/biz/ - Business & Finance

Don't you know he is an astronaut?

>>10240199
BTC is dumping, so no.

>>10240199

He is literally Satoshi Nakamoto.

https://ambcrypto.com/ripples-david-schwartz-worked-distributed-computing-internet/

>>10240243
QUIET!!!

>>10240250
>van dyke

>>10240199
Just a greasy kike

>>10240243
Delete this.

>>10240199
It already made XRP moon, he might be the smartest person currently alive involved with blockchain.

Probably around 160 IQ

It's already priced in you idiots.

XRP will not Rise until the security cases are settled. But desu those cases will not swing in the favor of XRP. Anyone that does not see that XRP has the highest likelihood of being determined a security is delusional &/or a newfag.

>>10240199
((((((((((((((Schwartz)))))))))))))
whoever stays in this kike scam deserves to lose everything

>>10240199
>Schwartz
>Dyke

>>10240472

this is incorrect

>>10240199
>Schwartz

>>10240473
Salty corecuck spotted

>>10240502
How?
Please explain, cause I know I can. But I need to know the level your at

>>10240584

It will not be deemed a security because it is not a security

>XRP will not Rise until the security cases are settled. But desu those cases will not swing in the favor of XRP. Anyone that does not see that XRP has the highest likelihood of being determined a security is delusional &/or a newfag.

then XLM stellar is a security
and ETH too a security
and Decred new scam of charlee

>>10240766
Wow great explanation! Have you never heard of the Howey test? XRP checks all boxes. The most basic premise of a security is 'of sole benefit', which XRP is, Ripple is still selling the coins into the market meaning they have 'sole benifit'
Btc is not a security as it is PoW, making it a commodity, this was desided in 2014 by the CFTC, the SEC agreed. FYI I remember this when it happened!

You delusional newfags have no clue what your on about, as I said! Have fun holding the riskiest 'crypto'.

>>10240804
ETH can be argued as it is PoW now... Any coin that had a ICO including XLM, is most likely a security... Its just that XRP has a couple of cases against it Atm so has the highest likelihood of being determined to be a security first!

>two former sec are defending xrp in the security lawsuit cases vs some greedy lawyers that bought less than 1k xrp to sue ripple later, this kind of lawsuits happen all the time in the burger land, the following lawsuits are a copy pasta of the first
https://bitcoinexchangeguide.com/fincen-declared-ripples-xrp-coin-as-currency-not-a-security-sec-decision-pending/
https://www.coindesk.com/former-sec-chair-represents-ripple-xrp-lawsuit/

>>10240199
he used to waste a lot of time on stackexchange
don't expect focus from him, kek

>>10240472
This is the /biz/ consensus. That's how know reality is 180° away.

XRP moon?

You mean mooned?

>>10241062
I know about the cases. My point is that XRP has the highest likelihood, the case is still to be determined. Its in ripples interest for it not to be a security! You can't argue that XRP does not have the highest likelihood of being a security as the cases against it are pending + I don't know any other coin with cases pending, making it have highest likelihood of being a security of all 'crypto'! End of!
About to go have surgery in a moment so if I don't reply, I died! This would be the best outcome...

>>10240861
>Any coin that had a ICO including XLM, is most likely a security..

stellar did not have an ICO and already ruled not a security, its been added to new york bitlicensed exchabge ItBit

>>10241144
>your point is that XRP has the highest likelihood
acording to you
>You can't argue that XRP does not have the highest likelihood of being a security as the cases against it are pending
icos have the highest likelihood of being securities
the cases against it are a joke
its likely that ripple is suing themselves to try and speed up regulation certainity so more companies jump on board

>>10241223
>its likely that ripple is suing themselves
The delusion is strong with this one!
Fact, ripple are being sued for being a unregistered security.
Fact, no one else is being sued for securities law ATM
Fact, if they lose XRP will be the first 'crypto' security.
I do understand that other ICOs could be, but XRP is under fire right now!
How is that difficult to understand?

>>10240861
I can not even fathom being as wrong as you. You really do not understand it.

