XRP ( RIPPLE ) Discussion - All about XRP
What do you think guys about RIPPLE, are they good for long term investment?
And about XRP(BTC) to BTC, how fast and where I can exchange XRP to BTC instantly?
BTC are distributed by math. XRP are distributed by 3 guys at their whim. XRP could still be a good long term investment, but I wouldn't bet on it.
https://bitcointalk.org/index.php?topic=873723.msg9661686#msg9661686In your post you state that 90% of XRP are controlled by 3 guys; this is inaccurate. A majority of XRP (69%) is
held by Ripple Labs.
While I'm not familiar with the corporate structure, I have no reason to believe that as CEO, Chris Larsen is not firmly in control of Ripple Labs and that any and all decisions about how to distribute the 69% XRP mentioned go through him.
When you add that to the XRP controlled by Larsen, Britto and Caleb personally you get around 90%. While they have committed to restricting the quantities that they can sell and in theory Larsen has committed to giving his away to charity, I remain quite skeptical that these agreements are locked in stone. I stand behind my statement - 3 people control 90% of XRP and you have to trust them. The same cannot be said for BTC where satoshi possibly controls as much as 7% today (1m out of 13.7m) 4.7% long term (1m out of 21m).