@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley He doesn't have to say anything.
The most damning comparative evidence doesn't come from ETH or BTC, but from XLM.
Stellar had to create code and tools to eliminate the centralization inherent in XRP.
Barking up the wrong tree, entirely.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley他什么都不用说。
最可怕的对比证据不是来自ETH或BTC，而是来自XLM。
Stellar必须创建代码和工具来消除XRP固有的集中化。
完全是找错人了。

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley Also, the ETH sale did one thing that the XRP sale has not: it ended.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley同样，ETH的销售做了XRP销售没有做的一件事：它结束了。

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley They do not have to.
ETH may have been a security but the company which sold the tokens ceased to exist when the genesis block was hashed, and the tokens which were sold are not a majority of those in circulation.
There's nobody to sue and there's nothing to sue for anyway.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley他们不必这么做。
ETH可能是一种证券，但出售代币的公司在对genesis区块进行散列时已不复存在，而且出售的代币并非流通中的大多数代币。
没有人可以起诉，也没有什么可以起诉的。

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley Without Ripple the XRPL would come to a full halt within 90 days.
Guarantee

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley如果没有Ripple，XRPL将在90天内完全停止。
保证

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley Ripple controls the available supply.
Significant code changes come from RIpple employees.
Ripple only recently began to relinquish control of the consensus mechanism, which failed spectacularly in November 2021.
XRP only works BECAUSE it is centralized. It fails otherwise.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley Ripple控制可用供应。
RIpple员工对代码进行了重大更改。
涟漪最近才开始放弃对共识机制的控制，这种机制在2021年11月惊人地失败了。
XRP之所以有效，是因为它是集中的。否则就失败了。

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley The SEC has avoided concrete definitions to avoid what I have termed "decentralization theater," or the ability to make it appear one conforms to what would be a legal definition of decentralization in order to facilitate financial crime and regulatory avoidance.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley证券交易委员会避免了具体的定义，以避免我所说的“分权戏剧”，或使其看起来符合分权的法律定义，以促进金融犯罪和监管规避。

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley It is not "mostly sold" on secondary markets.
Every single XRP token in circulation came from Ripple, without exception.
XRPL isn't decentralized from an academic standpoint nor does "decentralized" have any legal definition.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley它在二级市场上“大部分都不卖”。
流通中的每一枚XRP代币都来自Ripple，毫无例外。
XRPL从学术角度来看并不是去中心化，“去中心化”也没有任何法律定义。

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley Instead of asking how XRP is like ETH or BTC, one should ask how it is like BitConnect.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley与其问XRP与ETH或BTC有何相似之处，不如问它与BitConnect有何相似之处。

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley For instance, someone asked why it took so long for the SEC to come after Ripple.
It's obvious: technology and understanding of it had to mature to a point where quantification could be applied.
It simply took as long as it took.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley举例来说，有人问SEC为什么花了这么长时间才对Ripple采取行动。
很明显：技术和对它的理解必须成熟到可以应用量化的程度。
只是花了和花了一样长的时间。

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley I'm not going to engage in an argument discussing the cultural erosion of authority and expertise.
There are things which are incorrect, improper, and just plain wrong in cryptocurrency.
People want to argue otherwise for their profit. I don't care about their profit.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley我不打算参与讨论权威和专业知识的文化侵蚀的争论。
在加密货币中，有些东西是不正确的、不恰当的，而且完全是错误的。
人们想为自己的利益而争辩。我不在乎他们的利润。

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley It is because the public cannot mint their own tokens which gives Ripple 100% complete dominance of the price. They decide who gets XRP, they get the profit for it, and no one else may do so.
It's pretty compelling.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley这是因为公众无法造出他们自己的代币，这让Ripple在价格上拥有100%的绝对优势。他们决定谁得到XRP，他们从中获得利润，其他人不可能这么做。
这很有说服力。

@HaroonS98022577 @AriesLevy @Blikemike2 @stephendpalley Yeah I dont care to have a dick measuring contest with randos on the internet.
I dont have to sound objective. I'm a professional.
Objectivity isn't required, only adherence to reality.
Also... nobody cares to convince you because what you think is irrelevant.

