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TheAccountant

28 Dec, 3 tweets, 3 min read

Reading through this lawsuit, if true #Ripple really treated #XRP as their own personal security. They acted as a market maker, adjusting the price through Buybacks, and lower than market price sells. Management personally dumped #XRP at times when it was determental to price.1/3

They manipulated PR for price increases to offset their personal sells. #MGI Moneygram and #Ripple touted the cost savings of blockchain, that was manipulative to investors in #MGI. #MGI stating they do not depend on #RIpple #XRP, and not defending its utility speaks volumes.2/3

How are you all dealing with these items stated in the lawsuit?We know #XRP is not a security, but literally what happens when the company #Ripple is being accused of TREATING IT AS A SECURITY? My mind is blown, why would they do this worsening their position #XRP is currency?3/3

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TheAccountant

@JTheAccountant

26 Dec

Common sense- if an individual thinks they'll need money in the next 12 months, due to economic uncertainty(COVID,lockdowns,SEC) they should convert to USD or their national currency to pay their predefined debt (mortgage, car pmts, etc...) Don't use #Crytpo as a bank account.1/6

I fully expect 2021 to be a more crazy year than 2020 for the markets and local economys.Biden Tax increases are coming at a time when they will do the most damage to individuals. Unemployment is very high in USA (even for the rigged metrics). Increase to corporate taxes only 2/6

Hurts the little guys (start ups, mom and pops) who reap their sole wellbeing from their own labor. Minimum wage increases further ruins their ability since they lack the economy of scale granted to large corps/franchises. They will be priced out of the market due to gov. 3/6

Read 6 tweets

TheAccountant

@JTheAccountant

25 Dec

This is now a competitive advantage for #ripple, further their entire management team has been working with #SEC, #banks, and governance teams for years. Another advantage. I'm hard pressed to think they are not comfortable with each other at this point in the game. Not #Libra 6/

We literally supply the world with US dollars. A strong dollar is having bad effects for other countries (World is in a global recession, soon to be a great depression here if we keep printing the world's currency). Why? The dollar is weakening, and that's not good for 2/

us as importers ( weak dollar = paying more for goods imported to USA). How do you solve this issue? When demand for dollars is high, but US production is low, and we import a majority of our goods and you don't want to ruin your economy to benefit another? 3/

Read 10 tweets

TheAccountant

@JTheAccountant

8 Dec

@USOCC

There are a lot of people currently afraid of the impending regulatory clarity from @USOCC Brian Brooks and the Office of the Comptroller of the Currency (OCC). #cryptocurrency = wild west since 2009, we've witnessed extraordinary growth, and extraordinary amounts of fraud.

#Cryptsy #MtGox exchanges closed down, stole individuals account balances, and employees fled countries only for the individuals to have little recourse under local and international laws. 11 years later, many individuals losing it all we're getting clarity, and that is exciting.

You see like many people I've talked Crypto to family, friends, colleagues, and strangers since 2009. Every year brought exciting innovation #Ethereum, #Bitcoin #SegWit, #XRP, #Ripple. It also brought fraud #PinCoin #iFan #Bitconnect, and moral impediments #SilkRoad stopping any

Read 15 tweets

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