Topic: Why should the Ripple founder hold so much coins? (Read 2077 times)

No insults. Everybody is entitled to their own opinion. Only future will tell who is right and who is wrong.

Where do i start with your stupidity ?

First off lets point out how mined coins are earned.
You do something and in exchange get coins.

ICO coins, AKA 100% premined coins are given to each other for free.
For nothing.
Which is why they are popular.
You all skip the "doing work" part of it.

Why would you give away coins to PoW miners ?
Because they are completing a required task.. do i have to explain what that is too ?

Further more your DAPPS bullshit is a scam.
So YOU are a scam pusher.

This is the new style. 100% premined meta-coins such as SJCX, AMP, MAID, etc. Why would you give away coins to PoW miners... that's silly. PoW is silly for any coin other than bitcoin and is probably silly for bitcoin. 100% pure profits for devs. Then pay out small amounts of coins to PoS miners & content delivery network nodes once your system is ready. Free dapp hosting! Simply pay the nodes with the coins you made for free.

https://www.xrpchat.com/topic/2111-xrp-distributed-vs-btc-distributed/


https://charts.ripple.com/#/trade-volume


http://www.rippleworks.org/ (CL 7b donation) / "Jed will donate 2 billion XRP to a charitable donor-advised fund ("DAF") of his choice" / http://www.coindesk.com/ripple-creator-500000-xrp-donation-ai-research-charity

20b (initial founder allocation) - 7b (CL donation) - 2b (Jed donation) - previous Jed's donations - weekly Jed's sell = less than 10b (<10% of total supply)


Jed sold mtgox to Karpeles, Jed left Ripple in 2013.




Anyway I'm ready for insults..

Because it's a premised scam. Easy money instant millionaire for the creator(s).

Don't forget that one of the founders of Ripple was the owner of Mt. Gox who stole millions and was ripped apart.

Their 7b 'donation' was an attempt to cover up the fact that they were manipulating markets and other extremely shady actions.

Because as creators they decide to do so.
As God decide that sun will be yellow and grass green.

Ripple have more than 100 employee and the company is evaluated to ~ $100M : https://www.crunchbase.com/organization/ripple-labs

It may be a shitcoin for individuals but has value for banks and investors.

Don't know exactly what Ripple's situation is, or why anyone holds more or less of it, but it struck me that this is exactly the situation these shitcoin developers want to be in.  This is the reason why all those coins keep getting pumped out of nowhere--the developers want to get rich! 

If you could state in plain English why Ripple has an advantage/disadvantage when compared with , I'd be happy to hear it.  They're all mostly garbage.  Devs want to enrich themselves, that's all.

Ripple was not designed to be a public altcoin, they use it for financial institutions and blockchain projects, that altcoin is backed by many banks (same banks that close Bitcoin traders accounts).

Expert with a defense retort on a scam coin is new here ? ya wow LOL  
..never seen that before.

I never seen any other forum / scene in history where every two bit noob account ALREADY has a full historical list of all the POSITIVE things that are suppose to be on a coin that is years old.

I say prove it too.. and lets see how much the head guys and all their titles were paid way back.
Which one is the CTFO of Githubbery ?
Oh wait.. was Ripple launched fully open source ?

Where is the transparency manifest ?
I guess if there was one you would have posted it huh noob ?

Reality check.. the scumbags created a coin then use it to print money for themselves.
"Donated" ? Hmmm so how much did they pay Cryptsy for paid votes to stay on the top of the list for the entire duration of Cryptsy's existence (until it was added)
We already know other devs were paying into that scheme to get their coins added so it must have been a nice pile of BTC to keep shoveling in there to out vote everyone all that time.
THERE is your fucking "Donations"  

Any scam coin can be brought back later.. just wait for a new crop of scammy dickheads to show up here..
even more scammier than that last generation.

