Interesting thinkpiece by @danprimack. Legally the idea of destroying a cryptocurrency by crashing the price is... how to put it delicately... curious, but curious if people get sick enough of Ripple Labs that they fork the chain and leave Ripple's billions off of the fork. https://t.co/PD0dl6aDur
NAP: John McAffee can rape kids on sex-tourist holiday and murder two people in cold blood, but you’d better not expect me, a contract supremacist, to ever adhere to the contract I signed the moment it becomes less profitable for my end of the bargain.
Halp, I’ve been violated!
Probably not. Particularly given that Valor is still fundraising and working on its code, which means Ripple still has several months to develop the crypto equivalent of a poison pill. Plus, even if Ripple can't apply defenses, there are still tons of challenges — not the least of which is convincing enough large XRP holders to make the switch.
Not even done fundraising or with the code itself, which could take a huge amount of time... This doesn't factor in that they have no marketing, no working products and Ripple is so far ahead it's laughable.
It took years to get banks, financial institutions and the rest of the community on board with Ripple and XRP. They would never suddenly switch to a random third party, especially when tagged ‘hostile’.
Whoever wrote this doesn't understand how shorting works, not understand that the way to drive down prices is to flood the market with supply, and if they want to buy up XRP they have to increase prices, not drop them.