[jberm123]

>by deceiving unsophisticated members of the public

I don't think they've deceived anyone. It takes <2 minutes of research to figure out that it's a network of financial institutions approved by Ripple controlling their network, as well as their supply schedule details/distribution. Anyone who buys XRP should be expected to figure this out for themselves. The government shouldn't waste tax dollars and resources babying irresponsible people who don't take the time to figure it out before buying.

I can't believe I'm defending Ripple. I think anyone who buys XRP is making a very unwise decision, precisely because the government does ridiculous things like this all the time.

I wish the government wouldn't do things like this and Bitcoin had no use case. But alas, governments will continue to suck.

[nullc]

> It takes <2 minutes of research

That may be true today-- years into it, due to a lot of people exposing themselves to enormous amounts of harassment just to get the message out.

It certainly hasn't always been the case.

[jberm123]

You actually think someone who bought XRP at any point in the past unaware of this did reasonable diligence?

[nullc]

Yes. I've received numerous emails thanking me for my public criticism and saying directly that they didn't. It's extremely easy for people to fall down the rabit hole of only reading content authored by people pumping it.

[jberm123]

This sounds like bs to me. I've been in the space for years too, I've encountered many pro-XRP folk. Every single one either didn't know anything about it and bought because they wanted to get rich quick, or was aware the network is controlled by a consortium of banks.

Could you share the text of an email someone sent you that shows what they weren't aware of?

Edit:

>It's extremely easy for people to fall down the rabit hole of only reading content authored by people pumping it.

I also don't even deny this. But it doesn't excuse the irresponsible decision to buy something without understanding the most critical aspects of what it is and how it works. We should expect people to be responsible when investing, and to be able to do proper research for themselves, and to let them lose their money when they fail to do so. We don't need to waste tax dollars babying and protecting irresponsible investors.