2022-12-16 · timestamps by ADAtainment
UPD 12/16/2022
- A short statement about the XRP community after an AMA answer about whether Cardano could be a security spilled over into the XRP case.
- A rumor from a reliable source about a possible December 15 resolution was repeated as a rumor, then treated as a firm prediction and called a lie when it did not happen.
- The stated position is measured: XRP is not a security, the SEC was not bribed to go after Ripple, and Ethereum likely got gentler treatment because of its size, not corruption.
- After being repeatedly attacked, the decision is to say no comment on anything XRP related going forward and to skip panels featuring XRP representatives.
11 entries
Keep this one brief: in regular AMAs the audience can ask any question they want.
An AMA question about what to do if Cardano were a security led into the XRP case, which strikes at the heart of layer one security definitions.
In that answer, a rumor from a reliable source close to the case about a possible December 15 resolution was mentioned as just that, a rumor.
When the case did not resolve, the XRP community accused Hoskinson of lying and trolling.
The position is that XRP is not a security, backed by years of support and past dialogue with Arthur Britto and Larsen.
The claim that the SEC was bribed to pursue Ripple is a conspiracy theory not worth entertaining.
Ethereum likely got gentler treatment because of its size, scale, and scope, which does not imply bribery or corruption.
Given the abuse, the decision going forward is to say no comment on XRP in any circumstance.
The no comment stance on XRP comes despite consistent support for Ripple's efforts like the Interledger protocol and Codius.
Going forward means skipping any panel that includes an XRP representative and disengaging entirely.
Ironically, believing Ethereum got a free pass is ammunition that XRP is not a security, so attacking that point makes no sense.