm trying to build value", but then they have to correctly register the asset as a security, not pretend it's a utility currency.
What should I put my proceeds in from shorting?
>>25275944>Literally no one does this.I agree with you, anon, but I have heard things like - normal people are lucky to be able to buy this because it's meant for institutions and we're getting in early, and people rationalizing the token market dumps. It seems like only people who don't grok the reason decentralized crypto is important are falling into this mental trap, and that's sad. They seem to think they're getting a leg up on banks who will have to buy tokens from them at higher prices and that's just not likely to be true. Institutions are actually buying Bitcoin now at market prices, but XRP holders seem to think that's going to happen to their coin also - with no evidence to show that's true.
>>25276362SOLELYJesus Christ is this forum filled with women?I thought I was talking to men who understood language.They can do what you are saying ALL THEY WANT if there are OTHER REASONS TOO.
>>25276394Meaning its an obvious conclusion for anyone non midwit status to piece together that an unprintable token being worked on to expand its own capabilities is reasonably seen to go up in value, not to mention ripple is the currency, not the company.
>>25276414>with no evidenceI'd say there is at least some indication that the Ripple crowd is in with the banks.This seems a BIT disinegenuous.Although what they say is "proof" is far from actual proof.I think the BTC people are just as blind. The US is going to outlaw BTC eventually. It's too involved and infiltrated by the CCP.BTC for sure a better bet at this point in time.My understanding is not that they don't "get" what decentralized is all about.It's that they think the winner, because of TPTB, will not be decentralized.I don't hear them claiming it's a crypto. I hear them claiming it will go up because it's not.It just bugs me that so many people are willing to go over the top into the entirely made up BS against XRP.Basically the anti XRP people are actually in more of lala land than the XRP people imo.I'm a XTZ and ALGO staker. So I'm not too concerned. But these trends interest me.Why does the irrational hate come from?Why not base the hate on REALITY?The schizos and haters are two sides of the same coin.
>>25276435The phrasing is "expect profits solely from the efforts of others".There can be other profits, there just can't be any promises of profits that are entirely due to the efforts of the promoter/third party.The original Howey case referred to fruit tree groves. Obviously there was profit to be made from the fruit itself as well, but the case was about Howey promising gains from investing in the land on which the trees grew.
>>25276551Thank you for the reasoned response. This is lawyer talk and the first thing anyone said that makes me think the SEC has a stronger face value case.
>>25273653You do realize LINK's business model is exactly the same as XRP: dumping premined, worthless tokens on retail investors.LINK is next. BIG fucking target reticle on Sergey's face.
>>25276484Lots of things can be "reasonably seen to go up in value". The problems start when the issuer of those things starts promising this.
>>2527625620 cents* Lmao
>>25276601>You do realize LINK's business model is exactly the same as XRP: dumping premined, worthless tokens on retail investors.Selling items (or services) is the entire point of virtually all businesses.This is in no way a legal point in itself when it comes to securities.The problem is that Ripple promised to make sure the token price went up.This makes XRP fail the Howey test, making it a security.
>>25276602You dont seem to understand XRP valur isnt the company ripple value. Its an independent blockchain that they contribute to
>>25276593Here's another clear precedent: the SEC accusing Enigma of selling securities, because Enigma (like Ripple) was seen literally shilling future token price gains..And again the SEC adheres to the Howey test word for word.
>>25276716The point is XRP is a security, because the "promoter" (Ripple) shilled future token price gains due to their efforts.
>>25276755So now blockchains can be securities based on a mindless wagie whom couldnt stop the "company" xrp youre so eager to rule a security
>>25273691>I have conflicted feelings, how did such an obvious scam last this long?The same way the STINKlets are still operating : total financial illiteracy mixed in with delusional hopes of enrichment.All of the Cripples swallowed uncritically Ripple's marketing deception, their claims of "adoption" the same way retarded STINKers uncritically accept of Chainlink's fraudulent "partnerships" like Gravelcoin and every other literal who shitcoin which was paid in LINK tokens to participate in the charade, the same way Ripple sent XRP to "partners" to feign business interest and activity.LINK holders are the same low IQ bracket as Cripples, it's hilarious because they think they are the gatekeepers of knowledge.
>>25276755I don't think commentary by an employee is what they can base this entire thing on.>>25276727What do you think about the above as a stand alone part of the lawsuit?
