If you want to benefit from Ripple/XRP beating the SEC, you should support the scheme

I have made another thread that lays out the material facts of the scheme as best I can, as impartially as I can here: https://www.reddit.com/r/vauld/comments/134p8of/options_in_layman_terms/

Please read it so you know the ins and outs of how the payouts work. People are missing critical details!

In this thread I would like to make the case for specifically accepting the scheme because of the Ripple v SEC implications combined with HOW the scheme payouts work. Please don't accuse me of being a Vauld shill or some other names. I just want to make a cogent argument for why I will be voting yes on the scheme and participating in the RDA myself.

Vauld's debt to each creditor is frozen in time as of July 4, 2022 as measured in USD value not in the original number of coins you had. I think a lot of people are missing this fact pretty hard.

Right now, the Ripple vs SEC case is fully briefed and awaiting its final verdict. Those that have been following the case can tell you that it has NOT been going in the SEC's favor. Having followed every filed document in the case and been on every hearing call as a listener, I am confident that the ruling will be in Ripple's favor (at least for secondary sales of XRP, which is what concerns market price). No one knows the price implications of the case result, but it is commonly thought by analysts all over (not just moonboys) that this will result in multiple fold price action and could send XRP into price discovery as the only crypto with regulatory clarity (at least for the time being.) I won't get into price predicting but good news for XRP is going to make the price increase... fair enough?

The issue here is TIMING. You see, per the terms of the scheme, when you get a payout (including in the RDA) Vauld gives you however many coins equal your payout at today's price and you get to choose which of only 4 coins you get your payout in: BTC, ETH, XRP or USDC.

So let's say you are owed $10,000. You participate in the RDA and decide to get it paid out in XRP BEFORE the case result hits the news stand. If XRP does pull through and multiplies, you can make back your loss pretty much instantly, overcoming even the RDA loss. That $10,000 might hit $25,000+ very soon (more or less, who knows?) If you vote no or wait until after the RDA, your payout is locked and cannot benefit from price action in a recovering market. If BTC was at a previous ~$70K ATH and a halving is next year while we are sitting at a ~$28K BTC now, waiting for an open ended restructuring so you can get your discounted backdated claims just doesn't make sense.

Take the same scenario as above but it's AFTER the Ripple verdict. Your $10,000 is stuck as $10,000. The price can moon to $10/coin but that just means they will give you fewer XRP when the time comes. They are going to pay out your USD value in coins at that day's prices. Your ship will have sailed.

The timing is sensitive here. The news may come before even the RDA can happen, or it might come in between the RDA and First Distribution. It might come in a year. But I find it is generally expected quite soon by most people.

The best chance at recovery via XRP is to get as much back as possible, whether you do it in the RDA or the "First Distribution" as fast as you can before the verdict hits.

Let's be clear - the scheme sucks, the situation sucks and I'm not happy to throw my vote in with those I don't trust. But I also don't trust a liquidation/restructuring exercise where my value can't grow and we have even less detail on how it will go down or how long it will take.

But I originally (like I think many of you) got onto Vauld for US access to XRP and the rewards of that approach have not changed. I'm not personally nearly as interested in the super discounted USD value of my assets as of July 4, 2022 as I am price discovery from the biggest news in crypto in the US (determining regulatory clarity). I got into crypto for the price action and here is a big event on our doorstep.

If I got anything wrong, please correct me and I'll change my post or update my opinion accordingly. Please keep it respectful and don't lambast each other. Thanks!