Authors Ryan Bitcorn Selkis
7 days
30 days
All time
Recent
Popular
1/ After a good night's sleep, I have a few thoughts on the impending Ripple lawsuit.
Less schadenfreude, more "what now?" https://t.co/a0oTwblBHB
2/ First of all, the USG is going to lose.
I don't even need to read the complaint. They might force a settlement, but they're outclassed on legal.
Remember Ripple engaged former SEC Chair Mary Jo White in a civil matter in 2018. A hint of their
3/ Second, the USG should lose.
The SEC restrictions on non-accredited investors; the ridiculous Howey test; 80 year old securities law like the "40 Act" all need to die in fire. They are un-American and completely outdated.
I hope Ripple wins. (WUT?)
4/ Third, it's incumbent upon industry to self-police and hold the moral high ground.
I give certain individuals A's and others F's, but as a whole, the most powerful people and companies generally take a Swiss neutrality stance on assets.
So we're effectively in this together.
5/ We're "in this together" to draw lines of regulatory demarcation.
XRP as a "security" further hurts the U.S. businesses while global comps will continue to make these markets.
XRP as a security also means other assets will meet the same fate. At least Ripple has $ to fight.
Less schadenfreude, more "what now?" https://t.co/a0oTwblBHB
BREAKING: The @SEC_News intends to sue @ripple over its sale of XRP, alleging the cryptocurrency is an unregistered security according to @bgarlinghouse.@nikhileshde reportshttps://t.co/7Z3KSWk7dn
— CoinDesk (@CoinDesk) December 22, 2020
2/ First of all, the USG is going to lose.
I don't even need to read the complaint. They might force a settlement, but they're outclassed on legal.
Remember Ripple engaged former SEC Chair Mary Jo White in a civil matter in 2018. A hint of their
3/ Second, the USG should lose.
The SEC restrictions on non-accredited investors; the ridiculous Howey test; 80 year old securities law like the "40 Act" all need to die in fire. They are un-American and completely outdated.
I hope Ripple wins. (WUT?)
4/ Third, it's incumbent upon industry to self-police and hold the moral high ground.
I give certain individuals A's and others F's, but as a whole, the most powerful people and companies generally take a Swiss neutrality stance on assets.
So we're effectively in this together.
5/ We're "in this together" to draw lines of regulatory demarcation.
XRP as a "security" further hurts the U.S. businesses while global comps will continue to make these markets.
XRP as a security also means other assets will meet the same fate. At least Ripple has $ to fight.
1/ Well looks like folks wanted a 121 tweet tl;dr thread of my annual crypto theses. I was rooting for "delete account" to win the poll below instead, but here goes...
121 crypto theses for 2021.
(not investment advice)
2/ Get the full report here!
It's on the industry's banned books list, so you know it's good and deliciously irreverent.
3/ 1.1 Buy BTC. Buy ETH. Buy DeFi.
(political speech, not investment advice)
There's real fundamental drivers behind these assets today vs. 2017. I think we'll hit $100k / BTC next year, and $3 trillion of crypto market cap next cycle.
4/ 1.2 Buy BTC.
Not my advice, but it is from Paul Tudor Jones, Stanley Druckenmiller, Cathie Wood, Bill Miller, Raoul Pal, Chamath, and dozens of other institutional investors.
The digital gold narrative has stuck because of this:
5/ 1.3 Buy ETH.
Ethereum is the everything marketplace + settlement layer for a new decentralized financial system.
It will clear $1 trillion of on-chain transactions this year; the beacon chain upgrade has gone smoothly so far; ETHE will pull in big $$$ (more on that later).
121 crypto theses for 2021.
(not investment advice)
Should I do a 121 tweet thread on the theses for you ingrates, or would you like me to delete my account?
— Ryan Selkis (@twobitidiot) December 10, 2020
Only two options:
2/ Get the full report here!
It's on the industry's banned books list, so you know it's good and deliciously irreverent.
3/ 1.1 Buy BTC. Buy ETH. Buy DeFi.
(political speech, not investment advice)
There's real fundamental drivers behind these assets today vs. 2017. I think we'll hit $100k / BTC next year, and $3 trillion of crypto market cap next cycle.
4/ 1.2 Buy BTC.
Not my advice, but it is from Paul Tudor Jones, Stanley Druckenmiller, Cathie Wood, Bill Miller, Raoul Pal, Chamath, and dozens of other institutional investors.
The digital gold narrative has stuck because of this:
5/ 1.3 Buy ETH.
Ethereum is the everything marketplace + settlement layer for a new decentralized financial system.
It will clear $1 trillion of on-chain transactions this year; the beacon chain upgrade has gone smoothly so far; ETHE will pull in big $$$ (more on that later).