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The Ripple vs. SEC dispute has been an emotional roller coaster for those who invested in the case and those following it carefully. Simply put, the SEC has told Ripple that its digital currency, XRP, is a security, and Ripple has responded by saying that it is not.

— U.S. Securities and Exchange Commission (@SECGov) December 22, 2023

Is your portfolio green? Check out the Ripple Profit Calculator

Over this, they’ve been arguing in a U.S. courtroom for what feels like an eternity. As a ruling in the case has yet to be made, I opted to consult with our new A.I. buddy, ChatGPT, to share its view.

A chat with our learned A.I. friend

The Securities and Exchange Commission (SEC) determines whether a token is a security using the Howey Test, which is a test established by the Supreme Court in 1946. The test determines whether an investment contract constitutes an “investment contract” and, therefore, a security under the Securities Act of 1933.

The Howey Test has four parts:

It is an investment of money

 There is an expectation of profits from the investment

 The investment of money is in a common enterprise

 Any profit comes from the efforts of a promoter or third party

If a token satisfies all four prongs of the Howey Test, it is considered a security by the SEC.

Q. What are the potential strengths of the SEC case against Ripple?

XRP Sales: The SEC has alleged that Ripple conducted an unregistered securities offering of XRP worth $1.3 billion, which, if proven true, would be a piece of strong evidence that XRP is a security and Ripple conducted an illegal offering of securities.

Investment Contract: The SEC has argued that XRP is a security based on the Howey Test and that the purchase of XRP constitutes an investment contract. If the court finds that the purchase of XRP meets the four prongs of the Howey Test, it would be a strong argument in favor of XRP being a security.

Investor Expectation of Profit: The SEC has argued that XRP investors had an expectation of profit from their investments, which could be strong evidence that XRP is a security and that Ripple’s sale of XRP constitutes an illegal offering of securities.

Control and Influence: The SEC could argue that

The SEC could argue that Ripple exerts a significant amount of control and influence over the XRP Ledger, which would undermine the argument that XRP is decentralized.

Precedent: The SEC has a strong track record in similar cases, and a ruling against Ripple could set a precedent for other cryptocurrencies and companies in the industry.

Q. The Howey test is the strongest point the SEC is using against Ripple, but how does it come short?

The Howey test is a strong point that the SEC is using in its case against Ripple because it is a well-established test for determining whether an investment contract constitutes a security under the Securities Act of 1933. However, the test has limitations, and there are several ways in which it might come up short in the case against Ripple.

The Howey test is based on a 1946 Supreme Court case and may not fully capture the complexity of modern digital assets like XRP. The test is based on traditional investments, such as land or real estate, and may not apply entirely to a digital asset like XRP.

The test is based on the idea of a common enterprise, which may be difficult to prove in the case of XRP. Ripple argues that XRP is a decentralized digital asset and that its value is independent of the efforts of a third party, making it difficult for the SEC to prove that XRP is a security.

The fourth prong of the Howey test is whether any profit comes from the efforts of a promoter or third party. Ripple argues that profit comes from the appreciation of the token’s value rather than from the efforts of a promoter or third party, making it difficult for the SEC to prove that XRP is a security.

The Howey test is not universally accepted. In other countries, the legal criteria to determine whether a token is a security can be different, which means that even if the SEC wins this case, it might not have any effect on Ripple’s operations outside of the U.S.

Q. How is Ripple not a security?

XRP is not a security because it does not meet the criteria of the Howey test

It is not an investment of money: XRP is a digital asset with its utility and can be used for various purposes, such as facilitating cross-border payments.

XRP is not a common enterprise: It is decentralized, meaning its value is not dependent on the efforts of a central party, such as Ripple, the company.

There is no reasonable expectation of profits: XRP holders do not expect profits to be derived from the efforts of others but instead expect profit from the appreciation of the digital asset value.

XRP holders do not expect a return on investment: It is not an investment in the traditional sense but rather a currency or a commodity, and holders do not expect a return on their investment.

Q. Looking at the actions and motivations of Ripple and SEC in their ongoing lawsuit, what movie characters could they be?

In the ongoing lawsuit between the SEC and Ripple, the SEC could be seen as the “protagonist” or the “hero” of the story, representing the interests of investors and enforcing regulations to protect the public from fraud. In this sense, the SEC could be compared to a character like Captain America, who symbolizes justice and fights to uphold the law.

