On XRP

hello this is Charles hoskinson broadcasting live from cold swampy terrible Washington DC I wanted to make a video to talk about what's been going on recently in the last few days in the xrp community and more broadly about the nature of things in the cryptocurrency space as many of I've been in the cryptocurrency space for almost 10 years and I've witnessed pretty much everything you could imagine from the fall of Mount gox actually the rise and fall of Mount Cox Silk Road the rise of Bitcoin the rise of the altcoins the creation of ethereum and many other things and now throughout my time the cryptocurrency space have also seen the rise of xrp I was there before the protocol was launched and I've been here through every major Milestone along the way I know many people in the xrp community I know the leadership of the organization was recently at the Milken Institute where I sat at the same table with Brad garlinghouse Chris sarson recently reached out to us to discuss collaboration with the proof of useful work group that he's been pushing so it came as a tremendous surprise the incredible wave of criticism I receive for a single comment which was taken out of context from an interview I was in an interview called thinking crypto at my Ranch and casually asked a question what I thought about a belief that the entirety of the Securities Exchange Commission is engaged in a financial conspiracy with Joe Lubin in the ethereum group to solely single out and go after Ripple and I said this was a grand conspiracy because it obviously is there is no evidence that the entire Securities Exchange Commission has decided to only go after xrp and no one else there are hundreds of enforcement actions they have pursued in the cryptocurrency space the current commissioner the current chairman of the Securities Exchange Commission has repeatedly gone on record saying his he believes most cryptocurrencies are securities so obviously while xrp is one of the first in line it seems that the SEC intends or at least is saying that they're perhaps going to pursue a broad broad regulatory capture of our entire industry and ethereum may have gotten a pass and that could of course be because of some belief that certain Commissioners have been somehow swept up in a large wave of corruption or could simply be that tens of millions of Americans have participated in the ethereum tens of millions of Americans have put collectively tens of billions of dollars into ethereum that there are thousands of businesses built on ethereum that ethereum truly is actually decentralized and that the probability of a regulatory enforcement event would be quite low for ethereum whereas it's higher with ripple because of facts and circumstances behind the case who knows but apparently a subset of this community has decided to get so far down the rabbit hole then many that any even assertion that perhaps there's more to the story than a conspiracy of of people in ethereum FK is now a crime so much so that a person who has spent years being somewhat positive to the xrp community from interledger to other things and has found ways to collaborate now is the enemy so much so that there are now members of this same mob calling for my background in ethereum to be investigated even though I've only been there for six months that's it PR and left prior to the Ico there is no great knowledge I have of a collusion and conspiracy because there was none that at least I witnessed and it's pretty much sad and pretty disgusting and this particularly really angers me because this is not a small group of people I have literally received now dozens of emails there are now videos made it's a front page of the xrp Reddit tweet after tweet after tweet attacking me for just saying something two words Grand conspiracy during an interview for a question I was asked if this is how you treat people that for years have been a supporter of your community I was one of the only people in the top 10 of the crypto community to go and talk about the xrp case after the Will's notice came and said it was wrong for the SEC to pursue actions that's a fact it's verifiable you can see it and yet you want to go down this road as a community it's shameful and you say I should go on and give some lawyer on YouTube the time of day to spend an hour or two on his channel to let him rant at me and connect all these dots and strings about how one commissioner did something or said something versus another commissioner and that obviously is evidence that the entirety of the U.