/biz/ - Business & Finance

2017 called, they want their shitcoin back

>>52922888
Checked and based
OP is a schizo retard

>>52922895

Nothing schizo about this one friend. This is pure legal system maneuvering.
Really wouldn't have a thought about it the way things are going but you can thank SBF for forcing SEC to get into overdrive mode which everyone in DC already knows is happening. Can't do their job with this Ripple suit hanging overhead. It's coming soon.

>>52922934
After the library case ruling, why are you confident? The sec slapped them down, and the facts in that case aren't very different than ripple's case.
If anything the ftx scandal emboldens the sec and they unleash a wave of lawsuits. They'd love to go to war with crypto. Letting ripple off the hook doesn't make sense.

>>52922968

Because fair notice defense has already been ruled on by judge in Ripple case and more or less out nail in coffin for SEC. SEC may get Larsen and Garlinghouse charges but they won't get XRP as am unregistered security. If fair notice defense becomes case law SEC will be significantly constrained (not competley barred) from enforcement against any foundation style crypto company.

SEC fucked up fair notice defense across the board with their terrible management of crypto. They can't let it happen after FTX when they actually need to start taking actions they didn't seem to really want to for past decade.

>>52922860
The problem is, no one can explain why holding XRP makes a lick of sense. What for?

>>52922888
2022 called. They want their jerkstore back

Ishigidigity

>>52922994
But in the lbry case the judge denied them the use of the fair notice defense. Doesn't that set precedent that fair notice isn't even allowed? Why does the ripple case have more weight than lbry?

>>52922888
allegedly there will be a large suit that will be settled immediately and set a strong precedent for future events.

>>52922860
>Let me explain something to you
no
all fields

>>52922968
Ripple has emails that implicates SEC in corruption under Hinman, releasing those will destroy SEC, literally and figuratively. Ripple already spent 100M on best lawyers in the industry, I don't think LBRY had anything close to that. Ripple got real clients with real use cases, I haven't even heard about LBRY before that case, literal nobodies. LBRY CEO laughed on twitter when Ripple got sued and he got what he deserves.

>>52922860
>>52922934
>>52922994
The funny thing is, even if Ripple gets screwed, all they have to do is just leave the US as other countries view xrp differently.

Bookmark this

>>52923036
You missed the BASEL III announcement by BIS yesterday. Every bank must hold 1% to 2.5% of crypto by 2025 and the only coin that fit the description provided was XRP.

Effectively, Ripple already won or the U.S. is being sent back to the dark ages, finacially speaking.

>>52926248
Here's the sauce on that:
https://www.wikibit.com/en/202212182504224228.html

>>52924328
Ripple Labs already stated that loss in the lawsuit simply means they will move the operations out of the country.
But Brad Garlinghouse and David Schwartz don't want to become fugitives from US law when the whole world is willing to unite and flip off the EU/City of London bullshit.
On the other hand, Gensler doesn't really have an iron clad assurance that him or many SEC officials could avoid jail time from the obvious ETH foundation pay to play bullshit, FTX scam collaboration and being in with DNC corruption enough to give them a pass, amongst host of other corruption cases that can bring down the agency altogether.
If SEC agrees to classify XRP as commodity from now on and hand the oversight to the CFTC, while Ripple Labs agree to hand over a suitable amount of their escrow (enough to leave XRP under firm control of US government) as a fine for violating fincen law (not necessarily about it being an undeclared security), XRP will finally have the regulatory clarity it needs and everyone wins.
But SEC is hell bent on retaining regulatory control for the players and are confident they will win the lawsuit based on the letter and spirit of the law, while Ripple Labs is unwilling to budge about paying a hefty fine and losing control over its own creation to the government. Brad and David are avowed technocrat faggots and nothing short of outright torture and depriving them of a few limbs will convince them it's not worth it.
Just shove Genslerjew and Gaylinghouse in a Bahamanian prison for a few weeks with niggers and Russian mob niggers doing interviews, maybe then they will finally sing a different tune.

>>52926831

The announcement says they can ONLY hold up to 2%... In reality 99% of them will hold 0.

>>52927072
Yes, a lot of delusional thinking going on around this case.
In reality, it's all about taking control of the CBDC rollout from EU/City of London crowd. This means they need to at least partially succeed in the lawsuit against Ripple Labs so that they have precedence to go against all the other players in the game here, which will have a domino effect globally.
If Ripple were to bend the knee here and forfeit a good chunk of its assets in escrow as fine to the federal government, they would be failing at the job WEF and globalism oriented foreign interest groups have set out for them by handing control over a critical asset to US government. Not to mention Brad and Schwartz will just be relegated to being outright gofers instead of some important behind the scenes larpers who think they can dictate the trend of history as shadow technocrats.
IF XRP gains regulatory clarity regardless of what it costs Ripple Labs, the asset will remain alive albeit the control exercised by the Ripple Labs will be replaced with CFTC and other US government oversight. Then it's entirely up to the US government to determine what the future value of the asset will be.