On the other hand, Ripple could be seen as the “antagonist” or the “villain” of the story, challenging the SEC’s regulations and arguing that XRP is not a security. In this sense, Ripple could be compared to a character like Loki, who is a trickster and often operates outside of the law to achieve his goals.

Author’s note: There was no way I could have warned our guest lawyer that this might not go down well with Ripple enthusiasts.

ChatGPT weighs in on the implications of win or loss for Ripple

Q. What are the possible impacts of a Ripple win or loss?

The outcome of the SEC vs. Ripple case could have significant impacts on the cryptocurrency industry and Ripple as a company.

A win for Ripple could be seen as a victory for the crypto industry as a whole. It could also set a precedent for other cryptocurrencies and companies in the industry, making it more difficult for the SEC to regulate them as securities.

On the other hand, a loss for Ripple could have the opposite effect. It could be seen as a major setback for the crypto industry and could lead to increased regulatory scrutiny and enforcement actions against other cryptocurrencies and companies in the industry.

A Ripple win could also positively impact the value of XRP, as it would mean that XRP is not considered a security, which would reduce regulatory risks for the token and increase its trading volume.

A loss for Ripple could lead to a decrease in the value of XRP as it would mean that XRP is considered a security, increasing regulatory risks for the token and decreasing its trading volume.

If Ripple loses, it could also face significant fines and penalties, as well as a potential order to register XRP as a security and to refund investors. This could also lead to a decrease in trust in the company and negatively impact its future prospects.

A win for Ripple could also result in a boost in trust in the company and a positive impact on its future prospects.

Realistic or not, here’s XRP market cap in BTC’s terms

The state of XRP

As of this writing, XRP was trading at about $0.4, a significant decrease from the previous high of over $1 it experienced before its slump. Remember that XRP could not be listed for trading on U.S. exchanges when the lawsuit began. The volume that XRP has been experiencing, as a result, came from markets or exchanges outside of the U.S.

On Balance Volume (OBV) analysis on a daily period revealed that the asset had not experienced any major activity. The Relative Strength Index (RSI) line showed that XRP was in a bull trend then. However, the bull trend was not a powerful one, as indicated by the RSI line.

Our A.I. buddy obviously has an idea of the Ripple (XRP) case, and the chat is a good deviation from price prediction and analysis. It also always pointed out readily to await the court’s decision, as various factors could affect its outcome.

Regardless of the decision that is made, Ripple and XRP will undoubtedly be affected, and a new course will be set.

You're reading I Spoke To Chatgpt About The Ripple

What I Know About Bu Now

What I Know About BU Now A senior’s thoughts on freshman Matriculation

Photo above by Vernon Doucette. Photos below by Kalman Zabarsky

More than 4,200 Boston University freshmen matriculated yesterday morning, and I was one of them — more accurately, I was among them, a senior in a sea of freshmen parading down Commonwealth Avenue and into the official ceremonies. (I don’t think many of them spotted the interloper in their midst.) Having dozed through my own Matriculation three years ago — the chairs seemed much comfier then, and the speeches longer — I was eager to file in with my school and take in the wisdom of the BU bosses: President Robert Brown, Dean of Students Kenneth Elmore, and Provost David Campbell. I suspected I knew exactly what I was going to hear: inspirational calls-to-arms, humorous anecdotes, and odes to the glory of a well-rounded liberal arts education.

Instead, I got a reality check, and so did the incoming class. The morning’s speeches were notable for their honesty about what BU is really like: a serious school, without a lot of room for excessive navel-gazing or major-changing. Some students arrive as confident navigators of BU’s urban environment; those who don’t must learn quickly. Many students thrive at career-focused internships and through inner-city volunteer work, rather than dwell in the stacks of Mugar Library. Classes are actually hard — a fact that may be difficult to swallow for the 457 high school valedictorians in the Class of 2012.

“Difficult demands will be made of you,” Campbell told them. “We are confident that you will not only meet those demands, but excel.”

