galgitron (don't ask for predictions) Profile picture
I don't reveal my holdings or trading moves. I don't recommend coins, nor do I want to hear about your picks.
Ender Profile picture Sinnombre13 Profile picture 2 subscribed
Dec 22, 2020 13 tweets 3 min read
I'm going to show you why this SEC lawsuit is probably going to very quickly and ironically determine XRP isn't a security

A precedent lawsuit that the SEC filed against Kik for precisely the same reason, specifically targeted Kik's early sales of their Kin token

continued.. The lawsuit made no attempt to characterize Kin as a security or currency, it just focused on the nature of Kik's $100 million in Kin token sales, which the SEC decided we're close enough to security sales to pursue it.
Dec 22, 2020 6 tweets 2 min read
Looks like scenario 2 is playing out, which is not a big deal. Shame on you SEC for dragging your ass for so many years. All Ripple ever did was ask for your guidance from day 1.

galgitron.net/Post/To-Be-a-S…
Nov 22, 2020 9 tweets 3 min read
Latest charts. Kapow.. Lots and lots of volume. All speculation, not ODL Sum of Successful XRP Payments.
Oct 8, 2020 5 tweets 1 min read
First reactions to new Ripple Line-of-Credit (LOC) feature is the belief that it's just Ripple dumping more XRP into the markets, and limiting the perspective to this product, that's true, but Ripple has already stated they are actively buying back from the markets...1/4 to stabilize the price, so you can be sure that Ripple isn't going to let LOC drive the price down.

So what is LOC for? Well as stated in this Ripple news, it's for smaller companies to be able to use ODL without needing all that money up front. Most companies operate.. 2/4
Aug 11, 2020 5 tweets 2 min read
Many people were asking me about @FlareNetworks. Let me put it this way, if it were possible to process XRP in a trustless manner on the Ethereum blockchain, it would be groundbreaking. This product claims to deliver the net effect of that functionality. 1/? While not quite as powerful as the promise of Codius, we all know Codius is a lame duck at this time, so being able to leapfrog right into fully matured EVM support is quite amazing. 2/?
Feb 9, 2020 12 tweets 2 min read
Anybody that's being affected by the FUD campaign of @haydentiff, please do send me your questions and concerns so we can address this FUD head on First, having abundant numbers of validators is NOT statistically more significant security nor added network stability from the point of view of non-state attacks. It can't be compared to Bitcoin, which requires orders of magnitude more nodes to achieve comparable security.