John E Deaton
John E Deaton|Aug 13, 2025 14:05
Mike @novogratz is spot on when he discusses the significance of a community within an ecosystem. The one thing I would add is that when I sued the SEC and intervened into the @Ripple case, I had 80% of my net worth in Bitcoin and, at that time, held 3X more in ETH than XRP. A few Bitcoiners criticized me for helping a shitcoin and some even called me a @bgarlinghouse or Ripple plant. I usually responded by asking how much of their net worth was as in BTC and it almost always was less than 80%. The reason I got involved was because of what Mike said: regular, hard working people chose to invest their 💰 in a token and it is irrelevant whether you or I believe that that token is the next big thing or exit liquidity for insiders. It’s called a free market, and in my country, the country I served for 7 years of active duty in the Marine Corps, I believe the market should decide which tokens survive - NOT the government. A few insiders at the SEC don’t get to choose who wins and who loses - the market will decide that. 75K XRP holders from 143 countries around the world joined me to fight back. That is extraordinary and the very definition of decentralization. I believe @jungleincxrp was the one who first coined the phrase: Decentralized Justice.(John E Deaton)
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