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REPORT ABUSIVE 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 Exactly 100Billion xrp tokens were created. 43.6B in circulation, the rest approx 56B are in escrow or held by institutions (thus not counted towards marketcap). No XRP token has been created since the initial offering. A tiny fraction of XRP is burned after each ledger transaction (.00003), it is deflationary. Not rare like BTC, but btc has no open source ledger, and has a dubious beginning, meaning many btc are lost or held by the "original" creators. BTC could never be a unit of account and thus it is laughable to believe that it would be a global reserve CURRENCY (emphasis added). Could more XRP be made by a vote from validator nodes? Yes, 80% agreement to do that. Same with a token burn. And Ripple owns >10% of nodes on the network. These options maybe considered as XRPS importance and use case in the upcoming QFS is "determined." This is the real deal, anything else is pure BS. Peace.
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