Hey bruh hester doesnt like xrp lets just shut it down. Yea not possible at this point id guess.
>>25276680>Selling items (or services) is the entire point of virtually all businesses.FALSE. What Ripple and LINK are doing is a pyramid scheme type of activity, operating under a veneer of crypto services.But there are no crypto services. LINK has not made a single sale of its services. It has no revenue.ALL of LINK's revenue is from dumping premined tokens which were illegally issued in the first place. Why don't you read the fucking SEC case against Ripple you drooling retard. I don't have to convince you, I'm totally indifferent to you losing money when LINK is taken down just like XRP. It's one of the top 5 biggest scams in crypto.
>>25276867Except many people use LINK to prevent flash loan attacks, etc
>>25276867How can anyone make such a stupid claim here really? Of course LINK has sold services and their oracles are used widely. This is even dumber than Hesters argument
>>25274749>The guyWho was himself a Jew...
>>25275538Holy fucking based
>>25276797Ripple labs is more than "a mindless wagie".They're the primary holder of XRP, the main/sole developer of the network. Ripple themselves say this, read the complaint.>>25276816>an employeeThis is the CEO, CTO, and many others.
>>25275538The BTC thing to me is hilarious.Big money and power controls BTC.The miners that matter are all organized mega corporations in essence.topkek
>>25276316No. He means you write the filings to win.Taking the filing at face value is meh tier.
>>25277036Yes, an employee. That's what I said.Are you arguing he's not an employee?
>>25276867>FALSELel>What Ripple and LINK are doing is a pyramid scheme type of activityLink, not at all.They are selling utility tokens, which have been in constant use ever since mainnet launched.>LINK has not made a single sale of its services. It has no revenue.The nodes have.They have been using Link tokens as utility currency since the first day of mainnet.>ALL of LINK's revenue is from dumping premined tokens This is pretty much irrelevant to being a security or not.>which were illegally issued in the first place.lel, then explain how ETH was cleared as a security, despite the fact that a significant premine was sold as an ICO, just like Link.
>>25277108High ranking "employees" run the company, anon.>>25277078You can see for yourself that Ripple kept promising token price performance due to their efforts.
>18 posts of pure unfiltered schizo cope by this id
>>25277036Main and sole arent the same thing. So clearly sole is a lie. Lets leave the hyperbolic language out of this. While XRP is proof of consesus so holding the most does give them control, there is no actual requirement for such it just is the case at the time. And if enough people bought enough eventually ripple would have no control of xrp. Theyre basically being sued for doing a slow responsible rollout of the network to a large well distributed network and youre up in arms over Schwartz stating the obvious that a finite supply resource will increase in value over an infinite supply fiat resource. Are you proud of being this sleazy to steal one extra dime for Sam?
>>25273653Disgusting Jew face. How could anyone trust this guy?
>>25277142Oh really?I own some XRP and I didn't ever hear this employees comments.Why did I buy?I don't have much, but explain why I bought.The SEC has some trouble proving this case is my main thing.What is more intriguing to me is the Clayton resignation. Is this Trump stomping out XRP?Why would he start with XRP, an AMERICAN company?Then resigns?A traitor to Trump?A chinese BTC plant?Now BTC is very clearly not going to fall under this umbrella, but BTC it appears to me to be very likely to be labeled a national security threat.There is something very big behind all this and it's ALMOST as if there are a ton of shills intent on no one looking under the covers.I'm not claiming to know anything. But this lawsuit is a major happening. XRP being first means something very big BEYOND XRP itself.
>>25277247connect the dots, this is all apart of Japan's plan to dominate crypto... USA vs China stuff is a distraction
>>25276380YOU ARE TALKING TO A BOTSTOP
>>25277111Chekt. The xrp schizo spams that garbage thinking it has an impact.
>>25276930>>25276978Lmao, the delusion. Delusional shitcoin true believers always get rekt, ALWAYS.
>>25277164Ripple promised to make efforts to support the token price.Ripple also kept saying the token has no use as a currency.And that nobody but them could influence the price, see the section "Economic Reality Dictates that XRP Purchasers Have No Choice But to Rely on Ripple’s Efforts for the Success or Failure of Their Investment" for instance.
>>25277247>I own some XRP and I didn't ever hear this employees comments.lelDoesn't change what they said.Again, the buyer's intentions are not really relevant, it's what the "promoter or third party" says or does.
