Reply With QuoteI am long bitcoin. Just saying.
Working as intended: There has been a 900% increase in total money lost to crypto scams since 2020, according to the Federal Trade Commission's latest figures.
https://www.npr.org/2023/06/25/11802...ctims-spirebit
Someone who lies about the little things will lie about the big things too.
I am long bitcoin. Just saying.
Someone who lies about the little things will lie about the big things too.
Based on?Originally Posted by Raffe
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I am following the stock-to-flow model, apparently bitcoin will be $100,000 within weeks and $1,000,000 in 18 months.
Someone who lies about the little things will lie about the big things too.
My long term MSTR holding (disaster) popped back above 50% down today.
Going on Raffes prediction Ill be a millionaire in 18 months.
Whoooooooop. 🚀🚀🚀
An excellent model.
May I also recommend the dulcet tones of Max Kaiser.
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Extremely bullish chart.
Someone who lies about the little things will lie about the big things too.
There's certainly no shortage of BazballTM going on over there.
Is Bitcoin Growing Centralized? The Impact of Michael Saylors BTC Buying Spree
Huge if true
https://twitter.com/WatcherGuru/stat...QuH0J1yJw&s=19
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Lolz. He has an ETF to sell.
Someone who lies about the little things will lie about the big things too.
How strange all these companies suddenly seem keen on BTC (now they might be able to take a fee slice..)
They couldn't care less whether you are buying US equities, venture capital or crypto - as long as they can charge you 150+ bps for it.
I can assure you Larry hasn't changed his view, but he has something to sell now.
Someone who lies about the little things will lie about the big things too.
Here you go, an opportunity to step in and 'make the difference' perhaps?
On July 5, 2023, Kevin L. Adkisson, a named executive officer of MicroStrategy Incorporated (the Company), informed the Company of his resignation from his position as Senior Executive Vice President & Chief Revenue Officer effective immediately. Mr. Adkisson will remain with the Company as a non-executive officer employee in an advisory capacity for a transition period that has not yet been determined.
Phong Le, the Companys President & Chief Executive Officer, assumed Mr. Adkissons responsibilities as head of the Companys sales organization and sales function as of July 5, 2023.
https://www.microstrategy.com/conten...k_7-7-2023.pdf
RIPPLE WINS!!
LFG!!
https://cointelegraph.com/news/rippl...a-security/amp
This guy sums it up well.
XRP up 26% so far.
https://twitter.com/adamscochran/sta...EWGpd8P93me7Rg
Lolz, my BTC position has jumped on this. Crypto is really a joke, BTC has long been declared not a security, so if anything it should suffer from this decision. But then it's crypto and the bros are not very smart.
Someone who lies about the little things will lie about the big things too.
Another blow for the SEC, how many tax dollars were wasted on this?
A guy in my town is a proper tin foil hat wearing XRP looney, but hes made a shed load of money out of it
Except that the SEC did not lose, maybe you should read the ruling rather than getting your information from @cryptoexpert56678 on Twitter?
The direct sale of Ripple coins (XRP) to institutional investors constitutes the sale of a security, and requires filing of disclosures as per securities regulation. The exception for exchange-based sales of XRP to consumers only stems from the fact that the sales by Ripple (the issuing company) make a minor part of the totality of XRP exchange transactions, so no buyer of Ripple via an exchange could know if they are buying from Ripple (the company) or from another speculator. Apparently that is reason enough why securities consumer protection does not apply to XRP sales via exchange. I am sure somebody will be along in a second why securities legislation applies to exchange-traded equities, where the same reality applies, but not to XRP.
The crooked reality of consumers celebrating that consumer protection does not apply to their trading is something that can only happen in crypto land. I feel pity for those idiots who bought at $0.90 half an hour ago, it has dropped almost 20% since.
I am willing to bet £50 benefitting the TZ-UK charity that this ruling will not stand by 31 December. Any takers?
And as expected, the crypto world is already doing what it's best at: trying to rip off the gullible.
Someone who lies about the little things will lie about the big things too.
XRP Up massively because the SEC won? Thats odd
Nothing is ever odd in Cryptoland. Doge will go to a Dollar and I just read that people are handing out price targets of $250 for XRP. Elon will fix it.
It's the future of finance after all, innit?
Meanwhile the monkey NFTs are approaching a firm base price of zero.
Someone who lies about the little things will lie about the big things too.
They're not monkeys, they're apes. Bored apes to be precise.
