/biz/ - Business & Finance

[Anonymous No.25273653]

XRP getting wrecked is the best thing to happen to crypto in a while.

[Anonymous No.25273668]

>>25273653
True. The 3rd place is open
This is the year of the Sergey

[Anonymous No.25273673]

>>25273653
what a scam

[Anonymous No.25273682]

>>25273653
Xrp holders losing money makes me happy

[Anonymous No.25273686]

>>25273653
They are still coping in their general.

[Anonymous No.25273691]

I have conflicted feelings, how did such an obvious scam last this long? And why did it take a fucking regulatory agency to achieve it? What does this say about crypto as a whole?

[Anonymous No.25273711]

>>25273653
$5 says that the schizo and Q anon tier cult movement was bought paid and organized by Ripple themselves

[Anonymous No.25273717]

>>25273682
I don't wish financial ill on anyone but the actual scammers at Ripple.
Although honestly Ripple was so blatant with their scammy coin shilling that everyone should've caught on long ago.

I mean, the quote in OP was posted publicly on Reddit ffs.
How many warning signs do you need?

[Anonymous No.25273729]

>>25273711
Probably. I refuse to believe for example the OOOOO posters are anything else then bots or paid shills.

[Anonymous No.25273732]

>>25273653
A gift from god.

[Anonymous No.25273735]

>>25273691
destroying xrp will make way for cbdcs

[Anonymous No.25273744]

I love all these NPC talks. Makes me want to load my bag more.

[Anonymous No.25273749]

>>25273691
Jews + retarded amerishitgoys
An iconic match made in heaven

[Anonymous No.25273777]

>>25273744
this... I'm doing my part to help my fellow ripplechads help our leaders like David Schwartz.. We have to prove their is demand despite the SEC trying to help China/Bitcoin by harming its only real competitor

[Anonymous No.25273783]

>>25273653
AHAHAHA

[Anonymous No.25273784]

>>25273653

[Anonymous No.25273886]

>>25273784
that's the worst thing about all this, Chainlink confirmed they'll dump LINK back to 4.80

[Anonymous No.25274110]

>>25273886
sauce?

[Anonymous No.25274158]

>>25273673
Linkies are the next getting screwed by the SEC

[Anonymous No.25274174]

>>25273653
With jews, you lose

[Anonymous No.25274212]

>>25273691
It means we have a lot of dumb money in the market. They'll eventually fold but there will be huge price swings because of that. If there was only smart people in Bitcoin, the price would never drop

[Anonymous No.25274218]

>>25274158
No.

[Anonymous No.25274261]

>>25273691
Christianity has been running for thousands of years people are retarded and fall for the most retarded narratives all the time.

[Anonymous No.25274287]

>>25274261
Yeah haha, fucking retarded fucking Christians.

[Anonymous No.25274294]

>>25274261

[Anonymous No.25274312]

>>25274287
Europeans would have built these things under any religion they chose to believe in.

[Anonymous No.25274332]

>>25274294
Here come the schizoids with Jewish names, believing in Jewish lore and praising Jewish saints, with a belief system based on the writings of Jews and a holy land in the middle east, but calling me a Jew and also Jews are bad.
You're exemplifying my point.

[Anonymous No.25274362]

>>25274261
>Christians build civilization
>man these people are retarded
>the state of atheist intellectuals these days is proof we'd be living in star trek utopia by now without them

[Anonymous No.25274366]

>>25274312
You're probably not wrong, but Europe only became Europe due to Christianity.
Europe and European countries were unified in the name of Christ under the Frankish kings and emperors, starting with Clovis I, who famously converted to Catholicism.

[Anonymous No.25274377]

>>25274332
I'm not even a Christian but literally 95% of the people I've seen attacking Christianity are filthy jews
the remaining 5% are LARPing pagans
don't tell me you're a larping pagan anon

[Anonymous No.25274400]

>>25274158
Cope

[Anonymous No.25274428]

>>25274400
Tbh it's true

[Anonymous No.25274434]

>>25274377
Thats because you're American and your country is full of uneducated, obese, drones

[Anonymous No.25274438]

>>25274428
It's literally not, see >>25274218

[Anonymous No.25274461]

>>25274174
This

[Anonymous No.25274500]

>>25273653
The funny thing is hit any normie page, hell even on biz xrp holders are still fucking delusional claiming the sec is going after the tall poppy.
Lmao


They're literal scammers this was warned years a go when they premined the entirety of xrp and started dumping it on idiots like clockwork, they literally always dumped as soon as they were legally allowed to and always for the maximum amount lmao

Like how fucking braindead you have to be to the see the directors board selling the entirety of their allocation as soon as they can and think hmm this is going far.


?????????? Fucking imbeciles, the sec had to intervene because xrp investors are literally braindead. No pity I hope you all go broke.

[Anonymous No.25274512]

>>25274428
Oh the xrp seething!!! Seeth child seeth

[Anonymous No.25274552]

>>25273711
They are the qtards of crypto

[Anonymous No.25274579]

>>25274158
Imagine being this low iq
Fuck man are xrp holders the bottom tier of crypto?

[Anonymous No.25274590]

>>25273682
I feel kinda bad for them. Most of them are just clueless brainlets.

[Anonymous No.25274606]

>>25274579
They are. DOGE has a higher ROI than XRP. A literal meme coin is a wiser financial decision than XRP. A meme.

[Anonymous No.25274619]

>>25274590
>Most of them are just clueless brainlets.
So were OneCoiners. The religious fervor and lack of perspective is shocking. I don't wish any ill on investors, but sometimes the forest needs a cleansing fire in order to grow.

[Anonymous No.25274623]

>>25273729
People have been posting “OOOOOO” for years for all cryptos. Are you new?

[Anonymous No.25274625]

>>25274377
Funny that Christianity is quite literally a Jewish invention. Paul was a Jew. All of the lore is about Jews. If you say Europe owes a lot to Christianity, you say Europe owes a lot to Jews.
>>25274366
Greeks, Romans, Northeren tribes, none of those were Christian at first and they already shaped Europe. Europe was never unified under Christianity not a decade went by without war between some factions.

[Anonymous No.25274656]

Kek, these dump shillers try to burn this thread, don’t believe in this shit

everyone knows that top Rebase protocol with low MC is xETH-G

Follow this one $xETH-G!!!!

[Anonymous No.25274676]

>>25274500
>>25274590
I have zero (0) sympathy for them. They are the nogs of crypto, never shut the fuck up when other people are discussing crypto, obnoxious and stupid.
They deserve to lose their money. Everything was shown to them, every opportunity to see that it's a scam shitcoin presented. They are too retarded though.
XRP holders deserve to lose every penny they put into XRP. Every last one.

[Anonymous No.25274681]

finally it comes true. BTC ETH LINK top 3

[Anonymous No.25274683]

>>25274625
>Greeks, Romans, Northeren tribes, none of those were Christian at first and they already shaped Europe.
I mean modern Europe.

Modern Europe was shaped by France, Germany, and England; and they owe their very existence to the Christian Franks.

>Funny that Christianity is quite literally a Jewish invention.
It was pretty much an anti-Jewish invention.
Not just on the general principles, but also the money meme, with Jesus chasing the money changers out of the temple.
The Jews hated his guts.

[Anonymous No.25274739]

>>25274683
>It was pretty much an anti-Jewish invention.
So a religion which holy scripture is about Jewish history, Jewish prophets and their God, with a holy land in Israel, and the main figure being a Jew himself, with a holy book written by Jews, and the first evangelists (Paul) being Jews, is anti-Jewish.

