Quote from: TaunSew on June 19, 2015, 04:29:07 AM

Quote from: billotronic on June 19, 2015, 01:51:52 AM

Quote from: canth on June 18, 2015, 07:02:21 PM

Quote from: jimmybuffet on June 18, 2015, 06:55:10 PM

Is there a coin out there that 1 person has sole ownership or majority ownership?
I would like them to be the bank for my website.
PM me.

Here's two for you:

www.ripplelabs.com - owns over 80% of the coins (Larsen, Britto and Ripple Labs)
www.federalreserve.gov (owns 100%! They can print as many as you like and take the coins they've let others use back too)

oh man this was the best response possible... i'm not even going to try to beat this.

hats off to you sir.

"Ripple" (counting everything) owns more than 90%. The Federal Reserve doesn't have that much and would salivate just to own 10% of the US dollar. While yes the Federal Reserve can print, loan out and cause all sorts of destruction - there's limits both internal and externally placed upon them. Not so much the case for Ripple, Chris Larsen is pretty much a Stalinist Führer with complete control over the Ripple protocol.

Yeah, I was giving Ripple the benefit of the doubt since Jed owns ~ 10% and the public now own ~ 10%. Agreed that Larsen is essentially in full control over 70-80bn Ripple. Gotta love that market cap calculation...sure Ripple is in the top 10. Sure it is..