Thread 60903603

So Ripple is not only dumping as a company, they’re also sending XRP to Chris Larsen, despite him already having billions of XRP so he can dump even more on? WTF, how is it not obvious that all XRP holders are being scammed? You can't make this shit up, LMAO.

>ripple co-founder Chris Larsen said he's backing Vice President Kamala Harris' election effort with $10 million in XRP.

>trump buys 5 million chainlink on his inauguration

>>60903603 (OP)
>XRP holders being scammed
Every holder of every coin is being scammed. The only exception is bitcoin.

>>60903603 (OP)
Centralized control of this asset must suck ass.

>>60903693
They paid 5M for this photo, lmao

>>60903750
It was a wax statue actually

>>60903706
There isn't centralized control. As further emphasized by the following explanation to
>>60903603 (OP)
Chris is vested in the escrow, you fucking moron. Tokens are released on a prefixed schedule neither he nor Ripple can affect and released to his wallet. He is not selling Ripple's XRP. Why would they unnecessarily route through his wallet if the aim was fraud? Do you realize how fucking retarded that sounds? I swear /biz/ has zero actual experience in the corporate world.

>>60903774
>>60903750
What Sirgay did to get the photo op with Trump was 100x more shameful and embarrassing and you can see agreement with me on all of the faces of the people Trump was talking to onstage who he never turned to Sirgay from who looked at him after he walked onstage amazed he could be so weird/pathetic

>>60903697
>The only exception is bitcoin

>>60903821
>nor Ripple can affect
>He is not selling Ripple's XRP
>Why would they
4D underwater chess, trust the plan, where they dump all, you cry alone!

>>60903821
>XRP's team being forced to scam baggies on schedule
>"sorry, we can't do otherwise, it is our corpo fate" t. Chris
owari da

>>60903697
>The only exception is bitcoin.
that's the endgame scam

>>60903847
>>60903852
Spam filter is being faggoted. See pic related.

>>60903894
>if I strawman and focus on the corporate mechanism we can conveniently ignore how egregiously exorbitant this vesting schedule is
faggot

>>60903922
You don't know what strawmanning is and it is not "egregiously exorbitant." He is a founder and Chair of the Board of Directors who as said willfully risked his personal everything as a named party in the lawsuit not sheltered by the company and has been there for like a decade and a half with not a lot of other examples of such transactions. When the schedule locked it probably locked in some amount of XRP he agreed to take as compensation not pegged to a dollar value, which incentivized him to push business to optimize the success of XRP as an asset. It was probably structured over a decade ago which would have made it probably 20x in dollar net present value at the time. This is the opposite of a bad thing and really pathetic as an argument to make in literally every way.

>>60903821
>>60903828
>>60903894
>>60903940

>>60903940
You're strawmannirg by implying that nobody is aware of vesting schedules or corporate structure, and how they are McDonald's cashiers, and then you use that to appear superior as if you're enlightening us for the very first time. it's a key tenet of your argumentation style and is the very definition of strawmannirg.
and I am aware of everything you said. it doesn't mean the sales aren't egregious given the market cap of xrp is almost entirely driven by speculation. when the C level execs at my company vest shares, it's back by an actual business with real tangible revenue.

>>60903706
I send mine wherever I want.

>>60903946
Brad actually wasn't there because he had more important matters to attend to.

>>60904023
this. he was dumping on retail at the time

>>60903946
Cope lil nigger.
>>60903959
I am not strawmanning even remotely-I am typifying by taxonomy of competence. I am not just stating "you are a McDonald's worker" as argument with no substantiation. I gave thorough description to what you were conceptually ignorant of, which itself fits the inclusion criteria to be at the tier of a low level wagie with ZERO business experience. I stated you being a McD cashier (which seems really to have hit a nerve) as a characterized thesis statement of my fully valid argument. This is not a strawman, and at worst is an ad hominem but it isn't even that because at no point do I use the claim of you being at that tier of knowledge to prove that you are at that tier of knowledge and instead I demonstrate how you are at that tier of knowledge in full flesh and then insult you through characterized argument totally separate from the reasoning. Not a fallacy and definitely not a strawman, and even suggesting it is a strawman is retarded because you are basically arguing there is an elite class of ascendent non-McD cashiers who are as ignorant of business practice as McD cashiers who are argumentatively taxonomically equivalent for our purposes but don't deserve to be called McD cashiers, or you are saying there are McD cashiers with special knowledge of business practice, which is true, but you have demonstrated yourself to not be one of them and I have demonstrated how you have demonstrated yourself to not be one of them. I am not using the statement of calling you . Again, the schedule and release were almost definitely set over a decade ago, when XRP was substantially less. The appreciation in price is an incentive for performance in increasing value in the asset. Tokens are locked at present amount at present value and released later. There is nothing remotely egregious or exorbitant about this and it doesn't magically become it just because you personally really really

