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This lawsuit win from Ripple should boost confidence in fighting off SEC whenever they decide to label a cryptocurrency as a security.
What does it actually mean for a COIN to be considered a SECURITY?
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SEC says: BTC - U.S. Government holds, so it's not a security. XRP - SEC doesn't uphold any court decision other than their own decision. Everything else - We don't care. SECURITY. Coinbase - huh???
Yeah maybe they should set up an agency that deals with these kinds of things? They could call it the "NOT A SECURITY EXCHANGE COMMISION"
Gary probably made the coin to help fund his bull sh!t! It's a SECURITY 😂
Thanks I think I have a good picture of what’s going on. Still, it seems then this whole jubilee in these subs about “XRP ISN’T A SECURITY!! TO THE MOON!” is a bit misplaced, no? That’s not the decision that really matters. If Ripple loses they’ll have to register or XRP will have to delist from US exchanges (if I understand this correctly) and that would then be precedent for all the other premine/ICO coins to have to do the same or also be delisted. ETH as well. I can only imagine the sh*tshow that would ensue if even a fraction of coins tried to file an S1. The displayed corruption, I’m guessing, would be astonishing.
Someone with actual knowledge here…100 percent wrong, court declared that every sale of XRP on exchanges NOT A SECURITY. the only people who potentially could be “screwed” are garlinghouse and Larsen, for potentially aiding the sale of a “security” when they sold directly from ripple to institutional. Which honestly is 100 percent unethical.
I am not a security. I am NOT A SECURITY. I AM NOT A SECURITY DR. HAN!!!
THIS JUST IN: XRP IS NOT A SECURITY! https://on.soundcloud.com/rc282
THIS JUST IN: XRP IS NOT A SECURITY! https://on.soundcloud.com/rc282
Who cares what happens in October? JUST IN: XRP IS NOT A SECURITY [https://soundcloud.com/thefirstbull2023/i-wont-be-crying-for-the-short-ones](https://soundcloud.com/thefirstbull2023/i-wont-be-crying-for-the-short-ones)
"It was amazing - we were at a blockchain conference event / party, and I remember the conversation so well. Dan: RIC! PLEASE CAN YOU ASK HER SECURITY IF I CAN MEET HER AND SAY HI Me: SURE THING DAN ***speaks to security*** Dan: HI I'M DAN Paris: HI I'M PARIS Dan: SO NICE TO MEET YOU Paris: YOU TOO Me: CAN I GET ANYONE A DRINK? Paris: NO THANKS Dan: I'LL HAVE A VODKA SODA ***orders from waiter*** Dan: MAY I PLEASE TAKE A PICTURE WITH YOU Paris: SURE THING And then the music got too loud to hear anything more. - What will help xmr scale for Mass adoption? A scalable L2 - Do can we get xmr cross chain? We already have atomic swaps and wrapped XMR - Do you think IBC/ cosmos tech could help with taking xmr cross chain? It already exists - What does zk tech look like on xmr? It looks like [full chain membership proofs](https://twitter.com/kayabaNerve/status/1672616243302465536) - As far as functionality goes? I doubt anything changes wrt functionality, it'll still feel like XMR"
This is why I don't recommend umbrel. You can't control which version of the software you run. You're at the whim of the developers/company that distributes it. It's also not secure according to the repo here: https://github.com/getumbrel/umbrel/blob/master/SECURITY.md Just download bitcoin core and run the program.
Regulation is okay. Running around and screaming “YOUR COIN IS A SECURITY!!!” while making ape noises and suing everyone is not
Gary gensler is calling you and shouting SECURITY. INTEREST=SECURITY
How on earth can a coin protect against a DOS attack with transaction fees of zero? Transaction fees are for SECURITY. How can you have "instant" transactions on a heavily decentralized network? Fast transaction fees almost always mean centralization. Sounds like nano is right where it needs to be and we should instead be talking about people promoting coins that claim to solve the blockchain trilemma when that's impossible. They always do so at the expense of security and decentralization. SOL, anyone?
Here's what is determined from the Hinman emails. For anyone caring about the Ripple - SEC outcome. It's looking favorable for Ripple, and clear conflict of interest is shown by two former SEC commissioners. Hinman stated that ETHER IS NOT A SECURITY AFTER COORDINATING THE SPEECH WITH VITALIK'S APPROVAL. A free pass for Eth, where SEC is not congress to state into law if ether is a security or not. Bill Hinman went to work for an Ethereum associated company with "funds" given to him (15million). CONFLICT OF INTEREST. Jay Clayton (SEC CHAIRMAN) dropped the Ripple lawsuit THE DAY HE LEFT THE SEC to join an Ethereum associated company. CONFLICT OF INTEREST. ETHGATE is real.
TLDR; Hinman stated that ETHER IS NOT A SECURITY AFTER COORDINATING THE SPEECH WITH VITALIK'S APPROVAL. A free pass for Eth, where SEC is not congress to state into law if ether is a security or not. Bill Hinman went to work for an Ethereum associated company with "funds" given to him (15million). CONFLICT OF INTEREST Jay Clayton dropped the Ripple lawsuit THE DAY HE LEFT THE SEC to join an Ethereum associated company. CONFLICT OF INTEREST ETHGATE is real.
Gary: "You're a security!...and *you're a security* and *you're a security*.....EVERYONE'S A SECURITY!!!"
I must say the bitcoin price is doing better than what I would've expected. I know the deal is with the other coins being a SECURITY and all.. but still, I'm impressed. I wouldn't jump to conclusions and say we're at the bottom yet though. Anything can happened... and knowing this subreddit's luck, I would say "anything will happen"
I think three key issues should be top priority for crypto devs they are - SECURITY, EASE OF USE and LOW FEES for mass adoption to happen.