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Ripple XRP: Was There A Better Way To Deploy XRP? David Schwartz’s Biggest Crypto Holding Is In XRP

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  1. Good grief! Ripple, in good faith, sold XRP as an asset that had been gifted to them. They transacted what they believed to be lawful commodity/currency. Digital assets were not yet classified in how they were transacted under security laws.

    Ripple sold what they confidently knew to be an asset, and they transacted it that way. So where's the intended wrongdoing… at what point did they knowingly, with intent, break laws??

    All alleged BS in the SEC suit.

    According to SEC logic… GOLD can be deemed a security if a large cache is owned by a coin dealer that wants to sell it by hyping its potential profits. So, the dealer advertised "Buy Gold from me at a discount!… Gold is set to rise in the next few months and bring huge profits!"

    Months later a few clients who bought coins from the dealer believing his sales-pitch that gold value will rise, but instead lost half their money because gold prices crashed. The clients file a class-action lawsuit claiming that they were defrauded out of their money and were sold unregistered securities!

    ATF and SWAT break the dealers door down and confiscate all the gold coins, and charge the dealer with securities violation! The gold sale is an investment contract because the sale was compelled by suggesting the golds value would rise and profits would be made! Jail time and a fine!

    Now all coin dealers must register their coins as securities.

  2. XRP should = zero. Flare/Spark should be the chosen one.
    The best thing for current XRP holders should be to kill XRP. All it’s value should move to Flare.

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