100% XRP will not be deemed a security.

>>10241310
Uber, Google, Amazon all got sued dozens of time - that doesn't mean that they were all wrong.

Go ahead and bet against it, though. Please do not, EVER buy and hold XRP.

XRP is a security as >>10240861 explained

>>10241370
What are your arguments against it not being a security besides ITS NOT A SECURITY GUYZ

>>10241310
ripple is getting sued by a pair of investors that lost less than 1k each
>under fire
>if they lose XRP will be the first 'crypto' security.
a very remote possibility
>Fact, ripple are being sued for being a unregistered security.
allegedly
>I do understand that other ICOs could be
>could be
already are considered securities
>>10241370
he is doing it on purpose, he is a larp, i have screen shots of him replying +20 times to a thread with less than 50 replies, now he is using a vpn

>>10241370
Please explain the Howey test to me then as I am apparently incompetent.

I tried to word it as XRP has not been determined yet to be a security! The chief of comms @ ripple also tweeted that it has not been determined yet....How are you so sure its not a security?

>>10241393

Ripple and XRP are not the same. XRP gives you 0 ownership over Ripple

XRP actually has a use, unlike securities. It's a digital asset used for extremely efficient value transfer, already actively used in markets today

XRP is decentralized and not controlled by a single entity - unlike what you may have heard or know cause you're a newfag.

Ripple doesn't sell XRP directly to people, you can only buy it through exchanges

Ripple doesn't mention or guarantee XRP has any form of ROI.

What more do you need?

>>10241384

>>10241393
What are your arguments besides ITS A SECURITY GUYZ

>>10240861

yes I have. Im a securities lawyer who used to work at the SEC.

>>10241408
Sadly this not a larp, just something to keep me interested while I am waiting for surgery...
>He is using a VPN
Fuck off I am not!

It truly is a shame that you can't bring evidence! It just makes you more delusional.... Show the screen shots it was probably me! I get bored that does not make me a Larp, just that you were not listening as you are not now.

>>10241445
Now who is LARPing!

>>10241453
>i work at jp morgan
and now
>im a securities lawyer
>not a larp

>>10241461

>>10241461

Ok. It's not a security. The SEC will not say it is not a security but that doesn't matter because these are private action lawsuits not enforcement actions. The district courts will have to decide this but they will decide it is not a security.

>>10240861

>>10241530
Haha, whoever keeps posting that must be the guy that sued Ripple over 1000$ because he bought the top of a bubble.

>Creators now say XRP totally isn't called Ripple
>Ripple company claims they didn't create Ripple
>They actually call it decentralized

Ripple is a total shitcoin as far as cryptocurrencies are concerned

>>10241578
its more decentralized than bitcoin

>>10241595
Who cares?

>>10241652

>>10240861

I find that the general consensus of this is fairly accurate... if not then why would XLM and XRP look almost identical?

Tfw u know more than all those buttfucks on /biz

>>10240199
>david-schwartz
He is the Dire Jew that like Moses unto the Israelite
Will lead all who follow him into the promise land

>>10242126
Huge difference, stellar/SDF doesn't sell it's asset to stakeholders - which means the world in terms of if it's a security or not.

Also New York Department of Financial Services would say they're fundamentally different, as they allow xlm to be traded.

Might want to spend like 2 minutes researching prior to writing your shitpost.

>>10240861
Me only hold XRP because am want to be declared security
that only way will ever become 100$

>>10241144
>I died, this would be best.

Agreed.

This whole XRP ripple story goes back to 1988 WTF WTF

Is this real?

>>10242623
Is this redpill enough?

>>10241530
the only valid point maybe the 4th but the third is especially flawed.

Xrp and ripple are completely different entities so buying xrp has nothing to do with the projects and goals of ripple.

Not to mention xrp is already legally named currency as shown in goverement court cases.

And not to mention xrp already fits the secs definition of currency as it's value has no tie to ripple, saying otherwise would be like saying the dollar is tied to ibm

>>10240473
You're so fucking dumb lol. He is literally the best cryptographer on the planet. Probably the smartest man involved in blockchain tech today. Tell me what the fuck you have done that's more impressive than him.

