Quote from: misterbigg on May 11, 2013, 06:57:59 PM

Quote from: anti-scam on May 11, 2013, 06:51:54 PM

So what you're saying is that they want to pump up the value of their holdings as much as possible for the eventual dump?

This is a perfect example of what I was speaking about earlier regarding primates. "anti-scam" like everyone, knows full well that you can use Ripple to send, receive, and redeem IOUs without having to invest in the XRP currency and yet he ignores that and continues to spout baseless claims.

Technically you do have to invest in the XRP currency (to pay transaction fees and the reserve requirement) to send, receive, and redeem IOUs. The only one spouting baseless claims here is you.

A dump of XRP is inevitable. Ripple, as a system built on centralization and control instead of freedom, is doomed to fail. OpenCoin has investors to pay back. They will have no choice but to dump as many XRP as possible to try to pay them off. Anything before then is just hype. I don't know if a pump and dump was their original intention, but it will be the end of Ripple.

Quote from: cypherdoc on May 11, 2013, 07:15:58 PM

precisely my point. Ripple hasn't developed a fair system to distribute them.

many XRP's were just handed out here on the forum one day for those willing to post an address. OpenCoin has just arbitrarily decided to hold back 50% for themselves.

it's not a fair distribution system and thus creates suspicion/resentment.

contrast this with the proof of work system for Bitcoin. POW is one real reason Bitcoin resonates with it's adopters even today.

Quoted for truth

People are not stupid, and do have a sense of fairness. You cannot fool them into thinking that OpenCoin's centralized distribution of XRP is okay. If it's already causing this much controversy with users here, it will never be acceptable to your average person. Go long on XRP at your own risk.