Ripple update: Calm down with the Ripple is not XRP comments! Ripple did this themselves!!
Anyone else get annoyed with sarcastic “I didn’t know Ripple and xrp were the same” comments?
I understand Ripple’s effort to not have xrp classified as a security. I also don’t think xrp is a security. However, Ripple dug this hole themselves and it is slightly concerning on how much they are trying to get out of it.
-Holding 60% of an asset definitely warrants some kind of discussion and criticism over how much control of the market they could potentially have. Yes, I understand how the escrow works.
-Ripple has a thing for building around an asset they hold the most of, and branding many products and initiaves with the lowercase “x”. Are we really supposed to believe thats a coincidence?
-Ripple execs used to interchange “ripple” with “xrp” up until the last year.
Now, being a holder of xrp, I’m not saying Ripple legally owes me anything. If xrp flops and Ripple flourishes because of escrow sales and other products that don’t utilize xrp, well that sucks for me but I was never given a guarantee by anyone that my investment would see gains.
HOWEVER, I fully think that at this point in the game, Ripple does have a responsibility to its community (not the banks, but to ME AND YOU) to ensure that xrp is successful and sees gains. For how much they have pumped the coin, I’d lose all respect for the company if they are successful and xrp isn’t.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: turquoisetintdiving
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