Post
Topic
Board Altcoin Discussion
Re: Pre-mined/XRP Ripple scam: A simple solution
by
wormbog
on 28/02/2013, 21:49:42 UTC
Personally I'm not too worried about Ripple concentrating power in the hands of it's founders. The massive pre-mine and idealistic "Trust us to distribute them fairly!" approach is bad enough. But the crazy IOU and trust system is way too confusing for the average consumer. People don't want reputation-backed IOUs, they want cash in hand.