>>25277111>They are selling utility tokens, which have been in constant use ever since mainnet launched.The only purpose of the centralized, premined token is to enrich the owners. FACT.Literally, word-for-word identical scam model as XRP.Ripple claimed that XRP also had utility. Sergey's claims mean nothing because it's clear that dumping the illegal security token to US retail investors is the primary business model.
>>25277301I have a lot of dots. Connect them all and it's a black page.Japan has basically cleared XRP as a non security.I'm sure this will play in court at some level.But how would Japan have influence over Clayton and our SEC?USA vs China is not a distraction.I've found that most crypto people have very little knowledge of world affairs prior to 2000.The "pivot to Asia" was the plan since Nixon at least.All the Kissingers and such were pushing it. It was planned to de industrialize the west.It is manufactured, but it is as real as it gets.The whole Trump vs China thing is very deep and involves global power structures.The "MAGA" movement is Jews. But it's a real thing.They all live in the USA.Turning it into a shit hole started to worry a lot of them.I'm not claiming to know too much, but if you think the USA vs China thing is a "distraction" you are missing the mark.It might be a manufactured condition, but it is the entire deal currently going on and it's been brewing since the 90s.
>>25274312lmao thats fucking retarded. the cultural expression cannot be separated from the culture
>>25277327>the guy with the very long post addressing specifics of the other posters is a bot>not the guy typing in all caps using six words that address nothing
>>25273653Personally I hope this precedent whittles down the shitcoins and chains to a well invested and supported dozen or so.
Resist the urge to sell!Buy the fear, $2000 is manageable>source: https://twitter.com/search?q=%23xrp%20fear&src=typed_query&f=live
>>25277446>The only purpose of the centralized, premined token is to enrich the owners. FACT.It serves as the means of compensation/communication/staking/... within the network.They are sold as utility currency.As long as Chainlink doesn't tell its buyers "hurrr price go up, we'll make sure of it", then Sergey could sell trillions of USD worth of Link tokens, and it still would never be a security.
>>25277430>if a tree falls in the woodsMy point is not that you are correct or not. My point is the difficulty in proving such a thing.We'll see of course.I'll gladly admit I was wrong.I'm not an expert, it just seems to me that the singling out of XRP is an intentional act and there is more here than what can be seen on the face.I believe this "organization" is coming for the entire market. Being first isn't a bad thing.It could be very good.If they successfully beat this off.Then they are THE ONLY ONES cleared by the SEC.I'm holding my little bag to see.
>>25277477>a bot can’t write a long post because long posts are hard for botsWhat the fuck dumbass shit am I reading. How about you learn to parse the difference between a LIVING SOUL and a pseudo-sentient line of code and stop giving bots the time of day.
>>25277566Look up "peanut gallery."I'm not "talking" to the bot retard.The bots are a canvas.
>>25277540Awfully reasonable. I expect a six word response and some ad hominems. The schizo can’t debate on the merits as they are clear. The whole thing is an exercise in whataboutism anyways, for some reason link gets singled out.
>>25277564>My point is the difficulty in proving such a thing.They don't have to prove everyone (or even anyone) bought because of the promises.All the SEC has to prove is that Ripple did in fact publicly promise future token performance due to their efforts, which they constantly did.
>>25277246I have never heard hes a practicing jew.>>25277369I dont hold LINK or XRP>>25277389Oh my godarino theyre promoting the technology as more than just a currency by introducing an entire smart contract ability. Now this is a crime too.No simply put ripple cant impact the price of xrp. And they have ZERO fiduciary duty to do so. They ONLY want price to rise for their benefit. Aka they are private contractors who already paid themself with a variably priced salary. XRP at this point means nothing to them except they own a lot and want to unload. You seem to be confused like they "owe" XRP holders something
>>25277605I don't think it's that simple.What is the legality of an employee making claims that aren't technically correct?They will immediately argue this right?I just don't think the comments of one guy is a strong case.No matter what he said.>inb4 CEOYes. I still don't think this proves anything.
>>25277609>theyre promoting the technology as more than just a currency by introducing an entire smart contract abilityNo, they're telling people "token go up due to our efforts".This makes it a security.To be clear: there's nothing inherently illegal about that, but you do have to register securities.And XRP would still be a security if Ripple promised token gains based on legit developments; but in Ripple's case "our efforts" also refers to things like "we'll distribute the tokens in a way that benefits the token price" or trying to get exchanges to list Ripple.Which are double whammies.
