If XRP is centralized, how come Ripple won't simply prevent him selling it?
The reason might be because there was an agreement that involved lawyers and papers signed. They needed to control Jed and at the same time Jed needed assurance that he can dump without legal repurcussions. Jed would never need
permission if it was decentralized.
So at any time Dumping of XRP may happen?is this what can happen?though we are not accusing Jed of this yet the Possibilities are there?
sorry for Noob question i just find it interesting.
Anyway the Spark airdrop is ending soon,Will Ripple stays this low?opposite from expectation of others.though its their fault expecting too much for a crypto coin.
There was an agreed limit on how much Jed can sell every week during the first years until he can sell up to 2 billion XRP per year on the 7th year and remainding years. The agreement was signed on 2014.
There are sources about this on the internet.