No Wonder Satoshi Disappeared...

[figmentofmyass]

The plaintiff is claiming he lost $118,100 through his XRP investment, according to an August filing.

caveat emptor.

he waited for his investment to be worthless and now he's got buyer's remorse. here's some advice: next time, don't buy the top and baghold until the bottom. these are altcoins we're talking about, lol.

i have a difficult time sympathizing with reckless investors looking to the state for bailouts.

'In a suit, the plaintiff accused the company of breaching securities guidelines by issuing XRP monthly in sales to the public with promises of gain.'

Is there any truth to that? If that's declared to be the case then they're in for quite the ride.

i don't pay particular attention to ripple, but i've kept a loose eye on it ever since 2013 and i read the headlines. i would be very surprised if they ever explicitly promised returns on XRP investment. like BNB/binance though, ripple labs' actions do imply returns, and i'm not sure where the SEC stands on that.

it doesn't look like we're gonna get any resolution on the question anyway:

While the complaint alleged that the cryptocurrency XRP is a security, it is unlikely that this question will be resolved during the ongoing proceedings, according to legal experts.

[1Referee]

and indeed it has - a truly ludicrous price based on nothing.

Ripple is smart. The gang behind it owns most of the coins in existence. All they did is create hype around their project where people now believe that institutions will use it as settlement layer. In the background, Ripple has sold billions of coins to otc buyers. If that isn't a smart way to unload your bags without immediately crashing the market like outright scams do, I don't know what is.

The scheme ends when all their reserves are sold out. Currently they have 50 billion to unload still.

[Nhor1011]

Who really knows that Satoshi Dissappeared? Who knows Satoshi is just behind reading your post . Since nobody knows where is Satoshi because Satoshi is anonymous I think it is his plans to keep quit for security reason because he is already succeeded in making bitcoin  a valuable coin in crypto space.

[Ayiranorea]

Ripple is far older than BTC. If I remember rightly it got rolling in a rather different form in 2004 or so. This makes it a double piss take as it's had 15 goddamn years to achieve something, and indeed it has - a truly ludicrous price based on nothing.

Back then, Ripplepay.com was just a website that allowed people to extend credit to one another. There was no native currency like XRP. The whole thing was reinvented as a Bitcoin copycat with centrally issued tokens in 2012. So, XRP has only had 7 years to attain a totally ridiculous price.

For years ripple has been promoted through various domains, but nothing reached the common people. After the evolutionary bitcoin ripple is being reinvented as said in the above quote. This being comparison with bitcoin it got its usage. Further at times they themselves manipulated with price pumping to make it visible to the community who aren't much focused on it.

[Velkro]

Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

Just need to look at Vitalik. He is vulnerable and Ethereum is vulnerable too in same time because of this.
Dying from Satoshi was worst that happen to him, but best that happen for Bitcoin. Its brutal, but its reality.

[gentlemand]

Dying from Satoshi was worst that happen to him, but best that happen for Bitcoin. Its brutal, but its reality.

Disappearing was surely a conscious choice on his part. There's no way it could achieve the goals he envisioned if he'd stuck around answering questions and tinkering. It had to move beyond one person.

[maydna]

I don't think that was the reason why Satoshi disappeared and hiding from us. He must have the other important reason, but he cannot tell us about that. But no matter what Satoshi reason, we will not know, and we don't have to think about why, but we need to continue for what Satoshi did so bitcoin can be more popular than now. Lets Satoshi does what he wants to do, and we do what we need to do while we will see bitcoin price increased later. And if Satoshi thinks that he needs to show himself, he will come to this forum again, and he will tell the reason. But ripple is different than bitcoin, and it cannot compare to bitcoin.

[BitcoinsGreat]

Money is big business.

Ripple is literally a business, though.  It's not a valid comparison with BTC and satoshi.  Bitcoin isn't an entity that can be sued for giving investors fraudulent advice.  Ripple is. 

Ripple is centralized and as they claim that banks will be using it. I still looking which banks are actively using it in their daily transactions ?

Doesn't matter Satoshi did not disclose his entity, bitcoin was made to be anonymous and therefore you can understand the reason.

