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bill morgan

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Here is my translation. people who are very malicious are seeking to unsettle people in the XRP community in what has been a coordinated and sudden campaign obviously intended to coincide with Swell, and some in the XRP community are acting irrationally from their emotional state about XRP price. Many seem to have forgotten that RLUSD is tied to the US dollar. You know, the very one that is inflationary and increasingly being devalued by endless printing which many now and in the future will not accept as the primary global currency. The one that is minted by a state actor and is not neutral. If you think RLUSD is the future get out of crypto as an investment class. 1 RLUSD will still be equal to $1.00 in 10 years. Maybe you will be able to buy one 🍊 with it or a toothpick but I wouldn’t bet on it.

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💯The escrow was implemented to make distribution of XRP, which increases circulating supply, predictable. If any real criticism can be made of the escrow arrangement, it is that Ripple has a discretion as to how much of the monthly release to distribute to the market or not distribute and to be locked back into escrow? Without that discretion the circulating supply would now be 100% of total finite supply, the escrow would be finished, and we wouldn’t have to be endlessly bored with the stupid and arid arguments about burning the escrow

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My biggest complaint about Ripple is that they set up the escrow in December 2017 and placed 55 billion in escrow in 55 contracts and didn’t just distribute 1 billion per month since then. If they did not have a discretion to distribute just some of it to the market and re-lock the rest they would have to “dump” 1 billion per month into the market. That was the plan wasn’t it in 2017? If they had done this the whole 55 billion would have been distributed by the second half of 2023 and the circulating supply today would be 95% of total supply. More importantly there would be nothing left in escrow and we would not have to listen to the mind numbing bleating about Ripple dumping on retail and the moronic oft-repeated call for Ripple to burn the escrow. You wonder what the those who currently complain about the escrow dump and Ripple not burning the escrowed XRP will whinge about when it eventually is all distributed. Who will they attack then when they are unhappy about XRP price action?

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What do you say about a community that was adamant during the lawsuit that it didn’t rely on Ripple’s efforts to increase XRP price including many who said they bought XRP without knowing about Ripple because saying that was good for Ripple’s position in the lawsuit due to the third prong of the Howey test and now are endlessly attacking Ripple for supposedly focusing on RLUSD instead of XRP. If you invested in XRP because of this photo during the cycle top and because influencers told you that XRP was going to $10 or $20 or $100 then that is on you not on Ripple.

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The Ripple escrow dump theory has made quite the comeback recently despite the fact that there are scores of arguments showing it explains nothing about XRP price movement. if XRP reaching $10,000 is FOMO garbage then this escrow dump theory is the biggest load of FUD garbage in the history of the XRP community. It was made for the misinformed.

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I am happy for us to agree on an independent adjudicator to judge with reasons if your answers to the questions are satisfactory and you win the bet given I set the conditions.

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Smart arse Scams. As you know so much can you explain these things for us simple folk: 1. Why did XRP reach $3.60 in the first place; 2. Why is it up over 20,000% all time since 2013; 3. Why do funds keep buying XRP ETFs regardless of the price. I will make a bet with you. 100 XRP. You can’t answer those questions in a satisfactory way. Any answer that: 1. ignores the directional correlation between Bitcoin price action and XRP price action, or 2. takes an arbitrary time snapshot in comparing XRP and Bitcoin price action on the Bitcoin/XRP pair, or 3. Concludes that XRP is pure speculative and has no extrinsic or intrinsic value using reasoning that would apply to bitcoin and any other top 20 crypto, will be deemed to be unsatisfactory for the purpose of the bet.