/biz/ - Business & Finance

Howie test says security = implication of gains, so stablecoins, shitcoins, and anything economists recommend against are not securities

>>55722711
XRP isn't the judge has already ruled on that.
Only way it isn't is if the SEC appeals which will take a long time.

Can someone please explain to me why certain crypto's being securities is a bad thing?

>>55724583
stupid detected

>>55726246

>>55724691
it doesn't matter yet, but it will

>>55722711
Not XRP mofo.

>>55726246
Seethe retard, XRP is not a security is not a personal opinion, it’s law. Kys

>>55726362
>>55726314
99% of it is even now, plus the statement will be appealed

>>55726246
Congratulations on getting to level 2.

>>55726425
>99%
Made up number, your birth will be appealed

>>55722711
>Every. Single. One.

Yes, all of the shitcoins.
There never was a need for anything besides Bitcoin.
Ethereum was a mistake, and everything that followed it.

>>55724691
>Can someone please explain to me why certain crypto's being securities is a bad thing?

Well for one, if like every other software company listed on a stock exchange, the various scammer developers have to register with the SEC, they have to procure the services of lawyers and accountants and create all of the filings and disclosures that the law requires to make the public informed of the risks.

During the scam years 2016-2022, you could just print a trillion tokens out of thin air, keep 70% of them, market the scam coin as some future technological breakthrough (like some bullshit buzzwords like "decentralized oracles" lmao, who needs that?), purchase a bunch of corporate and celebrity endorsements to trick the plebs into believing you have a legit software product, and then you dump the token for 6 years straight, raising billions of dollars, without providing ANYTHING AT ALL. Pic related.

The era of shitcoin scams is over.

It's it's not Bitcoin, it's a shitcoin.
If it's got a premine, it's a DOUBLE shitcoin.
If it's a premine and had an ICO, it's an ULTRA NIGGER shitcoin.

>>55724583
XRP is one of the most egregious and obvious securities fraud cases out there.

Retarded judge, this will get overturned.

>>55726604
cope

>>55726604
Its a pity your opinion on the matter means nothing. The judges opinion on the other hand does.
Cope harder.

>>55726604

No. It won't.

how can they be securities if I dont feel secure buying and holding them

>>55726611
>>55726650
>>55726689

It's an illegal security.
But even beyond that, how stupid do you have to be to purchase and hold a premined fucking air token that was printed in the trillions out of thin air with nothing backing it? Lmao

Anyone that publicly admits to owning XRP is really a drooling financial illiterate.

>>55726604
“XRP is a security” is a personal opinion just like “ETH is not a security” and “BTC is a commodity”

>>55726725
>It's an illegal security.
No. Unsure how you came to that conclusion.
>premined fucking air token that was printed in the trillions out of thin air with nothing backing it? Lmao
Trillions? Once again wrong.
Why do you feel the need to lie so much?

>>55726725
What's backing BTC? Honest question.

>>55726823
The mere fact that most of the shitcoin niggers on here do not even know what Bitcoin is, is depressing.


If it is an honest question, for one, it costs approx. $16,000 USD to produce one Bitcoin, unlike premined shitcoins such as LINK and XRP, which are created out of thin air by the billions, and there is no impediment to just printing billions more, because of their central issuance (RED FLAG for securities law violations).
Beyond that, there's the billions of dollars in computer hardware performing the computations around the world to secure the network, the first mover advantage, the fact that in 12 years not a single Bitcoin was produced fraudulently or spoofed.
Bitcoin doesn't have a corrupt distribution where the central issuers hold back 60% or more and than dump the tokens on the market to fund themselves (Satoshi has not moved a single Bitcoin from his stack, now worth billions of dollars).

Etc. etc. ad nauseum.

Listen to some interviews by Michael Saylor. I think he did a good one a few weeks back on PBD Podcast, explaining why Bitcoin is a digital commodity, while shitcoins like ETH and XRP are not, on a fundamental, technical level.

I get that shitcoiners are mostly poorfags desperate for a 10x. But just because you can buy 500,000,000,000 DOGE-NIGGER-SONIC COIN for $100 does not make it better value than $100 worth of Bitcoin.

>>55726755
>>55726788
XRP is an unauthorized security like it was before the erroneous ruling, and it will be again shortly.

>>55726994
So it's the average cost of mining the coin? Because different hash rates and different power costs have effect on the price.
Thanks.

>>55727079
Have no effect*

>>55727079
>So it's the average cost of mining the coin?

Clearly not, because Bitcoin is trading higher than the cost to mine it by almost 50% more.

Look at all these securities I found out in my yard.

