Re: Is Ripple a scam? Shocking Forbes article about XRP !!! (POLL ADDED)
I just though of something, after reading the article more carefully.
This guy and a lot of XRP haters are basing their statements on an issue that is common in every currency except metals, the fact that XRP was issued from thin air.
Oh yeah? And how are US Dollars being valued? How are Venezuelan bolívar being valued? What are their worth? What is Bitcoin's worth? It's electricity?
As long as Ripple is offering services based on the XRP coin and people "demand" it but the "supply" is limited, it's not a "worthless token" as they call it.
This guy and a lot of XRP haters are basing their statements on an issue that is common in every currency except metals, the fact that XRP was issued from thin air.
To explain the Ripple business model, I have compiled the graph below.
Oh yeah? And how are US Dollars being valued? How are Venezuelan bolívar being valued? What are their worth? What is Bitcoin's worth? It's electricity?
As long as Ripple is offering services based on the XRP coin and people "demand" it but the "supply" is limited, it's not a "worthless token" as they call it.