Ripple update: Opinions on the amount of XRP owned by the bosses
Before anything I wanna say that I want XRP to mean as much the next person here. I think the team’s goal and the product they advertise are very revolutionary, plus the ideas that they have been coming up to try to decentralise XRP have been great (escrow, non-dependent on mining).
However knowing that there are about 39bn XRPS in circulation, 55bn in escrow and the remaining belonging to the company, And knowing also that the 3 of the top men at ripple (Larson, Garlinghouse and McCaleb -not anymore) possess about 15bn combined, isn’t it understandable that people still blame ripple for not making more effort to decentralise. You have 3 men that basically own about half of the circulating supply.
And yeah, I know that they can’t dump it all at once due to contractual obligations and what not. But still, isn’t it greedy as fuck to own so much, specially given the fact that it’s hurting their own project. I would like to hear some opinions here. I’m balls deep in Ripple because to me it makes the most sense, but the fact thay they can’t come up with a solution to dilute how much those 3 own is pure greedy. Not to mention that also have fat shares of the company..
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: bidfilipe
Score: 26
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