Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: Don't trust ripple! It's a get rich quick scheme for the creators.
by
glitch003
on 18/04/2013, 17:14:24 UTC
Quote from: mr_random on April 18, 2013, 02:37:00 PM
Quote from: dadrizforshizz on April 18, 2013, 02:03:12 PM
Quote from: glitch003 on April 18, 2013, 01:45:31 PM


Simply because the creators want to get rich from it.  As I stated above, they kept 20 billion of the 100 billion total XRP.


I thought they kept 80% for themselves?

Regardless, there are idiots that are paying 1BTC (yes USD $92) per 10,000 ripples.....

Yeah it's 80%.

100 billion XRP total, and they have kept 80 billion. Something like 1% would have been more than enough.

No you're actually wrong.  The opencoin foundation gets 80% (80 billion XRP) to distribute as they see fit.  The founders keep 20% (20 billion XRP) for themselves!!  Look it up.