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Ripple CTO: ‘All the Evidence’ Suggests XRP and Bitcoin Are Similar, Contrary to SEC

Ripple CTO: ‘All the Evidence’ Suggests XRP and Bitcoin Are Similar, Contrary to SEC



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  1. I tried reading the article to find when the word *’evidence’* was used.

    This was the key quote from the article;

    *“The market considers them similar. We consider them similar.”*

    *“The market caps of these systems are in the billions of dollars. People acting in their own self-interest are not going to allow the ecosystem to die if there’s a way to save it,” he said. “That’s all that’s holding these systems together. The governing bodies don’t have any legal authority to control these systems. You have to think that people will be able to come together enough to fix it.”*

    I don’t know if I’m being too anal on this one, but perhaps a better word would’ve been ‘indicators?’

  2. I remember talking to Katz on here years ago, XRP was under a penny. Unfamiliar with crypto at the time, I asked if XRP was a wise investment. He laughed and basically said “hell fucking yes it is”. I bought some, 2 years later it hit $3. That single investment was probably the best I’ll ever do. If you’re out there, thanks my dude!

  3. tldr; Ripple CTO David Schwartz said on CoinDesk TV that “all the evidence” suggests bitcoin and XRP are similar despite allegations XRP is being sold illegally as a security. The SEC action “came out of nowhere,” said Schwartz, who said XRP and cryptocurrencies like bitcoin are “completely different” from each other.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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