>>10241578
Well ripple didn't create xrp that's already been factually established

that'd be like saying facebook created ripple just because they have people who've worked on both projects

>>10242623

Yes. David Schwartz is unironically, 100% actually Satoshi.

>>10243797
> Probably the smartest man involved in blockchain tech today.
>Man

This guy is fuding he is literally a wizard and has been alive for many, many centuries.He is not a man don't be fooled.

>>10240281
kek

you guys are silly, david shwartz is ALREADY guilty of economic crimes, ripple lost 10's of billions of dollars this year paying thots and rappers to shill. HE is on the list of economic criminals guilty of causing mass economic suffering. NOt a good list

ripple is XRP clearly clear from the bigining of xrp, now they are trying to cover up the mess because of sec and the jewish economic crimes

>Xrp is a security
>Because it has an ico
>Amerifags giving lawsuits
Absolute state

>>10243883
I doubt you realize how stupid you actually are.

so do I buy 100k or sell 100k

>>10243797
who cares if he's a good cryptographer? He understands digital signatures, but he doesn't understand decentralization, considering ripple doesn't even use a blockchain.

i have 714 XRP, not selling it. I'd let it go to 0 before selling it.

Whats a conservative price for an XRP in 5 years? Lower, higher, same?

>>10244940
Buy buy buy

>>10244974
<Insert brainlet meme>

>>10245038
20-100$

>>10245038
Conservative? In 5 years? over $10 easy.
Pic related is my stack, I bought at $0.19, rode it all the way up to the $3 peak and back down iron hands on the shit. Zero regrets or doubt in my mind we'll see $10+ within 5 years.

>>10245097
is there a secure way of holding this shit other than my Toast Wallet? like online where I can access the information like a bank where a 3rd party holds it for me for a fee or something?

>>10245048
i mean it's not a brainlet thing to say. Ripple is not decentralized at all. It relies on a very poor method of consensus and data validation. The only overlapping feature it has to a real cryptocurrency like bitcoin is that it uses digital signatures.

>>10245168

>>10245097
also what is ledger wallet. if I put in $2-$4K in the next year into XRP, am I going to want that hardware?

>>10245164
Lmao are you really that incompetent that you can't secure your own assets and need to pay someone to do it for you ? Cause that kinda defeats the purpose of crypto

>>10245372
incompetent? no. currently ignorant on the subject? yes.

>>10245209
ummmm anon, if you don't know what a ledger wallet is you shouldn't be investing in crypto

>>10245639
true, but i've already invested, only have one position and its in a wallet app safe for now. trying to learn before i invest more.

can't change the past, just prepping for the future

>>10240861
>. The most basic premise of a security is 'of sole benefit', which XRP is, Ripple is still selling the coins into the market meaning they have 'sole benifit'
Finally someone gets it.

>>10241595
Ripple owns 55 bln (55%) of supply. How is that decentralized? One entity owns the supply and could do a 51% attack.

>>10245829
Yea, that's not how a 51% attack works.

>>10245829
>>10245789


Talks about 51% lol. Quietly knows that buttcoin is centralized by choynese miners

>>10243883
>economic crimes
u wot m8?

>>10245829
4 Chinese guys and Satoshi own 90% of BTC how is that decentralized?

The amount of misunderstanding of what decentralization actual is in biz is staggeringly bad

XRP is centralized, as it was pointed out they own 55% of the supply. Also ripple has a history of freezing accounts. How many bitcoin wallets have been frozen again?

>>10245829
Ripple CEO: Bitcoin Controlled by Chinese, Absurd to Think it Could be Primary World Currency

“A number of prominent people,” Mr. Garlinghouse explained, “even Steve Wozniak, has said that he sees a world where Bitcoin is the primary currency. I think that’s absurd. I don’t think that any major economy will allow that to happen.