Ok anon, good luck with that cognitive dissonance. Guess XRP is the choice for you.

[Anonymous No.25274749]

>>25274739
It was so anti-Jewish that the Jewish establishment of the time had the guy killed.

[Anonymous No.25274750]

I love when normie females charge in on a high horse to wreck high iq fags for saying obvious things that they arent allowed to say according to the fascists who believe as Klaus put it "everything is illegal unless explicitly stated legal" in the 4th industrial revolution book

[Anonymous No.25274760]

>>25273653
lmao bitconneeeeeeect

[Anonymous No.25274767]

>>25274676
Exactly.
You try to spoonfeed this idiots and they'll spit it in your face.

Fuck em.

[Anonymous No.25274775]

>>25273653
The data told me to load up at 54c, so I did

[Anonymous No.25274875]

>>25274625

Nothing makes Jews seethe more than Christ. Literally the only thing modern Jews have in common is the denial of Christ. They worship themselves.

[Anonymous No.25274964]

Why did the sec target xrp when we know that every project in the space is dumping on investors hard?

[Anonymous No.25275089]

>>25273668
LiteCoin will pass it very shortly as it's going ACKSHLEE.

[Anonymous No.25275091]

>>25274964
Simply "dumping" on buyers means very little.
Selling items is the generally the whole point of a business.

The reason the SEC is going after Ripple is because it's a security, not a utility currency.
And the reason the SEC says it's a security, is because Ripple made buyers believe the price of the token would go up in the future.
See the Howey test: >>25274218

Of course, egregious selling only makes things worse, but it's only secondary.

[Anonymous No.25275192]

>>25275091
Prove it.

[Anonymous No.25275210]

>>25275091
SOLELY
NUMBER FOUR
SOLELY
O
L
E
L
Y

Brainlets (and women) miss qualifiers every time.
I'm a long hold and have no concerns.

[Anonymous No.25275222]

>>25275192
>Prove it.
Literally the point of the lawsuit. They will. The evidence the SEC has already announced is damning.

[Anonymous No.25275245]

>>25274218
Read number four there mate.
Are you a woman that can't read or process qualifiers?
When I say things like "If this...then that" and the person says BUT THAT DIDN'T HAPPEN.
Brainlet or woman has been detected.
They missed the "IF".
You have missed the SOLELY qualifier.
This is easy to beat back.
"Solely" has a specific definition and if there is ANY other reason then it passes the test and is not a Security.
ANY OTHE REASON.

[Anonymous No.25275256]

>>25275222
Checked.
See here >>25275210 and here >>25275245 my female brainlet fren.

[Anonymous No.25275319]

>>25274158
Yep. 99% of all ERC20 tokens will get fucked by SEC. That's why they are all dumping with XRP.

[Anonymous No.25275366]

It might have a wild ride like Bitconnect when it bounced few times even when everyone knew it's a scam.
Thinking about throwing a few hundred when it hits bottom in hopes it does those 30-50% bounces in its final death throes.

[Anonymous No.25275391]

>>25274625
Shut the fuck up you retarded mutt pagan larper, how about you stick to sucking Disney's Marvel cock instead of talking about things you have no idea about.

[Anonymous No.25275452]

>>25275391
Ok my guy, go buy more ripple Q is flipping the switch soon and Jesus will come down from the heavens as well to suddenly make you not a miserable loser anymore.

[Anonymous No.25275488]

Obvious bankers play to buy in cheap insert fire emoji rocket ship

[Anonymous No.25275538]

>>25275452
Imagine being such a paranoid mutt larper, how about you kneel some more to your nigger Thor god. XRP is a scam, Qtards belong in the same gas chamber as you pagan shitstains and BTC is the only thing that matters.

[Anonymous No.25275592]

>>25275245
How does Ripple not check number four?
Number four is only unchecked if the investor is also expected to put in effort so it's not a payment contract.

[Anonymous No.25275645]

>>25275592
What does the word "SOLELY" mean mate?
It means that even if what you said is true...if there is ANY OTHER REASON...then it's not a security.

It could be 99.99% for the reason you are saying. The .01% means that the SOLELY part fails.
Language is the most important thing in law.
They will focus on SOLELY and win.

I have some XRP, not enough to matter to me one way or the other, full disclosure.

[Anonymous No.25275662]

>>25274619
I saw an interview with Onecoin npc. They were like rabid zombies. Completely devoid of independent thought and denying all facts until it was too late. Like a cult.

[Anonymous No.25275697]

>>25275592
>investor is also expected to put in effort
>what is /xsg/?
ANY OTHER REASON.

[Anonymous No.25275723]

>>25275662
>Like a cult.
Cognitive dissonance is bad enough, but when it's coupled with hope (and greed), it's lethal. Some of these XRP YouTube videos sound a lot like cult brainwashing. How do you deprogram someone from that kind of self destructive false belief? Some of the XRP shills make Flat Earthers sound reasonable.

[Anonymous No.25275847]

>>25275723
It takes way too long to deprogram a single one with a huge effort. The entire group can only come to their senses after it's over and they realize their money is 100% gone, some are still delusional for a time and believe in a magic comeback, sometimes even get scammed more by imposters and spinoffs.

[Anonymous No.25275850]

CRipples are deluded retards. I get it that there is some Hopium addicts when it comes to real projects like BTC and ETH, but rippletards are a very special kind of short-bus drooling imbecile.

These noobs never bother to understand one of the most basic metrics: market cap as a tool for comparing relative crypto value. They focus on per unit price, and high number of tokens they own. No amount of convincing has worked and now I’m not sad that these lazy bedwetters are getting rekt.

[Anonymous No.25275911]

>>25275847
I think you're right. And to do that, you probably have to separate them from the mutual reinforcement they get from the group, which is pretty much impossible in our always online age.

[Anonymous No.25275926]

>>25275210
>>25275245
"Solely from the efforts of the promoter or a third party" refers to the fact that the XRP token price goes up due to the efforts of Ripple (price manipulations, project development, ...).

This is exactly what Ripple promised.

[Anonymous No.25275944]

>>25275850
>They focus on per unit price, and high number of tokens they own
Literally no one does this.
I am not an XRP fanatic, but I do peruse the schizo threads.
Nothing you said here is ANYTHING they talk about.

It's fine for you to think XRP is garbage and maybe it is. But what drives people to just spout off about bullshit?

[Anonymous No.25276008]

Honestly, i only have 1k xerpies, so its about 250 euro i invested in this out of pure schizo curiosity. If it booms, cool shit. If it goes to 0, thats alright too. At least I’ll own a piece of scam history on my ledger.

[Anonymous No.25276015]

>>25275944
Irl normies m80s not the ones who at least have the sense to peek at biz.

[Anonymous No.25276053]

>>25273777
Checked. Living proof you are in a cult bro. You are going down with your comrades, you are fighting for your leaders. Lmao please wake up man it’s time to leave

[Anonymous No.25276056]

>>25275911
If you look at xrp shill videos on youtube the comments are full of cultists patting each other on the back and magnifying mutual reinforcement to a degree any rational man would deem impossible.

[Anonymous No.25276058]

>>25275926
No. It's not.
You still are using SOLELY wrong.
Ripple the company did no such thing.
And even the comments of Scwartz don't claim this is their SOLE reason.

Legalese is written very specifically for a reason.
I am fine with waiting and seeing.
But I have a hard time believing they can prove the SOLELY portion. Which means it fails.

