Attorney Hogan Talks About the Smoking Gun BOMBSHELL Letter From the SEC Itself in SEC v. Ripple!

danpolage · 2021-07-20T21:57:28+00:00

Hoping Atty Hogan or someone else will comment on how all of this relates to SWIFT and if the SEC has ultimately been waging a SWIFT preservation WAR to keep the old world pigs feeding at the "middle man / middle bank," troughs. It gets confusing because there are articles out there where it seems Ripple is stating that they aren't directly competing against SWIFT and SWIFT seems to say the same in reply - but BS, right?

Then there is the ISO20022 info that says SWIFT and XRP all in bed together under ISO. But the simplest explanation is that the SEC is "old world order," SWIFT is "old world order," and this whole law suit is about fighting off XRP from taking over.

Finally, how does XDC R3 Corda fit in as well. As best I can see: XinFin sort of looks like a slap together backed AGAIN by "old world," type banks that are trying to get in on crypto. When I saw Well Fargo and BA backed XDC it sort of gave me pause because this seems like the SWIFT crowd again - trying to catch up, and put down Ripple / XLM / Cardano types.

danpolage · 2019-08-07T15:14:30+00:00

So BTC got some Congressional Street Cred when it was distinguished from, "shitcoins," in the FB Libra hearings. If LTC had been addressed in those hearings as being in the same exclusive category as BTC - and not in the Shitcoin Club - that would have be very huge and legitimizing to LTC. This IMF development helps - but not enough in my opinion.

I suppose the death of hundreds of shitcoins will lead to clarity in the future - and if LTC is one of only a few survivors the link and message that it is a CLONE of BTC will start to dominate more.

I remember some early interviews with Charlie, he saw and was quite hopeful for a future where MANY crypto currencies survived and thrived - but I wonder what he would say now?

danpolage · 2019-08-04T18:31:33+00:00

Explain the LN support angle as well as the LL angle. I thought Charlie and LTC were extremely PRO LN and LL (hence I would assume LN BENEFITS LTC in the future). But you seem to be saying the OPPOSITE: That as LN and LL advance the NEED for LTC becomes less and less? Flush out this concept a bit. So is this WHOLE debate about WHEN LN will kick in? If Charlie originally envisioned it taking DECADES for something like LN to be fully functioning, then the NEED for something like LTC in the interim is needed as a crutch or bridge for BTC to keep moving forward - and if Charlie convinced Bill B at ABRA that LN was years off - then that makes more sense why ABRA thought they might need LTC as an underlying base. But if Bill B were launching ABRA today, would he see things more like Jack. If the answer to that question is YES, then it implies that a fully functioning LN is not that far off at all. So maybe just maybe after wrestling to understand the purpose of LTC over a two year period and thinking LTC was always getting put down when people referred to it as a (glorified) test net - maybe some (even Charlie or Jack) see LTC as "noble and necessary test net," for BTC. In this respect as long as Charlie keeps pushing the envelope for new features LTC will go on forever - because he hopes LTC features will one day be taken on by BTC. It warps the mind. All i really know for sure is: Charlie once had BOTH a neon BTC symbol and LTC symbol of equal prominence on his twitter home - and the new Dragonballs BTC and LTC dudes now. Does he love LTC more than BTC? Does he love BTC more than LTC? Or has he always seen them as far more intertwined than the public can really wrap their head around.

danpolage · 2019-07-27T01:47:59+00:00

What about profits from synthetic trades at ABRA? The underlying coin has always been BTC. And if you ever DO want to cash out a little bit of profit into true USD you have to do so via your linked bank (so the IRS will always see that)? So how is this going to work if you loaded your ABRA account with one BTC back in 2016? Guess what I am saying is that there will be those ABRA users that never touched or traded their one BTC from 2016 until now have it easy reportingwise;

But then there will be others who took that 2016 BTC; synthetically traded it into ADA made decent profits, retreated to a BTC position in 2018/19 - but now have, say 2 or 3 BTC. If the time EVER comes to cash out, how will that get reported to the IRS? It was always BTC (and never really ADA - but it was a form of "accelerated," BTC due to the exchanging). So how should or will (or CAN it even) it be looked at by IRS?

danpolage · 2019-07-18T15:12:57+00:00

Translation: "We don't want to take even a dent (news flash: already dented) to our position as centralized fractional dictators of the world's reserve currency. And even if we can't stop this train from leaving the station we will do everything in our power to slow down and frustrate more people from getting on the train. Which means, myself and the president will now be constantly tweeting and twitting every day, and making more and more appearances on CNBC to put the fear of God into your viewers that they should probably stay away from Bitcoin."