Hell look at Ethereum..
99% of these noobs had no idea it even came out in 2014 via a scammy ass ICO.
One of the first batches of these scam machines..
No one cared about until they seen it pumped in 2016 and THEN and only then did they start wacking off to the "DAPPS"
..which you all USE everyday of course right ?

Ripple has simply been trying to pull the same exact shit.. often with the same tactics.
Blah blah blaaah Big Banks etc etc

I would literally go outside and light my cash on fire before i ever bought Ripple scam coins with my real hard earned cash money fiat $$$

I would sooner wipe my ass with a cheesegrater for now on..

I would sooner pour gasoline on myself and lit on fire.

I would sooner rent my ass out to gay sex-farmers in Thailand  

But hey, good luck with your retarded shitcoin.. you can already smell the Lambo's i bet huh ?

PS:
Almost forgot..
If the US dollar is worth 1 trillion bucks and you have 10% premined for yourself then how much free money do you get ?

ONLY 10% ? hahhahahah ..funny even if that was truly that low

Do we know which foundation and charity they donated to?

Wow I didn't know that at all, especially on the order it looked as if they brought in so many big banks into play

Well, technically founders now hold less than 10%.

CL donated 7B to foundation.
Jed donated 2B+ to charities.
Jed sells every week.

Because i was here when it launched ..i seen the shady scammy shenanigans.
And i seen how it was designed to function.

Premined coin ledger system that was deemed a scam unanimously by the whole forum for 2 years.
Only now after this place was over-run by noobs like you has this shitcoin been given a chance.

You scammy noobs don't realize that this scene use to have credibility long ago.
Garbage like Ripple was swiftly laughed off the forum.
Why the fuck do you all think no on cared about it for 2 years...... just like Ethereum.

And if one more of you broken English noob accounts show up saying "Exchanger" i am gonna lose it  

I ams to havinhg profits ad coin is much legitd do dev's wrokingkz and i has big faiths !@
That is what half of you sound like here defending all this cum stain faggotry shit coin bullshit.

Hey kidiot profiteers noobs.. need i remind you of their scammy giveaway topic ?

Scam ? Why ?
No...
The question is WHY do you have to be re-told infinitely over & over WHY.

You know it amaze me how you will all pick up on 1 small detail about a coin and then get car crash amnesia down syndrome when your told something is scammy.

Hey retards.. rather than me having to post a BOOK writing out WHY over & over..
Do your fucking homework and research the scammy shit "coins" you are "investing" in.
How fucking hard is it to put in Google "Scam Ripple" ?
If you can't do that you are an inept super-tard.. who deserves to get burned.
And that goes for any coin or service.

The only reason you assholes ever START to defend any coin.. is because you just bought some at Poloniex.
You guys do not say one fucking word defending them until to your wallet is flush with scam coin "tokens"
What does that tell us ?

Blatant scammy bullshit is blatant.

Enjoy your agenda.. no one else will.

PS:
There is a reason that Ripple sat on Cryptsy's coin-addition paid voting poll for over a year .. and NOT added.
They did not want to add that scammy shit coin !

And WHY ?

Ripple was the first ICO scam.
Which spawned thousands more..

Spoetnik Ledger Coin ..coming soon.
Line up and gimme all your money stupid assholes.
Blah bah blah Big Banks.. Big Bank Of Nigeria coming soon retards.
Seriously pricks.. line up in an orderly fashion and rain your BTC all over me.
Pay me.. i made coin #3,965 so i want millions of dollars and i want it now pricks.. chop chop.. get on it !

why you say ripple is scam coin, what your reason about it
i think ripple is good coin, have much team dev in there
and only one coin ripple xrp can direct withdraw to fiat money without exchanger

Ripple is THE original scam coin.. it started it all !

Ripple is premined and they took a huge chuck of the premined coins.  This is a flaw of Ripple.

Both Satoshi and the founders of Ethreum hold less than 10% or less of the coins. Upon ICO, why should Ripple founders hold so much and why even so it is rising fast?