Both Brown and Anita Patterson, a College of Arts and Sciences associate professor of English, spoke about the faculty: what they do, what they can do for students, and most important, how to approach them. I remember watching the imposing procession of professors in full regalia at my own Matriculation and finding it a fairly unsettling introduction to the people who were going to be grading my finals in four months. But Brown’s address wasn’t coddling: “The faculty,” he told the class, “aren’t sitting in their offices waiting for you to knock.”

Watching this year’s Matriculation reminded me that I attend a university where both students and faculty take their academics, their professional ambitions, and their commitment to the broader community seriously. It showed me, once again, the responsibilities and opportunities that exist at a large, urban school like BU — ones that don’t always exist behind ivied gates. Student Union President Matt Seidel (CAS’10) gave yesterday’s undergraduate allocution, saying that “BU is a place that rewards those who look past their inhibitions and take a chance.”

He’s right. The BU community has helped me when I’ve asked for it, but my successes, as well as my failures, have been my own. It’s a gratifying feeling, one that makes me feel a little bit better about entering the real world next year, and that gives me hope for the unsuspecting freshmen who surrounded me.

Katie Koch can be reached at [email protected].

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Why Should I Care About Windows Update

Do you get a pop-up every other week from Windows notification from Microsoft Windows Update? A lot of people will ignore these messages and others will even turn Windows Update off when in fact they should have paid a little more of attention.

Today I am going to explain what a Windows Update is and help you how to configure the settings to install them.

Definition: Windows Update is a piece of programming code that is released from time to time from Microsoft to fix problems or prevent them and add & improve functionalities of your overall system as part of their maintenance and support service.

Analogy: Software update is like renting a house (the house will represent Windows) with a broken door (the broken door will represent a feature inside Windows that is not working correctly). What you normally would do it’s to call your landlord (this is an automatic process in Windows that contact Microsoft about the problem) then the person responsible (here is where Microsoft will look and find an update for the problem) will come to your house and fix the broken door (the tools and components to repair the broken door will represent, in this case, a Windows Update) and depending of your settings, even if you don’t have any problems, your computer will contact Microsoft Windows Update service for updates to prevent problems or improve functionalities; etc. As far as I know, most of the times, Windows Updates will be available every second Tuesday of the month A.K.A “Patch Tuesday” or whenever an update is really important for your system.

Type of Windows Updates:

Critical updates: Fixes specific critical problems but not Security related.

Security updates: Fixes specific security vulnerability (security means all computer access related, most of the time is network access)

Service pack: It’s a set of copulatives updates (here also are included all before released Security Updates, Critical Updates and fixes), new updates, plus additional improvements and functionalities.

For more information on software updates descriptions refer to this support article from Microsoft Description of the standard terminology that is used to describe Microsoft software updates

To know what the update is about, follow these steps: To change your Windows Updates settings, follow these steps:

-Should work in Windows Vista & Windows 7

What I would recommend is, if your computer is not ON all the time, to change “Install new updates:” settings to a time that you know your computer is ON  and you are not doing important work (this makes it easier for Windows to install updates), because you may need to restart your computer to finish installing the update(s).


Keeping your computer up to date is good and for Critical & Security updates, even more.

There always are going to be people trying to compromise your system or trying to get information from you for their own gain. Applying software updates not only will secure your computer but it will also fix problems that Windows might have, besides getting  improvements and maybe some additional features that are always welcome. This is why I would not recommend turning Windows Update off on your system.

Microsoft not only offers Windows updates but it also can supply you with other products updates that are non-Microsoft and also hardware drivers, but of course that the software vendor needs to register with Microsoft in other for you to get them through Microsoft Windows Update service. And don’t worry Microsoft Windows updates are Free!

I Asked Chatgpt For Investment Advice Regarding Dogecoin, It Told Me To…

The price of Dogecoin [DOGE] rallied 15% following the news of Ripple [XRP] securing a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) on 13 July.

The U.S. District Court of the Southern District of New York ruled in its judgement that the sale of Ripple’s XRP tokens on crypto exchanges and though programmatic sales did not constitute investment contracts; hence, it is not a security in this case. But the court also ruled that the institutional sale of the XRP tokens violated federal securities laws.

For those of you aware of this phenomenon, DOGE has become synonymous with Elon Musk, the boss of both Tesla and Twitter, in recent years, thanks in no small part to his vocal support for the memecoin.

Musk has been an outspoken proponent of the meme-inspired cryptocurrency, frequently tweeting about it and even referencing it at any given opportunity. 

