I guess Ripple is a religion, because you've got to have ulterior motives or faith in demons..
I don't have any ulterior motive or interest in demons.
Enough said. It's a friggin' scam. Enjoy that free XRP that OpenCoin started you off with, like a baby nursing on a milk bag.
It's kind of cool to get XRP a while ago and have the value of then increase quadruple in value in a short time.
If Ripple Labs is performing fraudulent activities, I would love to hear all about it; what would be even better: if you had some facts to back up your claims.
Fact: XRP is a fiat currency created by Ripple so they can profit off of when it increases in value. They control a majority share of it and can pretty much destroy/affect the value of XRP by market manipulation. It is a scam, through and through. You have stated no counter-facts to their motives and their iron-grip on XRP.
Fact: XRP is a fiat currency created by Ripple so they can profit off of when it increases in value. They control a majority share of it and can pretty much destroy/affect the value of XRP by market manipulation.
I'm sorry, I thought you wanted to discuss facts. XRP is not a fiat currency—only a government can create a fiat currency—you know, fiat currency exists because of government decree.
Yes, Ripple Labs hopes to benefit from the increase in value of XRP over time; they've been quite public about that. Unlike you, I have no problem if these guys get rich for disrupting and fixing our broken and fragmented payment system.
The flip side is that all of us with XRP stand to do pretty well too, which is also okay.
The fact that Ripple Labs holding the majority of XRP now is no different than when a company goes public and holds on to shares. Sergey Brin has over 27 million shares in Google, but nobody believes Google is a scam.
You thinking that Ripple Labs would destroy the value of XRP is conjecture and speculation. Unless you have any proof otherwise—which you don't—there's not really much more to say.
They have started publicly that they are going to give away 55 billion XRP; only a tiny fraction so far have been distributed. Again, unless you have proof otherwise, why should we listen to or believe you? You're just making shit up.
Meanwhile, the rest of us will continue to benefit from using the Ripple payment network and the increasing value of XRP.
A fiat currency is
any money declared by a government to be legal tender.[1]
state-issued money which is neither convertible by law to
any other thing, nor fixed in value in terms of any objective standard.[2]
money without intrinsic value.[3][4]
Fiat is latin for "it shall be." Ripple XRP was basically conjured up, it has no value, it has no origin except for the Ripple corp. Now keep sucking on that Ripple currency milk bag. Maybe the ponzi scheme will peel out for you and you'll be able to fund that storybook startup of yours.
I don't have any ulterior motive or interest in demons.
Enough said. It's a friggin' scam. Enjoy that free XRP that OpenCoin started you off with, like a baby nursing on a milk bag.
It's kind of cool to get XRP a while ago and have the value of then increase quadruple in value in a short time.
If Ripple Labs is performing fraudulent activities, I would love to hear all about it; what would be even better: if you had some facts to back up your claims.