>by deceiving unsophisticated members of the public
I don't think they've deceived anyone. It takes <2 minutes of research to figure out that it's a network of financial institutions approved by Ripple controlling their network, as well as their supply schedule details/distribution. Anyone who buys XRP should be expected to figure this out for themselves. The government shouldn't waste tax dollars and resources babying irresponsible people who don't take the time to figure it out before buying.
I can't believe I'm defending Ripple. I think anyone who buys XRP is making a very unwise decision, precisely because the government does ridiculous things like this all the time.
I wish the government wouldn't do things like this and Bitcoin had no use case. But alas, governments will continue to suck.
I don't think they've deceived anyone. It takes <2 minutes of research to figure out that it's a network of financial institutions approved by Ripple controlling their network, as well as their supply schedule details/distribution. Anyone who buys XRP should be expected to figure this out for themselves. The government shouldn't waste tax dollars and resources babying irresponsible people who don't take the time to figure it out before buying.
I can't believe I'm defending Ripple. I think anyone who buys XRP is making a very unwise decision, precisely because the government does ridiculous things like this all the time.
I wish the government wouldn't do things like this and Bitcoin had no use case. But alas, governments will continue to suck.