[Anonymous No.25276143]

>>25273777
China vs Jews: the epic battle for the soul of crypto

[Anonymous No.25276165]

>>25276058
Are you fucking retarded?

The "solely" refers to the distinction between holders making money by using the utility token and holders making money because Ripple made sure the price went up.

See pic, the SEC complaint against Ripple literally adheres to the Howey test word for word.

[Anonymous No.25276172]

>>25273653
So the founders got paid, the government will get paid for the settlement, and like always the ones who are cucked are the people.

[Anonymous No.25276214]

>>25276165
>the SEC complaint against Ripple literally adheres to the Howey test word for word
And that makes it so?
Really?
This is like me saying "9/11 was an inside job" and then you point me to the 9/11 Report and therefore I'm wrong.

Even in your own pic related the SEC doesn't use the word "solely".
These are two different things.
Learn to parse language.

[Anonymous No.25276231]

>>25276056
I guess it's just the human condition. Media has been conditioning people to believe in all sorts of bullshit for decades. 2 months salary for a diamond ring, put off enjoying your life until you're 65. Buy as much house as you can afford with a 30 year note, etc. Maybe I'm just too cynical.

[Anonymous No.25276238]

>>25276165
>See pic, the SEC complaint against Ripple literally adheres to the Howey test word for word.
Lawfag here, that's how they teach us to write our court filings. It's literally first week Legal Writing class. That doesn't mean the test is being applied correctly.

Not defending them, just pointing out reality. Personally I'm a BTC maximalist.

[Anonymous No.25276256]

>>25275944
You wanted an honest answer and you got one, immediately discarding everything negative and only wishing to hear positive replies so you can feel at ease about your worthless hold, like the pathetic newfag cultist you are
There's a reason /biz/ hates you, there's a reason you subhumans made yourself your own general to spread your illness in (remember that not even chainlink had daily generals like this)
There's a reason why XRP is regarded as the newfag coin.
But keep holding this trash to zero like the cultist you are, 2K EOY right? Not even 6 days left and you're still at 25 cents
But that's just me, have fun bagholding to zero anon, I'm sure the Jews at ripple dindu nuffin!

[Anonymous No.25276315]

>>25274212
If there was only smart money in crypto the BTC dominance would be 90%.

[Anonymous No.25276316]

>>25276214
>And that makes it so?
It makes the complaint so, yes.

And as you can see for yourself in just the few examples here: >>25274218
there's more than enough evidence of Ripple leading people to expect profits just from holding, because they (Ripple) would make the necessary efforts.

>>25276238
>Lawfag here, that's how they teach us to write our court filings. It's literally first week Legal Writing class.
Whoa, they teach you to write your court filings by referring to things like case law???
Who knew?????

>doesn't mean the test is being applied correctly.
We can see for ourselves that it is.
See the couple of examples here: >>25274218
there's more than enough evidence of Ripple leading people to expect profits just from holding, because they (Ripple) would make the necessary efforts.

[Anonymous No.25276328]

>>25273653
This is a reminder to never trust a Jew. These people have no problem fucking you over because they see you as dumb cattle.

[Anonymous No.25276335]

Imagine being such a anti property marxist to come after any company who says "Im trying to build value". Any farmer. Someday marxists may just go anti prolatariat and say any person seeking higher wages.

[Anonymous No.25276349]

>>25273886
They don't discuss price dumb cRipple nigger. Come up with better FUD

[Anonymous No.25276362]

>>25275944
>Ripple doesn't focus on token price
Are you having some kind of stroke?

[Anonymous No.25276380]

>>25276256
See...why are the non stop, rambling rants, against XRP that aren't rooted in any sort of reality?

I have probably .002% of my wealth in XRP. I don't care too much. I am intrigued by world finance.
Everything you said is based on basically nothing as far as I can see.
>you wanted an honest answer
I didn't ask you a question. The other guy I actually asked the question to answered reasonably and said he hear normies say this stuff. I literally NEVER talk to normies, so maybe.

You on the other hand are back to rambling about things I've never heard or seen any XRP holder do or say.
Yet you go on and on and on and on.
It is a very weird phenomenon.

I have been around since BTC was $2. I was actually buying and selling with BTC.
My online business has accepted BTC since 2014 (with basically ZERO takers btw).
I'm not new by any measure.
I just see a weird thing going on and comment.

Why do you INSIST on a rambling, incoherent, basically made up version of XRP holders?

[Anonymous No.25276394]

>>25276335
Companies can say "I'm trying to build value", but then they have to correctly register the asset as a security, not pretend it's a utility currency.

[Anonymous No.25276407]

What should I put my proceeds in from shorting?

[Anonymous No.25276414]

>>25275944
>Literally no one does this.
I agree with you, anon, but I have heard things like - normal people are lucky to be able to buy this because it's meant for institutions and we're getting in early, and people rationalizing the token market dumps. It seems like only people who don't grok the reason decentralized crypto is important are falling into this mental trap, and that's sad. They seem to think they're getting a leg up on banks who will have to buy tokens from them at higher prices and that's just not likely to be true. Institutions are actually buying Bitcoin now at market prices, but XRP holders seem to think that's going to happen to their coin also - with no evidence to show that's true.

[Anonymous No.25276435]

>>25276362
SOLELY
Jesus Christ is this forum filled with women?
I thought I was talking to men who understood language.
They can do what you are saying ALL THEY WANT if there are OTHER REASONS TOO.

[Anonymous No.25276484]

>>25276394
Meaning its an obvious conclusion for anyone non midwit status to piece together that an unprintable token being worked on to expand its own capabilities is reasonably seen to go up in value, not to mention ripple is the currency, not the company.

[Anonymous No.25276542]

>>25276414
>with no evidence
I'd say there is at least some indication that the Ripple crowd is in with the banks.
This seems a BIT disinegenuous.
Although what they say is "proof" is far from actual proof.

I think the BTC people are just as blind. The US is going to outlaw BTC eventually. It's too involved and infiltrated by the CCP.
BTC for sure a better bet at this point in time.

My understanding is not that they don't "get" what decentralized is all about.
It's that they think the winner, because of TPTB, will not be decentralized.

I don't hear them claiming it's a crypto. I hear them claiming it will go up because it's not.
It just bugs me that so many people are willing to go over the top into the entirely made up BS against XRP.
Basically the anti XRP people are actually in more of lala land than the XRP people imo.
I'm a XTZ and ALGO staker. So I'm not too concerned. But these trends interest me.
Why does the irrational hate come from?
Why not base the hate on REALITY?

The schizos and haters are two sides of the same coin.

[Anonymous No.25276551]

>>25276435
The phrasing is "expect profits solely from the efforts of others".
There can be other profits, there just can't be any promises of profits that are entirely due to the efforts of the promoter/third party.

The original Howey case referred to fruit tree groves. Obviously there was profit to be made from the fruit itself as well, but the case was about Howey promising gains from investing in the land on which the trees grew.

[Anonymous No.25276593]

>>25276551
Thank you for the reasoned response. This is lawyer talk and the first thing anyone said that makes me think the SEC has a stronger face value case.

[Anonymous No.25276601]

>>25273653

You do realize LINK's business model is exactly the same as XRP: dumping premined, worthless tokens on retail investors.

LINK is next. BIG fucking target reticle on Sergey's face.

[Anonymous No.25276602]

>>25276484
Lots of things can be "reasonably seen to go up in value". The problems start when the issuer of those things starts promising this.

