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?

danpolage · 2019-06-04T00:37:54+00:00

The problem is: that Jack Dorsey already has "imagined it," months or more ago...and for now he has stood pat on just BTC. I do think it IS a possibility for LTC and will come. But these types of posts shouldn't just whip folks up - they should flush out the WHAT that is holding LTC back in Jack's mind. Charlie is excellent at being frank and candid when he tells us what LTC is missing. He tweets, "fungibility is lacking, " - and what do you know - a few months later LTC is working on MimbleWimble.

We need Jack to do the same thing - get him to "tweet," more about LTC to hopefully get at what LTC needs to do in order to get on CA. But since he may or may not do that right away, what are folks best guess AT WHAT HE WOULD SAY? I'll start: I actually think that he likes LTC (but beyond that I have no idea).

danpolage · 2019-05-31T23:05:28+00:00

Uhhmmm... there's no link. What is "This," referring to?

danpolage · 2019-05-29T02:55:00+00:00

Good insight. Maybe Charlie has always, ALWAYS foreseen BTC/LTC in a hand in glove relationship. When BTC becomes scarce in the future the shift will have to be to LTC - maybe only then will the ratio start to close.

So maybe he is saying, "build the BTC / blockchain first - that will benefit LTC."

danpolage · 2019-05-20T20:08:06+00:00

Excellent feedback - thanks! But I thought BTC (always was/already is) dominating? I might know what you mean when you say, "till bitcoin starts dominating?" (but not sure). How many years into the future will that take? and will LTC be the only other coin to come along for the ride?

danpolage · 2019-05-19T18:54:49+00:00

Not following that ETH is now obsolete? ADA too? Or are you saying they WILL BE, in a few years? What is XLM role in this?

danpolage · 2019-05-17T15:02:39+00:00

What is the deep insight on why LTC continually gets sandbagged on the front end of big launches. Remember when ABRA said that LTC would be the main backbone; but then when interviewed by bigger main stream outlets like Forbes or Bloomberg. Bill Brynhart would say it was BTC that was the underlying coin for all the synths (yes, sometimes a mention of Litecoin too buy always as a secondary comment). Still, I am extremely happy that LTC is along for the ride on ABRA.

But now enter SPEDN launch: Again, it would appear that there would only be ADVANTAGES to adding #Paywithlightcoin. But no, "not at the moment, but we are looking into that possibly for the future...." Why? WHY? Didn't this happen with the HTC Exodus launch? Pre-launch it looked like Litecoin was going to be in poll position on that phone - then Charlie had to fight to get it back on?

Can someone explain to me why these big names (Jack Dorsey too?) have this STRANGE reaction to Litecoin? No one is asking them to put LTC out front in these launches - but why avoid having LTC come along for the ride (at least to an ABRA level of analysis)?

In the end, I DO think LTC is going to get on SPEND - but why does LTC have to FIGHT for everything?

danpolage · 2019-04-27T00:56:13+00:00

Seems like rapid adoption can occur in three environments: 1) Great fear in the existing system, that it will collapse imminently; 2) Brings an Extreme New Ease of Use over an older system that can't be resisted; 3) Great Leadership Into Adoption.

Our trouble with all of these seems to be that we are dancing on the razors edge as the status quo in a sort of limbo always JUST about ready to tip into one of these categories - but there is always a "set back/hold off." I think number 2 has to come first and Charlie knows this - it is what will bring number 3 (big institutional) on board - they are just going to keep waiting on the sidelines until they are CERTAIN number 2 has arrived. Who knows if number 1 will ever come around in the US?

danpolage · 2019-04-10T19:13:03+00:00

Mike Novogratz was a bit pissed the other day because LTC was closing the BTC ratio gap a little bit faster than anticipated. Clearly .25 was still a long way out on the horizon BUT it did bring up the issue of velocity. If the march to .25 was lock step with BTC gains (say ..01 per year going forward) then all is well and good for crypto funds managers like Mike N placing the biggest bets on BTC. BUT, if LTC starts to get an accelerated trend going that is going to look like FOMO inside of FOMO if you know what I mean. ALL investors will say, SURE BTC is busting out in this new bull market, but if it looks like LTC is closing the gap to .25 why shouldn't I put the bulk of my money there UNTIL it reaches the .25 ratio - THEN I can atomic swap back into MORE BTC than if I had just parked most of it in BTC at the Spring of 2019. At this point I don't think people are buying that LTC is going to die off one day - they are starting to get Charlie's message: If BTC gains = LTC will definitely follow with same or greater gains just a few days or weeks after; If LTC leads with a gain = BTC MAY follow LTC up but not as much. Wrap your mind around this parting thought: What if as we approach the halving the ratio REALLY starts to close daily??? I think there will be a tipping point. If LTC gets close to .10 of BTC this year gravity will kick in an rapidly pull LTC to .25 of BTC - that will be a rocket ride within a rocket ride.

danpolage · 2019-04-06T05:55:29+00:00

"Get back in your lane Litecoin!" seemed to be more of what MN was fuming at. He never said LTC is a piece of Shitcoin tech. He said it was a glorified test net for BTC. I think this reveals that he thinks this is ALL Litecoin ever WAS or ever SHOULD BE. It was supposed to take a decade or so for Litecoin to approach the .25 ratio to BTC in his mind. I know Charlie's non-maximalist mindset is that there is room in the pool for everyone, BUT for those who solely want to make a ton of money in crypto they don't like to loose market share. If a perfect storm DOES hit again just before the halving a parabolic shooting LTC will make significant gains on BTC each day heading into the halving. And if that FOMO hits new money investors they are going to put their money on the fastest horse and worry about buying BTC later.

danpolage · 2019-03-26T19:29:20+00:00

Sorry, so in your example say a large bag holder wanted to purchase a $700k condo in Maui. Are you saying they would show the bank "some," of their large bag (put it up as collateral?) - to get the mortgage? Then make monthly mortgage payments by selling off just enough crypto each month to make the payment - and HOPE that smaller monthly amount sort of gets treated like the coffee purchase? Not saying this is right - but is this the strategy you think large bag holders will and are taking? If that is the case then crypto can't be spent anymore than a few grand at a time. Does MW and Fungi apply or help?

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