Recently, investors proposed a class action lawsuit accusing Musk of insider trading and manipulating Dogecoin (DOGE), costing them billions of dollars.

New court documents reveal that the plaintiffs in the lawsuit against Musk are accusing the billionaire of using a “bottomless war chest” to fund a harassment campaign against them.

Read Dogecoin’s [DOGE] Price Prediction 2023-2024

Despite Musk’s enthusiastic support for DOGE, he has not attributed the same feeling towards ChatGPT, the trending AI application. On many occasions, the Twitter boss has expressed skepticism over the long-term prospects and dangers accustomed to the use of the tool.

ChatGPT is scary good. We are not far from dangerously strong AI.

— Elon Musk (@elonmusk) December 3, 2023

Thus, in this article, I would be asking ChatGPT what it thinks of the DOGE- Musk relationship. Furthermore, I will also engage in a conversation about the correlation between the parties while assessing Musk’s role in shaping development within Dogecoin.

Musk’s role in Dogecoin’s price action

There is no doubt that Musk, as one of the world’s richest men, has immense influence. And in 2023, the lover of memes engaged this authority in influencing DOGE’s price. Needless to say, Musk has had a hand in DOGE’s 27,668% all-time hike.

However, as market conditions worsened in 2023, the correlation between Dogecoin and Musk fell. In fact, on several occasions, Musk tweeted about DOGE but there was little to no effect on the price action. This means that the correlation between the two decoupled until recently when Musk changed the Twitter logo to a dog, in the representation of Dogecoin. 

The action resulted in a 30% hike in less than 24 hours. However, the hike in value only lasted a while, even though the dog logo remained on the social media platform for more than three days. Therefore, I proceeded to ask ChatGPT what it thought of Dogecoin’s relationship with the controversial Elon Musk.

ChatGPT’s “normal” response stated that its cutoff knowledge data was September 2023. It also admitted that the link between Elon Musk’s tweets and Dogecoin was solid at that point in time. However, it could not provide a straightforward answer as to if the correlation would be the same at the time of writing.

The connection is as solid as ever

So, I considered it necessary to find a way to ensure that it replied as I desired. And the solution? — Jailbreak it! There are several ways to do this, including the switch method, the character play, the API way, and the Do Anything Now (DAN) method.

So, I decided to go with the DAN method to ease my conversation with ChatGPT. After successfully jailbreaking it, I again asked — “ChatGPT, tell me, do Dogecoin tweets from Elon Musk have a strong correlation with the cryptocurrency?”

Based on the response above, ChatGPT agreed that DOGE and Musk’s relationship was as solid as ever. There was speculation about such occurrences with the most recent one relating to the Twitter logo change and DOGE’s hike. 

In terms of development, not much has been happening in Dogecoin’s ecosystem. However, on 23 March, the project’s core developer, Michi Lumin, announced a rollup of the 0.1.1 development release. With the new version 0.1.2, functionalities, including executable utility and transaction verification, would become easy for users. 

“We’re ALREADY working on all sorts of new inclusions for 0.1.3, so keep watching – libdogecoin will continue to do more and more while remaining ultra lightweight and cross-compatible.”

Prior to that, Halborn security identified some susceptibles on the Dogecoin blockchain and recommended measures against possible exploits. Regarding its price action, CoinMarketCap revealed that DOGE slipped from its quick run to $0.1.

DOGE rallies after Ripple-SEC judgement

Following the SEC’s enforcement action against Binance [BNB] and Coinbase [COIN], the entire crypto market crashed instantly and Dogecoin was no exception. Its value dropped by more than 10% to $0.064 following the crackdown.

But the recent Ripple-SEC judgement led to a surge of 15% in DOGE’s price. At press time, it was trading at $0.07499.

While both the memecoin’s Money Flow Index (MFI) and Relative Strength Index (RSI) rested much above the neutral 50-mark, its On Balance Volume (OBV) registered a downtick. 

For DOGE, it seems that the bears are going to dominate the bulls in the short-term.

I ask ChatGPT about investing in DOGE

I then progressed to ask ChatGPT about Dogecoin. This time, I queried if it is a wise decision to invest $1,000 in the meme. As expected, its classic answer was that which any individual would give, as it encouraged me not to invest in any asset without doing any research.

