Post
Topic
Board Altcoin Discussion
Re: Is Ripple about to become the next kingmaker?
by
tokeweed
on 26/12/2014, 14:52:21 UTC
The only way Ripple can be that is if RippleLabs and the big stakeholders burn their share. One of the co-founders who owns 10% has publicly stated he is not interested in doing so and has left so there is nothing Ripple can do.

Its a brilliant piece of tech, if only they were less greedy they could have been a huge success story and be the number one.

It's true, they are hugely greedy. I can't fathom why the price keeps going up. It's still hella-hard to get ahold of any at a fair price, and once you have it, it's complicated to sell. It's tempting to watch that price ramp up and up, but when you remember how much XRP the ripple founders themselves hold you know something scammy is going on, regardless of how smart their tech is.

didn't the ripple founders donate all their holdings to non-profit charities? One for the under-banked?

nope.