60billion left to dump Wrong, A significant amount of "available" coins can not be sold at the moment because of contractual agreement.
The actual truly freely traded number of coins is freighting small.
Furthermore, Ripple Laps does not need XRP's 99.99% of the time (only in extreme circumstances with something very low volume) its main use is dumpig it.
XRP is the digital equivalent of this completely useless
crap.They were dumped already. There used to be 37.xbillion+ tokens on market, now there are 38billion and 300mil
http://coinmarketcap.com/ . In about a year+ there were dumped ~7billion tokens.
So you are saying ~8billion (300mil + 7b + from before) is the true number of
freely available tokens.
So 90% of XRP’s still searching for suckers to participate in this fools game.
Jed McCaleb by contractual agreement is only allowed to dump x billion per year.
Banks in exchange for stating they use Ripple (Labs) not XRP’s are
given x amount of tokens with the agreement not to sell (dump) for x years.
Joe Blow finds a value for something which has cost next to nothing to produce is given away for free and is controlled by a centralized entity and best of all not needed or used.
Swindling money out of the pocket of not so wise (simpleton) member of society = scam.