In memoriam...of something
https://www.trustnodes.com/2020/12/29/sec-sinks-xrpSay what you want about that shitcoin, but the wanton destruction of monetary value (maybe wrongly attributed, I agree) is not something that I adore.
Honestly, if this would eventually cause SEC demise as a regulatory agency, so be it (see quotation).
XRP perhaps couldn’t withstand this injustice, but few can commend the way SEC went about enforcing it, even if they do agree.
Where coders are concerned, this is just another round they don’t even care about in a long running battle. The question is: will SEC be destroyed in the end?
You can not just wipe out tens of billions without courting hate, especially when the institution was already hated due to its investment prohibitions injustice inscribed in its very foundations.
The 'subtracted' value is obviously flowing mostly into bitcoin plus 2-3 s-coins (for now) .
I don't see how the ethereum pre-sale and issuance schedule makes it anything different than a security.
After ripple SEC will surely have ether in it's sights. Forever looking over their shoulders now.
Absolutely, especially since there is, apparently, no time frame limitations.
Another point to mention-i got a link to FTX from somewhere and there it was: USA is in an "interesting" group, together with N korea, iran, Crimea, etc.
Same for many other investment sites (Deribit comes to mind).
We are being cordoned off-all thanks to SEC and their malcontented Howey test, which should have been buried decades ago.
Add to that the concocted 'accredited investor' statute.
It's like you want darwinian evolution, but handicap some people in the race.
Fuck XRP and good riddance. They are scammers just trying to ride on Bitcoin’s coat tails, no different from Bcash lol. And fuck Eth too for that matter. I have done enough with ETH to know it’s a shit show.
Accredited investor schemes are there for a reason. And the reason is because Aunt Mabel can’t be trusted not to get caught up in bumblefuck Ponzi schemes like Bitconnect. So she goes screaming off to her Senator for a resolution. And the resolution is that Aunt Mabel isn’t allowed to play with the big boys anymore. And that’s a good thing, because the big boys will take her money and leave her with nothing every time.
There are plenty of accredited investors that do their dough all the time. But they aren’t supposed to whine about it.
If you have 40 BTC right now, you are an accredited investor. And that amount is falling all the time. By the end of this bull it might be 5 BTC or less.
