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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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The XRP Investor Thread
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Poster Handle
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Anonymous Coward |
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Post Content
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I have read others who share his sentiment. I understand what he's saying but if you can flip back into XRP in the matter of seconds, I struggle to see where the distance is.
Quoting: Luminous Epinoia There's a lot to think about, and I am not sure but I think he's talking about people swapping their XRP to SOLO for the snapshot, and then swapping it back? XRPLion1 is the guy pushing a "flip of the switch" increase in value to astronomical numbers, which would not be able to be cashed out by the exchanges (where would they get the funds to cash out that kind of increase in value?). I think perhaps (just speculating!) he's worried an XRP holder would have their holdings in SOLO form when the flip of the switch happens? 99.99% unlikely HOWEVER, wouldn't that suck to get wrecked that way if the .01% chance did actually occur. I absolutely understand that. However I cannot see the flip of the switch happening while the lawsuit is going on. Seems like an impossibility to me, though I could be wrong. If there was to be a buyback, there would be a window for it. If the switch flips very shortly here and I miss out, that's something I'll have to deal with. Where the current landscape is, I just can't see the switch flipping until at least next year. Never know though, it is a gamble and not for everyone. My opinion only, the lawsuit is a stalling operation to delay the price increase, it's just a cover story to hold everything down until all the pieces are in place and the timing is right for deployment of the new system. It could be settled at any given time, without warning. Also many have speculated that at the time of the financial reset/flip switch to new financial system, there would be a power blackout, internet outage, that could last days or weeks. This could be a serious issue if a person's XRP was in SOLO form and they had assumed they would be able to swap it back instantly. Also how could they possibly give advance notice of a sudden increase in value? Everyone would beg borrow or steal to buy as much XRP as possible if they knew a massive price increase was imminent. So there will be no warning and no notice- I guess? Thinking out loud here. I very much see this viewpoint. However a settlement means that Ripple doesn't get the clarity they are seeking. Unless part of the settlement is the SEC giving Ripple a clear path, they won't settle. And the SEC admitting defeat would rid them of regulation by enforcement, something they desperately don't want to give up. Your scenario really could play out, I just can't see it with the current dynamics.
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