>>60903959
>>60904041
cont.
dislike the company and project and find it inconvenient you can't muster any valid fud against them/it.
>>60904033
He sent 3 Ripple employees including the Chief Legal Officer. Him having bigger things going on is BULLISH as fuck and pretending it is not is hilariously deep cope

>>60904045
>Him having bigger things going on is BULLISH as fuck and pretending it is not is hilariously deep cope
HAHAHAHHAHAHAHA

>>60904041
>I gave a thorough description of what you were conceptually ignorant of
im a cpa and literally work for a major financial institution. you are strawmanning and now you are trying to justify your strawmanning with some convoluted bullshit as if everyone is too dumb to see through it. you are unable to concede a single point, even when you are just making shit up about the other person. crazy.

>>60904045
this

>>60904081
>CPA
Good luck having a job five years from now.
CPAs are always the most seething.

>>60904096
I'll either be retired anyway or managing the ai bots doing the grunt work. I'm not worried. I also think we are 10+ years away from fully automating accounting roles beyond the entry level

>>60903828
Fuddies trying so hard to make this a thing. There was a lot of people in the room he had to get to but even then he was trying to also hear Sergey out. It happens in rooms like this. Powerful people jockey for time and attention. Guess in your backwoods jeet village its always no speak saar when elder speak or else you are the fucking. Right Ranjesh?

>>60904076
Like I said..desperate cope. What is even your suggestion? Ripple sent 3 employees, two lower level and one officer subordinate to Brad. You would have an argumentative leg to stand on if they received zero tickets and did not attend but the fact they had MULTIPLE people attend and despite the how significant they know it is as an event, Brad still tweeted out that he wished he could have made it but was held up with business he deemed more important than the marketing of attending is SO bullish it is kind of insane. Especially given the rumor he was meeting with the head of the IMF (who they have hosted events alongside central bank governors and Bank for International Settlements leadership (they are on the BIS' Cross-border Payments Interoperability and Extension (PIE) Taskforce (only crypto company)) and then IMF head now ECB head Legarde (they are also on the IMF's High Level Fintech Advisory Group (only non-stablecoin crypto company with a public network associated with them). IMF rumor aside (who knows) the fact they sent multiple lower level employees to attend something so huge while Sirgay prostrated himself in the most embarrassing way imaginable just to try for a single moment of photography amid a video that anyone watching would view shameful is insanely bullish. Like what is even your argument? Ripple were there with multiple invites. There is literally zero coherent basis to even believe what you do and you don't even believe anything actually at all. You just have no actually valid fud so you cope really weird ways, which is why I said it is (and it objectively is) hilariously deep cope.

>>60904102
Mostly the income tax is going away and any need for accounting most things at all.

>>60904153
you have no idea what accounting really is, do you

>>60904143
Sirgay worked his way onstage after the Press Conference. If it was normal, why did you clip the one second and disclude the extended prior ten seconds of him weedling his way up to the stage and standing around pretending he is preoccupied just trying to get onstage from the edge crowd for a photo op? Why cut the extended 10 seconds of extreme discomfort from Trump who never turned toward him for a second and kept talking to the others and literally swatted him away while Sirgay gesturing desperately at him, with everyone around them both who were actually onstage during the signing looking at Sirgay incredulously and stunned by his naked self-interest and pathetic photo op vying? Meanwhile Brad didn't even attend because he had something even bigger going on and instead sent 3 Ripple employees, including Stu. Why do all the pro-link people post the picture with Trump turned away from him and all the Ripple people want the full breath of the full video? When is it EVER the case that the people who selectively edit presentation and try to have a still image portray a continuous event that dragged on to a painful length ar e the ones that are well justified and confident in their position and the honest brokers as opposed to the other?

>>60904155
I have a business and a CPA and deal with millions of dollars.
It's a huge burden and I am very informed on tax structures and how/when/why I'm being taxed.

I'm a private individual with a C-Corp basically entirely under my control.
I've got to depreciate assets, pay property taxes, payroll taxes, charity donations, sales taxes, tariffs/duties. I know about basically every part of tax structure that would effect 99.9% of people.

>>60904180
>and a CPA
As in I hire a CPA. A friend of mine. Not that I am a CPA.

