In yesterday's video, I considered those issues as the "real" issues in the SEC's accusation. And it’s just that, an accusation by the SEC. Ripple can defend and prove it all wrong. There are 400+ paragraphs. Out of all of them, I found 3-4 that troubled me. 1% of them.

1/13
However, those issues have been eating away at me. And as a community, it seemed as if it was voodoo to discuss them. Fortunately, someone in the community did a great job finding where Brad mentioned on to @jchatterleyCNN that “institutional investors” received a discount.

2/13
Now, whether that is right or wrong, it's at least out there! It's not some "big secret". That makes me feel better about Ripple, that they aren't hiding that.

But, as a community, we avoided these topics. Lots of "theories" about the instrument and SEC agenda.

3/13
Some content creators and people in the XRP community have taken this as their golden opportunity to take a shot at me.

I’ve made 350+ XRP related videos.

I've never singled a person out in our community by name, ever. Not once.

4/13
Underneath it all, everyone likely has the concerns I've raised. And no theories about agenda of the SEC or the bigger play can remove those concerns that are eating away the insides.

As a community, we can work to uncover the truth. We can't avoid the worst issues.

5/13
Brad mentioned that Ripple provides institutional investors discounts, and requires a lock up before they can sell on the open market. I DON'T LIKE IT. But I can find peace, knowing it wasn't some "surprise" by the SEC and I'll be sure to mention it in my next video.

6/13
This still leaves the issue the SEC has in their complaint, stating that Brad sold $150 million of XRP on the public market from 2017-2019.

Many have argued "who cares", "you would do it too".

To have that mentality, would ignore the rest of the complaint by the SEC.

7/13
The SEC is claiming Ripple actively showed interest in retail investor perception in public forums while using market makers around timed news to increase the price of XRP.

If those accusations are true, and if Brad sold into those activities, it’s likely not good.

8/13
This issue in itself is a tough one. Because the only person who can likely deny it is Brad, or Ripple. The silence out of Ripple has been deafening to me.

I want to be a champion for XRP and for Ripple. But I can't be put in a position with these things looming over me.

9/13
"Give them time to respond in the courts."

This is difficult in my position. Let this loom and continue to create videos? "This asset is going to perform great so long as this, this, and this aren’t true?"

The responsible logical thing I can think to do is take a break.

10/13
If Ripple can't come out and dispel the accusations then we as a community have to face them head on and prove or disprove them ourselves.

I took a step towards that. I pushed the real issues from the shadows. Hate me or love me for doing it. I walked into the lions den.

11/13
I've been active in the XRP community every single day, for 8-10 hours a day, 365 days of the year. Whether on vacations or holidays, I was here.

I have dedicated SO MUCH of my time towards XRP, more than most.

I DO NOT want something bad to happen to XRP or Ripple.

12/13
But we have to address these issues head on. Even if we have to dig into uncomfortable holes that may show something bad. We have to address the not so pretty issues, rather than dance around them. And I hope we can dispel them, for our sake.

13/13
You can follow @BCBacker.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.