Scam Lab's (XRP) is getting sued for $19 Billion

Murloc

full member

Activity: 322

Merit: 103

Quote from: gensol on January 04, 2018, 03:34:42 PM

Quote from: Murloc on January 04, 2018, 03:13:16 PM

The whole story around Ripple and R3 is a bit unclear but it seems like some month ago when XRP got a decent price R3 decided to get coins for $0.0085. It is unclear why do they need this coins. According their contract they can buy up to 5 bln coins. If R3 doesn't have any specific usage for it then I see a high chance of dumping those coins together with the XRP value. The beaviour of Ripple devs seems reasonable.

Thanks for this information. Correct me if I'm wrong please. If they decide to dump that means a significant drop in the price of XRP right?

Yep. If you drop 5 billion (especially right now when Ripple is correcting after a good growth) imho it will obviously drop the price and can make a lot of dirty rumours. I see no reason for R3 to hold those coins untill they are needed for the development of some product (Ripple devs claimed that R3 haven't done everything good) so in case of a payout bump is more than real.

cryptomema

member

Activity: 224

Merit: 12

Will big correction will take place?I hope xrp will dump now to rekt those who bite the bait of this centralized coin.

gensol

jr. member

Activity: 714

Merit: 3

Quote from: Murloc on January 04, 2018, 03:13:16 PM

The whole story around Ripple and R3 is a bit unclear but it seems like some month ago when XRP got a decent price R3 decided to get coins for $0.0085. It is unclear why do they need this coins. According their contract they can buy up to 5 bln coins. If R3 doesn't have any specific usage for it then I see a high chance of dumping those coins together with the XRP value. The beaviour of Ripple devs seems reasonable.

Thanks for this information. Correct me if I'm wrong please. If they decide to dump that means a significant drop in the price of XRP right?

Murloc

full member

Activity: 322

Merit: 103

The whole story around Ripple and R3 is a bit unclear but it seems like some month ago when XRP got a decent price R3 decided to get coins for $0.0085. It is unclear why do they need this coins. According their contract they can buy up to 5 bln coins. If R3 doesn't have any specific usage for it then I see a high chance of dumping those coins together with the XRP value. The beaviour of Ripple devs seems reasonable.

cryptomema

member

Activity: 224

Merit: 12

Quote from: tk808 on January 04, 2018, 02:55:39 PM

More to come, this is just the tip of the iceberg, you will see

Where is it ?i am interested too on how the bankers created this coin to destory BTC.

edited : Thanks for the links!

tk808

legendary

Activity: 1512

Merit: 1124

Invest in your knowledge

In Sep: https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I
Today: https://www.ccn.com/r3s-suit-against-ripple-is-now-worth-19-billion/

More to come, this is just the tip of the iceberg, you will see

Topic: Scam Lab's (XRP) is getting sued for $19 Billion (Read 177 times)