/biz/ - Business & Finance

>>53007603
Absolutely is.
Centralized, premined air token issued to raise money from the public.

1000% a big fat fucking security and the day this garbage company is forced to register with the SEC and issue filings like any other public company that issues securities, is the day that crypto will be free from the shackles of Shitcoinery.

Eth trannies are next, then the other 1,000 worthless shitcoins.

Only Bitcoin satisfies the requirements of a digital commodity, and chairman of the CFTC (the people that regulate commodities) has said so himself in public a few weeks ago.

Tik tok shitcoiners, tik tok.

>>53007603
Cirpples fear the truth. They can't even defend their shitty bags.

The seething that happens when Brad and Chris bend the SEC over will glorious to watch. Dont forget to KYC your wallets.

>>53007989
What is the medical name for the group of desperate bagholders that always linger well past the best by date on a shitcoin project, watching while it goes to $0?

>>53008111
Such hatred, afraid that Congress is going to ruin crypto? Kek, while the lawsuit is ongoing Ripple will be safe. It will be glorious.
Lol
Lmao

>>53008150
FTX has only hastened regulation of digital assets.
XRP will be the first to be designated an illegal security. Many other shitcoins, including ETH will follow.
That you braindead finance illiterates can't see the obvious is kinda funny. You've had all of the warning signals.

>>53008162
We shall see lmao. I am not sure xrp haters will be capable of coping from this though.

No investment contract. GG

>>53007625
in that same ruling he also said eth was a commodity as well.

>>53007603
So I own securities.
Literally so what.

Bullish FUD
We moon soon

>>53008162
You realize no one cares right?
How do you think the price goes down?
How are MY XRP securities?

I just pray it touches .10 again so I can buy in :(

Shoulda bought Link you baggies

>>53008162
>FTX has only hastened regulation of digital assets
This is bullish.

>>53008473
I don’t hold any LINK, but a good play I imagine would be to hold both.

Post shorts niggers
If ripple at some point sold xrp as an unregistered security they would have to pay a fine. After that they are the only crypto with legal clarity in the usa. What coins are up next do you think? What do you gluesniffing niggertards think will happen if it turns out all cryptos need to be registered at the sec? The case is only in the usa, other countries already use xrp. Post portfolios and show me what garbage you fudniggers hold

>>53009665
no one will use xrp if it's banned in the usa. if people didn't care about usa xrp's price wouldn't have dumped 80% on lawsuit announcement

>>53008111
Linkies

>/biz/ has been 100% incorrect about everything regarding crypto over the last 5 years
>they're right THIS time though

>>53007625
>crypto will be free from the shackles of Shitcoinery
Why would anyone except rich kikes want that?

>>53007603
He nigger, stop making XRP threads every day. How large are you btc/eth bags?

>>53007603
The whole point of Ripple company was to get rich from XRP. It was a known fact since XRP creation.

>>53008473
link is an erc-20 token
created on remix.ethereum.org.
Kek

hows that ETH ICO doing?
Will that sodomite Hinman show his emails?

>>53007625
>Only Bitcoin satisfies the requirements of a digital commodity
It's a security issued by Hall Finney, the inventor of BTC.
>b-but Satoshi didnt withdraw any coins
Yes because he is dead.
>He also was an early bitcoin contributor and received the first bitcoin transaction from bitcoin's creator Satoshi Nakamoto.

>>53010645
by creating a payment network for cross border settlement which can only only makes sense in the way they're doing it with a secure cryptographic digital asset. we did not buy contracts or promises, we bought a commodity that is meant to be traded. commodities cannot be securities

>>53010712
i perfectly typed this and extra words were inserted to obscure my post

>>53010591
/thread
nobody has been right on this retarded board ever since 2018
>BTC to $100k
>bottom is $20k
>XRP is the standard
>Monero is king
>LINK $1000 eoy
>CBDCs are crypto
>muh 4 year cycle
it's all bullshit

>>53010718
no you didn't
if it was perfect you would have taken a screenshot

>>53007603
>Yes, retail expects to ride the coattails of Ripple's efforts
Probably because Ripple literally told retail they'd do everything they can to make the token pump lol

>>53008174
Anon, I...

>>53007625
>>53008461
>>53010489
XRP has been around for almost a decade and it still does not belong to any ecosystem
you've seen the documents, the FED, IMF, BIS, and every large American Bank knows of Ripple and refuses to use XRP or purchase Ripple equity
You would think even if they're not ready to use XRP, they would be inclined to purchase Ripple stock and wait for implementation
The decision has already been made, Ripple and XRP are not a suitable solution for anything

>>53011473
Hopefully you don't own any xrp.