>>60904183
I figured that was the case. I still think you are misinformed, though.
strictly in a sense that the accounting functions at large companies are orders of magnitude more complex than the accounting requirements for a small privately held company like yours. some of these companies have accounting departments that consist of hundreds, if not thousands, of people performing a vast array of complex tasks and processes across numerous systems. you can't just "automate" something like that quickly. believe me, I've seen people try and fail multiple times.

>>60904193
Yea, that's going to go away.
The point of the tax code is just so they can finagle and not pay taxes while the burden (for most, I'm pretty good at it) of making any REALLY beneficial tax moves for the average person is not possible because of expense and threat of harassment.

I could be deluded. But we are in a "bend to not break" scenario I believe. They are going to remove the boot on taxes in large degree and just print money.

>>60904193
I was just trolling, you'll be fine I'm sure.

>>60904196
im not saying you're wrong about potentially removing or lowering taxes and printing money, but that has little to do with everything I've described just going away. tax is a small component of accounting. what about Receivables? Payables? Treasury? Financial Reporting? Reconciliations? R2R? FP&A? The investment side? The regulatory side? Each of these are fairly large departments within an organization and have little to do with tax.
I think you're oversimplifying what accounting entails, in other words.

>>60904199
checked and lold

>>60904212
Yea, but most of it only pays off if you have a liability for being wrong.
I deal with millions of pieces of inventory, depreciation, all that. Simplify it down and there is one number at the end and it's either higher or lower than last year.
All this other stuff is basically just a scam moving numbers around.

I can report not making money for a LONG time, yet then I report making money and I'm taxed. I spend inordinate amounts of time on all this bullshit.
It's a waste EXCEPT the IRS or government will harass me otherwise.
It's the same for corporations, but they absorb the cost and enjoy the large and almost insurmountable barrier to entry for firms that may be able to compete with them on a larger scale.
But that scale involves, as you said, tens to hundreds of people just moving numbers around.
Or in my case, about 1/10th of my working year as CEO of a company.
That time is literally me being held down so they can keep going.

Which is the biggest reason it might not happen.

>>60904272
To be clear.
Inventory being off and vital functions are not costly and they want it all running smoothly as possible regardless.
But figuring costs basis, what's there to start, what's there to end, and all that costs a FUCK TON.
No way small fuck ups and losses from not doing these things adds up to the costs of doing them.
UNLESS it's a barrier to entry racketeering scam with the IRS as the agent and enforcement.

>>60904272
>>60904276
well you can thank companies like Enron for the overbearing nature of accounting. I dont entirely disagree with your overall point. id write more but I have to run. good talk.

>>60903697
Yup, cryptocurrency is just a way to suck up liquidity and take money from naive gamblers who think they're investing. Nothing but pump and dumps scam coins, thousands of manipulated shitcoins that go nowhere and ultimately bitcoin will be the final rugpull.

Hope you have actual assets, cryptocurreny is hot air.

>>60903697
M2 money expansion fucks everyone holding dollars, unless you hold near zero interest debt.

>>60904041
>>60904151
>>60904158

>>60904321
Hello, Indian Chainlink service provider. Lol How was your bath in the Ganges?

>>60904151
>Brad still tweeted out that he wished he could have made it but was held up with business he deemed more important than the marketing of attending is SO bullish it is kind of insane
How can even talk about other people coping when you regularly post shit like this? You are unbelievable. Spamming multiple threads at once, claiming to be some sort of super finance wagie that regularly arrives at mr Goldbergs office late because he HAD to finish some arguments on 4chan, lmao. Pathetic.

>>60904368
Lol Posting is not that hard. You guys lose the same arguments over and over because you are wrong. You never think original things or come up with better tests. Partly because you are low IQ but partly (and at root) because your thesis is indefensibly weak and the points don't need to be expanded beyond to litigate it. I am posting in 2 threads right now which takes me very little time and I basically just say the same arguments you always avoid and then pretend you never heard in the next thread while you try to push rhetoric strategies to cope which despite being extremely inept probably take you longer than it does me to restate the same arguments which literally beat you every single time, which you have pretended not to hear dozens of times. You recognize you are wrong; what is more important than this? Why stick staunchly to something you realize is indefensible and poorly thought out? The literal only explanation is that you are in a cult, or that you are paid to post fud and are a low IQ spin artist for hire. Which is it?

>>60904390
Not interested in all that. This is your MO: I attack a very specific part of your post ("Brad was actually doing something that was more important than coming to the Whitehouse to sign the crypto bill, bullish!") and you reply with... whatever the fuck that is. Stay seething.

