/biz/ - Business & Finance

[Anonymous No.25049071]

Is Ripple fucked?

[Anonymous No.25049122]

>>25049071
No, even if you think it meets the third criteria, it fails the Howey Test on the fourth point flat-out. Ripple could disappear tomorrow and the reason for adoption of XRP and its eventual rise in price would remain the same.

[Anonymous No.25049156]

>>25049122
>it fails the Howey Test on the fourth point flat-out
The fourth point is "through the effects of the promoter", and the promoter (Ripple) is saying they will "engage in distribution strategies that we expect will result in [coin go up]".

The fourth point is a perfect match.

[Anonymous No.25049323]

>>25049071
Looks like it.
Why were they so greedy lol

[Anonymous No.25049393]

>>25049122
no the only reason xrp will appreciate in value is through the promotional discount it provides it otherwise has no reason to increase in value

[Anonymous No.25049397]

>>25049323
>Why were they so greedy
At least they never tried to hide it.
The Ripple Labs thing in OP pic is from over half a decade ago.

[Anonymous No.25049453]

>>25049323
With Jews you lose

[Anonymous No.25049462]

100% a security, without a shadow a doubt

the only thing that is puzzling is why they fuck did it take SEC so long to act, these faggots should've been crucified 5 years ago at least

[Anonymous No.25049562]

they gonna get buttfucked. XRP is finished

[Anonymous No.25049779]

>>25049462
Cuz its not lol

[Anonymous No.25049841]

>>25049071
Yes, the SEC doesn't take in cases it can't win. It has dismantled plenty of cryptos in his exact manner in the past, only difference is none of them have been this high profile before. XRP is be sued, and they will be forced to recognize that their shitcoin is actually a security. Once that happens exchanges will either be forced to get a license to sell XRP, or they'll delist it. Once XRP is delisted from all major exchanges it will go to zero. Sell now if you like money.

[Anonymous No.25049870]

>>25049071
Why are we even spending time in threads like this when we unironically got BOND

[Anonymous No.25049892]

>>25049841
I don't think you're wrong, but I think there is a decent chance this case settles instead of resulting in a ruling.

[Anonymous No.25050319]

>>25049841
If it gets delisted from exchanges how would people purchase / use it? Are you just forced to have a license outright or would they have to setup some system specifically to act as a converter? Not familiar with what being a security entails so forgive my retardation, some anons were claiming xrp being considered a security would be bullish

[Anonymous No.25050336]

>>25049779
solid counter argument

[Anonymous No.25050531]

>>25050319
It already has been deemed not a security in other major jurisdictions and will be easily traded there

[Anonymous No.25050574]

I don’t know about whether it’s a security but the distribution scheme is only something that could be bought into by complete idiots same as link

[Anonymous No.25050585]

>>25049122
What a retard lmao. You’ve never looked into XRP for longer than a Chico crypto video haven’t you? Imagine saying this when garlinghouse has been at the IMF and the White House multiple times.

[Anonymous No.25050606]

Xrp is goin to make me billions of dollars

[Anonymous No.25050673]

>>25049071
Ripple is just fine, the owners dumped their bags. Its the bagholders who are fucked when the central offices shut down.

[Anonymous No.25050719]

Did you guys hear about ripple getting sued by the SEC?

[Anonymous No.25050795]

>>25050585
>>25049122
>spend 3 years using goybucks to spearhead extreme financial regulation of cryptocurrencies
>jump ship after America is ruined as a country for its cryptoholders
>shills on /biz/ still pretend leaving America doesnt mean being illegal

[Anonymous No.25050814]

Link is also fucked for the same reason.

[Anonymous No.25050829]

>>25050814
Links whitepaper says it will cost as much as a coffee, you lose. I dont even hold it but ha, try again shill.

[Anonymous No.25050862]

>>25049071
lmao they're fucked

[Anonymous No.25050881]

>>25050814
Source that the Link team said anything whatsoever related to price development?
In fact, Chainlink always explicitly said they never discuss the price.
Seems like Sergey wasn't nearly as retarded as Garlinghouse.

[Anonymous No.25050918]

>>25050795
America isn’t ruined just yet. I am a Trump supporter but we have to admit the trump administration has been a fucking disaster for crypto and I’m ducking glad it’s all over. Jay Clayton is a literal kike clown. He’s doing this to Ripple while he’s 1 foot out? Coward piece of shit Jew move. Cope or not, XRP has already been deemed not a security by other countries.

[Anonymous No.25050921]

>>25050881
Well youre actually both wrong. They have discussed the price recently and confirmed it will go down, to the price of a coffee. That said, its not a security because theres currently a promise of losses and then price fixing.

[Anonymous No.25050948]

>>25050918
Trump is an honorary Jew and I havent supported him since he blew 2 more of his 3 strikes after bombing Syria. Since then its been a 10 page list of betrayals.

[Anonymous No.25050959]

>>25050921
>the price of a coffee

[Anonymous No.25051341]

>>25050814
>>25050574
Lmao SEETHING
Link never ever commented on the token price like some greasy used car dealer.
In fact, they never even made any attempts to get Link on any exchanges.
Back in 2017 Binance had to go into the slack to ask about listing Link lmao

This isn’t even 4d chess; Sergey simply glued te pieces to the board weeks before the game.

[Anonymous No.25051587]

>>25051341
>Link never ever commented on the token price like some greasy used car dealer.
You really have to wonder what the fuck ripple was thinking.

[Anonymous No.25051630]

>>25049892
Settlement of administrative proceedings meaning a complete delisting of XRP from US based exchanges?
It's time for you to stop coping with the XRP system shock.. so let's approach this from a different direction:
Is the SEC suing ripple good or bad for XRP?
Bad.
And, it could be fatal.

[Anonymous No.25051697]

>people who don't know the difference between ripple and xrp are suddenly experts
Lol

[Anonymous No.25051930]

>>25051697
This is cope.

I have to ask; didn’t all the price discussions and predictions by the team ever set off any alarm bells?

[Anonymous No.25052032]

>>25049071
Is this in federal court or the SEC's internal bullshit review court? If it's federal they may have a chance, sec wins only 60% of their cases there, but if it's in front of the SEC's own judges then ripple is totally 100% gigafucked. The sec literally didn't lose a single case last year that was brought before an in-house judge

[Anonymous No.25052046]

>>25049462
SEC owns an xrpl node dumb faggot they're making you drop your bags with your paper hands so they can steel hands them from you. Dumbazz

[Anonymous No.25052393]

>>25051697
Only trannie cock suckers are cucked enough to recognize the "difference"between XRP and ripple. Keep regurgitating the talking points your XRP overlords have shoved down your throat faggot.

[Anonymous No.25053625]

>>25052032
Pretty sure that's not how it works.
The SEC is an agency, it's not part of the judiciary. It doesn't have judges or courts.

[Anonymous No.25054093]

OK, FOR ALL YOU IDIOTS WHO DON'T UNDERSTAND.

While the value of XRP is affected by the actions of Ripple it is also affected by the actions of other independent organizations who also use the currency.

>other independent organizations who also use the currency

The fact that any organization could build with and use XRP completely independently and without even asking permission from Ripple makes it a token of value (read:currency) that is in all ways legally separated from Ripple as an organization.

[Anonymous No.25054907]

>>25054093
See >>25051930