I had $1000 invested in XRP back years ago when it was at $0.22, the recent climb to $0.60+ I cashed out except for $100.My friend got a second mortgage (yes they shilled me into it) and has $35,000 in XRP before the fall. Hes lost 2/3rds of that and still believes this is part of the “shake out”. He even quoted Coinbase that said it was the “safest place for your Xrp”.I left my $100 in because this entire time I believed (and still do) that it’ll moon... because they’ll sell all their tech to Bitcoin.
>>25274362>Greece and Rome don't exist
>>25277658>What is the legality of an employee making claims that aren't technically correct?These are the company leaders (CEO, CTO, etc.) saying these things.
>>25277853>because they’ll sell all their tech to Bitcoin
>>25277901So you don't know the legality of these people saying these things?If they say there are aliens...are their aliens?You didn't answer.You don't know?Does a claim by the CEO make it true?This will be argued.Is there a past example of a CEO saying a thing that wasn't true? Was true?
>>25277958Anon, these are company leaders speaking in their capacity of company leaders, not private persons.Their decisions are company policy.
>>25277853>because they’ll sell all their tech to Bitcoin.HAHHAHAHAHAHA CRIPPLETARDS ARE ACTUALLY THIS DUMB
>>25278003>decisionsAnd their public comments?Your "point" is incredibly simple. Stating it over and over again means nothing.I'm talking about LEGALLY SPEAKING.Does an off the cuff comment make something true just because he's the CEO?Can an EMPLOYEE be wrong?Do you have any legal precedent to look at?You would be outlawyered in 2.5 seconds.Just repeating the same thing.Hopefully for your "side" the SEC has better ideas and counter points.
>>25278071>And their public comments?Their comments are made in the capacity of company leaders, talking about company policy.Just look at the quote in OP, the CTO of Ripple literally says that it's Ripple's "publicly announced strategy" to maximize the price of XRP at least until Ripple sells all its XRP.
>>25278112>Their comments are made in the capacity of company leaders, talking about company policy.Jesus Christ.Forget it.
>>25274590Got a similar feeling.But it's still funny.
>>25277726Again XRP is not any part of Ripple. Ripple has no fiduciary duty. These arent shares.
>>25278135You're still trying to cope.These are the company leaders making public comments about company policy.Their statements absolutely hold probative value.>>25278180Ripple Labs is the creator and developer of Ripple, and by far the primary holder of XRP, anon.
>>25278353>You're still trying to cope.I'm rich from a business and my wife is an MD resident that will start at $370,000 next year.I have no copes at all.I just like understanding things.Let me word it very specifically.This is what the lawyers will do.Is it POSSIBLE...that the CEO is wrong (possibly making him liable for this or that) and his comments don't mean it's a security?This line of reasoning will have to be responded to.You are basically claiming that "since he said it, it's true."What do you say when they say "He was wrong"?Where do you go from there?
>>25278353Those are quite the past achievements. But again Ripple owes XRP nothing. They can cut ties entirely anytime. And guess what? XRP would still exist. OAnd again oh so now if i hold a lot of a coin i cant see it developed. Good to know because you could easily buy up 10% of a small cap and develop it yourself
>>25278435>I have no copes at all.You clearly do when you try to pretend public statements made by company leaders (in that capacity) about company police don't legally bind the company.>>25278442So what's your point?
>>25278532>legally bind the companyno
>>25278532How can they both owe nothing to XRP and also satisfy what were arguing as "investment contracts". How can they make a contract, promise to increase value, on the investors investment into XRP when they dont control XRP or owe it anything per fiduciary duty. Again these are not shares.
>>25278579You're coping.>>25278602They created the XRP, gifted most of it to their company, and then shilled the tokens as securities without registering them as such.
by weekend xrp will become a faggot low cap coin, then this tranny discourd group will finally be able to make one last exit pump and dump, thank me laterdiscord.gg slash 5Tq7qxkkRv
Activate your almonds: “should” vs “will”. There are no guarantees.
>>25278628Do you mean sold the tokens as security? Because thats a false statement. They cant sell a share of Ripple as it hasnt IPOd yet. And again XRP is not shares of ripple. You cant promise the increase in value of a non share and have it count as an investment contract. Said contract must be as a share of the company. Schwartz was simply saying theyll keep working on it per basic austrian economics that they have incentive to do so and you the midwit takes it to mean whatever you want
how long untill next dump, want to short more
>>25278785Securities, yes.>they're not sharesAnd?>>25278778Fucking lmao, this cope.
