Just the fact that....
When Ripple was founded, it created 100 billion XRP tokens of which 80 billion tokens were allocated to the company and 20 billion were given to the three founders, IMO makes it worse than the federal reserve
Here is an approximate breakdown of the distribution of those tokens:
The Ripple company received 80 billion XRP.
Chris Larsen received 9.5 billion.
In 2014, Larsen committed to put 7 billion XRP of this 9.0 billion into a charitable foundation.
Jed McCaleb received 9.5 billion. Upon leaving Ripple:
McCaleb retained 6.0 billion (subject to lock up agreement).
McCalebs children received 2.0 billion (subject to lock up agreement).
1.5 billion was given to charity and other family members of McCaleb (not subject to lock up agreement).
Arthur Britto received 1.0 billion (subject to lock up agreement).
When Ripple was founded, it created 100 billion XRP tokens of which 80 billion tokens were allocated to the company and 20 billion were given to the three founders, IMO makes it worse than the federal reserve
Here is an approximate breakdown of the distribution of those tokens:
The Ripple company received 80 billion XRP.
Chris Larsen received 9.5 billion.
In 2014, Larsen committed to put 7 billion XRP of this 9.0 billion into a charitable foundation.
Jed McCaleb received 9.5 billion. Upon leaving Ripple:
McCaleb retained 6.0 billion (subject to lock up agreement).
McCalebs children received 2.0 billion (subject to lock up agreement).
1.5 billion was given to charity and other family members of McCaleb (not subject to lock up agreement).
Arthur Britto received 1.0 billion (subject to lock up agreement).