[error08]

Bitcoin is different from altcoins, can't be compared.
When satoshi left bitcoin core, he had the reasons, he said; “I’ve moved on to other things,” Satoshi wrote back. “It’s in good hands with Gavin and everyone.”
Although the disappearance of satoshi might be a good thing for the bitcoin community, still it's pain in our heart never sees anything from him again.

https://bitcointalk.org/index.php?topic=4712900.0

[OasisDre]

Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

To me i think its better if satoshi stay hidden or vanished forever, its really a good thing for the whole crypto community unlike ripple that is centralized and vulnerable as well, we really shouldn't be comparing both, the difference is marginal

[adzino]

What does ripple have to do with Satoshis disappearance?
Anyways, Ripple is a company not a coin. They are the one that created XRP and is holding majority of the coins, thus many does not consider XRP as a decentralized currency. High chances the coin itself might become worthless as more people realizes this. Coins being created out of thin air and majority being held by a company does not sound like a decentralized crypto currency. Feels more like a currency that is controlled and can be easily manipulated.
Good thing Satoshi disappeared, or else people would worship him and any act or words said by him might cause some serious changes in the bitcoin market. Him being disappeared means his influence from the coin being gone thus making the coin truly decentralized.

[redsun114]

The case of bitcoin would have been a different one entirely because Satoshi project is a decentralized coin which people already understand and even if he was known, people would not have been able to sue him for anything if they really understand how the whole things operates.

Ripple has always been full of deceit right from onset and I never trust them for anything, I am even glad that someone is wise enough to see their deceit and then sue them for it because no matter how much investors pumps money into the ripple business, they will never get any yield from it, and if you look at the last pump that they had, it was an artificial pump which made many people holding on to that believe ripple will reach $4 again for a project that is not being used by people.

[gensol]

True decentralisation speaks anonymity which is good to everyone. Imagine staying anon yet controlling large sum of money and being able to transact globally.

[leavolnhals]

whether he disappeared or still alive, he could not do anything about bitcoin since there were so many people holding bitcoin and the right to manipulate belonged to others. Satoshi is only a name now and he no longer has any special influence.

[tenakha]

whether he disappeared or still alive, he could not do anything about bitcoin since there were so many people holding bitcoin and the right to manipulate belonged to others. Satoshi is only a name now and he no longer has any special influence.

Satoshi is the creator of almost all the cryptocurrency. The Bitcoin created by him has created a whole market. Do you think that means nothing?

[huu78]

Cryptocurrency is a Digital currency, somehow the project that Satoshi woke him even disappeared when it was a big success. He lives behind it by raking in the advantages of the bitcoins he holds.
Bitcoin and Ripple are really different they are not the same. Bitcoin is generated through mining and can be in mining by anyone while Ripple already has a supply that is held by the developer or the company for their community for something event.

[upyem2k]

I don't get it. Is anyone comparing Satoshi disappearance to justify woes on the ripple? Satoshi believes he left bitcoin in good hands and moves to something else. That's what achievers do.

[laskybok]

The advent of bitcoin within a short space time, has brought great transformation. Satoshi already saw saw this coming before he launched it, because that was part of his core vision. Had it been we know him in person, then a lot would have happened.

[JeffBrad12]

whether he disappeared or still alive, he could not do anything about bitcoin since there were so many people holding bitcoin and the right to manipulate belonged to others. Satoshi is only a name now and he no longer has any special influence.

Satoshi is the creator of almost all the cryptocurrency. The Bitcoin created by him has created a whole market. Do you think that means nothing?

Pretty sure he refer to the fact that bitcoin is decentralized even satoshi has no control over it but the name satoshi still has influence to the public.You need to note that satoshi did not create all the cryptos. He’s publishing the bitcoin source code indeed but there are plenty of coins that are quite different to bitcoin and last time ai remember the coin that has familiar code to bitcoin is Litecoin.

[Bitfling]

Decentralized. Easy to Send and receive. Valuable. These are some of the things we may take for granted. Think of what others who didn't have the foresight may go through in future. Crypto is money. Money is big business. No wonder Satoshi disappeared. https://www.cryptoinfowatch.com/ripples-woes-may-multiply-as-disgruntled-investor-files-fresh-claims/

If satoshi displays his identity from the start, maybe people will think bitcoin is a fraud or ponzi scheme. It's true that Satoshi has disappeared so that his vision of peer to peer develops and this is happening right now with the price of bitcoin which has the potential to continue to strengthen year after year.