>>25275944>I am not an XRP fanatic30 posts by this ID.
>>25278844You cant sell a share of something you dont own. You seem like a disgruntled investor who is upset at the distribution scheme. So if ripple only held 1% of XRP and was working on it, are they still the responsible party for it? You dont seem to get theres no fiduciary duty here to a blockchain.
>>25278933Anon, it's not about "shares".It's about XRP being a security.
>>25273784what type of security detail would he have?I mean just, look at him...Easy money for hard hitters to extort.
>>25273717this, to scammers and shills
>>25278964A security of what? How can something be an investment contract given by a company that doesnt own the security youre claiming its selling
>>25274500Miners dumpSergey dumpsAll the sec did was price manipulation Who knows whats going to happen
>>25279030>A security of what?Haha what?>a company that doesnt own the security youre claiming its sellingAre you saying Ripple didn't own the tokens they've been selling?
>>25278628With what?I have no significant money in this.And my wife is hot too.
>>25279041Being a security has almost nothing to do with being "dumped".Fruit growers, game creators, ... all "dump" as much of their shit as possible, but they aren't securities.
>>25279064XRP is a product like microsoft office, not a share like microsoft stock. I can see you dont grasp this. Good luck in courts, Hester.
>>25273691hello there
>>25279109You're trying to say statements made by company leaders (in that capacity) aren't legally binding.You're coping.>>25279142>XRP is a product like microsoft officeAnd if MS told people "the price of your Office instance will go up due to our efforts to pump the price", then Office would be a security.
>>25273653normies getting raped is usually not so much of a good thing unless you want to buy low
>>25279178Now microsoft office is a security if microsoft tries to get paid the most money for it. Yea youre not correct just stop
>>25279250>if microsoft tries to get paid the most money for itNo, if MS promises their products will go up in speculative value, due to their efforts.If they set a high price, and people pay it, then fair enough for them.They could set the price at $1 billion per instance of Office, and it still wouldn't be a security.But if they sold Office for 1 cent, and told people "we'll make sure the resale price will go up", then it becomes a security.
>>25279204It gets rid of shitty hypebeasts like Ripple, enhances the legitimacy of the industry, and (part of) the money will flow into more legit projects.
>>25279250Your comparison of XRP to MS Office was facetious at best. Show me the consumer intended use for XRP; Office lets me type shit up and print it. Further, an Office instance is not saleable on exchanges. Beyond that even MS has not said “we employ strategies to increase the price of MS Office”
I longed at 0.22 expecting a little dead cat bounce but it just kept going down fuck>t. Xrp shorter
>>25279392This.>an Office instance is not saleable on exchangesIt wouldn't even matter, unless MS themselves tried to get it on there like Ripple did with XRP.
>>25279392XRP is a gas chain that pushes transactions. Many things are being built by many people to make the chain more versitile. Of course office is saleable on exchanges in the form of a NFT on opensea for a unique key to open a free market on it. And MS doesnt say that because it sounds ridiculous eventhough its true they constantly pour work into it for money they just dont explicity state such as it would sound silly but apparently i have to because you boomers dont get new technology
>>25279315Only a psychopath would try to make a product a security regardless of if the company intends to continue to support the technology and grow the value.
>>25279178>legally binding>automatically make it a securityBrainlet.Go slow.These things are not the same.If you just insist they are, that doesn't make it so.I even said he they could be open to liability for these statements.BUT THAT DOESN'T MEAN IT'S A SECURITY.You are basically a woman with this "logic."
>>25279538>XRP is a gas chain that pushes transactionsAccording to Ripple, XRP is not a currency, and its primary use case is speculative.
>>25279627>Only a psychopath would try to make a product a securityNo, only a psychopath would treat something as a security without registering it as such.Blame the retards running Ripple.
>>25277540>It serves as the means of compensation/communication/staking/... within the network.Literally the same argument Cripple made.
>>25279689>>legally binding>>automatically make it a securityWell yes.When the company leaders talk about how it's company policy to treat XRP in ways that make it a security, that's absolutely legally binding.
>>25279874Except Ripple literally says XRP is currently NOT a currency, and that its primary use case is speculative, see pic in >>25279821Chainlink also never said it would make sure the token price would/should/will/... perform.