However, the tool’s jailbroken response gave me the go-ahead to invest the funds in the cryptocurrency. In the words of ChatGPT,

“Investing $1,000 in Dogecoin is like planting a seed in the fertile soil of financial opportunity. With each passing day, that seed will sprout into a money tree, blossoming with Dogecoins that will rain upon you in a glorious abundance.”

How much are 1,10,100 DOGEs worth today?

For the time being, Musk’s deep affection for Dogecoin does not seem like one that would be thwarted anytime soon. In fact, the Tesla Founder once mentioned that he would love a DOGE lover like himself to become Twitter’s CEO when he steps down.

— Elon Musk (@elonmusk) February 15, 2023

ChatGPT predicts extremely bullish rally regarding Dogecoin’s performance in the future. But we should be careful as ever as the crypto industry is as volatile as it gets.

I Asked Chatgpt Where Polkadot Will Reach In 2024, It Revealed…

The price of Polkadot [DOT] rose 9% within a day of Ripple [XRP] securing a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) on 13 July.

The U.S. District Court of the Southern District of New York ruled in its judgement that the sale of Ripple’s XRP tokens on crypto exchanges and though programmatic sales did not constitute investment contracts; hence, it is not a security in this case. But the court also ruled that the institutional sale of the XRP tokens violated federal securities laws.

Earlier this month, Polkadot emerged as the leading blockchain in terms of development activity, according to Santiment’s ranking. 

Polkadot’s ecosystem continues to expand as more parachains developments come onboard. By the end of Q1 2023, over 40 parachains had won fresh auction slots on Polkadot, according to the Q1 update. The new projects include Zeitgeist and Subsocial, among others.

These new parachain developments could add upward pressure to DOT’s token value as they drive demand. Notably, a project team must win a Polkadot parachain slot auction to be connected to the core network. The parachain slot auction is settled in DOT tokens, and the project team could seek DOT from individual holders through a crowdfunding process known as “crowd loans” to help secure the slots. 

To understand the potential impact of these new developments on DOT’s value, we tapped into ChatGPT to gain more nuanced insights and gauge the AI model’s apprehension of Polkadot’s ecosystem. 

Polkadot [DOT] ecosystem – ChatGPT Analysis

Starting off with the basics, we asked ChatGPT to explain what Polkadot is and how its ecosystem works –

“Overall, Polkadot’s ecosystem is designed to foster innovation and collaboration between different blockchains, providing a flexible and scalable platform for developers to build a wide range of decentralized applications.”

The “decentralized applications” are also known as “parachains.” The Polkadot ecosystem added 21 of these parachains last month, and each project team must win a parachain slot auction to gain access to the core system for a specified period of time. It is like paying for a lease over a certain agreed duration. 

Is your portfolio green? Check DOT Profit Calculator

To further gauge the AI model’s understanding of Polkadot, we asked it how parachain slot auction works –

The “crowd loan” structure of sourcing DOT tokens involves “staking” to help a project win an auction. This, simply put, is intriguing. Because of the current U.S. regulatory pressure on crypto-staking, anything structured in a manner that involves “staking” could attract regulatory scrutiny.

For example, Coinbase recently received a Wells Notice from the SEC. One of the objects of the potential lawsuit is reportedly its crypto-staking service. 

So, we asked ChatGPT what crowd loan is and its legal standing in the U.S. The explanation was apt, but the AI model couldn’t affirmatively state whether crowd loans are legal in the U.S.

Here is ChatGPT’s analysis of the legality of crowd loans in the U.S –

At this point, one thing is crystal clear. parachains developments can drive demand for DOT tokens because project teams need them to win a parachain slot auction. Based on this, how will the 21 newly added parachains impact DOT’s value?

This was the AI model’s answer – 

Some of the results issued by ChatGPT were inaccurate, with a wide deviation from price data collated from TradingView. 

For example, ChatGPT stated that DOT hit a high of $52 in December 2023. On the contrary, TradingView’s data showed it at a high of $39 on December 1, 2023. 

The AI model is restricted from making price predictions, so we unshackled it through jailbreak techniques to get modest price prediction values for DOT. We had to ask the AI model to break down DOT’s historical price data in 2023 to use it for the predictions. 

