[petesergeant]

> If not even XRP is a security

Forgive me, I know little about crypto, and am bearish on it, but:

My understanding is that Ripple was very much meant to be a currency/commodity, unambiguously, where most other crypto backed by whitepapers were meant to be securities on the basis that they were meant to back some hare-brained scheme or have some utility beyond simply being a means of transfer. If I'm right about that, then surely Ripple has one of the strongest arguments for not being a security?

[eric_cc]

> Forgive me, I know little about crypto, and am bearish on it

Forgive me, how can you form a bearish opinion on something you know very little about?

[LikesPwsh]

It's not possible to sustain a magic money box where everyone can put money in and get more out.

Many people get that far in their thinking, realise cryptocurrency is a bad investment, and leave it there.

[eric_cc]

Bitcoin IS money. Record high numbers of people are onboarding to bitcoin and not coming back to fiat. It’s just as much an “investment” as the US dollar is.

[wonderwonder]

The S&P 500 would argue otherwise

[unmole]

Right, 500 of the largest public companies in the largest economy, is equivalent to a magic money box. It's not like they collectively have hundreds of billions in revenue or anything.

[ashwagary]

>The S&P 500 would argue otherwise

As a matter of fact, every scarce asset with steady demand would argue otherwise.