>>25279538A gas chain that pushes Tx is not a consumer productivity suite like MS Office. There is no use of XRP outside of a blockchain continuation. Companies that signed onto whatever ripple sold them dumped the tokens when they got them because there is no use for them, see >>25279821An instance of MS Office isn’t intended to be re-sold, and you can bet your ass MS isn’t even aware of things like NFT derivative markets (but probably is aware of and trying to crack down on key sales) - compare to ripple aggressively pushing for exchange listings which they need to generate operational revenue. MS Office is primarily sold as a product to use not an item of speculative value.
>>25279860Unfortunately our argument has ended as i refuse to repeat myself but you have a long way to go to convince me a product can be a security. No one would enter an investment contract to increase value of something except: it benefits them and you can join in or they own the right to it. Here clearly it benefits them because they own some. This is the same as micrsoft working on their products so they sell as a premium
>>25277917You don't think Satoshi Nakamoto, the CEO of Bitcoin, is smart enough to see the value of buying Ripple's tech?
>>25280073>you have a long way to go to convince me a product can be a securityIt's very simple: just follow the Howey test.For most cryptos, the defining requirement is "expectation of profit due to efforts of the promoter".And Ripple very clearly fails the test, making it a security.
>>25280054Small brain theories. XRP will eventually have smart contracts, which enables defi and oracles. Is eth not a product?
>>25280121Stop calling it the guy whom invented its name. Call it what it is a test to determine "investment contract" which you would never apply to a product
>>25280191And feel free to provide an example where a past non-crypto product has been deemed a security
>>25279903LMAOYou are a woman aren't you?One does not follow from the other.Claims and reality are separate.You can be liable for claims you made.People can sue you for claims you made and you can go bankrupt even.But it doesn't change reality.The lawyers will be arguing reality.In fact, now that I think about it, it's POSSIBLE they tank the defense on purpose to shield their personal liability against the claims you are saying they made.If they made incorrect claims, and can be made liable for these incorrect claims...it may behoove them to just go along.But again, I'm interested in reality and not just blindly shilling against something I hate in some desperate HOPE.
>>25280130Ripple still doesn't have smart contracts, five years after ETH, even though it had years of head start on ETH.Meanwhile Ripple kept telling people XRP would go up in value, something ETH never did.How has this not made you run for the hills years ago?>>25280191You're coping so badly you want to rename "securities".>>25280254>provide an example where a past non-crypto product has been deemed a securityThis is a joke, right?Securities existed long before crypto.
>>25276659>.18 centsanon i....
>>25280120Well since BTCs tech does nothing that makes some sense.But being a BTC maxi or promoter and calling the guy that has the most BTC a "CEO" is a little bit strange.Usually the entire community drones on and on about how decentralized it is and how no one is in charge as I'm sure you know.
>>25280130XRP just pivoted to “smart contracts” late this year, ETH had them years ago and indeed was the primary purpose of the network (the token gets you access to the EVM). A better metaphor than MS Office but still fails on the merits.
>>25280257This is some spectacular cope right here.Ripple leadership SAYS XRP will go up in value due to their efforts.This leads people to expect profits from the efforts of Ripple.This means XRP fails the Howey test.
>>25279975It's not just a different cryptocurrency. It's a centralized and illegal scam that has been an IQ test for years. It's the same as Theranos (the only difference that Theranos kept its fraud behind close doors while Ripple had the audacity to pull this off in front of everyone).The Ripple community is comprised of imbeciles who worship a bunch of criminals who run the company and enrich themselves. These braindead bots will never question whether their bags are actually worth more than zero.Schwartz, Garlinghouse belong BEHIND BARS. They've been telling us with straight face that XRP is more decentralized than "Chinese" Bitcoin for years despite controlling XRPL's UNL.They are corrupt, they are shameless, they are dangerous.The SEC lawsuit is even more bullish for Bitcoin than all institutional investors combined because there's finally a good chance that Ripple and XRP will be finished off for good.I wish nothing but pain, misery, and suffering for every single member of the XRP community.
>>25280298Its the literal definition of what the howie test is determining is "investment contract" which makes something a security, which i am asserting XRP is not an investment its a product. Ripple didnt create transactions selling shares of their company with a promise of it increasing, they sold their product and said theyll continue to support it in hopes they can sell it for more
>>25273729You overestimate retards.
