RE: Ripple Lawsuit Update: The Judge is FUCKING PISSED!
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this is pretty exciting stuff.
Are you suggesting that this is some sort of titanic one-off and that it will set a solid precedent for a long time after?
Exciting times if so...
to what extent do you think this will let the reigns off of crypto? (not in terms of price primarily, more in terms of adoption and public opinion and passage for utility etc)
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Looking at the regulatory uncertainty... this case FORCES the government to come up with actual rules that people can build around rather than just trying to make it up on the fly. That kind of clarity is bullish alone, because devs will be able to program around the rules in crazy ways that were never considered, being shielded from the law the entire time.
On the flip side, so much money has been sidelined because of all this... so many people assume that the government will just "ban Bitcoin" or whatever. When the SEC loses their case against RIPPLE, everyone's previous mindset gets flipped on its ear... "well if Ripple can't even be regulated then certainly Bitcoin/ETH can't." This kind of thing is going to create massive shockwaves. It's hard to speculate exactly how it will turn out.
pretty freakin exciting!