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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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The XRP Investor Thread
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Poster Handle
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Anonymous Coward |
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Post Content
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XRP is a shill token created and circulated by Ripple Labs Inc.
They alone control the ledger, maintain over 100 billion tokens in circulation at any moment, and generate an additional 1 billion tokens each month. And it costs them nothing to generate more; they just type in the number.
It is completely centralized and not a true crypto-coin by any proper definition.
Disclaimer: Of course I own some. I also own Federal Reserve Notes. But that doesn’t make either any good.
Quoting: REaliZe XRP was created before Ripple So you are wrong on that. They only control a small amount of the validating nodes. Something like 6% So your wrong on that too. Maxi's always claim its centralized but its not because anyone can setup and become a trusted node. Its not a PoW or PoS coin its based on a Consensus Ledger to solve the double spend problem. You should sell your XRP if you hate it so much. Its going down.
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