XRP - The 2nd Biggest Scam in Digital Currency History

[asriloni]

xrp situation is very bad but we need to wait because xrp is the 3rd highest currency in crypto market we don't be panic in the situation and don't be blame too fast I personally believe xrp will recover herself very fast in the alts bull run in the next year

These are the classic XRP shills/botnet that have been spamming these forums and all outlets for years by the way. The single most intricate and aggressive marketing agencies & individuals of any crypto.

Its obvious you have an agenda. Did you lose big on XRP at some point? Can you explain to me HOW XRP is a scam coin? All I hear is scam this scam that but nobody presents any evidence. You do know that the UK and all other countries accept that XRP is a currency and not a security yes?

Currency? seriously, are you joking or what? I never heard that before. Despite to be called as a currency but ripple is claimed itself to be the next payment channel system like VISA or MC.
XRP was running an illegal securitu token offering and that's clearly stated by SEC. You should watch the document that already published by SEC. FYI it's on US and it's not in JAPAN, UK or another country.

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[Wawa2013]

Even though I am not a supporter of XRP, I don't call it a scam as long as there is no official decision from the court. But it is better to
temporarily avoid trading using XRP, this is a safe step to take. Hopefully the court results regarding the charges from the SEC against
XRP can come out soon, so that there is clarity regarding XRP. What's interesting is that if it turns out the SEC failed to prove its allegations
in court, this could make XRP prices skyrocket. No wonder there are some people in a situation like now buying XRP, even though there are
enormous risks.

[Houdini76]

xrp situation is very bad but we need to wait because xrp is the 3rd highest currency in crypto market we don't be panic in the situation and don't be blame too fast I personally believe xrp will recover herself very fast in the alts bull run in the next year

These are the classic XRP shills/botnet that have been spamming these forums and all outlets for years by the way. The single most intricate and aggressive marketing agencies & individuals of any crypto.

Its obvious you have an agenda. Did you lose big on XRP at some point? Can you explain to me HOW XRP is a scam coin? All I hear is scam this scam that but nobody presents any evidence. You do know that the UK and all other countries accept that XRP is a currency and not a security yes?

Currency? seriously, are you joking or what? I never heard that before. Despite to be called as a currency but ripple is claimed itself to be the next payment channel system like VISA or MC.
XRP was running an illegal securitu token offering and that's clearly stated by SEC. You should watch the document that already published by SEC. FYI it's on US and it's not in JAPAN, UK or another country.

No Im not joking:

From Brad Garlinghouse himself at 2.28
https://www.youtube.com/watch?v=KKmjGV6T4IY

"XRP was running an illegal securitu token offering and that's clearly stated by SEC." in their opinion which has yet to be tested in court so no one can say XRP is a scam or a security until all the facts have been presented in court.

Also the DOJ and the DOT in the US view XRP as a currency.

[Tash]

Morons everywhere, its like interviewing a bank robber if he did rob the bank. Media totaly useless nothing more than propaganda outlet.
XRP is nothing like Bitcoin or even Ethereum for that matter. For starters there is not a single miner providing all coins.
Bitcoin or other crypto is none of this ether, the sooner this junk is dealt with the better for crypto and everyone.
https://bitcointalk.org/index.php?topic=5302931.msg55993973#msg55993973

[Rengga Jati]

No, it is not a scam coin. SEC stated it is a scam coin because they break the rules, but we know that a crypto coin is a decentralized coin. It means basically crypto coin doesn't need to be regulated by SEC. The problem is the response from the owner of XRP seems not really clear. That makes too many speculations now.

[sangkler11]

The day of reckoning has finally arrived and this is should be liberation for all legitimate cryptocurrency teams out there. Ripple set out to create a remittance platform under the pretense of being a "cryptocurrency" when in fact, XRP has never and will never be a cryptocurrency. It's a centralized ponzi scheme that has been reportedly going on for 7 years, since 2013. I and many others have been calling out this scam for years now. Anyone halfway serious and understands crypto, knew this day was eventually coming and should be rejoicing.

To those who've been seeing XRP shills fill this board for years, in the comments and making threads, on social media and etc, just know that the vast majority of these accounts are manipulated bots and guerilla marketing teams that have been pumping their scam for years.