>>53010489
Why would it be banned ? Ripple the company would get fined, the ledger existed since btc, ripple is just using the ledger to provide cross border payments? Your comment is similar to saying a company used the internet to scam people so the government bans the internet. Like i said, banks can already use the ledger , the lawsuit only changes the way financial institutions see the company. Post your biggest holding now

>>53008194
>in that same ruling he also said eth was a commodity as well.

No. Most recently he explicitly said that BTC was the ONLY one he considered a digital commodity.

Nice try shitcoiner. Shitcoiners will fucking hang.

>>53008498
>This is bullish.

Absolutely.
Shitcoinery being regulated out of existence is the best thing that can happen now.

There's a reason a company onshore in the civilized world cannot make it's own XXXtoken and sell it to the retail public, withholding 60% of the float and then pumping and dumping it.

>>53010633
>Why would anyone except rich kikes want that?

Crypto was never meant to be a gambling cesspit. If you want to gamble, just go to Vegas or use those online casino things, and fuck off with your shitcoins and retarded leverage.

Shitcoiners will fucking hang.

>>53010691
Nice try shitcoin trannie.
The SEC is coming for you whores with your worthless premined, ICO air token garbage.

ALL shitcoiners will fucking hang.

>>53010663
ETH is mostly definitely an illegal security as they had a premine, they have a central issuer and there is currently something you can vaguely call a CEO (bit it's some unknow Jedi council of trannies) that sit in anonymity and decide about monetary policy, interest rates (what shitcoiners call "steaking" rewards) etc.

ETH, XRP, BNB, ALLL worthless shitcoins, ALL illegal securities.

>>53012107
>definitely an illegal security as they had a premine, they have a central issuer and there is currently something you can vaguely call a CEO
You have no idea what a security is.

>>53007625
>The government will finally make my bags moon
what a disgrace, kys

>>53007625
All shitcoins, including buttcoin, are the same. They will be classified as securities and there will be a boom in the cryptography industry as many crypto companies go public and merge with legitimate SP500 tickers. XRP baggies and the rest of you shitcoiners/buttcoiners are bagholding until you are absorbed by something like Microsoft for in game MMORPG transactions, or Crowdstrike as some kind of data storage/encryption. No one wants to use your shitty j*wish tokens when dividend stocks and precious metals exist. Imagine giving your grandchildren .001 buttcoins instead of a stack of gold, or a car.

>>53007603
hahahah no it isn't and 2023 will prove ripple to be the scam it always was: https://twitter.com/Dr_CSWright/status/1606917635815649280
Ripple CTO seething as he gets STIFFED

>>53007625
>chairman of the CFTC (the people that regulate commodities) has said so himself in public a few weeks ago.
Guess what else the CFTC said just last week.

>>53012159
Nothing stops me from holding both. The stiff shit does sound very faggy

>>53012165
Based David calling out the snakes that exploit the corrupt legal system

Lawyer here. People do not understand the actual ramifications of a crypto being classified as a security.

Ok you should have registered and maybe you’ll pay a fine. But once XRP (and basically all other PoS coins) are securities, you now have to go back and scrutinize EVERY transaction ever made in that coin.

Did Ripple ever purchase the services of developers by compensating them in XRP? Guess what, that’s unjust enrichment. Did protocol participants ever pay each other in a native token as part of the way the system works? That needs to be disgorged.

The development companies are literally going to be required to repay every single transaction ever made, priced in the dollar amount at the time the transaction occurred (aka everyone will go bankrupt).

I am in the process of divesting from PoS security coins and going all in XMR. This entire industry is going to be destroyed in 2023 and I am 100% serious.

>>53007603
>Prepare to lose everything.
nobody holds you scam coin you reverse fudder jeet
>>53012163
here's the real king

>>53012158
> many crypto companies go public and merge with legitimate SP500 tickers
What a fucking joke. Have you ever dealt with internal crypto company people? There’s nowhere near the amount of money industry as there is speculation in the future, which is waning.

Look up the protocol revenues of some of the “top coins” and they look like a suburban Outback Steakhouse. There’s absolutely nothing supporting these massive valuations and the moment cryptos are required to divulge their actual profitability (combined with the utility destruction of bending the knee to the US financial system) these little toy companies will go by the wayside.

