Investors sue Ripple for allegedly violating security laws 1. Ripple can freeze your funds 2. Ripple created all its coins at once and gave about 1/3 out 3. Ripple is the most centralized coin on the market, and IMO, anyone who disagrees just does not understand the inner working of the Ripple protocol. Ripple is now being sued by an investor who is making the case the Ripple is a Security. This is not the only time Ripple has been called a security. Tone Vays stated, " Ripple is no different than a poker chip that is being traded outside of the casino" and he may be right. Although, you should take this with a grain of salt since he is in fact a believer that XRP is a scam (like many others). " Ethereum is a utility token used to move data within the Ethereum database, which just so happened to be Dapps, Ripple is an application token that just happens to move data around the ripple database. The concept is basically the same, but the data which is being moved around is different" - Tone vays during his talk with Doug Polk So one thing I want to point out with Ethereum is that Ethereum can exist and could have been created without creating the Ethereum Token. The only plausible reason for creating ETH token for Ethereum is because 1. They wanted to print their own money 2. As some form of reasoning for nodes to join the network Lets remember that if XRP is indeed deemed a security, there is no reason why ETH won't be deemed a security, and if ETH is deemed a security , then all ICOs will be deemed securities, and this is a HUGE issue. So that being said, what are your opinions on this? What are your opinions on the idea of XRP being labeled an Security? What about ETH as a security? Do you see XRP user's countersuit going well?\ Leave your thoughts below.