Altcoin markets took a very short shock, but since have all but recovered and will quickly resume their pace with Bitcoin. XRP in fact, had an insignificant impact on the crypto markets and any markets impacted will soon recover. This is a day you shouldn't fear, but should rejoice at the cleansing of scam coins from the broader market.


The biggest scam, which will cause a shock to crypto markets (for better or worse, capital flight will fly to other stablecoins and or back to Bitcoin) is Tether, USDT. This is the next monstrosity that will be targeted in the near future and will have a direct impact on all crypto, but it's long overdue. Tether prints billions of dollars and is the single most obscure and least transparent of any stablecoin, even moreso in the last 2 years when it overthrew XRP for the top spot.
 

As you can see on display in this thread, the botnet and puppet network of XRP's marketing is in full-force mitigating the damage. 0 Rep, Spammy, New Accounts.  

This is a really biggest scam in history, I saw a video about the XRP scam about 2 months ago, and it was true.
but why did the price of XRP not immediately drop to the bottom, why are there still people buying it ??

It's quite strange not to see the condition of ripple like this but there are still many people who buy it,
do these people not know about this news?
and for now I wonder what will happen to Ripple whether it will end like this or survive

yes that's why it makes me confused.
take a look, now many exchanges are planning to suspend trading for XRP such as coinbase, bittrex, binance.us and others.
Currently buying XRP is very risky, we'll see what happens in the future.

[1miau]

Well said! Finally, XRP is a dead coin and people should get out asap.
Garlinghouse is a greedy retard and luckily for everyone else, nobody doing legitimate business will work with him again. He has lost his credibility (to be accurate, he has lost it long ago but people still partnered with him for own profit).

I hope people start reviewing coins more carefully, a large part of the crypto community called out Ripple's shitcoin frequently, the list provided by Tash above is very useful.

And don't get fooled by Rippletards shilling XRP even after Ripple Labs has failed completely. 

[amishmanish]

I actually sympathize with the average XRP shiller. He is generally one of those from smaller countries who bought into XRP thinking they are the only legitimate business in crypto. Mainstream media played a role by always showing XRP besides Bitcoin. Yet, those in the community have warned about this for long. Like @1miau so eloquently stated:

Garlinghouse is a greedy retard and luckily for everyone else, nobody doing legitimate business will work with him again. He has lost his credibility (to be accurate, he has lost it long ago but people still partnered with him for own profit).

Garlinghouse basically saw this huge opportunity to sell the soul of crypto with this terrible bastardization that claimed to cater to "Banks". While crypto was being hailed as power to the common man and as a tool to make governments, corporations and central banks reconsider themselves, people like Garlinghouse were busy taking advantage of it. He is amongst the first of the slick business-people to have afflicted bitcoin and crypto in general with their greed and short sightedness.

The basic question isn't just about whether XRP is a security or not, the SEC has made public the dealings that founders had to sell an unlimited supply of XRP they controller to "investors" (which were exchanges to begin with).

For those of you still holding on to it, sell and exit before it gets delisted from every possible exchange. Don't rely on Binance. CZ is the kind who will sell and let it trade till he can collect the fees. He doesn't need to comply to US regulations but he will not lift a finger to save any of you poor sods who regularly buy his shills.

[TheGreatPython]

The biggest scam, which will cause a shock to crypto markets (for better or worse, capital flight will fly to other stablecoins and or back to Bitcoin) is Tether, USDT.

Yep, USDT will destroy the market if it gets shut down.

Tether is another one that a lot of people have been talking about. It’s quite strange how these scammers keep mingling themselves among the originals. And it’s quite sad that a lot of people are not aware of how bad these coins are, and I wouldn’t even blame those people who mention them, it’s not all of them that are bots or paid guerrilla marketing teams, some people usually think that any coin that is on the top positions like the top tens or twenty are a good options, so they are rushing into these scams without knowing it at all. That’s very bad. The one of Tether is the one I know very will that will hit the cryptocurrency market badly.