[Anonymous No.25276659]

>>25276256
20 cents*

Lmao

[Anonymous No.25276680]

>>25276601
>You do realize LINK's business model is exactly the same as XRP: dumping premined, worthless tokens on retail investors.
Selling items (or services) is the entire point of virtually all businesses.
This is in no way a legal point in itself when it comes to securities.

The problem is that Ripple promised to make sure the token price went up.
This makes XRP fail the Howey test, making it a security.

[Anonymous No.25276716]

>>25276602
You dont seem to understand XRP valur isnt the company ripple value. Its an independent blockchain that they contribute to

[Anonymous No.25276727]

>>25276593
Here's another clear precedent: the SEC accusing Enigma of selling securities, because Enigma (like Ripple) was seen literally shilling future token price gains..
And again the SEC adheres to the Howey test word for word.

[Anonymous No.25276755]

>>25276716
The point is XRP is a security, because the "promoter" (Ripple) shilled future token price gains due to their efforts.

[Anonymous No.25276797]

>>25276755
So now blockchains can be securities based on a mindless wagie whom couldnt stop the "company" xrp youre so eager to rule a security

[Anonymous No.25276812]

>>25273691
>I have conflicted feelings, how did such an obvious scam last this long?

The same way the STINKlets are still operating : total financial illiteracy mixed in with delusional hopes of enrichment.

All of the Cripples swallowed uncritically Ripple's marketing deception, their claims of "adoption" the same way retarded STINKers uncritically accept of Chainlink's fraudulent "partnerships" like Gravelcoin and every other literal who shitcoin which was paid in LINK tokens to participate in the charade, the same way Ripple sent XRP to "partners" to feign business interest and activity.

LINK holders are the same low IQ bracket as Cripples, it's hilarious because they think they are the gatekeepers of knowledge.

[Anonymous No.25276816]

>>25276755
I don't think commentary by an employee is what they can base this entire thing on.
>>25276727
What do you think about the above as a stand alone part of the lawsuit?

[Anonymous No.25276817]

Hey bruh hester doesnt like xrp lets just shut it down. Yea not possible at this point id guess.

[Anonymous No.25276867]

>>25276680
>Selling items (or services) is the entire point of virtually all businesses.

FALSE. What Ripple and LINK are doing is a pyramid scheme type of activity, operating under a veneer of crypto services.

But there are no crypto services. LINK has not made a single sale of its services. It has no revenue.

ALL of LINK's revenue is from dumping premined tokens which were illegally issued in the first place.

Why don't you read the fucking SEC case against Ripple you drooling retard. I don't have to convince you, I'm totally indifferent to you losing money when LINK is taken down just like XRP. It's one of the top 5 biggest scams in crypto.

[Anonymous No.25276930]

>>25276867
Except many people use LINK to prevent flash loan attacks, etc

[Anonymous No.25276978]

>>25276867
How can anyone make such a stupid claim here really? Of course LINK has sold services and their oracles are used widely. This is even dumber than Hesters argument

[Anonymous No.25276985]

>>25274749
>The guy
Who was himself a Jew...

[Anonymous No.25276987]

>>25275538
Holy fucking based

[Anonymous No.25277036]

>>25276797
Ripple labs is more than "a mindless wagie".
They're the primary holder of XRP, the main/sole developer of the network. Ripple themselves say this, read the complaint.

>>25276816
>an employee
This is the CEO, CTO, and many others.

[Anonymous No.25277042]

>>25275538
The BTC thing to me is hilarious.
Big money and power controls BTC.
The miners that matter are all organized mega corporations in essence.
topkek

[Anonymous No.25277078]

>>25276316
No. He means you write the filings to win.
Taking the filing at face value is meh tier.

[Anonymous No.25277108]

>>25277036
Yes, an employee. That's what I said.
Are you arguing he's not an employee?

[Anonymous No.25277111]

>>25276867
>FALSE
Lel

>What Ripple and LINK are doing is a pyramid scheme type of activity
Link, not at all.
They are selling utility tokens, which have been in constant use ever since mainnet launched.

>LINK has not made a single sale of its services. It has no revenue.
The nodes have.
They have been using Link tokens as utility currency since the first day of mainnet.

>ALL of LINK's revenue is from dumping premined tokens
This is pretty much irrelevant to being a security or not.

>which were illegally issued in the first place.
lel, then explain how ETH was cleared as a security, despite the fact that a significant premine was sold as an ICO, just like Link.

[Anonymous No.25277142]

>>25277108
High ranking "employees" run the company, anon.

>>25277078
You can see for yourself that Ripple kept promising token price performance due to their efforts.

[Anonymous No.25277156]

>18 posts of pure unfiltered schizo cope by this id

[Anonymous No.25277164]

>>25277036
Main and sole arent the same thing. So clearly sole is a lie. Lets leave the hyperbolic language out of this. While XRP is proof of consesus so holding the most does give them control, there is no actual requirement for such it just is the case at the time. And if enough people bought enough eventually ripple would have no control of xrp. Theyre basically being sued for doing a slow responsible rollout of the network to a large well distributed network and youre up in arms over Schwartz stating the obvious that a finite supply resource will increase in value over an infinite supply fiat resource. Are you proud of being this sleazy to steal one extra dime for Sam?

[Anonymous No.25277246]

>>25273653
Disgusting Jew face. How could anyone trust this guy?

[Anonymous No.25277247]

>>25277142
Oh really?
I own some XRP and I didn't ever hear this employees comments.
Why did I buy?
I don't have much, but explain why I bought.
The SEC has some trouble proving this case is my main thing.

What is more intriguing to me is the Clayton resignation. Is this Trump stomping out XRP?
Why would he start with XRP, an AMERICAN company?
Then resigns?
A traitor to Trump?
A chinese BTC plant?

Now BTC is very clearly not going to fall under this umbrella, but BTC it appears to me to be very likely to be labeled a national security threat.
There is something very big behind all this and it's ALMOST as if there are a ton of shills intent on no one looking under the covers.

I'm not claiming to know anything. But this lawsuit is a major happening. XRP being first means something very big BEYOND XRP itself.

[Anonymous No.25277301]

>>25277247
connect the dots, this is all apart of Japan's plan to dominate crypto... USA vs China stuff is a distraction

[Anonymous No.25277327]

>>25276380
YOU ARE TALKING TO A BOT

STOP

[Anonymous No.25277344]

>>25277111
Chekt. The xrp schizo spams that garbage thinking it has an impact.

[Anonymous No.25277369]

>>25276930
>>25276978

Lmao, the delusion. Delusional shitcoin true believers always get rekt, ALWAYS.

[Anonymous No.25277389]

>>25277164
Ripple promised to make efforts to support the token price.
Ripple also kept saying the token has no use as a currency.
And that nobody but them could influence the price, see the section "Economic Reality Dictates that XRP Purchasers Have No Choice But to Rely on Ripple’s Efforts for the Success or Failure of Their Investment" for instance.

[Anonymous No.25277430]

>>25277247
>I own some XRP and I didn't ever hear this employees comments.
lel
Doesn't change what they said.

Again, the buyer's intentions are not really relevant, it's what the "promoter or third party" says or does.

[Anonymous No.25277446]

>>25277111
>They are selling utility tokens, which have been in constant use ever since mainnet launched.

The only purpose of the centralized, premined token is to enrich the owners. FACT.

Literally, word-for-word identical scam model as XRP.

Ripple claimed that XRP also had utility. Sergey's claims mean nothing because it's clear that dumping the illegal security token to US retail investors is the primary business model.