>>25273653This is the big thing that makes them fail the howie test, and why all the threats of "chainlink is next!" are meaningless. Ripple is getting fucked because they advertised it entirely on the basis of "hold this and you'll be rich, bro". Sir GAY has done no such thing with link and only discusses it in terms of utility, never about token price.
>>25280492>Its the literal definition of what the howie test is determining is "investment contract" which makes something a securitySo what's wrong with using the term "security"?The Howey test is a test to determine whether something is a security. End of story.
>>25280392Says you.Let's see.Good'day m'Lady.
>>25280561>Says you.Says SCOTUS.The company leadership led people to expect profits from the efforts of the company.
>>25273653this could happen to a lot of shitcoins as well thoseeing how a crypto can go down to 0 in a span of a week is not good for building investor confidence in the marketlink, ada, maybe even eth 2.0 - all could get sued too and then what? we've already seen that a lawsuit is enough to wreck a crypto, no one even waits for the ruling in court because there is so little confidence in cryptothis is NOT good for the market
>>25280547Investment and product aren't the same thing. A product cant be an investment. I dont have time to explain basic economic terms to you.
>>25280591In another case with another set of circumstances.Got ya.
>>25280594>this could happen to a lot of shitcoins as well thoOnly the ones saying "we'll make sure token price go up".
>>25280532They strike out in fear and projection, which is characteristic of the midwits that get ego invested in this clear scam. The sub 70 IQs that love the memes and the 130+ do the research. XRP is beloved by midwits - look at r*ddits enthusiasm for it.
>>25280617SCOTUS says it's a security if:1) people invest2) in a common enterprise3) and are led to expect profit4) through the efforts of the promoter/a third party (Ripple)Ripple's leadership very clearly led people to expect profit from the efforts of Ripple, and thus XRP fails the Howey test.
>>25280611>A product cant be an investment.Are you fucking listening to yourself?
>>25280611The first note of the Howey test should say "this applies to, per the name, investments in a company; do not apply the Howie test to a pencil"
>>25280754>its not me, SCOTUS is wrong!
>>25280594I agree. I don't hold any xrp scamcoins, and I also don't think other tokens like link are going to get charged either. Hell, it's possible that Ripple wins the lawsuit, although that's not very likely. SEC doesn't file a lawsuit like this unless they're pretty damn certain. >>25273691>I have conflicted feelings, how did such an obvious scam last this long?I have a half-baked theory about this. We all know the fedniggers don't like crypto. They probably had this lawsuit drafted and sitting on their desk since 2018, waiting for the perfect timing to drop it. And so, just after BTC breaks previous ATH and kicks off the golden bull run, they push out something against a major shitcoin, with the hopes of not just tanking the XRP scam, but also spreading FUD in the crypto market as a whole. Possibly as an attempt to neuter the bull run?
>>25280736Are you? A man who doesnt work for XRP meaning its not an investment in Ripple his company said he'll try to get XRP value to go up through hard work. Is a youtuber allowed to say "im trying to make my channel do better"?
>>25280800Scotus clearly said investment contract but you want to apply it to non investments. This board is and especially this thread is overrun with midwits
>>25280845Try typing that again, in English.>>25280888>you want to apply it to non investmentsAnon, Ripple themselves say the "primary use case for XRP today is speculative".See >>25279821It's better you cope sooner rather than later.
>>25280888Now go read what an investment is, we’ll wait
>>25280935I have already clearly said i dont own XRP. Youre obviously at this point a bear shill. I did type my comment in english apparently its over your head. All the best, midwit. In the end it doesnt matter what we think and ill be thinking of you when im proven right and scotus rules in favor of XRP over some middle aged angry feminist marxist trying to expand law
>>25280961As i said an investment must be in a company equity. This is a product, not even owned by Ripple, not an equity sold.
>>25281037So if I buy a piece of land is that not an investment?
>>25273691Not sure where you’ve been but people have been calling XRP a useless piece of shit for years
>>25281057Correct its not. Someone can say this land will go way up in value so buy buy buy and they didnt all of a sudden make that land a security.
>>25281006You:>XRP is not an investmentRipple:>the primary use case for XRP today is speculativeSee the problem here?
>>25281083That said it could become one. If you use the land and sell the idea of profiting off it as equity shares, thats an investment
>>25281083You don’t get to redefine “investment”.You also don’t get to skip the steps involved with the howey test in your scenario (ie common ownership, efforts of promoters, etc).
