/biz/ - Business & Finance

What the fuck does XRP DO?! In a BTC like cryptocoin the token is the currency itself, but what do XRP tokens do??? They were just issued out of thin air and sold in crypto markets despite them having nothing inherent to them that makes them a crypto. Its like a stock in a company but without the dividends. Any banks that use ripple's system will not be using $XRP, they will use their own internal token... BTC-like cryptos have value because they aren't controlled by any central authority which was the whole point to create them in the first place, and if (((they))) take over the dev team and the code changes fundamentally, you fork it (BCH) and miners will come on their own. If people don't understand that the economy is doomed.