RIPPLE NEWS

Lawyer John E Deaton commented on Vitalik Buterin’s words about XRP.

Lawyer John E Deaton on twitter commented on Vitalik Buterin’s words about XRP. The words were:

XRP already lost their right to protection when they tried to throw us under the bus as China-controlled imo.

John E Deaton replied to this:

The more I think about your shameful and disgusting comment and considering you haven’t deleted or clarified it, I realize you didn’t misspeak.

This was an immature hateful comment directed at a community of innocent digital asset holders and NOT @Ripple

Many people will not pay your comment much attention. But for those of us who’ve been exhaustingly fighting tribalism and believe in a multi-chain world of interoperability, your comments are truly demoralizing.

If you would’ve said Ripple lost its right to protection, I wouldn’t comment, whether I agree w/it or not. Ripple can defend itself. But even quite possibly Ripple’s biggest critic, @twobitidiot, has recognized the SEC’s overreach and has stated he hopes Ripple defeats the SEC.

In fact, Ryan will be having a fireside chat w/@bgarlinghouse next month. Many people will ignore or excuse your XRP comment. I won’t. I have thousands of emails from people who were devastated financially when the SEC alleged that #XRP is a security no matter who sells it.

Maybe it was stupid for those people to be using high leverage but we know even so-called smart people (3AC) used leverage and got wiped out. And if you get wiped out b/c of the market – that’s one thing, getting wiped out b/c of government intrusion and overreach is another.

Just like any other crypto community, #XRP has some holders who may be overly hostile. But like most communities, it is made up of hard working regular people who seek financial freedom for a better life. Your XRP comment is a slap in their faces.

Maybe you could read emails from January and February 2021. Some people wrote about suicide. I have people in the U.S. who have their entire life savings wrapped up in #XRP in a retirement account. So when you say “XRP lost their right to protection” you insult all of them.

I thought your vision was to help people. But they don’t deserve protection b/c they chose #XRP and not #ETH? What about #ETH holders who also own #XRP? Do their assets only deserve 1/2 the protection?

You would think a founder who’s ON VIDEO saying he chose Switzerland to specifically avoid U.S. regulations from the @SECGov would have more grace. You would think being ON VIDEO describing to perfection your ICO being an illegal securities offering you would be less judgmental

Considering that when you described ETH’s ICO, You insisted it would be: an opportunity for anyone to purchase ether which you said was a: currency inside the Ethereum system, sort of like the #XRP in #Ripple. Vitalik, you literally compared #ETH to #XRP, genius.

You would think that since your ON VIDEO w/@ethereumJoseph saying you knew Ethereum wouldn’t scale and you would have to upgrade and merge the network over years – which btw sounds a bit centralized – you would resist the idiocy of saying #XRP lost its right to protection.

You would think that since your co-founders are ON AUDIO describing how to disguise multiple whale purchases of the ICO; saying “the SEC is a tough thing” and that “we do have to be careful” when talking about the Ethereum IPO, you would maybe not take shots at #XRPHolders.

You would think so since a cofounder said:

We may limit the size the unit size of a sale just to make it easier to disguise.” For investors who “want some privacy” and are “planning on investing several million U.S. dollars worth, then you can do that in multiple identities.

You would think so b/c Ethereum won’t be requiring a real world identity for sales of ether. We can create a pseudonymous email and identity on purchasing, and For whales, anyone planning on investing several million U.S. dollars’ worth,

You would expect less judgment when your ICO’s architect@stevennerayoff said that Ethereum’s lawyers told him that they had an illegal securities offering. He then said that he was charged with a very simple thing. Raise money, and not go to prison.

You would think you would be less judgmental when ALL of your cofounders feared going to prison and Lubin said:

We thought it was possible we would land at JFK on a certain day and the FBI would tackle us to the tarmac.

But Joe wasn’t the only founder scared of jail was he?

Co-founder Chetrit left the #Ether project because he was worried about the very real possibility they would all end up in jail for securities violations.

Finally, the universe expects more grace from you when, 9 DAYS BEFORE THE HINMAN FREE PASS,@GaryGensler said: there is a strong legal case that ether is a security.

They were careful, they were clever, but they still, I think, were a duck and waddles and quacks like a duck.

So with that said young man, on behalf of 72K #XRPHolders, I say be a good duck and quack off.