>>60904368
Also how is this a bad argument. It is basically unassailable. What is the alternative? How is Brad not being there but 3 of his subordinates (2 non-officers) being there a bearish thing? There is no coherent answer to this. You just literally don't care and refuse to cope and see the edge of a thought that takes more than one degree of abstraction to consider and see there is not even a potential in and cling to its abstractive depth despite how shallow because you lack any actual valid fud to say and because you are only capable of shallow thinking and believe the equivocal depth is profound because it feels profound to you through low cognitive capacity and heternomous ideological entrenchment. You critique me of posting but here you are, posting nothing, virtue signaling consensus to a coin cult. Which of us is apparently poorly motivated? Lol

>>60904403
You are literally projecting in exactly the way I said you would and exactly the way you always do. You didn't attack anything. You didn't even say anything. You just quoted my saying so and said "How can you say this?" and then said I was cringe for posting. You do this every single time, literally. It is so pathetic, I believe the lack of integrity you have earned the low IQ you have. You didn't say anything specific or even make an argument. See:
>>60904405

Going to work now. Enjoy replying and acting like I left and you were being honest and responsive in the rest of the thread. Lol Will reply later if thread is still alive.

>>60904405
>Also how is this a bad argument. It is basically unassailable. What is the alternative? How is Brad not being there but 3 of his subordinates (2 non-officers) being there a bearish thing?
This is your blind spot. You are so extremely bullish on (or have some sort of autistic obsession with) XRP, you're basically living with blinders on. Have you ever considered that Brad might not have been there because XRP didn't play a role in drafting the GENIUS act, and he wanted to prevent another pic related from happening? The optics of Brad clapping in the crowd while Sergey goes up to shake hands with the president would've been very similar to the white house dinner.

Granted, this is MY personal, biased reading on the situation, but the fact you can't even consider scenarios like these and instead conjure up dreams of Brad having EVEN MORE IMPORTANT stuff to do, betrays your naivete and inability to critically look at anything XRP related. Instead, you ALWAYS consider your headcanon to be 100% factual and correct, which is why you're constantly so frustrated when others don't seem to accept these "proven facts". People are simply not going along with the scenarios, explanations and crumbs you internalized, which to you feels like they are denying the reality in front of them. The truth is that your reality is extremely warped, which is why these discussions are so frustrating for either side and the reason why I refrain from engaging with you earnestly.

>>60904495
What do you mean prevent another pic related? He was seated at the main table. Lol Wtf are you talking about? Crumbs I internalized. Nigger what? Sirgay creeped up onstage after not being there during the press release and acted like he was distracted and casual while transparently trying to inch closer to Trump for a photo op picture which everyone around them looked at him weirdly for, which literally went SO embarrassingly that you guys NEVER post the full video and get mad when we do and 3 of you literally tried to make a meme and spam it endlessly suggesting Brad was banned from the White House. Lol Why was Sirgay not invited to the inauguration? Why did he post pictures with Brad at the VP dinner and the highest admin pic he got was with Kennedy while JD posed with Brad AND Stu and literally beelined to them immediately after his speech and shook Brad's hand before anyone else?
https://x.com/dropzxrp/status/1881339938643308877
Do you think Brad predicted Sirgay would make an embarrassing groveling mess of himself and didn't want to be miscontrued as absent if there, requiring him to do same and so instead did not go because he did not want to need to snake up on stage like a weirdo for a photo op? This literally isn't even exaggeration of what happened and would be expected in your analysis. I am not blindered by anything or biased. I am focused on the truth of what was extremely apparent and is apparent all of us know based on how the communities responded to it themselves, as described in this reply. Why do stinkies always shirk from the full video? Twitter influencer stinkies do same. Why would they not spam it everywhere?

>>60904860
>Sirgay creeped up onstage after not being there
uh serg helped write the bill and was literally invited to stand behind trump during the signing of it. any more fantasies you want to share with the board?

>>60904860
I'm going to pretend you didn't post this and give you another opportunity when you get home from work. Typing up this mess in a hurry at the lunch table isn't doing you any favors.

Cripples are on life support, damn. Mass seppuku incoming eoy. Godspeed faggots.

