This scam will get the Kill Switch flipped any day now if it comes out that market makers and Ripple have violated this agreement. Enjoy getting REKT.
On May 5, 2015, FinCEN fined Ripple Labs and XRP II US$700,000 for violation of the Bank Secrecy Act,[31] based on the Financial Crimes Enforcement Network's additions to the act in 2013.[51] Ripple Labs agreed to remedial steps to ensure future compliance, which included an agreement to only transact XRP and "Ripple Trade" activity through registered money services businesses (MSB), among other agreements such as enhancing the Ripple Protocol.[31]
Yes. KILL SWITCH. This is not decentralized crypto and has a central point of failure.
I was just eluding to them using clandestine methods to manipulate the price..
Who do you all think is pumping it etc ?
Probably the guys who got free coins when it launched.
How much did they hand out on the great giveaway debacle ?
I never got fuck all when they forced me to sign up using my email etc.
EDIT: I signed up for the giveaway back then in 2013 just after i got here.
Think about it.. they are pumping it or otherwise using sketchy means to drive the price up i almost certain.. and... releasing more coins.
So they can add coins but can't take them away and need to use shady means to affect the price.
Or they risk violating that agreement quoted.
So i am saying if they are investigated and get caught pumping it etc they are in for a world of hurt.
They better hope they are not being watched.
This shit will unravel eventually i think.
It simply shouldn't have existed in the first place.
This is worse than any ICO crap out there because it's not decentralized and open sourced and a currency.
It's some scammy ass ICO free money
corporate ledger scheme.