/biz/ - Business & Finance

>>13955294

it's been around for a while and convinced idiots that banks are actually going to buy these tokens from you so they have free up trillions of dollars which are just sitting there for money transfers. That plus the fact that even from the 42 Billion in circulation, most are still in the hands of a few founders/insiders so it really inflates the marketcap.

Haven't been following Ripple that closely, but even I can tell that it looks like a fucking shit show.

First there was the whole thing where they kept saying that they don't own XRP. But wait, you do, don't you, and why does every article talk about how they invented XRP https://www.forbes.com/sites/michaeldelcastillo/2018/09/04/ripples-trillion-dollar-man

wtf?

Also, what about this article that says they are utterly full of shit https://www.forbes.com/sites/francescoppola/2019/02/10/there-is-no-such-thing-as-dormant-funds-in-banking

And, wtf there was something else but I can't even remember. Oh, the thing about being a validator. Like, you don't get paid to be a validator, so why would anyone be one? Well, (1) because they want the network to be healthy (what is "collective action problem") and
(2) yes they control the network but they couldn't 51% attack it because, well, that would be majorly uncool man, and validators are not going to do something uncool, because that could harm the network (just like no one would ever steal money because that would devalue money because people wouldn't trust it any more, oh and also
(3) if you are so uncool to ask all these questions then we don't want you as a validator anyway!

Then these fucking rippletards are threatening anybody who questions this. WTF is this -- seems like some scientology level shit.
Srsly. wtf with this shit.