/biz/ - Business & Finance

>>17607969

>>17593878

>>17552622
can't believe there are some poor anons here who fell for that scam

>>17550527
>XLM

>>17549987

>>17538270
https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/
>At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency (crypto). Unlike most crypto pump and dumps, however, Ripple takes numerous steps to obscure this basic fact.
>To obscure Ripple’s founders’ intentions, however, an open source ‘community’ – not technically Ripple itself – issued the tokens. “XRP is open source and it was not created by our company, so that existed as an open source technology,” explains Ryan Zagone, director of regulatory relations for Ripple. “We didn’t create XRP.”
>One of the strongest indicators that Ripple is a going concern is the dozens of customers it touts. Look more closely, however, and most such companies are ‘partners,’ not customers – and to make matters worse, Ripple pays companies to become partners.
>In other words, Ripple is using its share of its free XRP tokens to build the illusion it has paying customers – when in fact Ripple is paying them, not the other way around.

>>17099491
You are just parroting what that jew Joel from twatter said, right? I don't even have to check it to know.
>Ripple cannot
Yes, they can and they fucking did. Find me other currency that performed something like that and still call itself "decentralised" or shut the fuck up. You have no argument. They literally asked exchange to freeze someone's else funds because he was crashing the price of their precious scamcoin and made a new rule on the spot. Then few years later they claim they don't interfere with xrp and boast how xrp isn't their property. It blows my mind how shameless they are.
>https://en.ethereumworldnews.com/ripple-ceo-claims-xrp-is-decentralized/
You have to be an utter bagholding retard to not see through their lies. The same kind of idiot that's indebted to banks. They never even planned that whole escrow bullshit, they only did it to get their dumb investors onboard. They even went as far as to make some useless nodes to fake their decentralization aspect. Useless, because once they sell off their bags they can just abandon their work and claim it just didn't work out and no one would be able to do shit to them. Those decentralised nodes would dissapear instantly and everyone would stop giving a shit about ripple.

Rippletards whole argument is basically that institutions are going to buy their overpriced bags. It's funny because even Ripple doesn't believe in this shit.

>>16977922
burner accounts?
are you new to the internet?
do u have a hard time understanding this infographic?

>>16956235
what does it matter, it is still true!

$2500
$500 trillion marketcap
sounds legit
amazon = $1trillion
xrp a premined scam coin with no utility is worth 5 times more.
sounds legit

>>16371980
XLM has more real partnerships than XRP. XRP pays people to test pilot their stuff and then goes "OOOOO LOOKIE HERE NORMIES... WE TALK TO BIIIG CORPORATION AND THEY MIGHT USE OUR SHIT COIN... MAYBE U SHOULD BUY ;)"

Its over. People tried to warn "LE XRP HODL ARMIE xD" but instead they responded to those who warned them with violence. They could have sold and saved themselves pain, but instead they chose to scare others from speaking out. Many crypto tubers/twitter people have said anytime they try to criticize XRP, their accounts have attempts to hack them and they receive death threats. So there is way more people thinking this coin is a stinky piece of shit than you can possibly imagine.

Their business model is the scammiest thing I've ever seen. This will be up their with enron. 100 billion dollar valuation and NO product.