If I had to imagine the future of crypto, it will be a system with USD CBDC as the gas and (for the most part) well known financial and social media companies building “protocols” that use the token. Everything that has ever happened in crypto in the past has been prototyping for this future.

>>53013208
The SEC sued Ripple for exactly the same reason they sued those other cryptos in the past: because Ripple devs told people they'd make the token pump.

Any coin that didn't do this, is still in the clear if Ripple loses.

>>53013270
> Any coin that didn't do this, is still in the clear if Ripple loses.
I know for a fact that this is not true. Look up the LBRY case, look up explicitly what the judge said. He literally said that even if LBRY didn’t pump their own token it STILL would have been a security.

That’s how the SEC works. They pick the most egregious example and make precedent for everyone else based off it.

>>53010771
>XRP is the standard
only schizos call it the standard
/biz/ consistently puts it in f tier

>>53013298
>He literally said that even if LBRY didn’t pump their own token it STILL would have been a security.
You're talking about the part in yellow in pic.
Note how the judge immediately backs it up with a literal quote from LBRY in green in pic.
That's literally the only way you can nail a company for selling securities; without that it's virtually impossible to prove intent. Which is why the SEC has so far never sued any crypto that hasn't literally told people they'd make the token price pump.

>That's how the SEC works
That judge isn't part of the SEC lol
The SEC never argued that buyers of LBRY tokens expected profits simply because LBRY kept a premine.

>>53013298
>>53013439
captcha ate my pic

>>53013439
Imagine being so emotionally invested in a stupid industry you have to use mental gymnastics to avoid basic reading comprehension.

>even though everything you said was right anon…
>I’m still correct because the judge “backed it up” with a quote about how LBRY pumped their coin.

You’re looking at the right part of the case. It’s staring you straight in the face. The judge literally says what LBRY claimed about the token doesn’t matter. “Intent” doesn’t matter. The “reasonable investor” believing something to be an investment is the standard. EVERYTHING is a security by that standard, which is what the Chairman of the SEC has essentially said numerous times.

Why do you keep coping that 2023 won’t be the death of this dumb fucking scam industry?

>>53013603
Scotus’ Howey ruling explicitly mentions “(…) led to expect profits from the efforts of the promoter”.
It’s not just the buyer expecting profits, that would be stupid.

Which is why the SEC didn’t use that argument in their complaint against LBRY.

>>53013675
Promoters are not necessary to make a security. They help build a case, but they’re not required.

The “efforts of others” are required.

>>53012132
>>53013208
>>53013439
XRP is a centralized and illegal scam that has been an IQ test for years. It's the same as Theranos (the only difference is 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.

>>53013693
> The “efforts of others” are required.
Yes, so it’s not just about the buyer’s own expectation.
Someone has to give hil that expectation, which means you have to prove someone intended to give him that expectation.

>>53013775
You don’t understand what they mean by “efforts” in a “common enterprise”. Is there a developer team? Are they dedicated to building the protocol? There’s your efforts. There’s your common enterprise. That’s all it takes really

>>53011487
Price prediction on xrp

>>53012132
>You have no idea what a security is.
Those are all definitions of a security.
Without Googling, you have 10 seconds to give me the difference between a security and a commodity, stupid shitcoiner FUCK.

>>53012151
The government needs to sort out the plague of shitcoins that have nothing to do with cryptocurrency.

Just like XRP, most of these scams are just software companies issuing a DOGCOIN to raise money for their operations, under some vague promises, with no legal strings attached. This is an unauthorized security offering. ANd just like XRP, most shitcoins are unethical and illegal.

You know what else is illegal? Fucking children. Just like pederasts, shitcoiners will hang from street lamps. Pic related.

>>53007603
Last time you people said naysayed about doge not going anywhere. When a coin is sufficiently bought big players will come in. nothing will come of this court Bullshit other than another wrongful delay. The financial advice from turd worlders and anons are worthless because you nigs have been wrong for a while now.

>>53013834
>You don’t understand what they mean by “efforts” in a “common enterprise”.
Look at the actual SEC v. Howey case that spawned the wording; it means the seller promises the buyer profits based on the seller’s efforts.

>>53012158
>All shitcoins, including buttcoin, are the same.

Wrong, shitcoiner.
Satoshi released a protocol to the world, distributed it globally and vanished, not having profited. BTC was a gift to the world. Decentralized, incorruptible digital commodity with no central issuer, no CEO, no single party deciding monetary policy and no single point of weakness/corruption.