>>60904883
Wow you are right, he was on stage. Thank you for the correction. I searched for this when it happened and couldn't find any angles showing it. He was absolutely on the edge of the crowd and did not work his way to the stage, he did however do everything else just as creepy, with exception of not walking the distance to the stage. I watched like half a dozen different livestreams and didn't see him, I am glad to be corrected on this detail but his behavior remains exactly what I described.
>>60905007
Unsure what you are suggesting is bad about this (outside absolutely agreeing he was on the outer wing onstage, I genuinely looked and did not see him on streams, I am glad to be corrected on this but it really doesn't change much about his behavior or the universally agreed upon reception of it and burying of the video for sake of the picture by supporters) but I absolutely am posting at work in a relatively distracted way. Lol

fuckin lmao I am not reading paragraphs of you defending this faggot dumping billions on retards. you should be ashamed

>>60905137
He didn't dump billions. Sirgay did on you though after comingling the float is literal objective fraud and feeding back up to himself.

>>60905156
in* objective fraud. Sorry for typo. Chris sold some of his personal compensation for working there with it being worth so much because the price went up. Sirgay as a corporate entity dumps what were supposed to be ringfenced as operator rewards on you by the ton to pay himself and fund the corporate bloat of hundreds of unnecessary employees and make payroll.

>>60905176
>hundreds of unnecessary employees
Ripple has roughly twice the number of employees and no adoption.

What the fuck are these Ripple employees even doing?

>>60903697
bitcoin will be the biggest scam in the end

>>60905313
Ripple has 3x the revenue of Chainlink. If they are failing Chainlink sure is doing bad!

>>60903603 (OP)
Here is the catch: they like it.
Once you understand that they like it, everything will makes sense.
Some people were built to feel pleasure in their own suffering.

>>60906436
>Ripple has 3x the revenue of Chainlink


OOOOOFFFFFFFFF

>>60907280
Lmao

>>60903603 (OP)
i told you it was a scam
-turnip

>>60903894
Blabla bla . Fact is he's dumping on crap holders making unbelievable riches out of thin air dumping the price.

>>60907280
That’s because the transactions are supposed to be the bare minimum you fucktard lmao

>>60907493
>"""low""" revenue bad for Link
>20x lower revenue good for Ripple

It’s almost like they are distributing a new currency…giving tokens away for free doesn’t work, expensive mining doesn’t work…maybe keeping the price low with attractive fundamentals will work…the creator of xrp also created the first bitcoin exchange, but what does he know

>>60907525
He's dumping his personal stash. And you're brainwashed.

>>60907576
I dumped my personal stash all over your moms face

Chainlink dropped to rank 12
XRP fud intensifies

>>60904390
>>60904405
>>60904412
>>60904860
>>60905057
>>60905156
>>60905176
>going to work now

>>60907861
Your arguments/memes are 60 IQ because you are literally a 60 IQ indian Chainlnik service provider. You are literally cancer to humanity

>>60907280
That is the ledger, you fucking retard. This is how low IQ the argument is. The claim was about Ripple and Chainlink personnel. Go ahead and look up their corporate revenues. XRP was literally designed to be low fee. It does not generate revenue for operators, it burns tokens in a deflationary way. It was built to be low cost to be usable in ways bitcoin is not and solve for its problems. Link was LITERALLY created as a completely unnecessary toll booth token that inserts a purchase for an asset no one has any other use for. It is literal rent seeking jewish parasitism being injected into the defi paradigm and you are backing it, after larping about defi being a principled step away from this for years. What I said is objectively true. You spent more time photoshopping a meme than it would have taken to check my actual claim about company revenues, but because you are retarded you instead spent time making a meme that doesn't even touch it to try to avoid the actual issue you know you are wrong on, in a way that shows more deeply that you don't even understand how the XRPL consensus works and what it was built for (transacts for less than a penny), and that you are unable to read like 2 sentences and have reasonable comprehension over the difference between an entity and network. All of this is the character basis for why you bought link. It literally requires you being this retarded, or paid to do so with proportionately retarded integrity.

>>60907511
Ripple revenue is not built on high fees on the XRPL. That is LITERALLY the point, you jewish retard.

>>60907861
>>60909636
Okay linkies but did you know the Crowned Prince of Dubai is launching an XRP treasury company partnered with a billion dollar NASDAQ traded company and SBI. SBI are launching NFTs on the XRPL beginning of next year. The Dubai Land Department (Switzerland of the MENA region) is tokenizing land on the XRPL. ONDO are tokenizing OUSG on the XRPL and included it in the org chart of networks their service is built on functionally. Bank Social (just take a look at their partners) just announced they are expanding to building out on the XRPL, etc. All of these are just the last few months alone, just off the top of my head. You are delusional and DESPERATE.

>>60909680
Spam filtered again, linkie janny is not happy.