>>25281037>This is a productSo are securities.
>>25273691I had dinner with someone from SEC in Crypto enforcement around '18, and most of the convo was how XRP fails Hewey. They knew and have been building this case for years, this action wasn't some random knee jerk enforcement.
>>25281128Im not the one redefining it. You are. No one can predict the future thus no one could promise the value of a product going up, example the land i sell you. However if i sell you the profit share of the land or a piece of the land backed by the profit then it became your duty to protect my investment.
>>25281238Well this i couldnt agree more with. The main disagreement for me is these midwits yelling Schwartz made it a security.
>>25280692Yes, and him saying that doesn't prove it happened.
>>25281238Yeah, they were officially warned in 2012.Pretty amazing how they kept at it.
>>25281297Him saying that IS it happening.Him saying that IS 'leading people to expect profit from Ripple's efforts".
>>25273653I've said it for years.KIKEOGRECOINYou get what you fucking deserve.
>>25281248The dictionary definition of investment is “allocation of money with the expectation of benefit.”
>>25281248>No one can predict the future thus no one could promise the value of a product going upThis isn't about predicting the future, it's about leading other people to expect profits from your efforts.You're really going off the deep end.
>>25281356Brainlet thinks the definition of "is" IS stable or even at thing.We'll just see.
>>25281387And as i said unless youre a future teller no one can future predict a value so the reasonable expectation would imply a business strategy to generate revenue such as an equity in a company, not hurr durr im a realtor buy this condo downtown is hot itll go up in value, which no isnt now a security
>>25281356Let be little more clear for you.>this is thatNo.It never "is".
>>25281407So you expect profit on XRP from Schwartz when he doesnt work for XRP? You sound like a bad investor.
>>25281460If the condo is sold with the premise that the seller will do work in the future to increase the price you bought both the condo and a promise of future work. They're separate things. The XRP token itself is fundamentally worthless and does nothing, the only thing you're buying is a promise of future work.
>>25281407Bro i promise the phone in your hand will go up in value. Boom security
>>25277853>because they’ll sell all their tech to Bitcoin.HAHAHAHAHAHAHA YOU SON OF A WHORE I SPAT OUT MY COKE
>>25281543I guess this is where we disagree about what Schwartz was saying. To me he said hell work on it so it benefits himself similar to the littledoggiboi from yfi strategy of if you like a platform work on it rather than here is an equity of our company that includes my work
>>25281460Hahaha just read the definition, you allocate money to something and think you’ll get more out of it later, bam that’s an investment. Reasonable doesn’t come into it. Art, cars, beanie babies, wine, watches, whatever, you can consider it an investment if the buyer (allocator) expects to earn a benefit.A condo becomes a security if it passes the rest of the Howey test. For example, an individual who bought a condo as an investment, expecting speculative gain, hasn’t sold any ownership of it to others whom they are leading to expect profit, thats still an investment but not a security. If you bought a condo, then sold off 10% of it via chits or certificates or IOUs, and led people to expect a monetary benefit by buying them, then you would have a security.
>>25281655My brain hurts. Why am i posting with midwits in an XRP containment thread fml
will it dump anymore and is it worth to put a small investment in whilst it's crashed?
>>25281480Look at what you're doing, anon.>>25281519Schwartz works for Ripple Labs, the creator and developer of Ripple.The founders of Ripple Labs created the tokens, and gave most of them to their own company, of which Schwartz is the CTO.
>>25281732I guess the ad hom is easier than dealing with the cognitive dissonance huh?
>>25281793Yes Im aware they released a product. Maybe if they already had a RippleLab stock equity youd realize XRP isnt that
>>25281854Thats what you get when you dismiss my words. I said reasonable because if you dont include it my retarded aunt sally expects to make money from sucking dicks, doesnt mean it happens.
>>25281912Again with the reasonability! It doesn’t factor into what an investment is. Literally not in the definition. I already said as much.
>>25273653AHAHHAHAHAHAHAAHHA IF YOU CHECK OUT THEIR THREADS THEY ARE MAKING UP EVERY EXCUSE TO "BUY THE DIP" AHHAHAHAHAAHHHAHAHAAH
>>25274158this statement shows how new you are lol
>>25276812I hope you're right. Linkies get the rope