That is opposite to what the SHITCOIN is: air tokens, printed out of thin air by the tens of billions, by software companies or groups pretending to be non-profits, meanwhile they retain 50-80% of the premine, dump the rest of on the spot markets while pretending to delivery some software solution, which they never do. The only purpose for shitcoins is to destroy hundreds of billions of dollars of investor capital, for nothing in return.

Pic related: your typical "decentralized" shitcoin that totally isn't a corrupt, illegal security.

They only get away with it because the wheels of justice are slow to move and shitcoiners are just so financially illiterate they don't even know what a stock or security is, and why regulations exist in the first place.

SHITCOINERS
WILL
FUCKING
HANG

>>53012165
ETH most definitely isn't a commodity, it will fall under the SEC.

You need to learn the difference between a security vs. commodity and only then will you understand why shitcoins like ETH do not qualify as commodities.

>>53013208
Oh look, an actual adult among a tidal wave of shitcoiner retards with $100 worth of BNB scamtokens.

Shitcoiners do not yet realized how fucked they are when guidance from the SEC is finally delivered.

They will hang on the day of the rope alongside the trannies and Jazz music listeners.

>>53013237
Cardano is 100% a security, and therefore fucked when SEC guidance on digital assets lands.

>>53008150
>Lol
>Lmao
Why do you homosexuals always do this? You make me wish it goes to 0 because you are acting like an arrogant chainlink prick

>>53010771
>XRP is the standard

XRP will be the standard for classification of shitcoins as securities. It will set the precedent for all other premined, centralized scam air tokens.

>>53013268
>Look up the protocol revenues of some of the “top coins” and they look like a suburban Outback Steakhouse. There’s absolutely nothing supporting these massive valuations and the moment cryptos are required to divulge their actual profitability (combined with the utility destruction of bending the knee to the US financial system) these little toy companies will go by the wayside.

Based knower anon. I've been telling these shitcoin niggers for years that their pet projects don't have any actual revenues from their supposed stated business models, and most of their actual revenue comes from selling premined air tokens to the spot markets while pretending to deliver somekind of software solution that's vaguely related to crypto: just look at VeChain and Chainlink as the prime examples. The only money they make is from dumping premined air tokens (100% illegal, everywhere in the world) on the public. Just smoke and mirrors to camouflage the Ponzi scheme.

>>53013706
Nailed it.
XRP has been a tier-1 brainlet filter for years.
If you held XRP for anything longer than a few hours in your life, you are among the lowest IQ of the entire shitcoin nigger distribution curve.

>>53014576
>promises
Wrong. Nobody “promises” profits. You don’t buy stock that “promises” profits.

Here’s your elements of a security based on Howey. I’m not debating these because you can literally google them in 20 seconds.

1) investment of money
2) in a common enterprise
3) with the reasonable EXPECTATION of profits
4) from the efforts of others

The LBRY case just said investors can have a reasonable EXPECTATION of profit regardless of what a development team says. The elements of an investment profit are all there. The vast majority of coins purchased are not consumed for their “utility” purpose. It’s like 1% or less. There are tons of people, like us on this board right now, who are looking at these coins obviously as investments. Courts are not fucking retarded, they are going to notice these things.

So no matter what you say about your fucking gas token, the “reasonable acquirer” will see it as an investment, so it is. Your entire industry is fucked.

>>53014772
>Your entire industry is fucked.

I hope they come down hard on Shitcoinery. What form do you think it will take?

I suspect the SEC is just going to come up with some "guidance" which will be treated as law, outlining the definition of a crypto security, crypto currency and then a crypto commodity (like XMR and BTC) which then fall under CFTC.

>>53014806
I basically agree. There will be some cases that establish a precedent (maybe Ripple), and it will become clear that any PoS coin meets the definition. Most PoS coins will fall in line by going bankrupt, because they won’t be able to pay the steep penalties to undo all of the illega transactions.

A few PoW coins will survive as commodities like BTC and XMR. Crypto as a development community will continue on, but all of the investment potential will be destroyed. The gas of all protocols will become a USD-CDBC, as they intended for a long time.

>>53014806
Nobody trusts sec "guidance", its all bullshit and proven to be so. Its just a regulatory racket at this point. Only insiders know who they will target next

>>53014806
I'm thankful for my fellow tranny for doing 19pbtid and keeping this thread alive.

XRP will die.
So will XRP holders when the final nail is revealed.
No above, only below.

XRP The Standard of Getting Rekt.

Bumping until Cripple gets a bullet to the head.

>>53014650
Unfortunately the arrogance of glowies and shills force a change in the response.

