DunDidIt2X
Elite Member
- Mar 22, 2012
- 2,863
- 2,432
Lawsuit heating up http://fortune.com/2018/01/09/cryptocurrency-ripple-xrp-lawsuit/
I know exactly what it is, and I don't need to read any guru blog for info. All of this is in RIPPLES whitepages. I don't hold any because they made it very clear from their launch they were going to keep dropping in more currency from escrow, nothing shaddy. But even so, let them hold 60% in escort. They need to pay all those mining farms to transfer everyone's coins 100x cheaper than bitcoin rates."XRP is not a cryptocurrency
XRP is an electronic token, created and backed by a single company: Ripple Labs Inc. – a global money transaction business.
Ripple Labs today owns the vast majority of XRP (over 60% of the supply).
It is their sole decision to cash in on the value or completely devaluate the market by flooding it with cheap XRP.
You invest your hard-earned Fiat or BTC into a token for which Ripple Labs never paid a dime to create. It cost them literally nothing to
create the tokens people buy today at $4 per piece. 100% of the tokens were created out of thin air, while
the majority of the supply is still in control of Ripple itself."
https://cryptoyoda1338.wordpress.com
I know exactly what it is, and I don't need to read any guru blog for info. All of this is in RIPPLES whitepages. I don't hold any because they made it very clear from their launch they were going to keep dropping in more currency from escrow, nothing shaddy. But even so, let them hold 60% in escort.
Why so salty? Missed the train? Smart people took profit already and went in other coins.So with the ripple price dropping is that one seriously expensive hooker or a really cheap one?
Anyhoo - where has Mr DojiStar Zionbar suddenly disappeared to?
Probably hiding under the bed at his moms house in case people who were daft enough to listen to him turn up on the doorstep.
He is one of these decentralised maniacs that live in his mum's basement with tinfoil on his headWhy so salty? Missed the train? Smart people took profit already and went in other coins.
Still doesn't change the fact it is a form of currency, anyway, I'll leave you to your virtual trading.So with the ripple price dropping is that one seriously expensive hooker or a really cheap one?
Anyhoo - where has Mr DojiStar Zionbar suddenly disappeared to?
Probably hiding under the bed at his moms house in case people who were daft enough to listen to him turn up on the doorstep.
WOW "Virtual" funds..... I'm fucking impressed.
Somebody please roll out the red carpet for this bitch.
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I can see XRP going down hard, just like previous pattern. 100 max Billion supply of which 38 B circulating atm, how far do you think this can go.... Some guy even told me yesterday he thinks XRP can go to $30, dont be too deluded, IMO this things is going down and should go down after all the hype!
IMO even $5 is a little over the top, $5 means it will have a MC of $190B which is very close to BTC's MC right now ( $230 B ).... I mean that speaks for itsself, maybe in a year or two who knows but I dont know about that one.$30 is a wishful dream that's never going to happen..... maybe $5 tops. Double up and bounce, rinse and repeat.
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IMO even $5 is a little over the top, $5 means it will have a MC of $190B which is very close to BTC's MC right now ( $230 B ).... I mean that speaks for itsself, maybe in a year or two who knows but I dont know about that one.
Not to mention it is a centralized coin of which most supply is in hands of corporate institutions, right now only 38% of all supply is in circulation. Once the rest gets released there wont be much value for XRP.
@ jack@IMO even $5 is a little over the top, $5 means it will have a MC of $190B which is very close to BTC's MC right now ( $230 B ).... I mean that speaks for itsself, maybe in a year or two who knows but I dont know about that one.
Not to mention it is a centralized coin of which most supply is in hands of corporate institutions, right now only 38% of all supply is in circulation. Once the rest gets released there wont be much value for XRP.