The 1-O-1 of crypto is:- Person to Person interaction
- Decentralization
- Blockchain technology
- Financial Freedom
Person to Person
Peer - Peer dealings without the unnecessary dangerous money garbing middleman.
Decentralization:
One company sells all xrp and
3/4 of all XRP held by 4 Entities
Ripple Inc holds 61.3 billion XRP,
Chris Larsen holds 6.7 billion XRP as well as a 17% stake in the company (17% = 10.4 B XRP, total personal 17.1 Billion XRP)
CEO Brad Garlinghouse, who owns a 6.3% stake (3.8 Billion XRP) in the company and owns additional XRP tokens
Jeb McCaleb has 5.3 billion XRP (used to be 9 Billion XRP)
Chris' foundation has 7 Billion
Arthur 3 Billion
David Schwartz, Dev was gifted 1 Billion XRP Tokens for being incompetent and loose part of the Database (Ledger 0 - 32569, its worthy a Billion bonus)
How many Billions Karl-Theodor Maria Nikolaus Johann Jacob Philipp Franz Buhl-Freiherr von und zu Guttenberg owns is unknown.
Blockchain technology:
Blockchains to not lose data, Ripples distributed legder database has lost ledger entries 0 - 32569 for ever
Blockchains circulating supply cannot be lower, xrp from time to time had lower supply than previous highs
Blockchains have no in-build kill switch, Ripples xrp does "The freeze protocol extension gives gateways the ability to…freeze funds issued to a particular user. Frozen funds may only be sent back to the gateway who issued them. The global freeze feature allows a gateway to freeze all balances issued by it."
Financial Freedom:
Being in charge of your own finances and not depend on 3rd parties like banks or Ripple Inc to lock your account whenever they see fit. Blockchain tech you can not just lock, individual entries or the whole distributed ledger database which ripple operates.
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Hard core Facts:- Fact, Genesis date is 2013-Jan-01 03:21:10 What in a drunken new years celebration the tech guy decided to create xrp?
- Fact is xrp genesis ledger is Number 32570 (The beginning of the database is lost for ever)
- Fakt is over 50% of circulating supply at the time got released on August 2014 at a key stroke and price or volume did not move.
- Fact is you will never own XRP it will always belong to Ripple Inc. Just like a Casino token, chip, jeton always belongs to the casino you my take it home.....but its not your. (If you have Bitcoin private key its yours.)
- Fact, XRP is centralized digital money
- Fact Ripple Inc. can freeze anyone's funds and have done so with Jeb Mcaleb
- Fact Ripple Inc. can reverse funds
- Fact is that the circulating supply has decreased from time to time (laughable).
- Fact, bribery is rampant at Ripple Inc as the company gifts XRP's to partners, friends, banks....
- Fact, Ripple Inc has contingency plan to become a software company if xrp fails
- Fact is xrp Marketcap is wrong
- Fact decentralized coins don't have CEO, ................
- Fact, Banks dont need or use XRP
- Fact, it is not a coin
- Fact, contractual agreements only affect Ripple Inc 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, it has been hacked in the past
- Fact, the criminals have been previously been fined (you cant fine a blockchain)
- Fact, XRP carries heavy overheads form Ripple Manager and Investors
- Fact Ripple employs pays shills operatives.
- Fact, Ripple Inc. uses a known criminal as advisor („Karl-Theodor Maria Nikolaus Johann Jacob Philipp Franz Buhl-Freiherr von und zu Guttenberg“)
- To have ripple account you must have at least x number XRP for it to be functioning. This is akin to tax required in the nation's fiat currency to artificially create use cases for that currency.
- Fact, a single company is selling all XRP, decentralization is a joke
Ripple = a drink for alcoholics and the destitute.
https://vignette.wikia.nocookie.net/sanfordandson/images/3/3c/Ripple_bottle.jpg/revision/latest?cb=20130519085943=====================================================================================
The emission/release/new supply aspectFiat like about ~2% annually, price is heavy manipulated by increase/decrease xrp supply.
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The sponsoring of the needy Jeb McCaleb still has 5.3 billion XRP and is allowed to sell by court order $10000 worth of XRP per week. A nice weekly paycheck by any standard.
So this week he is selling can sell (10000 / $0.80) = 12500 XRP
5.3 billion / 12 500 = 424000 weeks. So it will take him 8131 Years to dump all his XRP at this weeks price.
Just for the entertainment, if price is $5 he can sell 2000 XRP a week
5.3 Billion / 2000 = two million six hundred fifty thousand weeks or 50821.91 Years of dumping by Jeb McCaleb and his grand,grand,grand,grand,grand...grand children.
Will reckless XRP gamblers grand,grand,grand,grand,grand...grand kids still send the weekly paychecks to Jebs family tree?
Luckely Chris Larsen holding 17.1 Billion XRP, 6.7 billion XRP as well as a 17% stake (10.4 B xrp) in the company
and Brad Garlinghouse, who owns a 6.3% stake (3.8 Billion XRP) in the company and owns additional XRP tokens have no court restrictions and can dump much faster. They should be done with dumping within 5000 years
Chris' foundation has has 7 Billion and
Arthur 3 Billion
David Schwartz, Dev was gifted 1 Billion XRP Tokens for being incompetent and loose part of the Database (Ledger 0 - 32569, its worthy a 1B bonus)
How many Billions Karl-Theodor Maria Nikolaus Johann Jacob Philipp Franz Buhl-Freiherr von und zu Guttenberg has is unknown.
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The priceThe artificial price backed by absolutely nothing, reminiscent to the diamond scam.
Most buy XRP in hope to find a bigger fool to dump on hard if price gets pumped.
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The enormous over-evaluationAs of March 23 2018 there are:
4,063,575 unreleased/unsold Bitcoins. With a price of $8966 it costs $ 36,434,013,450 to buy all remaining.
60,898,498,211 unreleased/unsold Ripple XRP. With a price of $0.66 it costs $ 40,193,008,819 to buy all remaining.
Additionally to the unreleased xrp come the Billions of "circulating" but unsold xrp like Jebs stash or others.
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The truth about ripple https://cryptoyoda1338.wordpress.com/2018/01/04/the-truth-about-ripple/Freedom loving world does not need this enslavement tool.
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What it really is Fraud, Scam, Sham, Shenanigans, Horseplay, Monkey business, Trickery.....
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Only a matter of time before the whole shenanigans ends.
A good laugh is the negative numbers in the database supply history.
So in 2018 on average it inflated by 5 630 072 xrp daily and in in the entire history 8 million where spent (destroyed).
Almost as much was given away in Bribes as sold,
clear as day marketcap is wrong.