[Anonymous No.25277447]

>>25277301
I have a lot of dots. Connect them all and it's a black page.
Japan has basically cleared XRP as a non security.
I'm sure this will play in court at some level.
But how would Japan have influence over Clayton and our SEC?

USA vs China is not a distraction.
I've found that most crypto people have very little knowledge of world affairs prior to 2000.
The "pivot to Asia" was the plan since Nixon at least.
All the Kissingers and such were pushing it. It was planned to de industrialize the west.
It is manufactured, but it is as real as it gets.

The whole Trump vs China thing is very deep and involves global power structures.
The "MAGA" movement is Jews. But it's a real thing.
They all live in the USA.
Turning it into a shit hole started to worry a lot of them.

I'm not claiming to know too much, but if you think the USA vs China thing is a "distraction" you are missing the mark.
It might be a manufactured condition, but it is the entire deal currently going on and it's been brewing since the 90s.

[Anonymous No.25277454]

>>25274312
lmao thats fucking retarded. the cultural expression cannot be separated from the culture

[Anonymous No.25277477]

>>25277327
>the guy with the very long post addressing specifics of the other posters is a bot
>not the guy typing in all caps using six words that address nothing

[Anonymous No.25277503]

>>25273653
Personally I hope this precedent whittles down the shitcoins and chains to a well invested and supported dozen or so.

[Anonymous No.25277507]

Resist the urge to sell!
Buy the fear, $2000 is manageable
>source: https://twitter.com/search?q=%23xrp%20fear&src=typed_query&f=live

[Anonymous No.25277540]

>>25277446
>The only purpose of the centralized, premined token is to enrich the owners. FACT.
It serves as the means of compensation/communication/staking/... within the network.

They are sold as utility currency.
As long as Chainlink doesn't tell its buyers "hurrr price go up, we'll make sure of it", then Sergey could sell trillions of USD worth of Link tokens, and it still would never be a security.

[Anonymous No.25277564]

>>25277430
>if a tree falls in the woods
My point is not that you are correct or not. My point is the difficulty in proving such a thing.
We'll see of course.
I'll gladly admit I was wrong.
I'm not an expert, it just seems to me that the singling out of XRP is an intentional act and there is more here than what can be seen on the face.

I believe this "organization" is coming for the entire market. Being first isn't a bad thing.
It could be very good.
If they successfully beat this off.
Then they are THE ONLY ONES cleared by the SEC.
I'm holding my little bag to see.

[Anonymous No.25277566]

>>25277477
>a bot can’t write a long post because long posts are hard for bots
What the fuck dumbass shit am I reading. How about you learn to parse the difference between a LIVING SOUL and a pseudo-sentient line of code and stop giving bots the time of day.

[Anonymous No.25277601]

>>25277566
Look up "peanut gallery."
I'm not "talking" to the bot retard.
The bots are a canvas.

[Anonymous No.25277606]

>>25277540
Awfully reasonable. I expect a six word response and some ad hominems. The schizo can’t debate on the merits as they are clear. The whole thing is an exercise in whataboutism anyways, for some reason link gets singled out.

[Anonymous No.25277605]

>>25277564
>My point is the difficulty in proving such a thing.
They don't have to prove everyone (or even anyone) bought because of the promises.
All the SEC has to prove is that Ripple did in fact publicly promise future token performance due to their efforts, which they constantly did.

[Anonymous No.25277609]

>>25277246
I have never heard hes a practicing jew.
>>25277369
I dont hold LINK or XRP
>>25277389
Oh my godarino theyre promoting the technology as more than just a currency by introducing an entire smart contract ability. Now this is a crime too.
No simply put ripple cant impact the price of xrp. And they have ZERO fiduciary duty to do so. They ONLY want price to rise for their benefit. Aka they are private contractors who already paid themself with a variably priced salary. XRP at this point means nothing to them except they own a lot and want to unload. You seem to be confused like they "owe" XRP holders something

[Anonymous No.25277658]

>>25277605
I don't think it's that simple.
What is the legality of an employee making claims that aren't technically correct?
They will immediately argue this right?
I just don't think the comments of one guy is a strong case.
No matter what he said.
>inb4 CEO
Yes. I still don't think this proves anything.

[Anonymous No.25277726]

>>25277609
>theyre promoting the technology as more than just a currency by introducing an entire smart contract ability
No, they're telling people "token go up due to our efforts".
This makes it a security.
To be clear: there's nothing inherently illegal about that, but you do have to register securities.

And XRP would still be a security if Ripple promised token gains based on legit developments; but in Ripple's case "our efforts" also refers to things like "we'll distribute the tokens in a way that benefits the token price" or trying to get exchanges to list Ripple.
Which are double whammies.

[Anonymous No.25277853]

I had $1000 invested in XRP back years ago when it was at $0.22, the recent climb to $0.60+ I cashed out except for $100.

My friend got a second mortgage (yes they shilled me into it) and has $35,000 in XRP before the fall. Hes lost 2/3rds of that and still believes this is part of the “shake out”. He even quoted Coinbase that said it was the “safest place for your Xrp”.

I left my $100 in because this entire time I believed (and still do) that it’ll moon... because they’ll sell all their tech to Bitcoin.

[Anonymous No.25277892]

>>25274362
>Greece and Rome don't exist

[Anonymous No.25277901]

>>25277658
>What is the legality of an employee making claims that aren't technically correct?
These are the company leaders (CEO, CTO, etc.) saying these things.

[Anonymous No.25277917]

>>25277853
>because they’ll sell all their tech to Bitcoin

[Anonymous No.25277958]

>>25277901
So you don't know the legality of these people saying these things?
If they say there are aliens...are their aliens?
You didn't answer.
You don't know?
Does a claim by the CEO make it true?
This will be argued.

Is there a past example of a CEO saying a thing that wasn't true? Was true?

[Anonymous No.25278003]

>>25277958
Anon, these are company leaders speaking in their capacity of company leaders, not private persons.
Their decisions are company policy.

[Anonymous No.25278029]

>>25277853
>because they’ll sell all their tech to Bitcoin.

HAHHAHAHAHAHA CRIPPLETARDS ARE ACTUALLY THIS DUMB

[Anonymous No.25278071]

>>25278003
>decisions
And their public comments?
Your "point" is incredibly simple. Stating it over and over again means nothing.
I'm talking about LEGALLY SPEAKING.
Does an off the cuff comment make something true just because he's the CEO?
Can an EMPLOYEE be wrong?
Do you have any legal precedent to look at?

You would be outlawyered in 2.5 seconds.
Just repeating the same thing.
Hopefully for your "side" the SEC has better ideas and counter points.

[Anonymous No.25278112]

>>25278071
>And their public comments?
Their comments are made in the capacity of company leaders, talking about company policy.

Just look at the quote in OP, the CTO of Ripple literally says that it's Ripple's "publicly announced strategy" to maximize the price of XRP at least until Ripple sells all its XRP.

[Anonymous No.25278135]

>>25278112
>Their comments are made in the capacity of company leaders, talking about company policy.
Jesus Christ.
Forget it.

[Anonymous No.25278153]

>>25274590
Got a similar feeling.
But it's still funny.

[Anonymous No.25278180]

>>25277726
Again XRP is not any part of Ripple. Ripple has no fiduciary duty. These arent shares.

[Anonymous No.25278353]

>>25278135
You're still trying to cope.

These are the company leaders making public comments about company policy.
Their statements absolutely hold probative value.

>>25278180
Ripple Labs is the creator and developer of Ripple, and by far the primary holder of XRP, anon.

