And I think this is just going to be an Entire barrel of fun not like a quarter To a half barrel phone but an entire Full-on barrel of fun If you want to pause here and pop Yourself some poppy corn go right on Ahead I'll be right here when you get Back but here's the headline from block Works no matter what happens with the SEC Ripple has already won Xrp has long served as a punching bag For Jaded crypto Folk until Gary ginsler Ginsler is the Cruella Deville to Crypto's 101 market caps The SEC Has Come For Kraken Genesis and Gemini although it was very late to the Latter two Gensler has prosecuted library and sued Degenerate in Chief Justin's son over His Tron and BitTorrent offerings just Last month Now he's even angling for the biggest Fish coinbase posturing to sue the top U.S crypto exchange for trading in Alleged unregistered securities But while the SEC has dished out more Than 80 enforcement actions against Crypto startups since 2017 30 of them Last year There is one case that Trump's almost All others The SEC versus Ripple although many Crypto industry observers previously saw Ripple as the butt of the joke the SEC
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Case win or lose is sparking what Appears to be a 180 degree change in how Crypto die hards view the long derided Company oh isn't this this is Beautiful all it took was recognizing That we're actually on the same damn Boat and you need to stop being little Tribal Punk asses and uh just come to Your sense here because whatever your Favorite coin is is not necessarily safe In fact it's probably any immense Danger But you know oh it took us so not just This lawsuit but then everything else Happening and all the attacks against Staking and the exchanges now all that And people are like oh yeah I guess this Is kind of bad how about what we've been Saying it in the xrp community for over Two damn years Little all right anyway peace Continues ginzer is adamant there's no Need for crypto specific Securities laws And among those 80 or so cases against Crypto startups are instances of Outright fraud and other misdealings Those efforts must be applauded but in The background all along from Before Ginzer's Time Ripple has been funding a Full-scale legal defense against the U.S Securities regulator It has also publicly refused to settle Bucking the trend of crypto startups Ponying up to SEC fines Now critics would have once said that
Xrp is a centralized entirely pre-mined With ripple Labs awarding itself 80 Percent of the supply from the get-go Others would take offense on a more Philosophical level xrp is the Banker's Coin built to strengthen the existing Finance system that Bitcoin was so Immaculately conceived to undermine and I love all this for so many reasons if You talk about xrp being the Banker's Coin well then Bitcoin Bitcoins and Bankers coin too Because and I love how perfect of a Comparison this is Jack mullers the Founder and CEO of strike is literally Using Bitcoin to help the Legacy Financial system in the same way as a British currency in the same way that Ripples using xrp to do the same damn Thing so bitcoiners some of them uh like Like Let me say like this There have been plenty of of uh Bitcoiners especially the toxic Maxi Ones who have said xrp is the Banker's Coin in years past I don't see them saying that as much now I really don't come across that quite as Frequently that's because their whole Positions are stupid as hell from the Beginning you can use any decentralized Cryptocurrency for whatever the hell you Want whether it's xrp or just your Bitcoin picker pick your coin if it's
Decentralized plug it in to whatever Technology stack y'all want to Ripple Was using it for a thing now Jack Muller's with strike is using it for a Thing and it's the same damn thing They're it's the same effort it's just That they're using Bitcoin and lightning Network to an attempt to achieve the Same goal so they started with an Inferior technology stack but they're Still trying to do the thing that Ripple You know they showed their first demo Like eight years ago doing it something Like that And then the idea of it being Centralized when there's no control and This and this is the the other thing the Whole pre-mind thing with with all the Xrp being created all in one go all at Once there's no mining these crazy toxic Bitcoin Maxi trolls You know living under a bridge staying Warm next to dumpster fires like they Consider pre-mining to be original sin Effectively now it's so stupid because Eventually all Bitcoin will be mined and Then when all Bitcoin is out in the wild And all xrp is out in the wild nobody's Gonna care how it got out in the wild You idiot sticks and so all this is just Nonsense bunk stuff Um and by the way I'll mention here too You know Ripple didn't award themselves 80 of the supply of xrp the founders
Gifted xrp to Ripple which is a Different statement Huh facts be damned though right facts Be down so anyway considering all of That and there's all sorts of other Things but still even just considering Those few things cited right there isn't It kind of Interesting to see That uh now that they realize that They're under attack from the SEC too or They feel threatened now people are Coming around and defending Ripple and Also defending xrp people in the past Never would have all it took was them Getting attacked like oh yeah I guess we Should all band together Well thanks for joining the party I mean I am glad that they are getting it but Still man it's like pulling teeth for a While here anyway peace continues but Today if crypto insiders were looking Through their enemies enemies uh for new Friends Ripple and garlinghouse are top Of the pile Ripple Labs Executives have never Exactly tried to mend the Divide between Ripple and the rest of the crypto World Co-founder Chris Larson's five million Dollar change the code not the climate Campaign launched alongside Greenpeace Last year aims to convince Bitcoin to Ditch proof of work mining with Newspaper ads and whatnot now part of
The reason that's hilarious is because That's not even Ripple that's Chris Larson specifically in providing his Money his personal five million dollars To push for this because he actually Does very genuinely believe in all this Uh you know the climate stuff that he's Espousing here that's the reason and he Has his arguments as to why he feels the Way he does about Bitcoin now you don't Have to agree or disagree on either the Climate stuff or the Bitcoin impact or Potential impact in the future all that Stuff either way the point is it wasn't Even Ripple but but they wanted to to Pin it on Ripple because it sounds bad To so many people especially in the Bitcoin community on the surface Peace continues but the stunt has Amounted to more annoyance than any real Clout Bitcoin is even ironically adopted the Campaign's apocalyptic mascot despite The ongoing SEC Strife Ripple also Claims its business is better than ever Institutions do seem increasingly eager To use its crypto powered payment rail Ripple now discloses billions in Quarterly revenue from selling xrp over The counter for use on Ripple net Spending a near equal amount to re-buy The Token on public markets not that it Really matters xrp has persistently been One of the most valuable blockchain
