Ripple is a legitimate company; they don’t pretend to be something they’re not, and they’re really good at one thing: moving money fast and cheap. It’s fantastic; it fills a big need for a hedge fund like us to be able to denominate in XRP.
I practiced corporate and securities law – and no, XRP is not a security. If Ripple the company went away tomorrow: 1. you guys would have nothing to talk about, and 2. (and more importantly) XRP would still exist and flourish. I would enjoy a (non-trollish) debate on this.