Monkeys have tails. Don't you know anything?
https://www.afr.com/technology/bored...0230706-p5dm7c
Never seen the back of one.
Maybe the NFTs are apes, but the owners are monkeys. Can we settle for that?
Someone who lies about the little things will lie about the big things too.
That's a done deal.
Buy monkeys, get peanuts.
Cheers..
Jase
Coinbase also pumping off the back of the XRP ruling.
The ruling states that XRP/crypto tokens bought via and exchange are not securities. This will likely mean that institutions will have to buy their crypto via exchanges rather than OTC or direct from the issuer, which will be a massive boon for the exchanges, but will also mean that the price of those tokens does gets pumped (and dumped) when institutions buy large quantities of them on exchange.
The ruling presumably also means that the tokens like SOL & MATIC that were declared securities by the SEC can now be declared not securities again?
Never a dull moment in crypto land!
Does Gary Gensler quit?
He might be accused of wasting a quarter of a billion dollars of tax payers money on these legal battles which hes lost (in part).
Surely hes gotta go?
The SEC sued Ripple saying XRP is a security.
That means your iPhone is a security and EVERYTHING else you buy, is a security!
It's utter nonsense.
Worse, is the whole Ethgate situation. The corruption within the SEC knows no bounds.
Genslser is known as Goldman Gary for a reason.
.
Yes, the claims made by the Sec were just laughable, they've made themselves look like mugs. If I find a good summary I will post it here.
I don't think Ripple will be too bothered about the fine they can pay it and crack on in thr US. They now have leagal clarity in the US for programatic sales and non directly sold XRP, no other crypto does.
While this law suit has been going on Ripple has been busy hiring and doubled in size. Even without the worlds largest market being part of that, surely that that tells any doubters they have a strong offering.
In the next 12 months we should be seeing the hooks amended pass ( to allow smart contracts on side chains with XRP as the gas token). After that comes automate market maker liquidity pools. Both of these innovations will drive XRP storage demand. AMM will allow you to earn from your XRP, and other assets.
Ripple have been busy building while this ridiculous case has been going on, now they can make moves.
They have won the most important aspects of this case, so yes, plenty to be pleased about for those of us see what is coming.
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Anyone of you experts taking my bet then? Surely a must-win, then? C'mon, £50 for the TZ-UK charity!
Meanwhile, in the real world: Ripple coin: sometimes a security, sometimes not
Someone who lies about the little things will lie about the big things too.
This case been hugely entertaining. The Sec expert witness testimony on XRP purchases was thrown out and the Hinman emails show that even the Sec themselves were struggling to classify digital assets. The Hinman emails also show how William went directly against the advice of several colleagues and suggested in his speech that ETH was not a security.
The Sec have come out of this looking like dishonest and dysfunctional muppets who tried to argue both sides of the case in order to win.
You do seem rather eager to lose your money, so go on, I'll take your bet.
Just for clarity the bet we are agreeing on is you believe that by the 31st of December 2023, Judge Torress decision will have been reversed and all XRP will be deemed a digital security, and I dont believe it will. Did I get that right?
If that is the bet then Im in!
Meanwhile, in the real world: The any fine for direct sales of XRP in the past is not important for the future of Ripple's vision, this point is just noise.
Having legal clarity on programmatic sales and sales of XRP on exchanges is the part that is important. They won what matters.
Once the world has thrashed out its legal / regulation and tax laws Ripple will be very well positioned to be a big part of the financial evolution that is coming.
Lolz.
Take my bet, then.
Someone who lies about the little things will lie about the big things too.
Bet accepted.
OK, 31/12/2023, loser to pay £50 into one of the TZ-UK charity alternatives as per https://www.justgiving.com/team/tz-uk
Someone who lies about the little things will lie about the big things too.
I've put it in my calendar.
Some amusing entertainment for New Years eve!
Interesting interview with Larry Fink (Blackrock CEO) on CNBC but I cant figure out how to link it, sorry
Meanwhile, yesterday's Ripple investors are down 30%. Have fun staying poor.
Someone who lies about the little things will lie about the big things too.
Youve picked one day out. The same could be said of a hell of a lot of things if you look at one day in isolation.
The guys who bought in last week or last month are up handsomely, but thats not a fair comparison either IMO
Yes, but nobody bought last week, volume was a tiny fraction of what it was yesterday. People bought yesterday, after the news.
Just like millions of people bought Dogecoin when the criminal Elon Musk was on Saturday Night Live. They are all down 90%.
Someone who lies about the little things will lie about the big things too.