Lmao
Rofl

>>53014408
$3.33-7.77 after end of lawsuit
$13.33-33.33 after announcement of XRPL being used for CBDCs by IMF/BIS

>>53016154
Not quite that simple, who will give a shit about dollars with CBDCs being the standard?

if you guys haven't been playing the XRP ARG on /biz/ these last few years you've really been missing out, it's right up there with Cicada 3301, Qanon and Christianity. one of the GOATs of all time imo opinion.

>>53016199
>what is the IMF SDR Special Drawing Right of the International Monetary Fund
its almost like the Bancor was waiting for the right technology to catch up and get developed so EF Schumacher's multilateral clearing system could get deployed

but meanwhile the petrodollar had assumed global reserve currency status and after the twin coups of 1963 and 2001 the world system had been subsumed under supranational cabal rule. a neutral bridge asset (and a global network connected to all important stakeholders) are the prerequisites for a transition from a unipolar system to a multipolar level playing field.

>>53016154
>>53016208
>>53016230

What's the medical name for this condition?

one way or another /biz/ will be wrong on this one

"I hope"
"I suspect"
"Premine"
"No utility"
Half of this board is going to seethe and rope when ripple gets a small slap on the wrist. Xrp gets legal clarity , other coins need to register, 90% of the industry collapses, eth and a handfull of other coins get a pass. That day will come and it will be fucking glorious. How will you retards cope ?

>>53018149
the erc-20 tards are going to rope

>>53013603
Buddy, the wording says "reasonable expectation". It's almost impossible to prove any tacit effect in court, which is why the SEC has never gone after any crypto that didn't explicitly and literally tell people they'd pump their token.

>>53014772
>Wrong. Nobody “promises” profits.
Look up the Howey case, dumbass.

>>53014526
>Those are all definitions of a security.
Apparently you don't know what a definition is either.

>>53014600
>You need to learn the difference between a security vs. commodity
lol apparently so does the CFTC

You people are absolutely precious.

>>53018340
>a bunch of non arguments with thinly veiled condescension
you got BTFO

>>53018370
lmao yes I got BTFO by the lawyer who thought the New Hampshire circuit judge was part of the SEC, and the faggot claiming the CFTC doesn't know the difference between a security and a commodity.

>>53018149
Whoa whoa whoa, we are being fed clear actionable legal advice that xrp is an illegal security. If that is not true i can sue right?

>>53016396
https://youtu.be/--UntiMg1SI?t=669

>>53014718
actually its other way around. XRP attracts the minority of the curve; the low iq "XRP moon 2000$ partnerships EOY" and the hiqh iq technical analysis guys who see the parterships. all the middle bell curve normie npc:s will miss the moon mission because "xrp is a scam thats what i got told by my favourite youtuber and tiktokers and crypto-twitter redditors all can't be wrong!"

>>53019108
>the parterships!!!!
you are on the low end of the IQ bell curve thinking that you're on the high end (on the other hand the XRP curve looks more like a ramp that reduces to 0 at 95IQ)

>>53010653
wait, did sergey just fat finger some buttons on a website and the rest is marketing so people give him money?

XRP is the standard. Non-XRP holders on suicide watch :D

>>53007603
hurr durrr security
>shovels corn syrup laden food into mouth
huuurrrr durrrrrr SEC
>climbs onto mobility scooter like a beached sea lion
HURRRR DURRRRRRR Howey test
>drinks a gallon of coca fucking cola
there is a world outside of burgerland you know fucking fat yokels

No one is going to give a fuck when mantle network drops.

>>53013268
Thats the problem frendo, and it has been discussed ad nauseum. You have over 2000 threads to figure out why your stance glows and is outright wrong.

XRP isn't even PoS based
lol, lmao even

>>53007603
>(2) in a common enterprise
>yes: XRP Army, XRP Holders, XRP Influencers
If third parties pumping the price would count as a common enterprise, then all other crypto would also qualify for this prong.

>>53019108
>the hiqh iq technical analysis guys who see the parterships

Lel

>>53021176
>then all other crypto

Correct. 99% of shitcoins are illegal securities. XRP is the first one targeted by the SEC because it's such an egregious example of securities law violation, and it will set the precedent for regulation of all other shitcoins.

Only a handful of cryptocurrencies would qualify as digital commodities, BTC, XMR, perhaps LTC, and that's about it.

>>53021269
>BTC, XMR, perhaps LTC, and that's about it.
What I'm saying is that these too would qualify as a security under that definition.