Just The Facts

I've made this a moderated to prevent repetition of baseless accusations. To be clear, here are some well established facts about Ripple:

1. Ripple is a payment and accounting system, not just a cryptocurrency.
2. Ripple is beta software and not ready for the general public!
3. XRP is Ripple's built in currency, and it is used for important things.
4. Only 100 billion XRP can ever exist, and OpenCoin starts out with all of them.
5. Transaction fees, paid in XRPs, can be lowered or changed through consensus.
6. Ripple server is closed source but will be open sourced soon. The client is open source now.
7. OpenCoin says their plan to make money is to "hold XRPs and hope they go up in value."
8. Ripple founders own 20% of all XRP.
9. OpenCoin plans to give away 50% of all XRP to fund new accounts and promote the system.
10. OpenCoin will sell the remaining 30% of all XRP to finance operations and repay investors.
11. As long as OpenCoin holds most of the XRP, they can influence its price.

You do not need to invest large amounts of money in XRP or hold a significant amount of XRP in order to benefit from Ripple!

Investing in XRP is risky as fuck!