It's crazy. 2 years after the hammer being dropped on XRP, we are weeks away from a potential end. Or worse yet, a potential extension to the case where we goes to trial.
At this point, XRP's fate is basically a 3 sided coin toss. Lawsuit ends favorably for XRP 33% chance. Lawsuit continues via a trial 33% chance. XRP is a security 33% chance. This puts the risk reward in favor of XRP destruction at 66%.
If XRP is tied up in litigation through trial for the next several years, good luck. It will fall from grace completely as people lose interest. The community will die off. And XRP will die.
If XRP is deemed a security, XRP dies.
So that leaves the minority outcome: XRP is deemed a non security by Judge Torres, and XRP is able to thrive.
As someone who had put quite a large position on XRP, I'm saddened by where we are today. I truly believed in the XRP use case. But they attacked it. Hard. And it has caused serious damage to the coin. Without a clear win in the next few weeks, we are almost definitely doomed. This is the final countdown. But given that the USA is trying to destroy crypto right now, I feel that the odds are incredibly stacked against XRP. And that the judge will ultimately cave and derelict her duty by passing it off for trial. To me, this is the most likely outcome. And to me, that is as bad as a loss. More or less death by duration of time. We miss the next bull market. That's two in a row. People jump ship. The die hard fans stay behind but ultimately the crypto industry moves on without XRP. It's very sad. But emotion aside, this seems like the plausible future.
Peace to all. Prayers to all. And hopefully, God willing, XRP isn't crushed and we can finally thrive along with the rest of the crypto market. We are a mere weeks away. So at least soon we will know and the anxiety can subside.
At this point, XRP's fate is basically a 3 sided coin toss. Lawsuit ends favorably for XRP 33% chance. Lawsuit continues via a trial 33% chance. XRP is a security 33% chance. This puts the risk reward in favor of XRP destruction at 66%.
If XRP is tied up in litigation through trial for the next several years, good luck. It will fall from grace completely as people lose interest. The community will die off. And XRP will die.
If XRP is deemed a security, XRP dies.
So that leaves the minority outcome: XRP is deemed a non security by Judge Torres, and XRP is able to thrive.
As someone who had put quite a large position on XRP, I'm saddened by where we are today. I truly believed in the XRP use case. But they attacked it. Hard. And it has caused serious damage to the coin. Without a clear win in the next few weeks, we are almost definitely doomed. This is the final countdown. But given that the USA is trying to destroy crypto right now, I feel that the odds are incredibly stacked against XRP. And that the judge will ultimately cave and derelict her duty by passing it off for trial. To me, this is the most likely outcome. And to me, that is as bad as a loss. More or less death by duration of time. We miss the next bull market. That's two in a row. People jump ship. The die hard fans stay behind but ultimately the crypto industry moves on without XRP. It's very sad. But emotion aside, this seems like the plausible future.
Peace to all. Prayers to all. And hopefully, God willing, XRP isn't crushed and we can finally thrive along with the rest of the crypto market. We are a mere weeks away. So at least soon we will know and the anxiety can subside.