[Anonymous No.25278435]

>>25278353
>You're still trying to cope.
I'm rich from a business and my wife is an MD resident that will start at $370,000 next year.
I have no copes at all.
I just like understanding things.
Let me word it very specifically.
This is what the lawyers will do.

Is it POSSIBLE...that the CEO is wrong (possibly making him liable for this or that) and his comments don't mean it's a security?
This line of reasoning will have to be responded to.

You are basically claiming that "since he said it, it's true."
What do you say when they say "He was wrong"?
Where do you go from there?

[Anonymous No.25278442]

>>25278353
Those are quite the past achievements. But again Ripple owes XRP nothing. They can cut ties entirely anytime. And guess what? XRP would still exist. O
And again oh so now if i hold a lot of a coin i cant see it developed. Good to know because you could easily buy up 10% of a small cap and develop it yourself

[Anonymous No.25278532]

>>25278435
>I have no copes at all.
You clearly do when you try to pretend public statements made by company leaders (in that capacity) about company police don't legally bind the company.

>>25278442
So what's your point?

[Anonymous No.25278579]

>>25278532
>legally bind the company
no

[Anonymous No.25278602]

>>25278532
How can they both owe nothing to XRP and also satisfy what were arguing as "investment contracts". How can they make a contract, promise to increase value, on the investors investment into XRP when they dont control XRP or owe it anything per fiduciary duty. Again these are not shares.

[Anonymous No.25278628]

>>25278579
You're coping.

>>25278602
They created the XRP, gifted most of it to their company, and then shilled the tokens as securities without registering them as such.

[Anonymous No.25278776]

by weekend xrp will become a faggot low cap coin, then this tranny discourd group will finally be able to make one last exit pump and dump, thank me later
discord.gg slash 5Tq7qxkkRv

[Anonymous No.25278778]

Activate your almonds: “should” vs “will”. There are no guarantees.

[Anonymous No.25278785]

>>25278628
Do you mean sold the tokens as security? Because thats a false statement. They cant sell a share of Ripple as it hasnt IPOd yet. And again XRP is not shares of ripple. You cant promise the increase in value of a non share and have it count as an investment contract. Said contract must be as a share of the company. Schwartz was simply saying theyll keep working on it per basic austrian economics that they have incentive to do so and you the midwit takes it to mean whatever you want

[Anonymous No.25278805]

how long untill next dump, want to short more

[Anonymous No.25278844]

>>25278785
Securities, yes.

>they're not shares
And?

>>25278778
Fucking lmao, this cope.

[bollocksanon No.25278889]

>>25275944
>I am not an XRP fanatic
30 posts by this ID.

[Anonymous No.25278933]

>>25278844
You cant sell a share of something you dont own. You seem like a disgruntled investor who is upset at the distribution scheme. So if ripple only held 1% of XRP and was working on it, are they still the responsible party for it? You dont seem to get theres no fiduciary duty here to a blockchain.

[Anonymous No.25278964]

>>25278933
Anon, it's not about "shares".
It's about XRP being a security.

[Anonymous No.25278977]

>>25273784
what type of security detail would he have?
I mean just, look at him...Easy money for hard hitters to extort.

[Anonymous No.25278996]

>>25273717
this, to scammers and shills

[Anonymous No.25279030]

>>25278964
A security of what? How can something be an investment contract given by a company that doesnt own the security youre claiming its selling

[Anonymous No.25279041]

>>25274500
Miners dump
Sergey dumps

All the sec did was price manipulation

Who knows whats going to happen

[Anonymous No.25279064]

>>25279030
>A security of what?
Haha what?

>a company that doesnt own the security youre claiming its selling
Are you saying Ripple didn't own the tokens they've been selling?

[Anonymous No.25279109]

>>25278628
With what?
I have no significant money in this.
And my wife is hot too.

[Anonymous No.25279133]

>>25279041
Being a security has almost nothing to do with being "dumped".
Fruit growers, game creators, ... all "dump" as much of their shit as possible, but they aren't securities.

[Anonymous No.25279142]

>>25279064
XRP is a product like microsoft office, not a share like microsoft stock. I can see you dont grasp this. Good luck in courts, Hester.

[Anonymous No.25279180]

>>25273691
hello there

[Anonymous No.25279178]

>>25279109
You're trying to say statements made by company leaders (in that capacity) aren't legally binding.

You're coping.

>>25279142
>XRP is a product like microsoft office
And if MS told people "the price of your Office instance will go up due to our efforts to pump the price", then Office would be a security.

[Anonymous No.25279204]

>>25273653
normies getting raped is usually not so much of a good thing unless you want to buy low

[Anonymous No.25279250]

>>25279178
Now microsoft office is a security if microsoft tries to get paid the most money for it. Yea youre not correct just stop

[Anonymous No.25279315]

>>25279250
>if microsoft tries to get paid the most money for it
No, if MS promises their products will go up in speculative value, due to their efforts.

If they set a high price, and people pay it, then fair enough for them.
They could set the price at $1 billion per instance of Office, and it still wouldn't be a security.

But if they sold Office for 1 cent, and told people "we'll make sure the resale price will go up", then it becomes a security.

[Anonymous No.25279353]

>>25279204
It gets rid of shitty hypebeasts like Ripple, enhances the legitimacy of the industry, and (part of) the money will flow into more legit projects.

[Anonymous No.25279392]

>>25279250
Your comparison of XRP to MS Office was facetious at best. Show me the consumer intended use for XRP; Office lets me type shit up and print it. Further, an Office instance is not saleable on exchanges. Beyond that even MS has not said “we employ strategies to increase the price of MS Office”

[Anonymous No.25279452]

I longed at 0.22 expecting a little dead cat bounce but it just kept going down fuck
>t. Xrp shorter

[Anonymous No.25279473]

>>25279392
This.

>an Office instance is not saleable on exchanges
It wouldn't even matter, unless MS themselves tried to get it on there like Ripple did with XRP.

[Anonymous No.25279538]

>>25279392
XRP is a gas chain that pushes transactions. Many things are being built by many people to make the chain more versitile. Of course office is saleable on exchanges in the form of a NFT on opensea for a unique key to open a free market on it. And MS doesnt say that because it sounds ridiculous eventhough its true they constantly pour work into it for money they just dont explicity state such as it would sound silly but apparently i have to because you boomers dont get new technology

[Anonymous No.25279627]

>>25279315
Only a psychopath would try to make a product a security regardless of if the company intends to continue to support the technology and grow the value.

[Anonymous No.25279689]

>>25279178
>legally binding
>automatically make it a security
Brainlet.
Go slow.
These things are not the same.
If you just insist they are, that doesn't make it so.

I even said he they could be open to liability for these statements.
BUT THAT DOESN'T MEAN IT'S A SECURITY.
You are basically a woman with this "logic."

[Anonymous No.25279821]

>>25279538
>XRP is a gas chain that pushes transactions
According to Ripple, XRP is not a currency, and its primary use case is speculative.

[Anonymous No.25279860]

>>25279627
>Only a psychopath would try to make a product a security
No, only a psychopath would treat something as a security without registering it as such.

Blame the retards running Ripple.

[Anonymous No.25279874]

>>25277540
>It serves as the means of compensation/communication/staking/... within the network.

Literally the same argument Cripple made.

[Anonymous No.25279903]

>>25279689
>>legally binding
>>automatically make it a security
Well yes.

When the company leaders talk about how it's company policy to treat XRP in ways that make it a security, that's absolutely legally binding.