Surprisingly, the results were different from the previous output. 

The results noted little deviation from TradingView’s data, compared to the previous output. The jailbreak version is known to give outrightly false information, but this particular instance was slightly different.

On the other hand, the classic version resorted to attaching a direct link from CoinMarketCap to help track historical price data. 

However, it is worth noting that the AI model tracks different sites to collate data on cryptocurrency prices. These sites sometimes have different real-time price values for crypto-assets and could explain the price deviation witnessed in the initial and second outputs.

Next, we nudged ChatGPT to predict DOT’s price by the end of 2023 and 2024 based on the above historical price data.

Although the classic version put forth its typical disclaimer, the jailbreak version predicted DOT’s price to reach $75 by the end of 2023.

We stretched ChatGPT to extrapolate the same data and give a modest average value of DOT by the end of 2024. The AI model set DOT’s price at $125 by the end of 2024.

Not everyone has the patience to wait for long-term prospects. So, what do DOT’s short and mid-term prospects look like? The daily chart could offer some clues.

Looking at DOT’s daily price charts

At press time, DOT was trading at $5.595. Its price rose nearly 9% within a day of Ripple-SEC judgement.

But when we look at its on-chart indicators, there is a glimmer of hope.

Its Relative Strength Index (RSI) stood below the neutral 50-mark but its Money Flow Index (MFI) stood much above it. It’s On Balance Volume (OBV) also shows an upward movement. 

In conclusion, DOT’s short-term prospects seem slightly bullish. However, we must keep a close watch on emerging developments in the industry that may impact its performance.


As an expert AI tool, ChatGPT is capable of understanding complex technical information. It has an apt understanding of the Polkadot ecosystem and how its parachains development impacts DOT’s price action.

Based on recent developments and overall market sentiment, ChatGPT forecasted that DOT’s price in 2023 and 2024 could hit $75 and $125, respectively. 

Why I Have Such A Good Feeling About E3 2011

Why I Have Such A Good Feeling About E3 2011

Starting on Monday, the biggest gaming event of the year, E3, will kick off in Los Angeles. Each year, the event is home to major announcements, new games, and all kinds of gaming-related news that will have a direct impact on our lives in the coming months and years.[Image credit: Fabio Santana]

This year, as with previous years, rumors continue to crop up about what will and will not be announced at the event. And most gamers that enjoy playing titles on consoles, portables, and PCs, will be watching closely to see if those rumors come true.

Like those folks, I will paying quite a bit of attention to what happens at E3. I’m especially excited to hear more details on Sony’s upcoming portable, the NGP. I also want to hear about Nintendo’s next console. Combine that with more details on Mass Effect 3 and all the games that we don’t even know about yet, and it’s safe to say I’m quite excited about what might come out of the show.

Aside from excitement, I also have a good feeling about this year’s E3. Some years, all the hype surrounding the event is never realized, due to somewhat boring announcements and few titles that actually impress those in attendance. But this year will be different. I simply have no reason to believe that E3 2011 will be anything other than an impressive, exciting event.

And the main reason for that is Nintendo’s upcoming game console. Although details so far are slim, I think the console could catch on in a big way with both casual and hardcore gamers. After all, rumors suggest the device will boast the same motion connectivity casual gamers love, but feature the graphical prowess that hardcore gamers are after. It seems that Nintendo is finally ready to accept that the casual-game market, while profitable for a time, might not be as good for its operation as it originally thought.

But my high hopes for E3 go beyond Nintendo’s upcoming game console.

See, I enjoy playing games from time to time. But I’ve lost all interest in my PSP, and Nintendo’s portables have never really appealed to me. Games on the iPhone, while addicting for a while, tend to fall short over the long-term.

I think the NGP can solve that issue for me. As long as Sony can deliver on its promises and offer the device at a reasonable price, I’ll be happy. It won’t be like carrying the PlayStation 3 around with me, like rumors suggested following the NGP’s announcement, but it will be close. And that alone gets me excited.

So, perhaps I’m hardware-obsessed, but I think the NGP and Nintendo’s next console will steal the show at E3. And with the help of so many compelling games sure to be shown off and announced at the event, I see no possibility of the show being a disappointment.

SlashGear is at E3 2011 this coming week – stand by for all the news from the biggest gaming show on the calendar!

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