Blockchain is Red Hot; But Please Don't Tell the Regulators

XRP, née Ripple, surged 20% after a judge said a $125 million fine would suffice relative to the billion dollars the SEC was seeking.

Hooray, I guess?

I'm not an XRP guy and I'm also not an anti-XRP guy, either. I have no position or strongly held opinions either way.

It does seem odd to me, though, that you can hold Damocles cleaver over someone's head for, what, four years and take them to within an inch of their life, and then suddenly say: "You know what; just give us your lunch money and we'll call it even."

I'm being as objective as I can be on this one and trying not to inflame or take sides. But I think it's fair to conclude excessive regulation mostly killed XRP's business. And then to take a 90% haircut on the levy and then walk away and say: "We're good now. You can go about your day."

Um. You kinda did a pretty major tortious interference job on my business. Can we have at least have a conversation about what's been done to my network; my livelihood in the fallout from all this?

I dunno. Maybe I got it all wrong. But the trader in me knew when I saw the $125 MM headline - XRP is going straight up. And it did. And it has. And oh well.

Maybe I don't understand all the legal stuff; I'm not an attorney. It certainly wouldn't be the first time I was wrong some lawyerly mumbo jumbo Nor will it be the last.

It's sorta funny; I see big institutions still throwing around the DLT lingo - you know, "Distributed Ledger Technology". I mean; this is real progress. But we also have real, live functioning open-source public blockchains that kinda rule the roost in this area now.

Price action is passé these days. It's all about L1 and L2 network volume instead. At the Chainlinks, Avalanches, Stellars, NEAR, Polygon, Aptos, Polkadot, Ripple. Oh; shoot. I mean XRP.

A wave of verifiable uncompromised data is heading your way. This will disrupt finance and other stuff. Let's get the lawsuits and fines out of the way as quickly as possible. And see how all this finally unfolds.

Now watch out for that sword.