Yes, lots of people rushed out and bought XRP now or has leagal clarity on the US.
More will buy one hooks are released and side chains drive demand for XRP for had fees. More still will buy when people realise they can stake XRP and other Assets in the AMM pools.
The point I'm making is there are features in XRP waiting to be released that will drive storage demand.
Unlike DOGE, to quote just one.
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You should never base a crypto investment off a price prediction, most are just BS.
Look at the feature set, coming innovations, who is using it, what future use cases are. Look how it can generate hou a revenue, research DeFI options.
Base your decision on those factors and ignore current price. Prices fluctuate and most people buy due to FMO / emotions. Look at it with a cold heart and be patient.
Once crypto is used for real world use the price models people currently use won't apply, beware and know what you are buying.
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Any idea when that will be?
I have been hearing that real world adoption is imminent almost as often as I have heard Elon say that FSD will be finished in six months.
Someone who lies about the little things will lie about the big things too.
Matt Levine seems to agree with me that the recent Ripple ruling makes no sense. But who gives a toss about what Matt L. thinks?
https://www.bloomberg.com/opinion/ar...y-and-it-isn-t
Someone who lies about the little things will lie about the big things too.
As I'm not a law maker the short answer is no, I can't. Anyone that's tries to they you they know, like Elon, is just blowing hot air.
I said in this very thread back in 2019, crypto won't take off until laws / regulations are agreed.
I'm still saying the same thing today, the situation has not changed. The difference today is Governments are actively working on this. Japan is at the front, Singapore not far behind. UK is also making good progress, Europe also. US are seriously lagging.
Identity verification is another key part, zero knowledge proofs are the technical solution to this. Can't tax us without that.
Until our governments and get this in order nothing big will happen, as I said 4 years ago. It's all progressing, slowly.
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How does it not make sense, can you explain you reasoning please?
One point I believe is treating all crypto sold on exchanges as investment contracts when they money does goes to the project makes no sense. How is that an investment contract? Ripple no longer control the XRPL, they have 1 node out of 80. The code is open sourced and other make amendments. Feature enhancements are proposed and democratically voted on. Far more decentralised and democratic than any enhancements for ETH or BTC, to quote an example.
The part of the case they lost is based on the past, for sales they made directly to investors back in 2015 (I think). Fair enough, they dose sound like an investment contract. They will probably get a fine for that past sale. Things have changed long ago, they can move on now.
I'm up for an academic discussion on it but the fact is its law now. I also beleive (to the tune of £50) its also going to be very difficult to overturn. Judge Torres has been very through in review. She has a rep for being fair and sensible, from what I've seen I think she's been reasonable in her handling of the case.
So, why does the ruling not make sense to you then?
What other tokens do you like, out of interest?
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By extension, security regulation doesn't apply anymore to stocks sold via exchanges - because the exact same applies to them?
This cannot stand, it's the most stupid assessment I have ever heard.
Someone who lies about the little things will lie about the big things too.
That deserved more recognition.
Don't just do something, sit there. - TNH
I've never seen stocks for sale on exchanges (Binance, Huobi etc), there's a good reason for that!
Stocks and digital assets are completely different and therefore require different regulations.
To say digital assets should be treated as securities shows a complete lack of understanding of this new technology. This is the whole problem currently.
Let me give you an example. Lets say Ripple decides to leave the digital assets space tomorrow. The XRPL will continue to function because it is run by the 79 other decentralised independent validators. The code will continue to be maintained on github, and evolved. The XRP token will continue to exist and be traded on exchanges. XRP is completely independent of Ripple. It has nothing to do with Ripples success, they only created it.
So, to based on the facts above is a ridiculous assertion that XRP, or any other digital asset for that matter, is a security. Digital representations of stock can be made but to be crystal clear this is not what I'm talking about.
Ripple sell software products like RippleNet to banks. This runs on top on the XRP Leader. Others are free to build products / systems on the XRPL. It has not controlled by Ripple for many years now.
I'm sure you'll agree now :) digital assets are not the same as stocks.
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Last edited by chard101; 16th July 2023 at 12:33. Reason: Woops, auto correct!
For once, I can agree with you.
Someone who lies about the little things will lie about the big things too.
Again, you are correct. Exchanges only trade crypto, pork bellies and frozen orange juice. Never stonks.
Someone who lies about the little things will lie about the big things too.
I almost forgot, there is another difference between crypto and stocks:
Stocks only go up.
Someone who lies about the little things will lie about the big things too.
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