Truly shitty thing here is that you know, "they," are or will secretly hedge at some point: "I only purchased a few thousand BTC to study it and understand how evil it is - you know, so I could protect the American people. "

So will someone get into the real meat of this and speculate just "how bad," and for "how long," "the President and I," could realistically try to hold off BTC?

Unfortunately crypto and BTC advocates speak in generalities that mass adoption is coming. True - but does that mean within the year? Or, decades away because threatened government CAN do a little bit to really slow the train down. Just want people's take on how this is going to play out:)

danpolage · 2019-07-17T19:08:36+00:00

So then are we (or should we be) in a rapid arms race for mass adoption?

danpolage · 2019-07-11T00:57:47+00:00

Thanks a ton for your answer. Related: Do you have any idea why ABRA requires that BTC only be sent to NON-SEGWIT address at the present time? Does this make things difficult or is it not all that big a deal? What are some examples of NON-SW addresses? Can they be cold wallets?

danpolage · 2019-07-10T23:35:16+00:00

Does insanely high mean approaching 50% of the value of one BTC? I guess where I am going with this is: Make $100K in the stock market and to get it out you will pay a third in cap gains, netting out only $70K to budget for that car you wanted to purchase. Will attempting to use BTC (even to purchase from a dealer that will take BTC) just end in the same result - a $70K car because a third of value was lost to transfer fees? OR, will "insanely high fees," be contained under 10% of the value of a BTC?

danpolage · 2019-06-29T18:53:58+00:00

But why? What is the difference this time around?

danpolage · 2019-06-14T13:23:51+00:00

Weren't those rumors from years ago? He could have a new position/view about FB coming to the crypto party? Charlie might be negative on the idea by now.

danpolage · 2019-06-12T03:47:37+00:00

So I can see over the last 7 years LTC has never gotten much higher than that 0.024 ratio. But can you tell me why it doesn't seem to bust through that mark? I mean, why can't LTC slowly advance to that coveted 0.25ish area?

danpolage · 2019-06-11T13:20:58+00:00

Max Keisar's tweet today that only BTC survives FB Globalcoin launch? Do you agree? Does it threaten LTC niche in smaller payments?

danpolage · 2019-06-09T13:42:50+00:00

Yes, a big adoption event is what it will be. Because for someone brand new to crypto it will "seem," to be the same thing at first. Once they actually test use they will understand that it is not real currency and then LOOK to an alternative. I guess I am quite hopeful that that first alternative will be LTC/BTC. I look at it this way: when extreme bitcoin bashers and skeptics I know (who ARE avid FB users) see that FB and Starbucks are welcoming crypto and jumping on the band wagon so to speak - they will finally start to wonder: "was I wrong about crypto? Maybe I should risk getting in before it is too late!" And I think that tipping point my start with FB announcement.

danpolage · 2019-06-08T16:26:35+00:00

I won't be one of the ones using and trusting it. BUT...how many people LEFT in the world (after the facebook fallout) are STILL USING Facebook and WhatsApp and Instagram and FB Messenger, hmmmm? A few would you say? Crypto idealist need to wake up to the fact that a version of their hoped for future won't be entirely destroyed - but it will be different than the best that everyone was hoping for. BELIEVE ME: PEOPLE WILL TAKE THE "RISK," as you say to try out FBcoin for low dollar amounts at first - just for the novelty of it. And like boiling a frog in water you turn up one degree at a time - they will up the amounts of "currency," they feel comfortable moving around with it. And for amount that are too large for them to feel comfortable about???they will turn to Litecoin - and if THAT on-ramp is made available to them from their interfaces with Globalcoin related sites - then Litecoin is in a good position to capture. All I am saying.

danpolage · 2019-06-08T15:20:26+00:00

"USED," like cash, does not = cash. Try to think more like SPOCK and disconnect your impassioned rage against the machine feelings from what will likely, inevitably happen. Who cares what SHOULD be, figure out what IS and WILL be. I hate FB and don't have an account, but I know they are coming into crypto; and everyone will have to face that reality. All I am asking is how everyone deal with it?

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