An under-reported story, Ripple’s CEO insisted, is how BTC is “owned by China.” He noted, “The smartest thing you’ve done is not have ‘bit’ or ‘coin’ in your name. I’ll tell you another story that is underreported, but worth paying attention to. Bitcoin is really controlled by China. There are four miners in China that control over 50% of Bitcoin. How do we know that China won’t intervene? How many countries want to use a Chinese-controlled currency? It’s just not going to happen.”

>>10245850
>>10245857
>>10245877
>>10246021
Interesting that not a one of you challenges this but instead deflects it back onto bitcoin. I never mentioned bitcoin I mentioned ripple and xrp.

>>10246564
you should answer what is a 51% attack first

>>10246813
A brainlet question don't you think?

>>10245942
Please provide the accounts they have frozen. Thanks.

>>10240472
read the opposite of /biz/ always

>>10247340
and you dont know the answer to such a brainlet question?

>>10247546
His brainlet may be under 51% attack

>>10247500
https://cointelegraph.com/news/ripple-directs-bitstamp-to-freeze-funds-of-former-co-founder-jed-mccaleb

>>10247546
Lets see, if Ripple HOLDS 55% of total supply is that more or less than 51%? Are you that dumb

>>10247657
damn, im trying to make you think
how is supply, and mining related, you brainlet
what makes you think supply=network control if xrp uses consensus algorithm
>https://www.investopedia.com/terms/1/51-attack.asp

>>10247657
Bitstamp froze Jed's USD balance. Ripple froze nothing. No one can freeze XRP.

>>10247738
They did it as request of ripple. Ripple literally says the freeze ability is there to stop capital flows from people who shouldn't have it. Basically acting like a bank or paypal. I can never understand why people look past this stuff and defend ripple and xrp. I hope they are paid because there are much better coins out there.

>>10247738
Yes, they did. He even went to court and had Ripple release his funds.

>>10247713
You don't mine XRP dumbass, therefore the majority holder has complete reign over the consensus of the protocol. eerily similar to how a security works isn't it?

pic related its you, you went into the bitcoin subreddit and now you think you are a cryptocurrency expert
>Ripple Directs Bitstamp to Freeze Funds of Former Co-Founder Jed McCaleb
>Ripple Directs Bitstamp to Freeze
you dont even read the titles of the articles you post
>>10247799
thats correct, They did it as request of ripple.
When presented with a legally binding document that disallowed mcaleb from selling, bitstamp decided to not be an accomplice to breaking the law.
but the xrp ledger was never frozen and no xrp balance was ever frozen, only non xrp balances in the xrp ledger can be frozen.
>>10247822
your whole reply is retarded and wrong, xrp uses consensus algorithm not proof of stack you dont know shit of what you are talking about.
coibase brailet

>>10247857
That is literally what I just said brainlet. Learn TO READ.

>>10247920
>the majority holder has complete reign over the consensus
holding coins has nothing to do with consensus
you dont have a say in the network by holding coins, but by running validators

>>10247799
You claimed Ripple froze accounts which is bullshit. All gateways can freeze the funds they issue unless they give up that ability. Bitstamp chose to do so because of a legal dispute which was later settled in court. If you don't like that, either don't use the exchange features of the ledger or don't accept assets issued by gateways who haven't disabled their ability to freeze. None of this impacts XRP.

>>10240199
They took a gay picture last month hired a monkey nigger named dyke. I really want to sell my bags for at least $2... FUCK...

all of you are afraid to take risks
period
if ripple moons all of you who didnt have xrp
will be justed

if ripple doesnt moon
all of you are still getting justed

because none of you have and holded btc since 1usd
you think your shitcoin picks like chainlink , 0xbtc ,skycoin & omisesoy
will get mass adoption?
i dnt think so!!
swift doesnt even want to talk about chainlink ROFL

chainlink doesnt even have a full working product
while ripple has already
0xbtc what is the problem its solving? NONE
omisego = has no working product LITERALLY BEGS for partnerships the absolute CHINKSCAM
skycoin = what problem is it solving? ohh yeah nothing

have fun with your 0xbtc ,omisego & skycoins LMAO