I love
@zionbar 's enthusiasm just as much as everyone else. Shit, the kid is getting so excited he can barely string a sentence together. But please, before throwing money into something, do your research. Ripple is great. The company. XRP is not. People are blindly throwing money at this because people say to blindly throw money at it. Bunch of hype men.
Only a small percentage of XRP is actually tradable/on the market. Ripple (the company) owns the rest. They are literally controlling the supply. Them doing so is hyper-inflating the value. There are almost 100 billion XRP. Less than 39 billion of them are tradable on exchanges. The company can decide when to release more. It is premined.
It's not decentralized. It's not even a cryptocurrency. It's a privately-operated fiat currency.
Ripple is a company whose blockchain technology could revolutionize banking. No banks are using it, though. They are "testing", but nobody is buying in. Amazon sure as shit isn't going to buy in. But hey, let's trust a tweet from a big baller of the company in control of the inflated Ripple supply of over $70 billion. He surely has nothing to gain from leaking vague information such as this.
XRP is Ripple's coin. They hold over 60% of it themselves and have been desperately attempting to pump it into stardom for several years. It's been pumped and dumped before, on multiple occasions. XRP has a history of instability and is a sinking ship that is shiny and new and backed by a company that has promise.
XRP is one of the most unstable of the unstable altcoins.
@zionbar doesn't even know who the founder of Ripple was. He's "
a very honest guy I've been following for a while"? You had no clue what crypto even was
six months ago. I know that probably seems like forever, right? Let's not forget that this was even before you were insistent that
poor people were selfish. Good god, a guy who literally wrote "poverty rates are EXTREMELY HIGHER in poor neighborhoods vs rich neighborhoods" is now an idiot savant about a multibillion dollar currency.
Jed McCaleb is the founder of Ripple, and has been doing shady shit for years. Right now he's the head of ANOTHER completely premined, fully company-controlled coin (Stellar). Before that he created Mt. Gox. That worked out well. Ripple is an overhyped piece of shit talked up by overhyped pieces of shit. It is the super hot pump and dump right now. A lot of people are making a lot of fake money because they are refusing to sell. Yes, I have strong anti-crypto feelings, but goddamn, XRP is the shittiest of guttersluts in the cryptocurrency world.
And it's being peddled by thousands of little zionbars. Magical crypto gurus who didn't know where the fuck to start six months back.
I'm done spouting about how most altcoins are pump and dumps backed by nothing but ideas and empty promises. This should be evident by now. But Ripple is the biggest one of all, and when it goes down in flames, this is the one event I
will be standing on the sidelines laughing my ass off about. It is the epitome of retards not knowing what the fuck they are doing, and trying to tease out the meaning of "a household name".
And before the classic "you're just mad because you didn't buy in", fuck off. I didn't buy in because of the reasons listed above. All of them. I'm mad because people are being taken advantage of. And they aren't even going to know it until the shit hits the fan. I'm mad because clueless fuckers are causing distrust in the concept of finance. I'm mad because all of a sudden every rich boy fuckface is suddenly an expert.
@zionbar, you're great. You're adding a lot to the conversation and getting people excited. But shit, man, you have been talking out your ass for months now.
