@JohnEDeaton1 Dude, u @JohnEDeaton1 are the phacking man! U need not to explain to no one. Screw the haters and just keep doing you man.
The world and the SEC knows who's really corrupt (thanks to you and a few others).
The Real-World Asset (#RWA) Tokenization combined with the Internet of Value (#IoV) is going to be the biggest financial revolution of the century and reshape the digital asset landscape, as well as the global financial system.
Why? 👇🧵1/19
If you’re a teenager, these are the 4 steps you should be focusing on:
1) Find a way to make money (either by working a job or starting a business)
2) Live with your parents for as long as you can (free rent and food)
3) Forget about status games.
Avoid partying too frequently.
Save as much money as you can.
4) Diversify into solid projects during a Crypto bear market.
Make money.
Save money.
Invest money.
95% of the people around you are doing the exact opposite.
95% of the people around you are broke.
Coincidence?
To be clear:
I’m not saying you should lock yourself into your room and forget about living.
I’m showing you how to play the game in a smarter way so you can avoid falling into some big fat traps.
A little bit of delayed gratification will only improve you as a human being.
This was LEVEL 1.
Let me know if you’d like me to talk about LEVEL 2.
I wish you an amazing week❤️🔥
If Ripple loses to the SEC there won’t be any money collected for years and ONLY if Ripple loses on appeal. If the Supreme Court takes it on appeal (which I believe they will if Congress hasn’t acted by then), I believe Ripple hands down wins with this Supreme Court. If the SEC wins Ripple will
Appeal and the status quo that exists today will continue over the next 2-5 years. Assuming the SEC wins, and the civil case lawyers get a win because the judge in California follows Judge Torres’ ruling, Ripple will appeal that case as well and there will be no money for years, if ever. Five years from now, if Ripple loses all the appeals, the SEC would then collect the money (ie $1.3B) - not the civil plaintiffs. The SEC would then offer a payback - a fund for XRP holders to sell their XRP (this is what happened in Veritaseum). If I were the Plaintiff’s attorney in the civil case I would want the SEC to lose because the SEC winning will gut the damages for the civil case. Ironically, If there was a recovery, XRP holders would get more money from the SEC fund because in the civil case the lawyers will get between 25-35% of the recovery for attorney fees BEFORE the costs of the case are deducted from the fund.
Being on the 75K list is actually a good thing because a massive putative class of #XRPHolders is easily identifiable. By joining the class list I put out, NO ONE WAIVED ANYTHING whatsoever by joining the list. In fact, if there was ever any money for XRP holders, from the civil case or the SEC case, I’d likely be contacted because you have to give notice of the recovery to XRP holders and I am in possession of a list of 75K.
You must ignore the morons out there who claim by joining the 75K list and arguing XRP isn’t a security is a bad thing if there is one day a monetary recovery for XRP holders. These morons have no idea what they’re talking about. A person can believe that the asset they own isn’t a security but if that person is wrong because a judge and appellate court says otherwise, you don’t get punished for being wrong. If there was a fund that allowed you to sell your XRP to the SEC or back to Ripple because of a civil lawsuit you would NOT be denied because you joined the list saying otherwise. Anyone who tells you different is an idiot.
But the reality is I doubt the civil case leads to anything. If the SEC wins in the end, it would collect the most money and offer the best option, ironically. Also, if Ripple loses and Congress fixes this regulatory mess during the 5 years of appeals, it all goes away anyway. Bottom line, being on the list didn’t waive anything and, if anything, it identified your claims (if you have any) long ago.
If it wasn’t already clear, it should be now – Chair Gensler’s laughable “pro-innovation” stance (as he said today), is exactly the opposite. What this also tells me is that the SEC is throwing lawsuits at the wall and hoping they distract from the agency’s FTX debacle.
Trying something new – some thoughts from me on the events (specifically the release of the Hinman documents) of this week. For me, this has all had a personal bent to it - and felt like it warranted some personal comments.
And now Gensler point blank refuses to comment on specific projects (besides BTC) but indirectly and incorrectly labels tokens as securities in lawsuits, and in the next breath, says how “clear the rules are” while his agency tries to front-run Congress.
@GaryGensler@GaryGensler you do know that everytime your assistant Twitter handler posts something for you that the responses are all positive right? Like, everyone loves you man. Sincerly: My most sarcastic voice...