>>55727111
So it's only 50% backed then.

Xrp has legal clarity. XRP has no environmental impact. XRP is backed by IMF, WEF and BIS. Ripple partnered with the US Navy to create injectable technology to work on the Xrpl. Ripple is working with multiple countries to develop cbdc's. XRP has instantaneous transactions and miniscule fees. XRP works without the internet. Let the haters dilate and cry.

>>55727163
Ah, a shitcoin nigger.
No, it's trading at a 100% leverage to its production cost because it is the best digital asset in the world that demolishes the US Dollar by an average of 50% every year. Already demonetizing gold as a store of value, and just this year it's being accumulate by institutional investors, and will soon back pension funds, ETFs etc. etc.

Your shitcoins on the hand, they go here:
https://99bitcoins.com/deadcoins/

>>55727425
>. Ripple partnered with the US Navy to create injectable technology to work on the Xrpl.

When BMW partnership?

>>55727129
Oranges are a perfect example of a commodity, because like Bitcoin, they cannot be created out of thin air and dumped on the market.

You need to invest millions to acquire the acreage, mechanized farm equipment, labour etc. to participate in the orange market.

You can just hit "enter" like Brad Garlinghouse from Cripple, and print trillions of shitcoins of nowhere, advertise a fictional "banking usecase", and then dump on the idiots that fell for it.

XRP and LINK and Vechain are basically the same business model. I don't get why they all hate each other so much. Their struggle to find gullible idiots is a common cause.

>>55727002
Uhhh bitnigger? You seem to be very opinionated but you should at least refer to the United States Law to try to get your opinions a little straight, like the bitcoin is not commodity legal standing point.
You know it’s not a commodity right?

>>55728065
You need to know what a commodity is to have an opinion.

>>55727425
>backed by IMF, WEF and BIS.
yes we know you are all traitorous lying jews @ xrp

>>55722711
>in crypto for 4 yrs now
>have no idea what a security is even though Ive heard people talk about it and read about
>information just doesnt stick
>160k crypto portfolio rn

being retard has its perks. literally immune to propoganda

>>55726599
yes. thats the new paradigm
95% of liquidity will go to BTC and 5% to insider rugpulls like sbf/bald token
altcoins are finished

>>55727497
Are pokemon cards securities?

>>55728127
cope
seethe
dilate
spread
suck
gargle

>>55722711
honestly we should just nuke the US and all our problems would go away, i think you burgers are pretty funny but you lost complete control over your kike handlers and we are all suffering because of it

>>55722711
Your is a security and the SEC is coming for it nigger

>>55726568
Even you, the poster is a mistake

>>55726599
Lol Bitcoin is outdated spaghetti code premine fuck off lmfao

>>55726555
>99%
>Made up number
Not completely made up.

It's about the fact that a larger percentage of tokens was sold institutionally - which the judge declared as securities.

>>55728119
Apparently you don’t know what a commodity is
>>55730407
>not completely made up
Literally completely made up, the real number is declared by United States law. You need to learn to cope and stop shitting out random, irrelevant opinions coming from the imaginary bitfuck world inside your retarded brain.
>XRP is a security
This is a personal opinion
>ETH is not a security
This is a personal opinion
>BTC is a commodity
This is a personal opinion

>>55722711
I'm fucking tired of this bullshit. Declaring everything a security is jut a move by Gensler to short BTC and many other altcoins.
I'm still hoping that Kava manages to to really bring Cosmos to the next level with its incentive program. Otherwise there's no point in even trying with this shit.

>>55733383
*ahem*
ATOM is a security. Cope.

>>55733383
>some ghostchain is gonna stop the (((SEC))) from fucking up my bags
great logic

>>55722711
JUST GET ME OFF THIS FUCKING RIDE ALREADY

>>55732707
My personal opinion is that you're a naive retard
>>55733396
Don't worry, the ride will end within a few years.

>>55722711
>>55726246
>>55726604

cope

>>55733396
Off of you illiterate nigger.

>>55727497
Can surgery hit "enter" and print more tokens?

Just imagine the seethe if Goldman Gensler takes down the scamcoin casino known as ETH.

>>55722711
what's the problem though? I don't give a fuck if the thing i sell or use is called a "commodity" or a "security". like yeah whatever bro i'm gonna go ahead and buy joe schmo's commodity here for $10. Err, I mean I'm gonna go ahead and buy joe schmo's security here for $10.

>>55733924
That’s a pretty bad opinion you got there. It’s a known fact bitniggers are incapable of coping and are seething over the fact that >>55732707 factually correct in every way.

>>55727002
2 more weeks
2 more failed lawsuits