>>52922860
> Buy XRP
never

>>52922860
>XRP wins
>XRP MOONS to BTC market
>HOLY SHIT
>not even x20
lol

>>52927139

This is completely wrong and insane. Idk what the fuck you're even talking about.

>>52927352
Provide a different explanation of the significance of this case, if you can.

>>52926939
How would they be fugitives if they lose and relocate? They lose, pay whatever fines and then relocate? Hell the validators could vote to burn the escrow and not shit the SEC could do about it.

>>52927492
They refuse to hand over the escrow, obviously.
They are responsible for a mass market manipulation with XRP over a decade now with the assets they have in their escrow. Even if XRP goes to .75 cents now, they would have to hand over the whole thing in order to cover multiple tens of billions of dollars in fine SEC will be demanding in exchange for settlement, and that means losing control over the asset.
People know they have an NSA backdoor to BTC and crypto style control over the blockchain. Remember the article that was posted a few weeks ago regarding this very topic.
Losing control over XRP means they no longer get to play at being technocrat overlords, and failing their WEF buddies. Neither Brad nor Schwartz has any interest in being a 'nobody'.
Not to mention failure is tantamount to betrayal in those circles, and so is capitulation. That can end in blood.
Bill Gates had to hand over half his net worth and control over to someone else for his failure at Suez Canal and some specific cargo onboard the beached ship that was critical for 'climate change' scam.
Handing over control of XRP to US government, regardless of who is after them for what reason, is a failure they cannot repay easily.
They are fighting like hell to retain control for their groups as if their lives are on the line, because it is. They certainly don't trust the opposing side to keep them safe in case they capitulate.

>>52927544
And what happens if the vote to burn the escrow happens?

>>52927198


yo what site is this

>>52927565
The XRP in escrow now will be in the hands of the fed, and they can split it up, distribute it however they wish. 'Ripple Lab Escrow' will cease to exist, there will not be any votes to take it away from the US government.

>>52927544
>That can end in blood.
Bill Gates had to hand over half his net worth and control over to someone else for his failure at Suez Canal
Qrd?

>>52927602
The Ever Given container ship that ran aground in Suez and blocked the canal for a week straight had special cargoes to forcibly bring about 'glacial maximum' winter. Gates was excited and talking about blocking out the sun and all that, because of 'global warming'.
It was raided and taken off the ship by others. Gates failed in his task, and was soon forced to pay for his failure with the 'divorce' settlement that took away half of his net worth.

>>52927198
"Market Cap" doesn't exist in the New World. You're still using outdated concepts from the Old system.

>>52927640
I see, I thought the Ever Green shipwreck was to block the canal in order to break the supply chains and bring famine faster

Assuming that a certain outcome will come about because it's fair or follows the law-that's adorable.

>>52927590
But Ripple has no control over a vote like that.

>>52922888
you probably mean 2014 kek

Also, I regret anyone giving niggers internet holy shit.

>>52927198
still enough for me to buy a house and start a small business

>>52927544
>>52927640

Based, interesting things.

Floors going to drop out of western economies after new years until tax time/April. Unless some crazy shit happens, it’s going to be a long shitty winter.

>>52928140
how many XRP to make it?

This is your brain on xrp kek

>>52923064
the only non-fed, non-shill-retard in this thread asking real questions. why can't biz be full of effete men of etiquette, reason and culture?

>>52929733
Didn't the LBRY trial start after the Ripple trial? Wasn't Ripples original defense fair notice? I forget the latin, but you cant rewrite the rules after the fact. https://www.investopedia.com/terms/s/stare_decisis.asp since the Ripple case happened first albeit still ongoing it has historical precidence, meaning if Ripple wins on fair notice then LBRY could very well appeal on historical precidence.

>>52930226
Ex post facto law.
>Yes they can, they fuckin own the place.

>>52930321
And once again the escrow can be burned, Ripple Labs can be defunct and XRP is still around. Neato right?

Wow this board is mentally ill.

>>52922860
can someone tell me where to get the shirt in the OP pic? please

>>52930662
Polo Ralph Lauren Riviera Mesh Short-Sleeve Polo Shirt

>>52927198
>comparing shit to bitcoin

wow actual retard

>>52922934
>It's coming soon.
2 weeks to be exact.

>>52923263
A large fursuit that is

>>52926248
>>52926831
That's a limit, not a minimum. Holy fucking shit are XRPschizos both retarded AND illiterate?

>>52927640
who are these others?

>>52930646
Ripple literally has indirect control of most of their nodes and full control of the unl
Nodes that everyone defaults to. Thus why its a centralized shitcoin despite ripple insisting its not. Why would anyone spend thousands per year on hardware without rewards lmao

>>52934093
> Why would anyone spend thousands per year on hardware without rewards lmao
People and organizations run nodes because they benefit from the utility XRP provides and therefore have an interest in supporting the XRPL.

"The best incentive is no incentive"