[Anonymous No.25279975]

>>25279874
Except Ripple literally says XRP is currently NOT a currency, and that its primary use case is speculative, see pic in >>25279821

Chainlink also never said it would make sure the token price would/should/will/... perform.

[Anonymous No.25280054]

>>25279538
A gas chain that pushes Tx is not a consumer productivity suite like MS Office. There is no use of XRP outside of a blockchain continuation. Companies that signed onto whatever ripple sold them dumped the tokens when they got them because there is no use for them, see >>25279821

An instance of MS Office isn’t intended to be re-sold, and you can bet your ass MS isn’t even aware of things like NFT derivative markets (but probably is aware of and trying to crack down on key sales) - compare to ripple aggressively pushing for exchange listings which they need to generate operational revenue. MS Office is primarily sold as a product to use not an item of speculative value.

[Anonymous No.25280073]

>>25279860
Unfortunately our argument has ended as i refuse to repeat myself but you have a long way to go to convince me a product can be a security. No one would enter an investment contract to increase value of something except: it benefits them and you can join in or they own the right to it. Here clearly it benefits them because they own some. This is the same as micrsoft working on their products so they sell as a premium

[Anonymous No.25280120]

>>25277917
You don't think Satoshi Nakamoto, the CEO of Bitcoin, is smart enough to see the value of buying Ripple's tech?

[Anonymous No.25280121]

>>25280073
>you have a long way to go to convince me a product can be a security
It's very simple: just follow the Howey test.

For most cryptos, the defining requirement is "expectation of profit due to efforts of the promoter".
And Ripple very clearly fails the test, making it a security.

[Anonymous No.25280130]

>>25280054
Small brain theories. XRP will eventually have smart contracts, which enables defi and oracles. Is eth not a product?

[Anonymous No.25280191]

>>25280121
Stop calling it the guy whom invented its name. Call it what it is a test to determine "investment contract" which you would never apply to a product

[Anonymous No.25280254]

>>25280191
And feel free to provide an example where a past non-crypto product has been deemed a security

[Anonymous No.25280257]

>>25279903
LMAO
You are a woman aren't you?
One does not follow from the other.
Claims and reality are separate.
You can be liable for claims you made.
People can sue you for claims you made and you can go bankrupt even.
But it doesn't change reality.
The lawyers will be arguing reality.

In fact, now that I think about it, it's POSSIBLE they tank the defense on purpose to shield their personal liability against the claims you are saying they made.
If they made incorrect claims, and can be made liable for these incorrect claims...it may behoove them to just go along.

But again, I'm interested in reality and not just blindly shilling against something I hate in some desperate HOPE.

[Anonymous No.25280298]

>>25280130
Ripple still doesn't have smart contracts, five years after ETH, even though it had years of head start on ETH.
Meanwhile Ripple kept telling people XRP would go up in value, something ETH never did.

How has this not made you run for the hills years ago?

>>25280191
You're coping so badly you want to rename "securities".

>>25280254
>provide an example where a past non-crypto product has been deemed a security
This is a joke, right?
Securities existed long before crypto.

[Anonymous No.25280302]

>>25276659
>.18 cents
anon i....

[Anonymous No.25280335]

>>25280120
Well since BTCs tech does nothing that makes some sense.
But being a BTC maxi or promoter and calling the guy that has the most BTC a "CEO" is a little bit strange.
Usually the entire community drones on and on about how decentralized it is and how no one is in charge as I'm sure you know.

[Anonymous No.25280387]

>>25280130
XRP just pivoted to “smart contracts” late this year, ETH had them years ago and indeed was the primary purpose of the network (the token gets you access to the EVM). A better metaphor than MS Office but still fails on the merits.

[Anonymous No.25280392]

>>25280257
This is some spectacular cope right here.

Ripple leadership SAYS XRP will go up in value due to their efforts.
This leads people to expect profits from the efforts of Ripple.

This means XRP fails the Howey test.

[Anonymous No.25280411]

>>25279975
It's not just a different cryptocurrency. It's a centralized and illegal scam that has been an IQ test for years. It's the same as Theranos (the only difference 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.

[Anonymous No.25280492]

>>25280298
Its the literal definition of what the howie test is determining is "investment contract" which makes something a security, which i am asserting XRP is not an investment its a product. Ripple didnt create transactions selling shares of their company with a promise of it increasing, they sold their product and said theyll continue to support it in hopes they can sell it for more

[Anonymous No.25280501]

>>25273729
You overestimate retards.

[Anonymous No.25280532]

>>25273653
This is the big thing that makes them fail the howie test, and why all the threats of "chainlink is next!" are meaningless.

Ripple is getting fucked because they advertised it entirely on the basis of "hold this and you'll be rich, bro". Sir GAY has done no such thing with link and only discusses it in terms of utility, never about token price.

[Anonymous No.25280547]

>>25280492
>Its the literal definition of what the howie test is determining is "investment contract" which makes something a security
So what's wrong with using the term "security"?

The Howey test is a test to determine whether something is a security. End of story.

[Anonymous No.25280561]

>>25280392
Says you.
Let's see.
Good'day m'Lady.

[Anonymous No.25280591]

>>25280561
>Says you.
Says SCOTUS.

The company leadership led people to expect profits from the efforts of the company.

[Anonymous No.25280594]

>>25273653
this could happen to a lot of shitcoins as well tho
seeing how a crypto can go down to 0 in a span of a week is not good for building investor confidence in the market
link, ada, maybe even eth 2.0 - all could get sued too and then what? we've already seen that a lawsuit is enough to wreck a crypto, no one even waits for the ruling in court because there is so little confidence in crypto
this is NOT good for the market

[Anonymous No.25280611]

>>25280547
Investment and product aren't the same thing. A product cant be an investment. I dont have time to explain basic economic terms to you.

[Anonymous No.25280617]

>>25280591
In another case with another set of circumstances.
Got ya.

[Anonymous No.25280625]

>>25280594
>this could happen to a lot of shitcoins as well tho
Only the ones saying "we'll make sure token price go up".

[Anonymous No.25280634]

>>25280532
They strike out in fear and projection, which is characteristic of the midwits that get ego invested in this clear scam. The sub 70 IQs that love the memes and the 130+ do the research. XRP is beloved by midwits - look at r*ddits enthusiasm for it.

[Anonymous No.25280692]

>>25280617
SCOTUS says it's a security if:
1) people invest
2) in a common enterprise
3) and are led to expect profit
4) through the efforts of the promoter/a third party (Ripple)

Ripple's leadership very clearly led people to expect profit from the efforts of Ripple, and thus XRP fails the Howey test.

[Anonymous No.25280736]

>>25280611
>A product cant be an investment.
Are you fucking listening to yourself?

[Anonymous No.25280754]

>>25280611
The first note of the Howey test should say "this applies to, per the name, investments in a company; do not apply the Howie test to a pencil"

[Anonymous No.25280800]

>>25280754
>its not me, SCOTUS is wrong!

[Anonymous No.25280833]

>>25280594
I agree. I don't hold any xrp scamcoins, and I also don't think other tokens like link are going to get charged either. Hell, it's possible that Ripple wins the lawsuit, although that's not very likely. SEC doesn't file a lawsuit like this unless they're pretty damn certain.

>>25273691
>I have conflicted feelings, how did such an obvious scam last this long?
I have a half-baked theory about this. We all know the fedniggers don't like crypto. They probably had this lawsuit drafted and sitting on their desk since 2018, waiting for the perfect timing to drop it.

