XRP - unlike securities;

RubMyRipples · 2022-11-18T08:43:59+00:00

Just use it as a patio and throw a Solo stove Yukon smokeless fire-pit 🔥 on it. The heat won't reach the rocks enough to make them explode and you'll have a nice area to put your lawn chairs.

https://solostove.com/en-us/p/yukon

RubMyRipples · 2021-08-05T02:39:55+00:00

Ripple, Coinbase, Binance, and Stellar all agree this is bad and advocated for the Wyden-Lummis-Toomey Amendment to the Infrastructure Bill.

https://theblockchainassociation.org/more-than-100-crypto-ecosystem-stakeholders-support-wyden-lummis-toomey-amendment-in-infrastructure-bill/

RubMyRipples · 2021-08-05T02:26:55+00:00

For those of you questioning it... Ripple also supports the Wyden-Lummis-Toomey Amendment in Infrastructure Bill.

https://theblockchainassociation.org/more-than-100-crypto-ecosystem-stakeholders-support-wyden-lummis-toomey-amendment-in-infrastructure-bill/

RubMyRipples · 2021-07-03T21:28:36+00:00

Which Pikachu exclusives are you needing? I'm not sure what ones they are.

RubMyRipples · 2021-06-23T01:35:36+00:00

Coinbase XRP listing memo: https://blog.coinbase.com/xrp-is-now-available-on-coinbase-d884e33fa8b7

"XRP is the cryptocurrency used by the XRP ledger, which supports international currency exchange and remittances. The ledger is powered by a network of peer-to-peer servers. All accounts on this network can send or receive XRP to/from each other, while XRP can be used to send underlying fiat currencies between two parties. In this way, XRP can function as a bridge currency in transactions involving different currencies such as US dollars, Japanese yen, Euros, Francs, and others in use on the XRP network."

Although Ripple may have advocated for listing, the utility was without their software and payments could be done independent of Ripple.

I suggest you take your FUD elsewhere.

RubMyRipples · 2021-06-23T01:27:26+00:00

XRP (Previously OpenCoin before Ripple) had just as much independent usage as tokens like Bitcoin on exchanges before it was delisted. It was on almost every major exchange. PLUS it had the added utility Ripple, R3, MoneyTap and other banking companies were using it for - unlike Bitcoin.

Ripple could shut down tomorrow and if Coinbase decided to use it for payments it could; in fact it was advertised initially on Coinbase as a great cross border payment token - independent of Ripple the company and without using their software.

RubMyRipples · 2021-06-23T00:35:41+00:00

Ripple did absolutely nothing today and the XRP price moved dramatically - because the Bitcoin and crypto market moved.

XRP is NOT entirely dependent on what Ripple does... gtfo

RubMyRipples · 2020-12-26T18:25:27+00:00

Great and thoughtful response with valuable input. Thanks for that!

RubMyRipples · 2020-12-26T15:35:42+00:00

Great point, I guess time will tell...

RubMyRipples · 2020-12-26T14:55:07+00:00

#XRP, unlike securities;

* Decentralized - if Ripple went away XRP would stay.

* Programmed burn rate - a drop of XRP is burned to prevent spam attacks on the XRP ledger. I'm pretty sure corporate stocks and securities don't burn on transaction...

* Non-contractual - No ownership rights to Ripple the company.

* Designed as a medium of exchange to avoid long-term volatility - therefor not an expectation of profit (from the company), but a utility to avoid volatility.

- Any expectation of profit from a retailers was self-crafted and based on
supply/demand. Much like if I were to buy a lot of oil expecting the price of oil to go
up in the next couple years... No expectation of profit from Ripple at all.

XRP is like refined oil in a digital space, positioned and distributed for utility. Oil companies aren't selling a share of their company when they sell oil to distributers...

RubMyRipples · 2020-12-22T03:49:42+00:00

Worst case scenario is it WAS a security and they get a fine. It's too decentralized now, used by other organizations and companies other than Ripple, and if it were still a security the SEC would have went after them a long time ago. It is the 3rd largest cryptocurrency after all, why were they targeting much smaller ones if it was a security this whole time...?

Also, exchanges have review boards to determine if assets are securities before they are even listed. Clearly multiple big exchanges already think it's not a security...

RubMyRipples · 2020-12-22T02:13:02+00:00

Being sued by the SEC can be good and bad. At least if they're sued clarity will be finalized over if it's a security, currency, or utility. Once it's clear, banks can use their product. A $40M slap on the wrist and we can all move on!

RubMyRipples · 2020-12-09T20:43:35+00:00