@Haroons 98022577@AriesLevy@Blikemike2@stephendpalley是的，我不想在互联网上与randos进行一场测量阴茎的比赛。
我不需要听起来很客观。我是专业人士。
不要求客观，只要求坚持现实。
而且没人愿意说服你，因为你认为的无关紧要。

@AriesLevy @Antimon_E @Cryptokodo @Blikemike2 @stephendpalley @Tranglo FWIW the reason folks miss that is because it's not a product of financial or tech committees in congress.
The one governmental body w/ more experience than anyone in commodities and their regulation: the House committee on Agriculture.
Crypto is like an orange, not an orchard

@AriesLevy@Antimon_E@Cryptokodo@Blikemike2@stephendpalley@Tranglo FWIW人们之所以怀念这一点，是因为它不是国会金融或技术委员会的产物。
唯一一个在商品及其监管方面比任何人都更有经验的政府机构：众议院农业委员会。
Crypto就像一个橘子，而不是一个果园

@AriesLevy @Antimon_E @Cryptokodo @Blikemike2 @stephendpalley @Tranglo A blockchain is a DLT, but not all DLT are blockchains.
Blockchains have a default state of commodity. DLTs have been given no such definition.
Nuanced and subtle, but none the less quite valid.

@Levy@Antimarit@globlie2不是所有区块链都是区块链。
区块链具有商品的默认状态。DLT没有给出这样的定义。
细致入微，但仍然十分有效。

@AriesLevy @Antimon_E @Cryptokodo @Blikemike2 @stephendpalley @Tranglo Before Ripple went to the SEC, I lobbied congress and encouraged the definition of what we termed "blockchain commodities".
Ripple isn't a blockchain and therefore does not get the benefit of the doubt. The natural state of a blockchain token is a commodity, but can be corrupted

@AriesLevy@Antimon_E@Cryptokodo@Blikemike2@stephendpalley@Tranglo Ripple去SEC之前，我曾游说国会，并鼓励定义我们所称的“区块链商品”。
Ripple不是一个区块链，因此不会从怀疑中获益。区块链代币的自然状态是一种商品，但可能会被破坏

@AriesLevy @Antimon_E @Cryptokodo @Blikemike2 @stephendpalley @Tranglo There was no market confusion. The SEC was very clear, however the SEC is under no obligation to ELI5 nearly 100 years of securities laws and precedents.

@AriesLevy@Antimon_E@Cryptokodo@Blikemike2@stephendpalley@Tranglo没有市场混乱。SEC非常清楚，但是SEC没有义务遵守近100年来的证券法律和先例。

@AriesLevy @Antimon_E @Cryptokodo @Blikemike2 @stephendpalley @Tranglo Ripple had 2 or 3 securities attorneys tell them that they were doing it wrong and needed to fix it, but they refused because it meant a loss of income.
Then the SEC sued and here we are.

@AriesLevy@Antimon_E@Cryptokodo@Blikemike2@stephendpalley@Tranglo Ripple有两三名证券律师告诉他们他们做错了，需要修复，但他们拒绝了，因为这意味着收入损失。
然后SEC起诉了我们。

@AriesLevy @Antimon_E @Cryptokodo @Blikemike2 @stephendpalley @Tranglo Except that there was no confusion, although I am unsure what is or is not "fair notice".
In January 2018 it was clear to myself, CoinCenter, and a bunch of other folks that engagement w/ the SEC was unavoidable. Is the SEC legally required to send an engraved invite? Idk

@AriesLevy@Antimon_E@Cryptokodo@Blikemike2@stephendpalley@Tranglo，只是没有出现混淆，尽管我不确定什么是“公平通知”，什么是“不公平通知”。
2018年1月，我、CoinCenter和其他一些人清楚地意识到，与SEC的接触是不可避免的。美国证券交易委员会（SEC）是否被法律要求发送刻字邀请？Idk

@AriesLevy @Antimon_E @Cryptokodo @Blikemike2 @stephendpalley @Tranglo Not only does it satisfy Howey now, but it was even worse for the majority of the time XRP has existed.
XRP is a piece of software. It is not an entity. Ripple is on trial.

@AriesLevy@Antimon_E@Cryptokodo@Blikemike2@stephendpalley@Tranglo不仅让Howey满意，而且在XRP存在的大部分时间里，情况甚至更糟。
XRP是一款软件。它不是一个实体。Ripple正在接受审判。

@AriesLevy @Antimon_E @Cryptokodo @Blikemike2 @stephendpalley @Tranglo The reason the SEC claims sales beyond the first are securitized is because Ripple maintains price control and even from this thread it's clear people don't understand what that actually means or looks like or why its not a good thing.

@AriesLevy@Antimon_E@Cryptokodo@Blikemike2@stephendpalley@Tranglo证券交易委员会之所以声称第一笔交易之外的销售是证券化的，是因为Ripple保持价格控制，甚至从这条线索来看，人们显然不明白这到底意味着什么、看起来像什么，以及为什么这不是一件好事。