[tvplus006]

Lets look at some of the facts of this piece of crypto junk
    • Ripple Inc sued by xrp investors and process ongoing
    • Ripple Inc in trouble with SEC
    • Ripple Inc have previously been fined
    • XRP validator operating nodes transmitting money without a license (will have legal issues at some stage)
    • Marketcap is wrong, the real Marketcap is the sold XRP for which tax has been paid for
    • xrp genesis ledger is Number 32570 and not 0 like any proper coin
    • Ripple Inc has contingency plan to become a software company if xrp fails
    • Contract agreements only affect Ripple and have nothing to do with xrp.
    • From  technical perspective a single xrp works as well as 100 000 000 000
    • It is 100% centralized as one company and only one company sells and controls all supply
    • Banks have and will make the own tokens (Banks dont pay fees...they collect)
    • Only a handful of people hold third of all XRP
    • Ripple gifts XRP's or bribes “partners”, crackpots sent money to get some
    • Circulating supply has decreased from time to time, what a joke
    • Out of thousands of coins only 2 have ever been hacked (XRP, XLM)
    • Dev was gifted 1 Billion XRP for loosing part of the database (ledger 1-32569)
    • XRP cant scale (the hardware just simple is not up to it)
    • Ripple manages are a massive financial burden (overhead)
    • Ripple INC investors and XRP gamblers are at opposite ends, (one provides the money for the others luxurious lifestyle)
    • Hostile takeover, yes possible with Ripple Inc
    • 50% of circulating supply got released on a single day August 2014
    • Genesis time stamp 1.1.2013 (can we have a giggle)
    • How much does it cost to make a XRP (the real price of a product)
  
Satoshi more than a century ago https://bitcointalk.org/index.php?topic=57.msg415#msg415

"the price of any commodity tends to gravitate toward the production cost" and "in later years, when new coin generation is a small percentage of the existing supply, market price will dictate the cost of production more than the other way around".

...

Your post immediately caught my attention because I had already read it on the forum. And as it turned out, I was not mistaken, it was your re-publication of your message, which was posted earlier in another thread: https://bitcointalk.org/index.php?topic=5303069.msg55976167#msg55976167 (Archived: https://archive.is/zKyq3). Double: https://archive.is/1tcRN You do not need to do this, because it is a violation of clause 12 of the forum rules.

...12. No duplicate posting in multiple boards (except for re-posting topics in the local language boards if they're translated and re-posting marketplace topics in the altcoin boards if altcoins are accepted)...

[Tash]

Lets look at some of the facts of this piece of crypto junk
    • Ripple Inc sued by xrp investors and process ongoing
    • Ripple Inc in trouble with SEC
    • Ripple Inc have previously been fined
    • XRP validator operating nodes transmitting money without a license (will have legal issues at some stage)
    • Marketcap is wrong, the real Marketcap is the sold XRP for which tax has been paid for
    • xrp genesis ledger is Number 32570 and not 0 like any proper coin
    • Ripple Inc has contingency plan to become a software company if xrp fails
    • Contract agreements only affect Ripple and have nothing to do with xrp.
    • From  technical perspective a single xrp works as well as 100 000 000 000
    • It is 100% centralized as one company and only one company sells and controls all supply
    • Banks have and will make the own tokens (Banks dont pay fees...they collect)
    • Only a handful of people hold third of all XRP
    • Ripple gifts XRP's or bribes “partners”, crackpots sent money to get some
    • Circulating supply has decreased from time to time, what a joke
    • Out of thousands of coins only 2 have ever been hacked (XRP, XLM)
    • Dev was gifted 1 Billion XRP for loosing part of the database (ledger 1-32569)
    • XRP cant scale (the hardware just simple is not up to it)
    • Ripple manages are a massive financial burden (overhead)
    • Ripple INC investors and XRP gamblers are at opposite ends, (one provides the money for the others luxurious lifestyle)
    • Hostile takeover, yes possible with Ripple Inc
    • 50% of circulating supply got released on a single day August 2014
    • Genesis time stamp 1.1.2013 (can we have a giggle)
    • How much does it cost to make a XRP (the real price of a product)
  
Satoshi more than a century ago https://bitcointalk.org/index.php?topic=57.msg415#msg415

"the price of any commodity tends to gravitate toward the production cost" and "in later years, when new coin generation is a small percentage of the existing supply, market price will dictate the cost of production more than the other way around".

