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July 03, 2013, 06:06:15 AM |
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Ripples (XRP) are a created/invented currency. i.e. pre-mined, not mined. The people who invented ripples still own pretty much all of them themselves. Are they selling them into the market via people such as Bitstamp in return for 'genuine' money - fiat money such as dollars and euros - that they can actually spend getting what they want out of life? (None of the current cryptocurrencies are much use in the real world as yet, and are broadly only used as tokens for speculating with.) It seems to be taking ripple's creators a long time to 'give away' the money that they've invented, and it's also taking them a long time to make their code open source.
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