Why Ripple is a SCAM.

[jkljb]

That's what the creator meant in his public statement:

Im a human with ambitious pretensions.

I decide to create one coin, protocol, (Startup like NXT), etc.

Get funding (yay!).

I reserve 20% for development costs. But of these 20, 9% are mine, and I can do with them what I please. (Like a boss  )

I donated some to charity .... a few little bits. Good Samaritan  .

As the capitalization reached large 1B+ , was reduced to 100M.... but anyway i decided to Sell all my.

So my dear investors, thanks for give me your money.  And keep this crap. I'm getting out.

[Sukrim]

That's all about XRP, also the market cap is at ~600 million USD right now. They are sure not very great as Altcoin...

[AcoinL.L.C]

That's all about XRP, also the market cap is at ~600 million USD right now. They are sure not very great as Altcoin...

Really? market cap is under 50 mill. Nice try though.

[Sukrim]

There are (close to) 100 billion XRP, at about 0.006 USD each that makes 600 million USD.
RippleLabs holds about 72 billion of these, about 8 billion have been distributed by them and about 20 billion are held by the Ripple founders - I'm not sure where you get your numbers from, but it seems you are only looking at the 8 billion distributed by RL, even though for example Jed McCaleb (one of the founders) stated he'll sell his 9 billions, so you can consider these "on the market" too (in case you want to arbitrarily change/redefine what "market cap" means...).

This still does not make Ripple itself anything, we are still only talking about XRP, which have very little to do with Ripple.

[AcoinL.L.C]

There are (close to) 100 billion XRP, at about 0.006 USD each that makes 600 million USD.
RippleLabs holds about 72 billion of these, about 8 billion have been distributed by them and about 20 billion are held by the Ripple founders - I'm not sure where you get your numbers from, but it seems you are only looking at the 8 billion distributed by RL, even though for example Jed McCaleb (one of the founders) stated he'll sell his 9 billions, so you can consider these "on the market" too (in case you want to arbitrarily change/redefine what "market cap" means...).

This still does not make Ripple itself anything, we are still only talking about XRP, which have very little to do with Ripple.

50 mill = the 8 billion distributed XRP. Ripple/XRP are both worthless, can't believe people fell / still fall for it. Its never going to gain mass adoption or even bitcoin level adoption  

[Justin00]

People still use ripple ?
Why exactly ?

I can understanding using random alt coin... but ripple ?

[Sukrim]

Ripple = exchange, XRP = altcoin. It's not THAT difficult to understand now, is it?

[Unluckyduck]

There are (close to) 100 billion XRP, at about 0.006 USD each that makes 600 million USD.
RippleLabs holds about 72 billion of these, about 8 billion have been distributed by them and about 20 billion are held by the Ripple founders - I'm not sure where you get your numbers from, but it seems you are only looking at the 8 billion distributed by RL, even though for example Jed McCaleb (one of the founders) stated he'll sell his 9 billions, so you can consider these "on the market" too (in case you want to arbitrarily change/redefine what "market cap" means...).

This still does not make Ripple itself anything, we are still only talking about XRP, which have very little to do with Ripple.

The total market cap means almost nothing cause a major dump would completely crash the currency cause AFAIK the buy walls for it are not all that great. Didn't one of the lead devs dump his entire stash fairly recently too?

[Justin00]

Must be if I was asking =)

Ripple = exchange, XRP = altcoin. It's not THAT difficult to understand now, is it?

[Sukrim]

Well, all balances are public, so some people tried to find out if Jed actually dumped everything: http://rippletrak.com/watch-xrp/
Apparently not so far.

[smoothie]

Ripple...someone should fork the ripple code and call it NIPPLE.

XRP/Ripple is broken. Hence why the sell off and the resignations from that business.