Atlas
1.8K posts

Atlas
@Atlas_Arcs
Christ is King : 2A : HODL : Charts and Graphs : 7 Kids : Anon
เข้าร่วม Kasım 2018
589 กำลังติดตาม234 ผู้ติดตาม

Ripple pays its bills by dumping 300 MILLION XRP on its own holders
When XRP launched in 2012, 100 BILLION tokens were created at once, all at genesis
The founders kept 20 billion for themselves and gave the other 80 billion to the company
In December 2017, Ripple locked 55 billion XRP into smart contracts so they couldn't just dump the supply whenever they wanted
That escrow releases 1 billion XRP every single month on the 1st, automatically, with zero human intervention required
Ripple typically relocks 70 to 80% back into new escrow contracts and they keep the rest, which is roughly 200 to 300 million XRP, to fund the entire company
At XRP's current price, 300 million tokens is $400 million, every single month
Ripple's CEO Brad Garlinghouse told the Financial Times directly that the company "would not be profitable or cash flow positive without selling XRP." The CEO himself admitted the entire company runs on dumping its own token
Ripple paid MoneyGram over 61 million dollars in "market development fees" to use XRP
MoneyGram then told reporters: "We sell XRP as soon as we receive it because we don't hold any XRP"
Ripple pays partners in XRP, the partners dump it on the market immediately, and Ripple announces it as adoption
The SEC called this out in their own complaint
They wrote that MoneyGram "became yet another conduit for Ripple's unregistered XRP sales into the market, with Ripple receiving the added benefit that it could tout its inorganic XRP use and trading volume"
The co founder who left, Jed McCaleb, kept 9 billion XRP on his way out, spent 8 years dumping from a wallet the community named 'Tacostand,' and walked away with 3.2 billion dollars. Ripple had to sue him just to slow the sales down
The bull case for the last decade has been "banks are coming"
Bank of America, Santander, PNC, American Express, and JPMorgan all partnered with Ripple. None of them actually use XRP
They use Ripple's messaging software without ever touching the token
Ripple still holds around 39 billion XRP in escrow, roughly 39% of total supply
Every holder of XRP is being slowly diluted by the company itself, by design, on a monthly schedule that's written into the blockchain
XRP is now down 6 consecutive months
A big reason is that every month, a new batch of supply hits the market from the same wallet, and everyone knows it's coming
The company that fought the SEC for 5 years and won is funded almost entirely by printing its own token and selling it to the people who believe in it


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Flakiest crust, most delicate crumb. Truly artisan rifles.
Ronnie Adkins@RonnieAdkins
Sons of Liberty bakes a really, really nice rifle.
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@RonnieAdkins @mmtactician Whats the saying....everyone has a plan until they get shot in the face.....something like that. Nice hog.
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@JoshuaBarzon Sigh. That does not line up with Scripture. Thats a Baptist doctrine and I encourage you to dig in a bit more. In Revelation it says He CAN blot out names from His book of life.
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Simple Bible Truth #467 - A Christian can’t lose their salvation. Salvation is a gift. Salvation depends on the righteousness of Christ and not the believer’s righteousness. And no one can take the believer out of the Father’s hand… including the believer.
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@BillyM2k @TheDemocrats Wait. Are YOU Asian? If so my picture in my head of you has to completely change.....
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@TheDemocrats ah yeah let’s make fun of an asian veteran’s height, ya fucking morons
whoever runs this account is a shit stain on the world
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@TylerAndrews13 @TyrantDesign Proud of you, man. Very impressed. No snowflakes.....
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@Josh_Shoots_ Very nice, i paused it and was able to figure it out buts its always nice to talk with a fellow shooter. What moa is the actual red dot, 3? 8?
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@RWMaloneMD @redsteeze "Reporters" never tell you to truth about their intent and completely misconstrue your words. I never do an interview unless I am also recording so when they misquote me I can sue
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Kash's Case: My life was radically changed by The Atlantic hit piece on me in 2021. I was lied to by the reporter, who sought my "advice" on the mRNA vaccine and instead wrote a defamatory article. I then foolishly tried to correct the record by allowing the NYT times to interview me - another hit piece. Chock full of lies. These two article make-up the basis for the Wiki-lie pages on me. That was a turning point for me. Where I fully realized just how evil MSM had become. The only funny episode in the whole, sordid affair and wrap-up smears that followed was that Dr. Stan Gromkowski, a cellular immunologist who worked on mRNA vaccines in the early 1990s, insisted that the Atlantic quote him. He stated that I was an "under-appreciated pioneer" and he said to the Atlantic that he told me, “you’re fucking up your chances of a Nobel Prize”, which is true - so the The Atlantic did get that right. And they had to print it. That was later cited in multiple sources, including Starkman Approved and Ruthfully Yours. Now for some reason, that quote never made it onto the Wiki-hit page on me or any of the tens of hit articles, including by the Wash Post, The Scientist, Rolling Stone, AP and so many others - all going back to that original Atlantic article as source material. I tried to sue for defamation, but was blocked by the fact that I am a (quote) "famous" person, so I would have to "prove" is was done with malice by the reporter. Which is almost impossible to do. This is due to a Supreme Court case (Sullivan V. NYT), which has been misinterpreted by lower courts over many years, to mean that famous people can't sue for defamation without proven malice. The original ruling was the politicians can't sue. So, Kash has an uphill battle - but I hope he takes the Atlantic through the wringer, as they are evil and I pray that the US gov. supports him in this endeavor. I pray that it goes all the way up to the Supreme Court - who rules based on the intent of original Sullivan V. NYTs ruling.
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I don't know about any of this but here's the problem. The Atlantic publishes several pieces (against one side) with nothing but anonymous sourcing which is then disputed by on the record sourcing and they never address it. The Atlantic is run by a former Salon editor. Start there.
So when they decide to just change a title out of the blue without explaining it while Jeffrey Goldberg just says it's fake news to Brian Stelter it should raise suspicions.
Whatever The Atlantic engages in it's not journalism not on any standard that is taught anywhere about what journalism is.
I don't know if anything they're saying about Kash Patel is true or not but the tactics that they engage in is not journalism including stealth editing and anonymous sourcing as their main reason for publishing.
If you can't get a single source to go on the record for your peace all you are is Gawker for coastal elites. And if the Atlantic is such a prestige outlet that it claims to be it should be able to get people to go on the record.
But they can't. Weirdly.
@JeffreyGoldberg
Jorge Bonilla@BonillaJL
Nothing says "we stand by our reporting" like ye olde ghost-edit title swap on The Atlantic's "Operation Get Kash" hitpiece
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