And so, just after BTC breaks previous ATH and kicks off the golden bull run, they push out something against a major shitcoin, with the hopes of not just tanking the XRP scam, but also spreading FUD in the crypto market as a whole. Possibly as an attempt to neuter the bull run?

[Anonymous No.25280845]

>>25280736
Are you? A man who doesnt work for XRP meaning its not an investment in Ripple his company said he'll try to get XRP value to go up through hard work. Is a youtuber allowed to say "im trying to make my channel do better"?

[Anonymous No.25280888]

>>25280800
Scotus clearly said investment contract but you want to apply it to non investments. This board is and especially this thread is overrun with midwits

[Anonymous No.25280935]

>>25280845
Try typing that again, in English.

>>25280888
>you want to apply it to non investments
Anon, Ripple themselves say the "primary use case for XRP today is speculative".
See >>25279821

It's better you cope sooner rather than later.

[Anonymous No.25280961]

>>25280888
Now go read what an investment is, we’ll wait

[Anonymous No.25281006]

>>25280935
I have already clearly said i dont own XRP. Youre obviously at this point a bear shill. I did type my comment in english apparently its over your head. All the best, midwit. In the end it doesnt matter what we think and ill be thinking of you when im proven right and scotus rules in favor of XRP over some middle aged angry feminist marxist trying to expand law

[Anonymous No.25281037]

>>25280961
As i said an investment must be in a company equity. This is a product, not even owned by Ripple, not an equity sold.

[Anonymous No.25281057]

>>25281037
So if I buy a piece of land is that not an investment?

[Anonymous No.25281061]

>>25273691
Not sure where you’ve been but people have been calling XRP a useless piece of shit for years

[Anonymous No.25281083]

>>25281057
Correct its not. Someone can say this land will go way up in value so buy buy buy and they didnt all of a sudden make that land a security.

[Anonymous No.25281101]

>>25281006
You:
>XRP is not an investment

Ripple:
>the primary use case for XRP today is speculative

See the problem here?

[Anonymous No.25281107]

>>25281083
That said it could become one. If you use the land and sell the idea of profiting off it as equity shares, thats an investment

[Anonymous No.25281128]

>>25281083
You don’t get to redefine “investment”.

You also don’t get to skip the steps involved with the howey test in your scenario (ie common ownership, efforts of promoters, etc).

[Anonymous No.25281147]

>>25281037
>This is a product
So are securities.

[Anonymous No.25281238]

>>25273691
I had dinner with someone from SEC in Crypto enforcement around '18, and most of the convo was how XRP fails Hewey. They knew and have been building this case for years, this action wasn't some random knee jerk enforcement.

[Anonymous No.25281248]

>>25281128
Im not the one redefining it. You are. No one can predict the future thus no one could promise the value of a product going up, example the land i sell you. However if i sell you the profit share of the land or a piece of the land backed by the profit then it became your duty to protect my investment.

[Anonymous No.25281287]

>>25281238
Well this i couldnt agree more with. The main disagreement for me is these midwits yelling Schwartz made it a security.

[Anonymous No.25281297]

>>25280692
Yes, and him saying that doesn't prove it happened.

[Anonymous No.25281319]

>>25281238
Yeah, they were officially warned in 2012.

Pretty amazing how they kept at it.

[Anonymous No.25281356]

>>25281297
Him saying that IS it happening.

Him saying that IS 'leading people to expect profit from Ripple's efforts".

[Anonymous No.25281369]

>>25273653
I've said it for years.

KIKE
OGRE
COIN

You get what you fucking deserve.

[Anonymous No.25281387]

>>25281248
The dictionary definition of investment is “allocation of money with the expectation of benefit.”

[Anonymous No.25281407]

>>25281248
>No one can predict the future thus no one could promise the value of a product going up
This isn't about predicting the future, it's about leading other people to expect profits from your efforts.
You're really going off the deep end.

[Anonymous No.25281440]

>>25281356
Brainlet thinks the definition of "is" IS stable or even at thing.
We'll just see.

[Anonymous No.25281460]

>>25281387
And as i said unless youre a future teller no one can future predict a value so the reasonable expectation would imply a business strategy to generate revenue such as an equity in a company, not hurr durr im a realtor buy this condo downtown is hot itll go up in value, which no isnt now a security

[Anonymous No.25281480]

>>25281356
Let be little more clear for you.
>this is that
No.
It never "is".

[Anonymous No.25281519]

>>25281407
So you expect profit on XRP from Schwartz when he doesnt work for XRP? You sound like a bad investor.

[Anonymous No.25281543]

>>25281460
If the condo is sold with the premise that the seller will do work in the future to increase the price you bought both the condo and a promise of future work. They're separate things. The XRP token itself is fundamentally worthless and does nothing, the only thing you're buying is a promise of future work.

[Anonymous No.25281559]

>>25281407
Bro i promise the phone in your hand will go up in value. Boom security

[Anonymous No.25281608]

>>25277853
>because they’ll sell all their tech to Bitcoin.

HAHAHAHAHAHAHA YOU SON OF A WHORE I SPAT OUT MY COKE

[Anonymous No.25281635]

>>25273653

[Anonymous No.25281641]

>>25281543
I guess this is where we disagree about what Schwartz was saying. To me he said hell work on it so it benefits himself similar to the littledoggiboi from yfi strategy of if you like a platform work on it rather than here is an equity of our company that includes my work

[Anonymous No.25281655]

>>25281460
Hahaha just read the definition, you allocate money to something and think you’ll get more out of it later, bam that’s an investment. Reasonable doesn’t come into it. Art, cars, beanie babies, wine, watches, whatever, you can consider it an investment if the buyer (allocator) expects to earn a benefit.

A condo becomes a security if it passes the rest of the Howey test. For example, an individual who bought a condo as an investment, expecting speculative gain, hasn’t sold any ownership of it to others whom they are leading to expect profit, thats still an investment but not a security. If you bought a condo, then sold off 10% of it via chits or certificates or IOUs, and led people to expect a monetary benefit by buying them, then you would have a security.

[Anonymous No.25281732]

>>25281655
My brain hurts. Why am i posting with midwits in an XRP containment thread fml

[Anonymous No.25281765]

will it dump anymore and is it worth to put a small investment in whilst it's crashed?

[Anonymous No.25281793]

>>25281480
Look at what you're doing, anon.

>>25281519
Schwartz works for Ripple Labs, the creator and developer of Ripple.
The founders of Ripple Labs created the tokens, and gave most of them to their own company, of which Schwartz is the CTO.

[Anonymous No.25281854]

>>25281732
I guess the ad hom is easier than dealing with the cognitive dissonance huh?

[Anonymous No.25281868]

>>25281793
Yes Im aware they released a product. Maybe if they already had a RippleLab stock equity youd realize XRP isnt that

[Anonymous No.25281912]

>>25281854
Thats what you get when you dismiss my words. I said reasonable because if you dont include it my retarded aunt sally expects to make money from sucking dicks, doesnt mean it happens.

[Anonymous No.25282005]

>>25281912
Again with the reasonability! It doesn’t factor into what an investment is. Literally not in the definition. I already said as much.

[Anonymous No.25282459]

>>25273653
AHAHHAHAHAHAHAAHHA IF YOU CHECK OUT THEIR THREADS THEY ARE MAKING UP EVERY EXCUSE TO "BUY THE DIP" AHHAHAHAHAAHHHAHAHAAH

[Anonymous No.25282572]

>>25274158
this statement shows how new you are lol

[Anonymous No.25282583]

>>25276812
I hope you're right. Linkies get the rope