Projects in the world There's a certain Lindy effect that Comes with nearly a decade of stain Power in crypto All this we know the interesting part Isn't that Ripple is considered to uh Considered to a success in spite of its Detractors it's interesting now who Considers Ripple a success it took Crypto's number one villain Gary ginsler To fully legitimize the project in the Eyes of the formerly dubious crypto Crowd and I'll just note that there's Ryan selkis who's the founder of massari Here he tweeted out on March 21st the Following I've been critical of Ripple in the past Various reasons but more aligned with Them than ever before Ripple should win The overreaching xrp SEC case and The Xrp Ledger should be afforded the Opportunity to compete fairly on digital Payments infra globally demand is there And right this is a person who up to This point has despised xrp He would say literal false so it's Pretty like I'm not kidding he would say Literally state things that were not True to drive a narrative And it's a shame that that was the case But after all these years of hating it He has actually come around and realized Hey it actually is just a decentralized Software it's just computer code
You know you can use it for whatever he Seems to finally be getting it it just Took this kick in the rear side with What's happened from all the SEC stuff For even someone like him but he oh my Gosh the stuff that's come out of his Mouth and then and I'm sorry it's just It's Been ridiculous in the past and it is a Pleasure to see this show I mean he Hates he hates xrp holders so much and I Mentioned this a few times over the Years Ryan selkis and this is back Before I launched my YouTube channel so Nobody knew who the hell I was but I Remember in a thread about xrp I didn't Even talk to the guy I never have Uh but he I hit like on a response to Something that he was saying about xrp So somebody was rebutting whatever Ryan Sulcus said about xrp I hit like on Whatever that was and then he blocked me And everyone apparently everyone else That hit like I was like okay close my and this is I'm Brand new to crypto I'm like well that's A nice hello right I'm so just you know I think that what he's saying is wrong About xrp I'm still learning about Crypto and I guess that I just should Not not if I should not have had the Opinion that I had but that's why it's So funny now uh he oh he's come around To my way of thinking after all of these
Years and he's one of the most Well-known individuals in the crypto Space in general so it is a positive Thing So you know I'm happy to let the past be In the past but I'm just sharing Information so that you're all aware all Aware of how how big of a deal it is This is something I never this is like Hell is frozen over I never thought that This would ever happen I just thought he Was so close-minded and that his Favorite food on the planet was room Temperature cottage cheese but Apparently he's open to other food items As well I just didn't know that until Recently peace continues it used to be That crypto startups were cursed if Their tokens were labeled Securities Something must be wrong with the project If even the SEC knows it's centralized But now the agency's fixation on Interest-bearing crypto accounts Coinbase's proposed lending product and Kraken staking as a service offerings Has set the stage for Ripple's Redemption Arc It seems by the way is it it's kind of I Get the concept they're trying to share That's stupid though because it's it's Not a Redemption Arc there's no Arc Where they need to go from whatever to Redemption Ripple didn't do anything Wrong okay riffle didn't do it a damn
Thing wrong everybody else was wrong and Rude towards Ripple and the xrp Community so Redemption Rick isn't quite Precise but I get what they're trying to Say Peace continues it seems realistic that The SEC case could Ripple Outright but the case may well have Secured Ripple's reputation for good if Ripple wins it will have defeated Goliath to be crowned a crypto Champion Ripple's reputation would only be Steelmanned if it lost a Monumental fine Could hypothetically bankrupt The Firm But considering its current revenues It's unlikely And by the way I also point out that Last time garlic house said anything About this publicly Ripple CEO Brad Gargoyles he said uh yeah we've got a Billion dollars in the bank so In theory possible but I'm just saying They're probably gonna be fat they're Probably going to be fat He's continuous it could be that nothing Really changes for ripple after the case Concludes Win Lose or jury trial except One major shift the magnetic poles of The crypto industry have flipped Xrp is now bona fide in the eyes of a Once hostile industry all thanks to the SEC there you go Truth whacked people over the head so I'll tell because the SEC attacking
And then all these people that were Being completely unreasonable irrational Ideologically driven all had to happen Is feel like they're getting threatened Now and then they're like okay tell me More about this that's our pay thing it Works oh it is okay and then we'll learn All the facts about it now okay all Right Well I'm happy for it I am happy for it I don't want to sound like I'm I'm not Happy it's I'm appreciative of this but I still gotta laugh a little because I've been dealing with this crap for Over half a decade and there still are People that are just absolute haters It's not like everybody flipped on a Dime but a lot did And I think that you know even Ryan Selkis even if you just look at what he Said and then from sorry all this coming Up even that has gone a long way I I'd Be willing to bet in terms of flipping Some of the people's minds that had These false ideas whether you know Planting their head whether willing or Otherwise because some people are just Outright tricked and hear false Narratives and then they fall for it Like there's some of that too and I'm I'm nothing but sympathetic for stuff Like that but for the people that are Just willfully ignorant on this I was Like well
Live your life man just live your life It's good to be an xrp holder though xrp Is not going anywhere it's sticking Around it continues to be increasingly Useful the more time passes more people Are jumping into crypto what the hell do You think that ultimately means for Bryce which is why I'm happy to be here Right now and I will be as patient as I Need to to see this thing through I'm not a financial advisor you should Not buy or sell anything because of Anything I say are right that would be a Very very very bad idea until next time To the Moon family sedan
