Ripple Inc. selling XRP which have cost next to nothing to produce, that is a rip-off (scam).
Almost 80% of all Bitcoins have been mined and available to trade freely. Anyone can mine this revolutionary blockchain tech and get coins.
Ripple's Distributed Ledger Database XRP token is entirely sold by a centralized company.
Of the ~38% circulating supply, most of the free gifted xrp given to banks and partners are locked by contractual agreement.
No Bank will ever buy XRP's, only sell the free gifted xrp.
The only purpose of XRP is to transfer money out of XRP 'investors' pocked and into Ripple investors pocked.On a technical side, XRP is presumably the only Token/Coin with the genesis block not being 0, genesis ledger is Number 32570. It
proves it is not a decentralized blockchain.
You can not 'loose' part of a decentralized blockchain.This is what happens when central database servers running out of disk space
Ledger 0 to 32569 lost for ever and Genesis at 32570by contrast proper revolutionary new world changing blockchain technology
Genesis at 0 - The fact is that xrp genesis ledger is Number 32570 and not Number 0 and consequently can not possible be a decentralized blockchain as it would be impossible to loose part of a chain. Loosing part of the data is possible on a ordinary centralized databases.
It is claimed that all this happened will the Database was still company intern only, no actually securities lost. Why data got overwritten, incompetent dev. lack of funding, carelessness...? Begs the question would an intelligent dev. not have started a new Database and not move ahead with a faulty one.
- Fakt is over 50% of circulating supply got released on August 2014 at a key stroke and price or volume did not move.
- Fact is that the circulating supply has decreased from time to time (laughable).
- Fact is the company gifts XRP's to strategic partners, friends or bribe sites like coinmarketcap to list the database amongst crypto-currencies
- Fact is 95% of coins are not freely available to trade.
- Fact is a handful of entities hold 33 Billion out of 38 Billion circulation but not free available tokens
- Fact, Ripple Inc has contingency plan to become a software company if xrp fails
- Fact is Marketcap is wrong, the real Marketcap is less than 1 Billion
- Fact, Banks dont need xrp and create there one DLT based database token. (Project Ubin)
- Fact, it is 100% centralized as one company and one company only controls the XRP sales
- Fact, it is not a coin
- Fact, contractual agreements only affect Ripple and have nothing to do with xrp.
- Fact, from Ripples technical operations a single xrp works as well as 100 000 000 000 xrp
- Fact, 'Hodor7777' the Ripple investor continually fleeces xrp investors by convincing them their money is better stored in his pocket
- Fact, Distributed Ledger Technology is a type of database that is spread across multiple sites, countries or institutions
- Fact, it has been hacked in the past
- Fact, Dev was gifted 1 Billion XRP Tokens (what makes him so special, the proven fact of incompetence) plus he obviously receive regular wages
- Fact, the criminals have been previously been fined (you cant fine a blockchain)
- Fact, XRP carries to much heavy overheads in form of Ripple Manager bonuses at the expense of xrp security (how much was spent on xrp security last financial year?)
- Fact, Ripple Inc. investors live i expensive New York areas, XRP investors in the slums paying for the Ripple Manager bonuses
- Fact, Full Name* the Ripple Inc advisor is a proven fraud
- What does happen to XRP price when Ripple Inc faces hostile takeover?
- When Bitcoins blockchain tech succeeds (and it will) Dinosaur banks will become extinct and with it Ripple Inc.
The whole idea of Bitcoin to be your own Bank, private or corporate entity
Full Name* = „Karl-Theodor Maria Nikolaus Johann Jacob Philipp Franz Buhl-Freiherr von und zu Guttenberg“
Only with a central database can the circulating supply become less, on revolutionary blockchain tech this is not possible (unless you publicly 'burn' a few million token)
Clear case of market manipulation Marketcap = Price * Circulation Supply (Wrong anyway as not all free available)
What will happen when the other 90% become freely available?