...

Your post immediately caught my attention because I had already read it on the forum. And as it turned out, I was not mistaken, it was your re-publication of your message, which was posted earlier in another thread: https://bitcointalk.org/index.php?topic=5303069.msg55976167#msg55976167 You do not need to do this, because it is a violation of clause 12 of the forum rules.

...12. No duplicate posting in multiple boards (except for re-posting topics in the local language boards if they're translated and re-posting marketplace topics in the altcoin boards if altcoins are accepted)...

https://archive.fo/wip/zKyq3 https://archive.fo/wip/1tcRN

And where is there a duplicate post? Different posts link to one post to you know how many ṕost link to satoshi quotes
For crypto to move forward it must free itself from known scams. A bad apple....

That thread should be locked anyway: https://bitcointalk.org/index.php?topic=5303069 (no post in 10 days)

[cryptolord2077]

Grayscale says it will dissolve XRP Trust, citing market reaction to SEC lawsuit

Digital asset investment firm Grayscale is moving to dissolve the XRP Trust — a move that comes days after it announced the liquidation of XRP positions from its Digital Large Cap Fund.

In a press statement circulated Wednesday, Grayscale cited the decision by the Securities and Exchange Commission to file suit against Ripple last month, in which it argued that the digital asset XRP is a security under U.S. law.

"In response to the SEC’s action, certain significant market participants have announced measures, including the delisting of XRP from major digital asset trading platforms, resulting in the Sponsor’s conclusion that it is likely to be increasingly difficult for U.S. investors, including the Trust, to convert XRP into U.S. dollars, and therefore continue the Trust’s operations," Grayscale said Wednesday

https://www.theblockcrypto.com/linked/91085/grayscale-xrp-trust-dissolution

[HoweyFeeling]

Here's our legal analysis about why XRP is in serious trouble:

https://howeyfeeling.medium.com/what-the-ripple-complaint-tells-us-about-ico-tokens-afe3c36f100f

[Tash]

Here's our legal analysis about why XRP is in serious trouble:

https://howeyfeeling.medium.com/what-the-ripple-complaint-tells-us-about-ico-tokens-afe3c36f100f

XLM, NEO,Dash..... lots of coins to look at

[residivis]

looking at the current price of Ripple is indeed very dump, but maybe this could be a game for big investors who make the token go down out of control. but if we can put a capital maybe around 100 $ and buy it now in the future I'm sure the price will be back to normal.

[Gatsby club]

Of course, ripple can be a fraudulent project, but at the same time it is a hype and highly volatile instrument, I think you can risk a small amount in ripple if suddenly they no longer have problems with SEC and the coin is propelled

[Eddyc]

We can even analyze the news about the legal actions against XRP but when analyzing the XRP market it has the third biggest strength and with a daily volume of 5 Billion and has a tendency to increase and fall but this is relative. The big question is why don't the market and offer values drop permanently? Why are there strong hands holding XRP?

Something to reflect on.

[residivis]

what actually happened to XRP, why is this. can anyone explain why this happened? I always find out what made this project fall, even though judging from its age and long journey why it could make many investors who joined this project lose big. I hope something like this doesn't happen to other altcoins again!

[Fredomago]

We can even analyze the news about the legal actions against XRP but when analyzing the XRP market it has the third biggest strength and with a daily volume of 5 Billion and has a tendency to increase and fall but this is relative. The big question is why don't the market and offer values drop permanently? Why are there strong hands holding XRP?

Something to reflect on.

Chances that whales knows something behind, it's really interesting to know what are those information that keeps this big bag holders to continue buying nd holding this coin despite of SEC issue.


The tendency that the team is capable in resolving the problem is very possible, if money will flow there's no issue  can't be solve if working hands takeover.

It's a matter of how willing you are to take the risk riding with those investors who continue to
trust this project and still hoping for a much bigger bounce up.

[Francis Freeman]

It goes a little bit over the top to call xrp as a scam Inna single word.
He they have done some bad practices but that is a nothing unseen. I am not supporting the bad practices in any way but you just can't simply call it a scan.