the loss of market cap can be blamed on Ripple, a San Francisco based firm. Ripple, which developed XRP as part of its RippleNet decentralized ledger, has tried hard over the past year to create a distinction between the company and the coin. However, Coin Metrics suggests that the firm, along with its founders, controls about 75% of XRP tokens. This gives them undue power and advantage to manipulate the price of the coin.
The data researchers highlighted that Ripple co-founder Jed McCaleb, who is not working at the company anymore, is selling 500,000 XRP every day. He is not alone. The company is quickly dumping XRP in the market, leading to a price fall. The headwinds at Ripple
According to Multicoin Capital co-founder Kyle Samani, “The Company has been steadily increasing its sales of XRP over the previous three quarters, likely inflicting downward price pressure on XRP. Savvy investors have known this for some time; however, for whatever reason, the market is just now picking up the narrative and reacting.” The hedge fund founder is shorting XRP.
As the news of the “dump” is spreading, someone thought it made sense to create a petition to stop the Ripple sale on Change.org. Over 2,100 people have already signed this petition. However, Ripple refuses to admit that they have increased XRP sales.
xrp is better than bitcoin as a store of value and everything else: -xrp is not centralized, the tokens are concentrated and it's to pay for a business not acting for free, it will do everything to sell higher to make much more, and when all is sold it will be like bitcoin but better -xrp core protocol is opensource and can work without ripple labs, thanks to a fair system of decentralized validators, which deals with consensus and governance -xrp is opensource and will become a w3 standard included in browsers as a base mean of payment
Robert Wright
Rumor is: Ripple buying 50% of R3 and with that move they take SWIFT payments
Easton Turner
>xrp not centralized All validators are selected, consensus is not PoW, all tokens were created by one entity and all coins that exist on the market got there by said entity which still controls 70%.
>protocol is open source Which is fantastic for scammers like Stellar who want to fork and dump on retards who buy into that literal copy of the previous scam.
is it? if so then it means xrp is worth nothing but then it can easily go PoW and if it does so it would be better than bitcoin like explained so higher market cap in the long term
Jacob James
Theres a lot of things better than Bitcoin which dont have kiked regulations holding them back. Ripple is the reason Americans cant buy crypto, they are the enemy and no one wants to use that trash. Its not even sold in ATMs, Litecoin is going to kick the fuck out of you which is why you Jew shills always fud it.
David Kelly
Ripple is just PayPal with more transactions per second, which wasnt holding PayPal back. You want your funds frozen for being a bad goy, go open a PayPal account. Crypto exists to undermine banks, not facilitate them. Thats one big thing you will never understand. Id rather use cash, fiat, than hold Jewple.
Carter Morgan
no you control your fund in ripple because it's not centralized unless validators are selected in which case going PoW is an easy solution
Nathaniel Cox
Coti will surpass XRP in MC by EOY 2020
Levi Anderson
Blah blah, not listening Garlingkike. Youre going to fall back where Stellar is by this time in 2 years.
Leo Mitchell
but blah blah is not an argument, no wonder some people are holding xrp, when they see the lack of argument, there is truly none in your post
Jackson Gray
No one actually uses crypto, but nice larp. We are all in it to make fiat, that's all that ever mattered. For proof, just look at how excited you get when BTC pumps in fiat value. I'll give you a hint: it's not "adoption" you're excited about.
Jackson Moore
For something like settlements between banks which was supposed to be the use case for xrp there's nothing wrong with selecting validators but there's also no reason to use a pointless premined token and give ripple billions of dollars for doing absolutely nothing.
Jayden Reyes
they develop xrp they should have something in return and that is xrp, it's a nice incentive
Grayson Cox
>develop xrp The haven't done anything. If you concede decentralization and choose your validators you can do whatever you want much faster than xrp. The only thing xrp brings to the table is the ability to put massive amounts of dollars in the pocket of ripple.
Camden White
IS THIS THING STARTING TO MEWN?
Jayden Thompson
Youre just talking a bunch of bullshit and its irrelevant because its not a blockchain and its responsible for all the regulations stifling crypto investment. Everyone hates you and its a scam, kill yourself, theres the argument. I find someone holding XRP im going to beat the shit out of them for scamming people and investing in anti-crypto.
